<SEC-DOCUMENT>0000950123-18-000589.txt : 20180228
<SEC-HEADER>0000950123-18-000589.hdr.sgml : 20180228
<ACCEPTANCE-DATETIME>20180131161819
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-18-000589
CONFORMED SUBMISSION TYPE:	DRS/A
PUBLIC DOCUMENT COUNT:		76
FILED AS OF DATE:		20180131
<PUBLIC-REL-DATE>20180228
DATE AS OF CHANGE:		20180216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Spotify Technology S.A.
		CENTRAL INDEX KEY:			0001639920
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRS/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	377-01839
		FILM NUMBER:		18562965

	BUSINESS ADDRESS:	
		STREET 1:		42-44, AVENUE DE LA GARE
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1610
		BUSINESS PHONE:		46 (70) 220-4607

	MAIL ADDRESS:	
		STREET 1:		42-44, AVENUE DE LA GARE
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-1610
</SEC-HEADER>
<DOCUMENT>
<TYPE>DRS/A
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>Amendment No.1 to DRS</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>  <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>As confidentially submitted with the Securities and Exchange Commission on January 31, 2018 </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="right"><B>Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>  <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>Amendment
No. 1 to </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>Confidential Submission on </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT STYLE="white-space:nowrap">F-1</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION STATEMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>UNDER </I></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>THE
SECURITIES ACT OF&nbsp;1933 </I></B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>Spotify Technology S.A. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of Registrant as specified in its charter) </B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top" ALIGN="center"><B>Grand Duchy of Luxembourg</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>7370</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">98-1097620</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>incorporation or organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Primary Standard Industrial</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Classification Code Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification Number)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">42-44,</FONT> avenue de la Gare </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">L-1610</FONT> Luxembourg </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>Grand Duchy of Luxembourg </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address, including zip code, of registrant&#146;s principal executive offices) </B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>Horacio Gutierrez </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>General Counsel </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>45
West 18th Street, 7th Floor </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>New York, New York 10011 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name and address, including zip code, of agent for service) </B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B><I>Copies to: </I></B></P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>Marc
D. Jaffe </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>Gregory P. Rodgers </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>Benjamin J. Cohen </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>Latham&nbsp;&amp; Watkins LLP </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>885 Third Avenue </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>New
York, New York 10022 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>(212) <FONT STYLE="white-space:nowrap">906-1200</FONT> </B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: AS SOON AS PRACTICABLE AFTER THIS REGISTRATION STATEMENT IS DECLARED
EFFECTIVE. </B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, please check the following box.&nbsp;&nbsp;&#9746; </P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b)
under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman">If this form is a post-effective amendment filed pursuant to Rule&nbsp;462(c) under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman">If this Form is a post-effective
amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933. </P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; text-indent:3%; font-size:8.5pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman">If
an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section&nbsp;7(a)(2)(B) of the Securities Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD></TR>


<TR STYLE="font-size:1px; ">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of Each Class&nbsp;of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Securities to be Registered</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Amount to be<BR>Registered</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Proposed</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Maximum</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Offering
Price</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Per Unit</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Proposed</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Maximum</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Aggregate</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Offering Price<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Amount of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Registration Fee</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8.5pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:Times New Roman"><B>Ordinary shares, nominal value of &#128;0.025 per
share</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Not applicable</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px; ">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8.5pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Estimated solely for purposes of calculating the registration fee pursuant to Rule 457(f)(2) of the Securities Act. </TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:4.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman"><B>The registrant hereby amends
this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in
accordance with Section&nbsp;8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section&nbsp;8(a), may determine. </B></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>   <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><FONT COLOR="#eb0029"><B>The information in this prospectus is not
complete and may be changed. We may not sell these securities until the Registration Statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer
to buy these securities in any state where the offer or sale is not permitted. </B></FONT></P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT COLOR="#eb0029"><B>Subject to
Completion, dated&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018 </B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>SPOTIFY TECHNOLOGY S. A. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g70b56.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ORDINARY SHARES </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This prospectus relates to the registration of the resale of up
to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of our ordinary shares by the registered shareholders identified in this prospectus (&#147;Registered Shareholders&#148;). Unlike an initial public offering, the resale
by the Registered Shareholders is not being underwritten by any investment bank. The Registered Shareholders may, or may not, elect to sell their ordinary shares covered by this prospectus, as and to the extent they may determine. Such sales, if
any, will be made through ordinary brokerage transactions on the New York Stock Exchange (the &#147;NYSE&#148;) at prevailing market prices. See &#147;Plan of Distribution.&#148; If the Registered Shareholders choose to sell their ordinary shares,
we will not receive any proceeds from the sale of ordinary shares by the Registered Shareholders. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each outstanding ordinary share
entitles the holder thereof to one vote. In addition, our shareholders have authorized the issuance of up to 35,000,000 beneficiary certificates to entities beneficially owned by our founders, Daniel Ek and Martin Lorentzon, as well as to certain of
our shareholders pursuant to an offer to subscribe for a number of beneficiary certificates in accordance with any applicable rights such shareholders may have. Each beneficiary certificate will entitle a shareholder to one vote. The beneficiary
certificates will carry no economic rights and will be issued to provide the holders of such beneficiary certificates additional voting rights. The beneficiary certificates, when issued and subject to certain exceptions, will be non-transferable and
shall automatically be canceled for no consideration in the case of sale or transfer of the ordinary share to which they are linked. See &#147;Description of Share Capital and Articles of Association.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">No public market for our ordinary shares currently exists. However, our ordinary shares have a history of trading in private transactions.
Based on information available to us, the high and low sales price per ordinary share for such private transactions during the year ended December&nbsp;31, 2017 was $5,000.00 and $1,500.00, respectively, and during the period from January&nbsp;1,
2018 through&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018 was $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, respectively. For more information, see &#147;Sale Price History of Ordinary Shares.&#148; Our recent trading prices in private transactions may have little or no relation to the opening public
price of our ordinary shares on the NYSE or the subsequent public price of our ordinary shares. Further, the listing of our ordinary shares on the NYSE without underwriters is a novel method for becoming a public company, and consequently, the
trading volume and price of our ordinary shares may be more volatile than if our ordinary shares were initially listed in connection with an underwritten initial public offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Based on information provided by the NYSE, the opening public price of our ordinary shares on the NYSE will be determined by buy and sell
orders collected by the NYSE from broker-dealers. Based on such orders, the designated market maker will determine an opening price for our ordinary shares in consultation with a financial advisor pursuant to applicable NYSE rules. For more
information, see &#147;Plan of Distribution.&#148; </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We intend to apply to list our ordinary shares on the NYSE under the symbol
&#147;SPOT&#148; on or about &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:12pt; font-family:Times New Roman"><B>Investing in our ordinary shares involves risks. See &#147;<A HREF="#rom494294_7">Risk Factors</A>&#148; beginning on page 13. </B></P>
 <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Securities and Exchange Commission and state securities regulators have not approved or disapproved these securities, or determined
if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018 </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc"></A>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_1">ABOUT THIS PROSPECTUS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">ii</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_2">NOTE REGARDING FORWARD-LOOKING STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">iii</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_3">PRESENTATION OF FINANCIAL AND OTHER INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">iv</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_4">MARKET AND INDUSTRY DATA</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">v</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_5">SUMMARY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_6">SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_7">RISK FACTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_8">USE OF PROCEEDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_9">DIVIDEND POLICY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_10">CAPITALIZATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_11">CURRENCIES AND EXCHANGE RATES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_12">SELECTED HISTORICAL FINANCIAL INFORMATION AND OTHER DATA</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_13">MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
 OF OPERATIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_14">LETTER FROM DANIEL EK</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_15">BUSINESS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_16">MANAGEMENT</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_17">REGISTERED SHAREHOLDERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">131</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_18">PRINCIPAL SHAREHOLDERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_19">RELATED PARTY TRANSACTIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_20">DESCRIPTION OF SHARE CAPITAL AND ARTICLES OF ASSOCIATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_21">SHARES ELIGIBLE FOR FUTURE SALE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">154</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_22">SALE PRICE HISTORY OF ORDINARY SHARES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">156</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_23">CERTAIN TAXATION CONSIDERATIONS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_24">PLAN OF DISTRIBUTION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_25">EXPENSES OF THE REGISTRATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_26">ENFORCEMENT OF CIVIL LIABILITIES</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_27">LEGAL MATTERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_28">EXPERTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_29">WHERE YOU CAN FIND MORE INFORMATION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#rom494294_30">INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">F-1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are responsible for the information contained in this prospectus and in any free writing prospectus we
prepare or authorize. Neither we nor the Registered Shareholders have authorized anyone to provide you with different information, and neither we nor the Registered Shareholders take responsibility for any other information others may give you. We
are not, and the Registered Shareholders are not, making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. The information in this prospectus is only accurate as of the date of this prospectus. Our
business, financial condition, results of operations, and prospects may have changed since that date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For investors outside the United
States: We have not and the Registered Shareholders have not done anything that would permit the use of or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States.
Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the ordinary shares and the distribution of this prospectus outside the United
States. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_1"></A>ABOUT THIS PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This prospectus is a part of a registration statement on Form <FONT STYLE="white-space:nowrap">F-1</FONT> (the &#147;Registration
Statement&#148;) that we filed with the Securities and Exchange Commission (the &#147;SEC&#148;) using a &#147;shelf&#148; registration or continuous offering process. Under this shelf process, the Registered Shareholders may from time to time sell
the ordinary shares covered by this prospectus in the manner described in &#147;Plan of Distribution.&#148; Additionally, we may provide a prospectus supplement to add information to, or update or change information contained in this prospectus,
including the &#147;Plan of Distribution.&#148; This prospectus incorporates by reference important information. You should read this prospectus and the information incorporated by reference before deciding to invest in our ordinary shares. You may
obtain this information without charge by following the instructions under &#147;Where You Can Find More Information&#148; appearing elsewhere in this prospectus. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_2"></A>NOTE REGARDING FORWARD-LOOKING
STATEMENTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This prospectus contains estimates and forward-looking statements. All statements other than statements of historical fact
are forward-looking statements. The words &#147;may,&#148; &#147;might,&#148; &#147;will,&#148; &#147;could,&#148; &#147;would,&#148; &#147;should,&#148; &#147;expect,&#148; &#147;plan,&#148; &#147;anticipate,&#148; &#147;intend,&#148;
&#147;seek,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;predict,&#148; &#147;potential,&#148; &#147;continue,&#148; &#147;contemplate,&#148; &#147;possible,&#148; and similar words are intended to identify estimates and forward-looking
statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and
trends, which affect or may affect our businesses and operations. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to numerous risks and uncertainties and are made in
light of information currently available to us. Many important factors may adversely affect our results as indicated in forward-looking statements. These factors include, but are not limited to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to attract prospective Users (as defined herein) and to retain existing Users; </TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our dependence upon third-party licenses for sound recordings and musical compositions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to comply with the many complex license agreements to which we are a party; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to generate sufficient revenue to be profitable or to generate positive cash flow on a sustained basis; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our lack of control over the providers of our content and their effect on our access to music and other content; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to accurately estimate the amounts payable under our license agreements; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the limitations on our operating flexibility due to the minimum guarantees required under certain of our license agreements; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to obtain accurate and comprehensive information about music compositions in order to obtain necessary licenses or perform obligations under our existing license agreements; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">potential breaches of our security systems; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">assertions by third parties of infringement or other violations by us of their intellectual property rights; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">risk associated with our substantial indebtedness; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">risks related to our status as a foreign private issuer; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">dilution resulting from additional share issuances; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the impact of the concentration of ownership among our officers, directors, large shareholders, and their affiliates on the ability of new investors to influence corporate decisions. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Other sections of this prospectus describe additional risk factors that could adversely impact our business and financial performance.
Moreover, we operate in an evolving environment. New risk factors and uncertainties emerge from time to time, and it is not possible for our management to predict all risk factors and uncertainties, nor are we able to assess the impact of all of
these risk factors on our business or the extent to which any risk factor, or combination of risk factors, may cause actual results to differ materially from those contained in any forward-looking statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We qualify all of our forward-looking statements by these cautionary statements. See &#147;Risk Factors.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You should read this prospectus and the documents that we have filed as exhibits to this prospectus completely and with the understanding that
our actual future results may be materially different and worse from what we expect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_3"></A>PRESENTATION OF FINANCIAL AND OTHER
INFORMATION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Currency </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">All
references in this prospectus to (i) &#147;Euro,&#148; &#147;EUR,&#148; or &#147;&#128;&#148; are to the currency of the member states participating in the European Monetary Union, and (ii) &#147;U.S. dollar,&#148; &#147;USD,&#148; or &#147;$&#148;
are to the currency of the United States. Our reporting currency is the Euro. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the convenience of the reader, this prospectus contains
translations of certain Euro amounts into U.S. dollars at specified rates. Unless otherwise indicated, the U.S. dollar equivalent for information in Euros is based on the exchange rates, as defined in &#147;Currencies and Exchange Rates.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Presentation of Financial Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with International Financial Reporting Standards (&#147;IFRS&#148;) as issued by the International Accounting Standards Board
(&#147;IASB&#148;), we prepare our consolidated financial statements on a historical cost basis, except for securities, Convertible Notes (as defined herein), and derivative financial instruments, which have been measured at fair value. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The consolidated financial statements included in this prospectus for the years ended December&nbsp;31, 2015 and 2016 have been prepared in
accordance with a full retrospective application of IFRS 15, <I>Revenue from Contracts with Customers</I>, as of January&nbsp;1, 2017. As such, these consolidated financial statements will comply with IFRS as issued by the IASB upon our issuance of
consolidated financial statements for the year ended December&nbsp;31, 2017. Please read Note 2 to the consolidated financial statements included elsewhere in this prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The financial information included in this prospectus for the years ended December&nbsp;31, 2013 and 2014 have been presented without the
retrospective application of IFRS 15 and may not be comparable to the years ended December&nbsp;31, 2015 and 2016. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Non-IFRS</FONT> Financial Measures </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In this prospectus, we present certain financial measures that are not recognized by IFRS and that may not be permitted to appear on the face
of IFRS-compliant financial statements or notes thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The <FONT STYLE="white-space:nowrap">non-IFRS</FONT> financial measures used in
this prospectus are EBITDA and Free Cash Flow. For a discussion of EBITDA and Free Cash Flow and a reconciliation of each to their most closely comparable IFRS measures, see &#147;Summary Consolidated Financial and Other Data&#148; and
&#147;Selected Historical Financial Information and Other Data.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Presentation of Ordinary Shares </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Except as otherwise indicated, the number of ordinary shares outstanding excludes
(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ordinary shares issuable upon exercise of stock options outstanding as
of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018 at a weighted-average exercise price of &#128;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; per ordinary
share, (ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ordinary shares issuable upon the settlement of restricted stock units (&#147;RSUs&#148;) outstanding as
of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018, and (iii)&nbsp;ordinary shares issuable upon exercise of outstanding contingent options. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Further, unless otherwise indicated, all information in this prospectus reflects a
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">-for-</FONT></FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; stock split of
our ordinary shares, which we expect to effectuate prior to the effectiveness of the Registration Statement. The purpose of the stock split is to reduce the per share price of our ordinary shares to a more customary level for a newly listed company
on the NYSE. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rounding </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Certain
monetary amounts, percentages, and other figures included in this prospectus have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be the arithmetic aggregation of the figures that precede them,
and figures expressed as percentages in the text may not total 100% or, as applicable, when aggregated may not be the arithmetic aggregation of the percentages that precede them. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iv </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_4"></A>MARKET AND INDUSTRY DATA </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Information included in this prospectus relating to our industry, industry size, share of industry sales, industry position, industry
capacities, industry demand, growth rates, penetration rates, and other industry data consists of estimates based on reports compiled by professional third-party organizations and analysts, data from external sources, our knowledge of our sales and
the industry in which we operate, and our own calculations based on such information. While we have compiled, extracted, and reproduced industry data from external sources, including third-party, industry, or general publications, we have not
independently verified the data. Similarly, while we believe our management estimates to be reasonable, they have not been verified by any independent sources. Forecasts and other forward-looking information with respect to industry and ranking are
subject to the same qualifications and additional uncertainties regarding the other forward-looking statements in this prospectus. See &#147;Note Regarding Forward-Looking Statements.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Among others, we refer to estimates compiled by the following industry sources: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Nielsen Corporation (&#147;Nielsen&#148;), a global marketing research firm that measures media audiences; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Recording Industry Association of America (&#147;RIAA&#148;), an organization that conducts consumer, industry, and technical research; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Equation Research, an independent panel brokerage that conducts brand tracking; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Magna Global, a resource that publishes market insights and forecasts; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Ovum, a global business intelligence firm that produces research for digital service providers; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">comScore, Inc. (&#147;comScore&#148;), an agency that measures audiences, advertising, and consumer behavior; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">BIA/Kelsey, an advisory firm focused on local advertising and marketing; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">International Telecom Union, a specialized agency for information and communication technologies; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">MIDiA Research (&#147;MIDiA&#148;), a research service that provides comprehensive market insights and analysis. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">v </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_5"></A>SUMMARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>This prospectus summary highlights certain information appearing elsewhere in this prospectus. As this is a summary, you should read the
entire prospectus carefully, including the information under &#147;Risk Factors,&#148; &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations,&#148; and our consolidated financial statements and the related
notes thereto included in this prospectus. This prospectus includes forward-looking statements that involve risks and uncertainties. See &#147;Note Regarding Forward-Looking Statements.&#148; Unless the context otherwise requires, references to
&#147;Company,&#148; &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; and &#147;Spotify&#148; refer to Spotify Technology S.A. and its direct and indirect subsidiaries on a consolidated basis. </I></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Overview </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our mission is to unlock the
potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When we launched our Service in 2008, music industry revenues had been in decline for nine consecutive years. Growth in piracy and digital
distribution were disrupting the industry. People were listening to plenty of music, but the market needed a better way for artists to monetize their music and consumers needed a legal and simpler way to listen. We set out to reimagine the music
industry and to provide a better way for both artists and consumers to benefit from the digital transformation of the music industry. Spotify was founded on the belief that music is universal and that streaming is a more robust and seamless access
model that benefits both artists and music fans. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are the largest global music streaming subscription service. Our premium service
(&#147;Premium Service&#148;) provides Premium Subscribers with unlimited online and offline high-quality streaming access to our catalog. The Premium Service offers a commercial-free music experience. Our
<FONT STYLE="white-space:nowrap">ad-supported</FONT> service <FONT STYLE="white-space:nowrap">(&#147;Ad-Supported</FONT> Service,&#148; and together with our Premium Service, our &#147;Service&#148;) has no subscription fees and provides
Ad-Supported Users with limited <FONT STYLE="white-space:nowrap">on-demand</FONT> online access to our catalog. With a presence in 61 countries and growing, our platform includes over 154&nbsp;million MAUs and 62&nbsp;million Premium Subscribers as
of September&nbsp;30, 2017, which we believe is nearly double the scale of our closest competitor, Apple Music. We define Premium Subscribers as the total count of users for accounts that have completed registration with Spotify and have activated a
payment method for Premium Service. Monthly active users (&#147;MAUs&#148;) refers to the total count of Users of our Ad-Supported Service (&#147;Ad-Supported Users,&#148; and together with Premium Subscribers, &#147;Users&#148;) and Premium
Subscribers that have consumed content for greater than zero milliseconds in the last thirty days from the <FONT STYLE="white-space:nowrap">period-end</FONT> indicated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Users are highly engaged. We currently monetize our Service through both subscriptions and advertising. Our Premium Subscribers have grown
54% year-over-year as of September&nbsp;30, 2017 to 62&nbsp;million. Our 154&nbsp;million MAUs have grown 35% year-over-year as of September&nbsp;30, 2017. The Premium Service and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service live
independently, but thrive together. Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service serves as a funnel, driving more than 60% of our total gross added Premium Subscribers since February 2014. With a 51% increase in revenue from our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service from 2015 to 2016, we believe our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service is a strong and viable stand-alone product with considerable long-term opportunity for growth in <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Users and revenue. However, we face intense competition in growing both our Ad-Supported Users and Premium Subscribers, as well as in keeping our Users highly engaged. If User engagement declines or if
we fail to continue to grow our Ad-Supported User base or Premium Subscriber base, our revenue growth will be negatively impacted. See &#147;Risk Factors&#151;Risks Related to Our Business&#151;If our efforts to attract prospective Users and to
retain existing Users are not successful, our growth prospects and revenue will be adversely affected.&#148; </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the years ended December&nbsp;31, 2015 and 2016, we generated &#128;1,940&nbsp;million
and &#128;2,952&nbsp;million in revenue, respectively, representing an increase of 52%. For the years ended December&nbsp;31, 2015 and 2016, we incurred net losses of &#128;230&nbsp;million and &#128;539&nbsp;million, respectively. For the years
ended December&nbsp;31, 2015 and 2016, our EBITDA was &#128;(205)&nbsp;million and &#128;(311)&nbsp;million, respectively. For the years ended December&nbsp;31, 2015 and 2016, our net cash flow (used in)/from operating activities was
&#128;(38)&nbsp;million and &#128;101&nbsp;million, respectively. For the years ended December&nbsp;31, 2015 and 2016, our Free Cash Flow was &#128;(92)&nbsp;million and &#128;73&nbsp;million, respectively. EBITDA and Free Cash Flow are <FONT
STYLE="white-space:nowrap">non-IFRS</FONT> financial measures. For a discussion of EBITDA and Free Cash Flow and a reconciliation of each to their most closely comparable IFRS measures, see &#147;Summary Consolidated Financial and Other Data.&#148;
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Music Industry Returns to Growth Led by Streaming </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Global recorded music industry revenues declined by 40% from $23.8&nbsp;billion in 1999 to $14.3&nbsp;billion in 2014 following the launch of
the first internet-based music download service. As Spotify&#146;s access model gained traction, however, that trend reversed itself in 2015 when global recorded music revenues grew more than 3% from the prior year. Growth accelerated in 2016, when
global recorded music revenues reached $15.7&nbsp;billion, an increase of 6% from 2015. This was the highest annual growth rate in 20 years, according to management estimates and industry reports. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Return to Growth was Primarily Driven by Streaming.</I> Streaming is the engine which has primarily restored the global recorded music industry to growth. Streaming revenues increased by 60% in 2016, reaching
$4.6&nbsp;billion, while physical sales and digital download revenues continued to decline at 8% and 21% respectively, according to management estimates and industry reports. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Streaming is Growing Globally.</I> According to management estimates and industry reports, the return to growth in the recorded music industry was seen in every region measured, namely North America, Europe, Asia,
and Latin America. By transforming user behavior, streaming has become the dominant global format in the music industry, fueling growth in key music markets worldwide. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>The Streaming Market is Still in its Infancy.</I> While streaming has changed the way many people access music, we believe there is an untapped global audience with significant growth potential. We believe the
universality of music gives us the opportunity to reach many of the over 3.6&nbsp;billion internet users globally, according to the International Telecom Union ICT Facts and Figures 2017 Report. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Increasing Penetration of Established Markets.</I> There is opportunity for growth, even in more established markets. According to Nielsen, the average American listens to more than 32 hours of music each week, and
we believe there is significant room to capture additional share of these content hours. Research from MIDiA indicates that listeners who pay for streaming subscription services tend to consume more content hours on average than ad-supported users.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Growth in Smartphone Penetration.</I> In the 61 countries where we are present, there were an estimated 1.2&nbsp;billion payment-enabled smartphone users in 2017. According to research from Ovum, the number of
payment-enabled smartphone users in the countries where we are present is forecast to grow by 28% to approximately 1.6&nbsp;billion by 2021. As a mobile-first platform, we believe we are well-positioned to benefit from the growth in global
smartphone users. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Opportunity in the <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Music Market.</I> With our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service, we believe there is a large opportunity to grow Users
and gain share from traditional terrestrial radio. In the United States alone, traditional terrestrial radio is a $14&nbsp;billion market, according to BIA/Kelsey. The total global radio advertising market is approximately $32&nbsp;billion,
according to Magna Global. With a more robust offering, more <FONT STYLE="white-space:nowrap">on-demand</FONT> capabilities, and access to personalized playlists, we believe Spotify offers Users a significantly better alternative to linear
broadcasting. </TD></TR></TABLE>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Spotify is the Largest Global Music Streaming Subscription Service </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify has transformed the way people access and enjoy music. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Today, millions of people around the world have access to over 35&nbsp;million tracks through Spotify, whenever and wherever they want. We are
transforming the music industry by allowing Users to move from a &#147;transaction-based&#148; experience of buying and owning music to an &#147;access-based&#148; model which allows Users to stream music on demand. In contrast, traditional radio
relies on a linear distribution model in which stations and channels are programmed to deliver a limited song selection with little freedom of choice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are the largest global music streaming subscription service with over 154&nbsp;million MAUs and 62&nbsp;million Premium Subscribers as of
September&nbsp;30, 2017. Based on management estimates and industry reports, Spotify&#146;s global streaming market share was approximately 42% in 2016 as determined by revenue, and we had market share of approximately 41%, 42%, and 59% in the U.S.,
Brazil, and United Kingdom, our three largest markets by MAUs, respectively. In addition, we accounted for greater than 95% of the streaming market in our home country of Sweden. We made up almost half of global revenues from paid streaming to
record labels in 2016, according to MIDiA. Through September 30, 2017, we have paid more than &#128;7&nbsp;billion in royalties to artists, music labels, and publishers since our launch. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify is more than a music streaming service. We are in the discovery business. Every day, fans from around the world trust our brand to
guide them to music and entertainment that they would never have discovered on their own. If discovery drives delight, and delight drives engagement, and engagement drives discovery, we believe Spotify wins and so do our Users. Our brand reflects
culture&#151;and occasionally creates it&#151;by turning vast and intriguing listening data into compelling stories that remind people of the role music plays in their lives and encourages new fans to join Spotify each week. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>How is Spotify Different? </I></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Scale Provides Unique Data which Enables a Differentiated and Personalized Experience. </I>Many music services have large catalogs, but we believe Spotify is differentiated from other services because we provide
Users with a more personalized experience, driven by powerful music search and discovery engines. We have a large and growing base of Users that are highly engaged on Spotify, which enables us to continuously learn about their listening behaviors
throughout the day. We use this information to create a more personalized and engaging experience for each incremental visit to our platform. We believe this personalized experience is a key competitive advantage as Users are more likely to engage
with a platform that reflects their real-time moods and activities and captures a unique understanding of moments in their lives. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Superior User Experience Drives Industry Leading User Engagement. </I>We believe our superior User experience is what has enabled Spotify to become the largest global music streaming subscription service.
<I></I>Investing in the user experience has and will continue to generate significant benefits for our platform. As our personalization becomes more refined and music discovery becomes more seamless, we believe we will increase our current
Users&#146; engagement and will attract new Users to our platform. On average, 24 Content Hours Per MAU were streamed in each month of the third quarter of 2017.<I> </I>Content Hours Per MAU is a monthly measure defined as the aggregate number of
hours Users spent consuming audio and video content on Spotify in the quarter indicated divided by the average of the MAUs for each month in such quarter, which is then divided by three months. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Our 154&nbsp;million MAUs have grown 35% year-over-year as of September&nbsp;30, 2017. Our Premium Subscribers have grown 54% year-over-year as
of September 30, 2017 to 62 million. A portion of this </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

  <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">
growth is due to the popularity of our Family Plan, which allows up to six Premium Subscribers in a household for one fixed monthly rate. Our Premium Subscribers include both the master Family
Plan account as well as any sub-accounts associated with each household. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Spotify Playlists are the Driving Force Behind Music Discovery and Demand Creation on our Service. </I>As our Service has grown, our challenge has been to connect millions of Users&#151;all with distinct listening
preferences&#151;with a large catalog of over 35&nbsp;million tracks as of September&nbsp;30, 2017. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Spotify has become an
essential partner to both aspiring and established artists by enabling their music to be discovered. Our playlists have become a key discovery tool for Users to find new artists and new music from their favorite artists. Given the success of our
playlists in driving music discovery, they have become one of the primary tools that labels, artists, and managers use in order to boost artists and measure success. Many of our Users also rely on Spotify to help soundtrack their day, through
editorially-curated playlists like RapCaviar or personalized machine-generated playlists like Discover Weekly, Daily Mix, or Release Radar. We now program approximately 29% of all listening on Spotify across these and other playlists, compared to
less than 20% two years ago. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Spotify&#151;Building a <FONT STYLE="white-space:nowrap">Two-Sided</FONT> Marketplace </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are building a <FONT STYLE="white-space:nowrap">two-sided</FONT> music marketplace for Users and artists, which is powered by data,
analytics, and software. Spotify provides fans with a way to discover and enjoy music, and artists with an additional avenue to showcase and be compensated for their creative works. For artists, Spotify provides a platform from which they can reach
and interact with their fans, as well as analytics which provide a better and more thorough understanding of their fan base. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Benefits for
Users </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are focused on enabling the discovery and curation of music for our Users through our range of products and services:
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Playlists and Personalization</I>. Users benefit from our ability to help them navigate our more than 35&nbsp;million tracks as of September&nbsp;30, 2017. We do this by providing Users with editorially curated and
machine-generated playlists. From the moment Users open the Spotify app, we serve them a personalized homepage with content that reflects our understanding of their music tastes, listening habits, musical moods, and daily activities. The homepage is
a gateway to a universe of content, and we aim to make that universe accessible, dynamic, and engaging. We believe Users are more likely to engage with a platform that reflects their real-time moods and activities and captures a unique understanding
of moments in their lives. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I><FONT STYLE="white-space:nowrap">Ad-Supported</FONT> and Premium Listening</I>. We provide a wide range of listening options that meet the varying needs of our rapidly growing User base and also address our
Users&#146; real-time moods and activities and captures a unique understanding of moments in their lives. Our listening options include our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service, Family Plan, Student Plan, and individual
Premium subscriptions. We created our student plan (the &#147;Student Plan&#148;) to target the student population, because these Users tend to have high retention and tend to migrate to our Premium Service over time. Additionally, we created our
family plan (the &#147;Family Plan&#148;) to offer a better subscription experience for households so that every household member can have a unique individual account rather than share one account for music listening. Our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service serves as both a Premium Subscriber acquisition channel and also a robust option for Users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide
variety of high-quality music and other content. </TD></TR></TABLE>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Cross-Platform Flexibility</I>. We strive to reach Users wherever they are in the world, which means that Spotify is built to be functional across multiple platforms&#151;from smartphones to laptops to video game
consoles to cars. The flexibility of our platform and the ability to access it via a single user ID across mobile, tablet, and other connected devices creates a seamless and integrated experience that is designed to fit a variety of lifestyles. As
an independent service, we are uniquely positioned to work with the broadest set of partners in the ecosystem. </TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Benefits for
Creators </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify provides a large stage for creators and artists to connect with existing fans and to be discovered by new fans.
In addition to providing artists with access to the largest global music streaming audience, we also provide artists with a full stack of tools and services, enabling them to grow their businesses on a single platform. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Monetization. </I>Through September&nbsp;30, 2017, we have paid more than &#128;7&nbsp;billion in royalties to artists, music labels, and publishers since our launch. In 2016, our expenses for rights holders grew by
50% <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-over-year.</FONT></FONT> We believe that our number of Premium Subscribers is nearly double the size of our nearest competitor, Apple Music. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Discovery.</I> We not only help artists connect with existing fans, but we also support artists in connecting with the Users who are most likely to become fans of their music. From our curation algorithms and data
assets that surface new music to Users in playlists, to physical billboards, branded events, and personalized campaigns, we offer artists the tools to connect with fans, new and old. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Distribution.</I> An artist who makes their music available on Spotify gains access to the largest global music streaming subscription service based on our 154&nbsp;million MAUs as of September&nbsp;30, 2017. We
offer our Service in 61 countries around the world. We enable artists to distribute entire albums and individual songs to this audience. We also place artists&#146; content on playlists, further amplifying their reach. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Promotion</I>. We empower artists and their managers to personalize and create unique artist profiles by providing them with tools to develop their artist image, including featuring songs on their artist profiles and
creating artist playlists. On top of these standard services, we also offer artists specific promotional tools, designed to target specific Users and broad audiences in order to drive engagement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Analytics</I>. We provide numerous analytics for artists through our Spotify for Artists service. Analytics that artists can access include the demographics of their listening audience, Users&#146; anonymized
geographical locations, similar artists that their fans listen to, the number of real-time Users, song performance data, playlist data, and playlist notifications. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Tools for Creation.</I> Our Creator Technology Research Lab focuses on making tools to help artists in their creative process&#151;with a goal of helping artists at all career stages to realize their creative
visions. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Business Model </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We offer both Premium and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Services. Our Premium and
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Services live independently, but thrive together. We believe this business model has allowed us to achieve scale with attractive unit economics and is a critical part of our success. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We continue to invest heavily in developing our <FONT STYLE="white-space:nowrap">two-sided</FONT> marketplace with new and better product
features and functionality for Users and creators and believe our investments are leading to higher User engagement and enjoyment. We provide personalization that drives a unique and tailored experience to each User and the tools for artists to
reach the widest fan base. </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users and Premium Subscribers
are spending more time with the Service each year. From a content perspective, on average 24 Content Hours Per MAU were streamed in each month of the third quarter in 2017, up 14% from the third quarter in 2016 and up 29% from the third quarter in
2015. Historically, our Premium Subscribers have streamed more than three times the amount of content per month than <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With engagement increasing, Premium Churn has continued to trend lower. In the third quarter of 2017, Premium Churn was 5.6%, down from 6.4%
in the third quarter of 2016 and down from 9.2% in the third quarter of 2015. Premium Churn is a monthly measure defined as Premium Subscriber cancellations in the quarter indicated divided by the average number of daily Premium Subscribers in such
quarter, which is then divided by three months. As our User base matures, and with the growth in higher retention products such as our Family Plan and Student Plan, we believe Premium Churn will continue to trend lower over time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are currently in 61 countries and are growing in each of the four geographic regions that we are present. Europe is our largest region with
55&nbsp;million MAUs, accounting for 36% of our total User base as of September&nbsp;30, 2017, an increase of 30% from the prior year. In our North America region, MAUs increased by 25% from September&nbsp;30, 2016 to September&nbsp;30, 2017 and now
account for 32% of our MAUs. Our two fastest growing regions are Latin America, with 22% of our MAUs, an increase of 46% from September&nbsp;30, 2016 to September&nbsp;30, 2017, and the rest of the world, with 10% of our MAUs, an increase of 67%
from September&nbsp;30, 2016 to September&nbsp;30, 2017. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Growth Strategies </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe we are still in the early stages of realizing our goal to connect artists and audiences around the world. Our growth strategies are
focused on continuously improving our technology and attracting more Users in current and new markets in order to collect more behavioral data, which we use to offer our Users, advertisers, and artists an even better experience. The key elements of
our growth strategy are: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Continually Enhance our Platform in Order to Retain and Grow Our User Base</I>. We will continue to (i)&nbsp;invest heavily in research and development, (ii)&nbsp;make strategic acquisitions in order to enhance our
product capabilities, and (iii)&nbsp;make our offerings more attractive to existing and prospective Users. We will continue to invest in our artificial intelligence and machine learning capabilities to deepen the personalized experience that we
offer to all of our Users. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Further Penetrate our Existing Markets</I>. In aggregate, only 12% of the payment-enabled smartphone users in the 61 countries in which we have active Users use our platform, based on estimates from Ovum, as of
September&nbsp;30, 2017. This statistic is calculated as the number of our Users within a country divided by the total number of smartphone owners in that country. By pursuing initiatives that drive the continued growth of our User base within our
existing markets, we hope to take advantage of this current low penetration rate. These initiatives include enhancing our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> offering, continuing to improve our playlists, enhancing the
personalization of our music delivery, bringing even more artists to our platform, and expanding our content offerings. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Enter New Geographies</I>. In the last two years, we launched Spotify in Japan, Indonesia, and Thailand, and we expect to continue to expand geographically in order to provide Users around the world with full access
to the Spotify music catalog. Before launching in a new market, we typically optimize the local Spotify experience for local music preferences. We seek to obtain the rights to popular local content and have local curators where it makes sense.
</TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Continue to Invest in our Advertising Business</I>. We will continue to invest in our advertising products in
order to create more value for advertisers by enhancing their ability to make advertising content </P></TD></TR></TABLE>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
more relevant for our Users. Offering advertisers additional ways to purchase advertising on a programmatic basis is one example of how we continue to expand our portfolio of advertising
products. We also are focused on developing analytics and measurement tools to evaluate, demonstrate, and improve the effectiveness of advertising campaigns on our platform. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Expand our <FONT STYLE="white-space:nowrap">Non-music</FONT> Content and User Experience.</I> We are an audio first platform and have begun expanding into <FONT STYLE="white-space:nowrap">non-music</FONT> content
like podcasts. We hope to expand this offering over time to include other <FONT STYLE="white-space:nowrap">non-music</FONT> content, such as spoken word and short form interstitial video. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Expand our &#145;Spotify for Artists&#146; Initiatives.</I> We will continue to make investments in the artistic community, by providing artists with even more ways to connect with their fans. By investing in tools
that will help further the creation of music, we hope to find more ways to help artists reach Users to grow their audiences. </TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Risks
Associated with our Business and of Owning Our Ordinary Shares </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our business and owning our ordinary shares are subject to numerous
risks and uncertainties, including those highlighted in &#147;Risk Factors.&#148; These risks include, but are not limited to, the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">your ability to sell your ordinary shares at or above the price you bought them for due to (i) our listing not having the same safeguards as an underwritten initial public offering, which may result in the public price
of our ordinary shares being volatile and declining significantly upon listing, or (ii) the failure of an active, liquid, and orderly market for our ordinary shares to develop or be sustained; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to attract prospective Users and to retain existing Users; </TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our dependence upon third-party licenses for sound recordings and musical compositions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to comply with the many complex license agreements to which we are a party; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to generate sufficient revenue to be profitable or to generate positive cash flow on a sustained basis; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our lack of control over the providers of our content and their effect on our access to music and other content; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to accurately estimate the amounts payable under our license agreements; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the limitations on our operating flexibility due to the minimum guarantees required under certain of our license agreements; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to obtain accurate and comprehensive information about music compositions in order to obtain necessary licenses or perform obligations under our existing license agreements; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">potential breaches of our security systems; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">assertions by third parties of infringement or other violations by us of their intellectual property rights; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">risks related to our status as a foreign private issuer. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Corporate Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We were organized under the laws of Luxembourg as a <I>soci&eacute;t&eacute; anonyme</I> and incorporated on December&nbsp;27, 2006 with our
registered office at <FONT STYLE="white-space:nowrap">42-44,</FONT> avenue de la Gare, <FONT STYLE="white-space:nowrap">L-1610</FONT> Luxembourg and registered with the </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Luxembourg Trade and Companies&#146; Register under number B. 123.052. Our principal operational office is located at Regeringsgatan 19, 111 53 Stockholm, Sweden. Our website is www.spotify.com.
We do not have a phone number. The information contained on our website is not incorporated by reference in this prospectus and you should not consider information contained on our website to be a part of this prospectus. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Recent Developments </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In December
2017, Spotify and Tencent Holdings Limited (&#147;Tencent&#148;) completed two separate equity investments. In the first transaction, (i)&nbsp;Tencent Music Entertainment Group (&#147;TME&#148;) issued shares of TME to Spotify, and (ii)&nbsp;Spotify
issued ordinary shares of Spotify to an affiliate of TME. In the second transaction, an affiliate of Tencent purchased ordinary shares of Spotify through a secondary purchase. Following these transactions, Spotify holds a minority stake in TME, and
both Tencent and TME indirectly hold minority stakes in Spotify. In connection with the transactions, affiliates of TME and Tencent agreed not to transfer ordinary shares of Spotify for a period of three years from December 15, 2017, subject to
limited exceptions, including transfers with Spotify&#146;s prior consent; transfers to certain permitted transferees; transfers pursuant to a tender offer or exchange offer recommended by Spotify&#146;s board of directors for a majority of
Spotify&#146;s issued and outstanding securities; transfers pursuant to mergers, consolidations, or other business combination transactions approved by Spotify&#146;s board of directors; transfers to Spotify or any of its subsidiaries; or transfers
that are necessary to avoid regulation as an &#147;investment company&#148; under the U.S. Investment Company Act of 1940, as amended. The transactions described herein are collectively referred to as the &#147;Tencent Transactions.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Tencent, which owns a majority stake in TME, is an operator of social networks in China. TME is an early mover in authorized digital music in
China, and provides digital music services to users including streaming, online live broadcasts, and karaoke services. Spotify believes the Tencent Transactions allow Spotify to invest in the long term potential of the music market in China and, in
turn, TME to invest in the long term potential of the music market outside of China. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the Tencent Transactions, in
December 2017, certain accredited investors holding a portion of our $1,000&nbsp;million in aggregate principal amount of convertible senior unsecured notes due 2021 (the &#147;Convertible Notes&#148;) exchanged $301 million of Convertible Notes,
plus accrued interest, for 120,000 ordinary shares pursuant to an exchange agreement (the &#147;Tencent Exchange&#148;) and subsequently sold such shares to an affiliate of Tencent as described above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In December 2017, we entered into an exchange agreement with accredited investors holding a portion of our Convertible Notes, pursuant to
which we exchanged an aggregate of $110 million of Convertible Notes, plus accrued interest, for an aggregate of 43,874 ordinary shares (the &#147;December Exchange&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We entered into an exchange agreement with accredited investors holding the remaining balance of our Convertible Notes, pursuant to which we
intend to exchange the aggregate remaining of $628 million of Convertible Notes, plus accrued interest, for an aggregate of 235,799 ordinary shares in January 2018. Pursuant to this exchange agreement, subject to certain conditions, if we fail to
list our ordinary shares on or prior to July&nbsp;2, 2018, we have agreed to offer to each noteholder the option to unwind the transaction such that we purchase back the shares that were issued to such noteholder pursuant to the exchange and we will
issue such noteholder a new note that is materially identical to its note prior to the exchange. </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

   <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following diagram illustrates our current simplified corporate structure for
Spotify and its significant subsidiaries (as defined in Rule <FONT STYLE="white-space:nowrap">1-02</FONT> of Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> of the U.S. Securities Act of 1933, as amended (the &#147;Securities Act&#148;)):
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g11v85.jpg" ALT="LOGO">
 </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_6"></A>SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following summary consolidated financial and other data should be read in conjunction with, and is qualified in its entirety by reference
to, the section of this prospectus entitled &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#148; and our consolidated financial statements and the notes thereto included elsewhere in this prospectus.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The summary consolidated financial and other data presented for the years ended December&nbsp;31, 2015 and 2016 and as of
December&nbsp;31, 2016 has been derived from our consolidated financial statements and the notes thereto included elsewhere in this prospectus. We prepared our consolidated financial statements in accordance with a full retrospective application of
IFRS 15. As such, these consolidated financial statements will comply with IFRS as issued by the IASB upon our issuance of consolidated financial statements for the year ended December&nbsp;31, 2017. Please read Note 2 to the consolidated financial
statements included elsewhere in this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our historical results for any prior period are not necessarily indicative of results
expected in any future period. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in &#128; millions, except key<BR>performance indicators,<BR>share, and per share data)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="8"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Consolidated Statement of Operations Data:</B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,940</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,714</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">401</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Research and development</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General and administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">461</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(349</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(336</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share in earnings of associates and joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance income/(costs)&#151;net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(186</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss before tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(225</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(535</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss attributable to owners of the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss per share attributable to owners of the parent:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Basic and diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">(64.81</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">(145.31</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Weighted-average ordinary shares outstanding</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Basic and diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,548,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,709,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Consolidated Statement of Cash Flows Data:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flows (used in)/from operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flows used in investing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(827</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flow from financing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">916</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net increase in cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">371</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Selected Other Data (unaudited):</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">EBITDA<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(205</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(311</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Free Cash Flow<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(92</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Key Performance Indicators
(unaudited)<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MAUs, in millions<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium Subscribers, in millions<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium ARPU<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">6.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">6.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Content Hours, in billions<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium Churn<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR></TABLE>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Three months<BR>ended<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium ARPU<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">7.06</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">6.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Content Hours, in billions<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium Churn<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of</B><br><B>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance Sheet Data:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">755</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Working capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">689</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total (deficit) attributable to owners of the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(240</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>We define EBITDA as net loss attributable to owners of the parent before finance income/(costs)&#151;net, income tax expense, and depreciation and amortization. We
believe EBITDA is useful to our management and investors as a measure of comparative operating performance from period to period and among companies as it is reflective of changes in pricing decisions, cost controls, and other factors that affect
operating performance, and it removes the effect of items not directly resulting from our core operations. We believe that EBITDA also is useful to investors because this metric is frequently used by securities analysts, investors, and other
interested parties in their evaluation of the operating performance of companies in the technology industry and other industries similar to ours. Our management also uses EBITDA for planning purposes, including the preparation of our annual
operating budget and financial projections. EBITDA has limitations as an analytical tool. EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Additionally, EBITDA is not
intended to be a measure of discretionary cash to invest in the growth of our business, as it does not reflect tax payments, debt service requirements, capital expenditures, and certain other cash costs that may recur in the future. Management
compensates for these limitations by relying on our results reported under IFRS as issued by IASB in addition to using EBITDA supplementally. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:Times New Roman">We define &#147;Free Cash Flow&#148; as net cash flows (used in)/from operating activities less capital expenditures and change in restricted
cash. We believe Free Cash Flow is a useful supplemental financial measure for us and investors in assessing our ability to pursue business opportunities and investments and to service our debt. Free Cash Flow is not a measure of our liquidity under
IFRS and should not be considered as an alternative to net cash flows (used in)/from operating activities. </P>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">


<div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P></div><br clear="All">
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px; MARGIN-RIGHT:0px;max-width:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:Times New Roman">EBITDA and Free Cash Flow are <FONT STYLE="white-space:nowrap">non-IFRS</FONT> measures and
are not a substitute for IFRS measures in assessing our overall financial performance. Because EBITDA and Free Cash Flow are not measurements determined in accordance with IFRS, and are susceptible to varying calculations, it may not be comparable
to other similarly titled measures presented by other companies. You should not consider EBITDA and Free Cash Flow in isolation, or as a substitute for an analysis of our results as reported on our consolidated financial statements appearing
elsewhere in this prospectus. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:Times New Roman">Set forth below is a reconciliation of EBITDA to net loss attributable to owners of the parent and a
reconciliation of Free Cash Flow to net cash flows (used in)/from operating activities, in each case, for the periods presented: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:Times New Roman">EBITDA:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net loss attributable to owners of the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Finance (income)/costs&#151;net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Income tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">EBITDA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(205</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(311</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:Times New Roman">Free Cash Flow: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Net cash flows (used in)/from operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Capital expenditures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(44</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Change in restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Free Cash Flow</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(92</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>See &#147;Management&#146;s Discussion and Analysis of Financial Condition and Operating Results&#151;Key Performance Indicators,&#148; &#147;Risk Factors&#151;Risks
Related to Our Business&#151;Our User metrics and other estimates are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may seriously harm and negatively affect our reputation and our business&#148;
and &#147;&#151;We are at risk of artificial manipulation of stream counts and failure to effectively manage and remediate such fraudulent streams could have an adverse impact on our business, operating results, and financial condition. Fraudulent
streams and potentially associated fraudulent User accounts or artists may cause us to overstate key performance indicators, which once discovered, corrected, and disclosed, could undermine investor confidence in the integrity of our metrics and
could cause our stock price to drop significantly.&#148; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Monthly active users (&#147;MAUs&#148;) refers to the total count of Ad-Supported Users and Premium Subscribers that have consumed content for greater than zero
milliseconds in the last thirty days from the <FONT STYLE="white-space:nowrap">period-end</FONT> indicated. Reported MAUs may overstate the number of unique individuals who actively use our Service within a
<FONT STYLE="white-space:nowrap">thirty-day</FONT> period as one individual may register for, and use, multiple accounts. Fraud also may contribute, from time to time, to an overstatement of MAUs. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"></SUP><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We define Premium Subscribers as Users that have completed registration with Spotify and have activated a payment method for Premium Service. Our Premium Subscribers include all registered accounts in our Family Plan.
Our Family Plan consists of one primary subscriber and up to five additional sub-accounts, allowing up to six Premium Subscribers per Family Plan subscription. Premium Subscribers includes subscribers who are within a grace period of up to 30 days
after failing to pay their subscription fee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Average revenue per Premium User (&#147;Premium ARPU&#148;) is a monthly measure defined as Premium revenue recognized in the quarter indicated divided by average
daily Premium Subscribers in such quarter, which is then divided by three months. Annual figures are calculated by averaging Premium ARPU for the four quarters in such fiscal year. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Content hours (&#147;Content Hours&#148;) refers to the aggregate number of hours Users spent consuming audio and video content on Spotify for the period indicated.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Premium churn (&#147;Premium Churn&#148;) is a monthly measure defined as Premium Subscriber cancellations in the quarter indicated divided by the average number of daily Premium Subscribers in such quarter, which is
then divided by three months. Annual figures are calculated by averaging Premium Churn for the four quarters in such fiscal year. </TD></TR></TABLE>
</div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_7"></A>RISK FACTORS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">An investment in our ordinary shares involves a high degree of risk. You should carefully read and consider the following risks, along with
the other information included in this prospectus. If any of the following risks actually occurs, our business, results of operations, financial condition, and cash flow could be materially impaired. The public price of our ordinary shares could
decline due to any of these risks, and you could lose all or part of your investment. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Risks Related to Our Business </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>If our efforts to attract prospective Users and to retain existing Users are not successful, our growth prospects and revenue will be
adversely affected. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ability to grow our business and generate revenue depends on retaining and expanding our total User base,
increasing advertising revenue by effectively monetizing our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> User base, and increasing the number of Premium Subscribers. We must convince prospective Users of the benefits of our Service and our
existing Users of the continuing value of our Service. Our ability to attract new Users, retain existing Users, and convert <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users to Premium Subscribers depends in large part on our ability to
continue to offer leading technologies and products, compelling content, superior functionality, and an engaging user experience. As consumer tastes and preferences change on the internet and with mobile devices and other internet-connected
products, we will need to enhance and improve our existing Service, introduce new services and features, and maintain our competitive position with additional technological advances and an adaptable platform. If we fail to keep pace with
technological advances or fail to offer compelling product offerings and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">state-of-the-art</FONT></FONT></FONT> delivery platforms to meet consumer
demands, our ability to grow or sustain the reach of our Service, attract and retain Users, and increase our Premium Subscribers may be adversely affected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, in order to increase our advertising revenue, we also seek to increase the listening time that our
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users spend on our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service. The more content we stream under the <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service, the more
advertising inventory we have to sell. Further, growth in our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> User base increases the size and scope of user pools targeted by advertisers, which improves our ability to deliver relevant
advertising to those Users in a manner that maximizes our advertising customers&#146; return on investment and, ultimately, demonstrates the effectiveness of our advertising solutions and justifies a pricing structure that is advantageous for us. If
we fail to grow our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> User base, the amount of content streamed, and the listening time spent by our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users, we may be unable to grow Ad-Supported
revenue. Moreover, given that Premium Subscribers primarily are sourced from the conversion of Users on our Ad-Supported Service to the Premium Service, any failure to grow our Ad-Supported Users or convert Ad-Supported Users to Premium Subscribers
may negatively impact our revenue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to increase our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users and our Premium
Subscribers we will need to address a number of challenges, including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">improving our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">providing Users with a consistently high-quality and user-friendly experience; </TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">continuing to curate a catalog of content that consumers want to engage with on our Service; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">continuing to innovate and keep pace with changes in technology and our competitors; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">maintaining and building our relationships with the makers of consumer products such as mobile devices. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We may not be able to successfully overcome each challenge, which could have a material adverse effect on our business, operating results, and
financial condition. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, the provisions of certain of our license agreements may require consent to
implement improvements to, or otherwise change, our Ad-Supported Service. We may not be able to obtain consent from our rights holders to add additional features and functionality to our Ad-Supported Service or our rights holders may be delayed in
providing such consent, which may hinder our ability to be responsive to our Ad-Supported User&#146;s tastes and preferences and may make us less competitive with other services. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We depend upon third-party licenses for sound recordings and musical compositions and an adverse change to, loss of, or claim that we do
not hold any necessary licenses may materially adversely affect our business, operating results, and financial condition. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To
secure the rights to stream sound recordings and the musical compositions embodied therein, we enter into license agreements to obtain licenses from rights holders such as record labels, music publishers, performing rights organizations, collecting
societies, and other copyright owners or their agents, and pay royalties to such parties or their agents around the world. Though we work diligently in our efforts to obtain all necessary licenses to stream sound recordings and the musical
compositions embodied therein, there is no guarantee that the licenses available to us now will continue to be available in the future at rates and on terms that are favorable or commercially reasonable or at all. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We enter into license agreements to obtain rights to stream sound recordings, including from the major record labels who hold the rights to
stream a significant number of sound recordings&#151;Universal Music Group, Sony Music Entertainment, and Warner Music Group&#151;as well as Music and Entertainment Rights Licensing Independent Network (&#147;Merlin&#148;), which represents the
digital rights on behalf of numerous independent record labels. If we fail to obtain these licenses, the size and quality of our catalog may be materially impacted and our business, operating results, and financial condition could be materially
harmed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We generally obtain licenses for two types of rights with respect to musical compositions: mechanical rights and public
performance rights. With respect to mechanical rights, for example, in the United States, the rates we pay are, to a significant degree, a function of a ratemaking proceeding conducted by an administrative agency called the Copyright Royalty Board.
The rates that the Copyright Royalty Board sets apply both to compositions that we license under the compulsory license in Section&nbsp;115 of the Copyright Act of 1976 (the &#147;Copyright Act&#148;), and to a number of direct licenses that we have
with music publishers for U.S. rights, in which the applicable rate is generally pegged to the statutory rate set by the Copyright Royalty Board. The current rate structure for the Section&nbsp;115 compulsory license expires at the end of 2017. The
Copyright Royalty Board has commenced proceedings to set the rates for the Section&nbsp;115 compulsory license for calendar years 2018 to 2022 (the &#147;Phonorecords III Proceedings&#148;), and we are a participant in the Phonorecords III
Proceedings. The Phonorecords III Proceedings commenced in 2016 and the Copyright Royalty Board has not yet issued its determination. The rates established by the Copyright Royalty Board in the Phonorecords III Proceedings may be higher, lower, or
the same as the rates currently in effect and may be structured materially differently from the rates currently in effect. If the Phonorecords III Proceedings yield rates that exceed the rates that are currently in place or make any changes to other
terms that are unfavorable to us, our content acquisition costs may significantly increase and our ability to obtain content could be affected, which could materially harm our business, operating results, and financial condition, hinder our ability
to provide features or content in our Service, including our ability to provide interactive streaming on our Service, or cause our Service not to be economically viable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the United States, public performance rights are generally obtained through intermediaries known as performing rights organizations
(&#147;PROs&#148;), which negotiate blanket licenses with copyright users for the public performance of compositions in their repertory, collect royalties under such licenses, and distribute those royalties to copyright owners. The royalty rates
available to us today may not be available to us in the future. Licenses provided by two of these PROs, the American Society of Composers, Authors and Publishers </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
(&#147;ASCAP&#148;) and Broadcast Music, Inc. (&#147;BMI&#148;) are governed by consent decrees relating to <FONT STYLE="white-space:nowrap">decades-old</FONT> litigations. Changes to the terms
of or interpretation of these consent decrees could affect our ability to obtain licenses from these PROs on favorable terms, which could harm our business, operating results, and financial condition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In other parts of the world, including Europe, Asia, and Latin America, we obtain mechanical and performance licenses for musical compositions
either through local collecting societies representing publishers or from publishers directly. In many countries, the local collecting societies do not, as a matter of law, have an absolute right to license on behalf of all compositions within that
country. Accordingly, we cannot guarantee that our licenses with such collecting societies provide full coverage for all of the musical compositions we make available to our Users in those countries. In Asia and Latin America, we are seeing a trend
of movement away from blanket licenses from copyright collectives, which is leading to a fragmented copyright licensing landscape. Publishers&#146; choosing not to be represented by collecting societies could adversely impact our ability to secure
favorable licensing arrangements in connection with musical compositions that such publishers own or control, including increasing the costs of licensing such musical compositions, or subjecting us to significant liability for copyright
infringement. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There also is no guarantee that we have all of the licenses we need to stream content, as the process of obtaining
such licenses involves many rights holders, some of who are unknown, and myriad complex legal issues across many jurisdictions, including open questions of law as to when and whether particular licenses are needed. Additionally, there is a risk that
aspiring rights holders, their agents, or legislative or regulatory bodies will create or attempt to create new rights that could require us to enter into license agreements with, and pay royalties to, newly defined groups of rights holders, some of
which may be difficult or impossible to identify. See also &#147;&#151;Difficulties in obtaining accurate and comprehensive information necessary to identify the compositions embodied in sound recordings on our Service and the ownership thereof may
impact our ability to perform our obligations under our licenses, may affect the size of our catalog, may impact our ability to control content acquisition costs, and may lead to potential copyright infringement claims.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Even when we are able to enter into license agreements with rights holders, we cannot guarantee that such agreements will continue to be
renewed indefinitely. For example, from time to time, our license agreements with certain rights holders and/or their agents may expire while we negotiate their renewals and, per industry custom and practice, we may enter into brief (for example,
month-, week-, or even days-long) extensions of those agreements and/or continue to operate as if the license agreement had been extended, including by our continuing to make music available. During these periods, we may not have assurance of
long-term access to such rights holders&#146; content, which could have a material adverse effect on our business and could lead to potential copyright infringement claims. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">It also is possible that such agreements will never be renewed at all. The lack of renewal, or termination, of one or more of our license
agreements, or the renewal of a license agreement on less favorable terms, also could have a material adverse effect on our business, financial condition, and results of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We have no control over the providers of our content, and our business may be adversely affected if our access to music is limited or
delayed. The concentration of control of content by our major providers means that even one entity, or a small number of entities working together, may unilaterally affect our access to music and other content. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We rely on music rights holders, over whom we have no control, for the content we make available on our Service. We cannot guarantee that these
parties will always choose to license to us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The music industry has a high level of concentration, which means that one or a small number
of entities may, on their own, take actions that adversely affect our business. For example, with respect to sound recordings, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the music licensed to us under our agreements with Universal Music Group, Sony Music Entertainment, Warner Music Group, and Merlin, makes up the majority of music consumed on our Service. For the
year ended December&nbsp;31, 2016, this content accounted for approximately 88% of streams. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our business may be adversely affected if our
access to music is limited or delayed because of deterioration in our relationships with one or more of these rights holders or if they choose not to license to us for any other reason. Rights holders also may attempt to take advantage of their
market power to seek onerous financial terms from us, which could have a material adverse effect on our financial condition and results of operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Even if we are able to secure rights to sound recordings from record labels and other copyright owners, artists and/or artist groups may
object and may exert public or private pressure on third parties to discontinue licensing rights to us, hold back content from us, or increase royalty rates. As a result, our ability to continue to license rights to sound recordings is subject to
convincing a broad range of stakeholders of the value and quality of our Service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To the extent that we are unable to license a large
amount of content or the content of certain popular artists, our business, operating results, and financial condition could be materially harmed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We have incurred significant operating losses in the past, and we may not be able to generate sufficient revenue to be profitable, or to
generate positive cash flow on a sustained basis. In addition, our revenue growth rate may decline. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since our inception in April
2006, we have incurred significant operating losses and as of December&nbsp;31, 2016, had an accumulated deficit of &#128;(1,192) million. For the years ended December&nbsp;31, 2015 and 2016, our operating losses were &#128;(235)&nbsp;million and
&#128;(349)&nbsp;million, respectively. We have incurred significant costs to license content and continue to pay royalties to music labels, publishers, and other copyright owners for such content. We cannot assure you that we will generate
sufficient revenue from the sale of our Premium Service and advertising for our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service to offset the cost of our content and these royalty expenses. If we cannot successfully earn revenue at a
rate that exceeds the operational costs, including royalty expenses, associated with our Service, we will not be able to achieve or sustain profitability or generate positive cash flow on a sustained basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">From 2015 to 2016, our total revenue grew from &#128;1,940&nbsp;million to &#128;2,952&nbsp;million, which represents an increase of 52%. We
expect that, in the future, our revenue growth rate may decline because of a variety of factors, including increased competition and the maturation of our business. We cannot assure you that our revenue will continue to grow or will not decline. You
should not consider our historical revenue growth or operating expenses as indicative of our future performance. If our revenue growth rate declines or our operating expenses exceed our expectations, our financial performance will be adversely
affected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, we also expect our costs to increase in future periods, which could negatively affect our future operating
results and ability to achieve profitability. We expect to continue to expend substantial financial and other resources on: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">securing top quality audio and video content from leading music labels, distributors, aggregators, as well as the publishing right to the underlying musical compositions; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">creating new forms of original content; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our technology infrastructure, including website architecture, development tools, scalability, availability, performance, security, and disaster recovery measures; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">research and development, including investments in our research and development team and the development of new features; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">sales and marketing, including a significant expansion of our field sales organization; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">international expansion in an effort to increase our member base, engagement, and sales; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">general administration, including legal and accounting expenses, related to being a public company. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">These investments may not result in increased revenue or growth in our business. If we fail to continue to grow our revenue and overall
business, our business, operating results, and financial condition would be harmed. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We are a party to many license agreements which
are complex and impose numerous obligations upon us which may make it difficult to operate our business and a breach of such agreements could adversely affect our business, operating results, and financial condition. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Many of our license agreements are complex and impose numerous obligations on us, including obligations to, among other things: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">meet certain User and conversion targets in order to secure certain licenses and royalty rates; </TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">calculate and make payments based on complex royalty structures, which requires tracking usage of content on our Service that may have inaccurate or incomplete metadata necessary for such calculation; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">provide periodic reports on the exploitation of the content in specified formats; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">represent that we will obtain all necessary publishing licenses and consents and pay all associated fees, royalties, and other amounts due for the licensing of musical compositions; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">provide advertising inventory; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">comply with certain marketing and advertising restrictions; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">comply with certain security and technical specifications. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Many of our license agreements
grant the licensor the right to audit our compliance with the terms and conditions of such agreements. Some of our license agreements also include <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;most favored nations&#148; provisions which
require that certain terms (including potentially the material terms) of such agreements are no less favorable than that provided to any similarly situated licensor. If triggered, these most favored nations provisions could cause our payments or
other obligations under those agreements to escalate substantially. Additionally, some of our license agreements require consent to undertake certain business initiatives and without such consent, our ability to undertake new business initiatives
may be limited. This could hurt our competitive position. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If we materially breach any of these obligations or any other obligations set
forth in any of our license agreements, or if we use content in ways that are found to exceed the scope of such agreements, we could be subject to monetary penalties and our rights under such license agreements could be terminated, either of which
could have a material adverse effect on our business, operating results, and financial condition. We have entered into settlement agreements requiring us to make substantial payments in the past, and may do so in the future, as a result of claims
that we are in breach of certain provisions in, or have exceeded the scope of, our license agreements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our royalty payment scheme
is complex, and it is difficult to estimate the amount payable under our license agreements. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under our license agreements and
relevant statutes, we must pay a royalty to record labels, music publishers, and other copyright owners in order to stream content. The determination of the amount and timing of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
such payments is complex and subject to a number of variables, including the revenue generated, the type of content streamed and the country in which it is streamed, the service tier such content
is streamed on, identification of the appropriate license holder, size of User base, ratio of <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users to Premium Subscribers, and any applicable advertising fees and discounts, among other
variables. Additionally, we have certain arrangements whereby royalty costs are paid in advance or are subject to minimum guaranteed amounts. An accrual is estimated when actual royalty costs to be incurred during a contractual period are expected
to fall short of the minimum guaranteed amount. Moreover, for minimum guarantee arrangements for which we cannot reliably predict the underlying expense, we will expense the minimum guarantee on a straight-line basis over the term of the
arrangement. Additionally, we also have license agreements that include <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;most favored nations&#148; provisions that require that the material terms of such agreements are the most favorable
material terms provided to any music licensor, which, if triggered, could cause our royalty payments under those agreements to escalate substantially. An accrual and expense is recognized when it is probable that we will make additional royalty
payments under these terms. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Though we are continually assessing the internal controls and systems we use to determine royalties
payable, because determining royalties payable is so complex, we have in the past and may in the future identify material weaknesses in our internal controls relating to our royalty payments. For example, for the year ended December&nbsp;31, 2015,
we identified a material weakness in our internal control over financial reporting related to the accounting for rights holders&#146; liabilities. As a result, we may underpay or overpay the royalty amounts payable to record labels, music
publishers, and other copyright owners. Underpayment could result in (i)&nbsp;litigation or other disputes with record labels, music publishers, and other copyright owners, (ii)&nbsp;the unexpected payment of additional royalties in material
amounts, and (iii)&nbsp;damage to our business relationships with record labels, music publishers, other copyright owners, and artists and/or artist groups. If we overpay royalties, we may be unable to reclaim such overpayments, and our profits will
suffer. Failure to accurately pay our royalties may adversely affect our business, operating results, and financial condition. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Minimum guarantees required under certain of our license agreements for sound recordings and underlying musical compositions may limit
our operating flexibility and may adversely affect our business, operating results, and financial condition. </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Certain of our
license agreements for sound recordings and musical compositions (both for mechanical rights and public performance rights) contain minimum guarantees and/or require that we make minimum guarantee payments. As of September&nbsp;30, 2017, we have
estimated future minimum guarantee commitments of &#128;2.0&nbsp;billion. Such minimum guarantees related to our content acquisition costs are not always tied to our number of Users, active Users, Premium Subscribers, or the number of sound
recordings and musical compositions used on our Service. Accordingly, our ability to achieve and sustain profitability and operating leverage on our Service in part depends on our ability to increase our revenue through increased sales of Premium
Services and advertising sales on terms that maintain an adequate gross margin. The duration of our license agreements, which contain the minimum guarantees, is typically between one and two years, but our Premium Subscribers may cancel their
subscription at any time. If our forecasts of Premium Subscriber acquisition do not meet our expectations or the number of our Premium Subscribers or advertising sales decline significantly during the term of our license agreements, our margins may
be materially and adversely affected. To the extent our Premium Service revenue growth or advertising sales do not meet our expectations, our business, operating results, and financial condition also could be adversely affected as a result of such
minimum guarantees. In addition, the fixed cost nature of these minimum guarantees may limit our flexibility in planning for, or reacting to, changes in our business and the market segments in which we operate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We rely on estimates of the market share of licensable content controlled by each content provider, as well as our own User growth and
forecasted advertising revenue, to forecast whether such minimum guarantees could be recouped against our actual content acquisition costs incurred over the duration of the license agreement. To </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the extent that these revenue and/or market share estimates underperform relative to our expectations, leading to content acquisition costs that do not exceed such minimum guarantees, our margins
may be materially and adversely affected. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Difficulties in obtaining accurate and comprehensive information necessary to identify
the compositions embodied in sound recordings on our Service and the ownership thereof may impact our ability to perform our obligations under our licenses, may affect the size of our catalog, may impact our ability to control content acquisition
costs, and may lead to potential copyright infringement claims. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Comprehensive and accurate ownership information for the musical
compositions embodied in sound recordings is often unavailable to us or difficult for us to obtain, and is sometimes withheld by the owners or administrators of such rights. We currently rely on the assistance of third parties to determine this
information. If the information provided to us or obtained by such third parties does not comprehensively or accurately identify the ownership of musical compositions, or if we are unable to determine which musical compositions correspond to
specific sound recordings, it may be difficult to identify the appropriate rights holders to whom to pay royalties and to comply with the obligations of any agreements with those rights holders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the United States, we also rely on the assistance of third parties to provide notices of intent (&#147;NOIs&#148;) to obtain a compulsory
license under Section&nbsp;115 of the Copyright Act to those copyright owners with whom we do not have a direct license agreement or, in the case of unknown copyright owners, to the United States Copyright Office. The lack of comprehensive and
accurate ownership information or the inability to determine which musical compositions correspond to specific sound recordings can cause difficulties in providing NOIs to the correct parties (including the United States Copyright Office) or serving
NOIs in a timely manner and can otherwise cause difficulties in obtaining licenses. This could lead to a reduction of sound recordings available to be streamed on our Service, adversely impacting our ability to retain and expand our User base, and
could make it difficult to ensure that we are fully licensed. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">These challenges, and others concerning the licensing of musical
compositions embodied in sound recordings on our Service, may subject us to significant liability for copyright infringement, breach of contract, or other claims. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>If our security systems are breached, we may face civil liability, and public perception of our security measures could be diminished,
either of which would negatively affect our ability to attract and retain Premium Subscribers, <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users, advertisers, content providers, and other business partners. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Techniques used to gain unauthorized access to data and software are constantly evolving, and we may be unable to anticipate or prevent
unauthorized access to data pertaining to our Users, including credit card and debit card information and other personal data about our Users, business partners, and employees. Like all internet services, our Service, which is supported by our own
systems and those of third parties that we work with, is vulnerable to software bugs, computer viruses, internet worms, <FONT STYLE="white-space:nowrap">break-ins,</FONT> phishing attacks, attempts to overload servers with <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">denial-of-service,</FONT></FONT> or other attacks and similar disruptions from unauthorized use of our and third-party computer systems, any of which could lead to system interruptions,
delays, or shutdowns, causing loss of critical data or the unauthorized access to personal data. Computer malware, viruses, and computer hacking and phishing attacks have become more prevalent in our industry, have occurred on our systems in the
past, and may occur on our systems in the future. Because of our prominence, we believe that we are a particularly attractive target for such attacks. Though it is difficult to determine what, if any, harm may directly result from any specific
interruption or attack, any failure to maintain performance, reliability, security, and availability of our products and technical infrastructure to the satisfaction of our Users may harm our reputation and our ability to retain existing Users and
attract new Users. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, if an actual or perceived breach of security occurs to our systems or a third party&#146;s systems,
we may face regulatory or civil liability and public perception of our security measures could be diminished, either </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
of which would negatively affect our ability to attract and retain Users, which in turn would harm our efforts to attract and retain advertisers, content providers, and other business partners.
We also would be required to expend significant resources to mitigate the breach of security and to address matters related to any such breach. We also may be required to notify regulators about any actual or perceived personal data breach
(including the EU Lead Data Protection Authority) as well as the individuals who are affected by the incident within strict time periods. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any failure, or perceived failure, by us to maintain the security of data relating to our Users, to comply with our posted privacy policy,
laws and regulations, rules of self-regulatory organizations, industry standards, and contractual provisions to which we may be bound, could result in the loss of confidence in us, or result in actions against us by governmental entities or others,
all of which could result in litigation and financial losses, and could potentially cause us to lose Users, advertisers, and revenues. In Europe, European Data Protection Authorities could impose fines and penalties of up to 4% of annual global
turnover or &#128;20&nbsp;million, whichever is higher, for a personal data breach. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Assertions by third parties of
infringement or other violation by us of their intellectual property rights could harm our business, operating results, and financial condition. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Third parties have asserted, and may in the future assert, that we have infringed, misappropriated, or otherwise violated their copyrights,
patents, and other intellectual property rights, and as we face increasing competition, the possibility of intellectual property rights claims against us grows. See &#147;Business&#151;Legal Proceedings.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ability to provide our Service is dependent upon our ability to license intellectual property rights to sound recordings and the musical
compositions embodied therein, as well as related content such as album cover art and artist images. Various laws and regulations govern the copyright and other intellectual property rights associated with sound recordings and musical compositions.
Existing laws and regulations are evolving and subject to different interpretations, and various legislative or regulatory bodies may expand current or enact new laws or regulations. Although we expend significant resources to seek to comply with
the statutory, regulatory, and judicial frameworks by, for example, entering into license agreements, we cannot assure you that we are not infringing or violating any third-party intellectual property rights, or that we will not do so in the future.
See &#147;&#151;Difficulties in obtaining accurate and comprehensive information necessary to identify the compositions embodied in sound recordings on our Service and the ownership thereof may impact our ability to perform our obligations under our
licenses, may affect the size of our catalog, may impact our ability to control content acquisition costs, and may lead to potential copyright infringement claims.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, music, internet, technology, and media companies are frequently subject to litigation based on allegations of infringement,
misappropriation, or other violations of intellectual property rights. Many companies in these industries, including many of our competitors, have substantially larger patent and intellectual property portfolios than we do, which could make us a
target for litigation as we may not be able to assert counterclaims against parties that sue us for patent, or other intellectual property infringement. In addition, various <FONT STYLE="white-space:nowrap">&#147;non-practicing</FONT> entities&#148;
that own patents and other intellectual property rights often attempt to aggressively assert claims in order to extract value from technology companies. Further, from time to time we may introduce new products and services, including in territories
where we currently do not have an offering, which could increase our exposure to patent and other intellectual property claims from competitors and <FONT STYLE="white-space:nowrap">non-practicing</FONT> entities. It is difficult to predict whether
assertions of third-party intellectual property rights or any infringement or misappropriation claims arising from such assertions will substantially harm our business, operating results, and financial condition. If we are forced to defend against
any infringement or misappropriation claims, whether they are with or without merit, are settled out of court, or are determined in our favor, we may be required to expend significant time and financial resources on the defense of such claims.
Furthermore, an adverse outcome </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
of a dispute may require us to pay significant damages, which may be even greater if we are found to have willfully infringed upon a party&#146;s intellectual property; cease exploiting
copyrighted content that we have previously had the ability to exploit; cease using solutions that are alleged to infringe or misappropriate the intellectual property of others; expend additional development resources to redesign our solutions;
enter into potentially unfavorable royalty or license agreements in order to obtain the right to use necessary technologies, content, or materials; indemnify our partners and other third parties; and/or take other actions that may have material
effects on our business, operating results, and financial condition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, we rely on multiple software programmers to design our
proprietary technologies, and we regularly contribute software source code under &#147;open source&#148; licenses and have made technology we developed available under open source licenses. Although we make every effort to prevent the incorporation
of licenses that would require us to disclose code and/or innovations in our products, we do not exercise complete control over the development efforts of our programmers, and we cannot be certain that our programmers have not used software that is
subject to such licenses or that they will not do so in the future. In the event that portions of our proprietary technology are determined to be subject to licenses that require us to publicly release the affected portions of our source code, <FONT
STYLE="white-space:nowrap">re-engineer</FONT> a portion of our technologies, or otherwise be limited in the licensing of our technologies, we may be forced to do so, each of which could materially harm our business, operating results, and financial
condition. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Finally, some of the content offered on our Service is generated by our Users, subjecting us to heightened risk of claims
of intellectual property infringement by third-parties if Users do not obtain the appropriate authorizations from rights holders. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Failure to protect our intellectual property could substantially harm our business, operating results, and financial condition.
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The success of our business depends on our ability to protect and enforce our patents, trade secrets, trademarks, copyrights, and
all of our other intellectual property rights, including our intellectual property rights underlying our Service. We attempt to protect our intellectual property under patent, trade secret, trademark, and copyright law through a combination of
employee, third-party assignment and nondisclosure agreements, other contractual restrictions, technological measures, and other methods. These afford only limited protection and we are still early in the process of securing our intellectual
property rights. Despite our efforts to protect our intellectual property rights and trade secrets, unauthorized parties may attempt to copy aspects of our song recommendation technology or other technology, or obtain and use our trade secrets and
other confidential information. Moreover, policing our intellectual property rights is difficult and time consuming. We cannot assure you that we would have adequate resources to protect and police our intellectual property rights, and we cannot
assure you that the steps we take to do so will always be effective. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have filed, and may in the future file, patent applications on
certain of our innovations. It is possible, however, that these innovations may not be patentable. In addition, given the cost, effort, risks, and downside of obtaining patent protection, including the requirement to ultimately disclose the
invention to the public, we may choose not to seek patent protection for some innovations. Furthermore, our patent applications may not issue as granted patents, the scope of the protection gained may be insufficient or an issued patent may be
deemed invalid or unenforceable. We also cannot guarantee that any of our present or future patents or other intellectual property rights will not lapse or be invalidated, circumvented, challenged, or abandoned. Neither can we guarantee that our
intellectual property rights will provide competitive advantages to us. Our ability to assert our intellectual property rights against potential competitors or to settle current or future disputes could be limited by our relationships with third
parties; any of our pending or future patent applications may not have the scope of coverage originally sought. We cannot guarantee that our intellectual property rights will be enforced in jurisdictions where competition may be intense or where
legal protection may be weak. We could lose both the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
ability to assert our intellectual property rights against, or to license our technology to, others and the ability to collect royalties or other payments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We currently own the www.spotify.com internet domain name and various other related domain names. Internet regulatory bodies generally
regulate domain names. If we lose the ability to use a domain name in a particular country, we would be forced either to incur significant additional expenses to market our Service within that country or, in extreme cases, to elect not to offer our
Service in that country. Either result could harm our business, operating results, and financial condition. The regulation of domain names in the United States and in foreign countries is subject to change. Regulatory bodies could establish
additional <FONT STYLE="white-space:nowrap">top-level</FONT> domains, appoint additional domain name registrars, or modify the requirements for holding domain names. As a result, we may not be able to acquire or maintain the domain names that
utilize our brand names in the United States or other countries in which we may conduct business in the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Litigation or proceedings
before governmental authorities and administrative bodies may be necessary in the future to enforce our intellectual property rights, to protect our patent rights, trademarks, trade secrets, and domain names and to determine the validity and scope
of the proprietary rights of others. Our efforts to enforce or protect our proprietary rights may be ineffective and could result in substantial costs and diversion of resources and management time, each of which could substantially harm our
operating results. Additionally, changes in law may be implemented, or changes in interpretation of such laws may occur, that may affect our ability to protect and enforce our patents and other intellectual property. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our User metrics and other estimates are subject to inherent challenges in measurement, and real or perceived inaccuracies in those
metrics may seriously harm and negatively affect our reputation and our business. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We regularly review key metrics related to the
operation of our business, including, but not limited to, our Content Hours, Content Hours Per MAU, MAUs, Premium ARPU, Premium Churn, and Premium Subscribers, to evaluate growth trends, measure our performance, and make strategic decisions. These
metrics are calculated using internal company data and have not been validated by an independent third party. While these numbers are based on what we believe to be reasonable estimates of our User base for the applicable period of measurement,
there are inherent challenges in measuring how our Service is used across large populations globally. For example, we believe that there are individuals who have multiple Spotify accounts, which can result in an overstatement of MAUs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Errors or inaccuracies in our metrics or data could result in incorrect business decisions and inefficiencies. For instance, if a significant
understatement or overstatement of MAUs were to occur, we may expend resources to implement unnecessary business measures or fail to take required actions to attract a sufficient number of Users to satisfy our growth strategies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, advertisers generally rely on third-party measurement services to calculate our metrics, and these third-party measurement
services may not reflect our true audience. Some of our demographic data also may be incomplete or inaccurate because Users self-report their names and dates of birth. Consequently, the personal data we have may differ from our Users&#146; actual
names and ages. If advertisers, partners, or investors do not perceive our User, geographic, or other demographic metrics to be accurate representations of our User base, or if we discover material inaccuracies in our User, geographic, or other
demographic metrics, our reputation may be seriously harmed. See &#147;&#151;We rely on advertising revenue from our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service, and any failure to convince advertisers of the benefits of our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service in the future could harm our business, operating results, and financial condition&#148; and &#147;&#151;We are at risk of artificial manipulation of stream counts and failure to effectively
manage and remediate such fraudulent streams could have an adverse impact on our business, operating results, and financial condition. Fraudulent streams and potentially associated fraudulent User </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
accounts or artists may cause us to overstate key performance indicators, which once discovered, corrected, and disclosed, could undermine investor confidence in the integrity of our metrics and
could cause our stock price to drop significantly.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our business is subject to a variety of laws around the world. Government
regulation of the internet is evolving and any changes in government regulations relating to the internet or other areas of our business or other unfavorable developments may adversely affect our business, operating results, and financial condition.
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are an international company that is registered at the parent level under the laws of Luxembourg, and with offices and/or
operations in 61 countries around the world. As a result of this organizational structure and the scope of our operations, we are subject to a variety of laws in different countries. The scope and interpretation of the laws that are or may be
applicable to us are often uncertain and may be conflicting. It also is likely that if our business grows and evolves and our solutions are used more globally, we will become subject to laws and regulations in additional jurisdictions. It is
difficult to predict how existing laws will be applied to our business and the new laws to which we may become subject. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are subject to
general business regulations and laws, as well as regulations and laws specific to the internet. Such laws and regulations include, but are not limited to, labor, advertising and marketing, real estate, taxation, user privacy, data collection and
protection, intellectual property, anti-corruption, anti-money laundering, foreign exchange controls, antitrust and competition, electronic contracts, telecommunications, sales procedures, automatic subscription renewals, credit card processing
procedures, consumer protections, broadband internet access, and content restrictions. We cannot guarantee that we have been or will be fully compliant in every jurisdiction in which we are subject to regulation, as existing laws and regulations
governing issues such as intellectual property, privacy, taxation, and consumer protection, among others, are constantly changing. The adoption or modification of laws or regulations relating to the internet or other areas of our business could
limit or otherwise adversely affect the manner in which we currently conduct our business. For example, certain jurisdictions have implemented or are contemplating implementing laws which may negatively impact our automatic renewal structure or our
free or discounted trial incentives. Further, compliance with laws, regulations, and other requirements imposed upon our business may be onerous and expensive, and they may be inconsistent from jurisdiction to jurisdiction, further increasing the
cost of compliance and doing business. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, as internet commerce continues to evolve, increasing regulation by U.S. federal and
state agencies and other international regulators becomes more likely and may lead to more stringent consumer protection laws, which may impose additional burdens on us. The adoption of any laws or regulations that adversely affect the popularity or
growth in use of the internet, including laws limiting internet neutrality, could decrease User demand for our Service and increase our cost of doing business. Future regulations, or changes in laws and regulations or their existing interpretations
or applications, also could hinder our operational flexibility, raise compliance costs, and result in additional historical or future liabilities for us, resulting in material adverse impacts on our business, operating results, and financial
condition. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We identified material weaknesses in our internal control over financial reporting at December&nbsp;31, 2015 and
2016, and we may identify additional material weaknesses in the future that may cause us to fail to meet our reporting obligations or result in material misstatements of our financial statements. If we fail to remediate any material weaknesses or if
we otherwise fail to establish and maintain effective control over financial reporting, our ability to accurately and timely report our financial results could be adversely affected. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the audit of our financial statements for the year ended December&nbsp;31, 2015, we identified certain control deficiencies
in the design and operation of our internal control over financial reporting that constituted material weaknesses. A material weakness is a deficiency, or a combination of deficiencies, in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our financial statements will not be prevented or detected on a timely basis.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The material weaknesses resulted from (i)&nbsp;our technology access and change control environment not supporting an efficient or
effective internal controls framework, (ii)&nbsp;reconciliations and account analyses not being timely performed, (iii)&nbsp;the lack of review of manual journal entries, and (iv)&nbsp;inadequate segregation of duties in the procure to pay process.
We remediated these material weaknesses by hiring additional accounting and finance personnel, creating a formal <FONT STYLE="white-space:nowrap">month-end</FONT> close process, establishing more robust processes supporting internal control over
financial reporting, implementing formal access and change controls to our systems, making changes to our information technology systems, and implementing NetSuite, a more robust enterprise resource planning system. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, for the year ended December&nbsp;31, 2015, we identified a material weakness in our internal controls over the accounting for
rights holder liabilities. This remains a material weakness. In order to remediate this material weakness, we have hired and plan to continue to hire additional accounting, finance, system engineers, and data analysts. We have implemented, and plan
to continue to implement, new controls, new processes and technologies over the calculation, processing, reconciliations, and analysis of rights holder liabilities. In addition, we are planning to create a rights holder contracts compliance
function. We cannot assure you that the measures that we have taken to remediate, and that will be taken to remediate, this material weakness and prior material weaknesses will be sufficient to prevent future material weaknesses from occurring. We
also cannot assure you that we have identified all of our existing material weaknesses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Neither we nor our registered public accounting
firm have performed an assessment or audit, respectively, of our internal control over financial reporting during any period in accordance with the provisions of the Sarbanes-Oxley Act of 2002 (the &#147;Sarbanes-Oxley Act&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In light of the control deficiencies and the resulting material weaknesses that were previously identified as a result of the limited
procedures performed, we believe that it is possible that, had we and our registered public accounting firm performed an assessment or audit, respectively, of our internal control over financial reporting in accordance with the provisions of the
Sarbanes-Oxley Act, additional material weaknesses may have been identified. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If we identify future material weaknesses in our internal
control over financial reporting or fail to meet the demands that will be placed upon us as a public company, including the requirements of the Sarbanes-Oxley Act, we may be unable to accurately report our financial results, or report them within
the timeframes required by law or stock exchange regulations. Under Section&nbsp;404 of the Sarbanes-Oxley Act, we will be required to evaluate and determine the effectiveness of our internal control over financial reporting and provide a management
report as to internal control over financial reporting. Failure to maintain effective internal control over financial reporting also could potentially subject us to sanctions or investigations by the SEC or other regulatory authorities. We cannot
assure you that our existing material weakness will be remediated or that additional material weaknesses will not exist or otherwise be discovered, any of which could materially adversely affect our business, operating results, and financial
condition. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our business emphasizes rapid innovation and prioritizes long-term User engagement over short term financial
condition or results of operations. That strategy may yield results that sometimes do not align with the market&#146;s expectations. If that happens, our stock price may be negatively affected. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our business is growing and becoming more complex, and our success depends on our ability to quickly develop and launch new and innovative
products. We believe our culture fosters this goal. Our focus on complexity and quick reactions could result in unintended outcomes or decisions that are poorly received by our </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Users, advertisers, or partners. Our culture also prioritizes our long-term User engagement over short term financial condition or results of operations. We frequently make decisions that may
reduce our short term revenue or profitability if we believe that the decisions benefit the aggregate user experience and will thereby improve our financial performance over the long-term. These decisions may not produce the long-term benefits that
we expect, in which case, our User growth and engagement, our relationships with advertisers and partners, as well as our business, operating results, and financial condition could be seriously harmed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We depend on highly skilled key personnel to operate our business, and if we are unable to attract, retain, and motivate qualified
personnel, our ability to develop and successfully grow our business could be harmed. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe that our future success is highly
dependent on the talents and contributions of our senior management, including Daniel Ek, our Chief Executive Officer, members of our executive team, and other key employees, such as key engineering, finance, research and development, marketing, and
sales personnel. Our future success depends on our continuing ability to attract, develop, motivate, and retain highly qualified and skilled employees. All of our employees, including our senior management, are free to terminate their employment
relationship with us at any time, and their knowledge of our business and industry may be difficult to replace. Qualified individuals are in high demand, particularly in the digital media industry, and we may incur significant costs to attract them.
We use equity awards to attract talented employees. If the value of our ordinary shares declines significantly and remains depressed, that may prevent us from recruiting and retaining qualified employees. If we are unable to attract and retain our
senior management and key employees, we may not be able to achieve our strategic objectives, and our business could be harmed. In addition, we believe that our key executives have developed highly successful and effective working relationships. We
cannot ensure that we will be able to retain the services of any members of our senior management or other key employees. If one or more of these individuals leave, we may not be able to fully integrate new executives or replicate the current
dynamic, and working relationships that have developed among our senior management and other key personnel, and our operations could suffer. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Streaming depends on effectively working with third-party platforms, operating systems, online platforms, hardware, networks,
regulations, and standards we do not control. Changes in our Service or those operating systems, hardware, networks, regulations, or standards, and our limitations on our ability to access those platforms, operating systems, hardware, or networks
may seriously harm our business. </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Service requires high-bandwidth data capabilities. If the costs of data usage increase or
access to data networks is limited, our business may be seriously harmed. Additionally, to deliver high-quality audio, video, and other content over networks, our services must work well with a range of technologies, systems, networks, regulations,
and standards that we do not control. In addition, the adoption of any laws or regulations that adversely affect the growth, popularity, or use of the internet, including laws governing internet neutrality, could decrease the demand for our Service
and increase our cost of doing business. Previously, Federal Communications Commission (the &#147;FCC&#148;) &#147;open internet rules&#148; prohibited mobile providers in the United States from impeding access to most content, or otherwise unfairly
discriminating against content providers like us. These rules also prohibited mobile providers from entering into arrangements with specific content providers for faster or better access over their data networks. However, on December 14, 2017, the
FCC voted to repeal the &#147;open internet rules&#148; and as a result, broadband services are now subject to less U.S. federal regulation. If broadband providers in the United States decrease access to certain content, start entering into
arrangements with specific content providers for faster or better access over their data networks, or otherwise unfairly discriminate against content providers like us, this could increase our cost of doing business. Additionally, mobile providers
may be able to limit our Users&#146; ability to access Spotify or make Spotify a less attractive alternative to our competitors&#146; apps. If that occurs, our business, operating results, and financial condition would be seriously harmed. </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The European Union (the &#147;EU&#148;) currently requires equal access to internet
content. Additionally, as part of its Digital Single Market initiative, the EU may impose network security, disability access, or <FONT STYLE="white-space:nowrap">911-like</FONT> obligations on <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">&#147;over-the-top&#148;</FONT></FONT> services such as those provided by us, which could increase our costs. If the EU or the courts modify these open internet rules, mobile providers may be able to limit our Users&#146;
ability to access Spotify or make Spotify a less attractive alternative to our competitors&#146; apps. If that occurs, our business, operating results, and financial condition would be seriously harmed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We rely on a variety of operating systems, online platforms, hardware, and networks to reach our customers. These platforms range from desktop
and mobile operating systems and app stores to wearables and intelligent voice assistants. The owners or operators of these platforms may not share our interests and may restrict our access to them or place conditions on access that would materially
affect our ability to access those platforms. In particular, where the owner of a platform also is our direct competitor, the platform may attempt to use this position to affect our access to customers and ability to compete. For example, an online
platform might arbitrarily remove our Service from its platform, deprive us of access to business critical data, or engage in other harmful practices. Online platforms also may unilaterally impose certain requirements that negatively affect our
ability to convert Users to the Premium Service, such as conditions that limit our freedom to communicate promotions and offers to its customers. Similarly, online platforms may force us to use the platform&#146;s payment processing systems which
may be inferior to and more costly than other payment processing services available in the market. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Online platforms frequently
change the rules and requirements for services like ours to access the platform, and such changes may adversely affect the success or desirability of our Service. Online platforms may limit our access to information about customers, limiting our
ability to convert and retain them. Online platforms also may deny access to application programming interfaces (&#147;API&#148;) or documentation, limiting functionality of our Service on the platform. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There can be no assurance that we will be able to comply with the requirements of those operating systems, online platforms, hardware,
networks, regulations, and standards on which our Service depends, and failure to do so could result in serious harm to our business. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our Service and software are highly technical and may contain undetected software bugs, which could manifest in ways that could
seriously harm our reputation and our business. </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Service and software are highly technical and complex. Our Service,
Spotify Connect, which allows Users to use the Spotify app to transfer and control playback on speakers, receivers, TVs, cars, smart watches, other phones, tablets, computers, or game consoles, and Spotify for Artists, which provides numerous
analytics for artists, or any other products we may introduce in the future, may contain undetected software bugs, hardware errors, and other vulnerabilities. These bugs and errors can manifest in any number of ways in our products, including
through diminished performance, security vulnerabilities, malfunctions, or even permanently disabled products. We have a practice of rapidly updating our products and some errors in our products may be discovered only after a product has been used
by Users, and may in some cases be detected only under certain circumstances or after extended use. Any errors, bugs, or vulnerabilities discovered in our code after release could damage our reputation, drive away Users, lower revenue, and expose us
to damages claims, any of which could seriously harm our business. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, errors, bugs or other vulnerabilities may affect
our ability to make accurate royalty payments. See &#147;&#151;Our royalty payment scheme is complex, and it is difficult to estimate the amount payable under our license agreements.&#148; We also could face claims for product liability, tort, or
breach of warranty. Defending a lawsuit, regardless of its merit, is costly and may divert management&#146;s attention and seriously harm our reputation and our business. In addition, if our liability insurance coverage proves inadequate or future
coverage is unavailable on acceptable terms or at all, our business could be seriously harmed. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Interruptions, delays or discontinuations in service arising from our own systems or
from third parties could impair the delivery of our Service and harm our business. </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We rely on systems housed in our own
facilities and upon third parties, including bandwidth providers and third-party &#147;cloud&#148; data storage services, to enable our Users to receive our content in a dependable, timely, and efficient manner. We have experienced and may in the
future experience periodic service interruptions and delays involving our own systems and those of third parties that we work with. Both our own facilities and those of third parties are vulnerable to damage or interruption from earthquakes, floods,
fires, power loss, telecommunications failures, and similar events. They also are subject to <FONT STYLE="white-space:nowrap">break-ins,</FONT> sabotage, intentional acts of vandalism, the failure of physical, administrative, technical, and cyber
security measures, terrorist acts, natural disasters, human error, the financial insolvency of our third parties that we work with, and other unanticipated problems or events. The occurrence of any of these events could result in interruptions in
our Service and to unauthorized access to, or alteration of, the content and data contained on our systems and that these third parties store and deliver on our behalf. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any disruption in the services provided by these third parties could materially adversely impact our business reputation, customer relations,
and operating results. Upon expiration or termination of any of our agreements with third parties, we may not be able to replace the services provided to us in a timely manner or on terms and conditions, including service levels and cost, that are
favorable to us, and a transition from <FONT STYLE="white-space:nowrap">one-third</FONT> party to another could subject us to operational delays and inefficiencies until the transition is complete. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We rely upon the Google Cloud Platform to operate certain aspects of our business and to store all of our data, and any disruption of or
interference with our use of the Google Cloud Platform could have a material adverse effect on our business, operating results, and financial condition. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Google Cloud Platform (&#147;GCP&#148;) provides a distributed computing infrastructure platform for business operations, or what is commonly
referred to as a &#147;cloud&#148; computing service. We have designed our software and computer systems to utilize data processing, storage capabilities, and other services provided by GCP. Currently, we are in the process of transitioning all of
our data storage (including personal data of Users and music data licensed from rights holders) and computing from our own servers to GCP. We cannot easily switch our GCP operations to another cloud provider, and any disruption of, or interference
with, our use of GCP could have a material adverse effect on our business, operating results, and financial condition. While the consumer side of Google competes with us, we do not believe that Google will use the GCP operation in such a manner as
to gain competitive advantage against our Service. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>If we fail to accurately predict, recommend, and play music that our Users
enjoy, we may fail to retain existing Users and attract new Users in sufficient numbers to meet investor expectations for growth or to operate our business profitably. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe that a key differentiating factor between Spotify and other music content providers is our ability to predict music that our Users
will enjoy. Our system for predicting User music preferences and selecting music tailored to our Users&#146; individual music tastes is based on advanced data analytics systems and our proprietary algorithms. We have invested, and will continue to
invest, significant resources in refining these technologies; however, we cannot assure you that such investments will yield an attractive return or that such refinements will be effective. The effectiveness of our ability to predict User music
preferences and select music tailored to our Users&#146; individual music tastes depends in part on our ability to gather and effectively analyze large amounts of User data. In addition, our ability to offer Users songs that they have not previously
heard and impart a sense of discovery depends on our ability to acquire and appropriately categorize additional songs that will appeal to our Users&#146; diverse and changing tastes. While we have a large catalog of songs available to stream, we
must continuously identify and analyze additional songs that our Users will enjoy and we may not effectively do so. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Our ability to predict and select music content that our Users enjoy is critical to the perceived value of our Service among Users and failure to make accurate predictions could materially
adversely affect our ability to adequately attract and retain Users, increase Content Hours, and sell advertising to meet investor expectations for growth or to operate the business profitably. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>If we fail to effectively manage our growth, our business, operating results, and financial condition may suffer. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our rapid growth has placed, and will continue to place, significant demands on our management and our operational and financial
infrastructure. In order to attain and maintain profitability, we will need to recruit, integrate, and retain skilled and experienced personnel who can demonstrate our value proposition to Users, advertisers, and business partners and who can
increase the monetization of the music streamed on our Service, particularly on mobile devices. Continued growth also could strain our ability to maintain reliable service levels for our Users, effectively monetize the music streamed, develop and
improve our operational and financial controls, and recruit, train, and retain highly skilled personnel. If our systems do not evolve to meet the increased demands placed on us by an increasing number of advertisers, we also may be unable to meet
our obligations under advertising agreements with respect to the delivery of advertising or other performance obligations. As our operations grow in size, scope, and complexity, we will need to improve and upgrade our systems and infrastructure,
which will require significant expenditures and allocation of valuable technical and management resources. If we fail to maintain efficiency and allocate limited resources effectively in our organization as it grows, our business, operating results,
and financial condition may suffer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have experienced rapid growth rates in both the number of active Users of our Service and revenue
over the last few years. As we grow larger and increase our User base and usage, we expect it will become increasingly difficult to maintain the rate of growth we currently experience. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our ability to increase the number of our Users will depend in part on our ability to distribute our Service, which may be affected by
third-party interference beyond our control. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The use of our Service depends on the ability of our Users to access the internet,
our website, and our mobile app. Enterprises or professional organizations, including governmental agencies, could block access to the internet, our website, and our mobile app for a number of reasons such as security or confidentiality concerns or
regulatory reasons that could adversely impact our User base. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, we distribute our app via smartphone and tablet app
download stores managed by Amazon, Apple, Google, and Microsoft, among others. Certain of these companies are now, and others may in the future become, competitors of ours, and could stop allowing or supporting access to our Service through their
products, could allow access for us only at an unsustainable cost, or could make changes to the terms of access in order to make our Service less desirable or harder to access, for competitive reasons. Furthermore, because devices providing access
to our Service are not manufactured and sold by us, we cannot guarantee that these devices perform reliably, and any faulty connection between these devices and our Service may result in consumer dissatisfaction toward us, which could damage our
brand. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>If we are unable to increase revenue from our Service on mobile devices, such as smartphones, our results of operations may
be materially adversely affected. </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our business model with respect to monetization of our Service on mobile and connected
devices is still evolving. As Users migrate away from personal computers, there is increasing pressure to monetize mobile. In all markets except Taiwan, we offer our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service on mobile, from which
we generate advertising revenue. However, to date we primarily rely on our Premium Services to generate revenue on mobile and other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
connected devices. If we are unable to effectively monetize our Service on mobile and connected devices, our business, operating results, and financial condition may suffer. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We face and will continue to face competition for <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users, Premium Subscribers, and
User listening time. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We compete for the time and attention of our Users with other content providers on the basis of a number of
factors, including quality of experience, relevance, diversity of content, ease of use, price, accessibility, perception of advertising load, brand awareness, and reputation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We compete with providers of <FONT STYLE="white-space:nowrap">on-demand</FONT> music, which are purchased or available for free and playable
on mobile devices and in the home. These forms of media may be purchased, downloaded, and owned such as iTunes audio files, MP3s, or CDs, or accessed from subscription or free online <FONT STYLE="white-space:nowrap">on-demand</FONT> offerings by
music providers or content streams from other online services. We face increasing competition for Users from a growing variety of businesses, including other subscription music services around the world, many of which offer services that seek to
emulate our Service, that deliver music content over the internet, through mobile phones, and through other wireless devices. Many of our current or future competitors are already entrenched or may have significant brand recognition in a particular
region or market in which we seek to penetrate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also compete with providers of internet radio both online and through connected mobile
devices. These internet radio providers may offer more extensive content libraries than we offer and some may be offered internationally more broadly than our Service. In addition, internet radio providers may leverage their existing infrastructure
and content libraries, as well as their brand recognition and user base, to augment their services by offering competing <FONT STYLE="white-space:nowrap">on-demand</FONT> music features to provide Users with more comprehensive music service delivery
choices. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our competitors also include terrestrial radio, satellite radio, and online radio. Terrestrial radio providers often offer
their content for free, are well-established and accessible to consumers, and offer media content that we currently do not offer. In addition, many terrestrial radio stations have begun broadcasting digital signals, which provide high-quality audio
transmission. Satellite radio providers may offer extensive and exclusive news, comedy, sports and talk content, and national signal coverage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe that companies with a combination of technical expertise, brand recognition, financial resources, and digital media experience also
pose a significant threat of developing competing <FONT STYLE="white-space:nowrap">on-demand</FONT> music distribution technologies. In particular, if known incumbents in the digital media space such as Facebook choose to offer competing services,
they may devote greater resources than we have available, have a more accelerated time frame for deployment, and leverage their existing user base and proprietary technologies to provide services that our Users and advertisers may view as superior.
Furthermore, Amazon Prime, Apple Music, Deezer, Google Play Music, Joox, Pandora, SoundCloud, and others have competing services, which may negatively impact our business, operating results, and financial condition. Our current and future
competitors may have higher brand recognition, more established relationships with music and other content licensors and mobile device manufacturers, greater financial, technical, and other resources, more sophisticated technologies, and/or more
experience in the markets in which we compete. In addition, Apple and Google also own app store platforms and are charging high <FONT STYLE="white-space:nowrap">in-app</FONT> purchase fees, which are not being levied on their own apps, thus creating
a competitive edge for themselves against us. As the market for <FONT STYLE="white-space:nowrap">on-demand</FONT> music on the internet and mobile and connected devices increases, new competitors, business models, and solutions are likely to emerge.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also compete for Users based on our presence and visibility as compared with other businesses and platforms that deliver music content
through the internet and mobile devices. We face significant competition for Users from companies promoting their own digital music content online or through app stores, including several </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
large, well-funded, and seasoned participants in the digital media market. Mobile device app stores often offer users the ability to browse apps by various criteria, such as the number of
downloads in a given time period, the length of time since a mobile app was released or updated, or the category in which the app is placed. The websites and mobile apps of our competitors may rank higher than our website and our Spotify mobile app,
and our app may be difficult to locate in mobile device app stores, which could draw potential Users away from our Service and toward those of our competitors. In addition, our competitors&#146; services may be preloaded into consumer electronics
products, creating a visibility advantage. If we are unable to compete successfully for Users against other digital media providers by maintaining and increasing our presence and visibility online, on mobile devices, and in app stores, our number of
Premium Subscribers and songs streamed on our Service may fail to increase or may decline and our subscription fees and advertising sales may suffer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We compete for a share of advertisers&#146; overall marketing budgets with other content providers on a variety of factors including perceived
return on investment, effectiveness and relevance of our advertising products, pricing structure, and ability to deliver large volumes or precise types of advertisements to targeted User demographic pools. We also compete for advertisers with a
range of internet companies, including major internet portals, search engine companies, social media sites, and apps, as well as traditional advertising channels such as terrestrial radio. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Large internet companies with strong brand recognition, such as Facebook, Google, and Twitter have significant numbers of direct sales
personnel, substantial advertising inventory, proprietary advertising technology solutions, and web and mobile traffic that provide a significant competitive advantage and have a significant impact on pricing for internet advertising and web and
mobile traffic. Failure to compete successfully against our current or future competitors could result in loss of current or potential advertisers or a reduced share of our advertisers&#146; overall marketing budget, which could adversely affect our
pricing and margins, lower our revenue, increase our research and development and marketing expenses, and prevent us from achieving or maintaining profitability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There can be no assurance that we will be able to compete successfully in the future against existing or new competitors, and failure to do so
could result in loss of existing or potential Users, reduced revenue, increased marketing expenses, or diminished brand strength, any of which could harm our business, operating results, and financial condition. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We rely on advertising revenue from our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service, and any failure to convince
advertisers of the benefits of our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service in the future could harm our business, operating results, and financial condition. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ability to attract and retain advertisers, and ultimately to generate advertising revenue, depends on a number of factors, including: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">increasing the number of hours our Users spend listening to music or otherwise engaging with content on our Service; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">increasing the number of Users listening to our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service; </TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">keeping pace with changes in technology and our competitors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">competing effectively for advertising dollars from other online and mobile marketing and media companies; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">maintaining and growing our relationships with marketers, agencies, and other demand sources who purchase advertising inventory from us; and </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">continuing to develop and diversify our advertisement platform, which currently includes delivery of advertising products through multiple delivery channels, including traditional computers, mobile, and other connected
devices. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We may not succeed in capturing a greater share of our advertisers&#146; core marketing budgets, particularly if
we are unable to achieve the scale, reach, products, and market penetration necessary to demonstrate the effectiveness of our advertising solutions, or if our advertising model proves ineffective or not competitive when compared to other
alternatives and platforms through which advertisers choose to invest their budgets. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Failure to grow the <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> User base and to effectively demonstrate the value of our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service to advertisers could result in loss of, or reduced spending by, existing or
potential future advertisers, which would materially harm our business, operating results, and financial condition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Selling
advertisements requires that we demonstrate to advertisers that our Service has substantial reach and engagement by relevant demographic audiences. Some of our demographic data may be incomplete or inaccurate. For example, because Users self-report
their names and dates of birth, the personal data we have may differ from our Users&#146; actual names and ages. If our Users provide us with incorrect or incomplete information regarding their name, age, or other attributes, then we may fail to
target the correct demographic with our advertising. Advertisers often rely on third parties to quantify the reach and usage of our Service. These third-party measurement services may not reflect our true audience, and their underlying methodologies
are subject to change at any time. In addition, the methodologies we apply to measure the key performance indicators that we use to monitor and manage our business may differ from the methodologies used by third-party measurement service providers,
who may not integrate effectively with our Service. Measurement technologies for mobile devices may be even less reliable in quantifying the reach and usage of our Service, and it is not clear whether such technologies will integrate with our
systems or uniformly and comprehensively reflect the reach, usage, or overall audience composition of our Service. If such third-party measurement providers report lower metrics than we do, there is wide variance among reported metrics, or we cannot
adequately integrate with such services that advertisers require, our ability to convince advertisers of the benefits of our Service could be adversely affected. See &#147;&#151;Our User metrics and other estimates are subject to inherent challenges
in measurement, and real or perceived inaccuracies in those metrics may seriously harm and negatively affect our reputation and our business.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Negative media coverage could adversely affect our business. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We receive a high degree of media coverage around the world. Unfavorable publicity regarding, for example, payments to music labels,
publishers, artists, and other copyright owners, our privacy practices, terms of service, service changes, service quality, litigation or regulatory activity, government surveillance, the actions of our advertisers, the actions of our developers
whose services are integrated with our Service, the use of our Service for illicit, objectionable, or illegal ends, the actions of our Users, the quality and integrity of content shared on our Service, or the actions of other companies that provide
similar services to us, could materially adversely affect our reputation. Such negative publicity also could have an adverse effect on the size, engagement, and loyalty of our User base and result in decreased revenue, which could materially
adversely affect our business, operating results, and financial condition. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our business depends on a strong brand, and any failure
to maintain, protect, and enhance our brand would hurt our ability to retain or expand our base of <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users, Premium Subscribers, and advertisers. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have developed a strong brand that we believe has contributed significantly to the success of our business. Maintaining, protecting, and
enhancing the &#147;Spotify&#148; brand is critical to expanding our base of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users, Premium Subscribers, and advertisers, and will depend largely on our ability to continue to develop and provide an innovative and
high-quality experience for our Users and to attract advertisers, content owners, mobile device manufacturers, and other consumer electronic product manufacturers to work with us, which we may not do successfully. If we do not successfully maintain
a strong brand, our business could be harmed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our brand may be impaired by a number of other factors, including any failure to keep pace
with technological advances on our platform or with our Service, slower load times for our Service, a decline in the quality or quantity of the content available on our Service, a failure to protect our intellectual property rights, or any alleged
violations of law, regulations, or public policy. Additionally, the actions of our developers, advertisers, and content partners may affect our brand if Users do not have a positive experience using third-party apps or websites integrated with
Spotify or that make use of Spotify content. Further, if our partners fail to maintain high standards for products that are integrated into our Service, fail to display our trademarks on their products in breach of our agreements with them, or use
our trademarks incorrectly or in an unauthorized manner, or if we partner with manufacturers of products that our Users reject, the strength of our brand could be adversely affected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have not historically been required to spend considerable resources to establish and maintain our brand. However, if we are unable to
maintain the growth rate in the number of our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users and Premium Subscribers, we may be required to expend greater resources on advertising, marketing, and other brand-building efforts to preserve
and enhance consumer awareness of our brand, which would adversely affect our operating results and may not be effective. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our trademarks,
trade dress, and other designations of origin are important elements of our brand. We have registered &#147;Spotify&#148; and other marks as trademarks in the United States and certain other jurisdictions around the world. Nevertheless, competitors
or other companies may adopt marks similar to ours, or use our marks and confusingly similar terms as keywords in internet search engine advertising programs, thereby impeding our ability to build brand identity and possibly leading to confusion
among our Users. We cannot assure you that our trademark applications, even for key marks, will be approved. We may face oppositions from third parties to our applications to register key trademarks in foreign jurisdictions in which we have expanded
or may expand our presence. If we are unsuccessful in defending against these oppositions, our trademark applications may be denied. Whether or not our trademark applications are denied, third parties may claim that our trademarks infringe upon
their rights. As a result, we could be forced to pay significant settlement costs or cease the use of these trademarks and associated elements of our brand in those or other jurisdictions. Doing so could harm our brand or brand recognition and
adversely affect our business, financial condition, and results of operation. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Various regulations as well as self-regulation
related to privacy and data security concerns pose the threat of lawsuits and other liability, require us to expend significant resources, and may harm our business, operating results, and financial condition. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We collect and utilize personal and other information from and about our Users as they interact with our Service. Various laws and regulations
govern the collection, use, retention, sharing, and security of the data we receive from and about our Users. Privacy groups and government bodies have increasingly scrutinized the ways in which companies link personal identities and data associated
with particular users or devices with data collected through the internet, and we expect such scrutiny to continue to increase. Alleged violations of laws and regulations relating to privacy and data security, and any relevant claims, may expose us
to potential liability and may require us to expend significant resources in responding to and defending such allegations and claims. Claims or allegations that we have violated laws and regulations relating to privacy and data security could in the
future result in negative publicity and a loss of confidence in us by our Users and our partners. Such claims or allegations also may subject us to fines, including by data protection authorities and credit card companies, and could result in the
loss of our ability to accept credit and debit card payments. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Existing privacy-related laws and regulations in the United States and other countries are
evolving and subject to potentially differing interpretations, and various U.S. federal and state or other international legislative and regulatory bodies may expand current or enact new laws regarding privacy and data security-related matters. For
example, the European Union General Data Protection Regulation (&#147;GDPR&#148;) will come into effect on May&nbsp;25, 2018, and may require us to change our privacy and data security practices. The GDPR will implement more stringent operational
requirements for processors and controllers of personal data, including, for example, requiring expanded disclosures about how personal information is to be used, limitations on retention of information, mandatory data breach notification
requirements, and higher standards for data controllers to demonstrate that they have obtained valid consent or have another legal basis in place to justify their data processing activities. The GDPR provides that EU member states may make their own
additional laws and regulations in relation to certain data processing activities, which could limit our ability to use and share personal data or could require localized changes to our operating model. These new laws could cause our costs to
increase and result in further administrative costs to providing our Service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also are subject to evolving EU laws on data export, as
we may at times transfer personal data from the EU to other jurisdictions. For example, in 2015, the Court of Justice of the European Union invalidated the <FONT STYLE="white-space:nowrap">U.S.-EU</FONT> Safe Harbor framework regarding the transfer
of personal data from the EU to the United States. EU and U.S. negotiators agreed in February 2016 to a new framework, the Privacy Shield, which would replace the Safe Harbor framework. However, there is currently litigation challenging this
framework as well as litigation challenging other EU mechanisms for adequate data transfers (for example, the standard contractual clauses), and it is uncertain whether the Privacy Shield framework and/or the standard contractual clauses will be
similarly invalidated by the EU courts in the future. We rely on a mixture of mechanisms to transfer data to and from our EU business to the United States, and could be impacted by changes in law as a result of the current challenges to these
mechanisms in the European courts. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In recent years, U.S. and European lawmakers and regulators have expressed concern over electronic
marketing and the use of third-party cookies, web beacons, and similar technology for online behavioral advertising. In the EU, under the current Directive 2002/58 on Privacy and Electronic Communications (the &#147;ePrivacy Directive&#148;),
informed and freely given consent is required for the placement of certain cookies on a user&#146;s device. Once the GDPR comes into force, the higher standard required for valid consent under the GDPR will equally apply under the ePrivacy
Directive. The ePrivacy Directive is under reform. A draft of the new Regulation (EC) 2017/0002 on the protection of individuals with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and on the free
movement of such data, and repealing Regulation (EC) No 45/2001 and Decision No 1247/2002/EC (the &#147;ePrivacy Regulation&#148;) was announced on January&nbsp;10, 2017 and is intended to become applicable on May&nbsp;25, 2018 (alongside the GDPR).
The ePrivacy Regulation is still going through the European legislative process and may not be finalized prior to this date. The European Parliament also has suggested that there may be a one year transition period provided for compliance. Unlike
the current ePrivacy Directive, this will be directly implemented into the laws of each of the EU member states, without the need for further enactment. When implemented, the ePrivacy Regulation may impose a requirement for <FONT
STYLE="white-space:nowrap">opt-in</FONT> consent for the collection of information from Users&#146; equipment as well as the use of third-party cookies, web beacons, and similar technology for tracking users for online behavioral advertising. There
also is a possibility that the new ePrivacy Regulation may extend the strict <FONT STYLE="white-space:nowrap">opt-in</FONT> marketing rules with limited exceptions to business to business communications and significantly increase penalties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We may find it necessary or desirable to join self-regulatory bodies or other privacy-related organizations that require compliance with their
rules pertaining to privacy and data security. We also may be bound by contractual obligations that limit our ability to collect, use, disclose, share, and leverage User data and to derive economic value from it. New laws, amendments to, or
reinterpretations of existing laws, rules of self-regulatory bodies, industry standards, and contractual obligations, as well as changes in our Users&#146; expectations and demands regarding privacy and data security, may limit our ability to
collect, use, and disclose, and to leverage </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
and derive economic value from User data. Restrictions on our ability to collect, access and harness User data, or to use or disclose User data or any profiles that we develop using such data,
may require us to expend significant resources to adapt to these changes, and would in turn limit our ability to stream personalized music content to our Users and offer targeted advertising opportunities to our
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, any failure or perceived failure by us to comply with
privacy or security laws, policies, legal obligations, industry standards, or any security incident that results in the unauthorized release or transfer of personal data may result in governmental enforcement actions and investigations, including
fines and penalties, enforcement orders requiring us to cease processing or operate in a certain way, litigation and/or adverse publicity, including by consumer advocacy groups, and could cause our customers to lose trust in us, which could have an
adverse effect on our reputation and business. Such failures could have a material adverse effect on our financial condition and operations. If the third parties we work with (for example, cloud-based vendors) violate applicable laws or contractual
obligations or suffer a security breach, such violations also may put us in breach of our obligations under privacy laws and regulations and/or could in turn have a material adverse effect on our business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have incurred, and will continue to incur, expenses to comply with privacy and security standards and protocols imposed by law, regulation,
self-regulatory bodies, industry standards, and contractual obligations. Increased regulation of data capture, analysis, and utilization and distribution practices, including self-regulation and industry standards, could increase our cost of
operation, limit our ability to grow our operations, or otherwise adversely affect our business, operating results, and financial condition. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Changes in regulations or User concerns regarding privacy and protection of User data, or any failure or appearance of failure to comply
with such laws, could diminish the value of our Service and cause us to lose Users and revenue. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The regulatory framework for
privacy issues worldwide is currently in flux and is likely to remain so for the foreseeable future. Practices regarding the collection, use, storage, transmission, and security of personal information by companies operating over the internet have
recently come under increased public scrutiny. The U.S. government, including the Federal Trade Commission and the Department of Commerce, may continue to review the need for greater regulation for the collection of information concerning consumer
behavior on the internet, including regulation aimed at restricting certain targeted advertising practices. In addition, the EU may continue to review the need for greater regulation or reform to its existing data protection legal framework, which
may result in a greater compliance burden for companies with users in Europe. Various government and consumer agencies also have called for new regulation and changes in industry practices. Our business, including our ability to operate and expand
internationally, could be adversely affected if legislation or regulations are adopted, interpreted, or implemented in a manner that is inconsistent with our current business practices and that require changes to these practices, the design of our
website, services, features, or our privacy policy. In particular, the success of our business has been, and we expect will continue to be, driven by our ability to responsibly use the personal data that our Users share with us. Therefore, our
business could be harmed by any significant change to applicable laws, regulations, or industry practices regarding the use of our Users&#146; personal data, for example regarding the manner in which disclosures are made and how the express or
implied consent of Users for the use of personal data is obtained. Such changes may require us to modify our services and features, possibly in a material manner, and may limit our ability to develop new services and features that make use of the
data that our Users voluntarily share with us. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We are at risk of artificial manipulation of stream counts and failure to
effectively manage and remediate such fraudulent streams could have an adverse impact on our business, operating results, and financial condition. Fraudulent streams and potentially associated fraudulent User accounts or artists may cause us to
overstate key performance indicators, which once discovered, corrected, and disclosed, could undermine investor confidence in the integrity of our metrics and could cause our stock price to drop significantly. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have in the past been, and continue to be, impacted by attempts by third parties to artificially manipulate stream counts. Such attempts
may, for example, be designed to generate revenue for rights holders or to influence placement of content on Spotify-created playlists or industry music charts. These potentially fraudulent streams also may involve the creation of <FONT
STYLE="white-space:nowrap">non-bona</FONT> fide User accounts or artists. For example, an individual might generate fake Users to stream songs repeatedly, thereby generating revenue each time the song is streamed; or might utilize fake Users to
stream specific content to increase its visibility on our or third-party charts. We use a combination of algorithms and manual review by employees to detect fraudulent streams. However, we may not be successful in detecting, removing, and addressing
all fraudulent streams (and any related User accounts). In 2017, we detected instances of botnet operators creating fake new User accounts seemingly for the above purposes. Though the incidents had immaterial effects on our business, if in the
future we fail to successfully detect, remove, and address fraudulent streams and associated User accounts, it may result in the manipulation of our data, including the key performance indicators which underlie, among other things, our contractual
obligations with rights holders and advertisers, as well as harm our relationship with advertisers and rights holders. In addition, once we detect, correct, and disclose fraudulent streams and associated User accounts and the key performance
indicators they affect, investor confidence in the integrity of our metrics could be undermined. These could have a material adverse impact on our business, operating results, and financial condition. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We are subject to a number of risks related to credit card and debit card payments we accept. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We accept payments mainly through credit and debit card transactions. For credit and debit card payments, we pay interchange and other fees,
which may increase over time. An increase in those fees would require us to either increase the prices we charge for our Premium Service, which could cause us to lose Premium Subscribers and subscription revenue, or suffer an increase in our costs
without a corresponding increase in the price we charge for our Premium Service, either of which could harm our operating results. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, we rely on third-party service providers for payment processing services, including the processing of credit and debit cards. In
particular, we rely on one third-party service provider, Adyen, for approximately 70% of our payment processing. Our business could be materially disrupted if these third-party service providers become unwilling or unable to provide these services
to us. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If we or our service providers for payment processing services have problems with our billing software, or the billing
software malfunctions, it could have a material adverse effect on our User satisfaction and could cause one or more of the major credit card companies to disallow our continued use of their payment products. In addition, if our billing software
fails to work properly and, as a result, we do not automatically charge our Premium Subscribers&#146; credit cards on a timely basis or at all, our business, financial condition, and results of operations could be materially adversely affected. </P>
 <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also are subject to payment card association operating rules, certification requirements, and rules governing electronic funds
transfers, which could change or be reinterpreted to make it more difficult for us to comply. Currently, we are fully compliant with the Payment Card Industry Data Security Standard v3.2 (&#147;PCI DSS&#148;), a security standard with which
companies that collect, store, or transmit certain data regarding credit and debit cards, credit and debit card holders, and credit and debit card transactions are required to comply. This is an annual certification exercise, and if we fail to
comply, we may violate payment card association operating rules, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
U.S. federal and state laws and regulations, and the terms of our contracts with payment processors and merchant banks. Such failure to comply fully also may subject us to fines, penalties,
damages, and civil liability, and may result in the loss of our ability to accept credit and debit card payments. Further, there is no guarantee that, even if we are in compliance with PCI DSS, we will maintain PCI DSS compliance or that such
compliance will prevent illegal or improper use of our payment systems or the theft, loss, or misuse of data pertaining to credit and debit cards, credit and debit card holders, and credit and debit card transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If we fail to adequately control fraudulent credit card transactions, we may face civil liability, diminished public perception of our
security measures, and significantly higher credit card-related costs, each of which could adversely affect our business, financial condition, and results of operations. If we are unable to maintain our chargeback rate or refund rates at acceptable
levels, credit card and debit card companies may increase our transaction fees or terminate their relationships with us. Any increases in our credit card and debit card fees could adversely affect our results of operations, particularly if we elect
not to raise our rates for our Premium Service to offset the increase. The termination of our ability to process payments on any major credit or debit card would significantly impair our ability to operate our business. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We are subject to a number of risks related to other payment solution providers. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We accept payments through various payment solution providers, such as telco integrated billings and prepaid codes vendors. These payment
solution providers provide services to us in exchange for a fee, which may be subject to change. Furthermore, we rely on their accurate and timely reports on sales and redemptions. If such accurate and timely reports are not being provided, it will
affect the accuracy of our reports to our licensors, and also affect the accuracy of our financial reporting. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We face many risks
associated with our international expansion, including difficulties obtaining rights to stream music on favorable terms. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are
continuing to expand our operations into additional international markets. However, offering our Service in a new geography involves numerous risks and challenges. For example, the licensing terms offered by rights organizations and individual
copyright owners in countries around the world are currently expensive. Addressing licensing structure and royalty rate issues in any new geographic market requires us to make very substantial investments of time, capital, and other resources, and
our business could fail if such investments do not succeed. There can be no assurance that we will succeed or achieve any return on these investments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to the above, continued international expansion around the world exposes us to other risks such as: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">lack of well-functioning copyright collective management organizations that are able to grant us music licenses, process reports, and distribute royalties in markets; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">fragmentation of rights ownership in various markets causing lack of transparency of rights coverage and overpayment or underpayment to record labels, music publishers, artists, performing rights organizations, and
other copyright owners; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">difficulties in obtaining license rights to local repertoire; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">difficulties in achieving market acceptance of our Service in different geographic markets with different tastes and interests; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">difficulties in achieving viral marketing growth in certain other countries where we commit fewer sales and marketing resources; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">difficulties in managing operations due to language barriers, distance, staffing, user behavior and spending capability, cultural differences, business infrastructure constraints, and laws regulating corporations that
operate internationally; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">application of different laws and regulations of other jurisdictions, including privacy, censorship and liability standards and regulations, as well as intellectual property laws; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">potential adverse tax consequences associated with foreign operations and revenue; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">complex foreign exchange fluctuation and associated issues; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">increased competition from local websites and music content providers, some with financial power and resources to undercut the market or enter into exclusive deals with local content providers to decrease competition;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">credit risk and higher levels of payment fraud; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">political and economic instability in some countries; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">restrictions on international monetary flows; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">reduced or ineffective protection of our intellectual property rights in some countries. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a
result of these obstacles, we may find it impossible or prohibitively expensive to enter additional markets, or entry into foreign markets could be delayed, which could hinder our ability to grow our business. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Emerging industry trends in digital advertising may pose challenges for our ability to forecast or optimize our advertising inventory,
which may adversely impact our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> revenue. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The digital advertising industry is
introducing new ways to measure and price advertising inventory. For example, a significant portion of advertisers are in the process of moving from purchasing advertisement impressions based on the number of advertisements served by the applicable
ad server to a new &#147;viewable&#148; impression standard (based on number of pixels in view and duration) for select products. In the absence of a uniform industry standard, agencies and advertisers have adopted several different measurement
methodologies and standards. In addition, measurement services may require technological integrations, which are still being evaluated by the advertising industry without an agreed-upon industry standard metric. As these trends in the industry
continue to evolve, our advertising revenue may be adversely affected by the availability, accuracy, and utility of the available analytics and measurement technologies as well as our ability to successfully implement and operationalize such
technologies and standards. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Further, the digital advertising industry is shifting to data-driven technologies and advertising
products, such as automated buying. These data-driven advertising products and automated buying technologies allow publishers and advertisers to use data to target advertising toward specific groups of users who are more likely to be interested in
the advertising message delivered to them. These advertising products and programmatic technologies are currently more developed in terms of advertising technology and industry adoption on the web than they are on mobile or on other software apps,
and may not integrate with our desktop software version of the Service. Because the majority of our User hours occur on mobile devices, if we are unable to deploy effective solutions to monetize the mobile device usage by our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> User base, our ability to attract advertising spend, and ultimately our advertising revenue, may be adversely affected by this shift. In addition, we rely on third-party advertising technology platforms
to participate in automated buying, and if these platforms cease to operate or experience instability in their business models, it also may adversely affect our ability to capture advertising spend. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We have acquired, and may continue to acquire, other companies or technologies, which
could divert management&#146;s attention and otherwise disrupt our operations and harm our operating results. We may fail to acquire companies whose market power or technology could be important to the future success of our business. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have recently acquired and may in the future seek to acquire or invest in other companies or technologies that we believe could complement
or expand our Service, enhance our technical capabilities, or otherwise offer growth opportunities. Pursuit of future potential acquisitions may divert the attention of management and cause us to incur various expenses in identifying, investigating,
and pursuing suitable acquisitions, whether or not they are consummated. In addition, we have limited experience acquiring and integrating other businesses. We may be unsuccessful in integrating our recently acquired businesses or any additional
business we may acquire in the future, and we may fail to acquire companies whose market power or technology could be important to the future success of our business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also may not achieve the anticipated benefits from any acquired business due to a number of factors, including: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">unanticipated costs or liabilities associated with the acquisition, including costs or liabilities arising from the acquired companies&#146; failure to comply with intellectual property laws and licensing obligations
they are subject to; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">incurrence of acquisition-related costs; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">diversion of management&#146;s attention from other business concerns; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">regulatory uncertainties; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">harm to our existing business relationships with business partners and advertisers as a result of the acquisition; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">harm to our brand and reputation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the potential loss of key employees; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">use of resources that are needed in other parts of our business; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">use of substantial portions of our available cash to consummate the acquisition. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition,
a significant portion of the purchase price of companies we acquire may be allocated to acquired goodwill, which must be assessed for impairment at least annually. In the future, if our acquisitions do not yield expected returns, we may be required
to take charges to our operating results based on this impairment assessment process. Acquisitions also could result in dilutive issuances of equity securities or the incurrence of debt, which could adversely affect our operating results. In
addition, if an acquired business fails to meet our expectations, our operating results, business, and financial condition may suffer. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our operating results may fluctuate, which makes our results difficult to predict. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our revenue and operating results could vary significantly from quarter to quarter and year to year because of a variety of factors, many of
which are outside our control. As a result, comparing our operating results on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">period-to-period</FONT></FONT> basis may not be meaningful. In addition to other risk factors
discussed herein, factors that may contribute to the variability of our quarterly and annual results include: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to retain our current User base, increase our number of <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users and Premium Subscribers, and increase Users&#146; time spent streaming content on our
Service; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to more effectively monetize mobile Users of our Service, particularly as the number of our Users on mobile and other connected devices grow; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to effectively manage our growth; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to attract and retain existing advertisers and prove that our advertising products are effective enough to justify a pricing structure that is profitable for us; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the effects of increased competition in our business; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to keep pace with changes in technology and our competitors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">lack of accurate and timely reports and invoices from our rights holders and partners; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">interruptions in service, whether or not we are responsible for such interruptions, and any related impact on our reputation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our ability to pursue and appropriately time our entry into new geographic or content markets and, if pursued, our management of this expansion; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">costs associated with defending any litigation, including intellectual property infringement litigation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the impact of general economic conditions on our revenue and expenses; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">changes in regulations affecting our business. </TD></TR></TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Seasonal variations in User and marketing
behavior also may cause fluctuations in our financial results. We expect to experience some effects of seasonal trends in User behavior due to increased internet usage and sales of streaming service subscriptions and devices during holiday periods.
We also may experience higher advertising sales during the fourth quarter of each calendar year due to greater advertiser demand during the holiday season, but also incur greater marketing expenses as we attempt to attract new Users to our Service
and convert our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users to Premium Subscribers. In addition, expenditures by advertisers tend to be cyclical and are often discretionary in nature, reflecting overall economic conditions, the
economic prospects of specific advertisers or industries, budgeting constraints and buying patterns, and a variety of other factors, many of which are outside our control. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We may require additional capital to support business growth and objectives, and this capital might not be available on acceptable
terms, if at all. </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We intend to continue to make investments to support our business growth and may require additional funds to
respond to business challenges, including the need to develop new features or enhance our existing Service, expand into additional markets around the world, improve our infrastructure, or acquire complementary businesses and technologies.
Accordingly, we may need to engage, and have engaged, in equity and debt financings to secure additional funds. For example, on April&nbsp;1, 2016, we issued the Convertible Notes that will convert to ordinary shares upon a specified conversion
event, as further described in &#147;Management&#146;s Discussion and Analysis of Financial Condition and Operating Results&#151;Indebtedness&#151;Description of Convertible Notes.&#148; Such Convertible Notes contain restrictive covenants relating
to our capital raising activities and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue business opportunities, including potential acquisitions, and, when they are all
exchanged for our ordinary shares as described below, will significantly dilute our existing shareholders&#146; interest. In December 2017, we exchanged a portion of our noteholders&#146; Convertible Notes for ordinary shares pursuant to the Tencent
Exchange and the December Exchange. We will exchange the remaining portion of our noteholders&#146; Convertible Notes for ordinary shares in January 2018. Pursuant to the exchange agreement we entered into in January 2018, subject to certain
conditions, if we fail to list our ordinary shares on or prior to July 2, 2018, we have agreed to offer to each noteholder the option to unwind the transaction such that we purchase back the shares that were issued to such noteholder pursuant to the
exchange and we will issue such noteholder a new note that is materially identical to its note prior to the exchange. See &#147;Summary&#151;Recent Developments.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If we raise additional funds through future issuances of equity or convertible debt
securities, our existing shareholders could suffer additional significant dilution, and any new equity securities we issue could have rights, preferences, and privileges superior to those of holders of our ordinary shares. Any debt financing we
secure in the future, including pursuant to the unwind described above, also could contain restrictive covenants relating to our capital raising activities and other financial and operational matters, which may make it more difficult for us to
obtain additional capital and pursue business opportunities, including potential acquisitions. We may not be able to obtain additional financing on terms favorable to us, if at all. If we are unable to obtain adequate financing or financing on terms
satisfactory to us when we require it, our ability to continue to support our business growth, acquire or retain Users, and to respond to business challenges could be significantly impaired, and our business may be harmed. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>If currency exchange rates fluctuate substantially in the future, the results of our operations, which are reported in Euros, could be
adversely affected. </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As we continue to expand our international operations, we become increasingly exposed to the effects of
fluctuations in currency exchange rates. We incur expenses for employee compensation, rental fees, and other operating expenses in the local currency, and an increasing percentage of our international revenue is from Users who pay us in currencies
other than U.S. dollar and Euros, including the Swedish Krona, the Australian dollar, and the British Pound&nbsp;Sterling. We also incur royalty expenses primarily in U.S. dollars and Euro, but the corresponding revenues are being generated in local
currencies and, as such, the multiple currency conversions will be affected by currency fluctuations, which may result in losses to us. Fluctuations in the exchange rates between the Euro and those other currencies could result in the Euro
equivalent of such expenses being higher and negatively impact our revenue. This could have a negative impact on our reported operating results. To date, we have engaged limitedly in hedging strategies, and any such strategies, such as forward
contracts, options, and foreign exchange swaps related to transaction exposures, that we may implement to mitigate this risk may not eliminate our full exposure to foreign exchange fluctuations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>The impact of worldwide economic conditions may adversely affect our business, operating results, and financial condition. </I></B></P>
 <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our financial performance is subject to worldwide economic conditions and their impact on levels of advertising spending. Expenditures by
advertisers generally tend to reflect overall economic conditions, and to the extent that the economy continues to stagnate, reductions in spending by advertisers could have a material adverse impact on our business. Historically, economic downturns
have resulted in overall reductions in advertising spending. Economic conditions may adversely impact levels of consumer spending, which could adversely impact the number of Users who purchase our Premium Services on our website and mobile
application. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Consumer purchases of discretionary items generally decline during recessionary periods and other periods in which
disposable income is adversely affected. To the extent that overall economic conditions reduce spending on discretionary activities, our ability to retain current and obtain new Premium Subscribers could be hindered, which could reduce our
subscription revenue and negatively impact our business. For example, on June&nbsp;23, 2016, a referendum was held on the United Kingdom&#146;s membership in the EU, the outcome of which was a vote in favor of leaving the EU. The United
Kingdom&#146;s vote to leave the EU creates an uncertain political and economic environment in the United Kingdom and potentially across other EU member states, which may last for a number of months or years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We are a multinational company that faces complex taxation regimes in various
jurisdictions. Audits, investigations, and tax proceedings could have a material adverse effect on our business, results of operations, and financial condition. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are subject to income and <FONT STYLE="white-space:nowrap">non-income</FONT> taxes in numerous jurisdictions. Income tax accounting often
involves complex issues, and judgment is required in determining our worldwide provision for income taxes and other tax liabilities. In particular, most of the jurisdictions in which we conduct business have detailed transfer pricing rules, which
require that all transactions with <FONT STYLE="white-space:nowrap">non-resident</FONT> related parties be priced using arm&#146;s length pricing principles within the meaning of such rules. We are subject to ongoing tax audits in several
jurisdictions, and most of such audits involve transfer pricing issues. We regularly assess the likely outcomes of these audits in order to determine the appropriateness of our tax reserves as well as tax liabilities going forward. In addition, the
application of withholding tax, value added tax, goods and services tax, sales taxes and other <FONT STYLE="white-space:nowrap">non-income</FONT> taxes is not always clear and we may be subject to tax audits relating to such withholding or <FONT
STYLE="white-space:nowrap">non-income</FONT> taxes. We believe that our tax positions are reasonable and our tax reserves are adequate to cover any potential liability. However, tax authorities in certain jurisdictions may disagree with our
position, including the propriety of our related party arm&#146;s length transfer pricing policies and the tax treatment of corresponding expenses and income. If any of these tax authorities were successful in challenging our positions, we may be
liable for additional income tax and penalties and interest related thereto in excess of any reserves established therefor, which may have a significant impact on our results and operations and future cash flow. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We may not be able to utilize all, or any, of our net operating loss carry-forwards. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have significant net operating loss carry-forwards in Luxembourg, Sweden, and the United States. As of December&nbsp;31, 2016, we had net
operating loss carry-forwards of &#128;61&nbsp;million in Luxembourg, &#128;364&nbsp;million in Sweden, &#128;227&nbsp;million in the United States relating to federal taxes, and &#128;183&nbsp;million in the United States relating to state taxes.
In certain jurisdictions, if we are unable to earn sufficient income or profits to utilize such carry-forwards before they expire, they will no longer be available to offset future income or profits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Sweden, utilization of these net operating loss carry-forwards may be subject to a substantial annual limitation if there is an ownership
change within the meaning of Chapter 40, paragraphs <FONT STYLE="white-space:nowrap">10-14</FONT> of the Swedish Income Tax Act (the &#147;Swedish Income Tax Act&#148;). In general, an ownership change, as defined by the Income Tax Act results from
a transaction or series of transactions over a five-year period resulting in an ownership change of more than 50% of the outstanding stock of a Company by certain categories or individuals, businesses or organizations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, in the United States, utilization of these net operating loss carry-forwards may be subject to a substantial annual limitation if
there is an ownership change within the meaning of Section&nbsp;382 of the Internal Revenue Code (&#147;Section&nbsp;382&#148;). In general, an ownership change, as defined by Section&nbsp;382, results from a transaction or series of transactions
over a three-year period resulting in an ownership change of more than 50% of the outstanding stock of a company by certain stockholders or public groups. Since our formation, we have raised capital through the issuance of capital stock on several
occasions, and we may continue to do so after our registration, which, combined with current or future shareholders&#146; disposition of ordinary shares, may or may not have resulted in such an ownership change. Such an ownership change may limit
the amount of net operating loss carry-forwards that can be utilized to offset future taxable income. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>If the fair market value of our ordinary shares fluctuates unpredictably and
significantly on a quarterly basis, the social costs we accrue for share-based compensation may fluctuate unpredictably and significantly, which could result in our failing to meet our expectations or investor expectations for quarterly financial
performance. This could negatively impact investor sentiment for the Company, and as a result, adversely impact the price of our ordinary shares. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Social costs are payroll taxes associated with employee salaries and benefits, including share-based compensation that we are subject to in
various countries in which we operate. This is not a withholding tax. For the quarter ended December 31, 2017, we recorded a social cost expense related to share-based compensation of &#128;38 million compared to &#128;2 million for the quarter
ended December 31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When the fair market value of our&nbsp;ordinary shares&nbsp;increases on a quarter to quarter basis, the accrued
expense for social costs will increase, and when the&nbsp;fair market value of ordinary shares&nbsp;falls, the accrued expense will become a reduction in social costs expense, all other things being equal, including the number of vested stock
options and exercise price remains constant. After our initial listing on the NYSE, we expect the fair market value of our ordinary shares to be more volatile than the fair market value of our ordinary shares as a private company, largely due to the
possible volatility of the trading price for our ordinary shares immediately after listing.&nbsp;See &#147;&#151;Risks Related to Owning Our Ordinary Shares&#151;The trading price of our ordinary shares may be volatile, and could, upon listing on
the NYSE, decline significantly and rapidly.&#148; As a result, the accrued expense for social costs may fluctuate unpredictably and significantly, from quarter to quarter, which could result in our failing to meet our expectations or investor
expectations for quarterly financial performance.&nbsp;This could negatively impact investor sentiment for the company, and as a result, the price for our ordinary shares.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally,&nbsp;approximately 37% of our employees are in Sweden. With respect to our employees in Sweden, we are required to pay a 31.42%
tax to the Swedish government on the profit an employee realizes on the exercise of our stock options. They accounted&nbsp;for a total of 48,474 in vested options&nbsp;as of December 31, 2017 compared to a total of 28,635 in vested options as of
December 31, 2016. We cannot accurately predict how many of their vested options will remain outstanding&nbsp;after our listing on the NYSE.&nbsp;As a result, the cash payments to the Swedish government upon the exercise of vested stock options may
vary significantly from quarter to quarter. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Changes to tax laws in any of the jurisdictions in which we operate or plan to
operate in the future could have a material adverse effect on our business, results of operations, and financial condition. New proposals within the EU on taxing of digital companies could have an adverse effect on our business. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are a multinational company that is subject to complex taxation regimes in numerous jurisdictions. Our future effective tax rates could be
affected by changes in tax laws or their interpretation in any of those jurisdictions. Tax laws, including tax rates, in the jurisdictions in which we operate may change as a result of macroeconomic or other factors outside of our control. For
example, on September&nbsp;21, 2017, the EU released the Communication &#147;A Fair and Efficient Tax System in the European Union for the Digital Single Market,&#148; which proposes taxation of the digital economy and references a possible proposal
in 2018. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December 22, 2017, President Trump signed into law the U.S. Senate and the U.S. House of Representatives passed H.R. 1,
&#147;An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018&#148; (informally titled the &#147;Tax Cuts and Jobs Act&#148;). Among a number of significant changes to the
current U.S. federal income tax rules, the Tax Cuts and Jobs Act would reduce the marginal U.S. corporate income tax rate from 35% to 21%, limit the deduction for net interest expense, shift the United States toward a more territorial tax system,
and impose new taxes to combat erosion of the U.S. federal income tax base. The impact that the Tax Cuts and Jobs Act will have on our business is uncertain at this time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
   <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Changes in tax laws, treaties, or regulations or their interpretation or enforcement
are unpredictable. Any of these occurrences could have a material adverse effect on our results of operations and financial condition. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Risks Related
to Owning Our Ordinary Shares </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our listing differs significantly from an underwritten initial public offering. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This is not an underwritten initial public offering. This listing differs from an underwritten initial public offering in several significant
ways, which include, but are not limited to, the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">There are no underwriters. Consequently, prior to the opening of trading on the NYSE, there will be no book building process and no price at which underwriters initially sold shares to the public to help inform
efficient price discovery with respect to the opening trades on the NYSE. Additionally, because there are no underwriters, there is no underwriters&#146; option to purchase additional shares to help stabilize, maintain, or affect the public price of
our ordinary shares on the NYSE immediately after the listing, which could cause greater volatility in the public price of our ordinary shares during the period immediately following the listing. See also &#147;&#151;The public price of our ordinary
shares may be volatile, and could, upon listing on the NYSE, decline significantly and rapidly.&#148; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">There is not a fixed number of securities available for sale. Therefore, there can be no assurance that any Registered Shareholders or other existing shareholders will sell any or all of their ordinary shares and there
may initially be a lack of supply of, or demand for, ordinary shares on the NYSE. Alternatively, we may have a large number of Registered Shareholders or other existing shareholders who choose to sell their ordinary shares in the near-term resulting
in oversupply of our ordinary shares, which could adversely impact the public price of our ordinary shares once listed on the NYSE. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">None of our Registered Shareholders or other existing shareholders have entered into contractual lock-up agreements or other contractual restrictions on transfer, except for TME and Tencent. In an underwritten initial
public offering, it is customary for an issuer&#146;s officers, directors, and most of its other shareholders to enter into a 180 day contractual lock-up arrangement with the underwriters to help promote orderly trading immediately after listing.
Consequently,<B><I> </I></B>any of our shareholders, including our directors and officers who own our ordinary shares and other significant shareholders, may sell any or all of their ordinary shares at any time (subject to any restrictions under
applicable law), including immediately upon listing. If such sales were to occur in a significant quantum, it may result in an oversupply of our ordinary shares in the market, which could adversely impact the public price of our ordinary shares. See
&#147;&#151;With the exception of TME and Tencent, none of our shareholders are party to any contractual lock-up agreement or other contractual restrictions on transfer. Sales of substantial amounts of our ordinary shares in the public markets by
our founders, affiliates, or non-affiliates, or the perception that such sales might occur, could reduce the price that our ordinary shares might otherwise attain and may dilute your voting power and your ownership interest in us.&#148;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We will not conduct a traditional &#147;roadshow&#148; with underwriters prior to the opening of trading on the NYSE. Instead, we intend to host an investor day, as well as engage in certain other investor education
meetings. In advance of the investor day, we will announce the date for such day over financial news outlets in a manner consistent with typical corporate outreach to investors. We will prepare an electronic presentation for this investor day, which
will have content similar to a traditional roadshow presentation, and make one version of the presentation publicly available, without restriction, on a website. There can be no guarantees that the investor day and other investor education meetings
will have the same impact on investor education as a traditional &#147;roadshow&#148; conducted in connection with an underwritten initial public offering. As a result, there may not be efficient price discovery with respect to our ordinary shares
or sufficient demand among investors immediately after our listing, which could result in a more volatile public price of our ordinary shares. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">43 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Such differences from an underwritten initial public offering could result in a volatile
market price for our ordinary shares and uncertain trading volume and may adversely affect your ability to sell your ordinary shares. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>The public price of our ordinary shares, upon listing on the NYSE, may have little or no relationship to the historical sales prices of
our ordinary shares in private transactions. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Prior to listing on the NYSE, there has been no public market for our ordinary
shares. In the section titled &#147;Sale Price History of Ordinary Shares,&#148; we have provided the historical sales prices of our ordinary shares in private transactions. However, this information may have little or no relation to broader market
demand for our ordinary shares and thus the initial public price of our ordinary shares on the NYSE once trading begins. As a result, you should not place undue reliance on these historical sales prices as they may differ materially from the opening
public prices and subsequent public prices of our ordinary shares on the NYSE. For more information about how the initial listing price on the NYSE will be determined, see &#147;Plan of Distribution.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>The public price of our ordinary shares may be volatile, and could, upon listing on the NYSE, decline significantly and rapidly.
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As this listing is taking place via a novel process that is not an underwritten initial public offering, there will be no book
building process and no price at which underwriters initially sold shares to the public to help inform efficient price discovery with respect to the opening trades on the NYSE. Pursuant to proposed NYSE Rules, we have engaged a financial advisor to
be available to consult with the designated market maker (the &#147;DMM&#148;) in setting the opening public price of our ordinary shares on the NYSE. Based on information provided by the NYSE, the opening public price of our ordinary shares on the
NYSE will be determined by buy and sell orders collected by the NYSE from broker-dealers and the NYSE is where buy orders can be matched with sell orders at a single price. Based on such orders, the DMM will determine an opening price for our
ordinary shares in consultation with a financial advisor pursuant to proposed NYSE rules. For more information, see &#147;Plan of Distribution.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">However, because the financial advisor will not have engaged in a book building process, they will not be able to provide the same level of
input as an underwriter may be able to provide to the DMM in an underwritten initial public offering. Moreover, prior to opening or trading, there will not be a price at which underwriters initially sold shares to the public as there would be in an
underwritten initial public offering. This lack of an initial public offering price could impact the range of buy and sell orders collected by the NYSE from broker-dealers. As a result, the DMM may have less information available to it to determine
the opening public price of our ordinary shares compared to an underwritten initial public offering. Therefore, the public price of our ordinary shares may be more volatile than in an underwritten initial public offering and could, upon listing on
the NYSE, decline significantly and rapidly. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Moreover, because of our listing process and the broad consumer awareness of Spotify,
individual investors may have a greater influence in setting the opening public price and subsequent public prices of our ordinary shares on the NYSE and may have a higher participation in our listing than is typical for an underwritten initial
public offering. This could result in a public price of our ordinary shares that is higher than other investors (such as institutional investors) are willing to pay and, in turn, could cause the public price of our ordinary shares to decline
significantly and rapidly after our listing. Also, because institutional investors may have a substantial degree of influence on the trading price of our ordinary shares over the long term, the price of our ordinary shares may decline over time.
Further, if the public price of our ordinary shares is above the level that investors determine is reasonable for our ordinary shares, some investors may attempt to short the ordinary shares after trading begins, which would create additional
downward pressure on the public price of our ordinary shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">44 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The public price of our ordinary shares following the initial listing also could be
subject to wide fluctuations in response to the risk factors described in this prospectus and others beyond our control, including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the number of our ordinary shares publicly owned and available for trading; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">quarterly variations in our results of operations or those of our competitors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our actual or anticipated operating performance and the operating performance of similar companies in the internet, radio, or digital media spaces; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our announcements or our competitors&#146; announcements regarding new services, enhancements, significant contracts, acquisitions, or strategic investments; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">general economic conditions and their impact on advertising spending; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the overall performance of the equity markets; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">threatened or actual litigation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">changes in laws or regulations relating to our Service; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any major change in our board of directors or management; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">publication of research reports about us or our industry or changes in recommendations or withdrawal of research coverage by securities analysts; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">sales or expected sales of our ordinary shares by us, and our officers, directors, and significant shareholders. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, the stock market in general, and the market for technology companies in particular, have experienced extreme price and volume
fluctuations that often have been unrelated or disproportionate to the operating performance of those companies. These fluctuations may be even more pronounced in the trading market for our ordinary shares shortly following the initial listing (as a
result of the supply and demand forces described above). Securities class action litigation has often been instituted against companies following periods of volatility in the overall market and in the market price of a company&#146;s securities.
Such litigation, if instituted against us, could result in very substantial costs, divert our management&#146;s attention and resources and harm our business, operating results, and financial condition. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>An active, liquid, and orderly market for our ordinary shares may not develop or be sustained. You may be unable to sell your ordinary
shares at or above the price you bought them for. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We currently expect our ordinary shares to be listed and traded on the NYSE.
Prior to listing on the NYSE, there has been no public market for our ordinary shares. While, with the exception of shares owned by Tencent and TME, all of our ordinary shares may be sold after our initial listing on the NYSE either by the
Registered Shareholders pursuant to this prospectus or by our other existing shareholders in accordance with Rule 144 of the Securities Act, unlike an initial public offering, there can be no assurance that any Registered Shareholders or other
existing shareholders will sell any or all of their ordinary shares and there may initially be a lack of supply of, or demand for, ordinary shares on the NYSE. Therefore, an active trading market for our ordinary shares may not initially develop or
be sustained, which could significantly depress the public price of our ordinary shares and could affect your ability to sell your ordinary shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">45 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>With the exception of TME and Tencent, none of our shareholders are party to any
contractual lock-up agreement or other contractual restrictions on transfer. Sales of substantial amounts of our ordinary shares in the public markets by our founders, affiliates, or <FONT STYLE="white-space:nowrap">non-affiliates,</FONT> or the
perception that such sales might occur, could reduce the price that our ordinary shares might otherwise attain and may dilute your voting power and your ownership interest in us. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Sales of substantial amounts of our ordinary shares in the public market by our founders, affiliates, or
<FONT STYLE="white-space:nowrap">non-affiliates</FONT> following our listing, or the perception that such sales could occur, could adversely affect the public price of our ordinary shares and may make it more difficult for you to sell your ordinary
shares at a time and price that you deem appropriate. Based on the number of shares outstanding as of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018, we will
have&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ordinary shares outstanding, all of which will be &#147;restricted securities&#148; as that term is defined under Rule 144 of the Securities Act. Of these ordinary shares,
substantially all may be immediately sold either by the Registered Shareholders pursuant to this prospectus or by our other existing shareholders under Rule 144 since such ordinary shares will have been beneficially owned by <FONT
STYLE="white-space:nowrap">non-affiliates</FONT> who beneficially owned such ordinary shares for at least one year. Moreover, once we have been a reporting company subject to the reporting requirements of Section&nbsp;13 or Section&nbsp;15(d) of the
Exchange Act for 90 days and assuming the availability of certain public information about us, (i)&nbsp;a <FONT STYLE="white-space:nowrap">non-affiliate</FONT> who has beneficially owned ordinary shares for at least six months may rely on Rule 144
to sell their ordinary shares, and (ii)&nbsp;an affiliate who has beneficially owned ordinary shares for at least six months, including certain of the ordinary shares covered by this prospectus to the extent not sold hereunder, would be entitled to
sell within any three-month period a number of ordinary shares that does not exceed the greater of either of the following: (a) 1% of the number of ordinary shares then outstanding, and (b)&nbsp;the average weekly reported volume of trading of our
ordinary shares during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale. With the exception of TME and Tencent, who each agreed pursuant to the Tencent Transactions not to transfer our ordinary shares for
a period of three years subject to limited exceptions as described in &#147;Summary&#151;Recent Developments,&#148; none of our shareholders prior to our registration will be subject to any contractual <FONT STYLE="white-space:nowrap">lock-up</FONT>
or other contractual restriction on the transfer sale of their ordinary shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also may issue our share capital or securities
convertible into our share capital from time to time in connection with a financing, acquisition, investments, or otherwise. Any such issuance could result in substantial dilution to our existing shareholders and cause the public price of our
ordinary shares to decline. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>If securities or industry analysts do not publish research or publish inaccurate or unfavorable
research about our business, our share price and trading volume could decline. </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The trading market for our ordinary shares will
be influenced by the research and reports that securities or industry analysts publish about our Company or us. Securities and industry analysts do not currently, and may never, publish research focused on our Company. If no securities or industry
analysts commence coverage of our Company, the price and trading volume of our ordinary shares likely would be negatively impacted. If securities or industry analysts initiate coverage and one or more of the analysts who cover us downgrade our
ordinary shares or publish inaccurate or unfavorable research about our Company, our ordinary share price would likely decline. Additionally, although we are providing the historical sales prices of our ordinary shares in private transactions, such
information may have little or no relationship to the price determined using traditional valuation methods, but we believe that securities and industry analysts will rely upon these methods to establish target prices for our ordinary shares. If
these analysts publish target prices for our ordinary shares that are below our historical sales prices for our ordinary shares or the then-current public price of our ordinary shares, it could cause our stock price to decline significantly.
Further, if one or more of these analysts cease coverage of our Company or fail to publish reports on us regularly, demand for our ordinary shares could decrease, which might cause our ordinary share price and trading volume to decline. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">46 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>In making your investment decision, you should understand that we have not authorized
any other party to provide you with information concerning this registration or us. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You should carefully evaluate all of the
information in this prospectus. We have in the past received, and may continue to receive, a high degree of media coverage, including coverage that is not directly attributable to statements made by our officers or employees, that incorrectly
reports on statements made by our officers or employees or that is misleading as a result of omitting information provided by us, our officers, or our employees. We have not authorized any other party to provide you with information concerning this
registration or us. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Because of their significant ownership of our ordinary shares and beneficiary certificates, our founders have
substantial influence over our business, and their interests may differ from our interests or those of our other shareholders. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">It is anticipated that, based on share ownership as
of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018 (including ordinary shares issuable upon exercise of outstanding options and warrants exercisable within 60 days
of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018), our founders, Daniel Ek and Martin Lorentzon, will beneficially own or control, directly or indirectly,
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ordinary shares, respectively, and are authorized to
hold&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; beneficiary certificates, respectively, which in the aggregate will represent
approximately&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of the combined voting power of all of our outstanding voting securities, respectively. See &#147;Description of Share Capital and Articles of Association&#151;Share
Capital.&#148; As a result, if our founders act together, they will have significant influence over the outcome of matters submitted to our shareholders for approval, including the election of directors. This may delay or prevent an acquisition or
cause the public price of our ordinary shares to decline. Some of these persons or entities may have interests different from yours. Therefore, the concentration of voting power among our founders may have an adverse effect on the price of our
ordinary shares. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>The requirements of being a public company may strain our resources, divert management&#146;s attention, and
affect our ability to attract and retain qualified board of director members. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a public company, we will be subject to the
reporting requirements of the Exchange Act, the Sarbanes-Oxley Act, the listing requirements of the NYSE, on which we will trade, and other applicable securities rules and regulations. Compliance with these rules and regulations will increase our
legal and financial compliance costs, make some activities more difficult, time-consuming, or costly, and increase demand on our systems and resources. The Exchange Act requires, among other things, that we file annual and current reports with
respect to our business and operating results. The Sarbanes-Oxley Act requires, among other things, that we maintain effective disclosure controls and procedures and internal control over financial reporting. In order to maintain and, if required,
improve our disclosure controls and procedures and internal control over financial reporting to meet this standard, significant resources and management oversight may be required. As a result, management&#146;s attention may be diverted from other
business concerns, which could harm our business and operating results. Although we have already hired additional employees to comply with these requirements, we may need to hire more employees in the future, which will increase our costs and
expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, changing laws, regulations, and standards relating to corporate governance and public disclosure are creating
uncertainty for public companies, increasing legal and financial compliance costs and making some activities more time consuming. These laws, regulations, and standards are subject to varying interpretations, in many cases due to their lack of
specificity, and, as a result, their application in practice may evolve over time as new guidance is provided by regulatory and governing bodies. This could result in continuing uncertainty regarding compliance matters and higher costs necessitated
by ongoing revisions to disclosure and governance practices. We intend to invest resources to comply with evolving laws, regulations, and standards, and this investment may result in increased general and administrative expenses and a diversion of
management&#146;s time </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">47 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
and attention from revenue-generating activities to compliance activities. If our efforts to comply with new laws, regulations, and standards differ from the activities intended by regulatory or
governing bodies due to ambiguities related to practice, regulatory authorities may initiate legal proceedings against us and our business may be harmed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also expect that being a public company combined with these new rules and regulations will make it more expensive for us to obtain director
and officer liability insurance, and we may be required to accept reduced coverage or incur substantially higher costs to obtain coverage. These factors also could make it more difficult for us to attract and retain qualified senior management and
members of our board of directors, particularly to serve on our audit committee and compensation committee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a result of disclosure of
information in this prospectus and in filings required of a public company, our business and financial condition will become more visible, which we believe may result in threatened or actual litigation, including by competitors and other third
parties.&nbsp;If such claims are successful, our business and operating results could be harmed, and even if the claims do not result in litigation or are resolved in our favor, these claims, and the time and resources necessary to resolve them,
could divert the resources of our management and materially harm our business, operating results, and financial condition. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>As a
result of becoming a public company, we will be obligated to develop and maintain proper and effective internal control over financial reporting. We may not complete our assessment of our internal control over financial reporting in a timely manner,
or these internal controls may be determined to be ineffective, which may adversely affect investor confidence in our company and, as a result, the value of our ordinary shares. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We will be required, pursuant to Section&nbsp;404 of the Sarbanes-Oxley Act, to furnish a report by management on, among other things, the
effectiveness of our internal control over financial reporting for the first fiscal year beginning after the effective date of the Registration Statement. This assessment will need to include disclosure of any material weaknesses identified by our
management in our internal control over financial reporting, as well as a statement that our auditors have issued an attestation report on our management&#146;s assessment of our internal controls. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are in the very early stages of the costly and challenging process of compiling the system and processing documentation necessary to
perform the evaluation needed to comply with Section&nbsp;404. We may not be able to complete our evaluation, testing, and any required remediation in a timely fashion. During the evaluation and testing process, if we identify one or more material
weaknesses in our internal control over financial reporting, we will be unable to assert that our internal controls are effective. We have in the past identified material weaknesses in our internal control over financial reporting and we cannot
assure you that there will not be material weaknesses in our internal controls in the future. If we are unable to assert that our internal control over financial reporting are effective, or if our auditors are unable to express an opinion on the
effectiveness of our internal controls, we could lose investor confidence in the accuracy and completeness of our financial reports, which would cause the price of our ordinary shares to decline. See &#147;&#151;Risks Related to our
Business&#151;Our royalty scheme is complex and it is difficult to estimate the amount payable under our license agreements.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Provisions in our articles of association, the issuance of beneficiary certificates, and the existence of certain voting agreements may
delay or prevent our acquisition by a third party. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our articles of association, which will become effective prior to our
registration, will contain provisions that may make it more difficult or expensive for a third party to acquire control of us without the approval of our board of directors and, if required, our shareholders. These provisions also may delay,
prevent, or deter a merger, acquisition, tender offer, proxy contest, or other transaction that might otherwise result in our shareholders </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">48 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
receiving a premium over the market price for their ordinary shares. The provisions include, among others, the authorization granted by the general meeting of shareholders to our board of
directors to issue ordinary shares within the limits of the authorized share capital at such times and on such terms as our board of directors may decide for a maximum period of five years after the date of publication in the Luxembourg official
gazette (<I>Recueil &eacute;lectronique des Soci&eacute;t&eacute;s et Associations</I>, as applicable) of the minutes of the relevant general meeting approving such authorization. The general meeting may amend, renew, or extend such authorized share
capital and such authorization to the board of directors to issue ordinary shares. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For more information, see &#147;Description of
Share Capital and Articles of Association&#151;Articles of Association.&#148; The provisions of our articles of association could discourage potential takeover attempts and reduce the price that investors might be willing to pay for our ordinary
shares in the future, which could reduce the public price of our ordinary shares. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, the authorization of the future
issuance of beneficiary certificates also may make it more difficult or expensive for a third party to acquire control of us without the approval of our board of directors and, if required, our shareholders. See &#147;&#151;Because of their
significant ownership of our ordinary shares and beneficiary certificates, our founders have substantial influence over our business, and their interests may differ from our interests or those of our other shareholders.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Exchange rate fluctuations may reduce the amount of U.S. dollars you receive in respect of any dividends or other distributions we may
pay in the future in connection with your ordinary shares. </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ordinary shares will be quoted in U.S. dollars on the NYSE. Our
financial statements are prepared in Euros. Under Luxembourg law, the determination of whether we have sufficient distributable profits to pay dividends is made on the basis of our unconsolidated annual financial statements prepared under the
Luxembourg Company Law in accordance with accounting principles generally accepted in Luxembourg. Exchange rate fluctuations may affect the amount in Euro that we are able to distribute, and the amount in U.S. dollars that our shareholders receive
upon the payment of cash dividends or other distributions we declare and pay in Euro, if any. Such fluctuations could adversely affect the value of our ordinary shares, and, in turn, the U.S. dollar proceeds that holders receive from the sale of our
ordinary shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>The future issuance of beneficiary certificates to certain shareholders may limit your voting power and your
ability to influence the composition of the board of directors, strategy, or performance of the business and we cannot predict the impact that beneficiary certificates may have on our stock price. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our shareholders have authorized the issuance of up to 35,000,000 beneficiary certificates to entities beneficially owned by our founders,
Daniel Ek and Martin Lorentzon, as well as to certain of our shareholders pursuant to an offer to subscribe for a number of beneficiary certificates in accordance with any applicable rights such shareholders may have. Each beneficiary certificate
will entitle the shareholder to one vote. The beneficiary certificates will carry no economic rights and will be issued to provide the holders of such certificates additional voting rights. The beneficiary certificates, when issued and subject to
certain exceptions, may not be transferred and will automatically be canceled for no consideration in the case of sale or transfer of the ordinary share to which they are linked. As a result, the issuance of the beneficiary certificates and the
voting power that they will provide to our founders will further limit the voting power of minority shareholders and the ability of minority shareholders to influence of the composition of the board of directors, strategy, or performance of our
business. See &#147;&#151;Because of their significant ownership of our ordinary shares and beneficiary certificates, our founders have substantial influence over our business, and their interests may differ from our interests or those of our other
shareholders,&#148; &#147;Description of Share Capital and Articles of Association&#151;Articles of Association&#151;Voting Rights&#148; and &#147;Registered Shareholders.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">49 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Finally, we cannot predict whether any future issuance of beneficiary certificates will
result in a lower or more volatile public price of our ordinary shares or result in adverse publicity or other adverse consequences. For example, in July 2017, FTSE Russell announced that it plans to require new constituents of its indexes to have
greater than five percent of the company&#146;s voting rights in the hands of public shareholders, and S&amp;P Dow Jones announced that it will no longer admit companies with multiple-class share structures to certain of its indexes. While we do not
have a multiple-class share structure, we cannot predict if we would be excluded from these indexes as a result of the future issuance of beneficiary certificates and we cannot assure you that other stock indexes will not take similar actions. Given
the sustained flow of investment funds into passive strategies that seek to track certain indexes, exclusion from stock indexes would likely preclude investment by many of these funds and could make our ordinary shares less attractive to other
investors. As a result, the public price of our ordinary shares could be adversely affected. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We may be classified as a passive
foreign investment company, which could result in adverse U.S. federal income tax consequences to U.S. Holders of our ordinary shares. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We would be classified as a passive foreign investment company (&#147;PFIC&#148;) for any taxable year if, after the application of certain
look-through rules, either: (i) 75% or more of our gross income for such year is &#147;passive income&#148; (as defined in the relevant provisions of the Internal Revenue Code of 1986, as amended), or (ii) 50% or more of the value of our assets
(determined on the basis of a quarterly average) during such year is attributable to assets that produce or are held for the production of passive income. Based on the expected public price of our ordinary shares following the registration and the
composition of our income, assets and operations, we do not expect to be treated as a PFIC for U.S. federal income tax purposes for the current taxable year or in the foreseeable future. However, this is a factual determination that must be made
annually after the close of each taxable year. Moreover, the value of our assets for purposes of the PFIC determination may be determined by reference to the public price of our ordinary shares, which could fluctuate significantly. Therefore, there
can be no assurance that we will not be classified as a PFIC in the future. Certain adverse U.S. federal income tax consequences could apply to a U.S. Holder (as defined in &#147;Certain Taxation Considerations&#151;U.S. Federal Income Tax
Considerations&#148;) if we are treated as a PFIC for any taxable year during which such U.S. Holder holds our ordinary shares. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our
ability to pay dividends is subject to restrictions in our indebtedness as well as the restrictions on the ability of our subsidiaries to pay dividends or make distributions to us. Our ordinary shares have no guaranteed dividends and holders of our
ordinary shares have no recourse if dividends are not declared. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are a holding company and have no material assets other than
our direct and indirect ownership of ordinary shares in our subsidiaries. Additionally, we have never declared or paid any cash dividends on our share capital, and we do not expect to pay dividends or other distributions on our ordinary shares in
the foreseeable future. Our ability to generate income and pay dividends is dependent on the ability of our subsidiaries to declare and pay dividends or lend funds to us. Existing and future indebtedness of our subsidiaries may prohibit the payment
of dividends or the making, or repayment, of loans or advances to the Company. In addition, the ability of any of our direct or indirect subsidiaries to make certain distributions may be limited by the laws of the relevant jurisdiction in which the
subsidiaries are organized or located, including financial assistance rules, corporate benefit laws, liquidity requirements, requirements that dividends must be paid out of reserves available for distribution, and other legal restrictions which, if
violated, might require the recipient to refund unlawful payments. As a consequence of these limitations and restrictions, we or our direct and indirect subsidiaries may not be able to make, or may have to reduce or eliminate, the payment of
dividends. Accordingly, you may have to sell some or all of your ordinary shares after price appreciation in order to generate cash flow from your investment. You may not receive a gain on your investment when you sell your ordinary shares and you
may lose the entire amount of the investment. Additionally, since we are expected to rely primarily on dividends from our direct and indirect subsidiaries to fund our financial and other obligations, restrictions on our ability to receive
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">50 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
such funds may adversely impact our ability to fund our financial and other obligations. See &#147;&#151;Risks Related to our Indebtedness&#151;Our indebtedness could adversely affect our
financial health and competitive position&#148; and &#147;Dividend Policy.&#148; </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Risks Related to our Indebtedness </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our indebtedness could adversely affect our financial health and competitive position. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At December&nbsp;31, 2017, we had total indebtedness of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; million, all
of which was outstanding under our Convertible Notes. In December 2017, we exchanged a portion of our noteholders&#146; Convertible Notes for ordinary shares pursuant to the Tencent Exchange and the December Exchange. We will exchange the remaining
portion of our noteholders&#146; Convertible Notes for ordinary shares in January 2018. Pursuant to the exchange agreement we entered into in January 2018, subject to certain conditions, if we fail to list our ordinary shares on or prior to July 2,
2018, we have agreed to offer to each noteholder the option to unwind the transaction such that we purchase back the shares that were issued to such noteholder pursuant to the exchange and we will issue such noteholder a new note that is materially
identical to its note prior to the exchange. See &#147;Summary&#151;Recent Developments.&#148; Our indebtedness increases the risk that we may be unable to generate cash sufficient to pay amounts due in respect of our indebtedness. It also could
have effects on our business. For example, it could: </P>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">limit our ability to pay dividends; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">increase our vulnerability to general adverse economic and industry conditions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">require us to dedicate a material portion of our cash flow from operations to make payments on our indebtedness, thereby reducing the availability of our cash flow for working capital, capital expenditures, and other
general corporate purposes; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">limit our flexibility in planning for, or reacting to, changes in our business and our industry; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">limit our ability to borrow additional funds. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, our Convertible Notes contain, and
any agreements evidencing or governing other future indebtedness may contain, certain restrictive covenants that will limit our ability to engage in certain activities that are in our long-term best interests. We believe we have not previously
breached and are not in breach of any of the covenants under our Convertible Notes. However, our failure to comply with those covenants could result in an event of default that, if not cured or waived, could result in the acceleration of all of our
indebtedness. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Despite our existing indebtedness level, we may still be able to incur significant additional amounts of debt, which
could further exacerbate the risks associated with our substantial indebtedness. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Despite our existing level of indebtedness, we
may be able to incur substantial additional indebtedness in the future. Although our Convertible Notes contain restrictions on the incurrence of additional indebtedness, these restrictions are subject to a number of significant qualifications and
exceptions, and, under certain circumstances, the amount of indebtedness that could be incurred in compliance with these restrictions could be substantial. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Our indebtedness may restrict our ability to pursue our business strategies. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Convertible Notes limit our ability, among other things, to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">incur additional indebtedness; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">pay dividends or make other distributions or repurchase or redeem our ordinary shares; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">sell assets; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">51 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">enter into agreements restricting our subsidiaries&#146; ability to pay dividends; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">consolidate, merge, sell or otherwise dispose of all or substantially all of our assets; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">incur liens. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ability to comply with these covenants and restrictions may be affected by
events beyond our control. If we breach any of these covenants or restrictions, we could be in default under our Convertible Notes. This would permit the noteholders to take certain actions, including declaring all amounts that we have borrowed and
other indebtedness to be due and payable. If the debt under our Convertible Notes or any other material financing arrangement that we enter into were to be accelerated, our assets, in particular liquid assets, may be insufficient to repay our
indebtedness. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Risks Related to Investment in a Luxembourg Company and Our Status as a Foreign Private Issuer </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>As a foreign private issuer, we are exempt from a number of U.S. securities laws and rules promulgated thereunder and are permitted to
publicly disclose less information than U.S. companies must. This may limit the information available to holders of the ordinary shares. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We currently qualify as a &#147;foreign private issuer,&#148; as defined in the SEC&#146;s rules and regulations, and, consequently, we are not
subject to all of the disclosure requirements applicable to companies organized within the United States. For example, we are exempt from certain rules under the U.S. Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), that
regulate disclosure obligations and procedural requirements related to the solicitation of proxies, consents or authorizations applicable to a security registered under the Exchange Act. In addition, our officers and directors are exempt from the
reporting and &#147;short-swing&#148; profit recovery provisions of Section&nbsp;16 of the Exchange Act and related rules with respect to their purchases and sales of our securities. For example, some of our key executives may sell a significant
amount of ordinary shares and such sales will not be required to be disclosed as promptly as companies organized within the United States would have to disclose. Accordingly, once such sales are eventually disclosed, our ordinary share price may
decline significantly. Moreover, we are not required to file periodic reports and financial statements with the SEC as frequently or as promptly as U.S. public companies. We also are not subject to Regulation FD under the Exchange Act, which would
prohibit us from selectively disclosing material nonpublic information to certain persons without concurrently making a widespread public disclosure of such information. Accordingly, there may be less publicly available information concerning our
company than there is for U.S. public companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a foreign private issuer, we will file an annual report on Form <FONT
STYLE="white-space:nowrap">20-F</FONT> within four months of the close of each fiscal year ended December&nbsp;31 and furnish reports on Form <FONT STYLE="white-space:nowrap">6-K</FONT> relating to certain material events promptly after we publicly
announce these events. However, because of the above exemptions for foreign private issuers, which we intend to rely on, our shareholders will not be afforded the same information generally available to investors holding shares in public companies
that are not foreign private issuers. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We may lose our foreign private issuer status in the future, which could result in
significant additional costs and expenses. This would make us subject to U.S. GAAP reporting requirements which may be difficult for us to comply with. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a &#147;foreign private issuer,&#148; we are not required to comply with all of the periodic disclosure and current reporting requirements
of the Exchange Act and related rules and regulations. Under those rules, the determination of foreign private issuer status is made annually on the last business day of an issuer&#146;s most recently completed second fiscal quarter, and,
accordingly, the next determination will be made with respect to us on June&nbsp;30, 2018. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the future, we would lose our foreign
private issuer status if a majority of our shareholders, directors or management are U.S. citizens or residents and we fail to meet additional requirements necessary to avoid loss of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">52 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
foreign private issuer status. Although we intend to follow certain practices that are consistent with U.S. regulatory provisions applicable to U.S. companies, such as providing quarterly
financial information to the SEC, our loss of foreign private issuer status would make such provisions mandatory. The regulatory and compliance costs to us under U.S. securities laws as a U.S. domestic issuer may be significantly higher. If we are
not a foreign private issuer, we will be required to file periodic reports and prospectus on U.S. domestic issuer forms with the SEC, which are more detailed and extensive than the forms available to a foreign private issuer. For example, we would
become subject to the Regulation Fair Disclosure, aimed at preventing issuers from making selective disclosures of material information. We also may be required to modify certain of our policies to comply with good governance practices associated
with U.S. domestic issuers. Such conversion and modifications will involve additional costs. In addition, we may lose our ability to rely upon exemptions from certain corporate governance requirements on U.S. stock exchanges that are available to
foreign private issuers. Also, we would be required to change our basis of accounting from IFRS as issued by the IASB to U.S. generally accepted accounting principles (&#147;U.S. GAAP&#148;), which may be difficult and costly for us to comply with.
If we lose our foreign private issuer status and fail to comply with U.S. securities laws applicable to U.S. domestic issuers, we may have to <FONT STYLE="white-space:nowrap">de-list</FONT> from the NYSE and could be subject to investigation by the
SEC, NYSE, and other regulators, among other materially adverse consequences. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>The rights of our shareholders may differ from the
rights they would have as shareholders of a U.S. corporation, which could adversely impact trading in our ordinary shares and our ability to conduct equity financings. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our corporate affairs are governed by our articles of association and the laws of Luxembourg, including the Luxembourg Company Law (<I>loi du
10 ao&ucirc;t 1915 concernant les soci&eacute;t&eacute;s commerciales, telle qu&#146;elle a &eacute;t&eacute; modifi&eacute;e</I>). The rights of our shareholders and the responsibilities of our directors and officers under Luxembourg law are
different from those applicable to a corporation incorporated in the United States. There may be less publicly available information about us than is regularly published by or about U.S. issuers. In addition, Luxembourg law governing the securities
of Luxembourg companies may not be as extensive as those in effect in the United States, and Luxembourg law, and regulations in respect of corporate governance matters might not be as protective of minority shareholders as state corporation laws in
the United States. Therefore, our shareholders may have more difficulty in protecting their interests in connection with actions taken by our directors and officers or our principal shareholders than they would as shareholders of a corporation
incorporated in the United States. As a result of these differences, our shareholders may have more difficulty protecting their interests than they would as shareholders of a U.S. issuer. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>We are organized under the laws of Luxembourg and a substantial amount of our assets are not located in the United States. It may be
difficult for you to obtain or enforce judgments or bring original actions against us or the members of our board of directors in the United States. </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are organized under the laws of Luxembourg. In addition, a substantial amount of our assets are located outside the United States.
Furthermore, many of the members of our board of directors and officers and some experts named in this prospectus reside outside the United States and a substantial portion of their assets are located outside the United States. Investors may not be
able to effect service of process within the United States upon us or these persons or enforce judgments obtained against us or these persons in U.S. courts, including judgments in actions predicated upon the civil liability provisions of the U.S.
federal securities laws. Likewise, it also may be difficult for an investor to enforce in U.S. courts judgments obtained against us or these persons in courts located in jurisdictions outside the United States, including judgments predicated upon
the civil liability provisions of the U.S. federal securities laws. Awards of punitive damages in actions brought in the United States or elsewhere are generally not enforceable in Luxembourg. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As there is no treaty in force on the reciprocal recognition and enforcement of judgments in civil and commercial matters between the United
States and Luxembourg, courts in Luxembourg will not automatically </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">53 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
recognize and enforce a final judgment rendered by a U.S. court. A valid judgment obtained from a court of competent jurisdiction in the United States may be entered and enforced through a court
of competent jurisdiction in Luxembourg, subject to compliance with the enforcement procedures (<I>exequatur</I>). The enforceability in Luxembourg courts of judgments rendered by U.S. courts will be subject, prior to any enforcement in Luxembourg,
to the procedure and the conditions set forth in the Luxembourg procedural code, which conditions may include the following as of the date of this prospectus (which may change): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the judgment of the U.S. court is final and enforceable (<I>ex&eacute;cutoire</I>) in the United States; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the U.S. court had jurisdiction over the subject matter leading to the judgment (that is, its jurisdiction was in compliance both with Luxembourg private international law rules and with the applicable domestic U.S.
federal or state jurisdictional rules); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the U.S. court applied to the dispute the substantive law that would have been applied by Luxembourg courts (based on recent case law and legal doctrine, it is not certain that this condition would still be required for
an exequatur to be granted by a Luxembourg court); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the judgment was granted following proceedings where the counterparty had the opportunity to appear and, if it appeared, to present a defense, and the decision of the foreign court must not have been obtained by fraud,
but in compliance with the rights of the defendant; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the U.S. court acted in accordance with its own procedural laws; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the decisions and the considerations of the U.S. court must not be contrary to Luxembourg international public policy rules or have been given in proceedings of a tax or criminal nature or rendered subsequent to an
evasion of Luxembourg law (<I>fraude &agrave; la loi</I>). Awards of damages made under civil liabilities provisions of the U.S. federal securities laws, or other laws, which are classified by Luxembourg courts as being of a penal or punitive nature
(for example, fines or punitive damages), might not be recognized by Luxembourg courts. Ordinarily, an award of monetary damages would not be considered as a penalty, but if the monetary damages include punitive damages, such punitive damages may be
considered a penalty. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, actions brought in a Luxembourg court against us, the members of our board of directors,
our officers, or the experts named herein to enforce liabilities based on U.S. federal securities laws may be subject to certain restrictions. In particular, Luxembourg courts generally do not award punitive damages. Litigation in Luxembourg also is
subject to rules of procedure that differ from the U.S. rules, including, with respect to the taking and admissibility of evidence, the conduct of the proceedings and the allocation of costs. Proceedings in Luxembourg would have to be conducted in
the French or German language, and all documents submitted to the court would, in principle, have to be translated into French or German. For these reasons, it may be difficult for a U.S. investor to bring an original action in a Luxembourg court
predicated upon the civil liability provisions of the U.S. federal securities laws against us, the members of our board of directors, our officers, or the experts named in this prospectus. In addition, even if a judgment against the Company, the <FONT
STYLE="white-space:nowrap">non-U.S.</FONT> members of our board of directors, our officers, or the experts named in this prospectus based on the civil liability provisions of the U.S. federal securities laws is obtained, a U.S. investor may not be
able to enforce it in U.S. or Luxembourg courts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our articles of association provides that directors and officers, past and present, are
entitled to indemnification from us to the fullest extent permitted by Luxembourg law against all liability and expenses reasonably incurred or paid by him or her in connection with any claim, action, suit, or proceeding in which he or she is
involved by virtue of his or her being or having been a director or officer and against amounts paid or incurred him or her in the settlement thereof. However, no indemnification will be provided against any liability to our directors, officers, or
shareholders (i) by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties of a director or officer, (ii) with respect to any matter as to which any director or
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">54 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
officer shall have been finally adjudicated to have acted in bad faith and not in our interest, or (iii) in the event of a settlement, unless approved by a court or the board of directors. The
rights and obligations among or between us and any of our current or former directors and officers are generally governed by the laws of Luxembourg and subject to the jurisdiction of the Luxembourg courts, unless such rights or obligations do not
relate to or arise out of such persons&#146; capacities listed above. Although there is doubt as to whether U.S. courts would enforce this indemnification provision in an action brought in the United States under U.S. federal or state securities
laws, this provision could make judgments obtained outside Luxembourg more difficult to enforce against our assets in Luxembourg or in jurisdictions that would apply Luxembourg law. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Luxembourg and European insolvency and bankruptcy laws are substantially different from U.S. insolvency laws and may offer our
shareholders less protection than they would have under U.S. insolvency and bankruptcy laws. </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a company organized under the laws
of Luxembourg and with its registered office in Luxembourg, we are subject to Luxembourg insolvency and bankruptcy laws in the event any insolvency proceedings are initiated against us including, among other things, Council and European Parliament
Regulation (EU) 2015/848 of 20&nbsp;May 2015 on insolvency proceedings (recast). Should courts in another European country determine that the insolvency and bankruptcy laws of that country apply to us in accordance with and subject to such EU
regulations, the courts in that country could have jurisdiction over the insolvency proceedings initiated against us. Insolvency and bankruptcy laws in Luxembourg or the relevant other European country, if any, may offer our shareholders less
protection than they would have under U.S. insolvency and bankruptcy laws and make it more difficult for them to recover the amount they could expect to recover in a liquidation under U.S. insolvency and bankruptcy laws. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">55 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_8"></A>USE OF PROCEEDS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Registered Shareholders may, or may not, elect to sell their ordinary shares covered by this prospectus. To the extent any Registered
Shareholder chooses to sell their ordinary shares covered by this prospectus, we will not receive any proceeds from any such sales of our ordinary shares. See &#147;Principal Shareholders&#148; and &#147;Registered Shareholders.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">56 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_9"></A>DIVIDEND POLICY </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have never declared or paid any cash dividends on our share capital, and we do not expect to pay dividends or other distributions on our
ordinary shares in the foreseeable future. There are no legislative or other legal provisions currently in force in Luxembourg or arising under our articles of association that restrict the payment of dividends or distributions to holders of our
ordinary shares not resident in Luxembourg, except for regulations restricting the remittance of dividends, distributions, and other payments in compliance with United Nations and EU sanctions. As set forth in our articles of association, we
currently intend to retain any future earnings for working capital and general corporate purposes. Under Luxembourg law, the amount and payment of dividends or other distributions is determined by a simple majority vote at a general
shareholders&#146; meeting based on the recommendation of our board of directors, except in certain limited circumstances. Pursuant to our articles of association, the board of directors has the power to pay interim dividends or make other
distributions in accordance with applicable Luxembourg law. Distributions may be lawfully declared and paid if our net profits and/or distributable reserves are sufficient under Luxembourg law. All of our ordinary shares rank <I>pari passu</I> with
respect to the payment of dividends or other distributions unless the right to dividends or other distributions has been suspended in accordance with our articles of association or applicable law. Holders of beneficiary certificates, when issued,
shall not be entitled to receive any dividend payments with respect to such beneficiary certificates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Luxembourg law, at least 5%
of our net profits per year must be allocated to the creation of a legal reserve until such reserve has reached an amount equal to 10% of our issued share capital. The allocation to the legal reserve becomes compulsory again when the legal reserve
no longer represents 10% of our issued share capital. The legal reserve is not available for distribution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are a holding company and
have no material assets other than our indirect ownership of ordinary shares in our operating subsidiaries. Our ability to generate income and pay dividends is dependent on the ability of our subsidiaries to declare and pay dividends or lend funds
to us. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The registrar and transfer agent for Spotify&#146;s ordinary shares will be
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; . </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">57 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_10"></A>CAPITALIZATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth our cash and cash equivalents, short term investments, indebtedness, and capitalization as of December&nbsp;31,
2017. This table should be read in conjunction with &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations.&#148; </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of<BR>December&nbsp;31,&nbsp;2017<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Actual<BR>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible Notes<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deficit:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other paid in capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other reserves</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity/(Deficit) attributable to owners of the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total capitalization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Pursuant to the SEC Division of Corporate Finance Financial Reporting Manual Section&nbsp;6270, the capitalization table will be populated upon inclusion of the December&nbsp;31, 2017 audited consolidated financial
statements. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Our Convertible Notes are guaranteed by certain of our subsidiaries and are unsecured. See &#147;Management&#146;s Discussion and Analysis of Financial Condition and Operating Results&#151;Indebtedness&#151;Description
of Convertible Notes.&#148; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">58 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_11"></A>CURRENCIES AND EXCHANGE RATES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Exchange Rates </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our functional and
reporting currency is the Euro and a significant amount of our costs are denominated in Euros. In this prospectus, translations of Euro amounts into U.S. dollars are solely for the convenience of the reader. For all dates and periods, the exchange
rate refers to the exchange rate as set forth in the H.10 statistical release of the Federal Reserve Board. The rates represent the noon buying rate in New York for wire transfers payable in foreign currencies. No representation is made that the
Euro amounts referred to in this prospectus could have been or could be converted into U.S. dollars at any particular rate or at all. On January&nbsp;25, 2018 the exchange rate was $1.2397 to &#128;1.00. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information concerning exchange rates between the Euro and the U.S. dollar for the periods indicated. These
rates are provided solely for your convenience and are not necessarily the exchange rates that we used in this prospectus or will use in the preparation of our periodic reports or any other information to be provided to you. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>(U.S. dollar per Euro)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Period-end</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Average&nbsp;for<BR>period</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Year ended December 31</B>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1098</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2002</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2016</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0517</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1070</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0388</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1534</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.0406</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2036</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Month ended:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January 2018 (through January 25, 2018)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2397</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1937</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2408</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">59 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_12"></A>SELECTED HISTORICAL FINANCIAL INFORMATION AND OTHER DATA
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following selected consolidated financial and other data should be read in conjunction with, and is qualified in its entirety by
reference to, the section of this prospectus entitled &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#148; and our consolidated financial statements and the notes thereto included elsewhere in this
prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The statement of operations data for the years ended December&nbsp;31, 2015 and 2016, has been derived from our consolidated
financial statements and the notes thereto included elsewhere in this prospectus. We prepared our consolidated financial statements in accordance with a full retrospective application of IFRS 15. As such, these consolidated financial statements will
comply with IFRS as issued by the International Accounting Standards Board (&#147;IASB&#148;) upon our issuance of consolidated financial statements for the year ended December&nbsp;31, 2017. Please read Note 2 to the consolidated financial
statements included elsewhere in this prospectus. The statement of operations data for the years ended December&nbsp;31, 2013 and 2014, and the balance sheet data as of December&nbsp;31, 2013 and 2014 are not included elsewhere in this prospectus
and have been presented without the retrospective application of IFRS 15 and may not be comparable to the years ended December&nbsp;31, 2015 and 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our historical results for any prior period are not necessarily indicative of results expected in any future period. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128; millions, except share and per share data)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Consolidated Statement of Operations Data:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">746</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,940</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">618</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">911</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,714</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gross profit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">401</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Research and development</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General and administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">461</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(98</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(191</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(349</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(336</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share in earnings of associates and joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance income/(costs)&#151;net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(186</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss before tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(61</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(182</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(225</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(535</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss attributable to owners the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(188</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss per share attributable to owners of the parent:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Basic and diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">(20.35</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">(55.95</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">(64.81</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">(145.31</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Weighted-average ordinary shares outstanding</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Basic and diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,096,523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,360,206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,548,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,709,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">60 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128; millions, except share and per share data)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Consolidated Statement of Cash Flows Data:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flows (used in)/from operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(74</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flows used in investing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(41</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(827</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flow from financing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">916</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net increase/(decrease) in cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(30</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">371</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Selected Other Data (unaudited):</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">EBITDA<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(88)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(172)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(205</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(311</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Free Cash Flow<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(94)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(92</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As of December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance Sheet Data:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">755</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Working capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">689</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">474</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,051</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible Notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total equity/(deficit) attributable to owners of the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(240</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>We define EBITDA as net loss attributable to owners of the parent before finance income/(costs)&#151;net, income tax expense, and depreciation and amortization. We
believe EBITDA is useful to our management and investors as a measure of comparative operating performance from period to period and among companies as it is reflective of changes in pricing decisions, cost controls, and other factors that affect
operating performance, and it removes the effect of items not directly resulting from our core operations. We believe that EBITDA also is useful to investors because this metric is frequently used by securities analysts, investors, and other
interested parties in their evaluation of the operating performance of companies in the technology industry and other industries similar to ours. Our management also uses EBITDA for planning purposes, including the preparation of our annual
operating budget and financial projections. EBITDA has limitations as an analytical tool. EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Additionally, EBITDA is not
intended to be a measure of discretionary cash to invest in the growth of our business, as it does not reflect tax payments, debt service requirements, capital expenditures, and certain other cash costs that may recur in the future. Management
compensates for these limitations by relying on our results reported under IFRS as issued by IASB in addition to using EBITDA supplementally. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We define &#147;Free Cash Flow&#148; as net cash flows (used in)/from operating activities less capital expenditures and change in restricted
cash. We believe Free Cash Flow is a useful supplemental financial measure for us and investors in assessing our ability to pursue business opportunities and investments and to service our debt. Free Cash Flow is not a measure of our liquidity under
IFRS and should not be considered as an alternative to net cash flows (used in)/from operating activities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">EBITDA and Free Cash Flow are <FONT
STYLE="white-space:nowrap">non-IFRS</FONT> measures and are not a substitute for IFRS measures in assessing our overall financial performance. Because EBITDA and Free Cash Flow are not measurements determined in accordance with IFRS, and are
susceptible to varying calculations, it may not be comparable to other similarly titled measures presented by other companies. You should not consider EBITDA and Free Cash Flow in isolation, or as a substitute for an analysis of our results as
reported on our consolidated financial statements appearing elsewhere in this prospectus. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">61 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Set forth below is a reconciliation of EBITDA to net loss attributable to owners of the
parent and a reconciliation of Free Cash Flow to net cash flows (used in)/from operating activities, in each case, for the periods presented: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">EBITDA: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss attributable to owners of the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(188)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance income/(costs)&#151;net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">186</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation and amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">EBITDA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(88)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(172)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(205)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(311)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Free Cash Flow: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year ended December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2013</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flows (used in)/from operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(74)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capital expenditures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(44)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Change in restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Free Cash Flow</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(94)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(92)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">62 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_13"></A>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AND RESULTS OF OPERATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You should read the following discussion and analysis of our financial condition and results of operations together with &#147;Selected
Historical Financial Information and Other Data&#148; and our consolidated financial statements and related notes included elsewhere in this prospectus. This discussion and analysis reflects our historical results of operations and financial
position, and, except as otherwise indicated below, does not give effect to the completion of this registration. This discussion contains forward-looking statements based upon current plans, expectations, and beliefs involving risks and
uncertainties. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under &#147;Risk Factors&#148; and in other parts of this prospectus. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Overview </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our mission is to unlock the
potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When we launched our Service in 2008, music industry revenues had been in decline for nine consecutive years. Growth in piracy and digital
distribution were disrupting the industry. People were listening to plenty of music, but the market needed a better way for artists to monetize their music and consumers needed a legal and simpler way to listen. We set out to reimagine the music
industry and to provide a better way for both artists and consumers to benefit from the digital transformation of the music industry. Spotify was founded on the belief that music is universal and that streaming is a more robust and seamless access
model that benefits both artists and music fans. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are the largest global music streaming subscription service. With a presence in
61 countries and growing, our platform includes over 154&nbsp;million MAUs and 62&nbsp;million Premium Subscribers as of September&nbsp;30, 2017, which we believe is nearly double the scale of our closest competitor, Apple Music. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Users are highly engaged. We currently monetize our Service through both subscriptions and advertising. Our Premium Subscribers have grown
54% year-over-year as of September&nbsp;30, 2017 to 62&nbsp;million. Our 154&nbsp;million MAUs have grown 35% year-over-year as of September&nbsp;30, 2017. The Premium Service and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service live
independently, but thrive together. Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service serves as a funnel, driving more than 60% of our total gross added Premium Subscribers since February 2014. With a 51% increase in revenue from our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service from 2015 to 2016, we believe our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service is a strong and viable stand-alone product with considerable long-term opportunity for growth in <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Users and revenue. Ad-Supported Users, Premium Subscribers, revenue, and gross margin have all been growing. Along with this growth, we have had increases in our operating loss. However, our operating
losses have been decreasing as a percent of revenue over time as revenue growth has outpaced operating losses. We plan to continue to invest in adding both Premium Subscribers and Ad-Supported Users in order to increase our revenues, decrease our
operating losses, and eventually reach profitability. However, there can be no guarantee on when we will eventually reach profitability, if at all. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>How We Generate Revenue </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We operate and
manage our business in two reportable segments&#151;Premium and <FONT STYLE="white-space:nowrap">Ad-Supported.</FONT> We identify our reportable segments based on the organizational units used by management to monitor performance and make operating
decisions. See Note 6, &#147;Segment information,&#148; to our consolidated financial statements included elsewhere in this prospectus for additional information regarding our reportable segments. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">63 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Premium </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Premium Service provides Premium Subscribers with unlimited online and offline high-quality streaming access to our catalog. In addition to
accessing our catalog on computers, tablets, and mobile devices, Users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. The Premium Service offers a commercial-free music experience. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We generate revenue for our Premium segment through the sale of Premium Services. Premium Services are sold directly to end Users and through
partners who are generally telecommunications companies that bundle the subscription with their own services or collect payment for the stand-alone subscriptions from the end User. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We offer a variety of subscription pricing plans for our Premium Service, including our standard plan, Family Plan, and Student Plan, to
appeal to Users with different lifestyles and across various demographics and age groups. Our pricing varies by plan and is adapted to each local market to align with consumer purchasing power, general cost levels, and willingness to pay for a music
service. Our Family Plan consists of one primary Subscriber and up to five additional sub-accounts, allowing up to six Premium Subscribers per Family Plan subscription. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, as we have entered into new markets where recurring subscription services are less common, we have expanded our subscription
products to include prepaid options and durations other than monthly (both longer and shorter durations), as well as expanded both online and offline payment options. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Premium partner services are priced on a <FONT STYLE="white-space:nowrap">per-subscriber</FONT> rate in a negotiated agreement and may include
minimum guarantees for the number of subscriptions that will be purchased from us. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Revenue for our Premium segment also is a function
of the number of Premium Subscribers who use our Premium Service. As of December&nbsp;31, 2015 and 2016, we had approximately 28&nbsp;million and 48&nbsp;million Premium Subscribers, respectively. New Premium Subscribers primarily are sourced from
the conversion of Users on our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service to Premium Subscribers. Through both our online platform and external marketing efforts, we engage our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT>
Users by highlighting key features that encourage conversion to our subscription offerings. These efforts include product links, campaigns targeting existing Users, and performance marketing across leading social media platforms. Additionally, new
Premium Subscriber growth is driven by the success of converting Users from our <FONT STYLE="white-space:nowrap">bi-annual</FONT> trial programs to full-time Premium Subscribers. These trial campaigns typically offer our Premium Service free or at a
discounted price for a period of time and accounted for approximately 27% and 23% of total gross added Premium Subscribers for the years ended December&nbsp;31, 2015 and 2016, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The rate of net growth in Premium Subscribers also is affected by our ability to retain our existing Premium Subscribers and the mix of
subscription pricing plans. We have increased retention over time, as new features and functionality have led to increased User engagement and satisfaction. From a product perspective, while the launches of the Family Plan and our Student Plan have
decreased Premium ARPU (as further described below) due to the lower price points per Premium Subscriber for these Premium pricing plans, each has helped improve retention across the Premium Service. As a result, while Premium ARPU declined by 9%
from 2015 to 2016, in part due to the launch of the Family Plan in 2016, Premium Churn declined by 1.1% from 7.7% in 2015 to 6.6% in 2016. With the growth in higher retention products, such as our Family Plan and Student Plan, we believe these
trends will continue in the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our platform is built to work across multiple devices, including smartphones, desktops, cars, game
consoles, and <FONT STYLE="white-space:nowrap">in-home</FONT> devices, which helps drive increased User engagement. We have found that Premium Subscribers who access our Service over multiple devices have higher engagement and lower Premium Churn,
which increases their expected lifetime value to Spotify. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">64 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I><FONT STYLE="white-space:nowrap">Ad-Supported</FONT> </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service has no subscription fees and provides Users with limited <FONT
STYLE="white-space:nowrap">on-demand</FONT> online access to our catalog on their computers and tablets and shuffle-only access (i.e., without being able to specifically select a track) on compatible mobile devices. We generate revenue for our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> segment from the sale of display, audio, and video advertising delivered through advertising impressions. We generally enter into arrangements with advertising agencies that purchase advertising on our
platform on behalf of the agencies&#146; clients. These advertising arrangements typically specify the type of advertising product, pricing, insertion dates, and number of impressions in a stated period. Revenue for our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> segment is primarily impacted by our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users and their engagement, and our ability to provide innovative advertising products that are relevant to our
Users and enhance returns for our advertising partners. Our advertising strategy centers on the belief that advertising products that are based in music and are relevant to the user can enhance Users&#146; experiences and provide even greater
returns for advertisers. We have already introduced a number of new advertising products, including sponsored playlists. Offering advertisers additional ways to purchase advertising on a programmatic basis is a key way that we intend to expand our
portfolio of advertising products and enhance advertising revenue. Furthermore, we continue to focus on analytics and measurement tools to evaluate, demonstrate, and improve the effectiveness of advertising campaigns on our platform. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Revenue from our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> segment also will be impacted by the demographics of our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Users, our ability to allow advertisers to choose their target demographics and our markets. A large percentage of our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users are between 18 and 34
years old. This is a highly sought-after audience that has traditionally been difficult for advertisers to reach via other channels. By offering advertisers increased &#147;self-serve options,&#148; in which they are able to choose their target
audiences and demographics, we also are improving the efficiency and scalability of our advertising platform. This option helps improve our margins, as well as our advertising partners&#146; return on investment. Additionally, we believe that our
largest markets, including Europe and North America, are among the top advertising markets. We believe there is a large opportunity to grow Users and gain share from traditional terrestrial radio. In the United States alone, traditional terrestrial
radio is a $14&nbsp;billion market, according to BIA/Kelsey. However, our two fastest growing regions, Latin America and the rest of the world, have less established advertising markets where monetizing our
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users has historically been more challenging. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Components of our Operating Results </B></P>
 <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Cost of Revenue</I>. Cost of revenue consists predominantly of royalty and distribution costs related to content streaming. We incur
royalty costs, which we pay to certain music record labels, publishers, and other rights holders, for the right to stream music to our Users. Royalties are typically calculated monthly based on the combination of a number of different elements.
Generally, Premium Service royalties are based on the greater of a percentage of revenue and a per User amount, while royalties for the Ad-Supported Service are based on the greater of a percentage of revenue and an amount for each time a sound
recording and musical composition is streamed. In addition, royalty rates vary by country. Some of our royalty agreements require that royalty costs be paid in advance or are subject to minimum guaranteed amounts. For the majority of royalty
agreements incremental costs incurred due to un-recouped advances and minimum guarantees have not been significant to date. We also have certain <FONT STYLE="white-space:nowrap">so-called</FONT> most favored nation royalty agreements, which require
us to record additional costs if certain material contract terms are not as favorable as the terms we have agreed to with similar licensors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2017, we entered into licensing agreements with Universal Music Group, Sony Music Entertainment, Warner Music Group, and with Merlin, among
others. We expect our cost of revenue and gross margins to benefit from the terms of the new licensing agreements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">65 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Cost of revenue also includes credit card and payment processing fees for subscription
revenue, customer service, certain employee compensation and benefits, cloud computing, streaming, facility, and equipment costs, as well as amounts incurred to produce content for our Service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, cost of revenue includes discounted trial costs related to our bi-annual trial programs. While we believe our trial programs
help drive incremental revenue and gross margins as Users convert to full- time Premium Subscribers, these trial programs, which typically begin in the last month of the second and fourth quarters of each year, lead to decreases in gross margins in
the first and third quarter of each year as we absorb the promotional expenses of the discounted trial offers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Research and
Development</I>. We invest heavily in research and development in order to drive User engagement and customer satisfaction on our platform, which we believe helps to drive organic growth in new MAUs, which in turn drives additional growth in, and
better retention of, Premium Subscribers, as well as increased advertising opportunities to <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users. We aim to design products and features that create and enhance User experiences, and new
technologies are at the core of many of these opportunities. Research and development expenses were 7% of our total revenue in each of 2015 and 2016 and are expected to increase as a percentage of revenue. Expenses primarily comprise of costs
incurred for development of products related to our platform and Service, as well as new advertising products and improvements to our mobile app and desktop application and streaming services. The costs incurred include related facility costs,
consulting costs, and employee compensation and benefits costs. We expect engineers to represent a significant portion of our employees over the foreseeable future. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Many of our new products and improvements to our platform require large investments and involve substantial time and risks to develop and
launch. Some of these products may not be well received or may take a long time for Users to adopt. As a result, the benefits of our research and development investments may be difficult to forecast. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Sales and Marketing</I>. Sales and marketing expenses primarily comprise of employee compensation and benefits, events and trade shows,
public relations, branding, consulting expenses, customer acquisition costs, advertising, the cost of working with music record labels, publishers, songwriters, and artists to promote the availability of new releases on our platform, and the costs
of providing free trials of Premium Services. Expenses included in the cost of providing free trials are primarily derived from per User royalty fees determined in accordance with the rights holder agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>General and Administrative</I>. General and administrative expenses are comprised primarily of employee compensation and benefits for
functions such as finance, accounting, analytics, legal, human resources, consulting fees, and other costs including facility and equipment costs. After this registration, we will be implementing additional procedures and processes for the purpose
of addressing the standards and requirements applicable to public companies. We expect to incur additional annual expenses related to these steps and, among other things, additional directors&#146; and officers&#146; liability insurance, director
fees, reporting requirements of the SEC, transfer agent fees, NYSE listing fees, hiring additional accounting, legal and administrative personnel, increased auditing and legal fees, and similar expenses. We also expect to recognize certain <FONT
STYLE="white-space:nowrap">non-recurring</FONT> costs as part of our transition to a publicly traded company, consisting of professional fees and other expenses. As part of our direct listing, these fees will be expensed in the period incurred and
not deducted from net proceeds to the issuer as they would be in an initial public offering. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Key Performance Indicators </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>MAUs </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We track MAUs as an
indicator of the size of the audience engaged with our Service. We define MAUs as the total count of Ad-Supported Users and Premium Subscribers that have consumed content for greater than zero </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">66 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
milliseconds in the last thirty days from the <FONT STYLE="white-space:nowrap">period-end</FONT> indicated. Reported MAUs may overstate the number of unique individuals who actively use our
Service within a <FONT STYLE="white-space:nowrap">thirty-day</FONT> period as one individual may register for, and use, multiple accounts. Fraud also may contribute, from time to time, in an overstatement of MAUs. Fraudulent accounts typically are
created by bots to inflate content licensing payments to individual rights holders. We strive to detect and minimize these fraudulent accounts. See &#147;Risk Factors&#151;Risks Related to Our Business&#151;Our User metrics and other estimates are
subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may seriously harm and negatively affect our reputation and our business&#148; and &#147;&#151;We are at risk of artificial manipulation of stream
counts and failure to effectively manage and remediate such fraudulent streams could have an adverse impact on our business, operating results, and financial condition. Fraudulent streams and potentially associated fraudulent User accounts or
artists may cause us to overstate key performance indicators, which once discovered, corrected, and disclosed, could undermine investor confidence in the integrity of our metrics and could cause our stock price to drop significantly.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below sets forth our MAUs as of December&nbsp;31, 2015 and 2016. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>(in millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MAUs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE>   <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">MAUs reached 125&nbsp;million as of December&nbsp;31, 2016, an increase of 37% as compared to the
prior fiscal year. The increase in MAUs benefited from our continued investment in driving the rapid growth of our Service, both through geographic expansion and consumer marketing. It also benefited from continued investment in content and features
on our platform, including featured playlists, artist marketing campaigns, and original content to drive increased User engagement, and customer satisfaction. MAUs were positively impacted by an increase in Premium Subscribers, as noted below. </P>
 <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Premium Subscribers </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We
define Premium Subscribers as Users that have completed registration with Spotify and have activated a payment method for Premium Service. Our Premium Subscribers include all registered accounts in our Family Plan. Our Family Plan consists of one
primary subscriber and up to five additional sub-accounts, allowing up to six Premium Subscribers per Family Plan Subscription. Premium Subscribers includes subscribers who are within a grace period of up to 30 days after failing to pay their
subscription fee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below sets forth our Premium Subscribers as of December&nbsp;31, 2015 and 2016. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;of&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium Subscribers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE>   <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, we had 48&nbsp;million Premium Subscribers, an increase of 71% as
compared to the prior fiscal year. Our annual global summer and holiday campaigns contributed 23% of gross added Premium Subscribers during the year, while the launch of the revamped Family Plan during the year, in which we changed the pricing
structure, resulted in another 22% of total gross added Premium Subscribers. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Premium ARPU </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Premium ARPU is a monthly measure defined as Premium revenue recognized in the quarter indicated divided by the average daily Premium
Subscribers in such quarter, which is then divided by three months. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">67 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Annual figures are calculated by averaging Premium ARPU for the four quarters in such fiscal year. The table below sets forth our average Premium ARPU for the years ended December&nbsp;31, 2015
and 2016. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium ARPU</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">6.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">6.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.64</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016, Premium ARPU was &#128;6.20, a decrease of 9%, as compared to the
prior fiscal year. The decrease was principally due to growth of the Family Plan, which launched during 2016, and movements in foreign exchange rates. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Three months ended<BR>December 31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium ARPU</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">7.06</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&#128;</TD>
<TD VALIGN="bottom" ALIGN="right">6.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.06</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the quarter ended December 31, 2016, Premium ARPU was &#128;6.00, a decrease of 15%, as compared to the
prior fiscal year. The decrease was principally due to growth of the Family Plan, which launched during 2016 and movements in foreign exchange rates. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Premium Churn </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Premium Churn
is a monthly measure defined as Premium Subscriber cancellations in the quarter indicated divided by the average number of daily Premium Subscribers in such quarter, which is then divided by three months. Annual figures are calculated by averaging
Premium Churn for the four quarters in such fiscal year. The table below sets forth our Premium Churn for the years ended December&nbsp;31, 2015 and 2016. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium Churn</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016, our Premium Churn was 6.6%, a decrease from 7.7% in the year
ended December&nbsp;31, 2015. The decrease was principally due to the increase in Family and Student Plan subscribers, who have higher retention rates, and increasing maturity of the Premium Subscriber base. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Three&nbsp;months&nbsp;ended<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium Churn</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1.5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the quarter ended December&nbsp;31, 2016, our Premium Churn was 6.0%, a decrease from 7.5% in the
quarter ended December&nbsp;31, 2015. The decrease was principally due to the increase in Family and Student Plan subscribers, who have higher retention rates, and increasing maturity of the Premium Subscriber base. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Content Hours </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Content Hours
are the aggregate number of hours Users spent consuming audio and video content on Spotify for the period indicated. The table below sets forth our content hours (in billions) for the years ended December&nbsp;31, 2015 and 2016. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Content Hours</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">68 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016, our Users streamed 27.0&nbsp;billion hours of
Spotify content, an increase of 55%, as compared to the prior fiscal year. The increase was principally due to an increase in our User base as a result of our continued investment in driving the rapid growth of our Service, both through geographic
expansion and consumer marketing. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Three&nbsp;months&nbsp;ended<BR>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Content Hours</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the quarter ended December&nbsp;31, 2016, our Users streamed 7.8&nbsp;billion hours of Spotify
content, an increase of 53%, as compared to the same quarter in the prior fiscal year. The increase was principally due to an increase in our User base as a result of our continued investment in driving the rapid growth of our service, both through
geographic expansion and consumer marketing. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Results of Operations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Revenue </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as
compared to the year ended December&nbsp;31, 2016 </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">913</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Ad-Supported</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">295</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">99</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,940</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Premium revenue </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the years ended December&nbsp;31, 2016 and 2015, Premium revenue comprised 90% of our total revenue. For the year ended December&nbsp;31,
2016 as compared to 2015, Premium revenue increased &#128;913&nbsp;million or 52%. The increase was primarily attributable to a 71% increase in Premium Subscribers, partially offset by a decrease in Premium ARPU of 9% in each case, as noted above.
</P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I><FONT STYLE="white-space:nowrap">Ad-Supported</FONT> revenue </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December 31, 2016 as compared to 2015, Ad-Supported revenue increased &#128;99 million or 51%. This increase was primarily
due to a 50% increase in average rate per impression based on the product mix sold during the year, as the number of impressions sold was approximately flat with the previous year. We curtailed the number of desktop impressions in order to promote
mobile formats (which account for nearly 50% of Ad-Supported revenue) and higher value desktop placements. Growth of programmatic impressions (i.e., impressions sold using an online platform) offset the decline in desktop impressions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">69 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Cost of revenue </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,492</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,228</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">736</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Ad-Supported</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,714</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">837</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Premium cost of revenue </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, Premium cost of revenue increased &#128;736&nbsp;million, or 49%, and Premium
cost of revenue as a percentage of Premium revenue decreased from 86% to 84%. This decrease in cost of revenue as a percentage of Premium revenue was largely driven by a higher proportion of discounted trial costs in the prior year. The increase in
cost of revenue was primarily driven by the increase in content costs related to the increase in new Premium Subscribers, a &#128;27&nbsp;million provision for legal disputes with certain rights holders, and an increase of &#128;18&nbsp;million
related to discounted trial costs. In addition, we had an increase of &#128;11&nbsp;million in other costs of revenue, such as payment processing fees and customer service centers, due to our growing Premium Subscriber base. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I><FONT STYLE="white-space:nowrap">Ad-Supported</FONT> cost of revenue </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> cost of revenue increased
&#128;101&nbsp;million, or 45%, and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> cost of revenue as a percentage of <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> revenue decreased from 113% to 109%. The decreased percentage was
largely driven by the impact of reduced streaming delivery costs as a percentage of revenue. The increase in cost of revenue was primarily driven by the increase in content cost of &#128;68&nbsp;million related to the increase in new MAUs and a
&#128;18&nbsp;million provision for legal disputes with certain rights holders. In addition, we had an increase of &#128;10&nbsp;million in other costs of revenue, which include the costs of our customer service centers due to our growing User base.
</P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Gross profit/(loss) and gross margin </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross profit/(loss)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">252</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">429</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Ad-Supported</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(28</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Consolidated</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">401</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross margin</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Premium</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Ad-Supported</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Consolidated</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">70 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Premium gross profit/(loss) and gross margin </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, Premium gross profit increased by &#128;177&nbsp;million and Premium gross
margin increased from 14% to 16%. The increase was largely driven by a reduction in discounted trial costs as a percentage of revenue. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I><FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> gross profit/loss and gross margin </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as
compared to 2015, <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> gross loss increased by &#128;2&nbsp;million, and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> gross margin improved from (13)% to (9)%. The increase was primarily due to
reduced streaming delivery costs as a percentage of revenue. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Consolidated operating expenses </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Research and development </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended
December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Research and development</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">As a percentage of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, research and development costs increased
&#128;71&nbsp;million, or 52%. The increase was primarily due to an increase in personnel-related costs of &#128;46&nbsp;million and facilities costs of &#128;14&nbsp;million, resulting from an increased headcount and leased office space to support
our growth as compared to the prior fiscal year. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Sales and marketing </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">As a percentage of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, sales and marketing expense increased
&#128;149&nbsp;million, or 68%. The increase was primarily due to incremental advertising costs of &#128;53&nbsp;million for marketing spend and promotional campaigns in existing markets, as well as new markets related to our continued international
expansion. Further, there was an increase in the cost of providing free trials of &#128;15 million. There also was an increase in personnel-related costs of &#128;32&nbsp;million and facilities costs of &#128;7&nbsp;million, each resulting from
increased headcount and leased office space compared to the prior fiscal year to support our growth. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>General and administrative </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General and administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">As a percentage of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">71 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, general and administrative
expense increased &#128;69&nbsp;million or 65%. The increase was primarily due to an increase in personnel-related costs of &#128;20&nbsp;million resulting from an increased headcount compared to the prior fiscal year. We also experienced an
increase in legal and other administrative costs of &#128;22&nbsp;million compared to the prior fiscal year due to increased litigation and consulting costs related to public company readiness objectives. Further, we had an increase in bad debt
expense of &#128;15&nbsp;million. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Finance income </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Finance income consists of fair value adjustment gains on financial instruments, interest income earned on our cash and cash equivalents, short
term investments, and foreign currency gains. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">322</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">As a percentage of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, finance income increased by
&#128;116&nbsp;million. The increase in finance income was primarily due to foreign exchange gains on the remeasurement of monetary assets and liabilities in a transaction currency other than the functional currency of &#128;117&nbsp;million,
principally due to investing the proceeds of the Convertible Notes in U.S.&nbsp;Dollar denominated short term investments. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Finance costs
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Finance costs consist of fair value adjustment losses on financial instruments, interest on our lease financing obligations, and
foreign currency losses. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(336</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(310</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">NM</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">As a percentage of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, finance costs increased by
&#128;310&nbsp;million primarily due to the issuance of the Convertible Notes in April 2016, which were accounted for at fair value with any changes in fair value recorded in the statement of operations. Due to the implicit interest rate and an
increase in the value of ordinary shares, the expense recorded for the Convertible Notes was &#128;245&nbsp;million. The expense recorded for the warrants was &#128;7&nbsp;million due to the increase in the value of ordinary shares. We also
experienced an increase of &#128;27&nbsp;million in expense on our contingent options due to the quarterly movement in the fair value of our ordinary shares during the period. Additionally, foreign exchange losses on the remeasurement of monetary
assets and liabilities in a transaction currency other than the functional currency increased by &#128;27&nbsp;million. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">72 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Net loss attributable to owners of the parent </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year Ended December 31, 2015 compared to the year ended December 31, 2016 </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss attributable to owners of the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(309</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, net loss attributable to owners of the parent
increased by &#128;309&nbsp;million, an increase of 134%, due to the factors stated above. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>EBITDA </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128;&nbsp;millions, except percentages)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">EBITDA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(205</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(311</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(106</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">As a percentage of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the year ended December&nbsp;31, 2016 as compared to 2015, EBITDA loss increased by &#128;106&nbsp;million
or 52%. This increase was primarily due to an increase in our operating losses of &#128;114&nbsp;million. For a discussion of the limitations associated with using EBITDA rather than IFRS measures and a reconciliation of EBITDA to net loss, see
&#147;Selected Historical Financial Information and Other Data.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Seasonality </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our results reflect the effects of our bi-annual trial programs, in addition to seasonal trends in User behavior and, with respect to our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service, advertising behavior. Historically, Premium Subscriber growth accelerates when we run bi-annual trial programs in the summer and winter, which typically begin in the last month of the second
and fourth quarters. This leads to decreases in gross margin in the first and third quarter of each year, as we absorb the promotional expenses of discounted trial offers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service, we experience higher advertising revenues in the fourth quarter of each
calendar year due to greater advertising demand during the holiday season. However, in the first quarter of each calendar year, we typically experience a seasonal decline in advertising revenue due to reduced advertiser demand. The rapid growth in
our business to date has somewhat masked these trends. In the future, we expect these trends to become more pronounced. Other than as disclosed here and elsewhere in this prospectus, we are not aware of any trends, uncertainties, demands,
commitments, or events since December&nbsp;31, 2016 that are reasonably likely to have a material adverse effect on our revenues, income, profitability, liquidity, or capital resources, or that would cause the disclosed financial information to be
not necessarily indicative of future operating results or financial conditions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Critical Accounting Policies and Estimates </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We prepared our financial statements in accordance with a full retrospective application of IFRS 15. As such, these financial statements will
comply with IFRS as issued by the IASB upon our issuance of financial statements for the year ended December&nbsp;31, 2017. Please read Note 2 to the consolidated financial statements included elsewhere in this prospectus. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">73 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Preparing these financial statements requires us to make estimates and assumptions that
affect the reported amounts of assets, liabilities, equity, revenue, expenses, and related disclosures. We evaluate our estimates and assumptions on an ongoing basis. Our estimates are based on historical experience and various other assumptions
that we believe to be reasonable under the circumstances. Our actual results may differ from these estimates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The critical accounting
estimates, assumptions, and judgments that we believe to have the most significant impact on our consolidated financial statements are described below. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Revenue&nbsp;Recognition </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Premium Revenue
</I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We generate revenue for our Premium segment from the sale of Premium Services. Premium Services are sold directly to end users and
through partners who are generally telecommunications companies that bundle the subscription with their own services or collect payment for the stand-alone subscriptions from their end customers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Premium Services sold directly to end users are typically paid in advance. We satisfy our performance obligation, and revenue from these
services is recognized, on a straight-line basis over the subscription period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We periodically provide discounted trial periods for
Premium Services. Consideration received for the discounted trial periods is recognized in revenue on a straight-line basis over the term of the discounted trial period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Premium Services sold through partners are recognized as revenue based on a <FONT STYLE="white-space:nowrap">per-subscriber</FONT> rate in a
negotiated partner agreement and may include minimum guarantees for the minimum amount that will be purchased from us. Under these arrangements, a Premium partner may bundle the Premium Service with its existing product offerings or offer the
Premium Service as an <FONT STYLE="white-space:nowrap">add-on.</FONT> We satisfy our performance obligation, and revenue from these services is recognized, on a straight-line basis over the subscription period. For partner agreements where the
minimum guarantee is not met, revenue is constrained to the revenue amounts for the actual subscriptions sold in a given period. We therefore only recognize the associated revenue when it is highly probable that this will not result in a significant
reversal of revenue when the uncertainty is resolved. We assess the facts and circumstances, including whether the partner is acting as a principal or agent, of all partner revenue arrangements and then recognizes revenues either gross or net.
Premium partner services, whether recognized gross or net, have one material performance obligation being the delivery of our Premium Service. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Revenue </I></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We generate revenue for our
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> segment primarily through display, audio, and video advertising delivered through advertising impressions. We enter into arrangements with advertising agencies that purchase advertising on our
platform on behalf of the agencies&#146; clients and directly with some large advertisers. These advertising arrangements are typically sold on a cost-per-thousand basis and are evidenced by an Insertion Order (&#147;IO&#148;) that specifies the
terms of the arrangement such as the type of advertising product, pricing, insertion dates, and number of impressions in a stated period. Revenue is recognized upon delivery of impressions. IOs may include multiple performance obligations as they
generally contain several different advertising products that each represent a separately identifiable promise within the contract. For such arrangements, we allocate revenue to each performance obligation on a relative stand-alone selling price
basis. We determine stand-alone selling prices based on the prices charged to customers. We also may offer cash rebates to advertising agencies based on the volume of advertising inventory purchased. These rebates are estimated based on historical
data and projected spend and result in a reduction of revenue recognized. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, we generate revenue through arrangements
with certain suppliers to distribute advertising inventory on their advertising exchange platforms for purchase on a cost-per-thousand basis. Revenue is recognized over time when impressions are delivered on the platform. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">74 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Share-based Payments </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our employees and members of our board of directors receive remuneration in the form of share-based payment transactions, whereby employees and
directors render services in consideration for equity instruments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The fair value of a stock option is estimated on the grant date using
the&nbsp;Black-Scholes option-pricing&nbsp;model. The fair value of an RSU is measured using the fair value of our ordinary shares on the date of the grant.&nbsp;Stock-based&nbsp;compensation expense is recognized, net of forfeitures, over the
requisite service periods of the awards, which is generally less than five years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our use of
the&nbsp;Black-Scholes&nbsp;option-pricing&nbsp;model requires the input of highly subjective assumptions, including the fair value of our underlying ordinary shares, expected term of the option, expected volatility of the price of our ordinary
shares,&nbsp;risk-free&nbsp;interest rates, and the expected dividend yield of our ordinary shares. The assumptions used in our&nbsp;option-pricing&nbsp;model represent management&#146;s best estimates. These estimates involve inherent uncertainties
and the application of management&#146;s judgment. If factors change and different assumptions are used, our&nbsp;stock-based&nbsp;compensation expense could be materially different in the future. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">These assumptions and estimates are as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Fair Value of Our Ordinary Shares.</I><I></I>&nbsp;As our ordinary shares are not publicly traded, we estimate the fair value of our ordinary shares as discussed in &#147;&#151;Ordinary Share Valuations&#148; below.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Expected Term.</I><I></I>&nbsp;The expected term of employee stock options represents the&nbsp;weighted-average&nbsp;period that the stock options are expected to remain outstanding. The expected term of the share
options is based on our historical data and current expectations. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Risk-Free</I><I></I><I>&nbsp;Interest Rate.</I>&nbsp;We base the&nbsp;risk-free&nbsp;interest rate on the yields of US Treasury zero coupon rates with maturities approximately equal to the term of employee stock
option awards, as the exercise price is based on a fixed U.S.&nbsp;Dollar amount. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Expected Volatility.</I>&nbsp;As we do not have a public market trading history for our ordinary shares, the expected volatility for our ordinary shares was estimated based on the historical volatility of public
companies that are deemed to be comparable to us over the expected term of the award. Industry peers consist of several public companies in our industry which are either similar in size, stage of life cycle or financial leverage. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Dividend Rate.</I>&nbsp;We do not anticipate paying any cash dividends in the near future and therefore use an expected dividend yield of&nbsp;zero&nbsp;in the option valuation model. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also must estimate a forfeiture rate to calculate the&nbsp;stock-based&nbsp;compensation expense for our awards. Our forfeiture rate is
based on an analysis of our actual forfeitures. We will continue to evaluate the appropriateness of the forfeiture rate based on actual forfeiture experience, analysis of employee turnover, and other factors. Changes in the estimated forfeiture rate
can have a significant impact on our&nbsp;stock-based compensation expense as the cumulative effect of adjusting the rate is recognized in the period the forfeiture estimate is changed. A higher revised forfeiture rate than previously estimated will
result in an adjustment that will decrease the&nbsp;stock-based&nbsp;compensation expense recognized in the consolidated statement of operations. A lower revised forfeiture rate than previously estimated will result in an adjustment that will
increase the&nbsp;stock-based&nbsp;compensation expense recognized in the consolidated statement of operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We will continue to use
judgment in evaluating the assumptions related to our&nbsp;stock-based&nbsp;compensation on a prospective basis. As we continue to accumulate additional data related to our ordinary shares, we may have refinements to our estimates, which could
materially impact our future&nbsp;stock-based&nbsp;compensation expense. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">75 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Social costs are payroll taxes associated with employee salaries and benefits, including
share-based compensation. Social costs in connection with share-based payment awards granted are accrued over the vesting period based on the intrinsic value of the award that has been earned at the end of each reporting period. The amount of the
liability reflects the amortization of the award and the impact of expected forfeitures. The social cost rate at which the accrual is made follows the tax domicile within which other compensation charges for a grantee are recognized. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Ordinary Share Valuations </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
valuations of our ordinary shares were determined in accordance with the guidelines outlined in the American Institute of Certified Public Accountants Practice Aid, Valuation of Privately-Held-Company Equity Securities Issued as Compensation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We considered objective and subjective factors to determine our best estimate of the fair value of our ordinary shares, including but not
limited to, the following factors: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">recent private stock sale transactions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our historical financial results and estimated trends and prospects for our future financial performance; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our performance and market position relative to our competitors and/or similar publicly traded companies; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the likelihood of achieving a liquidity event, such as an initial public offering, direct listing, or sale of our Company, given internal company and external market conditions; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the economic and competitive environment, including the industry in which we operate; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">third-party valuations of our ordinary shares. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The fair value of our ordinary shares is
determined using the Probability Weighted Expected Return Method (&#147;PWERM&#148;), which is one of the recommended valuation methods to measure fair value in privately held companies with complex equity structures in the American Institute of
Certified Public Accountants Practice Guide, Valuation of Privately-Held-Company Equity Securities Issued as Compensation. We first used the Market Approach, Guideline Company Method, to determine the indicated equity value considering four
scenarios: the High Case Public Company, the Low Case Public Company, the High Case Transaction, and the Low Case Transaction. The public company scenarios reflect the value of Spotify as a public company and encompass scenarios whereby Spotify
becomes a public company through either a direct listing or an initial public offering. We then used the Market and Income Approaches to determine the indicated equity value of Spotify assuming a fifth scenario in which Spotify remains a private
company. These five scenarios were used to allocate value to components of the capital structure. Under the PWERM methodology, for the High Case public company, the Low Case public company, the High Case Transaction, and the Low Case Transaction,
Company exit values were determined and distributed to the shareholders in accordance with various shareholder agreements and then discounted to the valuation date. For the Private Company Case, the scenario-based current Company value was used as
input into a Black-Scholes option pricing model, which allocated this value to the various components of the capital structure. Based on the weightings applied to the scenarios and methodologies utilized, we determined a value for the ordinary
shares under the PWERM. In addition, we have directly considered recent secondary market transactions in determining the Fair Market Value of our ordinary shares. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Content </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We incur royalty
costs for the right to stream music to our Users, paid to certain music record labels and other rights holders. Royalties are calculated using negotiated rates in accordance with license agreements, or
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">76 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
estimates of those rates in instances where rights holders are not identified. Calculations are based on either Premium and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> revenue earned or
User/usage measures or a combination of these. The rights holder agreements are complex and our determination of royalties payable involves certain significant judgments, assumptions, and estimates in addition to complex systems, and a significant
volume of data to be processed and analyzed. In particular, in certain jurisdictions rights holders have several years to claim royalties for works streamed each month. As such, the royalty costs incurred in a period might not be fully settled for a
number of years and are estimated. The estimate of royalty costs requires us to make assumptions about the rates to be recorded for streams where the rights holder is not identified and the potential incidence of duplicate claims and is subject to
revision until settlement. Considering the number of variables impacting the amounts owed, the actual outcome could be different than our estimates, resulting in an additional accrual or release of previously recorded liabilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, some rights holders have allowed the use of their content on our platform while negotiations of the terms and conditions of
individual agreements are ongoing. In these instances, royalties are calculated based on our best estimate of the eventual payout. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Many of the rights holders agreements include the right to audit our royalty payments, and any such audit could result in disputes over
whether we have paid the proper royalties. Given the complexity of the arrangements, if such a dispute were to occur, we could be required to pay additional royalties, and the amounts involved could be material. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">From time to time, we are involved in legal actions or other third-party assertions related to content on our platform. There can be no
assurance these actions or other third-party assertions will be resolved without costly litigation in a manner that does not adversely impact our financial position, results of operations, or cash flows, or without requiring higher royalty payments
in the future, which may adversely impact gross margins. We record a liability when it is probable that a loss has been incurred and the amount can be reasonably estimated. In determining the probability of a loss and consequently, determining a
reasonable estimate, management is required to use significant judgment. Given the uncertainties associated with any litigation, the actual outcome can be different than our estimates and could adversely affect our results of operations, financial
position, and cash flows. See &#147;Risk Factors&#151;Risks Related to Our Business&#151;Our royalty payment scheme is complex, and it is difficult to estimate the amount payable under our license agreements.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have certain arrangements whereby royalty costs are paid in advance or are subject to minimum guaranteed amounts. These minimum guarantee
amounts have been disclosed in Note 23 of the consolidated financial statements, included elsewhere in this prospectus. An accrual is established when actual royalty costs to be incurred during a contractual period are expected to fall short of the
minimum guaranteed amounts. For minimum guarantee arrangements for which we cannot reliably predict the underlying expense, we will expense the minimum guarantee on a straight-line basis over the term of the arrangement. We also have certain royalty
arrangements where we would have to make additional payments if the royalty rates for specified periods were below those paid to certain other licensors (most favored nation clauses). For rights holders with this clause, we compare royalties
incurred to date plus estimated royalties payable for the remainder of the period to estimates of the royalties payables to other appropriate rights holders, and the shortfall, if any, is recognized on a straight-line basis over the period of the
applicable most favored nation clause. An accrual and expense is recognized when it is probable that we will make additional royalty payments under these terms. The expense related to these accruals is recognized in cost of revenue. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Convertible Notes, Warrants, and Contingent Options </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Convertible Notes, warrants, and contingent options are remeasured at each reporting date using valuation models using input data, which
includes the fair value of our ordinary shares, including the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">77 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
assumptions for probability scenarios and PWERM as determined above. The change in fair value of these financial liabilities are recognized in finance income or cost in the consolidated statement
of operations. The fair value of our ordinary shares is a primary driver of the fair value of the warrants and contingent options. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
fair value of our Convertible Notes was determined based on consideration and weighting future scenarios, a Near Term Exit (where the notes are convertible into shares of ordinary shares in the case of a specified conversion event) and a Private
Company Case. In accordance with the terms of the Convertible Notes agreements, a direct listing was not considered a specified conversion event and unless the terms are amended, the notes would remain outstanding until maturing in 2021 at a 10%
return plus accrued interest. A key assumption in the Near Term Exit scenario was that upon a direct listing the terms would be <FONT STYLE="white-space:nowrap">re-negotiated</FONT> to allow a direct listing to qualify as a specified conversion
event. The value at the time of a Near Term Exit and at maturity is discounted based on market interest rates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If factors change and
different assumptions are used, our&nbsp;finance costs, (net) could be materially different in the future. An increase in the fair value of our ordinary shares will negatively impact earnings as it increases the fair value of the Convertible Notes
and warrants while the increase will positively impact earnings related to the contingent options. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See Note 22 to our consolidated
financial statements included elsewhere in this prospectus for additional information on the valuation models used in for our Convertible Notes, warrants and contingent options. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Income Taxes </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are subject to
income taxes in Luxembourg, Sweden, the United States, and numerous foreign jurisdictions. Significant judgment is required in determining our uncertain tax positions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Deferred tax assets are recognized for unused tax losses, unused tax credits, and deductible temporary differences to the extent that it is
probable that future taxable profits will be available, against which they can be used. Unused tax loss carry-forwards are reviewed at each reporting date and have not been recorded when we believe we will not generate future taxable income to
utilize the loss carry-forwards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In determining the amount of current and deferred income tax, we take into account the impact of
uncertain tax positions and whether additional taxes, interest, or penalties may be due. Although we believe that we have adequately reserved for our uncertain tax positions, we can provide no assurance that the final tax outcome of these matters
will not be materially different. We make adjustments to these reserves when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different
than the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made and could have a material impact on our financial condition and operating results. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Recent Accounting Pronouncements </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">See Note 2 to our consolidated financial statements included elsewhere in this prospectus for recently adopted accounting pronouncements and
recently issued accounting pronouncements not yet adopted as of the dates of the statement of financial position included in this prospectus. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Liquidity and Capital Resources </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our principal sources of liquidity are our cash and cash equivalents, short term investments, and cash generated from operations. Cash and cash
equivalents and short term investment securities consist mostly of cash </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">78 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
on deposit with banks, investments in money market funds, and investments in government securities, corporate debt securities, and collateralized reverse purchase agreements. Cash and cash
equivalents and short term investments increased by &#128;988&nbsp;million from &#128;597&nbsp;million as of December&nbsp;31, 2015 to &#128;1,585&nbsp;million as of December&nbsp;31, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe our existing cash and cash equivalent balances and the cash flow we generate from our operations will be sufficient to meet our
working capital and capital expenditure needs for at least the next 12 months. However, our future capital requirements may be materially different than those currently planned in our budgeting and forecasting activities and depend on many factors,
including our rate of revenue growth, the timing and extent of spending on content and research and development, the expansion of our sales and marketing activities, the timing of new product introductions, market acceptance of our products, our
continued international expansion, competitive factors, and overall economic conditions, globally. To the extent that current and anticipated future sources of liquidity are insufficient to fund our future business activities and requirements, we
may be required to seek additional equity or debt financing. The sale of additional equity would result in additional dilution to our shareholders, while the incurrence of debt financing or additional convertible debt would result in debt service
obligations. Such debt instruments also could introduce covenants that might restrict our operations. We cannot assure you that we could obtain additional financing on favorable terms or at all. See &#147;Risk Factors&#151;Risks Related to Our
Business&#151;We may require additional capital to support business growth and objectives, and this capital might not be available on acceptable terms, if at all.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Cash Flow </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as
compared to the year ended December&nbsp;31, 2016 </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in &#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flows (used in)/from operating activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flows used in investing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(67</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(827</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net cash flow from financing activities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">476</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">916</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Operating activities. </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Cash from operating activities increased by &#128;139&nbsp;million to &#128;101&nbsp;million for the year ended December&nbsp;31, 2016 as
compared to 2015. The increase in net cash from operations was primarily due to more timely collection from customers and an increase in deferred subscription revenue, content accruals, and certain provisions. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Investing activities. </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Cash used in investing activities increased by &#128;760&nbsp;million, primarily due to our net cash outflow for purchases and sales of short
term investments of &#128;788&nbsp;million, which included the proceeds from the issuance of our Convertible Notes. This was partially offset by a &#128;17&nbsp;million decrease in cash used for purchases of property and equipment. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Financing activities. </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Cash from financing activities increased &#128;440&nbsp;million for the year ended December&nbsp;31, 2016 as compared to 2015. The increase in
financing cash flows was primarily due to the net proceeds of &#128;861&nbsp;million received from the issuance of our $1,000&nbsp;million Convertible Notes, an increase in proceeds from the exercise of share options of &#128;27&nbsp;million, and
the issuance of warrants of &#128;27&nbsp;million. The increase was partially offset by &#128;474&nbsp;million of cash received from the issuance of additional shares in 2015. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">79 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Free Cash Flow </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Year ended December&nbsp;31, 2015 as compared to the year ended December&nbsp;31, 2016 </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year&nbsp;ended&nbsp;December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in &#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Free Cash Flow</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(92</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Free cash flow increased by &#128;165&nbsp;million to &#128;73&nbsp;million for the year ended
December&nbsp;31, 2016 as compared to 2015. The increase in free cash flow was primarily due to the improvement in cash from operations of &#128;139&nbsp;million due to more timely collection from customers and an increase in deferred subscription
revenue, content accruals, and certain provisions. For a discussion of the limitations associated with using Free Cash Flow rather than IFRS measures and a reconciliation of Free Cash Flow to net cash flows from operating activities, see
&#147;Selected Historical Financial Information and Other Data.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Restrictions on Subsidiaries to Transfer Funds </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The payment of dividends and the making, or repayment, of loans and advances to the Company by the Company&#146;s direct subsidiaries and such
payments by its indirect subsidiaries to their respective parent entities are subject to various restrictions. Existing and future indebtedness of these subsidiaries may prohibit the payment of dividends or the making, or repayment, of loans or
advances to the Company. In addition, the ability of any of the Company&#146;s direct or indirect subsidiaries to make certain distributions may be limited by the laws of the relevant jurisdiction in which the subsidiaries are organized or located,
including financial assistance rules, corporate benefit laws, liquidity requirements, requirements that dividends must be paid out of reserves available for distribution, and other legal restrictions which, if violated, might require the recipient
to refund unlawful payments. Spotify AB, which, directly or indirectly through its subsidiaries, conducts much of the Spotify Group&#146;s business, may only make dividends to the Company if there would continue to be full coverage of its restricted
equity following such dividend, and only if doing so would be considered prudent under Swedish law given the needs of Spotify AB and its subsidiaries. Loans and other advances from Spotify AB to the Company may be subject to essentially the same
restrictions as dividends. Since the Company is expected to rely primarily on dividends from its direct and indirect subsidiaries to fund its financial and other obligations, restrictions on its ability to receive such funds may adversely impact the
Company&#146;s ability to fund its financial and other obligations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Indebtedness </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our outstanding indebtedness consists primarily of our Convertible Notes, as further described below. We may from time to time seek to retire
or exchange our outstanding indebtedness. Such repayments or exchanges, if any, will depend on prevailing market conditions, our liquidity requirements, contractual restrictions, and other factors. The amounts involved may be material. For
additional information regarding our interest rate risk and interest rate hedging instruments, see &#147;&#151;Quantitative and Qualitative Disclosures About Market Risk&#148; below. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Description of Convertible Notes </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&nbsp;24, 2016, we entered into a convertible note purchase agreement, pursuant to which, on April&nbsp;1, 2016, we issued and sold
Convertible Notes which are guaranteed by certain of our subsidiaries to various &#147;accredited investors&#148; within the meaning of Rule 501(a)(1), (2), (3), or (7)&nbsp;under the Securities Act. The Convertible Notes were issued without
registration in reliance on the exemption afforded by Rule 144A and Regulation S of the Securities Act, and Rule 506 promulgated thereunder. The Convertible Notes were issued at par and bear interest of 5.0% <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">payment-in-kind</FONT></FONT> interest increasing by 100 basis points every six months after </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">80 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
April&nbsp;1, 2018. Upon a specified conversion event occurring, the Convertible Notes will convert into ordinary shares at a conversion rate reflecting a conversion price equal to the lesser of
a price cap per share or a discount to the per share price of our ordinary shares. A direct listing is not considered a specified conversion event. Since a specified conversion event did not occur within the first twelve months of the issue date,
the original discount of 20.0% to the per share price of our ordinary shares increased by 250 basis points on April&nbsp;1, 2017 and will increase again every six months thereafter by 250 basis points until a specified conversion event has occurred.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Convertible Notes also have change of control clauses where the noteholders have the option to convert the Convertible Notes into
ordinary shares. On the maturity date, if the Convertible Notes have not been converted or repaid, noteholders will receive cash in an amount equal to the original principal amount plus 10% annualized return. The Convertible Notes include certain
affirmative covenants typical for notes of this type, including the delivery of audited financial statements to the noteholders and certain negative covenants typical for notes of this type, including restrictions on declaring or paying dividends,
redeeming, repurchasing or retiring for value equity interests, incurring additional indebtedness, entering into certain affiliate transactions, and incurring liens, among others. Certain events of default and covenants in the Convertible Notes are
subject to certain thresholds and exceptions described in the agreement governing the Convertible Notes. We strive, to the extent possible, to mitigate our currency exposure in the U.S. dollar denominated Convertible Notes by matching the balance
with U.S. dollar denominated cash equivalents and short term investments creating a natural hedge. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the Tencent
Transactions, in December 2017, certain accredited investors in the Convertible Notes exchanged $301 million of Convertible Notes for 120,000 ordinary shares pursuant to an exchange agreement and subsequently sold such shares to an affiliate of
Tencent. Additionally, pursuant to the December Exchange, in December 2017, certain accredited investors in the Convertible Notes exchanged an aggregate of $110 million of Convertible Notes, plus accrued interest, for an aggregate of 43,874 ordinary
shares. We entered into an exchange agreement with accredited investors holding the remaining balance of our Convertible Notes, pursuant to which we intend to exchange the aggregate remaining of $628 million of Convertible Notes, plus accrued
interest, for an aggregate of 235,799 ordinary shares in January 2018. Pursuant to this exchange agreement, subject to certain conditions, if we fail to list our ordinary shares on or prior to July 2, 2018, we have agreed to offer to each noteholder
the option to unwind the transaction such that we purchase back the shares that were issued to such noteholder pursuant to the exchange and we will issue such noteholder a new note that is materially identical to its note prior to the exchange. At
December&nbsp;31, 2017, we had $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; million outstanding and were in compliance with all of the covenants under our Convertible Notes. See &#147;Summary&#151;Recent Developments.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I><FONT STYLE="white-space:nowrap">Off-balance</FONT> sheet arrangements </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, we do not have transactions with unconsolidated entities, such as entities often referred to as structured
finance or special purpose entities, whereby we have financial guarantees, subordinated retained interests, derivative instruments, or other contingent arrangements that expose us to material continuing risks, contingent liabilities, or any other
obligation under a variable interest in an unconsolidated entity that provides financing, liquidity, market risk, or credit risk support to us. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">81 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Tabular disclosure of contractual obligations </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth our contractual obligations and commercial commitments as of December&nbsp;31, 2016: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Payments due by period</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>Contractual obligations:</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Less&nbsp;than</B><br><B>1 year</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">1-3&nbsp;years</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">3-5&nbsp;years</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>More&nbsp;than</B><br><B>5 years</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible Notes<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,532</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,532</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Minimum guarantees<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Operating lease obligations<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">212</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance leases<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Purchase obligations<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,810</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,576</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Convertible Notes amounts consist of principal and interest payments. See Note 18 of the consolidated financial statements included elsewhere in this prospectus for further details. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We are subject to minimum royalty payments associated with our license agreements for the use of licensed content on our platform. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Operating lease obligations relate to our office space. The lease terms are between one and thirteen years, and the majority of the lease agreements are renewable at the end of the lease period. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Finance leases relate to our obligations on certain leased data-servers. See Note 18 of the consolidated financial statements included elsewhere in this prospectus for further details. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Purchase obligations include all other <FONT STYLE="white-space:nowrap">non-cancellable</FONT> contractual obligations. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsequent to <FONT STYLE="white-space:nowrap">year-end,</FONT> we entered into a <FONT STYLE="white-space:nowrap">17-year</FONT> operating
lease agreement. The total estimated base rent payments over the life of the lease are approximately &#128;600&nbsp;million at the <FONT STYLE="white-space:nowrap">year-end</FONT> spot rate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsequent to <FONT STYLE="white-space:nowrap">year-end,</FONT> we signed multi-year license agreements with certain music labels and
publishers. As of September&nbsp;30, 2017, we have estimated future minimum guarantee commitments of &#128;2.0&nbsp;billion. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Quantitative and
Qualitative Disclosures About Market Risk </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our activities expose us to a variety of market risks. Our primary market risk exposures
relate to currency, interest rate, and share price risks. To manage these risks and our exposure to the unpredictability of financial markets, we seek to minimize potential adverse effects on our financial performance and capital. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Currency Risk </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Currency risk
manifests itself in transaction exposure, which relates to business transactions denominated in foreign currency required by operations (purchasing and selling) and/or financing (interest and amortization). Our general policy is to hedge transaction
exposure on a case-by-case basis, but during 2016, we did not enter into any hedging transactions. To the extent possible, we try to mitigate our currency exposure in the <FONT STYLE="white-space:nowrap">USD-denominated</FONT> Convertible Notes by
matching the balance with <FONT STYLE="white-space:nowrap">USD-denominated</FONT> cash equivalents and short term investments creating a natural hedge. Translation exposure relates to net investments in foreign operations. We do not conduct
translation risk hedging. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Transaction Exposure Sensitivity </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In most cases, our customers are billed in their respective local currency. Major payments, such as salaries, consultancy fees, and rental fees
are settled in local currencies. Royalty payments are primarily settled in Euros </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">82 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
and U.S. dollars. Hence, the operational need to net purchase foreign currency is primarily due to a deficit from such settlements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below shows the immediate impact on net income before tax of a 10% strengthening in the closing exchange rate of significant
currencies to which we have exposure, at December&nbsp;31, 2016. The sensitivity associated with a 10% weakening of a particular currency would be equal and opposite. This assumes that each currency moves in isolation. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>SEK</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>AUD</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>EUR</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>GBP</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>USD</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(Increase)/decrease in loss before tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(36</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(31</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Translation Exposure Sensitivity </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The positive impact on our equity would be approximately &#128;40&nbsp;million if the Euro weakened by 10% against all translation exposure
currencies, based on the exposure at December&nbsp;31, 2016. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Interest Rate Risk </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Interest rate risk is the risk that changes in interest rates will have a negative impact on earnings and cash flow. The fair value of the
Convertible Notes is dependent on market interest rates, which may negatively impact earnings. The Convertible Notes are remeasured at each reporting date using valuation models using input data, which includes market interest rates. Changes in the
fair value of the Convertible Notes are recognized in finance income or cost in the consolidated statement of operations. Based on our outstanding balance of &#128;1,106&nbsp;million under the Convertible Notes as of December&nbsp;31, 2016, an
increase in market interest rates by 100 basis points will decrease the value of the Convertible Notes by &#128;15&nbsp;million. We have not entered into any hedging arrangement to mitigate these fluctuations during the year ended December&nbsp;31,
2016. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Share Price Risk Management </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Share price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in the fair value
of our common share price. Our exposure to this risk relates primarily to the derivative liabilities arising from financing activities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The impact on the fair value of the contingent options with an increase or decrease in our share price of 10% results in a range of
&#128;80&nbsp;million to &#128;122&nbsp;million at December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The impact on the fair value of the warrants with an increase
or decrease in our share price of 10% results in a range of &#128;21&nbsp;million to &#128;43&nbsp;million at December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
impact on the fair value of the Convertible Notes with an increase or decrease in our share price of 10% results in a range of &#128;1,115&nbsp;million to &#128;1,101&nbsp;million at December&nbsp;31, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">83 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_14"></A>LETTER FROM DANIEL EK </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Path&#151;A Note from Daniel Ek, <FONT STYLE="white-space:nowrap">Co-Founder,</FONT> Chief Executive Officer, and Chairman </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">From the age of four, my life was about music and technology&#151;never one without the other. Over time, I realized that by combining my two
passions, I could create a new paradigm, one that helped fans and the creative community&#151;singers, songwriters, bands, everyone in the creative process&#151;chart a new course for an entire industry. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify is the manifestation of those dreams. Music was too important to me to let piracy take down the industry. There had to be a way to
give people access to the music they loved while allowing creators to get paid for their work, and to expand their creativity. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">So I
built a company based on a core set of values: innovation, passion, collaboration, transparency, and fairness. These values drive how we work with the creative community and how we treat our users. They&#146;re why we&#146;re committed to a diverse
workforce in an open, trusting company culture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Today, Spotify is one of the largest drivers of global music revenue. We&#146;ve helped
restore a rapidly shrinking industry to growth, and connected over a million artists with hundreds of millions of fans. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">People
constantly tell me how music has helped them through life&#146;s biggest moments&#151;birth and death, euphoria and heartbreak. At Spotify, we want to enrich, strengthen, and extend those moments and connections. So while some companies rely
entirely on data, we take a different approach. We start with human creativity, augment it with our expertise and understanding, and then leverage with the efficiency of algorithms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Music has just been the beginning. We&#146;re an audio first platform&#151;as a top provider of podcasts, we&#146;re also connecting audiences
to the conversations that we think will shape the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">And we have even bigger aspirations. We envision a cultural platform where
professional creators can break free of their medium&#146;s constraints and where everyone can enjoy an immersive artistic experience that enables us to empathize with each other and to feel part of a greater whole. But to realize this vision,
professional creators must be able to earn a fair living doing what they love, where monetization is at the core of a creative proposition and not an afterthought. We care deeply about our creators and our users and we believe Spotify is a <FONT
STYLE="white-space:nowrap">win-win</FONT> for both. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>That&#146;s our mission&#151;to unlock the potential of human
creativity&#151;by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Everyone who partners with us&#151;employees, users, the creative community, brands, investors&#151;should understand what our mission means
to us, how we make decisions, and why. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>We know that if we&#146;re going to succeed as a company and as an industry, we have to think,
build, plan, and imagine for the long-term. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To build a better world by unlocking human creativity, we are committed to creating a
better experience for users&#151;and to enabling more creators to live off their work. We firmly believe that in the long run, these priorities will provide greater returns to all of our stakeholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>That&#146;s because the future is markedly different from the past. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">84 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The old model favored gatekeepers. Artists had to be signed to a label. They needed
access to a recording studio, and they had to be played on terrestrial radio to achieve success. Today, any artist can produce and release their own music. The biggest challenge today is getting heard, and we believe that Spotify empowers artists to
overcome this challenge. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With access to unprecedented amounts of data and insights, we&#146;re building audiences for every kind of
artist at every level of fame and exposing fans to a universe of songs. In this new world, music has no borders. Spotify enables someone in Miami to discover sounds from Madrid. It links immigrants in Boston to songs back home in Bangkok. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>We&#146;re working to democratize the industry and connect all of us, across the world, in a shared culture that expands our horizons.
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With a catalog that grows by tens of thousands of new creative works every day, Spotify is like a flywheel. Creators and consumers
engage and react to each other, building momentum. These reactions generate even more buzz, which we believe, in turn, fuels even more creativity. Now, we are going to take the lessons we&#146;ve learned in music and apply them across culture. In
the future, Spotify will strive to more meaningfully connect people to the cultural experiences they care about&#151;or don&#146;t yet know they care about&#151;to fit the mood and moment they&#146;re in. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Today&#146;s creators can collaborate with audiences across time zones. They incorporate video and interactive technology to create new and
inspiring art, and more. They release their own work and directly make and reach fans. As we evolve, Spotify will meet creators where they are and empower them with even more tools to do what they love in their own authentic way, and reach even more
people. What started out as an app and grew into a platform must now become a global network&#151;one that recognizes and nurtures the interdependent relationships between creators, producers, publishers, labels, fans, and everyone in between. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>To get there, we need transparency. We need discovery. We need new tools of creativity. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Artists&#146; greatest barriers to success are achieving exposure and earning money. That&#146;s why Spotify wants to create a fair and open
market, where fans can support the artists they love and creators can understand how they&#146;re paid and earn a living. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Musicians, for
example, compete against the entire history of music and a daily flood of new content. The central paradox for fans is that access gives you everything&#151;but everything isn&#146;t enough. Discovery is hard without a compass. Unprecedented choice
at an affordable price must come with effective personalization to help audiences navigate a sea of content, and to help artists directly reach a sea of listeners. With the right mix of data insights contextualized by human experts, Spotify reunites
fans with old favorites, and lets them discover new ones. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We intend to give the creative community the data, technology, and
connections to not only make a living but also accelerate the exposure of their work. We believe that these tools we&#146;re building will go far beyond music, building bonds between creators and consumers across every genre and form. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>And when we get there, the possibilities for culture will completely change. Again. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Today, art has an even greater opportunity to be a transformative cultural force. And culture is the force that binds us all&#151;no matter
who we are or where we&#146;re from&#151;in a shared human experience. It&#146;s what helps us </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">85 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
understand one another across differences. It&#146;s what breaks us out of isolation and brings people together. That&#146;s why, everywhere I go around the world, I see artists finding
inspiration across oceans, drawing on sounds born in one part of the world and making them their own&#151;from punk music in Myanmar to rap in Mongolia. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This is the future we envision; where artists cross genres and cultural boundaries, creating ideas that propel society forward; where fans can
discover something they never would have otherwise; where we&#146;re all part of a global network, building new connections, sharing new ideas, across cultures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We really do believe that we can improve the world, one song at a time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">86 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_15"></A>BUSINESS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Overview </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our mission is to unlock the
potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When we launched our Service in 2008, music industry revenues had been in decline for nine consecutive years. Growth in piracy and digital
distribution were disrupting the industry. People were listening to plenty of music, but the market needed a better way for artists to monetize their music and consumers needed a legal and simpler way to listen. We set out to reimagine the music
industry and to provide a better way for both artists and consumers to benefit from the digital transformation of the music industry. Spotify was founded on the belief that music is universal and that streaming is a more robust and seamless access
model that benefits both artists and music fans. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are the largest global music streaming subscription service. With a presence in
61 countries and growing, our platform includes over 154&nbsp;million MAUs and 62&nbsp;million Premium Subscribers as of September&nbsp;30, 2017, which we believe is nearly double the scale of our closest competitor, Apple Music. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Users are highly engaged. We currently monetize our Service through both subscriptions and advertising. Our Premium Subscribers have grown
54% year-over-year as of September&nbsp;30, 2017 to 62&nbsp;million. Our 154&nbsp;million MAUs have grown 35% year-over-year as of September&nbsp;30, 2017. The Premium Service and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service live
independently, but thrive together. Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service serves as a funnel, driving more than 60% of our total gross added Premium Subscribers since February 2014. With a 51% increase in revenue from our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service from 2015 to 2016, we believe our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service is a strong and viable stand-alone product with considerable long-term opportunity for growth in <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Users and revenue. However, we face intense competition in growing both our Ad-Supported Users and Premium Subscribers, as well as in keeping our Users highly engaged. If User engagement declines or if
we fail to continue to grow our Ad-Supported User base or Premium Subscriber base, our revenue growth will be negatively impacted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the years ended December&nbsp;31, 2015 and 2016, we generated &#128;1,940&nbsp;million and &#128;2,952&nbsp;million in revenue,
respectively, representing an increase of 52%. For the years ended December&nbsp;31, 2015 and 2016, we incurred net losses of &#128;230&nbsp;million and &#128;539&nbsp;million, respectively. For the years ended December&nbsp;31, 2015 and 2016, our
EBITDA was &#128;(205)&nbsp;million and &#128;(311)&nbsp;million, respectively. For the years ended December&nbsp;31, 2015 and 2016, our net cash flow (used in)/from operating activities was &#128;(38)&nbsp;million and &#128;101&nbsp;million,
respectively. For the years ended December&nbsp;31, 2015 and 2016, our Free Cash Flow was &#128;(92)&nbsp;million and &#128;73&nbsp;million, respectively. EBITDA and Free Cash Flow are <FONT STYLE="white-space:nowrap">non-IFRS</FONT> financial
measures. For a discussion of EBITDA and Free Cash Flow and a reconciliation of each to their most closely comparable IFRS measures, see &#147;Selected Historical Financial Information and Other Data.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Music Industry Returns to Growth Led by Streaming </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Global recorded music industry revenues declined by 40% from $23.8&nbsp;billion in 1999 to $14.3&nbsp;billion in 2014 following the launch of
the first internet-based music download service. As Spotify&#146;s access model gained traction, however, that trend reversed itself in 2015 when global recorded music revenues grew more than 3% from the prior year. Growth accelerated in 2016, when
global recorded music revenues reached $15.7&nbsp;billion, an increase of 6% from 2015. This was the highest annual growth rate in 20 years, according to management estimates and industry reports. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Return to Growth was Primarily Driven by Streaming</I>. Streaming is the engine which has primarily restored the global recorded music industry to growth. Streaming revenues increased by 60% in 2016, reaching
$4.6&nbsp;billion, while physical sales and digital download revenues continued to decline at 8% and 21% respectively, according to management estimates and industry reports. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">87 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Streaming is Growing Globally. </I>According to management estimates and industry reports, the return to growth in the recorded music industry was seen in every region measured, namely North America, Europe, Asia,
and Latin America. By transforming user behavior, streaming has become the dominant global format in the music industry, fueling growth in key music markets worldwide. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>The Streaming Market is Still in its Infancy. </I>While streaming has changed the way many people access music, we believe there is an untapped global audience with significant growth potential. Other internet
platforms have shown that they can achieve global scale, including Facebook with an estimated 2.0&nbsp;billion users and YouTube with an estimated 1.5&nbsp;billion users, according to industry reports. We believe the universality of music gives us
the opportunity to reach many of the over 3.6&nbsp;billion internet users globally,<SUP STYLE="font-size:85%; vertical-align:top"> </SUP>according to the International Telecom Union ICT Facts and Figures 2017 Report. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Increasing Penetration of Established Markets. </I>There is opportunity for growth, even in more established markets. According to Nielsen, the average American listens to more than 32 hours of music each week, and
we believe there is significant room to capture additional share of these content hours. Research from MIDiA indicates that listeners who pay for streaming subscription services tend to consume more content hours on average than ad-supported users.
In addition, there are 22.6&nbsp;million paid music subscribers in the U.S., according to RIAA, and 133&nbsp;million users of paid subscription accounts globally, according to MIDiA. To put this in context, in the U.S. there are 115&nbsp;million <FONT
STYLE="white-space:nowrap">TV-enabled</FONT> households according to Nielsen, and 51&nbsp;million households viewing content <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-top</FONT></FONT> according to comScore.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Growth in Smartphone Penetration. </I>In the 61 countries where we are present, there were an estimated 1.2&nbsp;billion payment-enabled smartphone users in 2017. According to research from Ovum, the number of
payment-enabled smartphone users in the countries where we are present is forecast to grow by 28% to approximately 1.6&nbsp;billion by 2021. In a number of countries where we do not currently operate but may have the opportunity in which to expand
in the future, we believe there will be an additional 1.4 billion payment-enabled smartphone users by 2021, excluding China. As a mobile-first platform, we believe we are well-positioned to benefit from the growth in global smartphone users.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Opportunity in the <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Music Market.</I> With our Ad-Supported Service, we believe there is a large opportunity to grow Users and gain share from traditional
terrestrial radio. In the United States alone, traditional terrestrial radio is a $14&nbsp;billion market, according to BIA/Kelsey. The total global radio advertising market is approximately $32&nbsp;billion, according to Magna Global. With a more
robust offering, more <FONT STYLE="white-space:nowrap">on-demand</FONT> capabilities, and access to personalized playlists, we believe Spotify offers Users a significantly better alternative to linear broadcasting. A migration away from radio
broadcasting is likely and it will benefit both consumers and artist alike. </TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Spotify is the Largest Global Music Streaming
Subscription Service </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify has transformed the way people access and enjoy music. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Today, millions of people around the world have access to over 35&nbsp;million tracks through Spotify, whenever and wherever they want. We are
transforming the music industry by allowing Users to move from a &#147;transaction-based&#148; experience of buying and owning music to an &#147;access-based&#148; model which allows users to stream music on demand. In contrast, traditional radio
relies on a linear distribution model in which stations and channels are programmed to deliver a limited song selection with little freedom of choice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are the largest global music streaming subscription service with over 154&nbsp;million MAUs and 62&nbsp;million Premium Subscribers as of
September&nbsp;30, 2017. Based on management estimates and industry reports, Spotify&#146;s global streaming market share was approximately 42% in 2016 as determined by revenue, and we had market share of approximately 41%, 42%, and 59% in the U.S.,
Brazil, and United Kingdom, our three largest markets </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">88 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
by MAUs, respectively. In addition, we accounted for greater than 95% of the streaming market in our home country of Sweden. We made up almost half of global revenues from paid streaming to
record labels in 2016, according to MIDiA. Through September&nbsp;30, 2017, we have paid more than &#128;7&nbsp;billion in royalties to artists, music labels, and publishers since our launch. In 2016, our expenses for rights holders grew by 50%
compared to the prior year, making us one of the largest engines for revenue growth to artists and labels in the music industry. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify
is more than a music streaming service. We are in the discovery business. Every day, fans from around the world trust our brand to guide them to music and entertainment that they would never have discovered on their own. If discovery drives delight,
and delight drives engagement, and engagement drives discovery, we believe Spotify wins and so do our Users. Our brand reflects culture&#151;and occasionally creates it&#151;by turning vast and intriguing listening data into compelling stories that
remind people of the role music plays in their lives and encourages new fans to join Spotify each week. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MAUs </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g97r90.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Premium Subscribers </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g48y68.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Content Hours Consumed Quarterly </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g59y39.jpg" ALT="LOGO">
 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">89 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>How is Spotify Different? </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify is the largest global music streaming subscription service, with over 154&nbsp;million MAUs and 62&nbsp;million Premium Subscribers as
of September&nbsp;30, 2017, which we believe is nearly double the scale of our closest competitor, Apple Music. Spotify&#146;s streaming market share was approximately 42% in 2016 based on management estimates and industry reports. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Scale Provides Unique Data which Enables a Differentiated and Personalized Experience. </I>Many music services have large catalogs, but we believe Spotify is differentiated from other services because we provide
Users with a more personalized experience, driven by powerful music search and discovery engines. We have a large and growing base of Users that are highly engaged on Spotify, which enables us to continuously learn about their listening behaviors
throughout the day. We use this information to create a more personalized and engaging experience for each incremental visit to our platform. We believe this personalized experience is a key competitive advantage as Users are more likely to engage
with a platform that reflects their real-time moods and activities and captures a unique understanding of moments in their lives. This deep understanding of our Users also helps us to tailor content, advertising, marketing, and product bundling
effectively. Our goal is to continue using data and our proprietary algorithms to enhance the listening experience, while also driving discovery of artist content on our platform. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Superior User Experience Drives Industry Leading User Engagement. </I>We believe our superior user experience is what has enabled Spotify to become the largest global music streaming subscription service. Investing
in the User experience has and will continue to generate significant benefits for our platform. As our personalization becomes more refined and music discovery becomes more seamless, we believe we will increase our current Users&#146; engagement and
will attract new Users to our platform. On average, 24 Content Hours Per MAU were streamed in each month of the third quarter of 2017. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Our 154&nbsp;million MAUs have grown 35% year-over-year as of September&nbsp;30, 2017. Our Premium Subscribers have grown 54% year-over-year as
of September&nbsp;30, 2017 to 62 million. A portion of this growth is due to the popularity of our Family Plan, which allows up to six Premium Subscribers in a household for one fixed monthly rate. Our Premium Subscribers include both the master
Family Plan account as well as any sub-accounts associated with each household. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Spotify Playlists are the Driving Force Behind Music Discovery and Demand Creation on our Service. </I>As our Service has grown, our challenge has been to connect millions of Users&#151;all with distinct listening
preferences&#151;with a large catalog of over 35&nbsp;million tracks as of September&nbsp;30, 2017. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Spotify has become an
essential partner to both aspiring and established artists by enabling their music to be discovered. Our playlists have become a key discovery tool for Users to find new artists and new music from their favorite artists. Given the success of our
playlists in driving music discovery, they have become one of the primary tools that labels, artists, and managers use in order to boost artists and measure success. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">One prominent example of how Spotify enabled an aspiring artist to reach a global audience is international pop star Lorde. Lorde started out
as a singer-songwriter from New Zealand looking to break out with her new single, &#147;Royals,&#148; when Sean Parker added her single to his popular playlist Hipster International. After approximately one month, Lorde had jumped past prominent
artists such as Katy Perry, Drake, and Lady Gaga to land at the top of Spotify&#146;s Viral Chart, and after eight months, she had reached over 100&nbsp;million streams on Spotify and was #1 on the Billboard Hot 100. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Another example is Lauv, who we identified as a talented new artist and helped succeed by helping Spotify Users discover his music. Prior to
2016, Lauv was an indie artist with a limited number of mainstream fans. In early 2017, Lauv&#146;s track &#147;The Other&#148; was added to Today&#146;s Top Hits. The song quickly grew in popularity, with average daily streams of the song
increasing nearly threefold in the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">90 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">
following three months,&nbsp;growing to approximately 750,000 streams per day. Approximately 70% of those streams came from our programmed playlists. In the middle of 2017, after the success of
&#147;The Other,&#148; we were able to help Lauv build his brand identity and personal profile. His next song &#147;I Like Me Better&#148; was released in May&nbsp;2017 and, after its subsequent inclusion into our curated playlists as well as our
machine-generated playlists, it peaked at over 4&nbsp;million streams per day. We believe that we are uniquely positioned to help artists reach their full potential. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Many of our Users also rely on Spotify to help soundtrack their day, through editorially-curated playlists like RapCaviar or personalized
machine-generated playlists like Discover Weekly, Daily Mix, or Release Radar. Our machine-generated playlists have been made possible by our investments in artificial intelligence and machine learning, which power our music discovery engine. We now
program approximately 29% of all listening on Spotify across these and other playlists, compared to less than 20% two years ago. As Users choose to let Spotify program more of their listening, all participants in the music ecosystem benefit. Users
discover new music and are still able to listen to their favorite classics, while new and established artists are able to grow their exposure and gain fans. Using our artificial intelligence and machine learning capabilities, we are able to find,
promote and program songs whether they are established hits or &#147;hidden gems.&#148; This enables Users to find great content that is personalized for them, but that may not be currently in their personal libraries or at the top of the charts.
</P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Spotify&#151;Building a <FONT STYLE="white-space:nowrap">Two-Sided</FONT> Marketplace </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are building a <FONT STYLE="white-space:nowrap">two-sided</FONT> music marketplace for Users and artists, which is powered by data,
analytics, and software. We have been instrumental in reshaping the way in which our Users enjoy, discover, and share music. Spotify Users can choose exactly what they want to listen to, can allow our platform to create their music experience by
listening to our personalized and curated playlists, or can choose a mix of the two. Spotify provides fans with a way to discover and enjoy music, and artists with an additional avenue to showcase and be compensated for their creative works. For
artists, Spotify provides a platform from which they can reach and interact with their fans, as well as analytics which provide a better and more thorough understanding of their fan base. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Given Spotify&#146;s large audience, we are able to provide artists with unique insights into their fan base. These insights enable artists to
promote music their audiences are likely to enjoy, to plan concerts and events according to where their fans are, and to actively communicate with fans who are interested in their music. Because artists can target the Users who are most likely to
enjoy their content, they are able to increase their royalty-based revenue and bolster revenue from ancillary services, such as concerts and merchandise. Providing this information to artists helps them to support themselves and to be able to live
off of their creative work. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Benefits for Users </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are focused on enabling the discovery and curation of music for our Users through our range of products and services: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Playlists and Personalization</I>. Users benefit from our ability to help them navigate our more than 35&nbsp;million tracks as of September&nbsp;30, 2017. We do this by providing Users with editorially curated and
machine-generated playlists. From the moment Users open the Spotify app, we serve them a personalized homepage with content that reflects our understanding of their music tastes, listening habits, musical moods, and daily activities. The homepage is
a gateway to a universe of content, and we aim to make that universe accessible, dynamic, and engaging. We believe Users are more likely to engage with a platform that reflects their real-time moods and activities and captures a unique understanding
of moments in their lives. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">91 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I><FONT STYLE="white-space:nowrap">Ad-Supported</FONT> and Premium Listening</I>. We provide a wide range of listening options that meet the varying needs of our rapidly growing User base and also address our
Users&#146; real-time moods and activities and captures a unique understanding of moments in their lives. Our listening options include our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service, Family Plan, Student Plan, and individual
Premium subscriptions. Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service serves as both a Premium Subscriber acquisition channel and also a robust option for Users who are unable or unwilling to pay a monthly subscription fee but
still want to enjoy access to a wide variety of high-quality music and other content. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Cross-Platform Flexibility</I>. We strive to reach Users wherever they are in the world, which means that Spotify is built to be functional across multiple platforms&#151;from smartphones to laptops to video game
consoles to cars. The flexibility of our platform and the ability to access it via a single user ID across mobile, tablet, and other connected devices creates a seamless and integrated experience that is designed to fit a variety of lifestyles. <FONT
STYLE="white-space:nowrap">In-home</FONT> devices, such as Amazon&#146;s Echo, Google&#146;s Google Home and Chromecast, Sonos&#146; home theater systems, Sony&#146;s PlayStation, and many smart TVs, all offer Spotify integrations. As an independent
service, we are uniquely positioned to work with the broadest set of partners in the ecosystem. We continue to promote cross-platform engagement in order to make music accessible to anyone, anywhere, at any time. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Benefits for Creators </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify
provides a large stage for creators and artists to connect with existing fans and to be discovered by new fans. In addition to providing artists with access to the largest global music streaming subscription service, we also provide artists with a
full stack of tools and services, enabling them to grow their businesses on a single platform. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Monetization. </I>Through September&nbsp;30, 2017, we have paid more than &#128;7&nbsp;billion in royalties to artists, music labels, and publishers since our launch. In 2016, our expenses for rights holders grew by
50% <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-over-year.</FONT></FONT> We believe that our number of Premium Subscribers is nearly double the size of our nearest competitor. We also believe our Ad-Supported model is
advantageous to creators, particularly recording artists in the United States, as United States radio does not compensate them for their work while Spotify pays royalties to those artists on our Service. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Discovery.</I> We not only help artists connect with existing fans, but we also support artists in connecting with the Users who are most likely to become fans of their music. From our curation algorithms and data
assets that surface new music to Users in playlists, to physical billboards, branded events, and personalized campaigns, we offer artists the tools to connect with fans, new and old. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Distribution.</I> An artist who makes their music available on Spotify gains access to the largest global music streaming subscription service based on our 154&nbsp;million MAUs as of September&nbsp;30, 2017. We
offer our Service in 61 countries around the world. We enable artists to distribute entire albums and individual songs to this audience. We also place artists&#146; content on playlists, further amplifying their reach. Artists and their managers can
track their distribution with song play data, playlist data, and playlist notifications. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Promotion</I>. We empower artists and their managers to personalize and create unique artist profiles by providing them with tools to develop their artist image, including featuring songs on their artist profiles and
creating artist playlists. On top of these standard services, we also offer artists specific promotional tools, designed to target specific Users and broad audiences in order to drive engagement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Analytics</I>. We provide numerous analytics for artists through our Spotify for Artists service. Analytics
that artists can access include the demographics of their listening audience, Users&#146; anonymized geographical locations, similar artists that their fans listen to, the number of real-time users, song performance data, playlist data, and playlist
notifications. We provide the analytical support that artists </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">92 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
need to optimize their performance and focus on doing what they do best&#151;creating unique, entertaining experiences to share with fans around the world. For example, many artists have used our
analytics to inform tour locations in countries they otherwise would not have known. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Tools for Creation.</I> Our Creator Technology Research Lab focuses on making tools to help artists in their creative process&#151;with a goal of helping artists at all career stages to realize their creative
visions. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Business Model </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We offer both Premium and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Services. Our Premium and
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Services live independently, but thrive together. We believe this business model has allowed us to achieve scale with attractive unit economics and is a critical part of our success. Our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service serves as a funnel, driving more than 60% of our total gross added Premium Subscribers since February 2014. With a 51% increase in revenue from our
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service from 2015 to 2016, we believe our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service is a strong and viable stand-alone product with considerable long-term opportunity for growth
in <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users and revenue. However, we face intense competition in growing both our Ad-Supported Users and Premium Subscribers, as well as in keeping our Users highly engaged. If user engagement
declines or if we fail to continue to grow our Ad-Supported User base or Premium Subscriber base, our revenue growth will be negatively impacted. See &#147;Risk Factors&#151;Risks Related to Our Business&#151;If our efforts to attract prospective
Users and to retain existing Users are not successful, our growth prospects and revenue will be adversely affected.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We continue to
invest heavily in developing our <FONT STYLE="white-space:nowrap">two-sided</FONT> marketplace with new and better product features and functionality for Users and creators and believe our investments are leading to higher User engagement and
enjoyment. </P>  <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">93 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are currently in 61 countries and are growing in each of the four geographic regions
that we are present. Europe is our largest region with 55&nbsp;million MAUs, accounting for 36% of our total User base as of September&nbsp;30, 2017, an increase of 30% from the prior year. In our North America region, MAUs increased by 25% from
September&nbsp;30, 2016 to September&nbsp;30, 2017 and now account for 32% of our MAUs. Our two fastest growing regions are Latin America, with 22% of our MAUs, an increase of 46% from September&nbsp;30, 2016 to September&nbsp;30, 2017, and the rest
of the world, with 10% of our MAUs, an increase of 67% from September&nbsp;30, 2016 to September&nbsp;30, 2017. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Europe MAUs</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>North America MAUs</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g00o13.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g15z03.jpg" ALT="LOGO">
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Latin America MAUs</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Rest of World MAUs</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g41y57.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g47z40.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">94 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users and Premium Subscribers
are spending more time with the Service each year. From a content perspective, on average 24 Content Hours Per MAU were streamed in each month of the third quarter in 2017, up 14% from the third quarter in 2016 and up 29% from the third quarter in
2015. Historically, our Premium Subscribers have streamed more than three times the amount of content per month than <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Ratio of Total Daily Active Users / MAUs<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Content Hours Per MAU</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g77v17.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g55y85.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Daily active Users (&#147;DAUs&#148;) refers to the total count of Ad-Supported Users and Premium Subscribers that have consumed content for greater than zero milliseconds on a given day. DAU/MAU ratio is defined as
average number of DAUs over the quarter divided by the average of the MAUs for each month in the quarter. </TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Premium Service </B></P>
 <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Premium Service provides Premium Subscribers with unlimited online and offline high-quality streaming access to our catalog. In
addition to accessing our catalog on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. The Premium Service offers a commercial-free music experience. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We generate revenue for our Premium segment through the sale of Premium Services. Premium Services are sold directly to end users and through
partners who are generally telecommunications companies that bundle the subscription with their own services or collect payment for the stand-alone subscriptions from end customers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We offer a variety of subscription pricing plans for our Premium Service, including our standard plan, Family Plan, and Student Plan, to
appeal to Users with different lifestyles and across various demographics and age groups. Our pricing varies by plan and is adapted to each local market to align with consumer purchasing power, general cost levels, and willingness to pay for a music
service. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, as we have entered into new markets where recurring subscription services are less common, we have expanded
our subscription products to include prepaid options and durations other than monthly (both longer and shorter durations), as well as expanded both online and offline payment options. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Premium partner services are priced on a <FONT STYLE="white-space:nowrap">per-subscriber</FONT> rate in a negotiated agreement and may include
minimum guarantees for the number of subscriptions that will be purchased from us. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Revenue for our Premium segment is a function of
the number of Premium Subscribers who use our Premium Service. As of December&nbsp;31, 2015 and 2016, we had approximately 28&nbsp;million and 48&nbsp;million Premium Subscribers, respectively. New Premium Subscribers primarily are sourced from the
conversion of users on our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service to Premium Subscribers. Through both our online platform and external marketing efforts, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">95 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
we engage our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users by highlighting key features that encourage conversion to our subscription offerings. These efforts include product links,
campaigns targeting existing users, and performance marketing across leading social media platforms. Additionally, new subscriber growth also is driven by the success of converting users from our <FONT STYLE="white-space:nowrap">bi-annual</FONT>
trial programs to full-time Premium Subscribers. These trial campaigns typically offer our Premium Service free or at a discounted price for a period of time and accounted for approximately 27% and 23% of total gross added Premium Subscribers for
the years ended December&nbsp;31, 2015 and 2016, respectively. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Premium Subscribers in Europe</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Premium Subscribers in North America</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g02z13.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g63n49.jpg" ALT="LOGO">
</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Premium Subscribers in Latin America</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Premium Subscribers in Rest of World</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g40o41.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g66y32.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">96 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With engagement increasing, Premium Churn has continued to trend lower. In the third
quarter of 2017, Premium Churn was 5.6%, down from 6.4% in the third quarter of 2016 and down from 9.2% in the third quarter of 2015. As our User base matures, and with the growth in higher retention products such as our Family Plan and Student
Plan, we believe Premium Churn will continue to trend lower over time. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Premium Churn</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g32g10.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The rate of net growth in Premium Subscribers also is affected by our ability to retain our existing
Premium Subscribers and the mix of subscription pricing plans. We have increased retention over time, as new features and functionality have led to increased user engagement and satisfaction. From a product perspective, while the launches of the
Family Plan and our Student Plan have decreased Premium ARPU (as further described below) due to the lower price points per Premium Subscriber for these Premium pricing plans, each has helped improve retention across the Premium Service. As a
result, while Premium ARPU declined by 9% compared to 2015, in part due to the launch of the Family Plan in 2016, Premium Churn declined by 1.1% from 7.7% in 2015 to 6.6% in 2016. With the growth in higher retention products, such as our Family Plan
and Student Plan, we believe these trends will continue in the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Approximately one third of monthly churn is due to payment
failure. Based on historical data from the beginning of 2015 to date, approximately 40% of the Premium Subscribers who churned rejoined within 3 months, approximately 45% rejoined within 6 months, and 50% rejoined within 12 months. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our platform is built to work across multiple devices, including smartphones, desktops, cars, game consoles, and <FONT
STYLE="white-space:nowrap">in-home</FONT> devices, which helps drive increased User engagement. We have found that Premium Subscribers who access our Service over multiple devices have higher engagement and lower Premium Churn, which increases their
expected lifetime value to Spotify. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service has no subscription fees and provides Users with limited <FONT
STYLE="white-space:nowrap">on-demand</FONT> online access to our catalog on their computers and tablets and shuffle-only access on compatible mobile devices. We generate revenue for our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> segment
from the sale of display, audio, and video advertising delivered through advertising impressions. We generally enter into arrangements with advertising agencies that purchase advertising on our platform on behalf of the agencies&#146; clients. These
advertising arrangements typically specify the type of advertising product, pricing, insertion dates, and number of impressions in a stated period. Revenue for our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> segment is primarily impacted by
the number of our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users, the total Content Hours Per MAU of our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users, and our ability to provide innovative advertising products that are
relevant to our Users and enhance returns for our advertising partners. Our advertising strategy centers on the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">97 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
belief that advertising products that are based in music and are relevant to the user can enhance Users&#146; experiences and provide even greater returns for advertisers. We have already
introduced a number of new advertising products, including sponsored playlists. Offering advertisers additional ways to purchase advertising on a programmatic basis is a key way that we intend to expand our portfolio of advertising products and
enhance advertising revenue. Furthermore, we continue to focus on analytics and measurement tools to evaluate, demonstrate, and improve the effectiveness of advertising campaigns on our platform. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Growth Strategies </B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe we
are still in the early stages of realizing our goal to connect artists and audiences around the world. Our growth strategies are focused on continuously improving our technology and attracting more Users in current and new markets in order to
collect more behavioral data, which we use to offer our Users, advertisers, and artists an even better experience. The key elements of our growth strategy are: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Continually Enhance our Platform in Order to Retain and Grow Our User Base. </I>We will continue to (i)&nbsp;invest heavily in research and development, (ii)&nbsp;make strategic acquisitions in order to enhance our
product capabilities, and (iii)&nbsp;make our offerings more attractive to existing and prospective Users. We will continue to invest in our artificial intelligence and machine learning capabilities to deepen the personalized experience that we
offer to all of our Users. Our acquisitions of Mighty TV, Niland, Sonalytic, Soundtrap, and The Echo Nest Corporation are examples of such investments, and we will continue to look for assets to further improve our user experience.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Further Penetrate our Existing Markets. </I>In aggregate, only 12% of the payment-enabled smartphone users in the 61 countries in which we have active Users use our platform, based on estimates from Ovum, as of
September&nbsp;30, 2017. This statistic is calculated as the number of Spotify Users within a country divided by the total number of smartphone owners in that country. By pursuing initiatives that drive the continued growth of our User base within
our existing markets, we hope to take advantage of this current low penetration rate. These initiatives include enhancing our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> offering, continuing to improve our playlists, enhancing the
personalization of our music delivery, bringing even more artists to our platform, and expanding our content offerings. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Enter New Geographies. </I>In the last two years, we launched Spotify in Japan, Indonesia, and Thailand, and we expect to continue to expand geographically in order to provide Users around the world with full access
to the Spotify music catalog. Before launching in a new market, we typically optimize the local Spotify experience for local music preferences. A User in the United States typically has very different preferences than a User in Mexico, Japan, or
Sweden. We seek to obtain the rights to popular local content and have local curators where it makes sense. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Continue to Invest in our Advertising Business.</I> We will continue to invest in our advertising products in order to create more value for advertisers by enhancing their ability to make advertising content more
relevant for our Users. Our advertising strategy centers on the belief that advertising products that are based in music and are relevant to the User can enhance users&#146; experiences and provide even greater returns for advertisers. We have
introduced a number of new advertising products, including sponsored playlists. Offering advertisers additional ways to purchase advertising on a programmatic basis is one example of how we continue to expand our portfolio of advertising products.
We also are focused on developing analytics and measurement tools to evaluate, demonstrate, and improve the effectiveness of advertising campaigns on our platform. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Expand our <FONT STYLE="white-space:nowrap">Non-music</FONT> Content and User Experience.</I> We are an audio first platform and have begun expanding into <FONT STYLE="white-space:nowrap">non-music</FONT> content
like podcasts. We hope to expand this offering over time to include other <FONT STYLE="white-space:nowrap">non-music</FONT> content, such as spoken word and short form interstitial video. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><I>Expand our &#145;Spotify for Artists&#146; Initiatives. </I>We will continue to make investments in the
artistic community, by providing artists with even more ways to connect with their fans. By investing in tools </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">98 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">
that will help further the creation of music, we hope to find more ways to help artists reach Users to grow their audiences. We enable artists to communicate more directly with their fans through
our platform and to monetize their creative works. </P></TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Services </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Our User Experience </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We combine
a sleek and seamless user interface with our artificial intelligence and machine learning capabilities to create a sophisticated yet user-friendly platform. From the moment Users open the Spotify app, we serve them a personalized homepage with
content that reflects our understanding of their music tastes, past listening habits, musical moods, and daily activities. The homepage is a gateway to a universe of content, and we aim to make that universe accessible, dynamic, and engaging. </P>
 <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g18b15.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g494294g43c16.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g494294g63r06.jpg" ALT="LOGO">
</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">99 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We provide our Users with a wide range of ways to search, browse, and discover music and
other content. These include: </P>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>  <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em" ALIGN="right">


<IMG SRC="g494294g48n63.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>Personalized Playlists. </I>Our technology automatically creates personalized playlists that are regularly updated. Examples include Discover Weekly, Daily Mix, Release Radar, and Your Summer Rewind. As of September&nbsp;30,
2017, personalized playlists account for approximately 16% of our monthly Content Hours.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em" ALIGN="right">


<IMG SRC="g494294g81b12.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>Curated Playlists</I>. Our editorial team carefully curates playlists that allow Users to listen to music in specific genres or to match their moods. Examples include RapCaviar, Today&#146;s Top Hits, Peaceful Piano, and
Acoustic Covers. RapCaviar has over eight million followers as of September&nbsp;30, 2017, more than the number of users of any specific hip hop radio station in the United States according to Nielsen. As of September&nbsp;30, 2017, curated
playlists account for approximately 12% of our monthly Content Hours.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em" ALIGN="right">


<IMG SRC="g494294g94d71.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>User Generated Playlists</I>. We have created simple tools that enable Users to quickly curate and save their playlists to share with other Users. On December&nbsp;9, 2017, we had over 3.2&nbsp;billion User generated
playlists, most of which are created by Users and generate more than 500&nbsp;million streams daily. As of September&nbsp;30, 2017, User generated playlists account for approximately 37% our monthly Content Hours.</TD></TR>
</TABLE></DIV>   <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><I>Personalized Radio: </I>In addition to our thousands of playlists, we offer a responsive and
intelligent radio streaming service, which grows and evolves along with a Users&#146; taste and choices. Our radio feature uses algorithms that take a User&#146;s chosen song or artist to create an online radio station. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Exciting New Content Options, Formats, and Offerings </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to the more than 35&nbsp;million tracks in our catalog as of September&nbsp;30, 2017, we have developed other forms of content,
such as podcasts and short form video, to provide our Users with even more diversity of content. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="30%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g494294g79j59.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">


<IMG SRC="g494294g12z62.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">


<IMG SRC="g494294g78m18.jpg" ALT="LOGO">
</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">100 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g494294g22y84.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><I>Podcasts. </I>We offer a growing number of podcasts, which have gained significant traction with Users, creators, brands, and advertisers. Our platform enables seamless dissemination of podcasts covering a wide range of genres
and topics, including musical content, sports, business and finance, travel, and cooking, among many others. There were a total of 348&nbsp;million podcast listeners across all platforms worldwide at the end of 2016 and they are expected to increase
to 484&nbsp;million by the end of 2017 according to Ovum, representing growth of 39% year-over-year. This engagement presents a significant opportunity for Spotify as we believe we have the ability to enhance the podcast user experience with a
better product that is focused on discovery.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g494294g83z53.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><I>Video. </I>We also have invested in expanding our content offerings to include video. Embedding video clips into activity-based playlists helps provide a visual layer to our content offerings, allowing artists to promote their
music further through graphics or photos on social media platforms while the song is playing. Integrating video into our most popular playlists, such as RapCaviar, Rock This, and Viva Latino, enables us to convert our listeners into viewers of
content. Video content includes interviews, freestyles, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">behind-the-scenes</FONT></FONT> footage, and full-length music videos.</TD></TR>
</TABLE></DIV>   <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to our <FONT STYLE="white-space:nowrap">on-platform</FONT> services, we are helping
our Users see and experience their favorite artists <FONT STYLE="white-space:nowrap">in-person.</FONT> Our concerts feature provides Users with lists and notifications of who&#146;s playing live and nearby. For artists, we provide an additional
means to target fans and potential fans. We have at various times partnered with Ticketmaster, AXS, and Eventbrite to give fans access to concert tickets. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Variety of Premium Plans and Pricing </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Premium Service provides Premium Subscribers with unlimited online and offline high-quality streaming access to our catalog. The Premium
Service offers a commercial-free music experience. We also offer a variety of Premium subscription pricing plans to appeal to Users with different lifestyles, across various demographics and <FONT STYLE="white-space:nowrap">age-groups.</FONT> Our
pricing is adapted to each local market to align with consumer purchasing power and general cost levels and willingness to pay for a music service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, as we have entered into new markets where recurring subscription services are less common, we have expanded our subscription
products to include prepaid options and durations other than monthly (both longer and shorter durations), as well as expanded both online and offline payment options. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We created the Student Plan to tap into the student population, because these users tend to have high retention and tend to migrate to our
Premium Service over time. The purchase of a Student Plan is subject to third-party student verification. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We created the Family Plan to
offer a better subscription experience for households so that every household member can have a unique individual account rather than share one account for music listening. This enables us to tailor and program the experience to the individual,
including our signature recommendation playlists such as Discover Weekly, Release Radar, and Daily Mix. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">101 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Advertising Solutions for Partners </I></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g99q77.jpg" ALT="LOGO">
 </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service has grown from &#128;196&nbsp;million
in 2015 to &#128;295&nbsp;million in 2016, representing an increase of 51%. The gross margins in our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> segment also have improved over the years, as the cost of revenue of this business has
decreased from 113% in 2015 to 109% of revenue in 2016. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Technology innovation and data mining are at the heart of our <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service. From a technology perspective, we continue to innovate to provide new products for advertisers. We pioneered programmatic audio and have been investing in programmatic advertising since 2015.
Programmatic accounted for 13% of total <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> revenue across our platform, growing 46% from 2015. Additionally, our recently launched Ad Studio product will increase automation, further allowing both
large and small advertisers to utilize our growing self-serve platform. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ability to harness our data allows us to know our Users.
We believe we understand people through music, their mood, mindset, activities, and tastes, and we can serve them relevant advertising catered specifically to them. Our advertising platform is continually moving toward a holistic people-based
marketing approach that is better for both our Users and our advertisers. There are over 150&nbsp;billion events logged daily on our Service, helping us learn how best to serve our Users and advertisers. With this level of first-party data, we are
able to use our advanced algorithms to help advertisers serve highly targeted programs to specific Users and audiences. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">102 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December 31, 2016, we believe our 125&nbsp;million MAUs in 61 countries provide
advertisers with an attractive and scaled audience. A large percentage of our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users are between 18 and 34 years old. This is a highly sought-after audience that has traditionally been difficult
for advertisers to reach via other channels. Furthermore, our User base is highly engaged, providing first-party anonymized data that is valuable to advertisers. </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MAUs by Age Demographic<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MAUs by Region</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g39q67.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g07o15.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Values may not sum to 100% due to lack of demographic data on &lt;1% of Users. </TD></TR></TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">By
offering advertisers increased &#147;self-serve options,&#148; in which they are able to choose their target audiences and demographics, we also are improving the efficiency and scalability of our advertising platform. This option helps improve our
margins, as well as our advertising partners&#146; return on investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Video products, including mobile video, provide us with
additional avenues for more visual advertising which we believe will further strengthen our advertising business, since this is an increasingly popular medium for our advertising partners and the brands they represent. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Creator Services </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The creator services
team is responsible for enhancing the growth and success of the creator community through various functions by focusing on audience development, strategy, talent, live events, fan initiatives, and artist marketing. At the core of creator services
are fundamental and trusted relationships with artists, songwriters, and the creator community which collectively give us the ability to bring their vision to life. The multiple functions of creator services align cross-functionally and throughout
Spotify globally to support creators both on and off the platform in reaching their full potential. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Content Strategy </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Users come to Spotify primarily to listen to music they love and to discover new music they will enjoy from among the 35&nbsp;million tracks
available on our Service as of September&nbsp;30, 2017, which grows by approximately 20&nbsp;thousand songs a day. At its core, Spotify&#146;s platform leverages our deep User engagement, rich data, and artificial intelligence to optimize the
content matching process between artists on our platform and Users who are likely to be their fans and engage with their content. We believe our platform is extendable to additional forms of content. We are investing in expanding our <FONT
STYLE="white-space:nowrap">non-music</FONT> content with podcasts and other forms of spoken word audio content, as well as original video content appropriate to our Service. We intend to focus on short-form and interstitial content. We believe that
unlocking our extensive catalog of music and spoken word audio content through a highly personalized user experience that drives discovery is critical to the continued fast growth of our Service. One of our strengths and one of our challenges for
consumers is that we have an overwhelming amount </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">103 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
of content available on our Service for consumers to choose from. In order to better utilize that content, we need to be able to help individual Spotify Users find the content they will love, and
we need to help the content find its target audience. We believe this is an important factor in maintaining our market leadership and competitive position. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The vast majority of the content we offer to Users is licensed to Spotify on a <FONT STYLE="white-space:nowrap">non-exclusive</FONT> basis. We
believe that personalization, not exclusivity, is key to our continued success. In addition, because we provide artists with access to millions of Users around the world, many artists independently choose to release content on our Service, even if
they initially provided this content exclusively on another Service. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Securing favorable licensing terms with the record companies is
key to the long-term success of our business model. In 2017, we renegotiated contracts with the major labels&#151;Universal Music Group, Sony Music Entertainment, and Warner Music Group&#151;and with Merlin, which represents the digital rights on
behalf of numerous independent record labels. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since we have expanded to 61 countries around the world, we have realized that each
culture and geography has its own unique listening habits, content, and preferences. We have developed a bespoke strategy for each market, incorporating the unique music traditions of each locale. We are acutely focused on developing relationships
with local artists and record companies so that we can integrate them into the Spotify ecosystem. This localization is an important component of our strategy for launching in new markets and further growing our users globally. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Technology </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are focused on
continuously improving our technology. By investing heavily in research and development and constantly innovating and improving our platform, we ensure that Spotify can deliver a high-quality user experience at scale. As of September&nbsp;30, 2017,
more than 40% of our employees are engineers, and we expect engineers to represent a significant portion of our employees over the foreseeable future. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also opportunistically make strategic acquisitions, such as our purchases of MightyTV, a content recommendation service which will help us
improve the content we recommend to our Users, Niland, an artificial intelligence technology company which will help us optimize music search and recommendation capabilities, Sonalytic, makers of an audio detection technology that can aid in music
discovery by helping us identify songs, mixed content, and audio clips, Soundtrap, an online music studio which will help us facilitate music creation by artists we work with, and The Echo Nest Corporation, a leading music intelligence company with <FONT
STYLE="white-space:nowrap">in-depth</FONT> musical understanding and tools that helps us drive music discovery for Users. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are
currently developing a proprietary artificial intelligence technology that we believe will have even more applications leveraging our data. We believe this technology will optimize self-serve promotional inventory and content promotion scheduling.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Leveraging Our Unique Data Assets </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We own a large and diversified data set which provides us with significant insight into content consumption and User behavior. As of
November&nbsp;30, 2017, this data set is more than 200 petabytes (compared to 60 petabytes at Netflix according to publicly available data) and approximately five petabytes are queried daily (compared to approximately three petabytes queried daily
at Netflix according to publicly available data). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since all our Users have to log in to access our Service, this enables us to track
behaviors such as playing songs, sharing, selecting recommended music, skipping, following, and active participation through the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">104 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
upvote and downvote buttons. More than 150 billion of these kinds of events are logged daily on our Service. Furthermore, we devote substantial resources to analyzing and handling this data in
order to obtain useful insights with machine learning and artificial intelligence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have the ability to personalize and curate the
content we stream by measuring an individual User&#146;s preferences against more than 40 different parameters. Our algorithms are designed to anticipate a User&#146;s preferences using factors such as demographics and past listening behavior.
Furthermore, we can combine situational context, such as time of day and location, to make better recommendations for appropriate content to an individual User based on his or her current activity. As we further collect and process data and
understand our Users, we believe our technology will better understand and respond to our Users&#146; preferences, drive an even better overall user experience, and further differentiate our Service from our competitors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Our Technology Architecture </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We
have designed our technology architecture with a number of core principles in mind to ensure that it is scalable, multi-platform, easy to update, and built to support future development. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Scalable, Cloud-Based Infrastructure. </I>We maintain a capital-light infrastructure. In 2016, we began to migrate over to the GCP for the majority of our computing, storage, bandwidth, and other needs. By using a
cloud services provider, we are able to focus on running and scaling our Service rather than building our own infrastructure. Given the capabilities of our partner, we can continue to meet our Users&#146; needs as we grow. As of November 2017,
approximately 93% of our computing needs were serviced from our cloud infrastructure. We expect this to be nearly 100% by the end of 2018. </TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Mobile First. </I>Our mobile architecture is the product of years of development experience, and we continue to improve and adjust its features. Our mobile interface is built to be outwardly sleek and aesthetically
pleasing, while capturing the full power and utility of our platform. It has been developed for those on the go, integrating the latest advances in human-machine interaction for touch screen fluidity. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Platform Agnostic</I>. We believe that Users should be able to enjoy their music wherever, whenever, on any device. We continue to grow the number of our key partnerships with hardware vendors. We support OS X, iOS,
Android, Chrome OS, Fire OS, Windows, Windows Phone, BlackBerry OS, Linux and Symbian. </TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Rapid Updates and Agile Development. </I>Through our advanced development environment, we are able to quickly distribute product improvements, constantly bringing an improved Spotify experience everywhere. We employ
agile development techniques and processes, making continuous and flexible product improvements. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Open API. </I>We use API to allow developers to integrate Spotify into their own websites and products. A notable example would be Facebook&#146;s integration of our platform, which enables Users to share their
favorite music with their friends. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Regular Data Refresh. </I>We use many large-scale data storage technologies, in which data is periodically collected by cyclic processes that continuously update our datasets with User activity. The data is processed
at minimum every 24 hours and presented in dashboards, making it easy for our data scientists to analyze behaviors and refine our search and selection algorithms. Similar processes also are used to automatically update our music recommendation
system. </TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Marketing </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since our inception, we have focused our marketing efforts on enhancing our brand&#146;s authenticity and presence among consumers, artists,
advertisers, and label partners. Initially, our campaigns were designed to educate the market on the concept of <FONT STYLE="white-space:nowrap">on-demand</FONT> music streaming and the navigation functionality we provided.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">105 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
As familiarity with the music access model spread, our promotional efforts shifted to convey the personalization and discovery capabilities we had developed. We realized early on that being a
music app was not enough. Instead we needed to become a service where artists could find new audiences, and audiences could discover new artists, all unified under one common brand. We believe our brand awareness continues to grow. As of
September&nbsp;30, 2017, we had 86% aided awareness within the <FONT STYLE="white-space:nowrap">15-59</FONT> year old demographic in the United States, as measured by Equation, a third-party commissioned source. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our primary marketing initiatives include: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Brand marketing</I>. Our online and offline brand marketing campaigns are meant to reinforce the centrality of music in everything we do and to convey our idiosyncratic and quirky culture. We believe that music is
meant to connect us. Using a data-driven approach, we try to surface and tell stories about our audience and the artist community. Often, we put Users at the center of our campaigns to showcase how they use our Service and how personalized our
Service is to them. </TD></TR></TABLE>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Marketing for artists.</I> Our artist marketing program uses billboards, other forms of traditional media, and digital outlets to highlight artists and their work. In these collaborative efforts with creators, we
showcase selected artists and create a story that directly connects their music and our Service with a community of fans. Often centered around key release dates and at times in partnership with labels and other third parties, our artist marketing
program is a valuable discovery and promotion tool for artists. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I>Thanks 2016, It&#146;s Been
Weird</I></B><B></B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Holiday Campaign</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B><B><I>2018 Goals</I></B><B></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Holiday Campaign</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em" ALIGN="center">


<IMG SRC="g494294g87x58.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g41j96.jpg" ALT="LOGO">
</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Promotion for 2 Chainz New Album</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tim McGraw&nbsp;&amp; Faith Hill on Hot
Country</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g27p34.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt" ALIGN="center">


<IMG SRC="g494294g07f61.jpg" ALT="LOGO">
</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">106 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Premium Service discounts. </I>For the past few years, we have offered <FONT STYLE="white-space:nowrap">bi-annual</FONT> campaigns discounting our subscription offerings. These campaigns typically offer a three month
subscription to the Premium Service at a discounted price and are run during the summer months and around the holiday season. In 2016, these seasonal campaigns drove 23% of our new gross Premium Subscriber additions. For a description of how our
bi-annual trial programs effect our results, see &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#151;Results of Operations&#151;Seasonality.&#148; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Conversion Marketing.</I> Through both our <FONT STYLE="white-space:nowrap">on-platform</FONT> and external marketing efforts, we engage our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users by highlighting
key features that encourage conversion to our subscription offerings. These efforts include product links, internal campaigns and user emails, and performance marketing across leading social media platforms. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our Ad-Supported Service serves as a funnel, driving more than 60% of our total gross added Premium Subscribers since February 2014. Only a
small percentage of new Premium Subscribers join via paid acquisition channels. As a result, we acquire new Premium Subscribers with relatively limited direct marketing spend and instead focus on investing our resources on improving our Service and
converting <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users to Premium Subscribers. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Our Competition </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We compete for the time and attention of our users across different forms of media, including traditional broadcast, satellite, and internet
radio (iHeartRadio, LastFM, Pandora, and SiriusXM), other providers of <FONT STYLE="white-space:nowrap">on-demand</FONT> music streaming services (Amazon Prime, Apple Music, Deezer, Google Play Music, Joox, Pandora, and SoundCloud), and other
providers of <FONT STYLE="white-space:nowrap">in-home</FONT> and mobile entertainment such as cable television, video-streaming services, and social media and networking websites. We compete to attract, engage, and retain Users with other content
providers based on a number of factors, including quality of the user experience, content range and quality, ease of use of the Spotify platform, price, accessibility, perceptions of advertising load on our
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service, brand awareness, and reputation. Many of our competitors enjoy competitive advantages such as greater name recognition, legacy operating histories, and larger marketing budgets, as well
as greater financial, technical, human, and other resources. For example, terrestrial radio providers have several competitive advantages over us. In the United States, terrestrial radio only pays royalties to songwriters, whereas we pay royalties
to those songwriters, as well as recording artists on both our Ad-Supported Service and our Premium Service, which results in higher content costs to operate our Service. Additionally, terrestrial radio stations are the incumbent, and have the
benefit of a large install base, such as cars, and access to certain forms of content currently not available on our Service, such as sports broadcasts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, we compete to attract and retain advertisers and a share of their advertising spend for our
<FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service. We believe our ability to compete depends primarily on the reputation and strength of our brand as well as our reach and ability to deliver a strong return on investment to our
advertisers, which is driven by the size of our <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> User database, our advertising products, our targeting, delivery and measurement capabilities, and other tools. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also compete to attract and retain highly talented individuals, including data scientists, engineers, product designers, and product
managers. Our ability to attract and retain personnel is driven by compensation, culture, and the reputation and strength of our brand. We believe we provide competitive compensation packages and foster a team-oriented culture where each employee is
encouraged to have a meaningful contribution to Spotify. We also believe the reputation and strength of our brand helps us attract individuals that are passionate about our Service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For information on competition-related risks, see &#147;Risk Factors&#151;Risks Related to Our Business&#151;If our efforts to attract
prospective Users and to retain existing Users are not successful, our growth prospects and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">107 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
revenue will be adversely affected,&#148; &#147;&#151;We face and will continue to face competition for <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Users, Premium Subscribers, and User
listening time,&#148; and &#147;&#151;Our business depends on a strong brand, and any failure to maintain, protect, and enhance our brand would hurt our ability to retain or expand our base of <FONT STYLE="white-space:nowrap">Ad-Supported</FONT>
Users, Premium Subscribers, and advertisers.&#148; </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>History and Development of the Company </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are a Luxembourg public limited liability company (<I>soci&eacute;t&eacute; anonyme</I>), which means that shareholders&#146; liability is
limited to their contributions to the company. The shares forming the share capital of a Luxembourg public limited liability company (<I>soci&eacute;t&eacute; anonyme</I>) may be publicly traded and registered on a stock exchange. Our legal name is
&#147;Spotify Technology S.A.&#148; and our commercial name is &#147;Spotify.&#148; We were incorporated on December&nbsp;27, 2006 as a Luxembourg private limited liability company (<I>soci&eacute;t&eacute; &agrave; responsabilit&eacute;
limit&eacute;e</I>) and were transformed, on March&nbsp;20, 2009,<B> </B>into a Luxembourg public limited liability company (<I>soci&eacute;t&eacute; anonyme</I>). The principal legislation under which we operate, and under which our ordinary share
capital has been created, is the law of 10&nbsp;August 1915 on commercial companies, as amended and the law of 19&nbsp;December 2002 on the register of commerce and companies and the accounting and annual accounts of undertakings and the
regulations, as amended, made thereunder. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are registered with the Luxembourg Trade and Companies&#146; Register under number
B.123.052. Our registered office is located at <FONT STYLE="white-space:nowrap">42-44,</FONT> avenue de la Gare <FONT STYLE="white-space:nowrap">L-1610</FONT> Luxembourg, Grand Duchy of Luxembourg, and our principal operational office is located at
Regeringsgatan 19, 111 53 Stockholm, Sweden. Our agent for U.S. federal securities law purposes is Horacio Gutierrez, General Counsel, 45 West 18th Street, 7th Floor, New York, New York 10011. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Organizational Structure </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify is a
holding company that operates entirely through subsidiaries. The following table shows the significant subsidiaries (as defined in Rule <FONT STYLE="white-space:nowrap">1-02</FONT> of Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> of the
Securities Act) of the Company and the Company&#146;s ownership percentage in each subsidiary as of December&nbsp;31, 2016. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="21%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="21%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:75.65pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Significant Subsidiary</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Country&nbsp;of&nbsp;Organization</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Proportion&nbsp;of<BR>Voting&nbsp;Rights&nbsp;and&nbsp;Shares&nbsp;Held<BR>(directly or indirectly)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify AB</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Sweden</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify USA Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">United&nbsp;States</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Ltd</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">United&nbsp;Kingdom</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Intellectual Property </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our success depends in part upon our ability to protect our technologies and intellectual property. To accomplish this, we rely on a
combination of intellectual property rights, including trade secrets, patents, copyrights, and trademarks, as well as contractual restrictions, technological measures, and other methods. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have filed and acquired dozens of active patent applications and issued patents in the United States and other countries. We continue to
pursue additional patent protection, both in the United States and abroad where appropriate and cost effective. We intend to hold these patents as part of our strategy to protect and defend the Company&#146;s technology, including to protect and
defend the Company in patent-related litigation. We also acquire patents and patent applications from time to time as part of other transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our registered trademarks in the United States include our primary mark &#147;Spotify&#148; and various versions of the Spotify logo, in
addition to a number of other Spotify word marks and logos. In addition, &#147;Spotify&#148; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">108 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
certain of our other marks are registered in other jurisdictions such as Australia, Brazil, Canada, Chile, China, the EU, India, Israel, Japan, Mexico, New Zealand, Singapore, Switzerland, and
Taiwan. We also have pending trademark applications in the United States and other countries for certain Spotify marks. Finally, we have a portfolio of internet domain names, including our primary domain www.spotify.com. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to the forms of intellectual property listed above, we own rights to proprietary processes and trade secrets, including those
underlying the Spotify platform. We use contractual and technological means to control the use and distribution of our proprietary software, trade secrets, and other confidential information, both internally and externally, including contractual
protections with employees, contractors, customers, and partners. Finally, we also have licenses with various rights holders to stream sound recordings and the musical compositions embodied therein, as further described under &#147;&#151;Licensing
Agreements&#148; below, as well as licenses to stream sound recordings in videos and other types of content. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Licensing Agreements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In order to stream music to our Users, we generally secure rights both to the sound recordings and the musical compositions embodied therein
(i.e., the musical notes and the lyrics). To secure such rights, we obtain licenses from, and pay royalties to, rights holders or their agents. Below is a summary of certain provisions of our license agreements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Sound Recording License Agreements with Major and Independent Record Labels </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have license agreements with record label affiliates of the three largest music companies&#151;Universal Music Group, Sony Music
Entertainment, and Warner Music Group&#151;as well as Merlin, which represents the digital rights on behalf of numerous independent record labels. These agreements require us to pay royalties and make minimum guaranteed payments, and they include
marketing commitments, advertising inventory, and financial and data reporting obligations. Rights to sound recordings granted pursuant to these agreements accounted for 88% of streams for the year ended December&nbsp;31, 2016. Generally (with
certain exceptions), these license agreements have a duration of two years, are not automatically renewable, and apply worldwide (subject to agreement on rates with certain rights holders prior to launching in new territories). The license
agreements also allow for the record label to terminate the agreement in certain circumstances, including, for example, our failure to timely pay sums due within a certain period, our breach of material terms, and in some situations which could
constitute a &#147;change of control&#148; of Spotify. These agreements generally provide that the record labels have the right to audit us for compliance with the terms of these agreements. Further, they contain &#147;most favored nations&#148;
provisions, which require that certain material contract terms are at least as favorable as the terms we have agreed to with any other record label. As of September 30, 2017, we have estimated future minimum guarantee commitments of
&#128;2.0&nbsp;billion. See &#147;Risk Factors&#151;Risks Related to Our Business&#151;Minimum guarantees required under certain of our license agreements for sound recordings and underlying musical compositions may limit our operating flexibility
and may adversely affect our business, operating results, and financial condition.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also have direct license agreements with
independent labels, as well as companies known as &#147;aggregators&#148; (for example, Believe Digital, CDBaby, and TuneCore). The majority of these agreements are worldwide (subject to agreement on rates with certain rights holders prior to
launching in a new territories) but others, with local repertoire, are limited to certain launch territories. Many of these agreements have financial and data reporting obligations and audit rights. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Musical Composition License Agreements with Music Publishers </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With respect to the underlying musical compositions embodied in the sound recordings we stream, we generally secure both reproduction
(&#147;mechanical&#148;) and public performance rights from the owners of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">109 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
compositions (or their agents). In the United States, mechanical licenses can be obtained directly or under the compulsory license of Section&nbsp;115 of the Copyright Act. Royalty rates for the
compulsory license are determined, pursuant to statute, by the Copyright Royalty Board. These rates also apply to some direct licenses with music publishers, in which the applicable rate is linked to the statutory rate. In the United States, all
compulsory licenses obtained by Spotify pursuant to Section&nbsp;115 of the Copyright Act and direct licenses entered into between Spotify and music publishers are administered by a third-party company, the Harry Fox Agency. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the United States, public performance rights are generally obtained through intermediaries known as PROs, which negotiate blanket licenses
with copyright users for the public performance of compositions in their repertory, collect royalties under such licenses, and distribute those royalties to copyright owners. We have obtained public performance licenses from, and pay license fees
to, the major PROs in the United States&#151;ASCAP, BMI, and SESAC, Inc., among others. These agreements have music usage reporting obligations on Spotify and audit rights for the PROs. In addition, these agreements typically have one to two year
terms, and some have continuous renewal provisions, with either party able to terminate for convenience with one to two months&#146; prior written notice, and are limited to the territory of the United States and its territories and possessions.
</P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The process for obtaining musical composition rights outside the United States varies from country to country. For example, in most
territories in Europe and Asia, we negotiate with the local collecting society in each territory in order to obtain both the mechanical and public performance rights, as well as with a number of publishers directly where, for example, those
publishers have withdrawn their mechanical rights from the local collecting societies and chosen to license those rights via direct deals with Spotify, including on a <FONT STYLE="white-space:nowrap">pan-European</FONT> or <FONT
STYLE="white-space:nowrap">pan-Asian</FONT> basis. In many countries, the local collecting societies do not, as a matter of law, have an absolute right to license on behalf of all compositions within that country, and thus we cannot guarantee that
our licenses with such collecting societies provide full coverage for all of the musical compositions we make available to our Users in those countries. Our license agreements with local collecting societies and direct license agreements with
publishers worldwide are generally in place for one to three years and provide for reporting obligations on both Spotify and the licensor and auditing rights for the licensors. Certain of these license agreements also provide for minimum guaranteed
payments or advance payment obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">From time to time, our license agreements with certain rights holders and/or their agents,
including both sound recording license agreements with major and independent record labels and musical composition license agreements with music publishers, may expire while we negotiate renewals. Per industry custom and practice, we and those
rights holders may continue such agreements on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">month-to-month</FONT></FONT> basis or enter into other short term extensions, and/or continue to operate as if the license agreement
had been extended (including by our continuing to make music available). It also is possible that such agreements will never be renewed at all. The lack of renewal, or termination, of one or more of our license agreements, or the renewal of a
license agreement on less favorable terms, could have a material adverse effect on our business, financial condition, and results of operations. See &#147;Risk Factors&#151;Risks Related to Our Business&#151;We depend upon third-party licenses for
sound recordings and musical compositions and an adverse change to, loss of, or claim that we do not hold any necessary licenses may materially adversely affect our business, operating results, and financial condition.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other Agreements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a
summary of each material agreement, other than material agreements entered into in the ordinary course of business, to which we are or have been a party, for the two years immediately preceding the date of this prospectus: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Subscription Agreement</I> by and among Tencent Music Entertainment Group, Tencent Music Entertainment Hong Kong Limited, Spotify Technology S.A., and Spotify AB, dated as of December&nbsp;8, 2017. A copy of this
agreement is included as Exhibit 10.19 to the Registration Statement. See &#147;Summary&#151;Recent Developments.&#148; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">110 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Investor Agreement</I> by and among Spotify Technology S.A., Tencent Music Entertainment Group, Tencent Music Entertainment Hong Kong Limited, Tencent Holdings Limited, Image Frame Investment (HK) Limited, and with
respect to certain sections only, D.G.E. Investments LTD and Rosello Company Limited, dated as of December&nbsp;15, 2017. A copy of this agreement is included as Exhibit 10.20 to the Registration Statement. See &#147;Summary&#151;Recent
Developments.&#148; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Exchange Agreement</I> by and among Spotify Technology S.A. and the noteholders party thereto, dated as of December 8, 2017. A copy of this agreement is included as Exhibit 10.21 to the Registration Statement. See
&#147;Summary&#151;Recent Developments.&#148; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Exchange Agreement</I> by and among Spotify Technology S.A. and the noteholders party thereto, dated as of December 27, 2017. A copy of this agreement is included as Exhibit 10.22 to the Registration Statement. See
&#147;Summary&#151;Recent Developments.&#148; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Exchange Agreement</I> by and among Spotify Technology S.A. and the noteholders party thereto, dated as of January 29, 2018. A copy of this agreement is included as Exhibit 10.23 to the Registration Statement. See
&#147;Summary&#151;Recent Developments.&#148; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Digital Distribution Agreement</I> by and between Sony Music Entertainment and Spotify AB, effective as of April 1, 2017. A copy of this agreement is included as Exhibit 10.24 to the Registration Statement.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Amendment to Digital Distribution Agreement</I> by and between Sony Music Entertainment and Spotify AB, effective as of April 11, 2017. A copy of this agreement is included as Exhibit 10.25 to the Registration
Statement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><I>Second Amendment to Digital Distribution Agreement</I> by and between Sony Music Entertainment and Spotify AB, effective as of April 1, 2017. A copy of this agreement is included as Exhibit 10.26 to the Registration
Statement. </TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Government Regulation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are subject to many U.S. federal and state, European, Luxembourg, and other foreign laws and regulations, including those related to
privacy, data protection, content regulation, intellectual property, consumer protection, rights of publicity, health and safety, employment and labor, competition, and taxation. These laws and regulations are constantly evolving and may be
interpreted, applied, created, or amended in a manner that could harm our business. In addition, it is possible that certain governments may seek to block or limit our products or otherwise impose other restrictions that may affect the accessibility
or usability of any or all our products for an extended period of time or indefinitely. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the area of information security and data
protection, the laws in several jurisdictions require companies to implement specific information security controls to protect certain types of information. Data protection, privacy, consumer protection, content regulation, and other laws and
regulations are very stringent and vary from jurisdiction to jurisdiction. In particular, we are subject to the data protection/privacy regulation under the laws of the EU. The framework legislation at an EU level with respect to data protection
currently is Directive 95/46/EC (the &#147;Data Protection Directive&#148;). The purpose of the Data Protection Directive is to provide for the protection of the individual&#146;s right to privacy with respect to the processing of personal data.
Each member state is obligated to have national legislation consistent with the Data Protection Directive. We are therefore subject to the local implementing rules of the European countries where we are established (for example, Luxembourg and
Sweden). These local laws can impose stringent rules relating to the way in which we process personal data. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Data Protection Directive
will be superseded by the General Data Protection Regulation (&#147;GDPR&#148;), which was published in the Official Journal of the EU on May&nbsp;4, 2016 and must be complied with by businesses effective May&nbsp;25, 2018. The GDPR is intended to
create a single legal framework that applies across all EU member states. However, there are certain areas where EU member states can derogate from the requirements in their own legislation. It is therefore likely that we will need to comply with
these local regulations in addition to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">111 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the GDPR. Local Data Protection Authorities will be able to impose fines for violations ranging from 2% to 4% of annual worldwide turnover or &#128;10&nbsp;million to &#128;20&nbsp;million,
whichever is greater. These authorities will have the power to carry out audits, require companies to cease or change processing, request information, and obtain access to premises. Where consent is relied upon as the legal basis for processing
personal data, businesses must be able to demonstrate that the data subjects gave their consent to the processing of their personal data and will bear the burden of proof that consent was validly obtained and can be withdrawn at any time. The GDPR
adopts a risk-based approach to compliance, under which businesses bear responsibility for assessing the degree of risk that their processing activities pose to data subjects. Before any processing takes place, businesses will be required to perform
data protection impact assessments of new technologies that are likely to result in a high risk to data subjects. The GDPR will require businesses to maintain detailed documentation recording their processing activities. In addition, data subjects
have the right to request that businesses delete their personal data, to object to their personal data being processed, and to obtain a copy of their personal data within a set time frame. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our privacy policy and terms and conditions of use describe our practices concerning the use, transmission, and disclosure of User information
and are posted on our website. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Legal Proceedings </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company is from time to time subject to various claims, lawsuits and other legal proceedings. Some of these claims, lawsuits and other
legal proceedings involve highly complex issues, and often these issues are subject to substantial uncertainties. Accordingly, our potential liability with respect to a large portion of such claims, lawsuits and other legal proceedings cannot be
estimated with certainty. Management, with the assistance of legal counsel, periodically reviews the status of each significant matter and assesses potential financial exposure. The Company recognizes provisions for claims or pending litigation when
it determines that an unfavorable outcome is probable and the amount of loss can be reasonably estimated. Due to the inherent uncertain nature of litigation, the ultimate outcome or actual cost of settlement may materially vary from estimates. If
management&#146;s estimates prove incorrect, current reserves could be inadequate and the Company could incur a charge to earnings which could have a material adverse effect on its results of operations, financial condition, net worth, and cash
flows. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Between December 2015 and January 2016, two putative class action lawsuits were filed against us in the U.S. District Court for
the Central District of California, alleging that we unlawfully reproduced and distributed musical compositions without obtaining licenses. These cases were subsequently consolidated in May 2016 and transferred to the U.S. District Court for the
Southern District of New York in October 2016, as <I>Ferrick et al. v. Spotify USA Inc</I>.,<I> </I>No<I>. </I><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1:16-cv-8412-AJN</FONT></FONT></FONT>
(S.D.N.Y). In May 2017, the parties reached a signed class action settlement agreement which the court has preliminarily approved, pursuant to which we will be responsible for (i)&nbsp;a $43&nbsp;million cash payment to a fund for the class,
(ii)&nbsp;all settlement administration and notice costs, expected to be between $1&nbsp;million to $2&nbsp;million, (iii)&nbsp;a direct payment of class counsel&#146;s attorneys&#146; fees of up to $5&nbsp;million dollars, (iv)&nbsp;future
royalties for any tracks identified by claimants, as well as other class members who provide proof of ownership following the settlement, and (v)&nbsp;reserving future royalties for unmatched tracks. The final approval hearing was held on
December&nbsp;1, 2017 and the court has not yet issued a ruling. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Even if the settlement is finally approved, we may still be subject
to claims of copyright infringement by rights holders who have purported to opt out of the settlement or who may not otherwise be covered by its terms. For example, since July 2017, six lawsuits alleging unlawful reproduction and distribution of
musical compositions have been filed against us in (i) the U.S. District Court for the Middle District of Tennessee (<I>Bluewater Music Services Corporation v. Spotify USA Inc.</I>, No.
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">3:17-cv-01051;</FONT></FONT> <I>Gaudio et al. v. Spotify USA Inc.</I>, No. <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">3:17-cv-01052;</FONT></FONT> <I>Robertson
et al. v. Spotify USA Inc.</I>, No. 3:17-cv-01616; and <I>A4V Digital, Inc. et al. v. Spotify USA Inc.</I>, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">3:17-cv-01256),</FONT></FONT> (ii) in the U.S. District Court for the
Southern District of Florida (<I>Watson Music Group, LLC v. Spotify USA Inc.</I>, No. <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">0:17-cv-62374),</FONT></FONT> and (iii) the U.S. District Court for the Central District of
California (<I>Wixen Music Publishing Inc. v. Spotify USA, Inc.</I>, 2:17-cv-09288) (alleging that Spotify </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">112 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
has infringed the copyrights in over 10,000 musical compositions). The complaints seek an award of damages, including the maximum statutory damages allowed under U.S. copyright law of $150,000
per work infringed. We intend to vigorously defend the claims. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Property and Equipment </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Spotify&#146;s principal operational offices are located in Stockholm, Sweden under a lease for approximately 230,000 square feet of office
space, expiring on September&nbsp;30, 2027. We also lease regional offices in New York, New York; Los Angeles, California; San Francisco, California; Boston, Massachusetts; Dallas, Texas; Chicago, Illinois; Seattle, Washington; Atlanta, Georgia;
Miami, Florida; Nashville, Tennessee; and Washington D.C. We also lease other offices in Sweden and lease office space in the United Kingdom, Spain, France, Norway, Finland, Denmark, Netherlands, Belgium, Luxembourg, India, the United Arab Emirates,
Australia, Japan, Hong Kong, Germany, Italy, Mexico, Singapore, Brazil, Canada, Columbia, Poland, and Taiwan. In February 2017, we entered into a <FONT STYLE="white-space:nowrap">17-year</FONT> lease to occupy approximately 380,000 square feet of
office space in New York, New York which will replace our existing office space and will serve as our North American headquarters. In June 2017, we exercised an option on the lease in order to occupy an additional 101,000 square feet of office
space. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our main data centers are located in the London, United Kingdom, Stockholm, Sweden, and Ashburn, Virginia. The data centers
host the www.spotify.com website and intranet applications that are used to manage the website content. The data centers are designed to be fault-tolerant, with a collection of identical web servers connecting to an enterprise database. The design
also includes load balancers, firewalls and routers that connect the components and provide connections to the internet. The failure of any individual component is not expected to affect the overall availability of our website. Currently, we are in
the process of transitioning all of our data storage (including personal data of Users and music data licensed from rights holders) and computing from our own servers to GCP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We believe that our current facilities are adequate to meet our needs for the near future and that suitable additional or alternative space
will be available on commercially reasonable terms to accommodate our foreseeable future operations. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Employees </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2016 and 2017, we had 2,084 and 2,960 full-time employees on average, respectively.<SUP STYLE="font-size:85%; vertical-align:top"> </SUP>The
following table describes our average number of employees by department per fiscal year: </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2017</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Content Production and Customer Service</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">163</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and Marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">865</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Research and Development</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">959</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General and Administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table describes our average number of employees by geographic location: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2017</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sweden</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">849</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,087</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">217</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,348</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>   <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, at the end of 2016 and 2017 we had approximately 232 and 308 employees, respectively,
in the aggregate in Australia, Belgium, Brazil, Canada, Denmark, Finland, France, Germany, Hong Kong, India, Italy, Japan, Mexico, Netherlands, Norway, Poland, Russia, Singapore, Spain, Taiwan, and Turkey on average. From time to time, we have
engaged temporary employees to fill open positions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">113 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_16"></A>MANAGEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Directors, Senior Management, and Employees </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Directors and Senior Management </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth the names, ages, and positions of our senior management and directors as of January 31, 2018: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="62%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:13.35pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Age</B></P></TD>

<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:27.50pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Position</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Daniel Ek</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Co-Founder,</FONT> Chief Executive Officer, Chairman, and Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Martin Lorentzon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Co-Founder</FONT> and Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barry McCarthy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Financial Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Katarina Berg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Human Resources Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Seth Farbman</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Marketing Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Alex Norstr&ouml;m</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Premium Business Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gustav S&ouml;derstr&ouml;m</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Research&nbsp;&amp; Development Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Christopher Marshall</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shishir Mehrotra</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Heidi O&#146;Neill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ted Sarandos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thomas Staggs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cristina Stenbeck</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Padmasree Warrior</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
</TABLE>   <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The business address of each Director and each of Mr.&nbsp;Ek, Mr.&nbsp;Lorentzon, Ms.&nbsp;Berg,
Mr.&nbsp;Norstr&ouml;m, and Mr.&nbsp;S&ouml;derstr&ouml;m is Regeringsgatan 19, 111 53 Stockholm, Sweden. The business address of each of Mr.&nbsp;McCarthy and Mr.&nbsp;Farbman is 45 West 18th Street, 7th Floor, New York, New York 10011. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a brief biography of each of our senior managers and directors:<SUP STYLE="font-size:85%; vertical-align:top"></SUP> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Daniel Ek</B> is our <FONT STYLE="white-space:nowrap">co-founder,</FONT> Chief Executive Officer, and Chairman of our board of directors. As
our Chief Executive Officer and Chairman, Mr.&nbsp;Ek is responsible for guiding the vision and strategy of the Company and leading the management team. He has been a member of our board of directors since July&nbsp;21, 2008, and his term will
expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. Prior to founding Spotify in 2006, Mr.&nbsp;Ek founded Advertigo, an online advertising company acquired by TradeDoubler, held various
senior roles at the Nordic auction company Tradera, which was acquired by eBay, and served as Chief Technology Officer at Stardoll, a fashion and entertainment community for <FONT STYLE="white-space:nowrap">pre-teens.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Martin Lorentzon </B>is our <FONT STYLE="white-space:nowrap">co-founder</FONT> and a member of our board of directors. He has been a member
of our board of directors since July&nbsp;21, 2008, and his term will expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. Mr.&nbsp;Lorentzon previously served as Chairman of our board of
directors from 2008 to 2016. In addition to his role on our board of directors, Mr.&nbsp;Lorentzon has served as a member of the board of directors of Telia Company AB (&#147;Telia Company&#148;), Sweden&#146;s main telecom operator, since 2013. In
1999, Mr.&nbsp;Lorentzon founded TradeDoubler, an internet marketing company based in Stockholm, Sweden, and initially served as a member of its board of directors. Additionally, Mr.&nbsp;Lorentzon has held senior roles at Telia Company and Cell
Ventures. He holds a Master of Science in Civil Engineering from the Chalmers University of Technology. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Barry McCarthy</B> is our
Chief Financial Officer. He is responsible for overseeing the Company&#146;s financial and legal affairs. Mr.&nbsp;McCarthy also is responsible for managing our advertising sales business and corporate
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">114 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
development activities. Prior to joining Spotify, Mr.&nbsp;McCarthy was a private investor and served as a member of the board of directors of several private companies, including for Spotify
from 2014 to 2015. He also has served as a member of the board of directors of Pandora from 2011 to 2013, of Chegg from 2010 to 2015 and as the Chairman of their respective audit committees. Since 2011, Mr.&nbsp;McCarthy also has served as an
Executive Adviser to Technology Crossover Ventures. From 1999 to 2010, Mr.&nbsp;McCarthy served as the Chief Financial Officer and Principal Accounting Officer of Netflix. Before joining Netflix, Mr.&nbsp;McCarthy served in various management
positions in management consulting, investment banking, and media and entertainment. Mr. McCarthy holds a Bachelor of Arts in History from Williams College and a Master of Business Administration in Finance from the Wharton School at the University
of Pennsylvania. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Katarina Berg</B> is our Chief Human Resources Officer. She oversees all aspects of human resource management and is
responsible for developing and executing the people strategy in support of our overall business plan. Ms.&nbsp;Berg serves as a member of the board of directors of Sqore and as member of the advisory board of directors of ToppH&auml;lsa, Bonnier
Tidskrifter. Before joining our team, Ms.&nbsp;Berg held human resources roles in various multinational companies, such as Swedbank, 3 Scandinavia, and Kanal 5 (SBS Broadcasting). Ms.&nbsp;Berg holds a Master of Arts in Human Resources Management
and Development in Behavioral Science from Lund University. </P>   <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Seth Farbman</B> is our Chief Marketing Officer. He is
responsible for overseeing the Spotify Brand, the user experience, and all marketing and external communications worldwide. Prior to joining Spotify, Mr.&nbsp;Farbman was the Global Chief Marketing Officer for Gap from 2011 to 2015. Mr.&nbsp;Farbman
also served in various roles at OgilvyEarth from 2005 to 2011, including the Founder, President, and Senior Partner. Mr.&nbsp;Farbman also has led marketing teams at several wireless carriers. Mr.&nbsp;Farbman holds a Bachelor of Arts in Journalism
from Ithaca College and a Master of Science in Communications from Syracuse University&#146;s S.I. Newhouse School of Public Communications. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Alex Norstr&ouml;m </B>is our Chief Premium Business Officer. As our Chief Premium Business Officer, Mr.&nbsp;Norstr&ouml;m is responsible
for overseeing strategy, marketing, global partnerships, and product offerings for our subscription business. Mr.&nbsp;Norstr&ouml;m was previously our Vice President of Growth and our Vice President of Subscription. Prior to joining Spotify in
2011, Mr.&nbsp;Norstr&ouml;m was Chief New Business Officer at King. He is currently a member of the board of directors of Circle. Mr.&nbsp;Norstr&ouml;m holds a Master of Science in Business&nbsp;&amp; Economics with a Major in Finance from the
Stockholm School of Economics. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Gustav S&ouml;derstr&ouml;m</B><I> </I>is our Chief Research&nbsp;&amp; Development Officer. He
oversees the product engineering team and is responsible for our product strategies including mobile and portable solutions. Mr.&nbsp;S&ouml;derstr&ouml;m also has been an advisor to Tictail since 2013 and was formerly an advisor to 13th Lab
(acquired by Facebook&#146;s Oculus). Before joining the Company in 2009, Mr.&nbsp;S&ouml;derstr&ouml;m was director of product and business development for Yahoo! Mobile from 2006 to 2009. In 2003, Mr.&nbsp;S&ouml;derstr&ouml;m founded Kenet Works,
a company that developed community software for mobile phones and served as the company&#146;s Chief Executive Officer until it was acquired by Yahoo! in 2006. Mr.&nbsp;S&ouml;derstr&ouml;m holds a Master of Science in Electrical Engineering from
KTH Royal Institute of Technology. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Christopher (Woody) Marshall </B>is a member of our board of directors. He has been a member of our
board of directors since June&nbsp;16, 2015, and his term will expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. In addition to his role on our board of directors, Mr.&nbsp;Marshall
currently serves on the boards of directors of GoFundMe, Minted, Payoneer Inc., and Varsity Tutors. He also has served as a general partner of Technology Crossover Ventures since 2008. Prior to that, Mr.&nbsp;Marshall spent 12 years at Trident
Capital, a venture capital and private equity firm where he focused on the payments, internet, and mobile markets. Mr.&nbsp;Marshall holds a Bachelor of Arts in Economics from Hamilton College and a Master of Business Administration from the Kellogg
School of Management at Northwestern University. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">115 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Shishir Mehrotra</B> is a member of our board of directors. He has been a member of our
board of directors since June&nbsp;13, 2017, and his term will expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. Mr.&nbsp;Mehrotra previously served as our Strategic Advisor to the Chief
Executive Officer, from December 2015 to May 2017. Mr.&nbsp;Mehrotra has previously served as a Vice President of Product and Engineering at Google and Director of Program Management at Microsoft. Mr.&nbsp;Mehrotra holds a Bachelor of Science in
Computer Science and a Bachelor of Science in Mathematics from the Massachusetts Institute of Technology. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Heidi O&#146;Neill</B> is a
member of our board of directors. She has been a member of our board of directors since December&nbsp;5, 2017, and her term will expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. In addition
to her role on our board of directors, Ms.&nbsp;O&#146;Neill serves as a member of the board of directors at the National Retail Federation Foundation and the Nike Foundation. She previously served as a member of the board of directors of
Skullcandy, where she also was the Chair of the compensation committee, and the Nike School Innovation Fund, of which she was a founding member. Ms.&nbsp;O&#146;Neill also serves as the President of Nike Direct, a division of Nike, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Ted Sarandos</B> is a member of our board of directors. He has been a member of our board of directors since September&nbsp;13, 2016, and
his term will expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. In addition to his role on our board of directors, Mr.&nbsp;Sarandos serves on the Film Advisory Board of Directors for
Tribeca and Los Angeles Film Festivals, a member of the board of directors of the American Cinematheque, an American Film Institute trustee, and an Executive Committee Member of the Academy of Television Arts&nbsp;&amp; Sciences. He is a Henry Crown
Fellow at the Aspen Institute and serves on the board of directors of Exploring the Arts. He also serves as the Chief Content Officer of Netflix and has led content acquisition for Netflix since 2000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Thomas Staggs</B> is a member of our board of directors. He has been a member of our board of directors since June&nbsp;13, 2017, and his
term will expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. In addition to his role on our board of directors, Mr.&nbsp;Staggs serves on the board of directors of the University of Minnesota
Carlson School of Management and the Center for Early Education. He also serves as the Executive Chairman of Vejo, Inc. Mr.&nbsp;Staggs previously served in various roles at The Walt Disney Company, most recently as Senior Advisor to the Chief
Executive Officer. He also was previously a member of the board of directors at Euro Disney SCA from 2002 until 2015. Mr.&nbsp;Staggs holds a Bachelor of Science in Business from the University of Minnesota and a Master of Business Administration
from the Stanford Graduate School of Business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Cristina Stenbeck</B> is a member of our board of directors. She has been a member of
our board of directors since June&nbsp;13, 2017, and her term will expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. In addition to her role on our board of directors, Ms.&nbsp;Stenbeck
serves on the board of directors of Kinnevik AB, where she also was Vice Chairman from 2003 to 2007 and Chairman from 2007 to 2016. In addition, she serves on the board of directors of Babylon Holdings Ltd, Verdere S.&agrave;.r.l., Americana AB,
Americana S.&agrave;.r.l., Bj&ouml;rk&ouml; G&aring;rd, Three Daughters S.&agrave;.r.l., CS Stiftelse f&ouml;r N&auml;sta Generation, The Stenbeck Foundation, and Reach for Change. Ms.&nbsp;Stenbeck previously held board positions in Kinnevik&#146;s
investee companies, including Zalando SE, Millicom International Cellular S.A., and Hugo Stenbecks Stiftelse, as well as St. Andrew&#146;s School. She holds a Bachelor of Science in Business from Georgetown University. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Padmasree Warrior</B> is a member of our board of directors. She has been a member of our board of directors since June&nbsp;13, 2017, and
her term will expire on the date of the general meeting of shareholders to be held to approve the annual accounts of 2017. In addition to her role on our board of directors, Ms.&nbsp;Warrior serves on the boards of directors of NIO, Microsoft, and
Thorn. In addition, Ms.&nbsp;Warrior was a member of the board of directors of Gap, Inc. from 2013 to 2016 and a member of the board of directors of Box from 2014 to 2016. She </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">116 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
also serves as the Chief Executive Officer of NIO U.S. From 2008 to 2015 Ms.&nbsp;Warrior worked at Cisco, most recently as Chief Technology and Strategy Advisor. She holds a Bachelor of Science
in Chemical Engineering from the Indian Institute of Technology and a Master of Science in Chemical Engineering from Cornell University. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Family
Relationships </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There are no family relationships between any of the directors. There are no family relationships between any
director and any of the senior management of our Company. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Arrangements or Understandings </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Christopher Marshall serves as a director pursuant to a shareholder arrangement pursuant to his role as a general partner of TCMI, Inc., which
manages the TCV Funds. Such shareholder arrangement will be terminated upon our listing. None of our other senior management, directors, or key employees has any arrangement or understanding with our principal shareholder, customers, suppliers, or
other persons pursuant to which such senior management, director, or key employee was selected as such. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board of Directors Practices </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Board of Directors Structure </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our
board of directors currently consists of nine directors and is composed of Class A and Class B directors. Our articles of association provide that the board of directors must be composed of at least three members. Each director holds office for the
term decided by the general meeting of the shareholders, but not exceeding six years, or until his or her successor has been appointed. For more information on the date of expiration of each director&#146;s term and the length of time each director
has served, see &#147;Management&#151;Directors, Senior Management, and Employees.&#148; Our directors may be removed at any time, with or without cause, by a resolution of the shareholders&#146; meeting. See &#147;Description of Share Capital and
Articles of Association&#151;Articles of Association&#151;Board of Directors.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our board of directors has established a remuneration
committee. Our remuneration committee consists of Christopher Marshall and Martin Lorentzon. Mr.&nbsp;Marshall is the chair of our remuneration committee. Our remuneration committee has the following responsibilities, among others: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">reviewing, approving (subject to shareholder approval, as required), and making recommendations to our board of directors related to our incentive-compensation plans and equity-based plans; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">reviewing the compensation policies for our employees; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">reviewing and approving total compensation for our chief executive officer and other executive officers; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">reviewing and making recommendations regarding the compensation to be paid to our <FONT STYLE="white-space:nowrap">non-employee</FONT> directors; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">selecting and retaining a compensation consultant; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">such other matters that are specifically delegated to the remuneration committee by our board of directors from time to time. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our board of directors has established an audit committee effective upon the date of our next board meeting. Our audit committee will consist
of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, and
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; will be the chair of our audit committee. All audit
committee members satisfy the &#147;independence&#148; requirements set forth under the rules of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">117 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
NYSE and in Rule <FONT STYLE="white-space:nowrap">10A-3</FONT> under the Exchange Act. Our audit committee has the following responsibilities, among others: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">appointing and replacing our independent registered public accounting firm, subject to shareholder approval; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">retaining, evaluating, and overseeing the work of our independent registered public accounting firm; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">reviewing with our independent registered public accounting firm any audit issues or difficulties and management&#146;s response; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">discussing the annual audited financial statements and quarterly financial statements with management and our independent registered public accounting firm; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">annually reviewing and reassessing the adequacy of our audit committee charter; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">such other matters that are specifically delegated to our audit committee by our board of directors from time to time; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">meeting separately and periodically with management, our internal auditors, and our independent registered public accounting firm. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Directors and Senior Management </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During the year ended December&nbsp;31, 2017, our executive leadership team, including our named executive officers, and members of our board
of directors received total aggregate compensation of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, which included base salary, annual cash bonus, stock options (valued based on their Black-Scholes value), RSUs (for our
directors only) (valued based on the fair market value of the corresponding shares), and $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; in amounts set aside or accrued to provide pension, retirement, or similar benefits.
In determining the foregoing aggregate amounts, compensation amounts paid to certain members of our executive leadership team and members of our board of directors in Swedish Krona were converted based on a December 31, 2017 exchange rate of SEK
8.20 per dollar as published by Reuters. The figure provided for stock options includes an aggregate of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; stock options granted to our executive leadership team and members of
our board of directors in 2017, each with an exercise price of $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; per share and an expiration date of March&nbsp;31, 2022. The figure provided for RSUs includes an aggregate of
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RSUs granted to the members of our board of directors in 2017. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation Discussion&nbsp;&amp; Analysis </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This section discusses the principles underlying the material components of our executive compensation program for a subset of our executive
leadership team who would be our named executive officers, as if we were a domestic issuer and the factors relevant to an analysis of these policies and decisions. These &#147;named executive officers&#148; for 2017 are: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Daniel Ek, who is our <FONT STYLE="white-space:nowrap">Co-Founder</FONT> and serves as our Chief Executive Officer (&#147;CEO&#148;), Chairman, and Director and is our principal executive officer; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Barry McCarthy, who serves as Chief Financial Officer (&#147;CFO&#148;) and is our principal financial officer; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, who serves as &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, who serves as &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;; and
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, who serves as &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">118 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Specifically, this section provides an overview of our executive compensation philosophy, the
overall objectives of our executive compensation program, and each compensation component that we provide. In addition, we explain how and why the remuneration committee of our board of directors arrived at specific compensation policies and
decisions involving our named executive officers during 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each of the key elements of our executive compensation program is discussed
in more detail below. Our compensation programs are designed to be flexible and complementary and to collectively serve their principles and objectives. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Executive Compensation Philosophy and Objectives </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We operate in the highly competitive and dynamic digital media industry as the world&#146;s largest subscription music streaming service. This
industry is characterized by rapidly changing market requirements and the emergence of new competitors. To succeed in this environment, we must continuously develop solutions that meet the needs of our rapidly growing User base in a rapidly changing
environment, efficiently develop and refine new and existing products and services, and demonstrate a strong return on investment to our advertisers. To achieve these objectives, we need a highly talented and seasoned team of data scientists,
engineers, product designers, product managers, and other business professionals. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We recognize that our future success depends on
our continuing ability to attract, develop, motivate, and retain highly qualified and skilled employees, which is driven by our compensation, culture and reputation, and the strength of our brand. We strive to create an environment that is
responsive to the needs of our employees, is open towards employee communication and continual performance feedback, encourages teamwork, and rewards commitment and performance. The principles and objectives of our compensation and benefits programs
for our executive leadership team and other employees are to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Attract, engage, and retain the best executives to work for us, with experience and managerial talent enabling us to be an employer of choice in highly-competitive and dynamic industries; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Align compensation with our corporate strategies, business and financial objectives, and the long-term interests of our stockholders; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Motivate and reward executives whose knowledge, skills, and performance ensure our continued success; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Ensure that our total compensation is fair, reasonable, and competitive. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We compete with many
other companies in seeking to attract and retain experienced and skilled executives. To meet this challenge, we have embraced a compensation philosophy that offers our executive leadership team competitive compensation and benefits packages
including equity grants, which are focused on long-term value creation and that reward our executive leadership team for achieving our financial and strategic objectives. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Roles of Our Board of Directors, Remuneration Committee, and Chief Executive Officer in Compensation Decisions </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The initial compensation arrangements with our executive leadership team, including the named executive officers, have been determined in <FONT
STYLE="white-space:nowrap">arm&#146;s-length</FONT> negotiations with each individual executive. Typically, our CEO has been responsible for negotiating these arrangements, except with respect to his own compensation, with the oversight and final
approval of the members of our board of directors or the remuneration committee. The compensation arrangements have been influenced by a variety of factors, including, but not limited to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our financial condition and available resources; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">119 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our need for that particular position to be filled; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">our board of directors&#146; evaluation of the competitive market based on the third-party data provided by Compensia, Inc. (&#147;Compensia&#148;), a national compensation consulting firm, competitive pay practices for
comparable positions at companies of comparable scale and in relevant business segments, as further described below, and the experience of the members of the remuneration committee with other companies; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the length of service of an individual; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the compensation levels of other members of the executive leadership team, each as of the time of the applicable compensation decision. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Following the establishment of the initial compensation arrangements, our CEO, board of directors and remuneration committee have been
responsible for overseeing our executive compensation program, as well as determining and approving the ongoing compensation arrangements for our CEO and other members of the executive leadership team, including the other named executive officers.
Typically, in years past, our CEO reviewed the performance of the other members of the executive leadership team, including the other named executive officers, and based on this review, along with the factors described above, made recommendations to
the remuneration committee with respect to the total compensation, including each individual component of compensation, of these individuals for the coming year. There was no predetermined time of year for these reviews, although they were generally
performed on an annual basis coinciding with our Company-wide employee compensation review in March. Further, in years past, the remuneration committee reviewed the performance of our CEO, and based on this review and the factors described above,
determined his total compensation for the coming year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The current compensation levels of our executive leadership team, including the
named executive officers, primarily reflect the varying roles and responsibilities of each individual. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Engagement of Compensation Consultant
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The remuneration committee has engaged the services of Compensia to provide executive compensation advisory services. The
remuneration committee directed Compensia to develop a peer group of comparable companies in our sector and prepare a competitive market analysis of our executive compensation program to assist it in determining the appropriate level of overall
compensation, as well as assess each separate component of compensation, with the goal of understanding the competitiveness of the compensation we offer to our executive leadership team. The peer group (the &#147;Peer Group&#148;) for 2017 consisted
of the following companies: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="22%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Citrix Systems</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CoStar&nbsp;Group</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Criteo</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Expedia</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Groupon</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">HomeAway</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">IAC/InterActiveCorp</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Just Eat</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">King Digital Entertainment</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Linkedin</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Netflix</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Netuite</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Pandora Media</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Qlik&nbsp;Technologies</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Scripps&nbsp;Networks&nbsp;Interactive</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">ServiceNow</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sirius XM Holdings</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Tesla Motors</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">The&nbsp;Ultimate&nbsp;Software&nbsp;Group&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">TripAdvisor</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Twitter</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">VeriSign</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Workday</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Zillow&nbsp;Group</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Zulily</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The remuneration committee bases its executive compensation decisions, at least in part, by reference to the
compensation of the executives holding comparable positions at this group of comparable peer companies, as it may be adjusted from time to time. In 2017 Compensia provided the remuneration committee with total cash
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">120 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
compensation data and total compensation data (including cash compensation and equity compensation) at various percentiles within the Peer Group. The remuneration committee considered this data
in determining the compensation levels of our named executive officers, but we did not benchmark our executive compensation to any <FONT STYLE="white-space:nowrap">pre-determined</FONT> target percentile of market. The remuneration committee sought
to compensate our named executive officers at a level that would allow us to successfully recruit and retain the best possible talent for our executive leadership team. Overall, Compensia&#146;s analysis of our Peer Group indicated that the target
total cash compensation for our named executive officers was approximately the 25<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> percentile of our Peer Group. Our total compensation for our named executive officers other than our CEO,
including cash and equity compensation, was between the 50<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> and 75<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> percentile of our Peer Group. As noted above, we rely heavily on our
stock options to incentivize our employees, including each of our named executive officers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Compensia&#146;s analysis of our Peer Group
also indicated that our CEO&#146;s total cash compensation for 2017 was approximately the 50<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> percentile of our Peer Group and his total compensation, including cash and equity compensation, was
below the 25<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> percentile of our Peer Group. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Compensation Philosophy </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We design the principal components of our executive compensation program to fulfill one or more of the principles and objectives described
above. Compensation of our named executive officers consists of the following elements: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">base salary; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">equity incentive compensation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">certain severance benefits; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">retirement savings plans; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">health and welfare benefits and certain limited perquisites and other personal benefits. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We
offer cash compensation in the form of base salaries that we believe appropriately reward our executive leadership team members for their individual contributions to our business. We have opted not to offer annual cash bonuses to our executive
leadership team members, as we believe they do not incentivize the long-term growth of the Company. Instead, we incentive our executive leadership team members heavily through stock-based compensation, which we believe fosters the long-term growth
of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have emphasized the use of equity to incentivize our executive leadership team to focus on the growth of our overall
enterprise value and, correspondingly, the creation of value for our stockholders. As a result of this compensation practice, we have tied a greater percentage of each executive leadership team member&#146;s total compensation to stockholder returns
and kept cash compensation at modest levels, while providing the opportunity to be well-rewarded through equity if we perform well over time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Except as described below, we have not adopted any policy or guidelines for allocating compensation between currently-paid and long-term
compensation, between cash and <FONT STYLE="white-space:nowrap">non-cash</FONT> compensation, or among different forms of <FONT STYLE="white-space:nowrap">non-cash</FONT> compensation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each of the primary elements of our executive compensation program is discussed in more detail below. We believe that, as a part of our
overall executive compensation policy, each individual element serves our objectives described above. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Executive Compensation Program Components
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following describes the primary components of our executive compensation program for each of our named executive officers, the
rationale for that component, and how compensation amounts are determined. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">121 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Base Salary </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Generally, our named executive officer&#146;s initial base salaries were established through arms-length negotiation at the time the individual
was hired, taking into account his or her qualifications, experience, and prior salary level. Thereafter, the base salaries of our executive leadership team members, including the named executive officers, are reviewed periodically by our
remuneration committee, and adjustments are made as deemed appropriate. There were no base salary increases in 2017. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of
July&nbsp;1, 2017, our CEO does not receive a base salary but instead receives an annual bonus subject to the fulfillment of certain milestones and/or discretionary approval by our board of directors. The first such annual bonus, in an amount up to
$1 million will be payable in the first quarter of 2018 if the Company achieved (i)&nbsp;more than 70,000,000 Premium Subscribers in 2017, (ii) more than 150,000,000 MAUs in 2017, and (iii) 25% in gross margin during the second half of 2017. Mr. Ek
no longer retains any rights associated with his fixed monthly salary from his employment agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In fiscal year 2017, our named
executive officers were entitled to the following base salaries: </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:86.10pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Named Executive Officer</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Base Salary</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Daniel Ek</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barry McCarthy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Long-Term Equity Incentives </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each of our named executive officers has been granted equity awards in the Company, which allow them to share in the future appreciation of the
Company, subject to certain vesting conditions, as described in more detail below. These equity awards are designed to foster a long-term commitment to us by our named executive officers, provide a balance to the salary component of our compensation
program, align a portion of our executives&#146; compensation to the interests of our principal equityholders, promote retention, and reinforce our <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">pay-for-performance</FONT></FONT>
structure (as discussed in more detail below). For further information on our equity award programs please see &#147;&#151;Share Ownership&#148; below. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Equity Award Decisions </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each year our
remuneration committee approves a stock option program and restricted stock unit program to incentive our employees, including our named executive officers. Our remuneration committee, in consultation with our CEO, determines the allocation of such
awards to our executive leadership team members. In making these equity awards, the remuneration committee takes into consideration the Company&#146;s financial results and market conditions, as well as the factors described above. In 2017, none of
named executive officers were granted restricted stock units in the Company. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additionally, for our Swedish employees, upon the
exercise of a stock option, the company is required to pay a social insurance tax in an amount equal to 31.42% of the spread value of the option. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Retirement Savings and Other Benefits </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our retirement programs comply with local laws and regulations. For our employees who reside in Sweden, including Mr.&nbsp;Ek, we participate
in an occupational pension plan. Pursuant to such plan we pay a premium of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">122 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
4.5% of each such officer&#146;s monthly base salary up to an annual income ceiling and 30% of monthly base salary on amounts above such annual income ceiling. Employees also may contribute
additional amounts through a salary exchange program pursuant to which eligible employees are given the opportunity to enhance their pension savings by choosing to exchange a portion of their base salary for additional pension contributions. The
minimum amount for salary exchange contributions is SEK 500 per month. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For our employees in the United States who satisfy certain
eligibility requirements, including Mr.&nbsp;McCarthy, we have established a 401(k) retirement savings plan. Under the 401(k) plan, eligible employees may elect to reduce their current compensation by up to the prescribed annual limit and contribute
these amounts to the 401(k) plan. The Company matches up to 50% of the employee&#146;s contributions up to 6% of their annual salary. Employees vest in the employer-contributions ratably over four years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company does not maintain any defined benefit plans for any of its named executive officers. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Employee Benefits and Perquisites </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additional benefits received by our Swedish employees, including Mr.&nbsp;Ek, include private healthcare, accident insurance, life and
long-term disability insurance, travel insurance, paternity leave, and maternity leave. Additional benefits received by our U.S. employees, including Mr.&nbsp;McCarthy, include medical, dental, and vision benefits, medical, and dependent care
flexible spending accounts, short-term and long-term disability insurance, basic life insurance coverage, paternity leave, and maternity leave. These benefits are provided to our named executive officers on the same general terms as they are
provided to all of our full-time employees in the applicable countries. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We design our employee benefits programs to be affordable
and competitive in relation to the market, as well as compliant with applicable laws and practices. We adjust our employee benefits programs as needed based upon regular monitoring of applicable laws and practices in the competitive market. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We do not view perquisites or other personal benefits as a significant component of our executive compensation program. We provided Mr.
McCarthy with relocation assistance and tax preparation assistance in connection with his relocation. In the future, we may provide perquisites or other personal benefits in limited circumstances, such as where we believe it is appropriate to assist
an individual executive officer in the performance of his or her duties, to make our executive leadership team members more efficient and effective, and for recruitment, motivation, or retention purposes. All future practices with respect to
perquisites or other personal benefits for our named executive officers will be approved and subject to periodic review by the remuneration committee. We do not expect these perquisites to be a significant component of our compensation program. </P>
 <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Severance </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each of our
named executive officers is entitled to severance upon certain qualifying terminations. For further information on such amounts please see &#147;&#151;Employment Agreements&#148; below. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Employment Agreements </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have, or
one of our subsidiaries has, entered into employment agreements with<I> </I>Mr. Ek and McCarthy. We currently do not have employment agreements or other service contracts with any members of our board of directors, except for Mr. Ek. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In 2011, Mr.&nbsp;Ek entered into a new employment agreement that replaced his prior agreement. The employment agreement provides for an
indefinite term that automatically expires upon Mr.&nbsp;Ek&#146;s retirement at age 65. The </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">123 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
agreement provides for a fixed monthly salary, although the board of directors determined that, commencing July&nbsp;1, 2017, Mr.&nbsp;Ek would no longer receive an annual salary and would
instead have the right to receive solely a discretionary annual bonus subject to the achievement of certain milestones. The first such annual bonus, in an amount up to $1 million will be payable in the first quarter of 2018 if the Company achieved
(i) more than 70,000,000 Premium Subscribers in 2017, (ii) more than 150,000,000 MAUs in 2017, and (iii) 25% in gross margin during the second half of 2017.<SUP STYLE="font-size:85%; vertical-align:top"></SUP> The amount of such bonus payment has
not yet been determined. Mr. Ek no longer retains any rights associated with his fixed monthly salary from his employment agreement. The agreement also provides for a <FONT STYLE="white-space:nowrap">six-month</FONT> notice period prior to
termination, though we may terminate the agreement with immediate effect if Mr.&nbsp;Ek has grossly neglected his obligations or otherwise materially breached the contract. In the event of termination of employment by us (other than due to gross
neglect), in addition to pay during the notice period, Mr.&nbsp;Ek also will be entitled to a severance payment equal to six times his monthly salary, less any income from future employment, payable in monthly installments following termination.
</P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Ek&#146;s employment agreement contains post-termination <FONT STYLE="white-space:nowrap">non-competition</FONT> covenants
that we could choose to enforce for 12 months following any type of termination of employment, except termination by us due to any reason other than breach of contract by Mr.&nbsp;Ek. In consideration for the
<FONT STYLE="white-space:nowrap">non-competition</FONT> covenant, we will pay Mr.&nbsp;Ek, in monthly installments during his restricted period, 12 times his monthly salary, less any income from future employment, in an amount up to 60% of
Mr.&nbsp;Ek&#146;s monthly salary. Such payment will not be made during any period Mr.&nbsp;Ek is otherwise receiving severance pay from us or if Mr.&nbsp;Ek&#146;s employment ceases as a result of retirement or termination by us due to
Mr.&nbsp;Ek&#146;s breach of contract. If we decide not to enforce the <FONT STYLE="white-space:nowrap">non-competition</FONT> covenant, the corresponding payment obligation would also cease. Mr.&nbsp;Ek&#146;s employment agreement also includes
employee and customer <FONT STYLE="white-space:nowrap">non-solicitation</FONT> clauses that will apply for <FONT STYLE="white-space:nowrap">12-months</FONT> post-termination and that do not require us to pay any additional consideration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In October 2016, Mr.&nbsp;McCarthy entered into a new employment agreement that replaced his prior agreement (the &#147;McCarthy
Agreement&#148;). The agreement provides for an indefinite employment period. The agreement also provides for a base salary, participation in our benefit plans, and total target compensation of $5,000,000. We may terminate Mr.&nbsp;McCarthy&#146;s
employment without &#147;Cause&#148; (as defined in the agreement) upon three months&#146; notice. In addition, upon a termination without Cause, Mr.&nbsp;McCarthy is entitled to a severance amount equal to his base salary for six months and
subsidized health benefits for six months. If Mr.&nbsp;McCarthy&#146;s employment is terminated within 12 months after a change in control of the Company (which will not occur in connection with the initial registration), or if he is required to
perform duties that are materially inconsistent with those normally performed by him or is otherwise constructively dismissed following the change in control, he is entitled to receive a lump sum severance payment of 12 months&#146; salary and
subsidized health benefits. Mr.&nbsp;McCarthy also is subject to a nine-month post-termination <FONT STYLE="white-space:nowrap">non-competition</FONT> covenant (with such period commencing on the last day of the notice period) and a <FONT
STYLE="white-space:nowrap">two-year</FONT> post-termination <FONT STYLE="white-space:nowrap">non-solicitation</FONT> covenant. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For
further information on the post termination treatment of our stock options please see &#147;&#151;Stock Options&#148; below. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">124 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Share Ownership </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table provides information regarding share ownership by our officers and directors as
of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:89.90pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name of Beneficial Owner</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>Shares<BR>Owned<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Approximate<BR>Percentage&nbsp;of<BR>Outstanding<BR>Ordinary<BR>Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Shares<BR>Underlying<BR>Options</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>Exercise<BR>Price&nbsp;($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>Expiration<BR>Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Restricted<BR>Stock<BR>Units</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Warrants</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Subscription<BR>Price ($)</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Daniel Ek<SUP STYLE="font-size:85%; vertical-align:top">(2) </SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Martin Lorentzon<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Barry McCarthy<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Christopher Marshall</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Shishir Mehrotra</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Heidi O&#146;Neill</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Ted Sarandos</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Thomas Staggs</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Cristina Stenbeck</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Padmasree Warrior</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>  <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Excludes beneficiary certificates. For the number of beneficiary certificates held by our officers and directors, see &#147;Registered Shareholders.&#148; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Such amount includes beneficial ownership by D.G.E Investments Ltd., an entity wholly-owned by Mr.&nbsp;Ek. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Such amount includes beneficial ownership by Rosello Company Limited, an entity wholly-owned by Mr.&nbsp;Lorentzon. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Such amount includes beneficial ownership by Rivers Cross Trust, an entity wholly-owned by Mr.&nbsp;McCarthy. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Stock Options </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We offer stock
options to all permanent employees, including the executive leadership team, upon hire, in order to allow all such employees to share in our future success. Certain employees, including the executive leadership team, also are eligible for yearly
stock option grants. Each stock option represents the right to purchase one of our ordinary shares. Pursuant to the recent stock option programs, each participant is granted a stock option at a specified exercise price. Since January&nbsp;1, 2016,
the exercise prices have been set at fair market value. Of each grant, 3/16ths of the total number of options granted vests on the first of any of March&nbsp;1, June&nbsp;1, September&nbsp;1, or December&nbsp;1 falling more than three months from
the date of grant (except for grants made prior to 2017 in Australia for which 5/16 vests on the first of March&nbsp;1, June&nbsp;1, September&nbsp;1, or December&nbsp;1 after 12 months from the date of grant), and thereafter 1/16 vests on each
March&nbsp;1, June&nbsp;1, September&nbsp;1, and December&nbsp;1 thereafter, subject to continued employment. The options expire on March 31 of the fifth year following the date of grant. Initially, vested options were only exercisable annually
during a <FONT STYLE="white-space:nowrap">30-day</FONT> exercise window, for a period of time immediately following the optionee&#146;s termination and upon the expiration of the term of the option. In 2016, we amended our stock option program to
provide that vested options could be exercised during each March, June, September, and December prior to the expiration of the term of the option. We later further amended our stock option program in 2017 to provide that vested options may be
exercised at any time prior to the expiration of the option term. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Upon the termination of an optionee&#146;s employment for any
reason, all unvested options held by the optionee will be immediately forfeited. If the optionee resigns; if we terminate the optionee&#146;s employment other than as a result of death, disability or &#147;Cause&#148; (as defined in the option
plan); or if the optionee retires, the optionee&#146;s vested options will remain exercisable for 90 days following such termination. If the optionee&#146;s termination of employment occurs due to death or disability, the vested options will remain
exercisable for 194 days following termination. In either case, the option will no longer be exercisable after the expiration date. Upon termination for Cause, vested options will immediately be forfeited. We also may cancel an optionee&#146;s
options upon the optionee&#146;s commission of a material breach of the terms and conditions or our shareholders&#146; agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
board of directors may provide for a new exercise period upon a change in control. If the board of directors sets a new exercise period, 50% of each holder&#146;s unvested options will accelerate and vest. Following
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">125 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
such acceleration, the board of directors may choose to allow the unvested options to continue to vest or lapse. If the board allows the unvested options to continue vesting, 1/8<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> of the unvested option will vest on the first cliff vesting date as described above, and 1/32<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP> of the remaining option will vest each quarter
thereafter. If we or our successor terminates an optionee&#146;s employment without Cause within six months following a transaction constituting a change in control, any unvested stock options held by the optionee will vest as of such termination.
The plans provide for other potential adjustments to the stock options in the event of corporate transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our board of directors
approved a stock option program for 2018 with substantially the same terms as described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We intend to amend our existing stock
option programs in connection with this registration to align the programs with being a public company. The amendments will not materially adversely affect any of the outstanding holders and will include updates related to securities law compliance
and exercise through electronic platforms. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also maintain an option program for former employees of The Echo Nest Corporation who are
not members of the executive leadership team, which options we assumed in connection with the acquisition of The Echo Nest Corporation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Restricted
Stock Units </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also grant RSUs on limited occasions to select employees. Each RSU represents the right to receive one of our
ordinary shares. <FONT STYLE="white-space:nowrap">One-fifth</FONT> of each grant of RSUs time-vests on each September&nbsp;1, commencing on the September&nbsp;1 falling more than three months from the date of grant and subject to the holder&#146;s
continued employment with us. In addition to time-vesting, one of the following events or dates also has to occur in order for the RSUs to fully vest: (i)&nbsp;the <FONT STYLE="white-space:nowrap">six-month</FONT> anniversary of an initial public
offering (which, as noted above, will not occur in connection with this registration), (ii) a change in control, and (iii)&nbsp;September&nbsp;1 of the third year following the date of grant, subject to the holder&#146;s continued employment through
such date. If one of such events or dates occurs prior to final time vesting of an award of RSUs, then the RSUs will continue to be subject to time-vesting following such event or date, and will fully vest upon the final vesting date. The RSUs are
settled in ordinary shares on or as soon as reasonably practicable (but no later than 30 days) following full vesting, subject to payment by the holder of the nominal value per share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The plans provide for other potential adjustments to the RSUs in the event of corporate transactions. If the holder commits a material breach
of the terms and conditions governing RSUs or any shareholder agreement, we may cancel the unvested RSUs. All unvested RSUs will be forfeited upon any termination of employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On certain occasions we also grant RSUs to individuals who become employees through acquisitions, with varying vesting schedules. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our board of directors approved a RSU program for 2018 with substantially the same terms as described above, except that the RSUs fully vest
on each of the first five anniversaries of the date of grant subject to the holder&#146;s continued employment with us. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We intend to
amend all our existing employee RSU programs in connection with this registration to align the programs with being a public company. The amendments will not materially adversely affect any of the outstanding holders and will include updates related
to securities law compliance and settlement through electronic platforms. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">126 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Restricted Stock </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with a recent acquisition, we issued restricted stock to certain employees of the target. Of each such grant of restricted stock,
<FONT STYLE="white-space:nowrap">one-third</FONT> will vest on the second anniversary of the closing of such transaction, and the remaining <FONT STYLE="white-space:nowrap">two-thirds</FONT><SUP STYLE="font-size:85%; vertical-align:top"> </SUP>will
vest on the third anniversary of such closing, subject, in each case, to the employee&#146;s continued employment through such vesting date. The award agreement provides for potential adjustments to the restricted stock in the event of corporate
transactions. Upon certain terminations prior to an applicable vesting date, we have the right, but not the obligation, to acquire the unvested restricted stock at an agreed upon price per share. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Warrants </I></B></P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&nbsp;17,
2016, Mr.&nbsp;Ek purchased, through D.G.E Investments Ltd, an entity wholly-owned by him, 80,000 non-compensatory warrants in the Company, pursuant to a subscription agreement. Each warrant was purchased for $230.50, the then-current fair market
value per share. The terms and conditions for the warrants provide that D.G.E. Investments Ltd. may purchase the shares underlying the warrants for $2,024.40 per share at any time prior to October&nbsp;17, 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On July&nbsp;13, 2017, Mr.&nbsp;Ek purchased, through D.G.E. Investments Ltd, 40,000 non-compensatory warrants in the Company, pursuant to a
subscription agreement. Each warrant was purchased for $249.15, the then-current fair market value per share. The terms and conditions for the warrants provide that D.G.E. Investments Ltd. may purchase the shares underlying the warrants for $3,589
per share at any time prior to July&nbsp;13, 2020. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The warrants are subject to adjustment upon certain corporate events. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Compensation Tables </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Summary
Compensation Table </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information concerning the compensation of our named executive officers for the
year ended December&nbsp;31, 2017. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:97.90pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name and Principal Position</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Year</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Salary</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Bonus</B><br><B>($) (1)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock<BR>Awards</B><br><B>($) (2)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>Awards</B><br><B>($) (3)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-Equity</FONT><BR>Incentive Plan<BR>Compensation</B><br><B>($) (4)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change in<BR>Pension Value<BR>and<BR>Nonqualified<BR>Deferred<BR>Compensation<BR>Earnings</B><br><B>($) (5)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All Other<BR>Compensation</B><br><B>($) (6)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B><br><B>(7)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Daniel Ek (CEO)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barry McCarthy (CFO)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">127 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Grants of Plan-Based Awards in 2017 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information regarding grants of plan-based awards made to our named executive officers during the year ended
December&nbsp;31, 2017: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Grant<BR>Date</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Estimated Future Payouts Under<BR>Equity Incentive Plan Awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All&nbsp;Other<BR>Stock<BR>Awards:<BR>Number&nbsp;of<BR>Shares of<BR>Stock</B><br><B>(# shares)</B><br><B>(1)</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All Other<BR>Option<BR>Awards:<BR>Number of<BR>Securities<BR>Underlying<BR>Options</B><br><B>(# shares)</B><br><B>(2)</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Exercise<BR>or Base<BR>Price of<BR>Option<BR>Awards<BR>Per<BR>Share</B><br><B>($)</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Grant<BR>Date&nbsp;Fair<BR>Value of<BR>Stock&nbsp;and<BR>Options<BR>Awards</B><br><B>($)</B><br><B>(3)</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Threshold</B><br><B>(# shares)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Target</B><br><B>(#&nbsp;shares)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Maximum</B><br><B>(# shares)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Daniel Ek</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barry McCarthy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Outstanding Equity Awards at 2017 Fiscal <FONT STYLE="white-space:nowrap">Year-End</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table summarizes the number of shares of common stock underlying outstanding equity incentive plan awards for each named
executive officer as of December&nbsp;31, 2017: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option Awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock Awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Grant<BR>Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number<BR>of&nbsp;Securities<BR>Underlying<BR>Unexercised<BR>Options<BR>(#)<BR>Exercisable</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number<BR>Of&nbsp;Securities<BR>Underlying<BR>Unexercised<BR>Options<BR>(#)<BR>Unexercisable</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>Exercise<BR>Price<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>Expiration<BR>Date</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number<BR>Of&nbsp;Shares<BR>Of Stock<BR>That&nbsp;Have<BR>Not<BR>Vested<BR>(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Market<BR>Value of<BR>Shares of<BR>Stock<BR>That&nbsp;Have<BR>Not<BR>Vested <BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Daniel Ek</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barry McCarthy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2017 Option Exercises and Stock Vested </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table summarizes stock option exercises by and vesting of stock applicable to our named executive officers during the year ended
December&nbsp;31, 2017: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option Awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock Awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of&nbsp;Shares<BR>Acquired&nbsp;on&nbsp;Exercise<BR>(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Value&nbsp;Realized&nbsp;on<BR>Exercise<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of&nbsp;Shares<BR>Acquired&nbsp;on&nbsp;Vesting<BR>(#)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Value&nbsp;Realized&nbsp;on<BR>Vesting<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Non-Employee</FONT> Director Compensation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Similarly to our executive compensation decisions, the remuneration committee bases its decisions regarding
<FONT STYLE="white-space:nowrap">non-employee</FONT> director compensation, at least in part, by reference to the compensation of the <FONT STYLE="white-space:nowrap">non-employee</FONT> directors in the Peer Group. For our <FONT
STYLE="white-space:nowrap">non-employee</FONT> directors we provide equity compensation in the form of RSUs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">We annually grant RSUs to <FONT
STYLE="white-space:nowrap">non-employee</FONT> members of our board of directors. Each such grant generally vests ratably over four years. The <FONT STYLE="white-space:nowrap">non-employee</FONT> director RSUs will fully vest upon the occurrence of
a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">128 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
change in control. Like employee RSUs, the RSUs are settled within 30 days following vesting, subject to payment by the holder of the nominal value per share, and unvested RSUs are forfeited on
termination of service. The plans provide for certain potential adjustments in the event of corporate transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our board of
directors approved an RSU program for 2018 with substantially the same terms as described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We intend to amend all our existing
director RSU programs in connection with this registration to align the programs with being a public company. The amendments will not materially adversely affect any of the outstanding holders and will include updates related to securities law
compliance and settlement through electronic platforms. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&nbsp;17, 2016, Mr.&nbsp;Lorentzon purchased, through Rosello
Company Limited, an entity wholly-owned by him, 48,000 non-compensatory warrants in the Company, pursuant to a subscription agreement. Each warrant was purchased for $230.50, the then-current fair market value per share. The terms and conditions for
the warrants provide that the entity may purchase the shares underlying the warrants for $2,024.40 per share at any time prior to October&nbsp;17, 2019. The warrants are subject to adjustment upon certain corporate events. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">None of our <FONT STYLE="white-space:nowrap">non-employee</FONT> directors received cash compensation for their services as <FONT
STYLE="white-space:nowrap">non-employee</FONT> directors in 2017. Mr.&nbsp;Mehrotra was an employee of the Company until May&nbsp;12, 2017. For his services as an employee, he received an annual base salary of $120,000 in 2017 as well as grants of
restricted stock units as shown in the table below. His restricted stock units were accelerated and settled upon his termination as an employee and are no longer outstanding. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2017 Director Compensation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth information concerning the compensation of our <FONT STYLE="white-space:nowrap">non-employee</FONT> directors
during the year ended December&nbsp;31, 2017:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fees<BR>Earned&nbsp;or<BR>Paid in<BR>Cash<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Stock<BR>Awards</B><br><B>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Option<BR>Awards</B><br><B>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-equity</FONT><BR>incentive<BR>plan<BR>compensation<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Change in<BR>Pension Value<BR>and<BR><FONT STYLE="white-space:nowrap">Non-Qualified</FONT><BR>Deferred<BR>Compensation<BR>Earnings</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>All Other<BR>Compensation<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total<BR>($)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Martin Lorentzon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Christopher Marshall</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shishir Mehrotra</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Heidi O&#146;Neill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ted Sarandos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thomas Staggs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cristina Stenbeck</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Padmasree Warrior</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">129 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table below shows the aggregate numbers of option awards (exercisable and unexercisable)
and unvested stock awards held as of December&nbsp;31, 2017 by each <FONT STYLE="white-space:nowrap">non-employee</FONT> director who was serving as of December&nbsp;31, 2017. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Options<BR>Outstanding<BR>at Fiscal<BR>Year End</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unvested<BR>Restricted<BR>Stock Units<BR>Outstanding<BR>at Fiscal<BR>Year End</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Martin Lorentzon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Christopher Marshall</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shishir Mehrotra</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Heidi O&#146;Neill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ted Sarandos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thomas Staggs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cristina Stenbeck</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Padmasree Warrior</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">130 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_17"></A>REGISTERED SHAREHOLDERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth, as of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2018, the number of our ordinary shares and beneficiary certificates held by the Registered Shareholders. The Registered Shareholders include (i)&nbsp;affiliates of the Company and certain other shareholders (other than affiliates of TME and Tencent
who have agreed not to transfer their ordinary shares for a period of three years from the closing of the Tencent Transactions subject to limited exceptions) with &#147;restricted securities&#148; (as defined in Rule 144 under the Securities Act)
who, prior to the effectiveness of the Registration Statement, are subject to the limitations of the registration exemption provided by Rule 144, and (ii)&nbsp;our employees. The Registered Shareholders may, or may not, elect to sell their ordinary
shares covered by this prospectus, as and to the extent they may determine. Such sales, if any, will be made through ordinary brokerage transactions on the NYSE at prevailing market prices. As such, the Company will have no input if and when any
Registered Shareholder may, or may not, elect to sell their ordinary shares or the prices at which any such sales may occur. See &#147;Plan of Distribution.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Information concerning the Registered Shareholders may change from time to time and any changed information will be set forth in supplements
to this prospectus, if and when necessary. Because the Registered Shareholders may sell all, some, or none of the ordinary shares covered by this prospectus, we cannot determine the number of such ordinary shares that will be sold by the Registered
Shareholders, or the amount or percentage of ordinary shares that will be held by the Registered Shareholders upon termination of any particular sale. In addition, the Registered Shareholders listed in the table below may have sold, transferred, or
otherwise disposed of, or may sell, transfer, or otherwise dispose of, at any time and from time to time, our ordinary shares in transactions exempt from the registration requirements of the Securities Act, after the date on which they provided the
information set forth in the table below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Registered Shareholders are not entitled to any registration rights with respect to the
ordinary shares. However, we currently intend to use our reasonable efforts to keep the Registration Statement effective for a period of 90 days after the effectiveness of the Registration Statement. We are not party to any arrangement with any
Registered Shareholder or any broker-dealer with respect to sales of the ordinary shares by the Registered Shareholders. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
accordance with the rules of the SEC, beneficial ownership includes voting or investment power with respect to securities and includes the ordinary shares issuable pursuant to options, warrants, and RSUs that are exercisable or settled within 60
days of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. Ordinary shares issuable pursuant to options, warrants, and RSUs are deemed outstanding for computing the percentage of the person holding such securities but are not
outstanding for computing the percentage of any other person. The percentage of beneficial ownership for the following table is based on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; total ordinary shares
and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; total beneficiary certificates outstanding as of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">131 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Registered Shareholders have not, nor have they within the past three years had, any
position, office, or other material relationship with us, other than as disclosed in this prospectus. See &#147;Management&#148; and &#147;Related Party Transactions&#148; for further information regarding the Registered Shareholders. The business
address of each Registered Shareholder is Regeringsgatan 19, 111 53 Stockholm, Sweden, unless otherwise indicated below. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Ordinary Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Beneficiary&nbsp;Certificates</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;Votes</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of&nbsp;Shares<BR>being Registered</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Daniel Ek<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Martin Lorentzon<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barry McCarthy<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Katarina Berg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Alex Norstr&ouml;m</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gustav S&ouml;derstr&ouml;m</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Christopher Marshall</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shishir Mehrotra</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ted Sarandos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cristina Stenbeck</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Padmasree Warrior</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thomas Staggs<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Funds Managed by TCMI, Inc.<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tiger Global<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">All Other Employees<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">All Other Registered Shareholders<SUP STYLE="font-size:85%; vertical-align:top">(8)</SUP></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">Represents beneficial ownership of less than 1% of total ordinary shares outstanding. </TD></TR></TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes ordinary shares beneficially owned by Mr.&nbsp;Ek through D.G.E Investments Ltd., an entity wholly-owned by Mr.&nbsp;Ek.&nbsp;D.G.E Investments Ltd.&#146;s business address is Makariou&nbsp;&amp; Kalograion, 4,
Nicolaides Sea View City, 9th Floor, Offices <FONT STYLE="white-space:nowrap">903-904,</FONT> Block <FONT STYLE="white-space:nowrap">A-B,</FONT> 6016 Larnaca, Cyprus. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes ordinary shares beneficially owned by Mr.&nbsp;Lorentzon through Rosello Company Limited, an entity wholly-owned by Mr.&nbsp;Lorentzon. Rosello Company Limited&#146;s business address is 22 Stasikratous Street,
Office 104, 1065 Nicosia, Cyprus. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes ordinary shares beneficially owned by Mr.&nbsp;McCarthy through Rivers Cross Trust, an entity wholly-owned by Mr.&nbsp;McCarthy. Rivers Cross Trust&#146;s business address is 3875 Woodside Rd, Woodside,
California 94062. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes ordinary shares beneficially owned by Mr. Staggs through the Staggs Trust, a revocable inter-vivos trust established by Mr.&nbsp;Staggs and his spouse. Staggs Trust&#146;s business address is 9665 Wilshire
Blvd., Suite 525, Beverly Hills, California 90212. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes ordinary shares registered in the name of TCV VII, L.P., TCV VIII, L.P., TCV VII (A), L.P., TCV VIII (A), L.P., TCV VIII (B), L.P. and TCV Members Fund, L.P. (collectively, &#147;TCV&#148;). TCV&#146;s business
address is PO Box 309, Ugland House, <FONT STYLE="white-space:nowrap">KY1-1104</FONT> Grand Cayman, Cayman Islands. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Consists of ordinary shares beneficially owned by Tiger Global Private Investment Partners IX, L.P. and other entities and individuals affiliated with Tiger Global Management, LLC. Tiger Global Management, LLC is
controlled by Chase Coleman, Lee Fixel, and Scott Shleifer. The business address for each of these entities and individuals is c/o Tiger Global Management, LLC, 9 West 57<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> Street, 35<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> Floor, New York, NY 10019. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ordinary shares and
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ordinary shares issuable pursuant to options that are exercisable within 60 days
of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; , 2017 held by certain of our employees not listed above who, as a group, own &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of our total
outstanding ordinary shares, with no single holder owning more than 1% of our total outstanding ordinary shares. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(8)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Represents &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ordinary shares and &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ordinary shares issuable pursuant to
options that are exercisable within 60 days of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017 held by &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registered
Shareholders not listed above who, as a group, own less than 1% of our total outstanding ordinary shares. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">132 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_18"></A>PRINCIPAL SHAREHOLDERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth, as of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018, the number of our
ordinary shares and beneficiary certificates held by each person we know to hold more than 5% of our ordinary shares and beneficiary certificates, respectively, and the percentage of total votes held by each such person. The voting rights of our
major shareholders are the same as the voting rights of holders of our ordinary shares and beneficiary certificates who are not our major shareholders. As
of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018, the registrar and transfer agent for our Company reported that &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
of our ordinary shares were held by &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; record holders in the United States and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of our beneficiary
certificates were held by &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; record holders in the United States. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with the rules of the SEC, beneficial ownership includes voting or investment power with respect to securities and includes the
ordinary shares issuable pursuant to options, warrants, and RSUs that are exercisable or settled within 60 days of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018. Ordinary shares issuable pursuant to options,
warrants, and RSUs are deemed outstanding for computing the percentage of the person holding such options but are not outstanding for computing the percentage of any other person. The percentage of beneficial ownership for the following table is
based on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; total ordinary shares and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; total beneficiary certificates outstanding as of
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; . </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Ordinary Shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Beneficiary&nbsp;Certificates<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total&nbsp;Votes</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:20.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percent</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Daniel Ek<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Martin Lorentzon<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sony Music Entertainment International
Ltd<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Funds Managed by TCMI, Inc.<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tiger Global<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>  <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes ordinary shares beneficially owned by Mr.&nbsp;Ek through D.G.E Investments Ltd., an entity wholly-owned by Mr.&nbsp;Ek.&nbsp;D.G.E Investments Ltd.&#146;s business address is Makariou&nbsp;&amp; Kalograion, 4,
Nicolaides Sea View City, 9th Floor, Offices <FONT STYLE="white-space:nowrap">903-904,</FONT> Block <FONT STYLE="white-space:nowrap">A-B,</FONT> 6016 Larnaca, Cyprus. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes ordinary shares beneficially owned by Mr.&nbsp;Lorentzon through Rosello Company Limited, an entity wholly-owned by Mr.&nbsp;Lorentzon. Rosello Company Limited&#146;s business address is 22 Stasikratous Street,
Office 104, 1065 Nicosia, Cyprus. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Sony Music Entertainment International Ltd&#146;s business address is 9 Derry Street, London, W8 5HY, United Kingdom. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes ordinary shares registered in the name of TCV VII, L.P., TCV VIII, L.P., TCV VII (A), L.P., TCV VIII (A), L.P., TCV VIII (B), L.P. and TCV Members Fund, L.P. (collectively, &#147;TCV&#148;). TCV&#146;s business
address is PO Box 309, Ugland House, <FONT STYLE="white-space:nowrap">KY1-1104</FONT> Grand Cayman, Cayman Islands. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Consists of ordinary shares beneficially owned by Tiger Global Private Investment Partners IX, L.P. and other entities and individuals affiliated with Tiger Global Management, LLC. Tiger Global Management, LLC is
controlled by Chase Coleman, Lee Fixel, and Scott Shleifer. The business address for each of these entities and individuals is c/o Tiger Global Management, LLC, 9 West 57<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> Street, 35<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> Floor, New York, NY 10019. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our shareholders have authorized the issuance of up to 35,000,000 beneficiary certificates to entities beneficially owned by our founders, Daniel Ek and Martin Lorentzon, as well as to certain of our shareholders
pursuant to an offer to subscribe for a number of beneficiary certificates in accordance with any applicable rights such shareholders may have. The beneficiary certificates will carry no economic rights and will be issued to provide the holders of
such certificates additional voting rights. Each beneficiary certificate will entitle the shareholder to one vote. The beneficiary certificates, when issued and subject to certain exceptions, will be
<FONT STYLE="white-space:nowrap">non-transferable</FONT> and shall be automatically canceled for no consideration in the case of sale or transfer of the ordinary share to which they are linked. See &#147;Description of Share Capital and Articles of
Association.&#148; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">133 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Change in Control Arrangements </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">None applicable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">134 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_19"></A>RELATED PARTY TRANSACTIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our articles of association and Luxembourg law prescribe certain procedures for related party transactions with directors, including mandating
that directors with a direct or indirect personal interest in any transaction that conflicts with the Company&#146;s interest shall make that interest known and recorded in the board minutes and shall not participate in discussing and voting on such
transaction. In addition, any such conflict of interest must be reported to the next general meeting of shareholders of the Company prior to any resolution taking place at such meeting. Below is a summary of other related-party transactions. </P>
 <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&nbsp;24, 2016, we entered into a convertible note purchase agreement, pursuant to which, on April&nbsp;1, 2016, we issued and
sold Convertible Notes to, among others, Rivers Cross Trust, an entity wholly-owned by Mr.&nbsp;McCarthy. The original principal amount purchased by Rivers Cross Trust was $174,952.66. In January 2018, we entered into an exchange agreement with,
among others, Rivers Cross Trust, pursuant to which we intend to exchange the aggregate remaining Convertible Notes, plus accrued interest, for ordinary shares. Pursuant to this exchange agreement, subject to certain conditions, if we fail to list
our ordinary shares on or prior to July 2, 2018, we will offer to each noteholder, including Rivers Cross Trust, the option to unwind the transaction such that we purchase back the shares that were issued to such noteholder pursuant to the exchange
and we will issue such noteholder a new note that is materially identical to its note prior to the exchange. The Convertible Notes are described in further detail under &#147;Management&#146;s Discussion and Analysis of Financial Condition and
Results of Operations&#151;Indebtedness&#151;Description of Convertible Notes.&#148; </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">During the year ended December&nbsp;31, 2016,
Messrs. Ek and Lorentzon purchased, through D.G.E. Investments Ltd and Rosello Company Limited, respectively, entities wholly-owned by them, 80,000 and 48,000 warrants, respectively, in the Company pursuant to subscription agreements. Each warrant
was purchased for $230.50. Additionally, on July&nbsp;13, 2017, Mr.&nbsp;Ek purchased, through D.G.E. Investments Ltd, 40,000 warrants in the Company pursuant to a subscription agreement. Each warrant was purchased for $249.15. The warrants are
subject to adjustment upon certain corporate events. The warrants are described in further detail under &#147;Management&#151;Board of Directors Practices&#151;Warrants.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On or prior to the effectiveness of the Registration Statement, we intend to enter into an indemnification agreement with each of our
directors and senior management. The indemnification agreements and our articles of association require us to indemnify our directors and officers to the fullest extent permitted by Luxembourg law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, in the ordinary course of business, from time to time, we carry out other transactions and enter into other arrangements with
other related parties, none of which are considered to be material. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">135 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_20"></A>DESCRIPTION OF SHARE CAPITAL AND ARTICLES OF ASSOCIATION
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a summary of some of the terms of our ordinary shares, based on our articles of association as they will become
effective upon their amendment prior to the completion of this registration and Luxembourg law. In this section, we refer to our articles of association as amended and in effect upon the completion of this registration as our &#147;articles of
association.&#148; The following summary is not complete and is subject to, and is qualified in its entirety by reference to, the provisions of our articles of association, the form of which has been filed as an exhibit to the Registration
Statement. You may obtain copies of our articles of association as described under &#147;Where You Can Find More Information&#148; in this prospectus. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Share Capital </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31,
2016, our issued share capital amounted to &#128;93,702.50, represented by 3,748,100 ordinary shares with a nominal value of &#128;0.025 per share. All issued shares are fully paid. A shareholder in a Luxembourg <I>soci&eacute;t&eacute; anonyme</I>
holding fully paid shares is not liable, solely because of his or her or its shareholder status, for additional payments to us or our creditors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016, our authorized share capital, excluding the issued share capital, amounted to &#128;158,173.600, represented by
6,326,944 ordinary shares with a nominal value of &#128;0.025 per share. As of January&nbsp;22, 2018, our authorized share capital, excluding the issued share capital, amounted to &#128;147,246.375, represented by 5,889,855 ordinary shares with a
nominal value of nominal value of &#128;0.025 per share. Upon our listing, no persons have preferential subscription rights for such authorized capital. See &#147;&#151;Articles of Association&#151;Issuance of Ordinary Shares and Preemptive
Rights&#148; for additional information on our authorized share capital and preemptive rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At January 22, 2018, our issued share
capital amounted to &#128;104,629.725, represented by 4,185,189 ordinary shares with a nominal value of &#128;0.025 per share. All issued shares are fully paid and subscribed for. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2016 and January 22, 2018, we held no treasury shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Below is a reconciliation of the number of shares outstanding from January&nbsp;1, 2016 through December&nbsp;31, 2016: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Actual</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ordinary shares outstanding at January&nbsp;1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,652,511</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of shares upon the exercise of stock options and RSUs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95,589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ordinary shares outstanding at December&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,748,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>History of Share Capital </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March&nbsp;20, 2009, the date of our conversion into a Luxembourg public limited liability company, our share capital was represented by
1,956,531<B> </B>ordinary shares with a nominal value of &#128;0.025. Since then, we have increased our share capital multiple times and, in particular, the following changes have been made since December 2014 when our share capital amounted to
&#128;84,840.325 and was represented by 3,393,613 ordinary shares with a nominal value of &#128;0.025: </P>  <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in December 2014, the share capital increased by &#128;30.050 through a contribution in cash of an aggregate amount of &#128;398,464.33 and 1,202 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in January 2015, the share capital increased by &#128;29.900 through a contribution in cash of an aggregate amount of &#128;26,535.45 and 1,196 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">136 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in February 2015, the share capital increased by &#128;13.525 through a contribution in cash of an aggregate amount of &#128;198,948.47 and 541 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in March 2015, the share capital increased by &#128;43.925 through a contribution in cash of an aggregate amount of &#128;192,098.96 and 1,757 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in April 2015, the share capital increased by &#128;3,647.575 through a contribution in cash of an aggregate amount of &#128;297,340,781.30 and 145,903 new ordinary shares with a nominal value of &#128;0.025 were
issued; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in June 2015, the share capital increased by &#128;2,331.80 through a contribution in cash of an aggregate amount of &#128;180,602,923.28 and 93,272 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in July 2015, the share capital increased by &#128;41.475 through a contribution in cash of an aggregate amount of &#128;2,319,917.64 and 1,659 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in August 2015, the share capital increased by &#128;41.225 through a contribution in cash of an aggregate amount of &#128;782.01 and 1,649 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in October 2015, the share capital increased by &#128;266.875 through a contribution in cash of an aggregate amount of &#128;3,789,656.61 and 10,675 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in December 2015, January 2016, and February 2016, the share capital increased by &#128;303.95 through a contribution in cash of an aggregate amount of &#128;3,761,432.22 and 12,158 new ordinary shares with a nominal
value of &#128;0.025 were issued; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in March 2016, the share capital increased by &#128;339.55 through a contribution in cash of an aggregate amount of &#128;4,586,467.09 and 13,582 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in April 2016 the share capital increased by &#128;16.225 through a contribution in cash of an aggregate amount of &#128;250,912.51 and 649 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in May 2016 and June 2016, the share capital increased by &#128;1,512.425 through a contribution in cash of an aggregate amount of &#128;21,268,957.11 and 60,497 new ordinary shares with a nominal value of &#128;0.025
were issued; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in June 2016 and July 2016, the share capital increased by &#128;42.275 through a contribution in cash of an aggregate amount of &#128;828,983.25 and 1,691 new ordinary shares with a nominal value of &#128;0.025 were
issued; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in August 2016, the share capital increased by &#128;84.225 through a contribution in cash of an aggregate amount of &#128;46,289.59 and 3,369 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in September 2016 and October 2016, the share capital increased by &#128;41.60 through a contribution in cash of an aggregate amount of &#128;855,695.12 and 1,664 new ordinary shares with a nominal value of &#128;0.025
were issued; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in October 2016, the share capital increased by &#128;15.375 through a contribution in cash of an aggregate amount of &#128;132,200.99 and 615 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in November 2016, the share capital increased by &#128;5.15 through a contribution in cash of an aggregate amount of &#128;33,746.50 and 206 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in December 2016 and January 2017, the share capital increased by &#128;154.30 through a contribution in cash of an aggregate amount of &#128;5,942,541.34 and 6,172 new ordinary shares with a nominal value of
&#128;0.025 were issued; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">137 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in February 2017, the share capital increased by &#128;63.90 through a contribution in cash of an aggregate amount of &#128;1,117,151.87 and 2,556 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in March 2017, the share capital increased by &#128;462.725 through a contribution in cash of an aggregate amount of &#128;11,757,398.63 and 18,509 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in April 2017, the share capital increased by &#128;22.925 through a contribution in cash of an aggregate amount of &#128;696,887.47 and 917 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in May 2017, the share capital increased by &#128;111.60 through a contribution in cash of an aggregate amount of &#128;555,724.87 and a contribution in kind consisting of 34,947 shares of Niland S.A. and 4,464 new
ordinary shares with a nominal value of &#128;0.025 were issued; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in June 2017, the share capital increased by &#128;37.10 through a contribution in cash of an aggregate amount of &#128;1,705,383.94 and 1,484 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in July 2017, the share capital increased by &#128;38.925 through a contribution in cash of an aggregate amount of &#128;1,043,405.50 and 1,557 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in August 2017, the share capital increased by &#128;20.75 through a contribution in cash of an aggregate amount of &#128;759,441.06 and 830 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in September 2017, the share capital increased by &#128;106.825 through a contribution in cash of an aggregate amount of &#128;824,832.04 and 4,273 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in October 2017, the share capital increased by &#128;38.125 through a contribution in cash of an aggregate amount of &#128;1,848,400.30 and 1,525 new ordinary shares with a nominal value of &#128;0.025 were issued;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in November 2017, the share capital increased by &#128;341.150 through a contribution in cash of an aggregate amount of &#128;1,978,269.38 and a contribution in kind consisting of 97,728 shares of Soundtrap AB and
13,646 new ordinary shares with a nominal value of &#128;0.025 were issued; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in December 2017, the share capital increased by &#128;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; through a contribution in cash of an aggregate amount of
&#128;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; shares with a nominal value of
&#128;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; were issued; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in January 2018, the share capital increased by &#128;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; through a contribution in cash of an aggregate amount of &#128;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; shares with a nominal value of &#128;0.025 were issued. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the case of each change in issued share capital described above, no consideration other than cash was paid, and no additional voting rights
were granted. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&nbsp;3, 2017, our shareholders authorized the issuance of up to 35,000,000 beneficiary certificates to
entities beneficially owned by our founders, Daniel Ek and Martin Lorentzon, as well as to certain of our shareholders pursuant to an offer to subscribe for a number of beneficiary certificates in accordance with any applicable rights such
shareholders may have. Each beneficiary certificate will entitle a shareholder to one vote. The beneficiary certificates will carry no economic rights. The beneficiary certificates, when issued and subject to certain exceptions, will be <FONT
STYLE="white-space:nowrap">non-transferable</FONT> and shall be automatically canceled for no consideration in the case of sale or transfer of the ordinary share to which they are linked. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Articles of Association </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are
registered with the Luxembourg Trade and Companies&#146; Register under number B.123.052. Our corporate purpose, as stated in Article 3 of our articles of association, is the acquisition and holding of direct or indirect interests in Luxembourg
and/or in foreign undertakings, as well as the administration, development, and management of our holdings. We may provide any financial assistance to subsidiaries, affiliated companies, or other companies forming part of the group of which we
belong, including, but not limited to, the providing of loans and the granting of guarantees or securities in any kind or form. We also may use our funds to invest in real </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">138 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
estate, intellectual property rights, or any other movable or immovable assets in any kind or form. We may borrow in any kind or form and privately issue bonds or notes. In general, we may carry
out any commercial, industrial, or financial operation that we may deem useful in the accomplishment and development of our purposes. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Issuance of
Ordinary Shares and Preemptive Rights </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to Luxembourg law, the issuance of ordinary shares requires approval by a quorum of
the general meeting of shareholders, and a majority is required for the amendment of articles of association. The general meeting of shareholders may approve an authorized share capital and authorize the board of directors to issue ordinary shares,
up to the maximum amount of such authorized share capital, for a maximum period of five years after the date that the minutes of the relevant general meeting approving such authorization are published in the Luxembourg official gazette
(<I>M&eacute;morial C, Recueil des Soci&eacute;t&eacute;s et Associations</I>, or <I>Recueil &eacute;lectronique des Soci&eacute;t&eacute;s et Associations</I>, as applicable). The general meeting may amend, renew, or extend such authorized share
capital and such authorization to the board of directors to issue ordinary shares. Our articles of association provide that no fractional ordinary shares shall be issued. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The board of directors will resolve on the issuance of such ordinary shares out of the authorized share capital (<I>capital
autoris&eacute;</I>) in accordance with the quorum and voting thresholds set forth in the articles of association. The board of directors also will resolve on the applicable procedures and timelines to which such issuance will be subjected. If the
proposal of the board of directors to issue new ordinary shares exceeds the limits of our authorized share capital, the board of directors must then convene the shareholders to an extraordinary general meeting to be held in the presence of a
Luxembourg notary for the purpose of increasing the issued share capital. Such meeting will be subject to the quorum and majority requirements required for amending the articles of association. If the capital call proposed by the board of directors
consists of an increase in the shareholders&#146; commitments, the board of directors must then convene the shareholders to an extraordinary general meeting to be held in the presence of a Luxembourg notary for such purpose. Such meeting will be
subject to the unanimous consent of the shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Luxembourg law, existing shareholders benefit from a preemptive subscription
right on the issuance of ordinary shares for cash consideration. However, our shareholders have, in accordance with Luxembourg law, authorized the board of directors to suppress, waive, or limit any preemptive subscription rights of shareholders
provided by law to the extent that the board of directors deems such suppression, waiver, or limitation advisable for any issuance or issuances of shares within the scope of our authorized share capital. The general meeting of shareholders duly
convened to consider an amendment to the articles of association may, by <FONT STYLE="white-space:nowrap">two-thirds</FONT> majority vote, also limit, waive, or cancel such preemptive rights or renew, amend, or extend them, in each case for a period
not to exceed five years. Such ordinary shares may be issued above, at, or below market value, but in any event not below the nominal value or below the accounting par value per ordinary share. The ordinary shares also may be issued by way of
incorporation of available reserves (including share premium). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Repurchase of Ordinary Shares </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We cannot subscribe for our own ordinary shares. We may, however, repurchase issued ordinary shares or have another person repurchase issued
ordinary shares for our account, subject to the following conditions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">prior authorization by a simple majority vote at an ordinary general meeting of shareholders, which authorization sets forth: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the terms and conditions of the proposed repurchase and in particular the maximum number of ordinary shares to be repurchased; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">139 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the duration of the period for which the authorization is given (which may not exceed five years); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">and, in the case of repurchase for consideration, the minimum and maximum consideration per share, provided that the prior authorization shall not apply in the case of ordinary shares acquired by either us or by a
person acting in his or her own name but on behalf of us for the distribution thereof to our staff or to the staff of a company with which we are in a control relationship; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">only fully <FONT STYLE="white-space:nowrap">paid-up</FONT> ordinary shares may be repurchased; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the voting and dividend rights attached to the repurchased shares will be suspended as long as the repurchased ordinary shares are held by us; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the acquisition offer must be made on the same terms and conditions to all the shareholders who are in the same position, except for acquisitions which were unanimously decided by a general meeting at which all the
shareholders were present or represented. In addition, listed companies may repurchase their own shares on the stock exchange without an acquisition offer having to be made to our shareholders. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The authorization will be valid for a period ending on the earlier of five years from the date of such shareholder authorization and the date
of its renewal by a subsequent general meeting of shareholders. Pursuant to such authorization, the board of directors is authorized to acquire and sell our ordinary shares under the conditions set forth in Article
<FONT STYLE="white-space:nowrap">49-2</FONT> of the Luxembourg Company Law. Such purchases and sales may be carried out for any authorized purpose or any purpose that is authorized by the laws and regulations in force. The purchase price per
ordinary share to be paid shall represent (i)&nbsp;not less than 50% of the lowest closing price per share, and (ii)&nbsp;not more than 50% above the highest closing price per share, in each case as reported by the New York City edition of the Wall
Street Journal, or, if not reported therein, any other authoritative sources to be selected by the board of directors, over the ten trading days preceding the date of the purchase (or the date of the commitment to the transaction). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, pursuant to Luxembourg law, we may directly or indirectly repurchase ordinary shares by resolution of our board of directors
without the prior approval of the general meeting of shareholders if such repurchase is deemed by the board of directors to be necessary to prevent serious and imminent harm to us or if the acquisition of ordinary shares has been made with the
intent of the distribution thereof to our employees and/or the employees of any entity having a controlling relationship with us (i.e., our subsidiaries or controlling shareholder). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Form and Transfer of Ordinary Shares </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our ordinary shares are issued in registered form only and are freely transferable under Luxembourg law and our articles of association. Our
board of directors may, however, impose transfer restrictions for ordinary shares that are registered, listed, quoted, dealt in, or that have been placed in certain jurisdictions in compliance with the requirements applicable therein. Luxembourg law
does not impose any limitations on the rights of Luxembourg or <FONT STYLE="white-space:nowrap">non-Luxembourg</FONT> residents to hold or vote our ordinary shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Luxembourg law, the ownership of registered ordinary shares is prima facie established by the inscription of the name of the shareholder
and the number of ordinary shares held by him or her in the shareholders&#146; register. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Without prejudice to the conditions for transfer
by book entry where ordinary shares are recorded in the shareholders&#146; register on behalf of one or more persons in the name of a depository, each transfer of ordinary shares shall be effected by written declaration of transfer to be recorded in
the shareholders&#146; register, with such </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">140 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
declaration to be dated and signed by the transferor and the transferee or by their duly appointed agents. We may accept and enter into the shareholders&#146; register any transfer effected
pursuant to an agreement or agreements between the transferor and the transferee, true and complete copies of which have been delivered to us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our articles of association will provide that we may appoint registrars in different jurisdictions, each of whom may maintain a separate
register for the ordinary shares entered in such register and that the holders of ordinary shares shall be entered into one of the registers. Shareholders may elect to be entered into one of these registers and to transfer their ordinary shares to
another register so maintained. Entries in these registers will be reflected in the shareholders&#146; register maintained at our registered office. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When any of our ordinary shares become listed on the NYSE or on any other stock exchange operating in the United States, the laws of the State
of New York shall apply to the property law aspects of the ordinary shares reflected in the register administered by our transfer agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If our ordinary shares are not listed on a stock exchange in the United States, a shareholders&#146; register will be maintained by us at our
registered office in Luxembourg. Transfer of record ownership of ordinary shares is effected by a written deed of transfer acknowledged by us or by our transfer agent and registrar acting as our agent on our behalf. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Liquidation Rights and Dissolution </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In the event of our dissolution, liquidation, or <FONT STYLE="white-space:nowrap">winding-up,</FONT> any surplus of the assets remaining after
allowing for the payment of all of our liabilities will be paid out to the shareholders pro rata according to their respective shareholdings. The decisions to dissolve, liquidate, or <FONT STYLE="white-space:nowrap">wind-up</FONT> require approval
by an extraordinary general meeting of our shareholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Merger and <FONT STYLE="white-space:nowrap">De-Merger</FONT> </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A merger by absorption whereby one Luxembourg company, after its dissolution without liquidation, transfers all of its assets and liabilities
to another company in exchange for the issuance of ordinary shares in the acquiring company to the shareholders of the company being acquired, or a merger effected by transfer of assets to a newly incorporated company, must, in principle, be
approved at an extraordinary general meeting of shareholders of the Luxembourg company, enacted in front of a Luxembourg notary. Similarly, a <FONT STYLE="white-space:nowrap">de-merger</FONT> of a subsidiary of a Luxembourg company is generally
subject to the approval by an extraordinary general meeting of shareholders, enacted in front of a Luxembourg notary. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>No Appraisal Rights
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Neither Luxembourg law nor our articles of association provide for appraisal rights of dissenting shareholders. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>General Meeting of Shareholders </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any regularly constituted general meeting of shareholders represents the entire body of our shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any holder of our share capital is entitled to attend our general meeting of shareholders, either in person or by proxy, to address the
general meeting of shareholders and to exercise voting rights, subject to the provisions of our articles of association. Each ordinary share entitles the holder to one vote, unless such holder has a beneficiary certificate, at a general meeting of
shareholders. Our articles of association will provide that our </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">141 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
board of directors shall adopt all other regulations and rules concerning the attendance to the general meeting, the availability of access cards, and the availability of proxy forms in order to
enable shareholders to exercise their right to vote as the board of directors deems fit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">When convening a general meeting of
shareholders, we will send a convening notice by registered mail to the registered address of each shareholder at least eight days before the meeting. The convening notices for every general meeting shall contain the agenda and shall take the form
of announcements filed with the register of commerce and companies, published on the Luxembourg official gazette (<I>Recueil Electronique des Soci&eacute;t&eacute;s et Associations</I>), and published in a Luxembourg newspaper at least 15 days
before the meeting. No proof is required that this formality has been complied with. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our articles of association will provide that if our
ordinary shares are listed on a regulated market, the general meeting also will be convened in accordance with the publicity requirements of such regulated market applicable to us. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A shareholder may participate in general meetings of shareholders by appointing another person as his or her proxy, the appointment of which
shall be in writing. Our articles of association also will provide that, in the case of ordinary shares held through the operator of a securities settlement system or depository, a holder of such ordinary shares wishing to attend a general meeting
of shareholders should receive from such operator or depository a certificate certifying the number of ordinary shares recorded in the relevant account on the record date. Such certificates, as well as any proxy forms, should be submitted to us no
later than three business days before the date of the general meeting unless our board of directors fixes a different period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The annual
general shareholder meeting must be held within six months from the end of the respective financial year at our registered office or in any other place in Luxembourg as notified to the shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Luxembourg law provides that the board of directors is obliged to convene a general meeting of shareholders if shareholders representing, in
the aggregate, 10% of the issued share capital so request in writing with an indication of the meeting agenda. In such case, the general meeting of shareholders must be held within one month of the request. If the requested general meeting of
shareholders is not held within one month, shareholders representing, in the aggregate, 10% of the issued share capital may petition the competent president of the district court in Luxembourg to have a court appointee convene the meeting.
Luxembourg law provides that shareholders representing, in the aggregate, 10% of the issued share capital may request that additional items be added to the agenda of a general meeting of shareholders. That request must be made by registered mail
sent to our registered office at least five days before the general meeting of shareholders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Voting Rights </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each ordinary share entitles the holder thereof to one vote. Additionally, each beneficiary certificate, when issued, will entitle the
shareholder to one vote. The beneficiary certificates, when issued and subject to certain exceptions, will be non-transferable and shall automatically be canceled for no consideration in case of sale or transfer of the ordinary share to which they
are linked. The beneficiary certificates carry no economic rights. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Neither Luxembourg law nor our articles of association contain
any restrictions as to the voting of our ordinary shares by <FONT STYLE="white-space:nowrap">non-Luxembourg</FONT> residents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Luxembourg
law distinguishes general meetings of shareholders and extraordinary general meetings of shareholders with respect to voting rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Ordinary General Meeting</I>. At an ordinary general meeting, there is no quorum requirement and resolutions are adopted by a simple
majority of validly cast votes. Abstentions are not considered &#147;votes.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">142 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Extraordinary General Meeting</I>. Extraordinary resolutions are required for any of the
following matters, among others: (i)&nbsp;an increase or decrease of the authorized or issued capital, (ii)&nbsp;a limitation or exclusion of preemptive rights, (iii)&nbsp;approval of a statutory merger or
<FONT STYLE="white-space:nowrap">de-merger</FONT> (<I>scission</I>), (iv) our dissolution and liquidation, and (v)&nbsp;any and all amendments to our articles of association. Pursuant to our articles of association, for any resolutions to be
considered at an extraordinary general meeting of shareholders, the quorum shall be at least one half (50%) of our issued share capital unless otherwise mandatorily required by law. If the said quorum is not present, a second meeting may be
convened, for which Luxembourg law does not prescribe a quorum. Any extraordinary resolution shall be adopted at a quorate general meeting (save as otherwise provided by mandatory law) by at least a <FONT STYLE="white-space:nowrap">two-thirds</FONT>
majority of the votes validly cast on such resolution. When the resolution of the general meeting of shareholders is such as to change the respective rights attached to the beneficiary certificates, the resolution must, in order to be valid, fulfill
the above-mentioned conditions as to attendance and majority with respect to the holders of beneficiary certificates. Abstentions are not considered &#147;votes.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Minority Action Right</I>. Luxembourg law provides for a provision whereby the shareholders and/or future holders of the beneficiary
certificates holding, in the aggregate, 10% of the securities having a right to vote at the general meeting may act on our behalf to discharge to the members of the board of directors for misconduct against our interests or a violation of the law or
the articles of association. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Dividend Rights </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In case of a dividend payment, each shareholder is entitled to receive a dividend right pro rata according to its respective shareholding. The
dividend entitlement lapses upon the expiration of a five-year prescription period as from the date of the dividend distribution. The unclaimed dividends return to our accounts. Future holders of beneficiary certificates shall not be entitled to
receive any dividend payments with respect to such beneficiary certificate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Board of Directors </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The board of directors will be composed of Class A directors and Class B directors who need not be shareholders. Our Class A directors are
Daniel Ek, Martin Lorentzon, and Shishir Mehrotra. Our Class B directors are Christopher Marshall, Ted Sarandos, Thomas Staggs, Padmasree Warrior, Cristina Stenbeck, and Heidi O&#146;Neill. The board of directors will appoint from among its members
a chairman. It also may appoint a secretary, who need not be a director and who will be responsible for keeping the minutes of the meetings of the board of directors and of the shareholders. The board of directors will meet upon call by the
chairman. A meeting must be convened if any of two directors so require. The chairman will preside at all meetings of the board of directors and of the shareholders (if required), except that in his absence the board of directors may appoint another
director and the general meeting of shareholders may appoint another person as chairman <I>pro tempore</I> by vote of the majority present or represented at such meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A quorum of the board of directors shall be one class A director and one Class B director present at the meeting or three directors holding
office, and resolutions are adopted by the simple majority vote of members of the board of directors present or represented, provided that at least one Class A director and one class B director vote in favor of the resolution. No valid decision of
the board of directors may be taken if the necessary quorum has not been reached. In case of an equality of votes, the chairman shall have the right to cast the deciding vote. Such casting vote shall be personal to the appointed chairman and will
not transfer to any other director acting as chairman of a meeting of the board of directors in the absence of the appointed chairman. The board of directors also may take decisions by means of resolutions in writing signed by all directors. Each
director has one vote. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The general shareholders&#146; meeting elects directors and decides their respective terms. Under Luxembourg law,
directors may be reelected, but the term of their office may not exceed six years. The general shareholders&#146; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">143 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
meeting may dismiss one or more directors at any time, with or without cause, by a simple majority of votes cast at a general meeting of shareholders. If the board of directors has a vacancy, the
remaining directors have the right to fill such vacancy on a temporary basis pursuant to the affirmative vote of a majority of the remaining directors. The term of a temporary director elected to fill a vacancy expires at the end of the term of
office of the replaced director, provided, however, that the next general shareholders&#146; meeting shall be requested definitively to elect any temporary director. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Within the limits provided for by law, our board of directors may delegate our daily management and the authority to represent us to one or
more persons. The delegation to a member of the board of directors shall entail the obligation for the board of directors to report each year to the ordinary general meeting on the salary, fees, and any advantages granted to the delegate. In
addition, once granted an authorization from the general meeting of shareholders, our board of directors may set up an executive committee and entrust the latter with any powers of the board of directors, with the exception of (i) our&nbsp;general
strategic direction, and (ii)&nbsp;those acts reserved to the board of directors by Luxembourg law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">No director, solely as a result of
being a director, shall be prevented from contracting with us, either with regard to his tenure in any office, or place of profit, or as vendor, purchaser, or in any other manner whatsoever, nor shall any contract in which any director is in any way
interested be liable to be voided merely on account of his position as director, nor shall any director who is so interested be liable to account to us or the shareholders for any remuneration, profit, or other benefit realized by the contract by
reason of the director holding that office or of the fiduciary relationship thereby established. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any director having a direct or indirect
financial interest in a transaction submitted for approval to the board of directors may not participate in the deliberations and vote thereon, unless the transaction is not in the ordinary course of our business and that conflicts with our
interest, in which case the director shall be obliged to advise the board of directors thereof and to cause a record of his statement to be included in the minutes of the meeting. He or she may not take part in these deliberations nor vote on such a
transaction. At the next general meeting, before any other resolution is put to a vote, a special report shall be made on any transactions in which any of the directors may have had an interest that conflicts with our interest. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our articles of association provides that directors and officers, past and present, are entitled to indemnification from us to the fullest
extent permitted by Luxemburg law against liability and all expenses reasonably incurred or paid by him or her in connection with any claim, action, suit, or proceeding in which he is involved by virtue of his being or having been a director or
officer and against amounts paid or incurred by him or her in the settlement thereof. However, no indemnification will be provided against any liability to our directors or officers (i)&nbsp;by reason of willful misfeasance, bad faith, gross
negligence, or reckless disregard of the duties of a director or officer, (ii)&nbsp;with respect to any matter as to which any director or officer shall have been finally adjudicated to have acted in bad faith and not in our interest, or
(iii)&nbsp;in the event of a settlement, unless approved by a court or the board of directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There is no mandatory retirement age for
directors under Luxembourg law and no minimum shareholding requirement for directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Amendment of Articles of Association </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Shareholder Approval Requirements</I>. Luxembourg law requires an extraordinary general meeting of shareholders to resolve upon an amendment
of the articles of association to be made by extraordinary resolution. The agenda of the extraordinary general meeting of shareholders must indicate the proposed amendments to the articles of association. An extraordinary general meeting of
shareholders convened for the purposes of amending the articles of association must have a quorum of at least 50% of our issued share capital. If the said quorum is </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">144 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
not present, a second meeting may be convened at which Luxembourg law does not prescribe a quorum. Irrespective of whether the proposed amendments will be subject to a vote at any duly convened
extraordinary general shareholders&#146; meeting, the amendment is subject to the approval of at least <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the votes cast at such extraordinary general meeting of shareholders. When the resolution of
the general meeting of shareholders is to change the respective rights attached to the beneficiary certificates, the resolution must, in order to be valid, fulfill the above-mentioned conditions as to attendance and majority with respect to the
holders of beneficiary certificates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Formalities</I>. Any resolutions to amend our articles of association must be taken before a
Luxembourg notary, and such amendments must be published in accordance with Luxembourg law. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Differences in Corporate Law </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are incorporated under the laws of Luxembourg. The following discussion summarizes certain material differences between the rights of
holders of our ordinary shares and the rights of holders of the ordinary shares of a typical corporation incorporated under the laws of the state of Delaware, which result from differences in governing documents and the laws of Luxembourg and
Delaware. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Board of Directors</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to Luxembourg law, our board of directors must be composed of at least three directors. They are appointed by the general meeting of
shareholders (by proposal of the board of directors, the shareholders or a spontaneous candidacy) by a simple majority of the votes cast. Directors may be reelected, but the term of their office may not exceed six years.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to our articles of association, directors are elected by a simple majority
vote at a general meeting. Abstentions are not considered &#147;votes.&#148;</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our
articles of association provide, that in case of a vacancy, the remaining members of the board of directors may elect a director to fill the vacancy.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our articles of association may provide for different classes of directors. Our articles of association will provide for different classes of directors, and
each director has one vote.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Our articles of association provide that the board of
directors may set up committees and determine their composition, powers, and rules.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">A typical certificate of incorporation and bylaws would provide that the number of directors on the board of directors will be fixed from time to time by a vote of the majority of the authorized directors. Under Delaware law, a
board of directors can be divided into classes, and cumulative voting in the election of directors is only permitted if expressly authorized in a corporation&#146;s certificate of incorporation.</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">145 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Interested Shareholders</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Under Luxembourg law, no restriction exists as to the transactions that a shareholder may conclude with us. The transaction must, however, be in our corporate interest and be made on arm&#146;s length terms.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Section&nbsp;203 of the Delaware General Corporation Law generally prohibits a Delaware corporation from engaging in specified corporate
transactions (such as mergers, stock and asset sales, and loans) with an &#147;interested shareholder&#148; for three years following the time that the shareholder becomes an interested shareholder. Subject to specified exceptions, an
&#147;interested shareholder&#148; is a person or group that owns 15% or more of the corporation&#146;s outstanding voting stock (including any rights to acquire stock pursuant to an option, warrant, agreement, arrangement or understanding, or upon
the exercise of conversion or exchange rights, and stock with respect to which the person has voting rights only), or is an affiliate or associate of the corporation and was the owner of 15% or more of the voting stock at any time within the
previous three years.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">A Delaware corporation may elect to &#147;opt out&#148; of,
and not be governed by, Section&nbsp;203 of the Delaware General Corporation Law through a provision in either its original certificate of incorporation, or an amendment to its original certificate or bylaws that was approved by majority shareholder
vote. With a limited exception, this amendment would not become effective until 12 months following its adoption.</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Amendment of Governing Documents</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under Luxembourg law, amendments to our articles of association require an extraordinary general meeting of shareholders held in front of a
public notary at which at least one half of the share capital is represented. The notice of the extraordinary general meeting shall set out the proposed amendments to the articles of association.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the aforementioned quorum is not reached, a second meeting may be convened by means
of a notice published in the Luxembourg official electronic gazette (<I>M&eacute;morial C, Recueil des Soci&eacute;t&eacute;s et Associations</I>, or <I>Recueil Electronique des Soci&eacute;t&eacute;s et Associations</I>, as applicable) and in a
Luxembourg newspaper 15 days before the meeting. The second meeting shall be validly constituted regardless of the proportion of the share capital represented.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">At both meetings, resolutions will be adopted if approved by at least <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the votes cast (unless otherwise
mandatorily required by Luxembourg law or</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Under the Delaware General Corporation Law, amendments to a corporation&#146;s certificate of incorporation require the approval of shareholders holding a majority of the outstanding shares entitled to vote on the amendment. If a
class vote on the amendment is required by the Delaware General Corporation Law, a majority of the outstanding stock of the class is required, unless a greater proportion is specified in the certificate of incorporation or by other provisions of the
Delaware General Corporation Law. Under the Delaware General Corporation Law, the board of directors may amend bylaws if so authorized in the charter. The shareholders of a Delaware corporation also have the power to amend
bylaws.</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">146 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Amendment of Governing Documents</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">the articles of association). Where classes of shares exist and the resolution to be adopted by the general meeting of shareholders changes
the respective rights attaching to such shares, the resolution will be adopted only if the conditions as to quorum and majority set out above are fulfilled with respect to each class of shares. This also applies with respect to the beneficiary
certificates. An increase of the commitments of its shareholders require, however, the unanimous consent of the shareholders (and bondholders, if any).</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our articles of association provide that for any extraordinary resolutions to be considered at a general meeting, the quorum shall be at least <FONT
STYLE="white-space:nowrap">one-half</FONT> of our&nbsp;issued share capital. If the said quorum is not present, a&nbsp;second meeting may be convened at which Luxembourg law does not prescribe a quorum. Any extraordinary resolution shall be adopted
at a quorate general meeting (save as otherwise provided by mandatory law) by a <FONT STYLE="white-space:nowrap">two-thirds</FONT> majority of the votes validly cast on such resolution. Abstentions are not considered &#147;votes.&#148;</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">In very limited circumstances, the board of directors may be authorized by the
shareholders to amend the articles of association, albeit always within the limits set forth by the shareholders at a duly convened shareholders&#146; meeting. This is the case in the context of our authorized share capital within which the board of
directors is authorized to issue further shares or in the context of a share capital reduction and cancellation of shares. The board of directors is then authorized to appear in front of a notary public to record the capital increase or decrease and
to amend the share capital set forth in the articles of association. The above also applies in case of the transfer of our registered office outside the current municipality.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Meetings of Shareholders</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Annual and Special Meetings:</I></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Pursuant to Luxembourg law, at least one general meeting of shareholders must be held each year within six months as from the close of the financial year. The
purpose of such annual general meeting is to approve the annual accounts, allocate the results, proceed to statutory appointments, and grant discharge to the directors. The annual general meeting must be held within six months of the end of each
financial year.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Typical bylaws provide that annual meetings of shareholders are to be
held on a date and at a time fixed by the board of directors. Under the Delaware General Corporation Law, a special meeting of shareholders may be called by the board of directors or by any other person authorized to do so in the certificate of
incorporation or the bylaws.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">147 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Meetings of Shareholders</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other meetings of shareholders may be convened.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to Luxembourg law, the board of directors is obliged to convene a general
meeting so that it is held within a period of one month of the receipt of a written request of shareholders representing <FONT STYLE="white-space:nowrap">one-tenth</FONT> of the issued capital. Such request must be in writing and indicate the agenda
of the meeting.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Quorum Requirements:</I></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Luxembourg law distinguishes ordinary resolutions and extraordinary resolutions.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Extraordinary resolutions relate to proposed amendments to the articles of association
and certain other limited matters. All other resolutions are ordinary resolutions.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Ordinary Resolutions</U>: Pursuant to Luxemburg law, there is no requirement of a quorum for any ordinary resolutions to be considered at a general meeting,
and such ordinary resolutions shall be adopted by a simple majority of votes validly cast on such resolution. Abstentions are not considered &#147;votes.&#148;</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Extraordinary Resolutions</U>: Extraordinary resolutions are required for any of the following matters, among others: (i)&nbsp;an increase or decrease of
the authorized or issued capital, (ii)&nbsp;a limitation or exclusion of preemptive rights, (iii)&nbsp;approval of a statutory merger or <FONT STYLE="white-space:nowrap">de-merger</FONT> (<I>scission</I>), (iv) dissolution, and (v)&nbsp;an amendment
of the articles of association.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Pursuant to Luxembourg law for any extraordinary
resolutions to be considered at a general meeting, the quorum shall generally be at least one half (50%) of the issued share capital. If the said quorum is not present, a second meeting may be convened at which Luxembourg law does not prescribe a
quorum. Any extraordinary resolution shall be adopted at a quorate general meeting (save as otherwise provided by mandatory law) by a <FONT STYLE="white-space:nowrap">two-thirds</FONT> majority of the votes validly cast on such resolution.
Abstentions are not considered &#147;votes.&#148;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Under the Delaware General Corporation Law, a corporation&#146;s certificate of incorporation or bylaws can specify the number of shares that constitute the quorum required to conduct business at a meeting, provided that in no event
shall a quorum consist of less than <FONT STYLE="white-space:nowrap">one-third</FONT> of the shares entitled to vote at a meeting.</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">148 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Shareholder Approval of Business Combinations</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under Luxembourg law and our articles of association, the board of directors has the widest power to take any action necessary or useful to
achieve the corporate objective. The board of directors&#146; powers are limited only by law and our articles of association.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any type of business combination that would require an amendment to the articles of association, such as a merger,
<FONT STYLE="white-space:nowrap">de-merger,</FONT> consolidation, dissolution, or voluntary liquidation, requires an extraordinary resolution of a general meeting of shareholders.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Transactions such as a sale, lease, or exchange of substantial company assets require
only the approval of the board of directors. Neither Luxembourg law nor our articles of association contain any provision specifically requiring the board of directors to obtain shareholder approval of the sale, lease, or exchange of substantial
assets of ours.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Generally, under the Delaware General Corporation Law, completion of a merger, consolidation, or the sale, lease, or exchange of
substantially all of a corporation&#146;s assets or dissolution requires approval by the board of directors and by a majority (unless the certificate of incorporation requires a higher percentage) of outstanding stock of the corporation entitled to
vote.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">The Delaware General Corporation Law also requires a special vote of
shareholders in connection with a business combination with an &#147;interested shareholder&#148; as defined in section 203 of the Delaware General Corporation Law. See &#147;&#151;Interested Shareholders&#148;
above.</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Shareholder Action Without a Meeting</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A shareholder meeting must always be called if the matter to be considered requires a shareholder resolution under Luxembourg law or our
articles of association.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Pursuant to Luxembourg law, shareholders of a public
limited liability company may not take actions by written consent. All shareholder actions must be approved at an actual meeting of shareholders held before a notary public or under private seal, depending on the nature of the matter. Shareholders
may vote by proxy.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Under the Delaware General Corporation Law, unless otherwise provided in a corporation&#146;s certificate of incorporation, any action that may be taken at a meeting of shareholders may be taken without a meeting, without prior
notice, and without a vote if the holders of outstanding stock, having not less than the minimum number of votes that would be necessary to authorize such action, consent in writing. It is not uncommon for a corporation&#146;s certificate of
incorporation to prohibit such action.</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Repurchases and Redemptions</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to Luxembourg law, we (or any party acting on its behalf) may repurchase its own shares and hold them in treasury, provided
that:</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:4.00em; text-indent:-1.50em; font-size:10pt; font-family:Times New Roman">&#149;&#8195;&#8202;the shareholders at
a general meeting have previously authorized the board of directors to acquire our shares. The general meeting shall determine the terms and conditions of the proposed acquisition and in particular the maximum number of shares to be acquired, the
period for which the authorization is given (which may not exceed five years), and, in the case of acquisition for value, the maximum</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Under the Delaware General Corporation Law, any corporation may purchase or redeem its own shares, except that generally it may not purchase or redeem these shares if the capital of the corporation is impaired at the time or would
become impaired as a result of the redemption. A corporation may, however, purchase or redeem out of capital shares that are entitled upon any distribution of its assets to a preference over another class or series of its shares if the shares are to
be retired and the capital reduced.</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">149 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Repurchases and Redemptions</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.00em; font-size:10pt; font-family:Times New Roman">and minimum consideration, provided that the prior authorization shall not apply in the case of ordinary shares acquired
by either us or by a person acting in its own name but on behalf of us for the distribution thereof to our or to the staff of a company with which it is in a control relationship;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.50em; font-size:10pt; font-family:Times New Roman">&#149;&#8195;&#8202;the acquisitions, including
shares previously acquired by us and held by us and shares acquired by a person acting in his own name but on our behalf, may not have the effect of reducing the net assets below the amount of the issued share capital plus the reserves (which may
not be distributed by law or under the articles of association);</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.50em; font-size:10pt; font-family:Times New Roman">&#149;&#8195;&#8202;the shares repurchased are fully <FONT STYLE="white-space:nowrap">paid-up;</FONT> and</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.50em; font-size:10pt; font-family:Times New Roman">&#149;&#8195;&#8202;the acquisition offer must be
made on the same terms and conditions to all the shareholders who are in the same position, except for acquisitions which were unanimously decided by a general meeting at which all the shareholders were present or represented; in addition, listed
companies may repurchase their own shares on the stock exchange without an acquisition offer having to be made to our shareholders.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No prior authorization by shareholders is required (i)&nbsp;if the acquisition is made to prevent serious and imminent harm to us, provided that the board of
directors informs the next general meeting of the reasons for and the purpose of the acquisitions made, the number and nominal values or the accounting value of the shares acquired, the proportion of the subscribed capital which they represent, and
the consideration paid for them, and (ii)&nbsp;in the case of shares acquired by either us or by a person acting on our behalf with a view to redistributing the shares to our staff or its controlled subsidiaries, provided that the distribution of
such shares is made within 12 months from their acquisition.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Luxembourg law
provides for further situations in which the above conditions do not apply, including the acquisition of shares pursuant to a decision to reduce our capital or the acquisition of shares issued as redeemable shares. Such acquisitions may not have the
effect of reducing net assets below the aggregate of subscribed</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">150 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Repurchases and Redemptions</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">capital and reserves (which may not be distributed by law and are subject to specific provisions on reductions in capital and redeemable
shares under Luxembourg law).</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any shares acquired in contravention of the above
provisions must be resold within a period of one year after the acquisition or be cancelled at the expiration of the <FONT STYLE="white-space:nowrap">one-year</FONT> period.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">As long as shares are held in treasury, the voting rights attached thereto are suspended. Further, to the extent the treasury shares are reflected as assets on
our balance sheet a <FONT STYLE="white-space:nowrap">non-distributable</FONT> reserve of the same amount must be reflected as a liability. Our articles of association will provide that shares may be acquired in accordance with the law.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">151 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Transactions with Officers or Directors</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are no rules under Luxembourg law preventing a director from entering into contracts or transactions with us to the extent the contract
or the transaction is in our corporate interest.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Luxembourg law prohibits a
director from participating in deliberations and voting on a transaction if (i)&nbsp;such director has a direct or indirect financial interest therein, and (ii)&nbsp;the interests of such director or conflict with our interests. The relevant
director must disclose his personal financial interest to the board of directors and abstain from voting. The transaction and the director&#146;s interest therein shall be reported to the next succeeding general meeting of shareholders.</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Our articles of association may require that certain transactions between a director
and us be submitted for board of directors and/or shareholder approval. Our articles of association provide that no director, solely as a result of being a director, shall have any duty to refrain from any decision or action to enforce its rights
under any agreement or contract with us. A director who has an interest in a transaction carried out other than in the ordinary course of business that conflicts with our interests must advise the board of directors accordingly and have the
statement recorded in the minutes of the meeting. The director concerned may not take part in the deliberations concerning that transaction. A special report on the relevant transaction is submitted to the shareholders at the next General Meeting,
before any vote on the matter.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Under the Delaware General Corporation Law, some contracts or transactions in which one or more of a corporation&#146;s directors has an interest are not void or voidable because of such interest, provided that some conditions, such
as obtaining the required approval and fulfilling the requirements of good faith and full disclosure, are met. Under the Delaware General Corporation Law, either (i)&nbsp;the shareholders or the board of directors must approve in good faith any such
contract or transaction after full disclosure of the material facts, or (ii)&nbsp;the contract or transaction must have been &#147;fair&#148; as to the corporation at the time it was approved. If the board of directors&#146; approval is sought, the
contract or transaction must be approved in good faith by a majority of disinterested directors after full disclosure of material facts, even though less than a majority of a quorum.</TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Dissenters&#146; Rights</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Neither Luxembourg law nor our articles of association provide for appraisal rights.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Under the Delaware General Corporation Law, a shareholder of a corporation participating in some types of major corporate transactions may, under varying circumstances, be entitled to appraisal rights pursuant to which the
shareholder may receive cash in the amount of the fair market value of his or her shares in lieu of the consideration he or she would otherwise receive in the transaction.</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">152 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Cumulative Voting</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Not applicable.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Under the Delaware General Corporation Law, a corporation may adopt in its bylaws that its directors shall be elected by cumulative voting. When directors are elected by cumulative voting, a shareholder has a number of votes equal
to the number of shares held by such shareholder times the number of directors nominated for election. The shareholder may cast all of such votes for one director or among the directors in any
proportion.</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Anti-Takeover Measures</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Luxembourg:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Delaware:</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to Luxembourg law, it is possible to create an authorized share capital from which the board of directors is authorized by the
shareholders to issue further shares and, under certain conditions, to limit, restrict, or waive preferential subscription rights of existing shareholders. The rights attached to the shares issued within the authorized share capital will be equal to
those attached to existing shares and set forth in our articles of association.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
authority of the board of directors to issue additional shares is valid for a period of up to five years starting from the date of the publication of the minutes of the extraordinary general meeting resolving upon such authorization in the
Luxembourg official gazette (<I>M&eacute;morial C, Recueil des Soci&eacute;t&eacute;s et Associations</I>, or <I>Recueil Electronique des Soci&eacute;t&eacute;s et Associations</I>, as applicable), unless renewed by vote of the holders of at least <FONT
STYLE="white-space:nowrap">two-thirds</FONT> of the votes cast at a shareholders meeting.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Our articles of association will authorize our board of directors to issue ordinary shares within the limits of the authorized share capital at such times and
on such terms as our board of directors or its delegates may decide for a period ending five years after the date of the publication of the minutes of the extraordinary general meeting resolving upon such authorization in the Luxembourg official
gazette (<I>M&eacute;morial C, Recueil des Soci&eacute;t&eacute;s et Associations</I>, or <I>Recueil Electronique des Soci&eacute;t&eacute;s et Associations</I>, as applicable) (unless such period is extended, amended or renewed). Accordingly, our
board of directors will be authorized to issue ordinary shares up to the limits of authorized share capital until such date. We currently intend to seek renewals and/or extensions as required from time to time.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the Delaware General Corporation Law, the certificate of incorporation of a corporation may give the board of directors the right to
issue new classes of preferred shares with voting, conversion, dividend distribution, and other rights to be determined by the board of directors at the time of issuance, which could prevent a takeover attempt and thereby preclude shareholders from
realizing a potential premium over the market value of their shares.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">In addition,
Delaware law does not prohibit a corporation from adopting a shareholder rights plan, or &#147;poison pill,&#148; which could prevent a takeover attempt and also preclude shareholders from realizing a potential premium over the market value of their
shares.</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">153 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_21"></A>SHARES ELIGIBLE FOR FUTURE SALE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Prior to the listing of our ordinary shares on the NYSE, there has been no public market for our ordinary shares. Sales of substantial amounts
of our ordinary shares in the public market following our listing on the NYSE, or the perception that such sales could occur, could adversely affect the public price of our ordinary shares and may make it more difficult for you to sell your ordinary
shares at a time and price that you deem appropriate. We will have no input if and when any Registered Shareholder may, or may not, elect to sell their ordinary shares or the prices at which any such sales may occur. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Upon our registration, a total of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ordinary shares will be
outstanding, all of which will be &#147;restricted securities,&#148; as that term is defined in Rule 144 under the Securities Act. These restricted securities are eligible for public sale only if they are registered under the Securities Act,
including the&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shares registered hereunder, or if they qualify for an exemption from registration, including under Rules 144 or 701 under the
Securities Act, which are summarized below. Restricted securities also may be sold outside of the United States to <FONT STYLE="white-space:nowrap">non-U.S.</FONT> persons in accordance with Rule 904 of Regulation S. Substantially all of our
ordinary shares may be sold after our initial listing on the NYSE, either by the Registered Shareholders pursuant to this prospectus or by our other existing shareholders in accordance with Rule 144 of the Securities Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As further described below, until we have been a reporting company for at least 90 days, only
<FONT STYLE="white-space:nowrap">non-affiliates</FONT> who have beneficially owned their ordinary shares for a period of at least one year will be able to sell their ordinary shares under Rule 144, which is expected to include approximately
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ordinary shares immediately after our registration. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rule 144 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In general, under Rule 144 as currently in effect, once we have been subject to and in compliance with public company reporting requirements of
Section&nbsp;13 or Section&nbsp;15(d) of the Exchange Act for at least 90 days, an eligible shareholder is entitled to sell such shares without complying with the manner of sale, volume limitation, or notice provisions of Rule 144, subject to
compliance with the public information requirements of Rule 144. To be an eligible shareholder under Rule 144, such shareholder must not be deemed to have been one of our affiliates for purposes of the Securities Act at any time during the 90 days
preceding a sale and who has beneficially owned the shares proposed to be sold for at least six months, including the holding period of any prior owner other than our affiliates. If such a person has beneficially owned the shares proposed to be sold
for at least one year, including the holding period of any prior owner other than our affiliates, then such person is entitled to sell such shares without complying with any of the requirements of Rule 144. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In general, under Rule 144, as currently in effect, our affiliates or persons selling ordinary shares on behalf of our affiliates are entitled
to sell shares 90 days after we become a reporting company. Within any three-month period, such shareholders may sell a number of ordinary shares that does not exceed the greater of: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">1% of the number of ordinary shares then outstanding, which will equal approximately &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; shares immediately after our
registration; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the average weekly trading volume of our ordinary shares during the four calendar weeks preceding the filing of a notice on Form 144 with respect to such sale. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Sales under Rule 144 by our affiliates or persons selling ordinary shares on behalf of our affiliates also are subject to certain manner of
sale provisions and notice requirements and to the availability of current public information about us. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">154 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Rule 701 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Rule 701 generally allows a shareholder who was issued shares under a written compensatory plan or contract and who is not deemed to have been
an affiliate of our Company during the immediately preceding 90 days, to sell these shares in reliance on Rule 144, but without being required to comply with the public information, holding period, volume limitation, or notice provisions of Rule
144. Rule 701 also permits affiliates of our Company to sell their Rule 701 shares under Rule 144 without complying with the holding period requirements of Rule 144. All holders of Rule 701 shares, however, are required by that rule to wait until 90
days after we become a reporting company before selling those shares under Rule 701. As of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018, the holders of options
exercisable for approximately &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ordinary shares will be eligible to sell their shares pursuant to Rule 701. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">155 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_22"></A>SALE PRICE HISTORY OF ORDINARY SHARES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have applied to list our ordinary shares on the New York Stock Exchange. Prior to the initial listing, no public market existed for our
ordinary shares. However, our ordinary shares have a history of trading in private transactions. The table below shows the high and low sales prices in U.S. dollars for our ordinary shares in private transactions by our shareholders, excluding
intercompany transfers made in connection with the Tencent Transactions, for the indicated periods based on information available to us. This information may, however, have little or no relation to broader market demand for our ordinary shares and
thus the opening public price and subsequent public price of our ordinary shares on the NYSE. As a result, you should not place undue reliance on these historical sales prices as they may differ materially from the opening public price and
subsequent public price of our ordinary shares on the NYSE. See &#147;Risk Factors&#151;Risks Related to Owning Our Ordinary Shares&#151;The public price of our ordinary shares, upon listing on the NYSE, may have little or no relationship to the
historical sales prices of our ordinary shares in private transactions.&#148; </P>  <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD ROWSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Per Share Sale Price</B></P> <P ALIGN="center" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:8pt"><B>(in
U.S. dollars)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of<BR>Ordinary<BR>Shares<BR>Sold in the<BR>Period</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of<BR>Ordinary<BR>Shares<BR>Outstanding<BR>(Period<BR>End)</B></TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Annual</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Year ended December&nbsp;31, 2017 </P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,000.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,500.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">319,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Year ended December 31, 2018 (through
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Quarterly</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Year ended December&nbsp;31, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">First Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,250.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,500.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,634</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,773,135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Second Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,400.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,850.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,690</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,780,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Third Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,800.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,620.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62,051</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,786,660</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fourth Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,000.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,260.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174,507</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Year ended December 31, 2018 (through
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">First Quarter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Monthly</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Year Ended December&nbsp;31, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,400.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,300.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,748</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,780,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,400.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,850.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,781,557</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,545.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,620.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,536</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,782,387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,800.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,000.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">748</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,786,660</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,000.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,260.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39,951</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,788,185</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,100.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,400.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,801,831</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,000.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,500.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121,899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Year ended December 31, 2018 (through
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">156 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_23"></A>CERTAIN TAXATION CONSIDERATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Luxembourg Tax Considerations </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
following is an overview of certain material Luxembourg tax consequences of purchasing, owning, and disposing of the ordinary shares issued by us. It does not purport to be a complete analysis of all possible tax situations that may be relevant to a
decision to purchase, own, or deposit our ordinary shares. It is included herein solely for preliminary information purposes and is not intended to be, nor should it construed to be, legal or tax advice. Prospective purchasers of our ordinary shares
should consult their own tax advisers as to the applicable tax consequences of the ownership of our ordinary shares, based on their particular circumstances. The following description of Luxembourg tax law is based upon Luxembourg law and
regulations as in effect and as interpreted by the Luxembourg tax authorities as of the date of this annual report and is subject to any amendments in law (or in interpretation) later introduced, whether or not on a retroactive basis. Please be
aware that the residence concept used under the respective headings below applies for Luxembourg tax assessment purposes only. Any reference in this section to a tax, duty, levy impost or other charge or withholding of a similar nature refers to
Luxembourg tax laws and/or concepts only. Also, please note that a reference to Luxembourg income tax encompasses corporate income tax (<I>imp&ocirc;t sur le revenu des collectivit&eacute;s</I>), municipal business tax (<I>imp&ocirc;t commercial
communal</I>), a solidarity surcharge (<I>contribution au fonds pour l&#146;emploi</I>) and personal income tax (<I>imp&ocirc;t sur le revenu</I>) generally. Corporate taxpayers may further be subject to net worth tax (<I>imp&ocirc;t sur la
fortune</I>), as well as other duties, levies or taxes. Corporate income tax, municipal business tax, as well as the solidarity surcharge invariably applies to most corporate taxpayers resident of Luxembourg for tax purposes. Individual taxpayers
are generally subject to personal income tax and to the solidarity surcharge. Under certain circumstances, where an individual taxpayer acts in the course of the management of a professional or business undertaking, municipal business tax may apply
as well. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Taxation of the Company </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Income
Tax </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As the Company is a fully-taxable Luxembourg company, its net taxable profit is as a rule subject to corporate income tax
(&#147;CIT&#148;) and municipal business tax (&#147;MBT&#148;) at ordinary rates in Luxembourg. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The taxable profit as determined for CIT
purposes is applicable, with minor adjustments, for MBT purposes. CIT is levied at an effective maximum rate of 20.33% in 2017 and 19.26% as from 2018 (inclusive of the 7% surcharge for the employment fund). MBT is levied at a variable rate
according to the municipality in which the Company is located (6.75% in the City of Luxembourg in 2017). The maximum aggregate CIT and MBT rate consequently amounts to 27.08% in 2017 and 26.01% as from 2018 for companies located in the City of
Luxembourg. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Dividends and other payments derived from ordinary shares by the Company are subject to income taxes, unless the conditions
of the participation exemption regime, as described below, are satisfied. A tax credit is generally granted for withholding taxes levied at source within the limit of the tax payable in Luxembourg on such income, whereby any excess withholding tax
is not refundable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the participation exemption regime (subject to the relevant anti-abuse rules), dividends derived from ordinary
shares may be exempt from income tax if (i)&nbsp;the distributing company is a qualified subsidiary (&#147;Qualified Subsidiary&#148;), and (ii)&nbsp;at the time the dividend is put at the company&#146;s disposal, the company has held or commits
itself to hold for an uninterrupted period of at least 12 months&#146; shares representing a direct participation in the share capital of the Qualified Subsidiary (a)&nbsp;of at least 10%, or (b)&nbsp;of an acquisition price of at least
&#128;1.2&nbsp;million (or an equivalent amount in another currency). A Qualified Subsidiary means (i)&nbsp;a Luxembourg resident fully-taxable company limited by share capital (<I>soci&eacute;t&eacute; de capitaux</I>), (ii) a company covered by
Article 2 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">157 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
of the Council Directive 2011/96/EU of November&nbsp;30, 2011 (the &#147;EU Parent-Subsidiary Directive&#148;), or (iii)&nbsp;a <FONT STYLE="white-space:nowrap">non-resident</FONT> company
limited by share capital (<I>soci&eacute;t&eacute; de capitaux</I>) liable to a tax corresponding to Luxembourg CIT. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Liquidation proceeds
are assimilated to a received dividend and may be exempt under the same conditions. If the conditions of the participation exemption regime are not met, dividends derived by the Company from Qualified Subsidiaries may be exempt for 50% of their
gross amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Capital gains realized by the Company on shares are subject to CIT and MBT at ordinary rates, unless the conditions of the
participation exemption regime, as described below, are satisfied. Under the participation exemption regime, capital gains realized on shares of a Qualified Subsidiary may be exempt from CIT and MBT at the level of the Company if at the time the
capital gain is realized, the Company has held or commits itself to hold for an uninterrupted period of at least 12 months&#146; shares representing a direct participation in the share capital of the Qualified Subsidiary (i)&nbsp;of at least 10%, or
(ii)&nbsp;of an acquisition price of at least &#128;6&nbsp;million (or an equivalent amount in another currency). Taxable gains are defined as the difference between the price for which shares have been disposed of and the lower of their cost or
book value. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Withholding Tax </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Dividends paid by us to the holders of our ordinary shares are as a rule subject to a 15% withholding tax in Luxembourg, unless a reduced
withholding tax rate applies pursuant to an applicable double tax treaty or an exemption pursuant to the application of the participation exemption, and, to the extent withholding tax applies, we are responsible for withholding amounts corresponding
to such taxation at its source. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the Company and a U.S. relevant holder are eligible for the benefits of the tax treaty concluded
between the United States and Luxembourg (the &#147;Treaty&#148;), the rate of withholding on distributions shall not exceed 15%, or 5% if the U.S. relevant holder is a qualified resident company as defined in Article 24 of the Treaty that owns at
least 10% of our Company&#146;s voting stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A withholding tax exemption may apply under the participation exemption (subject to the
relevant anti-abuse rules) if cumulatively (i)&nbsp;the holder of our shares is an eligible parent (an &#147;Eligible Parent&#148;), and (ii)&nbsp;at the time the income is made available, the holder of our shares has held or commits itself to hold
for an uninterrupted period of at least 12 months a direct participation of at least 10% of our share capital or a direct participation of an acquisition price of at least &#128;1.2&nbsp;million (or an equivalent amount in another currency). Holding
a participation through an entity treated as tax transparent from a Luxembourg income tax perspective is deemed to be a direct participation in proportion to the net assets held in this entity. An Eligible Parent includes (i)&nbsp;a company covered
by Article 2 of the EU Parent-Subsidiary Directive or a Luxembourg permanent establishment thereof, (ii)&nbsp;a company resident in a State having a double tax treaty with Luxembourg and subject to a tax corresponding to Luxembourg CIT or a
Luxembourg permanent establishment thereof, (iii)&nbsp;a company limited by share capital (<I>soci&eacute;t&eacute; de capitaux</I>) or a cooperative society (<I>soci&eacute;t&eacute; coop&eacute;rative</I>) resident in the European Economic Area
other than an EU member state and liable to a tax corresponding to Luxembourg CIT or a Luxembourg permanent establishment thereof, or (iv)&nbsp;a Swiss company limited by share capital (<I>soci&eacute;t&eacute; de capitaux</I>) which is effectively
subject to corporate income tax in Switzerland without benefiting from an exemption. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">No withholding tax is levied on capital gains and
liquidation proceeds. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Net Wealth Tax </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company is as a rule subject to Luxembourg net wealth tax (&#147;NWT&#148;) on its net assets as determined for net wealth tax purposes.
NWT is levied at the rate of 0.5% on net assets not exceeding &#128;500&nbsp;million and at the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">158 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
rate of 0.05% on the portion of the net assets exceeding &#128;500&nbsp;million. Net worth is referred to as the unitary value (<I>valeur unitaire</I>), as determined at January&nbsp;1 of each
year. The unitary value is in principle calculated as the difference between (i)&nbsp;assets estimated at their fair market value (<I>valeur estim&eacute;e de r&eacute;alisation</I>), and (ii)&nbsp;liabilities <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">vis-&agrave;-vis</FONT></FONT> third parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the participation exemption regime, a qualified
shareholding held by the Company in a Qualified Subsidiary is exempt for net wealth tax purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As from January&nbsp;1, 2016, a minimum
net wealth tax (&#147;MNWT&#148;) is levied on companies having their statutory seat or central administration in Luxembourg. For entities for which the sum of fixed financial assets, receivables against related companies, transferable securities
and cash at bank exceeds 90% of their total balance sheet and &#128;350,000, the MNWT is set at &#128;4,815. For all other companies having their statutory seat or central administration in Luxembourg which do not fall within the scope of the
&#128;4,815 MNWT, the MNWT ranges from &#128;535 to &#128;32,100, depending on the Company&#146;s total balance sheet. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other Taxes </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The issuance of our ordinary shares and any other amendment of our articles of association are currently subject to a &#128;75 fixed
registration duty. The disposal of our ordinary shares is not subject to a Luxembourg registration tax or stamp duty, unless recorded in a Luxembourg notarial deed or otherwise registered in Luxembourg. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Taxation of the Holders of Ordinary Shares </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Luxembourg Tax Residency of the Holders of Our Ordinary Shares </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A holder of our ordinary shares will not become resident, nor be deemed to be resident, in Luxembourg by reason only of the holding and/or
disposing of our ordinary shares or the execution, performance, or enforcement of his/her rights thereunder. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Income Tax&#151;Luxembourg Resident
Holders </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Luxembourg Individual Residents</I>. Dividends and other payments derived from our ordinary shares by resident individual
holders of our ordinary shares, who act in the course of the management of either their private wealth or their professional or business activity, are subject to income tax at the ordinary progressive rates. A tax credit is generally granted for
withholding taxes levied at source within the limit of the tax payable in Luxembourg on such income, whereby any excess withholding tax is not refundable. 50% of the gross amount of dividends received from the Company by resident individual holders
of our ordinary shares are exempt from income tax. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Capital gains realized on the disposal of our ordinary shares by resident individual
holders of our ordinary shares, who act in the course of the management of their private wealth, are not subject to income tax, unless said capital gains qualify either as speculative gains or as gains on a substantial participation. Capital gains
are deemed to be speculative and are subject to income tax at ordinary rates if our ordinary shares are disposed of within six months after their acquisition or if their disposal precedes their acquisition. Speculative gains are subject to income
tax as miscellaneous income at ordinary rates. A participation is deemed to be substantial where a resident individual holder of our ordinary shares holds or has held, either alone or together with his/her spouse or partner and/or minor children,
directly or indirectly at any time within the five years preceding the disposal, more than 10% of the share capital of the Company whose ordinary shares are being disposed of. A holder of our ordinary shares also is deemed to alienate a substantial
participation if he acquired free of charge, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">159 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
within the five years preceding the transfer, a participation that was constituting a substantial participation in the hands of the alienator (or the alienators in case of successive transfers
free of charge within the same five-year period). Capital gains realized on a substantial participation more than six months after the acquisition thereof are taxed according to the half-global rate method, (i.e., the average rate applicable to the
total income is calculated according to progressive income tax rates and half of the average rate is applied to the capital gains realized on the substantial participation). A disposal may include a sale, an exchange, a contribution or any other
kind of alienation of the participation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Capital gains realized on the disposal of our ordinary shares by resident individual holders of
our ordinary shares, who act in the course of their professional or business activity, are subject to income tax at ordinary rates. Taxable gains are determined as the difference between the price for which our ordinary shares have been disposed of
and the lower of their cost or book value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Luxembourg Fully-taxable Corporate Residents</I>. Dividends and other payments derived from
our ordinary shares by Luxembourg resident fully-taxable companies are subject to CIT and MBT, unless the conditions of the participation exemption regime, as described below, are satisfied. A tax credit is generally granted for withholding taxes
levied at source within the limit of the tax payable in Luxembourg on such income, whereby any excess withholding tax is not refundable. If the conditions of the participation exemption regime are not met, 50% of the gross amount of dividends
received by Luxembourg resident, fully-taxable companies from our ordinary shares are exempt from CIT and MBT. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the participation
exemption regime (subject to the relevant anti-abuse rules), dividends derived from our ordinary shares may be exempt from CIT and MBT at the level of the holder of our ordinary shares if cumulatively (i)&nbsp;the holder of our ordinary shares is an
Eligible Parent, and (ii)&nbsp;at the time the dividend is put at the holder of our ordinary shares&#146; disposal, the holder of our ordinary shares has held or commits itself to hold for an uninterrupted period of at least 12 months a qualified
shareholding (&#147;Qualified Shareholding&#148;). A Qualified Shareholding means ordinary shares representing a direct participation of at least 10% in the share capital of the Company or a direct participation in the Company of an acquisition
price of at least &#128;1.2&nbsp;million (or an equivalent amount in another currency). Liquidation proceeds are assimilated to a received dividend and may be exempt under the same conditions. If the conditions of the participation exemption regime
are not met, dividends derived by the Company from Qualified Subsidiaries may be exempt for 50% of their gross amount. Ordinary shares held through a <FONT STYLE="white-space:nowrap">tax-transparent</FONT> entity are considered as being a direct
participation proportionally to the percentage held in the net assets of the transparent entity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Capital gains realized by a Luxembourg
resident fully-taxable company on our ordinary shares are subject to CIT and MBT at ordinary rates, unless the conditions of the participation exemption regime, as described below, are satisfied. Under the participation exemption regime, capital
gains realized on our ordinary shares may be exempt from CIT and MBT at the level of the holder of our ordinary shares if cumulatively (i)&nbsp;the holder of our ordinary shares is an Eligible Parent, and (ii)&nbsp;at the time the capital gain is
realized, the holder of our ordinary shares has held or commits itself to hold for an uninterrupted period of at least 12 months our ordinary shares representing a direct participation in the share capital of the Company of at least 10% or a direct
participation in the Company of an acquisition price of at least &#128;6&nbsp;million (or an equivalent amount in another currency). Taxable gains are determined as the difference between the price for which our ordinary shares have been disposed of
and the lower of their cost or book value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Luxembourg Residents Benefiting from a Special Tax Regime</I>. Holders of our ordinary
shares who are either (i)&nbsp;an undertaking for collective investment governed by the amended law of December&nbsp;17, 2010, (ii) a specialized investment fund governed by the amended law of February&nbsp;13, 2007, (iii) a family wealth management
company governed by the amended law of May&nbsp;11, 2007, or (iv)&nbsp;a reserved alternative investment fund treated as a specialized investment fund for Luxembourg tax purposes governed by the law of July&nbsp;23, 2016,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">160 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
are exempt from income tax in Luxembourg. Dividends derived from and capital gains realized on our ordinary shares are thus not subject to Luxembourg income tax in their hands. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Income Tax&#151;Luxembourg <FONT STYLE="white-space:nowrap">Non-Resident</FONT> Holders </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-resident</FONT> holders of our ordinary shares who have neither a permanent establishment nor a permanent
representative in Luxembourg to which or whom our ordinary shares are attributable, are not liable to any Luxembourg income tax on income and gains derived from our ordinary shares except capital gains realized on (i)&nbsp;a substantial
participation before the acquisition or within the first six months of the acquisition thereof, or (ii)&nbsp;a substantial participation more than six months after the acquisition thereof by a holder of our ordinary shares who has been a former
Luxembourg resident for more than 15 years and has become a <FONT STYLE="white-space:nowrap">non-resident,</FONT> at the time of transfer, less than five years ago. A participation is deemed to be substantial where a shareholder holds or has held,
either alone or, in case of an individual shareholder, together with his/her spouse or partner and/or minor children, directly or indirectly at any time within the five years preceding the disposal, more than 10% of the share capital of the Company
whose ordinary shares are being disposed of. A shareholder also is deemed to alienate a substantial participation if he acquired free of charge, within the five years preceding the transfer, a participation that was constituting a substantial
participation in the hands of the alienator (or the alienators in case of successive transfers free of charge within the same five-year period). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the Company and a U.S. relevant holder are eligible for the benefits of the Treaty, such U.S. relevant holder generally should not be
subject to Luxembourg tax on the gain from the disposal of such ordinary shares unless such gain is attributable to a permanent establishment of such U.S. relevant holder in Luxembourg. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-resident</FONT> holders of our ordinary shares which have a permanent establishment or a permanent
representative in Luxembourg to which or whom our ordinary shares are attributable, must include any income received, as well as any gain realized, on the sale, disposal or redemption of our ordinary shares, in their taxable income for Luxembourg
tax assessment purposes, unless the conditions of the participation exemption regime, as described below, are satisfied. If the conditions of the participation exemption regime are not fulfilled, 50% of the gross amount of dividends received by a
Luxembourg permanent establishment or permanent representative may be, however, exempt from income tax. Taxable gains are determined as the difference between the price for which the ordinary shares have been disposed of and the lower of their cost
or book value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the participation exemption regime (subject to relevant anti-abuse rules), dividends derived from our ordinary
shares may be exempt from income tax if cumulatively (i)&nbsp;our ordinary shares are attributable to a qualified permanent establishment (&#147;Qualified Permanent Establishment&#148;), and (ii)&nbsp;at the time the dividend is put at the disposal
of the Qualified Permanent Establishment, it has held or commits itself to hold a Qualified Shareholding for an uninterrupted period of at least 12 months. A Qualified Permanent Establishment means (i)&nbsp;a Luxembourg permanent establishment of a
company covered by Article 2 of the EU Parent-Subsidiary Directive, (ii)&nbsp;a Luxembourg permanent establishment of a company limited by share capital (<I>soci&eacute;t&eacute; de capitaux) </I>resident in a State having a tax treaty with
Luxembourg, and (iii)&nbsp;a Luxembourg permanent establishment of a company limited by share capital (<I>soci&eacute;t&eacute; de capitaux</I>) or a cooperative society (<I>soci&eacute;t&eacute; coop&eacute;rative</I>) resident in the European
Economic Area other than a EU member state. Liquidation proceeds are assimilated to a received dividend and may be exempt under the same conditions. Ordinary shares held through a tax transparent entity are considered as being a direct participation
proportionally to the percentage held in the net assets of the transparent entity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the participation exemption regime, capital
gains realized on our ordinary shares may be exempt from income tax if (i)&nbsp;our ordinary shares are attributable to a Qualified Permanent Establishment, and (ii)&nbsp;at the time the capital gain is realized, the Qualified Permanent
Establishment has held or commits itself to hold, for an uninterrupted period of at least 12 months, our ordinary shares representing a direct participation in the share </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">161 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
capital of the Company of at least 10% or a direct participation in the Company of an acquisition price of at least &#128;6&nbsp;million (or an equivalent amount in another currency). Taxable
gains are determined as the difference between the price for which our ordinary shares have been disposed of and the lower of their cost or book value. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Net Wealth Tax </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Luxembourg resident
holders of our ordinary shares, as well as <FONT STYLE="white-space:nowrap">non-resident</FONT> holders of our ordinary shares who have a permanent establishment or a permanent representative in Luxembourg to which or whom our ordinary shares are
attributable, are subject to Luxembourg NWT on our ordinary shares, except if the holder is (i)&nbsp;a resident or <FONT STYLE="white-space:nowrap">non-resident</FONT> individual taxpayer, (ii)&nbsp;a securitization company governed by the amended
law of March&nbsp;22, 2004 on securitization, (iii)&nbsp;a company governed by the amended law of June&nbsp;15, 2004 on venture capital vehicles, (iv)&nbsp;a professional pension institution governed by the amended law of July&nbsp;13, 2005, (v) a
specialized investment fund governed by the amended law of February&nbsp;13, 2007, (vi) a family wealth management company governed by the amended law of May&nbsp;11, 2007, (vii) an undertaking for collective investment governed by the amended law
of December&nbsp;17, 2010, or (viii)&nbsp;a reserved alternative investment fund governed by the law of July&nbsp;23, 2016. However, (i)&nbsp;a securitization company governed by the amended law of March&nbsp;22, 2004 on securitization, (ii)&nbsp;a
company governed by the amended law of June&nbsp;15, 2004 on venture capital vehicles, (iii)&nbsp;a professional pension institution governed by the amended law of July&nbsp;13, 2005, and (iv)&nbsp;a reserved alternative investment fund treated as a
venture capital vehicle for Luxembourg tax purposes and governed by the law of July&nbsp;23, 2016, remain subject to MNWT. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the
participation exemption, a Qualified Shareholding held in the Company by an Eligible Parent or attributable to a Qualified Permanent Establishment may be exempt. The net wealth tax exemption for a Qualified Shareholding does not require the
completion of the <FONT STYLE="white-space:nowrap">12-month</FONT> holding period. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other Taxes </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under Luxembourg tax law, where an individual holder of our ordinary shares is a resident of Luxembourg for inheritance tax purposes at the
time of his or her death, our ordinary shares are included in his or her taxable basis for inheritance tax purposes. On the contrary, no inheritance tax is levied on the transfer of our ordinary shares upon the death of an individual holder in cases
where the deceased was not a resident of Luxembourg for inheritance purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gift tax may be due on a gift or donation of our ordinary
shares, if the gift is recorded in a Luxembourg notarial deed or otherwise registered in Luxembourg. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>U.S. Federal Income Tax Considerations </B></P>
 <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following summary describes certain U.S. federal income tax considerations generally applicable to U.S. Holders (as defined below) of
our ordinary shares. This summary deals only with our ordinary shares held as capital assets within the meaning of Section&nbsp;1221 of the Internal Revenue Code of 1986, as amended (the &#147;Internal Revenue Code&#148;). This summary also does not
address the tax consequences that may be relevant to holders in special tax situations including, without limitation, dealers in securities, traders that elect to use a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mark-to-market</FONT></FONT> method of accounting, holders that own our ordinary shares as part of a &#147;straddle,&#148; &#147;hedge,&#148; &#147;conversion transaction,&#148; or
other integrated investment, banks or other financial institutions, individual retirement accounts and other <FONT STYLE="white-space:nowrap">tax-deferred</FONT> accounts, insurance companies, <FONT STYLE="white-space:nowrap">tax-exempt</FONT>
organizations, U.S. expatriates, holders whose functional currency is not the U.S. dollar, holders subject to the alternative minimum tax, holders that acquired our ordinary shares in a compensatory transaction, holders subject to special tax
accounting rules as a result of any item of gross income with respect to the ordinary shares being taken into account in an applicable financial statement, or holders that actually or constructively own 10% or more of the total voting power or value
of our ordinary shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">162 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This summary is based upon the Internal Revenue Code, applicable U.S. Treasury regulations,
administrative pronouncements and judicial decisions, in each case as in effect on the date hereof, all of which are subject to change (possibly with retroactive effect). No ruling will be requested from the Internal Revenue Service (the
&#147;IRS&#148;) regarding the tax consequences of the initial listing, and there can be no assurance that the IRS will agree with the discussion set out below. This summary does not address any U.S. federal tax consequences other than U.S. federal
income tax consequences (such as the estate and gift tax or the Medicare tax on net investment income). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As used herein, the term
&#147;U.S. Holder&#148; means a beneficial owner of our ordinary shares that is, for U.S. federal income tax purposes, (i)&nbsp;a citizen or resident of the United States, (ii)&nbsp;a corporation or other entity taxable as a corporation created or
organized under the laws of the United States or any state thereof or therein or the District of Columbia, (iii)&nbsp;an estate the income of which is subject to U.S. federal income taxation regardless of its source, or (iv)&nbsp;a trust
(a)&nbsp;that is subject to the supervision of a court within the United States and the control of one or more United States persons as described in Internal Revenue Code Section&nbsp;7701(a)(30), or (b)&nbsp;that has a valid election in effect
under applicable U.S. Treasury regulations to be treated as a United States person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an entity or other arrangement treated as a
partnership for U.S. federal income tax purposes acquires our ordinary shares, the tax treatment of a partner in the partnership generally will depend upon the status of the partner and the activities of the partnership. Partners of a partnership
considering an investment in our ordinary shares should consult their tax advisers regarding the U.S. federal income tax consequences of acquiring, owning, and disposing of our ordinary shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>THE SUMMARY OF U.S. FEDERAL INCOME TAX CONSEQUENCES SET OUT BELOW IS FOR GENERAL INFORMATION ONLY. ALL PROSPECTIVE INVESTORS SHOULD CONSULT
THEIR TAX ADVISERS AS TO THE PARTICULAR TAX CONSEQUENCES TO THEM OF OWNING OUR ORDINARY SHARES, INCLUDING THE APPLICABILITY AND EFFECT OF STATE, LOCAL AND <FONT STYLE="white-space:nowrap">NON-U.S.</FONT> TAX LAWS AND POSSIBLE CHANGES IN TAX LAW.
</B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Dividends </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the
discussion below under &#147;&#151;Passive Foreign Investment Company,&#148; the amount of dividends paid to a U.S. Holder with respect to our ordinary shares generally will be included in the U.S. Holder&#146;s gross income as ordinary income from
foreign sources to the extent paid out of our current or accumulated earnings and profits (as determined for U.S. federal income tax purposes). Distributions in excess of earnings and profits will be treated as a
<FONT STYLE="white-space:nowrap">non-taxable</FONT> return of capital to the extent of the U.S. Holder&#146;s adjusted tax basis in our ordinary shares and thereafter as capital gain. However, we do not intend to calculate our earnings and profits
under U.S. federal income tax principles. Therefore, U.S. Holders should expect that a distribution will generally be treated as a dividend even if that distribution would otherwise be treated as a <FONT STYLE="white-space:nowrap">non-taxable</FONT>
return of capital or as capital gain under the rules described above. The amount of any distribution paid in foreign currency will be equal to the U.S. dollar value of such currency, translated at the spot rate of exchange on the date such
distribution is received, regardless of whether the payment is in fact converted into U.S. dollars at that time. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Foreign withholding
tax (if any) paid on dividends on our ordinary shares at the rate applicable to a U.S. Holder (taking into account any applicable income tax treaty) will, subject to limitations and conditions, be treated as foreign income tax eligible for credit
against such holder&#146;s U.S. federal income tax liability or, at such holder&#146;s election, eligible for deduction in computing such holder&#146;s U.S. federal taxable income. Dividends paid on our ordinary shares generally will constitute
&#147;passive category income&#148; for purposes of the foreign tax credit. However, if we are a &#147;United States-owned foreign corporation,&#148; solely for foreign tax credit purposes, a portion of the dividends allocable to our U.S. source
earnings and profits may be recharacterized as U.S. source. A &#147;United States-owned foreign corporation&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">163 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
is any foreign corporation in which United States persons own, directly or indirectly, 50% or more (by vote or by value) of the stock. In general, United States-owned foreign corporations with
less than 10% of earnings and profits attributable to sources within the United States are excepted from these rules. Although we don&#146;t believe we are currently a &#147;United States-owned foreign corporation,&#148; we may become one in the
future. In such case, if 10% or more of our earnings and profits are attributable to sources within the United States, a portion of the dividends paid on our ordinary shares allocable to our U.S. source earnings and profits will be treated as U.S.
source, and, as such, a U.S. Holder may not offset any foreign tax withheld as a credit against U.S. federal income tax imposed on that portion of dividends. The rules governing the treatment of foreign&nbsp;taxes imposed on a U.S.&nbsp;Holder and
foreign tax credits are complex, and U.S.&nbsp;Holders should consult their tax advisors about the impact of these rules in their particular situations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Dividends paid to a <FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. Holder by a &#147;qualified foreign corporation&#148; may be
subject to reduced rates of taxation if certain holding period and other requirements are met. &#147;Qualified foreign corporation&#148; generally includes a foreign corporation (other than a foreign corporation that is a PFIC (as defined below)
with respect to the relevant U.S. Holder for the taxable year in which the dividends are paid or for the preceding taxable year)&nbsp;(i) whose ordinary shares are readily tradable on an established securities market in the United States, or
(ii)&nbsp;which is eligible for benefits under a comprehensive U.S. income tax treaty that includes an exchange of information program and which the U.S. Treasury Department has determined is satisfactory for these purposes. Our ordinary shares are
expected to be readily tradable on the New York Stock Exchange, an established securities market. U.S. Holders should consult their own tax advisors regarding the availability of the reduced tax rate on dividends in light of their particular
circumstances. The dividends will not be eligible for the dividends received deduction available to corporations in respect of dividends received from other U.S. corporations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Disposition of Our Ordinary Shares </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the discussion below under &#147;&#151;Passive Foreign Investment Company,&#148; a U.S. Holder generally will recognize capital gain
or loss for U.S. federal income tax purposes on the sale or other taxable disposition of our ordinary shares equal to the difference, if any, between the amount realized and the U.S. Holder&#146;s adjusted tax basis in shares. In general, capital
gains recognized by a <FONT STYLE="white-space:nowrap">non-corporate</FONT> U.S. Holder, including an individual, are subject to a lower rate under current law if such U.S. Holder held shares for more than one year. The deductibility of capital
losses is subject to limitations. Any such gain or loss generally will be treated as U.S. source income or loss for purposes of the foreign tax credit. A U.S. Holder&#146;s initial tax basis in shares generally will equal the cost of such shares.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the consideration received upon the sale or other taxable disposition of our ordinary shares is paid in foreign currency, the amount
realized will be the U.S. dollar value of the payment received, translated at the spot rate of exchange on the date of taxable disposition. If our ordinary shares are treated as traded on an established securities market, a cash basis U.S. Holder
and an accrual basis U.S. Holder who has made a special election (which must be applied consistently from year to year and cannot be changed without the consent of the IRS) will determine the U.S. dollar value of the amount realized in foreign
currency by translating the amount received at the spot rate of exchange on the settlement date of the sale. An accrual basis U.S. Holder that does not make the special election will recognize exchange gain or loss to the extent attributable to the
difference between the exchange rates on the sale date and the settlement date, and such exchange gain or loss generally will constitute ordinary income or loss. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Passive Foreign Investment Company </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In general, a <FONT STYLE="white-space:nowrap">non-U.S.</FONT> corporation will be classified as a PFIC for any taxable year if at least (i)
75% of its gross income is classified as &#147;passive income,&#148; or (ii) 50% of its assets (determined on the basis of a quarterly </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">164 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
average) produce or are held for the production of passive income. For these purposes, cash is considered a passive asset. In making this determination, the
<FONT STYLE="white-space:nowrap">non-U.S.</FONT> corporation is treated as earning its proportionate share of any income and owning its proportionate share of any assets of any corporation in which it holds a 25% or greater interest. Based on our
historic and expected operations, composition of assets and market capitalization, we do not expect to be classified as a PFIC for the current table year or for the foreseeable future. However, the determination of whether we are a PFIC is made
annually. Moreover, the value of our assets for purposes of the PFIC determination will generally be determined by reference to the public price of our ordinary shares, which may fluctuate significantly. Therefore, there is no assurance that we
would not be classified as a PFIC in the future due to, for example, changes in the composition of our assets or income, as well as changes in our market capitalization. Under the PFIC rules, if we were considered a PFIC at any time that a U.S.
Holder holds our ordinary shares, we would continue to be treated as a PFIC with respect to such holder&#146;s investment unless (i)&nbsp;we cease to be a PFIC, and (ii)&nbsp;the U.S. Holder has made a &#147;deemed sale&#148; election under the PFIC
rules. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If we are considered a PFIC for any taxable year that a U.S. Holder holds our ordinary shares, any gain recognized by the
U.S. Holder on a sale or other disposition of our ordinary shares would be allocated <FONT STYLE="white-space:nowrap">pro-rata</FONT> over the U.S. Holder&#146;s holding period for the ordinary shares. The amounts allocated to the taxable year of
the sale or other disposition and to any year before we became a PFIC would be taxed as ordinary income. The amount allocated to each other taxable year would be subject to tax at the highest rate in effect for individuals or corporations, as
appropriate, for that taxable year, and an interest charge would be imposed. Further, to the extent that any distribution received by a U.S. Holder on our ordinary shares exceeds 125% of the average of the annual distributions on the ordinary shares
received during the preceding three years or the U.S. Holder&#146;s holding period, whichever is shorter, that distribution would be subject to taxation in the same manner as gain on the sale or other disposition of ordinary shares if we were a
PFIC, described above. Certain elections may be available that would result in alternative treatments (such as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mark-to-market</FONT></FONT> treatment) of the ordinary shares. If we
are treated as a PFIC with respect to a U.S. Holder for any taxable year, the U.S. Holder will be deemed to own shares in any of our subsidiaries that also are PFICs. A timely election to treat us as a qualified electing fund under the Internal
Revenue Code would result in an alternative treatment. However, we do not intend to prepare or provide the information that would enable U.S. Holders to make a qualified electing fund election. If we are considered a PFIC, a U.S. Holder also will be
subject to annual information reporting requirements. U.S. Holders should consult their own tax adviser about the potential application of the PFIC rules to an investment in the ordinary shares. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Information Reporting and Backup Withholding </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Dividend payments and proceeds paid from the sale or other taxable disposition of ordinary shares may be subject to information reporting to
the IRS. In addition, a U.S. Holder (other than exempt holders who establish their exempt status if required) may be subject to backup withholding on cash payments received in connection with dividend payments and proceeds from the sale or other
taxable disposition of our ordinary shares made within the United States or through certain U.S.-related financial intermediaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Backup
withholding will not apply, however, to a U.S. Holder who furnishes a correct taxpayer identification number, makes other required certification and otherwise complies with the applicable requirements of the backup withholding rules. Backup
withholding is not an additional tax. Rather, any amount withheld under the backup withholding rules will be creditable or refundable against the U.S. Holder&#146;s U.S. federal income tax liability, provided the required information is timely
furnished to the IRS. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Foreign Financial Asset Reporting </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Certain U.S. Holders are required to report their holdings of certain foreign financial assets, including equity of foreign entities, if the
aggregate value of all of these assets exceeds certain threshold amounts. The ordinary </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">165 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
shares are expected to constitute foreign financial assets subject to these requirements unless the shares are held in an account at certain financial institutions. U.S. Holders should consult
their tax advisors regarding the application of these reporting requirements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>FATCA </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Provisions under Sections 1471 through 1474 of the Internal Revenue Code and applicable U.S. Treasury regulations commonly referred to as
&#147;FATCA&#148; generally impose 30% withholding on certain &#147;withholdable payments&#148; and, in the future, may impose such withholding on &#147;foreign passthru payments&#148; made by a &#147;foreign financial institution&#148; (each as
defined in the Internal Revenue Code) that has entered into an agreement with the IRS to perform certain diligence and reporting obligations with respect to the foreign financial institution&#146;s U.S.-owned accounts. The United States has entered
into an intergovernmental agreement, or IGA, with Luxembourg, which modifies the FATCA withholding regime described above. It is not yet clear how foreign passthru payments will be addressed under FATCA. Prospective investors should consult their
tax advisors regarding the potential impact of FATCA, the Luxembourg IGA and any <FONT STYLE="white-space:nowrap">non-U.S.</FONT> legislation implementing FATCA on the investment in our ordinary shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">166 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_24"></A>PLAN OF DISTRIBUTION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Registered Shareholders may sell their ordinary shares covered hereby pursuant to ordinary brokerage transactions on the NYSE at
prevailing market prices at any time after the ordinary shares are listed for trading thereon. We are not party to any arrangement with any Registered Shareholder or any broker-dealer with respect to sales of the ordinary shares by the Registered
Shareholders. As such, the Company will have no input if and when any Registered Shareholder may, or may not, elect to sell their ordinary shares or the prices at which any such sales may occur, and there can be no assurance that any Registered
Shareholders will sell any or all of the ordinary shares covered by this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We will not receive any proceeds from the sale of
ordinary shares by the Registered Shareholders. We expect to recognize certain non-recurring costs as part of our transition to a publicly traded company, consisting of professional fees and other expenses. As part of our direct listing, these fees
will be expensed in the period incurred and not deducted from net proceeds to the issuer as they would be in an initial public offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The DMM, acting pursuant to its obligations under the rules of the NYSE, is responsible for facilitating an orderly market for our ordinary
shares. Based on information provided by the NYSE, the opening public price of our ordinary shares on the NYSE will be determined by buy and sell orders collected by the NYSE from broker-dealers and the NYSE is where buy orders can be matched with
sell orders at a single price. On the NYSE, buy orders priced higher than the opening price and sell orders priced lower than the opening price are guaranteed to participate in that opening trade. In accordance with proposed NYSE rules, the DMM will
consult with a financial advisor to the Company in order to effect a fair and orderly opening, including determining the opening public price of our ordinary shares. Similar to how a security being offered in an underwritten initial public offering
would open on the first day of trading, before the opening public price of our ordinary shares is determined, the DMM may publish a pre-opening indication, which provides the market with a price range of where the DMM anticipates the opening public
price will be, based on the buy and sell orders entered on the NYSE. The pre-opening indication will be available on the consolidated tape and NYSE market data feeds. As part of this opening process, the DMM will continue to update the pre-opening
indication until the buy and sell orders reach equilibrium and can be priced by offsetting one another to determine the opening public price of our ordinary shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the process described above, unlike in an underwritten initial public offering, a DMM in a direct listing may have less
information available to it to determine the opening public price of our ordinary shares. Because the financial advisor is not acting as an underwriter and will not have engaged in a book building process, it will not be able to provide the same
level of input as an underwriter may able to provide to the DMM in an underwritten initial public offering. Moreover, prior to the opening trade, there will not be a price at which underwriters initially sold shares to the public as there would be
in an underwritten initial public offering. This lack of an initial public offering price could impact the range of buy and sell orders collected by the NYSE from broker-dealers. Consequently, the public price of our ordinary shares may be more
volatile than in an underwritten initial public offering and could, upon listing on the NYSE, decline significantly and rapidly. See &#147;Risk Factors&#151;Risks Related to Owning Our Ordinary Shares&#151;Our listing differs significantly from an
underwritten initial public offering,&#148; &#147;Risk Factors&#151;Risks Related to Owning Our Ordinary Shares&#151;The public price of our ordinary shares, upon listing on the NYSE, may have little or no relationship to the historical sales prices
of our ordinary shares in private transactions,&#148; &#147;Risk Factors&#151;Risks Related to Owning Our Ordinary Shares&#151;The public price of our ordinary shares may be volatile, and could, upon listing on the NYSE, decline significantly and
rapidly,&#148; and &#147;Risk Factors&#151;Risks Related to Owning Our Ordinary Shares&#151;An active, liquid, and orderly market for our ordinary shares may not develop or be sustained. You may be unable to sell your ordinary shares at or above the
price you bought them for.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">167 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P>  <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to sales made pursuant to this prospectus, the ordinary shares covered by
this prospectus may be sold by the Registered Shareholders in private transactions exempt from the registration requirements of the Securities Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the securities laws of some states, the ordinary shares may be sold in such states only through registered or licensed brokers or
dealers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If the Registered Shareholders utilize a broker-dealer in the sale of the ordinary shares being offered by this prospectus, such
broker-dealer may receive commissions in the form of discounts, concessions, or commissions from the Registered Shareholders or commissions from purchasers of the ordinary shares for whom they may act as agent or to whom they may sell as principal
(which discounts, concessions, or commissions as to particular broker-dealers may be in excess of those customary in the types of transactions involved). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated, all information in this prospectus reflects a
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-for-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; stock split of our ordinary shares, which we expect to effectuate prior to the effectiveness of the Registration Statement. The purpose of the
stock split is to reduce the per share price of our ordinary shares to a more customary level for a newly listed company on the NYSE. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">168 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_25"></A>EXPENSES OF THE REGISTRATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth all expenses payable by us in connection with this registration. All the amounts shown are estimates except for
the SEC registration fee and the listing fee. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SEC registration fee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Listing fee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Printing costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Auditors&#146; fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Legal fees and expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transfer agent and registrar fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other advisers&#146; fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Miscellaneous fees and expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">*</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">To be included by amendment. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">169 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_26"></A>ENFORCEMENT OF CIVIL LIABILITIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are a public limited liability company (<I>soci&eacute;t&eacute; anonyme</I> or S.A.) organized under the laws of the Grand Duchy of
Luxembourg. Most of the members of our board of directors, our senior management and the experts named in this prospectus reside outside the United States and a substantial portion of their assets are located outside the United States. As a result,
it may not be possible for you to effect service of process within the United States upon these individuals or upon us or to enforce judgments obtained in U.S. courts based on the civil liability provisions of the U.S. securities laws against us in
the United States. Awards of punitive damages in actions brought in the United States or elsewhere are generally not enforceable in Luxembourg and penalty clauses and similar clauses on damages or liquidated damages are allowed to the extent that
they provide for a reasonable level of damages and the courts of Luxembourg have the right to reduce or increase the amount thereof if it is unreasonably high or low. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As there is no treaty in force on the reciprocal recognition and enforcement of judgments in civil and commercial matters between the United
States and the Grand Duchy of Luxembourg, courts in Luxembourg will not automatically recognize and enforce a final judgment rendered by a U.S. court. A valid judgment obtained from a court of competent jurisdiction in the United States may be
entered and enforced through a court of competent jurisdiction in Luxembourg, subject to compliance with the enforcement procedures (<I>exequatur</I>). The enforceability in Luxembourg courts of judgments rendered by U.S. courts will be subject,
prior to any enforcement in Luxembourg, to the procedure and the conditions set forth in the Luxembourg procedural code, which conditions may include that as of the date of this prospectus (which may change): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the judgment of the U.S. court is final and enforceable (<I>ex&eacute;cutoire</I>) in the United States; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the U.S. court had jurisdiction over the subject matter leading to the judgment (that is, its jurisdiction was in compliance both with Luxembourg private international law rules and with the applicable domestic U.S.
federal or state jurisdictional rules); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the U.S. court has applied to the dispute the substantive law that would have been applied by Luxembourg courts. Based on recent case law and legal doctrine, it is not certain that this condition would still be required
for an exequatur to be granted by a Luxembourg court; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the judgment was granted following proceedings where the counterparty had the opportunity to appear and, if it appeared, to present a defense, and the decision of the foreign court must not have been obtained by fraud,
but in compliance with the rights of the defendant; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the U.S. court has acted in accordance with its own procedural laws; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the decisions and the considerations of the U.S. court must not be contrary to Luxembourg international public policy rules or have been given in proceedings of a tax or criminal nature or rendered subsequent to an
evasion of Luxembourg law (<I>fraude a la loi</I>). It cannot be excluded that awards of damages made under civil liabilities provisions of the U.S. federal securities laws, or other laws, which are classified by Luxembourg courts as being of a
penal or punitive nature (for example, fines or punitive damages, would not be recognized by Luxembourg courts). Ordinarily an award of monetary damages would not be considered as a penalty, but if the monetary damages include punitive damages such
punitive damages may be considered as a penalty. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, actions brought in a Luxembourg court against us or the
members of our board of directors, our other officers and the experts named herein to enforce liabilities based on U.S. federal securities laws may be subject to certain restrictions. In particular, Luxembourg courts do generally not award punitive
damages. Litigation in Luxembourg also is subject to rules of procedure that differ from the U.S. rules, including with respect to the taking and admissibility of evidence, the conduct of the proceedings and the allocation of costs. Proceedings in
Luxembourg would have to be conducted in the French or German language, and all documents submitted to the court would, in principle, have to be translated into French or German. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">170 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There exists no published case law in Luxembourg in relation to the recognition of limited
recourse provisions by which a party agrees to limit its recourse against the other party to the assets available at any given point in time with such other party and there exists no published case law in Luxembourg in relation to the recognition of
foreign law governed subordination provisions whereby a party agrees to subordinate its claims of another party. If a Luxembourg court had to analyze the enforceability of such provisions, it is in our view likely that it would consider the position
taken by Belgian and Luxembourg legal scholars according to which limited recourse provisions are enforceable against the parties thereto but not against third parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A contractual provision allowing the service of process against a party to a service agent could be overridden by Luxembourg statutory
provisions allowing the valid serving of process against a party subject to and in accordance with the laws of the country where such party is domiciled. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For these reasons, it may be difficult for a U.S. investor to bring an original action in a Luxembourg court predicated upon the civil
liability provisions of the U.S. federal securities laws against us, the members of our board of directors and other Executive Officers and the experts named in this prospectus. In addition, even if a judgment against our Company, the <FONT
STYLE="white-space:nowrap">non-U.S.</FONT> members of our board of directors, senior management, or the experts named in this prospectus based on the civil liability provisions of the U.S. federal securities laws is obtained, a U.S. investor may not
be able to enforce it in U.S. or Luxembourg courts. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">171 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_27"></A>LEGAL MATTERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Our principal legal advisers in the United States are Latham&nbsp;&amp; Watkins LLP, located at 885 Third Avenue, New York, New York 10022.
Our principal legal advisers in Luxembourg are Arendt&nbsp;&amp; Medernach SA, located at 41A, avenue J.F. Kennedy <FONT STYLE="white-space:nowrap">L-2082</FONT> Luxembourg. Our principal legal advisers in Sweden are Mannheimer Swartling
Advokatbyr&aring; AB, located at Norrlandsgatan 21, 111 43 Stockholm, Sweden. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_28"></A>EXPERTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The consolidated financial statements of Spotify Technology S.A. at December&nbsp;31, 2015 and 2016 and for each of the two years in the
period ended December&nbsp;31, 2016 appearing in this prospectus and registration statement have been audited by Ernst&nbsp;&amp; Young AB, independent registered public accounting firm, with offices at Jakobsbergsgatan 24, 103 99 Stockholm, Sweden,
as set forth in their report thereon (which contains an explanatory paragraph describing conditions relating to the adoption of IFRS 15, <I>Revenue from Contracts with Customers</I>, as described in basis of presentation in Note 2 of the
consolidated financial statements) appearing elsewhere herein, and are included in reliance upon such report given on the authority of such firm as experts in auditing and accounting. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">172 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_29"></A>WHERE YOU CAN FIND MORE INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This prospectus, which is part of the Registration Statement, does not contain all of the information set forth in the Registration Statement
and the exhibits and schedules to the Registration Statement. For further information, we refer you to the Registration Statement and the exhibits and schedules filed as part of the Registration Statement. If a document has been filed as an exhibit
to the Registration Statement, we refer you to the copy of the document that has been filed. Each statement in this prospectus relating to a document filed as an exhibit is qualified in all respects by the filed exhibit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Immediately upon completion of this listing, we will become subject to periodic reporting and other informational requirements of the Exchange
Act as applicable to foreign private issuers. Accordingly, we will be required to file reports, including annual reports on Form <FONT STYLE="white-space:nowrap">20-F,</FONT> and other information with the SEC. However, we are allowed four months to
file our annual report with the SEC instead of approximately three, and we are not required to disclose certain detailed information regarding executive compensation that is required from U.S. domestic issuers. In addition, we will not be required
under the Exchange Act to file periodic reports and financial statements with the SEC as frequently as companies that are not foreign private issuers whose securities are registered under the Exchange Act. Also, as a foreign private issuer, we are
exempt from the rules of the Exchange Act prescribing the furnishing of proxy statements to shareholders, and our senior management, directors and principal shareholders are exempt from the reporting and &#147;short-swing&#148; profit recovery
provisions contained in Section&nbsp;16 of the Exchange Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As a foreign private issuer, we also are exempt from the requirements of
Regulation FD (Fair Disclosure) which, generally, are meant to ensure that select groups of investors are not privy to specific information about an issuer before other investors. We are, however, still subject to the anti-fraud and
anti-manipulation rules of the SEC, such as Rule <FONT STYLE="white-space:nowrap">10b-5.</FONT> Since many of the disclosure obligations required of us as a foreign private issuer are different than those required by other U.S. domestic reporting
companies, our shareholders, potential shareholders and the investing public in general should not expect to receive information about us in the same amount, and at the same time, as information is received from, or provided by, other U.S. domestic
reporting companies. We are liable for violations of the rules and regulations of the SEC which do apply to us as a foreign private issuer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You may review and copy the Registration Statement, reports and other information we file at the SEC&#146;s Public Reference Room at 100 F
Street, N.E., Washington, DC 20549. You also may request copies of these documents upon payment of a duplicating fee by writing to the SEC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For further information on the Public Reference Room, please call the SEC at
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-SEC-0330.</FONT></FONT></FONT> Our SEC filings, including the Registration Statement, also are available to you on the SEC&#146;s website at
http://www.sec.gov. This site contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC. The information on that website is not part of this prospectus. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">173 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="rom494294_30"></A>INDEX TO CONSOLIDATED FINANCIAL
STATEMENTS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin494294_1">Preamble Report of Independent Registered Public Accounting
Firm</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-2</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin494294_2">Consolidated Statement of Operations for the years ended December&nbsp;
31, 2015 and 2016</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-3</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin494294_3">Consolidated Statement of Comprehensive Income/(Loss) for the years ended December&nbsp;31,
 2015 and 2016</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-4</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin494294_4">Consolidated Statement of Financial Position as of December&nbsp;31,
2016</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-5</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin494294_5">Consolidated Statement of Changes in Equity/(Deficit) for the years ended December&nbsp;31,
 2015 and 2016</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-6</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin494294_6">Consolidated Statement of Cash Flows for the years ended December&nbsp;
31, 2015 and 2016</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-7</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#fin494294_7">Notes to Consolidated Financial Statements for the year ended December&nbsp;
31, 2016</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">F-8</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="fin494294_1"></A>Preamble Report of Independent
Registered Public Accounting Firm </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board of Directors and Shareholders of Spotify Technology S.A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have audited the accompanying consolidated statement of financial positions of Spotify Technology S.A. (the &#147;Group&#148;) as of December&nbsp;31, 2015
and 2016, and the related consolidated statements of operations, comprehensive income/(loss), changes in equity/(deficit) and cash flows for each of the two years in the period ended December&nbsp;31, 2016. These financial statements are the
responsibility of the Group&#146;s management. Our responsibility is to express an opinion on these financial statements based on our audits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Spotify Technology
S.A. at December&nbsp;31, 2015 and 2016, and the consolidated results of its operations and its cash flows for each of the two years in the period ended December&nbsp;31, 2016, in conformity with International Financial Reporting Standards as issued
by the International Accounting Standards Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ernst&nbsp;&amp; Young AB </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stockholm, Sweden </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The periods under audit in the foregoing
report will be signed upon the completion of the December&nbsp;31, 2017 audit once IFRS&nbsp;15, <I>Revenue from Contracts with Customers</I>, has been adopted as of January&nbsp;1, 2017 on a fully retrospective basis as described in basis of
presentation in Note&nbsp;2 of the consolidated financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Ernst&nbsp;&amp; Young AB </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stockholm, Sweden </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December&nbsp;18, 2017 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="fin494294_2"></A>Consolidated statement of operations </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>for the year ended December&nbsp;31 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(in
&#128;&nbsp;millions, except share and per share data) </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Note</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,940</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,714</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>226</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>401</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Research and development</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General and administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>461</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>750</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Operating loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(235</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(349</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(336</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share in earnings of associates and joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Finance income/(costs) - net</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(186</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Loss before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(225</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(535</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss attributable to owners of the parent</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(230</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(539</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss per share attributable to owners of the parent</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Basic and diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(64.81</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(145.31</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Weighted-average ordinary shares outstanding</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Basic and diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,548,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,709,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="fin494294_3"></A>Consolidated statement of comprehensive
income/(loss) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>for the year ended December&nbsp;31 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(in &#128;&nbsp;millions) </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Note</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss attributable to owners of the parent</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(230</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(539</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Other comprehensive income/(loss):</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Items that may be subsequently reclassified to consolidated statement of operations (net
of&nbsp;tax):</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss in the fair value of available for sale financial assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>22</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences on translation of foreign operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Other comprehensive income/(loss) for the year (net of tax)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(16</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total comprehensive loss for the year attributable to owners of the parent</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(230</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(555</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="fin494294_4"></A>Consolidated statement of financial position
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>As at December&nbsp;31 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(in
&#128;&nbsp;millions) </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Note</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Non-current</FONT> assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>12</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangible assets including goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>13</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investment in associates and joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>25</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash and other <FONT STYLE="white-space:nowrap">non-current</FONT> assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred tax assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>180</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>191</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Current assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade and other receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax receivable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">755</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other current assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>871</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,909</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,051</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,100</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Equity/(Deficit) and liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Equity/(Deficit)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other paid in capital</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">797</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other reserves</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated deficit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(653</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,192</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Equity/(Deficit) attributable to owners of the parent</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>229</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(240</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Non-current</FONT> liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>18,&nbsp;22</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued expenses and other liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,120</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Current liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade and other payables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>19</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued expenses and other liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">485</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Derivative liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="center"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>798</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,220</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>822</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,340</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total equity/(deficit) and liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,051</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,100</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="fin494294_5"></A>Consolidated statement of changes in
equity/(deficit) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(in &#128;&nbsp;millions, except share data) </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Note</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number of</B><br><B>ordinary<BR>shares</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Share</B><br><B>capital</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Other</B><br><B>paid&nbsp;in</B><br><B>capital</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Other</B><br><B>reserves</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Accumulated</B><br><B>deficit</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Equity/<BR>(Deficit)</B><br><B>attributable&nbsp;to</B><br><B>owners&nbsp;of&nbsp;the<BR>parent</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance at January&nbsp;1, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,394,815</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>404</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>55</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(423</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>36</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of shares upon exercise of stock options and restricted stock units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>16</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of shares, net of costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>16</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237,122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share-based payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>17</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax impact associated with share-based Payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>10</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance at December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,652,511</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>797</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>85</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(653</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>229</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss for the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other comprehensive loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of shares upon exercise of stock options and restricted stock units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>16</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95,589</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share-based payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>17</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Balance at December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,748,100</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>830</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>122</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,192</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(240</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="fin494294_6"></A>Consolidated statement of cash flows </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>for the year ended December&nbsp;31 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(in
&#128;&nbsp;millions) </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Note</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Operating activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Adjustments to reconcile net loss to net cash flows</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Depreciation of property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>12</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Amortization of intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>13</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Share-based payments expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>17</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Impairment loss on trade receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>15</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Loss on disposal of equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>12</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Finance income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>9</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(36</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(152</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Finance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>9</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">336</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Income tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>10</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Share in earnings of associates and joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net foreign exchange (gains)/losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(33</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Changes in working capital:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Increase in trade receivables and other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(121</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(60</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Increase in trade and other liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">245</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Increase in deferred revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Increase in provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Interest received</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Interest paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Income tax paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net cash flows (used in)/from operating activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(38</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>101</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Investing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Business combinations, net of cash acquired</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>5</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Investment in associates and joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>25</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Purchases of equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>12</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(44</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Purchase of intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>13</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Purchase of short term investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>22</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,397</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Sales and maturities of short term investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>22</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Change in restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>14</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net cash flows used in investing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(67</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(827</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Financing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Finance lease payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Proceeds from issuance of convertible notes, net of costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>18</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">861</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Proceeds from issuance of new shares, net of costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>16</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">474</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Proceeds from issuance of warrants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>16</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Proceeds from exercise of share options</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>17</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net cash flow from financing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>476</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>916</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Net increase in cash and cash equivalents</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>371</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>190</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Cash and cash equivalents at January&nbsp;1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>22</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman">Net foreign exchange gains/(losses) on cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(32</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:Times New Roman"><B>Cash and cash equivalents at December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>22</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>597</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>755</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The accompanying notes are an integral part of these consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><A NAME="fin494294_7"></A>Notes to the 2016 consolidated financial
statements </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Corporate information </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Spotify Technology S.A. (the &#147;Company&#148;) is a private limited company
incorporated and domiciled in Luxembourg. The Company&#146;s registered office is <FONT STYLE="white-space:nowrap">42-44</FONT> avenue de la Gare, L1610, Luxembourg. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The principal activity of the Company and its subsidiaries (the &#147;Group&#148;) is music streaming. The Group&#146;s premium service (&#147;Premium
Service&#148;) provides users with unlimited online and offline high-quality streaming access to its catalog. The Premium Service offers a commercial-free music experience. The Group&#146;s ad-supported service (&#147;Ad-Supported Service,&#148; and
together with its Premium Service, its &#147;Service&#148;) has no subscription fees and provides users with limited on-demand online access to our catalog. The Group depends on acquiring content licenses from a number of major and minor content
owners and other rights holders in order to provide its service. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Summary of significant accounting policies </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The principal accounting policies applied in the preparation
of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(a)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Basis of preparation </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consolidated financial statements of Spotify Technology S.A. have been
prepared on the basis of a full retrospective application of IFRS&nbsp;15, <I>Revenue from Contracts with Customers</I>, with an adoption date as of January&nbsp;1, 2017. As such, these consolidated financial statements will comply with
International Financial Reporting Standards (&#147;IFRS&#148;) as issued by the International Accounting Standards Board (&#147;IASB&#148;) upon issuance of year ended December&nbsp;31, 2017 financial statements in this Registration Statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consolidated financial statements have been prepared on a historical cost basis, except for securities, convertible senior notes (&#147;Convertible
Notes&#148;), and derivative financial instruments, which have been measured at fair value. The preparation of the consolidated financial statements in conformity with IFRS requires the application of certain critical accounting estimates. It also
requires management to exercise its judgment in the process of applying the accounting policies. The areas involving a greater degree of judgment or complexity, or areas in which assumptions and estimates are significant to the consolidated
financial statements, are disclosed in Note&nbsp;3. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The consolidated financial statements provide comparative information in respect of the previous
period. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(b)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Basis of consolidation </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subsidiaries are all entities over which the Group has control. The Group
controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from the date on
which control is transferred to the Group. They are deconsolidated from the date that control ceases. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(c)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Investment in associates and joint ventures </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">An associate is an entity over which the Group has
significant influence but not control or joint control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A joint venture is a type of joint arrangement whereby the parties that have joint control of the
arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties
sharing control. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group accounts for its investments in associates and joint ventures using the equity method whereby the
investment is initially recognized at cost. The carrying amount of the investment is adjusted to recognize changes in the Group&#146;s share of net assets of the associates and joint ventures since the acquisition date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group determines, at each reporting date, whether there is objective evidence that the investment in its associated companies or joint ventures is
impaired. If there is such evidence, the Group calculates the amount of impairment as the difference between the recoverable amount and the carrying amount of the investment. Any gain or loss resulting from the dilution of the Group&#146;s interest
in associates and joint ventures where significant influence and joint control, respectively, is retained is recognized in the consolidated statement of operations in &#147;Share in earnings of associates and joint ventures.&#148; </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(d)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Foreign currency translation </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Functional and reporting currency </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Items included in the financial statements of each of the Group&#146;s entities are measured using the currency of the primary economic environment in which
the entity operates. The consolidated financial statements are presented in Euro, which is the Group&#146;s reporting currency. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Transactions and
balances </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the
transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at <FONT STYLE="white-space:nowrap">year-end</FONT>
exchange rates are recognized in the consolidated statement of operations within finance income or finance costs. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Group companies </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The results and financial position of all the Group entities that have a functional currency different from the presentation currency are translated into Euro
as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Assets and liabilities are translated at the closing rate at the reporting date; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Income and expenses for each statement of operation are translated at average exchange rates; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">All resulting exchange differences are recognized in other comprehensive income/(loss). </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Goodwill and fair
value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the operation and translated at the closing rate at each reporting date. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(e)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Revenue recognition </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accounting policies for the Group&#146;s revenues are explained in Note&nbsp;4.
</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(f)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Advertising credits </B></TD></TR></TABLE>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Advertising credits are issued to certain rights holders that are not
transferable and that allow them to include advertisement on the Ad-Supported Service that promote their artists and the Spotify service, such as the availability of a new single or album on Spotify. These are issued in conjunction with the
Group&#146;s royalty arrangements for nil consideration. There is no revenue recognized as the advertising credits are mutually beneficial to both the rights holders and the Group and do not meet the definition of a revenue contract under
IFRS&nbsp;15, <I>Revenue from Contracts with Customers.</I> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(g)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Business combinations </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Business combinations are accounted for using the acquisition method.
Identifiable assets acquired and liabilities assumed are measured initially at their fair values at the acquisition date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The excess of the consideration
transferred, and the acquisition-date fair value of any previous equity interest in the acquiree over the fair value of the identifiable net assets acquired is recognized as goodwill. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Acquisition-related costs, other than those incurred for the issuance of debt or equity instruments, are charged to the consolidated statement of operations
as they are incurred. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(h)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Cost of revenue </B></TD></TR></TABLE>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cost of revenue consists predominately of royalty and distribution costs related to
content streaming. The Group incurs royalty costs paid to certain music record labels, music publishers, and other rights holders for the right to stream music to the Group&#146;s users. Royalties are typically calculated using negotiated rates in
accordance with license agreements and are based on either subscription and advertising revenue earned, user/usage measures, or a combination of these. The determination of the amount of the rights holders&#146; liability is complex and subject to a
number of variables, including the revenue recognized, the type of content streamed and the country in which it is streamed, the service tier such content is streamed on, identification of the appropriate license holder, size of user base, ratio of <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> users to Premium subscribers, and any applicable advertising fees and discounts, among other variables. Some rights holders have allowed the use of their content on the platform while negotiations of
the terms and conditions are ongoing. In such situations, royalties are calculated using estimated rates. In certain jurisdictions, rights holders have several years to claim royalties for musical compositions and therefore estimates of the
royalties payable are made until payments are made. The Group has certain arrangements whereby royalty costs are paid in advance or are subject to minimum guaranteed amounts. An accrual is established when actual royalty costs to be incurred during
a contractual period are expected to fall short of the minimum guaranteed amounts. For minimum guarantee arrangements for which the Group cannot reliably predict the underlying expense, the Group will expense the minimum guarantee on a straight-line
basis over the term of the arrangement. The Group also has certain royalty arrangements where the Group would have to make additional payments if the royalty rates were below those paid to other similar licensors (most favored nation clauses). An
accrual and expense is recognized when it is probable that the Group will make additional royalty payments under these terms. The expense related to these accruals is recognized in cost of revenue. Cost of revenue also includes credit card and
payment processing fees for subscription revenue, customer service, certain employee compensation and benefits, cloud computing, streaming, facility, and equipment costs, as well as amounts incurred to produce content for the service. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(i)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Research and development expenses </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Research and development expenses are primarily comprised of costs
incurred for development of products related to the Group&#146;s platform and service, as well as new advertising products and improvements to the Group&#146;s mobile app, desktop, and streaming services. The costs incurred include related employee
compensation and benefits, facility costs, and consulting costs. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(j)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Sales and marketing expenses </B></TD></TR></TABLE>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sales and marketing expenses are primarily comprised of employee
compensation and benefits, events and trade shows, public relations, branding, consulting expenses, customer acquisition costs, advertising, the cost of working with record labels and artists to promote the availability of new releases on the
Group&#146;s platform, and the costs of providing free trials of the Premium Service. Expenses included in the cost of providing free trials are primarily derived from per user royalty fees determined in accordance with the rights holder agreements.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(k)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>General and administrative expenses </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">General and administrative expenses are comprised primarily of
employee compensation and benefits for functions such as finance, accounting, analytics, legal, human resources, consulting fees, and other costs including facility and equipment costs. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(l)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Income tax </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The tax expense for the period comprises current and deferred tax. Tax is recognized in the
consolidated statement of operations except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive income. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"><I>Current tax</I> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Current tax comprises the expected tax payable or receivable on the taxable
income or loss for the year and any adjustment to tax payable or receivable in respect of previous years. It is measured using tax rates enacted or substantively enacted at the reporting date. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"><I>Deferred tax</I> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Deferred tax is recognized in respect of temporary differences between the
carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Temporary differences related to investments in subsidiaries, associates, and joint ventures to the extent that the Group is able to control the timing of the reversal of the temporary differences, and it is probable
that they will not reverse in the foreseeable future; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="14%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Taxable temporary differences arising on the initial recognition of goodwill. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Deferred tax
assets are recognized for unused tax losses, unused tax credits, and deductible temporary differences to the extent that it is probable that future taxable profits will be available, against which they can be used. Deferred tax assets are reviewed
at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted
or substantively enacted at the reporting date. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets
and liabilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Deferred tax assets and liabilities are offset only if certain criteria are met. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"><I>Uncertain tax positions</I> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">In determining the amount of current and deferred income tax,
the Group takes into account the impact of uncertain tax positions and whether additional taxes, interest or penalties may be due. This assessment relies on estimates and assumptions and may involve a series of judgments about future events. New
information may become available that causes the Group to change its judgment regarding the adequacy of existing tax liabilities. Such changes to tax liabilities will impact tax expense in the period that such a determination is made. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(m)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Property and equipment </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Property and equipment are stated at historical cost less accumulated
depreciation and any accumulated impairment losses. Historical cost includes any expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the
Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group adds to the carrying amount of an item of property and equipment the cost of replacing parts of such an item if the replacement part is
expected to provide incremental future benefits to the Group. All repairs and maintenance are charged to the consolidated statement of operations during the period in which they are incurred. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method as
follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Property and equipment: 3 to 5&nbsp;years </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Leasehold improvements: shorter of the lease term or useful life </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The assets&#146; residual values, useful
lives, and depreciation methods are reviewed annually and adjusted prospectively if there is an indication of a significant change. An asset&#146;s carrying amount is written down immediately to its recoverable amount if the asset&#146;s carrying
amount is greater than its estimated recoverable amount. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognized in the consolidated statement of operations when the asset is derecognized. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(n)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Intangible assets </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Acquired intangible assets other than goodwill comprise acquired developed technology
and patents. At initial recognition, intangible assets acquired in a business combination are recognized at their fair value as of the date of acquisition. Following initial recognition, intangible assets are carried at cost less accumulated
amortization and impairment losses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group recognizes internal development costs as intangible assets only when the following criteria are met: the
technical feasibility of completing the intangible asset exists, there is an intent to complete and an ability to use or sell the intangible asset, the intangible asset will generate probable future economic benefits, there are adequate resources
available to complete the development and to use or sell the intangible asset, and there is the ability to reliably measure the expenditure attributable to the intangible asset during its development. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives, typically 2 to 5&nbsp;years and are assessed for
impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for an intangible asset are reviewed at least annually. Changes in the expected useful life or the expected
pattern of consumption of future economic benefits embodied in the asset is accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates. The amortization of intangible assets is
recognized in the consolidated statement of operations in the expense category consistent with the function of the intangible assets. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(o)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Goodwill </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Goodwill is the excess of the aggregate of the consideration transferred and the amount
recognized for <FONT STYLE="white-space:nowrap">non-controlling</FONT> interest over the net identifiable assets acquired and liabilities assumed. Goodwill is tested annually for impairment, or more regularly if certain indicators are present. For
the purpose of impairment </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">testing, goodwill acquired in a business combination is allocated to each of the cash-generating units
(&#147;CGUs&#148;) that are expected to benefit from the synergies of the combination and represent the lowest level at which the goodwill is monitored for internal management purposes. Goodwill is evaluated for impairment by comparing the
recoverable amount of the Group&#146;s CGUs to the carrying amount of the CGU to which the goodwill relates. If the recoverable amount is less than the carrying amount an impairment charge is determined. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The recoverable amount of the CGUs is based on fair value less costs of disposal. The Group believes reasonable estimates and judgments have been used in
assessing the recoverable amounts. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(p)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Impairment of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Assets that are subject to
depreciation or amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. An impairment loss is recognized in the consolidated statement of operations consistent
with the function of the assets, for the amount by which the asset&#146;s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset&#146;s fair value less costs of disposal and value in use. For the purposes of
assessing impairment, assets are grouped at the lowest levels for which there are largely independent cash inflows. Prior impairments of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets (other than goodwill) are reviewed for possible
reversal each reporting period. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(q)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial instruments </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(i)</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B><B><I>Financial assets</I></B><B> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Initial recognition and measurement </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s financial assets are comprised of cash and cash equivalents, short term investments, trade and other receivables, restricted
cash, and other <FONT STYLE="white-space:nowrap">non-current</FONT> assets. All financial assets are recognized initially at fair value plus transaction costs that are attributable to the acquisition of the financial asset. Purchases and sales of
financial assets are recognized on the settlement date; the date that the Group receives or delivers the asset. The Group classifies its financial assets primarily as cash and cash equivalents, receivables and available for sale financial assets.
Receivables are <FONT STYLE="white-space:nowrap">non-derivative</FONT> financial assets, other than short term investments described below, with fixed or determinable payments that are not quoted in an active market. They are included in current
assets except for those with maturities greater than 12&nbsp;months after the reporting period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">For more information on receivables,
refer to Note&nbsp;15. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Short term investments classified as available for sale financial assets are those that are neither classified as
held for trading nor designated at fair value through the consolidated statement of operations. The securities in this category are those that are intended to be held for an indefinite period of time and that may be sold in response to needs for
liquidity or in response to changes in the market conditions (therefore not recognized at amortized cost). These are classified as current assets. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Subsequent measurement </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">After initial measurement, available for sale financial assets are measured at fair value with unrealized gains or losses recognized in other
comprehensive income and credited in other reserves within equity until the investment is derecognized, at which time, the cumulative gain or loss is recognized in finance income/costs, or the investment is determined to be impaired, when the
cumulative loss is reclassified from the available for sale reserve to the consolidated statement of operations in finance costs. Interest earned whilst holding available for sale financial assets is reported as interest income using the effective
interest method. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Derecognition </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Financial assets are derecognized when the rights to receive cash flows from the asset have expired, or the Group has transferred its rights to
receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Impairment of financial assets
</I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Group assesses at each reporting date whether there is any objective evidence that a financial asset or a group of financial
assets is impaired. A financial asset is considered impaired if objective evidence indicates that one or more events have had a negative effect on the estimated future cash flow of that asset. Evidence of impairment include that debtors,
individually or collectively, default in payments or other indications that they experience significant financial difficulty, including the probability of entering bankruptcy or other financial reorganization, or a significant or prolonged decline
in the fair value of an investment below its cost. &#145;Significant&#146; is evaluated against the original cost of the investment and &#145;prolonged&#146; against the period in which the fair value has been below its original cost. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">If there is evidence of impairment for any of the Group&#146;s financial assets carried at amortized cost, the amount of the loss is measured
as the difference between the asset&#146;s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the asset&#146;s original effective interest rate. The
carrying amount of the asset is reduced through the use of an allowance account and the amount of the loss is recognized in the consolidated statement of operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In the case of investments classified as available for sale, the impairment is assessed based on the same criteria as financial assets carried
at amortized cost. However, the amount recorded for impairment is the cumulative loss measured as the difference between the amortized cost and the current fair value, less any impairment loss on that investment previously recognized in the
consolidated statement of operations. Future interest income continues to be accrued based on the reduced carrying amount of the asset, using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment
loss. The interest income is recorded as part of finance income. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">For impairment losses recognized, if, in a subsequent period, the amount
of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognized, the reversal of the previously recognized impairment loss is recognized in the consolidated statement of
operations. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(ii)</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B><B><I>Financial liabilities</I></B><B> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Initial recognition and measurement
</I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Group&#146;s financial liabilities are comprised of trade and other payables, other liabilities (borrowings and finance lease
payments), Convertible Notes, and derivative liabilities (contingent options and warrants). All financial liabilities are recognized initially at fair value and, in the case of Convertible Notes and borrowings, net of directly attributable
transaction costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Group accounts for the Convertible Notes in accordance with IAS&nbsp;39, <I>Financial Instruments: Recognition and
Measurement</I>, &#145;fair value option&#146;. Under this approach, the Convertible Notes are accounted for in their entirety at fair value, with any change in fair value after initial measurement being recorded in the consolidated statement of
operations and the transaction costs are effectively immediately expensed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Group accounts for the warrants as a financial liability
at fair value. In accordance with IAS&nbsp;32, <I>Financial Instruments: Presentation</I>, the Group determined that the warrants were precluded from equity </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">classification, because while they contain no contractual obligation to deliver cash or other
financial instruments to the holders other than the Company&#146;s own shares, the exercise prices of the warrants are in US$ and not the Company&#146;s functional currency. Therefore, the warrants do not meet the requirements that they be settled
by the issuer exchanging a fixed amount of cash or another financial asset for a fixed number of its own equity instruments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Subsequent measurements </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Other financial liabilities </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">After initial recognition, payables and borrowings are subsequently measured at amortized cost using the effective interest method. The
effective interest method amortization is included in finance costs in the consolidated statement of operations. Gains and losses are recognized in the consolidated statement of operations when the liabilities are derecognized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Payables and borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability
for at least 12&nbsp;months after the reporting date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Fees paid to secure loan facilities are recognized as transaction costs of the loan
to the extent that it is probable that some or all of the facility will be drawn down. The fee is deferred until the drawdown occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee
is capitalized as <FONT STYLE="white-space:nowrap">pre-payment</FONT> for liquidity services and amortized over the period of the facility. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Financial liabilities at fair value through profit or loss </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">After initial recognition, financial liabilities at fair value through the profit or loss are subsequently remeasured at fair value at the end
of each reporting period with changes in fair value recognized in finance income or finance costs in the consolidated statement of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>Derecognition </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Financial
liabilities are derecognized when the obligation under the liability is discharged, cancelled, or expires. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(iii)</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B><B><I>Fair value measurements</I></B><B> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">For financial assets and liabilities
measured at fair value on a recurring basis, fair value is the price the Group would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. In the absence of active
markets for identical assets or liabilities, such measurements involve developing assumptions based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a
hypothetical transaction that occurs at the measurement date. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Group&#146;s market assumptions. All assets and liabilities for which fair
value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Level&nbsp;1: quoted (unadjusted) prices in active markets for identical assets or liabilities </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Level&nbsp;2: other techniques for which inputs are based on quoted prices for identical or similar instruments
in markets that are not active, quoted prices for similar instruments in active markets, </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD VALIGN="top">and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the asset or liability </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Level&nbsp;3: techniques which use inputs that have a significant effect on the recognized fair value that are not based on observable market data </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Group maintains policies and procedures to determine the fair value of financial assets and liabilities using what it considers to be the
most relevant and reliable market participant data available. In determining the fair value of financial assets and liabilities employing Level&nbsp;3 inputs, the Group considers such factors as the current interest rate, equity market, currency and
credit environments, expected future cash flows, the probability of certain future events occurring, and other published data. The Group performs a variety of procedures to assess the reasonableness of its fair value determinations including the use
of third parties. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(r)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Cash and cash equivalents </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents comprise cash on deposit at banks and on hand and
short term deposits with a maturity of three months or less from the date of purchase that are not subject to restrictions. Cash deposits that have restrictions governing their use are classified as restricted cash, current or <FONT
STYLE="white-space:nowrap">non-current,</FONT> based on the remaining length of the restriction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group classifies highly liquid investments with
maturities of three months or less at the date of purchase as cash equivalents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the purpose of the consolidated statement of cash flows, cash and
cash equivalents consist of cash and short term deposits as defined above. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(s)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Short term investments </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group invests in a variety of instruments, such as commercial paper, money
market funds, corporate debt securities, collateralized reverse purchase agreements, and government and government agency debt securities. Part of these investments are held in short duration fixed income portfolios. The average duration of these
portfolios is two years. All investments are governed by an investment policy and are held in highly-rated counterparties. Separate credit limits are assigned to each counterparty in order to minimize risk concentration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These investments are classified as available for sale securities and are carried at fair value with the unrealized gains and losses reported as a component
of equity. Management determines the appropriate classification of investments at the time of purchase and reevaluates the available for sale designations as of each reporting date. The available for sale debt securities with maturities greater than
twelve months are classified as short term when they are intended for use in current operations. The cost basis for investments sold is based upon the specific identification method. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(t)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Share capital </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ordinary shares are classified as equity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Equity instruments are initially measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the
equity instruments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the years ended December&nbsp;31, 2012, 2013, and 2015, the Group issued equity instruments that were part of a compound
transaction whereby additional shares would be issued to the shareholders upon the occurrence of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">certain events (see Note&nbsp;16). The embedded derivatives were separated from the host contract and the
resulting derivative liabilities were initially measured at fair value. The derivative liabilities are remeasured at fair value through the consolidated statement of operations at each reporting period. The difference between the consideration
received for the equity instruments and the fair value of the embedded derivatives represents the equity components of the transaction. Transaction costs are allocated to the liability derivatives and equity components in proportion to their initial
carrying amounts. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(u)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Share-based payments </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Employees of the Group receive remuneration in the form of share-based payment
transactions, whereby employees render services in consideration for equity instruments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The cost of equity-settled transactions with employees is
determined by the fair value at the date of grant using an appropriate valuation model. The cost is recognized, together with a corresponding credit to other reserves in equity over the period in which the performance and service conditions are
fulfilled. The cost of equity-settled transactions with <FONT STYLE="white-space:nowrap">non-employees</FONT> for which services are rendered over a vesting period is determined by the average fair value over the period the services are received.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The cumulative expense recognized for equity-settled transactions with employees at each reporting date until the vesting date reflects the Group&#146;s
best estimate of the number of equity instruments that will ultimately vest. The expense for a period represents the movement in cumulative expense recognized at the beginning and end of that period, and is recognized in employee shared-based
payments. When the terms of an equity-settled transaction award are modified, the minimum expense recognized is the expense as if the terms had not been modified, if the original terms of the award are met. An additional expense is recognized for
modifications that increase the total fair value of the share-based payment transaction or are otherwise beneficial to the grantee as measured at the date of modification. There have been no material modifications to any share-based payment
transactions during 2015 and 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Social costs are payroll taxes associated with employee salaries and benefits, including share-based compensation.
Social costs in connection with the grant are accrued over the vesting period based on the intrinsic value of the award that has been earned at the end of each reporting period. The amount of the liability reflects the amortization of the award and
the impact of expected forfeitures. The social cost rate at which the accrual is made follows the tax domicile within which other compensation charges for a grantee are recognized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The assumptions and models used for estimating fair value for share-based payment transactions are disclosed in Note&nbsp;17. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(v)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Employee benefits </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group provides defined contribution plans to its employees. The Group pays
contributions to publicly and privately administered pension insurance plans on a mandatory or contractual basis. The Group has no further payment obligations once the contributions have been paid. Contributions to defined contribution plans are
expensed when employees provide services. The Group&#146;s post-employment schemes do not include any defined benefit plans. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(w)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Provisions </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Provisions are recognized when the Group has a present obligation (legal or constructive) as
a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(x)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Leases </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At inception of an arrangement, the Group determines whether the arrangement is or contains a
lease. The Group leases certain items of property and equipment. Leases in which substantially all the risks and rewards of ownership are not transferred to the Group as lessee are classified as operating leases. Payments made under operating leases
(net of any incentives received from the lessor) are charged to the consolidated statement of operations on a straight-line basis over the period of the leases. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Leases of property and equipment where the Group has substantially all the risks and rewards of ownership are classified as finance leases. Finance leases are
capitalized at the lease&#146;s commencement at lower of the fair value of the leased property and the present value of the minimum lease payments. Each lease payment is allocated between the repayment of the liability and finance charges. The
corresponding lease obligations, net of finance charges, are included in borrowings. The interest element of the finance cost is charged to the consolidated statement of operations over the lease period so as to produce a constant periodic rate of
interest on the remaining balance of the liability for each period. The property and equipment acquired under finance leases is depreciated over the shorter of the useful life of the asset and the lease term. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>New and amended standards and interpretations adopted by the Group </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In May 2014, the IASB issued IFRS&nbsp;15, <I>Revenue from Contracts with Customers</I>, which establishes principles for reporting information to users of
financial statements about the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity&#146;s contracts with customers. Revenue is recognized when a customer obtains control of a good or service and thus has the
ability to direct the use and obtain the benefits from the good or service. The standard replaces IAS 18, <I>Revenue</I>, and IAS 11, <I>Construction Contracts</I>, and related interpretations. The Group will adopt IFRS&nbsp;15, and all related
amendments, on January&nbsp;1, 2017 on a full retrospective basis. The 2015 and 2016 consolidated financial statements, in respect of IFRS&nbsp;15, have been presented on a full retrospective basis as will be required when the 2017 consolidated
financial statements are presented. For further discussion of the Group&#146;s adoption of IFRS&nbsp;15, including the Group&#146;s 2015 and 2016 operating results under the new standard, see Note 4. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>New standards and interpretations issued not yet effective </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Recently issued new or revised/amended standards and interpretations effective for the Group on or after January&nbsp;1, 2017, are as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In July 2014, the IASB published the final version of IFRS&nbsp;9, <I>Financial Instruments</I>, which reflects all phases of the financial instruments
project and replaces IAS&nbsp;39, <I>Financial Instruments: Recognition and Measurement</I>, and all previous versions of IFRS&nbsp;9, <I>Financial Instruments</I>. The standard introduces new requirements for classification and measurement,
impairment, and hedge accounting. IFRS&nbsp;9 is effective for annual periods beginning on or after January&nbsp;1, 2018, with early application permitted. Retrospective application is required, but comparative information is not compulsory. The
Group is assessing the impact of IFRS&nbsp;9, <I>Financial Instruments</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In January 2016, the IASB published IFRS&nbsp;16, <I>Leases</I>, its new
leasing standard, which will replace the current guidance in IAS&nbsp;17, <I>Leases</I>, and interpretations IFRIC&nbsp;4, <FONT STYLE="white-space:nowrap">SIC-15</FONT> and <FONT STYLE="white-space:nowrap">SIC-27.</FONT> The new standard requires
lessees to recognize a lease liability reflecting future lease payments and a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#145;right-of-use</FONT></FONT> asset&#146; for virtually all lease contracts. The standard applies to
annual periods beginning on or after January&nbsp;1, 2019, with earlier application permitted. The Group expects the valuation of right-of-use assets and lease liabilities, previously described as operating leases, to be the present value of its
forecasted future lease commitments. Lessees will be required to separately recognize the interest expense on the lease liability and the depreciation expense on the
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">right-of-use</FONT></FONT> asset. The Group is continuing to assess the overall impacts of the new standard. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In January 2016, the&nbsp;IASB&nbsp;issued<I>&nbsp;Disclosure Initiative</I><I></I>&nbsp;<I>(Amendments to
IAS&nbsp;7)</I>&nbsp;which&nbsp;amended IAS&nbsp;7, <I>Statement of Cash Flows</I>. The amendments&nbsp;require entities to provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing
activities. The amendments apply to annual periods beginning on or after January&nbsp;1, 2017, with earlier application permitted. When the entity first applies those amendments, it is not required to provide comparative information for preceding
periods. The Group is assessing what information it has to provide to comply with the disclosure requirements of the amendments to IAS&nbsp;7, <I>Statement of Cash Flows. </I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In January 2016, the IASB issued <I>Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to IAS&nbsp;12)</I><I></I> which amended IAS&nbsp;12,
<I>Income Taxes</I>. The amendments primarily were issued to clarify the recognition of deferred tax assets for unrealized losses related to debt instruments measured at fair value. An entity shall apply these amendments for annual reporting periods
beginning on or after January&nbsp;1, 2017, with early application permitted. The Group is assessing the impact of the amendments to IAS&nbsp;12, <I>Income Taxes.</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are no other IFRS or IFRIC interpretations that are not effective that are expected to have a material impact. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Critical accounting estimates and judgments </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The preparation of the consolidated financial statements
requires management to make judgments, estimates, and assumptions that affect the reported amounts of revenues, expenses, assets, liabilities, and equity in the consolidated financial statements and the accompanying disclosures. Estimates and
judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Uncertainty about
these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The areas where assumptions and estimates are significant to the consolidated financial statements are: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">The Group measures the cost of equity-settled transactions with employees and <FONT STYLE="white-space:nowrap">non-employees</FONT> by reference to the fair value of the equity instruments at the date at which they are
granted. The fair value is estimated using a model which requires the determination of the appropriate inputs. The assumptions and models used for estimating the fair value of share-based payment transactions are disclosed in Note&nbsp;17.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">The fair value of the Group&#146;s Convertible Notes, warrants, and contingent options are estimated using valuation techniques using inputs based on management&#146;s judgment and conditions that existed at each
reporting date. The assumptions and models used for estimating the fair value of the instruments are disclosed in Note&nbsp;22. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">The Group has fiscal loss carry-forwards. At period end, the Group investigates the possibility of recognizing deferred tax assets with regard to the loss carry-forwards. Deferred tax assets related to loss
carry-forwards are recognized only in those cases where it is probable and there is convincing evidence that the Group will generate future taxable income to which the loss carry-forward can be utilized. See Note&nbsp;10. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">The Group allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of
purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. See
Note&nbsp;5. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">In accordance with the accounting policy described in Note&nbsp;2, the Group annually performs an impairment test regarding goodwill. The fair value of the CGUs is estimated using valuation techniques using inputs based
on management&#146;s judgment and conditions that existed at the testing date. The assumptions and models used for estimating the fair value are disclosed in Note&nbsp;13. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">The Group&#146;s agreements and arrangements with rights holders for the content used on its platform are complex. Some rights holders have allowed the use of their content on the platform while negotiations of the
terms and conditions are ongoing. In certain jurisdictions, rights holders have several years to claim royalties for musical composition and therefore estimates of the royalty accruals are based on available information and historical trends. The
determination of royalty accruals involves significant judgements, assumptions, and estimates of the amounts to be paid. See Note&nbsp;20. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">Management makes significant estimates and assumptions when determining the amounts to record for provision for legal contingencies. See Note&nbsp;21. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The areas requiring a higher degree of judgment in applying accounting principles or complexity are: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">The Group determined that three of its equity arrangements included embedded derivatives due to the existence of a downside protection clause. The evaluation of the embedded derivatives for separation from the equity
instrument required significant judgment and the consideration of whether the embedded derivative was closely related to the host contract. See Notes&nbsp;16 and&nbsp;22. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Revenue recognition </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Adoption of IFRS&nbsp;15, </B><B><I>Revenue from Contracts with
Customers</I></B><B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On January&nbsp;1, 2017, the Group will adopt IFRS&nbsp;15, and all related amendments, using the full retrospective transition
method. The standard establishes principles for reporting information to users of financial statements about the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity&#146;s contracts with customers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The main change in accounting policies as a result of the application of IFRS&nbsp;15 is explained below. Such a change is made in accordance with the
transitional provisions of IFRS&nbsp;15. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group provides discounted trial periods for Premium Services where the cost of providing the service exceeds
the amount received from the customer. Under IFRS&nbsp;15, these arrangements meet the definition of a contract with a customer and therefore consideration received for discounted trial periods is recognized in revenue and the related costs are
recognized as costs of revenue. Previously, the net loss relating to discounted trial periods was included in sales and marketing and no revenue or cost of revenue was recorded. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following tables summarize the adjustments posted in the Group&#146;s consolidated financial statements
due to the retrospective application of IFRS&nbsp;15. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Impact on consolidated statement of operations </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Impact of IFRS&nbsp;15</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B><br><B><FONT STYLE="white-space:nowrap">Pre-adoption</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B><br><B><FONT STYLE="white-space:nowrap">Post-adoption</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,929</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,940</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,664</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,714</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>265</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(39</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>226</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">259</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(40</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Operating loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(236</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(235</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Loss before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(226</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(225</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss attributable to owners of the parent</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(231</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(230</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Impact of IFRS&nbsp;15</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B><br><B><FONT STYLE="white-space:nowrap">Pre-adoption</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustments</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B><br><B><FONT STYLE="white-space:nowrap">Post-adoption</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,933</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,483</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>450</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(49</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>401</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">418</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(50</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Operating loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(350</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(349</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Loss before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(536</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(535</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net loss attributable to owners of the parent</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(540</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(539</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The impact to the opening equity attributable to owners of the parent is not material. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Revenue from contracts with customers </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>(i)</I></B></TD>
<TD ALIGN="left" VALIGN="top"><B><I>Disaggregated revenue </I></B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group discloses revenue by reportable segment and geographic area in
Note&nbsp;6. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>(ii)</I></B></TD>
<TD ALIGN="left" VALIGN="top"><B><I>Performance obligations </I></B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Subscription revenue </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group generates subscription revenue from the sale of the Premium Service in which customers can listen on-demand and offline. Premium Services are sold
directly to end users and through partners who are generally </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">telecommunications companies that bundle the subscription with their own services or collect payment for the
stand-alone subscriptions from their end customers. The Group satisfies its performance obligation, and revenue from these services is recognized, on a straight-line basis over the subscription period. Typically, Premium Services are paid in
advance. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Premium partner services are based on a <FONT STYLE="white-space:nowrap">per-subscriber</FONT> rate in a negotiated partner agreement and
may include minimum guarantees for the number of subscriptions that will be purchased from the Group. Under these arrangements, a premium partner may bundle the Premium Service with its existing product offerings or offer the Premium Service as an <FONT
STYLE="white-space:nowrap">add-on.</FONT> Payment is remitted to the Group through the premium partner. When a minimum guarantee is within an agreement and the partner is not expected to meet the commitment, management has concluded the revenue is
constrained to the revenue amounts for the actual subscriptions sold in a given period. We therefore only recognize the associated revenue when it is highly probable that this will not result in a significant reversal of revenue when the uncertainty
is resolved. The Group assesses the facts and circumstances, including whether the partner is acting as a principal or agent, of all partner revenue arrangements and then recognizes revenues either gross or net. Premium partner services, whether
recognized gross or net, have one material performance obligation being the delivery of our Premium Service. </P>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Advertising revenue </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group&#146;s advertising revenue is primarily generated through display, audio, and video advertising delivered through advertising impressions. The Group
enters into arrangements with advertising agencies that purchase advertising on its platform on behalf of the agencies&#146; clients. These advertising arrangements are typically sold on a cost-per-thousand basis and are evidenced by an Insertion
Order (&#147;IO&#148;) that specifies the terms of the arrangement such as the type of ad product, pricing, insertion dates, and number of impressions in a stated period. Revenue is recognized over time based on the number of impressions delivered.
IOs may include multiple performance obligations as they generally contain several different advertising products that each represent a separately identifiable promise within the contract. For such arrangements, the Group allocates revenue to each
performance obligation on a relative stand-alone selling price basis. The Group determines stand-alone selling prices based on the prices charged to customers. The Group also may offer cash rebates to advertising agencies based on the volume of
advertising inventory purchased. These rebates are estimated based on expected performance and historical data and result in a reduction of revenue recognized. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additionally, the Group generates revenue through arrangements with certain suppliers to distribute advertising inventory on their ad exchange platforms for
purchase on a cost-per-thousand basis. Revenue is recognized over time when impressions are delivered on the platform. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>(iii)</I></B></TD>
<TD ALIGN="left" VALIGN="top"><B><I>Contract liabilities </I></B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table provides information about contract liabilities from
contracts with customers. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>January&nbsp;1,</B><br><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B><br><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>December&nbsp;31,</B><br><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Contract liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred advertising revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred subscription revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>63</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>92</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>149</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferred revenue is mainly comprised of subscription fees collected for services not yet performed and therefore revenue has
not been recognized. Revenue is recognized over time as the services are performed. The increase in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
  <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">deferred revenue in 2016 is a result of an increase in the number of Premium subscribers. This balance
will be recognized as revenue as the services are performed, which is generally expected to occur over the next month. </P>  <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Revenue recognized that was
included in the contract liability balance at the beginning of the years ended December&nbsp;31, 2015 and 2016 is &#128;63<B></B>&nbsp;million<B> </B>and<B> </B>&#128;92&nbsp;million, respectively.<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As permitted under IFRS&nbsp;15, the Group does not disclose unsatisfied (or partially unsatisfied) performance obligations when the related contract has a
duration of one year or less. The Group also applies the practical expedient under the transitional provisions of IFRS&nbsp;15 and does not disclose the amount of the transaction price allocated to the remaining performance obligations and an
explanation of when the Group expects to recognize that amount as revenue for the year ended December&nbsp;31, 2016. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Business combinations </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Acquisition in 2015 </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During 2015, the Group acquired the operations of one business. The acquisition is accounted for under the acquisition method. The total purchase consideration
is &#128;7&nbsp;million, all of which was recorded in goodwill. The acquisition did not have a material impact on the Group&#146;s total revenue or net loss for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Included in the arrangements are payments that are contingent on continued employment. The payments are remuneration for post-combination services and are
automatically forfeited if employment terminates. A total of &#128;2&nbsp;million of post-combination cash <FONT STYLE="white-space:nowrap">pay-outs</FONT> will be recorded as compensation expense over the service period of three years. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Acquisitions in 2016 </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During 2016, the Group acquired the
operations of three separate businesses. The acquisitions were accounted for under the acquisition method. The total purchase consideration was &#128;8&nbsp;million, of which &#128;7&nbsp;million was recorded to goodwill, and &#128;1&nbsp;million to
acquired intangibles assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Included in the arrangements are payments that are contingent on continued employment. The payments are recognized as
remuneration for post-combination services and are automatically forfeited if employment terminates. A total of &#128;3&nbsp;million of post-combination cash <FONT STYLE="white-space:nowrap">pay-outs</FONT> will be recorded as compensation expense
over the service periods of up to three years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The results of operations for each of the acquisitions have been included in the Group&#146;s consolidated
statements of operations since the respective dates of acquisitions. Actual and pro forma revenue and results of operations for the acquisitions have not been presented because they do not have a material impact to the consolidated revenue and
results of operations, either individually or in aggregate. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Segment information </B></TD></TR></TABLE>  <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group has two reportable segments: Premium and <FONT
STYLE="white-space:nowrap">Ad-Supported.</FONT> The Premium Service is a paid service in which customers can listen <FONT STYLE="white-space:nowrap">on-demand</FONT> and offline. Revenue is generated through subscription fees. The <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service is free to the user. Revenue is generated through the sale of advertising. Royalty costs are primarily recorded in each segment based on specific rates for each segment agreed with rights
holders. The remaining royalties which are not specifically associated to either of the segments are allocated based on user activity or the revenue recognized in each segment. No operating segments have been aggregated to form the reportable
segments. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Key financial performance measures of the segments including revenue, cost of revenue, and gross profit are
as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Premium</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,492</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,228</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>252</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>429</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Ad-Supported</FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">295</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">222</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross loss</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(26</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(28</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Consolidated</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,940</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,714</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;226</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;401</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Reconciliation of gross profit </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">General expenditures, finance income, finance costs, taxes, and share in earnings of associates and joint ventures are not allocated to individual segments as
these are managed on an overall group basis. The reconciliation between reportable segment gross profit and loss to consolidated loss before tax is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Segment gross profit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;226</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;401</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Research and development</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(136</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(207</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(219</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(368</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General and administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(106</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(175</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(336</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share in earnings of associates and joint ventures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Loss before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(225</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(535</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Revenue by country </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">741</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">342</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Luxembourg</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other countries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">930</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,436</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,940</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,952</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Premium revenues are attributed to a country based on where the membership originates. Advertising revenues
are attributed to a country based on where the campaign is viewed. There are no countries that make up greater than 10% of total revenue included in &#147;Other countries&#148;. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">Non-current</FONT> assets by country </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-current</FONT> assets for this purpose consists of property and equipment. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">United Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sweden</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other countries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2015 and 2016, the Group held no property and equipment in Luxembourg. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Personnel expenses </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions,<BR>except employee<BR>data)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Wages and salaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">163</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Social security expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Contributions to retirement plans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share-based payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other employee benefits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>259</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>373</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Average full-time employees</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,534</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,084</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Auditor remuneration </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Audit and audit related fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-25 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Finance income and costs </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Finance income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fair value movements on derivative liabilities (Note&nbsp;22)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foreign exchange gains</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;152</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Finance costs</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fair value movements on derivative liabilities (Note&nbsp;22)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fair value movements on convertible notes (Note&nbsp;22)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(245</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest, bank fees and other costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foreign exchange losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(26</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(336</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Income tax </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Current tax expense/(benefit)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Changes in estimates in respect to prior year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Deferred tax expense/(benefit)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Temporary differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Change in recognition of deferred tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Change in tax rates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Income tax expense</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There is no income tax related to components of other comprehensive income/(loss) for any of the periods presented. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including
interpretations of tax law and prior experience. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2016, the Group recognized &#128;3&nbsp;million of current income tax expense for provisions and have
cumulatively recorded liabilities of &#128;6&nbsp;million for income tax provisions at December&nbsp;31, 2016, of which &#128;6&nbsp;million is reasonably expected to be resolved within twelve months. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-26 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A reconciliation between the reported tax expense for the year, and the theoretical tax expense that would
arise when applying the statutory tax rate in Luxembourg of 29.22% (2015: 29.22%) on the consolidated loss before taxes, is shown in the table below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Loss before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(225</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(535</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax using the Luxembourg tax rate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(66</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(156</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Effect of tax rates in foreign jurisdictions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Permanent differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Change in unrecognized deferred taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Income tax expense</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The major components of deferred tax assets and liabilities are comprised of the following: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share-based compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax losses carried forward</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrealized losses / (gains)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Net Tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A reconciliation of net deferred tax is shown in the table below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Movement recognized in consolidated statement of operations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Movement recognized in consolidated statement of changes in equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax
assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>Reconciliation to balance sheet</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred tax assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-27 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferred tax assets have not been recognized in respect of the following items, because it is not probable
that future taxable profit will be available against which the Group can use the benefits. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share-based compensation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax losses carried forward</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrealized losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Property and equipment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foreign tax credits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;204</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;272</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At December&nbsp;31, 2016, no deferred tax liability has been recognized on investments in subsidiaries. The Company has
concluded it has the ability and intention to control the timing of any distribution from its subsidiaries and will only do so in a tax advantageous manner. It is not practicable to calculate the unrecognized deferred tax liability on investments in
subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tax loss carry-forwards as at December&nbsp;31, 2016, were expected to expire as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>Expected expiry</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">2017-2025</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2026&nbsp;and<BR>onwards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Unlimited</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax loss carry-forwards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">429</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">839</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foreign Tax Credits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group has significant net operating loss carry-forwards in the United States, Luxembourg, and Sweden. In certain
jurisdictions, if the Group is unable to earn sufficient income or profits to utilize such carry-forwards before they expire, they will no longer be available to offset future income or profits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Sweden, utilization of these net operating loss carry-forwards may be subject to a substantial annual limitation if there is an ownership change within the
meaning of Chapter 40, paragraphs 10-14, of the Swedish Income Tax Act (the &#147;Swedish Income Tax Act&#148;). In general, an ownership change, as defined by the Income Tax Act results from a transaction or series of transactions over a five-year
period resulting in an ownership change of more than 50% of the outstanding stock of a Company by certain categories or individuals, businesses or organizations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, in the United States, utilization of these net operating loss carry-forwards may be subject to a substantial annual limitation if there is an
ownership change within the meaning of Section&nbsp;382 of the Internal Revenue Code (&#147;Section&nbsp;382&#148;). In general, an ownership change, as defined by Section&nbsp;382, results from a transaction or series of transactions over a
three-year period resulting in an ownership change of more than 50% of the outstanding stock of a company by certain stockholders or public groups. Since the Group formation, the Group has raised capital through the issuance of capital stock on
several occasions, and the Group may continue to do so, which, combined with current or future shareholders&#146; disposition of ordinary shares, may or may not have resulted in such an ownership change. Such an ownership change may limit the amount
of net operating loss carry-forwards that can be utilized to offset future taxable income. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group&#146;s most significant tax jurisdictions are Sweden
and the U.S. (both at the federal level and in various state jurisdictions). Because of its&nbsp;tax loss&nbsp;and tax credit&nbsp;carry-forwards, substantially all of the Group&#146;s tax years remain open to federal, state, and foreign tax
examination. Certain of the Group&#146;s subsidiaries are currently under examination by the Swedish,&nbsp;U.S. and other foreign tax authorities for&nbsp;tax years from 2008-2015. These examinations may lead to adjustments to the Group&#146;s
taxes. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-28 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Loss per share </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Basic loss per share is computed using the weighted-average number of outstanding
ordinary shares during the period. Diluted loss per share is computed using the weighted-average number of outstanding ordinary shares and excludes all potential ordinary shares outstanding during the period, as their inclusion would be
anti-dilutive. The Group&#146;s potential ordinary shares primarily consist of incremental shares issuable upon the assumed exercise of stock options and warrants, and the incremental shares issuable upon the assumed vesting of unvested restricted
stock units and restricted stock awards. The computation of loss per share is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in &#128; millions, except share<BR>and per share data)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Basic and diluted</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net loss attributable to owners of the parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(539</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Shares used in computation:</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Weighted-average ordinary shares outstanding</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,548,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,709,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Basic and diluted loss per share</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(64.81</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(145.31</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Potential dilutive securities that are not included in the diluted per share calculations because they would be anti-dilutive
are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Employee options</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">229,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">274,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted stock units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,687</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,537</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted stock awards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,984</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Warrants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The potential ordinary shares issuable relating to the contingent options and Convertible Notes are issuable only upon
specified contingent events. As the specified contingent events have not occurred, these contingently dilutive shares are not considered in the calculation of dilutive EPS. For further details, see Notes&nbsp;16 and&nbsp;18. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-29 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Property and equipment </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Property<BR>and<BR>equipment</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Leasehold</B><br><B>improvements</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Cost</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>55</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>76</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transfers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Reclassification</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>96</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>41</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>137</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Disposals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>111</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>51</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>162</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Accumulated depreciation</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(21</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(25</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation charge</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Reclassification</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(47</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(56</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Depreciation charge</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(32</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Disposals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(62</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(15</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(77</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>32</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>81</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>36</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>85</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group leases various equipment under <FONT STYLE="white-space:nowrap">non-cancellable</FONT> finance lease agreements over
a lease term of 3&nbsp;years. Property and equipment includes the following amounts where the Group is a lessee under a finance lease: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Finance leases</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accumulated depreciation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-30 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Intangible assets including goodwill </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Internal<BR>development<BR>costs and<BR>patents</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Acquired<BR>intangible<BR>assets</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Goodwill</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Cost</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>52</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>63</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquisition, business combination (Note 5)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>65</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>82</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquisitions, business combination (Note 5)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Write off of fully amortized intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>93</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Accumulated amortization</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization charge</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amortization charge</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Write off of fully amortized intangibles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange differences</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(13</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(13</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>65</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>73</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>80</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amortization of &#128;4&nbsp;million and &#128;5&nbsp;million in 2015 and 2016, respectively, is included in research and
development in the consolidated statement of operations. Research and development costs that are not eligible for capitalization have been expensed in the period incurred. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-31 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Goodwill is tested for impairment on an annual basis or when there are indications the carrying amount may be
impaired. In 2015, the Group had only one CGU. In 2016, given the Group&#146;s focus on the differentiation between Premium and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> as distinct businesses, as well as the evolution of these services
as distinct products and experiences that appeal to different customers, the combined revenue organization was separated into two businesses. Thus, for the purpose of 2016 impairment testing, goodwill is allocated to the Group&#146;s two CGUs,
Premium and <FONT STYLE="white-space:nowrap">Ad-Supported,</FONT> based on the units that are expected to benefit from the business combination. The Group monitors goodwill at the CGU level for internal purposes, consistent with the way it assesses
performance and allocates resources. The carrying amount of goodwill allocated to each of the CGUs is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="14%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="14%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Premium</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Ad-Supported</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Goodwill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Valuation methodology </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The recoverable amount of the Premium and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> CGUs is determined by the Probability Weighted Expected Return
Method (&#147;PWERM&#148;). The PWERM represents fair value less costs of disposal (&#147;FVLCD&#148;), which is classified as Level&nbsp;3 under the fair value hierarchy. FVLCD is calculated using the projected revenue of the business and applying
a multiple based on historical revenue multiples of comparable publicly traded companies. The PWERM method quantifies the underlying enterprise value by probability weighting the indicated equity values of potential discrete future outcomes (or
&#147;scenarios&#148;). The weighting and key assumptions used to estimate the fair value using the PWERM were the same for both CGUs. As a result of the analysis, the FVLCD for the Premium and <FONT STYLE="white-space:nowrap">Ad-Supported</FONT>
CGUs was determined to be in excess of their carrying amounts. No impairment was recorded in 2015 and 2016. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Key assumptions used in the FVLCD
calculations at the impairment testing date </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The valuation models weighted the different scenarios as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Market Approach&nbsp;&#150; High Case Public Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Market Approach&nbsp;&#150; Low Case Public Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Market Approach&nbsp;&#150; High Case Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Market Approach&nbsp;&#150; Low Case Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Private Case&nbsp;&#150; Income and Market Approaches</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The key assumptions used to estimate the fair value of the CGUs using the PWERM are as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue multiple used to estimate enterprise value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.1&nbsp;&#150;&nbsp;5.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.0&nbsp;&#150;&nbsp;3.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Discount rate (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The calculation of the FVLCD is most sensitive to the revenue multiple and discount rate assumptions. Revenue multiples were
selected based on the relative growth prospects, margin, and risks of comparable companies, versus the Group, as well as an assumption of market conditions at exit. The indicated value in the public company and transaction cases were discounted back
to the valuation date using a rate consistent with the Group&#146;s weighted-average cost of capital (&#147;WACC&#148;). There are no reasonably possible changes in the key assumptions that would result in the CGU carrying amounts exceeding their
recoverable amounts. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-32 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Restricted cash and other <FONT STYLE="white-space:nowrap">non-current</FONT> assets </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lease deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other <FONT STYLE="white-space:nowrap">non-current</FONT> assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;21</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;23</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Trade and other receivables </B></TD></TR></TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">249</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less: provision for impairment of trade receivables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(13</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade receivables&nbsp;&#150; net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">164</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>244</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>300</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Trade receivables are <FONT STYLE="white-space:nowrap">non-interest</FONT> bearing and generally have <FONT
STYLE="white-space:nowrap">30-day</FONT> payment terms. Due to their comparatively short maturities, the carrying value of trade and other receivables approximate their fair value. The Group establishes an accrual against advances made to rights
holders not expected to be recovered. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The aging of the Group&#146;s trade receivables that are not impaired is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Not yet due</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Overdue 0&nbsp;&#150;&nbsp;30&nbsp;days</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Overdue 31&nbsp;&#150;&nbsp;60&nbsp;days</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Overdue 60&nbsp;&#150;&nbsp;90&nbsp;days</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Overdue more than 90&nbsp;days</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>164</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>223</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to trade receivables that are neither impaired nor past due, there are no indications at the reporting date that
the debtors will not meet their payment obligations. The trade receivables past due relate to a number of customers for whom there is no recent history of default or other indicators of impairment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The movements in the Group&#146;s provision for bad debts are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January 1</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Provision for receivables impairment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Receivables written off</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Reversal of unutilized provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December 31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-33 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group maintains a provision for impairment of a portion of trade receivables when collection becomes
doubtful. The Group estimates anticipated losses from doubtful accounts based upon the expected collectability of all accounts receivables, which takes into account the number of days past due, collection history, identification of specific customer
exposure, and current economic trends. An impairment loss on trade receivables is calculated as the difference between the carrying amount and the present value of the estimated future cash flow. Impairment losses are charged to general and
administrative expense in the consolidated statement of operations. Receivables for which an impairment provision was recognized are written off against the provision when it is deemed uncollectible. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The maximum exposure to credit risk at the reporting date is the carrying value of each class of receivables mentioned above. The Group does not hold any
collateral as security. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Issued share capital and other reserves </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group has incentive stock option plans under which options
to subscribe to the Company&#146;s share capital have been granted to executives and certain employees. Options exercised under these plans have been settled via the issuance of new shares. As at December&nbsp;31, 2015 and 2016, the authorized and
subscribed share capital was comprised of 10,075,044 shares at a par value &#128;0.025 each. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;13, 2012, the Group entered into an equity
financing agreement with new and existing shareholders for the issuance of 105,103 shares for total gross proceeds of &#128;79&nbsp;million and incurred transaction costs of &#128;3&nbsp;million in addition to the shares received, the new investors
also received contingent options that provided downside protection (meaning that the new investors are eligible to receive additional shares at certain valuations in the event of certain triggering events such as a trade sale, public listing, or
liquidation). The contingent options were determined to be embedded derivatives which required separation from the equity issuance. The contingent options recognized as a derivative liability upon issuance were valued at &#128;39&nbsp;million at
December&nbsp;31, 2012. Refer to Note&nbsp;22. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;20, 2013, the Group entered into an equity financing agreement with new investors for the
issuance of 205,829 shares. On December&nbsp;19, 2013, the first closing occurred and the Group issued 139,604 shares for total gross proceeds of &#128;123&nbsp;million and incurred transaction costs of &#128;2&nbsp;million. The second closing
occurred on January&nbsp;17, 2014, whereby 66,225 shares were issued for total gross proceeds of &#128;58&nbsp;million. In addition to the shares received in December 2013, the new investors also received contingent options that provided downside
protection (meaning that the new investors are eligible to receive additional shares at certain valuations in the event of certain triggering events such as a trade sale, public listing, or liquidation). The contingent options were determined to be
embedded derivatives, which required separation from the equity issuance. The contingent options recognized as a derivative liability upon issuance were valued at &#128;31&nbsp;million at December&nbsp;31, 2013. Refer to Note&nbsp;22. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On April&nbsp;17, June&nbsp;9, and July&nbsp;15, 2015, the Group entered into an equity financing agreement with new and existing shareholders for the
issuance of 237,122 shares for total gross proceeds of &#128;479&nbsp;million and incurred transaction costs of &#128;5&nbsp;million. In addition to the shares received, the new investors also received contingent options that provided downside
protection (meaning that the new investors are eligible to receive additional shares at certain valuations in the event of certain triggering events such as a trade sale, public listing, or liquidation). The contingent options were determined to be
embedded derivatives, which required separation from the equity issuance. The contingent options are recognized as a derivative liability and were valued at &#128;87&nbsp;million upon issuance. For further details, please see Note&nbsp;22. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-34 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On October&nbsp;17, 2016, the Group issued, for &#128;27&nbsp;million in cash, warrants to acquire 128,000
ordinary shares to certain members of key management. The exercise price of each warrant is US$2,024.40, which was equal to 1.2 times the fair market value of ordinary shares on the date of issuance. The warrants are exercisable at any time through
October&nbsp;17, 2019. For further details, please see Note&nbsp;22. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No dividends were paid during the year or are proposed. All shares have equal rights
to vote at general meetings. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other reserves </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Currency translation</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Currency translation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Available for sale financial assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unrealized losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Share-based payments</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>47</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>77</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share-based payments (Note&nbsp;17)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Income tax impact associated with share-based payments (Note&nbsp;10)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>77</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>130</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>85</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>122</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Currency translation reserve comprises foreign exchange differences arising from the translation of the financial statements
of foreign operations into the reporting currency. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Available for sale financial assets reserve recognizes the unrealized fair value gains and losses on
current asset investments held as available for sale. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Share-based payments reserve recognizes the grant date fair value of equity-settled awards provided
to employees as part of their remuneration. For further details, please see Note&nbsp;17. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Share-based payments </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Employee Share Option Plans </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the Employee Share Option Plans (&#147;ESOP&#148;), share options of the Company are granted to executives and certain employees of the Group. For
options granted prior to January&nbsp;1, 2016, the exercise price is equal to the fair value of the shares on grant date for employees in the United States and for U.S. citizens and fair value less 30% for the rest of the world. The value of the
discount is included in the grant date fair value of the award. For options granted thereafter, the exercise price of the options is equal to the fair value of the shares on grant date </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-35 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">for all employees. Generally, the first vesting period (13.5%&nbsp;&#150;&nbsp;25% of the initial grant) is
up to one year from the grant date and subsequently vests at a rate of 6.25% each quarter until fully vested. The exercise price for options is payable in the EUR value of a fixed USD amount; therefore, the Group considers these awards to be <FONT
STYLE="white-space:nowrap">USD-denominated.</FONT> The options are generally granted with a term of 5&nbsp;years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the Group&#146;s
acquisition of Echo Nest in March of 2014, the Group assumed Echo Nest&#146;s equity incentive plan and issued replacement awards, the Group issued 11,454 stock options at a weighted-average exercise price of US$282 to replace previously held Echo
Nest equity awards. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Restricted Stock Awards </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
connection with the Group&#146;s acquisition of Echo Nest in March of 2014, the Group issued 3,968 restricted stock awards (RSAs) to certain Echo Nest employees. Vesting of the RSAs is contingent on continued employment of these employees. The
awards are accounted for as equity-settled share-based payment transactions. The RSAs vested annually over a <FONT STYLE="white-space:nowrap">two-year</FONT> period from the acquisition date. During 2016, the Group recorded share-based compensation
expense related to RSAs of &#128;0&nbsp;million (2015: &#128;1&nbsp;million). The valuation of the RSAs was consistent with the fair value of the ordinary shares further described in Note&nbsp;22. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Restricted Stock Unit Program </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During 2014, the Company
implemented Restricted Stock Unit (RSUs) program accounted for as equity-settled share-based payment transaction. RSUs are measured based on the fair market value of the underlying stock on the date of grant. The RSUs granted to participants under
the Program generally vest over&nbsp;three to five years. The vesting of certain RSUs could accelerate in the event of an IPO or other change in control event. During 2015 and 2016, the Group recorded share-based compensation expense related to
restricted stock units of &#128;8&nbsp;million and &#128;5&nbsp;million, respectively. The valuation of the RSUs was consistent with the fair value of the ordinary shares further described in Note&nbsp;22. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Activity in the RSUs and RSAs outstanding and related information is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="54%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>RSU</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>RSA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>RSUs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Weighted</B><br><B>average</B><br><B>grant&nbsp;date</B><br><B>fair value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>RSAs</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Weighted</B><br><B>average</B><br><B>grant&nbsp;date</B><br><B>fair value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>US$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>US$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Outstanding at January&nbsp;1, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21,238</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,215</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3,968</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>956</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Granted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,961</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Forfeited</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,723</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vested</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,789</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,984</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">956</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Outstanding at December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15,687</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,311</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,984</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>956</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Granted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,402</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,674</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Forfeited</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,500</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vested</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,052</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,301</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,984</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">956</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Outstanding at December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,537</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,469</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-36 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Activity in the share options outstanding and related information is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>ESOP</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B><FONT STYLE="white-space:nowrap">Non-employee</FONT> options</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>options</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Weighted</B><br><B>average</B><br><B>exercise&nbsp;price</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>options</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Weighted</B><br><B>average</B><br><B>exercise&nbsp;price</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>US$</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"><B>&#128;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Outstanding at January&nbsp;1, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>174,319</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>510</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>101,740</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>97</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Granted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,691</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Forfeited</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7,922</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">801</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(101,740</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(97</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exercised</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(17,785</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">377</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expired</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,500</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Outstanding at December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>229,803</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>912</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Granted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150,509</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,676</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Forfeited</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,814</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,441</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exercised</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(91,537</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">406</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expired</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,549</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">837</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Outstanding at December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>274,412</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,475</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Exercisable at December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>123,180</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>527</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Exercisable at December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>94,125</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,199</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The weighted-average contractual life for the share options outstanding at December&nbsp;31, 2015 and 2016 is 2.5&nbsp;years
and 3.4&nbsp;years, respectively. The weighted-average share price at exercise for options exercised during 2015 and 2016 was US$1,744 and US$1,682, respectively. The weighted-average fair value of options granted during the year ended
December&nbsp;31, 2015 and 2016 was US$623 per option and US$524 per option, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The share options outstanding are comprised of the following:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>options</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Weighted</B><br><B>average</B><br><B>remaining</B><br><B>contractual</B><br><B>life</B><br><B>(years)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of</B><br><B>options</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Weighted</B><br><B>average</B><br><B>remaining</B><br><B>contractual</B><br><B>life</B><br><B>(years)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Range of exercise prices (US$)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Below 1,600</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165,260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,277</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">1,600&nbsp;&#150;&nbsp;1,700</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,704</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">158,003</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Above 1,700</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,839</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>229,803</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2.5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>274,412</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3.4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In determining the fair value of the employee share-based awards, the Group uses the Black-Scholes option-pricing model. The
Company does not anticipate paying any cash dividends in the near future and therefore uses an expected dividend yield of&nbsp;zero&nbsp;in the option valuation model. The expected volatility is based on the historical volatility of public companies
that are comparable to the Group over the expected term of the award. The risk-free rate is based on U.S. Treasury <FONT STYLE="white-space:nowrap">zero-coupon</FONT> rates as the exercise price is based on a fixed USD amount. The expected life of
the share options is based on historical data and current expectations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-37 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table lists the inputs to the Black-Scholes option-pricing models used for employee share-based
payments for the years ended December&nbsp;31, 2015 and 2016: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expected volatility (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.4&nbsp;&#150;&nbsp;55.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.9&nbsp;&#150;&nbsp;45.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Risk-free interest rate (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.9&nbsp;&#150;&nbsp;1.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.8&nbsp;&#150;&nbsp;1.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expected life of share options (years)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.8&nbsp;&#150;&nbsp;5.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.5&nbsp;&#150;&nbsp;5.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Weighted-average share price (US$)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,448&nbsp;&#150;&nbsp;1,860</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,648&nbsp;&#150;&nbsp;1,776</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Valuation assumptions are determined at each grant date and, as a result, are likely to change for share-based awards granted
in future periods. Changes to the input assumptions could materially affect the estimated fair value of share-based payment awards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The sensitivity
analysis below shows the impact of increasing and decreasing expected volatility by 10% as well as the impact of increasing and decreasing the expected life by one year. This analysis was performed on stock options granted in 2016. The following
table shows the impact of these changes on stock option expense for the options granted in 2016: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="17%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Actual stock option expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stock option expense increase (decrease) under the following assumption changes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Volatility decreased by 10%</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Volatility increase by 10%</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expected life decrease by 1&nbsp;year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expected life increase by 1&nbsp;year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The expense recognized in the consolidated statement of operations for employee share-based payments is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cost of revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Research and development</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">General and administrative</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>28</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>53</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>18.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Convertible notes and borrowings </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Convertible Notes </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On April&nbsp;1, 2016, the Group issued US$1,000&nbsp;million principal amount of Convertible Notes due in 2021. The notes were issued at par and bear interest
of 5.0% <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">payment-in-kind</FONT></FONT> interest increasing by 100 basis points every six months after two years. Upon a specified conversion event occurring, the Convertible Notes will
convert into ordinary shares at a conversion rate reflecting a conversion price equal to the lesser of a price cap per share or a discount of 20.0% to the per share price of the Company&#146;s ordinary shares. If a specified conversion event has not
occurred within twelve months, the discount will increase by 250 basis points and then again, every six months thereafter until a specified conversion event has occurred. A direct listing is not considered a specified
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-38 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">conversion event. The terms also include change of control clauses where the notes holders have the option to
convert into ordinary shares. At maturity, if the notes have not yet been converted or repaid, note holders will receive cash in an amount equal to the original principal amount plus 10% annualized return. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group accounts for the Convertible Notes in accordance with IAS&nbsp;39, <I>Financial Instruments: Recognition and Measurement</I>, &#145;fair value
option&#146;. Under this approach, the Convertible Notes are accounted for in its entirety at fair value through profit or loss (initial recognition). The transaction costs of approximately US$20&nbsp;million were effectively immediately expensed in
finance costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Convertible Note agreements include certain affirmative covenants, including the delivery of audited consolidated financial statements
to the holders. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Finance lease liabilities </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total
borrowings include finance lease liabilities. Lease liabilities are effectively secured as the rights to the leased asset revert to the lessor in the event of default. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Gross finance lease liabilities&nbsp;&#150; minimum lease payments:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Not later than one year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Later than one year but not more than 5&nbsp;years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Future finance charges on finance lease liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Present value of finance lease liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The present value of finance lease liabilities is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">No later than 1&nbsp;year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Later than 1&nbsp;year and no later than 5&nbsp;years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Undrawn borrowing facilities </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;23, 2013, the Group signed a Revolving Credit Facility with a group of lenders. The facility provided for maximum borrowings, of
US$200&nbsp;million. The total facility was available for issuance under a revolving loan and US$20&nbsp;million was available for a swingline loan. The interest rates per annum under the facility were based on floating rates of interest measured by
reference to an adjusted Prime rate, Federal Funds rate, London inter-bank offered rate (LIBOR), or Euro inter-bank offered rate (EURIBOR). The Group incurred loan origination fees of approximately US$2&nbsp;million, which were deferred and
amortized to finance costs over the term of the facility. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Revolving Credit Facility was terminated on April&nbsp;7, 2016. The Group had no borrowings
under the senior revolving credit facility at the time of its termination. No early termination penalties were incurred by the Group as a result of the termination. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-39 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group incurred financing costs and commitment fees, of &#128;1&nbsp;million in 2015 and 2016,
respectively, inclusive of loan origination amortization and unused commitment fees. Upon termination of the facility, the Group wrote off the remaining unamortized loan origination costs. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>19.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Trade and other payables </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade payables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">139</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Value added tax and sales taxes payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other current liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>119</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>201</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Trade payables generally have a <FONT STYLE="white-space:nowrap">30-day</FONT> term and are recognized and carried at their
invoiced value, inclusive of any value added tax that may be applicable. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>20.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Accrued expenses and other liabilities </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I><FONT STYLE="white-space:nowrap">Non-current</FONT></I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deferred rent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Borrowings (Note&nbsp;18)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other accrued liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I>Current</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued fees to rights holders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">377</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">562</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued salaries, vacation, and related taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued social charge for options and RSUs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Borrowings (Note&nbsp;18)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other accrued expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>485</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>673</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>501</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>683</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-40 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>21.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Provisions </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The changes in the Group&#146;s provisions were as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Legal</B><br><B>contingencies</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Onerous</B><br><B>contracts</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Other</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Carrying amount at January&nbsp;1, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged/(credited) to the consolidated statement of operations:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Reversal of unutilized amounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Utilized</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Carrying amount at December&nbsp;31, 2015</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Charged/(credited) to the consolidated statement of operations:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Additional provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Reversal of unutilized amounts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Utilized</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Carrying amount at December&nbsp;31, 2016</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>61</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>As at December&nbsp;31, 2015:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current portion</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-current</FONT> portion</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>As at December&nbsp;31, 2016:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Current portion</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>49</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>57</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-current</FONT> portion</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Provision for legal contingencies </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Various legal actions, proceedings, and claims are pending or may be instituted or asserted against the Group. The results of such legal proceedings are
difficult to predict and the extent of the Group&#146;s financial exposure is difficult to estimate. The Group records a provision for contingent losses when it is both probable that a liability has been incurred and the amount of the loss can be
reasonably estimated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Between December 2015 and January 2016, two putative class action lawsuits were filed against Spotify USA Inc. in the U.S. District
Court for the Central District of California, alleging that we unlawfully reproduced and distributed musical compositions without obtaining licenses. These cases were subsequently consolidated in May 2016 and transferred to the U.S. District Court
for the Southern District of New York in October 2016, as <I>Ferrick et&nbsp;al. v. Spotify USA Inc</I>.,<I>
</I>No<I>.&nbsp;</I><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1:16-cv-8412-AJN</FONT></FONT></FONT> (S.D.N.Y). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Provision for onerous contracts </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Onerous contracts
represent promotion campaigns for Premium subscriptions and a specific partner contract where the unavoidable cost of meeting the obligations exceeds the expected revenue. The costs associated with the provisions are recognized as either sales and
marketing or cost of revenue. During 2015, the Group established a track record demonstrating that promotion campaigns did not result in onerous contracts and released the Premium subscription provision. The Group expects the majority of this
provision to be consumed within two years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-41 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Other </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group has obligations under lease agreements to return the leased assets to their original condition. An obligation to remove the improvement upon
expiration of the lease is accounted for as asset retirement obligations. The obligations are expected to be settled at the end of the lease terms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indirect tax provisions relate primarily to potential <FONT STYLE="white-space:nowrap">non-income</FONT> tax obligations in various jurisdictions. The Group
recognizes provisions for claims or indirect taxes when it determines that an unfavorable outcome is probable and the amount of loss can be reasonably estimated. These provisions are recognized as general and administrative expenses. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>22.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial risk management and financial instruments </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financial risk management </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group&#146;s operations are exposed to financing and financial risks, which are managed under the control and supervision of the Board of Directors of the
Company. To manage these risks efficiently, the Group has established guidelines in the form of a treasury policy that serves as a framework for the daily financial operations. The treasury policy stipulates the rules and limitations for the
management of financial risks. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Financial risk management is centralized within Treasury who are responsible for the management of financing and financial
risks. Treasury manages and executes the financial management activities, including monitoring the exposure of financial risks, cash management, and maintaining a liquidity reserve, and it provides certain financial services to the Group&#146;s
entities. Treasury operates within the limits and policies authorized by the Board of Directors. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Capital management </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group&#146;s objectives when managing capital (cash and cash equivalents, short term investments, equity, and Convertible Notes) is to safeguard the
Group&#146;s ability to continue as a going concern in order to provide returns for shareholders and to maintain an optimal capital structure to reduce the cost of capital. The Group&#146;s capital structure and dividend policy is decided by the
Board of Directors. Treasury continuously reviews the Group&#146;s capital structure considering, amongst other things, market conditions, financial flexibility, business risk, and growth rate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group is not subject to any externally imposed capital requirements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Credit risk management </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Financial assets carry an element
of risk that counterparties may be unable to fulfill their obligations. This exposure arises from the investments in liquid funds of banks and other counterparties. The Group mitigates this risk by adopting a risk adverse approach in relation to the
investment of surplus cash. The main objectives for investments are first, to preserve principal and secondarily, to maximize return given the rules and limitations of the treasury policy. Surplus cash is invested in counterparties and instruments
considered to carry low credit risk. Investments are subject to credit rating thresholds and at the time of investment, no more than 10% of surplus cash can be invested in any one issuer (excluding certain government bonds and investments in cash
management banks). The weighted-average maturity of the portfolio shall not be greater than 2&nbsp;years, and the final maturity of any investment is not to exceed 5&nbsp;years. The Group shall maintain the ability to liquidate the majority of all
investments within 90&nbsp;days. At December&nbsp;31, 2016, the financial credit risk was equal to the consolidated statement of financial position value of cash and cash equivalents and short term investments of &#128;1,585&nbsp;million. No credit
losses were incurred during 2016 on investments. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-42 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The credit risk with respect to the Group&#146;s trade receivables is diversified geographically and among a
large number of customers, private individuals as well as companies in various industries, both public and private. The majority of the Group&#146;s revenue is paid in advance significantly lowering the credit risk incurred for these specific
counterparties. Solvency information is required for credit sales within the Ad sales and Partner subscription business to minimize the risk of bad debt losses and is based on information provided by credit and business information from external
sources. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Liquidity risk management </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Liquidity risk
is the Group&#146;s risk of not being able to meet the short term payment obligations due to insufficient funds. The Group has internal control processes and contingency plans for managing liquidity risk. A centralized cash pooling process enables
the Group to manage liquidity surpluses and deficits according to the actual needs at the group and subsidiary level. The liquidity management takes into account the maturities of financial assets and financial liabilities and estimates of cash
flows from operations. The Group strives to maintain more than &#128;100&nbsp;million equivalent available <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cash-in-hand</FONT></FONT> and to keep an Available Cash / Revenue ratio
above 20% in the longer term. Available Cash is defined as cash and cash equivalents including immediately available cash under credit facilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Group&#146;s policy is to have a strong liquidity position in terms of available cash and cash equivalents, short term investments, and/or unutilized committed credit facilities. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Liquidity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">830</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term deposits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">232</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash at bank and on hand</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">365</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">382</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total surplus liquidity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>597</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,585</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Committed credit facilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revolving credit facilities (limit amount)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total unutilized committed credit facilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>184</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Liquidity position</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>781</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,585</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Currency risk management </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Transaction exposure relates to business transactions denominated in foreign currency required by operations (purchasing and selling) and/or financing
(interest and amortization). The Group&#146;s general policy is to hedge transaction exposure on a case-by-case basis. During 2016, the Group had not entered into any hedging transactions. The Group is evaluating this policy on a continuous basis.
The Group strives, as far as possible, to mitigate its currency exposure in the USD denominated Convertible Notes by matching the balance with USD denominated cash and cash equivalents and short term investments creating a natural hedge. Translation
exposure relates to net investments in foreign operations. The Group does not conduct translation risk hedging. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>(i)</I></TD>
<TD ALIGN="left" VALIGN="top"><I>Transaction exposure sensitivity </I></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In most cases, the Group&#146;s customers are billed
in their respective local currency. Major payments, such as salaries, consultancy fees, and rental fees are settled in local currencies. Royalty payments are primarily in EUR and USD. Hence, the operational need to net purchase foreign currency is
primarily due to a deficit from such settlements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-43 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The table below shows the immediate impact on net income before tax of a 10% strengthening in
the closing exchange rate of significant currencies to which the Group had exposure, at December&nbsp;31, 2015 and 2016. The sensitivity associated with a 10% weakening of a particular currency would be equal and opposite. This assumes that each
currency moves in isolation. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>SEK</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>AUD</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>EUR</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>GBP</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>USD</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>(Increase)/decrease in loss before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>SEK</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>AUD</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>EUR</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>GBP</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>USD</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>(Increase)/decrease in loss before tax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(36</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(31</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>(ii)</I></TD>
<TD ALIGN="left" VALIGN="top"><I>Translation exposure sensitivity </I></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The positive impact on the Group&#146;s equity would
be approximately &#128;28&nbsp;million and &#128;40&nbsp;million if the EUR weakened by 10% against all translation exposure currencies, based on the exposure at December&nbsp;31, 2015 and 2016, respectively. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Interest rate risk management </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Interest rate risk is the
risk that changes in interest rates will have a negative impact on the Group&#146;s earnings and cash flow. The fair value of the Group&#146;s Convertible Notes is dependent on market interest rates, which may negatively impact earnings. The
Convertible Notes are remeasured at each reporting date using valuation models using input data, which includes market interest rates. Changes in the fair value of the Convertible Notes are recognized in finance income or cost in the consolidated
statement of operations. An increase in market interest rates will decrease the value of the Convertible Notes. The Group has not entered into any hedging arrangement to mitigate these fluctuations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group&#146;s exposure to interest rate risk also is related to its interest-bearing assets, primarily its available for sale debt securities. Fluctuations
in interest rates impact the yield of the investment. The sensitivity analysis considered the historical volatility of short term interest rates and determined that it was reasonably possible that a change of 100 basis points could be experienced in
the near term. A hypothetical 100 basis points increase in interest rates would have impacted interest income by &#128;6&nbsp;million for the year ended December&nbsp;31, 2016. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Financing risk management </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group finances its
operations through external borrowings, equity, and cash flow from operations. The funding strategy has been to diversify funding sources. Currently the external debt consists of the convertible notes and finance leases. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Share price risk management </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Share price risk is the risk
that the fair value or future cash flows of a financial instrument will fluctuate due to changes in the fair value of the Company&#146;s common share price. The Group&#146;s exposure to this risk relates primarily to the contingent options arising
from financing activities and the outstanding warrants. These contingent options and warrants are remeasured at each reporting date using valuation models using input data based on the Company&#146;s share price. Changes in the fair value of these
instruments are recognized in finance income or cost. An increase of share price will decrease the value of the contingent options and an increase in the value of the warrants. The Group has not entered into any hedging arrangement to mitigate these
fluctuations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-44 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Management of insurable risks </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Insurance coverage is governed by corporate guidelines and includes a common package of different property and liability insurance programs. The business is
responsible for assessing the risks to decide the extent of actual coverage. Treasury manages the common Group insurance programs. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Financial
instruments </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Fair values </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Set out below is a
comparison of the carrying amounts and fair values of financial assets and liabilities. The carrying amounts of certain financial instruments, including cash and cash equivalents, trade and other receivables, restricted cash, trade and other
payables, and accrued expenses approximate fair value due to their relatively short maturities. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Carrying</B><br><B>value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fair<BR>value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Carrying</B><br><B>value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fair<BR>value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in &#128; millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Financial assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">755</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">755</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade and other receivables (Note&nbsp;15)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term investments:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Government securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">262</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">262</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agency securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Corporate notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Collateralized reverse purchase agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restricted cash (Note&nbsp;14)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>861</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>861</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,906</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,906</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Financial liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fair value through profit or loss:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible notes (Note&nbsp;18)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Derivatives (not designated for hedging):</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Contingent options (Note&nbsp;16)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Warrants (Note&nbsp;16)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade and other payables (Note&nbsp;19)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accrued expenses and other liabilities (Note&nbsp;20)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">674</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">674</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>691</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>691</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,115</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>2,115</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been
defined in Note&nbsp;2. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As at December&nbsp;31, 2015, the Group held the following classes of financial instruments measured at fair value: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>Financial assets and liabilities by fair value hierarchy level</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Level&nbsp;1</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Level&nbsp;2</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Level&nbsp;3</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Financial liabilities at fair value</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Derivatives (not designated for hedging):</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Contingent options</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total financial liabilities at fair value by level</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>82</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>82</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-45 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As at December&nbsp;31, 2016, the Group held the following classes of financial instruments measured at fair
value: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>Financial assets and liabilities by fair value hierarchy level</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Level&nbsp;1</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Level&nbsp;2</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Level&nbsp;3</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Financial assets at fair value</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Available for sale financial assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term investments:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Government securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">262</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agency securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Corporate notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Collateralized reverse purchase agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total financial assets at fair value by level</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>830</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>248</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>582</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Financial liabilities at fair value</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fair value through profit or loss:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Derivatives (not designated for hedging):</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Contingent options</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Warrants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total financial liabilities at fair value by level</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,240</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,240</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group&#146;s policy is to recognize transfers into and transfers out of fair value hierarchy levels at the end of the
reporting period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the years ended December&nbsp;31, 2015 and 2016 there were no transfers between levels in the fair value hierarchy. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Recurring fair value measurements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following sections
describe the valuation methodologies the Group uses to measure the Level 3 financial instruments at fair value on a recurring basis. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Fair value of
ordinary shares </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The valuation of certain items in the consolidated financial statements is consistent with the Group&#146;s use of the Probability
Weighted Expected Return Method (&#147;PWERM&#148;) to value its own shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The fair value of the ordinary shares is determined using the PWERM, which
is one of the recommended valuation methods to measure fair value in privately held companies with complex equity structures in the American Institute of Certified Public Accountants Practice Guide, <I>Valuation of Privately-Held-Company Equity
Securities Issued as Compensation</I>. Under this method, discrete future outcomes, including as a public company, <FONT STYLE="white-space:nowrap">non-public</FONT> company scenarios, and a merger or sale, are weighted based on estimates of the
probability of each scenario. In the Group&#146;s application of this method, five different future scenarios are identified (high and low case public company, high and low case transaction, and private company). For each scenario, an equity value
is calculated based on revenue multiples, derived from listed peer companies, which are applied on different (scenario-dependent) forecasted revenues. For the private company scenario, a discounted cash flow method also is considered in determining
the equity value. Common share values are weighted by the probability of each scenario in the valuation model. In addition, an appropriate discount adjustment is incorporated to recognize the lack of marketability due to being a closely held entity.
Finally, the impact on the share value of recent financing and secondary trading are considered. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-46 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The valuations weighted the different scenarios as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Market Approach&nbsp;&#150; High Case Public Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20&nbsp;&#150;&nbsp;25</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Market Approach&nbsp;&#150; Low Case Public Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35&nbsp;&#150;&nbsp;40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Market Approach&nbsp;&#150; High Case Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Market Approach&nbsp;&#150; Low Case Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Private Case&nbsp;&#150; Income and Market Approaches</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The key assumptions used to estimate the fair value of the ordinary shares and contingent options using the PWERM are as
follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Revenue multiple used to estimate enterprise value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.5&nbsp;&#150;&nbsp;4.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.0&nbsp;&#150;&nbsp;3.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Discount rate (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.0&nbsp;&#150;&nbsp;14.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.0&nbsp;&#150;&nbsp;19.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Volatility (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.0&nbsp;&#150;&nbsp;45.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.0&nbsp;&#150;&nbsp;47.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Contingent options </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Group&#146;s derivatives include contingent options that provide investors associated with the equity financings with downside protection. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The contingent
options are measured on a recurring basis in the consolidated statement of financial position and are Level&nbsp;3 financial instruments recognized at fair value through the consolidated statement of operations. The contingent options are valued
using the models that include the value of the Company&#146;s ordinary shares, including the assumptions for probability scenarios and PWERM as determined above. The key assumptions used to estimate the fair value of the options using the PWERM are
consistent with those noted above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under each scenario, the Group computed the difference between a)&nbsp;the value of the new shares, valued with the
embedded contingent options and b)&nbsp;the common shares, valued without the embedded contingent options (&#147;Common Shares&#148;) to derive an indication of the value of the contingent options for each scenario. The differential between new
shares and the Common Shares were discounted, where appropriate, to present value to arrive at an indication of the value of the contingent options for each scenario at the valuation date. Finally, the indicated values under each scenario were
weighted based on the weightings noted above to determine the indicated value of the contingent options. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The impact on the fair value of the contingent
options of using reasonably possible alternative assumptions with an increase or a decrease of share price of 10% results in a range of &#128;80&nbsp;million to &#128;122&nbsp;million (2015: &#128;72&nbsp;million to &#128;102 million) at
December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below presents the changes in the contingent options liability as at December&nbsp;31: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>82</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity financing transactions&nbsp;&#150; contingent options</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">(Gain)/loss recognized in profit or loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>82</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-47 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The contingent options liability is included in derivative liabilities on the consolidated statement of
financial position. The change in estimated fair value is recognized within finance income or costs in the consolidated statement of operations. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Warrants </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On October&nbsp;17, 2016, the Company sold, for
&#128;27&nbsp;million, warrants to acquire 128,000 shares of its common stock to certain holders that are employees and management of the Group. The exercise price of each warrant is US$2,024, which was equal to 1.2 times the fair market value of
ordinary shares on the date of issuance. The warrants are exercisable at any time through October&nbsp;17, 2019. The warrants are measured on a recurring basis in the consolidated statement of financial position and are Level&nbsp;3 financial
instruments recognized at fair value through the consolidated statement of operations. The warrants are valued using a Black-Scholes option-pricing model, which includes inputs determined from models that include the value of the Company&#146;s
ordinary shares, as determined above and additional assumptions used to estimate the fair value of the warrants in the option pricing model as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expected term (years)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.85&nbsp;&#150;&nbsp;2.09</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Risk free rate (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.77&nbsp;&#150;&nbsp;1.14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Volatility (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.0&nbsp;&#150;&nbsp;37.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share price (US$)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,687&nbsp;&#150;&nbsp;1776</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below presents the changes in the warrants liability as at December&nbsp;31: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Issuance of warrants for cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss recognized in profit or loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>34</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The warrants liability is included in derivative liabilities on the consolidated statement of financial position. The change
in estimated fair value is recognized within finance costs in the consolidated statement of operations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The sensitivity analysis below calculates the
impact of increasing and decreasing expected volatility by 10% as well as the impact of increasing or decreasing the expected term by half a year. The following table shows the impact of these changes on finance costs. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="18%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Actual change in fair value recognized within finance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Warrants fair value adjustments increase (decrease) under the following assumption
changes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Volatility decreased by 10%</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Volatility increase by 10%</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expected term decrease by 0.5&nbsp;year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expected term increase by 0.5&nbsp;year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The impact on the fair value of the warrants of using reasonably possible alternative assumptions with an increase or a
decrease of share price of 10% results in a range of &#128;21&nbsp;million to &#128;43&nbsp;million at December&nbsp;31, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-48 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Convertible Notes </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Convertible Notes are measured on a recurring basis in the consolidated statement of financial position and are Level&nbsp;3 financial instruments
recognized at fair value through the consolidated statement of operations. The fair value of the debt was determined based on consideration and weighting of two future scenarios, a Near Term Exit (where the debt is convertible into ordinary shares
in the case of a qualifying event), and a Private Company Case. All components of the debt under the Near Term Exit and Private Company Case, with the exception of the share cap, which assumes a risk-free discount rate, were discounted at the
implied rate on the date of issuance plus the chosen benchmark rate. The calculation under the Private Company Case, assumes the debt is repaid at maturity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A binomial option pricing model was used to assess the value of the Price Cap Derivative. The key assumptions, including the weighting of the different
scenarios and those used in the valuing the Price Cap Derivative, were as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Case&nbsp;&#150; Near Term Exit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Case&nbsp;&#150; Private Company Case</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Risk-free rate (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.6&nbsp;&#150;&nbsp;0.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Discount rate (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.4&nbsp;&#150;&nbsp;17.0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Volatility (%)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35.0&nbsp;&#150;&nbsp;42.5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below presents the changes in the Convertible Notes as at December&nbsp;31: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="13%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At January&nbsp;1</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>&#151;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loan financing transaction&nbsp;&#150; Convertible Notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">861</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Loss recognized in profit or loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">245</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>At December&nbsp;31</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,106</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The change in estimated fair value is recognized within finance costs in the consolidated statement of operations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The sensitivity analysis below calculates the impact of increasing or decreasing the expected underlying interest rate by 100 basis points. The following
table shows the impact of this change on finance costs. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="16%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Actual change in fair value recognized within finance costs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">245</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible Notes fair value adjustments increase (decrease) under the following assumption
changes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Discount rate decreased by 100 basis points</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Discount rate increased by 100 basis points</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The impact on the fair value of the Convertible Notes of using reasonably possible alternative assumptions with an increase or
decrease in share price of 10% results in a range of &#128;1,115&nbsp;million to &#128;1,101&nbsp;million at December&nbsp;31, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-49 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>23.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Commitments and contingencies </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Obligations under leases </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group leases certain properties under <FONT STYLE="white-space:nowrap">non-cancellable</FONT> operating lease agreements. The lease terms are between one
and ten years, and the majority of the lease agreements are renewable at the end of the lease period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The future minimum lease payments under <FONT
STYLE="white-space:nowrap">non-cancellable</FONT> operating leases are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Not later than one year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Later than one year but not more than 5&nbsp;years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">More than 5&nbsp;years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>209</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>212</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total lease expenses were &#128;14&nbsp;million and &#128;19&nbsp;million for the years ended December&nbsp;31, 2015 and 2016,
respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group also has finance leases for various items of equipment. The obligations under finance leases are secured by the lessor&#146;s
title to the leased assets. Future minimum lease payments under finance leases and hire purchase contracts, together with the present value of the net minimum lease payments, are disclosed in Note&nbsp;18. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Commitments </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group is subject to minimum royalty
payments associated with its license agreements. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Not later than one year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Later than one year but not more than 5&nbsp;years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;36</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;40</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contingencies </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Various
legal actions, proceedings, and claims are pending or may be instituted or asserted against the Group. These may include but are not limited to matters arising out of alleged infringement of intellectual property; alleged violations of consumer
regulations; employment-related matters; and disputes arising out of supplier and other contractual relationships. As a general matter, the music and other content made available on the Group&#146;s service are licensed to the Group by various third
parties. Many of these licenses allow rights holders to&nbsp;audit the Group&#146;s&nbsp;royalty payments, and any such audit could result in disputes over whether the Group has paid the proper royalties. If such a dispute were to occur, the Group
could be required to pay additional royalties, and the amounts involved could be material.&nbsp;The Group expenses legal fees as incurred. The Group records a provision for contingent losses when it is both probable that a liability has been
incurred and the amount of the loss can be reasonably estimated. An unfavorable outcome to any legal matter, if material, could have an adverse effect on the Group&#146;s operations or its financial position, liquidity, or results of operations.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-50 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>24.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Related party transactions </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Key management compensation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Key management includes members of the Company&#146;s executive committee and the board of directors. The compensation paid or payable to key management for
Board and employee services includes their participation in share-based compensation arrangements. The disclosure amounts are based on the expense recognized in the consolidated statement of operations in the respective year. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><B>(in&nbsp;&#128;&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Key management compensation</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Short term employee benefits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Share-based payments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Post-employment benefits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Termination benefits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>25</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>24</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As noted in Note&nbsp;16, the Company issued warrants to acquire ordinary shares to certain members of key management of the
Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On April&nbsp;1, 2016, the Group issued and sold the Convertible Notes to, among others, Rivers Cross Trust, an entity wholly-owned by
Mr.&nbsp;McCarthy, the Group&#146;s Chief Financial Officer. The original principal amount purchased by Rivers Cross Trust was approximately US$0.2 million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group recognized partner revenues from its associate in Soundtrack Your Brand Sweden AB of &#128;1&nbsp;million and &#128;2&nbsp;million during years
ended December&nbsp;31, 2015 and 2016, respectively. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>25.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Group information </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s principal subsidiaries as at December&nbsp;31, 2016 are as
follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>Name</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>Principal activities</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Proportion&nbsp;of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>voting rights</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>and
shares</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>held (directly</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>or indirectly)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Country of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>incorporation</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify AB</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Main operating company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Sweden</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify USA Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">USA operating company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">USA</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Ltd</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales,&nbsp;marketing and customer support</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">UK</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Norway AS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Norway</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Spain S.L.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Spain</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify GmbH</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Germany</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify France SAS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">France</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Sweden AB</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Sweden</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Netherlands B.V.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Netherlands</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Canada Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Canada</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Australia Pty Ltd</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sales and marketing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Australia</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There are no restrictions on the net assets of the Group companies. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-51 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to the 2016 consolidated financial statements </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Information about associates and joint ventures </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group holds an equity interest in Soundtrack Your Brand Sweden AB, this interest was diluted in December 2016 from 30.7% to 26.5% resulting from a
financing round in which the Group did not participate. The total assets and net assets of Soundtrack Your Brand Sweden AB are not material to the Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Group <FONT STYLE="white-space:nowrap">co-founded</FONT> a joint arrangement, Symposium Stockholm AB (Symposium), in 2015. In December 2016, the Group
divested its interest in Symposium to its joint arrangement partner. This did not have a material impact on the Group&#146;s consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F-52 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Spotify Technology, S.A. </B></P>
<P STYLE="margin-top:100pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ordinary Shares </B></P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g70b56.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:100pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Prospectus </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:100pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Until&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, a
prospectus may be required to be delivered to the extent transactions are effected in these securities. </P>
<P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2018 </B></P>
<P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:4.5pt;margin-top:0pt;margin-bottom:2pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART II </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;6. Indemnification of Directors and Officers </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The registrant will indemnify its directors and officers, to the fullest possible extent permitted under Luxembourg law, from and against any
liabilities arising out of or in connection with their services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The registrant will provide directors&#146; and officers&#146; liability
insurance for its directors and officers against certain liabilities, which they may incur in connection with their activities on behalf of the registrant. The registrant intends to expand their insurance coverage against such liabilities, including
by providing for coverage against liabilities under the Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">However, no indemnification will be provided against any
liability to the registrant&#146;s directors or officers (i)&nbsp;by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties of a director or officer, (ii)&nbsp;with respect to any matter as to which any
director or officer shall have been finally adjudicated to have acted in bad faith and not in the interest of the registrant, or (iii)&nbsp;in the event of a settlement, unless approved by a court or the board of directors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;7. Recent Sales Of Unregistered Securities </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Since January&nbsp;1, 2015, we have made the following sales of unregistered securities: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Plan-Related Issuances </I></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2015 through December&nbsp;31, 2015, we granted to our officers and employees options to purchase 83,691 ordinary shares with per share exercise prices ranging from $1,013.60 to $1,860.00 under our
2015 employee stock option program. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2015 through December&nbsp;31, 2015, we issued to our officers and employees an aggregate of 17,785 ordinary shares at per share purchase prices ranging from $62.09 to $1,448.00 pursuant to
exercises of options granted under our various employee stock option programs. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2015 through December&nbsp;31, 2015, we granted to our directors, officers and employees an aggregate of 2,961 RSUs to be settled in ordinary shares under our various RSU plans. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2015 through December&nbsp;31, 2015, we issued to our directors, officers and employees an aggregate of 2,789 ordinary shares at par value pursuant to vested RSUs under our various RSU plans.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2016 through December&nbsp;31, 2016, we granted to our officers and employees options to purchase 150,509 ordinary shares with per share exercise prices ranging from $1,648.00 to $1,776.00 under our
2016 employee stock option program. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2016 through December&nbsp;31, 2016, we issued to our officers and employees an aggregate of 91,537 ordinary shares at per share purchase prices ranging from $65.53 to $1,860 pursuant to exercises
of options granted under our various employee stock option programs. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2016 through December&nbsp;31, 2016, we granted to our directors, officers and employees an aggregate of 4,402 RSUs to be settled in ordinary shares under our various RSU plans. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2016 through December&nbsp;31, 2016, we issued to our directors, officers and employees an aggregate of 4,052 ordinary shares at par value pursuant to vested RSUs under our various RSU plans.
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2017 through December 31, 2017, we granted to our officers and employees options to purchase 145,488 ordinary shares with per share exercise prices ranging from $2,028.00 to $3,626.00 under our 2017
employee stock option program. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2017 through December 31, 2017, we issued to our officers and employees an aggregate of 35,563 ordinary shares at per share purchase prices ranging from $62.09 to $2,620.00 pursuant to exercises of
options granted under our various employee stock option programs. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2017 through December 31, 2017, we granted to our directors, officers and employees an aggregate of 2,023 RSUs to be settled in ordinary shares under our various RSU plans. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January&nbsp;1, 2017 through December 31, 2017, we issued to our directors an aggregate of 7,514 ordinary shares at par value pursuant to vested RSUs under our various RSU plans. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From January 1, 2018 through January 22, 2018, we issued to our officers and employees an aggregate of 3,575 ordinary shares at per share purchase prices ranging from $65.53 to $2,620 pursuant to exercises of options
granted under our various employee stock option programs. </TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Acquisition-Related Issuances </I></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On May&nbsp;4, 2017, we issued to three individuals an aggregate of 812 ordinary shares in connection with our acquisition of all the outstanding shares of a company. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On November&nbsp;16, 2017, we issued to 14 individuals and 37 entities an aggregate of 11,786 ordinary shares in connection with our acquisition of all the outstanding shares of a company. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Other Issuances </I></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On April&nbsp;28, 2015, June&nbsp;10, 2015, June&nbsp;24, 2015, and July&nbsp;15, 2015, we issued to three individuals and 29 entities an aggregate of 237,122 ordinary shares at per share purchase prices ranging from
&#128;1,961.98 to &#128;2,051.94 in connection with a private placement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On March&nbsp;24, 2016, we entered into a convertible note purchase agreement, pursuant to which, on April&nbsp;1, 2016, we issued and sold to various accredited investors $1,000&nbsp;million aggregate principal amount
of Convertible Notes, as further described in &#147;Part I&#151;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#151;Indebtedness&#151;Description of Convertible Notes.&#148; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On December 14, 2017, pursuant to the Tencent Exchange, we issued to seven entities an aggregate of 120,000 ordinary shares in exchange for an aggregate of $301 million of Convertible Notes, plus accrued interest.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On December 15, 2017, pursuant to the Tencent Transactions, we issued to an affiliate of TME an aggregate of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ordinary
shares in exchange for
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On December 27, 2017, pursuant to the December Exchange, we issued to five accredited investors in our Convertible Notes an aggregate of 43,874 ordinary shares in exchange for an aggregate of $110 million of Convertible
Notes, plus accrued interest. </TD></TR></TABLE>  <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unless otherwise stated, the sales of the above securities were deemed to be exempt from
registration under the Securities Act in reliance upon Section&nbsp;4(a)(2) of the Securities Act (or Regulation D or Regulation S promulgated thereunder), or Rule 701 promulgated under Section&nbsp;3(b) of the Securities Act as transactions by an
issuer not involving any public offering or pursuant to benefit plans and contracts relating to compensation as provided under Rule 701. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8. Exhibits And Financial Statement Schedules </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(a) Exhibits </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following are filed as
exhibits hereto: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD WIDTH="91%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:25.30pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amended and Restated Articles of Association of Spotify Technology S.A. (English Translation), as currently in effect.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;5.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Arendt&nbsp;&amp; Medernach SA.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;8.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Latham &amp; Watkins LLP as to U.S. tax matters.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;8.2*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Arendt &amp; Medernach SA as to Luxembourg tax matters.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Terms and Conditions for Warrants 2016 in Spotify Technology S.A.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Terms and Conditions for Warrants 2017 in Spotify Technology S.A.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Employee Stock Options 2017/2022 in Spotify Technology S.A., dated December&nbsp;2, 2016.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Employee Stock Options 2016/2021 in Spotify Technology S.A., dated January&nbsp;1, 2016.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.5*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Employee Stock Options 2015/2020 in Spotify Technology S.A., dated March&nbsp;1, 2015.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.6*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Employee Stock Options 2014/2019 in Spotify Technology S.A., dated March&nbsp;1, 2014.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.7*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Employee Stock Options 2013/2018 in Spotify Technology S.A., dated March&nbsp;1, 2013.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.8*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Employee Stock Options 2012/2017 in Spotify Technology S.A., dated June&nbsp;1, 2012.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.9*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Employee Stock Options 2011/2016 in Spotify Technology S.A., dated June&nbsp;1, 2011.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.10*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Restricted Stock Units 2017/2022 in Spotify Technology S.A., dated June&nbsp;1, 2017.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.11*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Restricted Stock Units 2016/2021 in Spotify Technology S.A., dated June&nbsp;1, 2015.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.12*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Restricted Stock Units 2015/2020 in Spotify Technology S.A., dated June&nbsp;1, 2015.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.13*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Terms and Conditions Governing Restricted Stock Units 2014/2019 in Spotify Technology S.A., dated October&nbsp;1, 2014.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.14**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">The Echo Nest Corporation 2007 Stock Option and Grant Plan.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.15**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Incentive Stock Option Agreement under The Echo Nest Corporation 2007 Stock Option and Grant Plan, by and between The Echo Nest Corporation and optionees.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.16</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Notice of Conversion of Echo Nest Stock Options, by and between Spotify Technology S.A. and certain employees.</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="91%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:25.30pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.17**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Restricted Consideration Agreement, by and between Spotify Technology S.A. and restricted sellers.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.18*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Specimen Share Certificate for Spotify Technology S.A. Ordinary Shares.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.19</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Subscription Agreement by and among Tencent Music Entertainment Group, Tencent Music Entertainment Hong Kong Limited, Spotify Technology S.A. and Spotify AB, dated as of December&nbsp;8, 2017.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.20</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Investor Agreement by and among Spotify Technology S.A., Tencent Music Entertainment Group, Tencent Music Entertainment Hong Kong Limited, Tencent Holdings Limited, Image Frame Investment (HK) Limited and with respect to certain
sections only, D.G.E. Investments LTD and Rosello Company Limited, dated as of December&nbsp;15, 2017.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.21</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Exchange Agreement by and among Spotify Technology S.A. and the noteholders party thereto, dated as of December 8, 2017.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.22</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Exchange Agreement by and among Spotify Technology S.A. and the noteholders party thereto, dated as of December 27, 2017.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.23*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Exchange Agreement by and among Spotify Technology S.A. and the noteholders party thereto, dated as of January 29, 2018.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.24&#134;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Digital Distribution Agreement by and between Sony Music Entertainment and Spotify AB, effective as of April&nbsp;1, 2017.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.25&#134;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Amendment to Digital Distribution Agreement by and between Sony Music Entertainment and Spotify AB, effective as of April 11, 2017.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.26&#134;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Second Amendment to Digital Distribution Agreement by and between Sony Music Entertainment and Spotify AB, effective as of April 1, 2017.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>21.1**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">List of Subsidiaries.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Arendt&nbsp;&amp; Medernach SA.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.2*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Ernst&nbsp;&amp; Young AB.</TD></TR>
</TABLE>  <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#134;</TD>
<TD ALIGN="left" VALIGN="top">Confidential treatment requested as to certain portions, which portions have been omitted and filed separately with the SEC. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">To be filed by amendment. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">**</TD>
<TD ALIGN="left" VALIGN="top">Previously filed. </TD></TR></TABLE>  <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(b) Financial Statement Schedules </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">All schedules have been omitted because the information required to be set forth therein is not applicable or is shown in the financial
statements or notes thereto. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9. Undertakings </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned registrant hereby undertakes: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) To file, during any period in which offers or sales are being made, a post-effective amendment to the registration statement: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) To include any prospectus required by section 10(a)(3) of the Securities Act; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) To file a post-effective amendment to the registration statement to include any financial
statements required by &#147;Item 8.A. of Form <FONT STYLE="white-space:nowrap">20-F&#148;</FONT> at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by
Section&nbsp;10(a)(3) of the Act need not be furnished, provided that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (4)&nbsp;and other information
necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5)
That, for the purpose of determining liability under the Securities Act to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule
430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration
statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a
purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior
to such date of first use; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors,
officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form <FONT STYLE="white-space:nowrap">F-1</FONT> and has duly caused the registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New
York on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="84%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Spotify Technology S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;Daniel Ek</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;Chief Executive Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*** </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, the registration statement has
been signed by the following persons in the capacities and on the dates indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="26%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:33.30pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Signature</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:15.95pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Title</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Date</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Daniel Ek</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief Executive Officer, Chairman,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">and
Director</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(Principal Executive Officer)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Barry McCarthy</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief Financial Officer</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Principal Financial
Officer and</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Principal Accounting Officer)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Martin Lorentzon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Christopher Marshall</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Shishir Mehrotra</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Heidi O&#146;Neill</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Ted Sarandos</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Thomas Staggs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Cristina Stenbeck</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Padmasree Warrior</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AUTHORIZED REPRESENTATIVE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, the registrant&#146;s duly authorized representative has signed the registration
statement on Form <FONT STYLE="white-space:nowrap">F-1,</FONT> in the City of New York, State of New York on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="84%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;Barry McCarthy</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;Authorized Representative in the</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;United States</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">II-8 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>filename2.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.16</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:92%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.16 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g494294dsp81.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Name </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Address </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Address </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notice of Conversion of Echo Nest Stock Options </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear FIRST
NAME: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As you may know, Spotify Technology S.A. (&#147;<U>Spotify</U>&#148;), The Echo Nest Corporation (&#147;<U>Echo Nest</U>&#148;) and certain other
parties completed a transaction on March&nbsp;11, 2014 pursuant to which Echo Nest became a wholly-owned subsidiary of Spotify (the &#147;<U>Transaction</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our records indicate that, immediately prior to the Transaction, you were the holder of the options to purchase Echo Nest common stock that are listed on
Exhibit A hereto under the heading &#147;Echo Nest Stock Options&#148; (&#147;<U>Echo Nest Options</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As a result of the Transaction, all of
your Echo Nest Options were assumed by Spotify and automatically converted into options to purchase shares of Spotify common stock (&#147;<U>Converted Spotify Options</U>&#148;). The Converted Spotify Options have substantially the same terms and
conditions as applied to the corresponding Echo Nest Options immediately prior to the completion of the Transaction under the terms of The Echo Nest Corporation 2007 Stock Option and Grant Plan and the applicable award agreement (the &#147;<U>Award
Documents</U>&#148;), except that (i)&nbsp;the Converted Spotify Options will become exercisable for the number of shares of Spotify common stock, at the <FONT STYLE="white-space:nowrap">per-share</FONT> exercise price and with the applicable
vesting schedule set forth on Exhibit A hereto under the heading &#147;Converted Spotify Stock Options&#148; and (ii)&nbsp;the shares of Spotify common stock that you receive upon the exercise of the Converted Spotify Options will be subject to all
of the terms and conditions of the shareholder agreement attached as Exhibit B hereto (the &#147;<U>Shareholder Agreement</U>&#148;) and will no longer be subject to the Award Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You hereby acknowledge and agree that (i)&nbsp;immediately prior to the completion of the Transaction, you were the holder of the Echo Nest Options listed on
Exhibit A hereto under the heading &#147;Echo Nest Stock Options&#148; and you did not then hold any other options involving the equity of Echo Nest, (ii)&nbsp;you did not transfer or otherwise agree or promise to transfer any of your right, title
or interest in or to any of the Echo Nest Options and you held them free and clear of all liens as of the completion of the Transaction and (iii)&nbsp;if you do not duly execute and deliver the Shareholder Agreement prior to the exercise of any
Converted Spotify Option, all of your Converted Spotify Options will be automatically cancelled and forfeited without the payment of any consideration to you. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page Follows]
</P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:5%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g494294dsp82.jpg" ALT="LOGO">
 </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:92%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g494294dsp81.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please sign and return the enclosed copy of this letter and the Shareholder Agreement to me by DATE to acknowledge your
acceptance of the foregoing. If you have any questions please do not hesitate to contact me at PHONE NUMBER or EMAIL. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[NAME] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[TITLE] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I accept the terms of this letter. I am not relying on any other representations than as set out in this letter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;Date:
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">FIRST NAME LAST NAME
</P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:5%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g494294dsp82.jpg" ALT="LOGO">
 </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:92%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g494294dsp81.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Echo Nest Options </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="17%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:38.85pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Grant Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exercise Price</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number Granted</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number Outstanding</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Expiration Date</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;, 201&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">[NUMBER]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">[NUMBER]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 20&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;, 201&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">[NUMBER]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">[NUMBER]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 20&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Converted Spotify Stock Options </U></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="26%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="23%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="23%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="22%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:48.60pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Exercise Price</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number Outstanding (1)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Vesting Schedule (2)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Expiration Date</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[NUMBER]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Currently&nbsp;Vested:&nbsp;[NUMBER]</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[DATE]:&nbsp;[NUMBER&nbsp;VESTING]</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[DATE]:&nbsp;[NUMBER&nbsp;VESTING]</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[DATE]:&nbsp;[NUMBER&nbsp;VESTING]</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">[ETC.]</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 20&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[NUMBER]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Currently&nbsp;Vested:&nbsp;[NUMBER]</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[DATE]:&nbsp;[NUMBER&nbsp;VESTING]</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[DATE]:&nbsp;[NUMBER&nbsp;VESTING]</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[DATE]:&nbsp;[NUMBER&nbsp;VESTING]</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">[ETC.]</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 20&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="27" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Any fractional shares will be settled in cash at the time of exercise. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="27" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">The vesting of the Converted Spotify Stock Options is subject to all of the terms and conditions of The Echo Nest Corporation 2007 Stock Option and Grant Plan and the applicable award agreement.
</TD></TR></TABLE></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:5%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g494294dsp82.jpg" ALT="LOGO">
 </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:92%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g494294dsp81.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit B
</U></B></P></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:5%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g494294dsp82.jpg" ALT="LOGO">
 </P></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><B>SHAREHOLDER AGREEMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Subject to any adherence pursuant to Section&nbsp;2.8, this shareholder agreement (this &#147;<B>Agreement</B>&#148;) is is effective as of
Effective Time of the Agreement and Plan of Merger (as defined therein) by and among the Company, the Holder and certain other parties thereto and made between: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><B>SPOTIFY TECHNOLOGY S.A.</B>, a <I>soci&eacute;t&eacute; anonyme</I> incorporated under the laws of Luxembourg, with registered office at 18,
rue de l&#146;Eau, L-1449 Luxembourg and registered with the Luxembourg Trade and Companies Register under number B&nbsp;123&nbsp;052 (the &#147;<B>Company</B>&#148;); and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><B>THE HOLDER</B>, whose name, Registration No., physical address and email address are set out at the end of this Agreement (the
&#147;<B>Holder</B>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">The Company and the Holder are jointly referred to in this Agreement as the &#147;<B>Parties</B>,&#148; each a
&#147;<B>Party</B>.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><B>BACKGROUND </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">A.</TD>
<TD ALIGN="left" VALIGN="top">The Holder is or will acquire Shares in the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">B.</TD>
<TD ALIGN="left" VALIGN="top">In this Agreement, the Parties wish to set forth certain of the Holder&#146;s rights and obligations as a holder of Shares in the Company. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>DEF</B>I<B>N</B>I<B>T</B>I<B>ONS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">&#147;<B>Fair Market Value</B>&#148; means the fair
market value of one or several (as the case may be) Shares as agreed or determined pursuant to Section 3. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">&#147;<B>IPO</B>&#148; means the
initial public offering of shares of the Company with the listing of such shares on an internationally recognized stock exchange or similar market place of recognized national standing (excluding, for the avoidance of doubt, private secondary
markets or similar). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">&#147;<B>Majority Shareholders</B>&#148; means the shareholders of the Company who from time to time are parties to
such shareholders&#146; agreement which, vis-a-vis other single shareholders&#146; agreements relating to Shares, covers the largest number of Shares (or, if several shareholders&#146; agreements cover the same number of Shares, the parties to all
such agreements). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">&#147;<B>Material Breach</B>&#148; means (i)&nbsp;a material breach of any of the Holder&#146;s obligations under
Sections 2.1, 2.2, 2.3, 2.5, 2.6, and 8.1, and (ii)&nbsp;a breach of any other obligation under this Agreement if such breach is reasonably likely to have a material adverse effect on the Company and/or a Majority Shareholder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">&#147;<B>Shares</B>&#148; means shares in the Company. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>TRANSFER OF SECURITIES, PLEDGE</B>S<B> ETC</B><B>.</B><B> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B></B>2.1<B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>General restriction on transfers </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Unless otherwise provided for in this Section&nbsp;2,
the Holder shall maintain legal and beneficial ownership of his/her/its Shares once issued, to the effect that he/she/it shall neither directly nor indirectly transfer, pledge, mortgage, charge or otherwise dispose of or encumber, or grant any
option or right over, any Shares held by him/her/it. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B></B>2.2<B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>Right of first refusal </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.1</TD>
<TD ALIGN="left" VALIGN="top">The Holder may transfer all or some of his/her Shares to a third party in a bona fide transaction other than in the event of an IPO or pursuant to Sections 2.3 or 2.4, <U>provided</U> that the Holder first offers these
Shares to the Company or to any third party designated by the Company (an &#147;<B>Appointee</B>&#148;) in accordance with this Section&nbsp;2.2; and <U>provided</U> <U>further</U> that the Holder&#146;s offer is an offer to transfer no less than
twenty-five percent (25%)&nbsp;of the Shares then held by such Holder. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.2</TD>
<TD ALIGN="left" VALIGN="top">The Holder must serve written notice (the &#147;<B>Notice</B>&#148;) substantially in the form set out in <U>Schedule 1</U> (<I>Notice of Proposed Transfer</I>) to the Company, setting out: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the identity, contact details (including address, phone number and email address) and ultimate owner (if any) of the proposed transferee (the &#147;<B>Proposed Transferee</B>&#148;); </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the number of Shares proposed to be transferred (the &#147;<B>Transferred Shares</B>&#148;); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">the proposed transfer price per Share as well as the other terms and conditions for the transfer (the &#147;<B>Proposed Transfer </B><B>Terms</B>&#148;); and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">the proposed transfer date (the &#147;<B>Proposed Transfer Date</B>&#148;), </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">such Notice to be
served to the Company no later than thirty (30)&nbsp;calendar days prior to the Proposed Transfer Date. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.3</TD>
<TD ALIGN="left" VALIGN="top">The Company and/or any Appointee shall have the exclusive right to acquire the Transferred Shares on the same economic terms and, with respect to non-economic terms, on terms not less favourable, in the aggregate, than
the Proposed Transfer Terms (the &#147;<B>Offer</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.4</TD>
<TD ALIGN="left" VALIGN="top">The Company and/or any Appointee may accept to acquire all but not less than all of the Transferred Shares (&#147;<B>Accepted Shares</B>&#148;), to be allocated among the Company and/or any Appointee as decided by the
Company in its sole discretion. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.5</TD>
<TD ALIGN="left" VALIGN="top">The price for any Accepted Shares shall be the price proposed in the Proposed Transfer Terms. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.6</TD>
<TD ALIGN="left" VALIGN="top">The Company shall on its own and on any Appointee&#146;s behalf notify the Holder in writing of whether the Offer is accepted or rejected (the &#147;<B>Confirmation Notice</B>&#148;). If the Company does not serve a
Confirmation Notice within thirty (30)&nbsp;calendar days of its receipt of the Notice, the Company and any Appointee shall be deemed to have rejected the Offer. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.7</TD>
<TD ALIGN="left" VALIGN="top">The Company and/or any Appointee shall purchase the Accepted Shares acquired pursuant to this Section&nbsp;2.2 against the Holder&#146;s transfer of the Accepted Shares to the Company and/or the Appointee within
forty-five (45)&nbsp;calendar days from the Company&#146;s receipt of the Notice. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.8</TD>
<TD ALIGN="left" VALIGN="top">Subject to Section&nbsp;2.2.9, the Holder may transfer all, but not less than all, of the Transferred Shares that are not Accepted Shares to the Proposed Transferee, <U>provided</U> that such transfer:
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">is made no earlier than on the Proposed Transfer Date and no later than sixty (60)&nbsp;calendar days after rejection of the Offer by the Company; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">is not made on terms that are more favourable to the Proposed Transferee than the Proposed Transfer Terms. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.9</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the foregoing, the Holder may not transfer any Shares under this Section&nbsp;2.2 unless the Proposed Transferee prior to, or simultaneously with the transfer, has acceded, or accedes, to this Agreement
(as amended and supplemented from time to time) on the same terms and conditions as the Holder in accordance with Section&nbsp;2.8. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.10</TD>
<TD ALIGN="left" VALIGN="top">The Holder consents to the Company making a notation in its records and giving instructions to any transfer agent of the Shares in order to implement the restrictions on transfer set forth in this Section&nbsp;2.2. Any
transfer, or purported transfer, of Shares not made in compliance with this Section&nbsp;2.2 shall, to the extent lawfully possible, be null and void, shall not be recorded on the books of the Company and shall not be recognized by the Company. To
the extent Shares are certificated, the Company shall be empowered to include a legend denoting that such Shares are subject to such restrictions set forth in this Agreement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.11</TD>
<TD ALIGN="left" VALIGN="top">Without limitation of any other restriction on transfer and without regard to whether the right of first refusal set forth above is exercised, the Holder shall not, unless otherwise approved by the Company in writing,
offer, sell, transfer, or agree to offer, sell or transfer, any Shares if such offer, sale or transfer results in, or in the good faith judgment of the Company, materially increases the risk of, triggering any prospectus obligations, other public
filing obligations or any registration obligations for the Company under any applicable securities laws or regulations. Further, unless otherwise approved by the Company in writing, the Holder shall not offer, sell or transfer, or agree to offer,
sell or transfer, any Shares if such offer, sale or transfer is facilitated in a manner by any public posting, message board, trading portal, internet site, or similar method of communication, including without limitation, any trading portal or
internet site intended to facilitate secondary transfers of securities. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.12</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything to the contrary in this Section&nbsp;2 or elsewhere in this Agreement: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the provisions of Section&nbsp;2.2 shall not apply in the case of a Holder that is an entity upon a transfer by such Holder to (a)&nbsp;an Affiliate who at the time of the transfer is a party to this Agreement, or
(b)&nbsp;subject to the prior approval of the Company, not to be unreasonably withheld, conditioned or delayed, a transfer to any other Affiliate, <U>provided</U> that (i)&nbsp;with respect to (b), the Affiliate prior to the completion of the
transfer accedes to this Agreement (as amended and supplemented from time to time) on the same terms and conditions as Holder in accordance with Section 2.8, and (ii)&nbsp;with respect to (b), the Affiliate shall be obligated to retransfer its
Shares to Holder if and when it ceases to be an Affiliate of Holder, and (iii)&nbsp;with respect to (a), the Affiliate as from the date of completion of the transfer automatically shall assume all rights, obligations and liabilities of Holder. For
purposes of this Section&nbsp;2.2.12(a), &#147;<B>Affiliate</B>&#148; shall mean, with respect to a Holder, any person or entity who, directly or indirectly, controls, is controlled by, or is under common control with such Holder; or
</TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the Holder may not serve more than one Notice to the Company or otherwise exercise any of its rights pursuant to this Section&nbsp;2.2 more than one time during any twelve month period. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.2.13</TD>
<TD ALIGN="left" VALIGN="top">If any Holder becomes obligated to sell any Transferred Shares to the Company or any Appointee under this Section&nbsp;2.2 and fails to deliver such Transferred Shares in accordance with the terms of this
Section&nbsp;2.2, the Company and/or such Appointee may, at its option, in addition to all other remedies it may have (including pursuant to Section&nbsp;5 herein), send to the Holder the purchase price for such Transferred Shares as is herein
specified and transfer to the name of the Company or such Appointee on the Company&#146;s books any certificates, instruments, or book entry representing the Transferred Shares to be sold. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.3</TD>
<TD ALIGN="left" VALIGN="top"><B>Drag-along right</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.3.1</TD>
<TD ALIGN="left" VALIGN="top">In the event of a bona fide firm offer from an unaffiliated third party which, if consummated, would result in such third party owning at least fifty (50)&nbsp;per cent of all Shares then outstanding (regardless of the
form of transaction proposed in such offer), and <U>provided</U> that the Majority Shareholders accept such offer (or the Company certifies that the Majority Shareholders are required to accept the offer pursuant to an agreement among the Majority
Shareholders) (a &#147;<B>Trade Sale</B>&#148;), the Holder hereby irrevocably agrees, on written request by the Company, to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">transfer the same pro rata share of its Shares, on a fully diluted basis, as the transferring Majority Shareholders on substantially the same terms and conditions; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">if a shareholder approval is required, vote (in person, by proxy or by action by written consent, as applicable) all his/her/its Shares in favour of, and adopt, such Trade Sale or any measures required for its execution
and consummation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">execute and deliver all related documentation and take such other action in support of the Trade Sale as shall reasonably be requested by the Company and/or any Majority Shareholder; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">refrain from exercising any dissenters&#146; rights, rights of appraisal or similar rights under applicable law at any time with respect to such Trade Sale; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">in the event that the sellers, in connection with such Trade Sale, appoint a shareholder representative with respect to matters affecting the shareholders under the applicable definitive transaction agreements pending
and following consummation of such Trade Sale, consent to: (i)&nbsp;the appointment of such shareholder representative, (ii)&nbsp;the establishment of any applicable escrow, expense or similar account in connection with any indemnification, purchase
price adjustment or similar obligations, and (iii)&nbsp;the payment of such shareholder&#146;s pro rata portion (from the applicable escrow or expense account or otherwise) of any and all reasonable fees and expenses to such shareholder
representative in connection with its services and duties in connection with such Trade Sale. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.3.2</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the foregoing, Holder shall not be required to comply with Section&nbsp;2.3.1 in connection with any proposed Trade Sale unless: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">except as provided for in paragraph (b)&nbsp;below, the Holder shall not be liable for the inaccuracy of any representation or warranty made by any other person or entity in connection with such Trade Sale, other than
the Company; </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the liability for indemnification, if any, of the Holder in such Trade Sale and for the inaccuracy of any representations and warranties made by the Company or its stockholders in connection with such Trade Sale, is
several and not joint with any other person or entity (except to the extent that funds may be deposited in and paid out of an escrow established to cover breach of representations and warranties), and is pro rata in proportion to, and does not
exceed, the amount of consideration paid to the Holder in connection with such Trade Sale; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">liability shall be limited to the Holder&#146;s applicable share of a negotiated aggregate indemnification amount that applies equally to all stockholders of the Company participating in such Trade Sale but that in no
event exceeds the amount of consideration otherwise payable to the Holder in connection with such Trade Sale, except with respect to claims related to fraud or wilful misconduct by the Holder, the liability for which need not be limited as to the
Holder; </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman"><U>provided</U> that Holder agrees to be responsible for any additional reasonable costs incurred by the Company or
a Majority Shareholder directly related to ensuring that such Trade Sale complies with the conditions set forth in this Section&nbsp;2.3.2. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.4</TD>
<TD ALIGN="left" VALIGN="top"><B>Tag-along right</B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">In the event of a Trade Sale, the Company shall use its reasonable best
efforts to ensure that the Holder is given the opportunity to transfer the same pro rata share of its Shares, on a fully diluted basis, and on substantially the same terms and conditions as the transferring Majority Shareholders. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.5</TD>
<TD ALIGN="left" VALIGN="top"><B>IPO</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.5.1</TD>
<TD ALIGN="left" VALIGN="top">In connection with an IPO, the Holder undertakes to comply with any restrictions on sale (lock-up) or otherwise (such period not to exceed 180 days), imposed by the underwriters, the Company or the investment bank
involved in the IPO with respect to the Shares held by the Holder. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.5.2</TD>
<TD ALIGN="left" VALIGN="top">The Holder undertakes to execute and deliver any agreements that are consistent with this Section&nbsp;2.5 or that are necessary to give further effect thereto. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.6</TD>
<TD ALIGN="left" VALIGN="top"><B>Shares as individual property</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.6.1</TD>
<TD ALIGN="left" VALIGN="top">In the event the Holder is a private individual, the Holder shall ensure that his/her Shares always constitute individual property (Sw.<I> enskild egendom</I>). In the event the Holder dies during the term of this
Agreement and his/her estate, heirs, or beneficiaries do not declare themselves bound by this Agreement, such estate, heirs, or beneficiaries shall be obligated to immediately notify the Company in writing and offer the Holder&#146;s Shares to the
Company at Fair Market Value. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.6.2</TD>
<TD ALIGN="left" VALIGN="top">In the event that the Holder is a natural person and is hereafter deprived of some or all of his/her Shares through a division of marital property during marriage or in conjunction with a divorce, the Holder shall
immediately notify the Company in writing of this and shall use his or her reasonable best efforts to cause any person entitled to a portion of such Shares as a result of such division to accede to this Agreement (as amended and supplemented from
time to time) on the same terms and conditions as the Holder in accordance with Section&nbsp;2.9. Should the Holder fail to fulfil his or her obligations in accordance with the above, the Company shall be entitled, not later than six (6)&nbsp;months
from the date of the notification in respect of the division of property, to demand purchase of the Shares which have been transferred through the division from the spouse (whether former or not) at Fair Market Value. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B></B>2.7<B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>Information rights </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.7.1</TD>
<TD ALIGN="left" VALIGN="top">For as long as Holder owns Shares, upon Holder&#146;s written request to the Company, the Company shall provide such Holder with the financial information prepared in connection with the Company&#146;s most recent
annual shareholders&#146; meeting or any other financial information that such Holder is entitled to receive from the Company under applicable law. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B></B>2.8<B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>Adherence by an acquirer of Shares </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">All adherences to this Agreement made pursuant to
this Section&nbsp;2 shall be made substantially in the form set out in <U>Schedule 2</U> (<I>Form of Adherence Notice</I>), of which form section 1 shall be used by an acquirer being a private individual and section 2 shall be used by an acquirer
being a legal entity. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FAIR MARKET VALUE </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">3.1</TD>
<TD ALIGN="left" VALIGN="top">The Company shall, on its own initiative or when so required under this Agreement make, a first written proposal of, and seek to agree with the Holder (or his/her estate, heirs, beneficiaries or spouse (whether former
or not), as the case may be) as to, the Fair Market Value of a Share. If no such agreement has been reached within thirty (30)&nbsp;calendar days from the first written proposal, the Holder (or his/her estate, heirs, beneficiaries or spouse (whether
former or not), as the case may be) may within the following ten (10)&nbsp;calendar days request in writing that the Fair Market Value be determined by a reputable third party valuation firm of good standing appointed by the Company (a
&#147;<B>Valuer</B>&#148;), in its sole discretion. The Fair Market Value shall be deemed finally determined as set out in the Company&#146;s last written proposal for Fair Market Value if no written request is made by the Holder (or his/her estate,
heirs, beneficiaries or spouse (whether former or not), as the case may be) in accordance with the foregoing. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">3.2</TD>
<TD ALIGN="left" VALIGN="top">If the Holder (or his/her estate, heirs, beneficiaries or spouse (whether former or not), as the case may be) has reasonably requested that the Fair Market Value shall be determined by a Valuer, the following shall
apply: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">If a Valuer has issued a Company valuation within three (3)&nbsp;months prior to the date upon which the Company becomes entitled to purchase Shares at Fair Market Value pursuant to Section&nbsp;2.6 (an
&#147;<B>Existing Valuation</B>&#148;), such Existing Valuation shall be used to determine the Fair Market Value. Otherwise, the Company shall use reasonable efforts to procure that a Valuer is appointed within thirty (30)&nbsp;calendar days after
the valuation request and that such Valuer delivers its valuation (a &#147;<B>New Valuation</B>&#148;) within thirty (30)&nbsp;calendar days from being appointed. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">The result of the Existing Valuation or the New Valuation, as applicable, shall be furnished to the Holder (or his/her estate, heirs, beneficiaries or spouse (whether former or not), as the case may be) reasonably
promptly once available. The Fair Market Value shall be deemed finally determined when the Holder (or his/her estate, heirs, beneficiaries or spouse (whether former or not), as the case may be) receives such result and shall be final and binding on
the parties in the contemplated transfer in absence of manifest and material error or deviation from generally accepted market practice for such valuations in Sweden. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Any costs for a New Valuation shall be borne by the Company. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>RE-DOMICILIATION </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Anything in this Agreement to the contrary notwithstanding, if the
board of directors of the Company determines that it is in the best interests of the Company and/or the Spotify group, e.g. in connection with a possible IPO, to re-domicile the Company to a jurisdiction other than Luxembourg, whether by operation
of law, through a share exchange, whereby the Shares are exchanged for shares of a different entity establishing a new holding company structure, or other re-domiciliation arrangements, and if so requested by the Company in writing, the Holder
agrees to take any and all actions reasonably required in order to accomplish such a re-domiciliation, including without limitation executing and delivering all relevant documents, exchanging Shares for shares with equivalent rights in a new entity,
voting in favour of such a re-domiciliation at shareholders&#146; meetings or by written consent, and executing a new shareholders&#146; agreement on substantially the same terms as this Agreement. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>LIQUIDATED DAMAGES IN CASE OF A MATERIAL BREACH ETC. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">5.1</TD>
<TD ALIGN="left" VALIGN="top">If the Holder commits a Material Breach of any of its obligations under this Agreement, or any agreement (including applicable terms and conditions and any other part of the agreement) governing his/her/its
participation in the Company&#146;s incentive programmes, and the Material Breach has not been rectified within fifteen (15)&nbsp;calendar days from the date when he/she/it received a written demand for rectification: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the Holder shall upon written request by the Company pay to it liquidated damages in an aggregated amount corresponding to twenty-five (25)&nbsp;per cent of the aggregate Fair Market Value of all Shares held by
him/her/it immediately prior to the breach, </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">and </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the Company shall be entitled to acquire the Holder&#146;s Shares (or designate an Appointee to acquire the Holder&#146;s Shares), in which case the purchase price for the Shares shall be the lower of:
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the purchase price paid by the Holder upon acquiring Shares; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">the Fair Market Value; </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><U>provided</U> that the purchase price payable by the Company
pursuant to this paragraph (b)&nbsp;shall first be set off against any claim by the Company against the Holder under paragraph (a)&nbsp;and/or other claims as described in Section&nbsp;5.2. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">5.2</TD>
<TD ALIGN="left" VALIGN="top">The payment by the Holder of any liquidated damages or the Company&#146;s exercise of its right to acquire the Holder&#146;s Shares shall not affect the Company&#146;s right to pursue other remedies that it may have
against the Holder as a result of a breach, including claiming additional damages in excess of liquidated damages. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>CONFIDENTIALITY </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">6.1</TD>
<TD ALIGN="left" VALIGN="top">During the term of this Agreement, and for a period of five (5)&nbsp;years thereafter, the Holder may not, without the prior written approval from the Company, publish or otherwise disclose to any third party any
information of a confidential nature concerning the Company, or the Spotify group, its business or its shareholders that (i)&nbsp;he/she has received as a result of entering into this Agreement (including the existence and contents of this
Agreement) or otherwise being a shareholder of the Company, or (ii)&nbsp;is otherwise of a confidential nature (the &#147;<B>Confidential Information</B>&#148;). </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">6.2</TD>
<TD ALIGN="left" VALIGN="top">This confidentiality undertaking shall not apply if: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the Confidential Information already is in the public domain other than by breach of a confidentiality undertaking; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">a disclosure is required under any applicable law, relevant stock exchange regulations or order of court, other tribunal or competition authority; or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">the Confidential Information is disclosed to the Holder&#146;s (i)&nbsp;professional advisors who make no other use of the information than for advising him/her/it with respect to its investment in the Shares, and
(ii)&nbsp;if necessary for tax planning purposes, his/her spouse; <U>provided</U> that the Holder causes such recipient of information to observe the confidentiality undertakings herein and agrees to be responsible for any breach or threatened
breach of such obligations by any such recipient. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">6.3</TD>
<TD ALIGN="left" VALIGN="top">If the Holder becomes required, in circumstances contemplated in Section&nbsp;6.2(b) to disclose any information, he/she (i)&nbsp;shall inform such third party that such information is confidential and direct such third
party to maintain the confidentiality of such information, (ii) shall use his/her reasonable best efforts to consult with the Company prior to any such disclosure and (iii)&nbsp;shall take reasonable steps to minimize the extent of any such required
disclosure. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>M</B>I<B>SCELLANEOUS </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">7.1</TD>
<TD ALIGN="left" VALIGN="top">This Agreement becomes effective when duly signed by the Parties and is thereafter valid until the first day of trading in connection with an IPO or, if earlier, the tenth (10th)&nbsp;anniversary hereof. Other than
following an IPO, this Agreement will be automatically prolonged for one year at a time unless one of the Parties has given the other Party written notice of termination at least one year before the expiration of its term. The foregoing
notwithstanding, Sections 2.5, 5, 7 and 9 shall remain valid and binding on the Parties at all times. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">7.2</TD>
<TD ALIGN="left" VALIGN="top">The Act on Trading Companies and Partnerships (Sw.<I> lagen om handelsbolag och enkla bolag</I>) shall not apply to this Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">7.3</TD>
<TD ALIGN="left" VALIGN="top">The illegality, invalidity or unenforceability of any provision of this Agreement under the law of any jurisdiction shall not affect its legality, validity or enforceability of any other provision hereof, and any
illegal, invalid or unenforceable provision shall at the request of either Party be replaced by other provisions in accordance with the purpose and meaning of this Agreement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">7.4</TD>
<TD ALIGN="left" VALIGN="top">All notices, requests, demands and other communications under this Agreement shall be in the English language and in writing and addressed as set out in this Agreement or to such other address as the Party in question
has communicated to the other Party with five (5)&nbsp;business days&#146; notice. Each notice by the Holder to the Company shall be made, if by post, with attention to General Counsel or, if by e-mail, to <U>generalcounsel@spotify.com</U>. Should
any Party change any of its contact details, such Party shall promptly give written notice to that effect to the other Party. Any notice or other communication required or permitted under this Agreement shall be deemed to have been received by a
Party (i)&nbsp;if delivered by post, unless actually received earlier, on the fifth (5th)&nbsp;day (excluding Saturdays, Sundays or any day which is a public holiday in the sender&#146;s and/or the recipient&#146;s jurisdiction) after posting, or
(ii)&nbsp;if delivered by e-mail, on the day (excluding Saturdays, Sundays or any day which is a public holiday in the sender&#146;s and/or the recipient&#146;s jurisdiction) after the e-mail was sent. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>CHANGES TO THE PARTIES </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">8.1</TD>
<TD ALIGN="left" VALIGN="top">The Holder may not transfer or assign any of its rights or obligations under this Agreement without the prior written consent of the Company. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">8.2</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the foregoing, the Holder may without the consent of the Holder transfer or assign this Agreement to an affiliated company or to a Majority Shareholder, <U>provided</U> that the Company is notified in
writing by the Holder of the transferee&#146;s name and contact details prior to any such transfer or assignment; <U>provided</U> <U>further</U> that, in any case, no such transfer assignment shall relieve any party of any of its obligations
hereunder. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>GOVERNING LAW AND JURISDICTION </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">9.1</TD>
<TD ALIGN="left" VALIGN="top">Except as to matters with respect to Luxembourg corporate law, which shall be governed by Luxembourg corporate law, this Agreement shall be governed by the material laws of Sweden without regard to its rules on conflict
of laws. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">9.2</TD>
<TD ALIGN="left" VALIGN="top">The Parties undertake to use their reasonable efforts to resolve any disagreements or disputes regarding this Agreement between them or any two or more of them through discussions and mutual agreement.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">9.3</TD>
<TD ALIGN="left" VALIGN="top">Any dispute, controversy or claim arising out of or in connection with this Agreement, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the Arbitration Rules
of the Arbitration Institute of the Stockholm Chamber of Commerce. Unless otherwise agreed between the parties to such arbitration, the Arbitral Tribunal shall be composed of a sole arbitrator, the seat of arbitration shall be Stockholm and the
language to be used in the arbitral proceedings shall be English. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">9.4</TD>
<TD ALIGN="left" VALIGN="top">The arbitral proceedings and all information and documentation related thereto shall be confidential, unless a disclosure is required under any applicable law, relevant stock exchange regulations or order of court,
other tribunal or competition authority or as otherwise agreed between the Parties in writing. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Agreement has been signed in one (1)&nbsp;original, which the Holder has received, with a copy to the
Company. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="38%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="61%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>THE HOLDER</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Social&nbsp;Security&nbsp;No.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Address:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">E-mail:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Place:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[SIGNATURE PAGE TO SHAREHOLDER AGREEMENT] </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Agreement has been signed in one (1)&nbsp;original, which the Holder has received, with a copy to the
Company. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>THE COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">SPOTIFY TECHNOLOGY S.A.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Place:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[SIGNATURE PAGE TO SHAREHOLDER AGREEMENT] </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOTICE OF PROPOSED TRANSFER </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">TO:</TD>
<TD ALIGN="left" VALIGN="top">Spotify Technology S.A. (the &#147;<B>Company</B>&#148;), attention: General Counsel </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Sirs, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I refer to the shareholder agreement (the &#147;<B>Agreement</B>&#148;) made with the Company on
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> and relating to certain of my rights and obligations as a shareholder of the Company. Capitalized terms not specifically
defined in this notice shall have the meaning ascribed to them in the Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This is a Notice to inform the Company that I wish to transfer Shares to
a third party. For the purposes of Section&nbsp;2.2.2 of the Agreement, the details of the proposed transfer are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="67%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ROWSPAN="2"><I>Identity and contact details (including address, phone number and email address) of Proposed Transferee</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="right">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="right">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I>Ultimate owner of Proposed Transferee (if any)</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> /
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> <I>(a listed company)</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I>Proposed Number of Transferred Shares</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I>Proposed Transfer Terms </I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Price:
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> &#9744; EUR; &#9744; USD; &#9744; SEK;
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> per Share</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; Terms and conditions for transfer attached</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">&#9744; Description of terms and conditions (if not attached):</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I>Proposed Transfer Date</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (day);
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (month);
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (year)</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to Section&nbsp;2.2.3, I hereby offer the Company and any Appointee the exclusive right to acquire the Transferred
Shares on the same economic terms and, with respect to non-economic terms, on terms not less favourable, in the aggregate, than the Proposed Transfer Terms. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="right">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF ADHERENCE NOTICE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>TO BE COMPLETED BY AN ACQUIRER BEING A PRIVATE INDIVIDUAL </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Background </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Reference is made to the shareholder agreement entered into by the Company
and <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, on
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;<B>Agreement</B>&#148;). All capitalized terms in this notice shall have the same
meaning as ascribed to them in the Agreement. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Details of acquirer </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="67%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ROWSPAN="2"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Name and address</I></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><I>(the
&#147;</I><B><I>Holder</I></B><I>&#148;)</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="right">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="right">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Holder&#146;s personal</I></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><I>identification
number </I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><I>Holder&#146;s Citizenship </I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Holder&#146;s E-mail /</I></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><I>telephone
number</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> /
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.3</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Adherence </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">By delivery of this adherence notice, Holder agrees to be bound by the terms
and conditions of the Agreement in all respects. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Signature:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="right">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company hereby acknowledges receipt of the above adherence notice, agrees to its terms and confirms that
the Holder is, as of the date of this confirmation, a Party to the Agreement in accordance with the terms of the notice. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>THE COMPAN</B>Y<B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SPOTIFY TECHNOLOGY S.A. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:8pt; font-family:Times New Roman"><B>&nbsp;</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Place:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15(16) </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>TO BE COMPLETED BY AN ACQUIRER BEING A LEGAL ENTITY </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>2.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Background </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">Reference is made to the shareholder agreement entered into by the Company
and
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>,
on <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;<B>Agreement</B>&#148;). All capitalised terms in this notice shall have the same meaning as ascribed to
them in the Agreement. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>2.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Details of acquirer </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="75%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Registered name and</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>address (the &#147;</I><B><I>Holder</I></B><I>&#148;)</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Organization number</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Type of legal entity</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Incorporated in</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Ultimate owner</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> /
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (a listed company)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Contact person (title)</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
(<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><I>E-mail / telephone number</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> /
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>2.3</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Adherence </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">By delivery of this adherence notice, Holder agrees to be bound by the terms
and conditions of the Agreement in all respects. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company hereby acknowledges receipt of the above adherence notice, agrees to its terms and confirms that
the Holder is, as of the date of this confirmation, a Party to the Agreement in accordance with the terms of the notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>THE COMPANY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SPOTIFY TECHNOLOGY S.A. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Place:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>filename3.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.19</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT 10.19 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SUBSCRIPTION AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>by and among </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT
MUSIC ENTERTAINMENT GROUP, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC ENTERTAINMENT HONG KONG LIMITED, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPOTIFY TECHNOLOGY S.A. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>and </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPOTIFY AB
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DATED AS OF DECEMBER 8, 2017 </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-size:8pt"><B>Page</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article I Definitions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article II Issuance and Subscription of Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;2.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Issuance and Subscription of Acquired TME Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;2.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Issuance and Subscription of Acquired Spotify Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;2.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Closing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;2.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Closing Deliverables</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;2.05</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Issuance of Top-Up TME Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article III Representations and Warranties of TME</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Corporate Organization</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Authority</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Capitalization</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Governmental Authorization; Non-Contravention</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.05</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Control Documents</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.06</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">TME Financial Statements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.07</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Intellectual Property</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.08</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Litigation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.09</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Real Property</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Compliance with Laws and Permits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Tax Representations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Sufficiency of Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Employment Matters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.14</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Transaction with Affiliates</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.15</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Anticorruption Compliance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.16</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Compliance with Sanctions Laws</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.17</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Securities Matters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.18</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Investment Company</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.19</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Brokers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;3.20</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Non-Reliance on Estimates</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.21</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Other Representations or Warranties</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article IV Representations and Warranties of Spotify</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Corporate Organization</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Authority</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Capitalization</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Governmental Authorization; Non-Contravention</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.05</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Spotify Financial Statements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.06</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Intellectual Property</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.07</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Litigation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.08</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Real Property</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.09</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Compliance with Laws and Permits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Tax Representations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Employment Matters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Sufficiency of Assets</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Transaction with Affiliates</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.14</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Anticorruption Compliance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.15</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Compliance with Sanctions Laws</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.16</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Securities Matters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.17</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Investment Company</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.18</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Brokers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.19</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Non-Reliance on Estimates</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.20</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Other Representations or Warranties</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article V Covenants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Conduct of Business of TME Prior to Closing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Conduct of Business of Spotify Prior to Closing</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">TME Shareholders Meeting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Reasonable Best Efforts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.05</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Shareholders Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.06</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Confidentiality</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.07</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Tencent Hong Kong Secondary Purchase</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.08</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">TME Equity Offering and TME Shares Distribution</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article VI Conditions to Closing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 6.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Conditions to Obligations of Each Party</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 6.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Conditions to Obligations of the TME Parties</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 6.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Conditions to Obligations of the Spotify Parties</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article VII Indemnification</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Survival</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Indemnification</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Limitations on Indemnification</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Claims Procedure</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.05</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Satisfaction of Indemnification Obligations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.06</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Tax Treatment of Indemnification</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.07</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Exclusive Remedy</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.08</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Contingent Liabilities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.09</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Waiver of Contractual Representations and Warranties</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Duplication</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 7.11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Offset</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article VIII TERMINATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 8.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Termination</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 8.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Effect of Termination</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Article IX Miscellaneous</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Expenses and Taxes</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Publicity</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Amendment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Notices</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.05</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Waivers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.06</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Successors and Assignment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.07</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Third-Party Beneficiaries</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.08</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Severability</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.09</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Entire Understanding</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Governing Law</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Arbitration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Counterparts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Titles and Subtitles</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.14</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Specific Performance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.15</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Interpretation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 9.16</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Changes in Capital Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>EXHIBITS </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>EXHIBIT&nbsp;A</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Spotify Investor Agreement</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>EXHIBIT B</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of TME Investor Agreement</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>EXHIBIT C</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Restated Articles</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>EXHIBIT D</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Shareholders Agreement</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>EXHIBIT E</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Cayman Islands Counsel Legal Opinion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>EXHIBIT F</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Closing Certificate of TME</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>EXHIBIT G</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Luxembourg Counsel Legal Opinion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>EXHIBIT H</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Closing Certificate of Spotify</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iv </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Index of Defined Terms </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2015&amp;2016 TME Financial Statements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired Spotify Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Acquired TME Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Affiliate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anticorruption Laws</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Audited Spotify Financial Statements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Basket</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficial owner</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficial ownership</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficially own</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Beneficiary Certificates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Business Day</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Change in Recommendation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Confidentiality Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Contract</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Control Document</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Control Documents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible Notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">De Minimis Amount</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Direct Claim</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enforceability Limitations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">EUR or &#128;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Expert</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fully Diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fundamental Representations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Governing Documents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Government Official</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Governmental Body</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Governmental Consent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ICC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">IFRS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indemnified Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indemnifying Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Injunction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Intellectual Property Rights</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interim TME Financial Statements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Knowledge of Spotify</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Knowledge of TME</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Law</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lien</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Losses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Losses Estimate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC Sanctioned Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC Sanctions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Open Source Software</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Order</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ordinary Course of Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other Transaction Agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Participation Rights Issuance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Per Share Value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Per TME Share Price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Permits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Permitted Lien</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Person or person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PRC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Related Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Representatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Required Shareholder Approval</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Required Shareholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restated Articles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Indemnified Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SAFE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SDN List</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Secretary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Securities Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shareholders Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Significant Subsidiary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify AB</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Agent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Disclosure Letter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Financial Statements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Group Companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Investor Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Material Adverse Effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Shares Issuance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Shares Purchase Price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Termination Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Top-Up Options</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subsidiary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax Benefit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">v </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax Return</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Taxing Authority</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent Hong Kong Secondary Purchase</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Third Party Claim</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Agent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Board Recommendation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Disclosure Letter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Equity Offering</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Financial Statements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Group Companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Indemnified Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Investor Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Label Agreements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Material Adverse Effect</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Shareholders Meeting</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Shares Issuance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Shares Purchase Price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Termination Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Top-Up TME Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">U.S. Dollars or $</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">U.S. GAAP</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">U.S. Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Unaudited Spotify Financial Statements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Voting Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Willful Breach</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">vi </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SUBSCRIPTION AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This SUBSCRIPTION AGREEMENT (this &#147;<U>Agreement</U>&#148;) is made as of December&nbsp;8, 2017, by and among Tencent Music Entertainment
Group, an exempted company with limited liability incorporated under the laws of the Cayman Islands (&#147;<U>TME</U>&#148;), Tencent Music Entertainment Hong Kong Limited, a company incorporated under the laws of Hong&nbsp;Kong and a wholly-owned
Subsidiary of TME (&#147;<U>TME Hong Kong</U>&#148; and, together with TME, the &#147;<U>TME Parties</U>&#148;), Spotify Technology S.A., a public limited company (<I>soci&eacute;t&eacute; anonyme</I>) incorporated under the laws of Luxembourg,
having its registered office at 42-44 avenue de la Gare, L-1610 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B 123 052 (&#147;<U>Spotify</U>&#148;), and Spotify AB, a corporation incorporated under the
laws of Sweden and a wholly-owned Subsidiary of Spotify (&#147;<U>Spotify AB</U>&#148; and, together with Spotify, the &#147;<U>Spotify Parties</U>&#148;). Each of the TME Parties and the Spotify Parties is sometimes referred to herein,
individually, as a &#147;<U>Party</U>&#148; and, collectively with the other Parties, as the &#147;<U>Parties</U>.&#148; </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RECITALS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, upon the terms and subject to the conditions set forth in this Agreement, TME desires to issue to Spotify AB, and Spotify AB desires
to subscribe for, the Acquired TME Shares; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, upon the terms and subject to the conditions set forth in this Agreement, Spotify
desires to issue to TME Hong Kong, and TME Hong Kong desires to subscribe for, the Acquired Spotify Shares; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, upon consummation of
the issuance by TME to Spotify AB of the Acquired TME Shares, the Parties intend to enter into an Investor Agreement in the form attached as <U>Exhibit A</U> hereto (the &#147;<U>Spotify Investor Agreement</U>&#148;), which sets out the
Parties&#146; respective rights and obligations with respect to Spotify AB&#146;s investment in TME; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, upon consummation of the
issuance by Spotify to TME Hong Kong of the Acquired Spotify Shares, the Parties intend to enter into an Investor Agreement in the form attached as<U> Exhibit B</U> hereto (the &#147;<U>TME Investor Agreement</U>&#148;), which sets out the
Parties&#146; respective rights and obligations with respect to TME Hong Kong&#146;s investment in Spotify; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrently with
the execution of this Agreement, Spotify has entered into a Voting and Support Agreement, dated as of the date hereof (the &#147;<U>Voting Agreement</U>&#148; and, together with the Spotify Investor Agreement and the TME Investor Agreement, the
&#147;<U>Other Transaction Agreements</U>&#148;), with TME and certain shareholders of TME, pursuant to which, subject to the terms thereof, the shareholders of TME which are parties thereto have agreed, among other things to vote the TME Shares
held by them in favor of the approval of this Agreement and the transactions contemplated hereby and the adoption of the Restated Articles and to execute and deliver the Shareholders Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with the transactions contemplated by this Agreement, TME intends to declare a distribution to its existing
shareholders of a total of 255,185,879 TME Shares (the &#147;<U>TME Shares Distribution</U>&#148;) and, after giving effect to the waiver by Min River Investment Limited (&#147;<U>Min River</U>&#148;) and Spotify AB of their respective rights to
participate in the </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
TME Shares Distribution, intends to distribute a total of 88,726,036 TME Shares to the shareholders of TME (other than Min River and Spotify AB) in the TME Shares Distribution (the
&#147;<U>Distribution to Other Shareholders</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, following the consummation of the transactions contemplated by this
Agreement, TME Hong Kong will transfer to Image Frame Investment (HK) Limited, a company incorporated under the laws of Hong Kong and a wholly-owned Subsidiary of Tencent Holdings Limited (&#147;<U>Tencent Hong Kong</U>&#148;), a certain portion of
the Acquired Spotify Shares; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with the transactions contemplated by this Agreement, Tencent Hong Kong intends
to purchase from one or more holders of the Convertible Notes additional Spotify Shares, which will be issued to such holder(s) upon conversion of, or in exchange for, a portion of the Convertible Notes held by such holder(s) (such purchase, the
&#147;<U>Tencent Hong Kong Secondary Purchase</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE<B>,</B> in consideration of the mutual representations,
warranties, agreements and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article I </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>DEFINITIONS
</U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">For purposes of this Agreement, capitalized terms used herein but not defined elsewhere in this Agreement shall have the meanings set
forth in this <U>Article I</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; of any Person shall mean, as of any date, any Person that, directly or
indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such first Person. For purposes of this Agreement, a Person shall be deemed to &#147;control&#148; another Person if such first Person
possesses, directly or indirectly, the power to direct, or cause the direction of, the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise. For the avoidance of doubt, for
purposes of this Agreement, (i)&nbsp;none of the Spotify Parties or any of their respective Affiliates shall be deemed to be an Affiliate of the TME Parties or any of their respective Affiliates, and (ii) none of the TME Parties or any of their
respective Affiliates shall be deemed to be an Affiliate of the Spotify Parties or any of their respective Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Anticorruption Laws</U>&#148; shall mean Laws governing bribery and corruption, including the U.S. Foreign Corrupt Practices Act of
1977, as amended (15 U.S.C. &#167;&#167; 78a et seq. (1997 and 2000)), the UK Bribery Act 2010 and the anti-bribery and anticorruption Laws in the PRC (including the Criminal Law and Anti-Unfair Competition Law of the PRC). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>beneficial owner</U>&#148; and words of similar import (including &#147;<U>beneficially own</U>&#148; and &#147;<U>beneficial
ownership</U>&#148;) shall have the meaning assigned to such terms in Rule 13d-3 promulgated under the Exchange Act (or any comparable successor rule thereto). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Beneficiary Certificates</U>&#148; shall mean any beneficiary certificates issued or
to be issued by Spotify pursuant to the articles of association of Spotify and giving the holder(s) thereof additional voting power (without any economic rights attached thereto) in Spotify. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Day</U>&#148; shall mean any day of the year other than (i)&nbsp;any Saturday or Sunday or (ii)&nbsp;any other day on which
banks located in New York City, New York, United States of America, London, United Kingdom, Stockholm, Sweden, Luxembourg, Grand Duchy of Luxembourg, Hong Kong S.A.R., Shenzhen, PRC or the Cayman Islands are closed for business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Contract</U>&#148; shall mean any written or, if binding, oral contract, lease, easement, license, contract, commitment, agreement,
arrangement or understanding (other than any Permits). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Convertible Notes</U>&#148; shall mean the Convertible Senior Notes
issued by Spotify on April&nbsp;1, 2016 with an aggregate original principal amount of US$1 billion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>EUR</U>&#148; or
&#147;<U>&#128;</U>&#148; shall mean the currency of the European Union. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Exchange Act</U>&#148; shall mean the U.S. Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fully Diluted</U>&#148; shall mean, with
respect to the share capital of TME or Spotify, as applicable, the sum of (i)&nbsp;all shares of capital stock of such Person issued and outstanding as of the Closing, plus (ii)&nbsp;all shares of capital stock of such Person issuable upon exercise
of all options, warrants and other rights to purchase or otherwise acquire shares of capital stock of such Person granted, issued and outstanding as of the Closing, plus (iii)&nbsp;all shares of capital stock issuable upon conversion, exchange or
exercise of any securities of such Person that are convertible into, exchangeable or exercisable for shares of capital stock of such Person granted, issued and outstanding as of the Closing, and plus (iv)&nbsp;all restricted shares of such Person
granted, issued and outstanding as of the Closing;<U> provided</U>,<U> however</U>, that (A)&nbsp;with respect to any convertible debt securities of such Person, the shares of capital stock issuable upon conversion of such securities shall be
included in the calculation of the Fully Diluted share capital of such Person if the price per share of capital stock of such Person into which such securities are convertible as of the Closing (regardless of whether such securities are convertible
at that time) is greater than or equal to the applicable conversion price of such securities, in which case the number of shares of capital stock to be included in the calculation of the Fully Diluted share capital of such Person in respect of such
convertible debt securities will be calculated by dividing the total principal amount (plus any accrued payment-in-kind interest) of such securities by the applicable conversion price and (B)&nbsp;with respect to any options or warrants of such
Person, the number of shares of capital stock of such Person to be included in the calculation of the Fully Diluted share capital in respect of such options or warrants shall be the product of (x)&nbsp;a fraction, the numerator of which is the
excess (if any) of the price per share of capital stock of such Person as of the Closing over the weighted average exercise price per share of capital stock of such Person as of the Closing for all such options and warrants (regardless of whether
such options and/or warrants are exercisable at that time), and the denominator of which is the price per share of capital stock of such Person as of the Closing and (y)&nbsp;the total number of shares of capital stock of such Person issuable upon
exercise of all such options and warrants; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
<U>provided</U>,<U> further</U>, that with respect to Spotify, neither the Spotify Top-Up Options, nor the Convertible Notes (including any accrued payment-in-kind interest), nor any Beneficiary
Certificates shall be included for purposes of calculating the Fully Diluted share capital of Spotify. Notwithstanding anything to the contrary, solely for the purposes of the calculation of the Fully Diluted share capital of Spotify as of the
Closing, the price per share of capital stock of Spotify as of the Closing and the number of Acquired Spotify Shares under this Agreement, the Spotify Shares Purchase Price shall be equal to the TME Shares Purchase Price. For purposes of this
definition, (1)&nbsp;the price per share of capital stock of TME as of the Closing shall be equal to the Per TME Share Price and (2)&nbsp;the price per share of capital stock of Spotify as of the Closing shall be calculated by dividing the Spotify
Shares Purchase Price by the total number of Acquired Spotify Shares. For illustrative purposes,<U> Article I</U> of each of the TME Disclosure Letter and the Spotify Disclosure Letter sets forth an agreed sample calculation, as of the dates
specified therein, of the Fully Diluted share capital of TME, the number of Acquired TME Shares, the Fully Diluted share capital of Spotify, the number of the Acquired Spotify Shares and the price per share of capital stock of Spotify;<U>
provided</U>, that such sample calculation is provided for reference only and shall not constitute any representation, warranty or covenant of any Party (for the avoidance of doubt, such sample calculation in Article I of the respective disclosure
letters is intended solely to assist the Parties in calculating any of the foregoing amounts at the time of Closing and shall not be deemed to supplement, modify or supersede any of the provisions of this Agreement, including<U> Article II</U>). For
purposes of calculating the Fully Diluted share capital of TME under this Agreement (including, as of the dates specified therein, in the sample calculation and as of the Closing), the Parties agree that the total number of shares of capital stock
of TME to be included in the calculation of the Fully Diluted share capital of TME with respect to the options referred to as &#147;Ultimate Options&#148; in <U>Article I</U> of each of the TME Disclosure Letter and the Spotify Disclosure Letter
shall be 8,589,474, which number is based on the good faith estimate of TME as of the date hereof;<U> provided</U>,<U> however</U>, that if, as of the Closing, the total number of shares of capital stock of TME issuable upon exercise of such
Ultimate Options exceeds 10,736,843, then the total number of shares of capital stock of TME to be included in the calculation of the Fully Diluted share capital of TME with respect to such Ultimate Options shall be determined in accordance with
clause (B)&nbsp;of this definition of &#147;Fully Diluted&#148; (it being understood and agreed that (x)&nbsp;the number of shares of capital stock of TME issuable upon exercise of such Ultimate Options as finally determined pursuant to the terms
and conditions of the Contracts relating to such Ultimate Options may not be 8,589,474 but will also not exceed 10,736,843, and (y)&nbsp;in the event that the finally determined number of shares of capital stock of TME issuable upon exercise of such
Ultimate Options is not 8,589,474, so long as such number does not exceed 10,736,843, neither the number of the Acquired TME Shares nor the number of the Acquired Spotify Shares, in each case, as finally determined as of the Closing Date, shall
change, and no Party shall incur any liability under this Agreement, as a result of such difference). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Governing
Documents</U>&#148; of any Person shall mean the memorandum of association, articles of association, articles of organization, business license, certificate of incorporation or formation or organization, bylaws, partnership agreement, limited
partnership agreement, limited liability company agreement or other operating agreement, shareholders&#146; agreement or other similar governing documents of such Person or relating to the shares of capital stock of such Person. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Government Official</U>&#148; shall mean any current or former official, officer,
employee or representative, or any Person acting in an official capacity for or on behalf, of any Governmental Body or any political party, or any candidate for political office. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Governmental Body</U>&#148; shall mean any foreign, domestic, multinational, federal, territorial, state or local government or
governmental authority, quasi-governmental authority, government owned or government controlled (in whole or in part) enterprise, public international organization (such as the United Nations or the Red Cross), regulatory body, court, tribunal,
commission, board, bureau, agency, instrumentality, or any regulatory, administrative or other department, or agency, or any political or other subdivision of any of the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>IFRS</U>&#148; shall mean the International Financial Reporting Standards promulgated by the International Accounting Standards Board
as in effect from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indemnified Party</U>&#148; shall mean either a Spotify Indemnified Party or a TME Indemnified
Party, as the context requires. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indemnifying Party</U>&#148; shall mean either TME or Spotify, as the context requires. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Intellectual Property Rights</U>&#148; shall mean inventions, patents, trade secrets, copyrights (including copyright in software),
trademarks, service marks and domain names, in each case, whether registered or unregistered. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Knowledge of Spotify</U>&#148;
shall mean the actual knowledge of Daniel Ek and Barry McCarthy, after due inquiry with the relevant individuals with respect to the matters in question. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Knowledge of TME</U>&#148; shall mean the actual knowledge of Kar Shun Cussion Pang, James Gordon Mitchell, Min Hu, and Brent Richard
Irvin, after due inquiry with the relevant individuals with respect to the matters in question. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Law</U>&#148; shall mean any
law, statute, code, regulation, ordinance or rule, in each case, enacted or promulgated by any Governmental Body, or any Order or other legally enforceable requirement of a Governmental Body, in each case, as amended, restated, supplemented or
modified from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Lien</U>&#148; shall mean any mortgage, lien, deed of trust, pledge, charge, hypothecation, security
interest, easement, encumbrance, encroachment, servitude, option, right of first refusal, right of first offer, adverse ownership claim, restriction on transfer of title or voting or similar restrictions, whether imposed by Contract, Law, equity or
otherwise, except for (i)&nbsp;restrictions on transfer generally arising under applicable securities Laws, (ii)&nbsp;with respect to any Lien on the Acquired TME Shares, the Top-Up TME Shares or Acquired Spotify Shares, as applicable, the
restrictions set forth in the Spotify Investor Agreement and the TME Investor Agreement, respectively, and (iii)&nbsp;Permitted Liens. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Losses</U>&#148; shall mean any and all damages, losses, liabilities, obligations, responsibilities, encumbrances, penalties,
payments, judgments, awards, settlements, claims, demands, taxes, assessments, fines, interest, costs, fees and expenses (including reasonable attorneys&#146; fees and disbursements and all amounts paid in investigation, preparation, defense,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
settlement or collection of any of the foregoing);<U> provided</U>,<U> however</U>, that Losses shall not include punitive or exemplary damages or any incidental or consequential damages, lost
profits or other similar damages or losses, except to the extent such damages or losses are awarded to or recovered by a third party in connection with a Third Party Claim;<U> provided</U>,<U> further</U>, that Losses shall not be limited to matters
asserted by third parties against any Person entitled to be indemnified pursuant to<U> Article VII</U>, but shall include any and all Losses incurred or suffered by such Person in the absence of a Third Party Claim and shall take into account such
Person&#146;s ownership or investment in TME or Spotify, as applicable, including any Loss or diminution in value thereof (it being understood that such Person shall be precluded from seeking to argue that the amount of Losses indemnifiable
hereunder shall be subject to the application of a multiple of any relevant financial measure). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>OFAC Sanctioned Person</U>&#148;
shall mean any government, country, corporation or other entity, group or individual with whom or which the OFAC Sanctions prohibit a U.S. Person from engaging in transactions, and includes any individual or corporation or other entity that appears
on the current OFAC list of Specially Designated Nationals and Blocked Persons (the &#147;<U>SDN List</U>&#148;). For ease of reference, and not by way of limitation, OFAC Sanctioned Persons other than governments and countries can be found on the
SDN List on OFAC&#146;s website at www.treas.gov/offices/enforcement/ofac/sdn. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>OFAC Sanctions</U>&#148; shall mean any sanctions
program administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (&#147;<U>OFAC</U>&#148;) under authority delegated to the Secretary of the Treasury (the &#147;<U>Secretary</U>&#148;) by the President of the
United States or provided to the Secretary by statute, and any order or license issued by, or under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For
ease of reference, and not by way of limitation, OFAC Sanctions programs are described on OFAC&#146;s website at www.treas.gov/ofac. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Open Source Software</U>&#148; shall mean software that is distributed as &#147;free software,&#148; &#147;open source
software,&#148; &#147;copy left,&#148; or under substantially similar licensing and distribution terms (including the GNU General Public License (GPL), GNU Lesser General Public License (LGPL), Mozilla Public License (MPL), Common Public License
(CPL), BSD Licenses, MIT and Apache Licenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Order</U>&#148; shall mean any award, decision, decree, injunction, judgment,
order, ruling, subpoena, or verdict entered, issued, made, entered into or rendered by any Governmental Body. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ordinary Course of
Business</U>&#148; shall mean the ordinary course of business for a business such as the Spotify Business or the TME Business, as applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permits</U>&#148; shall mean licenses, concessions, authorizations, certificates, variances, permits, approvals, franchises,
exemptions, clearances, consents, authorizations and other rights issued by any Governmental Body. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted Lien</U>&#148;
shall mean, with respect to any Person, (i)&nbsp;Liens for which (and to the extent) adequate reserves (as determined in accordance with the accounting principles and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
standards applicable to such Person) have been established on the latest balance sheet of such Person included in the Interim TME Financial Statements or the Unaudited Spotify Financial
Statements, as applicable; (ii)&nbsp;Liens imposed by any Governmental Body for taxes not yet due and payable or that are being contested in good faith by appropriate proceedings and for which adequate reserves (as determined in accordance with the
accounting principles and standards applicable to such Person) have been established on the latest balance sheet of such Person included in the Interim TME Financial Statements or the Unaudited Spotify Financial Statements, as applicable,
(iii)&nbsp;Liens with respect to any leased or owned real property which does not, or will not, individually or in the aggregate, materially interfere with the use or ownership of such real property, (iv)&nbsp;Liens incurred in connection with
hedging and similar arrangements in the Ordinary Course of Business, (v)&nbsp;Liens incurred by such Person in connection with pledges or deposits in respect of workers&#146; compensation, unemployment insurance and other social security legislation
in the Ordinary Course of Business of such Person, (vi)&nbsp;deposits by such Person to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature
incurred in the Ordinary Course of Business of such Person, (vii)&nbsp;Liens incurred by such Person securing obligations or liabilities of such Person which do not impair the continued use of the assets, rights or properties of such Person and
(viii)&nbsp;Liens imposed by, or arising under, the Control Documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Person</U>&#148; or &#147;<U>person</U>&#148; shall mean
any individual, corporation, business trust, proprietorship, firm, partnership, limited partnership, limited liability partnership, limited liability company, trust, association, joint venture, Governmental Body or other entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>PRC</U>&#148; shall mean the People&#146;s Republic of China, and for the purposes of this Agreement, excluding the Hong Kong Special
Administrative Region, the Macau Special Administrative Region and Taiwan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Related Party</U>&#148; shall mean (i)&nbsp;with
respect to Spotify, (A)&nbsp;any Affiliate of Spotify (other any Subsidiary of Spotify), (B)&nbsp;any equityholder who holds more than five percent (5%)&nbsp;of the equity interests of, or any officer, employee, manager or director of, any Affiliate
of Spotify (other than any Subsidiary of Spotify), (C)&nbsp;any equityholder (other than Spotify or any of its Subsidiaries) who holds more than five percent (5%)&nbsp;of the equity interests in, or any officer, employee, manager or director of, any
of the Spotify Group Companies or (D)&nbsp;any immediate family member of any of the foregoing and (ii)&nbsp;with respect to TME, (A)&nbsp;any Affiliate of TME (other any Subsidiary of TME), (B)&nbsp;any equityholder who holds more than five percent
(5%)&nbsp;of the equity interests of, or any officer, employee, manager or director of, any Affiliate of TME (other than any Subsidiary of TME), (C)&nbsp;any equityholder (other than TME or any of its Subsidiaries) who holds more than five percent
(5%)&nbsp;of the equity interests in, or any officer, employee, manager or director of, any of the TME Group Companies or (D)&nbsp;any immediate family member of any of the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Representatives</U>&#148; shall mean, with respect to any Person, such Person&#146;s directors, managers, officers, employees and
advisors (including financial advisors, attorneys, accountants and consultants);<U> provided</U>,<U> however</U>, that for the avoidance of doubt (i)&nbsp;a shareholder, member, partner or other equity holder of such Person or (ii)&nbsp;a music
record label or other music rights holder, in each case, shall not be deemed, and shall not constitute, a &#147;Representative&#148; for purposes of this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Required Shareholder Approval</U>&#148; shall mean (i)&nbsp;the approval (by vote or
written consent) of this Agreement and the transactions contemplated hereby by the holders of at least sixty-six and seven-tenths percent (66.7%)&nbsp;of the issued and outstanding TME Shares and (ii)&nbsp;the adoption of the Restated Articles by
special resolution in accordance with the Governing Documents of TME. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Required Shareholders</U>&#148; shall mean the holders of
at least seventy-five percent (75%) of the issued and outstanding TME Shares (which holders must include Min River). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Restated
Articles</U>&#148; shall mean the Third Amended and Restated Memorandum and Articles of Association of TME, substantially in the form attached hereto as<U> Exhibit C</U>, to be adopted by the shareholders of TME on or prior to the Closing Date (it
being understood and agreed that the Restated Articles adopted by the shareholders of TME can be different from the form of <U>Exhibit C</U> attached hereto so long as such changes do not adversely affect the rights and obligations of any Spotify
Party relative to the Restated Articles in the form of<U> Exhibit C</U> attached hereto or under the Other Transaction Agreements). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Securities Act</U>&#148; shall mean the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Shareholders Agreement</U>&#148; shall mean the Second Amended and Restated Shareholders Agreement, substantially in
the form attached hereto as Exhibit D, to be entered into by TME and the other parties thereto on or prior to the Closing Date (it being understood and agreed that the Shareholders Agreement entered into by TME and the other parties can be different
from the form of <U>Exhibit D</U> attached hereto so long as such changes do not adversely affect the rights and obligations of any Spotify Party relative to the Shareholders Agreement in the form of<U> Exhibit D</U> attached hereto or under the
Other Transaction Agreements). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Significant Subsidiary</U>&#148; shall mean, as of the date of determination, (i)&nbsp;with
respect to Spotify, any Subsidiary of Spotify whose total consolidated assets or total consolidated revenue as of the latest quarterly or year-end financial statements are greater than ten percent (10%)&nbsp;of the total assets or ten percent
(10%)&nbsp;of the total revenue, as applicable, of Spotify and its Subsidiaries, taken together, at such date, determined in accordance with IFRS and (ii)&nbsp;with respect to TME, any Subsidiary of TME whose total consolidated assets or total
consolidated revenue as of the latest quarterly or year-end financial statements are greater than ten percent (10%)&nbsp;of the total assets or ten percent (10%)&nbsp;of the total revenue, as applicable, of TME and its Subsidiaries, taken together,
at such date, determined in accordance with U.S. GAAP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Business</U>&#148; shall mean the business of the Spotify Group
Companies, as conducted or as proposed to be conducted, in each case, as of the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Group Companies</U>&#148;
shall mean Spotify and its Significant Subsidiaries. <U>Section&nbsp;1</U> of the Spotify Disclosure Letter sets forth a complete list of the Spotify Group Companies as of the date of hereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Material Adverse Effect</U>&#148; shall mean any event, circumstance,
occurrence, fact, condition, change, development or effect (each, an &#147;<U>Effect</U>&#148;) that, individually or together with any Effect(s), has had or would reasonably be expected to have a material adverse effect on the business, assets
(including intangible assets), liabilities, financial condition, or results of operations of the Spotify Group Companies, taken as a whole, but excluding any Effect arising from (i)&nbsp;general changes in market or industry conditions or the
economic or competitive environment in which any Spotify Group Company operates;<U> provided</U>, that any Effect set forth in clause (i)&nbsp;may be taken into account in determining whether a Spotify Material Adverse Effect has occurred if and to
the extent such Effect, individually or in the aggregate, has or would reasonably be expected to have a materially disproportionate impact on the Spotify Group Companies, taken as a whole, relative to the other participants in the industries in
which the Spotify Group Companies conduct their businesses, or (ii)&nbsp;the first listing of equity securities of Spotify (or a holding company or any Spotify Group Company) on an internationally recognized stock exchange or similar market place of
recognized national standing (excluding, for the avoidance of doubt, private secondary markets or similar). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify
Securities</U>&#148; shall mean shares of capital stock of Spotify, warrants, options, convertible securities, exchangeable securities or similar rights or instruments of Spotify exercisable, exchangeable or convertible into, or requiring the
issuance, allotment or delivery of shares of capital stock of Spotify or granting other rights in respect of shares of capital stock of Spotify, including the Spotify Shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Shares</U>&#148; shall mean the common shares, &#128;0.025 par value per share, of Spotify. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Top-Up Options</U>&#148; shall mean options outstanding as of the date hereof to subscribe for additional Spotify Shares
granted (i)&nbsp;together with the issuance of Spotify Shares to certain shareholders of Spotify on December&nbsp;13, 2012, (ii)&nbsp;together with the issuance of Spotify Shares to certain shareholders of Spotify on December&nbsp;19, 2013 or
January&nbsp;17, 2014, (iii)&nbsp;together with the issuance of Spotify Shares to certain Persons on April&nbsp;28, 2015, (iv)&nbsp;together with the issuance of Spotify Shares to certain Persons on June&nbsp;10, 2015, (v)&nbsp;together with the
issuance of Spotify Shares to certain Persons on June&nbsp;24, 2015, (vi)&nbsp;together with the issuance of Spotify Shares to certain Persons on July&nbsp;15, 2015; and in each case, together with the related offering of Spotify Shares to the
current shareholders of Spotify and, in each case, on the terms and conditions set forth in the form option agreements provided to TME prior to the date hereof and the terms set forth on<U> Section&nbsp;4.03(a)</U> and<U> Section&nbsp;4.03(e)</U> of
the Spotify Disclosure Letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Subsidiary</U>&#148; shall mean, with respect to any Person, any other Person, whether
incorporated or unincorporated, (i)&nbsp;of which more than fifty percent (50%)&nbsp;of either the equity interests in, or the voting control of, such other Person is, directly or indirectly through Subsidiaries or otherwise, beneficially owned by
such first Person (including through a &#147;variable interest entity&#148; or similar arrangement), (ii)&nbsp;of which such first Person is the general partner or managing member, or (iii)&nbsp;whose financial results are consolidated with the net
revenues of such first Person and are recorded on the books of such first Person for financial reporting purposes in accordance with applicable accounting standards. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax</U>&#148; or &#147;<U>Taxes</U>&#148; shall mean any tax, customs, levies,
duties, charges, governmental fee or other like assessment or charge of any kind whatsoever together with any interest, surcharges, penalty, addition to tax or additional amount imposed by any Taxing Authority responsible for the imposition of any
such tax. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax Return</U>&#148; shall mean all returns, declarations, reports, statements, estimates, information statements and
other forms and documents (including all schedules, exhibits, and other attachments thereto and amendments thereof) required to be filed with any Taxing Authority in connection with the calculation, determination, assessment or collection of, any
Taxes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Taxing Authority</U> &#147; shall mean any Governmental Body having jurisdiction over the assessment, determination,
collection or other imposition of any Tax. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Business</U>&#148; shall mean the business of the TME Group Companies, as
conducted or as proposed to be conducted, in each case, as of the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Equity Offering</U>&#148; shall mean the
equity financing proposed by TME on or around the date hereof with respect to an issuance of up to 119,394,895 TME Shares by TME (excluding the Acquired TME Shares). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Group Companies</U>&#148; shall mean TME and its Significant Subsidiaries. <U>Section&nbsp;1</U> of the TME Disclosure Letter
sets forth a complete list of the TME Group Companies as of the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Label Agreements</U> &#147; shall mean each of
(i)&nbsp;Music Services Cooperation Agreement, dated as of October&nbsp;18, 2016, by and between TME Hong Kong and Warner Music China (Hong Kong) Limited and (ii)&nbsp;2016 Term Sheet (Digital Content Collaboration Arrangement &#150; for Mainland
China), dated as of September&nbsp;13, 2016 and as amended on December&nbsp;5, 2017, by and between Tencent Music Entertainment (Shenzhen) Co., Ltd. and Beijing Starbright Technical Services Company Limited. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Material Adverse Effect</U>&#148; shall mean any Effect that, individually or together with any Effect(s), has had or would
reasonably be expected to have a material adverse effect on the business, assets (including intangible assets), liabilities, financial condition, or results of operations of the TME Group Companies, taken as a whole, but excluding any effect arising
from (i)&nbsp;general changes in market or industry conditions or the economic or competitive environment in which any TME Group Company operates;<U> provided</U>, that any Effect set forth in clause (i)&nbsp;may be taken into account in determining
whether a TME Material Adverse Effect has occurred if and to the extent such Effect, individually or in the aggregate, has or would reasonably be expected to have a materially disproportionate impact on the TME Group Companies, taken as a whole,
relative to the other participants in the industries in which the TME Group Companies conduct their businesses, or (ii)&nbsp;the first listing of equity securities of TME (or a holding company or any TME Group Company) on an internationally
recognized stock exchange or similar market place of recognized national standing (excluding, for the avoidance of doubt, private secondary markets or similar). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Securities</U>&#148; shall mean shares of capital stock of TME, warrants,
options, convertible securities, exchangeable securities or similar rights or instruments of TME exercisable, exchangeable or convertible into, or requiring the issuance, allotment or delivery of shares of capital stock of TME or granting other
rights in respect of shares of capital stock of TME, including the TME Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Shares</U>&#148; shall mean the ordinary
shares, $0.000083 par value per share, of TME. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>U.S. Dollars</U>&#148; or &#147;<U>$</U>&#148; shall mean the currency of the
United States of America. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>U.S. GAAP</U>&#148; shall mean generally accepted accounting principles in the United States as in
effect from time to time, consistently applied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>U.S. Person</U>&#148; shall mean any U.S. citizen, permanent resident alien, or
entity organized under the laws of the United States (including foreign branches), except that with respect to the Cuban Assets Control Regulations, &#147;U.S. Person&#148; shall also mean any corporation or other entity that is owned or controlled
by a U.S. citizen, permanent resident alien, or entity organized under the laws of the United States, without regard to where it is organized or doing business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Willful Breach</U>&#148; shall mean a material breach of this Agreement which has resulted from either (i)&nbsp;intentional fraud or
(ii)&nbsp;a deliberate act or a deliberate failure to act with actual knowledge at the time of such act or failure to act that the act or failure to act constituted, would or would reasonably be expected to result in, a material breach of this
Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article II </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>ISSUANCE AND SUBSCRIPTION OF SHARES </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.01 <U>Issuance and Subscription of Acquired TME Shares</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, TME shall issue to Spotify AB, and Spotify AB
shall subscribe for, a number of duly authorized, validly issued, fully paid and non-assessable TME Shares that represents, as of the Closing, 8.91616% of the Fully Diluted share capital of TME after giving effect to such issuance and assuming the
consummation of the issuance pursuant to the TME Equity Offering and the Distribution to Other Shareholders of an aggregate of 208,120,931 TME Shares, free and clear of all Liens and Permitted Liens (the &#147;<U>Acquired TME Shares</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) In consideration for the Acquired TME Shares and any Top-Up TME Shares that may be issued in accordance with<U> Section&nbsp;2.05</U>, at
the Closing, Spotify AB shall pay, in the manner set forth in<U> Section&nbsp;2.04(c)</U>, TME an aggregate amount in cash (the &#147;<U>TME Shares Purchase Price</U>&#148;) equal to the product of (i)&nbsp;the total number of the Acquired TME
Shares and (ii) $4.0363, representing the cash purchase price per Acquired TME Share (the &#147;<U>Per TME Share Price</U>&#148;);<U> provided</U>, that in no event shall the TME Shares Purchase Price exceed $1,200,000,000 <U>provided</U>,<U>
further</U>, that the TME Shares Purchase Price shall not change regardless of whether any Top-Up TME Shares are issuable or issued in accordance with<U> Section&nbsp;2.05</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The issuance by TME, and the subscription by Spotify AB, of the Acquired TME Shares
pursuant to this<U> Section&nbsp;2.01</U> shall be referred to herein as the &#147;<U>TME Shares Issuance</U>.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.02
<U>Issuance and Subscription of Acquired Spotify Shares</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Upon the terms and subject to the conditions of this Agreement, at the
Closing, Spotify shall issue to TME Hong Kong, and TME Hong Kong shall subscribe for, a number of duly authorized, validly issued, fully paid and non-assessable Spotify Shares that represents, as of the Closing, 4.91706% of the Fully Diluted share
capital of Spotify after giving effect to such issuance, free and clear of all Liens and Permitted Liens (the &#147;<U>Acquired Spotify Shares</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) In consideration for the Acquired Spotify Shares, at the Closing, TME Hong Kong shall pay, in the manner set forth in
<U>Section&nbsp;2.04(c)</U>, Spotify an aggregate amount in cash (the &#147;<U>Spotify Shares Purchase Price</U>) equal to the TME Shares Purchase Price. Notwithstanding anything to the contrary set forth in this Agreement, in no event shall the
purchase price per Acquired Spotify Share implied by the Spotify Shares Purchase Price be less than the par value per Acquired Spotify Share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The issuance by Spotify, and the subscription by TME Hong Kong, of the Acquired Spotify Shares pursuant to this<U> Section&nbsp;2.02</U>
shall be referred to herein as the &#147;<U>Spotify Shares Issuance</U>.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.03 <U>Closing</U> The consummation of the TME
Shares Issuance and the Spotify Shares Issuance (the &#147;<U>Closing</U>&#148;) shall take place on the first Business Day after satisfaction or, to the extent permitted by applicable Law, waiver by the applicable Party of all of the conditions set
forth in <U>Article VI</U> (other than those conditions that, by their nature, are to be satisfied at the Closing) or such other date, time(s) or place(s) as the Parties shall mutually agree in writing or as required by applicable Law. For the
avoidance of doubt, the consummation of the TME Shares Issuance and the Spotify Shares Issuance shall be deemed to have occurred simultaneously, and the Closing shall not occur if any Party fails to deliver any of the items, agreements, documents or
other instruments required under<U> Section&nbsp;2.04</U>, unless waived in writing by the Party entitled to receive such items, agreements, documents or other instruments. The date on which the Closing actually occurs is referred to herein as the
&#147;<U>Closing Date</U>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.04 <U>Closing Deliverables</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) At the Closing, TME shall deliver (or cause to be delivered) to Spotify AB all of the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) an excerpt from the register of members of TME, evidencing Spotify AB&#146;s ownership of the Acquired TME Shares,
certified by the registered office provider of TME; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) a written opinion of the Cayman Islands counsel to TME, dated as
of the Closing Date and addressed to Spotify AB in the form attached hereto as Exhibit E; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) a certificate, dated as of the Closing Date, duly executed by a duly
authorized representative of TME and addressed to Spotify AB in the form attached hereto as Exhibit F; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) the TME
Investor Agreement, duly executed by TME Hong Kong, TME, Tencent Hong Kong and Tencent; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) the Spotify Investor
Agreement, duly executed by TME and Tencent; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) such other documents and instruments as the Parties shall deem
reasonably necessary to consummate the transactions contemplated hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) At the Closing, Spotify shall deliver (or cause to be
delivered) to TME Hong Kong all of the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) an excerpt from the shareholders&#146; register of Spotify
evidencing the registration of TME Hong Kong&#146;s ownership of the Acquired Spotify Shares, certified by representatives of Arendt&nbsp;&amp; Medernach SA or of LWM S.A., in their respective capacities as counsel to Spotify or registered office
provider of Spotify, in each case, in Luxembourg, Grand Duchy of Luxembourg; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) a written opinion of Luxembourg counsel
to Spotify, dated as of the Closing Date and addressed to TME Hong Kong in the form attached hereto as Exhibit G; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) a
certificate, dated as of the Closing Date, duly executed by a duly authorized representative of Spotify and addressed to TME Hong Kong in the form attached hereto as Exhibit H; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) the TME Investor Agreement, duly executed by Spotify, D.G.E. Investments LTD and Rosello Company Limited; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) the Spotify Investor Agreement, duly executed by Spotify and Spotify AB; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) such other documents and instruments as the Parties shall deem reasonably necessary to consummate the transactions
contemplated hereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Parties hereby agree that, at the Closing, the TME Shares Purchase Price shall be paid and delivered by
Spotify AB to TME, and the Spotify Shares Purchase Price shall be paid and delivered by TME Hong Kong to Spotify, by causing the TME Parties to instruct and direct (and TME Parties hereby so instruct and direct) Spotify AB to pay and deliver an
aggregate amount in cash equal to the TME Shares Purchase Price to Spotify by wire transfer of immediately available funds to an account designated by Spotify, which payment shall be deemed to have been made: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>first</I>, by Spotify AB to TME in full satisfaction of the TME Shares
Purchase Price; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>secondly</I>, by TME to TME Hong Kong as a capital contribution, a shareholder loan or a
combination thereof; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>thirdly</I>, by TME Hong Kong to Spotify in full satisfaction of the Spotify Shares
Purchase Price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.05 <U>Issuance of Top-Up TME Shares</U> If following the Closing, as a result of the TME Equity Offering, TME
is required, pursuant to the exercise of contractual participation or similar rights (including any &#147;most-favored nation&#148; rights triggered by the TME Equity Offering), in each case, contained in any TME Label Agreement by any party thereto
prior to the later of (i)&nbsp;the date that is six (6)&nbsp;months after the Closing Date and (ii)&nbsp;the date that is one month prior to the completion of the first listing of equity securities of TME (or a holding company or any TME Group
Company) on an internationally recognized stock exchange or similar market place of recognized national standing (excluding, for the avoidance of doubt, private secondary markets or similar), to issue, and if TME so issues, any TME Shares under any
TME Label Agreement (each such issuance, a &#147;<U>Participation Rights Issuance</U>&#148;), TME shall substantially concurrently with such Participation Rights Issuance issue to Spotify AB that number of additional TME Shares (the &#147;<U>Top-Up
TME Shares</U>&#148;) (if any) that, together with the Acquired TME Shares and the aggregate number of Top-Up TME Shares previously issued to Spotify AB pursuant to this<U> Section&nbsp;2.05</U> (if any), would represent 8.91616% of the Fully
Diluted share capital of TME as of the Closing (after giving effect to such issuance, the issuance(s) of Top-Up TME Shares previously issued to Spotify AB pursuant to this<U> Section&nbsp;2.05</U>, the TME Shares Issuance and assuming the
consummation of the Participation Rights Issuance and the issuance pursuant to the TME Equity Offering and the Distribution to Other Shareholders of an aggregate of 208,120,931 TME Shares);<U> provided</U>, that TME shall not be required to issue
Top- Up TME Shares to the extent the aggregate number of the TME Shares issued pursuant to the TME Equity Offering, the Distribution to Other Shareholders and any Participation Rights Issuances is less than 208,120,931 TME Shares (the &#147;<U>TME
Issuance Cap</U>&#148;) but shall be required to issue Top-Up TME Shares in respect of any TME Shares issued pursuant to a Participation Rights Issuance if (and solely to the extent that), after giving effect to such Participation Rights Issuance,
the total number of TME Shares issued pursuant to the TME Equity Offering, Distribution to Other Shareholders and any Participation Rights Issuances exceeds the TME Issuance Cap;<U> provided</U>, further, that any issuance of TME Shares pursuant to
the TME Equity Offering shall not constitute a Participation Right Issuance. Upon the issuance of the Top-Up TME Shares, TME shall deliver to Spotify AB an excerpt from the register of members of TME, evidencing Spotify AB&#146;s ownership of the
Top-Up TME Shares, certified by the registered office provider of TME. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article III </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>REPRESENTATIONS AND WARRANTIES OF TME </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Except as set forth in the correspondingly numbered Sections of the TME Disclosure Letter delivered in connection with this Agreement (the
&#147;<U>TME Disclosure Letter</U>&#148;) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
(<U>provided</U>,<U> however</U>, that disclosure of any fact or item in the TME Disclosure Letter shall, should the existence of such fact or item be relevant to any other Section of this<U>
Article III</U>, be deemed disclosed with respect to such other Section of this <U>Article III</U>, but only to the extent that such relevance is reasonably apparent on the face of such disclosure), TME hereby represents and warrants to the Spotify
Parties as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.01 <U>Corporate Organization</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Each TME Group Company is duly organized, validly existing and, where applicable, in good standing under the Laws of its jurisdiction of
organization and has all requisite company power and authority to own, lease, operate or otherwise use its assets, rights and properties and to conduct its business as it is currently conducted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Section&nbsp;3.01(b)</U> of the TME Disclosure Letter sets forth a true, complete and correct list of each Governing Document of TME to
which Spotify or Spotify AB will become subject upon the consummation of the TME Shares Issuance. A true, correct and complete copy of each Governing Document set forth in<U> Section&nbsp;3.01(b)</U> of the TME Disclosure Letter has been made
available to the Spotify Parties by TME. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) None of the TME Group Companies has filed (or has had filed against it) any petition for its
winding-up, is insolvent under the Laws of its jurisdiction of organization, or has made any assignment in favour of its creditors, nor has any petition for receivership or any administration order been presented in respect of such TME Group
Company. None of the TME Group Companies has initiated any proceedings with respect to a compromise or arrangement with its creditors or for its dissolution, liquidation or reorganization or the winding-up or cessation of the business currently
conducted. No receiver or administrative receiver or liquidator has been appointed in respect of any TME Group Company or any of its material properties, rights or assets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.02 <U>Authority</U>. Each of the TME Parties has all requisite power and authority to execute, deliver and perform this Agreement
and the Other Transaction Agreements, and subject to receipt of the Required Shareholder Approval and the execution and delivery of the Shareholders Agreement by the Required Shareholders, to consummate the transactions contemplated hereby and
thereby. The execution and delivery of this Agreement and the Other Transaction Agreements, the performance by each of the TME Parties of its obligations hereunder and thereunder and the consummation by each of the TME Parties of the transactions
contemplated hereby and thereby have been duly and validly authorized and approved by all necessary corporate and other similar actions on the part of each TME Party (including by the board of directors or similar governing body of such TME Party),
and no other corporate or other similar action or proceedings on the part of either TME Party is necessary to authorize and approve the execution, delivery and performance of this Agreement and the Other Transaction Agreements or the consummation of
the transactions contemplated hereby and thereby, subject to receipt of the Required Shareholder Approval and the execution and delivery of the Shareholders Agreement by the Required Shareholders. This Agreement has been, and the Other Transaction
Agreements will be, duly and validly executed and delivered by each TME Party, and when executed and delivered by such TME Party (assuming due authorization, execution and delivery by the other parties hereto or thereto), constitute valid and
binding obligations of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
such TME Party, enforceable against such TME Party in accordance with their respective terms, except as enforcement may be limited by (i)&nbsp;applicable bankruptcy, insolvency, moratorium,
reorganization or similar Laws in effect which affect creditors&#146; rights generally or (ii)&nbsp;principles of equity including legal or equitable limitations on the availability of specific remedies (such limitations in the foregoing clauses
(i)&nbsp;and (ii), the &#147;<U>Enforceability Limitations</U>&#148;). The board of directors of TME has resolved to recommend the approval of this Agreement and the transactions contemplated hereby and the adoption of the Restated Articles to the
shareholders of TME (the &#147;<U>TME Board Recommendation</U>&#148;). The Voting Agreement has been executed and delivered by holders (which holders shall include Min River) of at least seventy-five percent (75%)&nbsp;of the issued and outstanding
TME Shares as of the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.03 <U>Capitalization</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Section&nbsp;3.03(a)</U> of the TME Disclosure Letter sets forth, as of the date hereof, the issued share capital of TME, the number of
issued and outstanding TME Securities and, on a collective basis for certain categories of holders of TME Securities, the ownership thereof;<U> provided</U>,<U> however</U>, that the representations set forth in this<U> Section&nbsp;3.03(a)</U>
shall not apply to any Contracts between shareholders to which TME is not a party. TME has no class of shares of capital stock authorized other than the TME Shares. The maximum number of shares of capital stock of TME issuable upon the exercise of
the options referred to as &#147;Ultimate Options&#148; in <U>Article I</U> of the TME Disclosure Letter is 10,736,843. The maximum number of TME Shares to be issued pursuant to the TME Equity Offering and the Distribution to Other Shareholders is
208,120,931. In the TME Equity Offering, (i)&nbsp;the price per TME Share offered to any music label right holder, singer or artist will not be lower than US$2.6909 and (ii)&nbsp;the price per TME Share offered to any other investor will not be
lower than US$4.0363;<U> provided</U> that the number of TME Shares to be issued in the TME Equity Offering at a price less than $4.0363 will not exceed 50% of the aggregate number of TME Shares issued in the TME Equity Offering. On the date of this
Agreement, TME has received from Min River an executed copy of a waiver (the &#147;<U>Min River Waiver</U>&#148;) by Min River (a copy of which has been provided to Spotify), effective as of the Closing, of Min River&#146;s right to receive TME
Shares in the TME Shares Distribution pursuant to the terms of such waiver. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The shares of the TME Group Companies other than TME are
owned as set forth in<U> Section&nbsp;3.03(b)</U> of the TME Disclosure Letter. All shares of the TME Group Companies have been duly authorized and validly issued and are fully paid and, where applicable, non-assessable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The shares of the TME Group Companies (other than TME) are not subject to any Lien, there is no Contract to give or create any Lien in
respect of any shares of any TME Group Company (other than TME), and no claim has been made by any Person to hold or be entitled to any Lien in respect of any shares of any TME Group Company (other than TME). The material properties, rights and
assets of the TME Group Companies are not subject to any Liens, there is no Contract to give or create any Lien in respect of the material properties, rights and assets of the TME Group Companies, and no claim has been made by any Person (including
by any Person entitled to Liens arising by operation of Law) to hold or be entitled to any Lien in respect of the material properties, rights and assets of the TME Group Companies. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) No TME Group Company has any indebtedness, financial liabilities or financial obligations
of any nature, except for indebtedness, financial liabilities or financial obligations (i)&nbsp;reflected or reserved in the TME Financial Statements, (ii)&nbsp;incurred after September&nbsp;30, 2017 in the Ordinary Course of Business, or
(iii)&nbsp;that would not constitute a TME Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Except as disclosed in<U> Section&nbsp;3.03(e)</U> of the TME
Disclosure Letter or as contemplated by the TME Shares Distribution and the waiver as described in<U> Section&nbsp;3.03(a)</U>, there are no Contracts of any character whatsoever relating to, or securities or rights convertible or exchangeable for,
or calling for, the issuance, allotment or delivery of any TME Securities or any securities in any TME Group Company or rights to exercise voting rights or any other similar right, which bind any TME Group Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) The Acquired TME Shares will, when issued to Spotify AB at the Closing pursuant to this Agreement, (i)&nbsp;have been duly authorized,
validly issued, fully paid and, where applicable, non-assessable and (ii)&nbsp;represent 8.91616% of the Fully Diluted share capital of TME as of the Closing after giving effect to the TME Shares Issuance and assuming the consummation of the
issuance pursuant to the TME Equity Offering and the Distribution to Other Shareholders of an aggregate of 208,120,931 TME Shares. Upon the entry of Spotify AB as holder of the Acquired TME Shares in TME&#146;s register of members in the manner
contemplated by <U>Section&nbsp;2.04</U>, Spotify AB will be the legal owner of, and have good, valid and marketable title to, the Acquired TME Shares, free and clear of all Liens and Permitted Liens. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) TME Hong Kong is a wholly owned Subsidiary of TME and no Person other than TME owns any capital stock of TME Hong Kong. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) The Top-Up TME Shares (if any) will, when issued to Spotify AB pursuant to this Agreement, (i)&nbsp;have been duly authorized, validly
issued, fully paid and, where applicable, non-assessable and (ii)&nbsp;together with the Acquired TME Shares and the aggregate number of Top-Up TME Shares previously issued to Spotify AB pursuant to<U> Section&nbsp;2.05</U> (if any), represent
8.91616% of the Fully Diluted share capital of TME as of the Closing (after giving effect to the issuance of Top-Up TME Shares, the Participation Rights Issuance(s), the TME Shares Issuance and assuming the consummation of the issuance pursuant to
the TME Equity Offering and the Distribution to Other Shareholders of an aggregate of 208,120,931 TME Shares). Upon the entry of Spotify AB as holder of the Top-Up TME Shares in TME&#146;s register of members in the manner contemplated by<U>
Section&nbsp;2.05</U>, Spotify AB will be the legal owner of, and have good, valid and marketable title to, the Top-Up TME Shares, free and clear of all Liens and Permitted Liens. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Except as disclosed in<U> Section&nbsp;3.03(i)</U> of the TME Disclosure Letter, no anti-dilution right, pre-emptive right, right of
participation, right of first refusal, right of first offer or similar right of any Person will become exercisable as a result of (i)&nbsp;the TME Shares Issuance, (ii)&nbsp;the Distribution to Other Shareholders or (iii)&nbsp;the TME Equity
Offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.04 <U>No Governmental Authorization; Non-Contravention</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) No consent, permit, approval or authorization or action by or in respect of, or notice,
filing or registration with, any Governmental Body (a &#147;<U>Governmental Consent</U>&#148;) is or will be required in connection with the execution, delivery and performance by the TME Parties of this Agreement and the Other Transaction
Agreements and the consummation of the transactions contemplated hereby and thereby, except for such Governmental Consents the failure of which to obtain, make or give does not constitute a TME Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Assuming receipt of the Required Shareholder Approval and the execution and delivery of the Shareholders Agreement, the execution,
delivery and performance of this Agreement and the Other Transaction Agreements by the TME Parties and the consummation of the transactions contemplated hereby and thereby do not and will not (i)&nbsp;conflict with, violate or result in a breach of
any provision of the Governing Documents of either TME Party, (ii)&nbsp;violate or constitute a breach of or default (with notice or lapse of time, or both), permit termination, modification or acceleration, or cause the forfeiture of any right,
under any provision of any material Contract by which any TME Group Company is bound or to which any TME Group Company is subject, or (iii)&nbsp;conflict with or violate any Law applicable to any TME Group Company, or by which any of its properties,
rights or assets are bound or affected, or result in the creation of, or require the creation of, any Lien upon any properties, rights or assets of any TME Group Company, except, in the case of clauses (ii)&nbsp;and (iii), for any such items that
would not constitute a TME Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.05 <U>Control Documents</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Section&nbsp;3.05(a)</U> of the TME Disclosure Letter sets forth a true, complete and correct list of all Contracts that enable TME to
effect control over, and consolidate with its financial statements the financial statements of, all of the Subsidiaries of TME of which TME does not, directly or indirectly, own of record any shares of capital stock, equity interests or partnership
interests (each, a &#147;<U>Control Document</U>&#148; and collectively, the &#147;<U>Control Documents</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The execution,
delivery and performance by the TME Parties of this Agreement and the Other Transaction Agreements and the consummation of the transactions contemplated hereby and thereby do not and will not conflict with, constitute a default under, or violate,
any of the Control Documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Each party to the Control Documents had, when each such Control Document was executed and delivered,
all requisite power and authority to execute, deliver and perform each Control Document and to consummate the transactions contemplated thereby. The execution and delivery of each Control Document, the performance of the applicable obligations
thereunder and the consummation of the transactions contemplated thereby were, prior to the execution and delivery thereof, duly and validly authorized and approved by all necessary corporate and other similar actions on the part of each party to
such Control Document, and no other corporate or other similar action or proceedings on the part of any party to such Control Document was necessary to authorize and approve the execution, delivery and performance of such Control Document or the
consummation of the transactions contemplated thereby. Each Control Document has been duly and validly executed and delivered by such party and constitutes a valid and binding obligation of such party. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) None of the TME Parties has received any written, or to the Knowledge of TME, any oral
inquiries, notifications or any other form of official correspondence from any Governmental Body challenging or questioning the legality or enforceability of any of the Control Documents. There are no disputes, disagreements, claims or any
proceedings of any nature brought by any Governmental Body or any other Person, pending or, to the Knowledge of TME, threatened against or affecting any of the TME Group Companies that challenge the validity or enforceability of any Control Document
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) To the Knowledge of TME, no party to any Control Document has materially breached, or is in material breach of or material default
under, any of the terms or provisions of such Control Document. To the Knowledge of TME, none of the parties to any Control Document has sent or received any written communication regarding the termination of, or the intention not to renew, any
Control Document, and no such termination or non-renewal has been threatened by any of the parties to such Control Document. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.06
<U>TME Financial Statements</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Section&nbsp;3.06(a)</U> of the TME Disclosure Letter includes true, complete and correct copies
of the unaudited consolidated balance sheets of TME as of December&nbsp;31, 2016 and December&nbsp;31, 2015 and the related statements of comprehensive income, changes in shareholders&#146; equity and cash flows for the years then ended (including
the related notes and schedules thereto, the &#147;<U>2015&amp;2016 TME Financial Statements</U>&#148;). The 2015&amp;2016 TME Financial Statements (i)&nbsp;have been prepared in accordance with the books and records of TME and its Subsidiaries,
(ii)&nbsp;were prepared in accordance with U.S. GAAP consistently applied, except as otherwise set forth in the notes thereto and (iii)&nbsp;fairly present, in all material respects, the financial position of TME and its Subsidiaries as of the
respective dates thereof and for the respective periods indicated therein, subject to normal recurring year-end audit adjustments, the effects of which are not, individually or in the aggregate, material. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Section&nbsp;3.06(b)</U> of the TME Disclosure Letter includes true, complete and correct copies of the unaudited consolidated balance
sheets of TME as of September&nbsp;30, 2017 and the related statements of operations and cash flows for the nine (9)&nbsp;months ended September&nbsp;30, 2017 (the &#147;<U>Interim TME Financial Statements</U> and, together with the 2015&amp;2016
TME Financial Statements, including the related notes and schedules thereto, the &#147;<U>TME Financial Statements</U> &#147;). The Interim TME Financial Statements have been prepared in good faith on the basis of the TME Group Companies&#146; books
of accounts without the intention to deceive or mislead. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) TME maintains a system of internal controls over financial reporting
accounting controls sufficient, in all material respects, to provide reasonable assurance (i)&nbsp;that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, (ii)&nbsp;that receipts and
expenditures of TME are being made in accordance with authorization of management and directors of TME, and (iii)&nbsp;regarding prevention or detection of unauthorized acquisition, use or disposition of TME&#146;s assets that could have a material
effect on its financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) There are no liabilities or obligations of any nature (whether known or unknown, accrued
or fixed, absolute or contingent, matured or unmatured, determined or determinable, or as guarantor or otherwise) of the TME Group Companies required to be reflected on (or disclosed in the notes to) a balance sheet of TME prepared in accordance
with U.S. GAAP other than any such liabilities, or obligations which (i)&nbsp;are adequately reflected or reserved against in the TME Financial Statements (or the notes thereto), (ii)&nbsp;have been incurred in the Ordinary Course of Business since
September&nbsp;30, 2017, (iii)&nbsp;have not had, and would not be reasonably expected to have, individually or in the aggregate, a TME Material Adverse Effect or (iv)&nbsp;arise out of or in connection with this Agreement and the transactions
contemplated hereby (excluding, for the avoidance of doubt, the TME Equity Offering and the Tencent Hong Kong Secondary Purchase). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e)
Since December&nbsp;31, 2016, (i)&nbsp;TME Business has been conducted in the Ordinary Course of Business in all material respects, and (ii)&nbsp;there has not been any TME Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.07 <U>Intellectual Property</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) To the Knowledge of TME, the TME Group Companies own or have a valid right to use all Intellectual Property Rights, database rights, and
design rights required for the TME Business as currently conducted, except as would not constitute a TME Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) As
of the date hereof, (i)&nbsp;all of the registered Intellectual Property Rights owned by the TME Group Companies are in full force and effect and there are no defects in the TME Group Companies&#146; title to, or right to use, any such registered
Intellectual Property Rights and (ii)&nbsp;other than licenses granted by the TME Group Companies, there are no Liens (or obligations to grant Liens) on the Intellectual Property Rights owned by the TME Group Companies, except, in the case of
clauses (i)&nbsp;and (ii), as would not constitute a TME Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Subject to intra-group licenses and except in
accordance with the Contracts set forth in <U>Section&nbsp;3.07(c)</U> of the TME Disclosure Letter or in the Ordinary Course of Business, no TME Group Company has granted any material licenses or assignments under or in respect of any Intellectual
Property Rights, database rights, or design rights owned by such TME Group Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) To the Knowledge of TME, there is no unauthorized
use of any Intellectual Property Rights, database rights, or design rights owned by any TME Group Company that infringes, misappropriates, invalidates or dilutes any right comprised in such Intellectual Property Rights, database rights, or design
rights to the extent of having a TME Material Adverse Effect. None of the TME Group Companies has received any written notice of the alleged infringement, misappropriation of or conflict with any Intellectual Property Rights, database rights, design
rights or moral rights owned by any third party, except for notices involving matters that, if they were resolved unfavorably to any TME Group Company, would not constitute a TME Material Adverse Effect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Each TME Group Company has taken reasonable steps in accordance with industry standard
practices to protect the security of its trade secrets and its software, databases, systems, networks, and Internet sites and information stored or contained therein or transmitted thereby from unauthorized or improper access. To the Knowledge of
TME, there has been no unauthorized or improper access to or use of the foregoing that constitutes a TME Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f)
There has been no material interruption that constituted a TME Material Adverse Effect at any time during the twenty-four (24)&nbsp;months prior to the date hereof as a result of any defect relating to any information technology systems or
applications (including the technical platform and client software) required for the TME Business as currently conducted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) To the
Knowledge of TME, all of the source code for any proprietary software necessary to operate the material information technology systems and applications that the TME Group Companies have developed (including the technical platform and all of the
client software) is in the possession or control of the TME Group Companies. To the Knowledge of TME, there are no material escrow arrangements with respect to such source code other than those that have been made available to the Spotify Parties.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) The TME Group Companies take commercially reasonable efforts designed to ensure that no Open Source Software has been combined with
software developed by or for the TME Group Companies (either by employees or independent contractors) and licensed, conveyed or made available by the TME Business in a way that requires that such software be, in a manner that constitutes a TME
Material Adverse Effect, (i)&nbsp;disclosed or distributed in source code form, (ii)&nbsp;licensed for the purpose of making derivative works, (iii)&nbsp;redistributable at no charge or (iv)&nbsp;to the Knowledge of TME, otherwise licensed or
distributed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Except as would not constitute a TME Material Adverse Effect, (i)&nbsp;to the Knowledge of TME, the TME Group Companies
have complied with all applicable Laws relating to privacy and data security, and with their published privacy policies in effect at the time, with respect to the collection, use, disclosure and transfer of personally identifiable information,
(ii)&nbsp;the TME Group Companies use commercially reasonable technical and organizational measures to protect personally identifiable information against unauthorized access, disclosure, use, modification or other misuse or misappropriation, and
(iii)&nbsp;to the Knowledge of TME, there has been no unauthorized or accidental access, acquisition, disclosure, intrusion or breach of security of personally identifiable information maintained by or on behalf of the TME Group Companies that has
not been reported to the affected individuals or any Governmental Body if such reporting was required by any applicable Laws relating to privacy or security personally identifiable information, nor are there any currently pending or outstanding
complaints, notices to, or claims asserted by any Person (including any Governmental Body) regarding the collection, use, transmission, disclosure or sharing of personally identifiable information by the TME Group Companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) This<U> Section&nbsp;3.07</U> and<U> Section&nbsp;3.08</U> constitute the sole and exclusive representations and warranties of the TME
Group Companies with respect to the infringement, violation or misappropriation of or conflict with any third-party Intellectual Property Rights. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.08 <U>Litigation</U>. None of the TME Group Companies is engaged in any ongoing
litigation or arbitration proceedings, whether as plaintiffs or defendants, which, if decided against the applicable TME Group Company, would constitute a TME Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.09 <U>Real Property</U>. No TME Group Company has ever owned any real property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.10 <U>Compliance with Laws and Permits</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) All material Permits necessary to enable the TME Group Companies to conduct the TME Business have been obtained and are valid and
subsisting and each TME Group Company has in all material respects complied with all such Permits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each TME Group Company has, to the
Knowledge of TME, conducted its business in compliance in all material respects with all applicable Laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Without limiting the
generality of<U> Section&nbsp;3.10(a)</U> and<U> Section&nbsp;3.10(b)</U>, except as disclosed in<U> Section&nbsp;3.10(c)</U> of the TME Disclosure Letter, to the Knowledge of TME, each record or beneficial direct or indirect holder of shares of
capital stock of TME who is a resident of the PRC, if any, has completed and maintained all required registrations with, and obtained all required approvals from, the applicable Governmental Body of the PRC in connection with his or her ownership or
holding of securities of TME, including completing the registration and filing (including any amendment thereto) with the competent State Administration of Foreign Exchange (the &#147;<U>SAFE</U>&#148;) pursuant to the Circular of the State
Administration of Foreign Exchange on Relevant Issues relating to the Administration of Foreign Exchange concerning Fund Raising Outbound Investment and Round-Trip Investment through Offshore Special Purpose Vehicles by Domestic Residents<BR>


<IMG SRC="g494294snap3_new.jpg" ALT="LOGO">



<IMG SRC="g494294snap4.jpg" ALT="LOGO">
 and its implementing, supplemental or replacement rules issued from time to time by the SAFE and other Governmental Bodies of the PRC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.11 <U>Tax Representations</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) All material Tax Returns required to be filed by, or on behalf of, any TME Group Company have been filed with the appropriate Taxing
Authorities in all jurisdictions in which such Tax Returns are required to be filed, and all such Tax Returns were, at the time of such filing, in material compliance with all applicable Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) To the Knowledge of TME, all Taxes assessed, which have become due and payable by the TME Group Companies, irrespective of the period to
which they relate, prior to the date hereof, have been fully and timely paid (subject to any applicable extensions or grace periods) or adequate provisions for such Taxes have been made on the latest balance sheet included in the Interim TME
Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) No TME Group Company has received any written notice from any Taxing Authority in a jurisdiction in which such
TME Group Company does not file Tax Returns to the effect that it is or may be subject to taxation by, or required to file any Tax Return in, such jurisdiction. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Each TME Group Company which is required to be registered is registered for the purposes
of VAT in each jurisdiction in which it is required to be registered, has complied in all material respects with all legislation concerning VAT and has made and kept up to date records, invoices and other documents appropriate for the purposes of
such legislation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.12 <U>Sufficiency of Assets</U>. The properties, rights and assets (tangible and intangible and including,
without limitation, licensed rights) of the TME Group Companies are, and as of the Closing will be, all of the properties, rights and assets (tangible and intangible) necessary and sufficient to conduct and operate the TME Business substantially in
the manner conducted as of the date hereof and as it will be conducted as of the Closing Date in all material respects. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.13
<U>Employment Matters</U>. No labor dispute exists or, to the Knowledge of TME, is threatened with respect to any of the employees of the TME Group Companies which would constitute a TME Material Adverse Effect. The TME Group Companies are in
compliance, and have complied, with all applicable Laws relating to employment and employment practices, terms and conditions of employment, and collective bargaining, except where the failure to be in compliance does not constitute a TME Material
Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.14 <U>Transaction with Affiliates</U>. There is no Contract other than on arm&#146;s length terms between any
of the TME Group Companies, on the one hand, and any Related Party of TME, on the other hand. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.15 <U>Anticorruption
Compliance</U>. In the past five (5)&nbsp;years, TME and, to the Knowledge of TME, its controlled Affiliates and their respective directors, managers, officers, employees, agents and all other Persons acting for or on behalf of TME or any of its
controlled Affiliates (each, a &#147;<U>TME Agent</U>&#148;) have not taken any action in violation of any applicable Anticorruption Laws which would reasonably be expected, individually or in the aggregate, to be material to the TME Group
Companies, taken as a whole. In the past five (5)&nbsp;years, none of TME or, to the Knowledge of TME, any of its controlled Affiliates, or any of their respective directors, managers, officers, employees, agents or other Persons acting for or on
behalf of TME or any of its controlled Affiliates has, directly or indirectly, (i)&nbsp;offered, paid, promised to pay, or authorized the payment of any money, or offered, given, promised to give, or authorized the giving of anything of value, to
any Government Official or to any Person under circumstances where TME or any TME Agent knew or had reason to believe that all or a portion of such money or thing of value would be offered, given, or promised, directly or indirectly, to any
Government Official, in each case for the purpose of (A)&nbsp;improperly influencing any act or decision of such Government Official in his or her official capacity; (B)&nbsp;improperly inducing such Government Official to perform or omit to perform
any activity related to his or her legal duties; (C)&nbsp;securing any improper advantage; or (D)&nbsp;improperly inducing such Government Official to influence or affect any act or decision of any Governmental Body, in each case, in order to assist
TME or any TME Agent in obtaining or retaining business for or with, or in directing business to, TME or any other Person; (ii)&nbsp;used any corporate funds or assets for </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
unlawful contributions, gifts, entertainment, expenses or other unlawful conduct relating to political activity; (iii)&nbsp;made, offered, promised, authorized, solicited, or received any bribe,
rebate, payoff, influence payment, kickback or other similar payment, whether directly or indirectly, to or from any private commercial entity for the purpose of gaining an improper business advantage in violation of applicable Anticorruption Laws;
or (iv)&nbsp;taken any action that would constitute a violation of, or cause TME to be in violation of, or failed to take any action in violation of, any applicable Anticorruption Law. In the past five (5)&nbsp;years, none of TME or, to the
Knowledge of TME, any of TME&#146;s controlled Affiliates or any of their respective directors, managers, officers, employees or agents have received any written notices alleging any violation of any applicable Anticorruption Law or conducted any
internal investigations with respect to any actual or alleged violation of any applicable Anticorruption Law which would reasonably be expected, individually or in the aggregate, to be material to the TME Group Companies, taken as a whole. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.16 <U>Compliance with Sanctions Laws</U>. In the past five (5)&nbsp;years, none of TME or any of TME&#146;s Subsidiaries or, to the
Knowledge of TME, any of their respective directors, managers, officers, employees, agents or other third parties acting on behalf of TME or any of TME&#146;s Subsidiaries has taken any action or made any omission in violation of any applicable Law
relating to (A)&nbsp;economic sanctions or embargoes, including any applicable OFAC Sanctions or (B)&nbsp;money laundering or (C)&nbsp;terrorism, in each of cases (A)&nbsp;through (C), which action or omission would reasonably be expected,
individually or in the aggregate, to be material to the TME Group Companies, taken as a whole. None of TME or any of TME&#146;s Subsidiaries is (A)&nbsp;an OFAC Sanctioned Person or (B)&nbsp;a Person that is subject to any sanctions of the European
Union, the PRC or the Cayman Islands by Order of Her Majesty in Council. Neither TME nor any of its Subsidiaries has received any notice, and no proceeding or claim is pending or, to the Knowledge of TME, threatened, alleging that TME or any of
TME&#146;s Subsidiaries is not, or has not been in the past five (5)&nbsp;years, in compliance with the Laws referred to in the immediately preceding sentence. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.17 <U>Securities Matters</U>. The Acquired Spotify Shares are being acquired by TME Hong Kong for its own account and not with a
view to, or for the offer or sale in connection with, any public distribution or sale, within the meaning of the Securities Act, of the Acquired Spotify Shares or any interest therein. TME Hong Kong has sufficient knowledge and experience in
financial and business matters to be capable of evaluating the merits and risks of its investment in the Acquired Spotify Shares, and TME Hong Kong is capable of bearing the economic risks of such investment, including a complete loss of its
investment in the Acquired Spotify Shares. TME acknowledges that the Acquired Spotify Shares have not been registered under the Securities Act or any other applicable securities Laws and understands and agrees that TME Hong Kong may not sell or
dispose of any of the Acquired Spotify Shares, except pursuant to a registered offering in compliance with, or in a transaction exempt from, the registration requirements of the Securities Act and any other applicable securities Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.18 <U>Investment Company</U>. TME is not an &#147;Investment Company&#148; or directly or indirectly controlled by or acting on
behalf of any Person which is an &#147;Investment Company&#148; within the meaning of the U.S. Investment Company Act of 1940, as amended. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.19 <U>Brokers</U>. Except as set forth on<U> Section&nbsp;3.19</U> of the TME
Disclosure Letter, no broker, finder or investment banker is entitled to any brokerage, finder&#146;s or other fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of any
TME Group Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.20 <U>Non-Reliance on Estimates</U>. The Spotify Parties have made available to the TME Parties, and may
continue to make available, certain estimates, projections and other forecasts for the business of Spotify and certain plan and budget information. Without limiting the representations and warranties set forth in<U> Article IV</U> in any respect,
each TME Party acknowledges and agrees that (i)&nbsp;these estimates, projections, forecasts, plans and budgets and the assumptions on which they are based were prepared for specific purposes and may vary significantly from each other,
(ii)&nbsp;there are uncertainties inherent in attempting to make such estimates, projections, forecasts, plans and budgets, (iii)&nbsp;the TME Parties are taking full responsibility for making their own evaluation of the adequacy and accuracy of all
estimates, projections, forecasts, plans and budgets so furnished to them (including the reasonableness of the assumptions underlying such estimates, projections, forecasts, plans and budgets), (iv)&nbsp;neither TME Party is relying on any
estimates, projections, forecasts, plans or budgets furnished by any Spotify Group Company or its Affiliates and their respective Representatives or the accuracy or completeness thereof, and (v)&nbsp;each TME Party shall not, and shall cause its
Affiliates and their respective Representatives not to, hold any such Person liable with respect thereto, except as set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.21 <U>No Other Representations or Warranties</U>. Each TME Party acknowledges that, except for the representations and warranties of
Spotify contained in <U>Article IV</U>, the Spotify Parties are not making and have not made, and no other Person is making or has made on behalf of any Spotify Party, any express or implied representation or warranty in connection with this
Agreement or the transactions contemplated hereby, and any such other representations and warranties are expressly disclaimed. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article IV
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>REPRESENTATIONS AND WARRANTIES OF SPOTIFY</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Except as set forth in the correspondingly numbered Sections of the Spotify Disclosure Letter delivered in connection with this Agreement (the
&#147;<U>Spotify Disclosure Letter</U>&#148;) (<U>provided</U>,<U> however</U>, that disclosure of any fact or item in the Spotify Disclosure Letter shall, should the existence of such fact or item be relevant to any other Section of this<U> Article
IV</U>, be deemed disclosed with respect to such other Section of this <U>Article IV</U>, but only to the extent that such relevance is reasonably apparent on the face of such disclosure), Spotify hereby represents and warrants to the TME Parties as
follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.01 <U>Corporate Organization</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Each Spotify Group Company is duly organized, validly existing and, where applicable, in good standing under the Laws of its jurisdiction
of organization and has all requisite company power and authority to own, lease, operate or otherwise use its assets, rights and properties and to conduct its business as it is currently conducted. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Section&nbsp;4.01(b)</U> of the Spotify Disclosure Letter sets forth a true, complete
and correct list of each Governing Document of Spotify to which TME or TME Hong Kong will become subject upon the consummation of the Spotify Shares Issuance. A true, correct and complete copy of each Governing Document set forth in<U>
Section&nbsp;4.01(b)</U> of the TME Disclosure Letter has been made available to the TME Parties by Spotify. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) None of the Spotify
Group Companies has filed (or has had filed against it) any petition for its winding-up, is insolvent under the Laws of its jurisdiction of organization, or has made any assignment in favour of its creditors, nor has any petition for receivership or
any administration order been presented in respect of such Spotify Group Company. None of the Spotify Group Companies has initiated any proceedings with respect to a compromise or arrangement with its creditors or for its dissolution, liquidation or
reorganization or the winding- up or cessation of the business currently conducted. No receiver or administrative receiver or liquidator has been appointed in respect of any Spotify Group Company or any of its material properties, rights or assets.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.02 <U>Authority</U>. Each of the Spotify Parties has all requisite power and authority to execute, deliver and perform this
Agreement and the Other Transaction Agreements and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Other Transaction Agreements, the performance by each of the Spotify Parties of
its obligations hereunder and thereunder and the consummation by each of the Spotify Parties of the transactions contemplated hereby and thereby have been duly and validly authorized and approved by all necessary corporate and other similar actions
on the part of each Spotify Party (including by the board of directors or similar governing body of such Spotify Party), and no other corporate or other similar action or proceedings on the part of either Spotify Party is necessary to authorize and
approve the execution, delivery and performance of this Agreement and the Other Transaction Agreements or the consummation of the transactions contemplated hereby and thereby. This Agreement has been, and the Other Transaction Agreements will be,
duly and validly executed and delivered by each Spotify Party, and when executed and delivered by such Spotify Party (assuming due authorization, execution and delivery by the other parties hereto or thereto), constitute valid and binding
obligations of such Spotify Party, enforceable against such Spotify Party in accordance with their respective terms, except as enforcement may be limited by the Enforceability Limitations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.03 <U>Capitalization</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Section&nbsp;4.03(a)</U> of the Spotify Disclosure Letter sets forth, as of November 13, 2017, the issued share capital of Spotify, the
number of issued and outstanding Spotify Securities and, on a collective basis for certain categories of holders of Spotify Securities, the ownership thereof;<U> provided</U>,<U> however</U>, that the representations set forth in this<U>
Section&nbsp;4.03(a)</U> shall not apply to any Contracts between shareholders to which Spotify is not a party. Spotify has no class of shares of capital stock authorized other than the Spotify Shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The shares of the Spotify Group Companies other than Spotify are owned as set forth in<U> Section&nbsp;4.03(b)</U> of the Spotify
Disclosure Letter. All shares of the Spotify Group Companies have been duly authorized and validly issued and are fully paid and, where applicable, non-assessable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The shares of the Spotify Group Companies (other than Spotify) are not subject to any
Lien, there is no Contract to give or create any Lien in respect of any shares of any Spotify Group Company (other than Spotify), and no claim has been made by any Person to hold or be entitled to any Lien in respect of any shares of any Spotify
Group Company (other than Spotify). The material properties, rights and assets of the Spotify Group Companies are not subject to any Liens, there is no Contract to give or create any Lien in respect of the material properties, rights and assets of
the Spotify Group Companies, and no claim has been made by any Person (including by any Person entitled to Liens arising by operation of Law) to hold or be entitled to any Lien in respect of the material properties, rights and assets the Spotify
Group Companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) No Spotify Group Company has any indebtedness, financial liabilities or financial obligations of any nature, except
for indebtedness, financial liabilities or financial obligations (i)&nbsp;reflected or reserved in the Spotify Financial Statements, or (ii)&nbsp;incurred after September&nbsp;30, 2017 in the Ordinary Course of Business, or (iii)&nbsp;that would not
constitute a Spotify Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Except as disclosed in<U> Section&nbsp;4.03(e)</U> of the Spotify Disclosure Letter,
there are no Contracts of any character whatsoever relating to, or securities or rights convertible or exchangeable for, or calling for, the issuance, allotment or delivery of any Spotify Securities or any securities in any Spotify Group Company or
rights to exercise voting rights or any other similar right, which bind any Spotify Group Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) The Acquired Spotify Shares will,
when issued to TME Hong Kong at the Closing pursuant to this Agreement, (i)&nbsp;have been duly authorized, validly issued, fully paid and, where applicable, non-assessable and (ii)&nbsp;represent 4.91706% of the Fully Diluted share capital of
Spotify as of the Closing after giving effect to the issuance of the Acquired Spotify Shares. Upon the entry of TME Hong Kong as holder of the Acquired Spotify Shares in the shareholders&#146; register of Spotify in the manner contemplated by<U>
Section&nbsp;2.04</U>, TME Hong Kong will be the legal owner of, and have good, valid and marketable title to, the Acquired Spotify Shares, free and clear of all Liens and Permitted Liens. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) Spotify AB is a wholly owned Subsidiary of Spotify and no Person other than Spotify owns any capital stock of Spotify AB. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) No anti-dilution right, pre-emptive right, right of participation, right of first refusal, right of first offer or similar right of any
Person will become exercisable as a result of (i)&nbsp;the Spotify Shares Issuance, (ii)&nbsp;the issuance of Spotify Shares upon the conversion or exchange, as applicable, of the Convertible Notes in connection with the Tencent Hong Kong Secondary
Purchase, or (iii)&nbsp;the issuance of a total of 11,786 Spotify Shares in connection with an acquisition identified to TME prior to the date hereof, except, in the case of clause (i), as set forth in<U> Section&nbsp;4.03(h)</U> of the Spotify
Disclosure Letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.04 <U>No Governmental Authorization; Non-Contravention</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) No Governmental Consent is or will be required in connection with the execution, delivery
and performance by the Spotify Parties of this Agreement and the Other Transaction Agreements and the consummation of the transactions contemplated hereby and thereby, except for such Governmental Consents the failure of which to obtain, make or
give does not constitute a Spotify Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The execution, delivery and performance of this Agreement and the Other
Transaction Agreements by the Spotify Parties and the consummation of the transactions contemplated hereby and thereby do not and will not (i)&nbsp;conflict with, violate or result in a breach of any provision of the Governing Documents of either
Spotify Party, (ii)&nbsp;violate or constitute a breach of or default (with notice or lapse of time, or both), permit termination, modification or acceleration, or cause the forfeiture of any right, under any provision of any material Contract by
which any Spotify Group Company is bound or to which any Spotify Group Company is subject, or (iii)&nbsp;conflict with or violate any Law applicable to any Spotify Group Company, or by which any of its properties, rights or assets are bound or
affected, or result in the creation of, or require the creation of, any Lien upon any properties, rights or assets of any Spotify Group Company, except, in the case of clauses (ii)&nbsp;and (iii), for any such items that would not constitute a
Spotify Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.05 <U>Spotify Financial Statements</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Section&nbsp;4.05(a)</U> of the Spotify Disclosure Letter includes true, complete and correct copies of the audited consolidated
statement of financial position of Spotify as of December&nbsp;31, 2016 and the related consolidated statements of income, changes in equity and cash flow for the year then ended (the &#147;<U>Audited Spotify Financial Statements</U>&#148;). The
Audited Spotify Financial Statements have been prepared in accordance with applicable Laws and applicable IFRS as in effect as of December&nbsp;31, 2016, and fairly present, in all material respects, the financial position and results of operations
of the Spotify Group Companies as of and for the period ending on December&nbsp;31, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Section&nbsp;4.05(b)</U> of the Spotify
Disclosure Letter includes true, complete and correct copies of the unaudited consolidated statement of financial position of Spotify as of September&nbsp;30, 2017 and the related consolidated statements of operations and cash flow for the nine
months ended September&nbsp;30, 2017 (the &#147;<U>Unaudited Spotify Financial Statements</U>&#148; and, together with the Audited Spotify Financial Statements, including the related notes and schedules thereto, the &#147;<U>Spotify Financial
Statements</U>&#148;). The Unaudited Spotify Financial Statements have been prepared in good faith on the basis of the Spotify Group Companies&#146; books of accounts without the intention to deceive or mislead. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Since December&nbsp;31, 2016, (i)&nbsp;the Spotify Business has been conducted in the Ordinary Course of Business in all material
respects, and (ii)&nbsp;there has not been any Spotify Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.06 <U>Intellectual Property</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) To the Knowledge of Spotify, the Spotify Group Companies own or have a valid right to use all Intellectual Property Rights, database
rights, and design rights required for the Spotify Business as currently conducted, except as would not constitute a Spotify Material Adverse Effect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) As of the date hereof, (i)&nbsp;all of the registered Intellectual Property Rights owned
by the Spotify Group Companies are in full force and effect and there are no defects in the Spotify Group Companies&#146; title to, or right to use, any such registered Intellectual Property Rights and (ii)&nbsp;other than licenses granted by the
Spotify Group Companies, there are no Liens (or obligations to grant Liens) on the Intellectual Property Rights owned by the Spotify Group Companies, except, in the case of clauses (i)&nbsp;and (ii), as would not constitute a Spotify Material
Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Subject to intra-group licenses and except in accordance with the Contracts set forth in <U>Section&nbsp;4.06(c)</U>
of the Spotify Disclosure Letter or in the Ordinary Course of Business, no Spotify Group Company has granted any material licenses or assignments under or in respect of any Intellectual Property Rights, database rights, or design rights owned by
such Spotify Group Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) To the Knowledge of Spotify, there is no unauthorized use of any Intellectual Property Rights, database
rights, or design rights owned by any Spotify Group Company that infringes, misappropriates, invalidates or dilutes any right comprised in such Intellectual Property Rights, database rights, or design rights to the extent of having a Spotify
Material Adverse Effect. None of the Spotify Group Companies has received any written notice of the alleged infringement, misappropriation of or conflict with any Intellectual Property Rights, database rights, design rights or moral rights owned by
any third party, except for notices involving matters that, if they were resolved unfavorably to any Spotify Group Company, would not constitute a Spotify Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Each Spotify Group Company has taken reasonable steps in accordance with industry standard practices to protect the security of its trade
secrets and its software, databases, systems, networks, and Internet sites and information stored or contained therein or transmitted thereby from unauthorized or improper access. To the Knowledge of Spotify, there has been no unauthorized or
improper access to or use of the foregoing that constitutes a Spotify Material Adverse Effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) There has been no material
interruption that constituted a Spotify Material Adverse Effect at any time during the twenty-four (24)&nbsp;months prior to the date hereof as a result of any defect relating to any information technology systems or applications (including the
technical platform and client software) required for the Spotify Business as currently conducted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) To the Knowledge of Spotify, all of
the source code for any proprietary software necessary to operate the material information technology systems and applications that the Spotify Group Companies have developed (including the technical platform and all of the client software) is in
the possession or control of the Spotify Group Companies. To the Knowledge of Spotify, there are no material escrow arrangements with respect to such source code other than those that have been made available to the TME Parties. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) The Spotify Group Companies take commercially reasonable efforts designed to ensure that
no Open Source Software has been combined with software developed by or for the Spotify Group Companies (either by employees or independent contractors) and licensed, conveyed or made available by the Spotify Business in a way that requires that
such software be, in a manner that constitutes a Spotify Material Adverse Effect, (i)&nbsp;disclosed or distributed in source code form, (ii)&nbsp;licensed for the purpose of making derivative works, (iii)&nbsp;redistributable at no charge or
(iv)&nbsp;to the Knowledge of Spotify, otherwise licensed or distributed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Except as would not constitute a Spotify Material Adverse
Effect, (i)&nbsp;to the Knowledge of Spotify, the Spotify Group Companies have complied with all applicable Laws relating to privacy and data security, and with their published privacy policies in effect at the time, with respect to the collection,
use, disclosure and transfer of personally identifiable information, (ii)&nbsp;the Spotify Group Companies use commercially reasonable technical and organizational measures to protect personally identifiable information against unauthorized access,
disclosure, use, modification or other misuse or misappropriation, and (iii)&nbsp;to the Knowledge of Spotify, there has been no unauthorized or accidental access, acquisition, disclosure, intrusion or breach of security of personally identifiable
information maintained by or on behalf of the Spotify Group Companies that has not been reported to the affected individuals or any Governmental Body if such reporting was required by any applicable Laws relating to privacy or security personally
identifiable information, nor are there any currently pending or outstanding complaints, notices to, or claims asserted by any Person (including any Governmental Body) regarding the collection, use, transmission, disclosure or sharing of personally
identifiable information by the Spotify Group Companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) This<U> Section&nbsp;4.06</U> and<U> Section&nbsp;4.07</U> constitute the
sole and exclusive representations and warranties of the Spotify Group Companies with respect to the infringement, violation or misappropriation of or conflict with any third-party Intellectual Property Rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.07 <U>Litigation</U>. None of the Spotify Group Companies is engaged in any ongoing litigation or arbitration proceedings, whether
as plaintiffs or defendants, which, if decided against the applicable Spotify Group Company, would constitute a Spotify Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.08 <U>Real Property</U>. No Spotify Group Company has ever owned any real property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.09 <U>Compliance with Laws and Permits</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) All material Permits necessary to enable the Spotify Group Companies to conduct the Spotify Business have been obtained and are valid and
subsisting and each Spotify Group Company has in all material respects complied with all such Permits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each Spotify Group Company
has, to the Knowledge of Spotify, conducted its business in compliance in all material respects with all applicable Laws. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.10 <U>Tax Representations</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) All material Tax Returns required to be filed by, or on behalf of, any Spotify Group Company have been filed with the appropriate Taxing
Authorities in all jurisdictions in which such Tax Returns are required to be filed, and all such Tax Returns were, at the time of such filing, in material compliance with all applicable Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) To the Knowledge of Spotify, all Taxes assessed, which have become due and payable by the Spotify Group Companies, irrespective of the
period to which they relate, prior to the date hereof, have been fully and timely paid (subject to any applicable extensions or grace periods) or adequate provisions for such Taxes have been made on the balance sheet included in the Unaudited
Spotify Financial Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) No Spotify Group Company has received any written notice from any Taxing Authority in a jurisdiction in
which such Spotify Group Company does not file Tax Returns to the effect that it is or may be subject to taxation by, or required to file any Tax Return in, such jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Each Spotify Group Company which is required to be registered is registered for the purposes of VAT in each jurisdiction in which it is
required to be registered, has complied in all material respects with all legislation concerning VAT and has made and kept up to date records, invoices and other documents appropriate for the purposes of such legislation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.11 <U>Employment Matters</U>. No labor dispute exists, or to the Knowledge of Spotify, is threatened with respect to any of the
employees of the Spotify Group Companies which would constitute a Spotify Material Adverse Effect. The Spotify Group Companies are in compliance, and have complied, with all applicable Laws relating to employment and employment practices, terms and
conditions of employment, and collective bargaining, except where the failure to be in compliance does not constitute a Spotify Material Adverse Effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.12 <U>Sufficiency of Assets</U>. The properties, rights and assets (tangible and intangible and including without limitation,
licensed rights) of the Spotify Group Companies are, and as of the Closing will be, all of the properties, rights and assets (tangible and intangible) necessary and sufficient to conduct and operate the Spotify Business substantially in the manner
conducted as of the date hereof and as it will be conducted as of the Closing Date in all material respects. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.13 <U>Transaction
with Affiliates</U>. There is no Contract other than on arm&#146;s length terms between any of the Spotify Group Companies, on the one hand, and any Related Party of Spotify, on the other hand. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.14 <U>Anticorruption Compliance</U>. In the past five (5)&nbsp;years, Spotify and, to the Knowledge of Spotify, its controlled
Affiliates and their respective directors, managers, officers, employees, agents and all other Persons acting for or on behalf of Spotify or any of its controlled Affiliates (each, a &#147;<U>Spotify Agent</U>&#148;) have not taken any action in
violation of any applicable Anticorruption Laws which would reasonably be expected, individually or in the aggregate, to be material to the Spotify Group Companies, taken as a whole. In the past five (5)
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
years, none of Spotify or, to the Knowledge of Spotify, any of its controlled Affiliates or any of their respective directors, managers, officers, employees, agents or other Persons acting for or
on behalf of Spotify or any of its controlled Affiliates has, directly or indirectly, (i)&nbsp;offered, paid, promised to pay, or authorized the payment of any money, or offered, given, promised to give, or authorized the giving of anything of
value, to any Government Official or to any Person under circumstances where Spotify or any Spotify Agent knew or had reason to believe that all or a portion of such money or thing of value would be offered, given, or promised, directly or
indirectly, to any Government Official, in each case for the purpose of (A)&nbsp;improperly influencing any act or decision of such Government Official in his or her official capacity; (B)&nbsp;improperly inducing such Government Official to perform
or omit to perform any activity related to his or her legal duties; (C)&nbsp;securing any improper advantage; or (D)&nbsp;improperly inducing such Government Official to influence or affect any act or decision of any Governmental Body, in each case,
in order to assist Spotify or any Spotify Agent in obtaining or retaining business for or with, or in directing business to, Spotify or any other Person; (ii)&nbsp;used any corporate funds or assets for unlawful contributions, gifts, entertainment,
expenses or other unlawful conduct relating to political activity; (iii)&nbsp;made, offered, promised, authorized, solicited, or received any bribe, rebate, payoff, influence payment, kickback or other similar payment, whether directly or
indirectly, to or from any private commercial entity for the purpose of gaining an improper business advantage in violation of applicable Anticorruption Laws; or (iv)&nbsp;taken any action that would constitute a violation of, or cause Spotify to be
in violation of, or failed to take any action in violation of, any applicable Anticorruption Law. In the past five (5)&nbsp;years, none of Spotify or, to the Knowledge of Spotify, any of Spotify&#146;s controlled Affiliates or any of their
respective directors, managers, officers, employees or agents have received any written notices alleging any violation of any applicable Anticorruption Law or conducted any internal investigations with respect to any actual or alleged violation of
any applicable Anticorruption Law which would reasonably be expected, individually or in the aggregate, to be material to the Spotify Group Companies, taken as a whole. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.15 <U>Compliance with Sanctions Laws</U>. In the past five (5)&nbsp;years, none of Spotify or any of Spotify&#146;s Subsidiaries or,
to the Knowledge of Spotify, any of their respective directors, managers, officers, employees, agents or other third parties acting on behalf of Spotify or any of Spotify&#146;s Subsidiaries has taken any action or made any omission in violation of
any applicable Law relating to (A)&nbsp;economic sanctions or embargoes, including any applicable OFAC Sanctions or (B)&nbsp;money laundering or (C)&nbsp;terrorism, in each of cases (A)&nbsp;through (C), which action or omission would reasonably be
expected, individually or in the aggregate, to be material to the Spotify Group Companies, taken as a whole. None of Spotify or any of Spotify&#146;s Subsidiaries is (A)&nbsp;an OFAC Sanctioned Person or (B)&nbsp;a Person that is subject to any
sanctions of the European Union, the PRC or the Cayman Islands by Order of Her Majesty in Council. Neither Spotify nor any of its Subsidiaries has received any notice, and no proceeding or claim is pending or, to the Knowledge of Spotify,
threatened, alleging that Spotify or any of Spotify&#146;s Subsidiaries is not, or has not been in the past five (5)&nbsp;years, in compliance with the Laws referred to in the immediately preceding sentence. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.16 <U>Securities Matters</U>. The Acquired TME Shares and the Top-Up TME Shares (if any) are being acquired by Spotify AB for its
own account and not with a view to, or for the offer or sale in connection with, any public distribution or sale, within the meaning of the Securities Act, of the Acquired TME Shares and the Top-Up TME Shares (if any) or any
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
interest therein. Spotify AB has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of its investment in the Acquired TME
Shares and the Top-Up TME Shares (if any), and Spotify AB is capable of bearing the economic risks of such investment, including a complete loss of its investment in the Acquired TME Shares and the Top-Up TME Shares (if any). Spotify acknowledges
that the Acquired TME Shares and the Top-Up TME Shares (if any) have not been registered under the Securities Act or any other applicable securities Laws and understands and agrees that Spotify AB may not sell or dispose of any of the Acquired TME
Shares and the Top-Up TME Shares (if any), except pursuant to a registered offering in compliance with, or in a transaction exempt from, the registration requirements of the Securities Act and any other applicable securities Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.17 <U>Investment Company</U>. Spotify is not an &#147;Investment Company&#148; or directly or indirectly controlled by or acting on
behalf of any Person which is an &#147;Investment Company&#148; within the meaning of the U.S. Investment Company Act of 1940, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.18 <U>Brokers</U>. Except as set forth on<U> Section&nbsp;4.18</U> of the Spotify Disclosure Letter, no broker, finder or investment
banker is entitled to any brokerage, finder&#146;s or other fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of any Spotify Group Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.19 <U>Non-Reliance on Estimates</U>. The TME Parties have made available to the Spotify Parties, and may continue to make available,
certain estimates, projections and other forecasts for the business of TME and certain plan and budget information. Without limiting the representations and warranties set forth in <U>Article III</U> in any respect, each Spotify Party acknowledges
and agrees that (i)&nbsp;these estimates, projections, forecasts, plans and budgets and the assumptions on which they are based were prepared for specific purposes and may vary significantly from each other, (ii)&nbsp;there are uncertainties
inherent in attempting to make such estimates, projections, forecasts, plans and budgets, (iii)&nbsp;the Spotify Parties are taking full responsibility for making their own evaluation of the adequacy and accuracy of all estimates, projections,
forecasts, plans and budgets so furnished to them (including the reasonableness of the assumptions underlying such estimates, projections, forecasts, plans and budgets), (iv)&nbsp;neither Spotify Party is relying on any estimates, projections,
forecasts, plans or budgets furnished by any TME Group Company or its Affiliates and their respective Representatives or the accuracy or completeness thereof, and (v)&nbsp;each Spotify Party shall not, and shall cause its Affiliates and their
respective Representatives not to, hold any such Person liable with respect thereto, except as set forth in this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.20
<U>No Other Representations or Warranties</U>. Each Spotify Party acknowledges that, except for the representations and warranties of TME contained in<U> Article III</U>, the TME Parties are not making and have not made, and no other Person is
making or has made on behalf of any TME Party, any express or implied representation or warranty in connection with this Agreement or the transactions contemplated hereby, and any such other representations and warranties are expressly disclaimed.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article V </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>COVENANTS </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.01
<U>Conduct of Business of TME Prior to Closing</U>. Except as (i)&nbsp;required by applicable Law, (ii)&nbsp;expressly required or permitted by this Agreement, (iii)&nbsp;set forth in<U> Section&nbsp;5.01</U> of the TME Disclosure Letter or
(iv)&nbsp;otherwise consented to in writing by Spotify, from the date hereof until the earlier of (A)&nbsp;the termination of this Agreement in accordance with its terms and (B)&nbsp;the Closing, TME shall, and shall cause each TME Group Company to,
conduct the TME Business in the Ordinary Course of Business in all material respects. Without limiting the generality of the foregoing, from the date hereof until the earlier of (x)&nbsp;the termination of this Agreement in accordance with its terms
and (y)&nbsp;the Closing, TME shall not offer, sell or issue any TME Securities other than in connection with transactions reallocating TME Shares outstanding between holders of options to purchase TME Shares and holders of TME Shares that do not
change the number of TME Shares outstanding as of the date of this Agreement;<U> provided</U>, that such transactions shall not prevent or materially delay the consummation of the transactions contemplated by this Agreement and the Other Transaction
Agreements;<U> provided</U>,<U> further</U>, that TME shall not effect any such transaction that, at any time prior to the receipt of the Required Shareholder Approval, would result in the shareholders of TME which are parties to the Voting
Agreement no longer owning at least seventy-five percent (75%)&nbsp;of the then issued and outstanding TME Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.02
<U>Conduct of Business of Spotify Prior to Closing</U>. Except as (i)&nbsp;required by applicable Law, (ii)&nbsp;expressly required or permitted by this Agreement, (iii)&nbsp;set forth in<U> Section&nbsp;5.02</U> of the Spotify Disclosure Letter or
(iv)&nbsp;otherwise consented to in writing by TME, from the date hereof until the earlier of (A)&nbsp;the termination of this Agreement in accordance with its terms and (B)&nbsp;the Closing, Spotify shall, and shall cause each Spotify Group Company
to, conduct the Spotify Business in the Ordinary Course of Business in all material respects. Without limiting the generality of the foregoing, from the date hereof until the earlier of (x)&nbsp;the termination of this Agreement in accordance with
its terms and (y)&nbsp;the Closing, Spotify shall not offer, sell or issue any Spotify Securities other than (1)&nbsp;Spotify Shares upon the exercise of options to purchase Spotify Shares that have been granted and are issued and outstanding as of
the date hereof and are set forth in item 3 of Annex 4.03(a) of the Spotify Disclosure Letter or (2)&nbsp;in the Ordinary Course of Business; provided, that such offering, sale or issuance of Spotify Securities shall not prevent or materially delay
the consummation of the transactions contemplated by this Agreement and the Other Transaction Agreements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.03 <U>TME
Shareholders Meeting</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) TME shall, in accordance with its applicable Governing Documents, duly call and give notice of, and convene
as promptly as practicable following the date of this Agreement, a meeting of its shareholders for the purpose of obtaining the Required Shareholder Approval (the &#147;<U>TME Shareholders Meeting</U>&#148;). TME shall (i)&nbsp;include the TME Board
Recommendation in the meeting notice, (ii)&nbsp;recommend at the TME Shareholders Meeting that the shareholders of TME approve this Agreement and the transactions contemplated hereby and adopt the Restated Articles and (iii)&nbsp;use its reasonable
best efforts to obtain and solicit the Required Shareholder Approval. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Subject to applicable fiduciary duties, the board of directors of TME shall not
(i)&nbsp;withdraw, qualify or modify, in any manner adverse to any Spotify Party, the TME Board Recommendation, (ii)&nbsp;authorize, approve, recommend or otherwise declare advisable any proposal or action that could reasonably be expected to
interfere, prevent or materially delay the consummation of the transactions contemplated by this Agreement and the Other Transaction Agreements, or (iii)&nbsp;fail to include the TME Board Recommendation in the meeting notice for the TME
Shareholders Meeting (each of the actions referred to in clauses (i)&nbsp;through (iii)&nbsp;above, a &#147;<U>Change in Recommendation</U>&#148;). Notwithstanding any Change in Recommendation, unless this Agreement has been terminated in accordance
with its terms, TME shall submit the approval of this Agreement and the transactions contemplated hereby and the adoption of the Restated Articles for a vote by the shareholders of TME at the TME Shareholders Meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.04 <U>Reasonable Best Efforts</U>. During the period from the date of this Agreement until the earlier of (i)&nbsp;the termination
of this Agreement in accordance with its terms and (ii)&nbsp;the Closing, each of the TME Parties and the Spotify Parties shall (and each of TME and Spotify shall cause their respective Subsidiaries to) (A)&nbsp;use its reasonable best efforts to do
or cause to be done, and to assist and cooperate with the other Parties in doing, all things necessary and reasonably advisable under applicable Laws or otherwise to consummate and make effective (and in any event prior to the Spotify Termination
Date) the transactions contemplated by this Agreement and the Other Transaction Agreements on a timely basis, including using reasonable best efforts to give such notices and obtain all other authorizations, consents, orders and approvals of all
Governmental Bodies and other third parties that may become necessary to consummate the transactions contemplated by this Agreement and the Other Transaction Agreements and (B)&nbsp;not take any action that could reasonably be expected to interfere,
prevent or materially delay the consummation of the transactions contemplated by this Agreement and the Other Transaction Agreements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.05 <U>Shareholders Agreement</U>. Prior to the Closing, TME shall cause the Shareholders Agreement to be executed and delivered by
the Required Shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.06 <U>Confidentiality</U>. The Parties hereby agree and acknowledge that that certain letter
agreement, dated July&nbsp;17, 2017, by and among Spotify, Spotify AB, TME and Tencent Holdings Limited (as amended on November&nbsp;9, 2017, the &#147;<U>Confidentiality Agreement</U>&#148;) shall hereby be amended to continue in full force and
effect until the earlier of the Closing and the termination of this Agreement in accordance with<U> Section&nbsp;8.01</U>, at which time (i)&nbsp;if this Agreement shall have been terminated, the Confidentiality Agreement shall continue in full
force and effect in accordance with its terms and (ii)&nbsp;if the Closing shall have occurred, the Confidentiality Agreement shall automatically terminate except with respect to the parties&#146; non- disclosure obligations set forth therein, which
shall continue in full force and effect until the second (2<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP>)&nbsp;anniversary of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.07 <U>Tencent Hong Kong Secondary Purchase</U>. As of the date hereof, the board of directors of Spotify shall have approved the
amendment or exchange of one or more of the Convertible Notes to permit the conversion of a portion thereof into, or the exchange of a portion thereof for, at least 120,000 Spotify Shares to be issued to the holder(s) of such Convertible Notes for
purposes of consummating the Tencent Hong Kong Secondary Purchase. Spotify hereby agrees, subject to, and concurrently with, the consummation of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Tencent Hong Kong Secondary Purchase, to (i)&nbsp;amend one or more of the Convertible Notes to permit the conversion of the applicable portion thereof into, or exchange the applicable portion of
the Convertible Notes for, at least 120,000 Spotify Shares to be issued to the holder(s) of such Convertible Notes for purposes of consummating the Tencent Hong Kong Secondary Purchase, (ii)&nbsp;issue the number of Spotify Shares into or for which
the applicable portion of the Convertible Notes was converted or exchanged and (iii)&nbsp;update the shareholders&#146; register of Spotify to reflect the issuance of such Spotify Shares upon such conversion or exchange. Upon the consummation of the
Tencent Hong Kong Secondary Purchase, Spotify shall update the shareholders&#146; register of Spotify to reflect the transfer of the Spotify Shares into or for which the applicable portion of the Convertible Notes was converted or exchanged by the
holder of such Convertible Notes to Tencent Hong Kong pursuant to the Tencent Hong Kong Secondary Purchase. Without limiting the foregoing, Spotify shall use its reasonable best efforts to assist and cooperate with Tencent Hong Kong to consummate
the Tencent Hong Kong Secondary Purchase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.08 <U>TME Equity Offering and TME Shares Distribution</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Spotify AB hereby irrevocably waives, effective as of the Closing and conditioned on the effectiveness of the Min River Waiver, any right
that it may have to receive TME Shares pursuant to the TME Shares Distribution (or any other distribution, right, consideration or asset in lieu thereof); <U>provided</U> that such waiver shall be exclusively limited to Spotify AB&#146;s right to
receive TME Shares in the TME Shares Distribution and shall in no event apply to any subsequent or other dividends or other distributions declared, paid or made by TME. TME shall not distribute or issue to any shareholder or any other Person in
connection with the TME Shares Distribution any of the TME Shares otherwise distributable to (i)&nbsp;Min River in the absence of the Min River Waiver or (ii)&nbsp;Spotify AB in the absence of the waiver set forth in this
<U>Section&nbsp;5.08(a)</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) TME shall consummate the Distribution to Other Shareholders promptly following the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Immediately following the Closing, TME Hong Kong shall transfer to Tencent Hong Kong 50% of the Acquired Spotify Shares pursuant to, and
TME and TME Hong Kong shall otherwise fully perform their obligations under, the share transfer agreement between TME, TME Hong Kong and Tencent Hong Kong (an executed copy of which has been provided to Spotify). Spotify hereby consents to such
transfer and waives any notice requirement, including under Section&nbsp;2.04 of the TME Investor Agreement, with respect to such transfer. Spotify shall update its shareholders&#146; register to reflect such transfer upon notice of its
consummation. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article VI <U> </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>CONDITIONS TO CLOSING </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 6.01 <U>Conditions to Obligations of Each Party</U>. The respective obligations of each Party to consummate the TME Shares Issuance
and the Spotify Shares Issuance shall be subject to the satisfaction or waiver (to the extent permitted by applicable Law) by each Party, at or prior to the Closing, of each of the following conditions: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) No Governmental Body shall have enacted, issued, promulgated, enforced or entered any Law
which is then in effect (whether temporary, preliminary or permanent) and has the effect of enjoining, restraining, prohibiting or otherwise making the consummation of the transactions contemplated by this Agreement illegal (an
&#147;<U>Injunction</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Required Shareholder Approval shall have been obtained. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Restated Articles shall have been duly adopted by TME and shall be in full force and effect as of the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The Shareholders Agreement shall have been duly executed and delivered by the Required Shareholders and shall be in full force and effect
as of the Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 6.02 <U>Conditions to Obligations of the TME Parties</U>. The obligations of the TME Parties to consummate the
TME Shares Issuance and the Spotify Shares Issuance shall be subject to the satisfaction or, to the extent permitted by applicable Law, waiver by TME, at or prior to the Closing, of each of the following additional conditions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)(i) The representations and warranties of Spotify contained in <U>Section&nbsp;4.01</U>, <U>Section&nbsp;4.02</U>,
<U>Section&nbsp;4.03(a)</U>, <U>Section&nbsp;4.03(f)</U>, <U>Section&nbsp;4.03(g)</U>, <U>Section 4.05(c)</U> and <U>Section&nbsp;4.18</U> shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date (except
for such representations and warranties set forth therein that expressly speak as of a specified date, in which case such representations and warranties shall be true and correct in all respects as of such specified date), and (ii)&nbsp;the other
representations and warranties of Spotify contained in <U>Article IV</U> (A)&nbsp;that are qualified by materiality, Spotify Material Adverse Effect or similar materiality qualification contained therein shall be true and correct in all respects,
and (B)&nbsp;that are not qualified by materiality, Spotify Material Adverse Effect or similar materiality qualification contained therein, shall be true and correct in all material respects, in each case of clauses (A)&nbsp;and (B), as of the date
of this Agreement and as of the Closing Date (except for such representations and warranties set forth therein that expressly speak as of a specified date, in which case such representations and warranties shall be, in the case of clause (A), true
and correct in all respects and, in the case of clause (B), true and correct in all material respects, in each case as of such specified date). TME shall have received a certificate, dated as of the Closing Date, signed by an authorized
representative of Spotify to the foregoing effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Spotify Parties shall have performed and complied in all material respects
with all agreements, covenants and obligations contained in this Agreement that are required to be performed or complied with by them at or prior to the Closing. TME shall have received a certificate, dated as of the Closing Date, signed by an
authorized representative of Spotify to the foregoing effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 6.03 <U>Conditions to Obligations of the Spotify Parties</U>. The
obligations of the Spotify Parties to consummate the TME Shares Issuance and the Spotify Shares Issuance shall be subject to the satisfaction or, to the extent permitted by applicable Law, waiver by Spotify, at or prior to the Closing, of each of
the following additional conditions: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)(i) The representations and warranties of TME contained in <U>Section&nbsp;3.01</U>,
<U>Section&nbsp;3.02</U>, <U>Section&nbsp;3.03(a)</U>, <U>Section&nbsp;3.03(f)</U>, <U>Section&nbsp;3.03(g)</U>, <U>Section&nbsp;3.03(h)</U>, <U>Section 3.06(e)</U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
and <U>Section&nbsp;3.19</U> shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date (except for such representations and warranties set forth
therein that expressly speak as of a specified date, in which case such representations and warranties shall be true and correct in all respects as of such specified date), and (ii)&nbsp;the other representations and warranties of TME contained in
<U>Article III</U> (A)&nbsp;that are qualified by materiality, TME Material Adverse Effect or similar materiality qualification contained therein shall be true and correct in all respects, and (B)&nbsp;that are not qualified by materiality, TME
Material Adverse Effect or similar materiality qualification contained therein shall be true and correct in all material respects, in each case of clauses (A)&nbsp;and (B), as of the date of this Agreement and as of the Closing Date (except for such
representations and warranties set forth therein that expressly speak as of a specified date, in which case such representations and warranties shall be, in the case of clause (A), true and correct in all respects and, in the case of clause (B),
true and correct in all material respects, in each case as of such specified date). Spotify shall have received a certificate, dated as of the Closing Date, signed by an authorized representative of TME to the foregoing effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The TME Parties shall have performed and complied in all material respects with all agreements, covenants and obligations contained in
this Agreement that are required to be performed or complied with by them at or prior to the Closing. Spotify shall have received a certificate, dated as of the Closing Date, signed by an authorized representative of TME to the foregoing effect.
</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article VII <U> </U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>INDEMNIFICATION </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION
7.01 <U>Survival</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The representations and warranties set forth in <U>Article III</U> and in <U>Article IV</U> shall survive the
Closing for a period of eighteen (18)&nbsp;months following the Closing; <U>provided</U>, <U>however</U>, that the representations and warranties set forth in <U>Section&nbsp;3.01</U> (<I>Corporate Organization</I>), <U>Section&nbsp;3.02</U>
(<I>Authority</I>), <U>Section&nbsp;3.03(a)</U> (<I>Capitalization</I>), <U>Section&nbsp;3.03(f)</U> (<I>Title</I> <I>to Acquired TME Shares</I>), <U>Section&nbsp;3.03(h)</U> (<I>Title to Top-Up TME Shares</I>), <U>Section&nbsp;4.01</U>
(<I>Corporate Organization</I>), <U>Section&nbsp;4.02</U> (<I>Authority</I>), <U>Section&nbsp;4.03(a)</U> (<I>Capitalization</I>) and <U>Section&nbsp;4.03(f)</U> (<I>Title to Acquired Spotify Shares</I>) (collectively, the &#147;<U>Fundamental
Representations</U>&#148;) shall each survive indefinitely. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) All covenants and agreements of the Parties made in this Agreement which
by their terms are required to be performed, in whole or in part, by such Person following the date of this Agreement shall each survive in accordance with their respective terms, and any claims for indemnification in respect of any breach of such
covenants or agreements shall each survive the date of this Agreement until the expiration of the applicable statute of limitations (as that may have been extended). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Parties agree that (i)&nbsp;in this <U>Article VII</U> they intend to shorten, in the case of the limited survival periods specified
in this <U>Section&nbsp;7.01</U>, the applicable statute of limitations period with respect to certain claims, (ii)&nbsp;notices for claims in respect of a breach of a representation, warranty, covenant or agreement must be delivered prior to the
expiration of the applicable survival period specified in this <U>Section&nbsp;7.01</U> for such representation, warranty, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
covenant or agreement and (iii)&nbsp;any claims for indemnification for which notice is not timely made for purposes of this <U>Article VII</U> shall be expressly barred and are hereby waived;<U>
provided</U> that, if any claim for indemnification asserted within any such survival period as herein provided shall have been timely made for purposes of this<U> Article VII</U>, the representation, warranty, covenant or agreement that is the
subject of such claim, to the extent of such claim only, shall survive until such claim has been fully and finally resolved in accordance with the terms of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.02 <U>Indemnification</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Subject to the provisions of this<U> Article VII</U>, from and after the Closing TME shall, to the extent permitted by applicable Law,
indemnify, defend and hold harmless the Spotify Parties, their respective Affiliates and their and their respective Affiliates&#146; respective officers, directors, equity holders, employees, agents, attorneys and other representatives and their
respective successors and permitted assigns (each, an &#147;<U>Spotify Indemnified Party</U>&#148;) from and against, and reimburse each Spotify Indemnified Party for, any and all Losses actually incurred or suffered by any Spotify Indemnified Party
to the extent arising out of any of the following, without duplication: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) any breach of any representation or warranty
made by TME in this Agreement or in any certificate delivered by TME pursuant to<U> Section&nbsp;6.03(a)</U>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) any
breach of, or failure by, the TME Parties to perform, any of their respective covenants, agreements or obligations set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Subject to the provisions of this<U> Article VII</U>, from and after the Closing Spotify shall, to the extent permitted by applicable Law,
indemnify, defend and hold harmless the TME Parties, their respective Affiliates and their and their respective Affiliates&#146; respective officers, directors, equity holders, employees, agents, attorneys and other representatives and their
respective successors and permitted assigns (each, an &#147;<U>TME Indemnified Party</U>&#148;) from and against, and reimburse each TME Indemnified Party for, any and all Losses actually incurred or suffered by any TME Indemnified Party to the
extent arising out of any of the following, without duplication: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) any breach of any representation or warranty made by
Spotify in this Agreement or in any certificate delivered by Spotify pursuant<U> Section&nbsp;6.02(a)</U>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) any
breach of, or failure by, the Spotify Parties to perform, any of their respective covenants, agreements or obligations set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.03 <U>Limitations on Indemnification</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) No individual claim (or series of related claims arising from substantially the same underlying facts, events or circumstances) pursuant
to<U> Section&nbsp;7.02(a)(i)</U> or <U>Section&nbsp;7.02(b)(i)</U> by a Spotify Indemnified Party or TME Indemnified Party, as applicable, may be asserted (and no Spotify Indemnified Party or TME Indemnified Party shall be entitled to
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
indemnification with respect to any such claim (or series of related claims arising from substantially the same underlying facts, events or circumstances)) unless the aggregate amount of Losses
that would be payable with respect to such claim (or series of related claims arising from substantially the same underlying facts, events or circumstances) exceeds an amount equal to $500,000 (the &#147;<U>De Minimis Amount</U>&#148;), and any such
individual claim (or series of related claims arising from substantially the same underlying facts, events or circumstances) for amounts less than the De Minimis Amount shall not be applied to or considered for purposes of determining whether the
Basket has been satisfied or whether any of the caps set forth in this<U> Section&nbsp;7.03</U> have been satisfied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Except in the
case of a breach of any Fundamental Representation, no Indemnifying Party shall have any liability or obligation to any Spotify Indemnified Party or TME Indemnified Party, as applicable, under<U> Section&nbsp;7.02(a)(i)</U> or
<U>Section&nbsp;7.02(b)(i)</U> unless and until the aggregate Losses incurred by all Spotify Indemnified Parties or TME Indemnified Parties, as applicable, thereunder exceed $12,000,000 (the &#147;<U>Basket</U>&#148;), in which case, any Indemnified
Party shall be entitled to make a claim against the Indemnifying Party for any Losses from dollar one (but, for the avoidance of doubt, excluding any claims or series of related claims arising from substantially the same underlying facts, events or
circumstances that do not exceed the De Minimis Amount). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The maximum aggregate liability of (i)&nbsp;TME to any Spotify Indemnified
Party under<U> Section&nbsp;7.02(a)(i)</U> (other than for breaches of the Fundamental Representations) and (ii)&nbsp;Spotify to any TME Indemnified Party under<U> Section&nbsp;7.02(b)(i)</U> (other than for any breaches of the Fundamental
Representations), in each case, shall be an amount equal to $500,000,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Without limiting<U> Section&nbsp;7.03(c)</U>, the maximum
aggregate liability of (i)&nbsp;TME to any Spotify Indemnified Party under<U> Section&nbsp;7.02(a)</U> and (ii)&nbsp;Spotify to any TME Indemnified Party under<U> Section&nbsp;7.02(b)</U>, in each case, shall be an amount equal to the TME Shares
Purchase Price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) For purposes of applying the indemnification remedies provided in this <U>Article VII</U>, when calculating the
amount of any Losses relating thereto, in each case, the representations and warranties made by the Indemnifying Party in this Agreement shall be considered and applied without regard to any reference as to materiality, TME Material Adverse Effect,
Spotify Material Adverse Effect or similar materiality qualifications set forth therein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) The amount for which any Indemnifying Party
shall be liable with respect to any Loss incurred by any Indemnified Party shall be reduced (i)&nbsp;to the extent that such Indemnified Party shall theretofore have actually realized any proceeds (net of any costs or expenses expended by such
Indemnified Party in seeking such proceeds, including the present value of any increases in insurance premiums) recovered from third parties (including insurers) with respect to such Loss or any of the events, conditions, facts or circumstances
resulting in such Loss and (ii)&nbsp;by the amount of any net Tax Benefit realized by such Indemnified Party (<U>provided</U>,<U> however</U>, that such Tax Benefit is actually recognized in the tax year prior to or in which the Loss is incurred).
If an Indemnified Party shall have received or shall have had paid on its behalf an indemnity payment with respect to a Loss pursuant to this<U> Article VII</U> and shall subsequently receive, directly or indirectly, such proceeds, then such
Indemnified Party shall </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
promptly (and in any event within five (5)&nbsp;Business Days after receipt of such proceeds) pay to the Indemnifying Party the net amount of such proceeds or, if less, the amount of the
indemnity payment that such Indemnified Party received or has had paid on its behalf pursuant to this <U>Article VII</U>. The Indemnified Party shall use its commercially reasonable efforts to recover under insurance policies or indemnity,
contribution or other similar agreements other than this Agreement for any Losses to the same extent such Party would if such Losses were not subject to indemnification, compensation or reimbursement hereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) An Indemnified Party shall be deemed to recognize a &#147;<U>Tax Benefit</U>&#148; with respect to a taxable year only if, and to the
extent that, such Indemnified Party&#146;s liability for income taxes in such taxable year, calculated by excluding any tax deductions or tax credits attributable to the Loss with respect to which it has been indemnified, exceeds the Indemnified
Party&#146;s actual liability for income taxes in such taxable year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) For purposes of applying the indemnification remedies provided
in this <U>Article VII</U>, a breach of any representation or warranty made by TME or Spotify shall not give rise to any indemnification claim hereunder to the extent, in the case of a breach of a representation or warranty made on the date of this
Agreement, such breach results solely from the enactment of any Tax Law with retroactive effect after the date hereof and, in the case of a breach of a representation or warranty made as of the Closing Date, such breach results solely from the
enactment of any Tax Law with retroactive effect after the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.04 <U>Claims Procedure</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Notification by the Indemnified Party</U>. If any Indemnified Party becomes aware of any fact, matter or circumstance that may give
rise to a claim for indemnification under this<U> Article VII</U>, the Indemnified Party shall (at its own expense) as soon as reasonably practicable thereafter notify the Indemnifying Party in writing of any claim in respect of which indemnity may
be sought under this<U> Article VII</U>, including any pending or threatened claim or demand by a third party that the Indemnified Party has determined has given or could reasonably give rise to a right of indemnification under this Agreement (each,
a &#147;<U>Third Party Claim</U>&#148;), setting out in reasonable detail the provisions under this Agreement on which such claim is based, the basis thereof (including, where the claim is the result of a Third Party Claim, reasonably available
evidence of the Third Party Claim) and setting out in reasonable detail its estimate of the amount of Losses to the extent known and quantifiable which are, or are to be, the subject of the claim;<U> provided</U>, that the failure to provide such
notice shall not release the Indemnifying Party from any of its obligations under this <U>Article VII</U> except to the extent that the Indemnifying Party is actually prejudiced by such failure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Cooperation by the Indemnified Party</U><I>.</I> The Indemnified Party shall reasonably cooperate with and assist the Indemnifying
Party in determining the validity of any claim for indemnity by the Indemnified Party and in defending against a Third Party Claim, if the Indemnifying Party elects to assume the defense pursuant to<U> Section&nbsp;7.04(c)</U>, at the Indemnifying
Party&#146;s expense. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Assumption of Defense of a Third Party Claim</U>. Upon receipt of a written notice of a claim for indemnity
from an Indemnified Party pursuant to<U> Section&nbsp;7.04(a)</U> in respect </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
of a Third Party Claim, the Indemnifying Party may, by notice to the Indemnified Party delivered within fifteen (15)&nbsp;Business Days of the receipt of such notice of such Third Party Claim (or
such lesser number of days set forth in such notice as may be required by court proceedings in the event of a litigated matter), assume the defense and control of any Third Party Claim, with its own counsel (reasonably acceptable to the Indemnified
Party) and at its own expense, but shall allow the Indemnified Party a reasonable opportunity to participate in the defense of such Third Party Claim with its own counsel and at its own expense;<U> provided</U>, that notwithstanding the foregoing,
the Indemnified Party shall be entitled to retain or assume, as applicable, the defense and control of any Third Party Claim and hire its own counsel (and the reasonable fees and expenses of such counsel shall be borne by the Indemnifying Party) if
(i)&nbsp;after assuming the defense and control of such Third Party Claim, the Indemnifying Party fails to actively and diligently pursue such Third Party Claim (after the Indemnified Party has notified the Indemnifying Party of such failure and the
Indemnifying Party does not cure such failure within twenty (20)&nbsp;Business Days following receipt of such notice) or the Indemnifying Party withdraws from such defense or (ii)&nbsp;such Third Party Claim does not involve only monetary damages,
is a criminal or quasi-criminal action or seeks any material injunction or other material equitable relief against any Indemnified Party;<U> provided</U>,<U> further</U>, that if the Indemnifying Party and the Indemnified Party are both named
parties to the proceedings and, in the reasonable judgment of counsel to the Indemnified Party, the representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them, then the
Indemnified Party shall be entitled to participate in the defense with one separate counsel (and one additional separate local counsel in each applicable jurisdiction) at the expense of the Indemnifying Party. The Indemnifying Party shall not,
without the prior written consent of the Indemnified Party consent to a settlement, compromise or discharge of, or the entry of any judgment arising from, any Third Party Claim, unless such settlement, compromise, discharge or entry of any judgment
only involves the payment of monetary damages and does not involve any finding or admission of any violation of Law or admission of any wrongdoing by the Indemnified Party and does not involve injunctive or other equitable relief, and the
Indemnifying Party shall obtain, as a condition of any settlement, compromise, discharge, entry of judgment (if applicable), or other resolution, a complete and unconditional release of each Indemnified Party from any and all liabilities in respect
of such Third Party Claim. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The Indemnified Party shall not settle, compromise or consent to the entry of any judgment with respect to
any claim or demand for which it is seeking indemnification from the Indemnifying Party hereunder or admit to any liability with respect to such claim or demand without the prior written consent of the Indemnifying Party (such consent not to be
unreasonably withheld, conditioned or delayed). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>Direct Claims</U>. Any action by an Indemnified Party on account of any Losses
which do not result from a Third Party Claim (a &#147;<U>Direct Claim</U>&#148;) shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof, but in any event not later than sixty (60)&nbsp;days
after the Indemnified Party becomes aware of such Direct Claim;<U> provided</U> that the failure to provide such notice shall not release the Indemnifying Party from any of its obligations under this<U> Article VII</U> except to the extent that the
Indemnifying Party is actually prejudiced by such failure. Such notice by the Indemnified Party shall describe the Direct Claim in reasonable detail, the basis thereof and set forth the estimated amount, if reasonably obtainable and quantifiable, of
the Losses that have been or may be suffered by the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Indemnified Party (the &#147;<U>Losses Estimate</U>&#148;). The Indemnifying Party shall have thirty (30)&nbsp;days after the receipt of such notice to respond in writing to such Direct Claim. If
the Indemnifying Party does not so respond within such thirty (30)&nbsp;day period, the Indemnifying Party shall be deemed to have accepted such claim, in which case the Indemnifying Party shall be obligated to pay the Indemnified Party for such
Direct Claim. If the Indemnifying Party contests the payment of the Losses Estimate, then the Indemnifying Party and the Indemnified Party shall use good faith efforts to arrive at a mutually acceptable resolution of such dispute within the next
thirty (30)&nbsp;days. If a mutually acceptable resolution cannot be reached between the Indemnifying Party and the Indemnified Party within such 30-day period, then the applicable Person shall thereupon be entitled to pursue such remedies as may be
available to it under this Agreement. Upon a reasonable request by the Indemnifying Party, each Indemnified Party seeking indemnification hereunder in respect of any Direct Claim hereby agrees to consult with the Indemnifying Party and use
commercially reasonable efforts to take actions reasonably requested by the Indemnifying Party in order to attempt to reduce the amount of Losses in respect of such Direct Claim;<U> provided</U>, that any costs, expenses or fees incurred in
connection therewith shall be deemed to be Losses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.05 <U>Satisfaction of Indemnification Obligations</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Upon the final determination of the Indemnifying Party&#146;s obligation to indemnify any Indemnified Party for any Losses pursuant to
this<U> Article VII</U>, the Indemnifying Party shall be required, at the sole and exclusive election of Spotify (if TME is the Indemnifying Party) or TME (if Spotify is the Indemnifying Party), to either (i)&nbsp;make a cash payment to the
Indemnified Party (or another Person designated by Spotify or TME, as applicable, in its sole and absolute discretion) by wire transfer of immediately available funds or (ii)(A) if TME is the Indemnifying Party, cause TME Hong Kong to sell,
transfer, assign, convey and deliver to Spotify (or another Person designated by Spotify in its sole and absolute discretion) all or a portion of any Spotify Securities owned beneficially or of record by the Indemnifying Party or its controlled
Affiliates in exchange and as consideration for the satisfaction of TME&#146;s indemnification obligation for such Losses and (B)&nbsp;if Spotify is the Indemnifying Party, cause Spotify AB to sell, transfer, assign, convey and deliver to TME (or
another Person designated by TME in its sole and absolute discretion) all or a portion of any TME Securities owned beneficially or of record by the Indemnifying Party or its controlled Affiliates in exchange and as consideration for the satisfaction
of Spotify&#146;s indemnification obligation for such Losses (it being understood that the Indemnified Party shall have the right to elect to have its Losses indemnified by a cash payment, the sale, transfer, assignment, conveyance and delivery of
Spotify Securities or TME Securities, as applicable, or a combination thereof, in each case, to satisfy the aggregate amount of Losses that the Indemnified Party is entitled to be indemnified for hereunder). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) For purposes of this<U> Section&nbsp;7.05</U>, the number of Spotify Securities or TME Securities, as applicable, to be sold, transferred,
assigned, conveyed and delivered to Spotify and TME, respectively, shall be calculated by dividing (i)&nbsp;the amount of the Indemnified Party&#146;s Losses for which it is finally determined the Indemnified Party is entitled to indemnification
under<U> Section&nbsp;7.02</U> and with respect to which the Indemnified Party has elected to repurchase Spotify Securities or TME Securities, as applicable, from the Indemnifying Party, by (ii)(A) if the Spotify Securities or TME Securities, as
applicable, are publicly traded on a </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">43 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
national securities exchange in the United States or a non-U.S. securities exchange, the volume weighted average of the price per Spotify Security or TME Security, as applicable, for the ninety
(90)&nbsp;trading days ending on (and including) the trading day prior to the day of the final determination of the applicable indemnification claim in accordance with this<U> Section&nbsp;7.05</U>, as obtained from Bloomberg L.P. (or, if not
reported therein, from another authoritative source) and (B)&nbsp;if the Spotify Securities or TME Securities, as applicable, are not so publicly traded, the per share value of the Spotify Securities or TME Securities, as applicable (the
&#147;<U>Per Share Value</U>&#148;) as of the day prior to the day of the final determination of the applicable Indemnifying Party&#146;s obligation to indemnify any Indemnified Party for any Losses pursuant to this<U> Article VII</U>, determined by
an internationally recognized valuation firm that is independent from the Indemnifying Party and the Indemnified Party and that shall be selected by the Indemnified Party and reasonably acceptable to the Indemnifying Party (the
&#147;<U>Expert</U>&#148;), which determination shall, absent manifest error, be conclusive, final, non-appealable and binding upon the Indemnifying Party and the Indemnified Party. The Indemnifying Party shall bear the fees and expenses of the
Expert, and such fees and expenses shall be added to the amount of the Indemnified Party&#146;s Losses referred to in the foregoing clause (i)&nbsp;for purposes of determining the number of Spotify Securities or TME Securities, as applicable, to be
sold, transferred, assigned, conveyed and delivered to the Indemnified Party pursuant to this <U>Section&nbsp;7.05</U>. The Indemnifying Party and the Indemnified Party shall provide reasonable cooperation to the Expert in determining the Per Share
Value pursuant to this<U> Section&nbsp;7.05</U>. Any sale, transfer, assignment, conveyance and delivery of any Spotify Securities or TME Securities, as applicable, under this Agreement shall be consummated promptly and in any event no later than
ten (10)&nbsp;Business Days after the later of (x)&nbsp;the applicable claim for indemnification has been finally determined and (y)&nbsp;if applicable, the determination of the Per Share Value by the Expert. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Any claim, action, suit, arbitration or proceeding by or before any Governmental Body and the liability for and amount of damages
therefor, shall be deemed to be &#147;finally determined&#148; for purposes of this <U>Article VII</U> when the Parties have so determined by mutual agreement or, if disputed, when a final non-appealable Order has been entered into with respect to
such claim, action, suit, arbitration or proceeding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.06 <U>Tax Treatment of Indemnification</U>. The Parties agree to treat any
indemnification made pursuant to this<U> Article VII</U> as an adjustment to the TME Shares Purchase Price or the Spotify Shares Purchase Price, as applicable, unless otherwise required by applicable Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.07 <U>Exclusive Remedy</U>. From and after the Closing, except in the case of a Willful Breach, the Parties hereby acknowledge and
agree that, (i)&nbsp;the indemnification provisions of this<U> Article VII</U> shall be the sole and exclusive remedies of the Indemnified Parties with respect to any and all Losses arising from this Agreement or the transactions contemplated
hereby, (ii)&nbsp;except as set forth in, and without limiting the provisions of, this<U> Article VII</U> and <U>Section&nbsp;9.14</U> (<I>Specific Performance</I>), neither TME Parties nor the Spotify Parties shall be liable or responsible in any
manner whatsoever (whether for indemnification or otherwise) to any Indemnified Party for any breach of any representation or warranty of TME or Spotify made in this Agreement or any breach, nonfulfillment or default in the performance of any
covenant or agreement of the TME Parties or the Spotify Parties in this Agreement and (iii)&nbsp;anything herein to the contrary notwithstanding, no breach of any representation or warranty of TME or Spotify
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">44 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
made in this Agreement, or breach, nonfulfillment or default in the performance of any covenant or agreement of the TME Parties or the Spotify Parties in this Agreement shall give rise to any
right on the part of any Indemnified Party, after the consummation of the transactions contemplated by this Agreement and the Other Transaction Agreements, to rescind this Agreement, any of the Other Transaction Agreements or any of the transactions
contemplated hereby or thereby or to any further indemnification rights or monetary claims of any nature whatsoever in respect thereof (whether by contract, common law, Law or otherwise), all of which the Parties hereby waive. Nothing in this
<U>Section&nbsp;7.07</U> shall limit any Party&#146;s right to seek and obtain any equitable relief to which such Party may be entitled pursuant to<U> Section&nbsp;9.14</U> (<I>Specific Performance</I>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.08 <U>Contingent Liabilities</U>. No Indemnifying Party shall be liable under this<U> Article VII</U> in respect of any Loss which
is contingent unless and until such contingent Loss becomes an actual liability and is due and payable;<U> provided</U>, that a notice of a Third Party Claim or Direct Claim may be delivered hereunder prior thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.09 <U>No Waiver of Contractual Representations and Warranties</U>. The Parties agree that the Indemnified Parties&#146; rights to
indemnification under this <U>Article VII</U> for the representations and warranties set forth herein are part of the basis of the bargain contemplated by this Agreement, and the Indemnified Parties&#146; rights to indemnification shall not be
affected or waived in any respect by virtue of (and the Spotify Parties and the TME Parties shall be deemed to have relied upon the representations and warranties set forth herein notwithstanding) any knowledge on the part of the Spotify Parties of
any inaccuracy of any of the representations or warranties of TME and on the part of the TME Parties of any inaccuracy of any of the representations or warranties of Spotify, in each case, set forth in this Agreement, regardless of whether such
knowledge was obtained through such Party&#146;s own investigation or through disclosure by the other Party or any other Person, and regardless of whether such knowledge was obtained before or after execution and delivery of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.10 <U>No Duplication</U>. Any Losses subject to indemnification hereunder shall be determined without duplication of recovery by
reason of the state of facts giving rise to such Losses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 7.11 <U>No Offset</U>. No Indemnifying Party shall have any right to set
off any payment due under this Agreement or any other agreement by or among the Parties (or their respective Affiliates) against any other payments to be made pursuant to this Agreement, any such other agreement or otherwise. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article VIII <U> </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>TERMINATION </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 8.01
<U>Termination</U>. This Agreement may be terminated at any time prior to the Closing: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) by the mutual written consent of the Parties;
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">45 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) by either TME by written notice to Spotify or by Spotify by written notice to TME, in the
event that any Governmental Body having competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any Injunction which shall have become final and non-appealable; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) by either TME by written notice to Spotify or by Spotify by written notice to TME, in the event that the Required Shareholder Approval
shall not have been obtained at the TME Shareholders Meeting; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) by Spotify by written notice to TME, in the event that the Closing
shall not have occurred on or before December&nbsp;19, 2017 (New York time) (the &#147;<U>Spotify Termination Date</U>&#148;);<U> provided</U>, that the right to terminate this Agreement pursuant to this <U>Section&nbsp;8.01(d)</U> shall not be
available to Spotify if any Spotify Party&#146;s breach of, or failure to fulfill, any of its obligations under this Agreement has been the primary cause of, or primarily resulted in, the failure to consummate the Closing by the Spotify Termination
Date; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) by TME by written notice to Spotify, in the event that the Closing shall not have occurred on or before January&nbsp;8, 2018
(New York time) (the &#147;<U>TME Termination Date</U>&#148;); provided, that the right to terminate this Agreement pursuant to this <U>Section&nbsp;8.01(e)</U> shall not be available to TME if any TME Party&#146;s breach of, or failure to fulfill,
any of its obligations under this Agreement has been the primary cause of, or primarily resulted in, the failure to consummate the Closing by the TME Termination Date; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) by TME by written notice to Spotify, if (i)&nbsp;any Spotify Party shall have breached any representation, warranty, covenant or agreement
set forth in this Agreement, and (ii)&nbsp;such breach would cause any of the conditions set forth in<U> Section&nbsp;6.02</U> not to be satisfied; <U>provided</U>,<U> however</U>, that TME shall not have the right to terminate this Agreement
pursuant to this<U> Section&nbsp;8.01(f)</U> if any TME Party is then in material breach of this Agreement that would result in any of the conditions set forth in <U>Section&nbsp;6.03</U> not to be satisfied; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) by Spotify by written notice to TME, if (i)&nbsp;any TME Party shall have breached any representation, warranty, covenant or agreement set
forth in this Agreement, and (ii)&nbsp;such breach would cause any of the conditions set forth in <U>Section&nbsp;6.03</U> not to be satisfied; <U>provided</U>,<U> however</U>, that Spotify shall not have the right to terminate this Agreement
pursuant to this <U>Section&nbsp;8.01(g)</U> if any TME Party is then in material breach of this Agreement that would result in any of the conditions set forth in <U>Section&nbsp;6.02</U> not to be satisfied. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 8.02 <U>Effect of Termination</U>. In the event of termination of this Agreement pursuant to<U> Section&nbsp;8.01</U>, this Agreement
shall forthwith become void and there shall be no liability under this Agreement on the part of any Party except that nothing herein shall relieve any Party from liability for any Willful Breach of this Agreement that occurred before such
termination and the terms of this<U> Section&nbsp;8.02</U>, <U>Section&nbsp;5.06</U> (<I>Confidentiality</I>) and<U> Article IX</U> (<I>Miscellaneous</I>) shall survive any such termination. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">46 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Article IX </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>MISCELLANEOUS </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION
9.01 <U>Expenses and Taxes</U>. Each Party shall bear its own costs and expenses incurred in connection with the negotiation, execution and delivery of this Agreement and the consummation of the transactions contemplated hereby. Each Party shall
bear its own Taxes assessed or incurred in connection with the consummation of the transactions contemplated by this Agreement in accordance with applicable Laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.02 <U>Publicity</U>. Any initial press release or releases made by, or caused to be made by, any Party with respect to the execution
and delivery of this Agreement shall be jointly agreed upon by the Parties. Following such initial press release or releases, neither Party shall make, or cause to be made, any additional press release or public announcement in respect of this
Agreement or the transactions contemplated by this Agreement without the prior written consent of the other Parties, except to the extent required by applicable Law (including applicable securities Laws) or applicable securities exchange regulation;
<U>provided</U>,<U> however</U>, that the Parties may make any press release or other public announcement (including to analysts, investors or other attending industry conferences or analyst or investor conference calls) to the extent that such
release or announcement contains no information in respect of this Agreement or the transactions contemplated by this Agreement other than information in respect of this Agreement or the transactions contemplated by this Agreement previously
publicly disclosed in accordance with this <U>Section&nbsp;9.02</U> and is otherwise consistent in all material respects with previous statements made by the Parties in accordance with this <U>Section&nbsp;9.02</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.03 <U>Amendment</U>. This Agreement may be amended, modified or supplemented only by an agreement in writing executed by all of the
Parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.04 <U>Notices</U>. Unless otherwise provided herein, all notices and other communications hereunder shall be in
writing and shall be deemed given and received if transmitted by electronic mail (with confirmation of receipt by the recipient, which confirmation shall be promptly delivered by the recipient if so requested by the sender in the applicable notice
or other communication), on the Business Day after the date on which such notice is sent to the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If to TME or TME Hong Kong, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Tencent Music Entertainment Group </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">7F, China Technology Trade Center </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">NO.66 North 4th Ring West Road </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Hai Dian District, Beijing </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">P.R.China 100080 </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Hsiang Zhao </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">E-mail:</TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">47 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">with a copy (which copy alone shall not constitute notice) to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Davis Polk&nbsp;&amp; Wardwell </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Hong Kong Club Building </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">3A
Chater Road, 18/F </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Hong Kong </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Miranda So </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Email:</TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If to Spotify or Spotify AB, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Spotify AB </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">attn. Corporate
Legal </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Birger Jarlsgatan 61 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">113 56 Stockholm </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Sweden </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">with a copy (which copy alone shall not constitute notice) to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Simpson Thacher&nbsp;&amp; Bartlett LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">425 Lexington Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">New York,
New York 10017 </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Alan M. Klein </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Sebastian Tiller </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">E-mail:</TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.05 <U>Waivers</U>. Any Party may waive in whole or in part any benefit or right
provided to it under this Agreement, such waiver being effective only if contained in a writing executed by the waiving Party. The failure of a Party at any time or times to require performance of any provision hereof shall in no manner affect its
right at a later time to enforce the same. No waiver by a Party of any condition or of any breach of any term, covenant, representation or warranty contained in this Agreement shall be effective unless in writing, and no waiver in any one or more
instances shall be deemed to be a further or continuing waiver of any such condition or breach in other instances or a waiver of any other condition or breach of any other term, covenant, representation or warranty. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.06 <U>Successors and Assignment</U>. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their
respective permitted successors and assigns. Neither this Agreement, nor any of the rights, interests or obligations hereunder shall be assigned by any of the Parties, in whole or in part (whether by operation of law or otherwise), without the prior
written consent of the other Parties, and any attempt to make any such assignment without such consent shall be null and void. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION
9.07 <U>No Third-Party Beneficiaries</U>. Except as otherwise expressly provided in<U> Article VII</U> with respect to the Indemnified Parties (which shall be express third </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">48 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
party beneficiaries with respect to<U> Article VII</U>), this Agreement is solely for the benefit of the Parties and no provision of this Agreement shall be deemed to confer upon any other Person
any remedy, claim, liability, reimbursement, cause of action or other right. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.08 <U>Severability</U>. If any provision of this
Agreement shall be held invalid, illegal or unenforceable, the validity, legality or enforceability of the other provisions hereof shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and
enforceable provision as similar as possible to the provision at issue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.09 <U>Entire Understanding</U>. This Agreement
(including the TME Disclosure Letter and the Spotify Disclosure Letter), the Confidentiality Agreement and the Other Transaction Agreements set forth the sole and entire agreement and understanding of the Parties with respect to the transactions
contemplated hereby and thereby and all inducements to the making of this Agreement relied upon by the Parties and supersede any and all prior representations, warranties, agreements, arrangements and understandings, both written and oral, among the
Parties relating to the subject matter of this Agreement, the Confidentiality Agreement and the Other Transaction Agreements (including that certain non-binding term sheet, dated August&nbsp;21, 2017, by and among the Parties). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.10 <U>Governing Law</U>. Except to the extent that mandatory provisions of the Laws of Luxembourg are applicable, this Agreement and
its enforcement, and any controversy arising out of or relating to the making or performance of this Agreement, shall be governed by and construed in accordance with the law of the State of New York, without regard to New York&#146;s principles of
conflicts of law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.11 <U>Arbitration</U>. All disputes, controversies or claims arising out of or in connection with this
Agreement shall be resolved by final and binding arbitration in accordance with the Rules of Arbitration of the International Chamber of Commerce (the &#147;<U>ICC</U>&#148;) by three (3)&nbsp;arbitrators appointed in accordance with the Rules of
Arbitration of the ICC. The claimant(s) shall nominate one (1)&nbsp;arbitrator in the request for arbitration. The respondent(s) shall nominate one (1)&nbsp;arbitrator in the answer to the request. The two (2)&nbsp;arbitrators nominated by the
claimant and the respondent may be nationals of any country. The two (2)&nbsp;party- nominated arbitrators shall then attempt to agree, in consultation with the claimant(s) and the respondent(s), upon the nomination of a third (3rd)&nbsp;arbitrator
to act as president of the tribunal. If the third (3rd)&nbsp;arbitrator has not been nominated within thirty (30)&nbsp;days of the date of the appointment of the second (2nd)&nbsp;arbitrator, the third (3rd)&nbsp;arbitrator shall be nominated by the
ICC International Court of Arbitration. The third (3rd)&nbsp;arbitrator and president of the tribunal shall not be a national of the PRC or Sweden. The place of arbitration shall be Wilmington, Delaware, United States of America. The language of the
arbitration shall be English. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.12 <U>Counterparts</U>. Each of this Agreement and the Other Transaction Agreements may be
executed (including by e-mail delivery of a portable document format (&#147;.pdf&#148;) file) in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same original instrument. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">49 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.13 <U>Titles and Subtitles</U>. The titles and subtitles used in this Agreement are
used for convenience only and are not to be considered in construing or interpreting this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.14 <U>Specific
Performance</U>. The Parties recognize, acknowledge and agree that the breach or violation of this Agreement by a Party would cause irreparable damage to the other Party and that none of the Parties has an adequate remedy at Law. Unless and until
this Agreement has been terminated in accordance with its terms, each Party shall therefore be entitled, in addition to any other remedies that may be available, to obtain specific performance of the terms of this Agreement, and appropriate
injunctive relief may be applied for and granted in connection therewith. A Party seeking an order or injunction to prevent breaches of this Agreement or to enforce specifically the terms and provisions hereof shall not be required to provide,
furnish or post any bond or other security in connection with or as a condition to obtaining any such order or injunction, and each Party hereby irrevocably waives any right it may have to require the provision, furnishing or posting of any such
bond or other security. If any action is brought by any Party to enforce this Agreement, the other Parties shall waive the defense that there is an adequate remedy at Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.15 <U>Interpretation</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The table of contents and headings preceding the text of articles and sections included in this Agreement and the headings to schedules
and exhibits attached to this Agreement are for convenience only and shall not be deemed part of this Agreement or be given any effect in interpreting this Agreement. All exhibits and schedules annexed hereto or referred to herein are hereby
incorporated in and made a part of this Agreement as if set forth in full herein and any capitalized terms used in any exhibit or schedule to this Agreement but not otherwise defined therein shall have the meaning as defined in this Agreement. The
use of the masculine, feminine or neuter gender or the singular or plural form of words herein shall not limit any provision of this Agreement. The terms as set forth in this Agreement have been arrived at after mutual negotiation with the advice of
counsel and, therefore, it is the intention of the Parties that its terms may not be construed against any of the Parties by reason of the fact that it was prepared by one of the Parties. Reference to any Person includes such Person&#146;s
successors and assigns to the extent such successors and assigns are permitted by the terms of any applicable agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity or individually. Reference to any
agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof. The words
&#147;hereof,&#148; &#147;herein&#148;, &#147;hereby&#148;, &#147;hereto&#148; and &#147;hereunder&#148; shall refer to this Agreement as a whole and not to any particular provision of this Agreement. All references to documents or other materials
that were delivered, provided or made available to any Party shall include any such document or material (i)&nbsp;posted to, as applicable, (A)&nbsp;the virtual data room hosted by Intralinks, to which TME has provided access for review by the
Spotify Parties or (B)&nbsp;the virtual data room hosted by Merrill Datasite, to which the Spotify Parties have provided access for review by the TME Parties, in each case, prior to the date hereof, or (ii)&nbsp;otherwise made available to such
Party or any of its Representatives (electronically or otherwise) prior to the date hereof. All references to &#147;Section&#148;, &#147;Sections&#148;, &#147;Article&#148;, &#147;Articles&#148;, &#147;Exhibit&#148; or &#147;Exhibits&#148; refer to
the corresponding Section, Sections, Article, Articles, Exhibit or Exhibits of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">50 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
this Agreement. The word &#147;including&#148; shall mean &#147;including without limitation&#148;. &#147;Extent&#148; in the phrase &#147;to the extent&#148; shall mean the degree to which a
subject or other item extends and shall not simply mean &#147;if&#148;. The word &#147;or&#148; is used in the inclusive sense of &#147;and/or&#148;. All words used in this Agreement will be construed to be of such gender or number as the
circumstances require. All reference to any Law means such Law as amended from time to time and shall include any successor legislation thereto and any rules and regulations promulgated thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Neither the specification of any dollar amount in any representation or warranty contained in this Agreement nor the inclusion of any
specific fact or item in the TME Disclosure Letter or the Spotify Disclosure Letter is intended or will be deemed to imply that such amount, or higher or lower amounts, or the fact or item so included or other facts or items, are or are not
material. Unless this Agreement specifically provides otherwise, neither the specification of any fact, item or matter in any representation or warranty contained in this Agreement nor the inclusion of any specific fact, item or matter in the TME
Disclosure Letter or the Spotify Disclosure Letter is intended or will be deemed to imply that such fact, item or matter, or other facts, items or matters, are or are not in the Ordinary Course of Business. The inclusion of any fact or item in the
TME Disclosure Letter or the Spotify Disclosure Letter shall not constitute, or be deemed to be, an admission by any Party to any third party of any fact, item or matter whatsoever (including any violation, noncompliance with, or liability or
obligation under, applicable Law, other requirement or breach of Contract). Certain facts, items and matters disclosed in the TME Disclosure Letter and the Spotify Disclosure Letter have been disclosed for informational purposes only. No general
disclosure in any particular Section in the TME Disclosure Letter or the Spotify Disclosure Letter shall be limited by any more specific disclosure in either that particular Section or any other Section of the TME Disclosure Letter or the Spotify
Disclosure Letter, respectively, unless a contrary intention is expressly stated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Parties agree that, notwithstanding anything to
the contrary in this Agreement or the TME Disclosure Letter, the information set forth in the TME Disclosure Letter under the heading of &#147;Section 5.18 of the Spotify Investor Agreement&#148; (i)&nbsp;is provided therein solely for the purpose
of Section&nbsp;5.18 of the Spotify Investor Agreement, (ii)&nbsp;shall not be deemed as any representation or warranty made by any TME Party or disclosure by any TME Party pursuant to this Agreement, and (iii)&nbsp;no TME Party shall have any
indemnification obligation pursuant to Article VII with respect to any information set forth in the TME Disclosure Letter under the heading of &#147;Section 5.18 of the Spotify Investor Agreement&#148; or &#147;Annex 5.18 of the Spotify Investor
Agreement&#148; solely by reason of the inclusion of such information under such heading. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 9.16 <U>Changes in Capital Stock</U>.
Wherever in this Agreement there is a reference to a specific number of Spotify Shares or TME Shares, then upon the occurrence of any stock split, stock dividend or distribution (excluding, for the avoidance of doubt, the TME Shares Distribution),
or any change in the capital stock of Spotify or TME, as applicable, by reason of any split-up, reverse stock split, recapitalization, combination, reclassification, exchange of shares or the like with an effective or record date from the date
hereof until the Closing, the specific number of such shares so referenced in this Agreement shall be proportionately adjusted to reflect effect on the Spotify Shares or TME Shares by such events. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">51 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I></I>[<I>Remainder of page intentionally left blank.</I>]<I> </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">52 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF, </B>the Parties have duly executed this Agreement as of the date first
written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>TENCENT MUSIC ENTERTAINMENT GROUP</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">


<IMG SRC="g494294dsp63.jpg" ALT="LOGO">
</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ PANG Kar Shun Cussion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">PANG Kar Shun Cussion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Director</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature page to
Subscription Agreement] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>TENCENT MUSIC ENTERTAINMENT HONG KONG LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ PANG Kar Shun Cussion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">PANG Kar Shun Cussion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Authorized Signatory</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature page to
Subscription Agreement] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Peter Grandelius</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Peter Grandelius</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Authorized Signatory and Associate</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">General
Counsel</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"><B>SPOTIFY AB</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Peter Grandelius</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Peter Grandelius</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Authorized Signatory and Associate</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">General
Counsel</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature page to
Subscription Agreement] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[See Attached] </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>STRICTLY PRIVATE AND CONFIDENTIAL </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit A </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTOR
AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>among </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC ENTERTAINMENT GROUP, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT HOLDINGS LIMITED, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPOTIFY AB </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>and
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPOTIFY TECHNOLOGY S.A. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DATED AS OF [</B>&#9679;<B></B><B>], 2017 </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>TABLE OF CONTENTS</U></B> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">ARTICLE I DEFINITIONS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;1.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Certain Defined Terms</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;1.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Other Definitional Provisions; Interpretation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">ARTICLE II TRANSFER OF TME SECURITIES</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">General Transfer Restrictions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Restrictions on Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.03</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Joinder to Investor Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.04</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Notice of Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.05</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Legends</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.06</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Lock-Up Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.07</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Drag-Along Right</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.08</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Delay of Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">ARTICLE III STANDSTILL; VOTING</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Standstill Covenant</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Voting Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">ARTICLE IV CERTAIN GOVERNANCE MATTERS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Information Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Potential Business Opportunities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.03</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Anti-Bribery Covenants</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.04</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Sanctions Covenant</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">ARTICLE V GENERAL PROVISIONS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Confidentiality</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Amendment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.03</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Notices</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.04</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Waivers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.05</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Successors and Assignment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.06</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">No Third-Party Beneficiaries</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.07</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Severability</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.08</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Entire Understanding</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.09</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Governing Documents; Other Shareholder Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Waiver of Separate Shareholder Class Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Dual-Class Structure</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Governing Law</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Arbitration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Counterparts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;5.15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Specific Performance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;5.16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Termination</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;5.17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Other Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.18</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Representations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Index of Defined Terms </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Affiliate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anticorruption Laws</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficial owner</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficial ownership</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficially own</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Board</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Brokerage Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Business Day</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Company Articles</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Competing Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Confidential Information</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Derivative Security</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Drag-Along Right</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dual-Class Structure and Re-Designation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Effective Event</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Eligible Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foreign or State Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Founder Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fully Diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ICC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Identified Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Institutional Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investor</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investor Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">IPO</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Law</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lock-Up Period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Music Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC Sanctioned Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC Sanctions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Permitted Transferee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Person or person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Potential Business Opportunity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prohibited Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prohibited Person List</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Qualified Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Representatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rights Holder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sale Notice</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SDN List</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Secretary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Securities Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shareholder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Standstill Cap</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Standstill Period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Strategic Investor</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subscription Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subsidiary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Investor Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total Voting Power</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trade Sale</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">VIE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTOR AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">INVESTOR AGREEMENT, dated as of [&#9679;], 2017 (this &#147;<U>Agreement</U>&#148;), among Tencent Music Entertainment Group, an exempted
company incorporated with limited liability under the laws of the Cayman Islands (the &#147;<U>Company</U>&#148;), Tencent Holdings Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands
(&#147;<U>Tencent</U>&#148;), Spotify AB, a corporation incorporated under the laws of Sweden (the &#147;<U>Shareholder</U>&#148;), and Spotify Technology S.A., a public limited company (<I>soci&eacute;t&eacute; anonyme</I>) incorporated under the
laws of Luxembourg, having its registered office at 42-44 avenue de la Gare, L-1610 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B 123 052 (&#147;<U>Parent</U>&#148;), and any other Person that becomes a
party to this Agreement pursuant to <U>Article II</U>. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>BACKGROUND </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On the date hereof, the Company issued [&#9679;] ordinary shares, $0.000083 par value per share, of the Company (the &#147;<U>TME
Shares</U>&#148;) to the Shareholder pursuant to that certain Subscription Agreement, dated as of December&nbsp;8, 2017, by and among the Company, Tencent Music Entertainment Hong Kong Limited, a company incorporated under the laws of Hong Kong,
Parent and the Shareholder (the &#147;<U>Subscription Agreement</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the
respective covenants and agreements set forth herein, and intending to be legally bound hereby, the parties hereto hereby agree as follows. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>DEFINITIONS</U>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1.01 <U>Certain Defined Terms</U>. Capitalized terms used but not defined herein shall have the meanings assigned to them in the
Subscription Agreement. As used in this Agreement, the following terms shall have the following meanings: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; of
any Person shall mean, as of any date, any Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such first Person. For purposes of this Agreement, a Person shall be
deemed to &#147;control&#148; another Person if such first Person possesses, directly or indirectly, the power to direct, or cause the direction of, the management and policies of such other Person, whether through the ownership of voting
securities, by contract or otherwise. For the avoidance of doubt, for purposes of this Agreement, (i)&nbsp;none of the Investors or any of their respective controlled Affiliates shall be deemed to be an Affiliate of the Company or Tencent or any of
their respective Affiliates, and (ii)&nbsp;none of the Company, Tencent or any of their respective Affiliates shall be deemed to be an Affiliate of the Investors or any of their respective controlled Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Anticorruption Laws</U>&#148; shall mean Laws governing bribery and corruption, including the U.S. Foreign Corrupt Practices Act of
1977, as amended (15 U.S.C. &#167;&#167; 78a et seq. (1997 and 2000)), the UK Bribery Act 2010 and the anti-bribery and anticorruption Laws in the PRC (including the Criminal Law and Anti-Unfair Competition Law of the PRC). </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>beneficial owner</U>&#148; and words of similar import (including
&#147;<U>beneficially own</U>&#148; and &#147;<U>beneficial ownership</U>&#148;) shall have the meaning assigned to such terms in Rule 13d-3 promulgated under the Exchange Act (or any comparable successor rule thereto). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Board</U>&#148; shall mean the board of directors or similar governing body of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Day</U>&#148; shall mean any day of the year other than (i)&nbsp;any Saturday or Sunday or (ii)&nbsp;any other day on which
banks located in New York City, New York, United States of America, London, United Kingdom, Stockholm, Sweden, Luxembourg, Grand Duchy of Luxembourg, Hong Kong S.A.R., Shenzhen, PRC or the Cayman Islands are closed for business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Articles</U>&#148; shall mean the Third Amended and Restated Articles of Association of the Company as adopted by the
shareholders of the Company on [&#9679;], 2017, as amended, restated, supplemented or otherwise modified from time to time in accordance with its terms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Competing Business</U>&#148; shall mean any activities that are in direct and material competition with the business activities of
the Company and its Subsidiaries. Direct competition shall include offering digital music service businesses and the accompanying music copyrights administration business, including streaming, downloading, radio, online live broadcasts, karaoke and
other music-related services across all screens and terminals, including mobile phones, personal computers, television and other multi-media platforms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Confidential Information</U>&#148; shall mean all confidential and proprietary information (irrespective of the form of communication
and whatever the form or storage medium and including any copies or reproductions thereof) obtained by or on behalf of the Investors or their respective controlled Affiliates or any Identified Persons from the Company or its Affiliates or their
respective Representatives, through the ownership of any TME Securities or the Investors&#146; rights pursuant to this Agreement or otherwise, other than information which: (i)&nbsp;at the time of disclosure was, or thereafter becomes, available to
the Investors, their respective controlled Affiliates or their respective Representatives; <U>provided</U>, that such information was not known by the Investors, their respective controlled Affiliates or their respective Representatives to have been
obtained from a Person in violation of any obligation of confidentiality to the Company; (ii)&nbsp;at the time of disclosure was, or thereafter becomes, generally available to the public other than directly or indirectly as a result of a disclosure
by the Investors, their respective controlled Affiliates or any of their respective Representatives in violation of this Agreement; or (iii)&nbsp;is or was generated independently by the Investors, their respective controlled Affiliates or any of
their respective Representatives without reference to such information and without violating the confidentiality provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Derivative Security</U>&#148; shall mean, with respect to any Person, any right, option, other security or derivative position that
has an exercise, exchange or conversion privilege or a settlement payment or mechanism at a price related to, or a value determined in whole or in part with reference to or derived in whole or in part from, the value of any securities, bank debt or
other obligations of such Person or any of its Subsidiaries. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Eligible Fund</U>&#148; shall mean, with respect to any Person, any investment fund
or asset management vehicle (which may, for the avoidance of doubt, be a hedge fund, venture capital fund or private equity fund) that (i)&nbsp;engages in the types of activities restricted by <U>Section&nbsp;3.01</U> or other investment activities,
in each case, in the ordinary course of its business, (ii) does not control, is not controlled by, and is not under common control or joint control with, directly or indirectly, such Person (and neither such Person nor any of its Affiliates has the
power to (A)&nbsp;vote, or direct the voting of, or the power to dispose, or to direct the disposition of, the securities and other assets of such fund or vehicle, (B)&nbsp;invest, or direct the investment of, the funds of such fund or vehicle or
(C)&nbsp;otherwise influence or direct the actions and operations of such fund or vehicle, including with respect to the amount, form and timing of any distributions), and (iii)&nbsp;is not in the possession of any Confidential Information provided
by such Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Exchange Act</U>&#148; shall mean the U.S. Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fully Diluted</U>&#148; shall mean, with respect to the share capital of the Company, the
sum of (i)&nbsp;all shares of capital stock of the Company issued and outstanding as of such date,<I> plus </I>(ii)&nbsp;all shares of capital stock of the Company issuable upon exercise of all options, warrants and other rights to purchase or
otherwise acquire shares of capital stock of the Company granted, issued and outstanding as of such date,<I> plus</I> (iii)&nbsp;all shares of capital stock issuable upon conversion, exchange or exercise of any securities of the Company that are
convertible into, exchangeable or exercisable for shares of capital stock of the Company granted, issued and outstanding as of such date, and<I> plus</I> (iv)&nbsp;all restricted shares of the Company granted, issued and outstanding as of such
date;<U> provided</U>,<U> however</U>, that (A)&nbsp;with respect to any convertible debt securities of the Company, the shares of capital stock issuable upon conversion of such securities shall be included in the calculation of the Fully Diluted
share capital of the Company if the price per share of capital stock of the Company into which such securities are convertible as of such date (regardless of whether such securities are convertible at that time) is greater than or equal to the
applicable conversion price of such securities, in which case the number of shares of capital stock to be included in the calculation of the Fully Diluted share capital of the Company in respect of such convertible debt securities will be calculated
by dividing the total principal amount (plus any accrued payment-in-kind interest) of such securities by the applicable conversion price and (B)&nbsp;with respect to any options or warrants of the Company, the number of shares of capital stock of
the Company to be included in the calculation of the Fully Diluted share capital in respect of such options or warrants shall be the product of (x)&nbsp;a fraction, the numerator of which is the excess (if any) of the price per share of capital
stock of the Company as of such date over the weighted average exercise price per share of capital stock of the Company as of such date for all such options and warrants (regardless of whether such options and/or warrants are exercisable at that
time), and the denominator of which is the price per share of capital stock of the Company as of such date and (y)&nbsp;the total number of shares of capital stock of the Company issuable upon exercise of all such options and warrants. For purposes
of this definition, the price per share of the capital stock of the Company shall be determined (1)&nbsp;if such shares are publicly traded on a national securities exchange in the United States or a non- U.S. securities exchange, the volume
weighted average of the price per share for the ninety (90)&nbsp;trading days ending on (and including) the last trading day prior to the first day of the calendar month in which the Fully Diluted share capital is determined, as obtained from
Bloomberg L.P. (or, if not reported therein, from another authoritative source) and (2)&nbsp;if such shares are not so </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
publicly traded, the price per share determined by an internationally recognized valuation firm that is independent from the Company, the Investors and their respective controlled Affiliates and
that is mutually selected by the Company and Parent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Institutional Fund</U>&#148; shall mean any investment fund or asset
management vehicle (which may, for the avoidance of doubt, be a hedge fund, venture capital fund or private equity fund) that (i)&nbsp;engages in the investment activities in the ordinary course of its business, and (ii)&nbsp;does not control, is
not controlled by, and is not under common control or joint control with, directly or indirectly, any Prohibited Person (and neither any Prohibited Person nor any of its Affiliates has the power to (A)&nbsp;vote, or direct the voting of, or the
power to dispose, or to direct the disposition of, the securities and other assets held by such fund or vehicle, (B)&nbsp;invest, or direct the investment of, the funds of such fund or vehicle or (C)&nbsp;otherwise influence or direct the actions
and operations of such fund or vehicle, including with respect to the amount, form and timing of any distributions). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Investor</U>&#148; shall mean any of (i)&nbsp;Parent and the Shareholder to the extent it beneficially owns any TME Securities and
(ii)&nbsp;each of their respective Transferees that beneficially own any TME Securities and that have executed and delivered to the Company a joinder agreement to be bound by the provisions of this Agreement pursuant to<U> Section&nbsp;2.03</U>.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>IPO</U>&#148; shall mean the first listing of equity securities of the Company (or a holding company or any other TME Group
Company that holds all or substantially all of the assets of the Company and its Subsidiaries on a consolidated basis) on an internationally recognized stock exchange or similar marketplace of recognized national standing (excluding, for the
avoidance of doubt, private secondary markets or similar), including the direct listing without conducting a concurrent offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Law</U>&#148; shall mean any law, statute, code, regulation, ordinance or rule, in each case, enacted or promulgated by any
Governmental Body, or any Order or other legally enforceable requirement of a Governmental Body, in each case, as amended, restated, supplemented or modified from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Music Business</U>&#148; shall mean (i)&nbsp;digital music service businesses, including streaming, downloading, radio, online live
broadcasts, karaoke and other music-related services across all screens and terminals, including mobile phones, personal computers, television and other multi-media platforms or (ii)&nbsp;any music copyrights administration business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>OFAC Sanctioned Person</U>&#148; shall mean any government, country, corporation or other entity, group or individual with whom or
which the OFAC Sanctions prohibit a U.S. Person from engaging in transactions, and includes any individual or corporation or other entity that appears on the current OFAC list of Specially Designated Nationals and Blocked Persons (the &#147;<U>SDN
List</U>&#148;). For ease of reference, and not by way of limitation, OFAC Sanctioned Persons other than governments and countries can be found on the SDN List on OFAC&#146;s website at www.treas.gov/offices/enforcement/ofac/sdn. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>OFAC Sanctions</U>&#148; shall mean any sanctions program administered by the Office of Foreign Assets Control of the U.S. Department
of the Treasury (&#147;<U>OFAC</U>&#148;) under authority </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
delegated to the Secretary of the Treasury (the &#147;<U>Secretary</U>&#148;) by the President of the United States or provided to the Secretary by statute, and any order or license issued by, or
under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of limitation, OFAC Sanctions programs are described on
OFAC&#146;s website at www.treas.gov/ofac. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted Transferee</U>&#148; of any Person shall mean any Affiliate of such Person.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Person</U>&#148; or &#147;<U>person</U>&#148; shall mean any individual, corporation, business trust, proprietorship, firm,
partnership, limited partnership, limited liability partnership, limited liability company, trust, association, joint venture, Governmental Body or other entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Prohibited Person</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule I attached hereto (the &#147;<U>Prohibited Person
List</U>&#148;), which list may be updated pursuant to <U>Section&nbsp;2.02(c)</U>, and (ii) any Affiliate of each of the foregoing Persons. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Representatives</U>&#148; shall mean, with respect to any Person, such Person&#146;s directors, managers, officers, employees and
advisors (including financial advisors, attorneys, accountants and consultants); <U>provided</U>, <U>however</U>, that for the avoidance of doubt (i)&nbsp;a shareholder, member, partner or other equity holder of such Person or (ii)&nbsp;a music
record label or other rights holder, in each case, shall not be deemed, and shall not constitute, a &#147;Representative&#148; for purposes of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Rights Holder</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule II attached hereto and (ii)&nbsp;any Affiliate of each of
the foregoing Persons. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Securities Act</U>&#148; shall mean the U.S. Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Strategic Investor</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule III attached
hereto and (ii)&nbsp;any Affiliate of each of the foregoing Persons; <U>provided</U>, that a &#147;Strategic Investor&#148; shall not include any Eligible Fund in which such Person makes or holds a<I> bona fide </I>investment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Subsidiary</U>&#148; shall mean, with respect to any Person, any other Person, whether incorporated or unincorporated, (i)&nbsp;of
which more than fifty percent (50%)&nbsp;of either the equity interests in, or the voting control of, such other Person is, directly or indirectly through Subsidiaries or otherwise, beneficially owned by such first Person, (ii)&nbsp;of which such
first Person is the general partner or managing member, (iii)&nbsp;which is a VIE of such first Person or (iv)&nbsp;which is a Subsidiary of any VIE of such first Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Investor Agreement</U>&#148; shall mean that certain investor agreement, dated as of the date hereof, by and among the Company,
Tencent Music Entertainment Hong Kong Limited, Tencent, Image Frame Investment (HK) Limited, Parent and the other parties thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>TME Securities</U>&#148; shall mean shares of capital stock of the Company, warrants, options, convertible securities, exchangeable
securities or similar rights or instruments of the Company exercisable, exchangeable or convertible into, or requiring the issuance, allotment or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
delivery of shares of capital stock of the Company, including the TME Shares. For purposes of this Agreement, each option to purchase TME Securities shall be considered a TME Security only
together with the TME Securities underlying such option, and such option and the underlying TME Securities shall be considered one single TME Security. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Total Voting Power</U>&#148; shall mean the total number of votes entitled to be cast generally in the election of the members of the
Board represented by the TME Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Trade Sale</U>&#148; shall have the meaning set forth in the Company Articles. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transfer</U>&#148; shall mean (with its cognates having corresponding meanings), with respect to any securities, (i)&nbsp;any sale,
exchange, transfer, redemption, grant, pledge, hypothecation or other disposition, whether voluntary or involuntary, and whether or not for value, of any of such securities, or any securities, options, warrants or rights convertible into or
exercisable or exchangeable for, or for the purchase or other acquisition of, or otherwise with respect to, any of such securities or any contract or other binding arrangement or understanding (in each case, whether written or oral) to take any of
the foregoing actions or (ii)&nbsp;entering into any swap or other agreement, arrangement or understanding, whether or not in writing, that, directly or indirectly, transfers, conveys or otherwise disposes of, in whole or in part, any of the
economic or other risks or consequences of ownership of any of such securities, including short sales of applicable securities, option transactions with respect to securities, use of equity or other derivative financial instruments relating to such
securities and other hedging arrangements with respect to such securities, whether any such transaction described in clause (i)&nbsp;or (ii)&nbsp;above is to be settled by delivery of such securities, other securities, cash or otherwise;<U>
provided</U>, however, that any such sale, exchange, transfer, redemption, grant, pledge, hypothecation or other disposition referred to in clause (i)&nbsp;of, or any of the agreements, arrangements or understandings referred to in clause
(ii)&nbsp;in respect of, the securities of any Person that beneficially owns any TME Securities (including any shares or other securities of Parent) shall not constitute a &#147;Transfer&#148; of TME Securities for purposes of this Agreement (and
shall not be subject to any of the restrictions set forth in <U>Article II</U>), except that the transfer of any shares or other securities of the Shareholder shall constitute a &#147;Transfer&#148; of TME Securities for purposes of this Agreement
(and such transfer shall be subject to the restrictions set forth in<U> Article II</U>) if, at the time of such transfer, the Shareholder and its Subsidiaries do not own or otherwise hold all or substantially all of the assets of Parent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferee</U>&#148; shall mean a Person that receives a Transfer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>VIE</U>&#148; shall mean, with respect to any Person, any other Person (i)&nbsp;over which such first Person can effect direct or
indirect control through direct or indirect contractual arrangements and (ii)&nbsp;whose financial results are consolidated with the net revenues of such first Person and are recorded on the books of such first Person for financial reporting
purposes in accordance with the accounting standards applicable to such first Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1.02 <U>Other Definitional Provisions;
Interpretation</U>. The table of contents and headings preceding the text of articles and sections included in this Agreement and the headings to schedules and exhibits attached to this Agreement are for convenience only and shall not be deemed part
of this Agreement or be given any effect in interpreting this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
All exhibits and schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. The use of the masculine, feminine or
neuter gender or the singular or plural form of words herein shall not limit any provision of this Agreement. The terms as set forth in this Agreement have been arrived at after mutual negotiation with the advice of counsel and, therefore, it is the
intention of the parties hereto that its terms may not be construed against any of the parties hereto by reason of the fact that it was prepared by one of the parties hereto. Reference to any Person includes such Person&#146;s successors (including
by operation of law) and assigns to the extent such successors and assigns are permitted by the terms of any applicable agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity or individually.
Reference to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms
hereof. All references to &#147;Section,&#148; &#147;Sections,&#148; &#147;Article,&#148; &#147;Articles,&#148; &#147;Exhibit&#148; or &#147;Exhibits&#148; refer to the corresponding Section, Sections, Article, Articles, Exhibit or Exhibits of this
Agreement. The word &#147;including&#148; shall mean &#147;including without limitation.&#148; The words &#147;hereof,&#148; &#147;herein&#148; and &#147;hereunder&#148; and words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement. &#147;Extent&#148; in the phrase to &#147;to the extent&#148; shall mean the degree to which a subject or other item extends and shall not simply mean &#147;if&#148;. The
word &#147;or&#148; is used in the inclusive sense of &#147;and/or&#148;. All references to any Law means such Law as amended from time to time and shall include any successor legislation thereto and any rules and regulations promulgated therein.
</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE II <U> </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>TRANSFER OF TME SECURITIES</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.01 <U>General Transfer Restrictions</U>. The right of the Investors and any of their respective controlled Affiliates to Transfer
any TME Securities they beneficially own is subject to the restrictions set forth in this<U> Article II</U>, and no Transfer of such TME Securities by the Investors or any of their respective controlled Affiliates may be effected except in
compliance with this<U> Article&nbsp;II</U>. Any attempted Transfer in violation of this Agreement shall be null and void<I> ab initio</I> and of no effect, regardless of whether the purported Transferee has any actual or constructive knowledge of
the Transfer restrictions set forth in this Agreement. Any purported Transfer in violation of this Agreement shall not be recorded (and the Company will instruct its transfer agent, registered office and other third parties not to record such
purported Transfer) in the register of members of the Company or result in the treatment of any purported Transferee of such TME Securities as the owner of such TME Securities for any purpose. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.02 <U>Restrictions on Transfer</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Restrictions During Lock-Up Period</U>. During the period beginning on the date hereof and ending on the earlier of (i)&nbsp;the third
(3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;anniversary of the date hereof and (ii)&nbsp;the first date after the date hereof on which the number of TME Securities collectively beneficially owned by a Strategic Investor and its
Affiliates exceeds the number of TME Securities then collectively beneficially owned by the Investors and their respective controlled </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Affiliates (such period, the &#147;<U>Lock-Up Period</U>&#148;), the Investors shall not, and the Investors shall cause their respective controlled Affiliates not to, Transfer any TME Securities
beneficially owned by them, except: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) with the prior written consent of the Company (acting through its Board or a
designated committee thereof); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) to a Permitted Transferee, subject to compliance with <U>Section&nbsp;2.03</U>;
<U>provided</U>, that, (A)&nbsp;if such Person ceases to be a Permitted Transferee during the Lock-Up Period, then the applicable Investor shall cause, and shall cause its controlled Affiliates to cause, such Person to, and such Person shall,
Transfer such TME Securities back to such Investor or its controlled Affiliates or (B)&nbsp;if such Person ceases to be a Permitted Transferee after the expiration of the Lock-Up Period and a Transfer of TME Securities to such Person at that time
would be prohibited by <U>Section&nbsp;2.02(b)</U>, then the applicable Investor shall cause, and shall cause its controlled Affiliates to cause, such Person to, and such Person shall, Transfer such TME Securities back to such Investor or its
controlled Affiliates; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) pursuant to (A)&nbsp;a tender offer or exchange offer for at least a majority of the issued
and outstanding TME Securities if the Board has affirmatively recommended to the holders of the issued and outstanding TME Securities that such holders tender their TME Securities into such tender or exchange offer and if the Board has not publicly
withdrawn or changed such recommendation or (B)&nbsp;a merger, consolidation or other business combination transaction which has been approved by the Board (each, a &#147;<U>Qualified Transfer</U>&#148;); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) to the Company or any of its Subsidiaries; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) to the extent necessary to avoid regulation as an &#147;investment company&#148; under the U.S. Investment Company Act of
1940, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of this <U>Section&nbsp;2.02(a)</U>, the number of TME Securities beneficially owned by the Investors and their respective
controlled Affiliates shall be determined without regard to the provisions set forth in <U>Section&nbsp;3.02</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding
anything in this <U>Article II</U> to the contrary and irrespective of the expiration of the Lock-Up Period, for so long as the Investors or any of their respective controlled Affiliates beneficially own any TME Securities, the Investors shall not,
and the Investors shall cause their respective controlled Affiliates not to, Transfer any TME Securities beneficially owned by them to (i)&nbsp;any Prohibited Person, (ii)&nbsp;any Rights Holder or (iii)&nbsp;any Transferee if, after giving effect
to the proposed Transfer, the proposed Transferee would beneficially own TME Securities representing, in the aggregate, five percent (5%)&nbsp;or more of the Total Voting Power or five percent (5%)&nbsp;or more of the total issued and outstanding
share capital of the Company; <U>provided</U>, that nothing in this <U>Section&nbsp;2.02(b)</U> (but without limiting any of the other provisions of this <U>Article II</U>) shall prohibit any Transfer of TME Securities (w)&nbsp;to a Permitted
Transferee, subject to compliance with <U>Section 2.03</U>; <U>provided</U>, that if such Person ceases to be a Permitted Transferee and a Transfer of TME Securities to such Person at that time </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
would be prohibited by this <U>Section&nbsp;2.02(b)</U>, then the applicable Investor shall cause, and shall cause its controlled Affiliates to cause, such Person to, and such Person shall,
Transfer such TME Securities back to such Investor or its controlled Affiliates, (x)&nbsp;if such Transfer (and the Transferee in such Transfer) is consented to in writing by the Board or a designated committee thereof; (y)&nbsp;pursuant to a
Qualified Transfer; or (z)&nbsp;through open market brokerage transactions where the identity of the purchaser is unknown (and, for the avoidance of doubt, the Investors shall have no duty of inquiry in connection with such brokerage transactions)
(such transaction, a &#147;<U>Brokerage Transaction</U>&#148;); <U>provided</U>, <U>further</U>, that nothing in <U>Section&nbsp;2.02(b)(iii)</U> (but without limiting any of the other provisions of this <U>Article II</U>) shall prohibit any
Transfer of TME Securities to Tencent or any of its controlled Affiliates (such transaction, a &#147;<U>Founder Transfer</U>&#148;). The Company shall provide in writing to the Shareholder, upon the Shareholder&#146;s written request (which written
request may be made by the Shareholder no more frequently than once each fiscal quarter), the aggregate number of TME Securities representing the Total Voting Power and the aggregate number of issued and outstanding shares of capital stock of the
Company as of a recent date (without disclosing the identity of any holders thereof), and the Investors shall be entitled to rely upon the most recently received such notice from the Company for all purposes of calculating the Total Voting Power and
total issued and outstanding share capital of the Company under this Agreement. For the purposes of ensuring that a proposed Transfer is not in violation of the restrictions in <U>Section&nbsp;2.02(b)(iii)</U>, the Investors shall be entitled to
rely upon (1)&nbsp;reports of beneficial ownership of such Transferee that are publicly filed or available or (2)&nbsp;if such reports are not publicly filed or available, after due inquiry, the representation made by the relevant Transferee with
respect to the total number of votes and total number of outstanding shares of the Company owned by such Transferee before such proposed Transfer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Company may amend the Prohibited Person List following the date hereof to add or remove any Person to or from the Prohibited Person
List, each such amendment to be effective upon delivery of written notice thereof to the Investors; <U>provided</U> that (i)&nbsp;any Person so added to the Prohibited Person List must be a Person that, directly or indirectly, conducts a Competing
Business as determined in good faith by the Company, and (ii)&nbsp;the Company may not amend the Prohibited Person List more than once during any twelve (12)&nbsp;month period; <U>provided</U>, <U>further</U>, that any Institutional Fund which makes
an investment in any Person that, directly or indirectly, conducts a Competing Business shall not be a Prohibited Person and shall not be included in the Prohibited Person List. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding anything in this Agreement to the contrary, no Transfer of TME Securities otherwise permitted by this Agreement shall be
made unless such Transfer is in compliance with the Securities Act or any other applicable securities Laws of any foreign, federal, state, local or other jurisdiction (a &#147;<U>Foreign or State Act</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.03 <U>Joinder to Investor Agreement</U>. Each Investor shall (and shall cause its controlled Affiliates who beneficially own any TME
Securities to), prior to the Transfer of any TME Securities to any Permitted Transferee (other than in a Transfer that is a Qualified Transfer, a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such Permitted
Transferee to execute and deliver to the Company a joinder agreement in form and substance reasonably acceptable to the Company, pursuant to which such Permitted Transferee agrees to be bound by the provisions of this Agreement. Without limiting the
provisions in the immediately preceding sentence, (i)&nbsp;until the completion of the IPO of the Company, each </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Investor shall, prior to the Transfer of any TME Securities to any Transferee in accordance with the other provisions of this <U>Article II</U> (other than in a Transfer that is a Transfer of any
TME Securities to the Company, a Qualified Transfer, a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such Transferee to execute and deliver to the Company a joinder agreement in form and substance reasonably
acceptable to the Company, pursuant to which such Transferee agrees to be bound by this <U>Article II</U>, <U>Section&nbsp;3.02</U>, <U>Section&nbsp;4.01</U> and <U>Article V</U>, and (ii)&nbsp;after the completion of the IPO of the Company, each
Investor shall, prior to the Transfer of any TME Securities to any Transferee in accordance with the other provisions of this <U>Article II</U> (other than in a Transfer that is a Transfer of any TME Securities to the Company, a Qualified Transfer,
a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such Transferee to execute and deliver to the Company a joinder agreement in form and substance reasonably acceptable to the Company, pursuant to which such Transferee
agrees to be bound by this <U>Article II</U> (other than <U>Section&nbsp;2.02(a)</U> and <U>Section&nbsp;2.07</U>) and <U>Article V</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.04 <U>Notice of Transfer</U>. Prior to Transferring any TME Securities in accordance with the provisions set forth in this
<U>Article II</U> (other than in a Transfer that is a Transfer of any TME Securities to the Company, a Qualified Transfer, a Founder Transfer or, after the IPO of the Company, a Brokerage Transaction), an Investor or its controlled Affiliate, as
applicable, shall, no later than five (5)&nbsp;Business Days prior to the consummation of such Transfer, deliver a written notice thereof to the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.05 <U>Legends</U>. With respect to the Investors or any of their respective controlled Affiliates who beneficially own any TME
Securities, each certificate for TME Securities, if any, shall bear a legend or legends (and appropriate comparable notations or other arrangements will be made with respect to any uncertificated shares in the Company&#146;s register of members or
other books and records) referencing restrictions on Transfer of such TME Securities under the Securities Act, any applicable Foreign or State Act and this Agreement, which legend shall state in substance: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;THE SECURITIES EVIDENCED BY THIS CERTIFICATE MAY NOT BE OFFERED OR SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF,
EXCEPT IN COMPLIANCE WITH (I)&nbsp;THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND (II) ANY OTHER APPLICABLE SECURITIES LAWS OF ANY FOREIGN, FEDERAL, STATE, LOCAL OR OTHER JURISDICTION. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER SET FORTH IN THE INVESTOR AGREEMENT DATED AS OF [<FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT><FONT STYLE="font-family:Times New Roman">], 2017, BY AND AMONG THE COMPANY AND THE OTHER PARTIES THERETO (A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY).&#148;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, the holder of any certificate(s) for TME Securities shall be entitled to receive from the Company new certificates
for a like number of TME Securities not </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
bearing such legend (or the elimination or termination of such notations or arrangements) upon the request of such holder (i)&nbsp;at such time as such restrictions are no longer applicable and
(ii) with respect to the restriction on Transfer of such TME Securities under the Securities Act or any other applicable Foreign or State Act, at the reasonable request of the Company, upon the delivery to the Company of an opinion of counsel to
such holder, which opinion is reasonably satisfactory in form and substance to the Company and its counsel, that the restriction referenced in such legend (or such notations or arrangements) is no longer required in order to ensure compliance with
the Securities Act or any such other applicable Foreign or State Act. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.06 <U>Lock-Up Agreements</U>. In connection with any
underwritten public offering by the Company of any TME Securities pursuant to an effective registration statement pursuant to the Securities Act or a prospectus or equivalent disclosure document pursuant to any Foreign and State Act (including in
connection with an IPO of the Company), the Investors shall, and the Investors shall cause their respective controlled Affiliates that beneficially own any TME Securities to, enter into customary agreements restricting the public sale or
distribution of equity securities of the Company (including sales pursuant to Rule 144 under the Securities Act) if and to the extent required in writing by the lead managing underwriter(s) with respect to such underwritten public offering;
<U>provided</U>, <U>however</U>, that the Investors and their respective controlled Affiliates shall not be required to enter into any such agreement covering a period that would end later than one hundred and eighty (180)&nbsp;days after the date
of the final prospectus relating to an IPO of the Company or ninety (90)&nbsp;days after the date of the final prospectus relating to any such underwritten public offering other than an IPO of the Company; <U>provided</U>, <U>further</U>, that
notwithstanding the foregoing any restrictions in such agreement shall not apply to Transfers to Permitted Transferees (subject to compliance with <U>Section&nbsp;2.03</U>). The foregoing provisions of this<U> Section&nbsp;2.06</U> shall be
applicable to the Investors only if (i)&nbsp;in the case of an IPO of the Company, all officers and directors of the Company and all shareholders owning, in the aggregate, more than fifty percent (50%)&nbsp;of the Total Voting Power or fifty percent
(50%)&nbsp;of the total issued and outstanding share capital of the Company are subject to the same restrictions, or (ii)&nbsp;in the case of any underwriting public offering of the Company other than an IPO, all officers and directors of the
Company are subject to the same restrictions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.07 <U>Drag-Along Right</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Notwithstanding anything contained in this <U>Article II</U> to the contrary, at any time prior to an IPO of the Company, if Tencent
proposes a Trade Sale and: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) in the event such proposed Trade Sale is to a <I>bona fide</I> third party (other than
Tencent or any Affiliate of Tencent), such Trade Sale has been approved by (x)&nbsp;no less than 75% of the Board and (y)&nbsp;no less than 75% of the issued and outstanding TME Shares; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) in the event that such proposed Trade Sale is to Tencent or any Affiliate of Tencent, such Trade Sale has been approved by
the holders of no less than 66.7% of the issued and outstanding TME Shares (other than any TME Shares held directly or indirectly by Tencent or any of its Affiliates), </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
then, upon the written request from Tencent, the Investors shall, and the Investors shall cause their respective controlled Affiliates who beneficially own any TME Shares to, (A)&nbsp;vote all
voting TME Securities held by them in favor of the Trade Sale, (B)&nbsp;refrain from exercising any dissenters&#146; rights or rights of appraisal under applicable Law at any time with respect to the Trade Sale, (C)&nbsp;execute and deliver all
related documentation and take such other action in support of the Trade Sale as shall reasonably be requested by Tencent or the Company, and (D)&nbsp;if the Trade Sale is structured as a transfer of TME Shares or other TME Securities, transfer a
<I>pro rata</I> portion of their TME Shares or other TME Securities (calculated by multiplying (1)&nbsp;the total number of TME Shares or other TME Securities collectively beneficially owned by the Investors and their controlled Affiliates and
(2)&nbsp;a fraction, the numerator of which is the total number of TME Shares or other TME Securities proposed to be transferred in connection with such Trade Sale, and the denominator of which is the total number of outstanding TME Shares or other
TME Securities (other than, in the case of <U>Section&nbsp;2.07(a)(ii)</U>, the total number of TME Shares or other TME Securities collectively beneficially owned by Tencent and its Affiliates) to consummate the Trade Sale (such right, the
&#147;<U>Drag-Along Right</U>&#148;). When exercising the Drag- Along Right, Tencent shall send written notice (the &#147;<U>Sale Notice</U>&#148;) to the Investors with copy to the Company specifying the names of the purchaser(s), the nature of the
Trade Sale, the consideration payable per share or the total consideration payable and a summary of the material terms and conditions of such transaction. Upon receipt of a Sale Notice, the Investors and their respective controlled Affiliates who
beneficially own any TME Shares shall be obligated to consummate such Trade Sale in accordance with this <U>Section&nbsp;2.07</U>; <U>provided</U>, that, in connection with such Trade Sale, the consideration to be received by the Investors and their
respective controlled Affiliates in exchange for their TME Shares and other TME Securities shall be based on the same per share price as the consideration to be received by Tencent and its Affiliates and shall be paid in the same form as the
consideration to be paid to Tencent and its Affiliates in such Trade Sale. Notwithstanding anything to the contrary set forth herein, the parties hereto hereby agree that, for purposes of this <U>Section&nbsp;2.07</U>, Affiliates of Tencent shall
exclude the TME Group Companies or any of the TME Group Companies&#146; controlled Affiliates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) In the event that any Investor fails
for any reason to take any of the foregoing actions specified in this <U>Section&nbsp;2.07</U>, after reasonable notice thereof, the Investors hereby grant, on behalf of themselves and on behalf each of their respective controlled Affiliates who
beneficially own any TME Securities, an irrevocable power of attorney and proxy to any director approving the Trade Sale to take all necessary actions and execute and deliver all documents deemed by such director to be reasonably necessary to
effectuate the terms hereof. The power of attorney granted hereby is intended to secure an interest in property and, in addition, the obligations of each Investor and its controlled Affiliates who beneficially own any TME Shares under this
Agreement, and shall be irrevocable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding anything to the contrary contained herein, without the prior written consent of
Tencent, no Trade Sale shall be effected, or be permitted to be effected, to any Prohibited Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.08 <U>Delay of
Transfer</U>. The Company shall not incur any liability to the Investors, any of their respective controlled Affiliates or any other Person for any delay in recognizing any Transfer of TME Securities if the Company in good faith reasonably
determines that such Transfer may have been or would be in violation in any material respect of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
provisions of the Securities Act, any applicable Foreign or State Act or this Agreement. Without limiting any of the other provisions of this <U>Article II</U>, the Company shall not exercise its
power to suspend registration of Transfer of TME Securities by any Investor or its controlled Affiliates pursuant to Article 36 of the Company Articles, except to the extent the Board determines in good faith after consultation with its outside
counsel that such Transfer would, if consummated, result in a violation by the Company of applicable Laws. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE III </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>STANDSTILL; VOTING</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.01 <U>Standstill Covenant</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except in connection with the consummation of the transactions contemplated by the Subscription Agreement, during the period beginning on
the date hereof and ending on the earlier of (i)&nbsp;the fifth (5th)&nbsp;anniversary of the date hereof and (ii)&nbsp;the first date after the date hereof on which the number of TME Securities collectively beneficially owned by a Strategic
Investor and its Affiliates exceeds the number of TME Securities then collectively beneficially owned by the Investors and their respective controlled Affiliates (such period, the &#147;<U>Standstill Period</U>&#148;), none of Parent or the
Shareholder shall, and each of Parent and the Shareholder shall cause its controlled Affiliates and its controlled Affiliates&#146; Representatives (and with respect to such Representatives that are not directors, officers, managers or employees of
Parent or the Shareholder or any of their respective controlled Affiliates, only to the extent such Representatives are acting on behalf, or at the behest, of Parent or the Shareholder or any of their respective controlled Affiliates) not to,
directly or indirectly or alone or in concert with any other Person, unless invited to do so by the Board or with the prior written consent of the Company: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) acquire, offer or propose to acquire, or agree to acquire, by purchase or otherwise (other than as a result of a stock
dividend, capitalization of profits, stock split or subdivision of any TME Securities beneficially owned by Parent, the Shareholder and their respective controlled Affiliates) (A)&nbsp;any economic interest in, or any direct or indirect right to
direct the voting or disposition of, any TME Securities or other securities (including any Derivative Securities) of the Company, whether or not any of the foregoing would give rise to beneficial ownership and, in each case, whether or not any of
the foregoing is acquired or otherwise obtained by means of borrowing of securities or operation of any Derivative Security or (B)&nbsp;except in the ordinary course of business, any consolidated assets or indebtedness of the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) enter into, agree, offer, or propose to enter into (whether publicly or otherwise), effect, engage in, or participate in,
any acquisition transaction, merger or other business combination, recapitalization, restructuring, liquidation, dissolution, share exchange, sale, disposition, purchase, acquisition or other extraordinary transaction relating to the Company or a
transaction for all or a substantial portion of the consolidated assets of the Company or any of its businesses; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) make, or in any way participate in, any &#147;solicitation&#148; of
&#147;proxies&#148; (as such terms are defined in Rule 14a-1 under the Exchange Act, disregarding clause (iv)&nbsp;of Rule 14a-1(1)(2) under the Exchange Act and including any otherwise exempt solicitation pursuant to Rule 14a-2(b) under the
Exchange Act) to vote, or seek or propose to advise, influence or encourage any Person with respect to the voting of, any TME Securities on any matter, or demand a copy of the Company&#146;s register of members or other books and records; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) initiate, induce or attempt to induce, cooperate or collaborate with, any other Person in connection with any shareholder
proposal or withhold vote campaigns or any tender or exchange offer for equity securities of the Company, any change of control of the Company or the convening of a meeting of the Company&#146;s shareholders; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) except as contemplated under <U>Section&nbsp;3.02</U>, form, join or in any way participate in a &#147;group&#148; (within
the meaning of Section&nbsp;13(d)(3) of the Exchange Act) with respect to any TME Securities or in connection with (or otherwise act in concert with any Person in connection with) the matters that are the subject of this <U>Section&nbsp;3.01</U>
with any Person (other than Parent or the Shareholder, as applicable, and their respective controlled Affiliates); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi)
seek or propose to influence, advise, change or control the management, Board, governing instruments or policies, affairs or strategies of the Company; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vii) bring any action or otherwise act to contest the validity of this <U>Section&nbsp;3.01</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(viii) advise, knowingly assist, knowingly encourage or knowingly act as a financing source for or otherwise invest in any
Person in connection with, or enter into any discussions, negotiations, arrangements or understandings with any Person with respect to, any of the foregoing clauses (i)&nbsp;through (vii)&nbsp;of this <U>Section&nbsp;3.01(a)</U> or propose any of
such activities to any Person; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ix) publicly request or otherwise publicly seek to amend or waive any provision of this
<U>Section&nbsp;3.01</U>, <U>provided</U>, that Parent, the Shareholder and their respective controlled Affiliates may make such request or proposal privately to the Board (which request or proposal the Board can accept or reject in its sole
discretion) that is made in a manner that is not intended to and would not reasonably be likely to result in the Company being required to make any public disclosure or other public announcement related to such request or proposal; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(x) make any statement or publicly disclose any intention, plan, arrangement or other contract that is prohibited by, or
inconsistent with, any of the foregoing; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>provided</U>, <U>however</U>, that (A)&nbsp;any Transfer of TME Securities shall not constitute a breach of
this <U>Section&nbsp;3.01(a)</U> so long as Parent, the Shareholder and their respective controlled Affiliates comply with <U>Article II</U> (if applicable); and (B)&nbsp;if the TME Securities beneficially owned by Parent, the Shareholder and their
respective controlled Affiliates collectively represent less than ten percent (10%)&nbsp;of the then Fully Diluted share capital of the Company, an acquisition by </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Parent, the Shareholder or their respective controlled Affiliates during the Standstill Period of up to that number of additional TME Securities that, together with the TME Securities
beneficially owned collectively by Parent, the Shareholder and their respective controlled Affiliates immediately prior to such acquisition, would not collectively represent more than ten percent (10%)&nbsp;of the then Fully Diluted share capital of
the Company (the &#147;<U>Standstill Cap</U>&#148;) shall not constitute a breach of this <U>Section&nbsp;3.01(a)</U>. The Company shall provide in writing to the Shareholder, upon the Shareholder&#146;s written request (which written request may be
made by the Shareholder no more frequently than once each fiscal quarter), the total number of TME Securities representing the Fully Diluted share capital as of a recent date (without disclosing the identity of any holders of TME Securities), and
Parent and the Shareholder shall be entitled to rely upon the most recently received such notice from the Company for all purposes of the preceding proviso. For the avoidance of doubt, if the TME Securities beneficially owned by Parent, the
Shareholder and their respective controlled Affiliates exceed the Standstill Cap due to the decrease in the total number of TME Securities as a result of any share repurchase, share buyback or share redemption by the Company, Parent, the Shareholder
and their respective controlled Affiliates are not required to reduce their beneficial ownership of TME Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of this
<U>Section&nbsp;3.01(a)</U>, the number of TME Securities beneficially owned by Parent, the Shareholder and their respective controlled Affiliates shall be determined without regard to the provisions set forth in <U>Section&nbsp;3.02</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Nothing contained in this <U>Section&nbsp;3.01</U> shall restrict the right of Parent, the Shareholder, their respective controlled
Affiliates or any other Person (i)&nbsp;to make or continue to hold<I> bona fide</I> investments in any Eligible Fund that holds or acquires any TME Securities or other securities (including any Derivative Securities) of the Company or otherwise
engages in any of the activities otherwise restricted by this <U>Section&nbsp;3.01</U>, so long as the investment in such Eligible Fund is made and held by such Person for investment purposes only and is not made or held for the purpose of engaging
in or facilitating, or for the purpose of assisting or encouraging the Person(s) controlling such Eligible Fund to engage in or facilitate, any of the activities restricted by this <U>Section&nbsp;3.01</U> in any manner with respect to the Company
or (ii)&nbsp;to acquire any TME Securities or other securities (including any Derivative Securities) of the Company pursuant to a<I> bona fide</I> distribution-in-kind by any Eligible Fund to all of its investors (including Parent, the Shareholder,
their respective controlled Affiliates or such other Person) on a<I> pro rata </I>basis. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.02 <U>Voting Agreement</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except as expressly provided for herein, the Investors hereby agree on behalf of themselves and on behalf of their respective controlled
Affiliates that beneficially own any TME Securities that Tencent shall have the sole and exclusive right to vote, in its sole and absolute discretion, any TME Securities beneficially owned by the Investors and any of their respective controlled
Affiliates on all proposals, resolutions and other matters for which a vote, consent or other approval (including by written consent) of the holders of TME Securities is sought or upon which such holders are otherwise entitled to vote or consent.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Investors hereby agree on behalf of themselves and on behalf of their respective controlled Affiliates that beneficially own any
TME Securities that, unless Tencent </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
provides explicit written instructions to vote the TME Securities beneficially owned by the Investors or any of their respective controlled Affiliates or Tencent provides explicit written notice
that the Investors and their respective controlled Affiliates shall be permitted to vote their TME Securities in their respective sole discretion without regard to any instructions of Tencent, the Investors shall not, and the Investors shall cause
their respective controlled Affiliates not to, vote, or cause to be voted, or vote, consent or approve in any other circumstances, in which such vote, consent or other approval (including a written consent) is sought from the holders of TME
Securities, any of the TME Securities beneficially owned by them (in person, by proxy or action by written consent). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Investors,
on behalf of themselves and on behalf of their respective controlled Affiliates that beneficially own any TME Securities, hereby irrevocably appoint Tencent their true and lawful proxy and attorney with the power to act alone and with full power of
substitution and re-substitution, to vote or act by written consent with respect to all TME Securities beneficially owned by them in accordance with this <U>Section&nbsp;3.02</U> and to execute all appropriate instruments consistent with this
Agreement on behalf of the Investors and their respective controlled Affiliates. The proxy and power granted by the Investors and their respective controlled Affiliates are irrevocable and coupled with an interest and are given to secure the
performance of their obligations under this <U>Section&nbsp;3.02</U>. Tencent shall not be liable for any error of judgment nor for any act done or omitted, nor for any mistake of fact or law nor for anything which Tencent may do or refrain from
doing in good faith, nor shall Tencent have any accountability hereunder, except for its own bad faith, gross negligence or willful misconduct. If and to the extent reasonably requested by Tencent, the Investors shall issue a separate power of
attorney in the name of Tencent or any director, officer or internal or external legal counsel of Tencent, or any other representative acting on behalf of and in accordance with the instructions of Tencent, in each case duly appointed and authorized
to exercise the rights assigned to Tencent under this <U>Section&nbsp;3.02</U>, to govern the exercise of rights assigned to Tencent under this <U>Section&nbsp;3.02</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding the foregoing, the provisions set forth in <U>Section&nbsp;3.02(a)</U> through <U>(c)</U>&nbsp;shall not apply, and the
Investors and their respective controlled Affiliates that beneficially own any TME Securities shall have the right to vote their TME Securities in their sole and absolute discretion, with respect to any proposal by the Company to make changes to any
of the Control Documents (as such term is defined in the Company Articles) that is the subject of a shareholder vote, including any transfer or assignment of any party&#146;s rights and obligations under any of the Control Documents and any
appointment of representatives, specified persons or proxies under the Control Documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) The provisions of this
<U>Section&nbsp;3.02</U> shall terminate upon the earliest to occur of: (i)&nbsp;the mutual written agreement of the Company and the Shareholder, (ii)&nbsp;the time at which the Company ceases to be directly or indirectly controlled by Tencent (it
being understood that solely for purposes of determining such direct or indirect control by Tencent, Tencent shall be deemed to have full and exclusive control of all TME Securities then subject to the proxy and power granted under this
<U>Section&nbsp;3.02</U>) and (iii)&nbsp;the tenth (10<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>)&nbsp;anniversary of the date of this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE IV </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>CERTAIN GOVERNANCE MATTERS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.01 <U>Information Rights</U>. Prior to the completion of the IPO of the Company, upon written request of the Investors, the Company
shall, subject to <U>Section&nbsp;5.01</U>, deliver to the Investors the information set forth below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) as soon as practicable, but in
any event within hundred and twenty (120)&nbsp;days after the end of each fiscal year of the Company, an unaudited income statement for such fiscal year, an unaudited balance sheet of the Company and unaudited statement of shareholder&#146;s equity
as of the end of such fiscal year, and an unaudited statement of cash flows for such fiscal year, such year-end financial reports to be in reasonable detail, on a consolidated basis, prepared in accordance with IFRS or U.S. GAAP; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) as soon as practicable, but in any event within fifty (50)&nbsp;days after the end of each of the first three (3)&nbsp;fiscal quarters of
each fiscal year of the Company, an unaudited quarterly management account on a consolidated basis, prepared in accordance with IFRS or U.S. GAAP applied on a consistent basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.02 <U>Potential Business Opportunities</U>. To the fullest extent permitted by applicable Law, (i)&nbsp;Parent, the Shareholder,
their respective controlled Affiliates and their respective managers, directors, officers, employees and/or other representatives (each of the foregoing Persons (other than Parent, the Shareholder and their respective controlled Affiliates), an
&#147;<U>Identified Person</U>&#148;) shall have the right to, and shall have no duty (contractual or otherwise) to, directly or indirectly, engage in the same or similar business activities or lines of business as the Company or any of its
Subsidiaries, on their own account, or in partnership with, or as a manager, director, officer, employee or shareholder of any other Person, including those lines of business deemed to be competing with the Company or any of its Subsidiaries,
(ii)&nbsp;the Company, on behalf of itself, its Subsidiaries and its and their respective shareholders, hereby renounces any interest or expectancy of the Company and its Subsidiaries in, or in being offered an opportunity to participate in, any
business opportunity that may from time to time be presented to Parent, the Shareholder, their respective controlled Affiliates or any Identified Person, even if the opportunity is one that the Company or its Subsidiaries might reasonably be deemed
to have pursued or had the ability or desire to pursue if granted the opportunity to do so (a &#147;<U>Potential Business Opportunity</U>&#148;), and none of the Company or its shareholders or any of its Subsidiaries or their shareholders shall have
any rights in and to any Potential Business Opportunity of Parent, the Shareholder, their respective controlled Affiliates or any Identified Persons or the income or profits derived therefrom, (iii)&nbsp;Parent, the Shareholder, their respective
controlled Affiliates and the Identified Persons may do business with any potential artist, subscriber, music label or other business relationships of the Company or any of its Subsidiaries and (iv)&nbsp;neither Parent, the Shareholder, their
respective controlled Affiliates nor any Identified Person shall have any duty to communicate or offer any Potential Business Opportunity to the Company or any of its Subsidiaries or shall be liable to the Company or any of its Subsidiaries or any
of their respective members, partners, shareholders or other equity holders for breach of any duty (fiduciary, contractual or otherwise) by reason of the fact that Parent, the Shareholder, their respective controlled Affiliates or such Identified
Person pursue or acquire such Potential </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Business Opportunity, direct such business opportunity to another Person or fail to present such business opportunity, or information regarding such business opportunity, to the Company or its
Subsidiaries, unless, in each case of clauses (ii)&nbsp;and (iv), Parent, the Shareholder, their respective controlled Affiliates or such Identified Person first learn about such Potential Business Opportunity in any Confidential Information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.03 <U>Anti-Bribery Covenants</U>. The Company hereby agrees that it shall not, and shall use reasonable good faith efforts to cause
its controlled Affiliates and its and its controlled Affiliates&#146; officers, directors, employees, agents and other persons acting for or on behalf of the Company or its controlled Affiliates not to, (i)&nbsp;offer, pay, promise to pay, or
authorize the payment of any money, or offer, give, promise to give, or authorize the giving of anything of value, to any Government Official or to any Person in violation of applicable Anticorruption Laws; (ii)&nbsp;use any corporate funds or
assets for unlawful contributions, gifts, entertainment, expenses or other unlawful conduct relating to political activity; (iii)&nbsp;make, offer, promise, authorize, solicit or receive any bribe, rebate, payoff, influence payment, kickback or
other similar improper payment, whether directly or indirectly, to or from any private commercial entity for the purpose of gaining an improper business advantage in violation of applicable Anticorruption Laws; or (iv)&nbsp;take any action that
would constitute a violation of, or cause the Company to be in violation of, or fail to take any action in violation of, any applicable Anticorruption Laws, in each of cases (i)&nbsp;through (iv), which conduct would reasonably be expected,
individually or in the aggregate, to be material to the TME Group Companies, taken as a whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.04 <U>Sanctions Covenant</U>.
The Company agrees that it shall not, shall cause its controlled Affiliates not to, and instruct any of its or their respective officers, directors, employees, and agents not to, use or cause to be used any funds of the Company for the purpose of
funding, financing or facilitating any unlawful activities, business or transaction of or with (i)&nbsp;any OFAC Sanctioned Person, (ii)&nbsp;a Person that is subject to any sanctions of the European Union, the PRC or the Cayman Islands by Order of
Her Majesty in Council or (iii)&nbsp;otherwise operate in any manner that would cause the Company or any of its Subsidiaries to be in violation of OFAC Sanctions or any sanctions of the European Union, the PRC or the Cayman Islands. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE V </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>GENERAL PROVISIONS
</U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.01 <U>Confidentiality</U>. During the period beginning on the date hereof and ending on the second (2<SUP
STYLE="font-size:85%; vertical-align:top">nd</SUP>)&nbsp;anniversary of the termination of this Agreement, each Investor shall, and each Investor shall cause its controlled Affiliates to, keep all Confidential Information strictly confidential and
not disclose any Confidential Information, in whole or in part, in any manner whatsoever;<U> provided</U> that, notwithstanding anything to the contrary in this Agreement, Confidential Information may be disclosed by the Investors and their
respective controlled Affiliates (i)&nbsp;to their respective Representatives and Affiliates, in each case, to the extent such Representative or Affiliate needs to be provided such Confidential Information to assist the Investors and their
respective controlled Affiliates in evaluating or reviewing their investment in the Company (<U>provided</U>, that (A)&nbsp;such Representative or Affiliate is subject to an obligation to keep such information confidential on terms at least as
favorable to the Company as </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
this <U>Section&nbsp;5.01</U> and (B)&nbsp;the Investors and their respective controlled Affiliates shall be responsible for any breach of this <U>Section&nbsp;5.01</U> by any of their respective
Representatives or Affiliates), (ii)&nbsp;at any time following the expiration of the Lock-Up Period, to a prospective Transferee who is subject to an obligation to keep such information confidential on terms at least as favorable to the Company as
this <U>Section&nbsp;5.01</U> (<U>provided</U>, that the Investors and their respective controlled Affiliates shall be responsible for any breach of this <U>Section&nbsp;5.01</U> by such prospective Transferee) and (iii)&nbsp;if any of the Investors
or any of their respective controlled Affiliates, as applicable, has received advice from its outside counsel that it is legally required to make such disclosure to comply with applicable Law; <U>provided</U>, that prior to making such disclosure
pursuant to this clause (iii), such Person shall, to the extent legally permissible, promptly notify the Company of such request or requirement and use its reasonable best efforts to preserve the confidentiality of the Confidential Information,
including consulting with the Company regarding such disclosure and, if reasonably requested by the Company, assist the Company, at the Company&#146;s sole cost and expense, in seeking a protective order to prevent the requested disclosure; and
<U>provided</U>, <U>further</U>, that such Person may disclose only that portion of the Confidential Information that is, based on the advice of its outside counsel, legally required or requested to be disclosed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.02 <U>Amendment</U>. This Agreement may be amended, modified or supplemented only by an agreement in writing executed by all of the
parties hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.03 <U>Notices</U>. Unless otherwise provided herein, all notices and other communications hereunder shall be in
the English language and writing and shall be deemed given and received if transmitted by electronic mail (with confirmation of receipt by the recipient, which confirmation shall be promptly delivered by the recipient if so requested by the sender
in the applicable notice or other communication), on the Business Day after the date on which such notice is sent to the parties hereto at the following addresses (or at such other address for a party hereto as shall be specified by like notice):
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">If to the Company, to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Tencent Music Entertainment Group </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">7F, China Technology Trade Center </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">NO.66 North 4th Ring West Road </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Hai Dian District, Beijing </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">P.R.China 100080 </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hsiang Zhao </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">E-mail: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">with a copy (which copy alone shall not constitute notice) to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Davis Polk&nbsp;&amp; Wardwell </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Hong Kong Club Building </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">3A Chater Road, 18/F </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Hong Kong </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miranda So </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">E-mail: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">If to Tencent, to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">c/o Tencent Holdings Limited </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Level 29, Three Pacific Place </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">1 Queen&#146;s Road East </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Wanchai, Hong Kong </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compliance and Transactions Department </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Email: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">with a copy (which copy alone shall not constitute notice) to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Tencent Building, Keji Zhongyi Avenue </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Hi-tech Park, Nanshan District </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Shenzhen 518057, PRC </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mergers and Acquisitions Department </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Email: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Davis Polk&nbsp;&amp; Wardwell </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Hong Kong Club Building </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">3A Chater Road, 18/F </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Hong Kong </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miranda So </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">E-mail: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">If to Parent or the Shareholder, to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Spotify AB </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">attn. Corporate Legal </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Birger Jarlsgatan 61 </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">113 56 Stockholm </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Sweden </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">with a copy (which copy alone shall not constitute notice) to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Simpson Thacher&nbsp;&amp; Bartlett LLP </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">425 Lexington Avenue </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">New York, New York 10017 </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alan M. Klein </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sebastian Tiller </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">E-mail: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.04 <U>Waivers</U>. Any party hereto may waive in whole or in part any
benefit or right provided to it under this Agreement, such waiver being effective only if contained in a writing executed by the waiving party. The failure of a party hereto at any time or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
times to require performance of any provision hereof shall in no manner affect its right at a later time to enforce the same. No waiver by a party hereto of any condition or of any breach of any
term or covenant contained in this Agreement shall be effective unless in writing, and no waiver in any one or more instances shall be deemed to be a further or continuing waiver of any such condition or breach in other instances or a waiver of any
other condition or breach of any other term or covenant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.05 <U>Successors and Assignment</U>. Except as expressly provided in
<U>Section&nbsp;2.03</U>, neither this Agreement, nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto, in whole or in part (whether by operation of law or otherwise), without the prior written
consent of the other parties hereto, and any attempt to make any such assignment without such consent shall be null and void. Subject to the immediately preceding sentence, this Agreement will be binding upon, inure to the benefit of and be
enforceable by, the parties hereto and their respective permitted successors and assigns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.06 <U>No Third-Party
Beneficiaries</U>. This Agreement is solely for the benefit of the parties to this Agreement and no provision of this Agreement shall be deemed to confer upon any other Person any remedy, claim, liability, reimbursement, cause of action or other
right. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.07 <U>Severability</U>. If any provision of this Agreement shall be held invalid, illegal or unenforceable, the
validity, legality or enforceability of the other provisions hereof shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar as possible to the provision at
issue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.08 <U>Entire Understanding</U>. This Agreement, together with the Subscription Agreement, sets forth the sole and entire
agreement and understanding of the parties hereto with respect to the transactions contemplated hereby and all inducements to the making of this Agreement relied upon by the parties hereto and supersedes any and all prior representations,
warranties, agreements, arrangements and understandings, both written and oral, among the parties hereto relating to the subject matter hereof (including that certain non-binding term sheet, dated August&nbsp;21, 2017, by and among the parties
hereto). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.09 <U>Governing Documents; Other Shareholder Agreements</U>. The parties hereto hereby acknowledge that the Investors
and their respective controlled Affiliates may, in respect of the TME Securities they beneficially own, be or become party or subject to other Governing Documents of the Company, and the Investors shall, and the Investors shall cause their
respective controlled Affiliates to, comply with the provisions of this Agreement (it being understood that the exercise by the Investors or any of their respective controlled Affiliates of any rights under such other Governing Documents shall at
all times be subject to compliance with the provisions set forth herein). The Company shall not adopt or enter into any Governing Document with any Person with respect to, directly or indirectly, any TME Securities which would prevent the Company
from complying with the provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.10 <U>Waiver of Separate Shareholder Class Rights</U>. The Investors
acknowledge and agree that, to the extent that there may be any inconsistency found or asserted between this Agreement and the Governing Documents of the Company in respect of the rights </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
and obligations attaching to the TME Shares beneficially owned by the Investors and their respective controlled Affiliates (the &#147;<U>Investor Shares</U>&#148;) as against any or all other TME
Shares, unless otherwise requested or permitted by the Company in writing, (i)&nbsp;the Investors shall not, and shall cause their respective controlled Affiliates not to, in any way and for any purpose, (A)&nbsp;claim that any such inconsistency
has the effect of rendering any or all of the Investor Shares as being in a separate class of shares in the Company from the other TME Shares; or (B)&nbsp;request that the Company acknowledges that the Investor Shares are in a separate class of
shares from the other TME Shares or seek its consent as a holder of a separate class of shares in the Company from the other TME Shares in relation to any matter that may require the vote or consent of the holders of TME Shares; and (ii)&nbsp;the
Investors shall not, and shall cause their respective controlled Affiliates not to, in any way and for any purpose vote or attempt to vote any or all of the Investor Shares in a separate shareholder class meeting or by way of a written resolution of
holder(s) of a separate class of shares from other TME Shares in respect of any matter that may require the vote or consent of the holders of TME Shares. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.11 <U>Dual-Class Structure</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Each Investor, on behalf of itself and its Affiliates, acknowledges and agrees that (i)&nbsp;the Company may adopt a dual-class share
structure such that its share capital will include Class&nbsp;A ordinary shares and Class B ordinary shares at any time at or prior to the completion of an IPO of the Company (the &#147;<U>Effective Event</U>&#148;); (ii)&nbsp;in connection with
such adoption of a dual-class share structure, (x)&nbsp;the Investor Shares and any other shares of the Company that are owned by such Investor or any of its controlled Affiliates (whether as a result of any subscription of new shares by, or any
Transfer by another holder of shares to, such Investor or any of its controlled Affiliates, or otherwise) immediately prior to the Effective Event may, if determined by the board of directors of the Company, be designated as Class&nbsp;A ordinary
shares upon the Effective Event, (y)&nbsp;any shares of the Company issued and sold in the IPO may, if determined by the Board, be designated as Class&nbsp;A ordinary shares, and (z)&nbsp;all or a portion of the TME Securities that are owned by any
Person that is a shareholder of the Company as of the date of the Subscription Agreement or any of its Affiliates or any other Person as may be designated by the Company (whether as a result of any subscription of new shares by, or any Transfer by
another holder of shares to, such holder, its Affiliates or such other Person, or otherwise) immediately prior to the Effective Event may, if determined by the board of directors of the Company, be designated as Class B ordinary shares upon the
Effective Event; (iii)&nbsp;each Class&nbsp;A ordinary share will be entitled to one vote and each Class B ordinary share will be entitled to up to fifteen (15)&nbsp;votes on all matters to be voted upon by or otherwise requiring the consent of the
Company&#146;s shareholders; and (iv)&nbsp;Class B ordinary shares will automatically and immediately convert into an equal number of Class&nbsp;A ordinary shares upon the occurrence of any transfer of such Class B ordinary shares by the holder
thereof or an Affiliate of such holder to any Person that is not an Affiliate of such holder, or any other event that may be designated by the Company (the matters described in (i)&nbsp;through (iv)&nbsp;above being referred to as the
&#147;<U>Dual-Class Structure and Re-Designation</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each Investor, on behalf of itself and its controlled Affiliates, hereby
unconditionally and irrevocably (i)&nbsp;consents to the Dual-Class Structure and Re-Designation, including without limitation for all purposes under the Governing Documents of the Company; (ii)&nbsp;waives any veto rights and all similar rights
(whether arising at contract or in law or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
otherwise) in respect of the Dual-Class Structure and Re-Designation; (iii)&nbsp;subject to <U>Section&nbsp;3.02</U>, agrees to vote, or cause to be voted, the TME Securities or any other shares
of the Company that are beneficially owned by such Investor or its controlled Affiliates from time to time and at any time after the date of this Agreement and until the Effective Event, (A)&nbsp;in favor of, and (B)&nbsp;against any action,
proposal, transaction or agreement that could reasonably be expected to impede, interfere with, delay, discourage, adversely affect or inhibit, the Dual-Class Structure and Re-Designation and adoption of any amendment to the Company Articles to
reflect the Dual-Class Structure and Re-Designation and other changes as necessary in facilitation of an IPO of the Company, at every meeting (or in connection with any action by written consent) of the Company&#146;s shareholders at which such
matters are considered and at any adjournment or postponement thereof; and (iv)&nbsp;agrees to promptly execute, deliver or enter into any other agreement, document, consent, approval or instrument, and take any other actions, which may be
reasonably necessary or advisable to effect the Dual-Class Structure and Re-Designation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Other than to effectuate the Dual-Class
Structure and Re-Designation as provided in <U>Section&nbsp;5.11(a)</U> and <U>Section&nbsp;5.11(b)</U>, the Company shall not exercise its right to purchase or redeem (for the purposes of Section&nbsp;37 of the Companies Law of the Cayman Islands
(as amended)) the TME Shares owned by any Investor or its controlled Affiliates pursuant to the Company Articles without the prior written consent of such Investor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.12 <U>Governing Law</U>. This Agreement and its enforcement, and any controversy arising out of or relating to the making or
performance of this Agreement, shall be governed by and construed in accordance with the law of the State of New York, without regard to New York&#146;s principles of conflicts of law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.13 <U>Arbitration</U>. All disputes, controversies or claims arising out of or in connection with this Agreement and any and all
claims arising out of or in connection with it, including any extra-contractual claims shall be resolved by final and binding arbitration in accordance with the Rules of Arbitration of the International Chamber of Commerce (the
&#147;<U>ICC</U>&#148;) by three (3)&nbsp;arbitrators appointed in accordance with the Rules of Arbitration of the ICC. The claimant(s) shall nominate one (1)&nbsp;arbitrator in the request for arbitration. The respondent(s) shall nominate one
(1)&nbsp;arbitrator in the answer to the request. The two (2)&nbsp;arbitrators nominated by the claimant and the respondent may be nationals of any country. The two (2)&nbsp;party- nominated arbitrators shall then attempt to agree, in consultation
with the claimant(s) and the respondent(s), upon the nomination of a third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;arbitrator to act as president of the tribunal. If the third
(3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;arbitrator has not been nominated within thirty (30)&nbsp;days of the date of the appointment of the second (2<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP>)&nbsp;arbitrator,
the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;arbitrator shall be nominated by the ICC International Court of Arbitration. The third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;arbitrator and president
of the tribunal shall not be a national of the PRC or Sweden. The place of arbitration shall be Wilmington, Delaware, United States of America. The language of the arbitration shall be English. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.14 <U>Counterparts</U>. This Agreement may be executed (including by e-mail delivery of a portable document format
(&#147;.pdf&#148;) file) in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same original instrument. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.15 <U>Specific Performance</U>. The parties hereto hereby recognize, acknowledge
and agree that the breach or violation of this Agreement by a party hereto would cause irreparable damage to the other parties hereto and that none of the parties hereto has an adequate remedy at Law. Each party hereto shall therefore be entitled,
in addition to any other remedies that may be available, to obtain specific performance of the terms of this Agreement, and appropriate injunctive relief may be applied for and granted in connection therewith. Any party hereto seeking an order or
injunction to prevent breaches of this Agreement or to enforce specifically the terms and provisions hereof shall not be required to provide, furnish or post any bond or other security in connection with or as a condition to obtaining any such order
or injunction, and each party hereto hereby irrevocably waives any right it may have to require the provision, furnishing or posting of any such bond or other security. If any action is brought by any party hereto to enforce this Agreement, the
other parties hereto shall waive the defense that there is an adequate remedy at Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.16 <U>Termination</U>. Except for
<U>Section&nbsp;2.02(a)</U>, <U>Section&nbsp;3.01</U> and <U>Section&nbsp;3.02</U> (which shall expire in accordance with their respective terms), this Agreement shall terminate and be of no further force and effect as to Parent or the Shareholder
and their respective controlled Affiliates upon the earlier to occur of (i)&nbsp;the mutual written agreement of Parent or the Shareholder, as applicable, and the Company and (ii)&nbsp;the date on which Parent or the Shareholder, as applicable, and
its controlled Affiliates, taken together, no longer beneficially own any TME Securities, except that, in each case, the provisions set forth in this <U>Article V</U> shall survive the termination of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.17 <U>Other Agreements</U>. Neither Parent nor the Shareholder shall, and each of Parent and the Shareholder shall cause its
controlled Affiliates not to, enter into any agreement of any kind with any Person with respect to, directly or indirectly, any TME Securities which is inconsistent with the provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.18 <U>Representations</U>. Tencent hereby represents and warrants to Parent that, as of the date hereof, (i)&nbsp;except as set
forth in <U>Section&nbsp;5.18</U> of the TME Disclosure Letter, none of Tencent or any of its Subsidiaries (other than the Company and its Subsidiaries) (A)&nbsp;conducts or otherwise operates any Music Business, (B)&nbsp;beneficially owns more than
2.5% of the outstanding capital stock or other equity interests of any Person that, directly or, to the Knowledge of TME, indirectly, primarily conducts or otherwise primarily operates any Music Business (other than any indirect ownership of the
outstanding capital stock or other equity interests of any such Person through<I> bona fide</I> investments in any Eligible Fund) or (C) beneficially owns any outstanding capital stock or other equity interests of any of the Persons set forth in
<U>Section&nbsp;5.18(i)(C)</U> of the TME Disclosure Letter (other than the indirect ownership of any outstanding capital stock or other equity interests of any such Person through<I> bona fide</I> investments in any Eligible Fund) and
(ii)&nbsp;<U>Section&nbsp;5.18</U> of the TME Disclosure Letter sets out the categories of assets, rights or properties owned by Tencent or any of its Subsidiaries (other than the Company and its Subsidiaries) and licensed to or used by the Company
and its Subsidiaries to conduct their Music Business, except for such assets, rights or properties that, individually or in the aggregate, are not material to such Music Business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>The remainder of this page is intentionally left blank.</I>] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, each of the following parties hereto has caused this Agreement to
be duly executed and delivered in its name and on its behalf, all as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TENCENT MUSIC ENTERTAINMENT GROUP</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TENCENT HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY AB</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule I </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule II </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule III </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit B </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[See Attached] </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>STRICTLY PRIVATE AND CONFIDENTIAL </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit B </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTOR
AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>among </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPOTIFY TECHNOLOGY S.A., </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC ENTERTAINMENT GROUP, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC ENTERTAINMENT HONG KONG LIMITED, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT HOLDINGS LIMITED, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>IMAGE FRAME INVESTMENT (HK) LIMITED </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>and, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>solely with
respect to Section&nbsp;1.02, Section&nbsp;2.07, Section&nbsp;3.02, Section&nbsp;5.02, Section&nbsp;5.03, Section&nbsp;5.04, Section&nbsp;5.05, Section&nbsp;5.06, Section&nbsp;5.07, Section&nbsp;5.10, Section&nbsp;5.11, Section&nbsp;5.12,
Section&nbsp;5.13 and Section&nbsp;5.14 thereof, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>D.G.E. INVESTMENTS LTD </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>and, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>solely with
respect to Section&nbsp;1.02, Section&nbsp;2.07, Section&nbsp;3.02, Section&nbsp;5.02, Section&nbsp;5.03, Section&nbsp;5.04, Section&nbsp;5.05, Section&nbsp;5.06, Section&nbsp;5.07, Section&nbsp;5.10, Section&nbsp;5.11, Section&nbsp;5.12,
Section&nbsp;5.13 and Section&nbsp;5.14 thereof, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ROSELLO COMPANY LIMITED </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DATED AS OF [</B>&#9679;<B></B><B>], 2017 </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>TABLE OF CONTENTS </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE I DEFINITIONS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;1.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Certain Defined Terms</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;1.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Other Definitional Provisions; Interpretation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE II TRANSFER OF SPOTIFY SECURITIES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">General Transfer Restrictions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Restrictions on Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Joinder to Investor Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Notice of Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.05</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Legends</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.06</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Lock-Up</FONT> Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.07</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Drag-Along Right</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.08</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Delay of Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE III STANDSTILL; VOTING</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Standstill Covenant</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Voting Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE IV CERTAIN GOVERNANCE MATTERS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Information Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Potential Business Opportunities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Anti-Bribery Covenants</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Sanctions Covenant</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE V GENERAL PROVISIONS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.01</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Confidentiality</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.02</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Amendment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.03</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Notices</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.04</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Waivers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.05</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Successors and Assignment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.06</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">No Third-Party Beneficiaries</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.07</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Severability</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.08</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Entire Understanding</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.09</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Governing Documents; Other Shareholder Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Governing Law</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Arbitration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.12</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Counterparts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Specific Performance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.14</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Termination</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.15</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Other Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.16</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Representations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Index of Defined Terms </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Affiliate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anticorruption Laws</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficial owner</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficial ownership</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficially own</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Board</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Brokerage Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Business Day</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Competing Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Confidential Information</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible Notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Derivative Security</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">DGE Investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Drag Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Drag-Along Notice</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Drag-Along Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Eligible Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foreign or State Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Founder Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Founders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fully Diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ICC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Identified Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Institutional Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investor</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">IPO</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Law</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Main Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Main Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">non-marketable</FONT> securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC Sanctioned Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC Sanctions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Permitted Transferee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Person or person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Potential Business Opportunity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prohibited Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prohibited Person List</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Qualified Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Representatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rights Holder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rosello</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SDN List</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Secretary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Securities Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Standstill Cap</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Standstill Period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Strategic Investor</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subscription Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subsidiary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent Hong Kong Secondary Purchase</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Investor Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total Voting Power</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferring Founder(s)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferring Holders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">VIE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTOR AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">INVESTOR AGREEMENT, dated as of [&#9679;], 2017 (this &#147;<U>Agreement</U>&#148;), among Spotify Technology S.A., a public limited company
(<I>soci&eacute;t&eacute;</I><I> anonyme)</I> incorporated under the laws of Luxembourg, having its registered office at <FONT STYLE="white-space:nowrap">42-44</FONT> avenue de la Gare, <FONT STYLE="white-space:nowrap">L-1610</FONT> Luxembourg, and
registered with the Luxembourg Trade and Companies Register under number B 123 052 (the &#147;<U>Company</U>&#148;), Tencent Music Entertainment Group, an exempted company incorporated with limited liability under the laws of the Cayman Islands
(&#147;<U>TME</U>&#148;), Tencent Music Entertainment Hong Kong Limited, a company incorporated under the laws of Hong Kong (&#147;<U>TME Hong Kong</U>&#148;), Tencent Holdings Limited, an exempted company incorporated with limited liability under
the laws of the Cayman Islands (&#147;<U>Tencent</U>&#148;), Image Frame Investment (HK) Limited, a company incorporated under the laws of Hong Kong and a wholly-owned Subsidiary of Tencent (&#147;<U>Tencent Hong Kong</U>&#148; and, together with
TME, TME Hong Kong and Tencent, the &#147;<U>Tencent Parties</U>&#148; and the Tencent Parties, together with the Company, jointly the &#147;<U>Main Parties</U>&#148; and individually a &#147;<U>Main Party</U>&#148;), and, solely with respect to
<U>Section&nbsp;1.02</U>, <U>Section&nbsp;2.07</U>, <U>Section&nbsp;3.02</U>, <U>Section&nbsp;5.02</U>, <U>Section&nbsp;5.03</U>, <U>Section&nbsp;5.04</U>, <U>Section&nbsp;5.05</U>, <U>Section&nbsp;5.06</U>, <U>Section&nbsp;5.07</U>,
<U>Section&nbsp;5.10</U>, <U>Section&nbsp;5.11</U>, <U>Section&nbsp;5.12</U>, <U>Section&nbsp;5.13</U> and <U>Section&nbsp;5.14</U>, D.G.E. Investments Limited, Reg. No. HE 169064, a company incorporated under the laws of Cyprus, with address Arch.
Makariou&nbsp;&amp; Kalograion 4, Nicolaides Sea View City, 9th Floor, Offices <FONT STYLE="white-space:nowrap">903-904,</FONT> Block <FONT STYLE="white-space:nowrap">A-B,</FONT> 6016 Larnaca, Cyprus (&#147;<U>DGE Investments</U>&#148;), and, solely
with respect to <U>Section&nbsp;1.02</U>, <U>Section&nbsp;2.07</U>, <U>Section&nbsp;3.02</U>, <U>Section&nbsp;5.02</U>, <U>Section&nbsp;5.03</U>, <U>Section&nbsp;5.04</U>, <U>Section&nbsp;5.05</U>, <U>Section&nbsp;5.06</U>, <U>Section&nbsp;5.07</U>,
<U>Section&nbsp;5.10</U>, <U>Section&nbsp;5.11</U>, <U>Section&nbsp;5.12</U>, <U>Section&nbsp;5.13</U> and <U>Section&nbsp;5.14</U>, Rosello Company Limited, Reg. No. HE 165082, a limited liability company incorporated under the laws of Cyprus, with
address 22 Stasikratous Street, Office 104, 1065 Nicosia, Cyprus (&#147;<U>Rosello</U>&#148; and, together with DGE Investments, the &#147;<U>Founders</U>&#148;), and any other Person that becomes a party to this Agreement pursuant to <U>Article
II</U>. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>BACKGROUND </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On the date hereof, the Company issued [&#9679;] common shares, &#128;0.025 par value per share, of the Company (the &#147;<U>Spotify
Shares</U>&#148;) to TME Hong Kong pursuant to that certain Subscription Agreement, dated as of December&nbsp;8, 2017, by and among the Company, Spotify AB, a corporation incorporated under the laws of Sweden, TME and TME Hong Kong (the
&#147;<U>Subscription Agreement</U>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Tencent Hong Kong intends to purchase and acquire from one or more holders of the
Convertible Notes additional Spotify Shares, which will be issued to such holder(s) upon conversion or exchange of a portion of the Convertible Notes (such purchase, the &#147;<U>Tencent Hong Kong Secondary Purchase</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally
bound hereby, the parties hereto hereby agree as follows. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>DEFINITIONS </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1.01
<U>Certain Defined Terms</U>. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Subscription Agreement. As used in this Agreement, the following terms shall have the following meanings: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; of any Person shall mean, as of any date, any Person that, directly or indirectly, through one or more
intermediaries, controls, is controlled by or is under common control with such first Person. For purposes of this Agreement, a Person shall be deemed to &#147;control&#148; another Person if such first Person possesses, directly or indirectly, the
power to direct, or cause the direction of, the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise. For the avoidance of doubt, for purposes of this Agreement, (i)&nbsp;none of
the Investors or any of their respective controlled Affiliates shall be deemed to be an Affiliate of the Company, any Founder or any of their respective Affiliates, (ii)&nbsp;none of the Company, the Founders or any of their respective Affiliates
shall be deemed to be an Affiliate of the Investors or any of their respective controlled Affiliates and (iii)&nbsp;any of the Investors&#146; VIEs and their respective Subsidiaries shall be deemed to be controlled Affiliates of such Investors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Anticorruption Laws</U>&#148; shall mean Laws governing bribery and corruption, including the U.S. Foreign Corrupt Practices Act of
1977, as amended (15 U.S.C. &#167;&#167; 78a et seq. (1997 and 2000)), the UK Bribery Act 2010 and the anti-bribery and anticorruption Laws in the PRC (including the Criminal Law and Anti-Unfair Competition Law of the PRC). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>beneficial owner</U>&#148; and words of similar import (including &#147;<U>beneficially own</U>&#148; and &#147;<U>beneficial
ownership</U>&#148;) shall have the meaning assigned to such terms in Rule <FONT STYLE="white-space:nowrap">13d-3</FONT> promulgated under the Exchange Act (or any comparable successor rule thereto). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Board</U>&#148; shall mean the board of directors or similar governing body of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Day</U>&#148; shall mean any day of the year other than (i)&nbsp;any Saturday or Sunday or (ii)&nbsp;any other day on which
banks located in New York City, New York, United States of America, London, United Kingdom, Stockholm, Sweden, Luxembourg, Grand Duchy of Luxembourg, Hong Kong S.A.R., Shenzhen, PRC or the Cayman Islands are closed for business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Competing Business</U>&#148; shall mean any activities that are in direct and material competition with the business activities of
the Company and its Subsidiaries. Direct competition shall include offering audio or video streaming or download services to consumers and businesses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Confidential Information</U>&#148; shall mean all confidential and proprietary information (irrespective of the form of communication
and whatever the form or storage medium and including any copies or reproductions thereof) obtained by or on behalf of the Investors or their respective controlled Affiliates or any Identified Persons from the Company or its Affiliates or their
respective Representatives, through the ownership of any Spotify Securities </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
or the Investors&#146; rights pursuant to this Agreement or otherwise, other than information which: (i)&nbsp;at the time of disclosure was, or thereafter becomes, available to the Investors,
their respective controlled Affiliates or their respective Representatives; <U>provided</U>, that such information was not known by the Investors, their respective controlled Affiliates or their respective Representatives to have been obtained from
a Person in violation of any obligation of confidentiality to the Company; (ii)&nbsp;at the time of disclosure was, or thereafter becomes, generally available to the public other than directly or indirectly as a result of a disclosure by the
Investors, their respective controlled Affiliates or any of their respective Representatives in violation of this Agreement; or (iii)&nbsp;is or was generated independently by the Investors, their respective controlled Affiliates or any of their
respective Representatives without reference to such information and without violating the confidentiality provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Convertible Notes</U>&#148; shall mean the Convertible Senior Notes issued by the Company on April&nbsp;1, 2016 with an aggregate
original principal amount of US$1&nbsp;billion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Derivative Security</U>&#148; shall mean, with respect to any Person, any right,
option, other security or derivative position that has an exercise, exchange or conversion privilege or a settlement payment or mechanism at a price related to, or a value determined in whole or in part with reference to or derived in whole or in
part from, the value of any securities, bank debt or other obligations of such Person or any of its Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Eligible
Fund</U>&#148; shall mean, with respect to any Person, any investment fund or asset management vehicle (which may, for the avoidance of doubt, be a hedge fund, venture capital fund or private equity fund) that (i)&nbsp;engages in the types of
activities restricted by <U>Section&nbsp;3.01</U> or other investment activities, in each case, in the ordinary course of its business, (ii)&nbsp;does not control, is not controlled by, and is not under common control or joint control with, directly
or indirectly, such Person (and neither such Person nor any of its Affiliates has the power to (A)&nbsp;vote, or direct the voting of, or the power to dispose, or to direct the disposition of, the securities and other assets of such fund or vehicle,
(B)&nbsp;invest, or direct the investment of, the funds of such fund or vehicle or (C)&nbsp;otherwise influence or direct the actions and operations of such fund or vehicle, including with respect to the amount, form and timing of any
distributions), and (iii)&nbsp;is not in the possession of any Confidential Information provided by such Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Exchange
Act</U>&#148; shall mean the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fully Diluted</U>&#148; shall mean, with respect to the share capital of the Company, the sum of (i)&nbsp;all shares of capital stock
of the Company issued and outstanding as of such date, <I>plus</I> (ii)&nbsp;all shares of capital stock of the Company issuable upon exercise of all options, warrants and other rights to purchase or otherwise acquire shares of capital stock of the
Company granted, issued and outstanding as of such date, <I>plus</I> (iii)&nbsp;all shares of capital stock issuable upon conversion, exchange or exercise of any securities of the Company that are convertible into, exchangeable or exercisable for
shares of capital stock of the Company granted, issued and outstanding as of such date, and <I>plus</I> (iv)&nbsp;all restricted shares of the Company granted, issued and outstanding as of such date; <U>provided</U>, <U>however</U>, that
(A)&nbsp;with respect to any convertible debt securities of the Company, the shares of capital stock issuable upon conversion of such securities shall be included in the calculation of the Fully Diluted share capital of the Company if the price </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
per share of capital stock of the Company into which such securities are convertible as of such date (regardless of whether such securities are convertible at that time) is greater than or equal
to the applicable conversion price of such securities, in which case the number of shares of capital stock to be included in the calculation of the Fully Diluted share capital of the Company in respect of such convertible debt securities will be
calculated by dividing the total principal amount (plus any accrued <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">payment-in-kind</FONT></FONT> interest) of such securities by the applicable conversion price and (B)&nbsp;with
respect to any options or warrants of the Company, the number of shares of capital stock of the Company to be included in the calculation of the Fully Diluted share capital in respect of such options or warrants shall be the product of (x)&nbsp;a
fraction, the numerator of which is the excess (if any) of the price per share of capital stock of the Company as of such date over the weighted average exercise price per share of capital stock of the Company as of such date for all such options
and warrants (regardless of whether such options and/or warrants are exercisable at that time), and the denominator of which is the price per share of capital stock of the Company as of such date and (y)&nbsp;the total number of shares of capital
stock of the Company issuable upon exercise of all such options and warrants; <U>provided</U>, <U>further</U>, that neither the Spotify <FONT STYLE="white-space:nowrap">Top-Up</FONT> Options, nor the Convertible Notes (including any accrued <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">payment-in-kind</FONT></FONT> interest), nor any Beneficiary Certificates shall be included for purposes of calculating the Fully Diluted share capital of the Company. For purposes of this
definition, the price per share of the capital stock of the Company shall be determined (1)&nbsp;if such shares are publicly traded on a national securities exchange in the United States or a <FONT STYLE="white-space:nowrap">non-U.S.</FONT>
securities exchange, the volume weighted average of the price per share for the ninety (90)&nbsp;trading days ending on (and including) the last trading day prior to the first day of the calendar month in which the Fully Diluted share capital is
determined, as obtained from Bloomberg L.P. (or, if not reported therein, from another authoritative source) and (2)&nbsp;if such shares are not so publicly traded, the price per share determined by an internationally recognized valuation firm that
is independent from the Company, the Investors and their respective controlled Affiliates and that is mutually selected by the Company and TME. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Institutional Fund</U>&#148; shall mean any investment fund or asset management vehicle (which may, for the avoidance of doubt, be a
hedge fund, venture capital fund or private equity fund) that (i)&nbsp;engages in the investment activities in the ordinary course of its business, and (ii)&nbsp;does not control, is not controlled by, and is not under common control or joint
control with, directly or indirectly, any Prohibited Person (and neither any Prohibited Person nor any of its Affiliates has the power to (A)&nbsp;vote, or direct the voting of, or the power to dispose, or to direct the disposition of, the
securities and other assets held by such fund or vehicle, (B)&nbsp;invest, or direct the investment of, the funds of such fund or vehicle or (C)&nbsp;otherwise influence or direct the actions and operations of such fund or vehicle, including with
respect to the amount, form and timing of any distributions). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Investor</U>&#148; shall mean any of (i)&nbsp;Tencent, Tencent
Hong Kong, TME and TME Hong Kong to the extent it beneficially owns any Spotify Securities and (ii)&nbsp;each of their respective Transferees that beneficially own any Spotify Securities and that have executed and delivered to the Company a joinder
agreement to be bound by the provisions of this Agreement pursuant to <U>Section&nbsp;2.03</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>IPO</U>&#148; shall mean the
first listing of equity securities of the Company (or a holding company or any other Spotify Group Company that holds all or substantially all of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
assets of the Company and its Subsidiaries on a consolidated basis) on an internationally recognized stock exchange or similar marketplace of recognized national standing (excluding, for the
avoidance of doubt, private secondary markets or similar), including the direct listing without conducting a concurrent offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Law</U>&#148; shall mean any law, statute, code, regulation, ordinance or rule, in each case, enacted or promulgated by any
Governmental Body, or any Order or other legally enforceable requirement of a Governmental Body, in each case, as amended, restated, supplemented or modified from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>OFAC Sanctioned Person</U>&#148; shall mean any government, country, corporation or other entity, group or individual with whom or
which the OFAC Sanctions prohibit a U.S. Person from engaging in transactions, and includes any individual or corporation or other entity that appears on the current OFAC list of Specially Designated Nationals and Blocked Persons (the &#147;<U>SDN
List</U>&#148;). For ease of reference, and not by way of limitation, OFAC Sanctioned Persons other than governments and countries can be found on the SDN List on OFAC&#146;s website at www.treas.gov/offices/enforcement/ofac/sdn. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>OFAC Sanctions</U>&#148; shall mean any sanctions program administered by the Office of Foreign Assets Control of the U.S. Department
of the Treasury (&#147;<U>OFAC</U>&#148;) under authority delegated to the Secretary of the Treasury (the &#147;<U>Secretary</U>&#148;) by the President of the United States or provided to the Secretary by statute, and any order or license issued
by, or under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of limitation, OFAC Sanctions programs are described
on OFAC&#146;s website at www.treas.gov/ofac. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted Transferee</U>&#148; of any Person shall mean any Affiliate of such
Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Person</U>&#148; or &#147;<U>person</U>&#148; shall mean any individual, corporation, business trust, proprietorship,
firm, partnership, limited partnership, limited liability partnership, limited liability company, trust, association, joint venture, Governmental Body or other entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Prohibited Person</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule I attached hereto (the &#147;<U>Prohibited Person
List</U>&#148;), which list may be updated pursuant to <U>Section&nbsp;2.02(c)</U>, and (ii)&nbsp;any Affiliate of each of the foregoing Persons. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Representatives</U>&#148; shall mean, with respect to any Person, such Person&#146;s directors, managers, officers, employees and
advisors (including financial advisors, attorneys, accountants and consultants); <U>provided</U>, <U>however</U>, that for the avoidance of doubt (i)&nbsp;a shareholder, member, partner or other equity holder of such Person or (ii)&nbsp;a music
record label or other rights holder, in each case, shall not be deemed, and shall not constitute, a &#147;Representative&#148; for purposes of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Rights Holder</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule II attached hereto and (ii)&nbsp;any Affiliate of each of
the foregoing Persons. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Securities Act</U>&#148; shall mean the U.S. Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Investor Agreement</U>&#148; shall mean that certain investor agreement,
dated as of the date hereof, by and among the Company, Spotify AB, TME and Tencent, with respect to Spotify AB&#146;s investment in the TME.<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Securities</U>&#148; shall mean shares of capital stock of the Company, warrants, options, convertible securities,
exchangeable securities or similar rights or instruments of the Company exercisable, exchangeable or convertible into, or requiring the issuance, allotment or delivery of shares of capital stock of the Company, including the Spotify Shares. For
purposes of this Agreement, each option to purchase Spotify Securities shall be considered a Spotify Security only together with the Spotify Securities underlying such option, and such option and the underlying Spotify Securities shall be considered
one single Spotify Security. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Strategic Investor</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule III attached hereto
and (ii)&nbsp;any Affiliate of each of the foregoing Persons; <U>provided</U>, that a &#147;Strategic Investor&#148; shall not include any Eligible Fund in which such Person makes or holds a <I>bona fide</I> investment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Subsidiary</U>&#148; shall mean, with respect to any Person, any other Person, whether incorporated or unincorporated, (i)&nbsp;of
which more than fifty percent (50%) of either the equity interests in, or the voting control of, such other Person is, directly or indirectly through Subsidiaries or otherwise, beneficially owned by such first Person, (ii)&nbsp;of which such first
Person is the general partner or managing member, (iii)&nbsp;which is a VIE of such first Person or (iv)&nbsp;which is a Subsidiary of any VIE of such first Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Total Voting Power</U>&#148; shall mean the total number of votes entitled to be cast generally in the election of the members of the
Board represented by the Spotify Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transfer</U>&#148; shall mean (with its cognates having corresponding meanings),
with respect to any securities, (i)&nbsp;any sale, exchange, transfer, redemption, grant, pledge, hypothecation or other disposition, whether voluntary or involuntary, and whether or not for value, of any of such securities, or any securities,
options, warrants or rights convertible into or exercisable or exchangeable for, or for the purchase or other acquisition of, or otherwise with respect to, any of such securities or any contract or other binding arrangement or understanding (in each
case, whether written or oral) to take any of the foregoing actions or (ii)&nbsp;entering into any swap or other agreement, arrangement or understanding, whether or not in writing, that, directly or indirectly, transfers, conveys or otherwise
disposes of, in whole or in part, any of the economic or other risks or consequences of ownership of any of such securities, including short sales of applicable securities, option transactions with respect to securities, use of equity or other
derivative financial instruments relating to such securities and other hedging arrangements with respect to such securities, whether any such transaction described in clause (i)&nbsp;or (ii) above is to be settled by delivery of such securities,
other securities, cash or otherwise; <U>provided</U>, <U>however</U>, that any such sale, exchange, transfer, redemption, grant, pledge, hypothecation or other disposition referred to in clause (i)&nbsp;of, or any of the agreements, arrangements or
understandings referred to in clause (ii)&nbsp;in respect of, the securities of any Person that beneficially owns any Spotify Securities (including any shares or other securities of Tencent or TME) shall not constitute a &#147;Transfer&#148; of
Spotify Securities for purposes of this Agreement (and shall not be subject to any of the restrictions set forth in <U>Article II</U>), except that (A)&nbsp;the transfer of any shares </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
or other securities of TME Hong Kong shall constitute a &#147;Transfer&#148; of Spotify Securities for purposes of this Agreement (and such transfer shall be subject to the restrictions set forth
in <U>Article II</U>) if, at the time of such transfer, TME Hong Kong and its Subsidiaries do not own or otherwise hold all or substantially all of the assets of TME and (B)&nbsp;the transfer of any shares or other securities of Tencent Hong Kong
shall constitute a &#147;Transfer&#148; of Spotify Securities for purposes of this Agreement (and such transfer shall be subject to the restrictions set forth in <U>Article II</U>) if, at the time of such transfer, Tencent Hong Kong and its
Subsidiaries do not own or otherwise hold all or substantially all of the assets of Tencent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferee</U>&#148; shall mean a
Person that receives a Transfer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>VIE</U>&#148; shall mean, with respect to any Person, any other Person (i)&nbsp;over which such
first Person can effect direct or indirect control through direct or indirect contractual arrangements and (ii)&nbsp;whose financial results are consolidated with the net revenues of such first Person and are recorded on the books of such first
Person for financial reporting purposes in accordance with the accounting standards applicable to such first Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1.02
<U>Other Definitional Provisions; Interpretation</U>. The table of contents and headings preceding the text of articles and sections included in this Agreement and the headings to schedules and exhibits attached to this Agreement are for convenience
only and shall not be deemed part of this Agreement or be given any effect in interpreting this Agreement. All exhibits and schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth
in full herein. The use of the masculine, feminine or neuter gender or the singular or plural form of words herein shall not limit any provision of this Agreement. The terms as set forth in this Agreement have been arrived at after mutual
negotiation with the advice of counsel and, therefore, it is the intention of the parties hereto that its terms may not be construed against any of the parties hereto by reason of the fact that it was prepared by one of the parties hereto. Reference
to any Person includes such Person&#146;s successors (including by operation of law) and assigns to the extent such successors and assigns are permitted by the terms of any applicable agreement, and reference to a Person in a particular capacity
excludes such Person in any other capacity or individually. Reference to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in
accordance with the terms thereof and, if applicable, the terms hereof. All references to &#147;Section,&#148; &#147;Sections,&#148; &#147;Article,&#148; &#147;Articles,&#148; &#147;Exhibit&#148; or &#147;Exhibits&#148; refer to the corresponding
Section, Sections, Article, Articles, Exhibit or Exhibits of this Agreement. The word &#147;including&#148; shall mean &#147;including without limitation.&#148; The words &#147;hereof,&#148; &#147;herein&#148; and &#147;hereunder&#148; and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. &#147;Extent&#148; in the phrase to &#147;to the extent&#148; shall mean the degree to which a subject or
other item extends and shall not simply mean &#147;if&#148;. The word &#147;or&#148; is used in the inclusive sense of &#147;and/or&#148;. All references to any Law means such Law as amended from time to time and shall include any successor
legislation thereto and any rules and regulations promulgated therein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE II </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>TRANSFER OF SPOTIFY SECURITIES </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.01 <U>General Transfer Restrictions</U>. The right of the Investors and any of their respective controlled Affiliates to Transfer
any Spotify Securities they beneficially own is subject to the restrictions set forth in this <U>Article II</U>, and no Transfer of such Spotify Securities by the Investors or any of their respective controlled Affiliates may be effected except in
compliance with this <U>Article&nbsp;II</U>. Any attempted Transfer in violation of this Agreement shall be null and void <I>ab initio</I> and of no effect, regardless of whether the purported Transferee has any actual or constructive knowledge of
the Transfer restrictions set forth in this Agreement. Any purported Transfer in violation of this Agreement shall not be recorded (and the Company will instruct its transfer agent, registered office and other third parties not to record such
purported Transfer) in the shareholders&#146; register of the Company or result in the treatment of any purported Transferee of such Spotify Securities as the owner of such Spotify Securities for any purpose. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.02 <U>Restrictions on Transfer</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Restrictions During <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period</U>. During the period beginning on the date hereof and
ending on the earlier of (i)&nbsp;the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>) anniversary of the date hereof and (ii)&nbsp;the first date after the date hereof on which the number of Spotify Securities collectively
beneficially owned by a Strategic Investor and its Affiliates exceeds the number of Spotify Securities then collectively beneficially owned by the Investors and their respective controlled Affiliates (such period, the &#147;<U><FONT
STYLE="white-space:nowrap">Lock-Up</FONT> Period</U>&#148;), the Investors shall not, and the Investors shall cause their respective controlled Affiliates not to, Transfer any Spotify Securities beneficially owned by them, except: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) with the prior written consent of the Company (acting through its Board or a designated committee thereof); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) to a Permitted Transferee, subject to compliance with <U>Section&nbsp;2.03</U>; <U>provided</U>, that, (A)&nbsp;if such
Person ceases to be a Permitted Transferee during the <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period, then the applicable Investor shall cause, and shall cause its controlled Affiliates to cause, such Person to, and such Person shall,
Transfer such Spotify Securities back to such Investor or its controlled Affiliates or (B)&nbsp;if such Person ceases to be a Permitted Transferee after the expiration of the <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period and a Transfer of
Spotify Securities to such Person at that time would be prohibited by <U>Section&nbsp;2.02(b)</U>, then the applicable Investor shall cause, and shall cause its controlled Affiliates to cause, such Person to, and such Person shall, Transfer such
Spotify Securities back to such Investor or its controlled Affiliates; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) pursuant to (A)&nbsp;a tender offer or
exchange offer for at least a majority of the issued and outstanding Spotify Securities if the Board has affirmatively recommended to the holders of the issued and outstanding Spotify Securities that such holders tender their Spotify Securities into
such tender or exchange offer and if the Board has not publicly withdrawn or changed such recommendation or (B)&nbsp;a merger, consolidation or other business combination transaction which has been approved by the Board (each, a &#147;Qualified
Transfer&#148;); </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) to the Company or any of its Subsidiaries; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) to the extent necessary to avoid regulation as an &#147;investment company&#148; under the U.S. Investment Company Act of
1940, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of this <U>Section&nbsp;2.02(a)</U>, the number of Spotify Securities beneficially owned by the Investors and their
respective controlled Affiliates shall be determined without regard to the provisions set forth in <U>Section&nbsp;3.02</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)
Notwithstanding anything in this <U>Article II</U> to the contrary and irrespective of the expiration of the <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period, for so long as the Investors or any of their respective controlled Affiliates
beneficially own any Spotify Securities, the Investors shall not, and the Investors shall cause their respective controlled Affiliates not to, Transfer any Spotify Securities beneficially owned by them to (i)&nbsp;any Prohibited Person,
(ii)&nbsp;any Rights Holder or (iii)&nbsp;any Transferee if, after giving effect to the proposed Transfer, the proposed Transferee would beneficially own Spotify Securities representing, in the aggregate, five percent (5%) or more of the Total
Voting Power or five percent (5%) or more of the total issued and outstanding share capital of the Company; <U>provided</U>, that nothing in this <U>Section&nbsp;2.02(b)</U> (but without limiting any of the other provisions of this <U>Article
II</U>) shall prohibit any Transfer of Spotify Securities (w)&nbsp;to a Permitted Transferee, subject to compliance with <U>Section&nbsp;2.03</U>; <U>provided</U>, that if such Person ceases to be a Permitted Transferee and a Transfer of Spotify
Securities to such Person at that time would be prohibited by this <U>Section&nbsp;2.02(b)</U>, then the applicable Investor shall cause, and shall cause its controlled Affiliates to cause, such Person to, and such Person shall, Transfer such
Spotify Securities back to such Investor or its controlled Affiliates, (x)&nbsp;if such Transfer (and the Transferee in such Transfer) is consented to in writing by the Board or a designated committee thereof; (y)&nbsp;pursuant to a Qualified
Transfer; or (z)&nbsp;through open market brokerage transactions where the identity of the purchaser is unknown (and, for the avoidance of doubt, the Investors shall have no duty of inquiry in connection with such brokerage transactions) (such
transaction, a &#147;<U>Brokerage Transaction</U>&#148;); <U>provided</U>, <U>further</U>, that nothing in <U>Section&nbsp;2.02(b)(iii)</U> (but without limiting any of the other provisions of this Article II) shall prohibit any Transfer of Spotify
Securities to Daniel Ek, Martin Lorentzon or their respective controlled Affiliates (such transaction, a &#147;<U>Founder Transfer</U>&#148;). The Company shall provide in writing to TME Hong Kong upon TME Hong Kong&#146;s written request and, after
the completion of the Tencent Hong Kong Secondary Purchase, to Tencent Hong Kong upon Tencent Hong Kong&#146;s written request (which written request may be made by TME Hong Kong or Tencent Hong Kong, as applicable, no more frequently than once each
fiscal quarter), the aggregate number of Spotify Securities representing the Total Voting Power and the aggregate number of issued and outstanding shares of capital stock of the Company as of a recent date (without disclosing the identity of any
holder thereof), and the Investors shall be entitled to rely upon the most recently received such notice from the Company for all purposes of calculating the Total Voting Power and total issued and outstanding share capital of the Company under this
Agreement. For the purposes of ensuring that a proposed Transfer is not in violation of the restrictions in <U>Section&nbsp;2.02(b)(iii)</U>, the Investors shall be entitled to rely upon (1)&nbsp;reports of beneficial ownership of such </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Transferee that are publicly filed or available or (2)&nbsp;if such reports are not publicly filed or available, after due inquiry, the representation made by the relevant Transferee with respect
to the total number of votes and total number of outstanding shares of the Company owned by such Transferee before such proposed Transfer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Company may amend the Prohibited Person List following the date hereof to add or remove any Person to or from the Prohibited Person
List, each such amendment to be effective upon delivery of written notice thereof to the Investors; <U>provided</U> that (i)&nbsp;any Person so added to the Prohibited Person List must be a Person that, directly or indirectly, conducts a Competing
Business as determined in good faith by the Company, and (ii)&nbsp;the Company may not amend the Prohibited Person List more than once during any twelve (12)&nbsp;month period; provided, further, that any Institutional Fund which makes an investment
in any Person that, directly or indirectly, conducts a Competing Business shall not be a Prohibited Person and shall not be included in the Prohibited Person List. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding anything in this Agreement to the contrary, no Transfer of Spotify Securities otherwise permitted by this Agreement shall
be made unless such Transfer is in compliance with the Securities Act or any other applicable securities Laws of any foreign, federal, state, local or other jurisdiction (a &#147;<U>Foreign or State Act</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.03 <U>Joinder to Investor Agreement</U>. Each Investor shall (and shall cause its controlled Affiliates who beneficially own any
Spotify Securities to), prior to the Transfer of any Spotify Securities to any Permitted Transferee (other than in a Transfer that is a Qualified Transfer, a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such
Permitted Transferee to execute and deliver to the Company a joinder agreement in form and substance reasonably acceptable to the Company, pursuant to which such Permitted Transferee agrees to be bound by the provisions of this Agreement. Without
limiting the provisions in the immediately preceding sentence, (i)&nbsp;until the completion of the IPO of the Company, each Investor shall, prior to the Transfer of any Spotify Securities to any Transferee in accordance with the other provisions of
this <U>Article II</U> (other than in a Transfer that is a Transfer of any Spotify Securities to the Company, a Qualified Transfer, a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such Transferee to execute and
deliver to the Company a joinder agreement in form and substance reasonably acceptable to the Company, pursuant to which such Transferee agrees to be bound by this <U>Article II</U>, <U>Section&nbsp;3.02</U>, <U>Section&nbsp;4.01</U> and <U>Article
V</U>, and (ii)&nbsp;after the completion of the IPO of the Company, each Investor shall, prior to the Transfer of any Spotify Securities to any Transferee in accordance with the other provisions of this <U>Article II</U> (other than in a Transfer
that is a Transfer of any Spotify Securities to the Company, a Qualified Transfer, a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such Transferee to execute and deliver to the Company a joinder agreement in form and
substance reasonably acceptable to the Company, pursuant to which such Transferee agrees to be bound by this <U>Article II</U> (other than <U>Section&nbsp;2.02(a)</U> and <U>Section&nbsp;2.07</U>) and <U>Article V</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.04 <U>Notice of Transfer</U>. Prior to Transferring any Spotify Securities in accordance with the provisions set forth in this
<U>Article II</U> (other than in a Transfer that is a Transfer of any Spotify Securities to the Company, a Qualified Transfer, a Founder Transfer or, after the IPO of the Company, a Brokerage Transaction), an Investor or its controlled Affiliate, as
applicable, shall, no later than five (5)&nbsp;Business Days prior to the consummation of such Transfer, deliver a written notice thereof to the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.05 <U>Legends</U>. With respect to the Investors or any of their respective
controlled Affiliates who beneficially own any Spotify Securities, each certificate for Spotify Securities, if any, shall bear a legend or legends (and appropriate comparable notations or other arrangements will be made with respect to any
uncertificated shares in the shareholders&#146; register or other books and records of the Company) referencing restrictions on Transfer of such Spotify Securities under the Securities Act, any applicable Foreign or State Act and this Agreement,
which legend shall state in substance: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;THE SECURITIES EVIDENCED BY THIS CERTIFICATE MAY NOT BE OFFERED OR SOLD, TRANSFERRED,
PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF, EXCEPT IN COMPLIANCE WITH (I)&nbsp;THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND (II)&nbsp;ANY OTHER APPLICABLE SECURITIES LAWS OF ANY FOREIGN, FEDERAL, STATE, LOCAL OR OTHER JURISDICTION. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER SET FORTH IN THE INVESTOR AGREEMENT DATED AS OF
[&#9679;], 2017, BY AND AMONG THE COMPANY AND THE OTHER PARTIES THERETO (A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY).&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, the holder of any certificate(s) for Spotify Securities shall be entitled to receive from the Company new certificates for a
like number of Spotify Securities not bearing such legend (or the elimination or termination of such notations or arrangements) upon the request of such holder (i)&nbsp;at such time as such restrictions are no longer applicable and (ii)&nbsp;with
respect to the restriction on Transfer of such Spotify Securities under the Securities Act or any other applicable Foreign or State Act, at the reasonable request of the Company, upon the delivery to the Company of an opinion of counsel to such
holder, which opinion is reasonably satisfactory in form and substance to the Company and its counsel, that the restriction referenced in such legend (or such notations or arrangements) is no longer required in order to ensure compliance with the
Securities Act or any such other applicable Foreign or State Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.06 <U><FONT STYLE="white-space:nowrap">Lock-Up</FONT>
Agreements</U>. In connection with any underwritten public offering by the Company of any Spotify Securities pursuant to an effective registration statement pursuant to the Securities Act or a prospectus or equivalent disclosure document pursuant to
any Foreign and State Act (including in connection with an IPO of the Company), the Investors shall, and the Investors shall cause their respective controlled Affiliates that beneficially own any Spotify Securities to, enter into customary
agreements restricting the public sale or distribution of equity securities of the Company (including sales pursuant to Rule 144 under the Securities Act) if and to the extent required in writing by the lead managing underwriter(s) with respect to
such underwritten public offering; <U>provided</U>, <U>however</U>, that the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Investors and their respective controlled Affiliates shall not be required to enter into any such agreement covering a period that would end later than one hundred and eighty (180)&nbsp;days
after the date of the final prospectus relating to an IPO of the Company or ninety (90)&nbsp;days after the date of the final prospectus relating to any such underwritten public offering other than an IPO of the Company; <U>provided</U>,
<U>further</U>, that notwithstanding the foregoing any restrictions in such agreement shall not apply to Transfers to Permitted Transferees (subject to compliance with <U>Section&nbsp;2.03</U>). The foregoing provisions of this
<U>Section&nbsp;2.06</U> shall be applicable to the Investors only if (i)&nbsp;in the case of an IPO of the Company, all officers and directors of the Company and all shareholders owning, in the aggregate, more than fifty percent (50%) of the Total
Voting Power or fifty percent (50%) of the total issued and outstanding share capital of the Company are subject to the same restrictions, or (ii)&nbsp;in the case of any underwriting public offering of the Company other than an IPO, all officers
and directors of the Company are subject to the same restrictions.<B> </B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.07 <U>Drag-Along Right</U>. Notwithstanding anything
contained in this <U>Article II</U> to the contrary, at any time prior to an IPO of the Company, if (i)&nbsp;a <I>bona fide</I> firm offer has been made by an unaffiliated third party to acquire at least
<FONT STYLE="white-space:nowrap">sixty-six</FONT> percent (66%) of the Spotify Securities, on a fully diluted basis (which, for purposes of this <U>Section&nbsp;2.07</U>, means the number of Spotify Shares issued and outstanding, together with the
number of Spotify Shares issuable upon the exercise, conversion or exchange into Spotify Shares of all issued and outstanding Spotify Securities (excluding the Spotify <FONT STYLE="white-space:nowrap">Top-Up</FONT> Options, the Convertible Notes and
any Beneficiary Certificates) (such acquisition, a &#147;<U>Drag Transaction</U> &#148;) and (ii)&nbsp;the holders of Spotify Securities (the &#147;<U>Transferring Holders</U>&#148;) that (A)&nbsp;together beneficially own at least <FONT
STYLE="white-space:nowrap">sixty-six</FONT> percent (66%) of the outstanding Spotify Shares and (B)&nbsp;include at least one (1)&nbsp;of the Founders (the &#147;<U>Transferring Founder(s)</U>&#148;) accept such offer, the Transferring Founder(s)
shall have the right, on behalf of the Transferring Holders, to require the Investors and their respective controlled Affiliates who beneficially own any Spotify Securities (the &#147;<U>Drag-Along Parties</U>&#148;) to Transfer all or a portion of
their respective Spotify Securities to the third party Transferee in such Drag Transaction, all in accordance with the following provisions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Transferring Founder(s) shall, on behalf of the Transferring Holders, notify the Investors in writing of the proposed Drag Transaction
no later than forty-five (45)&nbsp;days prior to the completion of the proposed Drag Transaction (the &#147;<U>Drag-Along Notice</U>&#148;). The Drag-Along Notice shall specify whether the Transferring Holders wish to exercise their drag-along
rights pursuant to this <U>Section&nbsp;2.07</U> and set forth the identity of the proposed third party Transferee, the number of Spotify Securities to be Transferred, the price per Spotify Security and the other terms and conditions for the Drag
Transaction. The Drag-Along Notice shall be sent by the Transferring Founder(s) on behalf of the Transferring Holders and shall also identify one Transferring Holder to whom the Investors shall send notices or other communications. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If required by the Transferring Founder(s) on behalf of the Transferring Holders in the Drag-Along Notice, the Drag-Along Parties shall be
obligated to Transfer Spotify Securities to the third party Transferee in such Drag Transaction on the same terms and conditions (including at the same price (subject to adjustments to take into account the value of the Spotify <FONT
STYLE="white-space:nowrap">Top-Up</FONT> Options)) as the Transferring Holders. The Transferred Spotify Securities (being the Spotify Securities that the third party has offered to acquire) shall be allocated </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">among the Transferring Holders and such Drag-Along Parties on a <I>pro rata</I> basis, calculated as the
total number of Spotify Securities beneficially owned by the Drag-Along Parties in relation to the total number of Spotify Securities beneficially owned by all Transferring Holders and the Drag-Along Parties, all on a fully diluted basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If a Drag Transaction occurs pursuant to which the Drag-Along Parties are obligated to Transfer Spotify Securities as provided for in this
<U>Section&nbsp;2.07</U> in exchange for securities other than cash and/or marketable securities (&#147;<U><FONT STYLE="white-space:nowrap">non-marketable</FONT> securities</U>&#148;), the Transferring Founder(s) and the Investors shall cooperate in
good faith to procure that the issuer of such <FONT STYLE="white-space:nowrap">non-marketable</FONT> securities replicates the economic rights and other rights and priorities of the Drag-Along Parties immediately prior to such Transfer in its own
capital structure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) For the purposes of this <U>Section&nbsp;2.07</U>, (i) DGE Investments shall not be deemed a Founder should a
majority of the outstanding shares of DGE Investments no longer be ultimately held by Daniel Ek and (ii)&nbsp;Rosello shall not be deemed a Founder should a majority of the outstanding shares of Rosello no longer be ultimately held by Martin
Lorentzon. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.08 <U>Delay of Transfer</U>. The Company shall not incur any liability to the Investors, any of their respective
controlled Affiliates or any other Person for any delay in recognizing any Transfer of Spotify Securities if the Company in good faith reasonably determines that such Transfer may have been or would be in violation in any material respect of the
provisions of the Securities Act, any applicable Foreign or State Act or this Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE III </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>STANDSTILL; VOTING </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.01 <U>Standstill Covenant</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except in connection with the consummation of the transactions contemplated by the Subscription Agreement, during the period beginning on
the date hereof and ending on the earlier of (i)&nbsp;the fifth (5<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>) anniversary of the date hereof and (ii)&nbsp;the first date after the date hereof on which the number of Spotify Securities
collectively beneficially owned by a Strategic Investor and its Affiliates exceeds the number of Spotify Securities then collectively beneficially owned by the Investors and their respective controlled Affiliates (such period, the
&#147;<U>Standstill Period</U>&#148;), none of the Tencent Parties shall, and each of the Tencent Parties shall cause its controlled Affiliates and its controlled Affiliates&#146; Representatives (and with respect to such Representatives that are
not directors, officers, managers or employees of such Tencent Party or any of its controlled Affiliates, only to the extent such Representatives are acting on behalf, or at the behest, of such Tencent Party or any of its controlled Affiliates) not
to, directly or indirectly or alone or in concert with any other Person, unless invited to do so by the Board or with the prior written consent of the Company: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) acquire, offer or propose to acquire, or agree to acquire, by purchase or otherwise (other than as a result of a stock
dividend, capitalization of profits, stock split </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">
or subdivision of any Spotify Securities beneficially owned by the Tencent Parties and their respective controlled Affiliates)&nbsp;(A) any economic interest in, or any direct or indirect right
to direct the voting or disposition of, any Spotify Securities or other securities (including any Derivative Securities) of the Company, whether or not any of the foregoing would give rise to beneficial ownership and, in each case, whether or not
any of the foregoing is acquired or otherwise obtained by means of borrowing of securities or operation of any Derivative Security or (B)&nbsp;except in the ordinary course of business, any consolidated assets or indebtedness of the Company; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) enter into, agree, offer, or propose to enter into (whether publicly or otherwise), effect, engage in, or participate in,
any acquisition transaction, merger or other business combination, recapitalization, restructuring, liquidation, dissolution, share exchange, sale, disposition, purchase, acquisition or other extraordinary transaction relating to the Company or a
transaction for all or a substantial portion of the consolidated assets of the Company or any of its businesses; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii)
make, or in any way participate in, any &#147;solicitation&#148; of &#147;proxies&#148; (as such terms are defined in Rule <FONT STYLE="white-space:nowrap">14a-1</FONT> under the Exchange Act, disregarding clause (iv)&nbsp;of Rule <FONT
STYLE="white-space:nowrap">14a-1(1)(2)</FONT> under the Exchange Act and including any otherwise exempt solicitation pursuant to Rule <FONT STYLE="white-space:nowrap">14a-2(b)</FONT> under the Exchange Act) to vote, or seek or propose to advise,
influence or encourage any Person with respect to the voting of, any Spotify Securities on any matter, or demand a copy of the Company&#146;s shareholders&#146; register or other books and records; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) initiate, induce or attempt to induce, cooperate or collaborate with, any other Person in connection with any shareholder
proposal or withhold vote campaigns or any tender or exchange offer for equity securities of the Company, any change of control of the Company or the convening of a meeting of the Company&#146;s shareholders; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) except as contemplated under <U>Section&nbsp;3.02</U>, form, join or in any way participate in a &#147;group&#148; (within
the meaning of Section&nbsp;13(d)(3) of the Exchange Act) with respect to any Spotify Securities or in connection with (or otherwise act in concert with any Person in connection with) the matters that are the subject of this <U>Section&nbsp;3.01</U>
with any Person (other than the other Tencent Parties and their respective controlled Affiliates); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) seek or propose to
influence, advise, change or control the management, Board, governing instruments or policies, affairs or strategies of the Company; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vii) bring any action or otherwise act to contest the validity of this <U>Section&nbsp;3.01</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(viii) advise, knowingly assist, knowingly encourage or knowingly act as a financing source for or otherwise invest in any
Person in connection with, or enter into any discussions, negotiations, arrangements or understandings with any Person with respect to, any of the foregoing clauses (i)&nbsp;through (vii) of this <U>Section&nbsp;3.01(a)</U> or propose any of such
activities to any Person; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ix) publicly request or otherwise publicly seek to amend or waive any
provision of this <U>Section&nbsp;3.01</U>, <U>provided</U>, that the Tencent Parties and their respective controlled Affiliates may make such request or proposal privately to the Board (which request or proposal the Board can accept or reject in
its sole discretion) that is made in a manner that is not intended to and would not reasonably be likely to result in the Company being required to make any public disclosure or other public announcement related to such request or proposal; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(x) make any statement or publicly disclose any intention, plan, arrangement or other contract that is prohibited by, or
inconsistent with, any of the foregoing; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>provided</U>, <U>however</U>, that (A)&nbsp;any Transfer of Spotify Securities shall not constitute a breach
of this <U>Section&nbsp;3.01(a)</U> so long as the Tencent Parties and their respective controlled Affiliates comply with <U>Article II </U>(if applicable); and (B)&nbsp;if the Spotify Securities beneficially owned by the Tencent Parties and their
respective controlled Affiliates collectively represent less than ten percent (10%) of the then Fully Diluted share capital of the Company, an acquisition by any Tencent Party or its controlled Affiliates during the Standstill Period of up to that
number of additional Spotify Securities that, together with the Spotify Securities beneficially owned collectively by the Tencent Parties and their respective controlled Affiliates immediately prior to such acquisition, would not collectively
represent more than ten percent (10%) of the then Fully Diluted share capital of the Company (the &#147;<U>Standstill Cap</U>&#148;) shall not constitute a breach of this <U>Section&nbsp;3.01(a)</U>. The Company shall provide in writing to TME Hong
Kong upon TME Hong Kong&#146;s written request and, after the completion of the Tencent Hong Kong Secondary Purchase, to Tencent Hong Kong upon Tencent Hong Kong&#146;s written request (which written request may be made by TME Hong Kong or Tencent
Hong Kong, as applicable, no more frequently than once each fiscal quarter), the total number of Spotify Securities representing the Fully Diluted share capital as of a recent date (without disclosing the identity of any holders of Spotify
Securities), and the Tencent Parties shall be entitled to rely upon the most recently received such notice from the Company for all purposes of the preceding proviso. For the avoidance of doubt, if the Spotify Securities beneficially owned by the
Tencent Parties and their respective controlled Affiliates exceed the Standstill Cap due to the decrease in the total number of Spotify Securities as a result of any share repurchase, share buyback or share redemption by the Company, the Tencent
Parties and their respective controlled Affiliates are not required to reduce their beneficial ownership of Spotify Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of this
<U>Section&nbsp;3.01(a)</U>, the number of Spotify Securities beneficially owned by the Tencent Parties and their respective controlled Affiliates shall be determined without regard to the provisions set forth in <U>Section&nbsp;3.02</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Nothing contained in this <U>Section&nbsp;3.01</U> shall restrict the right of the Tencent Parties, their respective controlled Affiliates
or any other Person (i)&nbsp;to make or continue to hold <I>bona fide</I> investments in any Eligible Fund that holds or acquires any Spotify Securities or other securities (including any Derivative Securities) of the Company or otherwise engages in
any of the activities otherwise restricted by this <U>Section&nbsp;3.01</U>, so long as the investment in such Eligible Fund is made and held by such Person for investment purposes only and is not made or held for the purpose of engaging in or
facilitating, or for the purpose of assisting or encouraging the Person(s) controlling such Eligible Fund to engage in or facilitate, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
any of the activities restricted by this <U>Section&nbsp;3.01</U> in any manner with respect to the Company or (ii)&nbsp;to acquire any Spotify Securities or other securities (including any
Derivative Securities) of the Company pursuant to a <I>bona fide</I> <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">distribution-in-kind</FONT></FONT> by any Eligible Fund to all of its investors (including the Tencent Parties,
their respective controlled Affiliates or such other Person) on a <I>pro rata</I> basis. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.02 <U>Voting Agreement</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except as expressly provided for herein, the Investors hereby agree on behalf of themselves and on behalf of their respective controlled
Affiliates that beneficially own any Spotify Securities that DGE Investments shall have the sole and exclusive right to vote, in its sole and absolute discretion, any Spotify Securities beneficially owned by the Investors and any of their respective
controlled Affiliates on all proposals, resolutions and other matters for which a vote, consent or other approval (including by written consent) of the holders of Spotify Securities is sought or upon which such holders are otherwise entitled to vote
or consent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Investors hereby agree on behalf of themselves and on behalf of their respective controlled Affiliates that
beneficially own any Spotify Securities that, unless DGE Investments provides explicit written instructions to vote the Spotify Securities beneficially owned by the Investors or any of their respective controlled Affiliates or DGE Investments
provides explicit written notice that the Investors and their respective controlled Affiliates shall be permitted to vote their Spotify Securities in their respective sole discretion without regard to any instructions of DGE Investments, the
Investors shall not, and the Investors shall cause their respective controlled Affiliates not to, vote, or cause to be voted, or vote, consent or approve in any other circumstances, in which such vote, consent or other approval (including a written
consent) is sought from the holders of Spotify Securities, any of the Spotify Securities beneficially owned by them (in person, by proxy or action by written consent). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Investors, on behalf of themselves and on behalf of their respective controlled Affiliates that beneficially own any Spotify
Securities, hereby irrevocably appoint DGE Investments their true and lawful proxy and attorney with the power to act alone and with full power of substitution and <FONT STYLE="white-space:nowrap">re-substitution,</FONT> to vote or act by written
consent with respect to all Spotify Securities beneficially owned by them in accordance with this <U>Section&nbsp;3.02</U> and to execute all appropriate instruments consistent with this Agreement on behalf of the Investors and their respective
controlled Affiliates. The proxy and power granted by the Investors and their respective controlled Affiliates are irrevocable and coupled with an interest and are given to secure the performance of their obligations under this
<U>Section&nbsp;3.02</U>. DGE Investments shall not be liable for any error of judgment nor for any act done or omitted, nor for any mistake of fact or law nor for anything which DGE Investments may do or refrain from doing in good faith, nor shall
DGE Investments have any accountability hereunder, except for its own bad faith, gross negligence or willful misconduct. If and to the extent reasonably requested by DGE Investments, the Investors shall issue a separate power of attorney in the name
of DGE Investments or any director, officer or internal or external legal counsel of DGE Investments, or any other representative acting on behalf of and in accordance with the instructions of DGE Investments, in each case duly appointed and
authorized to exercise the rights assigned to DGE Investments under this <U>Section&nbsp;3.02</U>, to govern the exercise of rights assigned to DGE Investments under this <U>Section&nbsp;3.02</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The provisions of this <U>Section&nbsp;3.02</U> shall terminate upon the earliest to
occur of: (i)&nbsp;the mutual written agreement of the Company, TME and DGE Investments, (ii)&nbsp;the time at which (A)&nbsp;Daniel Ek ceases to be chief executive officer of the Company and (B)&nbsp;a majority of the outstanding shares of DGE
Investments are no longer ultimately held by Daniel Ek and (iii)&nbsp;the tenth (10<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>) anniversary of the date of this Agreement. In case of termination of DGE Investments&#146; rights in
accordance with item (ii)&nbsp;above, the rights under this <U>Section&nbsp;3.02</U> shall instead transfer to Rosello and apply <I>mutatis mutandis;</I> <U>provided</U>, that, in such case, (x)&nbsp;all references to &#147;DGE Investments&#148;
shall be replaced with references to &#147;Rosello&#148;, (y) clause (ii)&nbsp;in the first sentence of this <U><BR>Section&nbsp;3.02(d)</U> shall be replaced by &#147;the time at which (A)&nbsp;Martin Lorentzon ceases to be a director of the Board
and (B)&nbsp;a majority of the outstanding shares of Rosello are no longer ultimately held by Martin Lorentzon&#148;, and (z)&nbsp;the period set forth in clause (iii)&nbsp;above shall not be extended as a result of such transfer of rights from DGE
Investments to Rosello. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE IV </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>CERTAIN GOVERNANCE MATTERS</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.01 <U>Information Rights</U>. Prior to the completion of the IPO of the Company, upon written request of the Investors, the Company
shall, subject to <U>Section&nbsp;5.01</U>, deliver to the Investors the information set forth below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) annual audited consolidated
financial statements of the Spotify Company Group within one hundred and forty-five (145)&nbsp;days after the end of each fiscal year, audited by an internationally reputable accounting firm approved by the Board; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) quarterly unaudited consolidated financial statements of the Spotify Company Group within thirty (30)&nbsp;days after the end of each
quarter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.02 <U>Potential Business Opportunities</U>. To the fullest extent permitted by applicable Law, (i)&nbsp;the Tencent
Parties, their respective controlled Affiliates and their respective managers, directors, officers, employees and/or other representatives (each of the foregoing Persons (other than the Tencent Parties and their respective controlled Affiliates), an
&#147;<U>Identified Person</U>&#148;) shall have the right to, and shall have no duty (contractual or otherwise) to, directly or indirectly, engage in the same or similar business activities or lines of business as the Company or any of its
Subsidiaries, on their own account, or in partnership with, or as a manager, director, officer, employee or shareholder of any other Person, including those lines of business deemed to be competing with the Company or any of its Subsidiaries,
(ii)&nbsp;the Company, on behalf of itself, its Subsidiaries and its and their respective shareholders, hereby renounces any interest or expectancy of the Company and its Subsidiaries in, or in being offered an opportunity to participate in, any
business opportunity that may from time to time be presented to the Tencent Parties, their respective controlled Affiliates or any Identified Person, even if the opportunity is one that the Company or its Subsidiaries might reasonably be deemed to
have pursued or had the ability or desire to pursue if granted the opportunity to do so (a &#147;<U>Potential</U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
<U>Business Opportunity</U>&#148;), and none of the Company or its shareholders or any of its Subsidiaries or their shareholders shall have any rights in and to any Potential Business Opportunity
of the Tencent Parties, their respective controlled Affiliates or any Identified Persons or the income or profits derived therefrom, (iii)&nbsp;the Tencent Parties, their respective controlled Affiliates and the Identified Persons may do business
with any potential artist, subscriber, music label or other business relationships of the Company or any of its Subsidiaries and (iv)&nbsp;neither the Tencent Parties, their respective controlled Affiliates nor any Identified Person shall have any
duty to communicate or offer any Potential Business Opportunity to the Company or any of its Subsidiaries or shall be liable to the Company or any of its Subsidiaries or any of their respective members, partners, shareholders or other equity holders
for breach of any duty (fiduciary, contractual or otherwise) by reason of the fact that the Tencent Parties, their respective controlled Affiliates or such Identified Person pursue or acquire such Potential Business Opportunity, direct such business
opportunity to another Person or fail to present such business opportunity, or information regarding such business opportunity, to the Company or its Subsidiaries, unless, in each case of clauses (ii)&nbsp;and (iv), the Tencent Parties, their
respective controlled Affiliates or such Identified Person first learn about such Potential Business Opportunity in any Confidential Information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.03 <U>Anti-Bribery Covenants</U>. The Company hereby agrees that it shall not, and shall use reasonable good faith efforts to cause
its controlled Affiliates and its and its controlled Affiliates&#146; officers, directors, employees, agents, and other persons acting for or on behalf of the Company or its controlled Affiliates not to, (i)&nbsp;offer, pay, promise to pay, or
authorize the payment of any money, or offer, give, promise to give, or authorize the giving of anything of value, to any Government Official or to any Person in violation of applicable Anticorruption Laws; (ii)&nbsp;use any corporate funds or
assets for unlawful contributions, gifts, entertainment, expenses or other unlawful conduct relating to political activity; (iii)&nbsp;make, offer, promise, authorize, solicit or receive any bribe, rebate, payoff, influence payment, kickback or
other similar improper payment, whether directly or indirectly, to or from any private commercial entity for the purpose of gaining an improper business advantage in violation of applicable Anticorruption Laws; or (iv)&nbsp;take any action that
would constitute a violation of, or cause the Company to be in violation of, or fail to take any action in violation of, any applicable Anticorruption Laws, in each of cases (i)&nbsp;through (iv), which conduct would reasonably be expected,
individually or in the aggregate, to be material to the Spotify Group Companies, taken as a whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.04 <U>Sanctions
Covenant</U>. The Company agrees that it shall not, shall cause its controlled Affiliates not to, and instruct any of its or their respective officers, directors, employees, and agents not to, use or cause to be used any funds of the Company for the
purpose of funding, financing or facilitating any unlawful activities, business or transaction of or with (i)&nbsp;any OFAC Sanctioned Person, (ii)&nbsp;a Person that is subject to any sanctions of the European Union, the PRC or the Cayman Islands
by Order of Her Majesty in Council or (iii)&nbsp;otherwise operate in any manner that would cause the Company or any of its Subsidiaries to be in violation of OFAC Sanctions or any sanctions of the European Union, the PRC or the Cayman Islands. </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE V </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>GENERAL PROVISIONS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.01 <U>Confidentiality</U>. During the period beginning on the date hereof and ending on the second (2<SUP
STYLE="font-size:85%; vertical-align:top">nd</SUP>) anniversary of the termination of this Agreement, each Investor shall, and each Investor shall cause its controlled Affiliates to, keep all Confidential Information strictly confidential and not
disclose any Confidential Information, in whole or in part, in any manner whatsoever; <U>provided</U> that, notwithstanding anything to the contrary in this Agreement, Confidential Information may be disclosed by the Investors and their respective
controlled Affiliates (i)&nbsp;to their respective Representatives and Affiliates, in each case, to the extent such Representative or Affiliate needs to be provided such Confidential Information to assist the Investors and their respective
controlled Affiliates in evaluating or reviewing their investment in the Company (<U>provided</U>, that (A)&nbsp;such Representative or Affiliate is subject to an obligation to keep such information confidential on terms at least as favorable to the
Company as this <U>Section&nbsp;5.01</U> and (B)&nbsp;the Investors and their respective controlled Affiliates shall be responsible for any breach of this <U>Section&nbsp;5.01</U> by any of their respective Representatives or Affiliates), (ii) at
any time following the expiration of the <FONT STYLE="white-space:nowrap">Lock-Up</FONT> Period, to a prospective Transferee who is subject to an obligation to keep such information confidential on terms at least as favorable to the Company as this
<U>Section&nbsp;5.01</U> (<U>provided</U>, that the Investors and their respective controlled Affiliates shall be responsible for any breach of this <U>Section&nbsp;5.01</U> by such prospective Transferee) and (iii)&nbsp;if any of the Investors or
any of their respective controlled Affiliates, as applicable, has received advice from its outside counsel that it is legally required to make such disclosure to comply with applicable Law; <U>provided</U>, that prior to making such disclosure
pursuant to this clause (iii), such Person shall, to the extent legally permissible, promptly notify the Company of such request or requirement and use its reasonable best efforts to preserve the confidentiality of the Confidential Information,
including consulting with the Company regarding such disclosure and, if reasonably requested by the Company, assist the Company, at the Company&#146;s sole cost and expense, in seeking a protective order to prevent the requested disclosure; and
<U>provided</U>, <U>further</U>, that such Person may disclose only that portion of the Confidential Information that is, based on the advice of its outside counsel, legally required or requested to be disclosed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.02 <U>Amendment</U>. This Agreement may be amended, modified or supplemented only by an agreement in writing executed by all of the
parties hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.03 <U>Notices</U>. Unless otherwise provided herein, all notices and other communications hereunder shall be in
the English language and writing and shall be deemed given and received if transmitted by electronic mail (with confirmation of receipt by the recipient, which confirmation shall be promptly delivered by the recipient if so requested by the sender
in the applicable notice or other communication), on the Business Day after the date on which such notice is sent to the parties hereto at the following addresses (or at such other address for a party hereto as shall be specified by like notice):
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If to the Company, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Spotify AB </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">attn. Corporate
Legal </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Birger Jarlsgatan 61 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">113 56 Stockholm </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Sweden </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">with a copy (which copy alone shall not constitute notice) to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Simpson Thacher&nbsp;&amp; Bartlett LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">425 Lexington Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">New York,
New York 10017 </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Alan M. Klein </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Sebastian Tiller </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">E-mail:</FONT></TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If to DGE Investments, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Arch. Makariou&nbsp;&amp; Kalograion Corner 4 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Nicolaides Sea View City, 9<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Offices <FONT STYLE="white-space:nowrap">903-904,</FONT> Block <FONT STYLE="white-space:nowrap">A-B</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">6016 Larnaca </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Cyprus </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Olga Mavrou </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">E-mail:</FONT></TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If to Rosello, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">22 Stasikratous Street </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Office
104 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">1065 Nicosia </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Cyprus
</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">P&auml;r Ceder </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">E-mail:</FONT></TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) If to Tencent or Tencent Hong Kong, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">c/o Tencent Holdings Limited </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Level&nbsp;29, Three Pacific Place </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">1 Queen&#146;s Road East </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Wanchai, Hong Kong </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Compliance and Transactions Department </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Email:</TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">with a copy (which copy alone shall not constitute notice) to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Tencent Building, Keji Zhongyi Avenue </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Hi-tech</FONT> Park, Nanshan District </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Shenzhen 518057, PRC </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Mergers and Acquisitions Department </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Email:</TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Davis Polk&nbsp;&amp; Wardwell </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Hong Kong Club Building </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">3A
Chater Road, 18/F </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Hong Kong </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Miranda So </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">E-mail:</FONT></TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) If to TME or TME Hong Kong, to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Tencent Music Entertainment Group </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">7F, China Technology Trade Center </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">NO.66 North 4th Ring West Road </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Hai Dian District, Beijing </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">P.R.China 100080 </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Hsiang Zhao </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">E-mail:</FONT></TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">with a copy (which copy alone shall not constitute notice) to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Davis Polk&nbsp;&amp; Wardwell </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Hong Kong Club Building </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">3A
Chater Road, 18/F </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Hong Kong </P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top">Miranda So </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="top" ALIGN="left"><FONT STYLE="white-space:nowrap">E-mail:</FONT></TD>
<TD ALIGN="left" VALIGN="top"> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.04 <U>Waivers</U>. Any party hereto may waive in whole or in part any benefit or
right provided to it under this Agreement, such waiver being effective only if contained in a writing executed by the waiving party. The failure of a party hereto at any time or times to require performance of any provision hereof shall in no manner
affect its right at a later time to enforce the same. No waiver by a party hereto of any condition or of any breach of any term or covenant contained in this Agreement shall be effective unless in writing, and no waiver in any one or more instances
shall be deemed to be a further or continuing waiver of any such condition or breach in other instances or a waiver of any other condition or breach of any other term or covenant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.05 <U>Successors and Assignment</U>. Except as expressly provided in
<U>Section&nbsp;2.03</U>, neither this Agreement, nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto, in whole or in part (whether by operation of law or otherwise), without the prior written
consent of the other parties hereto, and any attempt to make any such assignment without such consent shall be null and void. Subject to the immediately preceding sentence, this Agreement will be binding upon, inure to the benefit of and be
enforceable by, the parties hereto and their respective permitted successors and assigns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.06 <U>No Third-Party
Beneficiaries</U>. This Agreement is solely for the benefit of the parties to this Agreement and no provision of this Agreement shall be deemed to confer upon any other Person any remedy, claim, liability, reimbursement, cause of action or other
right. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.07 <U>Severability</U>. If any provision of this Agreement shall be held invalid, illegal or unenforceable, the
validity, legality or enforceability of the other provisions hereof shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar as possible to the provision at
issue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.08 <U>Entire Understanding</U>. This Agreement, together with the Subscription Agreement, sets forth the sole and entire
agreement and understanding of the Main Parties hereto with respect to the transactions contemplated hereby and all inducements to the making of this Agreement relied upon by the Main Parties hereto and supersedes any and all prior representations,
warranties, agreements, arrangements and understandings, both written and oral, among the Main Parties hereto relating to the subject matter hereof (including that certain <FONT STYLE="white-space:nowrap">non-binding</FONT> term sheet, dated
August&nbsp;21, 2017, by and among the Main Parties hereto). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.09 <U>Governing Documents; Other Shareholder Agreements</U>. The
Main Parties hereto hereby acknowledge that the Investors and their respective controlled Affiliates may, in respect of the Spotify Securities they beneficially own, be or become party or subject to other Governing Documents of the Company, and the
Investors shall, and the Investors shall cause their respective controlled Affiliates to, comply with the provisions of this Agreement (it being understood that the exercise by the Investors or any of their respective controlled Affiliates of any
rights under such other Governing Documents shall at all times be subject to compliance with the provisions set forth herein). The Company shall not adopt or enter into any Governing Document with any Person with respect to, directly or indirectly,
any Spotify Securities which would prevent the Company from complying with the provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.10 <U>Governing
Law</U>. Except to the extent that mandatory provisions of the Laws of Luxembourg are applicable, this Agreement and its enforcement, and any controversy arising out of or relating to the making or performance of this Agreement, shall be governed by
and construed in accordance with the law of the State of New York, without regard to New York&#146;s principles of conflicts of law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.11 <U>Arbitration</U>. All disputes, controversies or claims arising out of or in connection with this Agreement and any and all
claims arising out of or in connection with it, including any extra-contractual claims shall be resolved by final and binding arbitration in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
accordance with the Rules of Arbitration of the International Chamber of Commerce (the &#147;<U>ICC</U>&#148;) by three (3)&nbsp;arbitrators appointed in accordance with the Rules of Arbitration
of the ICC. The claimant(s) shall nominate one (1)&nbsp;arbitrator in the request for arbitration. The respondent(s) shall nominate one (1)&nbsp;arbitrator in the answer to the request. The two (2)&nbsp;arbitrators nominated by the claimant and the
respondent may be nationals of any country. The two (2)&nbsp;party-nominated arbitrators shall then attempt to agree, in consultation with the claimant(s) and the respondent(s), upon the nomination of a third (3<SUP
STYLE="font-size:85%; vertical-align:top">rd</SUP>) arbitrator to act as president of the tribunal. If the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>) arbitrator has not been nominated within thirty (30)&nbsp;days of the date of
the appointment of the second (2<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP>) arbitrator, the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>) arbitrator shall be nominated by the ICC International Court of Arbitration.
The third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>) arbitrator and president of the tribunal shall not be a national of the PRC or Sweden. The place of arbitration shall be Wilmington, Delaware, United States of America. The
language of the arbitration shall be English. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.12 <U>Counterparts</U>. This Agreement may be executed (including by <FONT
STYLE="white-space:nowrap">e-mail</FONT> delivery of a portable document format (&#147;.pdf&#148;) file) in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same original instrument.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.13 <U>Specific Performance</U>. The parties hereto hereby recognize, acknowledge and agree that the breach or violation of this
Agreement by a party hereto would cause irreparable damage to the other parties hereto and that none of the parties hereto has an adequate remedy at Law. Each party hereto shall therefore be entitled, in addition to any other remedies that may be
available, to obtain specific performance of the terms of this Agreement, and appropriate injunctive relief may be applied for and granted in connection therewith. Any party hereto seeking an order or injunction to prevent breaches of this Agreement
or to enforce specifically the terms and provisions hereof shall not be required to provide, furnish or post any bond or other security in connection with or as a condition to obtaining any such order or injunction, and each party hereto hereby
irrevocably waives any right it may have to require the provision, furnishing or posting of any such bond or other security. If any action is brought by any party hereto to enforce this Agreement, the other parties hereto shall waive the defense
that there is an adequate remedy at Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.14 <U>Termination</U>. Except for <U>Section&nbsp;2.02(a)</U>,
<U>Section&nbsp;3.01</U> and <U>Section&nbsp;3.02</U> (which shall expire in accordance with their respective terms), this Agreement shall terminate and be of no further force and effect as to any Tencent Party and its controlled Affiliates upon the
earlier to occur of (i)&nbsp;the mutual written agreement of such Tencent Party and the Company and (ii)&nbsp;the date on which such Tencent Party and its controlled Affiliates, taken together, no longer beneficially own any Spotify Securities,
except that, in each case, the provisions set forth in this <U>Article V</U> shall survive the termination of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION
5.15 <U>Other Agreements</U>. The Tencent Parties shall not, and the Tencent Parties shall cause their controlled Affiliates not to, enter into any agreement of any kind with any Person with respect to, directly or indirectly, any Spotify Securities
which is inconsistent with the provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.16 <U>Representations</U>. Tencent hereby represents as of the
date hereof that Tencent Hong Kong is, and as of the consummation of the Tencent Hong Kong </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Secondary Purchase will be, a wholly owned Subsidiary of Tencent, and no Person other than Tencent owns as of the date hereof, and will own as of the consummation of the Tencent Hong Kong
Secondary Purchase, any capital stock of Tencent Hong Kong. Tencent Hong Kong hereby agrees that no Person other than Tencent Hong Kong shall purchase and acquire any Spotify Shares pursuant to the Tencent Hong Kong Secondary Purchase.<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I></I>[<I>The remainder of this page is intentionally left blank.</I>]<I> </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF,</B> each of the following parties hereto has caused this Agreement to
be duly executed and delivered in its name and on its behalf, all as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TENCENT MUSIC ENTERTAINMENT GROUP</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TENCENT MUSIC ENTERTAINMENT HONG KONG LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TENCENT HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR></TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>IMAGE FRAME INVESTMENT (HK) LIMITED</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="right">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Title:</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Solely with respect to solely with respect to</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;1.02</U>, <U>Section&nbsp;2.07</U>,
<U>Section&nbsp;3.02</U>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;5.02</U>, <U>Section&nbsp;5.03</U>,
<U>Section&nbsp;5.04</U>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;5.05</U>, <U>Section&nbsp;5.06</U>,
<U>Section&nbsp;5.07</U>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;5.10</U>, <U>Section&nbsp;5.11</U>,
<U>Section&nbsp;5.12</U>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;5.13</U>&nbsp;and <U>Section&nbsp;5.14</U>:</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>D.G.E. INVESTMENTS LTD</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Title:</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Solely with respect to solely with respect to</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;1.02</U>, <U>Section&nbsp;2.07</U>,
<U>Section&nbsp;3.02</U>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;5.02</U>, <U>Section&nbsp;5.03</U>,
<U>Section&nbsp;5.04</U>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;5.05</U>, <U>Section&nbsp;5.06</U>,
<U>Section&nbsp;5.07</U>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;5.10</U>, <U>Section&nbsp;5.11</U>,
<U>Section&nbsp;5.12</U>,</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Section&nbsp;5.13</U>&nbsp;and <U>Section&nbsp;5.14</U>:</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>ROSELLO COMPANY LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule I </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule II </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule III </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit C </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[See Attached] </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit C </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE COMPANIES LAW (AS AMENDED) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMPANY LIMITED BY SHARES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THIRD AMENDED AND RESTATED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MEMORANDUM AND ARTICLES OF ASSOCIATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC
ENTERTAINMENT GROUP


<IMG SRC="g4942941.jpg" ALT="LOGO">
 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(AMENDED AND RESTATED BY SPECIAL RESOLUTION DATED
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017) </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE COMPANIES LAW (AS AMENDED) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMPANY LIMITED BY SHARES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THIRD AMENDED AND RESTATED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MEMORANDUM OF ASSOCIATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC ENTERTAINMENT GROUP


<IMG SRC="g4942942_1.jpg" ALT="LOGO">
 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(AMENDED AND RESTATED BY SPECIAL RESOLUTION DATED
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The name of the company is Tencent Music Entertainment Group


<IMG SRC="g4942942_2.jpg" ALT="LOGO">
 (the &#147;<B>Company</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The registered office of the Company shall be at the office of Walkers Corporate Limited, Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman <FONT STYLE="white-space:nowrap">KY1-9008,</FONT> Cayman
Islands or at such other location as the Directors may from time to time determine. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">The objects for which the Company is established are unrestricted and the Company shall have full power and authority to carry out any object not prohibited by any law as provided by Section&nbsp;7(4) of the Companies
Law (as amended) of the Cayman Islands (the &#147;<B>Companies Law</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The Company shall have and be capable of exercising all the functions of a natural person of full capacity irrespective of any question of corporate benefit as provided by Section&nbsp;27(2) of the Companies Law.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The Company will not trade in the Cayman Islands with any person, firm or corporation except in furtherance of the business of the Company carried on outside the Cayman Islands; <U>provided</U> that nothing in this
section shall be construed as to prevent the Company effecting and concluding contracts in the Cayman Islands, and exercising in the Cayman Islands all of its powers necessary for the carrying on of its business outside the Cayman Islands.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">The liability of the members and shareholders of the Company is limited to the amount, if any, unpaid on the shares respectively held by them. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">The share capital of the Company is US$398,400 divided into 4,800,000,000 shares of a nominal or par value of US$0.000083 each; <U>provided</U> always that, subject to the Companies Law and the Articles of Association,
the Company shall have power to redeem or purchase any of its shares and to <FONT STYLE="white-space:nowrap">sub-divide</FONT> or consolidate the said shares or any of them and to issue all or any part of its capital whether original, redeemed,
increased or reduced with or without any preference, priority, special privilege or other rights or subject to any postponement of rights or to any conditions or restrictions whatsoever and so that unless the conditions of issue shall otherwise
expressly provide every issue of shares whether stated to be ordinary, preference or otherwise shall be subject to the powers on the part of the Company hereinbefore provided. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">The Company may exercise the power contained in Section&nbsp;206 of the Companies Law to deregister in the Cayman Islands and be registered by way of continuation in some other jurisdiction. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><B>CLAUSE</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>PAGE</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TABLE A</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">INTERPRETATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PRELIMINARY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SHARES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MODIFICATION OF RIGHTS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CERTIFICATES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">FRACTIONAL SHARES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">LIEN</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CALLS ON SHARES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">FORFEITURE OF SHARES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TRANSFER OF SHARES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">RIGHT OF PARTICIPATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">RIGHT OF FIRST REFUSAL; OTHER TRANSFER RESTRICTIONS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">RIGHT OF <FONT STYLE="white-space:nowrap">CO-SALE</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">DRAG-ALONG RIGHT</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ANTI-DILUTION ISSUANCE TO TENCENT</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TRANSMISSION OF SHARES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ALTERATION OF SHARE CAPITAL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">REDEMPTION, PURCHASE AND SURRENDER OF SHARES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TREASURY SHARES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">GENERAL MEETINGS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">NOTICE OF GENERAL MEETINGS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PROCEEDINGS AT GENERAL MEETINGS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">VOTES OF MEMBERS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CORPORATIONS ACTING BY REPRESENTATIVES AT MEETINGS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="97%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">DIRECTORS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ALTERNATE DIRECTOR</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">POWERS AND DUTIES OF DIRECTORS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BORROWING POWERS OF DIRECTORS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">THE SEAL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">REMOVAL AND DISQUALIFICATION OF DIRECTORS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PROCEEDINGS OF DIRECTORS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">DIVIDENDS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ACCOUNTS, AUDIT AND ANNUAL RETURN AND DECLARATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CAPITALISATION OF RESERVES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SHARE PREMIUM ACCOUNT</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">NOTICES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">INDEMNITY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">NON-RECOGNITION</FONT> OF TRUSTS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">WINDING UP</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">AMENDMENT OF ARTICLES OF ASSOCIATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CLOSING OF REGISTER OR FIXING RECORD DATE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">REGISTRATION BY WAY OF CONTINUATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MERGERS AND CONSOLIDATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">DISCLOSURE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMPANIES LAW (AS AMENDED) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COMPANY LIMITED BY SHARES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THIRD AMENDED AND RESTATED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLES OF ASSOCIATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC
ENTERTAINMENT GROUP


<IMG SRC="g4942943.jpg" ALT="LOGO">
 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(AMENDED AND RESTATED BY SPECIAL RESOLUTION DATED
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Regulations contained or incorporated in Table &#145;A&#146; in the First Schedule of the Companies Law shall not apply to Tencent Music
Entertainment Group


<IMG SRC="g4942943_1.jpg" ALT="LOGO">
 (the &#147;<B>Company</B>&#148;) and the following Articles shall comprise the Articles of Association of the Company. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INTERPRETATION </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">In these Articles the following defined terms will have the meanings ascribed to them, if not inconsistent with the subject or context: </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>2014 ESOP</B></U>&#148; means the 2014 share incentive plan of the Company approved by the Board, under which 116,400,000 Ordinary
Shares were originally reserved, among which 11,640,000 reserved Ordinary Shares had been canceled as of July&nbsp;12, 2016. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Affiliate</U></B>&#148; means, (i)&nbsp;with respect to a person that is a natural person, such person&#146;s relatives and any
other person (other than natural persons) directly or indirectly Controlled by such person, and (ii)&nbsp;with respect to a person that is not a natural person, as person that directly, or indirectly through one or more intermediaries, Controls, or
is Controlled by, or is under common Control with, such person. For the purposes of this definition, &#147;relative&#148; of a person means such person&#146;s spouse, parent, grandparent, child, grandchild, sibling, uncle, aunt, nephew, niece or
great-grandparent or the spouse of such person&#146;s child, grandchild, sibling, uncle, aunt, nephew or niece. Notwithstanding the foregoing, for purposes of these Articles, no Member shall be deemed an Affiliate of any other Member solely by
reason of the existence of any rights or obligations under the Shareholders Agreement or these Articles or holding of the Company Securities by such Member and any other Member. Further, for purposes of these Articles, none of Spotify Technology
S.A., Spotify AB or any of their respective Controlled Affiliates, on the one hand, and the Company, Tencent or any of their respective Affiliates, on the other hand, shall be deemed an Affiliate of the other. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Amended Control Documents</U></B>&#148;<B></B> has the meaning ascribed to it in Article 104A. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Anti-Dilution Issuance Shares</U></B>&#148; has the meaning ascribed to it in Article 61. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Anti-Dilution Issuance to Tencent</U></B>&#148;<B></B> has the meaning ascribed to it in Article 61. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Articles</U></B>&#148; means these articles of association of the Company, as amended or substituted from time to time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Available For Sale Target Shares</U></B>&#148;<B></B> has the meaning ascribed to
it in Article 49. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Board</U></B>&#148; means the board of directors of the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Branch Register</U></B>&#148; means any branch Register of such category or categories of Members as the Company may from time to
time determine. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Chairman</U>&#148;</B> has the meaning ascribed to it in Article 76. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>CIFH</U></B>&#148; means PAGAC Music Holding II Limited, an exempted company incorporated under the Laws of the Cayman Islands.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Class</U></B>&#148; or &#147;<B><U>Classes</U></B>&#148; means any class or classes of Shares as may from time to time be
issued by the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Companies Law</U></B>&#148;<B></B> means the Companies Law (as amended) of the Cayman Islands. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Company GC</U></B>&#148;<B></B> has the meaning ascribed to it in Article 115. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Company Securities</U></B>&#148;<B></B> means any share, share capital, registered capital, ownership interest, partnership
interest, equity interest, joint venture or other ownership interest of the Company, or any option, warrant, or right to subscribe for, acquire or purchase any of the foregoing, or any other security or instrument convertible into or exercisable or
exchangeable for any of the foregoing, or any equity appreciation, phantom equity, equity plan or similar right with respect to the Company, or any contract of any kind for the purchase or acquisition from the Company of any of the foregoing, either
directly or indirectly. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Control</U></B>&#148; means the possession, direct or indirect, of the power to direct, or cause the
direction of, the management and policies of a person, whether through the ownership of voting securities, by contract or otherwise. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Control Documents</U></B>&#148; means a series of agreements and documents entered into by and between any wholly-owned PRC
Subsidiary of the Company and VIE Affiliates and their shareholders, through which such wholly-owned PRC Subsidiary has acquired the Control and is able to consolidate the financial statements of such VIE Affiliates. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Core Business</U></B>&#148; includes: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">provision of digital music service; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">production and sales of digital music devices; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">provision of online and offline music show service and other performance; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">production and promotion of music content; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">operation of music-related licensing business; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">other music-related business; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">operation, research and development of online gaming and commercial advertisement; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top">other business as approved by the Board. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Co-Sale Notice</U></B>&#148; has the meaning ascribed to it in Article 52. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Directors</U></B>&#148; means, unless the context clearly is meant otherwise, the directors of the Company for the time being
assembled as a board or as a duly appointed committee thereof, and if the context refers to one or more particular directors, then it means those one or more particular directors of the Company for the time being. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Disposition Notice</U></B>&#148; has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Drag-Along Right</U></B>&#148; has the meaning ascribed to it in Article 58. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>ESOP</U></B>&#148; means collectively, the 2014 ESOP, the 2017 Share Option Plan approved by the Board under which the maximum
aggregate number of Ordinary Shares available for exercise of the options to be granted thereunder is 34,826,662 Ordinary Shares (including awards of up to 8,055,153 Ordinary Shares that had not been granted under the 2014 ESOP and have been granted
under the 2017 Share Option Plan) and the 2017 Restricted Share Award Scheme approved by the Board under which the maximum aggregate number of Ordinary Shares which may be issued pursuant to all awards of restricted shares to be granted thereunder
is 40,157,263 Ordinary Shares (including awards of up to 12,637,194 Ordinary Shares reserved for issuance under the Tencent ESOP). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Excluded Related Party Transaction</U></B>&#148; has the meaning ascribed to it in Article 127A. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>First Participation Notice</U></B>&#148; has the meaning ascribed to it in Article 39(a). <B><I></I></B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Fully-Exercising ROFR Shareholders</U></B>&#148;<B> </B>has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>GMHL</U></B>&#148; means Guomin Holdings Limited, a company limited by shares incorporated under the Laws of the British Virgin
Islands. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Group Companies</U></B>&#148;<B></B> means the Company and the entities whose financial results are consolidated with
those of the Company in accordance with US&nbsp;GAAP, and each a &#147;<B><U>Group Company</U></B>&#148;. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Issuance
Obligation</U></B>&#148;<B></B> has the meaning ascribed to it in the Shareholders Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Key
Management</U></B>&#148;<B></B> means Xie Zhenyu, a PRC citizen, and Xie Guomin, a PRC citizen. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Largest Financial
Investor</U></B>&#148;<B></B> has the meaning ascribed to it in Article 110. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Law</U></B>&#148; means any law, rule,
constitution, code, ordinance, statute, treaty, decree, regulation, common law, order, official policy, circular, provision, administrative order, interpretation, injunction, judgment, ruling, assessment, writ or other legislative measure, in each
case of any governmental authority. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Member</U></B>&#148; means a Person who is registered as the holder of Shares in the
Register. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Memorandum of Association</U></B>&#148;<B></B> means the memorandum of association of the Company, as amended or
substituted from time to time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Music Fund</U></B>&#148;<B></B> means an investment fund formed for the purpose of making
investments in music content businesses, whose limited partners include (i)&nbsp;Tencent or its Affiliates and (ii)&nbsp;the Company or another Group Company. Notwithstanding the definition of Affiliates, the parties agree that for purposes of this
definition of &#147;Music Fund&#148;, Affiliates of Tencent shall exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>New Securities</B></U>&#148; means any share, share capital, registered capital,
ownership interest, partnership interest, equity interest, joint venture or other ownership interest of the Company, or any option, warrant, or right to subscribe for, acquire or purchase any of the foregoing, or any other security or instrument
convertible into or exercisable or exchangeable for any of the foregoing, or any equity appreciation, phantom equity, equity plan or similar right with respect to the Company, or any contract of any kind for the purchase or acquisition from the
Company of any of the foregoing, either directly or indirectly, <U>provided</U>, <U>however</U>, that the term &#147;<B><U>New Securities</U></B>&#148; does not include: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">104,760,000 Ordinary Shares issued or issuable to qualified employees of the Company pursuant to the 2014 ESOP, or any options to purchase such shares; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">any other Company Securities issued or to be issued under the ESOP; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">any securities issued in connection with any share dividend, distribution, share split, share consolidation, or other similar event in which the Members are otherwise entitled to participate; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">any shares issued upon exercise of options, warrants or other types of awards as approved by the Board; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">any shares issued pursuant to the QIPO; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">any securities of the Company issued or issuable pursuant to the Issuance Obligation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">any Anti-Dilution Issuance Shares or any securities of the Company issued or issuable pursuant to the Anti-Dilution Issuance to Tencent; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top">any shares reserved and issuable to any Shareholder, if applicable, pursuant to its exercise of right of participation under the Prior SHAs in relation to the transactions contemplated under the Tencent Subscription
Agreement; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">any shares issued under the R2G Agreement (<U>provided</U> that, if any shares are issued under this clause (i), CIFH shall have returned an equivalent number of Ordinary Shares to the Company); </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top">the Ordinary Shares issued or issuable pursuant to the Spotify Subscription Agreement; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top">any securities of the Company issued pursuant to the acquisition of another corporation or entity by the Company by consolidation, merger, purchase of assets, or other reorganization in a single transaction or series of
related transactions, in each case, duly approved in accordance with Article 104. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Non-Tencent
Shareholders</B></U>&#148; has the meaning ascribed to it in Article 110(b). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B><FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder</B></U>&#148; has the meaning ascribed to it in Article 48.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Office</B></U>&#148; means the registered office of the Company as required by the Companies Law. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Officers</U></B>&#148; means the officers for the time being and from time to time of the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Ordinary Resolution</B></U>&#148; means a resolution: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">passed by a simple majority of the votes cast by such Members as, being entitled to do so, attend and vote in person or, where proxies are allowed, by proxy, at a general meeting of the Company and where a poll is taken
regard shall be had in computing a majority to the number of votes to which each Member is entitled; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">approved in writing by all of such Members entitled to vote at a general meeting of the Company in one or more instruments each signed by one or more of the Members and the effective date of the resolution so adopted
shall be the date on which the instrument, or the last of such instruments, if more than one, is executed. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Ordinary Shares</U></B>&#148; means the ordinary shares of a nominal or par value of US$0.000083 each in the share capital of the
Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Overallotment Notice</U></B>&#148; has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>paid up</B></U>&#148; means paid up as to the par value in respect of the issue of any Shares and includes credited as paid up.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Participation Pro Rata Share</U></B>&#148; of any Shareholder means, the ratio of (a)&nbsp;the number of Ordinary Shares held
by such Shareholder, to (b)&nbsp;the total number of Ordinary Shares then outstanding and held by all Shareholders immediately prior to the issuance of New Securities giving rise to the Right of Participation. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Person</U></B>&#148; means any natural person, firm, company, joint venture, partnership, corporation, association or other entity
(whether or not having a separate legal personality) or any of them as the context so requires, other than in respect of a Director or Officer in which circumstances Person shall mean any person or entity permitted to act as such in accordance with
the laws of the Cayman Islands. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>PRC</U></B>&#148; means the People&#146;s Republic of China and for purposes of these
Articles, excludes Hong Kong, Macao Special Administrative Region and Taiwan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Preemptive Right Participants</U></B>&#148; has
the meaning ascribed to it in Article 39(b). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Principal Register</U></B>&#148;, where the Company has established one or more
Branch Registers pursuant to the Companies Law and these Articles, means the Register maintained by the Company pursuant to the Companies Law and these Articles that is not designated by the Directors as a Branch Register. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Prior SHAs</U></B>&#148; means the Amended and Restated Shareholders Agreement dated July&nbsp;12, 2016 by and among the Company
and certain other parties named therein, the Amended and Restated Shareholders Agreement dated March&nbsp;8, 2016 by and among the Company and certain other parties named therein, the Shareholders Agreement dated May&nbsp;26, 2014 by and among the
Company and certain other parties named therein, and the Amended and Restated Shareholders Agreement dated December&nbsp;4, 2013 by and among the Company and certain other parties named therein. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Prospective Transferee</U></B>&#148; has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Qualified Stock Exchange</U></B>&#148; means the Hong Kong Stock Exchange, New York Stock Exchange, NASDAQ Stock Market, <FONT
STYLE="white-space:nowrap">A-Share</FONT> Market or such other stock exchange approved by the Board. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Qualified
Transfer</U></B>&#148; has the meaning ascribed to it in Article 44. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>QIPO</U></B>&#148; means a firm underwritten public offering of the Ordinary
Shares or any equity securities in any of the Company&#146;s Subsidiaries in the U.S., pursuant to an effective registration statement under the Securities Act, or in a similar public offering of the Ordinary Shares or any equity securities in any
of the Company&#146;s Subsidiaries in another jurisdiction which results in such shares trading publicly on the Hong Kong Stock Exchange, New York Stock Exchange, NASDAQ Stock Market, <FONT STYLE="white-space:nowrap">A-Share</FONT> Market or such
other stock exchange approved by the Board (each, a &#147;<B><U>Qualified Stock Exchange</U></B>&#148;) where the Company meets the listing requirements of such Qualified Stock Exchange, and which, in each case, has an offering price per share that
results in a post-money valuation of the Company at a minimum of US$6&nbsp;billion on a fully diluted basis upon the consummation of the public offering. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>R2G Agreement</U></B>&#148; means the amended and restated share purchase and exchange agreement dated as of October&nbsp;30, 2013,
by and among R2G Limited, certain of its shareholders and the Company, as amended, supplemented, or otherwise modified from time to time. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Register</B></U>&#148; means the register of Members of the Company required to be kept pursuant to the Companies Law and includes
any Branch Register(s) established by the Company in accordance with the Companies Law. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Related Party</U></B>&#148; means any
shareholder, officer or director of a Group Company, or any Affiliate of any such person or of any Group Company, except for any other Group Company. Notwithstanding the definition of Affiliates, the parties agree that for purposes of this
definition of &#147;Related Party&#148;, Affiliates of Tencent shall exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Related Party Transaction</U></B>&#148; means a transaction between any Group Company, on the one hand, and any Related Party, on
the other hand; <I>provided</I> that the following transactions shall not be considered as Related Party Transaction for purposes of this Agreement: (i)&nbsp;any <FONT STYLE="white-space:nowrap">co-investment</FONT> transaction by a Group Company
and a Related Party in a third party; and (ii)&nbsp;any issuance of Company Securities to any Related Party in compliance with the provisions of these Articles. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Replacement Nominee</U></B>&#148; has the meaning ascribed to it in Article 112. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Restricted Person</U></B>&#148; means each Person listed on Schedule B of the Shareholders Agreement and each of their respective
Affiliates and any entity that a Restricted Person or any of its Affiliates directly or indirectly holds or beneficially owns at least twenty percent (20%) in ownership interest, registered capital, voting power or the decision-making power, whether
though contractual arrangements or otherwise. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Right of First Refusal</U></B>&#148; has the meaning ascribed to it in Article
47. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Right of Participation</U></B>&#148; means the preemptive right of each Shareholder under Articles 38 through 41 to
purchase such Shareholder&#146;s Participation Pro Rata Share of all (or any part) of any New Securities that the Company may from time to time issue after the date of the Shareholders Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>ROFR First Response Period</U></B>&#148; has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>ROFR Pro Rata Portion</B></U>&#148; has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>ROFR Second Response Period</U></B>&#148; has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Sale Notice</U></B>&#148; has the meaning ascribed to it in Article 58. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Seal</U></B>&#148; means the common seal of the Company (if adopted) including
any facsimile thereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Second Largest Financial Investor</U></B>&#148; has the meaning ascribed to it in Article 110. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Second Participation Notice</U></B>&#148; has the meaning ascribed to it in Article 39. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Secretary</U></B>&#148; means any Person appointed by the Directors to perform any of the duties of the secretary of the Company.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Share</U></B>&#148; means a share in the capital of the Company. All references to &#147;Shares&#148; herein shall be deemed
to be Shares of any or all Classes as the context may require. For the avoidance of doubt in these Articles the expression &#147;Share&#148; shall include a fraction of a Share. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Shareholder</U></B>&#148; means a Member of the Company other than the Spotify Investors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Shareholders Agreement</U></B>&#148; means the Second Amended and Restated Shareholders Agreement dated as of December&nbsp;8, 2017
by and among the Company and certain other parties thereto. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Share Premium Account</U></B>&#148; means the share premium
account established in accordance with these Articles and the Companies Law. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Shortened
<FONT STYLE="white-space:nowrap">Lock-up</FONT> Triggering Event</U></B>&#148; has the meaning ascribed to it in Article 44. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>signed</U></B>&#148; means bearing a signature or representation of a signature affixed by mechanical means. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Special Resolution</U></B>&#148; means a special resolution of the Company passed in accordance with the Companies Law, being a
resolution: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">passed by a majority of not less than <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the votes cast by such Members as, being entitled to do so, attend and vote in person or, where proxies are allowed, by proxy,
at a general meeting of the Company of which notice specifying the intention to propose the resolution as a special resolution has been duly given and where a poll is taken regard shall be had in computing a majority to the number of votes to which
each Member is entitled; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">approved in writing by all of the Members entitled to vote at a general meeting of the Company in one or more instruments each signed by one or more of the Members and the effective date of the special resolution so
adopted shall be the date on which the instrument or the last of such instruments, if more than one, is executed. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Spotify Investor Agreement</U></B>&#148; means that certain Investor Agreement to be entered into by and among the Company, Spotify
AB, Spotify Technology S.A. and Tencent Holdings Limited at the closing of the transactions contemplated by the Spotify Subscription Agreement, as it may be amended or restated from time to time. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Spotify Investor</U></B>&#148; has the meaning ascribed to &#147;Investor&#148; in the Spotify Investor Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Spotify Subscription Agreement</U></B>&#148; means that certain Subscription Agreement, dated December&nbsp;8, 2017, by and among
the Company, Tencent Music Entertainment Hong Kong Limited, Spotify Technology S.A. and Spotify AB. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Subsidiary</U></B>&#148;
means, with respect to any given Person, any Person of which the given Person directly or indirectly Controls. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Target Shares</U></B>&#148; has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent</U></B>&#148; means Min River Investment Limited, a company limited by shares incorporated under the laws of the British
Virgin Islands. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Closing Date</U></B>&#148; has the same meaning as ascribed to the definition of &#147;Closing
Date&#148; in the Tencent Subscription Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Directors</U></B>&#148; has the meaning ascribed to it in Article
110. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent ESOP</U></B>&#148; means the equity incentive, purchase or participation plan, employee stock option plan or
similar plan of the Company to be approved by the Board, under which 12,637,194 Ordinary Shares have been reserved for issuance. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent GC</U></B>&#148; has the meaning ascribed to it in Article 115. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Subscription Agreement</U></B>&#148; means the Share Subscription Agreement dated as of July&nbsp;12, 2016 by and among the
Company, Tencent and certain other parties thereto. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Transaction Documents</U></B>&#148; has the meaning ascribed to
the term &#147;Transaction Documents&#148; in the Tencent Subscription Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Trade Sale</U></B>&#148; means (i)&nbsp;a
sale, lease, transfer or other disposition of all or substantially all of the assets of the Group Companies as a whole, (ii)&nbsp;an exclusive licensing out of all or substantially all of the Intellectual Property of the Group Companies as a whole,
(iii)&nbsp;any transaction (or a series of related transactions) in which a majority of the Company&#146;s voting power or a majority of the voting power of any material Subsidiary of the Company is transferred to a third party (or multiple third
parties) or to Tencent or its Affiliates (whether by share transfer or share issuance), or (iv)&nbsp;a merger, consolidation or other business combination of the Company or any material Subsidiary of the Company with or into any other Person. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Transfer</U></B>&#148; means, with respect to any Company Securities, (i)&nbsp;when used as a verb, to sell, assign, dispose of,
exchange, pledge, encumber, hypothecate or otherwise transfer such Company Securities or any participation or interest therein, whether directly or indirectly (including pursuant to a derivative transaction or a transfer or new issuance of ownership
interests in a direct or indirect holder of such Company Securities), or agree or commit to do any of the foregoing and (ii)&nbsp;when used as a noun, a direct or indirect sale, assignment, disposition, exchange, pledge, encumbrance, hypothecation,
or other transfer of such Company Securities or any participation or interest therein or any agreement or commitment to do any of the foregoing. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Transferring Shareholder</U></B>&#148; has the meaning ascribed to it in Article 48. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Treasury Shares</U></B>&#148; means Shares that were previously issued but were purchased, redeemed, surrendered or otherwise
acquired by the Company and not cancelled. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>US GAAP</U></B>&#148; means the generally accepted accounting principles and
practices in the United States as in effect from time to time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>VIE Affiliates</U></B>&#148; means collectively Beijing Kuwo
Technology Co., Ltd.


<IMG SRC="g4942944.jpg" ALT="LOGO">
 and Guangzhou Kugou Computer Technology Co., Ltd.


<IMG SRC="g4942944_1.jpg" ALT="LOGO">
.. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">In these Articles, save where the context requires otherwise: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">words importing the singular number shall include the plural number and vice versa; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">words importing the masculine gender only shall include the feminine gender and any Person as the context may require; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">the word &#147;may&#148; shall be construed as permissive and the word &#147;shall&#148; shall be construed as imperative; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">reference to a dollar or dollars or USD (or $) and to a cent or cents is reference to dollars and cents of the United States of America; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">reference to a statutory enactment shall include reference to any amendment or <FONT STYLE="white-space:nowrap">re-enactment</FONT> thereof for the time being in force; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">reference to any determination by the Directors shall be construed as a determination by the Directors in their sole and absolute discretion and shall be applicable either generally or in any particular case; and
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">reference to &#147;in writing&#148; shall be construed as written or represented by any means reproducible in writing, including any form of print, lithograph, email, facsimile, photograph or telex or represented by any
other substitute or format for storage or transmission for writing or partly one and partly another. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the preceding Articles, any words defined in the Companies Law shall, if not inconsistent with the subject or context, bear the same meaning in these Articles. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PRELIMINARY </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The business of the Company may be commenced at any time after incorporation. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The Office shall be at such address in the Cayman Islands as the Directors may from time to time determine. The Company may in addition establish and maintain such other offices and places of business and agencies in
such places as the Directors may from time to time determine. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">The expenses incurred in the formation of the Company and in connection with the offer for subscription and issue of Shares shall be paid by the Company. Such expenses may be amortised over such period as the Directors
may determine and the amount so paid shall be charged against income and/or capital in the accounts of the Company as the Directors shall determine. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">The Directors shall keep, or cause to be kept, the Register at such place or (subject to compliance with the Companies Law and these Articles) places as the Directors may from time to time determine. In the absence of
any such determination, the Register shall be kept at the Office. The Directors may keep, or cause to be kept, one or more Branch Registers as well as the Principal Register in accordance with the Companies Law, <U>provided</U> always that a
duplicate of such Branch Register(s) shall be maintained with the Principal Register in accordance with the Companies Law. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SHARES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Articles 103 and 104, and without prejudice to any special rights or restrictions for the time being attached to any shares or any class of shares, all Shares for the time being unissued shall be under the
control of the Directors who may: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">issue, allot and dispose of the same to such Persons, in such manner, on such terms and having such rights and being subject to such restrictions as they may from time to time determine; and </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">grant options with respect to such Shares and issue warrants or similar instruments with respect thereto; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">and, for such purposes, the Directors may reserve an appropriate number of Shares for the time being unissued. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Articles 103 and 104, the Members by Special Resolution, may authorise the division of Shares into any number of Classes and <FONT STYLE="white-space:nowrap">sub-classes</FONT> and the different Classes and <FONT
STYLE="white-space:nowrap">sub-classes</FONT> shall be authorised, established and designated (or <FONT STYLE="white-space:nowrap">re-designated</FONT> as the case may be) and the variations in the relative rights (including, without limitation,
voting, dividend and redemption rights), restrictions, preferences, privileges and payment obligations as between the different Classes (if any) may be fixed and determined by the Members by Special Resolution. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">The Company may insofar as may be permitted by law, pay a commission to any Person in consideration of his subscribing or agreeing to subscribe whether absolutely or conditionally for any Shares. Such commissions may be
satisfied by the payment of cash or the lodgement of fully or partly <FONT STYLE="white-space:nowrap">paid-up</FONT> Shares or partly in one way and partly in the other. The Company may also pay such brokerage as may be lawful on any issue of
Shares. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may refuse to accept any application for Shares, and may accept any application in whole or in part, for any reason or for no reason. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MODIFICATION OF RIGHTS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top">Whenever the capital of the Company is divided into different Classes, the rights attached to any such Class&nbsp;may, subject to any rights or restrictions for the time being attached to any Class, only be materially
adversely varied or abrogated with the consent in writing of the holders of not less than <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the issued Shares of the relevant Class, or with the sanction of a resolution passed at a separate
meeting of the holders of the Shares of such Class&nbsp;by <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the votes cast at such a meeting. To every such separate meeting all the provisions of these Articles relating to general meetings of
the Company or to the proceedings thereat shall, <I>mutatis mutandis,</I> apply, except that the necessary quorum shall be one or more Persons at least holding or representing by proxy <FONT STYLE="white-space:nowrap">one-third</FONT> in nominal or
par value amount of the issued Shares of the relevant Class (but so that if at any adjourned meeting of such holders a quorum as above defined is not present, those Members who are present shall form a quorum) and that, subject to any rights or
restrictions for the time being attached to the Shares of that Class, every Member of the Class&nbsp;shall on a poll have one vote for each Share of the Class&nbsp;held by him. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top">The rights conferred upon the holders of the Shares of any Class&nbsp;issued with preferred or other rights shall not, subject to any rights or restrictions for the time being attached to the Shares of that Class, be
deemed to be materially adversely varied or abrogated by, <I>inter alia,</I> the creation, allotment or issue of further Shares ranking <I>pari passu</I> with or subsequent to them or the redemption or purchase of any Shares of any Class&nbsp;by the
Company. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTIFICATES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top">No Person shall be entitled to a certificate for any or all of his Shares, unless the Directors shall determine otherwise. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FRACTIONAL SHARES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Directors may issue fractions of a Share and, if so issued, a fraction of a Share shall be subject to and
carry the corresponding fraction of liabilities (whether with respect to nominal or par value, premium, contributions, calls or otherwise), limitations, preferences, privileges, qualifications, restrictions, rights (including, without prejudice to
the generality of the foregoing, </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
voting and participation rights) and other attributes of a whole Share. If more than one fraction of a Share of the same Class&nbsp;is issued to or acquired by the same Member such fractions
shall be accumulated. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>LIEN </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top">The Company has a first and paramount lien on every Share (whether or not fully paid) for all amounts (whether presently payable or not) payable at a fixed time or called in respect of that Share. The Company also has a
first and paramount lien on every Share (whether or not fully paid) registered in the name of a Person indebted or under liability to the Company (whether he is the sole registered holder of a Share or one of two or more joint holders) for all
amounts owing by him or his estate to the Company (whether or not presently payable). The Directors may at any time declare a Share to be wholly or in part exempt from the provisions of this Article. The Company&#146;s lien on a Share extends to any
amount payable in respect of it. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top">The Company may sell, in such manner as the Directors may determine, any Share on which the Company has a lien, but no sale shall be made unless an amount in respect of which the lien exists is presently payable nor
until the expiration of fourteen days after a notice in writing, demanding payment of such part of the amount in respect of which the lien exists as is presently payable, has been given to the registered holder for the time being of the Share, or
the Persons entitled thereto by reason of his death or bankruptcy. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top">For giving effect to any such sale the Directors may authorise some Person to transfer the Shares sold to the purchaser thereof. The purchaser shall be registered as the holder of the Shares comprised in any such
transfer and he shall not be bound to see to the application of the purchase money, nor shall his title to the Shares be affected by any irregularity or invalidity in the proceedings in reference to the sale. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top">The proceeds of the sale after deduction of expenses, fees and commission incurred by the Company shall be received by the Company and applied in payment of such part of the amount in respect of which the lien exists as
is presently payable, and the residue shall (subject to a like lien for sums not presently payable as existed upon the Shares prior to the sale) be paid to the Person entitled to the Shares immediately prior to the sale. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CALLS ON SHARES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">20.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may from time to time make calls upon the Members in respect of any moneys unpaid on their Shares, and each Member shall (subject to receiving at least fourteen days&#146; notice specifying the time or
times of payment) pay to the Company at the time or times so specified the amount called on such Shares. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">21.</TD>
<TD ALIGN="left" VALIGN="top">The joint holders of a Share shall be jointly and severally liable to pay calls in respect thereof. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">22.</TD>
<TD ALIGN="left" VALIGN="top">If a sum called in respect of a Share is not paid before or on the day appointed for payment thereof, the Person from whom the sum is due shall pay interest upon the sum at the rate of eight percent per annum from the
day appointed for the payment thereof to the time of the actual payment, but the Directors shall be at liberty to waive payment of that interest wholly or in part. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">23.</TD>
<TD ALIGN="left" VALIGN="top">The provisions of these Articles as to the liability of joint holders and as to payment of interest shall apply in the case of <FONT STYLE="white-space:nowrap">non-payment</FONT> of any sum which, by the terms of issue
of a Share, becomes payable at a fixed time, whether on account of the amount of the Share, or by way of premium, as if the same had become payable by virtue of a call duly made and notified. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">24.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may make arrangements on the issue of partly paid Shares for a difference between the Members, or the particular Shares, in the amount of calls to be paid and in the times of payment. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">25.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may, if they think fit, receive from any Member willing to advance the same all or any part of the moneys uncalled and unpaid upon any partly paid Shares held by him, and upon all or any of the moneys so
advanced may (until the same would, but for such advance, become presently payable) pay interest at such rate (not exceeding without the sanction of an Ordinary Resolution, eight percent per annum) as may be agreed upon between the Member paying the
sum in advance and the Directors. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORFEITURE OF SHARES </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">26.</TD>
<TD ALIGN="left" VALIGN="top">If a Member fails to pay any call or instalment of a call in respect of any Shares on the day appointed for payment, the Directors may, at any time thereafter during such time as any part of such call or instalment
remains unpaid, serve a notice on him requiring payment of so much of the call or instalment as is unpaid, together with any interest which may have accrued. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">27.</TD>
<TD ALIGN="left" VALIGN="top">The notice shall name a further day (not earlier than the expiration of fourteen days from the date of the notice) on or before which the payment required by the notice is to be made, and shall state that in the event
of <FONT STYLE="white-space:nowrap">non-payment</FONT> at or before the time appointed the Shares in respect of which the call was made will be liable to be forfeited. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">28.</TD>
<TD ALIGN="left" VALIGN="top">If the requirements of any such notice as aforesaid are not complied with, any Share in respect of which the notice has been given may at any time thereafter, before the payment required by notice has been made, be
forfeited by a resolution of the Directors to that effect. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">29.</TD>
<TD ALIGN="left" VALIGN="top">A forfeited Share may be sold or otherwise disposed of on such terms and in such manner as the Directors think fit, and at any time before a sale or disposition the forfeiture may be cancelled on such terms as the
Directors think fit. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">30.</TD>
<TD ALIGN="left" VALIGN="top">A Person whose Shares have been forfeited shall cease to be a Member in respect of the forfeited Shares, but shall, notwithstanding, remain liable to pay to the Company all moneys which at the date of forfeiture were
payable by him to the Company in respect of the Shares forfeited, but his liability shall cease if and when the Company receives payment in full of the amount unpaid on the Shares forfeited. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">31.</TD>
<TD ALIGN="left" VALIGN="top">A statutory declaration in writing that the declarant is a Director, and that a Share has been duly forfeited on a date stated in the declaration, shall be conclusive evidence of the facts in the declaration as against
all Persons claiming to be entitled to the Share. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">32.</TD>
<TD ALIGN="left" VALIGN="top">The Company may receive the consideration, if any, given for a Share on any sale or disposition thereof pursuant to the provisions of these Articles as to forfeiture and may execute a transfer of the Share in favour of
the Person to whom the Share is sold or disposed of and that Person shall be registered as the holder of the Share, and shall not be bound to see to the application of the purchase money, if any, nor shall his title to the Shares be affected by any
irregularity or invalidity in the proceedings in reference to the disposition or sale. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">33.</TD>
<TD ALIGN="left" VALIGN="top">The provisions of these Articles as to forfeiture shall apply in the case of <FONT STYLE="white-space:nowrap">non-payment</FONT> of any sum which by the terms of issue of a Share becomes due and payable, whether on
account of the amount of the Share, or by way of premium, as if the same had been payable by virtue of a call duly made and notified. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">33A.</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the foregoing, Articles 16 through 33 shall not apply to the Ordinary Shares issued to Spotify AB pursuant to the Spotify Subscription Agreement. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TRANSFER OF SHARES </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">34.</TD>
<TD ALIGN="left" VALIGN="top">The instrument of transfer of any Share shall be in any usual or common form or such other form as the Directors may determine and be executed by or on behalf of the transferor and if in respect of a nil or partly paid
up Share, or if so required by the Directors, shall also be executed on behalf of the transferee and shall be accompanied by the certificate (if any) of the Shares to which it relates and such other evidence as the Directors may reasonably require
to show the right of the transferor to make the transfer. The transferor shall be deemed to remain a Member until the name of the transferee is entered in the Register in respect of the relevant Shares. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">35.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the terms of issue thereof, the Directors may determine to decline to register any transfer of Shares without assigning any reason therefor, <U>provided</U> that the Directors shall not decline to register
any transfer of Shares expressly permitted by or made in compliance with the Shareholders Agreement or the Spotify Investor Agreement. If the Board refuses to register a transfer of any share, it shall, within ten days after the date on which the
transfer was lodged with the Company, send to each of the transferor and transferee notice of the refusal. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">36.</TD>
<TD ALIGN="left" VALIGN="top">The registration of transfers may be suspended at such times and for such periods as the Directors may from time to time determine, provided that the Directors shall not suspend the registration of transfers of Shares
in violation of the Spotify Investor Agreement. If the Board has suspended registrations of transfers of shares, it shall, within ten days after the date on which any transfer is lodged with the Company, send to each of the transferor and transferee
notice of such suspension. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">37.</TD>
<TD ALIGN="left" VALIGN="top">All instruments of transfer that are registered shall be retained by the Company, but any instrument of transfer that the Directors decline to register shall (except in any case of fraud) be returned to the Person
depositing the same. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RIGHT OF PARTICIPATION </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">38.</TD>
<TD ALIGN="left" VALIGN="top">Each Shareholder shall have the Right of Participation to purchase its Participation Pro Rata Share of any New Securities that the Company may from time to time issue after the date of the Shareholders Agreement,
<U>provided</U> that the Shareholder exercising the Right of Participation must undertake to the Company and the other Shareholders that it purchases the New Securities entirely for its own account, and not as a nominee holder for any third party.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">39.</TD>
<TD ALIGN="left" VALIGN="top">Procedures. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) <U>First Participation Notice</U>. In the event that the
Company proposes to issue New Securities, it shall give to each Shareholder a written notice (the &#147;<B><U>First Participation Notice</U></B>&#148;), describing the amount and type of New Securities, the price and the general terms upon which the
Company proposes to issue such New Securities. Each Shareholder shall have the right to purchase all or a portion of such Shareholder&#146;s Participation Pro Rata Share of such New Securities for the price and upon the terms and conditions
specified in the First Participation Notice by giving a written notice to the Company within twenty (20)&nbsp;days from the date of receipt of such First Participation Notice and stating therein the quantity of New Securities to be purchased by such
Shareholder (not to exceed its Participation Pro Rata Share of such New Securities). If any Shareholder fails to so notify in writing within such twenty (20)&nbsp;day period to purchase its full Participation Pro Rata Share of the New Securities,
such Shareholder shall forfeit the right hereunder to purchase that part of its Participation Pro Rata Share of such New Securities that it did not elect to purchase but without prejudice to participating in any future or other offerings of New
Securities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) <U>Second Participation Notice; Oversubscription</U>. If any Shareholder does not exercise in full its
Right of Participation within the above twenty (20)&nbsp;day period, the Company </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
shall promptly give a written notice (the &#147;<B><U>Second Participation Notice</U></B>&#148;) to each of the Shareholders who has exercised in full its Right of Participation in accordance
with Article 39(a) above (the &#147;<B><U>Preemptive Right Participants</U></B>&#148;). Each Preemptive Right Participant shall have ten (10)&nbsp;days from the date of receipt of the Second Participation Notice to notify the Company of its desire
to purchase more than its Participation Pro Rata Share of the New Securities, stating the number of the additional New Securities it proposes to buy. If, as a result thereof, such oversubscription exceeds the total number of the remaining New
Securities available for purchase, each oversubscribing Preemptive Right Participant will be cut back by the Company with respect to its oversubscription to that number of remaining New Securities equal to the lesser of (x)&nbsp;the number of the
additional New Securities such oversubscribing Preemptive Right Participant proposed to buy, and (y)&nbsp;the product obtained by multiplying (i)&nbsp;the number of the remaining New Securities available for subscription by (ii)&nbsp;a fraction, the
numerator of which is the number of Ordinary Shares held by such oversubscribing Preemptive Right Participant and the denominator of which is the total number of Ordinary Shares held by all the oversubscribing Preemptive Right Participants. Each
Preemptive Right Participant shall be obligated to buy such number of New Securities as determined by the Company pursuant to this Article 39(b). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding anything to the contrary in these Articles or the Shareholders Agreement, the Company shall have the right
to consummate an issuance of New Securities at any time with one or more Shareholders who have exercised their Right of Participation and are able to consummate such issuance before the expiration of the periods contemplated in Articles 39(a) and
39(b); <U>provided</U> that (i)&nbsp;such Shareholders shall not be entitled to acquire more New Securities than they would have been entitled to acquire if such periods had lapsed in full, and (ii)&nbsp;each other Shareholder shall continue to be
entitled to acquire the same number of New Securities during such periods contemplated above as such Shareholder would have been entitled to acquire if the Company had not consummated any issuances before such periods had lapsed in full. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">40.</TD>
<TD ALIGN="left" VALIGN="top">Upon the expiration of a ten (10)&nbsp;day period from the date of the Second Participation Notice, or the twenty (20)&nbsp;day period from the date of the First Participation Notice (if no Shareholder exercises its
Right of Participation within such <FONT STYLE="white-space:nowrap">20-day</FONT> period), the Company shall have ninety (90)&nbsp;days thereafter to sell the New Securities described in the First Participation Notice (with respect to which the
Rights of Participation hereunder were not exercised) at the same or higher price and on terms not more favorable to the purchasers thereof than those specified in the First Participation Notice. In the event that the Company has not issued and sold
such New Securities within such ninety (90)&nbsp;day period, the Company shall not thereafter issue or sell any such New Securities without again first offering such New Securities to the Shareholders pursuant to these Articles 38 through 41.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">41.</TD>
<TD ALIGN="left" VALIGN="top">The Company shall not be obligated to consummate any proposed issuance of New Securities, nor be liable to any Shareholder if the Company has not consummated any proposed issuance of New Securities pursuant to these
Articles 38 through 41 for whatever reason, regardless of whether it shall have delivered a First Participation Notice or received any exercise notice in respect of such proposed issuance (<U>provided</U> that in such case the Company shall use its
best efforts to consummate the issuance of New Securities to the Shareholders that have delivered such exercise notice). </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RIGHT OF FIRST REFUSAL; OTHER TRANSFER RESTRICTIONS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">42.</TD>
<TD ALIGN="left" VALIGN="top">For so long as there are Company Securities issued and outstanding, none of the Shareholders shall directly or indirectly Transfer any Company Securities in contravention of these Articles. Such restrictions, however,
shall not be applicable to any Transfer of the Company Securities (a)&nbsp;to an Affiliate of such Shareholder, (b)&nbsp;to a custodian or a trustee, including a trustee of a voting trust, or partnership solely for the account and benefit of a
Shareholder, (c)&nbsp;among the Shareholders, (d)&nbsp;by CIFH to certain designees of shareholders of R2G Limited of up to 9,977,004 Ordinary Shares, in one or more transactions, as an alternative method to achieve the </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
economic purpose contemplated by the R2G Agreement (in which case (i)&nbsp;the Company shall pay to CIFH on behalf of the relevant recipients of such shares at US$0.3333 per share, as if the
Company had repurchased such shares from CIFH and <FONT STYLE="white-space:nowrap">re-issued</FONT> the same to the relevant shareholders of R2G Limited and (ii)&nbsp;the Company&#146;s right to issue an equivalent number of shares under (i)&nbsp;of
the definition of &#147;New Securities&#148; shall forfeit) or (e)&nbsp;by the designees of shareholders of R2G Limited by way of waiving or <FONT STYLE="white-space:nowrap">non-exercising</FONT> their right to receive any shares under the above
(d)&nbsp;in exchange for cash consideration payable by CIFH, <U>provided</U> that in each case of (a), (b), (c) and (d), each such transferee or assignee, prior to the completion of the Transfer shall have executed documents fully and
unconditionally assuming all of the obligations of such Shareholder under the Shareholders Agreement with respect to the Transferred Company Securities; <U>provided</U>, <U>further</U>, that in the case of (a), if such transferee at any time ceases
to be an Affiliate of such Shareholder, such transferee shall, prior to its ceasing to be an Affiliate of such Shareholder, Transfer such Company Securities back to such Shareholder. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">43.</TD>
<TD ALIGN="left" VALIGN="top">[Reserved.] </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">44.</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything otherwise provided in the Shareholders Agreement or these Articles, without the prior written consent of Tencent, (i)&nbsp;at any time during the first three (3)&nbsp;years after the Tencent
Closing Date, each of the Key Management will not, Transfer, directly or indirectly, any Company Securities that are in excess of thirty percent (30%) of the aggregate Company Securities held or beneficially owned by such Key Management (subject to
subsequent adjustment for share splits, share dividends, reverse share splits, <FONT STYLE="white-space:nowrap">re-capitalizations</FONT> and the like) as of the Tencent Closing Date, whether in a single transaction or a series of transactions; and
(ii)&nbsp;at any time during each <FONT STYLE="white-space:nowrap">one-year</FONT> period for the three (3)&nbsp;years after the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>) anniversary of the Tencent Closing Date, each of the
Key Management will not, Transfer, directly or indirectly, any Company Securities that are in excess of <FONT STYLE="white-space:nowrap">one-third</FONT> (1/3) of the aggregate remaining Company Securities held or beneficially owned by such Key
Management (subject to subsequent adjustment for share splits, share dividends, reverse share splits, <FONT STYLE="white-space:nowrap">re-capitalizations</FONT> and the like) as of the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)
anniversary of the Tencent Closing Date, whether in a single transaction or a series of transactions; <I>provided </I>that with respect to any Key Management, if at any time during the four-year period after the Tencent Closing Date, (x)&nbsp;such
Key Management has been removed as officer and employee of all Group Companies and all the employment agreements with such Key Management have been terminated by all Group Companies, or (y)&nbsp;such Key Management becomes a key executive of the
general partner of the Music Fund (for the avoidance of doubt, once such Key Management becomes a key executive of the general partner of the Music Fund, such Key Management should have resigned and no longer been a director, officer or employee of
any Group Company) (either (x)&nbsp;or (y), the &#147;<B><U>Shortened Lock-up Triggering Event</U></B>&#148;), then upon the resignation by such Key Management as directors of all Group Companies, the above Key Management <FONT
STYLE="white-space:nowrap">lock-up</FONT> provision shall be replaced by the following: without the prior written consent of Tencent, at any time during each <FONT STYLE="white-space:nowrap">one-year</FONT> period for the two (2)&nbsp;years after
the Shortened <FONT STYLE="white-space:nowrap">Lock-up</FONT> Triggering Event, each of the Key Management will not, Transfer, directly or indirectly, any Company Securities that are in excess of <FONT STYLE="white-space:nowrap">one-half</FONT>
(1/2) of the aggregate Company Securities held or beneficially owned by such Key Management (subject to subsequent adjustment for share splits, share dividends, reverse share splits, <FONT STYLE="white-space:nowrap">re-capitalizations</FONT> and the
like) as of the Shortened <FONT STYLE="white-space:nowrap">Lock-up</FONT> Triggering Event, whether in a single transaction or a series of transactions (any Transfer made as permitted pursuant to this proviso shall be a &#147;<B><U>Qualified
Transfer</U></B>&#148;); <I>provided further </I>that, notwithstanding anything to the contrary in Article 42, any proposed Transfer of Company Securities held or beneficially owned by such Key Management that is a Qualified Transfer (including any
Transfer made by such Key Management&#146;s Affiliates or permitted transferees) to any person (including to any other Shareholder) shall comply with, and be subject to the Right of First Refusal of each Shareholder in accordance with the respective
provisions under these Articles 42 through 51. The <FONT STYLE="white-space:nowrap">lock-up</FONT> contemplated under this Article 44 shall terminate upon the earliest of (i)&nbsp;the second (2<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP>)
anniversary of the Shortened <FONT STYLE="white-space:nowrap">Lock-up</FONT> Triggering Event (only if the Shortened <FONT STYLE="white-space:nowrap">Lock-up</FONT> Triggering Event is applicable); (ii) the sixth (6<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP>) anniversary of the Tencent Closing Date; and (iii)&nbsp;six months after the consummation of a QIPO . </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">45.</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything to the contrary contained in the Shareholders Agreement or these Articles, without the prior written consent of Tencent, none of the Shareholders other than Tencent shall Transfer, directly or
indirectly, any Company Securities held or beneficially owned by it to any Restricted Person. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">46.</TD>
<TD ALIGN="left" VALIGN="top">[Reserved.] </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">47.</TD>
<TD ALIGN="left" VALIGN="top">Grant of Right of First Refusal. Subject to the Drag-Along Right as set forth in Articles 58 through 60 below, each of the Shareholders is hereby granted a right of first refusal (the &#147;<B><U>Right of First
Refusal</U></B>&#148;), exercisable in connection with any proposed Transfer of the Company Securities held by any other Shareholder, <U>provided</U> that the Shareholder exercising such Right of First Refusal must undertake to the Company and the
other Shareholders that it purchases such Company Securities entirely for its own account, and not as a nominee holder for any third party. These Articles 42 through 51 shall not apply to any of the permitted Transfers under Article 42.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">48.</TD>
<TD ALIGN="left" VALIGN="top">In the event a Shareholder (the &#147;<B><U>Transferring Shareholder</U></B>&#148;) desires to accept a bona fide offer from a third party (other than the Restricted Persons) (the &#147;<B><U>Prospective
Transferee</U></B>&#148;) for any or all of the Company Securities then held by such Transferring Shareholder (the Company Securities subject to such offer to be hereinafter called the &#147;<B><U>Target Shares</U></B>&#148;), the Transferring
Shareholder shall promptly (i)&nbsp;deliver to each of the other Shareholders (the &#147;<B><U>Non-Transferring Shareholders</U></B>&#148;) a written notice (the &#147;<B><U>Disposition Notice</U></B>&#148;) describing the terms and conditions of
the offer, including the purchase price and the identity of the Prospective Transferee; and (ii)&nbsp;provide satisfactory proof that the disposition of the Target Shares to such Prospective Transferee would not be in contravention of the provisions
set forth in these Articles 42 through 51. Each <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder may exercise the Right of First Refusal and, thereby, purchase all or any part of its ROFR Pro Rata Portion (as defined below and
with any <FONT STYLE="white-space:nowrap">re-</FONT> allotments as provided below) of the Target Shares at the same price and subject to the same material terms and conditions as described in the Disposition Notice, by notifying the Transferring
Shareholder in writing within thirty (30)&nbsp;days after receiving the Disposition Notice (the &#147;<U><B>ROFR First Response Period</B></U>&#148;) as to the number of such Target Shares that it wishes to purchase. No Shareholder shall have a
right to purchase any of the Target Shares unless it exercises its Right of First Refusal within the ROFR First Response Period. If any Prospective Transferee has offered to pay for any Target Shares with property, services or any other <FONT
STYLE="white-space:nowrap">non-cash</FONT> consideration, the <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders shall nevertheless have the right to pay for such Target Shares with cash in an amount equal to the fair market value
of the <FONT STYLE="white-space:nowrap">non-cash</FONT> consideration offered by the Prospective Transferee in question, where the fair market value of such <FONT STYLE="white-space:nowrap">non-cash</FONT> consideration shall be conclusively
determined in good faith by the Board. For purposes of this Article 48, the term &#147;<U><B>ROFR Pro Rata Portion</B></U>&#148; means that number of Company Securities equal to the product obtained by multiplying (i)&nbsp;the aggregate number of
Target Shares covered by the Disposition Notice by (ii)&nbsp;a fraction, the numerator of which is the number of Company Securities held by such <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder (assuming the conversion of all
securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares) at the time of the sale or transfer and the denominator of which is the total number of Company Securities held
by all <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders (assuming the conversion of all securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares). If
any <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder fails to notify the Transferring Shareholder of such <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder&#146;s exercise of its Right of First Refusal, or, if
any <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder notifies the Transferring Shareholder that such <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder will only partially exercise its Right of First Refusal, in
each case within the ROFR First Response Period, then the Transferring Shareholder shall, as soon as possible but in any event within two (2)&nbsp;days after the expiration of the ROFR First Response Period, give a written notice (the
&#147;<U><B>Overallotment Notice</B></U>&#148;) to each <FONT STYLE="white-space:nowrap">Non-</FONT> Transferring Shareholder who has elected to exercise in full its ROFR Pro Rata Portion of the Target Shares (the &#147;<B><U>Fully-Exercising ROFR
Shareholders</U></B>&#148;) specifying the Target Shares that are still available to be purchased by the Fully-Exercising ROFR Shareholders. Such Overallotment Notice may be made by telephone if confirmed in writing within two (2)&nbsp;days. The
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
Fully-Exercising ROFR Shareholders shall have a right of overallotment, exercisable within five (5)&nbsp;days upon receiving the Overallotment Notice (the &#147;<B><U>ROFR Second Response
Period</U></B>&#148;), to buy up to all of the unsold Target Shares, or if more than one Fully-Exercising ROFR Shareholders exercise their overallotment right, the number of unsold Target Shares to be purchased by each Fully-Exercising ROFR
Shareholder shall be reduced, to the extent necessary, to such number based on the number of Company Securities held by each Fully-Exercising ROFR Shareholder who has exercised its overallotment right (assuming the conversion of all securities
convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares) divided by the number of Company Securities held by all Fully-Exercising ROFR Shareholders who have exercised their
overallotment right (assuming the conversion of all securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">49.</TD>
<TD ALIGN="left" VALIGN="top">If, after applying the procedure set forth in Article 48, there are still Target Shares not yet been purchased by the <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders (such shares, the
&#147;<B><U>Available For Sale Target Shares</U></B>&#148;), the Transferring Shareholder shall have a period of ninety (90)&nbsp;days thereafter to sell or otherwise dispose of such Available For Sale Target Shares, subject to the provisions of
Articles 52 through 57 set forth below, to the Prospective Transferee(s) identified in the Disposition Notice, upon terms and conditions (including the purchase price) no more favorable to such Prospective Transferee(s) than those specified in the
Disposition Notice. If the Transferring Shareholder has not completed the sale or disposition of the Available For Sale Target Shares within the specified ninety (90)&nbsp;day period, the <FONT STYLE="white-space:nowrap">Non-Transferring</FONT>
Shareholders&#146; Right of First Refusal hereunder shall once again apply to the transfer of the Available For Sale Target Shares. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">50.</TD>
<TD ALIGN="left" VALIGN="top">In the event of any share dividend, share split, <FONT STYLE="white-space:nowrap">sub-division</FONT> or consolidation of shares, recapitalization or other transaction affecting the Company&#146;s outstanding Company
Securities as a class effected without receipt of consideration, then any new, substituted or additional securities or other property that is by reason of such transaction distributed with respect to the Company Securities shall be immediately
subject to the <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders&#146; Right of First Refusal hereunder. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">51.</TD>
<TD ALIGN="left" VALIGN="top">Payment of the purchase price for the Target Shares (or a portion thereof, as applicable) shall be made at the time as agreed between the Transferring Shareholder and each of the
<FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders that has elected to exercise the Right of First Refusal, provided that such time shall not be later than the closing time specified in the Disposition Notice, unless otherwise
agreed by the Transferring Shareholder and the relevant <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders. Payment of the purchase price shall be made by wire transfer or check as directed by the Transferring Shareholder against
delivery of the Target Shares to be purchased (or a portion thereof, as applicable). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">51A.</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything to the contrary contained in these Articles, Articles 42 through 51 shall not apply to the Ordinary Shares issued to Spotify AB pursuant to the Spotify Subscription Agreement. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>RIGHT OF <FONT STYLE="white-space:nowrap">CO-SALE</FONT> </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">52.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Articles 42 through 51 above, and to the extent that (i)&nbsp;there are Available For Sale Target Shares, and (ii)&nbsp;the sale of Available For Sale Target Shares would result in a third party other than
Tencent owning at least 50% of the total share capital of the Company on a fully diluted basis, each <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder shall have the right, exercisable upon written notice (the &#147;<B><U><FONT
STYLE="white-space:nowrap">Co-Sale</FONT> Notice</U></B>&#148;) delivered to the Transferring Shareholder within ten (10)&nbsp;days after the expiration of the ROFR Second Response Period or, if none of the
<FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders have exercised their Right of First Refusal within the ROFR First Response Period, within ten (10)&nbsp;days after the expiration of the ROFR First Response Period, to participate
in the sale of the Available For Sale Target Shares on the terms and conditions as set forth in Article 53 below. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">53.</TD>
<TD ALIGN="left" VALIGN="top">Each <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder may participate in the proposed sale and sell that number of Company Securities not to exceed the number of shares calculated by multiplying the
aggregate number of the Available For Sale Target Shares by a fraction, the numerator of which is the number of Company Securities held by such <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder (assuming the conversion of all
securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares) at the time of the <FONT STYLE="white-space:nowrap">Co-Sale</FONT> Notice and the denominator of which is the sum
of (A)&nbsp;the aggregate number of Company Securities held by all Shareholders exercising the <FONT STYLE="white-space:nowrap">co-sale</FONT> right hereunder plus (B)&nbsp;the number of the Company Securities held by the Transferring Shareholder
(assuming the conversion of all securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares), and the Company Securities that can be sold by the Transferring Shareholder to
the Prospective Transferee shall be correspondingly reduced. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">54.</TD>
<TD ALIGN="left" VALIGN="top">The <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders shall effect their participation in the proposed sale by promptly delivering to the Transferring Shareholder an instrument of transfer, together
with one or more certificates that represent the number of Company Securities that the <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder elects to sell. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">55.</TD>
<TD ALIGN="left" VALIGN="top">The Transferring Shareholder shall deliver to the Company the instrument(s) of transfer and share certificate(s) in respect of the transfer of any Company Securities pursuant to Article 54 promptly upon receipt of the
same. Upon receipt of the instrument(s) of transfer and share certificate(s) referred to above from the Transferring Shareholder, the Company shall register such transfer and make the appropriate entries on the register of members of the Company to
reflect such transfer, and the Transferring Shareholder shall concurrently therewith remit to the Company for delivery to each of the <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders that portion of the sale proceeds to which
such <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder is entitled by reason of its participation in such transfer. To the extent that any Prospective Transferee prohibits such assignment or otherwise refuses to purchase Company
Securities from a <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder exercising its right of <FONT STYLE="white-space:nowrap">co-sale</FONT> hereunder, the Transferring Shareholder shall not sell to such Prospective Transferee any
Company Securities unless and until, simultaneously with such sale, the Prospective Transferee shall purchase from such <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder the Company Securities that such <FONT
STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholder is entitled to sell under these Articles 52 through 57. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">56.</TD>
<TD ALIGN="left" VALIGN="top">The exercise or <FONT STYLE="white-space:nowrap">non-exercise</FONT> of the right of <FONT STYLE="white-space:nowrap">co-sale</FONT> by the <FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders hereunder
shall not adversely affect their right to participate in subsequent sales of Company Securities subject to Article 52. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">57.</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything to the contrary, these Articles 52 through 57 shall not apply to any transfer permitted under Article 42. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>DRAG-ALONG RIGHT </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">58.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Article 60, at any time prior to an initial public offering of the Company&#146;s Shares on a Qualified Stock Exchange, if Tencent proposes a Trade Sale at an equity valuation of the Company of not less than
US$6&nbsp;billion on a fully diluted basis, and: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">in the event that such proposed Trade Sale is to a bona fide third party (other than Tencent or any Affiliate of Tencent), such Trade Sale has been approved by (x)&nbsp;no less than 75% of the Board, and
(y)&nbsp;Members holding no less than 75% of the issued and outstanding Ordinary Shares of the Company; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">in the event that such proposed Trade Sale is to Tencent or any Affiliate of Tencent, such Trade Sale has been
approved by Members holding no less than 66.7% of the issued and outstanding Ordinary Shares of the Company (other than any Ordinary Shares held by Tencent or any of its Affiliates),
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
then upon a written request from Tencent, each of the other Shareholders shall (i)&nbsp;vote all voting Company Securities held by them in favour of the Trade Sale and cause each Director
designated by it to vote in favour of the Trade Sale, (ii)&nbsp;refrain from exercising any dissenters&#146; rights or rights of appraisal under applicable Law at any time with respect to the Trade Sale, (iii)&nbsp;execute and deliver all related
documentation and take such other action in support of the Trade Sale as shall reasonably be requested by Tencent or the Company, and (iv)&nbsp;if the Trade Sale is structured as a transfer of Ordinary Shares or other Company Securities, transfer
all of the Ordinary Shares or other Company Securities to the third party to consummate the Trade Sale (the &#147;<B>Drag-Along Right</B>&#148;). When exercising the Drag-Along Right, Tencent shall send written notice (the &#147;<B>Sale
Notice</B>&#148;) to all other Shareholders with copy to the Company specifying the names of the purchaser(s), the nature of the Trade Sale, the consideration payable per share or the total consideration payable and a summary of the material terms
and conditions of such transaction. Upon receipt of a Sale Notice, all other Shareholders shall be obligated to consummate such Trade Sale in accordance with this Article 58. Notwithstanding the definition of Affiliates, for purposes of this Article
58, Affiliates of Tencent shall exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">59.</TD>
<TD ALIGN="left" VALIGN="top">In the event that any other Shareholder fails for any reason to take any of the foregoing actions specified in Article 58 after reasonable notice thereof, such Shareholder hereby grants an irrevocable power of attorney
and proxy to any Director approving the Trade Sale to take all necessary actions and execute and deliver all documents deemed by such Director to be reasonably necessary to effectuate the terms hereof. None of the transfer restrictions set forth in
Articles 42 through 51 or Articles 52 through 57 shall apply in connection with the Trade Sale proposed by Tencent pursuant to Article 58, notwithstanding anything contained to the contrary herein. The power of attorney granted hereby is intended to
secure an interest in property and, in addition, the obligations of each relevant Shareholder under these Articles, and shall be irrevocable. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">60.</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything to the contrary contained herein, without the prior written consent of Tencent, no Trade Sale shall be effected, or be permitted to be effected, to any Restricted Person. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ANTI-DILUTION ISSUANCE TO TENCENT </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">61.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Notwithstanding anything to the contrary contained herein, (i)&nbsp;concurrently with or before the issuance,
delivery or sale of any Company Securities by the Company to any Person (other than Tencent) in connection with any Issuance Obligation, the Company shall unconditionally issue, at no consideration, to Tencent such number of Ordinary Shares that
equals to the result of (x) 110%, multiplied by (y)&nbsp;the same number of the Company Securities proposed to be issued, delivered or sold by the Company in connection with such Issuance Obligations (the &#147;<B><U>Anti-Dilution Issuance to
Tencent</U></B>&#148;, and such Ordinary Shares issuable to Tencent, the &#147;<B><U>Anti-Dilution Issuance Shares</U></B>&#148;); and (ii)&nbsp;all consideration received by the Company as a result of the issuance, delivery or sale of any Company
Securities to any Person in connection with any Issuance Obligation shall be distributed or otherwise allocated to all the shareholders of the Company immediately prior to July&nbsp;12, 2016 (including Tencent) ratably in proportion to the number of
Ordinary Shares held by such shareholder in the Company immediately prior to July&nbsp;12, 2016. The Company and each Shareholder shall take all necessary actions to give effect to and consummate the Anti-Dilution Issuance to Tencent in accordance
with the foregoing provisions, and any Anti-Dilution Issuance Shares, when issued and delivered to Tencent, shall be deemed fully paid, duly issued and <FONT STYLE="white-space:nowrap">non-assessable.</FONT> In the event that the Company receives a
request from any Person for the issuance, delivery or sale by the Company of any Company Securities to such Person in connection with the Issuance Obligation, the Board shall ascertain, and if any director of the Company reasonably objects to such
request with good faith basis for such objection, use reasonable efforts to take all necessary actions to contest the validity of such request before the issuance, delivery or sale by the Company of any Company Securities to such Person. The
obligation of the Company with respect to the Anti-Dilution Issuance to Tencent </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
under this Article 61 shall terminate and be of no further force or effect upon the earlier of (i)&nbsp;immediately prior to the consummation of a QIPO, or (ii)&nbsp;the date when the Company
becomes subject to the reporting requirements of the Exchange Act or analogous reporting requirements in an alternative listing jurisdiction. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TRANSMISSION OF SHARES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">62.</TD>
<TD ALIGN="left" VALIGN="top">The legal personal representative of a deceased sole holder of a Share shall be the only Person recognised by the Company as having any title to the Share. In the case of a Share registered in the name of two or more
holders, the survivors or survivor, or the legal personal representatives of the deceased holder of the Share, shall be the only Person recognised by the Company as having any title to the Share. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">63.</TD>
<TD ALIGN="left" VALIGN="top">Any Person becoming entitled to a Share in consequence of the death or bankruptcy of a Member shall upon such evidence being produced as may from time to time be required by the Directors, have the right either to be
registered as a Member in respect of the Share or, instead of being registered himself, to make such transfer of the Share as the deceased or bankrupt Person could have made; but the Directors shall, in either case, have the same right to decline or
suspend registration as they would have had in the case of a transfer of the Share by the deceased or bankrupt Person before the death or bankruptcy. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">64.</TD>
<TD ALIGN="left" VALIGN="top">A Person becoming entitled to a Share by reason of the death or bankruptcy of a Member shall be entitled to the same dividends and other advantages to which he would be entitled if he were the registered Member, except
that he shall not, before being registered as a Member in respect of the Share, be entitled in respect of it to exercise any right conferred by membership in relation to meetings of the Company. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ALTERATION OF SHARE CAPITAL </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">65.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Article 104, the Company may from time to time by Ordinary Resolution increase the share capital by such sum, to be divided into Shares of such Classes and amount, as the resolution shall prescribe.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">66.</TD>
<TD ALIGN="left" VALIGN="top">The Company may by Ordinary Resolution: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">consolidate and divide all or any of its share capital into Shares of a larger amount than its existing Shares; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">convert all or any of its paid up Shares into stock and reconvert that stock into paid up Shares of any denomination; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">subdivide its existing Shares, or any of them into Shares of a smaller amount <U>provided</U> that in the subdivision the proportion between the amount paid and the amount, if any, unpaid on each reduced Share shall be
the same as it was in case of the Share from which the reduced Share is derived; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Subject to Article 104, cancel any Shares that, at the date of the passing of the resolution, have not been taken or agreed to be taken by any Person and diminish the amount of its share capital by the amount of the
Shares so cancelled. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">67.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Article 104, he Company may by Special Resolution reduce its share capital and any capital redemption reserve in any manner authorised by law. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REDEMPTION, PURCHASE AND SURRENDER OF SHARES </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">68.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the Companies Law and Article 104, the Company may: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">issue Shares on terms that they are to be redeemed or are liable to be redeemed at the option of the Company or the Member on such terms and in such manner as the Directors may determine; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">purchase its own Shares (including any redeemable Shares)&nbsp;(i) on such terms and in such manner as the Directors may determine and agree with the Member or (ii)&nbsp;upon authorisation by a Special Resolution of
Members on such terms and in such manner as specified in the Special Resolution; <U>provided</U> that the Company shall not act with respect to the Shares issued pursuant to the Spotify Subscription Agreement in violation of the Spotify Investor
Agreement; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">make a payment in respect of the redemption or purchase of its own Shares in any manner authorised by the Companies Law, including out of its capital; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">accept the surrender for no consideration of any paid up Share (including any redeemable Share) on such terms and in such manner as the Directors may determine. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">69.</TD>
<TD ALIGN="left" VALIGN="top">Any Share in respect of which notice of redemption has been given shall not be entitled to participate in the profits of the Company in respect of the period after the date specified as the date of redemption in the
notice of redemption. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">70.</TD>
<TD ALIGN="left" VALIGN="top">The redemption, purchase or surrender of any Share shall not be deemed to give rise to the redemption, purchase or surrender of any other Share. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">71.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may when making payments in respect of redemption or purchase of Shares, if authorised by the terms of issue of the Shares being redeemed or purchased or with the agreement of the holder of such Shares,
make such payment either in cash or in specie including, without limitation, interests in a special purpose vehicle holding assets of the Company or holding entitlement to the proceeds of assets held by the Company or in a liquidating structure.
</TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TREASURY SHARES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">72.</TD>
<TD ALIGN="left" VALIGN="top">Shares that the Company purchases, redeems or acquires (by way of surrender or otherwise) may, at the option of the Company, be cancelled immediately or held as Treasury Shares in accordance with the Companies Law. In
the event that the Directors do not specify that the relevant Shares are to be held as Treasury Shares, such Shares shall be cancelled. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">73.</TD>
<TD ALIGN="left" VALIGN="top">No dividend may be declared or paid, and no other distribution (whether in cash or otherwise) of the Company&#146;s assets (including any distribution of assets to members on a winding up) may be declared or paid in
respect of a Treasury Share. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">74.</TD>
<TD ALIGN="left" VALIGN="top">The Company shall be entered in the Register as the holder of the Treasury Shares <U>provided</U> that: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the Company shall not be treated as a member for any purpose and shall not exercise any right in respect of the Treasury Shares, and any purported exercise of such a right shall be void; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">a Treasury Share shall not be voted, directly or indirectly, at any meeting of the Company and shall not be
counted in determining the total number of issued shares at any given time, whether for the purposes of these Articles or the Companies Law, save that an </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
allotment of Shares as fully paid bonus shares in respect of a Treasury Share is permitted and Shares allotted as fully paid bonus shares in respect of a treasury share shall be treated as
Treasury Shares. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">75.</TD>
<TD ALIGN="left" VALIGN="top">Treasury Shares may be disposed of by the Company on such terms and conditions as determined by the Directors. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GENERAL MEETINGS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">76.</TD>
<TD ALIGN="left" VALIGN="top">The Company may hold an annual general meeting and shall specify the meeting as such in the notices calling it. An annual general meeting of the Company shall be held at such time and place as may be determined by the
Board. Each general meeting, other than an annual general meeting, shall be called an extraordinary general meeting. General meetings may be held at such times and in any location in the world as may be determined by the Board. The Chairman of the
Board (the &#147;<B>Chairman</B>&#148;) or any two Directors may, whenever they think fit, convene a general meeting of the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">77.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may cancel or postpone any duly convened general meeting at any time prior to such meeting, except for general meetings requisitioned by the Members in accordance with these Articles, for any reason or for
no reason at any time prior to the time for holding such meeting or, if the meeting is adjourned, the time for holding such adjourned meeting. The Directors shall give Members notice in writing of any cancellation or postponement. A postponement may
be for a stated period of any length or indefinitely as the Directors may determine. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">78.</TD>
<TD ALIGN="left" VALIGN="top">General meetings shall also be convened on the requisition in writing of any Member or Members entitled to attend and vote at general meetings of the Company holding at least five percent of the paid up voting share
capital of the Company deposited at the Office specifying the objects of the meeting by notice given no later than 21 days from the date of deposit of the requisition signed by the requisitionists, and if the Directors do not convene such meeting
for a date not later than 21 days after the date of such deposit, the requisitionists themselves may convene the general meeting in the same manner, as nearly as possible, as that in which general meetings may be convened by the Directors, and all
reasonable expenses incurred by the requisitionists as a result of the failure of the Directors to convene the general meeting shall be reimbursed to them by the Company. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">79.</TD>
<TD ALIGN="left" VALIGN="top">If at any time there are no Directors, any two Members entitled to vote at general meetings of the Company holding at least fifteen percent of the paid up voting share capital of the Company (or if there is only one
Member then that Member) may convene a general meeting in the same manner as nearly as possible as that in which general meetings may be convened by the Directors. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOTICE OF GENERAL MEETINGS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">80.</TD>
<TD ALIGN="left" VALIGN="top">At least five calendar days&#146; notice in writing counting from the date service is deemed to take place as provided in these Articles specifying the place, the day and the hour of the meeting and the general nature
of the business, shall be given in the manner hereinafter provided or in such other manner (if any) as may be prescribed by the Company by Ordinary Resolution to such Persons as are, under these Articles, entitled to receive such notices from the
Company, but with the consent of the Members holding at least 90% of the then total issued and outstanding Ordinary Shares and are entitled to receive notice of some particular meeting and attend and vote thereat, that meeting may be convened by
such shorter notice or without notice and in such manner as those Members may think fit. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">81.</TD>
<TD ALIGN="left" VALIGN="top">The accidental omission to give notice of a meeting to or the <FONT STYLE="white-space:nowrap">non-receipt</FONT> of a notice of a meeting by any Member shall not invalidate the proceedings at any meeting.
</TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROCEEDINGS AT GENERAL MEETINGS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">82.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the Companies Law and to these Articles, any resolution at any general meeting shall be decided by Ordinary Resolution. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">83.</TD>
<TD ALIGN="left" VALIGN="top">No business shall be transacted at any general meeting unless a quorum of Members is present at the time when the meeting proceeds to business. Save as otherwise provided by these Articles, two or more Members holding
at least 66.7% of the paid up voting share capital of the Company present in person or by proxy and entitled to vote at that meeting shall form a quorum. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">84.</TD>
<TD ALIGN="left" VALIGN="top">If within half an hour from the time appointed for the meeting a quorum is not present, it shall stand adjourned to the fifth (5<SUP STYLE="font-size:85%; vertical-align:top">th</SUP>) following calendar day at the same
time and place (or to such other time or such other place as the Directors may determine) and at such adjourned meeting, two or more Members holding at least 50% of the paid up voting share capital of the Company present in person or by proxy and
entitled to vote at that adjourned meeting shall form a quorum. If within half an hour from the time appointed for the adjourned meeting such quorum is not present, the meeting shall be dissolved. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">85.</TD>
<TD ALIGN="left" VALIGN="top">If the Directors wish to make this facility available for a specific general meeting or all general meetings of the Company, participation in any general meeting of the Company may be by means of a telephone or similar
communication equipment by way of which all Persons participating in such meeting can communicate with each other and such participation shall be deemed to constitute presence in person at the meeting. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">86.</TD>
<TD ALIGN="left" VALIGN="top">The Chairman shall preside as chairman at every general meeting of the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">87.</TD>
<TD ALIGN="left" VALIGN="top">If there is no such Chairman, or if at any general meeting he is not present within fifteen minutes after the time appointed for holding the meeting or is unwilling to act as chairman, any Director or Person nominated
by the Directors shall preside as chairman, failing which the Members present in person or by proxy shall choose any Person present to be chairman of that meeting. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">88.</TD>
<TD ALIGN="left" VALIGN="top">The chairman may adjourn a meeting from time to time and from place to place either: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">with the consent of any general meeting at which a quorum is present (and shall if so directed by the meeting); or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">without the consent of such meeting if, in his sole opinion, he considers it necessary to do so to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">secure the orderly conduct or proceedings of the meeting; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">give all persons present in person or by proxy and having the right to speak and / or vote at such meeting, the ability to do so, </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">but no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment
took place. When a meeting, or adjourned meeting, is adjourned for fourteen days or more, notice of the adjourned meeting shall be given in the manner provided for the original meeting. Save as aforesaid, it shall not be necessary to give any notice
of an adjournment or of the business to be transacted at an adjourned meeting. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">89.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">At any general meeting a resolution put to the vote of the meeting shall be decided on a show of hands, unless a
poll is (before or on the declaration of the result of the show of hands) demanded </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
by the chairman or one or more Members present in person or by proxy entitled to vote, and unless a poll is so demanded, a declaration by the chairman that a resolution has, on a show of hands,
been carried, or carried unanimously, or by a particular majority, or lost, and an entry to that effect in the book of the proceedings of the Company, shall be conclusive evidence of the fact, without proof of the number or proportion of the votes
recorded in favour of, or against, that resolution. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">90.</TD>
<TD ALIGN="left" VALIGN="top">If a poll is duly demanded it shall be taken in such manner as the chairman directs, and the result of the poll shall be deemed to be the resolution of the meeting at which the poll was demanded. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">91.</TD>
<TD ALIGN="left" VALIGN="top">[Reserved.] </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">92.</TD>
<TD ALIGN="left" VALIGN="top">A poll demanded on the election of a chairman of the meeting or on a question of adjournment shall be taken forthwith. A poll demanded on any other question shall be taken at such time as the chairman of the meeting
directs. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>VOTES OF MEMBERS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">93.</TD>
<TD ALIGN="left" VALIGN="top">Subject to these Articles and any rights and restrictions for the time being attached to any Share, on a show of hands every Member present in person and every Person representing a Member by proxy shall, at a general
meeting of the Company, each have one vote and on a poll every Member and every Person representing a Member by proxy shall have one vote for each Share of which he or the Person represented by proxy is the holder. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">94.</TD>
<TD ALIGN="left" VALIGN="top">In the case of joint holders the vote of the senior who tenders a vote whether in person or by proxy shall be accepted to the exclusion of the votes of the other joint holders and for this purpose seniority shall be
determined by the order in which the names stand in the Register. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">95.</TD>
<TD ALIGN="left" VALIGN="top">A Member of unsound mind, or in respect of whom an order has been made by any court having jurisdiction in lunacy, may vote in respect of Shares carrying the right to vote held by him, whether on a show of hands or on a
poll, by his committee, or other Person in the nature of a committee appointed by that court, and any such committee or other Person, may vote in respect of such Shares by proxy. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">96.</TD>
<TD ALIGN="left" VALIGN="top">No Member shall be entitled to vote at any general meeting of the Company unless all calls, if any, or other sums presently payable by him in respect of Shares carrying the right to vote held by him have been paid.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">97.</TD>
<TD ALIGN="left" VALIGN="top">On a poll votes may be given either personally or by proxy. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">98.</TD>
<TD ALIGN="left" VALIGN="top">The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing or, if the appointor is a corporation, either under Seal or under the hand of an
Officer or attorney duly authorised. A proxy need not be a Member. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">99.</TD>
<TD ALIGN="left" VALIGN="top">An instrument appointing a proxy may be in any usual or common form or such other form as the Directors may approve. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">100.</TD>
<TD ALIGN="left" VALIGN="top">The instrument appointing a proxy shall be deposited at the Office or at such other place as is specified for that purpose in the notice convening the meeting no later than the time for holding the meeting or, if the
meeting is adjourned, the time for holding such adjourned meeting. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">101.</TD>
<TD ALIGN="left" VALIGN="top">The instrument appointing a proxy shall be deemed to confer authority to demand or join in demanding a poll. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">102.</TD>
<TD ALIGN="left" VALIGN="top">A resolution in writing signed by all the Members for the time being entitled to receive notice of and to attend and vote at general meetings of the Company (or being corporations by their duly authorised
representatives) shall be as valid and effective as if the same had been passed at a general meeting of the Company duly convened and held. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">103.</TD>
<TD ALIGN="left" VALIGN="top">The Company shall not sell or issue any New Securities without first obtaining the approval (by vote or written consent, as provided by applicable Laws or the Articles) of the Shareholders holding at least 66.7% of the
then total issued and outstanding Ordinary Shares held by all Shareholders. The Company shall not sell or issue any New Securities at a purchase price that has a <FONT STYLE="white-space:nowrap">pre-money</FONT> valuation of the Company of less than
US$6&nbsp;billion without first obtaining the approval (by vote or written consent, as provided by applicable Laws or the Articles) of the Shareholders holding at least 90% of the then total issued and outstanding Ordinary Shares held by all
Shareholders. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">104.</TD>
<TD ALIGN="left" VALIGN="top">Without prejudice to Article 103 above, the Company shall not, and shall not permit any other applicable Group Company to, unless expressly permitted under these Articles or the Shareholders Agreement, carry out any of
the following actions involving itself or any of its Subsidiaries as applicable without first obtaining the approval (by vote or written consent, as provided by applicable Laws or the Articles) of the Shareholders holding at least 66.7% of the then
total issued and outstanding Ordinary Shares held by all Shareholders: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">altering or changing the rights, or privileges of the Ordinary Shares or creating (by reclassification or otherwise) any new class or series of shares having rights, preferences or privileges senior to or on a parity
with the Ordinary Shares; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">reclassifying any outstanding Ordinary Shares into shares having rights, preferences or privileges with respect to dividends or assets senior to or on a parity with the Ordinary Shares; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">declaring or paying any dividend or distribution or otherwise redeeming or repurchasing any issued and outstanding shares of the Company; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">making any acquisition, sale of control or assets, merger, consolidation, joint venture or partnership arrangements exceeding the materiality threshold established by the Board from time to time, except pursuant to the
exercise of the Drag-Along Right; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">effecting an increase or reduction of the authorised share capital, <FONT STYLE="white-space:nowrap">split-off,</FONT> <FONT STYLE="white-space:nowrap">spin-off,</FONT> dissolution, liquidation, <FONT
STYLE="white-space:nowrap">winding-up</FONT> or bankruptcy of the Company or any material Subsidiary thereof (for the avoidance of doubt, issuance of any securities under the exceptional proviso of the definition of &#147;New Securities&#148; shall
not be subject to such approvals); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">selling, mortgaging, pledging, leasing, transferring, incurring a lien on or otherwise disposing of substantially all of its assets or any of the assets which are outside the ordinary course of business of the Company
and exceeding the materiality threshold established by the Board from time to time; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">making any material changes to or engaging in any business materially different from the Core Business, or ceasing any material existing business line or activities of the Company; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top">incurring any material indebtedness or assuming any material financial obligation exceeding the materiality threshold established by the Board from time to time and outside the ordinary course of business of the
Company; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">making any capital expenditures or investment in any other company exceeding US$400,000,000 or such other materiality threshold established by the Board from time to time; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top">creating any encumbrance over the whole or part of the share capital, undertaking, material property or material assets of the Company or any material Subsidiary thereof, other than as permitted by the annual budget or
the business and financial plan approved by the Board; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top">increasing or decreasing the authorised size of the Board; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(l)</TD>
<TD ALIGN="left" VALIGN="top">amending or waiving any provision of the Articles in a manner that would alter or change the rights, preferences or privileges of the Ordinary Shares. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">104A.</TD>
<TD ALIGN="left" VALIGN="top">Unless expressly permitted or required under these Articles, the Company shall not, and shall not permit any other applicable Group Company to, make any changes to any of the Control Documents including any transfer or
assignment of any party&#146;s rights and obligations under any of the Control Documents and any appointment of representatives, specified persons or proxies under the Control Documents, except as contemplated by the Tencent Transaction Documents,
without first obtaining the approval (by vote or written consent, as provided by applicable Laws or the Articles) of the Members holding at least 66.7% of the then total issued and outstanding Ordinary Shares. Prior to the earlier of (x)&nbsp;the
completion of a QIPO or (y)&nbsp;the date when the Company becomes subject to the reporting requirements of the Exchange Act or analogous reporting requirements in an alternative listing jurisdiction: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the Company and the Shareholders shall, and shall cause the other applicable Group Companies and their respective Controlled Affiliates or nominee shareholders to, take all actions necessary or desirable in order to
amend the Control Agreements in form and substance approved by Tencent (&#147;<B><U>Amended Control Documents</U></B>&#148;), such that following the entry of the Amended Control Documents by the respective parties thereto, (i)&nbsp;the registered
capital of each of the VIE Affiliates shall be held in the manner as provided in the Amended Control Documents; and (ii)&nbsp;the Company, indirectly through its Subsidiary, shall continue to exercise control over the economic interest in, and the
operations of, the VIE Affiliates, such that the financial statements of the VIE Affiliates can be consolidated with those of the other applicable Group Companies in accordance with the U.S. GAAP; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">in the event that the shareholding percentages of the Shareholders in the Company have changed, at the request of the Company, the Shareholders shall, and shall cause the other applicable Group Companies and their
respective Controlled Affiliates or nominee shareholders to, take all actions necessary or desirable to adjust the corresponding shareholding percentages in each of the VIE Affiliates in a tax efficient manner, such that the shareholding percentages
in each of the VIE Affiliates shall be consistent with those in the Company. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">105.</TD>
<TD ALIGN="left" VALIGN="top">Without prejudice to Article 104 above, the Company shall not, and shall not permit any other Group Company to, carry out any of the following actions involving itself or any of its Subsidiaries without first obtaining
the prior written approval of Tencent: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">any merger, consolidation, transfer of shares or other form of restructuring of the Company involving a Restricted Person; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">any sale of all or substantially all of the assets of the Group Companies to a Restricted Person; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">any issuance of New Securities by the Company to any Restricted Person; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">entering into any joint venture or partnership arrangement with a Restricted Person; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">engaging in any business other than the Core Business. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CORPORATIONS ACTING BY REPRESENTATIVES AT MEETINGS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">106.</TD>
<TD ALIGN="left" VALIGN="top">Any corporation which is a Member or a Director may by resolution of its Directors or other governing body authorise such Person as it thinks fit to act as its representative at any meeting of the Company or of any
meeting of holders of a Class&nbsp;or of the Directors or of a committee of Directors, and the Person so authorised shall be entitled to exercise the same powers on behalf of the corporation which he represents as that corporation could exercise if
it were an individual Member or Director. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DIRECTORS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">107.</TD>
<TD ALIGN="left" VALIGN="top">The authorised number of Directors of the Company shall be nine (9)&nbsp;and the term of a Director shall be three (3)&nbsp;years. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">108.</TD>
<TD ALIGN="left" VALIGN="top">The remuneration of the Directors may be determined by the Directors or by Ordinary Resolution. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">109.</TD>
<TD ALIGN="left" VALIGN="top">There shall be no shareholding qualification for Directors unless determined otherwise by Ordinary Resolution. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">110.</TD>
<TD ALIGN="left" VALIGN="top">Each Member shall be entitled to vote on all matters relating to the election of the Directors of the Company; <U>provided</U> that the rights of the Spotify Investors under Articles 107 through 115 shall in all cases
be subject to the Spotify Investor Agreement. On all matters relating to the election of one or more Directors of the Company, each Shareholder shall vote at the shareholders meetings, or give written consents with respect to all their Ordinary
Shares, to elect Directors to the Board in the following manner: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">(v) five (5) Directors shall be appointed by Tencent and its Affiliates (the &#147;<B><U>Tencent Directors</U></B>&#148;) by notice in writing to the Company as long as Tencent and its Affiliates directly or indirectly
hold no less than 50% of the Company&#146;s issued and outstanding share capital; (w)&nbsp;four (4) Directors shall be appointed by Tencent and its Affiliates by notice in writing to the Company as long as Tencent and its Affiliates directly or
indirectly hold 35% or more than 35% but less than 50% of the Company&#146;s issued and outstanding share capital; (x)&nbsp;three (3) Directors shall be appointed by Tencent and its Affiliates by notice in writing to the Company as long as Tencent
and its Affiliates directly or indirectly hold 25% or more than 25% but less than 35% of the Company&#146;s issued and outstanding share capital; (y)&nbsp;two (2) Directors shall be appointed by Tencent and its Affiliates by notice in writing to the
Company as long as Tencent and its Affiliates directly or indirectly hold 10% or more than 10% but less than 25% of the Company&#146;s issued and outstanding share capital; and (z)&nbsp;one (1) Director shall be appointed by Tencent and its
Affiliates by notice in writing to the Company as long as Tencent and its Affiliates directly or indirectly hold 5% or more than 5% but less than 10% of the Company&#146;s issued and outstanding share capital. For the avoidance of doubt, subclauses
(v), (w), (x), (y) and (z)&nbsp;are mutually exclusive; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">(w) four (4) Directors shall be appointed by all Shareholders other than Tencent and its Affiliates (such other
Shareholders, the &#147;<B><U>Non-Tencent Shareholders</U></B>&#148;) to the Company as long as the holders of Ordinary Shares other than Tencent and its Affiliates collectively hold not less than 35% of the Company&#146;s issued and outstanding
share capital; (x)&nbsp;three (3) Directors shall be appointed by all Non-Tencent Shareholders by notice in writing to the Company as long as the holders of Ordinary Shares other than Tencent and its Affiliates collectively hold 25% or more than 25%
but less than 35% of the Company&#146;s </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
issued and outstanding share capital; (y)&nbsp;two (2) Directors shall be appointed by all Non-Tencent Shareholders by notice in writing to the Company as long as the holders of Ordinary Shares
other than Tencent and its Affiliates collectively hold 10% or more than 10% but less than 25% of the Company&#146;s issued and outstanding share capital; and (z)&nbsp;one (1) Director shall be appointed by all Non-Tencent Shareholders by notice in
writing to the Company as long as the holders of Ordinary Shares other than Tencent and its Affiliates collectively hold 5% or more than 5% but less than 10% of the Company&#146;s issued and outstanding share capital. For the avoidance of doubt,
subclauses (w), (x), (y) and (z)&nbsp;are mutually exclusive. In the event that subclause (w)&nbsp;applies, the four (4)&nbsp;Directors shall be appointed as follows: (i)&nbsp;each Key Management shall be a Director as long as (A)&nbsp;such Key
Management continues to hold not less than 70% of the Ordinary Shares held by such Key Management as of the date of the Shareholders Agreement; and (B)&nbsp;such Key Management remains as an officer or employee of any Group Company and complies with
the provisions under Article 116 hereof (for the avoidance of doubt, (A)&nbsp;the failure of any one Key Management to meet the foregoing qualification requirements will not result in the other Key Management forfeiting his right to serve as a
Director of the Company if the other Key Management satisfies the foregoing qualification requirements; and (B)&nbsp;upon the occurrence of any Shortened <FONT STYLE="white-space:nowrap">Lock-up</FONT> Triggering Event with respect to any Key
Management, such Key Management&#146;s right to serve as a director of the Company shall be immediately forfeited); and (ii)&nbsp;the remaining two (2)&nbsp;Directors shall be appointed by the Shareholders holding the largest and the second largest
portion of the Company&#146;s share capital, other than Tencent, the Key Management and, for the avoidance of doubt, the Spotify Investors, respectively (such Shareholder holding the largest portion, the &#147;<U><B>Largest Financial
Investor</B></U>&#148;; and such Shareholder holding the second largest portion, the &#147;<B><U>Second Largest Financial Investor</U></B>&#148;) by notice in writing, as long as the Largest Financial Investor and the Second Largest Financial
Investor each holds not less than 5% of the Company&#146;s issued and outstanding share capital (for the avoidance of doubt, the failure of the Largest Financial Investor to meet the foregoing qualification requirement will not result in the Second
Largest Financial Investor forfeiting its right to appoint a director of the Company if the Second Largest Financial Investor satisfies the foregoing qualification requirement, and vice versa); <U>provided</U> that if (i)&nbsp;any one of the Key
Management fails to satisfy the qualification requirements as described in this Article 110(b) for him to serve as a Director to the Board or loses the director seat upon the occurrence of any Shortened
<FONT STYLE="white-space:nowrap">Lock-up</FONT> Triggering Event, or (ii)&nbsp;either the Largest Financial Investor or the Second Largest Financial Investor holds less than 5% of the Company&#146;s issued and outstanding share capital, the
Non-Tencent Shareholders shall hold a special meeting to fill the vacancy of the Board as a result thereof, and any Shareholder who has obtained the highest vote at such special meeting shall have the right to appoint one (1)&nbsp;Director to fill
in such vacant Director seat. In the event that subclause (x), (y) or (z)&nbsp;applies, the Non-Tencent Shareholders shall hold a special meeting, on which meeting each Non-Tencent Shareholder has the right to nominate three (3), two (2)&nbsp;or one
(1)&nbsp;candidates, as applicable, and the candidate(s) who have received the highest votes of the Non-Tencent Shareholders at such special meeting shall serve as the three (3), two (2)&nbsp;or one (1)&nbsp;directors, as applicable;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">one of the Tencent Directors shall be the Chairman of the Board as long as Tencent holds not less than 35% of the Company&#146;s issued and outstanding share capital; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">each Shareholder shall vote in favour of the appointee as indicated above to ensure that any such appointment, of a Director appointed pursuant to this Article 110 shall be made in accordance with this Article 110 as
soon as practicable after the relevant notice in writing is delivered to the Company. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the definition of
Affiliates, for purposes of this Article 110, Affiliates of Tencent shall exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">111.</TD>
<TD ALIGN="left" VALIGN="top">Each Shareholder shall have the right to require the removal or replacement of a Director appointed by it at any time. Each Shareholder agrees that, if at any time it is then entitled to vote for the removal of
Directors from the Board, it shall not vote any of its Ordinary Shares or execute proxies or written consents, as the case may be, in favour of the removal of any Director who shall have been designated pursuant to Article 110 or Article 112, unless
the person or persons entitled to appoint such Director pursuant to Article 110 shall have consented to such removal in writing; <U>provided</U> that, if the person or persons entitled to appoint any Director pursuant to Article 110 shall request in
writing the removal, with or without cause, of such Director, each Shareholder shall vote all of its Ordinary Shares or execute proxies or written consents, as the case may be, in favour of such removal. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">112.</TD>
<TD ALIGN="left" VALIGN="top">If, as a result of death, disability, retirement, resignation, removal or otherwise, there shall exist or occur any vacancy on the Board: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the person or persons entitled under Article 110 to designate such Director whose death, disability, retirement, resignation or removal resulted in such vacancy, subject to the provisions of Article 110, shall have the
exclusive right to designate another individual (the &#147;<B><U>Replacement Nominee</U></B>&#148;) to fill such vacancy and serve as a Director on the Board; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">subject to Article 110, each Shareholder agrees that if it is then entitled to vote for the election of Directors to the Board, it shall vote all of its Ordinary Shares, or execute proxies or written consents, as the
case may be, in order to ensure that the Replacement Nominee be elected to the Board. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">113.</TD>
<TD ALIGN="left" VALIGN="top">The Board may establish such committees with such powers as may be permitted by applicable Law and the Articles; <U>provided</U> that any such committees shall be subject to the direction of and any policies adopted by
the Board. Unless otherwise prohibited by applicable Law, as long as Tencent directly or indirectly holds no less than 50% of the Company&#146;s issued and outstanding share capital, at least a majority of the members of each such committee shall be
the Tencent Directors. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">114.</TD>
<TD ALIGN="left" VALIGN="top">The Company and the Shareholders shall, unless otherwise prohibited by applicable Law, and to the extent agreed by the relevant Directors, cause the board of directors of each other Group Company to consist of the same
persons as those Directors then on the Board. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">115.</TD>
<TD ALIGN="left" VALIGN="top">Each Shareholder shall cause the Directors appointed by it to vote at the Board meetings to ensure that the candidates nominated by Tencent be appointed as the chief executive officer, the chief financial officer and
the general counsel of the Company. The chief financial officer of the Company and the general counsel of the Company shall report to the chief executive officer of the Company. The chief financial officer of Tencent Holdings Limited shall have the
consultation right to discuss and consult with the chief financial officer of the Company regarding the business, operations, affairs, finances and accounts of the Group Companies and to examine the books of account and records of the Group
Companies at any time. The chief financial officer of the Company shall work closely with the chief financial officer of Tencent Holdings Limited to ensure compliance with the requirement of Tencent Holdings Limited regarding the treasury and
financing policies of Tencent Holdings Limited, and those financial policies related to compliance under the rules of The Stock Exchange of Hong Kong Limited. The general counsel of the Company (the &#147;<B><U>Company GC</U></B>&#148;) will work
closely with the general counsel of Tencent Holdings Limited (the &#147;<B><U>Tencent GC</U></B>&#148;) so as to ensure full compliance with all applicable requirements of The Stock Exchange of Hong Kong Limited, and the Tencent GC shall have the
right to discuss and consult with the Company GC regarding the Company&#146;s legal function and legal strategy, including without limitation matters relating to litigation, intellectual property and regulatory compliance. The remaining senior
management members of the Company shall be proposed by the chief executive officer of the Company and appointed by the Board. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">116.</TD>
<TD ALIGN="left" VALIGN="top">Each Key Management shall, for so long as he remains an officer or employee of any Group Company, manage the affairs of the Group Companies on a full time basis and be fully devoted to developing and operating the
business of the Group Companies and will not pursue any other business or investment interests, or any other opportunities outside of the Group Companies. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ALTERNATE DIRECTOR </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">117.</TD>
<TD ALIGN="left" VALIGN="top">Any Director may in writing appoint another Person to be his alternate and, save to the extent provided otherwise in the form of appointment, such alternate shall have authority to sign written resolutions on behalf of
the appointing Director, but shall not be authorised to sign such written resolutions where they have been signed by the appointing Director, and to act in such Director&#146;s place at any meeting of the Directors. Every such alternate shall be
entitled to attend and vote at meetings of the Directors as the alternate of the Director appointing him and where he is a Director to have a separate vote in addition to his own vote. A Director may at any time in writing revoke the appointment of
an alternate appointed by him. Such alternate shall not be an Officer solely as a result of his appointment as an alternate other than in respect of such times as the alternate acts as a Director. The remuneration of such alternate shall be payable
out of the remuneration of the Director appointing him and the proportion thereof shall be agreed between them. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>POWERS
AND DUTIES OF DIRECTORS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">118.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the Companies Law, these Articles and to any resolutions passed in a general meeting, the business of the Company shall be managed by the Directors, who may pay all expenses incurred in setting up and
registering the Company and may exercise all powers of the Company. No resolution passed by the Company in general meeting shall invalidate any prior act of the Directors that would have been valid if that resolution had not been passed.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">119.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Article 110, the Directors may from time to time appoint any Person, whether or not a Director to hold such office in the Company as the Directors may think necessary for the administration of the Company,
including but not limited to, the office of president, one or more vice-presidents, treasurer, assistant treasurer, manager or controller, and for such term and at such remuneration (whether by way of salary or commission or participation in profits
or partly in one way and partly in another), and with such powers and duties as the Directors may think fit. Any Person so appointed by the Directors may be removed by the Directors or by the Company by Ordinary Resolution. The Directors may also
appoint one or more of their number to the office of managing Director upon like terms, but any such appointment shall ipso facto terminate if any managing Director ceases from any cause to be a Director, or if the Company by Ordinary Resolution
resolves that his tenure of office be terminated. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">120.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may appoint any Person to be a Secretary (and if need be an assistant Secretary or assistant Secretaries) who shall hold office for such term, at such remuneration and upon such conditions and with such
powers as they think fit. Any Secretary or assistant Secretary so appointed by the Directors may be removed by the Directors or by the Company by Ordinary Resolution. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">121.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Article 113, the Directors may delegate any of their powers to committees; any committee so formed shall in the exercise of the powers so delegated conform to any regulations that may be imposed on it by the
Directors. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">122.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Directors may from time to time and at any time by power of attorney (whether under Seal or under hand) or
otherwise appoint any company, firm or Person or body of Persons, whether nominated directly or indirectly by the Directors, to be the attorney or attorneys or authorised signatory (any such person being an &#147;<B>Attorney</B>&#148; or
&#147;<B>Authorised Signatory</B>&#148;, respectively) of the Company for such purposes and with such powers, authorities and discretion (not exceeding those vested in or exercisable by the Directors under these Articles) and for such period and
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
subject to such conditions as they may think fit, and any such power of attorney or other appointment may contain such provisions for the protection and convenience of Persons dealing with any
such Attorney or Authorised Signatory as the Directors may think fit, and may also authorise any such Attorney or Authorised Signatory to delegate all or any of the powers, authorities and discretion vested in him. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">123.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may from time to time provide for the management of the affairs of the Company in such manner as they shall think fit and the provisions contained in the three next following Articles shall not limit the
general powers conferred by this Article. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">124.</TD>
<TD ALIGN="left" VALIGN="top">The Directors from time to time and at any time may establish any local boards or agencies for managing any of the affairs of the Company and may appoint any Person to be a member of such local boards and may appoint
any managers or agents of the Company and may fix the remuneration of any such Person. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">125.</TD>
<TD ALIGN="left" VALIGN="top">The Directors from time to time and at any time may delegate to any such local board, manager or agent any of the powers, authorities and discretions for the time being vested in the Directors and may authorise the
members for the time being of any such local board, or any of them to fill any vacancies therein and to act notwithstanding vacancies and any such appointment or delegation may be made on such terms and subject to such conditions as the Directors
may think fit and the Directors may at any time remove any Person so appointed and may annul or vary any such delegation, but no Person dealing in good faith and without notice of any such annulment or variation shall be affected thereby.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">126.</TD>
<TD ALIGN="left" VALIGN="top">Any such delegates as aforesaid may be authorised by the Directors to <FONT STYLE="white-space:nowrap">sub-delegate</FONT> all or any of the powers, authorities, and discretion for the time being vested in them.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">127.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may agree with a Member to waive or modify the terms applicable to such Member&#146;s subscription for Shares without obtaining the consent of any other Member; <U>provided</U> that such waiver or
modification does not amount to a variation or abrogation of the rights attaching to the Shares of such other Members. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">127A.</TD>
<TD ALIGN="left" VALIGN="top">Without limiting any other provision of the Shareholders Agreement and these Articles, prior to earlier of (x)&nbsp;the completion of a QIPO or (y)&nbsp;the date when the Company becomes subject to the reporting
requirements of the Exchange Act or analogous reporting requirements in an alternative listing jurisdiction, other than as expressly provided in the Shareholders Agreement, these Articles, the Tencent Transaction Documents, or the Spotify
Subscription Agreement or the other agreements, documents or instruments executed and delivered in connection with the transactions contemplated by the Spotify Subscription Agreement, and except for all the existing Related Party Transactions as of
the date of the Shareholders Agreement (each, an &#147;<B>Excluded Related Party Transaction</B>&#148;), (i) any Related Party Transaction that involves a transaction value in excess of RMB35,000,000 individually or RMB150,000,000 in the aggregate
during any twelve (12)-month period shall be approved by at least 50% of the directors who are not interested in such Related Party Transaction before any Group Company may carry out or agree to carry out such Related Party Transaction;
(ii)&nbsp;the Company shall provide a semi-annual written report to all directors of all the Related Party Transactions which the Company or other Group Companies entered into during the past six months (other than any Related Party Transaction
approved pursuant to clause (i)&nbsp;as described above and any Excluded Related Party Transaction) setting out material terms and conditions of such Related Party Transactions in reasonable detail. A majority of the directors of the Company who are
not interested in a Related Party Transaction (a)&nbsp;may request the management of the Company to provide any further information on such Related Party Transaction, (b)&nbsp;may oppose such Related Party Transaction (other than any Related Party
Transaction approved pursuant to clause (i)&nbsp;as described above and any Excluded Related Party Transaction), and (c)&nbsp;shall have the right to give direction to the Company to terminate such Related Party Transaction if such <FONT
STYLE="white-space:nowrap">non-interested</FONT> directors determine in good faith and consistent with their fiduciary duties that such Related Party Transaction is not on arm&#146;s </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
length basis and is not in the best interest of the Company, upon receipt of which direction the Company shall, and the Members shall procure the Company to, take all necessary actions to
terminate such Related Party Transaction. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BORROWING POWERS OF DIRECTORS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">128.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may exercise all the powers of the Company to borrow money and to mortgage or charge its undertaking, property and uncalled capital or any part thereof, or to otherwise provide for a security interest to
be taken in such undertaking, property or uncalled capital, and to issue debentures, debenture stock and other securities whenever money is borrowed or as security for any debt, liability or obligation of the Company or of any third party.
</TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE SEAL </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">129.</TD>
<TD ALIGN="left" VALIGN="top">The Seal shall not be affixed to any instrument except by the authority of a resolution of the Directors <U>provided</U> always that such authority may be given prior to or after the affixing of the Seal and if given
after may be in general form confirming a number of affixings of the Seal. The Seal shall be affixed in the presence of a Director or a Secretary (or an assistant Secretary) or in the presence of any one or more Persons as the Directors may appoint
for the purpose and every Person as aforesaid shall sign every instrument to which the Seal is so affixed in their presence. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">130.</TD>
<TD ALIGN="left" VALIGN="top">The Company may maintain a facsimile of the Seal in such countries or places as the Directors may appoint and such facsimile Seal shall not be affixed to any instrument except by the authority of a resolution of the
Directors <U>provided</U> always that such authority may be given prior to or after the affixing of such facsimile Seal and if given after may be in general form confirming a number of affixings of such facsimile Seal. The facsimile Seal shall be
affixed in the presence of such Person or Persons as the Directors shall for this purpose appoint and such Person or Persons as aforesaid shall sign every instrument to which the facsimile Seal is so affixed in their presence and such affixing of
the facsimile Seal and signing as aforesaid shall have the same meaning and effect as if the Seal had been affixed in the presence of and the instrument signed by a Director or a Secretary (or an assistant Secretary) or in the presence of any one or
more Persons as the Directors may appoint for the purpose. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">131.</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the foregoing, a Secretary or any assistant Secretary shall have the authority to affix the Seal, or the facsimile Seal, to any instrument for the purposes of attesting authenticity of the matter
contained therein but which does not create any obligation binding on the Company. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REMOVAL AND DISQUALIFICATION OF
DIRECTORS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">132.</TD>
<TD ALIGN="left" VALIGN="top">Any Member may from time to time remove any Director appointed by such Member by serving a ten (10)&nbsp;day advance notice to the Company. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">133.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Articles 111, 112 and 132, the office of Director shall be vacated, if the Director: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">becomes bankrupt or makes any arrangement or composition with his creditors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">dies or is found to be or becomes of unsound mind; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">resigns his office by notice in writing to the Company; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">is removed from office pursuant to any other provision of these Articles. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROCEEDINGS OF DIRECTORS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">134.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may meet together (either within or outside the Cayman Islands) for the despatch of business, adjourn, and otherwise regulate their meetings and proceedings as they think fit. Questions arising at any
meeting shall be decided by a majority of votes of the Directors present at the meeting. A Director may, and a Secretary or assistant Secretary on the requisition of a Director shall, at any time summon a meeting of the Directors. Notice of a Board
meeting shall be given five calendar days prior to the meeting counting from the date service is deemed to take place as provided in these Articles. Notice of a Board meeting shall be deemed to be duly given to a Director if it is given to such
Director verbally (including in person or by telephone) or otherwise communicated or sent to such Director by post, electronic means or other mode of representing words in a visible form at such Director&#146;s last known address or in accordance
with any other instructions given by such Director to the Company for this purpose. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">135.</TD>
<TD ALIGN="left" VALIGN="top">A Director may participate in any meeting of the Directors, or of any committee appointed by the Directors of which such Director is a member, by means of telephone or similar communication equipment by way of which all
Persons participating in such meeting can communicate with each other and such participation shall be deemed to constitute presence in person at the meeting. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">136.</TD>
<TD ALIGN="left" VALIGN="top">The quorum necessary for the transaction of the business of the Directors at a board meeting shall be seven (7)&nbsp;Directors; <U>provided</U> that if the quorum is not present within half an hour from the time
appointed for such meeting, such meeting shall be adjourned to the fifth (5th) following calendar day at the same time and place (or to such other time or such other place as the directors may determine) and at such adjourned meeting, the quorum
necessary for the transaction of the business of the Directors at such adjourned board meeting shall be five (5)&nbsp;Directors. If within half an hour from the time appointed for the adjourned meeting such quorum is not present, the meeting shall
be dissolved. A Director represented by an alternate Director at any meeting shall be deemed to be present for the purposes of determining whether or not a quorum is present. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">137.</TD>
<TD ALIGN="left" VALIGN="top">A Director who is in any way, whether directly or indirectly, interested in a contract or proposed contract with the Company shall declare the nature of his interest at a meeting of the Directors. A general notice given
to the Directors by any Director to the effect that he is to be regarded as interested in any contract or other arrangement which may thereafter be made with that company or firm shall be deemed a sufficient declaration of interest in regard to any
contract so made. A Director may vote in respect of any contract or proposed contract or arrangement notwithstanding that he may be interested therein and if he does so his vote shall be counted and he may be counted in the quorum at any meeting of
the Directors at which any such contract or proposed contract or arrangement shall come before the meeting for consideration. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">138.</TD>
<TD ALIGN="left" VALIGN="top">A Director may hold any other office or place of profit under the Company (other than the office of auditor) in conjunction with his office of Director for such period and on such terms (as to remuneration and
otherwise) as the Directors may determine and no Director or intending Director shall be disqualified by his office from contracting with the Company either with regard to his tenure of any such other office or place of profit or as vendor,
purchaser or otherwise, nor shall any such contract or arrangement entered into by or on behalf of the Company in which any Director is in any way interested, be liable to be avoided, nor shall any Director so contracting or being so interested be
liable to account to the Company for any profit realised by any such contract or arrangement by reason of such Director holding that office or of the fiduciary relation thereby established. A Director, notwithstanding his interest, may be counted in
the quorum present at any meeting of the Directors whereat he or any other Director is appointed to hold any such office or place of profit under the Company or whereat the terms of any such appointment are arranged and he may vote on any such
appointment or arrangement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">139.</TD>
<TD ALIGN="left" VALIGN="top">Any Director may act by himself or his firm in a professional capacity for the Company, and he or his firm shall be entitled to remuneration for professional services as if he were not a Director; <U>provided</U> that
nothing herein contained shall authorise a Director or his firm to act as auditor to the Company. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">140.</TD>
<TD ALIGN="left" VALIGN="top">The Directors shall cause minutes to be made in books or loose-leaf folders provided for the purpose of recording: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">all appointments of Officers made by the Directors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the names of the Directors present at each meeting of the Directors and of any committee of the Directors; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">all resolutions and proceedings at all meetings of the Company, and of the Directors and of committees of Directors. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">141.</TD>
<TD ALIGN="left" VALIGN="top">When the chairman of a meeting of the Directors signs the minutes of such meeting the same shall be deemed to have been duly held notwithstanding that all the Directors have not actually come together or that there may
have been a technical defect in the proceedings. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">142.</TD>
<TD ALIGN="left" VALIGN="top">A resolution in writing signed by all the Directors or all the members of a committee of Directors entitled to receive notice of a meeting of Directors or committee of Directors, as the case may be (an alternate
Director, subject as provided otherwise in the terms of appointment of the alternate Director, being entitled to sign such a resolution on behalf of his appointer), shall be as valid and effectual as if it had been passed at a duly called and
constituted meeting of Directors or committee of Directors, as the case may be. When signed a resolution may consist of several documents each signed by one or more of the Directors or his duly appointed alternate. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">143.</TD>
<TD ALIGN="left" VALIGN="top">The Chairman shall preside as chairman at every board meeting of the Company. If there is no such Chairman, or if at any meeting the Chairman is not present within fifteen minutes after the time appointed for holding
the meeting, the Directors present may choose one of their number to be chairman of the meeting. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">144.</TD>
<TD ALIGN="left" VALIGN="top">Subject to any regulations imposed on it by the Directors, a committee appointed by the Directors may elect a chairman of its meetings. If no such chairman is elected, or if at any meeting the chairman is not present
within fifteen minutes after the time appointed for holding the meeting, the committee members present may choose one of their number to be chairman of the meeting. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">145.</TD>
<TD ALIGN="left" VALIGN="top">A committee appointed by the Directors may meet and adjourn as it thinks proper. Subject to any regulations imposed on it by the Directors, questions arising at any meeting shall be determined by a majority of votes of
the committee members present. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">146.</TD>
<TD ALIGN="left" VALIGN="top">All acts done by any meeting of the Directors or of a committee of Directors, or by any Person acting as a Director, shall notwithstanding that it be afterwards discovered that there was some defect in the appointment
of any such Director or Person acting as aforesaid, or that they or any of them were disqualified, be as valid as if every such Person had been duly appointed and was qualified to be a Director. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DIVIDENDS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">147.</TD>
<TD ALIGN="left" VALIGN="top">Subject to any rights and restrictions for the time being attached to any Shares, or as otherwise provided for in the Companies Law and these Articles, the Directors may from time to time declare dividends (including
interim dividends) and other distributions on Shares in issue and authorise payment of the same out of the funds of the Company lawfully available therefor. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">148.</TD>
<TD ALIGN="left" VALIGN="top">Subject to any rights and restrictions for the time being attached to any Shares and to Article 104, the Company by Ordinary Resolution may declare dividends, but no dividend shall exceed the amount recommended by the
Directors. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">149.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may determine, before recommending or declaring any dividend, to set aside out of the funds legally available for distribution such sums as they think proper as a reserve or reserves which shall be
applicable for meeting contingencies, or for equalising dividends or for any other purpose to which those funds may be properly applied and pending such application may, at the determination of the Directors, either be employed in the business of
the Company or be invested in such investments as the Directors may from time to time think fit. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">150.</TD>
<TD ALIGN="left" VALIGN="top">Any dividend may be paid in any manner as the Directors may determine. If paid by cheque it will be sent through the post to the registered address of the Member or Person entitled thereto, or in the case of joint
holders, to any one of such joint holders at his registered address or to such Person and such address as the Member or Person entitled, or such joint holders as the case may be, may direct. Every such cheque shall be made payable to the order of
the Person to whom it is sent or to the order of such other Person as the Member or Person entitled, or such joint holders as the case may be, may direct. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">151.</TD>
<TD ALIGN="left" VALIGN="top">The Directors when paying dividends to the Members in accordance with the foregoing provisions of these Articles may make such payment either in cash or in specie and may determine the extent to which amounts may be
withheld therefrom (including, without limitation, any taxes, fees, expenses or other liabilities for which a Member (or the Company, as a result of any action or inaction of the Member) is liable). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">152.</TD>
<TD ALIGN="left" VALIGN="top">Subject to any rights and restrictions for the time being attached to any Shares, all dividends shall be declared and paid according to the amounts paid up on the Shares, but if and for so long as nothing is paid up on
any of the Shares dividends may be declared and paid according to the par value of the Shares. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">153.</TD>
<TD ALIGN="left" VALIGN="top">If several Persons are registered as joint holders of any Share, any of them may give effectual receipts for any dividend or other moneys payable on or in respect of the Share. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">154.</TD>
<TD ALIGN="left" VALIGN="top">No dividend shall bear interest against the Company. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ACCOUNTS, AUDIT AND ANNUAL RETURN AND
DECLARATION </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">155.</TD>
<TD ALIGN="left" VALIGN="top">The books of account relating to the Company&#146;s affairs shall be kept in such manner as may be determined from time to time by the Directors. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">156.</TD>
<TD ALIGN="left" VALIGN="top">The books of account shall be kept at the Office, or at such other place or places as the Directors think fit, and shall always be open to the inspection of the Directors. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">157.</TD>
<TD ALIGN="left" VALIGN="top">The Directors may from time to time determine whether and to what extent and at what times and places and under what conditions or regulations the accounts and books of the Company or any of them shall be open to the
inspection of Members not being Directors, and no Member (not being a Director) shall have any right of inspecting any account or book or document of the Company except as conferred by law or authorised by the Directors or by Ordinary Resolution.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">158.</TD>
<TD ALIGN="left" VALIGN="top">The accounts relating to the Company&#146;s affairs shall only be audited if the Directors so determine, in which case the financial year end and the accounting principles will be determined by the Directors.
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">159.</TD>
<TD ALIGN="left" VALIGN="top">The Directors in each year shall prepare, or cause to be prepared, an annual return and declaration setting forth the particulars required by the Companies Law and deliver a copy thereof to the Registrar of Companies in
the Cayman Islands. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CAPITALISATION OF RESERVES </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">160.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the Companies Law and these Articles, the Directors may: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">resolve to capitalise an amount standing to the credit of reserves (including a Share Premium Account, capital redemption reserve and profit and loss account), whether or not available for distribution;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">appropriate the sum resolved to be capitalised to the Members in proportion to the nominal amount of Shares (whether or not fully paid) held by them respectively and apply that sum on their behalf in or towards:
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">paying up the amounts (if any) for the time being unpaid on Shares held by them respectively, or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">paying up in full unissued Shares or debentures of a nominal amount equal to that sum, </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">and
allot the Shares or debentures, credited as fully paid, to the Members (or as they may direct) in those proportions, or partly in one way and partly in the other, but the Share Premium Account, the capital redemption reserve and profits which are
not available for distribution may, for the purposes of this Article, only be applied in paying up unissued Shares to be allotted to Members credited as fully paid; </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">make any arrangements they think fit to resolve a difficulty arising in the distribution of a capitalised reserve and in particular, without limitation, where Shares or debentures become distributable in fractions the
Directors may deal with the fractions as they think fit; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">authorise a Person to enter (on behalf of all the Members concerned) into an agreement with the Company providing for either: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the allotment to the Members respectively, credited as fully paid, of Shares or debentures to which they may be entitled on the capitalisation, or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">the payment by the Company on behalf of the Members (by the application of their respective proportions of the reserves resolved to be capitalised) of the amounts or part of the amounts remaining unpaid on their
existing Shares, </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">and any such agreement made under this authority being effective and binding on all those Members; and </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">generally do all acts and things required to give effect to any of the actions contemplated by this Article. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SHARE PREMIUM ACCOUNT </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">161.</TD>
<TD ALIGN="left" VALIGN="top">The Directors shall in accordance with the Companies Law establish a Share Premium Account and shall carry to the credit of such account from time to time a sum equal to the amount or value of the premium paid on the
issue of any Share. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">162.</TD>
<TD ALIGN="left" VALIGN="top">There shall be debited to any Share Premium Account on the redemption or purchase of a Share the difference between the nominal value of such Share and the redemption or purchase price <U>provided</U> always that at the
determination of the Directors such sum may be paid out of the profits of the Company or, if permitted by the Companies Law, out of capital. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOTICES </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">163.</TD>
<TD ALIGN="left" VALIGN="top">Any notice or document may be served by the Company or by the Person entitled to give notice to any Member either personally, or by posting it airmail or air courier service in a prepaid letter addressed to such Member
at his address as appearing in the Register, or by electronic mail to any electronic mail address such Member may have specified in writing for the purpose of such service of notices, or by facsimile should the Directors deem it appropriate. In the
case of joint holders of a Share, all notices shall be given to that one of the joint holders whose name stands first in the Register in respect of the joint holding, and notice so given shall be sufficient notice to all the joint holders.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">164.</TD>
<TD ALIGN="left" VALIGN="top">Any Member present, either personally or by proxy, at any meeting of the Company shall for all purposes be deemed to have received due notice of such meeting and, where requisite, of the purposes for which such meeting
was convened. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">165.</TD>
<TD ALIGN="left" VALIGN="top">Any notice or other document, if served by: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">post, shall be deemed to have been served five clear days after the time when the letter containing the same is posted; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">facsimile, shall be deemed to have been served upon production by the transmitting facsimile machine of a report confirming transmission of the facsimile in full to the facsimile number of the recipient;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">recognised courier service, shall be deemed to have been served 48 hours after the time when the letter containing the same is delivered to the courier service; or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">electronic mail, shall be deemed to have been served immediately upon the time of the transmission by electronic mail. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">In proving service by post or courier service it shall be sufficient to prove that the letter containing the notice or documents was properly addressed and duly posted or delivered to the courier service.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">166.</TD>
<TD ALIGN="left" VALIGN="top">Any notice or document delivered or sent in accordance with the terms of these Articles shall notwithstanding that such Member be then dead or bankrupt, and whether or not the Company has notice of his death or
bankruptcy, be deemed to have been duly served in respect of any Share registered in the name of such Member as sole or joint holder, unless his name shall at the time of the service of the notice or document, have been removed from the Register as
the holder of the Share, and such service shall for all purposes be deemed a sufficient service of such notice or document on all Persons interested (whether jointly with or as claiming through or under him) in the Share. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">167.</TD>
<TD ALIGN="left" VALIGN="top">Notice of every general meeting of the Company shall be given to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">all Members holding Shares with the right to receive notice and who have supplied to the Company an address for the giving of notices to them; and </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">every Person entitled to a Share in consequence of the death or bankruptcy of a Member, who but for his death or bankruptcy would be entitled to receive notice of the meeting. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">No other Person shall be entitled to receive notices of general meetings. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INDEMNITY </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">168.</TD>
<TD ALIGN="left" VALIGN="top">Every Director (including for the purposes of this Article any alternate Director appointed pursuant to the provisions of these Articles), Secretary, assistant Secretary, or other Officer (but not including the
Company&#146;s auditors) and the personal representatives of the same (each an &#147;<B>Indemnified Person</B>&#148;) shall be indemnified and secured harmless against all actions, proceedings, costs, charges, expenses, losses, damages or
liabilities incurred or sustained by such Indemnified Person, other than by reason of such Indemnified Person&#146;s own dishonesty, wilful default or fraud as determined by a court of competent jurisdiction, in or about the conduct of the
Company&#146;s business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing, any costs,
expenses, losses or liabilities incurred by such Indemnified Person in defending (whether successfully or otherwise) any civil proceedings concerning the Company or its affairs in any court whether in the Cayman Islands or elsewhere.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">169.</TD>
<TD ALIGN="left" VALIGN="top">No Indemnified Person shall be liable: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">for the acts, receipts, neglects, defaults or omissions of any other Director or Officer or agent of the Company; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">for any loss on account of defect of title to any property of the Company; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">on account of the insufficiency of any security in or upon which any money of the Company shall be invested; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">for any loss incurred through any bank, broker or other similar Person; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">for any loss occasioned by any negligence, default, breach of duty, breach of trust, error of judgement or oversight on such Indemnified Person&#146;s part; or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">for any loss, damage or misfortune whatsoever which may happen in or arise from the execution or discharge of the duties, powers, authorities, or discretions of such Indemnified Person&#146;s office or in relation
thereto; </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">unless the same shall happen through such Indemnified Person&#146;s own dishonesty, wilful default or fraud as
determined by a court of competent jurisdiction. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">NON-RECOGNITION</FONT> OF TRUSTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">170.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the proviso hereto, no Person shall be recognised by the Company as holding any Share upon any trust and the Company shall not, unless required by law, be bound by or be compelled in any way to recognise
(even when having notice thereof) any equitable, contingent, future or partial interest in any Share or (except only as otherwise provided by these Articles or as the Companies Law requires) any other right in respect of any Share except an absolute
right to the entirety thereof in each Member registered in the Register, <U>provided</U> that, notwithstanding the foregoing, the Company shall be entitled to recognise any such interests as shall be determined by the Directors. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WINDING UP </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">171.</TD>
<TD ALIGN="left" VALIGN="top">If the Company shall be wound up the liquidator shall apply the assets of the Company in such manner and order as he thinks fit in satisfaction of creditors&#146; claims. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">172.</TD>
<TD ALIGN="left" VALIGN="top">If the Company shall be wound up, the liquidator may, with the sanction of a Special Resolution divide amongst the Members in specie or kind the whole or any part of the assets of the Company (whether they shall consist
of property of the same kind or not) and may, for such purpose set such value as he deems fair upon any property to be divided as aforesaid and may determine how such division shall be carried out as between the Members or different Classes. The
liquidator may, with the like sanction, vest the whole or any part of such assets in trustees upon such trusts for the benefit of the Members as the liquidator, with the like sanction shall think fit, but so that no Member shall be compelled to
accept any assets whereon there is any liability. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT OF ARTICLES OF ASSOCIATION </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">173.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the Companies Law and the rights attaching to the various Classes and subject to Article 104, the Company may at any time and from time to time by Special Resolution alter or amend these Articles in whole or
in part. </TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CLOSING OF REGISTER OR FIXING RECORD DATE </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">174.</TD>
<TD ALIGN="left" VALIGN="top">For the purpose of determining those Members that are entitled to receive notice of, attend or vote at any meeting of Members or any adjournment thereof, or those Members that are entitled to receive payment of any
dividend, or in order to make a determination as to who is a Member for any other purpose, the Directors may provide that the Register shall be closed for transfers for a stated period which shall not exceed in any case 40 days. If the Register
shall be so closed for the purpose of determining those Members that are entitled to receive notice of, attend or vote at a meeting of Members the Register shall be so closed for at least ten days immediately preceding such meeting and the record
date for such determination shall be the date of the closure of the Register. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">175.</TD>
<TD ALIGN="left" VALIGN="top">In lieu of or apart from closing the Register, the Directors may fix in advance a date as the record date for any such determination of those Members that are entitled to receive notice of, attend or vote at a meeting
of the Members and for the purpose of determining those Members that are entitled to receive payment of any dividend the Directors may, at or within 90 days prior to the date of declaration of such dividend, fix a subsequent date as the record date
for such determination. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">176.</TD>
<TD ALIGN="left" VALIGN="top">If the Register is not so closed and no record date is fixed for the determination of those Members entitled to receive notice of, attend or vote at a meeting of Members or those Members that are entitled to receive
payment of a dividend, the date on which notice of the meeting is posted or the date on which the resolution of the Directors declaring such dividend is adopted, as the case may be, shall be the record date for such determination of Members. When a
determination of those Members that are entitled to receive notice of, attend or vote at a meeting of Members has been made as provided in this Article, such determination shall apply to any adjournment thereof. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION BY WAY OF CONTINUATION </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">177.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Company may by Special Resolution resolve to be registered by way of continuation in a jurisdiction outside
the Cayman Islands or such other jurisdiction in which it is for the time being incorporated, registered or existing. In furtherance of a resolution adopted pursuant to this Article, the Directors may cause an application to be made to the Registrar
of Companies to deregister the Company in the Cayman Islands or such other jurisdiction in which it is for the time being incorporated, registered or existing and may cause all such further steps as they consider appropriate to be taken to effect
the transfer by way of continuation of the Company. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>
MERGERS AND CONSOLIDATION </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">178.</TD>
<TD ALIGN="left" VALIGN="top">The Company may merge or consolidate in accordance with the Companies Law and these Articles. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">179.</TD>
<TD ALIGN="left" VALIGN="top">Subject to Articles 104 and 105, to the extent required by the Companies Law, the Company may by Special Resolution resolve to merge or consolidate the Company. </TD></TR></TABLE>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DISCLOSURE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">180.</TD>
<TD ALIGN="left" VALIGN="top">The Directors, or any authorised service providers (including the Officers, the Secretary and the registered office agent of the Company), shall be entitled to disclose to any regulatory or judicial authority, or to any
stock exchange on which the Shares may from time to time be listed, any information regarding the affairs of the Company including, without limitation, information contained in the Register and books of the Company. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit D </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[See Attached] </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit D </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDED AND RESTATED SHAREHOLDERS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dated &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>by and among </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT
MUSIC ENTERTAINMENT GROUP </B></P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(&nbsp;


<IMG SRC="g494294dsp1791.jpg" ALT="LOGO">
&nbsp;), </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PARTIES LISTED ON <U>SCHEDULE A</U>, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>XIE GUOMIN, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>XIE
ZHENYU, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>and </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OTHER PERSON WHO BECOMES A PARTY BY EXECUTING JOINDER </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED SHAREHOLDERS AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS SECOND AMENDED AND RESTATED SHAREHOLDERS AGREEMENT (this &#147;<B><U>Agreement</U></B>&#148;) is made on
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017 by and among: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Tencent Music Entertainment Group (


<IMG SRC="g494294dsp1801.jpg" ALT="LOGO">
&nbsp;), an exempted company incorporated under the Laws of the Cayman Islands (the &#147;<B><U>Company</U></B>&#148;), </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) parties listed on <U>Schedule A</U> (collectively, the &#147;<B><U>Shareholders</U></B>&#148;, and each a
&#147;<B><U>Shareholder</U></B>&#148;), </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Mr.&nbsp;Xie Guomin, a PRC citizen with his identification card number being ****
(&#147;<B><U>Xie Guomin</U></B>&#148;), </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Mr.&nbsp;Xie Zhenyu, a PRC citizen with his identification card number being ****
(&#147;<B><U>Xie Zhenyu</U></B>&#148;), and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) any other person who becomes a party hereto by executing the Joinder Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">A.</TD>
<TD ALIGN="left" VALIGN="top">The Company, the Shareholders, Xie Guomin, Xie Zhenyu and certain other parties thereto have entered into the Amended and Restated Shareholders Agreement on July&nbsp;12, 2016 (the &#147;<B><U>Prior
Agreement</U></B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">B.</TD>
<TD ALIGN="left" VALIGN="top">Prior to or substantially concurrently with the signing of this Agreement, the Board of the Company has approved the issuance of ordinary shares, par value $0.000083 each, of the Company (the &#147;<B><U>Ordinary
Shares</U></B>&#148;) pursuant to that certain Subscription Agreement, dated December&nbsp;8, 2017, by and among the Company, Tencent Music Entertainment Hong Kong Limited, Spotify Technology S.A. and Spotify AB (the &#147;<B><U>Spotify Subscription
Agreement</U></B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">C.</TD>
<TD ALIGN="left" VALIGN="top">The parties hereto desire to amend and restate in its entirety the Prior Agreement by entering into this Agreement with respect to the rights and obligations between and among the Company and its shareholders.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"><B><U>DEFINITIONS</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For purposes of this Agreement the following terms have the
following meanings: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>2014 ESOP</U></B>&#148; means the 2014 share incentive plan of the Company approved by the Board, under
which 116,400,000 Ordinary Shares were originally reserved, among which 11,640,000 reserved Ordinary Shares had been canceled as of July&nbsp;12, 2016. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>ADRs</U></B>&#148; means American Depositary Receipts representing the right to
receive Ordinary Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>ADSs</B></U>&#148; means American Depositary Shares representing the right to receive Ordinary
Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Affiliate</B></U>&#148; means, (i)&nbsp;with respect to a person that is a natural person, such person&#146;s
relatives and any other person (other than natural persons) directly or indirectly Controlled by such person, and (ii)&nbsp;with respect to a person that is not a natural person, a person that directly, or indirectly through one or more
intermediaries, Controls, or is Controlled by, or is under common Control with, such person. For the purposes of this definition, &#147;relative&#148; of a person means such person&#146;s spouse, parent, grandparent, child, grandchild, sibling,
uncle, aunt, nephew, niece or great-grandparent or the spouse of such person&#146;s child, grandchild, sibling, uncle, aunt, nephew or niece. Notwithstanding the foregoing, for purposes of this Agreement, no Shareholder shall be deemed an Affiliate
of any other Shareholder solely by reason of the existence of any rights or obligations under this Agreement or holding of the Company Securities by such Shareholder and any other Shareholder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Agreement</U></B>&#148; has the meaning ascribed to it in the preamble. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Amended Control Documents</U></B>&#148;<B></B> has the meaning ascribed to it in <U>Section&nbsp;10.3</U> (<U>Control
Documents</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Arbitration Notice</U></B>&#148;<B></B> has the meaning ascribed to it in <U>Section&nbsp;11.4</U>
(<U>Governing Law and Dispute Resolution</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Articles</B></U>&#148; means the Memorandum and Articles of Association of the
Company as the same may be amended from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Anti-Dilution Issuance Shares</U></B>&#148;<B></B> has the meaning
ascribed to it in <U>Section&nbsp;11.20</U> (<U>Release of Obligations</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Anti-Dilution Issuance to
Tencent</U></B>&#148;<B></B> has the meaning ascribed to it in <U>Section&nbsp;11.20</U> (<U>Release of Obligations</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Available For Sale Target Share</U><U>s</U></B>&#148;<B></B> has the meaning ascribed to it in <U>Section&nbsp;4.7</U> (<U><FONT
STYLE="white-space:nowrap">Non-Exercise</FONT> of Right</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Board</U></B>&#148; means the board of directors of the
Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Business Day</B></U>&#148; means a day (other than a Saturday or a Sunday) that the banks in New York, London, Hong
Kong, the PRC or the Cayman Islands are generally open for business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Cap Table</U></B>&#148;<B></B> has the meaning ascribed
to it in <U>Section&nbsp;11.20</U> (<U>Release of Obligations</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>CIFH</U></B>&#148; means PAGAC Music Holding II Limited,
an exempted company incorporated under the Laws of the Cayman Islands. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Company</U></B>&#148; has the meaning ascribed to it
in the preamble. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-3- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Company GC</U></B>&#148; has the meaning ascribed to it in
<U>Section&nbsp;8.8</U> (<U>Management</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Company Securities</U></B>&#148; means any share, share capital, registered
capital, ownership interest, partnership interest, equity interest, joint venture or other ownership interest of the Company, or any option, warrant, or right to subscribe for, acquire or purchase any of the foregoing, or any other security or
instrument convertible into or exercisable or exchangeable for any of the foregoing, or any equity appreciation, phantom equity, equity plan or similar right with respect to the Company, or any contract of any kind for the purchase or acquisition
from the Company of any of the foregoing, either directly or indirectly. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Confidential Information</U></B>&#148; has the
meaning ascribed to it in <U>Section&nbsp;11.12</U> (<U>Confidentiality</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Control</U></B>&#148; means the possession,
direct or indirect, of the power to direct, or cause the direction of, the management and policies of a person, whether through the ownership of voting securities, by contract or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Control Documents</U></B>&#148; means a series of agreements and documents entered into by and between any wholly-owned PRC
Subsidiary of the Company and VIE Affiliates and their shareholders, through which such wholly-owned PRC Subsidiary has acquired the Control and is able to consolidate the financial statements of such VIE Affiliates. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Core Business</U></B>&#148; includes: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) provision of digital music service; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) production and sales of digital music devices; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) provision of online and offline music show service and other performance; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) production and promotion of music content; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) operation of music-related licensing business; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) other music-related business; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vii) operation, research and development of online gaming and commercial advertisement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(viii) other business as approved by the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U><FONT STYLE="white-space:nowrap">Co-Sale</FONT> Notice</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;5.1</U>
(<U>Right of <FONT STYLE="white-space:nowrap">Co-Sale</FONT></U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Disclosed Issuance Obligation</U></B>&#148; means the
following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) 104,760,000 Ordinary Shares issued or issuable as of July&nbsp;12, 2016 to qualified employees of the Company pursuant to
the 2014 ESOP, or any options to purchase such shares; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) the issuance of Ordinary Shares in connection with the acquisition of


<IMG SRC="g494294qaaqa.jpg" ALT="LOGO">



<IMG SRC="g494294dsp1822.jpg" ALT="LOGO">
 as contemplated by the form of share purchase agreement attached to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-4- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the loan agreement entered into between Ocean Interactive (Beijing) Technology Co., Ltd. and


<IMG SRC="g494294dsp1831.jpg" ALT="LOGO">
 on February&nbsp;20, 2014, which issuance has been completed as of the date of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Disclosing Party</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;11.12</U> (<U>Confidentiality</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Disposition Notice</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;4.6</U> (<U>Exercise of Right of First
Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Dispute</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;11.4</U> (<U>Governing Law and Dispute
Resolution</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Drag-Along Right</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;7.1</U> (<U>Grant of
Drag-Along Right</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>ESOP</U></B>&#148; means collectively, the 2014 ESOP, the 2017 Share Option Plan approved by the Board
under which the maximum aggregate number of Ordinary Shares available for exercise of the options to be granted thereunder is 34,826,662 Ordinary Shares (including awards of up to 8,055,153 Ordinary Shares that had not been granted under the 2014
ESOP and have been granted under the 2017 Share Option Plan) and the 2017 Restricted Share Award Scheme approved by the Board under which the maximum aggregate number of Ordinary Shares which may be issued pursuant to all awards of restricted shares
to be granted thereunder is 40,157,263 Ordinary Shares (including awards of up to 12,637,194 Ordinary Shares reserved for issuance under the Tencent ESOP). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Exchange Act</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;2.9(a)</U> (<U>Indemnification</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Excluded Related Party Transaction</U></B>&#148; has the meaning ascribed to it in <U>Section 8.10</U> (<U>Related Party
Transactions</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Existing Shareholders</U></B>&#148; means the holders of Ordinary Shares of the Company as of the date
immediately prior to the date of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>First Participation Notice</U></B>&#148; has the meaning ascribed to it in
<U>Section&nbsp;3.2(a)</U> (<U>First Participation Notice</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Form
<FONT STYLE="white-space:nowrap">F-3</FONT></U></B>&#148; or &#147;<B><U>Form <FONT STYLE="white-space:nowrap">S-3</FONT></U></B>&#148; means such form under the Securities Act as in effect on the date hereof or any successor form under the
Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Form <FONT STYLE="white-space:nowrap">F-4</FONT></U></B>&#148; or &#147;<B><U>Form <FONT
STYLE="white-space:nowrap">S-4</FONT></U></B>&#148; means such form under the Securities Act as in effect on the date hereof or any successor form under the Securities Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Fully-Exercising ROFR Shareholder</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;4.6</U> (<U>Exercise of Right of
First Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>GMHL</U></B>&#148; means Guomin Holdings Limited, a company limited by shares incorporated under the Laws
of the British Virgin Islands. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Group Companies</U></B>&#148; means the Company and the entities whose financial results are
consolidated with those of the Company in accordance with US&nbsp;GAAP, and each, a &#147;<B><U>Group Company</U></B>&#148;. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-5- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Holder</U></B>&#148; means any Shareholder holding Registrable Securities or any
assignee thereof in accordance with <U>Section&nbsp;2.10 </U>(<U>Assignment of Registration Rights</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>HKIAC</U></B>&#148;
has the meaning ascribed to it in <U>Section&nbsp;11.4</U> (<U>Governing Law and Dispute Resolution</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U></U></B><U><B>HKIAC</B><B> </B><B>Rules</B><B></B></U><B></B>&#148;<B></B> has the meaning ascribed to it in
<U>Section&nbsp;11.4</U> (<U>Governing Law and Dispute Resolution</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Hong Kong</U></B>&#148;<B></B> means the Hong Kong
Special Administrative Region of the People&#146;s Republic of China. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>IFRS</B></U>&#148; means the International Financial
Reporting Standards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Initiating Holders</U></B>&#148;<B></B> has the meaning ascribed to it in <U>Section&nbsp;2.1(b)</U>
(<U>Demand Registration</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>IPO</B></U>&#148; has the meaning ascribed to it in <U>Section&nbsp;10.4</U> (<U>IPO</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Issuance Obligation</U></B>&#148;<B></B> has the meaning ascribed to it in <U>Section&nbsp;11.2</U>0 (<U>Release of
Obligations</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Key Management</U></B>&#148;<B></B> means Xie Zhenyu and Xie Guomin. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Kugou</U></B>&#148; means Guangzhou Kugou Computer Technology Co., Ltd. (


<IMG SRC="g494294dede.jpg" ALT="LOGO">



<IMG SRC="g494294m2.jpg" ALT="LOGO">
). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Largest Financial Investor</U></B>&#148;<B></B> has the meaning ascribed to it in
<U>Section&nbsp;8.2</U> (<U>Election of Directors</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Law</U></B>&#148; means any law, rule, constitution, code, ordinance,
statute, treaty, decree, regulation, common law, order, official policy, circular, provision, administrative order, interpretation, injunction, judgment, ruling, assessment, writ or other legislative measure, in each case of any governmental
authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Lechang</B></U>&#148; means Guangzhou Lechang Software Technology Co., Ltd. (


<IMG SRC="g494294m3.jpg" ALT="LOGO">



<IMG SRC="g494294m3a.jpg" ALT="LOGO">
&nbsp;), a company incorporated under the laws of the PRC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Lechang Spinoff</U></B>&#148; means a
series of transactions that contemplate: (i)&nbsp;the transfer of Lechang to Beijing Quku Technology Co., Ltd. (


<IMG SRC="g494294m4.jpg" ALT="LOGO">
) (&#147;<B><U>Quku</U></B>&#148;); (ii) the joint ownership in Quku by (A)&nbsp;Beijing Quxing Tianxia Technology Co., Ltd. (


<IMG SRC="g494294m5.jpg" ALT="LOGO">



<IMG SRC="g494294m6.jpg" ALT="LOGO">
 (&#147;<B><U>Quxing</U></B>&#148;)), (B) a holding entity (&#147;<B><U>Entity A</U></B>&#148;<B>)</B> to be jointly owned by the Shareholders or their respective nominees and (C)&nbsp;certain other persons, with Quxing
and Entity A collectively owning 75.5% of Quku; and (iii)&nbsp;the subscription by the Shareholders or their respective nominees for, and the issuance by Entity A to the Shareholders or their respective nominees, the equity interests in Entity A on
a pro rata basis in proportion to the Shareholders&#146; equity interests in the issued and outstanding share capital of the Company immediately after the Tencent Closing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-6- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U><FONT STYLE="white-space:nowrap">Lock-up</FONT> Period</U></B>&#148;<B></B> has
the meaning ascribed to it in <U>Section&nbsp;2.13</U> (&#147;<U>Market StandOff&#148; Agreement</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>March 2016
SHA</U></B>&#148;<B></B> has the meaning ascribed to it in <U>Section&nbsp;11.3</U> (<U>Entire Agreement</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Material
Adverse Effect</U></B>&#148;<B></B> means, with respect to the Company, any change, event, or effect that is materially adverse to the business, operations, assets, liabilities, financial condition, results of operations or prospects of that person
and its Subsidiaries taken as a whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Music Fund</U></B>&#148;<B></B> means an investment fund formed for the purpose of
making investments in music content businesses, whose limited partners include (i)&nbsp;Tencent or its Affiliates and (ii)&nbsp;the Company or another Group Company. Notwithstanding the definition of Affiliates, the parties agree that for purposes
of this definition of &#147;Music Fund&#148;, Affiliates of Tencent shall exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>New Securities</U></B>&#148;<B></B> means any share, share capital, registered capital, ownership interest, partnership interest,
equity interest, joint venture or other ownership interest of the Company, or any option, warrant, or right to subscribe for, acquire or purchase any of the foregoing, or any other security or instrument convertible into or exercisable or
exchangeable for any of the foregoing, or any equity appreciation, phantom equity, equity plan or similar right with respect to the Company, or any contract of any kind for the purchase or acquisition from the Company of any of the foregoing, either
directly or indirectly, <U>provided</U>, <U>however</U>, that the term &#147;<B><U>New Securities</U></B>&#148;<B></B> does not include: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">104,760,000 Ordinary Shares issued or issuable to qualified employees of the Company pursuant to the 2014 ESOP, or any options to purchase such shares; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">any other Company Securities issued or to be issued under the ESOP; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">any securities issued in connection with any share dividend, distribution, share split, share consolidation, or other similar event in which the Shareholders are otherwise entitled to participate; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">any shares issued upon exercise of options, warrants or other types of awards as approved by the Board; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">any shares issued pursuant to the QIPO; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">any securities of the Company issued or issuable pursuant to the Issuance Obligation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">any Anti-Dilution Issuance Shares or any securities of the Company issued or issuable pursuant to the Anti-Dilution Issuance to Tencent; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">any shares reserved and issuable to any Shareholder, if applicable, pursuant to its exercise of right of participation under the Prior SHAs in relation to the transactions contemplated under the Tencent Subscription
Agreement; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-7- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top">any shares issued under the R2G Agreement (provided that, if any shares are issued under this clause (ix), CIFH shall have returned an equivalent number of Ordinary Shares to the Company); </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top">the Ordinary Shares issued or issuable pursuant to the Spotify Subscription Agreement; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(xi)</TD>
<TD ALIGN="left" VALIGN="top">any securities of the Company issued pursuant to the acquisition of another corporation or entity by the Company by consolidation, merger, purchase of assets, or other reorganization in a single transaction or series of
related transactions, in each case, duly approved in accordance with <U>Section&nbsp;10.2(b)</U> (<U>Protective Provisions</U>). </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Non-Disclosing Party</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;11.12</U> (<U>Confidentiality</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Non-Tencent Shareholders</U>&#148; </B>has the meaning ascribed to it in <U>Section&nbsp;8.2(b)</U> (<U>Election of
Directors</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U><FONT STYLE="white-space:nowrap">Non-Transferring</FONT> Shareholders</U>&#148;</B> has the meaning ascribed
to it in <U>Section&nbsp;4.6</U> (<U>Exercise of Right of First Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Ordinary Shares</U>&#148;</B> has the meaning
ascribed to it in the Recitals. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Overallotment Notice</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;4.6</U>
(<U>Exercise of Right of First Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Participation Pro Rata Share</U>&#148;</B> of any Shareholder means, the ratio
of (a)&nbsp;the number of Ordinary Shares held by such Shareholder, to (b)&nbsp;the total number of Ordinary Shares then outstanding and held by all Shareholders immediately prior to the issuance of New Securities giving rise to the Right of
Participation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>PRC</U>&#148;</B> means the People&#146;s Republic of China and for purposes of this Agreement, excludes Hong
Kong, Macao Special Administrative Region and Taiwan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Preemptive Right Participants</U>&#148;</B> has the meaning ascribed to
it in <U>Section&nbsp;3.2(b)</U> (<U>Second Participation Notice; Oversubscription</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Prior Agreement</U>&#148;</B> has
the meaning ascribed to it in the preamble. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Prior SHAs</U>&#148;</B> has the meaning ascribed to it in
<U>Section&nbsp;11.3</U> (<U>Entire Agreement</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Prospective Transferee</U>&#148;</B> has the meaning ascribed to it in
<U>Section&nbsp;4.6</U> (<U>Exercise of Right of First Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Qualified Transfer</U>&#148;</B> has the meaning
ascribed to it in <U>Section&nbsp;4.2(a)</U> (<U>Key Management <FONT STYLE="white-space:nowrap">Lock-up</FONT></U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>QIPO</U>&#148;</B> means a firm underwritten public offering of the Ordinary Shares or any equity securities in any of the
Company&#146;s Subsidiaries in the U.S., pursuant to an effective registration statement under the Securities Act, or in a similar public offering of the Ordinary </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-8- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Shares or any equity securities in any of the Company&#146;s Subsidiaries in another jurisdiction which results in such shares trading publicly on the Hong Kong Stock Exchange, New York Stock
Exchange, NASDAQ Stock Market, <FONT STYLE="white-space:nowrap">A-Share</FONT> Market or such other stock exchange approved by the Board (each, a <B>&#147;<U>Qualified Stock Exchange</U>&#148;</B>)<B></B> where the Company meets the listing
requirements of such Qualified Stock Exchange, and which, in each case, has an offering price per share that results in a post-money valuation of the Company at a minimum of US$6&nbsp;billion on a fully diluted basis upon the consummation of the
public offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Related Party</U>&#148;</B> means any shareholder, officer or director of a Group Company, or any Affiliate
of any such person or of any Group Company, except for any other Group Company. Notwithstanding the definition of Affiliates, the parties agree that for purposes of this definition of &#147;Related Party&#148;, Affiliates of Tencent shall exclude
the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Related Party Transaction</U>&#148;</B> means
a transaction between any Group Company, on the one hand, and any Related Party, on the other hand; <I>provided</I> that the following transactions shall not be considered as Related Party Transaction for purposes of this Agreement: (i)&nbsp;any <FONT
STYLE="white-space:nowrap">co-investment</FONT> transaction by a Group Company and a Related Party in a third party; and (ii)&nbsp;any issuance of Company Securities to any Related Party in compliance with the provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Released Parties</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;11.20</U> (<U>Release of Obligations</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Releasing Parties</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;11.20</U> (<U>Release of Obligations</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Replacement Nominee</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;8.4</U> (<U>Vacancies</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>R2G Agreement</U>&#148;</B> means the amended and restated share purchase and exchange agreement dated as of October&nbsp;30,
2013, by and among R2G Limited, certain of its shareholders and the Company, as amended, supplemented, or otherwise modified from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>register</U>,&#148; &#147;<U>registered</U>,&#148;</B> and <B>&#147;<U>registration</U>&#148;</B> refer to a registration effected
by preparing and filing a registration statement or similar document in compliance with the Securities Act (or other applicable securities regulations, as the case may be) and the declaration or ordering of effectiveness of such registration
statement or document. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Registrable Securities</U>&#148;</B> means any Ordinary Shares held by any Shareholder including any
Ordinary Shares issued as (or issuable upon the exchange, conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution; <U>provided</U>, <U>however</U>, that the foregoing definition shall
exclude in all cases any Registrable Securities sold by a person in a transaction in which his or her rights under this Agreement are not assigned. Notwithstanding the foregoing, Ordinary Shares or other securities shall only be treated as
Registrable Securities if and so long as they have not been (A)&nbsp;sold to or through a broker or dealer or underwriter in a public distribution or a public securities transaction, (B)&nbsp;sold in a transaction exempt from the registration and
prospectus delivery requirements of the Securities Act under Section&nbsp;4(1) thereof or analogous rule of another jurisdiction so that all transfer restrictions, and restrictive legends with respect
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-9- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
thereto, if any, are removed upon the consummation of such sale, or (C)&nbsp;sold pursuant to Rule 144 promulgated under the Securities Act or analogous rule of another jurisdiction. Reference to
Registrable Securities in this Agreement shall include ADRs or ADSs representing such Registrable Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The number of shares of
<B>&#147;<U>Registrable Securities then outstanding</U>&#148;</B> shall be determined by the number of Ordinary Shares outstanding which are, and the number of Ordinary Shares issuable pursuant to then exchangeable, exercisable or convertible
securities which are, Registrable Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Restricted Person</U>&#148;</B> means each person listed on <U>Schedule B</U>
hereto and each of their respective Affiliates and any entity that a Restricted Person or any of its Affiliates directly or indirectly holds or beneficially owns at least twenty percent (20%) in ownership interest, registered capital, voting power
or the decision-making power, whether though contractual arrangements or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Right of First Refusal</U>&#148;</B> has
the meaning ascribed to it in <U>Section&nbsp;4.5</U> (<U>Grant of Right of First Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Right of
Participation</U>&#148;</B> means the <FONT STYLE="white-space:nowrap">pre-emptive</FONT> right of each Shareholder under Section&nbsp;3 (Right of Participation) to purchase such Shareholder&#146;s Participation Pro Rata Share of all (or any part)
of any New Securities that the Company may from time to time issue after the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>ROFR First Response
Period</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;4.6</U> (<U>Exercise of Right of First Refusal</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>ROFR Pro Rata Portion</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;4.6</U> (<U>Exercise of Right of First
Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>ROFR Second Response Period</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;4.6</U>
(<U>Exercise of Right of First Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Sale Notice</U>&#148;</B> has the meaning ascribed to it in
<U>Section&nbsp;7.1</U> (<U>Grant of Drag-Along Right</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>SEC</B></U>&#148; means the United States Securities and Exchange
Commission. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Second Largest Financial Investor</U>&#148;</B> has the meaning ascribed to it in <U>Section&nbsp;8.2</U>
(<U>Election of Directors</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Second Participation Notice</U>&#148;</B> has the meaning ascribed to it in
<U>Section&nbsp;3.2(b)</U> (<U>Second Participation Notice; Oversubscription</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Securities Act</U>&#148;</B> means the
U.S. Securities Act of 1933, as amended, and any successor statute. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Selection Period</U>&#148;</B> has the meaning ascribed
to it in <U>Section&nbsp;11.4</U> (<U>Governing Law and Dispute Resolution</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Shareholder</U>&#148;</B> and
<B>&#147;<U>Shareholders</U>&#148;</B> has the meaning ascribed to it in the preamble. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-10- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>&#147;<U>Shareholder Representative</U>&#148;</B> has the meaning ascribed to it
<U>Section 8.11</U> (<U>Enforcement of Tencent Transaction Documents</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Shortened
<FONT STYLE="white-space:nowrap">Lock-up</FONT> Triggering Event</U></B>&#148; has the meaning ascribed to it in <U>Section 4.2(a)</U> (<U>Key Management <FONT STYLE="white-space:nowrap">Lock-up</FONT></U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Spotify Investor Agreement</U></B>&#148; means that certain Investor Agreement to be entered into by and among the Company,
Spotify AB, Spotify Technology S.A. and Tencent Holdings Limited at the closing of the transactions contemplated by the Spotify Subscription Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Spotify Investor</U></B>&#148; has the meaning ascribed to &#147;Investor&#148; in the Spotify Investor Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Spotify Subscription Agreement</U></B>&#148; has the meaning ascribed to it in the recitals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Subsidiary</U></B>&#148; means, with respect to any given person, any person of which the given person directly or indirectly
Controls. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Target Shares</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;4.6</U> (<U>Exercise of Right of
First Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent</U></B>&#148; means Min River Investment Limited, a company incorporated under the laws of the
British Virgin Islands. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Closing</U></B>&#148; has the same meaning as ascribed to the definition of
&#147;Closing&#148; in the Tencent Subscription Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Closing Date</U></B>&#148; has the same meaning as
ascribed to the definition of &#147;Closing Date&#148; in the Tencent Subscription Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Directors</U></B>&#148;
has the meaning ascribed to it in <U>Section&nbsp;8.2</U> (<U>Election of Directors</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent ESOP</U></B>&#148; means
the equity incentive, purchase or participation plan, employee stock option plan or similar plan of the Company approved by the Board, under which 12,637,194 Ordinary Shares have been issued or reserved for issuance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent GC</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;8.8</U> (<U>Management</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Subscription Agreement</U></B>&#148; means that certain Share Subscription Agreement, dated July&nbsp;12, 2016, by and
among the Company, Tencent and certain other parties thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Tencent Transaction Documents</U></B>&#148; has the meaning
ascribed to the term &#147;Transaction Documents&#148; in the Tencent Subscription Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Territory</U></B>&#148; means
the People&#146;s Republic of China, excluding Hong Kong, the Macao Special Administrative Region and Taiwan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Trade
Sale</U></B>&#148; means (i)&nbsp;a sale, lease, transfer or other disposition of all or substantially all of the assets of the Group Companies as a whole, (ii)&nbsp;an exclusive licensing </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-11- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
out of all or substantially all of the Intellectual Property of the Group Companies as a whole, (iii)&nbsp;any transaction (or a series of related transactions) in which a majority of the
Company&#146;s voting power or a majority of the voting power of any material Subsidiary of the Company is transferred to a third party (or multiple third parties) or to Tencent or its Affiliates (whether by share transfer or share issuance), or
(iv)&nbsp;a merger, consolidation or other business combination of the Company or any material Subsidiary of the Company with or into any other person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Transaction Documents</B></U>&#148; means the Spotify Subscription Agreement, this Agreement, the Articles, and any other
agreement, document or instrument required to be executed and delivered in connection with the transactions contemplated by the Spotify Subscription Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><B>Transfer</B></U>&#148; means, with respect to any Company Securities, (i)&nbsp;when used as a verb, to sell, assign, dispose of,
exchange, pledge, encumber, hypothecate or otherwise transfer such Company Securities or any participation or interest therein, whether directly or indirectly (including pursuant to a derivative transaction or a transfer or new issuance of ownership
interests in a direct or indirect holder of such Company Securities), or agree or commit to do any of the foregoing and (ii)&nbsp;when used as a noun, a direct or indirect sale, assignment, disposition, exchange, pledge, encumbrance, hypothecation,
or other transfer of such Company Securities or any participation or interest therein or any agreement or commitment to do any of the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Transferring Shareholder</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;4.6</U> (<U>Exercise of Right of First
Refusal</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>US GAAP</U></B>&#148; means the generally accepted accounting principles and practices in the United States as
in effect from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>VIE Affiliate</U></B>&#148; means each of Beijing Kuwo Technology Co., Ltd. (


<IMG SRC="g494294m8.jpg" ALT="LOGO">



<IMG SRC="g494294m9.jpg" ALT="LOGO">
&nbsp;) and Kugou, collectively, the &#147;<B><U>VIE Affiliates</U></B>&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Violation</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;2.9(a)</U> (<U>Indemnification</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Xie Guomin</U></B>&#148; has the meaning ascribed to it in the preamble. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Xie Zhenyu</U></B>&#148; has the meaning ascribed to it in the preamble. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>2013 SHA</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;11.3</U> (<U>Entire Agreement</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>2014 SHA</U></B>&#148; has the meaning ascribed to it in <U>Section&nbsp;11.3</U> (<U>Entire Agreement</U>). </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>REGISTRATION RIGHTS</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.1 <U>Demand Registration</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-right:2%; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) If the Company receives, upon the expiration of six (6)&nbsp;months after the effective date of a QIPO, a written
request from Holders of at least thirty percent (30%) of the Registrable Securities then outstanding, then the Company shall, within thirty (30)&nbsp;days after the receipt thereof, give a written notice of such request to all Holders and shall,
subject to the limitations of <U>Section 2.1(b)</U> (<U>Demand Registration</U>), use its best efforts to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-12- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
effect as soon as practicable, the registration under the Securities Act of all Registrable Securities which the Holders request to be registered within twenty (20)&nbsp;days after the mailing of
such notice by the Company. Registrations under this <U>Section&nbsp;2.1</U> (<U>Demand Registration</U>) shall be on such appropriate registration form of the SEC or other governmental entity as shall be selected by the Company and shall permit the
disposition of such Registrable Securities in accordance with the intended method or methods of disposition specified in the request for such registration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) If the Holders initiating the registration request under this <U>Section&nbsp;2.1</U> (<U>Demand Registration</U>) (the
<B>&#147;<U>Initiating Holders</U>&#148;</B>) intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to this
<U>Section&nbsp;2.1</U> (<U>Demand Registration</U>) and the Company shall include such information in the written notice referred to in <U>Section 2.1(a)</U> (<U>Demand Registration</U>). The underwriter will be selected by the Company and shall be
reasonably acceptable to a majority in interest of the Initiating Holders. In such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder&#146;s participation in such
underwriting and the inclusion of such Holder&#146;s Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Initiating Holders and such Holder) to the extent provided herein. All Holders
proposing to distribute their securities through such underwriting shall (together with the Company as provided in <U>Section&nbsp;2.4(e)</U> (<U>Obligations of the Company</U>)) enter into an underwriting agreement in customary form with the
underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of this <U>Section&nbsp;2.1</U> (<U>Demand Registration</U>), if the underwriter advises the Initiating Holders in writing that marketing factors require
a limitation on the number of shares to be underwritten, then the Initiating Holders shall so advise all Holders of the Registrable Securities which would otherwise be underwritten pursuant hereto, and the amount of Registrable Securities that may
be included in the underwriting shall be allocated among all Holders thereof, including the Initiating Holders, in proportion (as nearly as practicable) to the amount of Registrable Securities of the Company held by each Holder; <U>provided</U>,
<U>however</U>, that in each case the amount of Registrable Securities to be included in such underwriting shall not be reduced unless all securities other than Registrable Securities are first entirely excluded from the underwriting; and
<U>provided</U>, <U>further</U>, that in the case of registration pursuant to <U>Section&nbsp;2.1(a)</U> (<U>Demand Registration</U>), that if the reduction reduces the total amount of Registrable Securities included in such underwriting to less
than thirty percent (30%) of the Registrable Securities initially requested for registration by the Initiating Holders, such offering shall not be counted as a registration for the purpose of subsection (d)(i). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding the foregoing, if the Company furnishes to the Initiating Holders a certificate signed by the president or chief
executive officer of the Company stating that in the good faith judgment of the Board, it would be seriously detrimental to the Company and its shareholders for such registration statement to be filed and it is therefore essential to defer the
filing of such registration statement, the Company shall have the right to defer such filing for a period of not more than one hundred and twenty (120)&nbsp;days after receipt of the request from the Initiating Holders; <U>provided</U>,
<U>however</U>, that the Company may not utilize this right more than twice in any twelve (12)&nbsp;month period. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-13- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) In addition to and without prejudice to <U>Section&nbsp;2.14</U> (<U>Termination of
Registration Rights</U>), the Company shall not be obligated to effect, or take any action to effect, any registration pursuant to this <U>Section&nbsp;2.1</U> (<U>Demand Registration</U>): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(i) after the Company has effected two (2)&nbsp;registrations pursuant to <U>Section&nbsp;2.1(a)</U> (<U>Demand Registration</U>) (with ADRs
or ADSs and their underlying Ordinary Shares constituting a single registration) and such registrations (x)&nbsp;have been declared or ordered effective, or (y)&nbsp;have been closed or withdrawn at the request of the Initiating Holders (other than
as a result of a Material Adverse Effect); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(ii) during the period commencing on the date sixty (60)&nbsp;days prior to the date of
filing (as estimated by the Company in good faith) of, and ending on the date one hundred and eighty (180)&nbsp;days after the effective date of (subject to such extension as provided in <U>Section&nbsp;2.13</U> (&#147;<U>Market <FONT
STYLE="white-space:nowrap">Stand-Off&#148;</FONT> Agreement</U>)), a registration subject to <U>Section&nbsp;2.2</U> (<U>Company Registration</U>) (other than a registration relating solely to the sale of securities to participants in a Company
share plan, a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which the only
Ordinary Shares being registered are Ordinary Shares issuable upon conversion of debt securities that are also being registered or an SEC Rule 145 transaction); <U>provided</U> that the Company uses its reasonable best efforts to cause such
registration statement under <U>Section&nbsp;2.2</U> (<U>Company Registration</U>) to become effective; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(iii) if the Initiating
Holders propose to dispose of Registrable Securities that may be immediately registered on Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT STYLE="white-space:nowrap">S-3</FONT> (or any successor form that provides for short-form
registration), as the case may be. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.2 <U>Company Registration</U>. If (but without any obligation to do so) the Company proposes to
register (including, for this purpose, a registration effected by the Company for Shareholders other than the Holders) any of its securities under the Securities Act (or such applicable securities laws, as the case may be), in connection with the
public offering of such securities solely for cash (other than a registration relating solely to the sale of securities to participants in a Company share plan, an offering or sale of securities pursuant to a registration statement on Form <FONT
STYLE="white-space:nowrap">F-4</FONT> or Form <FONT STYLE="white-space:nowrap">S-4</FONT> (or any successor form), as the case may be, a registration in which the only shares being registered are Ordinary Shares issuable upon conversion of debt
securities which are also being registered, a registration of securities in a transaction under Rule 145 promulgated under the Securities Act, or in any registration on any form which does not include substantially the same information as would be
required to be included in a registration statement covering the sale of the Registrable Securities), the Company shall, at such time, promptly give each Holder a written notice of such registration. Upon the written request of any Holder given
within twenty (20)&nbsp;days after mailing of such notice by the Company, the Company shall, subject to the provisions of <U>Section&nbsp;2.7</U> (<U>Underwriting Requirements</U>), cause to be registered under the Securities Act the Registrable
Securities that each such Holder has requested to be registered. For the avoidance of doubt, registration pursuant to this <U>Section&nbsp;2.2</U> (<U>Company Registration</U>) shall not be deemed to be a demand registration as described in
<U>Section&nbsp;2.1</U> (<U>Demand Registration</U>) above. There shall be no limit on the number of times the Holders may request registration of Registrable Securities under this <U>Section&nbsp;2.2</U> (<U>Company Registration</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.3 <U>Form <FONT STYLE="white-space:nowrap">F-3</FONT> or <FONT STYLE="white-space:nowrap">S-3</FONT> Registration</U>. In case the Company
receives from Holders of at least thirty percent (30%) of the Registrable Securities then outstanding, a written request or requests that the Company effect a registration on Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT
STYLE="white-space:nowrap">S-3,</FONT> as the case may be, and any related qualification or compliance with respect to all or a part of the Registrable Securities held by such Holders, as the case may be, the Company shall: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) promptly give a written notice of the proposed registration, and any related qualification or compliance, to all other Holders; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-14- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) as soon as practicable, effect such registration and all such qualifications and
compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holders&#146; Registrable Securities as are specified in such request, together with all or such portion of the Registrable
Securities of any other Holder or Holders joining in such request as are specified in a written request given within fifteen (15)&nbsp;days after receipt of such written notice from the Company; <U>provided</U>, <U>however</U>, that the Company
shall not be obligated to effect any such registration, qualification or compliance, pursuant to this <U>Section&nbsp;2.3</U> (<U>Form <FONT STYLE="white-space:nowrap">F-3</FONT> or <FONT STYLE="white-space:nowrap">S-3</FONT> Registration</U>): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(i) if Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT STYLE="white-space:nowrap">S-3,</FONT> as the case may be, is not
available for such offering by the Holder(s); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(ii) if the Holder(s), together with the holders of any other securities of the Company
entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate offering price to the public (before any underwriters&#146; discounts or commissions) of less than one million U.S.
dollars (US$1,000,000); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(iii) if the Company furnishes to the Holder(s) a certificate signed by the president or chief executive officer
of the Company stating that, in the good faith judgment of the Board, it would be seriously detrimental to the Company and its shareholders for such registration on Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT
STYLE="white-space:nowrap">S-3</FONT> (as the case may be) to be effected at such time, the Company shall have the right to defer the filing of the registration statement on Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT
STYLE="white-space:nowrap">S-3</FONT> (as the case may be) for a period of not more than sixty (60)&nbsp;days after receipt of the request of the Holder or Holders under this <U>Section&nbsp;2.3</U> (<U>Form
<FONT STYLE="white-space:nowrap">F-3</FONT> or <FONT STYLE="white-space:nowrap">S-3</FONT> Registration</U>); <U>provided</U>, <U>however</U>, that the Company shall not utilize this right more than twice in any twelve (12)&nbsp;month period; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(iv) in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to
service of process in effecting such registration, qualification or compliance; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(v) during the period ending on the date one hundred
and eighty (180)&nbsp;days after the effective date of a registration statement subject to <U>Section 2.2</U> (<U>Company Registration</U>), which period may be extended pursuant to <U>Section&nbsp;2.13</U> (&#147;<U>Market <FONT
STYLE="white-space:nowrap">Stand-Off</FONT></U>&#148; Agreement). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Subject to the foregoing, the Company shall file a registration
statement covering the Registrable Securities and other securities so requested to be registered as soon as practicable after receipt of the request or requests of the Holders. Registrations effected pursuant to this <U>Section&nbsp;2.3</U> (<U>Form
<FONT STYLE="white-space:nowrap">F-3</FONT> or <FONT STYLE="white-space:nowrap">S-3</FONT> Registration</U>) shall not be counted as demands for registration or registrations effected pursuant to <U>Sections 2.1</U> (<U>Demand Registration</U>) or
<U>2.2</U> (<U>Company Registration</U>). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-15- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.4 <U>Obligations of the Company</U>. Whenever required under this <U>Section&nbsp;2</U>
(<U>Registration Rights</U>) to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) prepare and file with the SEC (or such other governmental authorities, as the case may be) a registration statement with respect to such
Registrable Securities and use its best efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement
effective for up to one hundred and twenty (120)&nbsp;days; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) prepare and file with the SEC (or such other governmental authorities,
as the case may be) such amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act (or such other
applicable securities laws, as the case may be) with respect to the disposition of all securities covered by such registration statement for up to one hundred and twenty (120)&nbsp;days; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of
the Securities Act (or such other applicable securities laws, as the case may be), and such other documents as they may reasonably request in order to facilitate the disposition of the Registrable Securities held by them; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) use its reasonable best efforts to register and qualify the securities covered by such registration statement under such other securities
or blue sky laws of such jurisdictions as may be reasonably requested by the Holders; <U>provided</U>, <U>however</U>, that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a
general consent to service of process in any such states or jurisdictions; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(e) in the event of any underwritten public offering, enter
into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering, and each Holder participating in such underwriting shall also enter into and perform its obligations under
such agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(f) notify each Holder of the Registrable Securities covered by such registration statement at any time when a
prospectus relating thereto is required to be delivered under the Securities Act (or such other applicable securities laws, as the case may be) of the occurrence of any event as a result of which the prospectus included in such registration
statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances then existing, not misleading;
such obligation shall continue until the earlier of (i)&nbsp;the sale of all Registrable Securities registered pursuant to the registration statement of which such prospectus forms a part, or (ii)&nbsp;withdrawal of such registration statement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(g) cause all such Registrable Securities registered pursuant to this Agreement to be listed on each securities exchange on which similar
securities issued by the Company are then listed; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(h) provide a transfer agent and registrar for all Registrable Securities registered
pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case no later than the effective date of such registration; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-16- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) use its reasonable best efforts to furnish, at the request of any Holder requesting
registration of the Registrable Securities pursuant to this <U>Section&nbsp;2</U> (<U>Registration Rights</U>), on the date such Registrable Securities are delivered to the underwriters for sale in connection with a registration pursuant to this
<U>Section&nbsp;2</U> (<U>Registration Rights</U>), if such securities are being sold through underwriters, or on the date the registration statement with respect to such securities becomes effective, if such securities are not being sold through
underwriters, (i)&nbsp;an opinion, dated such date, from the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the
underwriters, if any, and to the Holders requesting registration of the Registrable Securities; and (ii)&nbsp;a letter dated such date, from the independent certified public accountants of the Company, in form and substance as is customarily given
by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders requesting registration of the Registrable Securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.5 <U>Furnish Information</U>. It shall be a condition precedent to the obligations of the Company to take any action pursuant to this
<U>Section&nbsp;2</U> (<U>Registration Rights</U>) with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, and the
intended method of disposition of such securities as shall be required to effect the registration of such Holder&#146;s Registrable Securities. The Company shall have no obligation with respect to any registration requested pursuant to <U>Sections
2.1</U> (<U>Demand Registration</U>) and 2.3 (<U>Form <FONT STYLE="white-space:nowrap">F-3</FONT> or <FONT STYLE="white-space:nowrap">S-3</FONT> Registration</U>) if, as a result of the application of the preceding sentence, the number of shares or
the anticipated aggregate offering price of the Registrable Securities to be included in the registration fails to reach or exceed the number of shares or the anticipated aggregate offering price originally required to trigger the Company&#146;s
obligation to initiate such registration as specified in <U>Sections 2.1(a)</U> (<U>Demand Registration</U>) or 2.3(b)(ii) (<U>Form <FONT STYLE="white-space:nowrap">F-3</FONT> or <FONT STYLE="white-space:nowrap">S-3</FONT> Registration</U>),
whichever is applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.6 <U>Expenses of Registration</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) <U>Expenses of Demand Registration</U>. All expenses (other than underwriting discounts and commissions and such underwriting expenses to
be borne by the underwriters and stock transfer taxes) incurred in connection with registrations, filings or qualifications pursuant to <U>Section&nbsp;2.1</U> (<U>Demand Registration</U>), including all registration, filing and qualification fees,
printers&#146; and accounting fees, fees and disbursements of counsel for the Company and the reasonable fees and disbursements of counsel for the selling Holders shall be borne by the Company; <U>provided</U>, <U>however</U>, that the Company shall
not be required to pay for any expenses of any registration proceeding begun pursuant to <U>Section&nbsp;2.1</U> (<U>Demand Registration</U>) if the registration request is subsequently withdrawn at the request of the Holders of a majority of the
Registrable Securities to be registered (in which case all participating Holders shall bear such expenses pro rata based on their Registrable Securities included in such registration), unless the Holders of a majority of the Registrable Securities
agree to forfeit their right to one demand registration pursuant to <U>Section&nbsp;2.1</U> (<U>Demand Registration</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b)
<U>Expenses of Company Registration</U>. All expenses (other than underwriting discounts and commissions and such underwriting expenses to be borne by the underwriters) incurred in connection with registrations, filings or qualifications of
Registrable Securities pursuant to <U>Section&nbsp;2.2</U> (<U>Company Registration</U>) for each Holder (which right may </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-17- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
be assigned as provided in <U>Section&nbsp;2.10</U> (<U>Assignment of Registration Rights</U>)), including all registration, filing, and qualification fees, printers&#146; and accounting fees,
fees and disbursements of counsel for the Company and the reasonable fees and disbursements of counsel for the selling Holder or Holders shall be borne by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) <U>Expenses of Registration on Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT STYLE="white-space:nowrap">S-3</FONT></U>.
All expenses (other than underwriting discounts and commissions and such underwriting expenses to be borne by the underwriters) incurred in connection with registrations requested pursuant to <U>Section&nbsp;2.3</U> (<U>Form <FONT
STYLE="white-space:nowrap">F-3</FONT> or <FONT STYLE="white-space:nowrap">S-3</FONT> Registration</U>), including all registration, filing, qualification, printers&#146; and legal and accounting fees, fees and disbursements of counsel for the
Company and the reasonable fees and disbursements of counsel for the selling Holders shall be borne by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.7 <U>Underwriting
Requirements</U>. If a registration statement for which the Company gives a notice pursuant to <U>Section&nbsp;2.2</U> (<U>Company Registration</U>) is for an underwritten offering, then the Company shall so advise the Holders of Registrable
Securities as part of such written notice. In such event, the right of any Holder to include its Registrable Securities in a registration pursuant to <U>Section&nbsp;2.2</U> (<U>Company Registration</U>) shall be conditioned upon such Holder&#146;s
participation in such underwriting and the inclusion of such Holder&#146;s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall
(together with the Company and the other holders of securities of the Company whose securities are to be included in such registration and underwriting) enter into an underwriting agreement in customary form with the managing underwriter or
underwriters selected for such underwriting. Notwithstanding any other provision of this Agreement, if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation on the number of shares to be underwritten,
then the managing underwriter(s) may exclude shares (including Registrable Securities) from the registration and the underwriting, and the number of shares that may be included in the registration and the underwriting shall be allocated
(i)&nbsp;first, to the Company, (ii)&nbsp;second, to each of the Holders requesting inclusion of their Registrable Securities in such registration statement on a pro rata basis based upon the total number of Registrable Securities then held by each
such Holder; <U>provided</U>, <U>however</U>, that no exclusion of such Holders&#146; Registrable Securities shall be made unless all other Shareholders&#146; securities are first excluded; and <U>provided</U>, <U>further</U>, that in any
underwriting that is not in connection with the Company&#146;s initial public offering, the amount of Registrable Securities included in the offering shall not be reduced below twenty percent (20%) of the Registrable Securities requested to be
included in such offering, and (iii)&nbsp;third, to the other Shareholders. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter at least
thirty (30)&nbsp;days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. For any Holder that is a venture capital
fund, partnership or corporation, the affiliated venture capital funds, partners, retired partners and stockholders of such Holder, or the estates and family members of any such partners, stockholders and retired partners and any trusts for the
benefit of any of the foregoing persons shall be deemed to be a single &#147;Holder,&#148; and any pro rata reduction with respect to such &#147;Holder&#148; shall be based upon the aggregate amount of shares carrying registration rights owned by
all entities and individuals included in such &#147;Holder,&#148; as defined in this sentence. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-18- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.8 <U>Delay of Registration</U>. No Holder shall have any right to obtain or seek an
injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this <U>Section&nbsp;2</U> (<U>Registration Rights</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.9 <U>Indemnification</U>. In the event any Registrable Securities are included in a registration statement under this <U>Section&nbsp;2</U>
(<U>Registration Rights</U>): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) To the extent permitted by applicable Laws, the Company will indemnify and hold harmless each Holder,
any &#147;underwriter&#148; (as defined in the Securities Act) for such Holder and each person, if any, who Controls such Holder or underwriter within the meaning of the Securities Act or the Securities Exchange Act of 1934, as amended (the
&#147;<B><U>Exchange Act</U></B><B></B>&#148;<B></B><B>),</B> against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar
as such losses, claims, damages, or liabilities (or actions, proceedings or settlements in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (each, a &#147;<B><U>Violation</U></B>&#148;): (i)
any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary prospectus or final prospectus contained in such registration statement or any amendments or supplements thereto,
(ii)&nbsp;the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii)&nbsp;any violation or alleged violation by the Company of the Securities
Act, the Exchange Act, any state securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities law; and the Company will pay to each such Holder, underwriter or Controlling person, as
incurred, any legal or other expenses reasonably incurred by them in connection with investigating, defending or settling any such loss, claim, damage, liability, or action; <U>provided</U>, <U>however</U>, that the indemnity agreement contained in
this <U>Section&nbsp;2.9(a)</U> (<U>Indemnification</U>) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or action if such settlement is effected without the consent of the Company (which consent shall not
be unreasonably withheld), nor shall the Company be liable to any Holder, underwriter or Controlling person for any such loss, claim, damage, liability, or action to the extent that it arises out of or is based upon a Violation which occurs solely
as a result of any written information furnished expressly for use in connection with such registration by such Holder, underwriter or Controlling person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) To the extent permitted by applicable Laws, each selling Holder will indemnify and hold harmless the Company, each of its directors, each
of its officers who has signed the registration statement, each person, if any, who Controls the Company within the meaning of the Securities Act, any underwriter, any other Holder selling securities in such registration statement and any
Controlling person of any such underwriter or other Holder, against any losses, claims, damages, or liabilities (joint or several) to which any of the foregoing persons may become subject, under the Securities Act, the Exchange Act or other federal
or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereto) arise out of or are based upon any Violation by such Holder, in each case to the extent (and only to the extent) that such Violation occurs solely
as a result of any written information furnished by such Holder expressly for use in connection with such registration; and each such Holder will pay, as incurred, any legal or other expenses reasonably incurred by any person intended to be
indemnified pursuant to this <U>Section&nbsp;2.9(b)</U> (<U>Indemnification</U>), in connection with investigating, defending or settling any such loss, claim, damage, liability, or action; <U>provided</U>, <U>however</U>, that the indemnity
agreement </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-19- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
contained in this <U>Section&nbsp;2.9(b)</U> (<U>Indemnification</U>) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is
effected without the consent of the Holder (which consent shall not be unreasonably withheld); <U>provided further</U>, that in no event shall any indemnity under this <U>Section&nbsp;2.9(b)</U> (<U>Indemnification</U>) exceed the net proceeds from
the offering received by such Holder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Promptly after receipt by an indemnified party under this <U>Section&nbsp;2.9</U>
(<U>Indemnification</U>) of a notice of the commencement of any action (including any governmental action), such indemnified party shall, if a claim in respect thereof is to be made against any indemnifying party under this <U>Section&nbsp;2.9</U>
(<U>Indemnification</U>), deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other
indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties; <U>provided</U>, <U>however</U>, that an indemnified party (together with all other indemnified parties which may be represented
without conflict by one counsel) shall have the right to retain one (1)&nbsp;separate counsel, with the reasonable fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver a written notice to the indemnifying
party within a reasonable time after the commencement of any such action, if actually and materially prejudicial to its ability to defend such action, shall relieve such indemnifying party from any liability to the indemnified party under this
<U>Section&nbsp;2.9</U> (<U>Indemnification</U>), but the omission to deliver a written notice to the indemnifying party will not relieve the indemnifying party from any liability that it may have to any indemnified party otherwise than under this
<U>Section&nbsp;2.9</U> (<U>Indemnification</U>). No indemnifying party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement that
does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect of such claim or litigation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) If the indemnification provided for in this <U>Section&nbsp;2.9</U> (<U>Indemnification</U>) is held by a court of competent jurisdiction
to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid
or payable by such indemnified party as a result of such loss, liability, claim, damage, or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the
other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations; <U>provided</U>, <U>however</U>, that in no event shall any contribution by
a Holder under this <U>Section&nbsp;2.9(d)</U> (<U>Indemnification</U>) exceed the net proceeds from the offering received by such Holder. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties&#146; relative
intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-20- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(e) The obligations of the Company and Holders under this <U>Section&nbsp;2.9</U>
(<U>Indemnification</U>) shall survive the completion of any offering of Registrable Securities in a registration statement under this <U>Section&nbsp;2</U> (<U>Registration Rights</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.10 <U>Assignment of Registration Rights</U>. The rights to cause the Company to register Registrable Securities pursuant to this
<U>Section&nbsp;2</U> (<U>Registration Rights</U>) may be assigned (but only with all related obligations) by a Holder to (i)&nbsp;any partner or retired partner or affiliated fund of any Holder which is a partnership, (ii)&nbsp;any member or former
member of any Holder which is a limited liability company, (iii)&nbsp;any family member or trust for the benefit of any individual Holder, (iv)&nbsp;any Affiliate of a Holder, or (v)&nbsp;a transferee or assignee who acquires at least 20% of the
shares of Registrable Securities originally purchased by the Holder (as adjusted for any share dividends, combinations, reclassifications or splits with respect to such shares); provided, in each case, that the Company is, within a reasonable time
after such transfer, furnished with a written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned, and, <U>provided further</U>, that the transferee or
assignee of such registration rights assumes in writing the obligations of such Holder under this <U>Section&nbsp;2</U> (<U>Registration Rights</U>). For the purposes of determining the amount of Registrable Securities held by a transferee or
assignee, the holdings of transferees and assignees of a business entity who are Affiliates, retired Affiliates of such entity (including spouses and ancestors, lineal descendants and siblings of such Affiliates or Affiliates who acquire Registrable
Securities by gift, will or intestate succession) shall be aggregated together and with the business entity; <U>provided</U> that all assignees and transferees who would not qualify individually for assignment of registration rights shall have a
single <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorney-in-fact</FONT></FONT> for the purpose of exercising any rights, receiving notices or taking any action under this <U>Section&nbsp;2</U> (<U>Registration Rights</U>).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.11 <U>Limitations on Subsequent Registration Rights</U>. From and after the date of this Agreement, the Company shall not, without the
prior written consent of the Holders of a majority of the outstanding Registrable Securities, enter into any agreement with any holder or prospective holder of any securities of the Company which would allow such holder or prospective holder
(a)&nbsp;to include such securities in any registration filed under <U>Section&nbsp;2.2</U> (<U>Company Registration</U>), unless under the terms of such agreement, such holder or prospective holder may include such securities in any such
registration only to the extent that the inclusion of its securities will not reduce the amount of the Registrable Securities of the Holders which is included, or (b)&nbsp;to make a demand registration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.12 <U>Reports under the Exchange Act</U>. With a view to making available to the Holders the benefits of Rule 144 and any other rule or
regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public pursuant to a registration on Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT STYLE="white-space:nowrap">S-3,</FONT> as the
case may be, or without registration, the Company agrees to: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) make and keep public information available, as those terms are
understood and defined in Rule 144, at all times after the effective date of the first registration statement filed by the Company for the offering of its securities to the general public so long as the Company remains subject to the periodic
reporting requirements under Sections 13 or 15(d) of the Exchange Act; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) take such action, including the voluntary registration of its
Ordinary Shares under <U>Section&nbsp;12</U> of the <U>Exchange Act</U>, as is necessary to enable the Holders </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-21- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
to utilize Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT STYLE="white-space:nowrap">S-3</FONT> (or any successor form that provides for short-form registration), as the case may
be, for the sale of their Registrable Securities, such action to be taken as soon as practicable after the end of the fiscal year in which the first registration statement filed by the Company for the offering of its securities to the general public
is declared effective; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) file with the SEC (or such governing authorities, as applicable) in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act, or other applicable securities regulations; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d)
furnish to any Holder, so long as accurate and so long as the Holder owns any Registrable Securities, forthwith upon request (i)&nbsp;a written statement by the Company that it has complied with the reporting requirements of Rule 144 (at any time
after ninety (90)&nbsp;days after the effective date of the first registration statement filed by the Company), the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), or that it qualifies as
a registrant whose securities may be resold pursuant to Form <FONT STYLE="white-space:nowrap">F-3</FONT> or Form <FONT STYLE="white-space:nowrap">S-3</FONT> (or any successor form that provides for short-form registration) (at any time after it so
qualifies), as the case may be, (ii)&nbsp;a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii)&nbsp;such other information as may be reasonably requested in
availing any Holder of any rule or regulation of the SEC which permits the selling of any such securities without registration or pursuant to such form. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.13 <U>&#147;Market <FONT STYLE="white-space:nowrap">Stand-Off&#148;</FONT> Agreement</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) Each Holder hereby agrees that, during the period (the <B></B>&#147;<B><U>Lock-up Period</U></B>&#148;<B>)</B> of duration (up to, but not
exceeding, one hundred and eighty (180)&nbsp;days unless extended as provided below) specified in the relevant underwriting agreement by the Company and an underwriter of the Ordinary Shares, following the date of the final prospectus which forms a
part of a registration statement of the Company filed under the Securities Act, it shall not, to the extent requested by the Company and such underwriter, directly or indirectly sell, offer to sell, contract to sell (including any short sale), grant
any option to purchase or otherwise transfer or dispose of (other than to donees who agree to be similarly bound) any securities of the Company held by it at any time during such period except Registrable Securities included in such registration, if
any. Each Holder agrees to execute an agreement with said underwriters in customary form consistent with the provisions of this <U>Section&nbsp;2.13</U> (<U>&#147;Market <FONT STYLE="white-space:nowrap">Stand-Off&#148;</FONT> Agreement</U>),
<U>provided</U>, <U>however</U>, that (i)&nbsp;all directors, officers and holders of the outstanding Ordinary Shares shall sign substantially identical agreements and (ii)&nbsp;the agreement permits transfers to Affiliates or other transferees if,
in each case, the transferee enters into a substantially similar agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) In order to enforce the foregoing covenant, the Company
may impose stop-transfer instructions with respect to the Registrable Securities of each Holder (and the shares or securities of every other person subject to the foregoing restriction) until the end of such
<FONT STYLE="white-space:nowrap">Lock-up</FONT> Period and each Holder agrees that, if so requested, such Holder will execute an agreement in the form provided by the underwriter containing terms which are essentially consistent with the provisions
of this <U>Section&nbsp;2.13</U> (<U>&#147;Market <FONT STYLE="white-space:nowrap">Stand-Off&#148;</FONT> Agreement</U>). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-22- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding the foregoing, the obligations described in this
<U>Section</U><U></U><U>&nbsp;2.13</U> (<U>&#147;Market Stand-Off&#148; Agreement</U>) shall not apply to a registration relating solely to employee benefit plans on Form S-8 or similar forms which may be promulgated in the future, or a registration
relating solely to an SEC Rule 145 transaction on Form S-4 or similar forms which may be promulgated in the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.14 <U>Termination
of Registration Rights</U>. No Holder shall be entitled to exercise any right provided for in this <U>Section</U><U></U><U>&nbsp;2</U> (<U>Registration Rights</U>) (except for <U>Section</U><U></U><U>&nbsp;2.9</U> (<U>Indemnification</U>)) after the
earlier of (i)&nbsp;five (5) years following the consummation of a QIPO, and (ii)&nbsp;such time as Rule 144 is available for the sale of all (and not less than all) of such Holder&#146;s Ordinary Shares (with all transfer restrictions and
restrictive legends removed upon such sale) to the public during a ninety (90)&nbsp;day period without registration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.15 <U>Foreign
Registrations</U>. To the extent the Company effects a public offering or registration in a jurisdiction outside the U.S., the registration rights afforded to the Holders, and the intent of the related provisions hereunder shall, subject to the
applicable securities regulations, be carried out and applied as nearly as possible in such foreign jurisdiction as if such public offering or registration were effected in the U.S. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"><U><B>RIGHT OF PARTICIPATION</B></U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.1 <U>General</U>. Each Shareholder shall have the Right
of Participation to purchase its Participation Pro Rata Share of any New Securities that the Company may from time to time issue after the date of this Agreement, <U>provided</U> that the Shareholder exercising the Right of Participation must
undertake to the Company and the other Shareholders that it purchases the New Securities entirely for its own account, and not as a nominee holder for any third party. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.2 <U>Procedures</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a)
<U>First Participation Notice</U>. In the event that the Company proposes to issue New Securities, it shall give to each Shareholder a written notice (the &#147;<U><B>First</B> <B>Participation Notice</B></U>&#148;), describing the amount and type
of New Securities, the price and the general terms upon which the Company proposes to issue such New Securities. Each Shareholder shall have the right to purchase all or a portion of such Shareholder&#146;s Participation Pro Rata Share of such New
Securities for the price and upon the terms and conditions specified in the First Participation Notice by giving a written notice to the Company within twenty (20)&nbsp;days from the date of receipt of such First Participation Notice and stating
therein the quantity of New Securities to be purchased by such Shareholder (not to exceed its Participation Pro Rata Share of such New Securities). If any Shareholder fails to so notify in writing within such twenty (20)&nbsp;day period to purchase
its full Participation Pro Rata Share of the New Securities, such Shareholder shall forfeit the right hereunder to purchase that part of its Participation Pro Rata Share of such New Securities that it did not elect to purchase but without prejudice
to participating in any future or other offerings of New Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) <U>Second Participation Notice; Oversubscription</U>. If any
Shareholder does not exercise in full its Right of Participation within the above twenty (20)&nbsp;day period, the Company shall promptly give a written notice (the &#147;<U><B>Second Participation</B> <B>Notice</B></U>&#148;) to each of the
Shareholders who has exercised in full its Right of Participation in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-23- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
accordance with <U>Section</U><U></U><U>&nbsp;3.2(a)</U> (<U>First Participation Notice</U>) above (the &#147;<U><B>Preemptive Right</B> <B>Participants</B></U>&#148;). Each Preemptive Right
Participant shall have ten (10)&nbsp;days from the date of receipt of the Second Participation Notice to notify the Company of its desire to purchase more than its Participation Pro Rata Share of the New Securities, stating the number of the
additional New Securities it proposes to buy. If, as a result thereof, such oversubscription exceeds the total number of the remaining New Securities available for purchase, each oversubscribing Preemptive Right Participant will be cut back by the
Company with respect to its oversubscription to that number of remaining New Securities equal to the lesser of (x)&nbsp;the number of the additional New Securities such oversubscribing Preemptive Right Participant proposed to buy, and (y)&nbsp;the
product obtained by multiplying (i)&nbsp;the number of the remaining New Securities available for subscription by (ii)&nbsp;a fraction, the numerator of which is the number of Ordinary Shares held by such oversubscribing Preemptive Right Participant
and the denominator of which is the total number of Ordinary Shares held by all the oversubscribing Preemptive Right Participants. Each Preemptive Right Participant shall be obligated to buy such number of New Securities as determined by the Company
pursuant to this <U>Section</U><U></U><U>&nbsp;3.2(b)</U> (<U>Second Participation Notice; Oversubscription</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding
anything to the contrary in this <U>Section</U><U></U><U>&nbsp;3</U> (<U>Right of Participation</U>), the Company shall have the right to consummate an issuance of New Securities at any time with one or more Shareholders who have exercised their
Right of Participation and are able to consummate such issuance before the expiration of the periods contemplated in <U>Section</U><U></U><U>&nbsp;3.2(a)</U> (<U>First Participation Notice</U>) and <U>Section</U><U></U><U>&nbsp;3.2(b)</U> (<U>Second
Participation Notice; Oversubscription</U>); <U>provided</U> that (i)&nbsp;such Shareholders shall not be entitled to acquire more New Securities than they would have been entitled to acquire if such periods had lapsed in full, and (ii)&nbsp;each
other Shareholder shall continue to be entitled to acquire the same number of New Securities during such periods contemplated above as such Shareholder would have been entitled to acquire if the Company had not consummated any issuances before such
periods had lapsed in full. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.3 <U>Failure to Exercise</U>. Upon the expiration of a ten (10)&nbsp;day period from the date of the Second
Participation Notice, or the twenty (20)&nbsp;day period from the date of the First Participation Notice (if no Shareholder exercises its Right of Participation within such 20-day period), the Company shall have ninety (90)&nbsp;days thereafter to
sell the New Securities described in the First Participation Notice (with respect to which the Rights of Participation hereunder were not exercised) at the same or higher price and on terms not more favorable to the purchasers thereof than those
specified in the First Participation Notice. In the event that the Company has not issued and sold such New Securities within such ninety (90)&nbsp;day period, the Company shall not thereafter issue or sell any such New Securities without again
first offering such New Securities to the Shareholders pursuant to this <U>Section</U><U></U><U>&nbsp;3</U> (<U>Right of Participation</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.4 <U>No Obligation to Consummate</U>. The Company shall not be obligated to consummate any proposed issuance of New Securities, nor be
liable to any Shareholder if the Company has not consummated any proposed issuance of New Securities pursuant to this <U>Section</U><U></U><U>&nbsp;3</U> (<U>Right of Participation</U>) for whatever reason, regardless of whether it shall have
delivered a First Participation Notice or received any exercise notice in respect of such proposed issuance (<U>provided</U> that in such case the Company shall use its best efforts to consummate the issuance of New Securities to the Shareholders
that have delivered such exercise notice). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-24- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"><U><B>RIGHT OF FIRST REFUSAL; OTHER TRANSFER RESTRICTIONS</B></U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.1 <U>Restriction on
Transfer</U>. For so long as there are Company Securities issued and outstanding, none of the Shareholders shall directly or indirectly Transfer any Company Securities in contravention of the Articles, this <U>Section</U><U></U><U>&nbsp;4</U>
(<U>Right of First Refusal;</U> <U>Other Transfer Restrictions</U>) or <U>Section</U><U></U><U>&nbsp;5</U> (<U>Right of Co-sale</U>). Such restrictions, however, shall not be applicable to any Transfer of the Company Securities (a)&nbsp;to an
Affiliate of such Shareholder, (b)&nbsp;to a custodian or a trustee, including a trustee of a voting trust, or partnership solely for the account and benefit of a Shareholder, (c)&nbsp;among the Shareholders, (d)&nbsp;by CIFH to certain designees of
shareholders of R2G Limited of up to 9,977,004 Ordinary Shares, in one or more transactions, as an alternative method to achieve the economic purpose contemplated by the R2G Agreement (in which case (i)&nbsp;the Company shall pay to CIFH on behalf
of the relevant recipients of such shares at US$0.3333 per share, as if the Company had repurchased such shares from CIFH and re-issued the same to the relevant shareholders of R2G Limited and (ii)&nbsp;the Company&#146;s right to issue an
equivalent number of shares under (ix)&nbsp;of the definition of &#147;New Securities&#148; shall forfeit) or (e)&nbsp;by the designees of shareholders of R2G Limited by way of waiving or non-exercising their right to receive any shares under the
above (d)&nbsp;in exchange for cash consideration payable by CIFH, <U>provided</U> that in each case of (a), (b), (c) and (d), each such transferee or assignee, prior to the completion of the Transfer shall have executed documents fully and
unconditionally assuming all of the obligations of such Shareholder under this Agreement with respect to the Transferred Company Securities; <U>provided</U>, <U>further</U>, that in the case of (a), if such transferee at any time ceases to be an
Affiliate of such Shareholder, such transferee shall, prior to its ceasing to be an Affiliate of such Shareholder, Transfer such Company Securities back to such Shareholder. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.2 <U>Lock-up Covenant</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) <U>Key</U><U> </U><U>Management</U><U> </U><U>Lock-up</U>. Notwithstanding anything otherwise provided in this Agreement, each of the Key
Management agrees and covenants that, without the prior written consent of Tencent, (i)&nbsp;at any time during the first three (3)&nbsp;years after the Tencent Closing Date, he will not, Transfer, directly or indirectly, any Company Securities that
are in excess of thirty percent (30%) of the aggregate Company Securities held or beneficially owned by him (subject to subsequent adjustment for share splits, share dividends, reverse share splits, re-capitalizations and the like) as of the Tencent
Closing Date, whether in a single transaction or a series of transactions; and (ii)&nbsp;at any time during each one-year period for the three (3)&nbsp;years after the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>) anniversary of
the Tencent Closing Date, he will not, Transfer, directly or indirectly, any Company Securities that are in excess of one-third (1/3) of the aggregate remaining Company Securities held or beneficially owned by him (subject to subsequent adjustment
for share splits, share dividends, reverse share splits, re-capitalizations and the like) as of the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>) anniversary of the Tencent Closing Date, whether in a single transaction or a series
of transactions; <I>provided</I> that with respect to any Key Management, if at any time during the four-year period after the Tencent Closing Date, (x)&nbsp;such Key Management has been removed as officer and employee of all Group Companies and all
the employment agreements with such Key Management have been terminated by all Group Companies, or (y)&nbsp;such Key Management becomes a key executive of the general partner of the Music Fund (for the avoidance of doubt, once such Key Management
becomes a key executive of the general partner of the Music Fund, such Key Management should have resigned and no longer been a director, officer or employee of any Group Company) (either (x)&nbsp;or (y), the &#147;<U><B>Shortened Lock-up Triggering
Event</B></U>&#148;), then </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-25- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">upon the resignation by such Key Management as directors of all Group Companies, the above Key Management
lock-up provision shall be replaced by the following: without the prior written consent of Tencent, at any time during each one-year period for the two (2)&nbsp;years after the Shortened Lock-up Triggering Event, he will not, Transfer, directly or
indirectly, any Company Securities that are in excess of one-half (1/2) of the aggregate Company Securities held or beneficially owned by him (subject to subsequent adjustment for share splits, share dividends, reverse share splits,
re-capitalizations and the like) as of the Shortened Lock-up Triggering Event, whether in a single transaction or a series of transactions (any Transfer made as permitted pursuant to this proviso shall be a <B></B>&#147;<B><U>Qualified
Transfer</U></B>&#148;<B></B>); <I>provided further</I> that, notwithstanding anything to the contrary in <U>Section</U><U></U><U>&nbsp;4.1</U>, any proposed Transfer of Company Securities held or beneficially owned by such Key Management that is a
Qualified Transfer (including any Transfer made by such Key Management&#146;s Affiliates or permitted transferees) to any person (including to any other Shareholder) shall comply with, and be subject to the Right of First Refusal of each Shareholder
in accordance with the respective provisions under this <U>Section</U><U></U><U>&nbsp;4</U> (<U>Right of First</U> <U>Refusal; Other Transfer Restrictions</U>). The lock-up contemplated under this <U>Section</U><U></U><U>&nbsp;4.2(a)</U> (<U>Key
Management Lock-up</U>) shall terminate upon the earliest of (i)&nbsp;the second (2nd) anniversary of the Shortened Lock-up Triggering Event (only if the Shortened Lock-up Triggering Event is applicable); (ii) the sixth (6<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP>) anniversary of the Tencent Closing Date; and (iii)&nbsp;six months after the consummation of a QIPO. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.3 <U>Restrictions on Transfer</U><U> </U><U>to Restricted Persons</U>. Notwithstanding anything to the contrary contained herein, without
the prior written consent of Tencent, none of the Shareholders other than Tencent shall Transfer, directly or indirectly, any Company Securities held or beneficially owned by it to any Restricted Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.4 <U>Transferee Obligations; Future Holders</U>. Each person to whom the Company Securities are Transferred by means of one of the permitted
Transfers specified in <U>Section</U><U></U><U>&nbsp;4.1</U> (<U>Restriction on Transfer</U>) must, as a condition precedent to the validity of such Transfer, execute and deliver to each of the other parties a Joinder in the form set forth in
<U>Exhibit A</U>, pursuant to which such transferee or assignee shall agree to be bound by this Agreement as if it were an original party hereto. Additionally, the Company agrees that any future issuance of any New Securities to any person or entity
which results in such person or entity holding any Ordinary Shares (including Ordinary Shares issued or issuable upon the conversion or exercise of convertible or exercisable securities outstanding on the date of, and immediately following, the
adoption of this Agreement, the issuance of which shall have been approved pursuant to the Articles), as a condition for such issuance, the recipient must execute and deliver to the parties hereto a Joinder in the form set forth in <U>Exhibit A</U>,
pursuant to which such subscriber shall agree to be bound by this Agreement as if it were an original party hereto. This <U>Section</U><U></U><U>&nbsp;4.4</U> shall not apply to the issuance, or permitted Transfer by any Shareholder, of Ordinary
Shares to any Spotify Investor, or to any Transfers by any Spotify Investor in accordance with the Spotify Investor Agreement. Further, each Shareholder understands and agrees that the Spotify Investors are not parties to or bound by this Agreement
and that the Spotify Investor Agreement shall apply to the Spotify Investors in lieu of any provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.5 <U>Grant of
Right of First Refusal</U>. Subject to the Drag-Along Right as set forth in Section&nbsp;6, each of the Shareholders is hereby granted a right of first refusal (the <B></B>&#147;<B><U>Right of First Refusal</U></B>&#148;<B></B>), exercisable in
connection with any proposed Transfer of the Company Securities held by any other Shareholder, <U>provided</U> that the Shareholder exercising </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-26- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">such Right of First Refusal must undertake to the Company and the other Shareholders that it purchases such
Company Securities entirely for its own account, and not as a nominee holder for any third party. This <U>Section</U><U></U><U>&nbsp;4</U> (<U>Right of First Refusal; Other Transfer Restrictions</U>) shall not apply to any of the permitted Transfers
under <U>Section</U><U></U><U>&nbsp;4.1</U> (<U>Restriction on Transfer</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.6 <U>Exercise of Right of First Refusal</U>. In the event
a Shareholder (the &#147;<B><U>Transferring Shareholder</U></B>&#148;) desires to accept a bona fide offer from a third party (other than the Restricted Persons) (the &#147;<B><U>Prospective Transferee</U></B>&#148;) for any or all of the Company
Securities then held by such Transferring Shareholder (the Company Securities subject to such offer to be hereinafter called the &#147;<B><U>Target Shares</U></B>&#148;), the Transferring Shareholder shall promptly (i)&nbsp;deliver to each of the
other Shareholders (the &#147;<B><U>Non-Transferring</U> <U>Shareholders</U></B>&#148;) a written notice (the &#147;<B><U>Disposition Notice</U></B>&#148;) describing the terms and conditions of the offer, including the purchase price and the
identity of the Prospective Transferee; and (ii)&nbsp;provide satisfactory proof that the disposition of the Target Shares to such Prospective Transferee would not be in contravention of the provisions set forth in this
<U>Section</U><U></U><U>&nbsp;4</U> (<U>Right of First Refusal; Other Transfer Restrictions</U>). Each Non-Transferring Shareholder may exercise the Right of First Refusal and, thereby, purchase all or any part of its ROFR Pro Rata Portion (as
defined below and with any re-allotments as provided below) of the Target Shares at the same price and subject to the same material terms and conditions as described in the Disposition Notice, by notifying the Transferring Shareholder in writing
within thirty (30)&nbsp;days after receiving the Disposition Notice (the &#147;<B><U>ROFR First Response Period</U></B>&#148;) as to the number of such Target Shares that it wishes to purchase. No Shareholder shall have a right to purchase any of
the Target Shares unless it exercises its Right of First Refusal within the ROFR First Response Period. If any Prospective Transferee has offered to pay for any Target Shares with property, services or any other non-cash consideration, the
Non-Transferring Shareholders shall nevertheless have the right to pay for such Target Shares with cash in an amount equal to the fair market value of the non-cash consideration offered by the Prospective Transferee in question, where the fair
market value of such non-cash consideration shall be conclusively determined in good faith by the Board. For purposes of this <U>Section</U><U></U><U>&nbsp;4.6</U> (<U>Exercise of Right of First Refusal</U>), the term &#147;<B><U>ROFR Pro Rata
Portion</U></B>&#148; means that number of Company Securities equal to the product obtained by multiplying (i)&nbsp;the aggregate number of Target Shares covered by the Disposition Notice by (ii)&nbsp;a fraction, the numerator of which is the number
of Company Securities held by such Non-Transferring Shareholder (assuming the conversion of all securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares) at the time of
the sale or transfer and the denominator of which is the total number of Company Securities held by all Non-Transferring Shareholders (assuming the conversion of all securities convertible into Ordinary Shares and exercise of all warrants, options
and other securities exercisable for Ordinary Shares). If any Non-Transferring Shareholder fails to notify the Transferring Shareholder of such Non-Transferring Shareholder&#146;s exercise of its Right of First Refusal, or, if any Non-Transferring
Shareholder notifies the Transferring Shareholder that such Non-Transferring Shareholder will only partially exercise its Right of First Refusal, in each case within the ROFR First Response Period, then the Transferring Shareholder shall, as soon as
possible but in any event within two (2)&nbsp;days after the expiration of the ROFR First Response Period, give a written notice (the &#147;<B><U>Overallotment Notice</U></B>&#148;) to each Non-Transferring Shareholder who has elected to exercise in
full its ROFR Pro Rata Portion of the Target Shares (the &#147;<B><U>Fully-Exercising ROFR Shareholders</U></B>&#148;) specifying the Target Shares that are still available to be purchased by the Fully-Exercising ROFR Shareholders. Such
Overallotment Notice may be made by telephone if confirmed in writing within two (2)&nbsp;days. The Fully-Exercising ROFR Shareholders shall have a right of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-27- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">overallotment, exercisable within five (5)&nbsp;days upon receiving the Overallotment Notice (the
&#147;<B><U>ROFR Second Response Period</U></B>&#148;), to buy up to all of the unsold Target Shares, or if more than one Fully-Exercising ROFR Shareholders exercise their overallotment right, the number of unsold Target Shares to be purchased by
each Fully-Exercising ROFR shall be reduced, to the extent necessary, to such number based on the number of Company Securities held by each Fully-Exercising ROFR Shareholder who has exercised its overallotment right (assuming the conversion of all
securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares) divided by the number of Company Securities held by all Fully-Exercising ROFR Shareholders who have exercised
their overallotment right (assuming the conversion of all securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.7 <U>Non-Exercise of Right</U>. If, after applying the procedure set forth in <U>Section</U><U></U><U>&nbsp;4.6</U> (<U>Exercise of Right of
First Refusal</U>), there are still Target Shares not yet been purchased by the Non-Transferring Shareholders (such shares, the <B></B>&#147;<B><U>Available For Sale</U><U> </U><U>Target Shares</U></B>&#148;<B></B>), the Transferring Shareholder
shall have a period of ninety (90)&nbsp;days thereafter to sell or otherwise dispose of such Available For Sale Target Shares, subject to the provisions of <U>Section</U><U></U><U>&nbsp;5</U> (<U>Right of Co-sale</U>) below, to the Prospective
Transferee(s) identified in the Disposition Notice, upon terms and conditions (including the purchase price) no more favorable to such Prospective Transferee(s) than those specified in the Disposition Notice. If the Transferring Shareholder has not
completed the sale or disposition of the Available For Sale Target Shares within the specified ninety (90)&nbsp;day period, the Non-Transferring Shareholders&#146; Right of First Refusal hereunder shall once again apply to the transfer of the
Available For Sale Target Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.8 <U>Recapitalization</U>. In the event of any share dividend, share split, sub- division or
consolidation of shares, recapitalization or other transaction affecting the Company&#146;s outstanding Company Securities as a class effected without receipt of consideration, then any new, substituted or additional securities or other property
that is by reason of such transaction distributed with respect to the Company Securities shall be immediately subject to the Non-Transferring Shareholders&#146; Right of First Refusal hereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.9 <U>Payment</U>. Payment of the purchase price for the Target Shares (or a portion thereof, as applicable) shall be made at the time as
agreed between the Transferring Shareholder and each of the Non-transferring Shareholders that has elected to exercise the Right of First Refusal, provided that such time shall not be later than the closing time specified in the Disposition Notice,
unless otherwise agreed by the Transferring Shareholder and the relevant Non-transferring Shareholders. Payment of the purchase price shall be made by wire transfer or check as directed by the Transferring Shareholder against delivery of the Target
Shares to be purchased (or a portion thereof, as applicable). </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"><U><B>RIGHT OF CO-SALE</B></U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.1 Subject to <U>Section</U><U></U><U>&nbsp;4</U> (<U>Right of
First Refusal; Other Transfer</U><U> </U><U>Restrictions </U>) above, and to the extent that (i)&nbsp;there are Available For Sale Target Shares, and (ii)&nbsp;the sale of Available For Sale Target Shares would result in a third party other than
Tencent owning at least 50% of the total share capital of the Company on a fully diluted basis, each Non-Transferring Shareholder shall have the right, exercisable upon written notice (the &#147;<U><B>Co-Sale Notice</B></U>&#148;) delivered to the
Transferring Shareholder within ten (10)&nbsp;days </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-28- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">after the expiration of the ROFR Second Response Period or, if none of the Non-Transferring Shareholders have
exercised their Right of First Refusal within the ROFR First Response Period, within ten (10)&nbsp;days after the expiration of the ROFR First Response Period, to participate in the sale of the Available For Sale Target Shares on the terms and
conditions as set forth in <U>Section</U><U></U><U>&nbsp;5.2</U> below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.2 Each Non-Transferring Shareholder may participate in the
proposed sale and sell that number of Company Securities not to exceed the number of shares calculated by multiplying the aggregate number of the Available For Sale Target Shares by a fraction, the numerator of which is the number of Company
Securities held by such Non- Transferring Shareholder (assuming the conversion of all securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares) at the time of the Co-Sale
Notice and the denominator of which is the sum of (A)&nbsp;the aggregate number of Company Securities held by all Shareholders exercising the co-sale right hereunder plus (B)&nbsp;the number of the Company Securities held by the Transferring
Shareholder (assuming the conversion of all securities convertible into Ordinary Shares and exercise of all warrants, options and other securities exercisable for Ordinary Shares), and the Company Securities that can be sold by the Transferring
Shareholder to the Prospective Transferee shall be correspondingly reduced. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.3 The Non-Transferring Shareholders shall effect their
participation in the proposed sale by promptly delivering to the Transferring Shareholder an instrument of transfer, together with one or more certificates that represent the number of Company Securities that the Non-Transferring Shareholder elects
to sell. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.4 The Transferring Shareholder shall deliver to the Company the instrument(s) of transfer and share certificate(s) in respect
of the transfer of any Company Securities pursuant to <U>Section</U><U></U><U>&nbsp;5.3</U> promptly upon receipt of the same. Upon receipt of the instrument(s) of transfer and share certificate(s) referred to above from the Transferring
Shareholder, the Company shall register such transfer and make the appropriate entries on the register of members of the Company to reflect such transfer, and the Transferring Shareholder shall concurrently therewith remit to the Company for
delivery to each of the Non-Transferring Shareholders that portion of the sale proceeds to which such Non- Transferring Shareholder is entitled by reason of its participation in such transfer. To the extent that any Prospective Transferee prohibits
such assignment or otherwise refuses to purchase Company Securities from a Non-Transferring Shareholder exercising its right of co- sale hereunder, the Transferring Shareholder shall not sell to such Prospective Transferee any Company Securities
unless and until, simultaneously with such sale, the Prospective Transferee shall purchase from such Non-Transferring Shareholder the Company Securities that such Non-Transferring Shareholder is entitled to sell under this
<U>Section</U><U></U><U>&nbsp;5</U> (<U>Right of Co-</U> <U>Sale</U>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.5 The exercise or non-exercise of the right of co-sale by the
Non- Transferring Shareholders hereunder shall not adversely affect their right to participate in subsequent sales of Company Securities subject to <U>Section</U><U></U><U>&nbsp;5.1</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.6 <U>Exempt Transfers</U>. Notwithstanding anything to the contrary, this <U>Section</U><U></U><U>&nbsp;5</U> (<U>Right of Co-Sale</U>)
shall not apply to any transfer permitted under <U>Section</U><U></U><U>&nbsp;4.1</U> (<U>Restriction on Transfer</U>). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-29- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>6<B></B>.<B></B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>LEGEND</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.1 Each certificate representing the Ordinary Shares now or hereafter
owned by the Shareholders or issued to any person in connection with a transfer pursuant to <U>Sections 4</U> (<U>Right of First Refusal; Other Transfer Restrictions</U>) or <U>5</U> (<U>Right of Co-sale</U>) or otherwise shall be endorsed with the
following legend: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>&#147;THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE
TERMS AND CONDITIONS OF A SHAREHOLDERS AGREEMENT BY AND AMONG THE HOLDER HEREOF, THE COMPANY AND THE OTHER SHAREHOLDERS OF THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.&#148;</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.2 The register of members of the Company shall be endorsed with the following legend during the term of this Agreement: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>&#147;CERTAIN ORDINARY SHARES OF THE COMPANY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A SHAREHOLDERS AGREEMENT BY AND AMONG THE HOLDER OF
THE SHARES, THE COMPANY AND THE OTHER SHAREHOLDERS OF THE COMPANY, CONTAINING TRANSFER AND OTHER RESTRICTIONS, AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE PERSON ACCEPTING SUCH SHARES SHALL BE DEEMED TO AGREE AND SHALL BECOME BOUND BY THE
PROVISIONS OF SAID AGREEMENT. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.&#148;</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.3 Each Shareholder agrees that the Company may instruct its transfer agent to impose transfer restrictions on the Ordinary Shares
represented by certificates bearing the legend referred to in this <U>Section</U><U></U><U>&nbsp;6</U> (<U>Legend</U>) above to enforce the provisions of this Agreement and the Company agrees to promptly do so. The legend shall be removed upon
termination of this Agreement. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>7<B></B>.<B></B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>DRAG-ALONG RIGHT</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.1 <U>Grant of Drag-Along Right</U>. Subject to
<U>Section</U><U></U><U>&nbsp;7.3</U> (<U>No Trade Sale to</U> <U>Restricted Persons</U>), at any time prior to an IPO, if Tencent proposes a Trade Sale at an equity valuation of the Company of not less than US$6&nbsp;billion on a fully diluted
basis, and: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) in the event that such proposed Trade Sale is to a bona fide third party (other than Tencent or any Affiliate of
Tencent), such Trade Sale has been approved by (x)&nbsp;no less than 75% of the Board, and (y)&nbsp;holders of no less than 75% of the issued and outstanding Ordinary Shares of the Company; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-30- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) in the event that such proposed Trade Sale is to Tencent or any Affiliate of Tencent,
such Trade Sale has been approved by holders of no less than 66.7% of the issued and outstanding Ordinary Shares of the Company (other than any Ordinary Shares held by Tencent or any of its Affiliates), </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">then upon a written request from Tencent, each of the other Shareholders shall (i)&nbsp;vote all voting Company Securities held by them in favor of the Trade
Sale and cause each director designated by it to vote in favor of the Trade Sale, (ii)&nbsp;refrain from exercising any dissenters&#146; rights or rights of appraisal under applicable Law at any time with respect to the Trade Sale,
(iii)&nbsp;execute and deliver all related documentation and take such other action in support of the Trade Sale as shall reasonably be requested by Tencent or the Company, and (iv)&nbsp;if the Trade Sale is structured as a transfer of Ordinary
Shares or other Company Securities, transfer all of the Ordinary Shares or other Company Securities to the third party to consummate the Trade Sale (the <B></B>&#147;<B><U>Drag-Along Right</U></B>&#148;<B></B>). When exercising the Drag-Along Right,
Tencent shall send written notice (the <B></B>&#147;<B><U>Sale Notice</U></B>&#148;<B></B>) to all other Shareholders with copy to the Company specifying the names of the purchaser(s), the nature of the Trade Sale, the consideration payable per
share or the total consideration payable and a summary of the material terms and conditions of such transaction. Upon receipt of a Sale Notice, all other Shareholders shall be obligated to consummate such Trade Sale in accordance with this
<U>Section</U><U></U><U>&nbsp;7.1</U> (<U>Grant of Drag-</U><U></U><U>Along Right)</U>. Notwithstanding the definition of Affiliates, the parties agree that for purposes of this <U>Section</U><U></U><U>&nbsp;7.1</U>, Affiliates of Tencent shall
exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.2 <U>Other Provisions</U>. In the event that any
other Shareholder fails for any reason to take any of the foregoing actions specified in <U>Section</U><U></U><U>&nbsp;7.1</U> after reasonable notice thereof, such Shareholder hereby grants an irrevocable power of attorney and proxy to any director
approving the Trade Sale to take all necessary actions and execute and deliver all documents deemed by such director to be reasonably necessary to effectuate the terms hereof. None of the transfer restrictions set forth in
<U>Section</U><U></U><U>&nbsp;4</U> (<U>Right of First Refusal; </U><U>Other Transfer Restrictions</U>) or <U>Section</U><U></U><U>&nbsp;5</U> (<U>Right of Co-Sale</U>) of this Agreement shall apply in connection with the Trade Sale proposed by
Tencent pursuant to <U>Section</U><U></U><U>&nbsp;7.1</U>, notwithstanding anything contained to the contrary herein. The power of attorney granted hereby is intended to secure an interest in property and, in addition, the obligations of each
relevant Shareholder under this Agreement, and shall be irrevocable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.3 <U>No Trade Sale to Restricted Persons</U>. Notwithstanding
anything to the contrary contained herein, without the prior written consent of Tencent, no Trade Sale shall be effected, or be permitted to be effected, to any Restricted Person. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.<U></U></TD>
<TD ALIGN="left" VALIGN="top"><U><B>BOARD AND MANAGEMENT</B></U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.1 <U>Board Size</U>. Each Shareholder shall vote at the
shareholders meetings, or give written consents with respect to all its Ordinary Shares, to ensure that the size of the Board shall be set and remain at nine (9)&nbsp;directors and the term of a director shall be three (3)&nbsp;years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-31- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.2 <U>Election of Directors</U>. On all matters relating to the election of one or more
directors of the Company, each Shareholder shall vote at the shareholders meetings, or give written consents with respect to all their Ordinary Shares, to elect directors to the Board in the following manner: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) (v) five (5)&nbsp;directors shall be appointed by Tencent and its Affiliates (the <B></B>&#147;<B><U>Tencent
Directors</U></B>&#148;<B></B>) by notice in writing to the Company as long as Tencent and its Affiliates directly or indirectly hold no less than 50% of the Company&#146;s issued and outstanding share capital; (w)&nbsp;four (4) directors shall be
appointed by Tencent and its Affiliates by notice in writing to the Company as long as Tencent and its Affiliates directly or indirectly hold 35% or more than 35% but less than 50% of the Company&#146;s issued and outstanding share capital;
(x)&nbsp;three (3) directors shall be appointed by Tencent and its Affiliates by notice in writing to the Company as long as Tencent and its Affiliates directly or indirectly hold 25% or more than 25% but less than 35% of the Company&#146;s issued
and outstanding share capital; (y)&nbsp;two (2) directors shall be appointed by Tencent and its Affiliates by notice in writing to the Company as long as Tencent and its Affiliates directly or indirectly hold 10% or more than 10% but less than 25%
of the Company&#146;s issued and outstanding share capital; and (z)&nbsp;one (1) director shall be appointed by Tencent and its Affiliates by notice in writing to the Company as long as Tencent and its Affiliates directly or indirectly hold 5% or
more than 5% but less than 10% of the Company&#146;s issued and outstanding share capital. For the avoidance of doubt, subclauses (v), (w), (x), (y) and (z)&nbsp;are mutually exclusive; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) (w) four (4)&nbsp;directors shall be appointed by all Shareholders other than Tencent and its Affiliates (such other Shareholders, the
<B></B>&#147;<B>Non-Tencent Shareholders</B>&#148;<B></B>) to the Company as long as the holders of Ordinary Shares other than Tencent and its Affiliates collectively hold not less than 35% of the Company&#146;s issued and outstanding share capital;
(x)&nbsp;three (3) directors shall be appointed by all Non-Tencent Shareholders by notice in writing to the Company as long as the holders of Ordinary Shares other than Tencent and its Affiliates collectively hold 25% or more than 25% but less than
35% of the Company&#146;s issued and outstanding share capital; (y)&nbsp;two (2) directors shall be appointed by all Non-Tencent Shareholders by notice in writing to the Company as long as the holders of Ordinary Shares other than Tencent and its
Affiliates collectively hold 10% or more than 10% but less than 25% of the Company&#146;s issued and outstanding share capital; and (z)&nbsp;one (1) director shall be appointed by all Non-Tencent Shareholders by notice in writing to the Company as
long as the holders of Ordinary Shares other than Tencent and its Affiliates collectively hold 5% or more than 5% but less than 10% of the Company&#146;s issued and outstanding share capital. For the avoidance of doubt, subclauses (w), (x), (y) and
(z)&nbsp;are mutually exclusive. In the event that subclause (w)&nbsp;applies, the four (4)&nbsp;directors shall be appointed as follows: (i)&nbsp;each Key Management shall be a director as long as (A)&nbsp;such Key Management continues to hold not
less than 70% of the Ordinary Shares held by such Key Management as of the date hereof; and (B)&nbsp;such Key Management remains as an officer or employee of any Group Company and complies with the provisions under Section&nbsp;8.9 hereof (for the
avoidance of doubt, (A)&nbsp;the failure of any one Key Management to meet the foregoing qualification requirements will not result in the other Key Management forfeiting his right to serve as a director of the Company if the other Key Management
satisfies the foregoing qualification requirements; and (B)&nbsp;upon the occurrence of any Shortened Lock-up Triggering Event with respect to any Key Management, such Key Management&#146;s right to serve as a director of the Company shall be
immediately forfeited); and (ii)&nbsp;the remaining two (2)&nbsp;directors shall be appointed by the Shareholders holding the largest and the second largest portion of the Company&#146;s share capital, other than Tencent, the Key Management and, for
the avoidance of doubt, the Spotify Investors, respectively (such Shareholder holding the largest portion, the <B></B>&#147;<B><U>Largest Financial Investor</U></B>&#148;<B></B>; and such Shareholder holding the second largest portion, the
<B></B>&#147;<B><U>Second Largest Financial Investor</U></B>&#148;<B></B>) by notice in writing, as long as the Largest Financial Investor and the Second Largest Financial Investor each holds not less than </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-32- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5% of the Company&#146;s issued and outstanding share capital (for the avoidance of doubt, the failure of the
Largest Financial Investor to meet the foregoing qualification requirement will not result in the Second Largest Financial Investor forfeiting its right to appoint a director of the Company if the Second Largest Financial Investor satisfies the
foregoing qualification requirement, and vice versa); <I>provided</I> that if (i)&nbsp;any one of the Key Management fails to satisfy the qualification requirements as described in this Section&nbsp;8.2(b) for him to serve as a director to the Board
or loses the director seat upon the occurrence of any Shortened Lock-up Triggering Event, or (ii)&nbsp;either the Largest Financial Investor or the Second Largest Financial Investor holds less than 5% of the Company&#146;s issued and outstanding
share capital, the Non- Tencent Shareholders shall hold a special meeting to fill the vacancy of the Board as a result thereof, and any Shareholder who has obtained the highest vote at such special meeting shall have the right to appoint one
(1)&nbsp;director to fill in such vacant director seat. In the event that subclause (x), (y) or (z)&nbsp;applies, the Non-Tencent Shareholders shall hold a special meeting, on which meeting each Non-Tencent Shareholder has the right to nominate
three (3), two (2)&nbsp;or one (1)&nbsp;candidates, as applicable, and the candidate(s) who have received the highest votes of the Non-Tencent Shareholders at such special meeting shall serve as the three (3), two (2)&nbsp;or one (1)&nbsp;directors,
as applicable; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) one of the Tencent Directors shall be the chairman of the Board as long as Tencent holds not less than 35% of the
Company&#146;s issued and outstanding share capital; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) each Shareholder agrees to vote in favor of the appointees as indicated
above to ensure that any such appointment, of a director appointed pursuant to this <U>Section</U><U></U><U>&nbsp;8.2</U> shall be made in accordance with this <U>Section</U><U></U><U>&nbsp;8.2</U> and the Articles as soon as practicable after the
relevant notice in writing is delivered to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the definition of Affiliates, the parties agree that for purposes
of this <U>Section</U><U></U><U>&nbsp;8.2</U>, Affiliates of Tencent shall exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.3 <U>Removal</U>. Each Shareholder shall have the right to require the removal or replacement of a Director appointed by it at any time.
Each Shareholder agrees that, if at any time it is then entitled to vote for the removal of directors from the Board, it shall not vote any of its Ordinary Shares or execute proxies or written consents, as the case may be, in favor of the removal of
any director who shall have been designated pursuant to <U>Section</U><U></U><U>&nbsp;8.2</U> (<U>Election of Directors</U>) or <U>Section</U><U></U><U>&nbsp;8.4</U> (<U>Vacancies</U>), unless the person or persons entitled to appoint such director
pursuant to <U>Section</U><U></U><U>&nbsp;8.2</U> (<U>Election of Directors</U>) shall have consented to such removal in writing; <I>provided</I> that, if the person or persons entitled to designate any director pursuant to
<U>Section</U><U></U><U>&nbsp;8.2</U> (<U>Election of Directors</U>) shall request in writing the removal, with or without cause, of such director, each Shareholder shall vote all of its Ordinary Shares or execute proxies or written consents, as the
case may be, in favor of such removal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.4 <U>Vacancies</U>. If, as a result of death, disability, retirement, resignation, removal or
otherwise, there shall exist or occur any vacancy on the Board: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) the person or persons entitled under
<U>Section</U><U></U><U>&nbsp;8.2</U> (<U>Election of</U><U> </U><U>Directors</U>) to designate such director whose death, disability, retirement, resignation or removal resulted in such vacancy, subject to the provisions of
<U>Section</U><U></U><U>&nbsp;8.2</U> (<U>Election of Directors</U>), shall have the exclusive right to designate another individual (the <B></B>&#147;<B><U>Replacement Nominee</U></B>&#148;<B></B>) to fill such vacancy and serve as a director on
the Board; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-33- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) subject to <U>Section</U><U></U><U>&nbsp;8.2</U> (<U>Election of Directors</U>), each
Shareholder agrees that if it is then entitled to vote for the election of directors to the Board, it shall vote all of its Ordinary Shares, or execute proxies or written consents, as the case may be, in order to ensure that the Replacement Nominee
be elected to the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.5 <U>Actions of the Board</U>. All actions of the Board shall require at least a majority of the votes cast by
the directors present at a duly-convened meeting of the Board at which a quorum is present or by written consent of all the directors of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.6 <U>Committees</U>. The Board may establish such committees with such powers as may be permitted by applicable Law and the Articles;
provided, that any such committees shall be subject to the direction of and any policies adopted by the Board. Unless otherwise prohibited by applicable Law, as long as Tencent directly or indirectly holds no less than 50% of the Company&#146;s
issued and outstanding share capital, at least a majority of the members of each such committee shall be the Tencent Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.7
<U>Board Composition of the Other Group Companies</U>. The Company and the Shareholders shall, unless otherwise prohibited by applicable Law, and to the extent agreed by the relevant directors, cause the board of directors of each other Group
Company to consist of the same persons as those directors then on the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.8 <U>Management</U>. Each Shareholder shall cause the
directors appointed by it to vote at the Board meetings to ensure that the candidates nominated by Tencent be appointed as the chief executive officer, the chief financial officer and the general counsel of the Company. The chief financial officer
of the Company and the general counsel of the Company shall report to the chief executive officer of the Company. The chief financial officer of Tencent Holdings Limited shall have the consultation right to discuss and consult with the chief
financial officer of the Company regarding the business, operations, affairs, finances and accounts of the Group Companies and to examine the books of account and records of the Group Companies at any time. The chief financial officer of the Company
shall work closely with the chief financial officer of Tencent Holdings Limited to ensure compliance with the requirement of Tencent Holdings Limited regarding the treasury and financing policies of Tencent Holdings Limited, and those financial
policies related to compliance under the rules of The Stock Exchange of Hong Kong Limited. The general counsel of the Company (the <B></B>&#147;<B><U>Company GC</U></B>&#148;<B></B>) will work closely with the general counsel of Tencent Holdings
Limited (the <B></B>&#147;<B><U>Tencent GC</U></B>&#148;<B></B>) so as to ensure full compliance with all applicable requirements of The Stock Exchange of Hong Kong Limited, and the Tencent GC shall have the right to discuss and consult with the
Company GC regarding the Company&#146;s legal function and legal strategy, including without limitation matters relating to litigation, intellectual property and regulatory compliance. The remaining senior management members of the Company shall be
proposed by the chief executive officer of the Company and appointed by the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.9 <U>Key Management Covenant</U>. Each Key
Management covenants and undertakes to the Company and Tencent that, for so long as he remains an officer or employee of any Group Company, he will manage the affairs of the Group Companies on a full time basis and be fully devoted to developing and
operating the business of the Group Companies and will not pursue any other business or investment interests, or any other opportunities outside of the Group Companies. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-34- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.10 <U>Related Party Transactions</U>. Notwithstanding any other provision of this
Agreement, other than as expressly provided in this Agreement, the Tencent Transaction Documents, the Spotify Subscription Agreement or the other Transaction Documents, and except for all the existing Related Party Transactions as of the date hereof
(each, an <B></B>&#147;<B><U>Excluded Related Party Transaction</U></B>&#148;<B></B>), (i) any Related Party Transaction that involves a transaction value in excess of RMB 35,000,000 individually or RMB 150,000,000 in the aggregate during any twelve
(12)-month period shall be approved by at least 50% of the directors who are not interested in such Related Party Transaction before any Group Company may carry out or agree to carry out such Related Party Transaction; (ii)&nbsp;the Company shall
provide a semi-annual written report to all directors of all the Related Party Transactions which the Company or other Group Companies entered into during the past six months (other than any Related Party Transaction approved pursuant to
Section&nbsp;8.10(i) as described above and any Excluded Related Party Transaction) setting out material terms and conditions of such Related Party Transactions in reasonable detail. A majority of the directors of the Company who are not interested
in a Related Party Transaction (a)&nbsp;may request the management of the Company to provide any further information on such Related Party Transaction, (b)&nbsp;may oppose such Related Party Transaction (other than any Related Party Transaction
approved pursuant to Section&nbsp;8.10(i) as described above and any Excluded Related Party Transaction), and (c)&nbsp;shall have the right to give direction to the Company to terminate such Related Party Transaction if such non-interested directors
determine in good faith and consistent with their fiduciary duties that such Related Party Transaction is not on arm&#146;s length basis and is not in the best interest of the Company, upon receipt of which direction the Company shall, and the
Shareholders shall procure the Company to, take all necessary actions to terminate such Related Party Transaction. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.11 <U>Enforcement of
Tencent Transaction Documents</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) Each of the Company and Tencent hereby agrees that the Shareholders (other than Tencent or its
Affiliates) shall be deemed third party beneficiaries under the Tencent Subscription Agreement, including, without limitation, Section&nbsp;8 (Indemnity) of the Tencent Subscription Agreement (subject to the limitations on liability set forth
therein) and shall have the full power and authority to make a direct claim against Tencent or its Affiliates with respect to any and all claims under the Tencent Subscription Agreement, including, without limitation, Section&nbsp;8 (Indemnity) of
the Tencent Subscription Agreement (subject to the limitations on liability set forth therein); <I>provided</I> that such third party beneficiary right may be exercised by the Shareholders (other than Tencent or its Affiliates) if and only if
(x)&nbsp;(i) any director of the Company believes in good faith that the Company has a valid claim against Tencent or its Affiliates under the Tencent Subscription Agreement and (ii)&nbsp;the Company has failed to initiate any claim against Tencent
or its Affiliates thereunder within thirty (30)&nbsp;days after written request by such director to the Company to make such claim, and (y)&nbsp;the Shareholders holding at least 66.7% of the issued and outstanding Ordinary Shares of the Company
(other than any Ordinary Shares held by Tencent or its Affiliates) and representing no less than 3.3% of the issued and outstanding share capital of the Company, agree in writing, in their own discretion, to appoint a Shareholder as a representative
(the &#147;<U><B>Shareholder Representative</B></U>&#148;) to so pursue a claim against Tencent on behalf of the Shareholders (other than Tencent or its Affiliates) pursuant to this <U>Section</U><U></U><U>&nbsp;8.11</U>; <I>provided further</I>
that any claims by the Company under Section&nbsp;8 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-35- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Indemnity) of the Tencent Subscription Agreement and any claim by the Shareholder Representative pursuant to
this <U>Section</U><U></U><U>&nbsp;8.11</U> shall be taken together when determining the application of the limitations on liability under Section&nbsp;8 (Indemnity) of the Tencent Subscription Agreement. Any such claim pursued by the Shareholder
Representative pursuant to this <U>Section</U><U></U><U>&nbsp;8.11</U> shall follow the provisions set forth in Section&nbsp;9.10 (Dispute Resolution) of the Tencent Subscription Agreement, <I>mutantis mutandis</I>. Notwithstanding the definition of
Affiliates, the parties agree that for purposes of this <U>Section</U><U></U><U>&nbsp;8.11</U>, Affiliates of Tencent shall exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) The Shareholders (other than Tencent or its Affiliates) hereby irrevocably appoint the Shareholder Representative as the attorney-in-fact
of the Shareholders (other than Tencent or its Affiliates), with full power and authority to act in the name of and for and on behalf of the Shareholders (other than Tencent or its Affiliates) with respect to all matters arising in connection with a
claim against Tencent made by such Shareholders pursuant to <U>Section</U><U></U><U>&nbsp;8.11(a)</U> hereof, including, but not limited to, the power and authority to take any and all of the following actions: (i)&nbsp;to seek any preliminary
injunctive relief from any court of competent jurisdiction and/or to commence any arbitral proceedings in accordance with Section&nbsp;9.10 (Dispute Resolution) of the Tencent Subscription Agreement, as provided under
<U>Section</U><U></U><U>&nbsp;8.11(a)</U> hereof, (iii)&nbsp;to negotiate any settlement agreement or settle any arbitral proceedings, (iv)&nbsp;to enforce any arbitration awards, (v)&nbsp;to retain legal counsel in connection with any and all
matters referred to herein, (vi)&nbsp;to disclose to the court or arbitration tribunal such Confidential Information necessary for the Shareholder Representative to pursue a claim pursuant to <U>Section</U><U></U><U>&nbsp;8.11(a)</U> hereof, and
(vii)&nbsp;to incur reasonable costs and expenses including legal costs in connection with such actions. It is understood that the Shareholder Representative shall serve without compensation. For the avoidance of doubt, any actions taken by the
Shareholder Representative shall be fully binding upon all Shareholders (other than Tencent or its Affiliates). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Each of the Company
and Tencent hereby acknowledges the appointment, powers and authority of the Shareholder Representative pursuant to this <U>Section</U><U> </U><U>8.11</U> and agrees that it will not, and it will procure its Affiliates and the Group Companies and
their Controlled Affiliates not to, dispute the appointment, powers and authority of the Shareholder Representative at any court or arbitral proceedings; <I>provided</I> that the Shareholder Representative is duly appointed pursuant to
<U>Section</U><U></U><U>&nbsp;8.11(a)</U>. Each of the Company and Tencent further agrees that, in respect to any claim pursued by the Shareholder Representative on behalf of the Shareholders (other than Tencent or its Affiliates) pursuant to this
<U>Section</U><U></U><U>&nbsp;8.11</U>, the Shareholder Representative (i)&nbsp;shall have the full power and authority to claim against Tencent and its Affiliates (other than the Group Companies and their Controlled Affiliates) with respect to any
and all claims that the Company may be entitled to under the Tencent Subscription Agreement, including injunctive relief and monetary indemnity, and (ii)&nbsp;shall be entitled to claim the full amount of any and all Losses (as defined in the
Tencent Subscription Agreement) incurred by the Company Indemnitees (for the avoidance of doubt, the Losses that may be claimed by the Shareholder Representative are not limited to the Losses suffered by the Shareholders (other than Tencent or its
Affiliates) in their capacity of the shareholders of the Company), <I>provided</I> that any such Losses payable by Tencent or its Affiliates pursuant to this <U>Section</U><U></U><U>&nbsp;8.11</U> shall be subject to applicable limitations on
liability under Section&nbsp;8 (Indemnity) of the Tencent Subscription Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-36- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) The Company agrees, promptly and in any event within ten (10)&nbsp;Business Days upon
demand, to pay and reimburse the Shareholder Representative any and all reasonable and documented costs and expenses (including legal costs) incurred by the Shareholder Representative in connection with claiming against Tencent pursuant to this
<U>Section</U><U></U><U>&nbsp;8.11</U>; <I>provided</I> that the Company is not obligated to pay or reimburse any costs and expenses that are incurred by the Shareholder Representative in bad faith or as a result of gross negligence or willful
misconduct of the Shareholder Representative, or if such costs and expenses are unreasonably wasteful. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(e) The Shareholders (other than
Tencent or its Affiliates) agree that any and all Losses recovered by the Shareholder Representative pursuant to this <U>Section 8.11</U> shall be held to the account of the Company and transferred in full to the Company, net of reasonable
out-of-pocket costs and expenses incurred by such Shareholder Representative in such claim for which the Shareholder Representative shall be entitled to be reimbursed pursuant to <U>Section</U><U></U><U>&nbsp;8.11(d)</U> but had not been so
reimbursed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(f) Nothing in this <U>Section</U><U></U><U>&nbsp;8.11</U> shall be interpreted to limit or restrict the ability or power of
any Shareholder to make any claim against the Company or any other Shareholder under this Agreement (in respect of matters not covered by this <U>Section 8.11)</U> or applicable law. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.12 <U>Tencent Information Right</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) The Company shall timely provide to Tencent any financial information of the Group Companies and its Controlled Affiliates and portfolio
companies reasonably requested by it that is available to the Company in order for Tencent Holdings Limited to consolidate financial statements of the Group Companies, including such financial statements of the Group Companies converted from
US&nbsp;GAAP to IFRS. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Tencent shall have (i)&nbsp;the right to inspect facilities, records and books of the Group Companies at any
time during regular working hours on reasonable prior notice to the Company, and (ii)&nbsp;the right to discuss the business, operations and conditions of the Company and any of the Group Companies with the Company&#146;s directors, officers,
employees, accountants and legal counsel. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"><U><B>INFORMATION RIGHTS</B></U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">9.1 <U>Delivery of Financial Statements and Other
Information</U>. Upon written request of any Shareholder, the Company shall deliver to such Shareholder, for as long as such Shareholder (together with its Affiliates) continues to hold at least 2% of the Company&#146;s share capital on a fully
diluted basis, the information set forth below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) as soon as practicable, but in any event within one hundred and twenty
(120)&nbsp;days after the end of each fiscal year of the Company, an unaudited income statement for such fiscal year, an unaudited balance sheet of the Company and statement of shareholder&#146;s equity as of the end of such fiscal year, and an
unaudited statement of cash flows for such fiscal year, such year-end financial reports to be in reasonable detail, on a consolidated basis, prepared in accordance with IFRS or US&nbsp;GAAP; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) as soon as practicable, but in any event within fifty (50)&nbsp;days after the end of each of the first three (3)&nbsp;fiscal quarters of
each fiscal year of the Company, an unaudited quarterly management accounts on a consolidated basis, prepared in accordance with IFRS or US&nbsp;GAAP applied on a consistent basis; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-37- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top"><U><B>ADDITIONAL COVENANTS</B></U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">10.1 <U>Directors Indemnification; Insurance</U>. The
Articles shall at all times provide for the indemnification of the directors and their Affiliates to the maximum extent provided by the Law of the jurisdiction in which the Company is organized. At the request of any director of the Board, the
Company will promptly enter into an indemnification agreement with such director on customary terms and conditions covering such director and such director&#146;s Affiliates and in form and substance reasonably satisfactory to the Shareholder
designating such director. At the request of any director of the Board, the Company shall obtain and pay for (subject to a reasonable annual premium) directors&#146; and officers&#146; insurance covering each of its directors and officers. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">10.2 <U>Protective Provisions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) The Company shall not sell or issue any New Securities without first obtaining the approval (by vote or written consent, as provided by
applicable Laws or the Articles) of the Shareholders holding at least 66.7% of the then total issued and outstanding Ordinary Shares held by all Shareholders. The Company shall not sell or issue any New Securities at a purchase price that has a
pre-money valuation of the Company of less than US$6&nbsp;billion without first obtaining the approval (by vote or written consent, as provided by applicable Laws or the Articles) of the Shareholders holding at least 90% of the then total issued and
outstanding Ordinary Shares held by all Shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Without prejudice to <U>Section</U><U></U><U>&nbsp;10.2(a)</U> above, the
Company shall not, and shall not permit any other applicable Group Company to, unless expressly permitted under this Agreement, carry out any of the following actions involving itself or any of its Subsidiaries as applicable without first obtaining
the approval (by vote or written consent, as provided by applicable Laws or the Articles) of the Shareholders holding at least 66.7% of the then total issued and outstanding Ordinary Shares held by all Shareholders: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(i) altering or changing the rights, or privileges of the Ordinary Shares or creating (by reclassification or otherwise) any new class or
series of shares having rights, preferences or privileges senior to or on a parity with the Ordinary Shares; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(ii) reclassifying any
outstanding Ordinary Shares into shares having rights, preferences or privileges with respect to dividends or assets senior to or on a parity with the Ordinary Shares; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(iii) declaring or paying any dividend or distribution or otherwise redeeming or repurchasing any issued and outstanding shares of the
Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(iv) making any acquisition, sale of control or assets, merger, consolidation, joint venture or partnership arrangements
exceeding the materiality threshold established by the Board from time to time, except pursuant to the exercise of the Drag-Along Right; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-38- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(v) effecting an increase or reduction of the authorized share capital, split-off, spin-off,
dissolution, liquidation, winding-up or bankruptcy of the Company or any material Subsidiary thereof (for the avoidance of doubt, issuance of any shares under the exceptional proviso of the definition of &#147;New Securities&#148; shall not be
subject to such approvals); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(vi) selling, mortgaging, pledging, leasing, transferring, incurring a lien on or otherwise disposing of
substantially all of its assets or any of the assets which are outside the ordinary course of business of the Company and exceeding the materiality threshold established by the Board from time to time; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(vii) making any material changes to or engaging in any business materially different from the Core Business, or ceasing any material
existing business line or activities of the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(viii) incurring any material indebtedness or assuming any material financial
obligation exceeding the materiality threshold established by the Board from time to time and outside the ordinary course of business of the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(ix) making any capital expenditures or investment in any other company exceeding US$400,000,000 or such other materiality threshold
established by the Board from time to time; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(x) creating any encumbrance over the whole or part of the share capital, undertaking,
material property or material assets of the Company or any material Subsidiary thereof, other than as permitted by the annual budget or the business and financial plan approved by the Board; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(xi) increasing or decreasing the authorized size of the Board; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(xii) amending or waiving any provision of the Articles in a manner that would alter or change the rights, preferences or privileges of the
Ordinary Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) The Company shall not, and shall not permit any other Group Company to, make any changes to any of the Control
Documents including any transfer or assignment of any party&#146;s rights and obligations under any of the Control Documents and any appointment of representatives, specified persons or proxies under the Control Documents, except as contemplated in
this Agreement or by the Tencent Transaction Documents, without first obtaining the approval (by vote or written consent, as provided by applicable Laws or the Articles) of the holders of at least 66.7% of the then total issued and outstanding
Ordinary Shares of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) Without prejudice to <U>Section</U><U></U><U>&nbsp;10.2(b)</U> above, the Company shall not, and
shall not permit any other Group Company to, carry out any of the following actions involving itself or any of its Subsidiaries without first obtaining the prior written approval of Tencent: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(i) any merger, consolidation, transfer of shares or other form of restructuring of the Company involving a Restricted Person; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-39- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(ii) any sale of all or substantially all of the assets of the Group Companies to a
Restricted Person; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(iii) any issuance of New Securities by the Company to any Restricted Person; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(iv) entering into any joint venture or partnership arrangement with a Restricted Person; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(v) engaging in any business other than the Core Business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">10.3 <U>Control Documents</U>. The Company and the Shareholders shall, and shall cause the other applicable Group Companies and their
respective Controlled Affiliates or nominee shareholders to, take all actions necessary or desirable in order to amend the Control Agreements in form and substance approved by Tencent (&#147;<U><B>Amended Control</B> <B>Documents</B></U>&#148;),
such that following the entry of the Amended Control Documents by the respective parties thereto, (i)&nbsp;the registered capital of each of the VIE Affiliates shall be held in the manner as provided in the Amended Control Documents; and
(ii)&nbsp;the Company, indirectly through its Subsidiary, shall continue to exercise control over the economic interest in, and the operations of, the VIE Affiliates, such that the financial statements of the VIE Affiliates can be consolidated with
those of the other applicable Group Companies in accordance with the generally accepted accounting principles of the U.S. In the event that the shareholding percentages of the Shareholders in the Company have changed, at the request of the Company,
the Shareholders shall, and shall cause the other applicable Group Companies and their respective Controlled Affiliates or nominee shareholders to, take all actions necessary or desirable to adjust the corresponding shareholding percentages in each
of the VIE Affiliates in a tax efficient manner, such that the shareholding percentages in each of the VIE Affiliates shall be consistent with those in the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">10.4 <U>IPO</U>. Each of the Shareholders agrees to use its reasonable best efforts to cause an IPO of the Company on the Qualified Stock
Exchange (&#147;<U><B>IPO</B></U>&#148;) as soon as practicable and no later than the second anniversary of the Tencent Closing Date. If the IPO of the Company fails to occur on or prior to the second anniversary of the Tencent Closing Date, each of
the Shareholders agrees to use its reasonable best efforts to cause the IPO of the Company as soon as practicable thereafter. In the event that an IPO would meet all the conditions for an QIPO, (i)&nbsp;in any applicable proceeding of a meeting of
the Board, all Shareholders shall procure their respective appointed directors to vote in favor of such IPO, and (ii)&nbsp;in any applicable proceeding of a general meeting of the Company, all Shareholders shall vote in favor of such IPO. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">10.5 <U>Tencent ESOP</U>. The parties hereto agree and acknowledge that (a) 12,637,194 Ordinary Shares have been reserved for issuance under
the Tencent ESOP as of the date hereof; (b)&nbsp;the Board shall administer the Tencent ESOP; <I>provided</I> that Tencent shall have the sole discretion and full and exclusive power to determine (x)&nbsp;the participants who are to receive awards
under the Tencent ESOP and (y)&nbsp;the number and types of awards that each such participant shall be granted under the Tencent ESOP; and (c)&nbsp;upon the request of Tencent, the Board shall promptly adopt and approve the Tencent ESOP and the form
of award agreements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-40- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">10.6 <U>Ownership Interest in Lechang.</U> The Company and the Shareholders shall take all
actions necessary or desirable, including passing board and/or shareholder resolutions, in order to ensure that (i)&nbsp;upon the consummation of the Lechang Spinoff, each Shareholder&#146;s ultimate beneficial ownership in Lechang shall be in
proportion to such Shareholder&#146;s equity interest in the issued and outstanding share capital of the Company as of July 12, 2016 immediately after the Tencent Closing, unless such Shareholder elects not to subscribe for its pro rata portion of
the equity interest in Entity A; (ii)&nbsp;each Shareholder shall be paid a special dividend in proportion to such Shareholder&#146;s equity interest in the issued and outstanding share capital of the Company as of July 12, 2016 immediately after
the Tencent Closing, so that each such Shareholder may use such special dividend to subscribe for the equity interest in Entity A, <I>provided</I> that the Shareholder may use such special dividend for any purpose it may deem fit in the event that
such Shareholder elects not to subscribe for its pro rata portion of the equity interest in Entity A; <I>provided</I> <I>further</I> that the unsubscribed portion of the equity interest in Entity A as a result of any Shareholder electing not to
subscribe such portion shall be allocated to the other Shareholders who elects to subscribe the equity interest in Entity A on a pro rata basis in proportion to such other Shareholders&#146; equity interests in the issued and outstanding share
capital of the Company (excluding those unsubscribed shareholder(s)) as of July 12, 2016 immediately after the Tencent Closing; (iii)&nbsp;if any Shareholder has been paid any special dividend that is inconsistent with the arrangement in subclause
(ii), such Shareholder shall return the same amount of such special dividend to the Company, so that the arrangement in subclause (ii)&nbsp;will be achieved. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top"><U><B>MISCELLANEOUS</B></U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.1 <U>Effectiveness of Agreement</U><U>/Termination of the
Covenants</U>. This Agreement shall be effective (a)&nbsp;with respect to the Company, Xie Guomin, Xie Zhenyu and each Shareholder listed on <U>Schedule A</U>, upon the due execution and delivery of this Agreement by the Company and the Shareholders
holding at least 75% of the issued and outstanding Ordinary Shares as of the date hereof, and (b)&nbsp;with respect to the other persons that become Shareholders after the date hereof, upon their due execution and delivery of a Joinder in the form
set forth in <U>Exhibit A</U>. The covenants set forth in <U>Section</U><U></U><U>&nbsp;3</U> (<U>Right of Participation</U>), <U>Section</U><U></U><U>&nbsp;4</U> (<U>Right of First Refusal; Other Transfer Restrictions</U>),
<U>Section</U><U></U><U>&nbsp;5</U> (<U>Right of Co-sale</U>), <U>Section</U><U></U><U>&nbsp;6</U> (<U>Legend</U>), <U>Section</U><U></U><U>&nbsp;7</U> (<U>Drag-Along Right</U>), <U>Section</U><U></U><U>&nbsp;8.10</U> (<U>Related Party
Transactions</U>), <U>Section</U><U></U><U>&nbsp;8.11</U> (<U>Enforcement of Tencent Transaction Documents</U>), <U>Section 9</U> (<U>Information Rights</U>), <U>Section</U><U></U><U>&nbsp;10.2(a)</U>, <U>(b)</U> and <U>(c)</U> (<U>Protective
Provisions</U>), <U>Section</U><U></U><U>&nbsp;10.3</U> (<U>Control Documents</U>) and <U>Section</U><U></U><U>&nbsp;10.4</U> (<U>IPO</U>) shall terminate as to each Shareholder and be of no further force or effect upon the earlier of
(i)&nbsp;immediately prior to the consummation of a QIPO, or (ii)&nbsp;the date when the Company becomes subject to the reporting requirements of the Exchange Act or analogous reporting requirements in an alternative listing jurisdiction. The
covenants set forth in and <U>Section</U><U></U><U>&nbsp;10.2(d)</U> (<U>Protective Provisions</U>) shall terminate and be of no further force or effect if it is determined by the underwriter of a QIPO and the Company&#146;s legal counsel with
respect to a QIPO that such covenants constitute a commercial or regulatory substantive impediment to the process of the QIPO. The parties hereto agree that each party shall negotiate in good faith to terminate or amend the covenants set forth in
<U>Section</U><U></U><U>&nbsp;8</U> (<U>Board and Management</U>) (other than those in <U>Section</U><U></U><U>&nbsp;8.10</U> (<U>Related Party</U> <U>Transactions</U>) and <U>Section</U><U></U><U>&nbsp;8.11</U> (<U>Enforcement of Tencent
Transaction Documents</U>)) upon the earlier of (i)&nbsp;immediately prior to the consummation of a QIPO, or (ii)&nbsp;the date when the Company becomes subject to the reporting requirements of the Exchange Act or analogous reporting requirements in
an alternative listing jurisdiction, to the extent that the termination </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-41- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or amendment of any such covenant shall be necessary or desirable in order for the Company to comply with
applicable Law or rules or regulations of applicable securities exchanges in connection with a QIPO. Any person who ceases to be a Shareholder shall have no further right under this Agreement, but for the avoidance of doubt, such person shall
continue to be subject to the obligations hereunder that by their terms apply to such person after it ceases to be a Shareholder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.2
<U>Enforceability/Severability</U>. The parties hereto agree that each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable Laws. If any provision of this Agreement is found to be invalid or
unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set
forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits
intended by the parties. In such event, the parties shall use best efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly effects the parties&#146; intent in entering into this Agreement.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.3 <U>Entire Agreement</U>. This Agreement, together with all the exhibits hereto and thereto, and the Transaction Documents constitute
and contain the entire agreement and understanding of the parties with respect to the subject matter hereof and supersedes any and all prior negotiations, correspondence, agreements, understandings, duties or obligations between the parties
respecting the subject matter hereof, including the Prior Agreement, the Shareholders Agreement dated March 8, 2016 by and among the Company and certain other parties named therein (&#147;<U><B>March 2016 SHA</B></U>&#148;), the Shareholders
Agreement dated May 26, 2014 by and among the Company and certain other parties named therein (&#147;<U><B>2014 SHA</B></U>&#148;) and the Amended and Restated Shareholders Agreement dated December 4, 2013 by and among the Company and certain other
parties named therein (&#147;<U><B>2013 SHA</B></U>&#148;, together with the 2014 SHA, the March 2016 SHA and the Prior Agreement, the &#147;<U><B>Prior</B> <B>SHAs</B></U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Without limiting the generality of the foregoing, the Shareholders agree that in the event of any conflict or inconsistency between any of the
terms of this Agreement and any of the terms of the Articles, the terms of this Agreement shall prevail in all respects as among the Shareholders. The Shareholders shall give full effect to and act in accordance with the provisions of this Agreement
over the provisions of the Articles and the parties hereto shall exercise all voting and other rights and powers (including the power to procure any required alteration to the Articles to the extent permitted by applicable Law to resolve such
conflict or inconsistency) to make the provisions of this Agreement effective. Without limitation of the foregoing, each Shareholder agrees to vote all of its Company Securities or execute proxies or written consents, as the case may be, and to take
all other actions necessary, to ensure that the Articles (i)&nbsp;facilitate, and do not at any time conflict with, any provision of this Agreement, (ii)&nbsp;permit each Shareholder to receive the benefits to which each such Shareholder is entitled
under this Agreement and (iii)&nbsp;are adopted concurrently with or as soon as practicable after the effectiveness of this Agreement pursuant to Section 11.1 and registered promptly thereafter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.4 <U>Governing Law and Dispute Resolution</U>. This Agreement shall be governed by and construed exclusively in accordance with the Laws of
Hong Kong without </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-42- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
giving effect to any choice of law rule that would cause the application of the Laws of any jurisdiction other than the Laws of Hong&nbsp;Kong to the rights and duties of the parties hereunder.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Any dispute, controversy or claim (each, a &#147;<U><B>Dispute</B></U>&#148;) arising out of or relating to this Agreement, or the
interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the &#147;<U><B>Arbitration Notice</B></U>&#148;) to the other. The Dispute shall be
settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the &#147;<U><B>HKIAC</B></U>&#148;) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the &#147;<U><B>HKIAC
Rules</B></U>&#148;) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3)&nbsp;arbitrators. The complainant and the respondent to such dispute shall each select one
arbitrator within thirty (30)&nbsp;days after giving or receiving the demand for arbitration (the &#147;<U><B>Selection Period</B></U>&#148;). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any
prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fail to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The
arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this <U>Section&nbsp;11.4 (Governing Law and Dispute Resolution)</U>, including the provisions concerning the appointment
of the arbitrators, this <U>Section&nbsp;11.4</U><U> </U><U>(Governing Law and Dispute Resolution)</U> shall prevail. Each party to the arbitration shall cooperate with each other party to the arbitration in making full disclosure of and providing
complete access to all information and documents requested by such other party in connection with such arbitral proceedings, subject only to any confidentiality obligations binding on such party. The award of the arbitral tribunal shall be final and
binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. Any party to the Dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of
competent jurisdiction pending the constitution of the arbitral tribunal. During the course of the arbitral tribunal&#146;s adjudication of the Dispute, this Agreement shall continue to be performed except with respect to the part in dispute and
under adjudication. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.5 <U>Counterparts</U>. This Agreement may be executed in counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. Any counterpart or signature of a party delivered by facsimile, email or similar electronic transmission pursuant to which the signature of (or on behalf of) such party can be
seen shall be deemed for all purposes as being a good and valid execution and delivery of this Agreement by such party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.6
<U>Headings</U>. The section headings of this Agreement are for convenience and shall not by themselves determine the interpretation of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.7 <U>Notices</U>. Except as may be otherwise provided herein, any notice required or permitted hereunder shall be given in writing and
shall be conclusively deemed effectively given (i)&nbsp;upon personal delivery, (ii)&nbsp;upon delivery by overnight courier, or (iii)&nbsp;five (5)&nbsp;days after deposit in the mail, by registered or certified mail, postage prepaid, addressed
(a)&nbsp;if to the Company, to its principal office, and (b)&nbsp;if to a Shareholder, to such Shareholder&#146;s address as is on file with the records of the Company, or at such other address as the parties may designate by a ten
(10)&nbsp;days&#146; advance written notice to the other parties. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-43- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.8 <U>Amendment of Agreement</U>. Any provision of this Agreement may be amended by a
written instrument signed by the Company and the Shareholders holding at least 75% of the then issued and outstanding Ordinary Shares held by all Shareholders (which Shareholders must include Tencent); <U>provided</U> that any provision herein that
expressly requires the consent of a higher threshold of Ordinary Shares may not be amended except with the consent of such higher threshold of Ordinary Shares. In addition, any amendment, waiver or modification of any provision of this Agreement
that would materially and adversely affect any Shareholder in a manner that is disparate from the manner in which it affects other Shareholders may be effected only with the written consent of the Shareholder so affected. Any amendment or
modification to <U>Section&nbsp;4.2(a)</U> may be effected only with the written consent of the Key Management. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.9 <U>Successors and
Assigns</U>. Except as otherwise expressly provided to the contrary, the provisions of this Agreement and the rights and obligations of the parties hereunder shall inure to the benefit of, and be binding upon, the Company and its successors and
assigns and be binding upon each Shareholder and each Shareholder&#146;s legal representatives, heirs, legatees, distributees, assigns and transferees by operation of Law, whether or not any such person has become a party to this Agreement or has
agreed in writing to join herein and to be bound by the terms, conditions and restrictions hereof. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective permitted
successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. No party may assign any rights or delegate any obligations hereunder except in connection
with the Transfer of Company Securities in accordance with the terms of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.10 <U>Expenses</U>. Each party shall bear its
own expenses, including legal fees, in connection with the transactions contemplated by this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.11 <U>Delays or Omissions</U>.
No delay or omission to exercise any right, power or remedy accruing to any party, upon any breach or default of another party under this Agreement shall impair any such right, power or remedy of such first party nor shall it be construed to be a
waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or
thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement,
must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to any party shall be cumulative and not alternative. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.12 <U>Confidentiality</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) The existence, terms and conditions of this Agreement, the Spotify Subscription Agreement, the other Transaction Documents, the Tencent
Transaction Documents and any information received by any Shareholder pursuant to <U>Section&nbsp;9</U> (<U>Information Rights</U>) or any other confidential information, knowledge or data concerning or relating to the business or financial affairs
of the Company to which such Shareholder has been or shall become privy by reason of this Agreement or the other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-44- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Transaction Documents, discussions or negotiations relating to this Agreement or the other Transaction Documents, and the performance of its obligations hereunder or thereunder (collectively, the
&#147;<U><B>Confidential Information</B></U>&#148;) shall be considered confidential information and shall not be disclosed by any party to any third party except in accordance with the provisions set forth below; <U>provided</U> that such
Confidential Information shall not include any information that is in the public domain other than by reason of the breach of the confidentiality obligations hereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Each party may disclose the existence of the transactions contemplated under the Tencent Subscription Agreement and the other Tencent
Transaction Documents in a press release jointly approved by the Company, Tencent and the Shareholders holding at least 66.7% of the then issued and outstanding Ordinary Shares. No other announcement regarding any of the Confidential Information in
a press release, conference, advertisement, announcement, professional or trade publication, mass marketing materials or otherwise to the general public may be made without the prior written consent of the Company, Tencent and the Shareholders
holding at least 66.7% of the then issued and outstanding Ordinary Shares held by all Shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding the foregoing,
any party may disclose any of the Confidential Information to its current or bona fide prospective investors, permitted assignees or transferees, directors, officers, shareholders, employees, investment bankers, lenders, partners, accountants and
attorneys, in each case only where such persons or entities are under appropriate nondisclosure obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) In the event that any
party is requested or becomes legally compelled (including, without limitation, pursuant to securities laws and regulations and other applicable laws and stock exchange rules) to disclose any Confidential Information in contravention of the
provisions of this <U>Section 11.12</U> (<U>Confidentiality</U>), such party (the &#147;<U><B>Disclosing Party</B></U>&#148;) shall provide the Company and any other Party to whom such Confidential Information relates (the &#147;<U><B>Non-Disclosing
Parties</B></U>&#148;) with prompt written notice of that fact and use all reasonable efforts to seek (with the cooperation and reasonable efforts of the other parties) a protective order, confidential treatment or other appropriate remedy. In such
event, the Disclosing Party shall furnish only that portion of the information which is requested or legally required to be disclosed and shall exercise reasonable efforts to keep confidential such information to the extent reasonably requested by
any Non-Disclosing Party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(e) The provisions of this <U>Section&nbsp;11.12</U> (<U>Confidentiality</U>) shall be in addition to, and not
in substitution for, the provisions of any separate nondisclosure agreement executed by any of the parties hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(f) All notices
required under this section shall be made pursuant to <U>Section&nbsp;11.7</U> (<U>Notices</U>) of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.13 <U>Specific
Performance</U>. Each of the parties hereto recognizes and acknowledges that a breach by it of any covenants or agreements contained in this Agreement will cause the other parties to sustain damage for which they would not have an adequate remedy at
law for money damages, and therefore each of the parties hereto agrees that in the event of any such breach the aggrieved parties shall be entitled to the remedy of specific performance of such covenants and agreements and injunctive and other
equitable relief in addition to any other remedy to which they may be entitled, at law or in equity. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-45- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.14 <U>Parties in Interest</U>. Except as expressly provided elsewhere in this Agreement, a
person who is not a party to this Agreement shall not have any rights under the Contracts (Right of Third Parties) Ordinance (Chapter 623, Laws of Hong Kong) to enforce any terms of this Agreement. This does not affect any right or remedy of a third
party which exists, or is available, apart from the Contracts (Right of Third Parties) Ordinance. For the avoidance of doubt, any holder of Company Securities that is not a party to this Agreement is not, and shall not be deemed, a Shareholder and
shall not have any rights, interests, obligations or remedies as a Shareholder under this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.15 <U>Adjustments for Share
Splits, Etc</U>. Wherever in this Agreement there is a reference to a specific number of shares of Company Securities of the Company, then, upon the occurrence of any subdivision, combination or share dividend of the Company Securities, the specific
number of shares so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding shares of such class or series of shares by such subdivision, combination or share dividend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.16 <U>Aggregation of Shares</U>. All Company Securities held or acquired by affiliated entities or persons (as defined in Rule&nbsp;144
under the Securities Act) shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.17 <U>Amendment and Restatement of Prior Agreement</U>. The Prior Agreement is hereby amended and superseded in its entirety and restated
in this Agreement. Such amendment and restatement is effective upon effectiveness of this Agreement in accordance with <U>Section&nbsp;11.1</U>. Upon such effectiveness, all provisions of, rights granted and covenants made in the Prior Agreement are
hereby waived, released and superseded in their entirety and shall have no further force and effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.18 <U>Representations and
Warranties</U>. Each party hereby represents and warrants to each other party, as of the date hereof, and as of the effective date of this Agreement, as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) such party, if not a natural person, is duly organized, validly existing and, to the extent applicable, in good standing under the
applicable law of its jurisdiction of organization; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) such party is a natural person, or is a corporate body with the legal capacity,
power, authority and right to execute, deliver and perform its obligations under this Agreement, and all actions on its part necessary for the authorization, execution, delivery of and the performance of all of its obligations under this Agreement
have been taken; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) this Agreement will when executed be a legal, valid and binding obligation, enforceable against it in accordance
with its terms, except where such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors&#146; rights generally; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-46- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) the execution and delivery by such party of this Agreement and the consummation by it of
all the transactions contemplated hereunder (i)&nbsp;do not and will not require any approval, consent or authorization, except for such approvals, consents or authorizations that have been duly obtained and remain in full force and effect as of the
date hereof; (ii)&nbsp;breach or constitute (or with notice or lapse of time or both constitute) a default under its constitutional documents, existing shareholders agreement or any material contract or agreement to which such party is bound; and
(iii)&nbsp;result in a violation or breach of or constitute (or with notice or lapse of time or both constitute) a default under any applicable Law by which such party or any of its assets is bound. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.19 <U>Waivers; Consents</U>. Each Shareholder hereby consents to the transactions contemplated by the Spotify Subscription Agreement and
this Agreement, including the issue and allotment of the Ordinary Shares under the Spotify Subscription Agreement, and irrevocably waives any and all rights arising under the Prior SHAs, the Articles or under applicable Law, in respect of
pre-emptive rights, notice rights, rights of participation, rights of first refusal, co-sale rights, veto rights and all similar rights, and irrevocably waives any breach of the Prior SHAs or the Articles relating to such issuance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.20 <U>Release of Obligations</U>. The Company hereby irrevocable agrees and confirms that with respect to each Shareholder that is an
Existing Shareholder and the Company itself, and each Shareholder that is an Existing Shareholder hereby irrevocably agrees and confirms only with respect to subclauses (i)&nbsp;and (iii)&nbsp;below, severally and not jointly, that, solely with
respect to such Shareholder, (i)&nbsp;the number of Ordinary Shares held by such Shareholder as set forth in the Cap Table in <U>Schedule D</U> to the Prior Agreement (&#147;<U><B>Cap Table</B></U>&#148;) was true and accurate as of July&nbsp;12,
2016; (ii)&nbsp;each issuance of shares by the Company as shown in the Cap Table and the register of members of the Company to each Shareholder as of July&nbsp;12, 2016 had been duly authorized and approved; and (iii)&nbsp;as of July&nbsp;12, 2016,
other than the Tencent ESOP and the Disclosed Issuance Obligation, there were no outstanding options, warrants, convertible securities or other rights, agreements, arrangements or commitments of any kind by which the Company is bound obligating it
to issue, deliver or sell any Company Securities to such Shareholder or any other person (such obligations of the Company as of July&nbsp;12, 2016, together with the Disclosed Issuance Obligation but, for the avoidance of doubt, excluding the
Tencent ESOP and the issuance of Ordinary Shares upon the exercise of options under the 2014 ESOP, the &#147;<U><B>Issuance Obligation</B></U>&#148;). This Agreement shall constitute an unconditional and irrevocable waiver and release by each
Shareholder that is an Existing Shareholder, on behalf of itself and its Subsidiaries, Affiliates, current and former officers, directors, employees, commissioners, and agents, and predecessors, successors and assigns (collectively,
&#147;<U><B>Releasing Parties</B></U>&#148;) of (a)&nbsp;all Issuance Obligations of the Company to each such Shareholder or its Affiliates, except for the Disclosed Issuance Obligation, and (b)&nbsp;any and all actions, causes of action, suits,
proceedings, claims and demands whatsoever, in law or in equity, of every kind and description, which such Releasing Party ever had, now has, or hereafter can, shall or may have against the Company, its Subsidiaries, Affiliates, current and former
officers, directors, employees, commissioners, and agents, and predecessors, successors and assigns (collectively, &#147;<U><B>Released Parties</B></U>&#148;), in each case in respect of any of the Released Parties with respect to any breach of any
provisions under the Prior SHAs, the subscription or purchase agreement that such Shareholder or its Affiliates invest or acquire shareholding in the Company or any other Group Company, the Articles and applicable Law occurring or arising prior to
July&nbsp;12, 2016. Notwithstanding anything to the contrary contained herein, the Company and each Shareholder that is an Existing Shareholder hereby agree that, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-47- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
(i) concurrently with or before the issuance, delivery or sale of any Company Securities by the Company to any person (other than Tencent) in connection with any Issuance Obligation, the Company
shall unconditionally issue, at no consideration, to Tencent such number of Ordinary Shares that equals to the result of (x)&nbsp;110%, multiplied by (y)&nbsp;the same number of the Company Securities proposed to be issued, delivered or sold by the
Company in connection with such Issuance Obligations (the &#147;<U><B>Anti-Dilution Issuance to Tencent</B></U>&#148;, and such Ordinary Shares issuable to Tencent, the &#147;<U><B>Anti-Dilution Issuance Shares</B></U>&#148;); and (ii)&nbsp;all
consideration received by the Company as a result of the issuance, delivery or sale of any Company Securities to any person in connection with any Issuance Obligation shall be distributed or otherwise allocated to all the shareholders of the Company
immediately prior to July&nbsp;12, 2016 (including Tencent) ratably in proportion to the number of Ordinary Shares held by such shareholder in the Company immediately prior to July&nbsp;12, 2016. The Company and each Shareholder shall take all
necessary actions to give effect to and consummate the Anti-Dilution Issuance to Tencent in accordance with the foregoing provisions, and any Anti-Dilution Issuance Shares, when issued and delivered to Tencent, shall be deemed fully paid, duly
issued and non-assessable. In the event that the Company receives a request from any person for the issuance, delivery or sale by the Company of any Company Securities to such person in connection with the Issuance Obligation, the Board shall
ascertain, and if any director of the Company reasonably objects to such request with good faith basis for such objection, use reasonable efforts to take all necessary actions to contest the validity of such request before the issuance, delivery or
sale by the Company of any Company Securities to such person. The obligation of the Company with respect to the Anti-Dilution Issuance to Tencent under this <U>Section&nbsp;11.20</U> shall terminate and be of no further force or effect upon the
earlier of (i)&nbsp;immediately prior to the consummation of a QIPO, or (ii)&nbsp;the date when the Company becomes subject to the reporting requirements of the Exchange Act or analogous reporting requirements in an alternative listing jurisdiction.
Notwithstanding the definition of Affiliates, the parties agree that for purposes of this <U>Section&nbsp;11.20</U>, Affiliates of Tencent shall exclude the Group Companies or any of the Group Companies&#146; Controlled Affiliates. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">11.21 <U>Interpretation; Absence of Presumption</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) For the purposes hereof, (i)&nbsp;words in the singular shall be held to include the plural and vice versa and words of one gender shall
be held to include the other gender as the context requires; (ii)&nbsp;the terms &#147;hereof,&#148; &#147;herein,&#148; and &#147;herewith&#148; and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as
a whole (including the schedules, exhibits and annexes hereto) and not to any particular provision of this Agreement, and Article, Section, paragraph, and clause references are to the Articles, Sections, paragraphs, and clauses to this Agreement
unless otherwise specified; (iii)&nbsp;the word &#147;including&#148; and words of similar import when used in this Agreement shall mean &#147;including without limitation&#148;; (iv)&nbsp;the word &#147;or&#148; shall not be exclusive;
(v)&nbsp;references to a person are also to its successors and permitted assigns; provisions shall apply, when appropriate, to successive events and transactions; (vi)&nbsp;all references to any period of days shall be deemed to be to the relevant
number of calendar days unless otherwise specified; (vii)&nbsp;references to any agreement, instrument or statute means such agreement, instrument or statute as from time to time amended, qualified or supplemented, including (in the case of
agreements and instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and all attachments thereto and instruments incorporated therein and (viii)&nbsp;all terms defined herein shall have the
defined meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-48- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) The parties have participated jointly in negotiating and drafting this Agreement. In the
event that an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any provision of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>-- REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK - </I></B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-49- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"><B>THE COMPANY:</B></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TENCENT MUSIC ENTERTAINMENT GROUP</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">(&nbsp;


<IMG SRC="g494294vddd.jpg" ALT="LOGO">
&nbsp;)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>MIN RIVER INVESTMENT LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>PAGAC MUSIC HOLDING II LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>PAGAC MUSIC HOLDING II LP</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>GUOMIN HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CICFH GROUP LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CHINA INVESTMENT CORPORATION FINANCIAL HOLDINGS</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CICFH MUSIC INVESTMENT LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>PAN ASIA VENTURE GROUP LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>EMI GROUP LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>XIEZHENYU HOLDING LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>LOFTY TIMES INVESTMENTS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>ALANDING HOLDING LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>BRAVE PLUS HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>QUANTUM INVESTMENTS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CITYWAY INVESTMENTS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>GREEN TECHNOLOGY HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>POWER STREAM HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CAGICO TECHNOLOGY LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>QIFEI INTERNATIONAL DEVELOPMENT CO. LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>RED EARTH INNOVATION INTERNATIONAL COMPANY LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>POLYCON INVESTMENT LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>BEST TACTIC GLOBAL LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>XIE GUOMIN</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>XIE ZHENYU</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TIME HERITAGE ENTERPRISES LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>EMI MUSIC PUBLISHING GROUP HONG&nbsp;KONG LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SONY/ATV MUSIC PUBLISHING (HONG&nbsp;KONG)</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CAPITAL STAR HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>AL STONE LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>RAMCITY INVESTMENTS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>FEIYANG HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties to this Agreement have executed this Shareholders Agreement
as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SHAREHOLDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>BALAENA INVESTMENTS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
Shareholders Agreement</I>] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Schedule A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>List of Shareholders </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="97%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">1.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Min River Investment Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">PAGAC Music Holding II Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">3.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">PAGAC Music Holding II LP</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">4.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CICFH Group Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">5.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">China Investment Corporation Financial Holdings</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">6.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CICFH Music Investment Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">7.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Pan Asia Venture Group Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">8.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Guomin Holdings Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">9.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">XieZhenYu Holding Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">10.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">AlanDing Holding Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">11.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Brave Plus Holdings Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">12.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Quantum Investments Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">13.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Cityway Investments Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">14.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">EMI Group Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">15.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Green Technology Holdings Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">16.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Power Stream Holdings Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">17.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CAGICO TECHNOLOGY LIMITED</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">18.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Time Heritage Enterprises Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">19.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Qifei International Development Co. Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">20.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Red Earth Innovation International Company Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">21.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Lofty Times Investments Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">22.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Polycon Investment Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">23.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Best Tactic Global Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">24.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">EMI Music Publishing Group Hong Kong Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">25.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Sony/ATV Music Publishing (Hong Kong)</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="97%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">26.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Capital Star Holdings Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">27.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Al Stone Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">28.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">RamCity Investments Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">29.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">FeiYang Holdings Limited</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">30.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Balaena Investments Limited</TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Schedule B </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294full.jpg" ALT="LOGO">
 </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXHIBIT A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Joinder Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Reference is made to a shareholders agreement, a copy of which is attached hereto (as amended from time to time, the
&#147;<U><B>SHA</B></U>&#148;), among Tencent Music Entertainment Group (&nbsp;


<IMG SRC="g494294lat1.jpg" ALT="LOGO">
&nbsp;


<IMG SRC="g494294last2.jpg" ALT="LOGO">
&nbsp;), an exempted company incorporated under the Laws of the Cayman Islands (the &#147;<U><B>Company</B></U>&#148;), and the other persons signatory thereto. Capitalized terms used herein and not otherwise defined
shall have the meanings given in the SHA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned,
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, in order to purchase / subscribe
<U></U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U>Ordinary Shares and become a Shareholder of the Company, hereby agrees that by the undersigned&#146;s execution
hereof, the undersigned is a party to the SHA, subject to all of the restrictions, conditions, and obligations, and entitled to all the rights and privileges, applicable to [the transferring Shareholder set forth in the SHA][a Shareholder in general
set forth in the SHA]. This Joinder Agreement shall take effect and shall become a part of said SHA immediately upon execution. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executed on<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Address for Notices:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Telephone:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Email:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit E </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[See Attached] </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>STRICTLY PRIVATE AND CONFIDENTIAL </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit E </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">[Date]</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">Our Ref: DW/WL/T3551/H15535</TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[Addressee Name </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Addressee
Address] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Sir or Madam </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TENCENT MUSIC ENTERTAINMENT
GROUP </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have been asked to provide this legal opinion to you with regard to the laws of the Cayman Islands in relation to the Documents (as defined
in Schedule 1) being entered into by <B>Tencent Music Entertainment Group</B> (the &#147;<B>Company</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the purposes of giving this opinion,
we have examined and relied upon the originals, copies or translations of the documents listed in Schedule 1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In giving this opinion we have relied upon
the assumptions set out in Schedule 2, which we have not independently verified. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are Cayman Islands Attorneys at Law and express no opinion as to any
laws other than the laws of the Cayman Islands in force and as interpreted at the date of this opinion. We have not, for the purposes of this opinion, made any investigation of the laws, rules or regulations of any other jurisdiction. Except as
explicitly stated herein, we express no opinion in relation to any representation or warranty contained in the Documents nor upon matters of fact or the commercial terms of the transactions contemplated by the Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based upon the foregoing examinations and assumptions and upon such searches as we have conducted and having regard to legal considerations which we consider
relevant, and subject to the qualifications set out in Schedule 3, and under the laws of the Cayman Islands, we give the following opinions in relation to the matters set out below. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The Company is an exempted company duly incorporated with limited liability, validly existing under the laws of the Cayman Islands and in good standing with the Registrar of Companies in the Cayman Islands (the
&#147;<B>Registrar</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The Company has full corporate power and authority to execute and deliver the Documents to which it is a party and to perform its obligations under the Documents. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">The Documents to which the Company is a party have been duly authorised and executed and, when delivered by the Company, will constitute the legal, valid and binding obligations of the Company enforceable in accordance
with their respective terms. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 2</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The execution, delivery and performance of the Documents to which the Company is a party, the consummation of the transactions contemplated thereby and the compliance by the Company with the terms and provisions thereof
do not: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">contravene any law, public rule or regulation of the Cayman Islands applicable to the Company which is currently in force; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">contravene the Memorandum and Articles (as defined in Schedule 1). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">Neither: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the execution, delivery or performance of any of the Documents to which the Company is a party; nor </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the consummation or performance of any of the transactions contemplated thereby by the Company, </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">requires the consent or approval of, the giving of notice to, or the registration with, or the taking of any other action in respect of any
Cayman Islands governmental or judicial authority or agency. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">The law (if any) chosen in each of the Documents to which the Company is a party to govern its interpretation would be upheld as a valid choice of law in any action on that Document in the courts of the Cayman Islands
(the &#147;<B>Courts</B>&#148; and each a &#147;<B>Court</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">Save as set out in qualification 2 in Schedule 3, there are no stamp duties, income taxes, withholdings, levies, registration taxes, or other duties or similar taxes or charges now imposed, or which under the present
laws of the Cayman Islands could in the future become imposed, in connection with the enforcement or admissibility in evidence of the Documents or on any payment to be made by the Company or any other person pursuant to the Documents. The Cayman
Islands currently have no form of income, corporate or capital gains tax and no estate duty, inheritance tax or gift tax. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">None of the parties to the Documents is or will be deemed to be resident, domiciled or carrying on business in the Cayman Islands by reason only of the execution, delivery, performance or enforcement of the Documents to
which any of them is party. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">A judgment obtained in a foreign court (other than certain judgments of a superior court of any state of the Commonwealth of Australia) will be recognised and enforced in the Courts without any re-examination of the
merits at common law, by an action commenced on the foreign judgment in the Grand Court of the Cayman Islands (the &#147;<B>Grand Court</B>&#148;), where the judgment: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">is final and conclusive; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">is one in respect of which the foreign court had jurisdiction over the defendant according to Cayman Islands conflict of law rules; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">is either for a liquidated sum not in respect of penalties or taxes or a fine or similar fiscal or revenue obligations or, in certain circumstances, for in personam non-money relief (following <I>Bandone Sdn Bhd v Sol
Properties Inc</I>. <I>[2008] CILR 301)</I>; and </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 3</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">was neither obtained in a manner, nor is of a kind enforcement of which is contrary to natural justice or the public policy of the Cayman Islands. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">It is not necessary under the laws of the Cayman Islands that any of the Documents be registered or recorded in any public office or elsewhere in the Cayman Islands in order to ensure the validity or enforceability of
any of the Documents. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top">It is not necessary under the laws of the Cayman Islands: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">in order to enable any party to any of the Documents to enforce their rights under the Documents; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">solely by reason of the execution, delivery and performance of the Documents, </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">that any party
to any of the Documents should be licensed, qualified or otherwise entitled to carry on business in the Cayman Islands or any other political subdivision thereof. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top">Based solely upon our examination of the Court Register (as defined in Schedule 1) we confirm that at the Search Time (as defined in Schedule 1) there are no actions, suits or proceedings pending against the Company
before the Grand Court and no steps have been, or are being, taken compulsorily to wind up the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top">In relation to the ordinary shares of a par value of US$0.000083 each in the capital of the Company (&#147;<B>Ordinary Shares</B>&#148;): </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">[<B></B><B><I>Number</I></B><B></B>] Ordinary Shares (the &#147;<B>Subscription Shares</B>&#148;) have been duly authorised and were validly allotted and issued to <B></B><B><I>Spotify</I></B><B> </B><B><I>AB</I></B><B>
</B>(&#147;<B>S AB</B>&#148;) on [<B></B><B><I>Date</I></B><B></B>] and, when paid for in accordance with the terms of the Documents for the consideration expressed therein, will be fully paid and without obligation to make further payment to the
Company in respect of the issue of the Subscription Shares. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the Subscription Shares carry such rights as are attributed to them in the Memorandum and Articles and the Documents. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This opinion is limited to the matters referred to herein and shall not be construed as extending to any other matter or document not referred to herein. This
opinion is given solely for your benefit and the benefit of your legal advisers acting in that capacity in relation to this transaction and may not be relied upon by any other person without our prior written consent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We agree that a copy of this opinion may be disclosed to (1)&nbsp;the professional advisers (including, without limitation, auditors) of the Addressee (acting
in that capacity in connection with the transactions contemplated by the Documents) (the &#147;<B>Addressee&#146;s Advisers</B>&#148;) and (2)&nbsp;specified persons if required by law or regulation or in connection with any actual or potential
dispute or claim to which the Addressee is a party in relation to the Documents (the &#147;<B>Specified Persons</B>&#148;) and their advisers, in each case for information purposes only, in circumstances </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 4</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">where they wish to know that an opinion has been given and to be made aware of its terms, on the strict
understanding that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">the Addressee&#146;s Advisers and the Specified Persons and their advisers may not rely on this opinion for their own benefit or for the benefit of any persons; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">we assume no responsibility or legal liability to them as a result of such disclosure or otherwise. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
opinion shall be construed in accordance with the laws of the Cayman Islands. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yours faithfully </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WALKERS </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 5</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>LIST OF DOCUMENTS EXAMINED </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The Certificate of Incorporation of the Company dated 6&nbsp;June 2012, the Certificate of Incorporation on Change of Name of the Company dated 5&nbsp;January 2017, the Third Amended and Restated Memorandum and Articles
of Association of the Company as adopted on [<B></B><B><I>Date</I></B><B></B>] (the &#147;<B>Memorandum and Articles</B>&#148;), Register of Members and Register of Directors, in each case, of the Company and dated
[<B></B><B><I>Date</I></B><B></B>], copies of which have been provided to us by[ its registered office in the Cayman Islands] (together the &#147;<B>Company Records</B>&#148;). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The Cayman Online Registry Information System (CORIS), the Cayman Islands&#146; General Registry&#146;s online database, searched on [<B></B><B><I>Date</I></B><B></B>]. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">The Register of Writs and other Originating Process of the Grand Court kept at the Clerk of Court&#146;s Office, George Town, Grand Cayman (the &#147;<B>Court Register</B>&#148;), examined at 9.00am on
[<B></B><B><I>Date</I></B><B></B>] (the &#147;<B>Search Time</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">A copy of a Certificate of Good Standing dated [<B></B><B><I>Date</I></B><B></B>] in respect of the Company issued by the Registrar (the &#147;<B>Certificate of Good Standing</B>&#148;). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">A copy of signed minutes of a meeting of the members of the Company dated [<B></B><B><I>Date</I></B><B></B>] and [executed written resolutions][signed minutes of a meeting] of the Board of Directors of the Company dated
[<B></B><B><I>Date</I></B><B></B>] (the &#147;<B>Resolutions</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">Copies of the following: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">an investor agreement between,<I> inter alia</I>, the Company and S AB dated [<B></B><B><I>Date</I></B><B></B>]; [and] </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">a subscription agreement between, <I>inter alia</I>, the Company and S AB dated [<B></B><B><I>Date</I></B><B></B>]; [and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">a shareholders&#146; agreement between, <I>inter alia</I>, the Company and [<B></B><B><I>Insert</I></B><B></B>].] </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The documents listed in paragraphs 6(a) to [][(c)] above inclusive are collectively referred to in this opinion as the
&#147;<B>Documents</B>&#148;. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 6</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ASSUMPTIONS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">There are no provisions of the laws of any jurisdiction outside the Cayman Islands which would be contravened by the execution or delivery of the Documents and, insofar as any obligation expressed to be incurred under
the Documents is to be performed in or is otherwise subject to the laws of any jurisdiction outside the Cayman Islands, its performance will not be illegal by virtue of the laws of that jurisdiction. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The Documents are within the capacity, power, and legal right of, and have been or will be duly authorised, executed and delivered by, each of the parties thereto (other than the Company). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">The Documents constitute or, when executed and delivered, will constitute the legal, valid and binding obligations of each of the parties thereto enforceable in accordance with their terms as a matter of the laws of all
relevant jurisdictions (other than the Cayman Islands). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The choice of the laws of the jurisdiction selected to govern each of the Documents has been made in good faith and will be regarded as a valid and binding selection which will be upheld in the courts of that
jurisdiction and all relevant jurisdictions (other than the Cayman Islands). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">All authorisations, approvals, consents, licences and exemptions required by, and all filings and other steps required of each of the parties to the Documents outside the Cayman Islands to ensure the legality, validity
and enforceability of the Documents have been or will be duly obtained, made or fulfilled and are and will remain in full force and effect and any conditions to which they are subject have been satisfied. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">All conditions precedent, if any, contained in the Documents have been or will be satisfied or waived. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">The Board of Directors of the Company considers the execution of the Documents and the transactions contemplated thereby to be in the best interests of the Company. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">No disposition of property effected by the Documents is made for an improper purpose or wilfully to defeat an obligation owed to a creditor and at an undervalue. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">The Company was on the date of execution of the Documents to which it is a party able to pay its debts as they became due from its own moneys, and any disposition or settlement of property effected by any of the
Documents is made in good faith and for valuable consideration and at the time of each disposition of property by the Company pursuant to the Documents the Company will be able to pay its debts as they become due from its own moneys.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">The originals of all documents examined in connection with this opinion are authentic. The signatures, initials and seals on the Documents are genuine and are those of a person or persons given power to execute the
Documents under the Resolutions or any power of attorney given by the Company to execute the Documents. All documents purporting to be sealed have been so sealed. All copies are complete and conform to their originals. Any translations are a true
translation of the original document they purport to translate. The Documents conform in every material respect to the latest drafts of the same produced to us and, where provided in successive drafts, have been marked up to indicate all changes to
such Documents. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top">Any Document was either executed as a single physical document (whether in counterpart or not) in full and final form or, where any Document was executed by or on behalf of any company, body corporate or corporate
entity, the relevant signature page was attached to such Document by, or on behalf of, the relevant person or otherwise with such person&#146;s express or implied authority. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 7</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top">The Memorandum and Articles are the memorandum and articles of association of the Company and are in force at the date hereof. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top">The Company Records are complete and accurate and all matters required by law and the Memorandum and Articles to be recorded therein are completely and accurately so recorded. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top">There are no records of the Company (other than the Company Records), agreements, documents or arrangements other than the documents expressly referred to herein as having been examined by us which materially affect,
amend or vary the transactions envisaged in the Documents or restrict the powers and authority of the Directors of the Company in any way or which would affect any opinion given herein. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top">The Resolutions have been duly executed (and where by a corporate entity such execution has been duly authorised if so required) by or on behalf of each Director, or by or on behalf of each member in respect of the
member resolutions, and the signatures and initials thereon are those of a person or persons in whose name the Resolutions have been expressed to be signed. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top">The Resolutions and any power of attorney given by the Company to execute the Documents remain in full force and effect and have not been revoked or varied. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top">No resolution voluntarily to wind up the Company has been adopted by the members and no event of a type which is specified in the Memorandum and Articles as giving rise to the winding up of the Company (if any) has in
fact occurred. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top">No amounts paid to or for the account of any party under the Documents or any property received or disposed of by any party to the Documents in each case in connection with the performance of the Documents or the
consummation of the transactions contemplated thereby (any such amount or property, the &#147;<B>Relevant Property</B>&#148;), represent or will represent proceeds of criminal conduct, criminal property or terrorist property as defined in the
Proceeds of Crime Law (2017 Revision) or the Terrorism Law (2017 Revision) (the &#147;<B>Terrorism Law</B>&#148;), each of the Cayman Islands. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top">As a matter of all relevant laws (other than the laws of the Cayman Islands), any power of attorney given by the Company to execute the Documents has been duly executed by the Company and constitutes the persons named
therein as the duly appointed attorney of the Company with such authority as is specified therein. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">20.</TD>
<TD ALIGN="left" VALIGN="top">As a matter of all relevant laws (other than the laws of the Cayman Islands) none of the Documents constitute a security interest. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 8</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>QUALIFICATIONS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The term &#147;<B>enforceable</B>&#148; and its cognates as used in this opinion means that the obligations assumed by any party under the Documents are of a type which the Courts enforce. This does not mean that those
obligations will necessarily be enforced in all circumstances in accordance with their terms. In particular: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">enforcement of obligations and the priority of obligations may be limited by bankruptcy, insolvency, liquidation, reorganisation, readjustment of debts or moratorium and other laws of general application relating to or
affecting the rights of creditors or by prescription or lapse of time; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">enforcement may be limited by general principles of equity and, in particular, the availability of certain equitable remedies such as injunction or specific performance of an obligation may be limited where a Court
considers damages to be an adequate remedy; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">claims may become barred under statutes of limitation or may be or become subject to defences of set-off, counterclaim, estoppel and similar defences; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">where obligations are to be performed in a jurisdiction outside the Cayman Islands, they may not be enforceable in the Cayman Islands to the extent that performance would be illegal under the laws of, or contrary to the
public policy of, that jurisdiction; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">a judgment of a Court may be required to be made in Cayman Islands dollars; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">to the extent that any provision of the Documents is adjudicated to be penal in nature, it will not be enforceable in the Courts; in particular, the enforceability of any provision of the Documents that is adjudicated
to constitute a secondary obligation which imposes a detriment on the contract-breaker out of all proportion to any legitimate interest of the innocent party in the enforcement of the primary obligation may be limited; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">to the extent that the performance of any obligation arising under the Documents would be fraudulent or contrary to public policy, it will not be enforceable in the Courts; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top">in the case of an insolvent liquidation of the Company, its liabilities are required to be translated into the functional currency of the Company (being the currency of the primary economic environment in which it
operated as at the commencement of the liquidation) at the exchange rates prevailing on the date of commencement of the voluntary liquidation or the day on which the winding up order is made (as the case may be); </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">a Court will not necessarily award costs in litigation in accordance with contractual provisions in this regard; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top">the effectiveness of terms in the Documents excusing any party from a liability or duty otherwise owed or indemnifying that party from the consequences of incurring such liability or breaching such duty shall be
construed in accordance with, and shall be limited by, applicable law, including generally applicable rules and principles of common law and equity. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Cayman Islands stamp duty will be payable on any Document if it is executed in or brought to the Cayman Islands, or produced before a Court. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 9</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">A certificate, determination, calculation or designation of any party to the Documents as to any matter provided therein might be held by a Court not to be conclusive, final and binding, notwithstanding any provision to
that effect therein contained, for example if it could be shown to have an unreasonable, arbitrary or improper basis or in the event of manifest error. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">If any provision of the Documents is held to be illegal, invalid or unenforceable, severance of such provision from the remaining provisions will be subject to the discretion of the Courts notwithstanding any express
provisions in this regard. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">Every conveyance or transfer of property, or charge thereon, and every payment obligation and judicial proceeding, made, incurred, taken or suffered by a company at a time when that company was unable to pay its debts
within the meaning of section&nbsp;93 of the Companies Law (2016 Revision) of the Cayman Islands (the &#147;<B>Companies Law</B>&#148;), and made or granted in favour of a creditor with a view to giving that creditor a preference over the other
creditors of the company, would be invalid pursuant to section 145(1) of the Companies Law, if made, incurred, taken or suffered within the six months preceding the commencement of a liquidation of that company. Such actions will be deemed to have
been made with a view to giving such creditor a preference if it is a &#147;related party&#148; of the company. A creditor shall be treated as a related party if it has the ability to control the company or exercise significant influence over the
company in making financial and operating decisions. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">Any disposition of property made at an undervalue by or on behalf of a company and with an intent to defraud its creditors (which means an intention to wilfully defeat an obligation owed to a creditor), shall be
voidable: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">under section 146(2) of the Companies Law at the instance of the company&#146;s official liquidator; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">under the Fraudulent Dispositions Law (1996 Revision) of the Cayman Islands, at the instance of a creditor thereby prejudiced, </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">provided that in either case, no such action may be commenced more than six years after the date of the relevant disposition. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">If any business of a company has been carried on with intent to defraud creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any persons who were knowingly
parties to the carrying on of the business of the company in such manner are liable to make such contributions, if any, to the company&#146;s assets as the Court thinks proper. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding any purported date of execution in any of the Documents, the rights and obligations therein contained take effect only on the actual execution and delivery thereof but the Documents may provide that they
have retrospective effect as between the parties thereto alone. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">The obligations of the Company may be subject to restrictions pursuant to United Nations sanctions and/or measures adopted by the European Union Council for Common Foreign&nbsp;&amp; Security Policy extended to the
Cayman Islands by the Order of Her Majesty in Council. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">Under the laws of the Cayman Islands, persons who are not party to a Document have no direct rights or obligations under such Document unless: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">such Document expressly provides in writing that such persons may in their own right enforce a term of such Document under The Contracts (Rights of Third Parties) Law, 2014 of the Cayman Islands; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 10</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">they are persons acting pursuant to powers contained in a deed poll; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">they are beneficiaries under properly constituted trusts. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top">Our opinion as to good standing is based solely upon receipt of the Certificate of Good Standing issued by the Registrar. The Company shall be deemed to be in good standing under section 200A of the Companies Law on the
date of issue of the certificate if all fees and penalties under the Companies Law have been paid and the Registrar has no knowledge that the Company is in default under the Companies Law. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top">The Court Register may not reveal whether any out of court appointment of a liquidator or a receiver has occurred. The Court Register may not constitute a complete record of the proceedings before the Grand Court as at
the Search Time including for the following reasons: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">it may not reveal whether any documents filed subsequently to an originating process by which new causes of action and/or new parties are or may be added (including amended pleadings, counterclaims and third party
notices) have been filed with the Grand Court; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">it may not reveal any originating process (including a winding up petition) in respect of the Company in circumstances where the Court has prior to the issuance of such process ordered that such process upon issuance be
anonymised (whether on a temporary basis or otherwise); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">it may not be updated every day; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">documents may have been removed from it, or may not have been placed on it, where an order has been made to that effect in a particular cause or matter; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">it may not reveal any orders made ex parte on an urgent basis where the originating process is issued subsequently pursuant to an undertaking given to the Court at the time the order is made. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top">We express no opinion upon any provisions in the Memorandum and Articles or any document which contains a reference to any law or statute that is not a Cayman Islands law or statute. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top">We express no opinion upon the effectiveness of any clause of the Documents which provides that the terms of such Document may only be amended in writing. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top">We render no opinion as to the specific enforcement as against the Company of covenants granted by the Company to do or to omit to do any action or other matter which is reserved by applicable law or the Company&#146;s
constitutional documents to the Company&#146;s members or any other person. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top">Based on the decision in the English case of <I>Houldsworth v City of Glasgow Bank (1880)&nbsp;5 App Cas 317 HL</I>, in the event of a misrepresentation by a company on which a member relied in agreeing to subscribe for
shares in such company, the member may be entitled to rescind the share subscription agreement and thereafter claim damages against such company for any additional loss suffered as a result of the misrepresentation. Such a claim for damages will not
arise unless and until the member has successfully rescinded the share subscription agreement. A member may be barred from rescinding on the grounds of delay or affirmation and if such company is wound up (whether voluntarily or compulsorily), such
member will lose the right to rescind the share subscription agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top">Where a document provides for an exclusive or non-exclusive jurisdiction clause submitting (or permitting the submission) to the jurisdiction of the Courts, a Court may decline to accept jurisdiction in any matter
where: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">it determines that some other jurisdiction is a more appropriate or convenient forum; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>WALKERS</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Page 11</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">another court of competent jurisdiction has made a determination in respect of the same matter; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">litigation is pending in respect of the same matter in another jurisdiction. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Proceedings may
be stayed in the Cayman Islands if concurrent proceedings in respect of the same matter are or have been commenced in another jurisdiction. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top">Where a document provides for an exclusive jurisdiction clause submitting to a jurisdiction of a court other than the Courts, notwithstanding any provision of the document providing for the exclusive jurisdiction of a
court other than the Courts, the Court may, if it is satisfied that it is just and equitable to allow such proceedings to continue in the Cayman Islands: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">decline to stay proceedings issued in contravention of such provision; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">grant leave to serve Cayman Islands proceedings out of the Cayman Islands. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top">If the performance of the Documents or the consummation of the transactions contemplated thereby constitutes an arrangement which facilitates the retention or control by or on behalf of another person of terrorist
property by concealment, by removal from the jurisdiction or by transfer to nominees or if any party to the Documents: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">pays, disposes of or receives any Relevant Property with the intention that it should be used, or with reasonable cause to suspect that it will or may be used, for the purposes of terrorism; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">knows or has reasonable cause to suspect that Relevant Property has been used directly or indirectly in the commission of an act of terrorism or will or may be used for the purposes of terrorism; or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">acquires Relevant Property as a result of or in connection with acts of terrorism, </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">then</TD>
<TD ALIGN="left" VALIGN="top">an offence may be committed under the Terrorism Law. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">20.</TD>
<TD ALIGN="left" VALIGN="top">We express no opinion on and our opinions are subject to the effect, if any, of any provisions of any Document that relies upon financial or numerical computation. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">21.</TD>
<TD ALIGN="left" VALIGN="top">The Company may be required to submit (or to cause to be submitted on its behalf) a notification and report to the Cayman Islands Department for International Tax Cooperation to ensure compliance with any obligations it
may have under the laws of the Cayman Islands relating to the automatic exchange of financial account information. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top">Shares, voting rights in a Cayman Islands&#146; company or the right to appoint or remove a majority of directors of a Cayman Islands&#146; company (a &#147;<B>Relevant Interest</B>&#148;) will be affected by a
restrictions notice issued by such company pursuant to the Companies Law (a &#147;<B>Restrictions Notice</B>&#148;). If a Restrictions Notice is issued, then in respect of such Relevant Interest: any transfer or agreement to transfer shall be void;
no rights shall be exercisable; no additional shares may be issued in respect of the Relevant Interest or pursuant to an offer made to the interest holder; and, except in a liquidation, an agreement to transfer certain rights shall be void.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top">No Restrictions Notice is permitted to be issued in relation to a Relevant Interest if it is subject to a security interest granted to a third party who is not affiliated with the person who holds such Relevant
Interest. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit F </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[See Attached] </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit F </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC ENTERTAINMENT GROUP </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Certificate </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[</B><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT><FONT STYLE="font-family:Times New Roman"><B></B><B>],
2017</B> </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned, a duly elected Director of Tencent Music Entertainment Group, an exempted company with limited liability
incorporated under the laws of the Cayman Islands (the &#147;<U>Company</U>&#148;), DOES HEREBY CERTIFY that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-1</U> is a true, correct and complete copy of the certificate of incorporation and certificate of incorporation on change of name (together, the &#147;<U>TME Certificate of
Incorporation</U>&#148;) of the Company issued by the Registrar of Companies of the Cayman Islands as of the date given on the certification. The TME Certificate of Incorporation has not been amended or restated, and no document with respect to an
amendment to the TME Certificate of Incorporation has been filed in the office of the Registrar of Companies of the Cayman Islands, since the date shown on the face of the Cayman Islands certification attached hereto. Since such date, no proceeding
has been commenced for the merger, consolidation, winding up, dissolution or liquidation of the Company or the sale of all or substantially all of its assets and, to the best of his/her knowledge, no action or proceeding threatening the
Company&#146;s existence or which would result in the forfeiture of the TME Certificate of Incorporation has been commenced or threatened. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-2</U> is a true, correct and complete copy of the Third Amended and Restated Memorandum and Articles of Association of the Company (the &#147;<U>Articles</U>&#148;), which have been in
full force and effect at all times, and which have not been amended or restated, since [<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>], 2017 through and including the date hereof. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-3</U> is a true, correct and complete copy of a certificate of good standing issued by the Registrar of Companies of the Cayman Islands on the date set forth thereon and certifying to the
good standing of the Company in the Cayman Islands as of the date set forth therein. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"><U>Exhibit A-4</U> attached hereto sets forth, as of the date hereof, the Fully Diluted share capital of the Company after giving effect to the issuance of the Acquired TME Shares and assuming the consummation of the
issuance pursuant to the TME Equity Offering and the Distribution to Other Shareholders (each as defined in the Subscription Agreement, dated as of December 8, 2017 (the &#147;<U>Subscription Agreement</U>&#148;), by and among Tencent Music
Entertainment Hong Kong Limited, a company incorporated under the laws of Hong Kong, the Company, Spotify Technology S.A., a public limited company (<I>soci&eacute;t&eacute; anonyme</I>) incorporated under the laws of Luxembourg, having its
registered office at 42-44 avenue de la Gare, L-1610 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B 123 052, and Spotify AB, a corporation incorporated under the laws of Sweden) of an aggregate of
208,120,931 TME Shares. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-5</U> is a true, correct and complete copy of the Second Amended and Restated Shareholders Agreement of the Company (&#147;<U>Shareholders Agreement</U>&#148;), which has been in full
force and effect at all times, and which has not been amended or restated, since [<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>], 2017 through and including the date hereof. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-6</U> is a true, correct and complete copy of the minutes of a meeting of the Directors held on [<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>], 2017. Said resolutions
authorize the execution, delivery and performance of the Subscription Agreement and the Other Transaction Agreements (as defined in the Subscription Agreement) and the consummation of the transactions contemplated thereby. The aforementioned
resolutions have not been amended, rescinded or modified since their adoption and execution, remain in full force and effect as of the date hereof and represent the only resolutions adopted or actions taken by, or on behalf of, the Directors
relating to the matters described therein. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-7</U> is a true, correct and complete copy of the minutes of an extraordinary general meeting of the shareholders of the Company held on
[<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>], 2017 in accordance with the Companies Law (as amended) of the Cayman Islands (the &#147;<U>EGM</U>&#148;). Resolutions duly passed at said EGM authorize the execution, delivery and
performance of the Subscription Agreement, the Other Transaction Agreements and the consummation of the transactions contemplated thereby and approves the Articles. The aforementioned resolutions have not been amended, rescinded or modified since
their adoption and execution, remains in full force and effect as of the date hereof and represents the only resolutions adopted or actions taken by, or on behalf of, the shareholders of the Company relating to the matters described therein.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">Each person, who as a Director or officer of the Company, signed the Subscription Agreement, the Other Transaction Agreements or the certificates delivered by, as of or on the date hereof in connection with the closing
of the transactions contemplated by the Subscription Agreement, was duly elected and qualified as a Director or officer of the Company and held office or offices indicated thereon on the date of, and was duly authorized to take, such action and each
signature of such signing Director or officer is his or her genuine signature. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I></I>[<I>Remainder of Page Intentionally
Left Blank</I>]<I> </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned has executed this certificate as of the date first above
written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">[<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Director</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The undersigned, the duly qualified officer of the Company, DOES HEREBY CERTIFY that [<FONT
STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT><FONT STYLE="font-family:Times New Roman">] is the duly elected Director of the Company and that the signature set forth above his/her name is his/her true signature.
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned has executed this certificate as of the date first written above. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">[<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">[<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>]</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit G </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[See Attached] </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>STRICTLY PRIVATE AND CONFIDENTIAL </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit G </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman"><B>To the Addressee</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Luxembourg, <B>[date]</B> 2017 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GH/BLG/JHEN&#150; 49797.22412306v8 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>PROJECT TENCENT
</U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Madam, dear Sir, </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have acted as legal
advisors to the Company in the Grand Duchy of Luxembourg in connection with the Contractual Documents. We have taken instructions exclusively from the Company and we are addressing this Opinion to you at the request of the Company; we therefore
expressly reserve the right to represent and advise the Company in relation to the Contractual Documents now and in the future. We are not your legal advisors and nothing in this Opinion should be read as implying that we owe you any duty of care in
relation to the Contractual Documents. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">In arriving at the opinions expressed below, we have examined and relied exclusively on the Documents. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Capitalised terms used herein are defined in appendix A. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">A reference to a convention, law or regulation herein is to be construed as a reference to such convention, law and regulation as the same may
have been amended or re-enacted. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">This Opinion is limited to Luxembourg Law. Accordingly, we express no opinion with regard to any system of law other than Luxembourg Law. We express no opinion (a)&nbsp;on public international law or on the rules
promulgated under any treaty or by any treaty organisation or on any accounting, criminal or tax laws or regulations of any jurisdiction (including Luxembourg), except as specifically set out herein and (b)&nbsp;with regard to the effect of any
systems of law other than Luxembourg Law even in cases where, under Luxembourg Law, any foreign law or regulation should be applied, and we therefore assume that no provisions of any foreign law or regulation would affect, qualify or have any
bearing on this Opinion. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">We express no opinion as to whether any representations and warranties set out in the Contractual Documents (other than representations and warranties as to matters of Luxembourg Law on which we express an opinion
herein) are and will be true and accurate when made, nor do we express any opinion on the rationale of the transactions considered by, referred to in, provided for or effected by the Documents. We have not investigated or verified the accuracy of
the facts (or statements of foreign law) or the reasonableness of any statements of opinion or intention contained in any of the Documents, or verified that no material facts or provisions have been omitted therefrom, save if any such matter is the
subject of a specific opinion herein, and we do not have detailed knowledge of the transactions considered by, referred to in, provided for or effected by the Documents nor of any documents other than the Documents even if referred to in the
Documents. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">For the purpose of this Opinion we have assumed: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.1.</TD>
<TD ALIGN="left" VALIGN="top">the genuineness of all signatures, seals and stamps on any of the Documents and the completeness and conformity to originals of the Documents submitted to us as certified, photostatic, faxed, scanned or e-mailed copies;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.2.</TD>
<TD ALIGN="left" VALIGN="top">the conformity to the signed originals of the Contractual Documents examined by us in draft or execution form only and that, to the extent made, any completion and/or amendment of such draft or execution forms does not
affect, qualify or have any bearing on this Opinion; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.3.</TD>
<TD ALIGN="left" VALIGN="top">that the Contractual Documents have been signed and entered into by each of the parties thereto in the form examined by us and substantially in the form approved by the board of directors of the Company in the
Resolutions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.4.</TD>
<TD ALIGN="left" VALIGN="top">that, in respect of the Contractual Documents and each of the transactions contemplated by, referred to in, provided for or effected by the Documents, (a)&nbsp;the parties to the Contractual Documents entered into the
same in good faith and for the purpose of carrying out their business, on arms&#146; length commercial terms, without any intention to defraud or deprive of any legal benefit any other persons (such as third parties and, in particular, creditors) or
to circumvent any applicable mandatory laws or regulations of any jurisdiction, (b)&nbsp;the entry into the Contractual Documents and the performance of any rights and obligations thereunder are in the best corporate interest
<I></I>(<I>int&eacute;r&ecirc;t social</I>)<I></I> of the Company and (c)&nbsp;the legality, validity, binding effect and enforceability of the Contractual Documents on each party is not affected by any matter or factual circumstance such as fraud,
coercion, duress, undue influence or mistake; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.5.</TD>
<TD ALIGN="left" VALIGN="top">the absence of any other arrangements between any of the parties to the Contractual Documents which modify or supersede any of the terms of the Contractual Documents; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.6.</TD>
<TD ALIGN="left" VALIGN="top">that the Company does not meet the criteria for the opening of any insolvency proceedings such as bankruptcy <I></I>(<I>faillite</I>)<I></I>, insolvency, winding-up, liquidation, moratorium, controlled management
<I></I>(<I>gestion contr&ocirc;l&eacute;e</I>)<I></I>, suspension of payment<I> </I>(<I>sursis de paiement</I>)<I></I>, voluntary arrangement with creditors <I></I>(<I>concordat pr&eacute;ventif de la faillite</I>)<I></I>, fraudulent conveyance,
general settlement with creditors, reorganisation or similar order or proceedings affecting the rights of creditors generally; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.7.</TD>
<TD ALIGN="left" VALIGN="top">that the Corporate Documents are true, complete, up-to-date and have not been rescinded, supplemented or amended in any way since the date thereof; that no other corporate documents exist which would have a bearing on
this Opinion; and that all statements contained therein are true and correct; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.8.</TD>
<TD ALIGN="left" VALIGN="top">that the resolutions of the board directors were properly taken as reflected in the Resolutions, that the meeting of the board of directors of the Company was properly convened for the purpose of adopting the
Resolutions, that each director has properly performed his duties and that all provisions relating to the declaration of opposite interests or the power of the interested directors to vote were fully observed; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.9.</TD>
<TD ALIGN="left" VALIGN="top">that the individuals purported to have signed the Documents have in fact signed such Documents and that these individuals had legal capacity when they signed; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.10.</TD>
<TD ALIGN="left" VALIGN="top">that the head office <I></I>(<I>administration centrale</I>)<I></I> and the place of effective management <I></I>(<I>si&egrave;ge de direction effective</I>)<I></I> of the Company are located at the place of its
registered office <I></I>(<I>si&egrave;ge statutaire</I>)<I></I> in Luxembourg; that, for the purposes of the Insolvency Regulation, the centre of main interests <I></I>(<I>centre des int&eacute;r&ecirc;ts principaux</I>)<I></I> of the Company is
located at the place of its registered office <I></I>(<I>si&egrave;ge statutaire</I>)<I></I> in Luxembourg; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.11.</TD>
<TD ALIGN="left" VALIGN="top">that during the search made on <B>[date]</B> on the <I>RESA</I> and in the <I>M&eacute;morial</I>, the information published regarding the Company was complete, up-to-date and accurate at the time of such search and has
not been modified since such search; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.12.</TD>
<TD ALIGN="left" VALIGN="top">that the Company has complied with all legal requirements of the Domiciliation Law or, if the Company rents office space, that the premises rented by the Company meet the factual criteria set out in the circulars issued
by the CSSF in connection with the Domiciliation Law; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.13.</TD>
<TD ALIGN="left" VALIGN="top">that the choice of the laws of the State of New York to govern the Contractual Documents and the submission of the Contractual Documents to the arbitration of the International Chamber of Commerce with regard to any
disputes under the Contractual Documents is legal, valid, binding and enforceable under the laws of the State of New York and that such choice and submission would be recognised by the courts of any jurisdiction (other than the courts of
Luxembourg); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.14.</TD>
<TD ALIGN="left" VALIGN="top">that the Contractual Documents are legal, valid, binding and enforceable in accordance with their terms under the laws of the State of New York. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">This Opinion is given on the basis that it will be governed by and construed in accordance with Luxembourg Law and will be subject to Luxembourg jurisdiction only. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">On the basis of the assumptions set out above and subject to the qualifications set out below
and to any factual matters, documents or events not disclosed to us, we are of the opinion that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.1.</TD>
<TD ALIGN="left" VALIGN="top">The Company is a <I>soci&eacute;t&eacute; anonyme</I> duly incorporated before a Luxembourg notary for an unlimited duration and validly existing under Luxembourg Law. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.2.</TD>
<TD ALIGN="left" VALIGN="top">According to, and based solely on, the Non-Registration Certificate, on <B>[date preceding the date of the certificate]</B> none of the following judicial decisions has been recorded with the Luxembourg Trade and
Companies&#146; Register with respect to the Company: (a)&nbsp;judgments or decisions pertaining to the opening of insolvency proceedings <I></I>(<I>faillite</I>)<I></I>, (b) judgments or court orders approving a voluntary arrangement with creditors
<I></I>(<I>concordat pr&eacute;ventif de la faillite</I>)<I></I>, (c) court orders pertaining to a suspension of payments <I></I>(<I>sursis de paiement</I>)<I></I>, (d) judicial decisions regarding controlled management <I></I>(<I>gestion
contr&ocirc;l&eacute;e</I>)<I></I>, (e) judicial decisions pronouncing its dissolution or deciding on its liquidation, (f)&nbsp;judicial decisions regarding the appointment of an interim administrator <I></I>(<I>administrateur
provisoire</I>)<I></I>, or (g)&nbsp;judicial decisions taken by foreign judicial authorities concerning insolvency, voluntary arrangements or any similar proceedings in accordance with the Insolvency Regulation. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.3.</TD>
<TD ALIGN="left" VALIGN="top">The Company has the necessary corporate power and authority under the Articles of Association to execute and deliver the Contractual Documents and perform its obligations thereunder. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.4.</TD>
<TD ALIGN="left" VALIGN="top">The Company has taken all necessary corporate action to duly and validly authorise and approve the execution and delivery of the Contractual Documents to which it is a party, the performance of its obligations
thereunder and the consummation by the Company of the transactions contemplated thereby, and no other corporate or other similar action on the part of the Company is necessary to authorise and approve the execution and delivery of the Contractual
Documents to which it is a party, the performance of its obligations thereunder and the consummation by the Company of the transactions contemplated thereby. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.5.</TD>
<TD ALIGN="left" VALIGN="top">The Contractual Documents have been duly and validly executed and delivered on behalf of the Company in accordance with Luxembourg Law, the Articles of Association and the Resolutions. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.6.</TD>
<TD ALIGN="left" VALIGN="top">The execution of the Contractual Documents by the Company and the performance by the Company of its obligations under the Contractual Documents do not violate or conflict with any provision of its Articles of
Association, the Companies Law or Luxembourg international public policy <I></I>(<I>ordre public international</I>)<I></I>. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.7.</TD>
<TD ALIGN="left" VALIGN="top">In any proceedings instituted in Luxembourg for the enforcement of any provisions of the Contractual Documents which are stipulated to be governed by the laws of the State of New York, the choice of the laws of the
State of New York law as the governing law thereof will be recognised by the courts of Luxembourg subject to and in accordance with the provisions of the Rome I Regulation. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.8.</TD>
<TD ALIGN="left" VALIGN="top">As regards the arbitration clause in the Contractual Documents, the courts of Luxembourg will recognize and declare enforceable any final and conclusive civil or commercial arbitral award duly rendered in relation to
the Contractual Documents, subject to Articles 1224 <I>et</I> <I>seq</I>. of the Luxembourg <I>Nouveau Code de Proc&eacute;dure Civile</I> and/or to the New York Convention. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.9.</TD>
<TD ALIGN="left" VALIGN="top">Based on the Corporate Documents, all Shares (including the shares that the Company issued to TME HK) issued and outstanding on [<I>insert date of Closing</I>] are duly authorised, validly issued, fully paid and
non-assessable <I></I>(<I>non susceptible d&#146;appels de versement</I>)<I></I>. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.10.</TD>
<TD ALIGN="left" VALIGN="top">It is not necessary under Luxembourg Law that the Contractual Documents be filed, recorded or enrolled with any court or other authority in Luxembourg or that any stamp, registration or similar tax be paid on or in
relation to the Contractual Documents. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.11.</TD>
<TD ALIGN="left" VALIGN="top">Non-Luxembourg parties to the Contractual Documents will not become resident in Luxembourg, or be deemed to be resident or otherwise subject to tax filings in Luxembourg (except as expressly stated in this Opinion) by
reason only of the entry into or the performance of the Contractual Documents. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.12.</TD>
<TD ALIGN="left" VALIGN="top">It is not necessary under Luxembourg Law that the non-Luxembourg parties to the Contractual Documents be authorised, licensed, qualified or otherwise entitled to carry on business in Luxembourg or establish a place of
business in Luxembourg for the entry into and performance of the Contractual Documents. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">The opinions expressed above are subject to the following qualifications: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.1.</TD>
<TD ALIGN="left" VALIGN="top">Luxembourg legal concepts are expressed in English terms and not in their original French terms. The concepts in question may not be identical to the concepts described by the same English terms as they exist in the
laws and regulations of other jurisdictions. This Opinion may, therefore, only be relied on upon the express condition that any issues of interpretation or liability arising hereunder be governed by Luxembourg Law only and be brought exclusively
before a court in Luxembourg; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.2.</TD>
<TD ALIGN="left" VALIGN="top">the opinions set out above are subject to all limitations by reason of national or foreign bankruptcy, insolvency, winding-up, liquidation, moratorium, controlled management, suspension of payment, voluntary arrangement
with creditors, fraudulent conveyance, general settlement with creditors, reorganisation or similar laws affecting the rights of creditors generally; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.3.</TD>
<TD ALIGN="left" VALIGN="top">Luxembourg international public policy <I></I>(<I>ordre public international</I>)<I></I> includes the fundamental concepts of Luxembourg Law which Luxembourg courts may deem to be of such significance so as to exclude
the application of a foreign law or the recognition of a foreign judgement deemed to be contrary in its results to such fundamental concepts. Luxembourg international public policy is a matter which is constantly evolving on the basis of the
position of Luxembourg courts with respect to cases they treat. Accordingly, there are uncertainties as to what is considered as international public policy under Luxembourg law. There is no closed end list of provisions that are considered to be
contrary to Luxembourg international public policy and there is only limited published case law on this matter; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.4.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Non-Registration Certificate does not determine conclusively whether or not the judicial decisions referred
to therein have occurred. In particular, it is not possible to determine whether any petition has been filed with a court or any similar action has been taken against or on behalf of the Company regarding the opening of insolvency proceedings
<I></I>(<I>faillite</I>)<I></I>, suspension of payments <I></I>(<I>sursis de paiement</I>)<I></I>, controlled management <I></I>(<I>gestion contr&ocirc;l&eacute;e</I>)<I></I> or voluntary arrangements that the
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
Company would have entered into with their creditors (<I>concordat pr&eacute;ventif de la faillite</I>), judicial decisions regarding the appointment of an interim administrator
(<I>administrateur provisoire</I>), or judicial decisions taken by foreign judicial authorities concerning insolvency, voluntary arrangements or any similar proceedings in accordance with the Insolvency Regulation. The Non-Registration Certificate
only mentions such proceedings if a judicial decision was rendered further to such a request, and if such judicial decision was recorded with the Luxembourg Trade and Companies&#146; Register on the date referred to in the Non-Registration
Certificate; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.5.</TD>
<TD ALIGN="left" VALIGN="top">judicial decisions taken in any jurisdiction in which the Insolvency Regulation is not applicable are not subject to mandatory registration with the Luxembourg Trade and Companies&#146; Register; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.6.</TD>
<TD ALIGN="left" VALIGN="top">deeds (<I>actes</I>) or extracts of deeds (<I>extraits d&#146;actes</I>) and other indications relating to the Company and which, under Luxembourg Law, must be published on the <I>RESA</I> (and which mainly concern acts
relating to the incorporation, the functioning, the appointment of directors/managers and liquidation/insolvency of the Company as well as amendments, if any, to the articles of association of the Company) will only be enforceable against third
parties after they have been published on the <I>RESA</I> except where such third parties had previously knowledge thereof. Such third parties may rely on deeds or extracts of deeds prior to their publication. For the fifteen days following the
publication, these deeds or extracts of deeds will not be enforceable against third parties who prove that it was impossible for them to have knowledge thereof. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.7.</TD>
<TD ALIGN="left" VALIGN="top">there may be a lapse between the filing of a document and its actual publication on the <I>RESA</I>. Furthermore, filings made with the Luxembourg Trade and Companies&#146; Register prior to the year 2000 will not be
available on its website; the results of our search on the website of the Luxembourg Trade and Companies&#146; Register is therefore limited to documents filed from the year 2000 onwards; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.8.</TD>
<TD ALIGN="left" VALIGN="top">the non-compliance by the Company with criminal law or the provisions of the commercial code or the laws governing commercial companies including the requirement to file with the Trade and Companies&#146; Register its
annual accounts may trigger the application of Article 203 of the Companies Law according to which the District Court (<I>Tribunal d&#146;Arrondissement</I>) dealing with commercial matters may, at the request of the Public Prosecutor (<I>Procureur
d&#146;Etat</I>), order the dissolution and liquidation of the Company; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.9.</TD>
<TD ALIGN="left" VALIGN="top">If the Contractual Documents (i)&nbsp;are voluntarily presented to the registration formalities or (ii)&nbsp;are appended to a document that requires mandatory registration, a registration (&#147;<I>droit
d&#146;enregistrement</I>&#148;) duty will be due, the amount of which will depend on the nature of the document to be registered; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.10.</TD>
<TD ALIGN="left" VALIGN="top">the rights and obligations of the parties to the Contractual Documents may be affected by criminal investigations or prosecution; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.11.</TD>
<TD ALIGN="left" VALIGN="top">the Luxembourg courts would not apply a chosen foreign law if the choice was not pleaded and proved; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.12.</TD>
<TD ALIGN="left" VALIGN="top">notwithstanding arbitration clauses, Luxembourg courts would have in principle jurisdiction for any summary proceedings (<I>r&eacute;f&eacute;r&eacute;</I>) in connection with assets located in Luxembourg;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.13.</TD>
<TD ALIGN="left" VALIGN="top">Luxembourg has on the basis of reciprocity declared that it will apply the New York Convention only to the recognition and enforcement of awards made in the territory of another contracting State; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.14.</TD>
<TD ALIGN="left" VALIGN="top">except as set out in opinions 5.7 and 5.8, we express no opinion with respect to the validity and/or enforceability and/or performance of the obligations under the Contractual Documents, which we have not reviewed in
this respect. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">This Opinion speaks as of the date hereof. No obligation is assumed to update this Opinion or to inform any person of any changes of law or other matters coming to our knowledge and occurring after the date hereof which
may affect this Opinion in any respect. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">This Opinion is addressed to you solely for your benefit and solely for the purpose of the Contractual Documents. It is not to be transmitted to any other person, nor to be relied upon by any other person, verified or
for any other purpose quoted or referred to in any public document or filed with any governmental agency or other person without our prior written consent. This Opinion is strictly limited to the matters stated herein and does not extend to, and is
not to be read as extending by implication to, any agreement or document referred to in the Contractual Documents or otherwise. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">We consent to the disclosure of this Opinion by the Addressee to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD ALIGN="left" VALIGN="top">to its affiliates, auditors and advisors (but solely in connection with this transaction); and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD ALIGN="left" VALIGN="top">any person to whom disclosure is required by (i)&nbsp;law or mandatory rules or regulations of any competent supervisory or regulatory proceedings; </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">on the basis that (a)&nbsp;such disclosure is made solely to enable any such person to be informed that this Opinion has been given and to be
made aware of its terms but not for the purposes of reliance, (b)&nbsp;we do not assume any duty or liability to any person to whom such disclosure is made and (c) (other than in relation to disclosure under point (iii)&nbsp;or unless such person is
otherwise bound by requirements of confidentiality) such person agrees not to further disclose this Opinion or its contents to any other person, other than as permitted above, without our prior written consent. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">This Opinion is issued by and signed on behalf of Arendt&nbsp;&amp; Medernach SA, admitted to practice in Luxembourg and registered on the list V of lawyers of the Luxembourg bar association. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yours faithfully, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">By and on
behalf of Arendt&nbsp;&amp; Medernach SA </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Guy Harles </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Partner </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>APPENDIX A &#150; DEFINITIONS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Addressee </I></B>means each addressee listed in appendix D. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Articles of Association </I></B>means the document listed under item 1 in Appendix B. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Company </I></B>means Spotify Technology S.A., a <I>soci&eacute;t&eacute;</I> <I>anonyme</I> incorporated under the laws of Luxembourg, whose registered
office is at 42-44, avenue de la Gare, L-1610 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B&nbsp;123052. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Companies Law </I></B>means the law of 10 August 1915 on commercial companies, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Contractual Documents </I></B>means the document listed in appendix C. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Corporate Documents </I></B>means the documents listed in appendix B. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>CSSF </I></B>means <I>Commission de Surveillance du Secteur Financier</I>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Documents </I></B>means the Contractual Documents and the Corporate Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Domiciliation Law </I></B>means the law of 31 May 1999 regarding the domiciliation of companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Insolvency Regulation </I></B>means the regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings
(recast). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Luxembourg Law </I></B>means the laws of the Grand Duchy of Luxembourg as they stand as at the date hereof and as such laws are currently
interpreted in published case law (except if published within the last thirty days) of the courts of the Grand Duchy of Luxembourg or, to the extent this Opinion concerns documents signed prior to this date, the date of their signature and the
period to date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Luxembourg Trade and Companies&#146; Register </I></B>means <I>R</I><I>egistre de Commerce et des Soci&eacute;t&eacute;s de
Luxembourg</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>M&eacute;morial </I></B>means the <I>M&eacute;morial C, Journal Officiel du Grand-Duch&eacute; de Luxembourg, Recueil des
Soci&eacute;t&eacute;s et Associations</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>New York Convention </I></B>means the United Nations convention on the recognition and enforcement of
foreign arbitral awards of 10 June 1958. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Non-Registration Certificate </I></B>means the certificate listed under item 3 in appendix B. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Opinion </I></B>means this legal opinion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>RESA
</I></B>means <I>Recueil &eacute;lectronique des soci&eacute;t&eacute;s et associations</I>, the central electronic platform of the Grand Duchy of Luxembourg. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Resolutions </I></B>means the resolutions listed under item 2 in Appendix B. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Rome I Regulation </I></B>means the regulation (EC) No 593/2008 of the European Parliament and of the Council of 17 June 2008 on the law applicable to
contractual obligations (Rome I). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Shares </I></B>means the [***] shares issued by the Company, representing the share capital of the
Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Subscription Agreement </I></B>means the Subscription Agreement, dated <B>[***],</B> 2017, and signed by and among Tencent Music
Entertainment Group, an exempted company with limited liability incorporated under the laws of the Cayman Islands, TME HK, the Company and Spotify AB, a corporation incorporated under the laws of Sweden, in the form provided to us by email of
<B>[***]</B>, dated <B>[***]</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>TME HK </I></B>means Tencent Music Entertainment Hong Kong Limited, a private company limited by shares
incorporated under the laws of Hong Kong. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>APPENDIX B &#150; CORPORATE DOCUMENTS </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">A copy of the consolidated articles of association of the Company dated <B>[***]</B> 2017. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">A copy of the signed minutes of the meeting of the board of directors of the Company taken on <B>[***]</B>. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">A certificate of non-registration of a judicial decision (<I>certificat de non-inscription d&#146;une d&eacute;cision judiciaire</I>) dated <B>[***]</B> 2017 and issued by the Luxembourg Trade and Companies&#146;
Register in relation to the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">An excerpt dated <B>[***]</B> 2017 from the Luxembourg Trade and Companies&#146; Register relating to the Company. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>APPENDIX C &#150; CONTRACTUAL DOCUMENT </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">An electronic copy of the Subscription Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">An electronic copy of the Investor Agreement, dated <B>[***]</B>, 2017, and signed by and among TME HK, Tencent Holdings Limited, an exempted company incorporated with limited liability under the laws of the Cayman
Islands, Tencent Music Entertainment Group, an exempted company with limited liability incorporated under the laws of the Cayman Islands, Image Frame Investment (HK) Limited, a company incorporated under the laws of Hong Kong, the Company and the
other parties thereto, in the form provided to us by email of <B>[***]</B>, dated <B>[***]</B>. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">An electronic copy of the Investor Agreement, dated<B> [***]</B>, 2017, and signed by and among Tencent Holdings Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands,
Tencent Music Entertainment Group, an exempted company with limited liability incorporated under the laws of the Cayman Islands, the Company and Spotify AB, a corporation incorporated under the laws of Sweden, in the form provided to us by email of
<B>[***]</B>, dated <B>[***]</B>. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>APPENDIX D &#150; ADRESSEE </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">TME HK. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit H </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[See Attached] </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit H </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPOTIFY TECHNOLOGY S.A. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Certificate </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[</B><FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT><FONT STYLE="font-family:Times New Roman"><B></B><B>],
2017 </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned, a duly empowered authorized representative of Spotify Technology S.A., a public limited company
(<I>soci&eacute;t&eacute; anonyme</I>) incorporated under the laws of Luxembourg, having its registered office at 42-44 avenue de la Gare, L-1610 Luxembourg, and registered with the Luxembourg Trade and Companies&#146; Register under number B 123
052 (the &#147;<U>Company</U>&#148;), DOES HEREBY CERTIFY that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-1</U> is a true, correct and complete copy of the Excerpt of the Company issued by the Registre de Commerce et des Soci&eacute;t&eacute;s of Luxembourg (the &#147;<U>RCS</U>&#148;) on the
date set forth thereon. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-2</U> is a true, correct and complete copy of the updated Articles of Association of the Company (the &#147;<U>Articles of Association</U>&#148;) issued by the RCS as of the date given on
the certification. The Articles of Association have not been amended or restated, and no document with respect to an amendment to the Articles of Association has been filed with the RCS, since the date shown on the face of the certification attached
hereto. Since such date, no proceeding has been commenced for the merger, consolidation, dissolution or liquidation of the Company or the sale of all or substantially all of its assets and, to the best of his knowledge, no action or proceeding
threatening the existence of the Company or which would result in the forfeiture of the Articles of Incorporation has been commenced or threatened. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Attached hereto as <U>Exhibit A-3</U> is a true, correct and complete copy of the Certificat N&eacute;gatif of the Company (the &#147;<U>Certificat N&eacute;gatif</U>&#148;) issued by the RCS on the date set forth
thereon and certifying that, as of the date thereof, none of the following judicial decisions has been recorded with the RCS with respect to the Company: (i)&nbsp;judgments or decisions pertaining to the opening of insolvency proceedings
(<I>faillite</I>), (ii) judgments or court orders approving a voluntary arrangement with creditors (<I>concordat pr&eacute;ventif de la faillite</I>), (iii) court orders pertaining to a suspension of payments (<I>sursis de paiement</I>), (iv)
judicial decisions regarding controlled management (<I>gestion contr&ocirc;l&eacute;e</I>), (v) judicial decisions pronouncing its dissolution or deciding on its liquidation, (vi)&nbsp;judicial decisions regarding the appointment of an interim
administrator (<I>administrateur provisoir</I><I>e</I>), or (vii)&nbsp;judicial decisions taken by foreign judicial authorities concerning insolvency, voluntary arrangements or any similar proceedings in accordance with the regulation (EU) 2015/848
of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (<I>recast</I>). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Attached hereto as <U>Exhibit A-4</U> is a true, correct and complete copy of (i)&nbsp;the minutes of the meeting
of the Board of Directors of the Company held on [<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>], 2017 and (ii)&nbsp;the written resolutions of the delegate of the Board of Directors of the Company, duly adopted on [<FONT
STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>], 2017. Said minutes and resolutions authorize the execution, delivery and performance of the Subscription Agreement, dated as of December 8, 2017 (the &#147;<U>Subscription</U>
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
<U>Agreement</U>&#148;), by and among Tencent Music Entertainment Group, an exempted company incorporated with limited liability under the laws of the Cayman Islands, Tencent Music Entertainment
Hong Kong Limited, a company incorporated under the laws of Hong Kong, Spotify AB, a corporation incorporated under the laws of Sweden (&#147;<U>Spotify AB</U>&#148;), and the Company, and the Other Transaction Agreements (as defined in the
Subscription Agreement) and the consummation of the transactions contemplated thereby. The aforementioned minutes and resolutions have not been amended, rescinded or modified since their adoption and execution, remain in full force and effect as of
the date hereof and represents the only resolutions adopted or actions taken by, or on behalf of, the Board of Directors of the Company relating to the matters described therein. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top"><U>Exhibit A-5</U> attached hereto sets forth, as of the date hereof, the Fully Diluted share capital of the Company after giving effect to the issuance of the Acquired Spotify Shares (as defined in the Subscription
Agreement). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">Each person, who as a director, officer or authorized representative of the Company, signed the Subscription Agreement, the Other Transaction Agreements or certificates delivered by, as of or on the date hereof in
connection with the closing of the transactions contemplated by the Subscription Agreement, was duly elected, qualified or empowered, as applicable, as a director, officer or authorized representative of the Company and held office or offices
indicated thereon on the date of, and was duly authorized to take, such action and each signature of such signing director, officer or authorized representative is his or her genuine signature. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[Remainder of Page Intentionally Left Blank]</I> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned has executed this certificate as of the date first above
written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name: Peter Grandelius</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:&nbsp;Authorized&nbsp;Signatory&nbsp;and&nbsp;Associate</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">General Counsel</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The undersigned, the duly qualified
[<FONT STYLE="font-family:SYMBOL; font-size:10pt" COLOR="#000000">&#183;</FONT><FONT STYLE="font-family:Times New Roman">] of the Company, DOES HEREBY CERTIFY that Peter Grandelius is a duly empowered authorized representative of the Company, and
that the signature set forth above his name is his true signature. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned has executed this
certificate as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name: [<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title:&nbsp;&nbsp; [<FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT>]</TD></TR>
</TABLE></DIV>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>filename4.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.20</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.20 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>STRICTLY PRIVATE AND CONFIDENTIAL </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTOR AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>among </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPOTIFY
TECHNOLOGY S.A., </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC ENTERTAINMENT GROUP, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT MUSIC ENTERTAINMENT HONG KONG LIMITED, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENCENT HOLDINGS LIMITED, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>IMAGE FRAME INVESTMENT (HK) LIMITED and, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>solely with respect to Section&nbsp;1.02, Section&nbsp;2.07, Section&nbsp;3.02, Section&nbsp;5.02, Section&nbsp;5.03, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section&nbsp;5.04, Section&nbsp;5.05, Section&nbsp;5.06, Section&nbsp;5.07, Section&nbsp;5.10, Section&nbsp;5.11, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section&nbsp;5.12, Section&nbsp;5.13 and Section&nbsp;5.14 thereof, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>D.G.E. INVESTMENTS LTD </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>and, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>solely with
respect to Section&nbsp;1.02, Section&nbsp;2.07, Section&nbsp;3.02, Section&nbsp;5.02, Section&nbsp;5.03, </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section&nbsp;5.04,
Section&nbsp;5.05, Section&nbsp;5.06, Section&nbsp;5.07, Section&nbsp;5.10, Section&nbsp;5.11, </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section&nbsp;5.12, Section&nbsp;5.13
and Section&nbsp;5.14 thereof, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ROSELLO COMPANY LIMITED </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DATED AS OF DECEMBER 15, 2017 </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>TABLE OF CONTENTS </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Page</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE I DEFINITIONS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;1.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Certain Defined Terms</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 1.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Other Definitional Provisions; Interpretation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE II TRANSFER OF SPOTIFY SECURITIES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">General Transfer Restrictions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Restrictions on Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.03</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Joinder to Investor Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.04</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Notice of Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.05</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Legends</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.06</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Lock-Up Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.07</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Drag-Along Right</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 2.08</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Delay of Transfer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE III STANDSTILL; VOTING</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Standstill Covenant</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 3.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Voting Agreement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE IV CERTAIN GOVERNANCE MATTERS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Information Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Potential Business Opportunities</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.03</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Anti-Bribery Covenants</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 4.04</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Sanctions Covenant</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE V GENERAL PROVISIONS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.01</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Confidentiality</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.02</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Amendment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.03</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Notices</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.04</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Waivers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.05</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Successors and Assignment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.06</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">No Third-Party Beneficiaries</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.07</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Severability</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.08</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Entire Understanding</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.09</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Governing Documents; Other Shareholder Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Governing Law</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Arbitration</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Counterparts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Specific Performance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Termination</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Other Agreements</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SECTION 5.16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Representations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">i </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Index of Defined Terms </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Affiliate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anticorruption Laws</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficial owner</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficial ownership</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">beneficially own</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Board</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Brokerage Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Business Day</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Competing Business</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Confidential Information</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Convertible Notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Derivative Security</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">DGE Investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Drag Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Drag-Along Notice</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Drag-Along Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Eligible Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Foreign or State Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Founder Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Founders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fully Diluted</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ICC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Identified Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Institutional Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investor</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">IPO</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Law</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lock-Up Period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Main Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Main Party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">non-marketable securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
</DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="93%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC Sanctioned Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">OFAC Sanctions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Permitted Transferee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Person or person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Potential Business Opportunity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prohibited Person</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Prohibited Person List</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Qualified Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Representatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rights Holder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rosello</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SDN List</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Secretary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Securities Act</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Spotify Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Standstill Cap</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Standstill Period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Strategic Investor</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subscription Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subsidiary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent Hong Kong Secondary Purchase</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tencent Parties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TME Investor Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total Voting Power</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transfer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferring Founder(s)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Transferring Holders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">VIE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> </div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INVESTOR AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">INVESTOR AGREEMENT, dated as of December&nbsp;15, 2017 (this &#147;<U>Agreement</U>&#148;), among Spotify Technology S.A., a public limited
company (<I>soci&eacute;t&eacute;</I><I> anonyme)</I> incorporated under the laws of Luxembourg, having its registered office at 42-44 avenue de la Gare, L-1610 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number
B 123 052 (the &#147;<U>Company</U>&#148;), Tencent Music Entertainment Group, an exempted company incorporated with limited liability under the laws of the Cayman Islands (&#147;<U>TME</U>&#148;), Tencent Music Entertainment Hong Kong Limited, a
company incorporated under the laws of Hong Kong (&#147;<U>TME Hong Kong</U>&#148;), Tencent Holdings Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands (&#147;<U>Tencent</U>&#148;), Image Frame
Investment (HK) Limited, a company incorporated under the laws of Hong Kong and a wholly-owned Subsidiary of Tencent (&#147;<U>Tencent Hong Kong</U>&#148; and, together with TME, TME Hong Kong and Tencent, the &#147;<U>Tencent Parties</U>&#148; and
the Tencent Parties, together with the Company, jointly the &#147;<U>Main Parties</U>&#148; and individually a &#147;<U>Main Party</U>&#148;), and, solely with respect to <U>Section&nbsp;1.02</U>, <U>Section&nbsp;2.07</U>, <U>Section&nbsp;3.02</U>,
<U>Section&nbsp;5.02</U>, <U>Section&nbsp;5.03</U>, <U>Section&nbsp;5.04</U>, <U>Section&nbsp;5.05</U>, <U>Section&nbsp;5.06</U>, <U>Section&nbsp;5.07</U>, <U>Section&nbsp;5.10</U>, <U>Section&nbsp;5.11</U>, <U>Section&nbsp;5.12</U>,
<U>Section&nbsp;5.13</U> and <U>Section&nbsp;5.14</U>, D.G.E. Investments Limited, Reg. No. HE 293826, a company incorporated under the laws of Cyprus, with address Arch. Makariou&nbsp;&amp; Kalograion 4, Nicolaides Sea View City, 9th Floor, Offices
903-904, Block A-B, 6016 Larnaca, Cyprus (&#147;<U>DGE Investments</U>&#148;), and, solely with respect to <U>Section&nbsp;1.02</U>, <U>Section&nbsp;2.07</U>,<U> Section&nbsp;3.02</U>, <U>Section&nbsp;5.02</U>, <U>Section&nbsp;5.03</U>,
<U>Section&nbsp;5.04</U>, <U>Section&nbsp;5.05</U>, <U>Section&nbsp;5.06</U>, <U>Section&nbsp;5.07</U>, <U>Section&nbsp;5.10</U>, <U>Section&nbsp;5.11</U>, <U>Section&nbsp;5.12</U>, <U>Section&nbsp;5.13</U> and <U>Section&nbsp;5.14</U>, Rosello
Company Limited, Reg. No. HE 165082, a limited liability company incorporated under the laws of Cyprus, with address 22 Stasikratous Street, Office 104, 1065 Nicosia, Cyprus (&#147;<U>Rosello</U>&#148; and, together with DGE Investments, the
&#147;<U>Founders</U>&#148;), and any other Person that becomes a party to this Agreement pursuant to <U>Article II</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>BACKGROUND
</U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On the date hereof, the Company issued 213,811 common shares, &#128;0.025 par value per share, of the Company (the &#147;<U>Spotify
Shares</U>&#148;) to TME Hong Kong pursuant to that certain Subscription Agreement, dated as of December&nbsp;8, 2017, by and among the Company, Spotify AB, a corporation incorporated under the laws of Sweden, TME and TME Hong Kong (the
&#147;<U>Subscription Agreement</U>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Tencent Hong Kong intends to purchase and acquire from one or more holders of the
Convertible Notes additional Spotify Shares, which will be issued to such holder(s) upon conversion or exchange of a portion of the Convertible Notes (such purchase, the &#147;<U>Tencent Hong Kong Secondary Purchase</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally
bound hereby, the parties hereto hereby agree as follows. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-family:; font-size:6pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>DEFINITIONS </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1.01
<U>Certain Defined Terms</U>. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Subscription Agreement. As used in this Agreement, the following terms shall have the following meanings: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; of any Person shall mean, as of any date, any Person that, directly or indirectly, through one or more
intermediaries, controls, is controlled by or is under common control with such first Person. For purposes of this Agreement, a Person shall be deemed to &#147;control&#148; another Person if such first Person possesses, directly or indirectly, the
power to direct, or cause the direction of, the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise. For the avoidance of doubt, for purposes of this Agreement, (i)&nbsp;none of
the Investors or any of their respective controlled Affiliates shall be deemed to be an Affiliate of the Company, any Founder or any of their respective Affiliates, (ii)&nbsp;none of the Company, the Founders or any of their respective Affiliates
shall be deemed to be an Affiliate of the Investors or any of their respective controlled Affiliates and (iii)&nbsp;any of the Investors&#146; VIEs and their respective Subsidiaries shall be deemed to be controlled Affiliates of such Investors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Anticorruption Laws</U>&#148; shall mean Laws governing bribery and corruption, including the U.S. Foreign Corrupt Practices Act of
1977, as amended (15 U.S.C. &#167;&#167; 78a et seq. (1997 and 2000)), the UK Bribery Act 2010 and the anti-bribery and anticorruption Laws in the PRC (including the Criminal Law and Anti-Unfair Competition Law of the PRC). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>beneficial owner</U>&#148; and words of similar import (including &#147;<U>beneficially own</U>&#148; and &#147;<U>beneficial
ownership</U>&#148;) shall have the meaning assigned to such terms in Rule 13d-3 promulgated under the Exchange Act (or any comparable successor rule thereto). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Board</U>&#148; shall mean the board of directors or similar governing body of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Day</U>&#148; shall mean any day of the year other than (i)&nbsp;any Saturday or Sunday or (ii)&nbsp;any other day on which
banks located in New York City, New York, United States of America, London, United Kingdom, Stockholm, Sweden, Luxembourg, Grand Duchy of Luxembourg, Hong Kong S.A.R., Shenzhen, PRC or the Cayman Islands are closed for business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Competing Business</U>&#148; shall mean any activities that are in direct and material competition with the business activities of
the Company and its Subsidiaries. Direct competition shall include offering audio or video streaming or download services to consumers and businesses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Confidential Information</U>&#148; shall mean all confidential and proprietary information (irrespective of the form of communication
and whatever the form or storage medium and including any copies or reproductions thereof) obtained by or on behalf of the Investors or their respective controlled Affiliates or any Identified Persons from the Company or its Affiliates or their
respective Representatives, through the ownership of any Spotify Securities </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
or the Investors&#146; rights pursuant to this Agreement or otherwise, other than information which: (i) at the time of disclosure was, or thereafter becomes, available to the Investors, their
respective controlled Affiliates or their respective Representatives; <U>provided</U>, that such information was not known by the Investors, their respective controlled Affiliates or their respective Representatives to have been obtained from a
Person in violation of any obligation of confidentiality to the Company; (ii)&nbsp;at the time of disclosure was, or thereafter becomes, generally available to the public other than directly or indirectly as a result of a disclosure by the
Investors, their respective controlled Affiliates or any of their respective Representatives in violation of this Agreement; or (iii)&nbsp;is or was generated independently by the Investors, their respective controlled Affiliates or any of their
respective Representatives without reference to such information and without violating the confidentiality provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Convertible Notes</U>&#148; shall mean the Convertible Senior Notes issued by the Company on April&nbsp;1, 2016 with an aggregate
original principal amount of US$1 billion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Derivative Security</U>&#148; shall mean, with respect to any Person, any right,
option, other security or derivative position that has an exercise, exchange or conversion privilege or a settlement payment or mechanism at a price related to, or a value determined in whole or in part with reference to or derived in whole or in
part from, the value of any securities, bank debt or other obligations of such Person or any of its Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Eligible
Fund</U>&#148; shall mean, with respect to any Person, any investment fund or asset management vehicle (which may, for the avoidance of doubt, be a hedge fund, venture capital fund or private equity fund) that (i)&nbsp;engages in the types of
activities restricted by <U>Section&nbsp;3.01</U> or other investment activities, in each case, in the ordinary course of its business, (ii)&nbsp;does not control, is not controlled by, and is not under common control or joint control with, directly
or indirectly, such Person (and neither such Person nor any of its Affiliates has the power to (A)&nbsp;vote, or direct the voting of, or the power to dispose, or to direct the disposition of, the securities and other assets of such fund or vehicle,
(B)&nbsp;invest, or direct the investment of, the funds of such fund or vehicle or (C)&nbsp;otherwise influence or direct the actions and operations of such fund or vehicle, including with respect to the amount, form and timing of any
distributions), and (iii)&nbsp;is not in the possession of any Confidential Information provided by such Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Exchange
Act</U>&#148; shall mean the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fully Diluted</U>&#148; shall mean, with respect to the share capital of the Company, the sum of (i)&nbsp;all shares of capital stock
of the Company issued and outstanding as of such date, <I>plus</I> (ii)&nbsp;all shares of capital stock of the Company issuable upon exercise of all options, warrants and other rights to purchase or otherwise acquire shares of capital stock of the
Company granted, issued and outstanding as of such date, <I>plus</I> (iii)&nbsp;all shares of capital stock issuable upon conversion, exchange or exercise of any securities of the Company that are convertible into, exchangeable or exercisable for
shares of capital stock of the Company granted, issued and outstanding as of such date, and <I>plus</I> (iv)&nbsp;all restricted shares of the Company granted, issued and outstanding as of such date; <U>provided</U>, <U>however</U>, that
(A)&nbsp;with respect to any convertible debt securities of the Company, the shares of capital stock issuable upon conversion of such securities shall be included in the calculation of the Fully Diluted share capital of the Company if the price
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
per share of capital stock of the Company into which such securities are convertible as of such date (regardless of whether such securities are convertible at that time) is greater than or equal
to the applicable conversion price of such securities, in which case the number of shares of capital stock to be included in the calculation of the Fully Diluted share capital of the Company in respect of such convertible debt securities will be
calculated by dividing the total principal amount (plus any accrued payment-in-kind interest) of such securities by the applicable conversion price and (B)&nbsp;with respect to any options or warrants of the Company, the number of shares of capital
stock of the Company to be included in the calculation of the Fully Diluted share capital in respect of such options or warrants shall be the product of (x)&nbsp;a fraction, the numerator of which is the excess (if any) of the price per share of
capital stock of the Company as of such date over the weighted average exercise price per share of capital stock of the Company as of such date for all such options and warrants (regardless of whether such options and/or warrants are exercisable at
that time), and the denominator of which is the price per share of capital stock of the Company as of such date and (y)&nbsp;the total number of shares of capital stock of the Company issuable upon exercise of all such options and warrants;
<U>provided</U>, <U>further</U>, that neither the Spotify Top-Up Options, nor the Convertible Notes (including any accrued payment-in-kind interest), nor any Beneficiary Certificates shall be included for purposes of calculating the Fully Diluted
share capital of the Company. For purposes of this definition, the price per share of the capital stock of the Company shall be determined (1)&nbsp;if such shares are publicly traded on a national securities exchange in the United States or a
non-U.S. securities exchange, the volume weighted average of the price per share for the ninety (90)&nbsp;trading days ending on (and including) the last trading day prior to the first day of the calendar month in which the Fully Diluted share
capital is determined, as obtained from Bloomberg L.P. (or, if not reported therein, from another authoritative source) and (2)&nbsp;if such shares are not so publicly traded, the price per share determined by an internationally recognized valuation
firm that is independent from the Company, the Investors and their respective controlled Affiliates and that is mutually selected by the Company and TME. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Institutional Fund</U>&#148; shall mean any investment fund or asset management vehicle (which may, for the avoidance of doubt, be a
hedge fund, venture capital fund or private equity fund) that (i)&nbsp;engages in the investment activities in the ordinary course of its business, and (ii)&nbsp;does not control, is not controlled by, and is not under common control or joint
control with, directly or indirectly, any Prohibited Person (and neither any Prohibited Person nor any of its Affiliates has the power to (A)&nbsp;vote, or direct the voting of, or the power to dispose, or to direct the disposition of, the
securities and other assets held by such fund or vehicle, (B)&nbsp;invest, or direct the investment of, the funds of such fund or vehicle or (C)&nbsp;otherwise influence or direct the actions and operations of such fund or vehicle, including with
respect to the amount, form and timing of any distributions). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Investor</U>&#148; shall mean any of (i)&nbsp;Tencent, Tencent
Hong Kong, TME and TME Hong Kong to the extent it beneficially owns any Spotify Securities and (ii)&nbsp;each of their respective Transferees that beneficially own any Spotify Securities and that have executed and delivered to the Company a joinder
agreement to be bound by the provisions of this Agreement pursuant to <U>Section&nbsp;2.03</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>IPO</U>&#148; shall mean the first listing of equity securities of the Company (or a
holding company or any other Spotify Group Company that holds all or substantially all of the assets of the Company and its Subsidiaries on a consolidated basis) on an internationally recognized stock exchange or similar marketplace of recognized
national standing (excluding, for the avoidance of doubt, private secondary markets or similar), including the direct listing without conducting a concurrent offering. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Law</U>&#148; shall mean any law, statute, code, regulation, ordinance or rule, in each case, enacted or promulgated by any
Governmental Body, or any Order or other legally enforceable requirement of a Governmental Body, in each case, as amended, restated, supplemented or modified from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>OFAC Sanctioned Person</U>&#148; shall mean any government, country, corporation or other entity, group or individual with whom or
which the OFAC Sanctions prohibit a U.S. Person from engaging in transactions, and includes any individual or corporation or other entity that appears on the current OFAC list of Specially Designated Nationals and Blocked Persons (the &#147;<U>SDN
List</U>&#148;). For ease of reference, and not by way of limitation, OFAC Sanctioned Persons other than governments and countries can be found on the SDN List on OFAC&#146;s website at www.treas.gov/offices/enforcement/ofac/sdn. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>OFAC Sanctions</U>&#148; shall mean any sanctions program administered by the Office of Foreign Assets Control of the U.S. Department
of the Treasury (&#147;<U>OFAC</U>&#148;) under authority delegated to the Secretary of the Treasury (the &#147;<U>Secretary</U>&#148;) by the President of the United States or provided to the Secretary by statute, and any order or license issued
by, or under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of limitation, OFAC Sanctions programs are described
on OFAC&#146;s website at www.treas.gov/ofac. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted Transferee</U>&#148; of any Person shall mean any Affiliate of such
Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Person</U>&#148; or &#147;<U>person</U>&#148; shall mean any individual, corporation, business trust, proprietorship,
firm, partnership, limited partnership, limited liability partnership, limited liability company, trust, association, joint venture, Governmental Body or other entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Prohibited Person</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule I attached hereto (the &#147;<U>Prohibited Person
List</U>&#148;), which list may be updated pursuant to <U>Section&nbsp;2.02(c)</U>, and (ii)&nbsp;any Affiliate of each of the foregoing Persons. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Representatives</U>&#148; shall mean, with respect to any Person, such Person&#146;s directors, managers, officers, employees and
advisors (including financial advisors, attorneys, accountants and consultants); <U>provided</U>, <U>however</U>, that for the avoidance of doubt (i)&nbsp;a shareholder, member, partner or other equity holder of such Person or (ii)&nbsp;a music
record label or other rights holder, in each case, shall not be deemed, and shall not constitute, a &#147;Representative&#148; for purposes of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Rights Holder</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule II attached hereto and (ii)&nbsp;any Affiliate of each of
the foregoing Persons. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Securities Act</U>&#148; shall mean the U.S. Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Investor Agreement</U>&#148; shall mean that certain investor agreement,
dated as of the date hereof, by and among the Company, Spotify AB, TME and Tencent, with respect to Spotify AB&#146;s investment in the TME. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Securities</U>&#148; shall mean shares of capital stock of the Company, warrants, options, convertible securities,
exchangeable securities or similar rights or instruments of the Company exercisable, exchangeable or convertible into, or requiring the issuance, allotment or delivery of shares of capital stock of the Company, including the Spotify Shares. For
purposes of this Agreement, each option to purchase Spotify Securities shall be considered a Spotify Security only together with the Spotify Securities underlying such option, and such option and the underlying Spotify Securities shall be considered
one single Spotify Security. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Strategic Investor</U>&#148; shall mean (i)&nbsp;each Person listed in Schedule III attached hereto
and (ii)&nbsp;any Affiliate of each of the foregoing Persons; <U>provided</U>, that a &#147;<U>Strategic Investor</U>&#148; shall not include any Eligible Fund in which such Person makes or holds a <I>bona fide</I> investment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Subsidiary</U>&#148; shall mean, with respect to any Person, any other Person, whether incorporated or unincorporated, (i)&nbsp;of
which more than fifty percent (50%)&nbsp;of either the equity interests in, or the voting control of, such other Person is, directly or indirectly through Subsidiaries or otherwise, beneficially owned by such first Person, (ii)&nbsp;of which such
first Person is the general partner or managing member, (iii)&nbsp;which is a VIE of such first Person or (iv)&nbsp;which is a Subsidiary of any VIE of such first Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Total Voting Power</U>&#148; shall mean the total number of votes entitled to be cast generally in the election of the members of the
Board represented by the Spotify Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transfer</U>&#148; shall mean (with its cognates having corresponding meanings),
with respect to any securities, (i)&nbsp;any sale, exchange, transfer, redemption, grant, pledge, hypothecation or other disposition, whether voluntary or involuntary, and whether or not for value, of any of such securities, or any securities,
options, warrants or rights convertible into or exercisable or exchangeable for, or for the purchase or other acquisition of, or otherwise with respect to, any of such securities or any contract or other binding arrangement or understanding (in each
case, whether written or oral) to take any of the foregoing actions or (ii)&nbsp;entering into any swap or other agreement, arrangement or understanding, whether or not in writing, that, directly or indirectly, transfers, conveys or otherwise
disposes of, in whole or in part, any of the economic or other risks or consequences of ownership of any of such securities, including short sales of applicable securities, option transactions with respect to securities, use of equity or other
derivative financial instruments relating to such securities and other hedging arrangements with respect to such securities, whether any such transaction described in clause (i)&nbsp;or (ii)&nbsp;above is to be settled by delivery of such
securities, other securities, cash or otherwise; <U>provided</U>, <U>however</U>, that any such sale, exchange, transfer, redemption, grant, pledge, hypothecation or other disposition referred to in clause (i)&nbsp;of, or any of the agreements,
arrangements or understandings referred to in clause (ii)&nbsp;in respect of, the securities of any Person that beneficially owns any Spotify Securities (including any shares or other securities of Tencent or TME) shall not constitute a
&#147;Transfer&#148; of Spotify Securities for purposes of this Agreement (and shall not be subject to any of the restrictions set forth in <U>Article II</U>), except that (A)&nbsp;the transfer of any shares </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
or other securities of TME Hong Kong shall constitute a &#147;Transfer&#148; of Spotify Securities for purposes of this Agreement (and such transfer shall be subject to the restrictions set forth
in <U>Article II</U>) if, at the time of such transfer, TME Hong Kong and its Subsidiaries do not own or otherwise hold all or substantially all of the assets of TME and (B)&nbsp;the transfer of any shares or other securities of Tencent Hong Kong
shall constitute a &#147;Transfer&#148; of Spotify Securities for purposes of this Agreement (and such transfer shall be subject to the restrictions set forth in <U>Article II</U>) if, at the time of such transfer, Tencent Hong Kong and its
Subsidiaries do not own or otherwise hold all or substantially all of the assets of Tencent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transferee</U>&#148; shall mean a
Person that receives a Transfer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>VIE</U>&#148; <U>shall</U> mean, with respect to any Person, any other Person (i)&nbsp;over
which such first Person can effect direct or indirect control through direct or indirect contractual arrangements and (ii)&nbsp;whose financial results are consolidated with the net revenues of such first Person and are recorded on the books of such
first Person for financial reporting purposes in accordance with the accounting standards applicable to such first Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 1.02
<U>Other Definitional Provisions; Interpretation</U>. The table of contents and headings preceding the text of articles and sections included in this Agreement and the headings to schedules and exhibits attached to this Agreement are for convenience
only and shall not be deemed part of this Agreement or be given any effect in interpreting this Agreement. All exhibits and schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth
in full herein. The use of the masculine, feminine or neuter gender or the singular or plural form of words herein shall not limit any provision of this Agreement. The terms as set forth in this Agreement have been arrived at after mutual
negotiation with the advice of counsel and, therefore, it is the intention of the parties hereto that its terms may not be construed against any of the parties hereto by reason of the fact that it was prepared by one of the parties hereto. Reference
to any Person includes such Person&#146;s successors (including by operation of law) and assigns to the extent such successors and assigns are permitted by the terms of any applicable agreement, and reference to a Person in a particular capacity
excludes such Person in any other capacity or individually. Reference to any agreement (including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in
accordance with the terms thereof and, if applicable, the terms hereof. All references to &#147;Section,&#148; &#147;Sections,&#148; &#147;Article,&#148; &#147;Articles,&#148; &#147;Exhibit&#148; or &#147;Exhibits&#148; refer to the corresponding
Section, Sections, Article, Articles, Exhibit or Exhibits of this Agreement. The word &#147;including&#148; shall mean &#147;including without limitation.&#148; The words &#147;hereof,&#148; &#147;herein&#148; and &#147;hereunder&#148; and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. &#147;Extent&#148; in the phrase to &#147;to the extent&#148; shall mean the degree to which a subject or
other item extends and shall not simply mean &#147;if&#148;. The word &#147;or&#148; is used in the inclusive sense of &#147;and/or&#148;. All references to any Law means such Law as amended from time to time and shall include any successor
legislation thereto and any rules and regulations promulgated therein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE II </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>TRANSFER OF SPOTIFY SECURITIES </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.01 <U>General Transfer Restrictions</U>. The right of the Investors and any of their respective controlled Affiliates to Transfer
any Spotify Securities they beneficially own is subject to the restrictions set forth in this <U>Article II</U>, and no Transfer of such Spotify Securities by the Investors or any of their respective controlled Affiliates may be effected except in
compliance with this <U>Article II</U>. Any attempted Transfer in violation of this Agreement shall be null and void <I>ab initio</I> and of no effect, regardless of whether the purported Transferee has any actual or constructive knowledge of the
Transfer restrictions set forth in this Agreement. Any purported Transfer in violation of this Agreement shall not be recorded (and the Company will instruct its transfer agent, registered office and other third parties not to record such purported
Transfer) in the shareholders&#146; register of the Company or result in the treatment of any purported Transferee of such Spotify Securities as the owner of such Spotify Securities for any purpose. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.02 <U>Restrictions on Transfer</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Restrictions During Lock-Up Period</U>. During the period beginning on the date hereof and ending on the earlier of
(i)&nbsp;the third (3rd)&nbsp;anniversary of the date hereof and (ii)&nbsp;the first date after the date hereof on which the number of Spotify Securities collectively beneficially owned by a Strategic Investor and its Affiliates exceeds the number
of Spotify Securities then collectively beneficially owned by the Investors and their respective controlled Affiliates (such period, the &#147;<U>Lock-Up Period</U>&#148;), the Investors shall not, and the Investors shall cause their respective
controlled Affiliates not to, Transfer any Spotify Securities beneficially owned by them, except: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) with the prior
written consent of the Company (acting through its Board or a designated committee thereof); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) to a Permitted
Transferee, subject to compliance with <U>Section&nbsp;2.03</U>; <U>provided</U>, that, (A)&nbsp;if such Person ceases to be a Permitted Transferee during the Lock-Up Period, then the applicable Investor shall cause, and shall cause its controlled
Affiliates to cause, such Person to, and such Person shall, Transfer such Spotify Securities back to such Investor or its controlled Affiliates or (B)&nbsp;if such Person ceases to be a Permitted Transferee after the expiration of the Lock-Up Period
and a Transfer of Spotify Securities to such Person at that time would be prohibited by <U>Section&nbsp;2.02(b)</U>, then the applicable Investor shall cause, and shall cause its controlled Affiliates to cause, such Person to, and such Person shall,
Transfer such Spotify Securities back to such Investor or its controlled Affiliates; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) pursuant to (A)&nbsp;a tender
offer or exchange offer for at least a majority of the issued and outstanding Spotify Securities if the Board has affirmatively recommended to the holders of the issued and outstanding Spotify Securities that such holders tender their Spotify
Securities into such tender or exchange offer and if the Board has not publicly withdrawn or changed such recommendation or (B)&nbsp;a merger, consolidation or other business combination transaction which has been approved by the Board (each, a
&#147;<U>Qualified Transfer</U>&#148;); </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) to the Company or any of its Subsidiaries; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) to the extent necessary to avoid regulation as an &#147;investment company&#148; under the U.S. Investment Company Act of
1940, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of this <U>Section&nbsp;2.02(a)</U>, the number of Spotify Securities beneficially owned by the Investors and their
respective controlled Affiliates shall be determined without regard to the provisions set forth in <U>Section&nbsp;3.02</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding anything in this <U>Article II</U> to the contrary and irrespective of the expiration of the Lock-Up
Period, for so long as the Investors or any of their respective controlled Affiliates beneficially own any Spotify Securities, the Investors shall not, and the Investors shall cause their respective controlled Affiliates not to, Transfer any Spotify
Securities beneficially owned by them to (i)&nbsp;any Prohibited Person, (ii)&nbsp;any Rights Holder or (iii)&nbsp;any Transferee if, after giving effect to the proposed Transfer, the proposed Transferee would beneficially own Spotify Securities
representing, in the aggregate, five percent (5%)&nbsp;or more of the Total Voting Power or five percent (5%)&nbsp;or more of the total issued and outstanding share capital of the Company; <U>provided</U>, that nothing in this
<U>Section&nbsp;2.02(b)</U> (but without limiting any of the other provisions of this <U>Article II</U>) shall prohibit any Transfer of Spotify Securities (w)&nbsp;to a Permitted Transferee, subject to compliance with <U>Section&nbsp;2.03</U>;
<U>provided</U>, that if such Person ceases to be a Permitted Transferee and a Transfer of Spotify Securities to such Person at that time would be prohibited by this <U>Section&nbsp;2.02(b)</U>, then the applicable Investor shall cause, and shall
cause its controlled Affiliates to cause, such Person to, and such Person shall, Transfer such Spotify Securities back to such Investor or its controlled Affiliates, (x)&nbsp;if such Transfer (and the Transferee in such Transfer) is consented to in
writing by the Board or a designated committee thereof; (y)&nbsp;pursuant to a Qualified Transfer; or (z)&nbsp;through open market brokerage transactions where the identity of the purchaser is unknown (and, for the avoidance of doubt, the Investors
shall have no duty of inquiry in connection with such brokerage transactions) (such transaction, a &#147;<U>Brokerage Transaction</U>&#148;); <U>provided</U>, <U>further</U>, that nothing in <U>Section&nbsp;2.02(b)(iii)</U> (but without limiting any
of the other provisions of this Article II) shall prohibit any Transfer of Spotify Securities to Daniel Ek, Martin Lorentzon or their respective controlled Affiliates (such transaction, a &#147;<U>Founder Transfer</U>&#148;). The Company shall
provide in writing to TME Hong Kong upon TME Hong Kong&#146;s written request and, after the completion of the Tencent Hong Kong Secondary Purchase, to Tencent Hong Kong upon Tencent Hong Kong&#146;s written request (which written request may be
made by TME Hong Kong or Tencent Hong Kong, as applicable, no more frequently than once each fiscal quarter), the aggregate number of Spotify Securities representing the Total Voting Power and the aggregate number of issued and outstanding shares of
capital stock of the Company as of a recent date (without disclosing the identity of any holder thereof), and the Investors shall be entitled to rely upon the most recently received such notice from the Company for all purposes of calculating the
Total Voting Power and total issued and outstanding share capital of the Company under this Agreement. For the purposes of ensuring that a proposed Transfer is not in violation of the restrictions in <U>Section&nbsp;2.02(b)(iii)</U>, the Investors
shall be entitled to rely upon (1)&nbsp;reports of beneficial ownership of such </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
Transferee that are publicly filed or available or (2)&nbsp;if such reports are not publicly filed or available, after due inquiry, the representation made by the relevant Transferee with respect
to the total number of votes and total number of outstanding shares of the Company owned by such Transferee before such proposed Transfer. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Company may amend the Prohibited Person List following the date hereof to add or remove any Person to or from the
Prohibited Person List, each such amendment to be effective upon delivery of written notice thereof to the Investors; <U>provided</U> that (i)&nbsp;any Person so added to the Prohibited Person List must be a Person that, directly or indirectly,
conducts a Competing Business as determined in good faith by the Company, and (ii)&nbsp;the Company may not amend the Prohibited Person List more than once during any twelve (12)&nbsp;month period; provided, further, that any Institutional Fund
which makes an investment in any Person that, directly or indirectly, conducts a Competing Business shall not be a Prohibited Person and shall not be included in the Prohibited Person List. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding anything in this Agreement to the contrary, no Transfer of Spotify Securities otherwise permitted by this
Agreement shall be made unless such Transfer is in compliance with the Securities Act or any other applicable securities Laws of any foreign, federal, state, local or other jurisdiction (a &#147;<U>Foreign or State Act</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.03 <U>Joinder to Investor Agreement</U>. Each Investor shall (and shall cause its controlled Affiliates who beneficially own any
Spotify Securities to), prior to the Transfer of any Spotify Securities to any Permitted Transferee (other than in a Transfer that is a Qualified Transfer, a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such
Permitted Transferee to execute and deliver to the Company a joinder agreement in form and substance reasonably acceptable to the Company, pursuant to which such Permitted Transferee agrees to be bound by the provisions of this Agreement. Without
limiting the provisions in the immediately preceding sentence, (i)&nbsp;until the completion of the IPO of the Company, each Investor shall, prior to the Transfer of any Spotify Securities to any Transferee in accordance with the other provisions of
this <U>Article II</U> (other than in a Transfer that is a Transfer of any Spotify Securities to the Company, a Qualified Transfer, a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such Transferee to execute and
deliver to the Company a joinder agreement in form and substance reasonably acceptable to the Company, pursuant to which such Transferee agrees to be bound by this <U>Article II</U>, <U>Section&nbsp;3.02</U>, <U>Section&nbsp;4.01</U> and <U>Article
V</U>, and (ii)&nbsp;after the completion of the IPO of the Company, each Investor shall, prior to the Transfer of any Spotify Securities to any Transferee in accordance with the other provisions of this <U>Article II</U> (other than in a Transfer
that is a Transfer of any Spotify Securities to the Company, a Qualified Transfer, a Brokerage Transaction or a Founder Transfer) and as a condition thereto, cause such Transferee to execute and deliver to the Company a joinder agreement in form and
substance reasonably acceptable to the Company, pursuant to which such Transferee agrees to be bound by this <U>Article II</U> (other than <U>Section&nbsp;2.02(a)</U> and <U>Section&nbsp;2.07)</U> and <U>Article V</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.04 <U>Notice of Transfer</U>. Prior to Transferring any Spotify Securities in accordance with the provisions set forth in this
<U>Article II</U> (other than in a Transfer that is a Transfer of any Spotify Securities to the Company, a Qualified Transfer, a Founder Transfer or, after the IPO of the Company, a Brokerage Transaction), an Investor or its controlled Affiliate, as
applicable, shall, no later than five (5)&nbsp;Business Days prior to the consummation of such Transfer, deliver a written notice thereof to the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.05 <U>Legends</U>. With respect to the Investors or any of their respective
controlled Affiliates who beneficially own any Spotify Securities, each certificate for Spotify Securities, if any, shall bear a legend or legends (and appropriate comparable notations or other arrangements will be made with respect to any
uncertificated shares in the shareholders&#146; register or other books and records of the Company) referencing restrictions on Transfer of such Spotify Securities under the Securities Act, any applicable Foreign or State Act and this Agreement,
which legend shall state in substance: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;THE SECURITIES EVIDENCED BY THIS CERTIFICATE MAY NOT BE OFFERED OR SOLD, TRANSFERRED,
PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF, EXCEPT IN COMPLIANCE WITH (I)&nbsp;THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND (II) ANY OTHER APPLICABLE SECURITIES LAWS OF ANY FOREIGN, FEDERAL, STATE, LOCAL OR OTHER JURISDICTION. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER SET FORTH IN THE INVESTOR AGREEMENT DATED AS OF
DECEMBER 15, 2017, BY AND AMONG THE COMPANY AND THE OTHER PARTIES THERETO (A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY).&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, the holder of any certificate(s) for Spotify Securities shall be entitled to receive from the Company new certificates for a
like number of Spotify Securities not bearing such legend (or the elimination or termination of such notations or arrangements) upon the request of such holder (i)&nbsp;at such time as such restrictions are no longer applicable and (ii)&nbsp;with
respect to the restriction on Transfer of such Spotify Securities under the Securities Act or any other applicable Foreign or State Act, at the reasonable request of the Company, upon the delivery to the Company of an opinion of counsel to such
holder, which opinion is reasonably satisfactory in form and substance to the Company and its counsel, that the restriction referenced in such legend (or such notations or arrangements) is no longer required in order to ensure compliance with the
Securities Act or any such other applicable Foreign or State Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.06 <U>Lock-Up Agreements</U>. In connection with any
underwritten public offering by the Company of any Spotify Securities pursuant to an effective registration statement pursuant to the Securities Act or a prospectus or equivalent disclosure document pursuant to any Foreign and State Act (including
in connection with an IPO of the Company), the Investors shall, and the Investors shall cause their respective controlled Affiliates that beneficially own any Spotify Securities to, enter into customary agreements restricting the public sale or
distribution of equity securities of the Company (including sales pursuant to Rule 144 under the Securities Act) if and to the extent required in writing by the lead managing underwriter(s) with respect to such underwritten public offering;
<U>provided</U>, <U>however</U>, that the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investors and their respective controlled Affiliates shall not be required to enter into any such agreement
covering a period that would end later than one hundred and eighty (180)&nbsp;days after the date of the final prospectus relating to an IPO of the Company or ninety (90)&nbsp;days after the date of the final prospectus relating to any such
underwritten public offering other than an IPO of the Company; <U>provided</U>, <U>further</U>, that notwithstanding the foregoing any restrictions in such agreement shall not apply to Transfers to Permitted Transferees (subject to compliance with
<U>Section&nbsp;2.03</U>). The foregoing provisions of this <U>Section&nbsp;2.06</U> shall be applicable to the Investors only if (i)&nbsp;in the case of an IPO of the Company, all officers and directors of the Company and all shareholders owning,
in the aggregate, more than fifty percent (50%)&nbsp;of the Total Voting Power or fifty percent (50%)&nbsp;of the total issued and outstanding share capital of the Company are subject to the same restrictions, or (ii)&nbsp;in the case of any
underwriting public offering of the Company other than an IPO, all officers and directors of the Company are subject to the same restrictions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.07 <U>Drag-Along Right</U>. Notwithstanding anything contained in this Article II to the contrary, at any time prior to an IPO of
the Company, if (i)&nbsp;a <I>bona fide</I> firm offer has been made by an unaffiliated third party to acquire at least sixty-six percent (66%)&nbsp;of the Spotify Securities, on a fully diluted basis (which, for purposes of this
<U>Section&nbsp;2.07</U>, means the number of Spotify Shares issued and outstanding, together with the number of Spotify Shares issuable upon the exercise, conversion or exchange into Spotify Shares of all issued and outstanding Spotify Securities
(excluding the Spotify Top-Up Options, the Convertible Notes and any Beneficiary Certificates) (such acquisition, a &#147;<U>Drag Transaction</U> &#147;) and (ii)&nbsp;the holders of Spotify Securities (the &#147;<U>Transferring Holders</U>&#148;)
that (A)&nbsp;together beneficially own at least sixty-six percent (66%)&nbsp;of the outstanding Spotify Shares and (B)&nbsp;include at least one (1)&nbsp;of the Founders (the &#147;<U>Transferring Founder(s)</U>&#148;) accept such offer, the
Transferring Founder(s) shall have the right, on behalf of the Transferring Holders, to require the Investors and their respective controlled Affiliates who beneficially own any Spotify Securities (the &#147;<U>Drag-Along Parties</U>&#148;) to
Transfer all or a portion of their respective Spotify Securities to the third party Transferee in such Drag Transaction, all in accordance with the following provisions: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Transferring Founder(s) shall, on behalf of the Transferring Holders, notify the Investors in writing of the proposed
Drag Transaction no later than forty-five (45)&nbsp;days prior to the completion of the proposed Drag Transaction (the &#147;<U>Drag-Along Notice</U>&#148;). The Drag-Along Notice shall specify whether the Transferring Holders wish to exercise their
drag-along rights pursuant to this <U>Section&nbsp;2.07</U> and set forth the identity of the proposed third party Transferee, the number of Spotify Securities to be Transferred, the price per Spotify Security and the other terms and conditions for
the Drag Transaction. The Drag-Along Notice shall be sent by the Transferring Founder(s) on behalf of the Transferring Holders and shall also identify one Transferring Holder to whom the Investors shall send notices or other communications. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If required by the Transferring Founder(s) on behalf of the Transferring Holders in the Drag-Along Notice, the Drag-Along
Parties shall be obligated to Transfer Spotify Securities to the third party Transferee in such Drag Transaction on the same terms and conditions (including at the same price (subject to adjustments to take into account the value of the Spotify
Top-Up Options)) as the Transferring Holders. The Transferred Spotify Securities (being the Spotify Securities that the third party has offered to acquire) shall be allocated </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
among the Transferring Holders and such Drag-Along Parties on a <I>pro rata</I> basis, calculated as the total number of Spotify Securities beneficially owned by the Drag-Along Parties in
relation to the total number of Spotify Securities beneficially owned by all Transferring Holders and the Drag-Along Parties, all on a fully diluted basis. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If a Drag Transaction occurs pursuant to which the Drag-Along Parties are obligated to Transfer Spotify Securities as
provided for in this <U>Section&nbsp;2.07</U> in exchange for securities other than cash and/or marketable securities (&#147;<U>non-marketable securities</U>&#148;), the Transferring Founder(s) and the Investors shall cooperate in good faith to
procure that the issuer of such non-marketable securities replicates the economic rights and other rights and priorities of the Drag-Along Parties immediately prior to such Transfer in its own capital structure. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) For the purposes of this <U>Section&nbsp;2.07</U>, (i)&nbsp;DGE Investments shall not be deemed a Founder should a majority
of the outstanding shares of DGE Investments no longer be ultimately held by Daniel Ek and (ii)&nbsp;Rosello shall not be deemed a Founder should a majority of the outstanding shares of Rosello no longer be ultimately held by Martin Lorentzon. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 2.08 <U>Delay of Transfer</U>. The Company shall not incur any liability to the Investors, any of their respective controlled
Affiliates or any other Person for any delay in recognizing any Transfer of Spotify Securities if the Company in good faith reasonably determines that such Transfer may have been or would be in violation in any material respect of the provisions of
the Securities Act, any applicable Foreign or State Act or this Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE III </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>STANDSTILL; VOTING </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.01 <U>Standstill Covenant</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except in connection with the consummation of the transactions contemplated by the Subscription Agreement, during the
period beginning on the date hereof and ending on the earlier of (i)&nbsp;the fifth (5th)&nbsp;anniversary of the date hereof and (ii)&nbsp;the first date after the date hereof on which the number of Spotify Securities collectively beneficially
owned by a Strategic Investor and its Affiliates exceeds the number of Spotify Securities then collectively beneficially owned by the Investors and their respective controlled Affiliates (such period, the &#147;<U>Standstill Period</U>&#148;), none
of the Tencent Parties shall, and each of the Tencent Parties shall cause its controlled Affiliates and its controlled Affiliates&#146; Representatives (and with respect to such Representatives that are not directors, officers, managers or employees
of such Tencent Party or any of its controlled Affiliates, only to the extent such Representatives are acting on behalf, or at the behest, of such Tencent Party or any of its controlled Affiliates) not to, directly or indirectly or alone or in
concert with any other Person, unless invited to do so by the Board or with the prior written consent of the Company: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) acquire, offer or propose to acquire, or agree to acquire, by purchase or
otherwise (other than as a result of a stock dividend, capitalization of profits, stock split or subdivision of any Spotify Securities beneficially owned by the Tencent Parties and their respective controlled Affiliates) (A)&nbsp;any economic
interest in, or any direct or indirect right to direct the voting or disposition of, any Spotify Securities or other securities (including any Derivative Securities) of the Company, whether or not any of the foregoing would give rise to beneficial
ownership and, in each case, whether or not any of the foregoing is acquired or otherwise obtained by means of borrowing of securities or operation of any Derivative Security or (B)&nbsp;except in the ordinary course of business, any consolidated
assets or indebtedness of the Company; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) enter into, agree, offer, or propose to enter into (whether publicly or
otherwise), effect, engage in, or participate in, any acquisition transaction, merger or other business combination, recapitalization, restructuring, liquidation, dissolution, share exchange, sale, disposition, purchase, acquisition or other
extraordinary transaction relating to the Company or a transaction for all or a substantial portion of the consolidated assets of the Company or any of its businesses; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) make, or in any way participate in, any &#147;solicitation&#148; of &#147;proxies&#148; (as such terms are defined in
Rule 14a-1 under the Exchange Act, disregarding clause (iv)&nbsp;of Rule 14a-1(1)(2) under the Exchange Act and including any otherwise exempt solicitation pursuant to Rule 14a-2(b) under the Exchange Act) to vote, or seek or propose to advise,
influence or encourage any Person with respect to the voting of, any Spotify Securities on any matter, or demand a copy of the Company&#146;s shareholders&#146; register or other books and records; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) initiate, induce or attempt to induce, cooperate or collaborate with, any other Person in connection with any shareholder
proposal or withhold vote campaigns or any tender or exchange offer for equity securities of the Company, any change of control of the Company or the convening of a meeting of the Company&#146;s shareholders; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) except as contemplated under <U>Section&nbsp;3.02</U>, form, join or in any way participate in a &#147;group&#148; (within
the meaning of Section&nbsp;13(d)(3) of the Exchange Act) with respect to any Spotify Securities or in connection with (or otherwise act in concert with any Person in connection with) the matters that are the subject of this <U>Section&nbsp;3.01</U>
with any Person (other than the other Tencent Parties and their respective controlled Affiliates); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) seek or propose to
influence, advise, change or control the management, Board, governing instruments or policies, affairs or strategies of the Company; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vii) bring any action or otherwise act to contest the validity of this <U>Section&nbsp;3.01</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(viii) advise, knowingly assist, knowingly encourage or knowingly act as a financing source for or otherwise invest in any
Person in connection with, or enter into any discussions, negotiations, arrangements or understandings with any Person with respect to, any of the foregoing clauses (i)&nbsp;through (vii)&nbsp;of this <U>Section&nbsp;3.01(a)</U> or propose any of
such activities to any Person; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ix) publicly request or otherwise publicly seek to amend or waive any
provision of this <U>Section&nbsp;3.01</U>, <U>provided</U>, that the Tencent Parties and their respective controlled Affiliates may make such request or proposal privately to the Board (which request or proposal the Board can accept or reject in
its sole discretion) that is made in a manner that is not intended to and would not reasonably be likely to result in the Company being required to make any public disclosure or other public announcement related to such request or proposal; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(x) make any statement or publicly disclose any intention, plan, arrangement or other contract that is prohibited by, or
inconsistent with, any of the foregoing; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>provided</U>, <U>however</U>, that (A)&nbsp;any Transfer of Spotify Securities shall not constitute a breach
of this <U>Section&nbsp;3.01(a)</U> so long as the Tencent Parties and their respective controlled Affiliates comply with <U>Article II</U> (if applicable); and (B)&nbsp;if the Spotify Securities beneficially owned by the Tencent Parties and their
respective controlled Affiliates collectively represent less than ten percent (10%)&nbsp;of the then Fully Diluted share capital of the Company, an acquisition by any Tencent Party or its controlled Affiliates during the Standstill Period of up to
that number of additional Spotify Securities that, together with the Spotify Securities beneficially owned collectively by the Tencent Parties and their respective controlled Affiliates immediately prior to such acquisition, would not collectively
represent more than ten percent (10%)&nbsp;of the then Fully Diluted share capital of the Company (the &#147;<U>Standstill Cap</U>&#148;) shall not constitute a breach of this <U>Section&nbsp;3.01(a)</U>. The Company shall provide in writing to TME
Hong Kong upon TME Hong Kong&#146;s written request and, after the completion of the Tencent Hong Kong Secondary Purchase, to Tencent Hong Kong upon Tencent Hong Kong&#146;s written request (which written request may be made by TME Hong Kong or
Tencent Hong Kong, as applicable, no more frequently than once each fiscal quarter), the total number of Spotify Securities representing the Fully Diluted share capital as of a recent date (without disclosing the identity of any holders of Spotify
Securities), and the Tencent Parties shall be entitled to rely upon the most recently received such notice from the Company for all purposes of the preceding proviso. For the avoidance of doubt, if the Spotify Securities beneficially owned by the
Tencent Parties and their respective controlled Affiliates exceed the Standstill Cap due to the decrease in the total number of Spotify Securities as a result of any share repurchase, share buyback or share redemption by the Company, the Tencent
Parties and their respective controlled Affiliates are not required to reduce their beneficial ownership of Spotify Securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For purposes of this
<U>Section&nbsp;3.01(a)</U>, the number of Spotify Securities beneficially owned by the Tencent Parties and their respective controlled Affiliates shall be determined without regard to the provisions set forth in <U>Section&nbsp;3.02</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Nothing contained in this <U>Section&nbsp;3.01</U> shall restrict the right of the Tencent Parties, their respective
controlled Affiliates or any other Person (i)&nbsp;to make or continue to hold <I>bona fide</I> investments in any Eligible Fund that holds or acquires any Spotify Securities or other securities (including any Derivative Securities) of the Company
or otherwise engages in any of the activities otherwise restricted by this <U>Section&nbsp;3.01</U>, so long as the investment in such Eligible Fund is made and held by such Person for investment purposes only and is not made or held for the purpose
of engaging in or facilitating, or for the purpose of assisting or encouraging the Person(s) controlling such Eligible Fund to engage in or facilitate, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
any of the activities restricted by this <U>Section&nbsp;3.01</U> in any manner with respect to the Company or (ii)&nbsp;to acquire any Spotify Securities or other securities (including any
Derivative Securities) of the Company pursuant to a <I>bona fide</I> distribution-in-kind by any Eligible Fund to all of its investors (including the Tencent Parties, their respective controlled Affiliates or such other Person) on a <I>pro rata</I>
basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 3.02 <U>Voting Agreement</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except as expressly provided for herein, the Investors hereby agree on behalf of themselves and on behalf of their
respective controlled Affiliates that beneficially own any Spotify Securities that DGE Investments shall have the sole and exclusive right to vote, in its sole and absolute discretion, any Spotify Securities beneficially owned by the Investors and
any of their respective controlled Affiliates on all proposals, resolutions and other matters for which a vote, consent or other approval (including by written consent) of the holders of Spotify Securities is sought or upon which such holders are
otherwise entitled to vote or consent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Investors hereby agree on behalf of themselves and on behalf of their
respective controlled Affiliates that beneficially own any Spotify Securities that, unless DGE Investments provides explicit written instructions to vote the Spotify Securities beneficially owned by the Investors or any of their respective
controlled Affiliates or DGE Investments provides explicit written notice that the Investors and their respective controlled Affiliates shall be permitted to vote their Spotify Securities in their respective sole discretion without regard to any
instructions of DGE Investments, the Investors shall not, and the Investors shall cause their respective controlled Affiliates not to, vote, or cause to be voted, or vote, consent or approve in any other circumstances, in which such vote, consent or
other approval (including a written consent) is sought from the holders of Spotify Securities, any of the Spotify Securities beneficially owned by them (in person, by proxy or action by written consent). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Investors, on behalf of themselves and on behalf of their respective controlled Affiliates that beneficially own any
Spotify Securities, hereby irrevocably appoint DGE Investments their true and lawful proxy and attorney with the power to act alone and with full power of substitution and re-substitution, to vote or act by written consent with respect to all
Spotify Securities beneficially owned by them in accordance with this <U>Section&nbsp;3.02</U> and to execute all appropriate instruments consistent with this Agreement on behalf of the Investors and their respective controlled Affiliates. The proxy
and power granted by the Investors and their respective controlled Affiliates are irrevocable and coupled with an interest and are given to secure the performance of their obligations under this <U>Section&nbsp;3.02</U>. DGE Investments shall not be
liable for any error of judgment nor for any act done or omitted, nor for any mistake of fact or law nor for anything which DGE Investments may do or refrain from doing in good faith, nor shall DGE Investments have any accountability hereunder,
except for its own bad faith, gross negligence or willful misconduct. If and to the extent reasonably requested by DGE Investments, the Investors shall issue a separate power of attorney in the name of DGE Investments or any director, officer or
internal or external legal counsel of DGE Investments, or any other representative acting on behalf of and in accordance with the instructions of DGE Investments, in each case duly appointed and authorized to exercise the rights assigned to DGE
Investments under this <U>Section&nbsp;3.02</U>, to govern the exercise of rights assigned to DGE Investments under this <U>Section&nbsp;3.02</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The provisions of this <U>Section&nbsp;3.02</U> shall terminate upon the
earliest to occur of: (i)&nbsp;the mutual written agreement of the Company, TME and DGE Investments, (ii)&nbsp;the time at which (A)&nbsp;Daniel Ek ceases to be chief executive officer of the Company and (B)&nbsp;a majority of the outstanding shares
of DGE Investments are no longer ultimately held by Daniel Ek and (iii)&nbsp;the tenth (10th)&nbsp;anniversary of the date of this Agreement. In case of termination of DGE Investments&#146; rights in accordance with item (ii)&nbsp;above, the rights
under this <U>Section&nbsp;3.02</U> shall instead transfer to Rosello and apply <I>mutatis mutandis;</I> <U>provided</U>, that, in such case, (x)&nbsp;all references to &#147;DGE Investments&#148; shall be replaced with references to
&#147;Rosello&#148;, (y)&nbsp;clause (ii)&nbsp;in the first sentence of this <U>Section&nbsp;3.02(d)</U> shall be replaced by &#147;the time at which (A)&nbsp;Martin Lorentzon ceases to be a director of the Board and (B)&nbsp;a majority of the
outstanding shares of Rosello are no longer ultimately held by Martin Lorentzon&#148;, and (z)&nbsp;the period set forth in clause (iii)&nbsp;above shall not be extended as a result of such transfer of rights from DGE Investments to Rosello. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE IV </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>CERTAIN GOVERNANCE
MATTERS </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.01 <U>Information Rights</U>. Prior to the completion of the IPO of the Company, upon written request of the
Investors, the Company shall, subject to <U>Section&nbsp;5.01</U>, deliver to the Investors the information set forth below: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) annual audited consolidated financial statements of the Spotify Company Group within one hundred and forty-five
(145)&nbsp;days after the end of each fiscal year, audited by an internationally reputable accounting firm approved by the Board; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) quarterly unaudited consolidated financial statements of the Spotify Company Group within thirty (30)&nbsp;days after the
end of each quarter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.02 <U>Potential Business Opportunities</U>. To the fullest extent permitted by applicable Law,
(i)&nbsp;the Tencent Parties, their respective controlled Affiliates and their respective managers, directors, officers, employees and/or other representatives (each of the foregoing Persons (other than the Tencent Parties and their respective
controlled Affiliates), an &#147;<U>Identified Person</U>&#148;) shall have the right to, and shall have no duty (contractual or otherwise) to, directly or indirectly, engage in the same or similar business activities or lines of business as the
Company or any of its Subsidiaries, on their own account, or in partnership with, or as a manager, director, officer, employee or shareholder of any other Person, including those lines of business deemed to be competing with the Company or any of
its Subsidiaries, (ii)&nbsp;the Company, on behalf of itself, its Subsidiaries and its and their respective shareholders, hereby renounces any interest or expectancy of the Company and its Subsidiaries in, or in being offered an opportunity to
participate in, any business opportunity that may from time to time be presented to the Tencent Parties, their respective controlled Affiliates or any Identified Person, even if the opportunity is one that the Company or its Subsidiaries might
reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so (a &#147;<U>Potential</U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
<U>Business Opportunity</U>&#148;), and none of the Company or its shareholders or any of its Subsidiaries or their shareholders shall have any rights in and to any Potential Business Opportunity
of the Tencent Parties, their respective controlled Affiliates or any Identified Persons or the income or profits derived therefrom, (iii)&nbsp;the Tencent Parties, their respective controlled Affiliates and the Identified Persons may do business
with any potential artist, subscriber, music label or other business relationships of the Company or any of its Subsidiaries and (iv)&nbsp;neither the Tencent Parties, their respective controlled Affiliates nor any Identified Person shall have any
duty to communicate or offer any Potential Business Opportunity to the Company or any of its Subsidiaries or shall be liable to the Company or any of its Subsidiaries or any of their respective members, partners, shareholders or other equity holders
for breach of any duty (fiduciary, contractual or otherwise) by reason of the fact that the Tencent Parties, their respective controlled Affiliates or such Identified Person pursue or acquire such Potential Business Opportunity, direct such business
opportunity to another Person or fail to present such business opportunity, or information regarding such business opportunity, to the Company or its Subsidiaries, unless, in each case of clauses (ii)&nbsp;and (iv), the Tencent Parties, their
respective controlled Affiliates or such Identified Person first learn about such Potential Business Opportunity in any Confidential Information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.03 <U>Anti-Bribery Covenants</U>. The Company hereby agrees that it shall not, and shall use reasonable good faith efforts to cause
its controlled Affiliates and its and its controlled Affiliates&#146; officers, directors, employees, agents, and other persons acting for or on behalf of the Company or its controlled Affiliates not to, (i)&nbsp;offer, pay, promise to pay, or
authorize the payment of any money, or offer, give, promise to give, or authorize the giving of anything of value, to any Government Official or to any Person in violation of applicable Anticorruption Laws; (ii)&nbsp;use any corporate funds or
assets for unlawful contributions, gifts, entertainment, expenses or other unlawful conduct relating to political activity; (iii)&nbsp;make, offer, promise, authorize, solicit or receive any bribe, rebate, payoff, influence payment, kickback or
other similar improper payment, whether directly or indirectly, to or from any private commercial entity for the purpose of gaining an improper business advantage in violation of applicable Anticorruption Laws; or (iv)&nbsp;take any action that
would constitute a violation of, or cause the Company to be in violation of, or fail to take any action in violation of, any applicable Anticorruption Laws, in each of cases (i)&nbsp;through (iv), which conduct would reasonably be expected,
individually or in the aggregate, to be material to the Spotify Group Companies, taken as a whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 4.04 <U>Sanctions
Covenant</U>. The Company agrees that it shall not, shall cause its controlled Affiliates not to, and instruct any of its or their respective officers, directors, employees, and agents not to, use or cause to be used any funds of the Company for the
purpose of funding, financing or facilitating any unlawful activities, business or transaction of or with (i)&nbsp;any OFAC Sanctioned Person, (ii)&nbsp;a Person that is subject to any sanctions of the European Union, the PRC or the Cayman Islands
by Order of Her Majesty in Council or (iii)&nbsp;otherwise operate in any manner that would cause the Company or any of its Subsidiaries to be in violation of OFAC Sanctions or any sanctions of the European Union, the PRC or the Cayman Islands. </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE V </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>GENERAL PROVISIONS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.01 <U>Confidentiality</U>. During the period beginning on the date hereof and ending on the second (2<SUP
STYLE="font-size:85%; vertical-align:top">nd</SUP>)&nbsp;anniversary of the termination of this Agreement, each Investor shall, and each Investor shall cause its controlled Affiliates to, keep all Confidential Information strictly confidential and
not disclose any Confidential Information, in whole or in part, in any manner whatsoever; <U>provided</U> that, notwithstanding anything to the contrary in this Agreement, Confidential Information may be disclosed by the Investors and their
respective controlled Affiliates (i)&nbsp;to their respective Representatives and Affiliates, in each case, to the extent such Representative or Affiliate needs to be provided such Confidential Information to assist the Investors and their
respective controlled Affiliates in evaluating or reviewing their investment in the Company (<U>provided</U>, that (A)&nbsp;such Representative or Affiliate is subject to an obligation to keep such information confidential on terms at least as
favorable to the Company as this <U>Section&nbsp;5.01</U> and (B)&nbsp;the Investors and their respective controlled Affiliates shall be responsible for any breach of this <U>Section&nbsp;5.01</U> by any of their respective Representatives or
Affiliates), (ii)&nbsp;at any time following the expiration of the Lock-Up Period, to a prospective Transferee who is subject to an obligation to keep such information confidential on terms at least as favorable to the Company as this
<U>Section&nbsp;5.01</U> (<U>provided</U>, that the Investors and their respective controlled Affiliates shall be responsible for any breach of this <U>Section&nbsp;5.01</U> by such prospective Transferee) and (iii)&nbsp;if any of the Investors or
any of their respective controlled Affiliates, as applicable, has received advice from its outside counsel that it is legally required to make such disclosure to comply with applicable Law; <U>provided</U>, that prior to making such disclosure
pursuant to this clause (iii), such Person shall, to the extent legally permissible, promptly notify the Company of such request or requirement and use its reasonable best efforts to preserve the confidentiality of the Confidential Information,
including consulting with the Company regarding such disclosure and, if reasonably requested by the Company, assist the Company, at the Company&#146;s sole cost and expense, in seeking a protective order to prevent the requested disclosure; and
<U>provided</U>, <U>further</U>, that such Person may disclose only that portion of the Confidential Information that is, based on the advice of its outside counsel, legally required or requested to be disclosed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.02 <U>Amendment</U>. This Agreement may be amended, modified or supplemented only by an agreement in writing executed by all of the
parties hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.03 <U>Notices</U>. Unless otherwise provided herein, all notices and other communications hereunder shall be in
the English language and writing and shall be deemed given and received if transmitted by electronic mail (with confirmation of receipt by the recipient, which confirmation shall be promptly delivered by the recipient if so requested by the sender
in the applicable notice or other communication), on the Business Day after the date on which such notice is sent to the parties hereto at the following addresses (or at such other address for a party hereto as shall be specified by like notice):
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">If to the Company, to: </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Spotify AB </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">attn. Corporate Legal </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Birger
Jarlsgatan 61 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">113 56 Stockholm </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Sweden </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">with a copy (which copy
alone shall not constitute notice) to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Simpson Thacher&nbsp;&amp; Bartlett LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">425 Lexington Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">New York,
New York 10017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Attention: Alan M. Klein </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sebastian Tiller </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">E-mail: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">If to DGE Investments, to: </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Arch. Makariou&nbsp;&amp; Kalograion Corner 4 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Nicolaides Sea View City, 9<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Offices 903-904, Block A-B </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">6016 Larnaca Cyprus </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Attention:
&nbsp;&nbsp;&nbsp;&nbsp;Olga Mavrou </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">E-mail: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">If to Rosello, to: </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">22 Stasikratous Street </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Office 104 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">1065 Nicosia </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Cyprus </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Attention: P&auml;r
Ceder </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">E-mail: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">If to Tencent or Tencent Hong Kong, to: </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">c/o Tencent Holdings Limited </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Level 29, Three Pacific Place </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">1 Queen&#146;s Road East </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Wanchai, Hong Kong </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Attention:
&nbsp;&nbsp;&nbsp;&nbsp;Compliance and Transactions Department </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Email: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">with a copy (which copy alone shall not constitute notice) to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Tencent Building, Keji Zhongyi Avenue </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Hi-tech Park, Nanshan District </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Shenzhen 518057, PRC </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mergers and Acquisitions Department </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Email: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Davis Polk&nbsp;&amp; Wardwell </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">The Hong Kong Club Building </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">3A
Chater Road, 18/F </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Hong Kong </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miranda So </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">E-mail: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">If to TME or TME Hong Kong, to: </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Tencent Music Entertainment Group </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">7F, China Technology Trade Center </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">NO.66 North 4th Ring West Road </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Hai Dian District, Beijing </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">P.R.China 100080 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Attention:
Hsiang Zhao </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">E-mail: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">with
a copy (which copy alone shall not constitute notice) to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Davis Polk&nbsp;&amp; Wardwell </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">The Hong Kong Club Building </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">3A
Chater Road, 18/F </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Hong Kong </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miranda So </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">E-mail: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.04
<U>Waivers</U>. Any party hereto may waive in whole or in part any benefit or right provided to it under this Agreement, such waiver being effective only if contained in a writing executed by the waiving party. The failure of a party hereto at any
time or times to require performance of any provision hereof shall in no manner affect its right at a later time to enforce the same. No waiver by a party hereto of any condition or of any breach of any term or covenant contained in this Agreement
shall be effective unless in writing, and no waiver in any one or more instances shall be deemed to be a further or continuing waiver of any such condition or breach in other instances or a waiver of any other condition or breach of any other term
or covenant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.05 <U>Successors and Assignment</U>. Except as expressly provided in
<U>Section&nbsp;2.03</U>, neither this Agreement, nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto, in whole or in part (whether by operation of law or otherwise), without the prior written
consent of the other parties hereto, and any attempt to make any such assignment without such consent shall be null and void. Subject to the immediately preceding sentence, this Agreement will be binding upon, inure to the benefit of and be
enforceable by, the parties hereto and their respective permitted successors and assigns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.06 <U>No Third-Party
Beneficiaries</U>. This Agreement is solely for the benefit of the parties to this Agreement and no provision of this Agreement shall be deemed to confer upon any other Person any remedy, claim, liability, reimbursement, cause of action or other
right. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.07 <U>Severability</U>. If any provision of this Agreement shall be held invalid, illegal or unenforceable, the
validity, legality or enforceability of the other provisions hereof shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar as possible to the provision at
issue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.08 <U>Entire Understanding</U>. This Agreement, together with the Subscription Agreement, sets forth the sole and entire
agreement and understanding of the Main Parties hereto with respect to the transactions contemplated hereby and all inducements to the making of this Agreement relied upon by the Main Parties hereto and supersedes any and all prior representations,
warranties, agreements, arrangements and understandings, both written and oral, among the Main Parties hereto relating to the subject matter hereof (including that certain non-binding term sheet, dated August&nbsp;21, 2017, by and among the Main
Parties hereto). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.09 <U>Governing Documents; Other Shareholder Agreements</U>. The Main Parties hereto hereby acknowledge that
the Investors and their respective controlled Affiliates may, in respect of the Spotify Securities they beneficially own, be or become party or subject to other Governing Documents of the Company, and the Investors shall, and the Investors shall
cause their respective controlled Affiliates to, comply with the provisions of this Agreement (it being understood that the exercise by the Investors or any of their respective controlled Affiliates of any rights under such other Governing Documents
shall at all times be subject to compliance with the provisions set forth herein). The Company shall not adopt or enter into any Governing Document with any Person with respect to, directly or indirectly, any Spotify Securities which would prevent
the Company from complying with the provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.10 <U>Governing Law</U>. Except to the extent that mandatory
provisions of the Laws of Luxembourg are applicable, this Agreement and its enforcement, and any controversy arising out of or relating to the making or performance of this Agreement, shall be governed by and construed in accordance with the law of
the State of New York, without regard to New York&#146;s principles of conflicts of law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.11 <U>Arbitration</U>. All disputes,
controversies or claims arising out of or in connection with this Agreement and any and all claims arising out of or in connection with it, including any extra-contractual claims shall be resolved by final and binding arbitration in
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
accordance with the Rules of Arbitration of the International Chamber of Commerce (the &#147;<U>ICC</U>&#148;) by three (3)&nbsp;arbitrators appointed in accordance with the Rules of Arbitration
of the ICC. The claimant(s) shall nominate one (1)&nbsp;arbitrator in the request for arbitration. The respondent(s) shall nominate one (1)&nbsp;arbitrator in the answer to the request. The two (2)&nbsp;arbitrators nominated by the claimant and the
respondent may be nationals of any country. The two (2)&nbsp;party-nominated arbitrators shall then attempt to agree, in consultation with the claimant(s) and the respondent(s), upon the nomination of a third (3<SUP
STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;arbitrator to act as president of the tribunal. If the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;arbitrator has not been nominated within thirty (30)&nbsp;days of
the date of the appointment of the second (2<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP>)&nbsp;arbitrator, the third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;arbitrator shall be nominated by the ICC International
Court of Arbitration. The third (3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>)&nbsp;arbitrator and president of the tribunal shall not be a national of the PRC or Sweden. The place of arbitration shall be Wilmington, Delaware, United
States of America. The language of the arbitration shall be English. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.12 <U>Counterparts</U>. This Agreement may be executed
(including by e-mail delivery of a portable document format (&#147;.pdf&#148;) file) in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same original instrument. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.13 <U>Specific Performance</U>. The parties hereto hereby recognize, acknowledge and agree that the breach or violation of this
Agreement by a party hereto would cause irreparable damage to the other parties hereto and that none of the parties hereto has an adequate remedy at Law. Each party hereto shall therefore be entitled, in addition to any other remedies that may be
available, to obtain specific performance of the terms of this Agreement, and appropriate injunctive relief may be applied for and granted in connection therewith. Any party hereto seeking an order or injunction to prevent breaches of this Agreement
or to enforce specifically the terms and provisions hereof shall not be required to provide, furnish or post any bond or other security in connection with or as a condition to obtaining any such order or injunction, and each party hereto hereby
irrevocably waives any right it may have to require the provision, furnishing or posting of any such bond or other security. If any action is brought by any party hereto to enforce this Agreement, the other parties hereto shall waive the defense
that there is an adequate remedy at Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.14 <U>Termination</U>. Except for <U>Section&nbsp;2.02(a)</U>,
<U>Section&nbsp;3.01</U> and <U>Section&nbsp;3.02</U> (which shall expire in accordance with their respective terms), this Agreement shall terminate and be of no further force and effect as to any Tencent Party and its controlled Affiliates upon the
earlier to occur of (i)&nbsp;the mutual written agreement of such Tencent Party and the Company and (ii)&nbsp;the date on which such Tencent Party and its controlled Affiliates, taken together, no longer beneficially own any Spotify Securities,
except that, in each case, the provisions set forth in this <U>Article V</U> shall survive the termination of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION
5.15 <U>Other Agreements</U>. The Tencent Parties shall not, and the Tencent Parties shall cause their controlled Affiliates not to, enter into any agreement of any kind with any Person with respect to, directly or indirectly, any Spotify Securities
which is inconsistent with the provisions of this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SECTION 5.16 <U>Representations</U>. Tencent hereby represents as of the date hereof that
Tencent Hong Kong is, and as of the consummation of the Tencent Hong Kong Secondary Purchase will be, a wholly owned Subsidiary of Tencent, and no Person other than Tencent owns as of the date hereof, and will own as of the consummation of the
Tencent Hong Kong Secondary Purchase, any capital stock of Tencent Hong Kong. Tencent Hong Kong hereby agrees that no Person other than Tencent Hong Kong shall purchase and acquire any Spotify Shares pursuant to the Tencent Hong Kong Secondary
Purchase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[The remainder of this page is intentionally left blank.] </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF,</B> each of the following parties hereto has caused this Agreement to
be duly executed and delivered in its name and on its behalf, all as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Peter Grandelius</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name: Peter Grandelius</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman">Title: Authorized Signatory and Associate General Counsel</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B>[Signature Page to
Investor Agreement (Investment in Spotify)] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF,</B> each of the following parties hereto has caused this Agreement to
be duly executed and delivered in its name and on its behalf, all as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Tencent Music Enterainment Group</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt;margin-bottom:1pt">


<IMG SRC="g494294page034.jpg" ALT="LOGO">
</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ PANG Kar Shun Cussion</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: PANG Kar Shun Cussion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: Director</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B>[Signature Page to
Investor Agreement (Investment in Spotify)] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF,</B> each of the following parties hereto has caused this Agreement to
be duly executed and delivered in its name and on its behalf, all as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Tencent Music Entertainment Hong Kong Limited</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ PANG Kar Shun Cussion</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: PANG Kar Shun Cussion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title: Authorized Sigantory</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B>[Signature Page to
Investor Agreement (Investment in Spotify)] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B></B><B>IN WITNESS WHEREOF, </B>each of the following parties hereto has caused this<B>
</B>Agreement to be duly executed and <B></B>delivered in its name and on its behalf, all as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Tencent Holdings Limited</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Huateng Ma</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: Huateng Ma</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:&nbsp; Authorized Signatory</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page to
Investor Agreement (Investment in Spotify)] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B></B><B>IN WITNESS WHEREOF, </B>each of the following parties hereto has caused this<B>
</B>Agreement to be duly executed and delivered <B></B>in its name and on its behalf, all as of the day and year first above written.<B></B> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Image Frame Investment (HK) Limited</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Huateng Ma</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: Huateng Ma</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: Authorized Signatory</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page to
Investor Agreement (Investment in Spotify)] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF,</B> each of the following parties hereto has caused this Agreement to
be duly executed and delivered in its name and on its behalf, all as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="50%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Solely with respect to solely with respect to</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Section 1.02</U>, <U>Section 2.07</U>, <U>Section 3.02</U>,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Section 5.02</U>, <U>Section 5.03</U>, <U>Section 5.04</U>,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Section 5.05</U>, <U>Section <B><I>5</I></B>.06</U>, <U>Section 5.07</U>,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Section 5.10</U>, <U>Section 5.11</U>, <U>Section 5.12</U>,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><U>Section 5.13</U> and <U>Section 5.14</U></P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="50%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">D.G.E. INVESTMENTS LIMITED</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Andrea Liassides, Anna Katarina Lif Burren</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:&nbsp;Andrea&nbsp;Liassides,&nbsp;Anna&nbsp;Katarina&nbsp;Lif&nbsp;Burren</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title: &nbsp;Directors</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page to
Investor Agreement (Investment in Spotify)] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF,</B> each of the following parties hereto has caused this Agreement to
be duly executed and delivered in its name and on its behalf, all as of the day and year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Solely with respect to solely with respect to</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Section 1.02</U>, <U>Section 2.07</U>, <U>Section 3. 02</U>,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Section 5.02</U>, <U>Section 5.03</U>, <U>Section 5.04</U>,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Section 5.05</U>, <U>Section 5.06</U>, <U>Section 5.07</U>,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Section 5.10</U>, <U>Section 5.11</U>, <U>Section 5.12</U>,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><U>Section 5.13</U> and <U>Section 5.14</U></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>ROSELLO COMPANY LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ PAR CEDER</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name: PAR CEDER</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: DIRECTOR</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page to
Investor Agreement (Investment in Spotify)] </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule I </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule II </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule III </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>5
<FILENAME>filename5.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.21</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.21 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXCHANGE AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Exchange Agreement (this &#147;<U>Agreement</U>&#148;) is made and entered into as of December 8, 2017 by and among Spotify Technology
S.A., a limited liability company (soci&eacute;t&eacute; anonyme) incorporated under the laws of Luxembourg (the &#147;<U>Company</U>&#148;), and the entities listed on the schedules &#147;A&#148; attached to this Agreement (collectively,
&#147;<U>Schedule A</U>&#148;; the <U>Schedule A</U> pertaining to each individual Noteholder is referred to herein as the &#147;<U>applicable Schedule A</U>&#148;) (the &#147;<U>Noteholders</U>&#148;). The Company and the Noteholders are sometimes
collectively referred to in this Agreement as the &#147;<U>Parties</U>&#148; and individually as a &#147;<U>Party</U>.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS,
each Noteholder currently is the record and beneficial owner of Convertible Senior Notes due April 1, 2021 issued by the Company pursuant to that certain Note Purchase Agreement, dated March&nbsp;26, 2016, and identified on such Noteholder&#146;s
applicable <U>Schedule A</U> (the &#147;<U>Notes</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, each Noteholder wishes to exchange a portion of such
Noteholder&#146;s Notes (such portion, the &#147;<U>Exchanged Notes</U>&#148;) for the number of ordinary shares of the Company&#146;s common stock, par value &#128;0.025 per ordinary share (the &#147;<U>Common Stock</U>&#148;), set forth on such
Noteholder&#146;s applicable <U>Schedule A</U> (the aggregate amount of such Common Stock of such Noteholder being referred to in this Agreement as the &#147;<U>Exchange Shares</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, each Noteholder has agreed to immediately sell (the &#147;<U>Sale</U>&#148;) all of the Exchange Shares such Noteholder receives to
Image Frame Investment (HK) Limited (&#147;<U>Tencent</U>&#148;), and Tencent has agreed to purchase all of such Exchange Shares, for $5,000 per ordinary share immediately following the Closing pursuant to that certain Purchase Agreement, dated as
of the date hereof, by and among, each Noteholder and Tencent (the &#147;<U>Purchase Agreement</U>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company
wishes to issue the Exchange Shares to the Noteholders in exchange for the Exchanged Notes upon the terms and conditions set forth in this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual covenants, agreements and understandings herein contained, the Parties agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 1. <U>Exchanges of Notes</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.1 <U>The Exchanges</U>. On and subject to the terms and conditions set forth in this Agreement, on the Closing Date (as defined below), each
Noteholder will deliver such Noteholder&#146;s Notes referred to on such Noteholder&#146;s applicable <U>Schedule A</U> to the Company and the Company will immediately cancel such Exchanged Notes and, in exchange and as full consideration for such
Exchanged Notes, issue to such Noteholder the Exchange Shares as referenced on such Noteholder&#146;s applicable Schedule A (the &#147;<U>Transactions</U>&#148;); provided that in the event the Sale does not occur immediately following, and on the
same day as, the consummation of the Transactions, the Transactions shall automatically be fully rescinded and deemed to have not occurred and the Parties shall take all necessary action to evidence the rescission of the Transactions such that the
Exchanged Notes shall be reinstated (as if never cancelled) and returned to the Noteholders and the Noteholders shall return the Shares to the Company in exchange therefor. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.2 <U>Remaining Notes</U>. Any portion of the Notes not
exchanged by the Noteholders (including, without limitation, any interest accrued on the Notes, including the Exchanged Notes, after the most recent PIK Interest Payment Due Date up to and including the Closing Date) will be re-issued to the
applicable Noteholder in accordance with Section&nbsp;21 of the Note (the &#147;<U>New Notes</U>&#148;) and in the amount set forth on the Noteholder&#146;s applicable <U>Schedule A,</U> except as noted in Section&nbsp;1.3(c). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.3 <U>Closing.</U> The closing of the transactions contemplated by this Agreement (the &#147;<U>Closing</U>&#148;) will take place on
December 15, 2017, or such other date, if any, as is mutually agreed to by the Parties (the &#147;<U>Closing Date</U>&#148;). On the Closing Date: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) each Noteholder will deliver to the Company such Noteholder&#146;s cancelled Notes; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) upon delivery of such Notes, the Company will deliver to such Noteholder the applicable Exchange Shares via book-entry; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) also upon delivery of such Notes, the Company will deliver an executed New Note in the amount indicated on such Noteholder&#146;s
applicable Schedule A to the extent any portion of such Noteholder&#146;s Notes are not exchanged pursuant to this Agreement (which, for the avoidance of doubt, shall be the same security as the Note a portion of which was delivered to be cancelled
pursuant to Section&nbsp;1.3(a), but such New Note shall accrue interest from (but excluding) the Closing Date, and shall bear a notation to that effect on such New Note). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Representations and Warranties of the Company</U>. The Company represents and warrants to each Noteholder that the following
statements are true and correct: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.1 <U>Organization; Requisite Authority</U>. The Company is a corporation duly organized and validly
existing under the laws of Luxembourg. The Company possesses all requisite power and authority necessary to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.2 <U>Authorization</U>. The execution, delivery and performance of this Agreement and the consummation of the Transactions have been duly
authorized by all necessary company action on the part of the Company, and no other company action on the part of the Company is required to authorize its execution, delivery and performance hereof, or its consummation of the Transactions. This
Agreement has been duly executed and delivered by the Company and, assuming that this Agreement is a valid and binding obligation of each of the other Parties hereto, constitutes the legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except to the extent enforcement may be subject to (i)&nbsp;applicable bankruptcy (<I>faillite</I>), insolvency (<I>liquidation volontaire ou judiciaire</I>), fraudulent conveyance, reorganization,
moratorium (<I>sursis de paiement</I>) and other similar Laws affecting enforcement of creditors&#146; rights generally and (ii)&nbsp;equitable limitations on the availability of specific remedies (whether considered in a proceeding in equity or at
Law). On </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">the Closing Date, when duly executed and issued in accordance with the terms
contained hereof, the New Notes will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as such enforceability may be limited by applicable bankruptcy (<I>faillite</I>),
insolvency (<I>liquidation volontaire ou judiciaire</I>), fraudulent conveyance, reorganization, moratorium (<I>sursis de paiement</I>) and other similar Laws affecting enforcement of creditors&#146; rights generally and (ii)&nbsp;equitable
limitations on the availability of specific remedies (whether considered in a proceeding in equity or at Law). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.3 <U>No Violation,
Consents and Approvals</U>. (a)&nbsp;The execution and delivery of this Agreement by the Company does not, and the performance of this Agreement by the Company and the consummation of the Transactions, including the Sale, will not, (i)&nbsp;conflict
with or violate the organizational documents of the Company, (ii)&nbsp;conflict with or violate any laws applicable to the Company or by or to which any of its properties or assets are bound or subject, or (iii)&nbsp;result in any breach of,
constitute a default (or an event that with notice or lapse of time or both would constitute a material default) under, or give to others any right of termination, amendment, acceleration or cancellation of, or require payment under, or result in
the creation of a Lien on any of the material properties or assets of the Company under, any material bond, note, mortgage, deed of trust, lease, commitment, obligation, understanding, arrangement, indenture, other evidence of indebtedness,
guarantee, license, agreement or other contract or instrument (&#147;<U>Contract</U>&#148;) to which the Company is a party or by or to which the Company or any of its properties or assets are bound or subject, in each case that would, individually
or in the aggregate, reasonably be expected to materially impair the Company&#146;s ability to perform its obligations hereunder or to consummate the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Assuming the representations and warranties of each Noteholder set forth in Section&nbsp;3.2 and Section&nbsp;3.3 are true and correct,
the execution and delivery of this Agreement by the Company does not, and the performance by the Company of this Agreement and the consummation of the Transactions, including the Sale, will not, require the Company to make any filing with, obtain
any permit, authorization, consent or approval of, or given any notice to (&#147;<B>Consents</B>&#148;), any court, tribunal, legislative, executive or regulatory authority or agency (a &#147;<B>Governmental Authority</B>&#148;), or any third party
except for (i)&nbsp;such consents, approvals or notices which would not, individually or in the aggregate, reasonably be expected to materially impair the Company&#146;s ability to perform its obligations hereunder or to consummate the Transactions
and (ii)&nbsp;such consents, approvals or notices which have been or will be obtained prior to the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.4 <U>Validity of
Shares</U>. When issued and delivered in accordance with this Agreement, the Exchange Shares to be delivered under this Agreement (i)&nbsp;will have been duly authorized by all necessary corporate action of the Company and will be validly issued,
fully paid and nonassessable, (ii)&nbsp;assuming the accuracy of the representations and warranties of each Noteholder in Section&nbsp;3 below, be freely tradeable and not subject to any transfer restrictions, and (iii)&nbsp;and upon the occurrence
of the Closing hereunder, each Noteholder shall acquire sole beneficial ownership of the applicable Exchange Shares as set forth on such Noteholder&#146;s applicable <U>Schedule A</U>, free and clear of all Liens. The Exchange Shares are being
exchanged for the Exchanged Notes pursuant to, and in compliance with, Section&nbsp;4(a)(2) of the Securities Act of 1933, as amended (the &#147;<U>Securities Act</U>&#148;). Other than the Company&#146;s articles of association, the Purchase
Agreement and the TME Investor Agreement (as defined in the TME </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subscription Agreement), the Exchange Shares will not be subject to or bound by
any other Contract, including any shareholders&#146; agreement, as of the Closing (assuming the Noteholders have not entered into or agreed to enter into any such other Contract with a third party), and the Noteholders are not required, by the terms
of any Contract to which the Company is a party, to enter into any such other Contract. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.5 <U>TME Investment Closing</U>. All conditions
to the TME Investment Closing have been or shall be satisfied before or simultaneously with the Closing. For purposes of this Agreement, the &#147;<U>TME Investment Closing</U>&#148; means the &#147;Closing&#148; under the Subscription Agreement,
dated as of December 8, 2017 by and among the Company and certain of its Affiliates and certain Affiliates of Tencent (the &#147;<U>TME Subscription Agreement</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.6 <U>Broker&#146;s Fees</U>. The Company has not entered into any agreement or arrangement entitling any agent, broker, investment banker,
financial advisor or other firm or Person to any brokers&#146; or finders&#146; fee or any other commission or similar fee in connection with any of the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 3. <U>Representations and Warranties of each Noteholder</U>. Each Noteholder, severally and not jointly, represents and warrants to
the Company that the following statements are true and correct: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.1 <U>Organization</U>. Such Noteholder is an entity duly formed, validly
existing and in good standing under the laws of jurisdiction of organization, and has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.2 <U>Authorization</U>. The execution, delivery and performance of this Agreement, and the consummation of the Transactions, have been duly
authorized by all necessary corporate action on the part of such Noteholder, and no other limited partnership action on the part of such Noteholder is required to authorize its execution, delivery and performance hereof, and the consummation of the
Transactions. This Agreement has been duly executed and delivered by such Noteholder and, assuming that this Agreement is a valid and binding obligation of each of the other parties hereto, constitutes the legal, valid and binding obligation of such
Noteholder, enforceable against such Noteholder in accordance with its terms, except to the extent enforcement may be subject to (a)&nbsp;applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws
affecting enforcement of creditors&#146; rights generally and (b)&nbsp;equitable limitations on the availability of specific remedies (whether considered in a proceeding in equity or at Law). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.3 <U>No Violation, Consents and Approvals</U>. (a)&nbsp;The execution and delivery of this Agreement by such Noteholder does not, and the
performance of this Agreement by such Noteholder and the consummation of the Transactions, including the Sale, will not, (i)&nbsp;conflict with or violate the organizational documents of such Noteholder, (ii)&nbsp;conflict with or violate any Laws
applicable to such Noteholder or by or to which any of its properties or assets are bound or subject, or (iii)&nbsp;result in any breach of, constitute a default (or an event that with notice or lapse of time or both would constitute a material
default) under, or give to others any right of termination, amendment, acceleration or cancellation of, or require payment under, or result in </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">the creation of a Lien on any of the material properties or assets of such
Noteholder under, any material Contract to which such Noteholder is a party or by or to which such Noteholder or any of its properties or assets are bound or subject, in each case that would materially impair such Noteholder&#146;s ability to
perform its obligations hereunder or to consummate the Transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Assuming the representations and warranties of the Company set
forth in Section&nbsp;2.2 and Section&nbsp;2.3 are true and correct, the execution and delivery of this Agreement by such Noteholder does not, and the performance by such Noteholder of this Agreement and the consummation of the Transactions,
including the Sale, will not, require such Noteholder to obtain any Consents from any Governmental Authority or any third party </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.4
<U>Ownership</U>. Such Noteholder is the record and beneficial owner of the aggregate principal amount of the Notes as set forth on such Noteholder&#146;s applicable <U>Schedule A</U>, and has good and valid title to such aggregate principal amount
of the Notes, free and clear of all Liens. At the Closing, such Noteholder will transfer to the Company good and valid title to the Notes as set forth on such Noteholder&#146;s applicable <U>Schedule A</U>, free and clear of all Liens (other than
Liens created by or resulting from action of the Company). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.5 <U>Nature of Investment</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) Such Noteholder is an &#147;accredited investor&#148; as defined in Rule 501(a) under the Securities Act of 1933, as amended, and the
rules and regulations promulgated thereunder (the &#147;Securities Act&#148;). Such Noteholder, either alone or together with its representatives, have such knowledge, sophistication and experience in business and financial matters so as to be
capable of evaluating the merits and risks of the investment in the Exchange Shares and have so evaluated the merits and risks of such investment. Such Noteholder is able to bear the economic risk of an investment in the Exchange Shares and, at the
present time, is able to afford a complete loss of such investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Such Noteholder is not an &#147;affiliate&#148; of the Company
(as such term is defined under Rule 144(a)(1) of the Securities Act) and has not been for the past 90 days. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Such Noteholder is not
purchasing the Exchange Shares as a result of any advertisement, article, notice or other communication regarding the Exchange Shares published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any
seminar or any other general solicitation or general advertisement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) Such Noteholder understands and acknowledges that (i)&nbsp;the
Exchange Shares are being offered and sold without registration under the Securities Act in a private placement that is exempt from the registration provisions of the Securities Act, (ii)&nbsp;the availability of such exemption depends in part on,
and each Seller will rely upon the accuracy and truthfulness of, the foregoing representations and such Noteholder hereby consents to such reliance, and (iii)&nbsp;the Exchange Shares are &#147;restricted securities&#148; for purposes of the
Securities Act and rules thereunder and may not be resold without registration under the Securities Act or an exemption therefrom, and the certificates representing such shares will bear a restrictive legend to such effect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.6 <U>Broker&#146;s Fees</U>. Neither such Noteholder nor any
of its officers or directors or persons serving in a similar capacity has retained or authorized any investment banker, broker, finder or other intermediary to act on behalf of such Noteholder or incurred any liability for any banker&#146;s,
broker&#146;s or finder&#146;s fees or commissions in connection with the Transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 4. <U>Conditions Precedent to the
Company&#146;s Obligations</U>. The obligation of the Company to consummate the Transactions is subject to the satisfaction at or prior to the Closing of the following conditions (unless waived by the Company): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.1 <U>Representations and Warranties</U>. The representations and warranties of each Noteholder contained in Section&nbsp;3 that are qualified
as to materiality shall be true and correct in all respects, and such representations and warranties that are not so qualified shall be true and correct in all material respects, in each case, as of the date when made and at and as of the Closing
Date, as though such representations and warranties were made at and as of such date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.2 <U>Performance</U>. Each Noteholder shall have
performed and complied with, in all material respects, all covenants and agreements required by this Agreement to be performed or complied with by such Noteholder on or prior to the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.3 <U>Tax Information</U>. Each Noteholder will provide the Company two duly completed Internal Revenue Service Form W-9 or appropriate
Internal Revue Service Form W-8, as applicable, together with any required attachments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.4 <U>TME Investment Closing</U>. There are no
conditions to the TME Investment Closing other than as set forth on Schedule B, which schedule indicates whether or not each applicable condition is satisfied as of the date of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.5 <U>Confirmation of Conditions to the Sale</U>. Each of the Noteholders shall have irrevocably confirmed in writing to the Company that all
conditions to the obligations of each Noteholder to consummate the Closing pursuant to the Purchase Agreement, as set forth in Section&nbsp;5.03 of the Purchase Agreement, have been satisfied and that assuming all conditions to the obligations of
the Purchaser are satisfied or waived, such Noteholder is prepared to consummate the Closing pursuant to the Purchase Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION
5. <U>Conditions Precedent to each Noteholder&#146;s Obligations</U>. The obligation of each Noteholder to consummate the Transactions is subject to the satisfaction at or prior to the Closing of the following conditions (unless waived by such
Noteholder): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.1 <U>Representations and Warranties</U>. The representations and warranties of the Company contained in Section&nbsp;2 that
are qualified as to materiality shall be true and correct in all respects, and such representations and warranties that are not so qualified shall be true and correct in all material respects, in each case, as of the date when made and at and as of
the Closing Date, as though such representations and warranties were made at and as of such date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.2 <U>Performance</U>. The Company
shall have performed and complied with, in all material respects, all covenants and agreements required by this Agreement to be performed or complied with by the Company on or prior to the Closing Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.3 <U>TME Investment Closing</U>. The TME Investment Closing
shall have occurred, or shall be occurring concurrently with the Closing, in accordance with the TME Subscription Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.4
<U>Confirmation of the Sale</U>. Tencent shall have irrevocably confirmed in writing to the Noteholders that, if the Closing is consummated and the Exchange Shares are issued, then the Closing under the Purchase Agreement will occur (and Tencent has
not revoked, withdrawn, modified or conditioned such confirmation) and the Closing under the Purchase Agreement shall occur concurrently with or immediately following the issuance of the Exchange Shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 6. <U>Termination</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.1 <U>Termination</U>. This Agreement may be terminated and the Transactions may be abandoned at any time prior to the Closing: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) by mutual written agreement of the Company and the Noteholders (acting jointly); or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) at any time on or after January 8, 2018 (the &#147;<U>Termination Date</U>&#148;), by the Company, on the one hand, or by any Noteholder
(as to such Noteholder only), on the other hand, by giving written notice of such termination to the other Party or Parties, if the Closing shall not have occurred on or prior to the Termination Date and if the failure to consummate the Closing by
the Termination Date is not the result of any material breach of this Agreement by the Party or Parties seeking to terminate this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.2 <U>Effect of Termination</U>. In the event of the termination of this Agreement in accordance with Section&nbsp;6.1 hereof, this Agreement
shall thereafter become void and have no effect and the Transactions shall be abandoned, and no Party hereto shall have any liability to the other Party hereto or their respective affiliates, directors, officers or employees, except for the
obligations of the Parties hereto contained in this Section&nbsp;6.2 and the provisions of Section&nbsp;7.7, 7.13, 7.14, 7.15, 7.16, 7.17 and 7.18 and except that nothing herein will limit or restrict the rights or remedies of any Party hereto
against the other Parties for any willful and material breach of this Agreement arising prior to termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 7.
<U>Miscellaneous</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.1 <U>Shareholder Register</U>. Following the Closing, the Company covenants and agrees to deliver to Tencent,
upon written request, an excerpt from the shareholders&#146; register of the Company evidencing the registration of Tencent&#146;s ownership of the Exchange Shares, duly certified by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.2 <U>Reasonable Best Efforts</U>. Upon the terms and subject to the conditions of this Agreement, each of the Parties agree to use
reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws to consummate and make effective the Transactions as promptly as practicable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.3 <U>Further Assurances</U>. In case at any time after the
Closing any further action is necessary to carry out the purposes of this Agreement, the Transactions or the Sale, each of the Parties will take such further action (including the execution and delivery of such further instruments and documents) as
the other Party may reasonably request, at the requesting Party&#146;s expense. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.4 <U>Severability</U>. If any provision of this
Agreement shall be held invalid, illegal or unenforceable, the validity, legality or enforceability of the other provisions hereof shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and
enforceable provision as similar as possible to the provision at issue. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.5 <U>Several Liability of the Noteholders</U>. All
representations, warranties, covenants and other obligations of the Noteholders contained herein or contemplated hereby shall be deemed to be several and not joint. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.6 <U>Counterparts</U>. This Agreement may be executed in one or more counterparts (including by means of e-mail), each of which shall be
deemed an original, and all of which shall constitute one and the same agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.7 <U>Descriptive Headings; Interpretation</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The heading references herein and in the table of contents hereto are for convenience purposes only, do not constitute a part of this
Agreement and shall not be deemed to limit or affect any of the provisions hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Any capitalized terms used in <U>Schedule A</U>
attached hereto and not otherwise defined therein shall have the meanings set forth in this Agreement and if not defined in this Agreement, the Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The term &#147;<B>dollars</B>&#148; and character &#147;<B>$</B>&#148; shall mean United States dollars. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) The words &#147;<B>hereof</B>&#148;, &#147;<B>herein</B>&#148;, &#147;<B>hereto</B>&#148; and &#147;<B>hereunder</B>&#148; and words of
similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) The word &#147;<B>including</B>&#148; shall mean including, without limitation, and the words &#147;<B>include</B>&#148; and
&#147;<B>includes</B>&#148; shall have corresponding meanings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) &#147;<B>Laws</B>&#148; means any federal, state, local, foreign or
transnational law, statute, ordinance, rule, regulation, order, judgment or decree, administrative order or decree, administrative or judicial decision, and any other executive or legislative proclamation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) &#147;<B>Liens</B>&#148; means all liens, charges, security interests, options, claims, mortgages, pledges, proxies, voting trusts or
other adverse interests or restrictions on title or transfer, other than, in the case of the Shares, (i)&nbsp;any of the foregoing arising out of the articles of association of the Company and (ii)&nbsp;any restrictions on transfer arising out of
applicable securities Laws. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) &#147;<B>Person</B>&#148; shall mean a natural person,
partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity or organization. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) The terms defined in the singular shall have a comparable meaning when used in the plural, and vice versa. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) The Parties intend that each representation, warranty and covenant contained herein shall have independent significance. If any Party has
breached any representation, warranty or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) the
Party has not breached shall not detract from or mitigate the fact that the Party is in breach of the first representation, warranty or covenant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.8 <U>Entire Agreement</U>. This Agreement (including the Schedules hereto) and, in the case of the Noteholders and Tencent, the Purchase
Agreement, contains the entire agreement among the Parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect to such matters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.9 <U>Parties in Interest</U>. This Agreement shall inure to the benefit of and be binding upon the Parties hereto and their respective
successors and permitted assigns. Nothing in this Agreement, express or implied, is intended to confer upon any Person other than the Company and the Noteholders, or their respective successors or permitted assigns, any rights or remedies under or
by reason of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.10 <U>Extension; Amendment; Waiver</U>. At any time prior to the Closing Date, the Parties (in the case of
the Noteholders, acting jointly) may extend the time for performance of any of the obligations or other acts of the other Parties. Neither this Agreement nor any provision hereof may be amended or waived other than by a written instrument (including
a writing evidenced by e-mail) signed, in the case of an amendment, by all of the Parties hereto, or in the case of a waiver, by the Party against whom the waiver is to be effective. No failure or delay by any Party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.11 <U>Time of Essence</U>. Each of the Parties hereto hereby agrees that, with regard to all dates and time periods set forth in this
Agreement, time is of the essence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.12 <U>Assignment</U>. No Party to this Agreement may assign any of its rights or obligations under
this Agreement without the prior written consent of the other Parties hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.13 <U>Expenses</U>. Whether or not the Transactions are
consummated, all costs and expenses incurred in connection with this Agreement and the Transactions shall be borne by the Party incurring such expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.14 <U>Governing Law</U>. This Agreement shall be governed by the Laws of the State of New York. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.15 <U>Disputes</U>. All disputes, controversies or claims
arising out of or in connection with this Agreement shall be resolved by final and binding arbitration in accordance with the Rules of Arbitration of the International Chamber of Commerce (the &#147;ICC&#148;) by three (3)&nbsp;arbitrators appointed
in accordance with the Rules of Arbitration of the ICC. The claimant(s) shall nominate one (1)&nbsp;arbitrator in the request for arbitration. The respondent(s) shall nominate one (1)&nbsp;arbitrator in the answer to the request. The two
(2)&nbsp;arbitrators nominated by the claimant and the respondent may be nationals of any country. The two <FONT STYLE="white-space:nowrap">(2)&nbsp;party-nominated</FONT> arbitrators shall then attempt to agree, in consultation with the claimant(s)
and the respondent(s), upon the nomination of a third (3rd) arbitrator to act as president of the tribunal. If the third (3rd) arbitrator has not been nominated within thirty (30)&nbsp;days of the date of the appointment of the second (2nd)
arbitrator, the third (3rd) arbitrator shall be nominated by the ICC International Court of Arbitration. The third (3rd) arbitrator and president of the tribunal shall not be a national of the People&#146;s Republic of China or Sweden. The place of
arbitration shall be Wilmington, Delaware, United States of America. The language of the arbitration shall be English. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.16 <U>WAIVER OF
JURY TRIAL</U>. EACH OF THE PARTIES HEREBY WAVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTIONS. EACH PARTY (A)&nbsp;CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B)&nbsp;ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.16. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.17 <U>Consent to Jurisdiction</U><I>. </I>Subject to the provisions of Section&nbsp;7.15 hereof, each of the Parties irrevocably submits to
the exclusive jurisdiction of the Delaware Court of Chancery or in the event (but only in the event) that such court does not have subject matter jurisdiction over such action or proceeding, the United States District Court for the District of
Delaware (in either case, the &#147;<B>Delaware Courts</B>&#148;) and any appeals courts thereof for the purposes of any suit, action, or other proceeding to compel arbitration or for provisional relief in aid of arbitration in accordance with
Section&nbsp;7.15, and to the nonexclusive jurisdiction of the Delaware Courts for the enforcement of any award issued pursuant to an arbitration under Section&nbsp;7.15. Each of the Parties further agrees that the service of any process, summons,
notice or document by first class mail to each Party&#146;s respective address set forth above shall be effective service of process for any action, suit or proceeding in the Delaware Courts with respect to any matters to which it has submitted to
jurisdiction in this Section&nbsp;7.17. Each of the Parties irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the Transactions in the Delaware Courts
(subject to the provisions of Section&nbsp;7.15), and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in the Delaware Courts has been brought
in an inconvenient forum. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.18 <U>Notices</U>. All notices, demands or other
communications hereunder shall be deemed to have been duly given and made if in writing and if served by personal delivery upon the Party for whom it is intended, if delivered by registered or certified mail, return receipt requested, or by a
national courier service, or if sent by facsimile (with receipt of confirmation of delivery) or delivered via e-mail, to the person at the address set forth below, or such other address as may be designated in writing hereafter, in the same manner,
by such person: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Spotify Technology S.A. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">42-44</FONT> Avenue de la Gare </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">L-1610</FONT> Luxembourg </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: General Counsel </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">With a copy to (which
shall not constitute notice): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Spotify AB </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Birger Jarlsgatan 61, 4TR, 113 56 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Stockholm, Sweden </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention:
General Counsel </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Latham&nbsp;&amp; Watkins LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">885 Third Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">New York, New
York 10022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attn: Gregory P. Rodgers </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax: (212) <FONT STYLE="white-space:nowrap">751-4864</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Noteholders: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">To the address or addresses set forth </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">on <U>Schedule A</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">With a copy
to (which shall not constitute notice): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Paul, Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">1285 Avenue of the Americas </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">New
York, New York 10019-6064 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attn: &nbsp;&nbsp;&nbsp;Ariel J. Deckelbaum </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax: &nbsp;&nbsp;&nbsp;&nbsp;(212) <FONT STYLE="white-space:nowrap">492-0546</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: &nbsp; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any such
notification shall be deemed delivered (i)&nbsp;upon receipt, if delivered personally, (ii)&nbsp;on the next business day, if sent by national courier service for next business day delivery or (iii) the business day on which confirmation of delivery
is received, if sent by facsimile or via <FONT STYLE="white-space:nowrap">e-mail.</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.19 <U>No Construction Against Draftsperson</U>. The Parties
have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or
burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.20 <U>Releases</U>. Each Noteholder releases and discharges the Company and its affiliates, and each of their respective directors,
officers, employees, agents and controlling persons, from any and all claims such Noteholder may have, now or in the future, arising out of or related to the Exchanged Notes exchanged pursuant to this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.21 <U>Purchase Agreement</U>. Each Noteholder agrees not to agree to any waiver or amendment to the Purchase Agreement without the prior
written consent of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.22 <U>Specific Performance</U>. The Parties recognize, acknowledge and agree that the breach or
violation of this Agreement by a Party would cause irreparable damage to the other Party or Parties and that none of the Parties has an adequate remedy at Law. Each Party shall therefore be entitled, in addition to any other remedies that may be
available, to obtain specific performance of the terms of this Agreement, and appropriate injunctive relief may be applied for and granted in connection therewith. A Party seeking an order or injunction to prevent breaches of this Agreement or to
enforce specifically the terms and provisions hereof shall not be required to provide, furnish or post any bond or other security in connection with or as a condition to obtaining any such order or injunction, and each Party hereby irrevocably
waives any right it may have to require the provision, furnishing or posting of any such bond or other security. If any action is brought by any Party to enforce this Agreement, the other Parties shall waive the defense that there is an adequate
remedy at Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.23 <U>Confidentiality</U>. The Parties agree that the terms of this Agreement may not be disclosed or referred to
publicly or to any third party, except (i)&nbsp;in accordance with the prior written consent of the other Parties (which shall not be unreasonably withheld or delayed); (ii) as such disclosure may be required law, court order, order of any
administrative agency or regulation; (iii)&nbsp;to such Party&#146;s outside law firms, accounting firms and other agents; (iv)&nbsp;as an exhibit to the Purchase Agreement, provided that <U>Schedule A</U> is omitted and (v)&nbsp;in communications
with other holders of the Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.24 <U>Indebtedness</U>. The Company acknowledges and agrees that the Noteholders constitute the
&#147;Requisite Holders&#148; under the terms of the Note as of the date hereof. From and after the date hereof, the Company covenants and agrees to not incur any indebtedness that would constitute (or be treated for any purpose as) a
&#147;Convertible Senior Note&#148; pursuant to the terms of the Note. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Signatures on next page) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Peter Grandelius</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Peter Grandelius</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Associate General Counsel</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> E<SMALL>XCHANGE</SMALL>
A<SMALL>GREEMENT</SMALL> </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"><B>DF DALMATIAN HOLDINGS, LP</B></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Pat Robertson</P></TD></TR></TABLE></DIV>
<DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Name:&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Pat Robertson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Authorized Signatory</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> E<SMALL>XCHANGE</SMALL>
A<SMALL>GREEMENT</SMALL> </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"><B>TAO CAYMAN LTD.</B></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Joshua Peck</P></TD></TR></TABLE></DIV>
<DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Name:&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Joshua Peck</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice President</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> E<SMALL>XCHANGE</SMALL>
A<SMALL>GREEMENT</SMALL> </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"><B>TAO SPECTRE, LLC</B></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Joshua Peck</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Name:&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Joshua Peck</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice President</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TOP III SPECTRE, LLC</B></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Joshua Peck</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Joshua Peck</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice President</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> E<SMALL>XCHANGE</SMALL>
A<SMALL>GREEMENT</SMALL> </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TPG GROWTH III SPECTRE, L.P.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">By: TPG Growth III Cayman AIV GenPar, L.P.<BR>its general partner</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">By: TPG Growth III Cayman AIV GenPar Advisors, Inc.<BR>its general partner</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Michael LaGatta</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Michael LaGatta</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice President</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> E<SMALL>XCHANGE</SMALL>
A<SMALL>GREEMENT</SMALL> </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TPG GROWTH SPECTRE <FONT STYLE="white-space:nowrap">CO-INVEST,</FONT> L.P.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">By: TPG Growth III Advisors, Inc.<BR>its general partner</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Michael LaGatta</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Michael LaGatta</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Vice President</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> E<SMALL>XCHANGE</SMALL>
A<SMALL>GREEMENT</SMALL> </B></P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>TPG OPPORTUNITIES PARTNERS FUND III<BR>LTD</B></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Joshua Peck</P>
<P STYLE="font-size:0pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name: &nbsp;Joshua Peck</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title: &nbsp;&nbsp;&nbsp;Vice President</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>SCHEDULE A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Noteholder: </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jurisdiction of Organization: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Original Principal Amount of Notes Held: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accrued Interest on
the Notes to the most recent PIK Interest Payment Due Date (October 1, 2017): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Outstanding Principal Balance of Notes Held: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accrued Interest on and after the most recent PIK Interest Payment Due Date (October 1, 2017) up to and including December 15, 2017: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Note Obligations Amount Held: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Note Obligations Amount Subject
to Exchange (Amount of Exchanged Notes): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Aggregate Principal Amount of New Notes Received by the Noteholder after the Exchange: <SUP
STYLE="font-size:85%; vertical-align:top">*</SUP> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Number of Exchange Shares to be Issued: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Address of Noteholder for Notices: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">Assumes Closing Date will be December 15, 2017 (the &#147;<U>Assumed Closing Date</U>&#148;). In the event the Closing Date occurs after the Assumed Closing Date, the aggregate principal amount of New Notes received by
the Noteholder after the Exchange will be increased by the amount of any interest accrued in accordance with the terms of the Notes on and after the day immediately following the Assumed Closing Date up to and including the Closing Date. In the
event the Closing Date occurs before the Assumed Closing Date, the aggregate principal amount of New Notes received by the Noteholder after the Exchange will be decreased by the amount of any interest accrued in accordance with the terms of the
Notes on and after the day immediately following the Closing Date up to and including the Assumed Closing Date. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Closing Conditions under TME Subscription Agreement </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">None of the conditions is satisfied as of the date of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Conditions to Obligations of Each Party</B>. The respective obligations of each Party to consummate the TME Shares Issuance and the Spotify Shares Issuance
shall be subject to the satisfaction or waiver (to the extent permitted by applicable Law) by each Party, at or prior to the Closing, of each of the following conditions: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) No Governmental Body shall have enacted, issued, promulgated, enforced or entered any Law which is then in effect (whether temporary,
preliminary or permanent) and has the effect of enjoining, restraining, prohibiting or otherwise making the consummation of the transactions contemplated by this Agreement illegal (an &#147;<U>Injunction</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) The Required Shareholder Approval shall have been obtained. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) The Restated Articles shall have been duly adopted by TME and shall be in full force and effect as of the Closing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) The Shareholders Agreement shall have been duly executed and delivered by the Required Shareholders and shall be in full force and effect
as of the Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Conditions to Obligations of the TME Parties</B>. The obligations of the TME Parties to consummate the TME Shares Issuance and the
Spotify Shares Issuance shall be subject to the satisfaction or, to the extent permitted by applicable Law, waiver by TME, at or prior to the Closing, of each of the following additional conditions: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) The representations and warranties of Spotify contained in Section&nbsp;4.01, Section&nbsp;4.02, Section&nbsp;4.03(a),
Section&nbsp;4.03(f), Section&nbsp;4.03(g), Section&nbsp;4.03(h), Section 4.05(c) and Section&nbsp;4.18 shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date (except for such representations and
warranties set forth therein that expressly speak as of a specified date, in which case such representations and warranties shall be true and correct in all respects as of such specified date), and (ii)&nbsp;the other representations and warranties
of Spotify contained in Article IV (A)&nbsp;that are qualified by materiality, Spotify Material Adverse Effect or similar materiality qualification contained therein shall be true and correct in all respects, and (B) that are not qualified by
materiality, Spotify Material Adverse Effect or similar materiality qualification contained therein, shall be true and correct in all material respects, in each case of clauses (A)&nbsp;and (B), as of the date of this Agreement and as of the Closing
Date (except for such representations and warranties set forth therein that expressly speak as of a specified date, in which case such representations and warranties shall be, in the case of clause (A), true and correct in all respects and, in the
case of clause (B), true and correct in all material respects, in each case as of such specified date). TME shall have received a certificate, dated as of the Closing Date, signed by an authorized representative of Spotify to the foregoing effect.
</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) The Spotify Parties shall have performed and complied in
all material respects with all agreements, covenants and obligations contained in this Agreement that are required to be performed or complied with by them at or prior to the Closing. TME shall have received a certificate, dated as of the Closing
Date, signed by an authorized representative of Spotify to the foregoing effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Conditions to Obligations of the Spotify Parties</B>. The obligations
of the Spotify Parties to consummate the TME Shares Issuance and the Spotify Shares Issuance shall be subject to the satisfaction or, to the extent permitted by applicable Law, waiver by Spotify, at or prior to the Closing, of each of the following
additional conditions: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) The representations and warranties of TME contained in Section&nbsp;3.01, Section 3.02, Section&nbsp;3.03(a),
Section&nbsp;3.03(f), Section&nbsp;3.03(g), Section&nbsp;3.03(h), Section&nbsp;3.06(e) and Section&nbsp;3.19 shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date (except for such representations and
warranties set forth therein that expressly speak as of a specified date, in which case such representations and warranties shall be true and correct in all respects as of such specified date), and (ii)&nbsp;the other representations and warranties
of TME contained in Article III (A)&nbsp;that are qualified by materiality, TME Material Adverse Effect or similar materiality qualification contained therein shall be true and correct in all respects, and (B)&nbsp;that are not qualified by
materiality, TME Material Adverse Effect or similar materiality qualification contained therein shall be true and correct in all material respects, in each case of clauses (A)&nbsp;and (B), as of the date of this Agreement and as of the Closing Date
(except for such representations and warranties set forth therein that expressly speak as of a specified date, in which case such representations and warranties shall be, in the case of clause (A), true and correct in all respects and, in the case
of clause (B), true and correct in all material respects, in each case as of such specified date). Spotify shall have received a certificate, dated as of the Closing Date, signed by an authorized representative of TME to the foregoing effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) The TME Parties shall have performed and complied in all material respects with all agreements, covenants and obligations contained in
this Agreement that are required to be performed or complied with by them at or prior to the Closing. Spotify shall have received a certificate, dated as of the Closing Date, signed by an authorized representative of TME to the foregoing effect.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Relevant Definitions: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
SUBSCRIPTION AGREEMENT (this &#147;<U>Agreement</U>&#148;) is made as of November [&#9679;], 2017, by and among Tencent Music Entertainment Group, an exempted company with limited liability incorporated under the laws of the Cayman Islands
(&#147;<U>TME</U>&#148;), Tencent Music Entertainment Hong Kong Limited, a company incorporated under the laws of Hong Kong and a wholly-owned Subsidiary of TME (&#147;<U>TME Hong Kong</U>&#148; and, together with TME, the &#147;<U>TME
Parties</U>&#148;), Spotify Technology S.A., a public limited company (soci&eacute;t&eacute; anonyme) incorporated under the laws of Luxembourg, having its registered office at <FONT STYLE="white-space:nowrap">42-44</FONT> avenue de la Gare, <FONT
STYLE="white-space:nowrap">L-1610</FONT> Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B 123 052 (&#147;<U>Spotify</U>&#148;), </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">and Spotify AB, a corporation incorporated under the laws of Sweden and a
wholly- owned Subsidiary of Spotify (&#147;<U>Spotify AB</U>&#148; and, together with Spotify, the &#147;<U>Spotify</U> <U>Parties</U>&#148;). Each of the TME Parties and the Spotify Parties is sometimes referred to herein, individually, as a
&#147;<U>Party</U>&#148; and, collectively with the other Parties, as the &#147;<U>Parties</U>.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Required Shareholder
Approval</U>&#148; shall mean (i)&nbsp;the approval (by vote or written consent) of this Agreement and the transactions contemplated hereby by the holders of at least sixty-six and seven-tenths percent (66.7%) of the issued and outstanding TME
Shares and (ii)&nbsp;the adoption of the Restated Articles by special resolution in accordance with the Governing Documents of TME. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Required Shareholders</U>&#148; shall mean the holders of at least seventy-five percent (75%) of the issued and outstanding TME
Shares (which holders must include Min River Investment Limited). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Restated Articles</U>&#148; shall mean the Third Amended and
Restated Memorandum and Articles of Association of TME, substantially in the form attached hereto as <U>Exhibit C</U>, to be adopted by the shareholders of TME on or prior to the Closing Date (it being understood and agreed that the Restated
Articles adopted by the shareholders of TME can be different from the form of <U>Exhibit C</U> attached hereto so long as such changes do not adversely affect the rights and obligations of any Spotify Party relative to the Restated Articles in the
form of <U>Exhibit C</U> attached hereto or under the Other Transaction Agreements). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Securities Act</U>&#148; shall mean the
U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Shareholders Agreement</U>&#148;
shall mean the Second Amended and Restated Shareholders Agreement, substantially in the form attached hereto as Exhibit D, to be entered into by TME and the other parties thereto on or prior to the Closing Date (it being understood and agreed that
the Shareholders Agreement entered into by TME and the other parties can be different from the form of <U>Exhibit D</U> attached hereto so long as such changes do not adversely affect the rights and obligations of any Spotify Party relative to the
Shareholders Agreement in the form of <U>Exhibit D</U> attached hereto or under the Other Transaction Agreements). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The issuance by TME,
and the subscription by Spotify AB, of the Acquired TME Shares pursuant to this Section&nbsp;2.01 shall be referred to herein as the &#147;<U>TME Shares Issuance</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The issuance by Spotify, and the subscription by TME Hong Kong, of the Acquired Spotify Shares pursuant to this Section&nbsp;2.02 shall be
referred to herein as the &#147;<U>Spotify Shares Issuance</U>.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>6
<FILENAME>filename6.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.22</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.22 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION VERSION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXCHANGE
AGREEMENT </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Exchange Agreement (this &#147;<U>Agreement</U>&#148;) is made and entered into as of December 27th, 2017 by and
among Spotify Technology S.A., a limited liability company (<I>soci&eacute;t&eacute; anonyme</I>) incorporated under the laws of Luxembourg (the &#147;<U>Company</U>&#148;), and the entities listed on the schedules &#147;A&#148; attached to this
Agreement (collectively, &#147;<U>Schedule A</U>&#148;; the <U>Schedule A</U> pertaining to each individual Noteholder is referred to herein as the &#147;<U>applicable Schedule A</U>&#148;) (the &#147;<U>Noteholders</U>&#148;). The Company and the
Noteholders are sometimes collectively referred to in this Agreement as the &#147;<U>Parties</U>&#148; and individually as a &#147;<U>Party</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, each Noteholder currently is the record and beneficial owner of Convertible Senior Notes due April&nbsp;1, 2021 issued by the Company
pursuant to that certain Note Purchase Agreement, dated March&nbsp;26, 2016, and identified on such Noteholder&#146;s applicable <U>Schedule A</U> (the &#147;<U>Notes</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, each Noteholder wishes to exchange all of such Noteholder&#146;s Notes (the &#147;<U>Exchanged Notes</U>&#148;) for the number of
ordinary shares of the Company&#146;s common stock, par value &#128;0.025 per ordinary share (the &#147;<U>Common Stock</U>&#148;), set forth on such Noteholder&#146;s applicable <U>Schedule A</U> (the aggregate amount of such Common Stock of such
Noteholder being referred to in this Agreement as the &#147;Exchange Shares&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company wishes to issue the Exchange
Shares to the Noteholders in exchange for the Exchanged Notes upon the terms and conditions set forth in this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE,
in consideration of the mutual covenants, agreements and understandings herein contained, the Parties agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 1.
<U>Exchanges of Notes</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.1 <U>The Exchanges</U>. On and subject to the terms and conditions set forth in this Agreement, on the
Closing Date (as defined below), each Noteholder will deliver all of such Noteholder&#146;s Notes as referred to on such Noteholder&#146;s applicable <U>Schedule A</U> to the Company and the Company will immediately cancel such Exchanged Notes and,
in exchange and as full consideration for such Exchanged Notes, issue to such Noteholder the Exchange Shares as referenced on such Noteholder&#146;s applicable Schedule A (the &#147;<U>Transactions</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.2 <U>Closing</U>. The closing of the transactions contemplated by this Agreement (the &#147;<U>Closing</U>&#148;) will take place on
December&nbsp;29, 2017 New York time, or such other date, if any, as is mutually agreed to by the Parties (the &#147;<U>Closing Date</U>&#148;) at the offices of Latham&nbsp;&amp; Watkins LLP, 885 Third Avenue, New York, New York 10022. On the
Closing Date: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) each Noteholder will deliver to the Company such Noteholder&#146;s cancelled Notes; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) upon delivery of such Notes, the Company will deliver to such Noteholder the applicable Exchange Shares via book-entry; and </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) if, and only if, the box next to &#147;New Shareholder
Agreement&#148; is checked on such Noteholder&#146;s applicable Schedule A, such Noteholder and the Company will each execute a shareholder agreement, dated the Closing Date, in the form attached as Exhibit A hereto (the &#147;<U>Shareholder
Agreement</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 2. <U>Representations and Warranties of the Company</U>. The Company represents and warrants to each
Noteholder that the following statements are true and correct: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.1 <U>Organization; Requisite Authority</U>. The Company is a corporation
duly organized and validly existing under the laws of Luxembourg. The Company possesses all requisite power and authority necessary to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.2 <U>Authorization</U>. The execution, delivery and performance of this Agreement and the consummation of the Transactions have been duly
authorized by all necessary company action on the part of the Company, and no other company action on the part of the Company is required to authorize its execution, delivery and performance hereof, or its consummation of the Transactions. This
Agreement has been duly executed and delivered by the Company and, assuming that this Agreement is a valid and binding obligation of each of the other Parties hereto, constitutes the legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except to the extent enforcement may be subject to (i)&nbsp;applicable bankruptcy (<I>faillite</I>), insolvency (<I>liquidation volontaire ou judiciaire</I>), fraudulent conveyance, reorganization,
moratorium (<I>sursis de paiement</I>) and other similar Laws affecting enforcement of creditors&#146; rights generally and (ii)&nbsp;equitable limitations on the availability of specific remedies (whether considered in a proceeding in equity or at
Law). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.3 <U>No Violation, Consents and Approvals</U>. (a)&nbsp;The execution and delivery of this Agreement by the Company does not, and
the performance of this Agreement by the Company and the consummation of the Transactions will not, (i)&nbsp;conflict with or violate the organizational documents of the Company, (ii)&nbsp;conflict with or violate any laws applicable to the Company
or by or to which any of its properties or assets are bound or subject, or (iii)&nbsp;result in any breach of, constitute a default (or an event that with notice or lapse of time or both would constitute a material default) under, or give to others
any right of termination, amendment, acceleration or cancellation of, or require payment under, or result in the creation of a Lien on any of the material properties or assets of the Company under, any material bond, note, mortgage, deed of trust,
lease, commitment, obligation, understanding, arrangement, indenture, other evidence of indebtedness, guarantee, license, agreement or other contract or instrument (&#147;Contract&#148;) to which the Company is a party or by or to which the Company
or any of its properties or assets are bound or subject, in each case that would, individually or in the aggregate, reasonably be expected to materially impair the Company&#146;s ability to perform its obligations hereunder or to consummate the
Transactions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Assuming the representations and warranties of each Noteholder set forth in Section&nbsp;3.2 and Section&nbsp;3.3 are
true and correct, the execution and delivery of this Agreement by the Company does not, and the performance by the Company of this Agreement and the consummation of the Transactions will not, require the Company to make any filing with, obtain any
permit, authorization, consent or approval of, or given any notice to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(&#147;<U>Consents</U>&#148;), any court, tribunal, legislative, executive or
regulatory authority or agency (a &#147;<U>Governmental Authority</U>&#148;), or any third party except for (i)&nbsp;such consents, approvals or notices which would not, individually or in the aggregate, reasonably be expected to materially impair
the Company&#146;s ability to perform its obligations hereunder or to consummate the Transactions and (ii)&nbsp;such consents, approvals or notices which have been or will be obtained prior to the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.4 <U>Validity of Shares</U>. When issued and delivered in accordance with this Agreement, the Exchange Shares to be delivered under this
Agreement (i)&nbsp;will have been duly authorized by all necessary corporate action of the Company and will be validly issued, fully paid and nonassessable, (ii)&nbsp;assuming the accuracy of the representations and warranties of each Noteholder in
Section&nbsp;3 below, be freely tradeable and not subject to any transfer restrictions, and (iii)&nbsp;and upon the occurrence of the Closing hereunder, each Noteholder shall acquire sole beneficial ownership of the applicable Exchange Shares as set
forth on such Noteholder&#146;s applicable <U>Schedule A</U>, free and clear of all Liens. The Exchange Shares are being exchanged for the Exchanged Notes pursuant to, and in compliance with, Section&nbsp;4(a)(2) of the Securities Act of 1933, as
amended (the &#147;<U>Securities Act</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.5 <U>Broker&#146;s Fees</U>. The Company has not entered into any agreement or
arrangement entitling any agent, broker, investment banker, financial advisor or other firm or Person to any brokers&#146; or finders&#146; fee or any other commission or similar fee in connection with any of the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 3. <U>Representations and Warranties of each Noteholder</U>. Each Noteholder, severally and not jointly, represents and warrants to
the Company that the following statements are true and correct: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.1 <U>Organization</U>. Such Noteholder is an entity duly formed, validly
existing and in good standing under the laws of jurisdiction of organization, and has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.2 <U>Authorization</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a)
The execution, delivery and performance of this Agreement and, if applicable, the Shareholder Agreement, and the consummation of the Transactions, have been duly authorized by all necessary corporate action on the part of such Noteholder, and no
other limited partnership action on the part of such Noteholder is required to authorize its execution, delivery and performance hereof, and the consummation of the Transactions. This Agreement has been, and, if applicable, the Shareholder Agreement
will be, duly executed and delivered by such Noteholder and, assuming that this Agreement and, if applicable, the Shareholder Agreement are each a valid and binding obligation of each of the other parties hereto, constitutes, or, if applicable, in
the case of the Shareholder Agreement, will constitute, the legal, valid and binding obligation of such Noteholder, enforceable against such Noteholder in accordance with its terms, except to the extent enforcement may be subject to
(a)&nbsp;applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws affecting enforcement of creditors&#146; rights generally and (b)&nbsp;equitable limitations on the availability of specific
remedies (whether considered in a proceeding in equity or at Law). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.3 <U>No Violation, Consents and Approvals</U>. (a)&nbsp;The
execution and delivery of this Agreement and, if applicable, the Shareholder Agreement by such Noteholder does not, and the performance of this Agreement and, if applicable, the Shareholder Agreement by such Noteholder and the consummation of the
Transactions will not, (i)&nbsp;conflict with or violate the organizational documents of such Noteholder, (ii)&nbsp;conflict with or violate any Laws applicable to such Noteholder or by or to which any of its properties or assets are bound or
subject, or (iii)&nbsp;result in any breach of, constitute a default (or an event that with notice or lapse of time or both would constitute a material default) under, or give to others any right of termination, amendment, acceleration or
cancellation of, or require payment under, or result in the creation of a Lien on any of the material properties or assets of such Noteholder under, any material Contract to which such Noteholder is a party or by or to which such Noteholder or any
of its properties or assets are bound or subject, in each case that would materially impair such Noteholder&#146;s ability to perform its obligations hereunder or to consummate the Transactions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Assuming the representations and warranties of the Company set forth in Section&nbsp;2.2 and Section&nbsp;2.3 are true and correct, the
execution and delivery of this Agreement and, if applicable, the Shareholder Agreement by such Noteholder does not, and the performance by such Noteholder of this Agreement and, if applicable, the Shareholder Agreement and the consummation of the
Transactions will not, require such Noteholder to obtain any Consents from any Governmental Authority or any third party </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.4
<U>Ownership</U>. Such Noteholder is the record and beneficial owner of the aggregate principal amount of the Notes as set forth on such Noteholder&#146;s applicable Schedule A, and has good and valid title to such aggregate principal amount of the
Notes, free and clear of all Liens. At the Closing, such Noteholder will transfer to the Company good and valid title to the Notes as set forth on such Noteholder&#146;s applicable Schedule A, free and clear of all Liens (other than Liens created by
or resulting from action of the Company). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.5 <U>Nature of Investment</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(a) Such Noteholder is an &#147;accredited investor&#148; as defined in Rule 501(a) under the Securities Act of 1933, as amended, and the
rules and regulations promulgated thereunder (the &#147;<U>Securities Act</U>&#148;). Such Noteholder, either alone or together with its representatives, have such knowledge, sophistication and experience in business and financial matters so as to
be capable of evaluating the merits and risks of the investment in the Exchange Shares and have so evaluated the merits and risks of such investment. Such Noteholder is able to bear the economic risk of an investment in the Exchange Shares and, at
the present time, is able to afford a complete loss of such investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(b) Such Noteholder is not an &#147;affiliate&#148; of the
Company (as such term is defined under Rule 144(a)(1) of the Securities Act) and has not been for the past 90 days. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(c) Such Noteholder
is not purchasing the Exchange Shares as a result of any advertisement, article, notice or other communication regarding the Exchange Shares published in any newspaper, magazine or similar media or broadcast over television or radio or presented at
any seminar or any other general solicitation or general advertisement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(d) Such Noteholder understands and acknowledges that
(i)&nbsp;the Exchange Shares are being offered and sold without registration under the Securities Act in a private placement that is exempt from the registration provisions of the Securities Act, (ii)&nbsp;the availability of such exemption depends
in part on, and the Company will rely upon the accuracy and truthfulness of, the foregoing representations and such Noteholder hereby consents to such reliance, and (iii)&nbsp;the Exchange Shares are &#147;restricted securities&#148; for purposes of
the Securities Act and rules thereunder and may not be resold without registration under the Securities Act or an exemption therefrom, and the certificates representing such shares will bear a restrictive legend to such effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">3.6 <U>Broker&#146;s Fees</U>. Neither such Noteholder nor any of its officers or directors or persons serving in a similar capacity has
retained or authorized any investment banker, broker, finder or other intermediary to act on behalf of such Noteholder or incurred any liability for any banker&#146;s, broker&#146;s or finder&#146;s fees or commissions in connection with the
Transactions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 4. <U>Conditions Precedent to the Company&#146;s Obligations</U>. The obligation of the Company to consummate the
Transactions is subject to the satisfaction at or prior to the Closing of the following conditions (unless waived by the Company): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.1
<U>Representations and Warranties</U>. The representations and warranties of each Noteholder contained in Section&nbsp;3 that are qualified as to materiality shall be true and correct in all respects, and such representations and warranties that are
not so qualified shall be true and correct in all material respects, in each case, as of the date when made and at and as of the Closing Date, as though such representations and warranties were made at and as of such date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.2 <U>Performance</U>. Each Noteholder shall have performed and complied with, in all material respects, all covenants and agreements
required by this Agreement to be performed or complied with by such Noteholder on or prior to the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.3 <U>Tax
Information</U>. Each Noteholder will provide the Company two duly completed Internal Revenue Service Form <FONT STYLE="white-space:nowrap">W-9</FONT> or appropriate Internal Revenue Service Form <FONT STYLE="white-space:nowrap">W-8,</FONT> as
applicable, together with any required attachments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.4 <U>Shareholder Agreement</U>. If applicable, the Shareholder Agreement shall have
been duly executed and delivered by a duly authorized signatory on behalf of such Noteholder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.5 <U>Officer&#146;s Certificate</U>. Each
Noteholder shall have furnished or caused to be furnished to the Company at the Closing Date a certificate of a duly authorized representative of such Noteholder reasonably satisfactory to the Company as to the matters set forth in Sections 4.1 and
4.2. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 5. Conditions Precedent to each Noteholder&#146;s
Obligations. The obligation of each Noteholder to consummate the Transactions is subject to the satisfaction at or prior to the Closing of the following conditions (unless waived by such Noteholder): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.1 <U>Representations and Warranties</U>. The representations and warranties of the Company contained in Section&nbsp;2 that are qualified as
to materiality shall be true and correct in all respects, and such representations and warranties that are not so qualified shall be true and correct in all material respects, in each case, as of the date when made and at and as of the Closing Date,
as though such representations and warranties were made at and as of such date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.2 <U>Performance</U>. The Company shall have performed
and complied with, in all material respects, all covenants and agreements required by this Agreement to be performed or complied with by the Company on or prior to the Closing Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.3 <U>Officer&#146;s Certificate</U>. The Company shall have furnished or caused to be furnished to each Noteholder at the Closing Date a
certificate of a duly authorized representative of the Company reasonably satisfactory to such Noteholder as to the matters set forth in Sections 5.1 and 5.2. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 6. <U>Termination</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.1 <U>Termination</U>. As to each Noteholder, this Agreement may be terminated and the Transactions may be abandoned at any time prior to the
Closing by mutual written agreement of the Company and such Noteholder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">6.2 <U>Effect of Termination</U>. In the event of the termination
of this Agreement in accordance with Section&nbsp;6.1 hereof, this Agreement shall thereafter become void and have no effect and the Transactions shall be abandoned, and no Party hereto shall have any liability to the other Party hereto or their
respective affiliates, directors, officers or employees, except for the obligations of the Parties hereto contained in this Section&nbsp;6.2 and the provisions of Section&nbsp;7.6, 7.12, 7.13, 7.14, 7.15 and 7.16 and except that nothing herein will
limit or restrict the rights or remedies of any Party hereto against the other Parties for any willful and material breach of this Agreement arising prior to termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION 7. <U>Miscellaneous</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.1 <U>Shareholder Register</U>. Following the Closing, the Company covenants and agrees to deliver to each Noteholder, upon written request,
an excerpt from the shareholders&#146; register of the Company evidencing the registration of such Noteholder&#146;s ownership of the Exchange Shares, duly certified by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.2 <U>Reasonable Best Efforts</U>. Upon the terms and subject to the conditions of this Agreement, each of the Parties agree to use
reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws to consummate and make effective the Transactions as promptly as practicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.3 <U>Further Assurances</U>. In case at any time after the Closing any further action is necessary to carry out the purposes of this
Agreement or the Transactions, each of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Parties agree to use reasonable best efforts to take, or cause to be taken, all
actions, and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws to consummate and make effective the Transactions as promptly as practicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.4 <U>Severability</U>. If any provision of this Agreement shall be held invalid, illegal or unenforceable, the validity, legality or
enforceability of the other provisions hereof shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar as possible to the provision at issue. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.5 <U>Counterparts</U>. This Agreement may be executed in one or more counterparts (including by means of
<FONT STYLE="white-space:nowrap">e-mail),</FONT> each of which shall be deemed an original, and all of which shall constitute one and the same agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.6 <U>Descriptive Headings; Interpretation</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The heading references herein and in the table of contents hereto are for convenience purposes only, do not constitute a part of this
Agreement and shall not be deemed to limit or affect any of the provisions hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Any capitalized terms used in <U>Schedule A</U>
attached hereto and not otherwise defined therein shall have the meanings set forth in this Agreement and if not defined in this Agreement, the Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The term &#147;<U>dollars</U>&#148; and character &#147;<B>$</B>&#148; shall mean United States dollars. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) The words &#147;<U>hereof</U>&#148;, &#147;<U>herein</U>&#148;, &#147;<U>hereto</U>&#148; and &#147;<U>hereunder</U>&#148; and words of
similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) The word &#147;<U>including</U>&#148; shall mean including, without limitation, and the words &#147;<U>include</U>&#148; and
&#147;<U>includes</U>&#148; shall have corresponding meanings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) &#147;<U>Laws</U>&#148; means any federal, state, local, foreign or
transnational law, statute, ordinance, rule, regulation, order, judgment or decree, administrative order or decree, administrative or judicial decision, and any other executive or legislative proclamation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) &#147;<U>Liens</U>&#148; means all liens, charges, security interests, options, claims, mortgages, pledges, proxies, voting trusts or
other adverse interests or restrictions on title or transfer, other than, in the case of the Shares, (i)&nbsp;any of the foregoing arising out of the articles of association of the Company and (ii)&nbsp;any restrictions on transfer arising out of
applicable securities Laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) &#147;<U>Person</U>&#148; shall mean a natural person, partnership, corporation, limited liability
company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity or organization. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) The terms defined in the singular shall have a comparable meaning when used in the plural, and vice versa. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) The Parties intend that each representation, warranty and
covenant contained herein shall have independent significance. If any Party has breached any representation, warranty or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to
the same subject matter (regardless of the relative levels of specificity) the Party has not breached shall not detract from or mitigate the fact that the Party is in breach of the first representation, warranty or covenant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.7 <U>Entire Agreement</U>. This Agreement (including the Schedules and Exhibit hereto) contains the entire agreement among the Parties
hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect to such matters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.8 <U>Parties in Interest</U>. This Agreement shall inure to the benefit of and be binding upon the Parties hereto and their respective
successors and permitted assigns. Nothing in this Agreement, express or implied, is intended to confer upon any Person other than the Company and the Noteholders, or their respective successors or permitted assigns, any rights or remedies under or
by reason of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.9 <U>Extension; Amendment; Waiver</U>. At any time prior to the Closing Date, the Parties (in the case of
the Noteholders, acting jointly) may extend the time for performance of any of the obligations or other acts of the other Parties. Neither this Agreement nor any provision hereof may be amended or waived other than by a written instrument (including
a writing evidenced by <FONT STYLE="white-space:nowrap">e-mail)</FONT> signed, in the case of an amendment, by all of the Parties hereto, or in the case of a waiver, by the Party against whom the waiver is to be effective. No failure or delay by any
Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.10 <U>Time of Essence</U>. Each of the Parties hereto hereby agrees that, with regard to all dates and time periods set forth in this
Agreement, time is of the essence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.11 <U>Assignment</U>. No Party to this Agreement may assign any of its rights or obligations under
this Agreement without the prior written consent of the other Parties hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.12 <U>Expenses</U>. Whether or not the Transactions are
consummated, all costs and expenses incurred in connection with this Agreement and the Transactions shall be borne by the Party incurring such expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.13 <U>Governing Law</U>. This Agreement shall be governed by the Laws of the State of New York. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.14 <U>WAIVER OF JURY TRIAL</U>. EACH OF THE PARTIES HEREBY WAVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO
A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS. EACH PARTY (A)&nbsp;CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B)&nbsp;ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.14. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.15 <U>Consent to Jurisdiction</U><I>. </I>The Parties hereby submit to the exclusive jurisdiction of the state and federal courts sitting in
the Borough of Manhattan in New York City for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby waives, and agrees not to assert in any suit, action or
proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then such
provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.16 <U>Notices</U>. All notices, demands or other communications
hereunder shall be deemed to have been duly given and made if in writing and if served by personal delivery upon the Party for whom it is intended, if delivered by registered or certified mail, return receipt requested, or by a national courier
service, or if sent by facsimile (with receipt of confirmation of delivery) or delivered via <FONT STYLE="white-space:nowrap">e-mail,</FONT> to the person at the address set forth below, or such other address as may be designated in writing
hereafter, in the same manner, by such person: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Spotify Technology S.A. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">42-44</FONT> Avenue de la Gare </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">L-1610</FONT> Luxembourg </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: General Counsel </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">With a copy to (which
shall not constitute notice): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Spotify AB </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Birger Jarlsgatan 61, 4TR, 113 56 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Stockholm, Sweden </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention:
General Counsel </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Latham&nbsp;&amp; Watkins LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">885 Third Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">New York, New
York 10022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attn: Greg Rodgers </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax: (212) <FONT STYLE="white-space:nowrap">751-4864</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Noteholders: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">To the address or addresses set forth </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">on such Noteholder&#146;s applicable <U>Schedule A</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any such notification shall be deemed delivered (i)&nbsp;upon receipt, if delivered personally, (ii) on the next business day, if sent by
national courier service for next business day delivery or (iii) the business day on which confirmation of delivery is received, if sent by facsimile or via e-mail. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.17 <U>No Construction Against Draftsperson</U>. The Parties have participated jointly in the negotiation and drafting of this Agreement. In
the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the
authorship of any of the provisions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.18 <U>Releases</U>. Each Noteholder releases and discharges the Company and its
affiliates, and each of their respective directors, officers, employees, agents and controlling persons, from any and all claims such Noteholder may have, now or in the future, arising out of or related to the Exchanged Notes exchanged pursuant to
this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.19 <U>Purchase Agreement</U>. Each Noteholder agrees not to agree to any waiver or amendment to the Purchase Agreement
without the prior written consent of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.20 <U>Specific Performance</U>. The Parties recognize, acknowledge and agree that the
breach or violation of this Agreement by a Party would cause irreparable damage to the other Party or Parties and that none of the Parties has an adequate remedy at Law. Each Party shall therefore be entitled, in addition to any other remedies that
may be available, to obtain specific performance of the terms of this Agreement, and appropriate injunctive relief may be applied for and granted in connection therewith. A Party seeking an order or injunction to prevent breaches of this Agreement
or to enforce specifically the terms and provisions hereof shall not be required to provide, furnish or post any bond or other security in connection with or as a condition to obtaining any such order or injunction, and each Party hereby irrevocably
waives any right it may have to require the provision, furnishing or posting of any such bond or other security. If any action is brought by any Party to enforce this Agreement, the other Parties shall waive the defense that there is an adequate
remedy at Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.21 <U>Confidentiality</U>. The Parties agree that the terms of this Agreement may not be disclosed or referred to
publicly or to any third party, except (i)&nbsp;in accordance with the prior written consent of the other Parties (which shall not be unreasonably withheld or delayed); (ii) as such disclosure may be required law, court order, order of any
administrative agency or regulation; (iii)&nbsp;to such Party&#146;s outside law firms, accounting firms and other agents; and (iv)&nbsp;in communications with other holders of the Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Signatures on next page) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Peter Grandelius </TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;Peter Grandelius</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;Associate General Counsel</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">NOTEHOLDERS:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>HADLEY HARBOR MASTER INVESTORS (CAYMAN) L.P.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">By: Wellington Management Company LLP, as investment adviser</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ John Bruno</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;John Bruno</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;Senior Managing Director and Counsel</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Name:</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Title:</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:10pt">NOTEHOLDERS:</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NAYA MASTER FUND LP</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">BY NAYA
CAPITAL MANAGEMENT UK LIMITED</P></TD></TR></TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ IAN WYLIE</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">IAN WYLIE</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CHIEF OPERATING OFFICER</TD></TR></TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ HARTEJ JAGDEV</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">HARTEJ JAGDEV</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">HEAD OF OPERATIONS</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NAYA 1740 FUND LTD</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">BY NAYA
CAPITAL MANAGEMENT UK LIMITED</P></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ IAN WYLIE</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">IAN WYLIE</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CHIEF OPERATING OFFICER</TD></TR></TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ HARTEJ JAGDEV</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">HARTEJ JAGDEV</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">HEAD OF OPERATIONS</TD></TR></TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="99%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>QUANTUM PARTNERS LP</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">BY NAYA
CAPITAL MANAGEMENT UK LIMITED</P></TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ IAN WYLIE</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">IAN WYLIE</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CHIEF OPERATING OFFICER</TD></TR></TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ HARTEJ JAGDEV</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">HARTEJ JAGDEV</TD></TR></TABLE></DIV> <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="45%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">HEAD OF OPERATIONS</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this
Exchange Agreement as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>SPOTIFY TECHNOLOGY S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">NOTEHOLDERS:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>AMF PENSIONSF&Ouml;RS&Auml;KRING AB</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">By: /s/ Anders Oscarsson</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name: Anders Oscarsson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title: Head of Equities</TD></TR>
</TABLE></DIV>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>SCHEDULE A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Noteholder:</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jurisdiction of Organization: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(1) Original Principal Amount of Notes Held: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(2) Accrued
Interest on the Notes to the most recent PIK Interest Payment Due Date (October 1, 2017): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(3) Outstanding Principal Balance of Notes Held: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(4) Accrued Interest on and after the most recent PIK Interest Payment Due Date (October 1, 2017) up to and excluding the Closing Date: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(5) Note Obligations Amount Held: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(6) Number of Exchange Shares
to be Issued: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Address of Noteholder for Notices: </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit A </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Shareholder Agreement </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman"><B>SHAREHOLDER AGREEMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman">Subject to any adherence pursuant to Section&nbsp;2.3, this shareholder agreement (this &#147;<B>Agreement</B>&#148;) is dated
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> and made between: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman"><B>SPOTIFY TECHNOLOGY S.A.</B>, a <I>soci&eacute;t&eacute; anonyme </I>incorporated under the laws of Luxembourg, with registered office at <FONT
STYLE="white-space:nowrap">42-44</FONT> Avenue De La Gare, <FONT STYLE="white-space:nowrap">L-1610</FONT> Luxembourg and registered with the Luxembourg Trade and Companies Register under number B 123 052 (the &#147;<B>Company</B>&#148;); and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman"><B>THE HOLDER</B>, whose name, Registration No., physical address and email address are set out at the end of this Agreement (the
&#147;<B>Holder</B>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman">The Company and the Holder are jointly referred to in this Agreement as the &#147;<B>Parties</B>,&#148; each a
&#147;<B>Party</B>.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman"><B>BACKGROUND </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">A.</TD>
<TD ALIGN="left" VALIGN="top">The Holder has acquired or will acquire Shares in the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">B.</TD>
<TD ALIGN="left" VALIGN="top">In this Agreement, the Parties wish to set forth certain of the Holder&#146;s rights and obligations as a holder of Shares in the Company. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>DEFINITIONS </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman">&#147;<B>Fair Market Value</B>&#148; means the fair market value of one or
several (as the case may be) Shares as agreed or determined pursuant to Section&nbsp;3. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman">&#147;<B>Listing</B>&#148; means the listing of
shares of the Company on an internationally recognized stock exchange or similar market place of recognized national standing (excluding, for the avoidance of doubt, private secondary markets or similar). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman">&#147;<B>Majority Shareholders</B>&#148; means the shareholders of the Company who from time to time are parties to such shareholders&#146;
agreement which, vis-a-vis other single shareholders&#146; agreements relating to Shares, covers the largest number of Shares (or, if several shareholders&#146; agreements cover the same number of Shares, the parties to all such agreements). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman">&#147;<B>Material Breach</B>&#148; means (i)&nbsp;a material breach of any of the Holder&#146;s obligations under Sections 2.1, 2.2, and 7.1,
and (ii)&nbsp;a breach of any other obligation under this Agreement if such breach is reasonably likely to have a material adverse effect on the Company and/or a Majority Shareholder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:10pt; font-family:Times New Roman">&#147;<B>Shares</B>&#148; means shares in the Company. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>TRANSFER OF SECURITIES, ETC. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.1</TD>
<TD ALIGN="left" VALIGN="top"><B>Drag-along right</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.1.1</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">In the event of a bona fide firm offer from an unaffiliated third party which, if consummated, would result in
such third party owning at least fifty (50)&nbsp;per cent of all Shares then outstanding (regardless of the form of transaction proposed in such offer), and </P></TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><U>provided</U> that the Majority Shareholders accept such offer (or the Company certifies that the Majority Shareholders are required to accept the offer pursuant to an agreement among the Majority Shareholders) (a
&#147;<B>Trade Sale</B>&#148;), the Holder hereby irrevocably agrees, on written request by the Company, to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">transfer the same pro rata share of its Shares, on a fully diluted basis, as the transferring Majority Shareholders on substantially the same terms and conditions; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">if a shareholder approval is required, vote (in person, by proxy or by action by written consent, as applicable) all his/her/its Shares in favour of, and adopt, such Trade Sale or any measures required for its execution
and consummation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">execute and deliver all related documentation and take such other action in support of the Trade Sale as shall reasonably be requested by the Company and/or any Majority Shareholder; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">refrain from exercising any dissenters&#146; rights, rights of appraisal or similar rights under applicable law at any time with respect to such Trade Sale; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">in the event that the sellers, in connection with such Trade Sale, appoint a shareholder representative with respect to matters affecting the shareholders under the applicable definitive transaction agreements pending
and following consummation of such Trade Sale, consent to: (i)&nbsp;the appointment of such shareholder representative, (ii)&nbsp;the establishment of any applicable escrow, expense or similar account in connection with any indemnification, purchase
price adjustment or similar obligations, and (iii)&nbsp;the payment of such shareholder&#146;s pro rata portion (from the applicable escrow or expense account or otherwise) of any and all reasonable fees and expenses to such shareholder
representative in connection with its services and duties in connection with such Trade Sale. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.1.2</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding the foregoing, Holder shall not be required to comply with Section&nbsp;2.1.1 in connection with any proposed Trade Sale unless: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">except as provided for in paragraph (b)&nbsp;below, the Holder shall not be liable for the inaccuracy of any representation or warranty made by any other person or entity in connection with such Trade Sale, other than
the Company; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the liability for indemnification, if any, of the Holder in such Trade Sale and for the inaccuracy of any representations and warranties made by the Company or its stockholders in connection with such Trade Sale, is
several and not joint with any other person or entity (except to the extent that funds may be deposited in and paid out of an escrow established to cover breach of representations and warranties), and is pro rata in proportion to, and does not
exceed, the amount of consideration paid to the Holder in connection with such Trade Sale; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">liability shall be limited to the Holder&#146;s applicable share of a negotiated aggregate indemnification amount that applies equally to all stockholders of the Company participating in such Trade Sale but that in no
event exceeds the amount of consideration otherwise payable to the Holder in connection with such Trade Sale, except with respect to claims related to fraud or wilful misconduct by the Holder, the liability for which need not be limited as to the
Holder; </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>provided</U> that Holder agrees to be responsible for any additional
reasonable costs incurred by the Company or a Majority Shareholder directly related to ensuring that such Trade Sale complies with the conditions set forth in this Section&nbsp;2.1.2. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.2</TD>
<TD ALIGN="left" VALIGN="top"><B><FONT STYLE="white-space:nowrap">Tag-along</FONT> right</B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In the event of a Trade Sale,
the Company shall use its reasonable best efforts to ensure that the Holder is given the opportunity to transfer the same pro rata share of its Shares, on a fully diluted basis, and on substantially the same terms and conditions as the transferring
Majority Shareholders. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.3</TD>
<TD ALIGN="left" VALIGN="top"><B>Adherence by an acquirer of Shares</B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Holder will not transfer any Shares without
causing the transferee to enter into an adherence to this Agreement, which shall be made pursuant to this Section&nbsp;2 and in substantially the form set out in <U>Schedule 1</U> (<I>Form of Adherence Notice</I>), of which form section 1 shall be
used by an acquirer being a private individual and section 2 shall be used by an acquirer being a legal entity. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FAIR MARKET VALUE </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.1</TD>
<TD ALIGN="left" VALIGN="top">The Company shall, on its own initiative or when so required under this Agreement make, a first written proposal of, and seek to agree with the Holder (or his/her estate, heirs, beneficiaries or spouse (whether former
or not), as the case may be) as to, the Fair Market Value of a Share. If no such agreement has been reached within thirty (30)&nbsp;calendar days from the first written proposal, the Holder (or his/her estate, heirs, beneficiaries or spouse (whether
former or not), as the case may be) may within the following ten (10)&nbsp;calendar days request in writing that the Fair Market Value be determined by a reputable third party valuation firm of good standing appointed by the Company (a
&#147;<B>Valuer</B>&#148;), in its sole discretion. The Fair Market Value shall be deemed finally determined as set out in the Company&#146;s last written proposal for Fair Market Value if no written request is made by the Holder (or his/her estate,
heirs, beneficiaries or spouse (whether former or not), as the case may be) in accordance with the foregoing. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.2</TD>
<TD ALIGN="left" VALIGN="top">If the Holder (or his/her estate, heirs, beneficiaries or spouse (whether former or not), as the case may be) has reasonably requested that the Fair Market Value shall be determined by a Valuer, the following shall
apply: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">If a Valuer has issued a Company valuation within three (3)&nbsp;months prior to the receipt of the Notice (an &#147;<B>Existing Valuation</B>&#148;), such Existing Valuation shall be used to determine the Fair Market
Value. Otherwise, the Company shall use reasonable efforts to procure that a Valuer is appointed within thirty (30)&nbsp;calendar days after the valuation request and that such Valuer delivers its valuation (a &#147;<B>New Valuation</B>&#148;)
within thirty (30)&nbsp;calendar days from being appointed. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">The result of the Existing Valuation or the New Valuation, as applicable, shall be furnished to the Holder (or his/her estate, heirs, beneficiaries or spouse (whether former or not), as the case may be) reasonably
promptly once available. The Fair Market Value shall be deemed finally determined when the Holder (or his/her estate, heirs, beneficiaries or spouse (whether former or not), as the case may be) receives such result and shall be final and binding on
the parties in the contemplated transfer in absence of manifest and material error or deviation from generally accepted market practice for such valuations in Sweden. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Any costs for a New Valuation shall be borne by the Company. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>LIQUIDATED DAMAGES IN CASE OF A MATERIAL BREACH ETC. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.1</TD>
<TD ALIGN="left" VALIGN="top">If the Holder commits a Material Breach of any of its obligations under this Agreement, or any agreement (including applicable terms and conditions and any other part of the agreement) governing his/her/its
participation in the Company&#146;s incentive programmes, and the Material Breach has not been rectified within fifteen (15)&nbsp;calendar days from the date when he/she/it received a written demand for rectification: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the Holder shall upon written request by the Company pay to it liquidated damages in an aggregated amount corresponding to twenty-five (25)&nbsp;per cent of the aggregate Fair Market Value of all Shares held by
him/her/it immediately prior to the breach, </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">and </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">the Company shall be entitled to acquire the Holder&#146;s Shares (or designate an Appointee to acquire the Holder&#146;s Shares), in which case the purchase price for the Shares shall be the lower of:
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the purchase price paid by the Holder upon acquiring Shares; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">the Fair Market Value; </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><U>provided</U> that the purchase price payable by the Company pursuant
to this paragraph (b)&nbsp;shall first be set off against any claim by the Company against the Holder under paragraph (a)&nbsp;and/or other claims as described in Section&nbsp;4.2. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.2</TD>
<TD ALIGN="left" VALIGN="top">The payment by the Holder of any liquidated damages or the Company&#146;s exercise of its right to acquire the Holder&#146;s Shares shall not affect the Company&#146;s right to pursue other remedies that it may have
against the Holder as a result of a breach, including claiming additional damages in excess of liquidated damages. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>CONFIDENTIALITY </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.1</TD>
<TD ALIGN="left" VALIGN="top">During the term of this Agreement, and for a period of five (5)&nbsp;years thereafter, the Holder may not, without the prior written approval from the Company, publish or otherwise disclose to any third party any
information of a confidential nature concerning the Company, or the Spotify group, its business or its shareholders that (i)&nbsp;he/she has received as a result of entering into this Agreement (including the existence and contents of this
Agreement) or otherwise being a shareholder of the Company, or (ii)&nbsp;is otherwise of a confidential nature (the &#147;<B>Confidential </B><B>Information</B>&#148;). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.2</TD>
<TD ALIGN="left" VALIGN="top">This confidentiality undertaking shall not apply if: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">the Confidential Information already is in the public domain other than by breach of a confidentiality undertaking; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">a disclosure is required under any applicable law, relevant stock exchange regulations or order of court, other tribunal or competition authority; or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Confidential Information is disclosed to the Holder&#146;s (i)&nbsp;professional advisors who make no other
use of the information than for advising him/her/it with respect to its investment in the Shares, and (ii)&nbsp;if necessary for tax planning purposes, </P></TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">his/her spouse; <U>provided</U> that the Holder causes such recipient of information to observe the confidentiality undertakings herein and agrees to be responsible for any breach or threatened breach of such
obligations by any such recipient. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.3</TD>
<TD ALIGN="left" VALIGN="top">If the Holder becomes required, in circumstances contemplated in Section&nbsp;5.2(b) to disclose any information, he/she (i)&nbsp;shall inform such third party that such information is confidential and direct such third
party to maintain the confidentiality of such information, (ii)&nbsp;shall use his/her reasonable best efforts to consult with the Company prior to any such disclosure and (iii)&nbsp;shall take reasonable steps to minimize the extent of any such
required disclosure. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>MISCELLANEOUS </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.1</TD>
<TD ALIGN="left" VALIGN="top">This Agreement becomes effective when duly signed by the Parties and is thereafter valid until the earlier of (i)&nbsp;the effectiveness of a registration statement under the United States Securities Act of 1933 or
Securities Exchange Act of 1934 (the &#147;<B>Exchange Act</B>&#148;) that results in the Company becoming subject to Section&nbsp;12(b) of the Exchange Act or (ii)&nbsp;the first day of trading in connection with a Listing or, if earlier, the tenth
(10th) anniversary hereof ((i) and (ii)&nbsp;being a &#147;<B>Listing Termination</B>&#148;). Other than following a Listing Termination, this Agreement will be automatically prolonged for one year at a time unless one of the Parties has given the
other Party written notice of termination at least one year before the expiration of its term. The foregoing notwithstanding, Sections 4, 5, 6 and 8 shall remain valid and binding on the Parties at all times. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.2</TD>
<TD ALIGN="left" VALIGN="top">The Act on Trading Companies and Partnerships (Sw. <I>lagen om handelsbolag och enkla bolag</I>) shall not apply to this Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.3</TD>
<TD ALIGN="left" VALIGN="top">The illegality, invalidity or unenforceability of any provision of this Agreement under the law of any jurisdiction shall not affect its legality, validity or enforceability of any other provision hereof, and any
illegal, invalid or unenforceable provision shall at the request of either Party be replaced by other provisions in accordance with the purpose and meaning of this Agreement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.4</TD>
<TD ALIGN="left" VALIGN="top">All notices, requests, demands and other communications under this Agreement shall be in the English language and in writing and addressed as set out in this Agreement or to such other address as the Party in question
has communicated to the other Party with five (5)&nbsp;business days&#146; notice. Each notice by the Holder to the Company shall be made, if by post, with attention to General Counsel or, if by <FONT STYLE="white-space:nowrap">e-mail,</FONT> to
<U>generalcounsel@spotify.com</U>. Should any Party change any of its contact details, such Party shall promptly give written notice to that effect to the other Party. Any notice or other communication required or permitted under this Agreement
shall be deemed to have been received by a Party (i)&nbsp;if delivered by post, unless actually received earlier, on the fifth (5th) day (excluding Saturdays, Sundays or any day which is a public holiday in the sender&#146;s and/or the
recipient&#146;s jurisdiction) after posting, or (ii)&nbsp;if delivered by <FONT STYLE="white-space:nowrap">e-mail,</FONT> on the day (excluding Saturdays, Sundays or any day which is a public holiday in the sender&#146;s and/or the recipient&#146;s
jurisdiction) after the <FONT STYLE="white-space:nowrap">e-mail</FONT> was sent. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>CHANGES TO THE PARTIES </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.1</TD>
<TD ALIGN="left" VALIGN="top">The Holder may not transfer or assign any of its rights or obligations under this Agreement without the prior written consent of the Company. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.2</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Notwithstanding the foregoing, the Holder may without the consent of the Company transfer or assign this
Agreement to an affiliated company or to a Majority Shareholder, </P></TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><U>provided</U> that the Company is notified in writing by the Holder of the transferee&#146;s name and contact details prior to any such transfer or assignment; <U>provided</U> <U>further</U> that, in any case, no such
transfer assignment shall relieve any party of any of its obligations hereunder. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>GOVERNING LAW AND JURISDICTION </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.1</TD>
<TD ALIGN="left" VALIGN="top">Except as to matters with respect to Luxembourg corporate law, which shall be governed by Luxembourg corporate law, this Agreement shall be governed by the material laws of Sweden without regard to its rules on conflict
of laws. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.2</TD>
<TD ALIGN="left" VALIGN="top">The Parties undertake to use their reasonable efforts to resolve any disagreements or disputes regarding this Agreement between them or any two or more of them through discussions and mutual agreement.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.3</TD>
<TD ALIGN="left" VALIGN="top">Any dispute, controversy or claim arising out of or in connection with this Agreement, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the Arbitration Rules
of the Arbitration Institute of the Stockholm Chamber of Commerce. Unless otherwise agreed between the parties to such arbitration, the Arbitral Tribunal shall be composed of a sole arbitrator, the seat of arbitration shall be Stockholm and the
language to be used in the arbitral proceedings shall be English. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.4</TD>
<TD ALIGN="left" VALIGN="top">The arbitral proceedings and all information and documentation related thereto shall be confidential, unless a disclosure is required under any applicable law, relevant stock exchange regulations or order of court,
other tribunal or competition authority or as otherwise agreed between the Parties in writing. </TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Agreement has been signed in one (1)&nbsp;original, which the Holder has received,
with a copy to the Company. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="67%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>THE HOLDER</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Registration&nbsp;No.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Address:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">E-mail:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Place:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Agreement has been signed in one (1)&nbsp;original, which the Holder has received,
with a copy to the Company. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>THE COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">SPOTIFY TECHNOLOGY S.A.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Peter&nbsp;Grandelius&nbsp;(Associate&nbsp;General&nbsp;Counsel),&nbsp;by&nbsp;power&nbsp;of&nbsp;attorney</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Place:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF ADHERENCE NOTICE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>TO BE COMPLETED BY AN ACQUIRER BEING A PRIVATE INDIVIDUAL </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Background </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Reference is made to the shareholder agreement entered into by the Company
and <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, on
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;<B>Agreement</B>&#148;). All capitalized terms in this notice shall have the same meaning as ascribed to them
in the Agreement. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Details of acquirer </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="26%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Name and address</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="7" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>(the &#147;</I><B><I>Holder</I></B><I>&#148;)</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="7" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Holder&#146;s personal</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>identification number</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Holder&#146;s Citizenship</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Holder&#146;s <FONT STYLE="white-space:nowrap">E-mail</FONT> /</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>telephone number</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">/</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.3</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Adherence </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">By delivery of this adherence notice, Holder agrees to be bound by the terms
and conditions of the Agreement in all respects. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="5" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company hereby acknowledges receipt of the above adherence notice, agrees to its
terms and confirms that the Holder is, as of the date of this confirmation, a Party to the Agreement in accordance with the terms of the notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>THE
COMPANY </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SPOTIFY TECHNOLOGY S.A. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>


<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="7" VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Place:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>TO BE COMPLETED BY AN ACQUIRER BEING A LEGAL ENTITY </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Background </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Reference is made to the shareholder agreement entered into by the Company
and <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, on
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;<B>Agreement</B>&#148;). All capitalised terms in this notice shall have the same meaning as ascribed to them
in the Agreement. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Details of acquirer </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="64%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Registered&nbsp;name&nbsp;and</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="9" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>address (the &#147;</I><B><I>Holder</I></B><I>&#148;)</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="9" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="6"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Organization number</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="5" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="6"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Type of legal entity</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="5" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="6"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Incorporated in</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="5" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Ultimate owner</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">/</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(a&nbsp;listed&nbsp;company)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Contact person (title)</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="right">(<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="6"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">E-mail</FONT> / telephone</I></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">/</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="5" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>number</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="5" VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.3</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Adherence </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">By delivery of this adherence notice, Holder agrees to be bound by the terms
and conditions of the Agreement in all respects. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signature:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="7" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="6"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="5" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SHA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company hereby acknowledges receipt of the above adherence notice, agrees to its
terms and confirms that the Holder is, as of the date of this confirmation, a Party to the Agreement in accordance with the terms of the notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>THE
COMPANY </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SPOTIFY TECHNOLOGY S.A. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>


<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="7" VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Place:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>7
<FILENAME>filename7.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.24</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.24 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g0130065930510.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 MADISON AVENUE, NEW YORK, NEW YORK 10010, UNITED STATES </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of April&nbsp;1, 2017 (the &#147;<U>Effective Date</U>&#148;) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Spotify AB </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Birger Jarlsgatan 61, </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stockholm, SE 113 56 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sweden </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DIGITAL DISTRIBUTION AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
letter agreement together with Exhibit A (the &#147;<U>Term Sheet</U>&#148;) and any other exhibits and schedules attached hereto, which are incorporated herein by reference, will constitute the entire agreement between <B>SONY MUSIC
ENTERTAINMENT,</B> a Delaware general partnership (&#147;<U>Label</U>&#148;) and <B>SPOTIFY AB</B>, a Swedish corporation<B> </B>(&#147;<U>Company</U>&#148;) regarding, <U>inter</U> <U>alia</U>, the exploitation of audio and video recordings
embodying the performances of various musical recording artists via Company&#146;s online and mobile digital distribution service, as owned, controlled and operated by Company<B> </B>(the &#147;<U>Agreement</U>&#148;). Any terms used in this letter
agreement but not defined herein will have the meanings ascribed to them in the exhibits hereto. Unless expressly provided to the contrary herein, the different parts of this Agreement shall have the following descending order of priority in the
event of any conflicting provisions that cannot reasonably be interpreted so that such provisions are consistent with each other: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the Term Sheet; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">other Exhibits to the Agreement, excluding the Technical and Security Specifications </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">the Technical and Security Specifications; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">the letter agreement portion of the Agreement. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise stated, references to &#145;sections&#146;
and <FONT STYLE="white-space:nowrap">&#145;sub-sections&#146;</FONT> within this Agreement shall be references to provisions within this letter agreement, whereas references to &#145;paragraphs&#146; and
<FONT STYLE="white-space:nowrap">&#145;sub-paragraphs&#146;</FONT> shall be references to provisions in the Term Sheet. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1. <U>Confidentiality; Press
Releases:</U> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)<B> </B>Each party (each a &#147;<U>Disclosing Party</U>&#148;) agrees that it will, and it will instruct in writing
its respective attorneys, accountants and other professional advisors (collectively, &#147;<U>Advisors</U>&#148;) to, hold in confidence and not communicate, transmit, publish, disseminate or otherwise disclose any of the terms and conditions of
this Agreement or any information regarding the other party&#146;s business learned in the course of dealing or performance hereunder (collectively, &#147;<U>Confidential Information</U>&#148;); provided, however, that nothing in this subsection
1(a) will prohibit disclosure of such Confidential Information: (i)&nbsp;by each party to its respective financial officers, management, Affiliates, bankers or others as may be reasonably necessary in the operation of its respective business;
(ii)&nbsp;by each party to its respective Advisors to the extent that such disclosure is in the opinion of such Advisors required to enable such Advisors fully to represent the party concerned; (iii)&nbsp;in connection with any legal or governmental
proceeding; or (iv)&nbsp;to any judicial, governmental or regulatory agencies; or (v)&nbsp;by Company to any of its investors and bona fide potential investors (unless such investor or potential investor is an Other Party, subject to paragraph 13(l)
of the Term Sheet), provided that such Persons are obligated by a written agreement, policy or other duty of confidentiality; provided, however, that, prior to any such disclosure under (iii)&nbsp;or (iv), Company will give Label reasonable advance
notice of any such disclosure and will cooperate with Label in protecting against any such disclosure and/or, to the extent possible, obtaining a protective order narrowing the scope of such disclosure of the Agreement including redacting key
economic terms. Notwithstanding anything to the contrary herein, Confidential Information shall not include information that: (i)&nbsp;at or prior to the time of disclosure by the Disclosing Party was known to or independently developed by the party
receiving such information (a &#147;<U>Receiving Party</U>&#148;), except to the extent unlawfully appropriated by the Receiving Party or a third party; (ii)&nbsp;at or after the time of disclosure by the Disclosing Party becomes generally available
to the public through no wrongful or negligent act or omission on the Receiving Party&#146;s part; (iii)&nbsp;the Receiving Party receives from a third party free to make such disclosure without breach of any legal obligation; and/or (iv)&nbsp;is
required to be disclosed pursuant to any statute, regulation, order, subpoena or document discovery request. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Subject to <FONT
STYLE="white-space:nowrap">sub-paragraph</FONT> 8(a)(19), Company agrees that all information relating to the performance of Authorized Materials within the Services, including but not limited to analytical data and information concerning amounts
paid or payable by Company hereunder shall constitute Confidential Information hereunder. Unless permitted in accordance with <FONT STYLE="white-space:nowrap">sub-section</FONT> 1(a) above, <FONT STYLE="white-space:nowrap">sub-paragraph</FONT>
8(a)(19) or otherwise explicitly approved under this Agreement, Company shall obtain Label&#146;s prior written approval before disclosing such information to any third party or class of third parties, including but not limited to Label Artists and
managers thereof, whether in response to any request or as part of any Company-created tool or API. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)<B> </B>No press releases or other public statements are
permitted without prior mutual written approval. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2. <U>Reporting and Payment:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Unless otherwise provided hereunder, Company will compute all amounts payable to Label and Orchard pursuant to the Term Sheet and any other
payments accrued hereunder **** (such proceeds and other monies, the &#147;<U>Wholesale Fees</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) In connection with ****,
Company will send within **** thereafter: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">to Label (i)&nbsp;an accounting statement covering the calculation and determination of Wholesale Fees and other sums so accrued and payable in respect of the **** in the format set out in Part II of Exhibit B (each, a
&#147;<U>Financial Statement</U>&#148;), such statement covering both SME Materials and Orchard Materials; and (ii)&nbsp;a machine-readable report containing the data and information described in (and otherwise in accordance with) the relevant
reporting specifications attached hereto as Part I of Exhibit B (each, a &#147;****&#148;) relating to SME Materials only; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">to Orchard (i)&nbsp;a Financial Statement covering Orchard Materials only; and (ii)&nbsp;a **** relating to Orchard Materials only. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">**** and Financial Statements shall only be deemed received by Label and Orchard once uploaded by Company in an appropriate form to the correct
directory on Label&#146;s and Orchard&#146;s FTP servers using access credentials issued by Label and Orchard; provided that Label and Orchard shall be solely responsible for procuring that access to such server is available to Company at all
relevant times. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Upon receipt of each Financial Statement, Label will prepare and send to Company a full invoice in respect of
Wholesale Fees due in relation to SME Materials, and will procure that Orchard prepares and sends to Company a full invoice in respect of Wholesale Fees due in relation to Orchard Materials. Company shall thereafter pay **** (i) Wholesale Fees due
in relation to SME Materials that have accrued and are payable to the Label into the bank account designated by Label for such purpose from <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-to-time;</FONT></FONT> and
(ii)&nbsp;Wholesale Fees due in relation to Orchard Materials that have accrued and are payable to the Label into the bank account designated by Orchard for such purpose from
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-to-time,</FONT></FONT> in both cases **** following the date of the relevant invoice. At the same time that Company makes a payment into Label&#146;s bank account, Company shall
send an email indicating the amount paid to the email address(es) designated from time to time by Label (as of the Effective Date, such email address designated by Label is ****). For the avoidance of doubt, Label agrees that Company&#146;s payment
of Orchard&#146;s share of Wholesale Fees directly to Orchard shall discharge Company&#146;s obligation to account to Label for Orchard&#146;s share of Wholesale Fees hereunder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) All amounts payable hereunder, ****. Such exchange rate shall be reported by Company to Label in Financial Statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) Company shall pay ****, on any required payment hereunder that is not made ****, without prejudice to any other rights Label may have in
connection with ****. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <U>Taxes</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(1) **** Company warrants and represents that Company will collect, bear, pay ****. If applicable, Label will accept appropriate documentation,
such as **** satisfactory to Label in the exercise of its sole, reasonable discretion, timely provided by Company to evidence Company&#146;s ****. If any claim is made against Label **** Company will promptly remit to Label ****. In the event that
Company reasonably requests Label ****. Label shall control any such contest and, upon Company&#146;s written request in each instance, Label will reasonably consult with Company, provided that Company is reasonably available for such consultation.
Company&#146;s obligation to **** shall survive the termination or expiration of this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(2) Company shall be entitled to **** provided, however, that
upon Label&#146;s request, Company shall provide Label with (a) **** (b) such reasonable assistance as may be required by Label (or any of its Affiliates) to ****. In the event that there is a double tax treaty between any applicable countries,
Company shall use commercially reasonable efforts to obtain the benefits of any reduced rate of withholding tax under the treaty and, upon Label&#146;s request, provide Label with copies of any documentation required to be completed to obtain such
benefits. **** </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(3) If for any reason any **** would be required to be made from any of the amounts payable by Company to Label or Orchard
or by Label or Orchard to any of their Affiliates pursuant to clause (2)&nbsp;above or otherwise then Label may elect ****. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3. <U>Books and
Records:</U> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Company will maintain accurate and complete records and books of account in accordance with GAAP applied on a
consistent basis, which will include, at a minimum, all documentation needed by Label to compute and verify the amounts required to be credited to Label&#146;s account and paid to Label hereunder, and to verify all of the information required to be
delivered to or otherwise made available to Label in connection with the performance of this Agreement (the &#147;<U>Books and Records</U>&#148;). At all times during the Term, Company shall maintain comprehensive standard management reporting
systems capable of tracking accurately (and maintaining the integrity of) all information which is required to be included in Financial Statements (or required to undertake accurate calculations in connection therewith) and any other reports
required under this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) **** </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(1) **** </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(2) **** </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(3) **** </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(4) **** </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">upon reasonable advance written notice, Label, or an independent reputable auditing firm appointed by Label (&#147;<U>Auditor</U>&#148;), will have the right
to examine the Books and Records at any time during Company&#146;s normal business hours at the place where such Books and Records are normally maintained, and to make copies of them and extract information from them. Company shall cooperate
reasonably with the Auditor, providing sufficient access to such Books and Records, as well as any and all relevant systems containing applicable financial information, transaction and usage logs, in order to permit the Auditor to verify
Company&#146;s compliance with its obligations hereunder. For a period of **** following the last day of the Term, Company shall retain all transaction data, customer information and other data or information reasonably necessary for Label to
determine and verify all amounts due or payable hereunder and for accounting purposes. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) If any audit conducted pursuant to <FONT
STYLE="white-space:nowrap">sub-section</FONT> (b)&nbsp;shows a deficiency in the Wholesale Fees due hereunder, Company shall pay such shortfall to Label **** unless Company has a good faith basis for disputing the alleged deficiency. In the event
that Company has a good faith basis for disputing the alleged deficiency, it shall promptly provide to the Auditor and Label detailed reasons for such dispute, following which the Parties shall discuss in good faith how to resolve such dispute. If
the audit reveals that in the period being audited Company has underpaid Label by an amount greater than **** of the payments due, or Company has breached any terms of this Agreement leading to the inability of the auditor to reach a meaningful
conclusion with respect to potential underpayment, then Company shall bear the reasonable expenses and costs of such audit. Label shall not have the right to audit a given accounting statement more than once. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) **** </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) Not more than ****,
if applicable, upon reasonable advance notice, Label will have the right, at its own expense, to conduct (or to appoint an independent reputable third party to conduct) **** of the Company for the purpose of observing and verifying the **** any
materials furnished or selected by Label for use by Company, including, for the avoidance of doubt and without limitation, all ****, and all documentation setting forth **** wherever any such **** and documentation are maintained or stored, as
applicable, **** in connection with or on behalf of the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4. <U>Representations and Warranties</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)<B> </B>Each party represents and warrants that: (i)&nbsp;it has the right, power and authority to enter into this Agreement and to fully
perform its obligations hereunder; (ii)&nbsp;it shall comply with its privacy policy and shall not engage in any fraud or any deceptive, misleading or unethical or unfair competitive practices; (iii)&nbsp;it shall not act in any manner which
conflicts or interferes with any existing commitment or obligation of such party; (iv)&nbsp;no agreement previously entered into by such party will interfere with such party&#146;s performance of its obligations under this Agreement; and (v)&nbsp;it
shall perform in compliance with any applicable local laws, rules and regulations of any governmental authority. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Company hereby
represents and warrants to Label that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company is a corporation duly organized and in good standing under the laws of Sweden; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Company will not make any use of any customer or end user information except to the extent permitted by law; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Company&#146;s operation of the Services in performance of its obligations hereunder (excluding, for avoidance of doubt, the use of Authorized Materials as authorized in accordance with this Agreement, to the extent
Label assumes responsibility pursuant to section 4(c)) during the Term will not to the best of the Company&#146;s knowledge violate any law or regulation, or infringe upon or violate the rights of any Person, in whole or in part, directly or
indirectly, it being understood and agreed that nothing contained in this clause (iii)&nbsp;shall be deemed to limit any of Company&#146;s indemnification obligations under section 6(d)(1) below, which shall apply in full force and effect with
respect to any and all acts of infringement of a material nature alleged by any persons or entities arising out of the use or operation of any Authorized Materials regardless of the state of Company&#146;s conduct, omissions or the state of
Company&#146;s knowledge of the possibility, likelihood or actual such infringement, or the efforts that Company may have undertaken to eliminate entirely or mitigate such infringement; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">Company will not at any time through Company&#146;s **** either directly or indirectly, in whole or in part, ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">all streams embodying Authorized Materials will be **** and/or, solely to the extent in accordance with the Technical and Security Specifications, ****; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">Company will not **** participate in any ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">except as expressly provided in the Term Sheet, Company will obtain and maintain in full force and effect (at Company&#146;s sole cost and expense) all necessary licenses, permits and other authorizations required by
law to operate its business and to offer streams and otherwise use copyrighted audio, audiovisual and other materials as contemplated herein, and all necessary licenses and other rights (including, but not limited to, copyright, patent and trade
mark rights and other rights and licenses) necessary to provide the services and functions contemplated herein in relation to Authorized Materials, ****), free of claims from any Person; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">Company will ensure that the Services will not contain or utilize any content or other materials that ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="18%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">facilitating and/or promoting illegal activity, </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="18%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="18%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="18%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="18%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">incorporating any materials or functionality primarily intended to **** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="18%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">engaging in the ****, or engaging in the sale or advertisement **** </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">as Label deems ****; </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top">Company will not make any use of any Authorized Materials, or authorize any third party to make any use of any Authorized Materials, except as specifically permitted in this Agreement; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top">Company will not **** without the express prior written consent of Label in each instance, nor will it facilitate such activities by third parties including end users of the Services; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(xi)</TD>
<TD ALIGN="left" VALIGN="top">Company will not alter or delete any title, credit or copyright notice, any trade marks or service marks, or the talent, writing, producing, directing or music credits contained in the Authorized Materials;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(xii)</TD>
<TD ALIGN="left" VALIGN="top">**** is true and accurate in all material respects, ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(xiii)</TD>
<TD ALIGN="left" VALIGN="top">Between March&nbsp;1, 2017 and the date of signature of this Agreement, Company, its Affiliates (or any shareholder of Company or any of its Affiliates) did not ****; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(xiv)</TD>
<TD ALIGN="left" VALIGN="top">Company agrees that between the date of signature of this Agreement and July&nbsp;31, 2017, Company, its Affiliates (or any shareholder of Company or any of its Affiliates), shall not ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(xv)</TD>
<TD ALIGN="left" VALIGN="top">Company will not (A)&nbsp;attempt to pledge, mortgage or otherwise encumber the Authorized Materials, Company&#146;s rights under this Agreement or any other tangible or intangible property of Label provided to Company
pursuant to this Agreement or otherwise furnished or provided to Company, or (B)&nbsp;contest, attack or challenge the validity of any of Label&#146;s or its licensors&#146; copyrights, patents, trade marks or other intellectual property rights or
licenses, or assist others in doing any of the foregoing. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Label hereby represents and warrants to Company that: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">it owns or controls the Authorized Materials in those parts of the Territory for which it communicates clearances by way of metadata from time to time during the Term, and it has the power and authority to enter into
this Agreement; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">the use by Company of the Authorized Materials to the extent authorized by Label or Orchard herein will not infringe any third party rights which Label is responsible for obtaining hereunder; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Label shall be solely responsible for **** </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5. <U>Termination:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;(1) Upon the occurrence of any Default Event, in addition to any other rights and remedies which Label has under this Agreement or
otherwise, Label may terminate the Term upon notice to Company, following any applicable cure period set out below. No exercise of any right or remedy hereunder will limit Label&#146;s right to recover damages by reason of Company&#146;s default,
Label&#146;s right to exercise any other right or remedy under this paragraph, or any of Label&#146;s other rights or remedies. Notwithstanding the foregoing or anything elsewhere herein, if the Default Event arises by reason, alone, of ****,
provided that it is agreed that the provisions of section 5(b) below shall apply upon such termination. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(2) &#147;<U>Default
Event</U>&#148; means: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Company&#146;s failure to make timely payments as required hereunder or render reports or accountings as and
when due or cooperate or render any information or documents required to be furnished or otherwise made available to Label as and when required hereunder; provided, however, that, with respect to any such breach which is <FONT
STYLE="white-space:nowrap">non-repetitive,</FONT> and unless any other cure period is provided, Company shall have a period of **** from its receipt of Label&#146;s notice of such breach in which to cure said breach before it shall be considered a
&#147;Default Event&#148;; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) Company&#146;s breach of any of Company&#146;s
representations, warranties, covenants or obligations hereunder, or Company&#146;s failure to fulfill any of Company&#146;s material obligations hereunder; provided, however, that, with respect to any such breach in respect of which a shorter cure
period is not expressly provided herein, and provided that the breach concerned is <FONT STYLE="white-space:nowrap">non-repetitive,</FONT> Company shall have a period of **** from the date of Label&#146;s notice of such breach in which to cure said
breach before it shall be considered a &#147;Default Event&#148;; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) Company&#146;s bankruptcy or insolvency, or the dissolution or the
liquidation of Company&#146;s assets, or the filing of a petition in bankruptcy or insolvency for an arrangement or reorganization by, for or against Company, or the appointment of a receiver or a trustee for all or a portion of Company&#146;s
property, or Company&#146;s making an assignment for the benefit of creditors; provided, however, that Company shall have a period of **** from its receipt of any involuntary petition in bankruptcy filed against Company in which to cure said breach
before it shall be considered a &#147;Default Event&#148;; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) Company&#146;s attempt to assign any of Company&#146;s rights under this
Agreement in contravention of this Agreement without Label&#146;s prior written consent, or the succession of any of those rights to any other person or entity by operation of law; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) If as a result of Company&#146;s acts or omissions any person or entity obtains access to the Authorized Materials in contravention of the
terms, limitations and eligibility criteria regarding access thereto prescribed in the Term Sheet; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) If for any reason Company ceases
doing business in the ordinary course and/or there is a substantial diminution in the ability of Company to effectively carry on its business in general or any aspect thereof, or in particular the business of distributing Authorized Materials<B>
</B>and/or the other products referred to in this Agreement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vii) In the event of a Change of Control of Company, **** </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(viii) In the event of Company&#146;s breach of its covenant in section 6(k) below. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing or anything elsewhere in this Agreement save for paragraph 8(b)(1) of the Term Sheet, Company may, in the
exercise of its sole, unrestricted discretion, not launch, or cease to continue offering after launching, as the case may be, any one or more of the Services in any one or more countries of the Territory at any time during the Term, and any such
failure to launch, or such cessation to offer after launch, shall not constitute a &#147;Default Event&#148; hereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(3) Upon the
occurrence of any SME Default Event, in addition to any other rights and remedies which Company has under this Agreement or otherwise, Company may terminate the Term upon notice to Label; provided, however, that, with respect to any such breach
which is <FONT STYLE="white-space:nowrap">non-repetitive,</FONT> and unless any other cure period is provided, Label shall have a period of **** from its receipt of Company&#146;s notice of such breach in which to cure said breach before it shall be
considered an &#147;SME Default Event.&#148; No exercise of any right or remedy hereunder will limit Company&#146;s right to recover damages by reason of Label&#146;s or Orchard&#146;s default, Company&#146;s right to exercise any other right or
remedy under this paragraph, or any of Company&#146;s other rights or remedies. As used herein, an &#147;<U>SME Default Event</U>&#148; means: Label&#146;s bankruptcy or insolvency, or the dissolution or the liquidation of Label&#146;s assets, or
the filing of a petition in bankruptcy or insolvency for an arrangement or reorganization by, for or against Label, or the appointment of a receiver or a trustee for all or a portion of Label&#145;s property, or Label&#146;s making an assignment for
the benefit of creditors; provided, however, that Label shall have a period of **** from its receipt of any involuntary petition in bankruptcy filed against Label in which to cure said breach before it shall be considered an &#147;SME Default
Event.&#148; Notwithstanding the foregoing or anything elsewhere in this Agreement, Company may terminate the Term upon notice to Label in the event that (x)&nbsp;Company ceases doing business in the ordinary course (unless such business is
transferred to a valid assignee of Company&#146;s rights hereunder), and/or (y)&nbsp;Company and its Affiliates cease to operate the Services throughout the Territory on a permanent basis. Notwithstanding the foregoing or anything elsewhere in the
this Agreement, in the event this Agreement is terminated pursuant to (a)&nbsp;a Termination Event, (b)&nbsp;a breach of <FONT STYLE="white-space:nowrap">sub-section</FONT> 5(a)(2)(vii) or <FONT STYLE="white-space:nowrap">(c)&nbsp;sub-section</FONT>
5(a)(2)(viii) ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Upon termination or earlier expiration of the Term:
(1)&nbsp;all rights granted to Company herein will immediately terminate, and Company will not thereafter have any right to make any use of any Authorized Materials or any other materials provided by Label to Company; (2)&nbsp;Company will
immediately return, delete or destroy all materials furnished or selected by Label for use by Company, including all Authorized Materials and any phonorecords or copies derived therefrom in any and all forms, formats and media, as Label will direct
in Label&#146;s sole discretion; (3)&nbsp;Company will immediately remove all links to web sites or other properties owned or controlled by Label; and (4)&nbsp;all monies then due or to become due to Label will become **** and payable, subject to
the last sentence of section 5(a)(3) above in the case of (a)&nbsp;an SME Default Event, (b)&nbsp;a termination by Label pursuant to <FONT STYLE="white-space:nowrap">sub-section</FONT> 5(a)(2)(vii) or (c)&nbsp;a termination by Label pursuant to <FONT
STYLE="white-space:nowrap">sub-section</FONT> 5(a)(2)(viii). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Reference is hereby made to that certain ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) The following provisions of this Agreement shall survive the termination or expiration of the Term: sections 1, 2, 3, 4, the last sentence
of section 5(a)(3), 5(d), 6(a), 6(b), 6(d), 6(e), 6(f) and 6(g). </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6. <U>Miscellaneous:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Except as otherwise specifically provided herein, all notices under this Agreement will be in writing and will be given by courier or other
personal delivery or by registered or certified mail at the appropriate address set forth on page 1 of this Agreement or at a substitute address designated by notice by the party concerned. Each notice to Company will be addressed to the attention
of Company&#146;s CEO; provided, however that notwithstanding anything elsewhere herein, take-down notices from Label may be given via metadata, facsimile, electronic mail or any other effective method of written communication. Each notice to the
Label will be addressed to the attention of its EVP, Business and Legal Affairs, Global Digital Business, with copies of each notice sent simultaneously to Label&#146;s General Counsel. Notices will be deemed given when mailed or, if personally
delivered, when so delivered, except that a notice of change of address will be effective only from the date of its receipt. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) THIS
AGREEMENT HAS BEEN ENTERED INTO IN THE STATE OF NEW YORK, AND THE VALIDITY, INTERPRETATION AND LEGAL EFFECT OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS ENTERED INTO AND PERFORMED ENTIRELY WITHIN
THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES UNDER NEW YORK LAW). OTHER THAN TO THE EXTENT EXPLICITLY PROVIDED IN THIS AGREEMENT, THE NEW YORK COURTS (STATE AND FEDERAL) SHALL HAVE SOLE JURISDICTION OVER ANY
CONTROVERSIES REGARDING THIS AGREEMENT, ANY ACTION OR OTHER PROCEEDING WHICH INVOLVES SUCH A CONTROVERSY SHALL BE BROUGHT IN THOSE COURTS IN NEW YORK COUNTY AND NOT ELSEWHERE, AND THE PARTIES WAIVE ANY AND ALL OBJECTIONS TO VENUE IN THOSE COURTS AND
HEREBY SUBMIT TO THE JURISDICTION OF THOSE COURTS. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Label may assign Label&#146;s rights under this Agreement in whole or in part to
any subsidiary, affiliated or controlling corporation, to any person or entity owning or acquiring a substantial portion of the stock or assets of Label, or to any partnership or other venture in which Label participates, and such rights may be
similarly assigned by any assignee. Company will not have the right to assign or <FONT STYLE="white-space:nowrap">sub-license</FONT> this Agreement or any of Company&#146;s rights hereunder without Label&#146;s prior written consent, EXCEPT that
Company shall have the right to assign its rights and delegate its duties under this Agreement, subject to Section&nbsp;5(a)(2)(vii), to: (i)&nbsp;any affiliate controlling, controlled by or under common control with Company and (ii)&nbsp;any entity
that acquires control of Company or otherwise succeeds to substantially all of the assets or stock of Company and that is not an entity falling within any of the categories listed in Section&nbsp;5(a)(2)(vii) above and is not engaged in ****, and
any purported assignment by Company in violation of this subparagraph will be void (it being understood and agreed that if Company effects an assignment or <FONT STYLE="white-space:nowrap">sub-license</FONT> in contravention of Label&#146;s approval
rights pursuant to the foregoing provisions of this section, the foregoing shall not be deemed to mean that the associated transaction event (without such assignment or <FONT STYLE="white-space:nowrap">sub-license</FONT> of this Agreement) is itself
void or otherwise of no force or effect). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;(1) Company will at all times indemnify and hold harmless the Label **** from and
against any and all claims **** (the &#147;<U>Company Claims</U>&#148;). In the event of any Company Claim: (i)&nbsp;the applicable Label **** shall notify Company of the Company Claim concerned immediately following the date that such Label ****
becomes aware </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">of it (provided that such failure to immediately notify Company shall not
affect any Label **** right to indemnification hereunder if such delay did not materially prejudice the defense of such claim); (ii) Company shall defend against the Company Claim concerned (at Company&#146;s own expense) through legal counsel
selected by Company; and (iii)&nbsp;each party shall reasonably cooperate with the other in the defense of the Company Claim concerned. Company shall be solely responsible for the amount of any settlement or judgment for such Company Claim and all
legal expenses and counsel fees incurred by Company in connection therewith; provided, however, that any settlement acknowledging any wrongdoing on behalf of any of the Label **** or creating any additional obligations or payments or potential
liabilities for any of the Label **** shall be subject to the written approval of such Label ****. The applicable Label **** shall have the right at all times to actively participate in the defense thereof, and to employ legal counsel selected by
such Label **** at their own expense, it being understood that Company shall have the right at all times, in Company&#146;s sole discretion, to maintain control of the conduct of the defense. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) Label will at all times indemnify and hold harmless the Company **** (the &#147;<U>Label Claims</U>&#148;), provided that Label shall not
be required to indemnify and hold harmless the Company **** with respect to any damages, liabilities, costs and expenses arising from Company&#146;s reckless and/or willful conduct (for example, with respect to any damages relating to Company&#146;s
making available of particular Authorized Materials following Label&#146;s request for Company to cease making the same available). In the event of any Label Claim: (i)&nbsp;the applicable Company **** shall notify Label of the Label Claim concerned
immediately following the date that such Company **** becomes aware of it (provided that such failure to immediately notify Label shall not affect any Company **** right to indemnification hereunder if such delay did not materially prejudice the
defense of such claim); (ii) Label shall defend against the Label Claim concerned (at Label&#146;s own expense) through legal counsel selected by Label; and (iii)&nbsp;each party shall reasonably cooperate with the other in the defense of the Label
Claim concerned. Label shall be solely responsible for the amount of any settlement or judgment for such Label Claim and all legal expenses and counsel fees incurred by Label in connection therewith; provided, however, that any settlement
acknowledging any wrongdoing on behalf of any of the Company **** or creating any additional obligations or payments or potential liabilities for any of the Company **** shall be subject to the written approval of such Company ****. The applicable
Company **** shall have the right at all times to actively participate in the defense thereof, and to employ legal counsel selected by such Company **** at their own expense, it being understood that Label shall have the right at all times, in
Label&#146;s sole discretion, to maintain control of the conduct of the defense. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) Except with respect to the parties&#146; respective
indemnification obligations pursuant to Section&nbsp;6(d), neither party to this Agreement shall be liable to the other under or in connection with this Agreement whether in contract, tort (including negligence), misrepresentation (other than where
made fraudulently), breach of statutory duty or otherwise for any indirect or consequential loss whatsoever incurred by either party whether or not the party was advised in advance of the possibility of any such loss. Nothing in this Agreement shall
restrict or limit the liability of either party for fraud or fraudulent misrepresentation or death or personal injury caused by negligence. Except as expressly provided in this Agreement, no warranties or conditions, express or implied, including,
without limitation, implied warranties or conditions of merchantability and fitness for a particular purpose shall apply. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) No amendment
to this Agreement shall be binding upon Label unless it is made by an instrument signed by an authorized officer of Label. A waiver by either party of any provision of this Agreement in any instance will not be deemed a waiver of such provision, or
any other provision hereof, as to any future instance or occurrence. All remedies, rights, undertakings, and obligations contained in this Agreement will be cumulative and none of them will be in limitation of any other remedy, right, undertaking,
or obligation of either party. If any part of this Agreement, or the application thereof to any party, will be adjudged by a court of competent jurisdiction to be invalid, such judgment will not affect the remainder of this Agreement, which will
continue in full force and effect, or the application of this Agreement to the remaining parties. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) Save only in respect of the
foregoing this Agreement is made solely and specifically between the Company and Label and is not intended to be for the benefit of or enforceable by any other person save in respect of permitted assignees pursuant to the terms of this Agreement.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) This Agreement represents the entire agreement between
Label and Company with respect to the subject matter hereof and supersedes all prior and/or contemporaneous agreements and understandings, whether written or oral, between Label and Company with respect to the subject matter hereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) In entering into this Agreement, Company has and shall have the status of independent contractor. Nothing herein contained shall
contemplate or constitute either party as the other&#146;s agent, except to the extent expressly set forth herein, or employee, and nothing herein shall constitute a partnership, joint venture or fiduciary relationship between Company and Label.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) For the avoidance of doubt, subject to the remainder of this subsection (j), unless otherwise agreed in writing by Label, in the event
of **** shall not be subject to the terms and conditions of this Agreement, and Company&#146;s **** via the Services shall not be deemed authorized hereunder. In the case of Label&#146;s **** Label shall only be entitled to take advantage of this
section in the event that **** Where the value of any ****, in order to take advantage of this section Label shall be required to warrant and represent to Company ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) **** Notwithstanding the preceding definition of ****, Company shall not be in breach of the covenant in this section 6(k) as a result of
****. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="38%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="38%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Very truly yours,</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">ACCEPTED AND AGREED:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SONY MUSIC ENTERTAINMENT</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY AB</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Dennis Kooker</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Peter Grandelius</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">President, Digital Global Business</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Associate General Counsel</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">July 7, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">July 7, 2017</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Term Sheet </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1. <U>Definitions:</U>
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Active User</U>&#148; means any user who has accessed via the Ad Supported Service at least 1 (one) Royalty Bearing Play of
audio or audiovisual content (whether or not such content embodies an Authorized Recording). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ads Studio</U>&#148; means
Company&#146;s advertising self service platform, whereby advertisers, including Label, can create advertisements on a self-service basis. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ad Supported</U>&#148; means a transmission of audio that is made available to members of the general public without charge of any
kind, directly or indirectly (i.e. not on a subscription basis or any other business model). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ad Supported <FONT
STYLE="white-space:nowrap">On-Demand</FONT> Service</U>&#148; means the service offering an End User via Approved Interfaces both <FONT STYLE="white-space:nowrap">on-demand</FONT> and <FONT STYLE="white-space:nowrap">pre-programmed</FONT> access to
Streams of audio and audiovisual recordings (together with corresponding cover artwork), including but not limited to Authorized Recordings in an Approved Format (together with Authorized Artwork), solely on Static Devices and on an Ad Supported
basis, through such End User&#146;s single User Profile, in compliance with the terms, conditions and limitations prescribed in this Agreement, including the Technical and Security Specifications, provided that such access shall always be offered in
accordance with the Content Usage Rules. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ad Supported Release Date</U>&#148; means the date on which an item of SME Materials or
Orchard Materials is permitted by Label or Orchard, as applicable, to be made available by Company via the Ad Supported Service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Ad Supported Service</U>&#148; means, individually and collectively, the <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> <FONT
STYLE="white-space:nowrap">On-Demand</FONT> Service and the Mobile Shuffle Service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Advertisements</U>&#148; means any and all
audio, audiovisual, graphic, textual and other advertisements, messages, sponsorships or other commercial space, however delivered via any web pages, application or other electronic properties, as the case may be, that is leased, licensed or sold to
or on behalf of Persons for purposes of advertising, promotion, marketing, trade or otherwise (e.g., the development, maintenance or enhancement of general goodwill) including for the avoidance of doubt sponsored playlists, listening/viewing
sessions and any other inventory/units developed in the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; means, with respect to any specified Person,
any other Person that, directly or indirectly, through one or more intermediaries, owns or controls, is owned or controlled by, or is under common ownership or control with, such specified Person. As used in this definition, the term
&#147;control&#148; (including the terms &#147;controlling&#148;, &#147;controlled by&#148; and &#147;under common control with&#148;) of a Person means the ownership of at least fifty percent (50%) of the equity of that Person or possessing the
power to direct or cause the direction of the management of that Person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Album</U>&#148; means a collection of Authorized
Recordings which when made available together are designated an album by Label or Orchard ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Annualized&#148; means the amount
**** to any party divided by the number of twelve (12)&nbsp;month periods comprised in the **** to the agreement between Company and such party, By way of example, if Company has ****, which is ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>App Remote</U>&#148; means Company&#146;s proprietary library and related functionality embedded into third party applications that
allows an End User to launch the Spotify client and remote control the Services, provided that any such third party applications incorporate Company Branding in connection with such remote control features, and any user who is not an End User
attempting to utilize such remote control features will be invited to become an End User. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>App Store Providers</U>&#148; means third party
application stores (e.g. Apple, Google) which facilitate subscriptions to the Subscription Services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Approved Device</U>&#148;
means types of electronic device approved by Label in writing in advance in each instance, for use in connection with Authorized Materials delivered via particular Services. As of the Effective Date, Static Devices and Mobile Devices shall be deemed
so approved by Label as &#147;Approved Devices&#148; for the purposes hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Approved Format</U>&#148; means the following:
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">In respect of Streams and Cached Streams of Authorized Audio Recordings delivered to End Users as part of the Ad Supported Service: WMA, AAC (and all its variants), Ogg Vorbis, Opus and MP3 at a bit rate of **** with a
maximum of 2 audio channels (stereo), and such additional codecs and bit rates as Label may approve in writing from <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-to-time;</FONT></FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">In respect of Streams and Cached Downloads of Authorized Audio Recordings delivered to Subscribers as part of the Subscription Service: WMA, AAC (and all its variants), Ogg Vorbis, Opus and MP3 at a bit rate of ****
with a maximum of 2 audio channels (stereo), and such additional codecs and bit rates as Label may approve in writing from <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-to-time;</FONT></FONT> and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">in respect of Streams and Cached Downloads of Authorized Video Recordings delivered to End Users (including Subscribers) as part of any of the Services: <FONT STYLE="white-space:nowrap">MPEG-4,</FONT> <FONT
STYLE="white-space:nowrap">MPEG-TS</FONT> or WebM containers with H.264 or VP8/VP9 video codecs at ****, in respect of video, and WMA, AAC (and all its variants), Ogg Vorbis, Opus and MP3 at a bit rate of **** with a maximum of 2 audio channels
(stereo) in respect of audio; and such additional codecs and bit rates as Label may approve in writing from <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-to-time.</FONT></FONT> Video playback uses adaptive bitrate switching
to adapt playback to the desired quality for the user. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Approved Interface</U>&#148; means a website, software
application or other interface created, owned and controlled by (or on behalf of) Company which provides access to or control of the Services and is used in (i)&nbsp;the selection of materials; (ii)&nbsp;the reception of such materials (from nodes
including Distribution Servers and other End Users&#146; active, network-connected instances of the application), and/or (iii)&nbsp;the rendering of such materials (which process may include decryption, caching and playback of digital data embodying
sound recordings); and which in all cases carries solely Company Branding in visual or audio format (subject to the inclusion of Advertisements in the case of the Ad Supported Service). For clarity, Approved Interfaces will be deemed to include,
without limitation, (i)&nbsp;the Spotify Client, (ii)&nbsp;the Spotify Web Player, (iii)&nbsp;interfaces utilizing the App Remote, (iv)&nbsp;the Play Button, (v)&nbsp;interfaces utilizing the Company API (as defined in Exhibit M (API/SDK
Requirements)), (vi) Company Branded widgets/iFrames capable of being embedded into third party websites and third party applications using the Company API, and (vii)&nbsp;Company Branded interfaces utilizing Spotify Connect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Approved Server Copies</U>&#148; means the limited number of Content Files as encoded into Approved Formats solely as reasonably
necessary in connection with delivery via each Service in accordance with the terms and conditions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Authorized
Ancillary Materials</U>&#148; means materials provided to Company by Label or Orchard outside of Label&#146;s and Orchard&#146;s automated content delivery feeds which are the subject of a written authorization (which may include by way of email) by
a person who, objectively, has sufficient seniority to bind Label for Company&#146;s use thereof, which authorization may be limited in scope by reference to territory, time period and/or distribution channels. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Authorized Artwork</U>&#148; means the cover art, as used by Label or Orchard in connection with the Authorized Recording as
distributed by Label or Orchard (as the case may be) in the Territory that is delivered to Company by Label or Orchard for use in connection with the applicable Services pursuant to paragraph 12 below ****. Notwithstanding the foregoing or anything
elsewhere in this Agreement, all artwork delivered by Label or Orchard to Company for use under this Agreement pursuant to paragraph 12 below **** shall be deemed Authorized Artwork for all purposes under this Agreement, including for the avoidance
of doubt, for purposes of section 6(d)(2) of the letter agreement portion of this Agreement, through and including the expiration of the period for taking down the artwork concerned in accordance with and subject to paragraph 7(e) below ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Authorized Audio Recording</U>&#148; means an audio
recording delivered by Label and/or Orchard to Company pursuant to paragraph 12 below ****, which Label has the right to exploit via the Services in one or more parts of the Territory. Notwithstanding the foregoing or anything elsewhere in this
Agreement, all audio recordings delivered by Label or Orchard to Company for use under this Agreement pursuant to paragraph 12 below **** shall be deemed Authorized Audio Recordings for all purposes under this Agreement, including for the avoidance
of doubt, for purposes of section 6(d)(2) of the letter agreement portion of this Agreement, through and including the expiration of the period for taking down the audio recording concerned in accordance with and subject to paragraph 7(e) below
****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Authorized Materials</U>&#148; means individually and collectively, Authorized Recordings, Authorized Artwork, associated
metadata and any Preview Clips and all other artistic and literary materials delivered to Company under this Agreement pursuant to paragraph 12 below **** for use in connection with the Services, together with Authorized Ancillary Materials. For the
avoidance of doubt, Local Files may include sound recordings owned or controlled by Label, but shall not be considered Authorized Materials for the purposes of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Authorized Recordings</U>&#148; means Authorized Audio Recordings and Authorized Video Recordings. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Authorized Trade Marks</U>&#148; means any Trade Mark owned and/or controlled by Label or Orchard and made available to Company
pursuant to the terms and conditions of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Authorized Video Recording</U>&#148; means an audiovisual recording
delivered by Label and/or Orchard to Company pursuant to paragraph 12 below **** for exploitation via the Services in one or more parts of the Territory. Notwithstanding the foregoing or anything elsewhere in this Agreement, all audiovisual
recordings delivered by Label or Orchard to Company for use under this Agreement pursuant to paragraph 12 below **** shall be deemed Authorized Video Recordings for all purposes under this Agreement, including for the avoidance of doubt, for
purposes of section 6(d)(2) of the letter agreement portion of this Agreement, through and including the expiration of the period for taking down the audiovisual recording concerned in accordance with and subject to paragraph 7(e) below ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Billing Providers</U>&#148; means mobile network operators, fixed line internet service providers and Label-approved providers of
payment services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Cached Downloads</U>&#148; means encrypted digital files embodying audio or audiovisual recordings that are
downloaded and securely stored on an Approved Device utilizing an appropriate technical solution approved by Label, for the purposes of caching particular recordings for offline playback, provided always that such device may only render the files
for playback in the event that the device remains authorized as a result of the Subscriber having a valid, subsisting Premium Subscription, **** provided further that Local Files shall not be within the scope of this definition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Cached Streams</U>&#148; means encrypted digital files embodying audio or audiovisual recordings that are downloaded and temporarily
cached on an Approved Device utilizing an appropriate technical solution approved by Label, **** provided further that Local Files shall not be within the scope of this definition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Change of Control</U>&#148; means the closing of a transaction as a result of which those Persons who held 100% of the issued share
capital of the ultimate parent company of Company and its Affiliates (collectively, the &#147;<U>Spotify Group</U>&#148;) immediately prior to the transaction hold less than **** of the issued share capital of, or voting power in respect of, the
ultimate parent company of the Spotify Group immediately after the closing of the transaction, unless the transaction consists of an internal restructuring or a listing of equity securities of the Company, its parent or any of its Affiliates on an
internationally recognized stock exchange or similar marketplace of recognized national standing (&#147;<U>IPO</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Branding</U>&#148; means the &#147;<I>Spotify</I>&#148; Trade Mark and any other indicia of branding owned by Company and
generally used by Company in conjunction with the applicable Service together with the &#147;Spotify&#148; Trade Mark. Unless otherwise agreed by Label, such indicia of branding shall not include those owned by parties who,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">at the date of signature of this Agreement, are third parties (other than
affiliates of Company, parties that become affiliates of the Company, or that Company or its affiliates acquire during the Term). &#147;<U>Company Branded</U>&#148; shall be construed accordingly. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Company Servers</U>&#148; means secure internal computer servers utilized in connection with the Services, **** to use such Content
Files on behalf of third parties). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Content File</U>&#148; means a digital file (or set of files) consisting of one or more
Authorized Recordings, together with corresponding Authorized Artwork and metadata as designated by (or on behalf of) Label or Orchard in its sole discretion in each instance, which is delivered to Company hereunder **** in accordance with the
applicable Content Preparation and Delivery Specifications. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Content Preparation and Delivery Specifications</U>&#148; means the
content preparation and delivery specifications for Authorized Materials mutually agreed by the parties hereto, which at the Effective Date shall be those attached as Exhibit I. Label may change such specifications from <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-to-time</FONT></FONT> in its sole discretion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Content Usage
Rules</U>&#148; means a set of electronic instructions (or contractual requirements, as the case may be) that directs, enables and governs the performance of permitted operations or the restriction of unauthorized operations with respect to the use
of Authorized Recordings via any particular Service, as set out in Exhibit C. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Dispute</U>&#148; means any dispute, controversy
or claim arising out of or relating to this Agreement or the breach or validity hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Distribution Servers</U>&#148; means
publicly accessible computer servers utilized in connection with distribution of content via the Services, including but not limited to servers forming part of content distribution networks (CDNs), provided always that Company and/or Service
Providers have the right and ability to access or manage such servers and to make directions with respect to storage, hosting, delivery and other use of content thereon, including but not restricted to the right and ability to require the addition,
disabling and/or removal of particular Approved Server Copies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Eligible Recordings</U>&#148; means ****, **** and ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>End User</U>&#148; means, at any particular time, a natural person who has registered for one of the Services - including for the
avoidance of doubt any person who has registered for a Free Trial, and in all cases remains in good standing pursuant to the Service&#146;s terms of service and privacy policy. For the avoidance of doubt, in relation to Subscription Services, an End
User is sometimes referred to herein as a &#147;Subscriber.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">**** of no fewer than **** and no greater than **** audio recordings
and **** audiovisual recordings, ****, and solely in relation to the use and exploitation of Authorized Recordings, subject to **** rules ****, as further described herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Excluded Deal Point</U>&#148; means ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Family Average</U>&#148; means ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Family Member</U>&#148; means each Subscriber added to and linked with a particular Family Premium Subscription by the corresponding
Master Subscriber, subject to and in accordance with Paragraph 8(c)(4). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>First Tier Executives</U>&#148; means **** (as of the
Effective Date, ****) on behalf of Company, and **** (as of the Effective Date, ****) on behalf of Label. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Fulfillment
Services</U>&#148; means services and activities involving the possession and/or control of Authorized Materials via Distribution Servers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means a period of up to **** from the date that a Subscriber **** to Company for a Subscription Service as a result of
any **** provided, however, that (i)&nbsp;for the avoidance of doubt, if a **** shall not be eligible for a **** and (ii)&nbsp;any payment received during a **** will be applied to the period commencing on the ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Gross Revenues</U>&#148; means, with respect to audio
and audiovisual Streams, Cached Streams and/or Cached Downloads, with respect to the applicable Service in the applicable ****, the sum of: (i)&nbsp;all revenues attributable to **** generated from Approved Interfaces through which the Services are
made available; (ii)&nbsp;all revenues attributable to **** generated via the Service, ****, (iii) all revenues directly attributable to the **** sold by Company or its agents through the applicable offering of the Service, including Approved
Interfaces, ****; (iv) solely with respect to the Subscription Services, all subscription fees paid by Subscribers in consideration of access to the Subscription Services ****<B> </B>and income from providing access to **** for any fixed period of
time or as part of any retail promotion, ****; (v) any share of **** received by Company for delivery of the Services that Company may be able to secure from **** in consideration of the distribution of the Services; (vi)&nbsp;all revenues directly
attributable to ****; and (vii)&nbsp;all gross monies paid or payable by or on behalf of any Person (including <FONT STYLE="white-space:nowrap">so-called</FONT> ****, <FONT STYLE="white-space:nowrap">so-called</FONT> **** and ****), whether
structured as a <FONT STYLE="white-space:nowrap">one-time</FONT> payment or as a recurrent payment or revenue share, **** from any Approved Interface that is accessible only by End Users of the applicable Service, directly or indirectly, to any
****, or other **** of (aa) in the case of the Subscription Services, **** from End Users **** to an **** (or accrued by Company ****, as applicable), and (bb) in the case of the Ad Supported Services, ****. For the avoidance of doubt, &#147;Gross
Revenues&#148; expressly **** in connection with **** Company&#146;s provision of ****. Notwithstanding any other part of this definition, it is agreed that Company shall not ****, or conduct business with third parties (including but not limited to
advertisers)&nbsp;(x) in a manner that is **** or (y)&nbsp;in a manner that is **** of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt,
revenues derived from ****, revenues derived from Company&#146;s performing **** in connection with such ****, revenue from **** and other ****, shall not be considered &#147;****&#148; for purposes of the definition of &#147;Gross Revenues&#148;.
For purposes of determining **** hereunder, any **** shall be accounted for on the basis of the **** provided, however, that the **** shall not be deemed &#147;Gross Revenues.&#148; **** </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the further avoidance of doubt, in scenarios where Company elects to ****, whether or not involving a **** (each such scenario, a
&#147;<U>****</U>&#148;) then provided (i)&nbsp;such **** is not otherwise prohibited under this Agreement and (ii)&nbsp;the **** concerned does not also include, as a primary component thereof, ****), and (iii)&nbsp;the **** has been, or will be
from the date of commencement of **** in the applicable country or countries on a **** or such third party product or service is an ****; and (iv)&nbsp;the primary purpose of the **** is not the **** to one or more of the Services, then any **** by
Company **** of the applicable Subscription Service in the applicable country shall be **** Gross Revenues, provided always that such **** are offered via Company at a **** that is **** not offered via Company. To the extent that Company wishes to
retail access to a Subscription Service bundled with any **** in a manner which is <FONT STYLE="white-space:nowrap">non-compliant</FONT> with the preceding sentence, then absent Label&#146;s prior written approval on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis, all ****. For the avoidance of doubt, Label&#146;s prior written approval shall not be required if the **** is otherwise in compliance with this
paragraph and also includes ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>HD Quality</U>&#148; means either or both (i)&nbsp;higher audio quality than that offered by
the Services in accordance with the terms of this Agreement being either (aa) at a higher than **** or (bb) any ****<B> </B>or (ii)&nbsp;higher video quality (being at **** or a higher quality). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Internet</U>&#148; means the publicly accessible worldwide system of computer networks that transmits data by means of packet
switching based on a global network infrastructure with the following attributes: (i)&nbsp;it is logically linked together by an address system based on the Internet Protocol (IP); and (ii)&nbsp;it effectuates data transmissions by means of
Transmission Control Protocol/Internet Protocol (TCP/IP). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Growth Offers</U>&#148; mean offers to subscribe to the Subscription
Services at rates below standard retail prices in the applicable country, including Intro Offers and Winback Offers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Label
Artist</U>&#148; means a recording artist whose musical performances are embodied in Authorized Recordings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means
a value for the applicable part of the Territory as set out in Exhibit L below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Local Files&#148;</U> means permanent downloads
of digital audio or audiovisual material that a user has stored locally for playback on an Approved Device. Local Files may include sound recordings owned and/or controlled by Label and/or Orchard. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; shall mean, in relation to Authorized
Materials, a feature of the **** which purpose is to (a) **** use (b) **** to improve playback, and (c)&nbsp;improve user engagement by **** as set forth in the Content Usage Rules applicable to ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Marketing and Promotional Support</U>&#148; means, but shall not be restricted to, <FONT STYLE="white-space:nowrap">so-called</FONT>
****; placement of **** and placement within **** features; ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Master Subscriber</U>&#148; means, in the case of any
particular Family Premium Subscription account, the Subscriber who subscribes to the Family Premium Subscription and maintains control of Family Members registered to such Family Premium Subscription account from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Mobile Device</U>&#148; means a cellphone, mp3 player, handheld video games console, multi-room entertainment device (e.g., SONOS or
Logitech Squeezebox, etc.), Wearable, ****, and any other device approved in writing by SME, that (a)&nbsp;connects directly or indirectly to Distribution Servers and, optionally, to other peers running an Approved Interface, (b) ****,<B> </B>(c) is
capable of connecting to Distribution Servers via the Internet using a fixed line, <FONT STYLE="white-space:nowrap">Wi-Fi</FONT> and/or cellular data connection, and (d)&nbsp;complies with the terms, conditions and limitations prescribed in this
Agreement, including the applicable Technical and Security Specifications. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Mobile Shuffle Service</U>&#148; means the service
offering End Users <FONT STYLE="white-space:nowrap">pre-programmed</FONT> access (and, solely in the case of **** in accordance with the definition of &#147;****,&#148; the Content Usage Rules and the provisions of Exhibit J), via Approved
Interfaces to Streams and Cached Streams of audio and audiovisual recordings (together with corresponding cover artwork), including but not limited to Authorized Recordings (together with Authorized Artwork) in an Approved Format, solely on **** and
on an Ad Supported basis, through such End User&#146;s single User Profile, and solely in relation to the use and exploitation of Authorized Materials, in compliance with the terms, conditions and limitations prescribed in this Agreement, including
the Technical and Security Specifications, provided that such access shall always be offered in accordance with both the Content Usage Rules and the provisions of Exhibit J. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Monthly Active User</U>&#148; means any End User who has accessed at least one (1)&nbsp;Royalty Bearing Play of audio or audiovisual
content (whether or not such content embodied an Authorized Recording) during ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>&#147;Music Data</U>&#148; means any and all data
in connection with, or related to, or **** or metadata associated therewith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means Royalty Bearing Plays of,
individually and collectively, (i) **** for such plays **** (as applicable), (ii) **** for such plays in the **** (as applicable), and (iii)&nbsp;any ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means (i)&nbsp;recordings of **** that are delivered by ****; (ii) recordings in which **** or **** license, other
than ****; or (iii)&nbsp;recordings created by Company or its Affiliates, for which Company, the Company Affiliate or such third party has ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>On Demand</U>&#148; means, in relation to a Stream, Cached Stream or Cached Download, the ability of a user to select the specific
recording embodied in such Stream, Cached Stream or Cached Download, and the timing of its playback. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Orchard</U>&#148; means
Orchard Enterprises, Inc. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Orchard Materials</U>&#148; means any and all Authorized Recordings delivered directly to Company via
a separate content feed managed by Orchard independently of the content feed managed by Label. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Orchard&#146;s Usage
Percentage</U>&#148; means a fraction, the numerator of which is the **** of **** and **** supplied by Orchard or its Affiliates to Company, and the denominator of which is **** of **** (including **** and **** supplied by Orchard or its Affiliates
to Company), subject to, in the month concerned (i)&nbsp;the number of Royalty Bearing Plays of **** being **** of all **** of ****, and (ii)&nbsp;the number of Royalty Bearing Plays of **** in the denominator being **** of all **** of ****. Company
shall use a ****, including but not restricted to the manner of ****. This fraction shall be calculated separately for the **** and each of the ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means an audio or audiovisual recording
**** Company in connection with which Company, any of Company&#146;s Affiliates and/or a third party **** a bona-fide arms-length **** for the **** (in respect of audiovisual recordings) or **** (in respect of audio recordings) in such content, but
excluding ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Other Party</U>&#148; means **** and any of their Affiliates, successors and assigns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Parties</U>&#148; means Label and Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted ****</U>&#148; means (i)&nbsp;in the event that access to a Subscription Service is retailed to Subscribers by Billing
Providers on behalf of Company, for each such Billing Provider the **** in connection with transactions related to such Billing Provider, subject always to **** of the **** attributable to all transactions related to such Billing Provider, ****. As
of the Effective Date, **** for the purposes of this Agreement. Company shall notify Label in writing of ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted
Services</U>&#148; means a service offering <FONT STYLE="white-space:nowrap">on-demand</FONT> streaming that (i)&nbsp;is owned or controlled (&#147;controlled&#148; meaning the ownership of **** or more of the securities in the company operating
such service or the ultimate parent entity thereof) by Label, under any brand or <FONT STYLE="white-space:nowrap">co-brand,</FONT> and/or (ii)&nbsp;offers only limited duration ****; and/or (iii)&nbsp;offers Ad Supported <FONT
STYLE="white-space:nowrap">on-demand</FONT> streaming in connection with limited term, <FONT STYLE="white-space:nowrap">non-recurring,</FONT> niche-based offerings (e.g. offerings limited by genre or including a materially reduced number of tracks
as compared to the total digital catalogues of its licensors); or (iv)&nbsp;does not offer **** functionality and can reasonably and objectively be viewed as ancillary to the service operator&#146;s primary business model of ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Person</U>&#148; means any natural person, legal entity, or other organized group of persons or entities. (All pronouns, whether
personal or impersonal, which refer to Persons include natural persons and other Persons). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Play Button</U>&#148; means a Company
Branded and Company controlled widget or web browser plug in, which is a remote control to the Services, provided any user who is not an End User attempting to utilize such remote control feature will be invited to become an End User. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Premium ****</U>&#148; means an amount, **** to the relevant Subscription Service, as set out in Exhibit H, and, in the context of
calculation of Wholesale Fees, sometimes referred to as amount X (in respect of the Premium Subscription) and amount W (in respect of the Online Subscription). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;<U>Preview Clips</U>&#148; means Streams accessible to Approved Devices comprising either (i)&nbsp;the first ****seconds of each relevant Authorized
Audio Recording, (ii)&nbsp;the **** second region of each Authorized Audio Recording which is communicated by Company via metadata, or (iii)&nbsp;another **** second region as determined by Company, provided always that (a)&nbsp;Company applies only
one of option (i), (ii) or (iii)&nbsp;across all Authorized Audio Recordings, (b)&nbsp;each such Stream is made available in **** the relevant full-length Authorized Audio Recording via an Approved Interface, provided that where a person clicks such
link without already being logged into one of the Services on the Approved Device concerned, such person shall be invited to log into his/her User Profile<B> </B>or to sign up to become a Subscriber of one of the Services, provided that **** having
listened to a such Stream; and (c)&nbsp;in the event Company applies option (iii), it is acknowledged that Label shall be entitled to issue a Take Down Notice in respect of any particular clip in the case of bona fide artist relationship issues, in
which case Company shall replace the affected clip with a clip based on a different region of the Authorized Audio Recording in consultation with Label. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Prohibited Entity</U>&#148; means (A)&nbsp;an entity (or the parent, subsidiary or affiliate of any such entity) against which Label,
any affiliate or any licensee of Label has a claim arising out of the unauthorized recording, manufacture, distribution, sale, reproduction (or other use) of any Authorized Materials or other related property or other related tangible or intangible
rights, (B)&nbsp;an entity (or the parent, subsidiary or affiliate of any such entity) involved in litigation with Label or any of its affiliates or licensees arising out of the unauthorized recording, manufacture, distribution, sale, reproduction
(or other use) of any Authorized Materials or other related property or other related tangible or intangible rights, (C)&nbsp;an entity (or the parent, subsidiary or affiliate of any such entity) engaged in any unauthorized recording, manufacture,
distribution, sale or other activity in violation of Label&#146;s or its affiliate&#146;s or licensee&#146;s rights, or (D) ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means **** within Approved Interfaces
which gives End Users the option to click to Stream a specific recording (which may or may not be an Authorized Recording selected by Label or Orchard) which is available at such point of time on the Services. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Publishing Costs</U>&#148; means all monies payable to Persons (or to third parties authorized as agents acting on such Persons&#146;
behalf) that own or control rights in or to musical compositions (e.g., music publishers or applicable rights societies with appropriate jurisdiction) in connection with exercising Publishing Rights. For the avoidance of doubt, Company shall be
****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Publishing Rights</U>&#148; means all rights, consents, licenses and permissions necessary for the following acts
undertaken after Company&#146;s receipt of the applicable Content File from Label: (i)&nbsp;the reproduction, communication to the public, public performance, digital audio transmission and generally making available in connection with the
applicable Service of musical compositions embodied in Authorized Materials, and (ii)&nbsp;the communication to the public of musical compositions embodied in any Advertisements placed on the Service by Label or Orchard on its own behalf or on
behalf of any third party. For the avoidance of doubt: (a)&nbsp;Label shall not be responsible for any license required for the reproduction, inclusion or synchronization of any musical compositions embodied in any Advertisements placed on the
Service (except in relation to Advertisements embodying musical compositions (and any dramatic, literary or other works, as the case may be) that are placed on the Services by or on behalf of Label or Orchard (A) ****, and/or (B)&nbsp;using
Advertisement inventory that is purchased by Label or Orchard pursuant to Exhibit K or otherwise; and (b)&nbsp;as between Label and Company, Company shall be solely responsible for acquiring, administering, and maintaining all Publishing Rights
(except in relation to Advertisements embodying musical compositions (and any dramatic, literary or other works, as the case may be) that are placed on the Services by or on behalf of Label or Orchard (A) ****, and/or (B)&nbsp;using Advertisement
inventory that is purchased by Label or Orchard pursuant to Exhibit K or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Radio Type Service</U>&#148; means
(i)&nbsp;a radio type non on demand streaming service that has a link to a terrestrial, cable or satellite radio or broadcast service, or (ii)&nbsp;any part of a radio type non on demand streaming service that is not directly licensed by Label or
Orchard, but through collective agreements or statutory licenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Registered Payment Method</U>&#148; means a valid credit card,
debit card, PayPal account, electronic checking account, <FONT STYLE="white-space:nowrap">so-called</FONT> <FONT STYLE="white-space:nowrap">&#147;e-wallet&#148;</FONT> account or other payment method on file with Company, or a third party billing
infrastructure service provider (e.g. integrated billing by mobile carriers or app stores). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Record Labe</U>l&#148; means a ****
meaningfully engaged in the business of developing, producing, distributing, and/or otherwise exploiting recorded music.<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means recordings owned or controlled by, and delivered (whether directly or via an aggregator) by, **** in which
Company or its Affiliates ****, but for the avoidance of doubt excluding ****, **** and any ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Release Date
Information</U>&#148; shall mean, collectively, General Release Date and Ad Supported Release Date information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Royalty Bearing
Play</U>&#148; means any Stream, or playback of a Cached Stream or Cached Download, of an item of audio or audiovisual content (****) via the relevant Service (or part thereof), whether ****, or occurring ****, provided that such Stream or playback
(i)&nbsp;has a minimum duration of **** seconds; (ii)&nbsp;is ****; and (iii)&nbsp;represents a master recording in respect of which exploitation is **** to Company or in respect of which Company **** during the applicable accounting period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Second Tier Executives</U>&#148; means the **** (as of the Effective Date, ****) on behalf of Company, and **** (as of the Effective
Date, ****) on behalf of Label. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Services</U>&#148; means the Ad Supported Service and Subscription Services that are produced,
programmed, managed and operated (as applicable in each case) solely by Company, are marketed solely under the Company Branding (provided that Company may undertake <FONT STYLE="white-space:nowrap">co-marketing</FONT> campaigns with third parties,
subject to its compliance with the rest of this Agreement), are available in the Territory and which conform to the Technical and Security Specifications. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Service Provider</U>&#148; means a Person appointed by
Company to fulfill any of its obligations under this Agreement in connection with the Services, provided that (a)&nbsp;solely in connection with Service Providers that provide Fulfillment Services, Company ****; and (b)&nbsp;Company&#146;s
authorization of each Person to undertake Fulfillment Services on Company&#146;s behalf shall not in itself relieve Company of any of its obligations set forth in this Agreement or give any such Person any direct right, claim or cause of action
against Label or any of its Affiliates, whether as a third party beneficiary or otherwise. The ****, are set forth in Exhibit F hereto, and are hereby ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Similar Authorized Services</U>&#148; shall mean any one (1)&nbsp;or more **** within the relevant part of the Territory, ****; and
(iii) ****, provided that in the case of any subscription service combining access to label-licensed master recordings and ****, such service shall be deemed to offer Label-licensed master recordings only. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>SME Materials</U>&#148; means any and all Authorized Recordings delivered directly to Company via a content feed managed by or on
behalf of Label independently of the content feed managed by Orchard. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>SME&#146;s Usage Percentage</U>&#148; means a fraction,
the numerator of which is the **** of **** of SME Materials and Authorized Ancillary Materials supplied by Label or its Affiliates to Company, and the denominator of which is the **** of **** (including SME Materials and Authorized Ancillary
Materials supplied by Label or its Affiliates to Company), subject to, in the **** concerned (i)&nbsp;the number of **** of **** being **** of all **** of ****, and (ii)&nbsp;the number of **** of **** in the **** of all **** of ****. Company shall
use a ****, including but not restricted to the manner of ****. This **** for the **** and each of the ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify
Client</U>&#148; means a stand alone, Company Branded software application downloaded to an End User&#146;s Approved Device or <FONT STYLE="white-space:nowrap">pre-installed</FONT> on such device and developed solely for the making available of the
Services through domains owned and controlled by Company, and downloaded from Company&#146;s website or an application store. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Connect</U>&#148; means a feature of the Services that allows an End User to play back music from one device to another as
described in the White Paper attached hereto as Exhibit D. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Spotify Web Player</U>&#148; means a Company Branded, Company owned
and controlled audio player situated on Company&#146;s website and used solely for the making available of the Services from Company&#146;s website. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Static Device</U>&#148; means laptop, ultraportable or desktop personal computer, ****, but excluding ****, that (a) ****, is
primarily intended for use in a fixed location, (b) ****, (c) is capable of connecting to Distribution Servers via the Internet using a fixed line, <FONT STYLE="white-space:nowrap">Wi-Fi</FONT> and/or cellular data connection, and (d)&nbsp;complies
with the terms, conditions and limitations prescribed in this Agreement, including the applicable Technical and Security Specifications. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Stream</U>&#148; (as a noun) means each instance in which any portion of a recording is delivered by means a digital transmission
which is substantially contemporaneous with the performance of the audio or audiovisual recording embodied therein and delivered in an approved format that is designed so that such recording cannot be digitally copied, duplicated or stored in a
renderable form in any manner or medium in whole or in part, directly or indirectly (other than any temporary copies used solely for <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;caching&#148; or &#147;buffering&#148;).
&#147;<U>Streaming</U>&#148; shall be construed accordingly. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Subscriber</U>&#148; means an End User who subscribes to one of the
Subscription Services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Subscription Service</U>&#148; means one of the following services, each offering Subscribers within the
Territory unlimited <FONT STYLE="white-space:nowrap">on-demand</FONT> and <FONT STYLE="white-space:nowrap">pre-programmed</FONT> advertising-free access to audio and audiovisual recordings (together with corresponding cover artwork), including but
not limited to Authorized Recordings in the relevant Approved Format (together with Authorized Artwork), in compliance with the terms, conditions and limitations prescribed in this Agreement, including the Technical and Security Specifications and
the Content Usage Rules: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Online Subscription</U>&#148;, meaning a subscription providing access via Approved Interfaces to audio and/or audiovisual recordings via Streams though a single User Profile solely on Static Devices, in return
for a periodic subscription fee (other than in connection with free trials (including Free Trials) and bundled access, in which cases, for the avoidance of doubt, there is no periodic subscription fee); </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Premium Subscription</U>&#148;, meaning a subscription providing access via Approved Interfaces to audio and/or audiovisual recordings via Streams and Cached Downloads through a single User Profile on Static
Devices, and Mobile Devices in return for a periodic subscription fee (other than in connection with free trials (including Free Trials) and bundled access, in which cases, for the avoidance of doubt, there is no periodic subscription fee); and
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Family Premium Subscription</U>&#148;, meaning a single subscription providing access via Approved Interfaces to audio and/or audiovisual recordings via Streams and Cached Downloads for one Master Subscriber
and **** separate Family Members, each through their own separate User Profiles, on Static Devices, and Mobile Devices, in return for a single periodic subscription fee (other than in connection with free trials (including Free Trials) and bundled
access, in which cases, for the avoidance of doubt, there is no periodic subscription fee). </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt,
subscription fees payable by Subscribers may be billed by Company or an Authorized Distributor, and such fee may be charged in respect of access to the service on a stand-alone basis or access as bundled with the products and services of such
Authorized Distributor. Subscriptions may also be sold whereby a Subscriber pays for multiple subscription periods (for example, 12 months) <FONT STYLE="white-space:nowrap">up-front</FONT> or by redeeming Company Branded gift cards, gift codes or
vouchers issued directly by Company or via third party retailers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Technical and Security Specifications</U>&#148; means those
technical and security specifications, operational features and <FONT STYLE="white-space:nowrap">mock-ups</FONT> of the Services, attached hereto as Exhibit C. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>****</U> that allow Label, at its expense, to **** on either or all of the Subscription Service, the Ad Supported <FONT
STYLE="white-space:nowrap">On-Demand</FONT> Service and/or the Mobile Shuffle Service, and also users of **** on such online/mobile properties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Termination Event</U>&#148; means a termination of the Term by Company based on an SME Default Event (but not pursuant to the second
to last sentence of section 5(a)(3)). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Third Party Solicited</U>&#148; means brought to the attention of the applicable End User
through either a ****, connection or other **** including in the form of a ****, but not otherwise brought to the attention of the applicable End Used by Company, and not ****. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">**** means the sum of (A)&nbsp;the value of column I for the month immediately preceding the ****, and (B)&nbsp;the fraction equal to {[the
ratio between (i)&nbsp;the number of days elapsed in the particular month of the Contract Period during which a ****, and (ii)&nbsp;the total number of days in the particular month of the Contract Period during which the ****], multiplied by the
value in column II below}, for the month during which the ****: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:23.10pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Month</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Column&nbsp;I</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Column&nbsp;II</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Apr</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jun</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jul</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Aug</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sep</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Oct</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Nov</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dec</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Feb</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Trade Marks</U>&#148; means trade marks and service
marks, trade names, brand names, corporate names, logos, trade dress, and other words, designations, symbols, designs, colors, color combinations or product configurations, whether registered or unregistered. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Trial Days</U>&#148; means each such day in which an End User is offered free access to the Premium Subscriptions, Family Premium
Subscriptions and/or student subscriptions, ****. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Unlaunched Country</U>&#148; means any country in which none of the Services
have launched as of the Effective Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>User Profile</U>&#148; means the unique profile on the Services associated with a
particular End User which contains such End User&#146;s personal preferences, playlists, followers and other information corresponding to such End User, including but not limited to information used by Company to enforce the Content Usage Rules such
as details of the End User&#146;s currently registered Approved Devices and, in the case of a Subscriber to a Subscription Service, such Subscriber&#146;s Registered Payment Method (except in the case of a Family Premium Subscription, in which case
the **** within the User Profiles of the Family Members). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>User Solicited</U>&#148; means selected by the relevant End User via
search results or a self-curated or third party curated playlist added to his/her User Profile. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Voice-Controlled
Device</U>&#148; means an electronic speaker or other device which is designed and marketed with the intention of being controlled primarily by voice-control (including but not limited to Amazon Echo and Google Home devices). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Wearable</U>&#148; means a wearable electronic watch, <FONT STYLE="white-space:nowrap">clip-on</FONT> music player, wristband, or
headphone which incorporates the Spotify Client. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U><FONT STYLE="white-space:nowrap">Wi-Fi</FONT></U>&#148; means wireless local
area networks providing general Internet access such as the Institute of Electrical and Electronics Engineers&#146; family of <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;8.02.11x&#148; standards, whether configured for private use (e.g.,
in a home or office environment) or public use (e.g., at a <FONT STYLE="white-space:nowrap">so-called</FONT> public &#147;hot spot&#148;, whether or not a fee is charged or permission is required for connectivity). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Wholesale Fees</U>&#148; shall have the meaning set out in Paragraph 10. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2. <U>Term</U>: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>General</U>. The
&#147;<U>Term</U>&#148; shall begin on the Effective Date, and, unless earlier terminated in accordance with the terms herein, shall subsist during the following consecutive periods of time: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">**** </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Each **** of the Term is
sometimes referred to herein as a &#147;<U>Contract Period</U>&#148;. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding any extension amendments that extended the Term (as
defined in the Prior Agreement) of the Prior Agreement prior to the Effective Date, the Parties hereby agree that the Term (as defined in the Prior Agreement) of the Prior Agreement shall only be deemed extended through the commencement of the
Effective Date.<B> </B> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>Framework Amendment</U>. Reference is hereby made to
(x)&nbsp;that certain Third Party Distribution Approval Framework Amendment by and between Label and Company dated as of 20&nbsp;October, 2014, as amended or otherwise supplemented (the &#147;<U>Framework Amendment</U>&#148;); and the agreements
entered into by and between Label and Company relating to Label&#146;s authorization of third party distribution of certain Services, as set out in the table immediately below this paragraph (collectively, &#147;<U>Bundle Deals</U>&#148;).
Notwithstanding the termination of the Term (as defined in the Prior Agreement) of the Prior Agreement, the Parties hereby agree that (i)&nbsp;except as expressly set forth elsewhere in this Agreement (including, for the avoidance of doubt, pursuant
to Paragraph 10(l) below), the Framework Amendment and Bundle Deals shall continue to apply with full force and effect, including with respect to any and all Partner Schedules entered into pursuant to the Framework Amendment prior to the Effective
Date, for the full duration of the applicable Offer Period, and (ii)&nbsp;from and after the Effective Date, the term of the Framework Amendment, Partner Schedules and Bundle Deals shall be measured by the termination or earlier expiration of the
Term of this Agreement, instead of the termination or earlier expiration of the Term (as defined in the Prior Agreement) of the Prior Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>List of Bundle Deals as at Effective Date </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:26.65pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Partner</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Territory</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Launch Date</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">AR</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">10-Oct-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">GR</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">25-Oct-2013</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">AT</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Jun-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">DE</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">29-Aug-2012</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">HU</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">20-Jun-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">CO</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">6-Oct-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">PH</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Apr-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">NL</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Nov-2011</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">BE</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Nov-2012</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">MY</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">16-Oct-2013</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">CH</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">25-Feb-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">AR</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">10-Oct-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">ES</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Mar-2013</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">MX</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">2-Dec-2013</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">NZ</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">28-Feb-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">DK</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">22-May-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EE</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Jul-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">FI</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Sep-2010</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">LT</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">12-Jun-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">LV</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">7-Jul-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">NO</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">31-Jul-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">SE</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">18-Sep-2009</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">GB</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Nov-2011</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">IE</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">17-Nov-2013</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">IT</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">10-Mar-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">PT</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Jul-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">GB</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-Aug-2013</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">US</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">2-May-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">UK</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">9-Feb-2014</FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">IS</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">21-Aug-2013</FONT></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>B2B Amendment</U>. Reference is hereby made to the Digital Content Distribution Agreement entered into
by and between Label and Company in connection with Label&#146;s grant of rights to Company in relation to commercial premises, dated as of 15&nbsp;October 2015 and as subsequently amended or otherwise supplemented
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(the &#147;<U>B2B Amendment</U>&#148;), Notwithstanding the termination of the
Term (as defined in the Prior Agreement) of the Prior Agreement, the Parties hereby agree that the B2B Amendment shall continue to apply with full force and effect during the subsistence of the Term of this Agreement, subject to either Party having
the right to terminate its term upon **** written notice to the other Party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <U>Family Premium Subscription</U>. Notwithstanding the
foregoing or anything elsewhere in this Agreement or the Prior Agreement, the Parties hereby agree that (A)&nbsp;the following provisions of this Agreement will have retroactive effect to May&nbsp;23, 2016 in each country of the Territory under the
Prior Agreement (in lieu of any corresponding provisions set forth in the Prior Agreement): (i) the Grant of Rights set forth in this Agreement for Family Premium Subscriptions, (ii)&nbsp;the Content Usage Rules set forth in this Agreement for
Family Premium Subscriptions, and (iii)&nbsp;the eligibility criteria set forth in this Agreement for Family Premium Subscriptions; and (B)&nbsp;the determination and calculation of wholesale fees for Premium Subscriptions with multiple User
Profiles (as defined in the Prior Agreement) associated with the same subscription in each country of the Territory for any periods prior to the Effective Date shall be determined and calculated by giving effect to (x)&nbsp;the provisions of
paragraph 10(a)(1)(A)(iv)(b)(II) of this Term Sheet (in respect of SME Materials, ****,) in lieu of any otherwise applicable minima for the determination and calculation of Wholesale Fees **** prescribed in paragraph 10(1)(A)(iii)(b) **** in respect
of SME Materials **** in connection with such offerings, and (y)&nbsp;the provisions of paragraph 10(a)(2)(A)(iv)(b)(II) of this Term Sheet (in respect of Orchard Materials, ****), in lieu of any otherwise applicable minima for the determination and
calculation of Wholesale Fees **** prescribed in paragraph 10(2)(A)(iii)(b) **** in respect of Orchard Materials **** in connection with such offerings. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>3. <U>Territory</U>: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) In respect of
all Services licensed under this Agreement, the authorized territory shall be the world, excluding Japan (the &#147;<U>Territory</U>&#148;). Notwithstanding the foregoing and at all times subject to Paragraph 6, Company acknowledges that certain
Authorized Materials may only be eligible for exploitation via the Services in one or more parts of the Territory and the territorial eligibility for each such title will be determined by Label (in relation to SME Materials) or Orchard (in relation
to Orchard Materials) on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">title-by-title</FONT></FONT> basis (via metadata) for each item of Authorized Materials. Label (in relation to SME Materials) or Orchard (in relation to
Orchard Materials) shall communicate to Company territorial eligibility for each item of Authorized Materials in a machine-readable form as part of the corresponding Content File. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Label acknowledges that Company intends to utilize one of the following geographic filtering technologies (such applicable technology, the
&#147;<U>Geographic Filtering Measures</U>&#148;), as determined by Company at its sole election, to assist Company in determining as far as possible in which country any given End User (or potential End User) is located for the purposes of this
Agreement: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) With respect to any End User (or potential End User) who is attempting to access a Stream or log
into/register for a Service, and in any case prior to such End User&#146;s actual Streaming or downloading of Authorized Materials, Company may utilize **** that is designed to determine whether such ****; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) With respect to any End User (or potential End User) who has a Registered Payment Method on file with Company, and prior
to such end user&#146;s actual Streaming or downloading of Authorized Materials, Company may (x) **** located within any particular country of the Territory; or (y)&nbsp;utilize any other reliable technical means available to ascertain **** within
any particular country. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Label acknowledges that Company shall be deemed to be fulfilling its obligations relating to the
territorial-specific grants herein contained, provided it implements one or more Geographic Filtering Measures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>4. <U>Company Commitments</U>:
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>****:</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">In accordance with the terms hereof, ****, Company shall pay Label the **** payable connection with the use and exploitation of Authorized Materials under this Agreement **** (subject only to the exceptions set forth in
Paragraph 4(a)(6) below) and **** (the &#147;<U>****</U>&#148;). </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">In accordance with the terms hereof, ****, Company shall pay Label the **** payable connection with the use and exploitation of Authorized Materials under this Agreement **** (subject only to the exceptions set forth in
Paragraph 4(a)(6) below) and ****) (the &#147;<U>****</U>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Additionally, Company shall pay Label **** (i) **** paid in respect of the Term, and (ii) **** plus **** plus the amount of the **** (if any) and **** (if any), ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">In accordance with the terms hereof, ****, Company shall pay Label **** payable in connection with the use and exploitation of Authorized Materials under this Agreement ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">In accordance with the terms hereof, ****, Company shall pay Label **** Fees payable in connection with the use and exploitation of Authorized Materials under this Agreement ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt, the ****, the ****, the **** and the ****, shall **** of the Term. Notwithstanding the foregoing or anything elsewhere in this Agreement, the determination and calculation of **** under
Paragraph 4(a)(1) above, **** under Paragraph 4(a)(2) above, ****, respectively, shall be made without reference to the amount of any wholesale fees paid to Label or Orchard in connection with: (i)&nbsp;services offered via the ****; (ii) Services
**** with a **** pursuant to ****; (iii) any **** pursuant to any **** entered into pursuant to the **** prior to the **** that ****, but solely for the **** of the applicable **** in the applicable ****, unless expressly provided otherwise in the
applicable ****; and (iv)&nbsp;any **** pursuant to any **** entered into pursuant to the **** during the Term for the applicable **** in the applicable ****, unless expressly provided otherwise in the applicable such ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">To the extent any amounts payable hereunder are required to be converted ****, for purposes of converting such amounts to **** of the ****, such conversion shall be made based on the exchange rates set forth in ****.
Company shall include applicable conversions **** using such exchange rates in monthly Financial Statements. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top">In the event that there is an **** during Contract Period 1, and the **** with respect to Contract Period 1 is greater than the **** during Contract Period 1, then, at the earlier of the end of Contract Period 1 or a
Termination Event during Contract Period 1, the **** by the {**** by the ****}. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(9)</TD>
<TD ALIGN="left" VALIGN="top">In the event that there is an **** during Contract Period 1 or Contract Period 2, and the **** with respect to Contract Period 2 is greater than the **** during Contract Period 2, then, at the earlier of the end of
Contract Period 2 or a Termination Event during Contract Period 2, the **** shall **** by the {**** by the ****}. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">As</TD>
<TD ALIGN="left" VALIGN="top">used in this Paragraph 4(a), the following definitions shall apply: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Acquired Catalogue Streams</U>&#148;<B> </B>means the total of all Royalty Bearing Plays of Authorized Recordings acquired pursuant to an Acquisition during Contract Period 1 or Contract Period 2, as
applicable. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Acquisition</U>&#148; means an event during Contract Period 1 or Contract Period 2, as applicable, by which Label or Orchard or an Affiliate thereof acquires or otherwise obtains rights to make available a
catalog of Authorized Recordings to which it did not have rights immediately prior to such event. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Catalogue Difference Contract Period 1 Fraction</U>&#148; means {{**** during Contract Period 1} less the {**** during Contract Period 1 }} divided by {total Royalty Bearing Plays of Authorized Recordings
during Contract Period 1 }. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Catalogue Difference Contract Period 2 Fraction</U>&#148; means {{**** during Contract Period 2, including **** that happened in Contract Period 1} less the {**** during Contract Period 2, including **** that
happened during Contract Period 1}} divided by {total Royalty Bearing Plays of Authorized Recordings during Contract Period 2}. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Catalogue Market Share</U>&#148; means the average market share of a catalogue of Authorized Recordings that is the subject of a ****, as a percentage of the Label Digital Market Share on the Services, measured
in the prior twelve (12)&nbsp;months. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>**** Catalogue Streams</U><B>&#148; </B>means in respect of a **** {the Catalogue Market Share in respect of Authorized Recordings covered by the ****} multiplied by the {Royalty Bearing Plays of Label Non
Acquired Catalogue during the period from the date of the applicable **** until the end of Contract Period 1 or Contract Period 2, as applicable)}.<B> </B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Divestment</U>&#148; means an event during Contract Period 1 or Contract Period 2 pursuant to which Label or Orchard (or an Affiliate thereof) loses rights to a multi-artist catalog of Authorized Recordings
that it had rights to for a period of at least twelve (12)&nbsp;months immediately prior to such event, pursuant to the sale, closure, bankruptcy, or expiration of distribution agreement of any catalog or label owning or controlling such rights,
provided that in the case of Orchard such event will only count for the purposes of this definition if it relates to the sale, closure, bankruptcy, or expiration of a distribution agreement with one of the ten largest Orchard <FONT
STYLE="white-space:nowrap">sub-labels</FONT> (measured by payables over the preceding 12 months). For the avoidance of doubt, a catalog, or label&#146;s loss of a catalog, belonging to a single Label Artist shall not be deemed a Divestment for
purposes hereof. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Extraordinary Label Change</U>&#148; means a **** since the Effective Date as a result of Divestments by Label or Orchard during Contract Period 1 or Contract Period 2; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Label Digital Market Share</U>&#148; means the average of Label&#146;s and Orchard&#146;s collective market share (being the number of Royalty Bearing Plays of audio recordings and audiovisual recordings owned,
controlled and/or distributed by Label and Orchard (including Authorized Recordings) as a percentage of Royalty Bearing Plays of all Eligible Recordings, subject to ****, as set out in the definitions of SME&#146;s Usage Percentage and
Orchard&#146;s Usage Percentage) on the Services, ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Label Non Acquired Catalogue</U>&#148; means Authorized Recordings that have not been the subject of a **** or an ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(xi)</TD>
<TD ALIGN="left" VALIGN="top">&#147;<U>Total Divested Catalogue Streams</U>&#148; means for all **** during Contract Period 1 or Contract Period 2, the sum in respect of each and every **** of the applicable **** Catalogue Streams.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top">The Parties hereby agree to work diligently and in good faith to share the information required to calculate the Catalogue Difference Fraction on a quarterly basis. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>5. <U>Escalation Process: </U> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"><U>Escalation Process:</U> In the event that, at any time during the Term, the Parties&#146; <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> business and/or licensing personnel
are unable to resolve any particular Dispute, then either Party shall be free to escalate such Dispute to the First Tier Executives by providing written notice to the other Party (a &#147;<U>First Dispute Notice</U>&#148;). Solely in the event that
the First Tier Executives are together unable to resolve the Dispute in good faith within thirty (30)&nbsp;days of such First Dispute Notice, the Parties shall be entitled to escalate such Dispute to the Second Tier Executives by providing written
notice to the other Party (a &#147;<U>Second Dispute Notice</U>&#148;). </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">On a date which is no later than the ****, each Party will exchange with the other Party **** which they desire to be addressed ****other than the **** which **** may comprise requests to **** of this Agreement in
connection with (i) **** of Company&#146;s **** and/or its **** thereon to the extent such **** are reasonably considered **** bearing in mind the **** of such Party; or **** (either generally or with respect to particular parts of the Territory) or
to the **** that have resulted, or are likely to result in **** (either generally or with respect to particular parts of the Territory) as set at the Effective Date ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Within **** of the **** the **** will work in good faith to come to an agreement in connection with items on the ****. If the **** are unable to come to an agreement on any number of **** on the ****, the **** will
promptly meet (such date, the ****) to discuss any and all **** on the **** upon which the Parties have not yet agreed (the ****). If the **** are unable to resolve the **** within **** following the ****, will in good faith discuss ****, with an
eye towards resolution. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Immediately prior to commencement of ****, the Parties shall **** an **** to **** to reflect all agreed items on the **** with effect from the commencement of **** through the end of ****. However, solely in the event
that any items on the **** are not resolved prior to the commencement of **** in accordance with the process set out above, all such items will be deemed ****, and either Party shall be entitled to initiate **** in respect of some or all of such
**** in accordance with paragraph 5(c); provided, however, if the mediation terminates in accordance with clause 5(c)(4)(i) or 5(c)(4)(ii) below, or no **** is concluded in connection with the applicable ****, the **** of the **** will **** as of
the end of ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"><U>Scope</U>. Any Dispute which the Parties have failed to resolve via Paragraph 5(b) above shall, ****, as amended by this Agreement. ****, setting forth the subject of the dispute and the relief requested.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"><U>Selection of ****/Process</U>. Unless otherwise mutually agreed by the Parties with a view to the complexity and nature of the Dispute(s), there shall be **** in connection with the applicable Dispute(s) ****. ****
in good faith and that they will share equally ****. For the avoidance of doubt, the Parties agree that the **** terms. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"><U>Procedure</U>. All documents, offers, promises, conduct, recommendations and statements, whether oral or written, made in the course **** by either of the Parties, their agents, employees, experts and attorneys, and
by ****, are confidential, privileged and inadmissible for any purpose, including impeachment, in any lawsuit, arbitration or other proceeding involving the parties, provided that evidence that is otherwise admissible or discoverable shall not be
rendered inadmissible or <FONT STYLE="white-space:nowrap">non-discoverable</FONT> as a result of ****. Neither Party shall be required to provide ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"><U>Termination of ****</U>. Either of the Parties may **** at any time and shall immediately **** and the other Party in writing. The **** will terminate when (i)&nbsp;a party ****; (ii) the ****; or (iii)&nbsp;a
written agreement is concluded in connection with the applicable Dispute which amends the terms of this Agreement. For the avoidance of doubt, any agreement **** unless and until it has been reduced to writing and signed by both Parties.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>. The place of **** shall be New York, NY, United States. The **** shall be conducted in the English language. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"><U>Governing Law; Jurisdiction</U>. The **** shall be governed by, construed and take effect in accordance with the laws of New York. For the avoidance of doubt, the federal and state courts in the city of New York in
the state of New York have exclusive jurisdiction to settle any claim, dispute or matter of difference that may arise out of or in connection with the ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top"><U>Confidentiality</U>. Except as may be required by law, **** shall be held in private and neither a Party **** may disclose the existence, content or results **** (including any documents or information provided by
any Party ****) without the prior written consent of both parties. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>6. <U>Content:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Subject always to Paragraphs 7(e) to (k)&nbsp;below, the Authorized Materials will include: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">the complete catalogue of sound recordings<B> </B>in respect of which Label and Orchard and all of their affiliates (including Affiliates) and licensees in the Territory possess sufficient rights to authorize the
activities contemplated in this Agreement in each part of the Territory, and the associated preview clips, metadata and front cover artwork, and Label or Orchard, as applicable, shall make such content available for use on each of the Services ****;
and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">audiovisual recordings, ****, in respect of which Label and Orchard and all of their affiliates (including Affiliates) and licensees in the Territory possess sufficient rights to authorize the activities contemplated in
this Agreement in each part of the Territory, and Label or Orchard, as applicable, shall make such content available for use on each of the Services ****. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, Label will have the absolute unfettered right, in its sole discretion (i)&nbsp;to withhold any item of
Authorized Materials for any of the reasons set forth in <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> 7(e) below, provided that such right to withhold will expire if and when the reason for withholding the content is no longer applicable in
the country of the Territory concerned; or (ii)&nbsp;to **** (and set Release Date Information accordingly) of a limited number of **** on a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis **** in
the applicable country of the Territory, in each case, for periods of limited duration, provided that ****. Subject to the foregoing limitations, Label&#146;s exercise of the right described in the preceding sentence with respect to particular
Authorized Materials shall not be a material breach of this Agreement; provided, however, that Label shall exercise this right, if ever, in good faith and not so as to frustrate or undermine the general content commitment being made to Company
pursuant to the foregoing provisions of this Paragraph 6(a). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Label shall additionally have the right to withhold from distribution on
any of the Services (i)&nbsp;any content in respect of which it lacks the right to authorize distribution via the relevant Service in the applicable country of the Territory; (ii)&nbsp;any content in respect of which distribution via the relevant
Services in the applicable country of the Territory would ****;<B> </B>(iii) ****; (iv) for any audio track provided to Company****. Subject to the foregoing limitations, Label&#146;s exercise of the right described in the preceding sentence with
respect to particular content shall not be a material breach of this Agreement; provided, however, that Label shall exercise this right, if ever, in good faith and not so as to frustrate or undermine the general content commitment being made to
Company pursuant to the provisions of Paragraph 6(a) above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Company shall make available on the Services all Authorized Materials from
the corresponding release dates communicated via metadata, ****. In the event that Company wishes to avail itself of either exception (i)&nbsp;or (ii) in the previous sentence, Company shall notify Label or Orchard (as applicable) of the relevant
circumstances promptly following the withholding or take-down of the relevant Authorized Materials, including in the case of any Take-Down Request the contact details of the third party claimant. With respect to any Take-Down Request, Label will
work in good faith (and where applicable shall procure that Orchard will work in good faith) to resolve the claim, provided that Company shall provide all reasonable assistance, but in the event that (aa) in Company&#146;s reasonable opinion (acting
in good faith), ****, and/or (bb) the ****, then following the request of Label or Orchard (as applicable), Company shall **** reinstate the relevant Authorized Materials on the Services (in which case, Label will indemnify and hold harmless the
Company **** in respect of the distribution of Authorized Materials concerned pursuant to section 6(d)(2) of the letter agreement portion of this Agreement). ****. Company shall employ good faith efforts to notify Label of the circumstances
surrounding the relevant fraudulent behavior under <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> 8(a)(13)(i); provided, however, that an inadvertent, <FONT STYLE="white-space:nowrap">non-repetitive</FONT> failure to do so shall not
constitute a breach hereof. In the event that Company wishes to avail itself of exception (iv)&nbsp;in the first sentence of this paragraph 6(c), Company shall notify Label, and the Parties shall discuss in good faith before Company withholds or
takes down any Authorized Materials. Company shall not **** with respect to the decision to withhold or take down any particular recordings in the circumstances detailed in exception (iv)&nbsp;in the first sentence of this paragraph 6(c). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Company shall build and maintain systems that are intended to be effective to **** and shall use commercially reasonable efforts to
implement an expeditious process for resolving any apparent conflicts arising from **** Label&#146;s notification of any ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) In particular, Company shall provide access for Label
during the Term to Company personnel, including via email or voice calls, but also via web forms, who will be responsible for receiving notifications from Label related to take-down notices in connection with the availability or infringement of any
recording, artwork and/or other content or intellectual property owned, controlled or distributed by Label or Orchard and delivered by third parties (including for the avoidance of doubt End Users of the Services) in one or more parts of the
Territory in which the relevant materials have been made available by Company. Following receipt of any such notification, Company shall **** review such notification and, if deemed to be valid remove from the Services any such materials, unless
Label&#146;s ownership or control within the relevant parts of the Territory is subject to an objectively reasonable dispute by the third party which delivered such materials to Company ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) During the Term, Label shall work in good faith (and shall procure that Orchard works in good faith) to ****, to the extent the same are
objectively reasonable and do not conflict with the terms of this Agreement, as provided from time to time. Label shall also work in good faith to ensure that it does ****; provided, for the avoidance of doubt, if such ****, Company shall have the
right to take-down such ****, notwithstanding anything contained herein. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>7. <U>Rights</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Label grants Company the <FONT STYLE="white-space:nowrap">non-exclusive,</FONT> <FONT STYLE="white-space:nowrap">non-transferable</FONT>
(other than for permitted assignments and any permitted Changes of Control), <FONT STYLE="white-space:nowrap">non-delegable</FONT> (except to Service Providers and as otherwise specifically set forth herein) power and authority to exploit the
Authorized Materials, in the applicable countries of the Territory during the Term in connection with the Services, and subject to the terms, conditions and limitations prescribed elsewhere in this Agreement, as follows (the &#147;<U>Grant of
Rights</U>&#148;): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">To ingest and store a **** of copies of each Content File on Company Servers in accordance with the Technical and Security Specifications. and to **** Content Files so as to create **** of Approved Server Copies to be
stored on Distribution Servers; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">To integrate the Authorized Materials, excluding Preview Clips, in the form of Approved Server Copies, into the Services and to use and exploit such Authorized Materials (including communicating Authorized Materials
(excluding the musical compositions embodied therein) to the public via Distribution Servers and on a ****, and displaying items of Authorized Artwork to End Users along with the applicable metadata (e.g., Label Artist names, album names, etc.))
solely to the extent necessary to operate the Services in accordance with the Technical and Security Specifications, and the applicable Content Usage Rules; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">To make available and communicate to the public Preview Clips as part of (i) **** as permitted hereunder, and (ii)&nbsp;the **** for individual End Users, or potential end users of the Services who have not logged into
the Services (for example, ****). ****. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Company is not authorized under this Agreement to promote, market, distribute,
fulfill, host, transmit or otherwise exploit any Authorized Materials, or to otherwise use any such Authorized Materials in any manner or form not expressly authorized herein. Except as otherwise provided herein, Label hereby reserves all rights in
and to the Authorized Materials and all other materials owned or controlled by Label. All rights not expressly granted to Company hereunder are reserved by Label. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Authorized Materials included on the applicable Service shall be derived solely from the Content Files or other digital files delivered by
Label or Orchard (except in the case of Local Files), Orchard or such other person or entity as Label designates in its sole discretion, and Company shall not authorize any person or entity to add, delete or otherwise alter such Authorized Materials
in any way, except for transcoding down to Approved Formats from any high quality delivery format. For the avoidance of doubt, no copyright notices or metadata (e.g., artist name and title) shall be removed. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Unless otherwise legitimately authorized, Company shall not, without Label&#146;s prior written consent in each instance, make any use of
(directly or indirectly), or authorize any other person or entity deriving rights from Company (directly or indirectly) to make use of, any Authorized Materials or the names, likenesses or biographical materials of any Label Artists and/or any other
person or entity contributing to the recording or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">creation of any Authorized Materials, in advertisements, promotions, press
releases or marketing materials used in connection with the applicable Services or otherwise in a manner that would lead a reasonable person to believe that the Label or the Label Artist or other person or entity concerned had endorsed the product
or service concerned. For the avoidance of doubt, and notwithstanding anything to the contrary herein, where Label or Orchard has delivered to Company the name and likeness of a person or entity in Authorized Artwork, the use by the Company of the
name and approved likeness of that person or entity in connection with the promotion, offer, and fulfillment of the Services shall be deemed legitimately authorized by Label, provided that (A) ****, (B) ****, and (C)&nbsp;Company shall not use any
such name or likeness in a manner that can be construed by a reasonable Person as an endorsement of any product or service, including the Services, unless Company is legitimately authorized to do so. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) Notwithstanding the foregoing or anything elsewhere herein, Label may, at its sole election, require Company to cease using any Authorized
Recordings, Authorized Artwork or other Label-provided materials upon **** notice to Company (whilst such notice shall ordinarily be communicated in a machine-readable form, in time-critical or other exceptional or important scenarios, it may be
delivered via electronic mail, the receipt of which by a natural Person at Company is confirmed) (each, a &#147;<U>Take-Down Notice</U>&#148;) for ****, loss of rights and/or any third party claim regarding such content. In addition, Label reserves
the right to issue Take-Down Notices at any time during the Term in respect of Authorized Video Recordings for ****. Within **** following Company&#146;s receipt of such Take-Down Notice, Company shall restrict access to the applicable items on or
in connection with the Service in the applicable country or countries of the Territory<B> </B>such that the applicable item(s) are not available for streaming or download on the Service (&#147;<U>Take Down Materials</U>&#148;). Notwithstanding the
foregoing, Label shall exercise its take-down rights under this section in good faith and shall not exercise such rights in a manner that frustrates the intent of this Agreement ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) Company shall not be authorized to make available any particular item of Authorized Materials via any of the Services in any particular
part of the Territory until the initial release date provided to Company by Label or Orchard for the particular item and part of the Territory, which, subject to Paragraph 7(i) and Paragraph 6(b) above, **** (the &#147;<U>General Release
Date</U>&#148;). Label and Orchard shall provide Release Date Information in a form that is reasonably practicable to enable Company to be in compliance with its relevant obligations hereunder (e.g., via XML, data feeds or other reasonable
notification methods). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) To the extent that a General Release Date, for a particular title is provided to Company as set forth in the
previous <FONT STYLE="white-space:nowrap">sub-paragraph,</FONT> Company shall not make the corresponding Stream, Cached Stream or Cached Download (and, subject to any agreement to the contrary, any corresponding Authorized Artwork or Preview Clip)
available for distribution in the relevant part or parts of the Territory earlier than the General Release Date. If Label or Orchard fails to provide a General Release Date for any particular title for any part or parts of the Territory, the
corresponding recording shall not be deemed eligible for use in connection with any of the Services in such part or parts of the Territory. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) Subject always to any Take Down Notice, if Label delivers the relevant territory clearances for such part of the Territory within
Label&#146;s XML feed, then Company shall be deemed to have been granted the applicable rights to exploit the Authorized Materials concerned in that part of the Territory, subject to relevant Release Date Information provided to Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) At any time during the Term, Label and Orchard may exercise their full discretion, subject to the remaining provisions of this paragraph,
to establish and communicate to Company an Ad Supported Release Date for one or more parts of the Territory in respect of any **** yet released within the respective part or parts of the Territory, **** than General Release Date set by Label or
Orchard (as applicable) for the corresponding item (each such period of **** in the applicable part or parts of the Territory, a &#147;<U>Premium Window</U>&#148;). Nothing shall prevent Label from **** prior to its Ad Supported Release Date via
Permitted Services. The Parties acknowledge and agree that Company shall promote **** on the Service and shall not promote **** on the Service, in its discretion, provided, however that Company agrees that it shall **** on the Subscription Services,
to the extent possible), ****, it being agreed that End Users of the Ad Supported Service who attempt to **** shall receive messaging, as determined by Company indicating the availability of such release within the Subscription Services and inviting
the End User to subscribe (or to initiate a free trial (including a Free Trial) where such End User is eligible). On a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis, Label shall be permitted to
**** to purchase inventory on the Ad Supported Service during the Premium Window for a particular **** which promotes the availability of such **** </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">on the Subscription Services, alongside a <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">call-to-action</FONT></FONT> to subscribe or register for a Free Trial or Growth Offer. From time to time during the Term, subject to reasonable approval by Company, Label and Orchard shall be entitled to **** whereby they
set an **** for such release, and the Parties shall review in good faith the results of such trials **** on a routine basis. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j)
(Intentionally omitted) </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) From time to time, Label may at its sole discretion provide Company with the benefit of <FONT
STYLE="white-space:nowrap">so-called</FONT> **** for certain Authorized Audio Recordings selected by Label or Orchard, whereby Company shall be entitled to make available those Authorized Audio Recordings as Streams, Cached Streams and Cached
Downloads (as applicable) via the Services or a part thereof in designated parts of the Territory **** (to be determined by Label or Orchard (as applicable) at their sole discretion) which is **** to make available those same Authorized Audio
Recordings, subject to Label&#146;s obligations pursuant to the second sentence of Paragraph 7(l) below in connection therewith. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) As
between Label and Company, Company will be responsible ****, subject to the next sentence. As between Label and Orchard, on the one hand, and Company, on the other, Label will be responsible for ****, including for the avoidance of doubt
administering and paying for all **** that are placed on the Services by or on behalf of Label or Orchard (A) ****, and/or (B)&nbsp;using Advertisement inventory that is purchased by Label or Orchard pursuant to Exhibit K or otherwise. For the
avoidance of doubt, Label shall not have responsibility in connection with the preceding sentence to the extent any Advertisement merely includes links to corresponding Authorized Recordings made available as part of the Services in the ordinary
course In connection with any scenario in which the Parties agree to conduct marketing and promotion of an Authorized Audio Recording in the United States in connection with which Company&#146;s use and exploitation of the musical compositions (and
any dramatic, literary or other works, as the case may be) embodied therein would constitute a ****, then to the extent that Company is unable to secure ****, Label will work in good faith to facilitate clearance **** (provided that it is understood
that Company ****). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) The Grant of Rights hereunder is subject to and conditional upon Company obtaining Label&#146;s prior written
consent in the case it wishes to launch any functionality as part of the Services which ****, Label acknowledges that some third party applications using Company APIs include ****, and such uses shall not be deemed **** for the purposes of this
clause. This restriction will not prevent End Users&#146; access and playback of **** through the Spotify Client, ****. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>8. <U>Requirements concerning
operation of the Services</U>: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>All Services</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Other than as permitted under this Agreement, there shall be no licensing, <FONT STYLE="white-space:nowrap">sub-licensing,</FONT> <FONT STYLE="white-space:nowrap">co-branding,</FONT> syndication or private-labeling of
the Services by Company to third parties. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">All costs associated with hosting, streaming, billing, accounting and reporting in respect of distribution of the Authorized Materials shall be fully borne by Company, and Company shall be solely responsible for
creating, maintaining and hosting, marketing and distributing the Services in accordance with the Technical and Security Specifications and Content Usage Rules at its sole cost and expense. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Except as expressly set forth herein, as between Label and Company, Company hereby assumes all liability which may arise from products and services, as the case may be, rendered to End Users and potential End Users and
liability for injuries to and by servants, agents, employees or the general public in connection with the operation of the Services. Except as expressly set forth herein, all business risks related to the Services, including but not limited to the
risk of <FONT STYLE="white-space:nowrap">non-payment</FONT> by End Users shall be borne by Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Company shall cause copyright notices (or links thereto) relating to a Stream, Cached Stream or Cached Download to be displayed to End Users in connection with the display of the corresponding album information where
practicable. Each copyright notice shall be displayed in the following format, as designated by Label or Orchard (as applicable) in each instance for the Stream, Cached Stream or Cached Download concerned: &#147;(P) (C) [Year of first publication]
[Label/Orchard designated name].&#148; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Company agrees that it shall not, by way of any action or omission, **** in the context of any aspect of the design, operation and management of the Services. It is agreed that it shall not be deemed **** in this
context merely because ****. It is further agreed that it shall not be ****. For the avoidance of doubt, Company shall not be in breach of this <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> 8(a)(5) merely as a result of (a)&nbsp;providing as
part of the Services particular offerings (for example, algorithmically-generated playlists or stations) related to genres or categories **** and/or (b)&nbsp;the use of an automated recommendations system based on End User behavior or End User
preferences. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt, Approved Interfaces shall not include any functionality which facilitates the sharing by any End User of permanent audio downloads or permanent video downloads with any other End User.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">Company<B> </B>shall provide Label with no fewer than **** written notice prior to including as part of the Services any functionality which has the ****. Company shall also notify Label of any other significant
functionality before launching, including as part of any regularly scheduled business development meetings. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top">Intentionally deleted. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(9)</TD>
<TD ALIGN="left" VALIGN="top">No less frequently than on **** basis, at ****, Company and Label shall hold (x)&nbsp;local or regional ****; and (y)&nbsp;an overall **** to be ****, including at a minimum a ****.<B> </B> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(10)</TD>
<TD ALIGN="left" VALIGN="top">Company shall provide Label with transparency as part of regular meetings/calls in relation to its internal priority levels for **** relating to **** Authorized Materials with respect to the Services. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(11)</TD>
<TD ALIGN="left" VALIGN="top">Company shall provide Label with as much advance notice as reasonably possible of new territory launches within the Territory (such notice to be given first to allocated Label contact). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(12)</TD>
<TD ALIGN="left" VALIGN="top">Company shall in any case guarantee that Label shall be **** with respect to the provision of any **** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(13)</TD>
<TD ALIGN="left" VALIGN="top"><U>Fraudulent Behavior</U>: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company shall use its commercially reasonable efforts to actively monitor and take steps to prevent and police by technical means, including but not limited to machine learning, any behavior by End Users and/or third
parties that distorts the number of plays (which, but for such activity, would be Royalty Bearing Plays) for particular recordings on the Services by fraudulent means, including but not limited to the use of manual (e.g. click farms) or automated
(e.g. bots) means. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Company shall, subject to its confidentiality obligations to content providers, present to ****. Company shall engage in good faith discussions with Label throughout the Term to consider improvements and developments to
Company&#146;s fraudulent behavior detection and action to limit such behavior on the Services. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Company shall reasonably investigate and take reasonable commercial steps to **** due to fraudulent behavior hereunder. Company agrees to use its commercially reasonable efforts to investigate any notice it receives
from Label or Orchard in respect of suspected fraudulent behavior. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Label shall work in good faith to educate all individual recording labels and their artists under either Label or
Orchard, or any of Label&#146;s or Orchards&#146; Affiliates, with a view to preventing them from, either directly or through third parties, engaging in any behavior that distorts the
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">number of plays (which, but for such behaviour, would be Royalty Bearing Plays) for any Authorized Recordings on the Services by fraudulent means, including but not limited to the use of automated means. Label shall
further engage in good faith discussions with Company throughout the Term to consider improvements to Labels&#146;, Orchards&#146; and their Affiliates&#146; compliance with this <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> where manifestly
necessary based on Company&#146;s findings. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(14)</TD>
<TD ALIGN="left" VALIGN="top">Company shall use commercially reasonable efforts to (i)&nbsp;demote or remove within artist pages and search results, and (ii)&nbsp;remove from Company-curated (algorithmic or otherwise) playlists and/or
recommendations on the Services all <FONT STYLE="white-space:nowrap">(y)&nbsp;so-called</FONT> &#145;sound-alike&#146; recordings and other cover versions which are designed to attract or mislead End Users seeking versions performed by the original
recording artist (including but not limited to versions denoted in track/album titles as &#147;originally by&#148;, &#147;originally performed by&#148;, &#147;as made famous by&#148; or &#147;tribute to&#148; the artist featuring on the original
recording); and (z)&nbsp;karaoke versions. Label shall work in good faith to ensure that it minimizes the delivery to Company any Authorized Materials that would fall under the category in this <FONT STYLE="white-space:nowrap">sub-paragraph</FONT>
14(ii)(y). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(15)</TD>
<TD ALIGN="left" VALIGN="top"><U>Personal use only</U>. Company shall include within its end user terms of use for the Services a requirement for End Users to be natural Persons and a stipulation that the Services may be used for private, <FONT
STYLE="white-space:nowrap">non-commercial</FONT> uses only. For the avoidance of doubt, the Grant of Rights hereunder shall not authorize access to Authorized Materials by End Users in commercial premises or other
<FONT STYLE="white-space:nowrap">non-private</FONT> settings, and Company shall monitor for suspicious activity in respect of the same and enforce the terms of its end user terms of use. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(16)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>. Company shall use commercially reasonable efforts to notify Label prior to, or at the same time that, Company becomes aware that **** in connection with any promotion, marketing opportunities, content
creation, sponsorships or similar activities that involve the exploitation of Authorized Materials and/or that Company knows upon reasonable investigation (i.e., ****. The Parties agree that a <FONT STYLE="white-space:nowrap">non-repetitive</FONT>
failure to comply with the foregoing shall not be deemed a breach hereof. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(17)</TD>
<TD ALIGN="left" VALIGN="top"><U>Label Branded Playlists</U>. Company shall not charge Label or Orchard for the creation of playlists on the Services that contain a branded cover artist image and text (e.g. Filtr playlists, and such playlists,
&#147;<U>Label Branded Playlists</U>&#148;). Without limiting the foregoing, Company agrees to **** throughout the Term and will not ****. Notwithstanding the previous sentence, in the event that Company takes any action (including but not limited
to redesigning Approved Interfaces) **** within the Services, then Company shall provide SME and Orchard with ****. For the avoidance of doubt, Label shall not be permitted to monetize Label Branded Playlists with third-party sponsorships or other
third-party revenue sources without the explicit approval of Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(18)</TD>
<TD ALIGN="left" VALIGN="top"><U>Track Linking</U>. Company agrees to track link in accordance with the White Paper attached hereto as Exhibit D. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(19)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>****</U>. **** each of the types of data that Company shares, as of the date of signature of this Agreement,
with current and previous Label Artists and their management as part of the &#147;****&#148; portal, provided that in each case such data shall only relate to the performance of recordings of the applicable current or previous Label Artist. Company
shall provide Label with **** in respect of all applicable artists/countries by no later than **** after the Effective Date, provided that Company shall not be required, without the consent of all relevant licensors, to disclose any confidential
information relating to third party licensors of recordings (e.g., where the relevant artist&#146;s repertoire is licensed by more than one recorded music licensor (which for these purposes includes Label) (a &#147;<U>Split Rights Artist</U>&#148;),
and any such ****. Without limiting the foregoing, Company shall however use commercially reasonable efforts to **** such that it can provide **** to **** by Label hereunder. ****. Company agrees, that, as part of ****, Label shall be entitled to
access **** made available during the Term in connection with customization of the applicable Label Artist&#146;s &#145;Artist&#146; page within the Services and any **** otherwise available to the Label Artist during the Term, as part of &#147;add
team member&#148; functionality. Company shall use reasonable best efforts to ****. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Company warrants and represents that, to the extent that during the Term any****. For purposes of this agreement, &#147;<U>****</U>&#148; means the version of the Spotify Fan Insights product available as of the date of
signature of this Agreement.<B> </B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>Ad Supported Service</U>: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Company shall not launch the Ad Supported Service in any part of the Territory unless it also makes available in that part of the Territory, as a minimum, the Premium Subscription. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Except where an End User is accessing Local Files, Streams and Cached Streams on the Ad Supported Service from Mobile Devices of Authorized Recordings shall be accessible solely in accordance with the specification set
out in Exhibit J. Label may at Company&#146;s request approve any particular device or class of device to fall within the definition of a Static Device from time to time during the Term. In considering whether to grant such approval Label shall act
reasonably and in good faith, taking into account all relevant factors, including but not restricted to which of the Services is intended to be offered via such devices. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>:<B> </B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company may make available a maximum of ****, which may contain one or more Authorized Recordings, to any individual End User of the Mobile Shuffle Service via a Mobile Device at any time. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Access to **** by End Users of the Mobile Shuffle Service on Mobile Devices shall be subject to the terms and conditions of Exhibit J. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">At Label&#146;s written request, Company shall **** that has been included in **** for more than ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">To the extent Company permits any third party to ****. Any **** editorially controlled by Label or Orchard shall not count towards the foregoing **** offered to an individual End User of the Mobile Shuffle Service.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Company shall use its commercially reasonable efforts<B> </B>to maximize audio, graphical and audiovisual advertising revenues in respect of the Ad Supported Service. The following minimum levels of interruption by way
of audio and/or audiovisual Advertisements per Listening Hour shall apply for each End User, ****): </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>End User ****</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:50.25pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>(months)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>United States of America</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(min per Listening Hour)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Rest of the Territory</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(mins per Listening Hour)</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">****</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">****</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">****</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">****</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">****</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">****</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt, the Minimum Ads Per Hour shall be applied by Company on a ****. As used herein,
&#147;<U>Listening Hour</U>&#148; means, in connection with ****, each 60 (sixty) minute period of Streams or Cached Streams of audio or audiovisual recordings (whether or not including Authorized Recordings, but excluding playback of Local Files
and excluding playbacks of preview clips (including Preview Clips), and Advertisements) via Approved Interfaces. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Furthermore, Company
shall use commercially reasonable efforts to ensure<B> </B>that each End User of the Ad Supported Service in any part of the Territory and regardless of ****, shall be **** of audio and/or audiovisual Advertisements (which may comprise one or more
individual advertisements) having an overall duration no shorter than **** during each **** period of Streams or Cached Streams of audio or audiovisual recordings (whether or not including Authorized Recordings, but excluding playback of Local
Files) via Approved Interfaces (such requirement referred to herein as the &#147;<U>Minimum Ad Distribution</U>&#148;). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">In addition to the advertising load requirements set out
above, each End User of the Ad Supported Service **** will be presented with (i)&nbsp;at least **** audio/video interruption (including but not limited to an upsell message or advertisement) of **** seconds or longer, before a ****, and (ii)&nbsp;at
least **** audio/video interruption (including but not limited to an upsell message or advertisement) of **** seconds or longer, **** of an Authorized Recording in an **** during such End User&#146;s session. A **** for these purposes commences on
the first **** in an **** and ends when the End User moves to a different part of the service or another **** or the application/browser is closed. &#147;<U>Active Play</U>&#148; means a Royalty Bearing Play in an ****an Authorized Recording. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The creative elements of each Advertisement may be a mix of commercial advertisements sold by Company to third parties, <FONT
STYLE="white-space:nowrap">so-called</FONT> &#147;public service announcements&#148; selected by Company, <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;station IDs&#148; for the Services or <FONT STYLE="white-space:nowrap">so-called</FONT>
&#147;house ads&#148; promoting Company&#146;s owned or controlled content or features. From time to time during the Term, the parties shall meet to discuss in good faith these matters (and any related issues), together with any course of action
that may be followed to improve monetization of Authorized Materials, it being understood that Company shall have sole discretion to determine the frequency and placements of all Advertisements on the Services, subject only to complying with the
Minimum Ads Per Hour, the Minimum Ad Distribution and the requirements above in respect of ****. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Subscription Services</U>: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Except where an End User is accessing Local Files, Company shall use commercially reasonable efforts to prevent access to Streams and Cached Downloads via the Online Subscription from Mobile Devices other than in
accordance with both the Content Usage Rules and the provisions of Exhibit J. Label may, at Company&#146;s request, approve any particular device or class of device to fall within the definition of a Static Device from time to time during the Term
and as such be used to access the Online Subscription. In considering whether to grant such approval Label shall act reasonably and in good faith, taking into account all relevant factors, including but not restricted to which of the Services is
intended to be offered via such devices. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Company shall use effective digital rights management solution (to be approved by Label) to ensure that Cached Downloads stored on devices as part of a Premium Subscription (including a Family Premium Subscription)
remain tethered to such devices and are incapable of playback outside of the relevant device, or on the relevant device following expiry of a Subscriber&#146;s Premium Subscription (including a Family Premium Subscription), subject to any ****
outlined in the Content Usage Rules. The digital rights management solutions outlined in the Technical and Security Specifications are hereby deemed approved by Label. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt, Subscribers shall be permitted to access the Premium Subscription (including the Family Premium Subscription) from all types of Approved Devices, provided always that the Premium Subscription
and Approved Devices comply with the Content Usage Rules. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"><U>Family Premium Subscription</U>: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company acknowledges the Parties&#146; intention that User Profiles available as part of each Family Premium Subscription shall be used only by members of the same family located at the same residential address.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Each Family Premium Subscription shall have a designated Master Subscriber in connection with which the Registered Payment Method for such Family Premium Subscription is associated. For clarity, Family Members may also
have Registered Payment Methods on file with Company, provided that such other forms of payment may not be used to pay for Family Premium Subscription. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">In connection with any particular Family Premium Subscription, the Master Subscriber alone shall be responsible for paying for all associated subscription fees and shall retain control of all associated Family Members,
including inviting, removing, reviewing and editing other details connected with such Family Members&#146; status within the Family Premium Subscription. Access by any Family Members forming part of a particular Family Premium Subscription shall be
conditional on the Master Subscriber remaining in good standing with Company, including in respect of payment, and termination or expiration of a Master Subscriber&#146;s account shall lead to all associated Family Members, subject to an ****
(provided that no **** shall be offered in connection with any Family Premium Subscription which has been terminated due to abuse) and/or any Family Member subscribing to a Subscription Service on an individual basis, becoming End Users of the Ad
Supported Service. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">Other than to the extent set out in this Paragraph 8(c)(4), ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">Each Family Member and Master Subscriber may belong to only one (1)&nbsp;Family Premium Subscription at any given point in time. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">All marketing and promotion of Family Premium Subscription shall describe the offering as restricted to, and being intended for use solely by members of the same family located at the same residential address, and not
as a general &#147;group&#148; or &#147;friendship&#148; offering. Company shall provide Label with exemplary copies of such marketing and promotional materials upon request. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">Company shall employ commercially reasonable efforts to prevent, detect and disable usage of Family Premium Subscriptions by End Users who are not part of the same family and/or the same residential address (by way of
example only, by implementing algorithms for detecting suspicious behavior, patterns, etc. indicative of abuse or other any similar methods of detection which accomplish the same goal). The Parties acknowledge that a Master Subscriber and Family
Members may: (a) ****; and/or (b) ****. Company shall: (x)&nbsp;use commercially reasonable efforts to collect this information from those ****, but shall not be ****; and (y)&nbsp;collect this information from all Master Subscribers and Family
Members that are ****. As of the Effective Date and subject to the availability of such information to Company, Company shall implement the following particular measures to detect and/or prevent Abusive Accounts: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">A)</TD>
<TD ALIGN="left" VALIGN="top">Regular monitoring of the age, ZIP/postal code and the IP address(es) for Master Subscribers and associated Family Members (and requiring age and ZIP/postal code to be provided); </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">B)</TD>
<TD ALIGN="left" VALIGN="top">Checking whether subscribers to a Family Premium Subscription have a &#147;.edu&#148; email address associated with their User Profile; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">C)</TD>
<TD ALIGN="left" VALIGN="top">Monitoring and detection of whether an individual has swapped to a different Family Premium Subscription and how often; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">D)</TD>
<TD ALIGN="left" VALIGN="top">Collecting and reviewing the last names, email addresses and physical addresses of the End Users associated with and tied to the same Family Premium Subscription (excluding Legacy Family Users&#146; subscriptions, save
where applicable information has been collected). </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">(A, B, C and D, collectively, being the &#147;<U>Anti-Abuse
Measures</U>&#148;). </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">Intentionally omitted. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">In the event that, based on Anti-Abuse Measures and/or other factors, Company determines the existence of any
Abusive Account, Company shall have a period of no more than **** from the date of determination of such Abusive Account in order to review and verify whether </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">all Family Members are from the same residence as the Master Subscriber and shall not be required to terminate such Abusive Account for which such verification is sufficiently obtained. Company shall be entitled to
&#147;whitelist&#148; individual End Users in respect of a particular Family Premium Subscription where the relevant End User provides such verification (i.e., such that the End User shall not be required to provide verification again in respect of
that particular Family Premium Subscription). Otherwise, Company shall terminate access to such Abusive Account for the applicable Family Members and ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top">As used hereunder, &#147;<U>Abusive Account</U>&#148; means an individual Family Premium Subscription that meets the following criteria (or such other criteria that may be mutually agreed between the Parties during the
Term): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(I)</TD>
<TD ALIGN="left" VALIGN="top">a Family Member has registered a ZIP/postal code that does not match the registered ZIP/postal code for the Master Subscriber; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(II)</TD>
<TD ALIGN="left" VALIGN="top">any IP address for a Family Member does not match any IP address used by the Master Subscriber in the preceding 30 days; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(III)</TD>
<TD ALIGN="left" VALIGN="top">the Master Subscriber, together with associated Family Members, are part of a suspicious age constellation, which as at the Effective Date means the existence of 3 or more of the Master Subscriber and associated Family
members that are either (i)&nbsp;aged 35 or more; or (ii)&nbsp;aged within <FONT STYLE="white-space:nowrap">25-34;</FONT> or (iii)&nbsp;aged below 30. Company shall agree with Label in writing any change to the definition of the suspicious age
constellation. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:17%; font-size:10pt; font-family:Times New Roman">The foregoing criteria (I), (II) and (III)&nbsp;shall be monitored a **** during the Term for each Family
Premium Subscription. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(xi)</TD>
<TD ALIGN="left" VALIGN="top">In the case of manifest, persistent and widespread abuse of the Family Premium Subscription (as determined in Label&#146;s reasonable discretion), the Parties will escalate the issue at both companies with a view to
agreeing measures to curtail such abuse. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(xii)</TD>
<TD ALIGN="left" VALIGN="top">Company shall **** mutually agreed by the Parties and subject to applicable data protection laws and regulations. At Label&#146;s request, on an <FONT STYLE="white-space:nowrap">ad-hoc</FONT> basis, Company shall
provide details of Family Premium Subscriptions generally, including but not limited to ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"><U>Online Subscription</U>: For the avoidance of doubt, Company shall not be entitled to market or promote the Online Subscription or to allow individuals to subscribe to the same to the extent they are not existing
Subscribers to the Online Subscription as of the Effective Date, and it is acknowledged that the Grant of Rights hereunder only covers the Online Subscription in order to permit Company to continue making such Service available to such existing
Subscribers. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>9. <U>Authorized Distribution:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Authorized platform:</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Company shall be authorized to facilitate access to and use of the Services by End Users solely with an Approved Device via an Approved Interface, and solely to the extent that access using a particular type of Approved
Device is permitted in connection with each particular Service. For the avoidance of doubt nothing in this Agreement shall prohibit Company from allowing End Users access to Local Files on any type of device or through any Approved Interface via the
Services or otherwise. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Any <FONT STYLE="white-space:nowrap">co-branding,</FONT> <FONT STYLE="white-space:nowrap">sub-licensing</FONT> or white-labeling of an Approved Interface that is permitted hereunder shall be subject to the provisions
outlined in <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> 9(b) below. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Intentionally deleted. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Where Company permits third party developers and/or hardware manufacturers<B> </B>to create third party branded applications (including but not restricted to websites, web pages and software applications) or hardware
integrations on different platforms which can access materials hosted by Company (including Authorized Materials and other materials) by making available to such developers relevant application programming interfaces (APIs) and software development
kits (SDKs), which may include client libraries, the same shall be permitted by Label (and the grant of rights under this Agreement shall cover the making available of such Authorized Materials and their communication to the public) solely to the
extent that Company complies with, the terms and conditions and available guidelines in connection with such APIs and SDKs, and the terms and conditions set out in Exhibit M attached hereto. The provisions of Paragraphs 11(b) and (c)&nbsp;relating
to Server Security Breaches and Stream Security Breaches shall continue to apply in respect of access to and use of Authorized Materials via any API or SDK. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Label shall have the right at **** to provide written notification to Company to request the disabling of access (i)&nbsp;to all Authorized Materials; or (ii)&nbsp;to particular Authorized Materials at a product (e.g.,
album or track) or Label Artist level, via specific Application Keys of one or more particular widgets/iframes or third party applications/websites which utilize a Company API/SDK. In the event that Company is unable to disable access at a product
or Label Artist level, Company shall notify Label and Label shall have the option to request Company to disable access to all Authorized Materials for the Application Key of the relevant widget/iframe or third party application/website. Label shall
provide reasons for requesting disabling of access as part of any written notification. For the avoidance of doubt, Label&#146;s takedown right under this <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> 9(a)(5) shall not apply in the case of
any application branded solely with Company Branding that is created by a third party at the specific request of Company, provided always that access to and use of Authorized Materials via such application remains compliant with the terms and
conditions of this Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">****, Label shall have the right to provide written notification to Company to request the disabling of access to all Authorized Materials via any particular Application Key for any specific hardware integrations which
utilizes a Company API/SDK in the circumstances that such hardware integration results in any End User obtaining access to Authorized Materials via any type of device which is not an Approved Device for the Service of which he/she is an End User.
Label shall provide reasons for requesting disabling of access as part of any written notification. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">In the event Label provides a notification under <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> 9(a)(5) or 9(a)(6), Company shall comply within the following timeframes for disabling access to the relevant
Application Key: (i)&nbsp;no later than **** in Sweden following the date of such notification, other than where Label **** to disable access; or (ii)&nbsp;where Label cites **** to disable access, no later than **** following the date of such
notification. Except where the takedown is issued because of a breach of security due to Company&#146;s acts or omissions, in the event that Label exercises any take-down right pursuant to this clause, it shall require **** to SME Materials(and,
where licensed to such third party by Label, Orchard Materials) via such widgets, SDKs or APIs. Prior to disabling access to Authorized Materials pursuant to a notification under <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> 9(a)(5) or
9(a)(6) (as applicable), Company shall be entitled to request that Label provides, and Label shall thereafter provide, written confirmation that Label has also **** via equivalent widgets/iframes, SDKs or APIs, or the same device (as applicable).
The Parties acknowledge that the intention of the foregoing is that **** when exercising such take-down rights. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)
<U>Authorized Distributors</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Access to the Subscription Services may be (i)&nbsp;retailed to potential Subscribers by Company directly, or (ii)&nbsp;resold to potential Subscribers by third parties either on a stand-alone basis or bundled with the
products/services of such third parties, subject always to Company obtaining Label&#146;s written approval, which approval shall not be unreasonably withheld or delayed, on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis prior to authorizing such third party to do so<B> </B>(each such authorized and approved third party being referred to herein as an
&#147;<U>Authorized Distributor</U>&#148;). </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> (1)&nbsp;above, but subject always to <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> (3)&nbsp;below, no approval shall be required from Label
where: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company maintains the billing relationship with Subscribers and the Services retailed carry **** Company Branding; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">a third party retailer or hardware manufacturer sells or distributes access to any Subscription Service on a stand-alone (i.e. <FONT STYLE="white-space:nowrap">non-bundled),</FONT> &#145;a la carte&#146; basis (via gift
cards, redeemable codes or otherwise) in the normal course of its business. In the event that any such retailer <FONT STYLE="white-space:nowrap">pre-purchases</FONT> or guarantees to purchase from Company access to any Subscription Service in bulk,
for the avoidance of doubt all such revenues will be shared with Label; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">a third party sells access to any Subscription Service where acting solely on behalf of Company in the normal course of its business as a payment/billing solutions provider to facilitate distribution of the Subscription
Service by Company, provided always that such third party has not <FONT STYLE="white-space:nowrap">pre-purchased</FONT> or guaranteed to purchase from Company access to any Subscription Service in bulk; and/or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">the following conditions are all fulfilled: (i)&nbsp;the third party is not a **** and is not engaged in or facilitating ****, (ii) the offer is a maximum of **** access to the Premium Subscription per customer,
(iii)&nbsp;Label receives its full wholesale price for every month ****, which for the avoidance of doubt means that ****, (iv) **** in terms of any **** from particular deals ****; and (v)&nbsp;Company notifies Label in advance of any **** going
live. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Except as set out in 9(b)(2)(iv) above, Label&#146;s prior written approval shall always be required (i)&nbsp;in cases where Company authorizes any **** to any of the Services with the sale of a ****, excluding for the
avoidance of doubt any case in which such third party is solely <FONT STYLE="white-space:nowrap">pre-loading</FONT> a version of an Approved Interface (which may or may not include access to a Free Trial); or (ii)&nbsp;in respect of ****; or
(iii)&nbsp;in cases where Company authorizes any third party to distribute invitations to subscribe to a version of the **** in any country where such service is available on an **** basis, unless the number of **** which the third party is
authorized to distribute is less than or equal to **** in each **** period; or (iv)&nbsp;in cases where Company wishes to modify the wholesale amounts otherwise payable to Label under this Agreement in connection with a Subscriber&#146;s use of the
Services as distributed by a third party either on a bundled basis or <FONT STYLE="white-space:nowrap">non-bundled,</FONT> a la carte basis. For the avoidance of doubt, in each case Label provides such prior written approval, the relevant third
party distributor shall be an Authorized Distributor hereunder. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Distribution, bundling, <FONT STYLE="white-space:nowrap">co-branding</FONT> and/or <FONT STYLE="white-space:nowrap">co-marketing</FONT> of the Services with/via Prohibited Entities, or those engaged in **** shall be
prohibited in the absence of prior written approval from Label. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt, Company shall not be entitled to white-label the Services without prior written approval of Label. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">In the event that Company is required to obtain Label&#146;s written approval in connection with this paragraph 9(b), Company shall provide full background information regarding the proposed opportunity and the third
party concerned. Label shall use its commercially reasonable efforts to provide a response as soon as reasonably practicable following receipt of any request by Company. However, such approval shall in no circumstances be deemed granted in the
absence of a written communication from Label to that effect, and it is acknowledged by Company that Label shall have the sole discretion whether or not to grant approval in any particular circumstances, provided always that Label acts reasonably
and in good faith in reaching such decision. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">Company shall provide to Label promptly on demand from time to time during the Term, a comprehensive list of third parties (including ****) ****. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top">During the Term, Company shall use its commercially reasonable efforts either: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">to provide via email to Label in good faith on a **** third parties **** the Services with which Company ****; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">to make relevant personnel available to meet with Label no less frequently than on a **** basis to discuss in detail any ****. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>10. <U>Wholesale Fees:</U> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) In
consideration of the rights granted to Company in respect of the use and exploitation of Authorized Materials in connection with the Services, Company shall pay to Label after each **** (and in accordance with the provisions of this paragraph 10,
section 2 of the letter agreement portion of this Agreement and other provisions of this Agreement) the fees, calculated and reported on a **** basis (the &#147;<U>Wholesale Fees</U>&#148;) as follows: </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(1)</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B><B><I><U>Wholesale Fees in connection with SME Materials</U></I></B><B>: </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Calculated on a **** basis, Company shall pay in respect of each **** the **** (A) and (B): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(A)</TD>
<TD ALIGN="left" VALIGN="top">The ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"><U>Ad Supported Service</U>. **** attributable to the Ad Supported Service in the relevant ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"><U>Online Subscription</U>. The ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">**** attributable to the Online Subscription in the relevant ****; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">**** in the relevant ****, subject always to Paragraph 10(b) below and regardless of whether **** in such ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"><U>Premium Subscription</U>. The ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">**** attributable to the Premium Subscription in the relevant ****; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">**** in the relevant ****, subject always to Paragraph 10(b) below and regardless of whether **** in such ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"><U>Family Premium Subscription</U>. The ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">**** attributable to the Family Premium Subscription in the relevant ****; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">The applicable amount set forth in clauses (i)&nbsp;or (ii) for the applicable period: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="35%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"><U>With respect to any and all periods from and after the Effective Date</U>: **** of: (a)&nbsp;where the ****; or (b)&nbsp;where the **** in the relevant ****, subject always to Paragraph 10(b) below and regardless of
whether **** in such **** (and provided that only **** shall be counted for the purposes of this <FONT STYLE="white-space:nowrap">sub-paragraph);</FONT> and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="35%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">ii.</TD>
<TD ALIGN="left" VALIGN="top"><U>With respect to any and all periods prior to the Effective Date</U>: **** (as defined in the Prior Agreement) for the applicable period of the Term (as defined in the Prior Agreement) of the Prior Agreement of ****
(as defined in the Prior Agreement) ****, subject to any otherwise applicable adjustments set forth in the Prior Agreement for ****, respectively. (Reference is hereby made to paragraph 2(d) of this Exhibit A.) </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(B)</TD>
<TD ALIGN="left" VALIGN="top"><U>All Services</U>. In respect of all Services, **** for all **** in the relevant ****. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">The
values of **** shall be as set out in Exhibit H.<B> </B>For the avoidance of doubt, unless otherwise approved in writing, **** in connection with any Services retailed by Authorized Distributors **** shall ****, based on the **** (i) **** of
applicable ****; and (ii) **** subscriber to the relevant Service.<B> </B>The following additional retail offerings are hereby deemed approved for inclusion in the wholesale fee calculation under this Paragraph 10(a)(1): **** including a **** for
****; and any **** for the Subscription Service. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(2)</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B><B><I><U>Wholesale Fees in connection with Orchard Materials</U></I></B>: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Calculated</TD>
<TD ALIGN="left" VALIGN="top">on a **** basis, Company shall pay in respect of each **** the **** (A) and (B): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(A)</TD>
<TD ALIGN="left" VALIGN="top">The ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"><U>Ad Supported Service</U>. **** attributable to the Ad Supported Service in the relevant ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"><U>Online Subscription</U>. The ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">**** attributable to the Online Subscription in the relevant ****; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">**** in the relevant ****, subject always to Paragraph 10(b) below and regardless of whether such **** in such ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"><U>Premium Subscription</U>. The ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">**** attributable to the Premium Subscription in the relevant ****; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">**** in the relevant ****, subject always to Paragraph 10(b) below and regardless of whether such **** in such ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top"><U>Family Premium Subscription</U>. The ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">**** attributable to the Family Premium Subscription in the relevant ****; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="26%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">The applicable amount set forth in clauses (i)&nbsp;or (ii) for the applicable period: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="21%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"><U>With respect to any and all periods from and after the Effective Date</U>: **** of: (a)&nbsp;where the ****; or (b)&nbsp;where the **** in the relevant ****, subject always to Paragraph 10(b) below and regardless of
whether **** in such **** (and provided that only **** shall be counted for the purposes of this <FONT STYLE="white-space:nowrap">sub-paragraph);</FONT> and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="21%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">ii.</TD>
<TD ALIGN="left" VALIGN="top"><U>With respect to any and all periods prior to the Effective Date</U>: **** (as defined in the Prior Agreement) for the applicable period of the Term (as defined in the Prior Agreement) of the Prior Agreement of ****
(as defined in the Prior Agreement) ****, subject to any otherwise applicable adjustments set forth in the Prior Agreement for ****, respectively. (Reference is hereby made to paragraph 2(d) of this Exhibit A.) </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(B)</TD>
<TD ALIGN="left" VALIGN="top"><U>All Services</U>. In respect of all Services, **** for all **** in the relevant ****. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">The
values of **** shall be as set out in Exhibit H. For the avoidance of doubt, unless otherwise approved in writing, **** in connection with any Services retailed by Authorized Distributors **** shall ****, based on the **** (i) **** of applicable
****; and (ii) **** per subscriber to the relevant Service. The following additional retail offerings are hereby deemed approved for inclusion in the wholesale fee calculation under this Paragraph 10(a)(2): **** including a **** for ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>(3)</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B><B><I><U>Revenue share percentage and discounts</U></I></B><B>: </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">For the purposes of
this Paragraph 10(a), and subject always to Paragraph 10(e), the **** in respect of the Services, provided always that such **** from time to time during the Term in accordance with the following: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">At the start of each successive **** during the Term, commencing on the Effective Date (each, a &#147;<U>****</U>, the **** and the **** (the &#147;<U>****</U>&#148;) in respect of the ****. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means the existence of **** of such **** reported for each **** for the applicable portion of the applicable Contract
Period of the Term: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:67.70pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Determination Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>****</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>****</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">****</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means, collectively, the number of individual **** of the **** or **** (including any
offer of the **** with a retail discount for ****, any **** and any **** to the Premium Subscription **** by an ****, including ****, but excluding any **** and **** and/or individual **** in connection with the **** (excluding associated ****, but
including **** in the case of **** to the **** by an ****). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means the total number of **** in Launched Countries
during the **** concerned, **** throughout the Launched Countries during the **** concerned and the number of **** throughout the Launched Countries of the Ad Supported Service during the **** concerned}, **** the Determination Date, being ****.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;<U>Launched Countries</U>&#148; means those countries where any of the Services have launched as of the Effective Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;<U>Bundled Offering</U>&#148; means (i)&nbsp;any Bundled Offering (as defined in the ****) covered by a Partner Schedule pursuant to the
Framework Amendment; or (ii)&nbsp;a bundled offering of the Premium Subscription by an Authorized Distributor pursuant to a Bundle Deal. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;<U>Standalone Offering</U>&#148; means (i)&nbsp;any Stand-Alone Offering (as defined in the ****) covered by a ****; or (ii)&nbsp;a
stand-alone offering of the Premium Subscription by an Authorized Distributor pursuant to a Bundle Deal. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means
{the ****of the **** throughout the Launched Countries (excluding **** and **** engaged in **** at the beginning of the **** of those specific **** at the end of the **** (for the avoidance of doubt excluding any individuals who **** during the ****
{the number of **** of the **** throughout the Launched Countries (excluding **** and ****) at the beginning of the ****}. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;<U>****</U>&#148; means **** equal to less than ****,
taken as **** for the preceding **** on the relevant ****. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">As at any given Determination Date, for each individual **** which Company has met in respect of the immediately preceding ****, the **** by **** until the next Determination Date (e.g., if at the start of Contract
Period 1, Company has met all **** in respect of the immediately preceding ****, the **** shall be **** until the start of the **** of Contract Period 1(the amount of Wholesale Fees payable in excess of the Wholesale Fees that would be payable if
the **** were equal to **** shall be referred to as the &#147;<U>****</U>&#148; for the **** concerned). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything elsewhere in this Agreement, to the extent that any **** has **** in respect of the immediately preceding **** as of any given ****: (x) the otherwise applicable **** of the **** shall be ****
as computed on a **** for each of the two **** in Contract Period 1 (such ****, the &#147;<U>****</U>&#148;) and (y)&nbsp;the otherwise applicable **** of the **** shall be **** as computed on a **** for each of the **** (such ****, the
&#147;<U>****</U>&#148;). In the event that **** for **** pursuant to subparagraph 2(a) hereof, to the extent that any individual **** for **** or **** has not been met in respect of the immediately preceding **** as of any given ****: (xx) the ****
of the ****, if any, as computed on a **** for each of the **** in ****, shall be deemed the ****&#148;, and (yy) the **** of the ****, if any, as computed on a **** for each of the **** in ****, shall be deemed the &#147;<U>****</U>&#148;.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt, in respect of each **** during each **** that immediately follows the **** concerned, for the purposes of this Paragraph 10(a), the Wholesale Fees credited to Label&#146;s and Orchard&#146;s
Wholesale Fees account under this Agreement shall be determined and calculated on the basis of **** as the **** in respect of the Services. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>****</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>. In the event that access to the Online Subscription, Premium Subscription or Family Premium Subscription is retailed to certain Subscribers by Billing Providers or App Store Providers on behalf of Company,
then for **** by each such Billing Provider or App Store Provider, the **** (as applicable) in respect of **** shall be ****equal to the **** in connection with transactions related to such Billing Provider or App Store Provider, subject always to
**** of the **** attributable to all transactions related to such Billing Provider or App Store Provider, less any VAT or other sales tax. For the avoidance of doubt, the aforementioned **** shall be determined on a Billing <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Provider-by-Billing</FONT></FONT> Provider and App Store <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Provider-by-App</FONT></FONT> Store Provider basis, in each case
calculated for all **** using that Billing Provider or App Store Provider in the relevant part of the Territory on an **** basis. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"><U>Potential Adjustment For **** and ****</U>. Label acknowledges that **** relating to the **** by **** of **** received by Company may require Company to **** the allocation of **** and **** amounts across each ****of
the **** for which such subscription fees were paid. Specifically, Company may need and shall be permitted to apply an **** rate for **** and **** amounts attributable to all Subscribers during each Monthly Subscription Period that is based on a
****, the **** of which is the average **** and **** amounts, as applicable, for **** during a particular **** and the **** of which is the number of **** in each such ****. As used in this paragraph, **** shall mean the **** during which ****
payable by **** on a particular day of ****. For example, the period of **** to **** shall be considered the **** for all **** for whom ****are payable on the ****of each ****while the period of ****to ****shall be considered the ****for all ****for
whom **** are payable **** of each ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>. Notwithstanding the foregoing and subject to the final sentence of this <FONT STYLE="white-space:nowrap">sub-paragraph,</FONT> if a **** does not **** prior to the end of a **** (but not for the avoidance
of doubt where an End user does **** prior to the end of the ****) and Company does not **** of a **** from the **** for such ****, no **** shall **** in respect of such **** only. Company agrees to use reasonable commercial efforts (i)&nbsp;to
avoid the situation where **** fail to **** (for example, by **** in the event ****) and (ii)&nbsp;to encourage **** prior to the end of an ****, including but not necessarily limited to by sending SMS messages and/or emails. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"><U>Legacy Subscribers ****.</U> Notwithstanding anything to the contrary contained herein, the **** set out in **** shall be adjusted as follows in the following countries for the period commencing on the Effective Date
and continuing until ****, for Subscribers to the Premium Subscription who were already Subscribers as of the Effective Date: </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">**** </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>****:</U> To the
extent that any particular **** are generated within any calendar month which cannot **** be associated with any one particular **** (for example, where particular **** have not been generated in connection with one or more ****), then for the
purposes of calculating Wholesale Fees hereunder, the relevant **** shall be **** between all **** in the **** concerned by reference to the number of **** in the **** concerned. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <U>****</U>: Except as expressly prescribed in this Paragraph 10(d), Company may **** any amounts **** to **** and / or **** to **** to
**** (e.g. ****in ****) in respect of the exploitation of Authorized Materials ****. Except as expressly prescribed in this Paragraph 10(d), Company also hereby **** to make any **** in connection with **** under any **** in any and all preceding
contractual arrangements between Company and Label. Notwithstanding the foregoing, in the event that any **** and/or **** of any kind (each, a ****), should assess any **** and other **** in respect of the ****, however characterized, that is
required to be ****, or that Company reasonably believes is required to be ****, under local law in any country of the Territory ****, Company shall be permitted to **** amount of **** attributable to the **** in the country of the Territory
concerned from the **** that are **** under this ****, that (i)&nbsp;the aggregate amount of such **** shall in no event **** of **** or **** (as applicable) of **** for the **** of the Territory for any **** during the Term, (ii) **** may only be
**** (or scheduled for payment) to the applicable third party (and in the event the applicable third party is ever required to **** to Company or its Affiliates, Company shall **** at the earliest possible opportunity)&nbsp;(ii) Company shall use
commercially reasonable efforts to **** concerned the lowest possible **** in the applicable **** of the Territory, and (iii)&nbsp;on Company&#146;s request, Label and Orchard will meaningfully consult with Company on a regular basis throughout
Company&#146;s **** with the **** for the purpose of advising **** with respect to **** to be **** in the applicable country of the Territory at the applicable time during the Term, taking into account industry standards. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <U>****</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding
anything elsewhere in this Agreement: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(1) If, within any given period of the Term, Company **** in the case of ****, then such **** shall
apply to Label **** the applicable **** (as set, and potentially discounted, pursuant to Paragraph 10(a)(3)) for the period that the **** applies to the ****. Once the **** changes to **** to the **** that would otherwise apply to Label (subject to
any discount pursuant to Paragraph 10(a)(3)), the **** shall return to the level **** (subject to any discount pursuant to Paragraph 10(a)(3)). For the purposes of this <FONT STYLE="white-space:nowrap">sub-paragraph,</FONT> a &#147;<U>****</U>&#148;
means a **** that is **** than the **** (subject to any **** pursuant to Paragraph 10(a)(3)) used to calculate Label&#146;s and Orchard&#146;s wholesale fees hereunder at the relevant time, **** to which such Other Party is **** made to Wholesale
Fees hereunder, during the relevant part of the Term; and &#147;<U>****</U>&#148; means the **** in respect of any of the Services (prior to ****) which is **** agreed between Company and the ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(2) To the extent that Company **** on the **** and **** or **** of **** of **** and/or **** in respect of which **** are counted within the
**** of the **** used to **** in connection with any Service, and any such **** are more **** than the **** within the definition of **** and **** hereunder, then Company shall **** and **** in accordance with ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <U>****</U> In the event that Company or an Authorized Distributor retails a **** Premium Subscription or Family Premium Subscription to a
particular consumer, the relevant Wholesale Fees may, at Company&#146;s option, be calculated using the relevant formulae above, subject to ****. Notwithstanding anything in this Agreement, for any subscription fees that are paid by or on behalf of
a Subscriber pursuant to a billing cycle that is longer than **** (e.g., ****payment plans),**** by or on behalf of such Subscribers will be **** under this Agreement **** over the applicable subscription billing period for the Subscriber concerned.
It is agreed that such subscribers&#146; usage of the Services shall continue to count towards the **** as part of the **** due in respect of other <FONT STYLE="white-space:nowrap">non-discounted</FONT> subscribers. For the avoidance of doubt, the
**** described in this <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> shall only apply where ****passes onto the **** in the **** which are at least equal to the relevant **** </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) <U>Free Trials; Retail Discounts; Growth Offers:</U> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"><U>Free Trials</U>. In the event that Company offers trial access to **** and/or **** and/or **** to any particular Subscriber on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">free-of-charge</FONT></FONT> basis (such access, a &#147;<U>Free Trial</U>&#148;), Label shall ****, provided always that: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">In respect of Subscribers who have supplied **** or other **** prior to being granted access to the free trial, no single Subscriber may be offered more than **** in aggregate, provided that End Users who have
previously accessed the Premium Subscriptions and/or Family Premium Subscriptions and/or student subscriptions as part of a **** shall be offered no more than **** in aggregate. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">In respect of Subscribers who have not supplied ****, no single Subscriber may be offered more than **** in aggregate (provided that users who previously accessed the Service as part of a **** Free Trial shall be
offered no more than **** in aggregate). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Subscribers who are offered one (1)&nbsp;or more Trial Days and supply their **** (subject to applicable local law) into a paid subscription to the **** and/or **** and/or **** at the end of the last Trial Day in the
block offered unless they **** the subscription prior to the end of such Trial Day. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">In the event that a Subscriber subscribes to the Subscription Service prior to having been offered the **** set out in clauses (i)&nbsp;or (ii) above, and such user ****, Company shall have the right to use any ****
such End User. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">During Trial Days, Company shall give each Subscriber who has not previously registered a ****<B> </B>an opportunity to **** and in the event that such End User provides a **** the end of the applicable Trial Day, such
End User may be offered up to **** (less the number of Trial Days offered to such End User prior to such **** registration) in aggregate. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">Without limiting any other provision of the Agreement, Trial Days shall: (a)&nbsp;be solely Company branded; and (b)&nbsp;only be made available by the Company ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">In the case that Company tests ****), **** indicating that such trials lead to **** to paid subscriptions and **** may agree to **** of this Agreement in order to **** on **** connected with such trials. Company shall
include in its monthly reporting to Label the number of Free Trials offered in the previous month. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">Other than to the extent permitted in this <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> (1), no Subscriber shall be entitled to register for a Free Trial in the event that he/she has previously been a
Subscriber to any of the Subscription Services, including by way of a Free Trial, in the previous ****, and Company shall use reasonable commercial efforts to **** to Free Trials outside of that interval by particular individuals, by reference to
factors including but not necessarily limited to ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"><U>Intro Offers and Winback Offers.</U> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><U>Intro Offers</U>. Where Company launches a significant marketing campaign offering a **** subscription to the
Premium Subscription for the price of **** (an <B>&#147;</B><U>Intro Offer</U>&#148;), then provided that (i)&nbsp;the Intro Offer is available to users for a maximum of **** in such country, (ii)&nbsp;no more than **** Growth Offers are offered by
Company in any country in any **** period, (iii)&nbsp;at least **** have passed since the end of the last Growth Offer in the applicable country, (iv)&nbsp;Intro Offers may not be taken up by a Subscriber or any user who has been a paying Subscriber
to the Premium Subscription (including but not limited to by way of Growth Offer) in the last **** or has received the benefit of a Free Trial in the last ****, (v) Intro Offers must be offered by Company **** and ****, (vi) Label has not elected to
**** by providing **** prior written notice to Company, (vii)&nbsp;Intro Offers may not be offered **** (vii) End Users must submit a **** prior to accessing the Growth Offer, and (viii)&nbsp;where permitted by applicable local law, ****, the End
User **** Subscriber to the </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">43 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="21%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Premium Subscription at the end of the third month, then the Parties agree that: (a)&nbsp;for each Subscriber that registers for or accesses a Intro Offer, the **** for such Subscribers will be **** of the otherwise
applicable **** (up to a maximum of ****) and Company will pay the **** in respect of all months of the Intro Offer, and (b)&nbsp;in addition to the standard reporting obligations, Company shall provide Label with the reporting set out in <FONT
STYLE="white-space:nowrap">sub-paragraph</FONT> (iii)&nbsp;below. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"><U>Winback Offers</U>. Where Company launches an offer allowing End Users of the Ad Supported Service who were previously Subscribers, but **** to the Subscription Services more than **** prior to taking the Winback
Offer (such **** not to include any days included within a ****), a **** subscription to the Premium Subscription for the price of **** or less (a &#147;<U>Winback Offer</U>&#148;), then, provided (i)&nbsp;the Subscriber cancelled his/her
subscription to one of the Subscription Services more than **** prior to taking the Winback Offer (such **** not to include any days included within a ****); (ii) each Winback Offer is offered to eligible End Users for a maximum of **** in the
country concerned, (iii)&nbsp;no more than **** Growth Offer campaigns have been offered by Company in any country in any **** period, (iv)&nbsp;at least **** have passed since the end of the last Growth Offer campaign in the applicable ****, (v)
Winback Offers may not be taken up by a Subscriber or any End User who has previously taken up an Growth Offer in the last **** or a Free Trial (unless such Free Trial preceded a period of paid subscription) in the last ****, (vi) Winback Offers may
not be offered ****), (vii) End Users must submit a valid **** prior to accessing the Winback Offer, (viii)&nbsp;Winback Offers must be offered by Company ****, (ix) Label has not **** out of Winback Offers by providing **** prior written notice to
Company, and (x)&nbsp;where permitted by applicable local law, **** to the Premium Subscription at the end of the ****, then the Parties agree that: (a)&nbsp;for each Subscriber that registers for or accesses a Growth Offer, the **** will be **** of
the otherwise applicable **** for such Subscribers for each and every month of the Winback Offer (up to a maximum of ****) and Company will pay the **** in respect of all months of the Winback Offer and (b)&nbsp;in addition to the standard reporting
obligations, Company shall provide Label with detailed reporting regarding Subscribers who have enrolled in the Winback Offers and the reporting set out in <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> (iii)&nbsp;below. Notwithstanding the
foregoing, in any country where the **** is raised pursuant to paragraph ****), Company shall have the right to offer **** additional Winback Offer during a **** period after any month in which Subscriber **** show a material increase.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">At Label&#146;s request, Company shall provide **** for each Growth Offer, as well as ****, within **** following its expiry. Each line of the cohort report shall indicate the ****, the **** of Growth Offer, the ****
the monthly cohort ****, the number of **** users from the **** to the Premium Subscription since conversion (normalized across present and past promotions with data at Day ****), the **** to the Premium Subscription, the total number of ****.
Company shall also report the **** i.e. in relation to the Intro Offer, users who were new to any of the Services, as compared with users already on the Ad Supported Service. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt, Company shall pay Label in respect of Subscribers to Growth Offers as part of the **** set out in paragraph 10(a) above. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"><U>Retail Promotions/Discounts</U>. Unless otherwise specified in this Agreement or as part of any further written agreement between the Parties during the Term, in the event that Company offers discounted access to any
Service in any part of the Territory for all or only certain eligible Persons, Company shall pay the applicable Wholesale Fees due in connection with any such access under this Agreement, without any discount. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) <U>Review of </U><U>****</U>: In the **** of each of Contract Period 1, Contract Period 2 and where applicable **** and ****, to the extent
necessary, the **** can be reviewed as follows: (a)&nbsp;Label may **** provided that (1)&nbsp;notice has been provided at least **** in advance of such date, and (2)&nbsp;Company will not be **** to ****; and (b)&nbsp;in the event that the **** in
**** increases by more than **** compared to its equivalent at the date of execution of the Agreement, on no less than **** written notice to Company, Label may apply a **** not to ****, provided that (x)&nbsp;Company will not be **** to **** in
respect of ****, and (y)&nbsp;in the event that Company presents evidence to Label that such **** in any of ****, Label and Company agree to have a good faith discussion regarding such ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">44 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <U>****</U>: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"><U>Minimum sub months or revenue</U>. In the event that a third party (i) **** access to a Subscription Service for the purpose of distributing such months to end users during a certain period of time, or (ii) **** in
respect of distributing access to a Subscription Service to end users during a certain period of time, Company agrees the general principle that **** for the purposes of this Agreement. Unless otherwise agreed with Label as part of the process of
obtaining Label&#146;s approval (where required) in connection with arrangements for any particular Authorized Distributor, at the end of the relevant **** period and when such revenue becomes due, Company shall calculate **** and include details of
such share as part of the immediately following Financial Statement and Monthly Report. For the purposes of calculating Label&#146;s share in such circumstances, Company shall calculate each of &#145;SME&#146;s Usage Percentage&#146; and
&#145;Orchard&#146;s Usage Percentage&#146; as an **** of the applicable **** in each of the **** during the guarantee period. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"><U>Gift cards or codes</U>. In the event that Company or a third party retails Company Branded gift cards or redeemable codes carrying monetary value (e.g. $20), then any portion of such value (less applicable VAT)
which is redeemed to obtain access to a Subscription Service shall be deemed Gross Revenues in the month of such redemption. In the event that Company or a third party retails Company Branded gift cards or redeemable codes carrying a number of
subscription months (e.g. 6 months&#146; access to the Premium Subscription), then a fraction of the retail price of the card/code (less VAT) equal to **** shall be deemed Gross Revenues in each month of redeemed access to the applicable
Subscription Service. In the event that any gift card or code carrying monetary value has an expiry date, **** in respect of the Premium Subscription, and **** recognized over a period of time according to an **** based on historical projections. In
the event that any gift card or code carrying a number of subscription months has**** in respect of the applicable Subscription Service, and up to 31&nbsp;December 2017 shall be at the relevant expiry date, and thereafter shall be recognized over a
period of time according to an **** based on historical projections. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) <U>Company&#146;s Unilateral Establishment of
Retail Prices</U>. Company shall unilaterally establish its own retail price to Subscribers with respect to the Services. Label shall not have any authority to instruct Company as to what such prices must be, or interfere with their independent
establishment of such retail prices. Company is free to advertise, promote and offer for sale products and access to the Services at any retail price it chooses. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) <U>Comp Accounts</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(1)
Company may offer complimentary accounts for the Premium Subscription to Company&#146;s full-time employees, for which Company shall not be required to pay Wholesale Fees otherwise due hereunder (&#147;<U>Comp Accounts</U>&#148;), provided always
that each Other Party has agreed to waive wholesale fees for such Comp Accounts and that Company reports the number of Comp Accounts as part of each Financial Statement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(2) Company shall, at Label&#146;s request, **** subscriptions to the Subscription Service at a **** to the retail price that would otherwise
be payable by Subscribers in the applicable country (&#147;****&#148;). Label shall discount the Wholesale Fees that would otherwise be payable pursuant to paragraph 10 solely in respect of such accounts by ****. Company is not obliged to provide
Label with more than **** at any one time and Label will only offer **** and will terminate an End User&#146;s access to a **** within **** of their **** by Label. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) <U>Approved Offerings Pursuant to the ****</U>. Solely insofar as the **** and each **** pertains to (i)&nbsp;the remaining duration of any
Offer Periods for **** pursuant to any **** entered into pursuant to the **** prior to the Effective Date, or ****, that remain in effect as of the Effective Date, and (ii)&nbsp;any and all **** entered into during the Term of this Agreement after
the Effective Date for ****, and notwithstanding anything to the contrary in any **** entered into pursuant to the **** prior to the Effective Date, the **** and each **** is hereby **** to provide that from and after the Effective Date, the **** to
be **** shall be determined and calculated pursuant to **** for the Subscription Service (subject to the adjustment set forth in paragraph 10(b)(2) above for **** and the ****), in lieu of the royalty calculation methodology set forth in ****
section of the **** or the relevant part of the applicable ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">45 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) <U>Good Faith Discussions Regarding Unlaunched
Countries</U>. Company will not launch the Services in Unlaunched Countries for which no rates are included in Exhibit H attached hereto. For the Unlaunched Countries, Company will not launch the Services without giving Label at least **** notice in
advance and Label and Company agree to discuss in good faith rates in connection with such Unlaunched Countries; provided, however, that Company shall not be obligated or permitted to make available Authorized Recordings in any Unlaunched Country
where Label and Company have not agreed to applicable rates. As used in this <FONT STYLE="white-space:nowrap">sub-paragraph,</FONT> &#147;<U>Unlaunched Country</U>&#148; means any country in which the Service has not launched as at the Effective
Date. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>11. <U>Security:</U> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) At
all times during the Term, the Authorized Materials shall be (i)&nbsp;stored, hosted and secured on Company Servers, Distribution Servers; and Approved Devices of other End Users via Company&#146;s proprietary ****, and delivered directly to End
Users from Distribution Servers, in all cases solely in accordance with the Technical and Security Specifications. Company represents and warrants that, at all times during the Term, Company Servers containing Authorized Materials that are
controlled by Company **** with reasonable particularity as to **** (<U>e.g.</U> by providing the name of the facility, the street address of such facility and the main phone number for such facility). Company shall give Label **** prior notice
before **** the **** of any **** that is controlled by Company. For the avoidance of doubt, it shall not be considered a material breach of this Agreement by Company in the event that it fails to notify Label in accordance with the previous
sentence, as of the date hereof, the Company Servers are located at the facilities and locations disclosed in Exhibit F attached hereto. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) If Company becomes aware of any unauthorized access to or unauthorized reproduction of Authorized Materials in contravention of the terms,
conditions or limitations prescribed in this Agreement as a result of a breach of security with respect to Company Servers, Distribution Servers or any other aspect of Company&#146;s server-side distribution platform, including network components
used in connection with Company Servers or Distribution Servers (<U>e.g.</U>, a server hack), or if Company becomes aware that any of the security features contained in the Technical and Security Specifications, solely insofar as they relate to
server-side security, are capable of circumvention (a &#147;<U>Server Security Breach</U>&#148;), Company shall (i) **** (in the event that **** was not the person or entity that ****), (ii) reasonably cooperate with Label, ****, to promptly cure
the Server Security Breach concerned to Label&#146;s reasonable satisfaction and (iii)&nbsp;give Label such assurances and furnish to Label such plans as are reasonably satisfactory to Label detailing, with reasonable particularity, the steps that
have been taken and the steps that Company proposes to take to eliminate the Server Security Breach concerned. Without limiting Label&#146;s rights and remedies hereunder or otherwise, in the event that Company is unwilling or unable to cure such
Server Security Breach to Label&#146;s reasonable satisfaction **** (taking into account all relevant circumstances including the severity of the Server Security Breach) after, but in any event within **** of, becoming aware of such Server Security
Breach, Label shall have the right, in its sole discretion, as of the end of such **** period, exercisable by notice to Company (which notice, notwithstanding anything to the contrary herein, may be delivered via facsimile, electronic mail or any
other effective method of written communication) to **** until such Server Security Breach is cured to Label&#146;s reasonable satisfaction. During the ****, and (y)&nbsp;all Authorized Materials **** made available via the Service shall **** (such
Authorized Materials are sometimes referred to herein as ****), as Label shall direct. Without limiting the generality of the foregoing, Label shall be permitted to **** of the Term under the foregoing provisions of this subparagraph lasts more than
**** (or **** in any period of ****). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Company shall employ a technology solution (including a secure streaming format in accordance
with Paragraph 11(d)) that administers and effectively enforces the security of Streams, Cached Streams and Cached Downloads embodying Authorized Materials delivered via the Service. Without limiting any other provision of this Agreement in respect
of Company&#146;s administration and enforcement of such security, in the event that such technology solution (including the approved secure streaming format) fails to effectively enforce the intended security for any particular items of Authorized
Materials hereunder (a &#147;<U>Stream Security Breach</U>&#148;), Company shall (i) **** (in the event that **** was not the person or entity that ****), (ii) reasonably cooperate with Label, ****, to promptly cure the Stream Security Breach
concerned on a prospective basis to Label&#146;s reasonable satisfaction and (iii)&nbsp;give Label such assurances and furnish to Label such plans as are reasonably satisfactory to Label detailing, with reasonable particularity, the steps that have
been taken and the steps that Company </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">46 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">proposes to take to eliminate the Stream Security Breach concerned on a
prospective basis. Without limiting Label&#146;s rights and remedies hereunder or otherwise, in the event that Company is unwilling or unable to cure such Stream Security Breach on a prospective basis to Label&#146;s reasonable satisfaction within
**** from the date Company becomes aware of such Stream Security Breach, Label shall have the right, in its sole discretion, as of the end of **** period, exercisable by notice to Company (which notice, notwithstanding anything to the contrary
herein, may be delivered via facsimile, electronic mail or any other effective method of written communication) to **** until such Stream Security Breach is cured to Label&#146;s reasonable satisfaction. During the ****, and (y)&nbsp;all Authorized
Materials **** made available via the Service shall ****, as Label shall direct. Without limiting the generality of the foregoing, Label shall be permitted to **** under the foregoing provisions of this subparagraph lasts more than **** (or **** in
any period of ****). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Company **** that the security features of the Services are designed to prevent the capture or extraction of
Authorized Recordings (i)&nbsp;directly from Distribution Servers, and/or (ii)&nbsp;during Streaming or downloading of a Cached Download or Cached Stream (including through use of browser extensions and development tools), including but not
necessarily limited to encrypting the content of Streams, Cached Streams and Cached Downloads between Distribution Servers and Approved Interfaces. Company and its Service Providers (if applicable) shall also use reasonable technical efforts to
defeat any real-time capture attempts exploiting audio drivers of devices. For the avoidance of doubt, in connection with Streams, buffering may occur in the form of segments having a maximum individual duration of ****, provided always that such
segments are ****. Company shall ensure that (x)&nbsp;all requests for Streams, Cached Streams and Cached Downloads are effectively authenticated so as to apply effective restrictions on access, including but not necessarily limited to
authentication of session ID, user ****; and (y)&nbsp;each unique URL utilized to deliver a Stream, Cached Stream or Cached Download is obfuscated and expires immediately following the period of time required to complete delivery of the same to the
device in connection with which it was generated. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) For the avoidance of doubt, Label acknowledges that Company shall only be
responsible under the above provisions in respect of any method of capturing Streams, Cached Streams or Cached Downloads of Authorized Materials which specifically exploits any aspect of Company&#146;s streaming protocol or other software/technology
under Company&#146;s control, and Company shall not be liable in connection with any generic stream-ripping tool that captures audio content at an operating system, hardware or driver level. However, Company shall implement industry-standard
technical solutions, to be approved by Company in writing, to secure Streams, Cached Streams and Cached Downloads in order to prevent unauthorized capture/extraction of Authorized Materials onto any device. The technical solutions set out in the
Technical and Security Specifications are hereby approved for such purposes. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>12. <U>Delivery/Encoding</U>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Label and Orchard will deliver encoded Content Files<B> </B>containing Authorized Materials in accordance with the mutually agreed Content
Preparation and Delivery Specifications. Without limiting the foregoing, Label and Orchard agree to use commercially reasonable efforts to deliver Content Files, including without limitation the relevant metadata containing the Ad Supported Release
Date (if any) and General Release Date, at least **** prior to the applicable General Release Date, provided that it is acknowledged that on an infrequent basis it may be necessary to deliver Content Files closer to the General Release Date, in
which cases the Parties will work in good faith to ensure the applicable content is made available on the applicable Services from the General Release Date. Company shall be permitted to transcode Content Files into Approved Formats from any high
quality delivery format. For the avoidance of doubt, Content Files containing each of the foregoing elements of Authorized Materials shall be ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Where Label or Orchard deliver **** content to a ****, Label and Orchard shall provide Company with the ****. For the sake of clarity, the
Parties acknowledge that no rights are granted to Company pursuant to the forgoing sentence to make Authorized Materials available in a **** that is **** (including Subscribers) of the Services as permitted under this Agreement pursuant to the
foregoing provisions of this definition and the Technical and Security Specifications. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) With respect to each Authorized Recording
delivered under this Agreement (and each Authorized Recording delivered by Label and/or Orchard to Company under the Prior Agreement, as applicable), Label and Orchard, solely to the extent such information is available to Label and Orchard, as
applicable, shall ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">47 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Following execution of this Agreement, the Parties&#146; relevant personnel
will discuss in good faith appropriate processes for **** concerning authorized recordings delivered by Label and/or Orchard under the Prior Agreement and under this Agreement. Company agrees that ****. Notwithstanding the previous sentence, as soon
as commercially reasonable **** and not from Label and/or Orchard. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>13. <U>****:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Company represents, warrants and covenants that, as of the Effective Date, to the extent it **** to the **** containing or resulting ****
of any **** having effect during, and to the extent of, **** with the **** which are **** than the **** in this Agreement, and/or in the event Company **** to **** the **** of any such ****, being referred to hereunder as a ****, it shall **** and
**** to **** the **** of the **** in such **** in lieu of the **** contained **** subject to Paragraphs **** and **** below, respectively. For the avoidance of doubt, **** will also be deemed to result from **** in **** from this **** subject to
Paragraphs **** and **** below, respectively. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Company represents, warrants and covenants that, **** the **** if Company **** during
the Term, then Company **** to **** of such **** and **** the **** of the applicable **** contained in or implicated by such **** to the extent it relates to **** of the **** in lieu of the **** in this **** subject to Paragraphs **** and ****
below. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) As used herein**** provided that each shall be ****with respect to all ****without ****any ****or ****which may be ****: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">The **** of**** within and/or timing **** in connection with the **** in connection with the ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">The **** to **** (including but not limited to ****of ****), and to **** so that it is routinely accessible solely via **** of the **** for any **** than **** and the **** by an ****; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">The ****with reference to both **** (including but not restricted to ****of ****which do not originate from Company); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">The **** (or equivalent concept) with respect to the intended scope of **** with ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">The extent of any **** in connection with ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">**** rules pertaining to **** as accessible on the **** including as part of ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top">Any and all types of **** provided to **** in connection solely with the **** of that **** on any of the ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top">Any and all types of **** or **** with respect to the ****, the activity of **** and any activity in relation to that ****maintenance and availability of such ****; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(xi)</TD>
<TD ALIGN="left" VALIGN="top">Any and all types of **** types of ****corresponding to **** of the **** and the ability of such ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(xii)</TD>
<TD ALIGN="left" VALIGN="top">**** from **** in respect of ****. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Label shall have the option to **** of the applicable
**** contained in such **** in lieu of the **** terms contained in this Agreement, as Label may elect in each instance; provided, however, that (i)&nbsp;Label may accept or reject each of the **** described in the clauses of Paragraph 13(c) above
separately; and (ii)&nbsp;each **** accepted by Label **** that may be less favorable to Label than the corresponding elements or components of the corresponding individual **** contained in this Agreement, **** any individual elements or components
thereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">48 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) To the extent that **** accept any **** in any instance,
the parties shall **** the Agreement so that such **** (subject to the foregoing requirements and adjustments) **** became effective pursuant to the relevant ****, but in no event earlier than the Effective Date. Notwithstanding the foregoing or
anything elsewhere in this Agreement: (i)&nbsp;Label shall only get the benefit of such ****, and (ii)&nbsp;the foregoing provisions of this Paragraph 13 shall be Label&#146;s sole and exclusive remedy in connection with any breach of the
representations, warranties and covenants made in the first sentences of Paragraphs 13(a) and (b)&nbsp;above, respectively. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) **** </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Anniversary</U>&#148; shall mean each anniversary of the Effective Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Content Revenue Pool</U>&#148; shall mean, in connection with licensed rights equivalent to those under this Agreement, the aggregate
amount of all label content royalties **** payable or credited to Label, Orchard and all **** in connection with the Services for the prior ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">**** shall mean the product of {the ****, as determined on a country by country and monthly basis, in respect of each (without overlap)<B>
</B>of **** offered as a **** in such country, and **** the combined **** multiplied by a **** of which will be the total number of **** of **** during the applicable **** on the applicable **** in the applicable **** of which will be the aggregate
of total number of all **** on the applicable **** during such **** in the applicable ****. Any portion of the ****which is not clearly associated with any particular **** shall be allocated using a fair and reasonable methodology. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">**** shall mean **** following the Effective Date, (ii)&nbsp;each subsequent **** during the Term since the **** in the case of an early
termination of the Term, the period since the previous ****. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">If the Wholesale Fees payable **** are less than **** in the applicable
country for the same month ****, the difference shall be known as a ****and if ****in the applicable **** in respect of the applicable **** and in respect of the applicable **** are more than the **** for the same **** on such **** the difference
shall be known as a **** Company shall **** and **** to Label the aggregate of all **** in respect of all **** of the **** the aggregate of all **** in respect of all **** in all **** of the **** (the ****), within **** of each **** The
determination and calculation of whether there is a **** for any **** as the case may be, is sometimes referred to herein as a &#147;<U>****</U>.&#148; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) Label shall have the right (i)&nbsp;not more than **** during the Term, upon not less than **** notice, to reasonably request that
****determine whether **** with any ****and/or whether **** is in compliance with its obligations under paragraphs **** and **** in respect of each of **** to the extent applicable, **** upon not less than **** notice, to reasonably request that
**** determines whether the relevant ****has been ****. For the avoidance of doubt, any such **** shall constitute Confidential Information for all purposes under this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) **** shall produce **** setting out **** as to whether **** but without disclosing detailed information about the **** and/or
(y)&nbsp;whether each previous ****has been **** as applicable. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) At the request of the **** shall provide all ****and any reasonable
**** (including, without limitation****) to allow the **** determine whether **** and/or whether any previous ****has been performed **** shall be required to give **** undertakings **** under which the **** shall be required to keep ****including
details of the **** and the **** of the relevant **** (to the extent not already known by ****. In particular, the **** shall not: **** any **** provided by **** any **** provided by ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) If the **** reasonably **** that **** has **** then upon the **** to the date on which the **** to the extent necessary and for **** that
there is no ****. Provided that the **** to any part of **** lead to an **** in total **** incurred **** in respect of ****. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) If the
**** reasonably **** that **** has not **** previous **** correctly, then to the extent that a **** Company shall **** for such **** within **** of the ****. In the event that Company **** about a **** shall escalate the issue to their respective
senior management in accordance with Paragraph 5(a), which shall engage in good faith in order to resolve the situation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">49 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) In the event that Company agrees to any provision in any
third-party agreement that would have the effect of permitting such third party (each, a &#147;<U>Third Party</U>&#148;) to compare any of the terms of this Agreement with any terms in such third-party agreement, Company agrees that, in connection
with such a comparison, Company (i)&nbsp;will only permit such Third Party to review the terms of this Agreement by means of an independent third-party auditor that agrees to maintain the confidentiality of all terms of this Agreement in a manner
consistent with the confidentiality provisions of this Agreement, and (ii)&nbsp;will not disclose to such Third Party or to such third-party auditor the identity of Label as a party to this Agreement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>14. <U>Marketing and Promotional Support:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) During the Term, Company shall make available to Label marketing and promotional support, as outlined in Exhibit K hereto. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>15. <U>Additional reporting and data sharing:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Analytics API</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Throughout the Term, Company shall provide both Label and Orchard with access to reporting analytics APIs meeting the specification referenced in Part III of Exhibit B (as updated from time to time by the Parties), but
for the avoidance of doubt including the minimum fields also set out in Part III of Exhibit B (the &#147;<U>Analytics APIs</U>&#148;), such that Label and Orchard will be able to use the same to generate report files including data for each day for
any particular country in the Territory. Specifically, Company shall use its commercially reasonable efforts to ensure that, **** during the Term, Label is able to make a call to the Analytics APIs to obtain a file containing full data concerning
access to Authorized Recordings<B> </B>via the Services during (i)&nbsp;the immediately preceding full calendar day in any country in the Territory; and/or (ii)&nbsp;any of the****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Company shall continue to provide Label throughout the Term with up to date technical instructions on ****, correct as at the time such query runs, on the specific parts of the **** (i) in which each of the Services is
live; and (ii)&nbsp;for which full data is available concerning access to Authorized Recordings via the Services. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Company&#146;s reporting personnel shall keep Label&#146;s reporting personnel **** concerning (i) **** of the **** and the **** of the data available therefrom, including ****; (ii) ****; and (iii)&nbsp;expected new
**** for which data will become available on particular dates. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Company shall use its commercially reasonable efforts to ensure that such access to the **** will be provided with **** as measured over each separate **** but excluding **** which has been notified to Label at least
**** hours beforehand. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">The provision of the data sets referenced in Part III of Exhibit B is subject to the following: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company&#146;s obligation to provide postcode/ZIP code information is limited to the following and Company&#146;s obligation to provide such information is limited to the extent that Company has such information (from
information supplied by the End User on registration or from the user&#146;s billing address and verified by geo IP information reviewed on a semi-annual basis): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="18%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the first 3 digits in the United States of America; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="18%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the first 2 digits in the countries in which the Service has been launched as at the Effective Date; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">On a **** (unless it is technically not possible using commercially reasonable efforts to match the **** to an ****) Company shall provide either **** (county) or ****&#148;). The foregoing shall be subject to
applicable data protection laws; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">50 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Company&#146;s obligation to provide the zip code data is subject to Label undertaking not to use the hashed User IDs or any other data provided in the daily feed to attempt to identify an End User; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">If the **** in any month then, on request of Label, Company will implement a solution in good faith within a reasonable period of time to bring the **** which may include providing additional categories of ****; and
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">Company shall have a right to temporarily **** by daily feeds to the extent and for such period that such sharing of data as set out is challenged or prohibited by a regulator or court. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>****</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Company shall provide access for Label and Orchard to an **** during the Term ****, including **** concerning the use of Authorized Materials on the Services. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Additional Reports/Metrics</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Company shall additionally provide to Label, on a **** basis, the reports and/or categories of information set out in part (IV)&nbsp;of Exhibit B. With respect to providing information regarding ****, Label acknowledges
that the **** and may not be accurate. In addition, the provision of the information set out in Exhibit B is always subject to Company&#146;s compliance with applicable privacy laws and Company&#146;s confidentiality obligations, and Label
acknowledges therefore that certain information may be provided on an anonymized, aggregate basis. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">On an <FONT STYLE="white-space:nowrap">ad-hoc</FONT> basis at Label&#146;s request, Company shall provide a snapshot report with **** by **** and ****. Label acknowledges that any such report will be indicative only, is
subject to change and may not be relied upon for financial purposes. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">To the extent not covered by any of the reports set out in part (IV)&nbsp;of Exhibit B, Company shall also provide to Label regular <FONT STYLE="white-space:nowrap">non-financial</FONT> metrics on **** (including but
not limited to ****). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Each month, Company shall provide to Label (i)&nbsp;details of the **** by **** in the previous ****, with **** streamed; and (ii)&nbsp;on an ad hoc basis, **** data about consumption of tracks **** (including, by way
of example, the data in report named &#145;****). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"><U>Additional **** reporting</U>: </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Company shall also provide to Label a **** report
containing the following data: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">aggregate amount of **** and the aggregate amount of ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Subscribers **** in accordance with Exhibit K; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">the number of registered **** and the number of **** on each **** in each **** in the applicable ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">upon request from Label, data, information and analysis with respect to each **** by Company in collaboration with Label with respect to Authorized Recordings including without limitation ****; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">details of **** on a **** and **** basis; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">a report detailing **** for all **** offered by Company in the preceding ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">a report detailing **** of total streams or plays on the **** playlists and all ****; and </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">51 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">a report detailing **** in the following &#147;****&#148; (i.e., ****): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">9</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">10</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top">a report detailing the top **** in each country for the prior month; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top">**** and the following consumption buckets: </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>End User type</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Consumption&nbsp;bucket</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ad Supported Service</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ad Supported Service</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">3</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ad Supported Service</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">4</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ad Supported Service</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ad Supported Service</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">6</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ad Supported Service</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">All&nbsp;other&nbsp;users</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>End User type</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Consumption&nbsp;bucket</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subscription Services</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">2</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subscription Services</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">3</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subscription Services</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">4</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subscription Services</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">5</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subscription Services</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">6</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Subscription Services</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">All&nbsp;other&nbsp;users</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"><U>Additional **** reporting</U>: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company shall provide daily reports to Label on a **** basis that include on a **** in respect of Authorized Recordings, ****. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><U>****</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">52 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <U>End User
<FONT STYLE="white-space:nowrap">Opt-In</FONT></U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">To the extent compliant with local law and regulation, Company shall use commercially reasonable efforts to secure a data protection <FONT STYLE="white-space:nowrap">opt-in</FONT> from end users, wherever appropriate
within the Services but at a minimum during the user registration process, which <FONT STYLE="white-space:nowrap">opt-in</FONT> shall be crafted by Company so as to constitute informed consent by those end users for Company to share their contact
details paired with Service usage data (&#147;<U><FONT STYLE="white-space:nowrap">Opt-In</FONT> Data</U>&#148;) with Label with a view to such end users receiving direct communications from Label. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Company shall **** during the Term make **** to Label via ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Company acknowledges and agrees that <FONT STYLE="white-space:nowrap">Opt-In</FONT> Data shall be ****, and that Label shall be entitled to **** (acting always within the scope of the data usage consent provided by the
relevant end users, the confines of this Agreement and applicable local laws and regulations), ****. Notwithstanding the foregoing, Label agrees to include an &#147;unsubscribe&#148; option with every email, SMS or other electronic communication
sent to end users. Without limiting any other applicable provision of this Agreement, Label shall not use Company&#146;s name in connection with the exploitation of <FONT STYLE="white-space:nowrap">Opt-In</FONT> Data in any manner that would imply
an endorsement by company of such exploitation. </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>16. <U>Operational improvements</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Company will use commercially reasonable efforts to develop, test, and implement support that will increase the **** and/or, more
generally, **** to appear in the Services. The ability of Label to benefit from these changes will depend on Label&#146;s compliance with Company&#146;s delivery standards, as set forth herein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">53 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>PART I </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">**** </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">54 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>PART II </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Financial Statement format and minimum required fields </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>**** </I></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>PART III </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Analytics API specification and minimum required fields, with respect to all Royalty Bearing Plays of Authorized Recordings. Label acknowledges that Company
will require a reasonable amount of time to begin to implement the reports set forth below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following fields are given in the streams data: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Field</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Example</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following data shall be provided in the data field: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Field</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Example</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">55 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">56 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">57 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>**** </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Field</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Example</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">58 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>**** </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Field</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Example</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">59 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="25%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">60 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>PART IV </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Additional Reports/Metrics </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the Term,
Company shall provide to Label each of the reports set out in this part of Exhibit B at the frequencies indicated and containing the minimum fields/summaries contained in the sample reports incorporated by reference. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT C </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Content Usage Rules </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>PREMIUM SUBSCRIPTION </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Each Subscriber with a Premium Subscription shall be entitled to store and play back Cached Downloads in an online and offline environment on up to **** Approved Devices registered to his/her User Profile at any given
time. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Such Subscribers shall be permitted to commission and <FONT STYLE="white-space:nowrap">de-commission</FONT> different Approved Devices registered to their User Profile for use with Cached Downloads during the duration
of their Premium Subscription, provided always that the aforementioned device limits per User Profile are enforced by Company via technical or other means. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FAMILY PREMIUM SUBSCRIPTION </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">The Master Subscriber and each Family Member added to the corresponding Family Premium Subscription shall be subject to the terms applicable to the Premium Subscription set out in clause 1 above. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">No Subscriber shall be entitled to access Authorized Materials as a Family Member of more than **** Family Premium Subscription in any given **** period. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Each Master Subscriber and Family Member shall be permitted to commission and <FONT STYLE="white-space:nowrap">de-commission</FONT> different Approved Devices registered to each User Profile for use with Cached
Downloads during the duration of the Family Premium Subscription, provided always that the aforementioned device limits per User Profile are enforced by Company via technical or other means. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">61 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>OFFLINE GRACE PERIODS </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">During each Subscriber&#146;s Premium Subscription, Free Trial, Growth Offer, student subscription or access to the Family Premium Subscription as a Master Subscriber or Family Member, Cached Downloads on any associated
Approved Device shall remain playable **** for a maximum period of **** after the end of the then currently paid up subscription period (such **** period, an &#147;<U>****</U>&#148;), and thereafter shall only become playable again after the
relevant Approved Device ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">At the end of the term of each Subscriber&#146;s Premium Subscription, Free Trial, Growth Offer, student subscription or period of access to the Family Premium Subscription as a Master Subscriber or Family Member,
Cached Downloads on any associated Approved Device shall remain playable ****, following which time they may only become playable again after such Subscriber renews his Premium Subscription or recommences access to the Family Premium Subscription as
a Master Subscriber or Family Member, as verified by the Approved Device connecting ****. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><FONT STYLE="white-space:nowrap">AD-SUPPORTED</FONT> SERVICE AND ONLINE SUBSCRIPTION </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">End Users of the Ad Supported Service and Online Subscription shall NOT be entitled to store and play back Cached Downloads on any device. ****. End Users of the **** shall be entitled to **** subject to and in
accordance with paragraph 4(b) below and the terms and conditions set out in Exhibit J. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Users of the Mobile Shuffle Service may activate (and <FONT
STYLE="white-space:nowrap">de-activate)</FONT> **** as part of an Approved Interface on Mobile Devices from time to time, and during any time when such mode is activated: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">The Approved Interface will be capable of playing back **** that were **** on the Mobile Device ****, provided that: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">Company will verify that Mobile Devices remain online and connected to Distribution Servers in accordance with the Technical and Security Specifications upon commencement of the first Stream of a recording in any given
session and then **** provided that if the first such **** fails, the End User will continue to have access to the Mobile Shuffle Service until the conclusion of the following **** (unless such **** is successful, in which case the End User will
continue to have access to the Mobile Shuffle Service until such time as the **** set forth in this subparagraph fails); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">End Users have **** is engaged, or ****, such content being algorithmically <FONT STYLE="white-space:nowrap">pre-cached</FONT> while the End User is connected to Distribution Servers when not in **** </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">**** content may include, by way of example, an End User&#146;s ****, and/or ****, and provided always that playback and interactivity of Cached Streams shall always comply with the terms and conditions set out in
Exhibit J. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">All content that was not **** prior to entering the **** will be prevented from being Streamed and/or transferred to the device as a ****. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>CONCURRENT STREAMS </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Subject always to <FONT STYLE="white-space:nowrap">sub-clause</FONT> 1(a) above in relation to playback of Cached Downloads in an offline environment, no more than **** per User Profile (whether in the context of the <FONT
STYLE="white-space:nowrap">Ad-Supported</FONT> Service or a Subscription Service) shall be capable of **** (including Cached Streams and other locally cached content not designated for offline playback) but excluding any Local Files, via the
relevant Service at any single point in time. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">62 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding <FONT STYLE="white-space:nowrap">sub-clause</FONT> 3(a) above, (i)&nbsp;Subscribers with a valid subsisting Premium Subscription or Family Premium Subscription (or Family Members thereof) shall be
entitled to play back ****, and (ii) **** applications utilizing a Company API/SDK shall be entitled to ****. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">63 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT D </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TECHNICAL AND SECURITY SPECIFICATIONS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>**** </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">64 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT E </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Company&#146;s Ad Unit Types As Of The Effective Date </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Found at https://spotifyforbrands.com/us/formats/<I> </I>as Company may update from time to time, or at such other location as Company may direct. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">65 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT F </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Service Providers </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">See Table 2 on
pages 5 and 6 of Technical and Security Specifications </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">66 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT G </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Company&#146;s Advertising Guidelines </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Available at: </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">https://www.spotify.com/us/brands/legal/advertiser-terms-and-conditions/#s3</FONT></FONT> </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">67 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT H </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Minimum Wholesale Pricing </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Launched Countries </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:50.90pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Country Name</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Currency</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>****</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>****</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Andorra</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Argentina</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">ARS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Australia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">AUD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Austria</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Belgium</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Bolivia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Brazil</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">BRL</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Bulgaria</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Canada</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">CAD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chile</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">CLP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Colombia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">COP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Costa Rica</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Cyprus</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Czech Republic</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Denmark</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">DKK</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dominican Republic</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ecuador</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">El Salvador</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Estonia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Finland</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">France</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Germany</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Greece</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Guatemala</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Honduras</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Hong Kong</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">HKD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Hungary</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Iceland</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Indonesia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">IDR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Ireland</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Italy</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Latvia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Liechtenstein</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">CHF</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">68 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Lithuania</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Luxembourg</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Malaysia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">MYR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Malta</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Mexico</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">MXN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Monaco</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Netherlands</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">New Zealand</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">NZD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Nicaragua</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Norway</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">NOK</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Panama</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Paraguay</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Peru</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">PEN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Philippines</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">PHP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Poland</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">PLN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Portugal</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Singapore</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">SGD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Slovakia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Spain</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sweden</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">SEK</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Switzerland</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">CHF</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Taiwan</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">TWD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Turkey</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">TRY</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">United Kingdom</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">GBP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">United States</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Uruguay</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="7"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="7" ALIGN="center"><U>Unlaunched Countries</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.90pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Country</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Currency</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>****</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>****</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Myanmar</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Kenya</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Croatia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Slovenia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">EUR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Cuba</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Jamaica</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">USD</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Romania</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RON</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Israel</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">ILS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">69 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">United Arab Emirates</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">AED</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">South Africa</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">ZAR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">India</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">INR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Thailand</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">THB</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Russia</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">RUB</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">South Korea</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">KRW</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Vietnam</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">VND</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">****</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">70 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT I </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Content Preparation And Delivery Specifications </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">**** </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">71 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT J </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Service Description For Mobile Shuffle Service </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>A)</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>LIMITED **** / ****</U> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Subject to the remainder of this section A, End Users will not be entitled to access any recordings on an On Demand basis. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">With respect to any ****, End Users will be entitled to (i) ****; and (ii) ****, and/or (iii) **** within such ****. For the avoidance of doubt, and subject to the foregoing, End Users will be entitled to play an ****.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Without limiting anything in this Agreement, Company agrees to share with Label, ****, including without limitation at ****, such that ****, the Parties shall discuss in good faith the ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An End User may play an unlimited number of different **** on an On Demand basis, provided that: (i)&nbsp;each such track can only be played **** in any **** hour period; (ii)&nbsp;the second time such End User tries to
play an already played Third Party Solicited track on an On Demand basis within the **** time period, such End User will be presented with recordings that are not On Demand; (iii)&nbsp;an On Demand play is possible only for ****, not albums or
playlists; (iv)&nbsp;it shall not be possible to play a **** track which is not, at such point in time, available on the <FONT STYLE="white-space:nowrap">Ad-Supported</FONT> Service (for example, because the Album from which such track comes is, at
such point in time, subject to a ****); and (v)&nbsp;in all cases this does not cause the End User to break any of the Programming/Interactivity Rules. Additionally, **** track links will not expire, except in the case of removal of the applicable
content. No earlier than **** after the launch of the On Demand functionality ****, at ****, the Parties will **** without additional **** (for example, ****), taking into account factors including but not limited to **** and **** to Subscription
Services. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** track functionality will be limited to the following platforms: ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything to the contrary contained herein,**** </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>B)</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>STATIONS</U> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Other than in connection with Enhanced Playlists, an End User will only be able to initiate playback by creating a station from any element in the Spotify service (such as a playlist, artist, End User&#146;s listening
history, album or track) or by selecting a <FONT STYLE="white-space:nowrap">pre-defined</FONT> genre or time period. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Stations may also be seeded by one or multiple visible listed tracks (such as from a playlist, End User&#146;s listening history, artist or album), and such stations can include any or all of those listed tracks,
provided the station obeys the Programming/Interactivity Rules. If necessary, extra tracks will be generated algorithmically. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>C)</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>PROGRAMMING/INTERACTIVITY RULES</U> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Measured across all stations, but excluding recordings played as part of ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An End User will not hear more than **** consecutive songs from a given ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An End User will not hear more than **** songs from a given **** in a **** minute period; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An End User will only be able to skip forwards **** times per **** minute period (a change of station not to count as a skip); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An End User will not hear the same **** in a given **** minute period; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An End User will not be able to skip backwards. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The station may display upcoming tracks or artists that will appear on the station at some point in the next **** minutes, but a user will not be told what ****. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">72 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Spotify shall not offer or promote availability of **** stations in such a way as to imply any endorsement of its service by the relevant **** unless it has otherwise cleared rights directly with such artist.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Spotify will use reasonable technical efforts to ensure that the above programming rules are not undermined by the existence of multiple, materially identical versions of the same album in its library of content (for
example, by treating an album and a subsequent <FONT STYLE="white-space:nowrap">re-release</FONT> of the same album as the same album). </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>D)</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>BUFFERING</U> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In connection with the Ad Supported Tier, during any period of time that an End User&#146;s Mobile Device has no connection to Distribution Servers or is otherwise offline, to the extent that sufficient recordings have
been buffered or otherwise <FONT STYLE="white-space:nowrap">pre-cached,</FONT> relevant Approved Interfaces shall permit ongoing playback of a maximum of (i)&nbsp;the remainder of the currently Streaming recording; followed by (ii)&nbsp;the first
**** of the next programmed recording, provided always that such restriction shall not apply in the case of **** which requires connection to Distribution Servers as set forth herein. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>E)</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>****</U> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding anything to the contrary contained herein, the functionality of the Mobile Shuffle Service offered via **** shall differ from the **** sections of ****: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">**** will be offered; no playback of ****. For the avoidance of doubt, End Users will be able to play **** solely in ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">**** of any track will be ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">**** functionality may be ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">**** will be ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">An End User will not have the ability to **** created or saved by such **** that Company may launch an algorithmically generated radio channel using tracks that are similar to an End User&#146;s playlist of sound
recordings, albums, tracks or listening history. An End User may seed a station from a specified track, album or artist and Company shall generate a station algorithmically based on content similar to such seeded track, album or artist but may not
start the station with such specified track or album. For requested artists, the station may begin with a track from an artist if that track has not been specifically requested. Each time an End User seeds a station from a specified track or album,
a new channel will be algorithmically generated. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">End Users will have the ability to search for a specific sound recording for purposes of launching a channel provided that the **** session (if at all) and no earlier than the **** from the start of the **** and is not
played at a time that can be ****; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">Company to ensure that all **** of track.<B> </B> </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">73 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT K </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">GENERAL MARKETING AND PROMOTIONAL SUPPORT </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PART A </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>ALL SERVICES</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Company agrees to ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding <FONT STYLE="white-space:nowrap">sub-clause</FONT> 1(a), Company agrees that (i) **** (ii) the scope of the Marketing and
Promotional Support includes all forms of marketing and promotion being generally made available to other content providers; (iii)&nbsp;throughout the Term, Company **** in connection with all Marketing and Promotional Support opportunities; and
(iv) ****, subject to retaining ultimate editorial discretion in each instance. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Every ****, for the purposes of monitoring compliance
with this clause 1, Company and Label shall **** as compared to **** offered to ****, with a view to **** going forwards. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U><FONT STYLE="white-space:nowrap">AD-SUPPORTED</FONT> SERVICE</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>****</U>.
During ****, Label shall receive a **** equal to **** for use throughout the Territory. During ****, Label shall receive a **** equal to **** for use throughout the Territory. ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>****</U>. At the start of each of Contract Period, ****, including the amounts allocated to each quarter period, to particular countries
and to types of inventory, subject to availability, and provided that **** if such allocation manifestly undermines the purpose of the allocation process, which is to strike a reasonable balance between Label&#146;s need to maximize the value of its
**** for the purposes of promoting awareness of and access to its repertoire in a reasonably effective and proportionate manner (with particular emphasis on the size of each market), and Company&#146;s need to manage the demands of all parties
purchasing inventory fairly and also to maximize monetization of the Ad Supported Service. Company shall give meaningful consideration to all of Label&#146;s requests relating to allocation of ****, and shall not dictate to Label how **** must be
spent. Half way through each **** the Parties shall again, if required by either Party, engage in ****) in connection with **** during the remainder of the applicable twelve month period, provided that Company shall not be entitled to****. In the
event that Label is unable to secure allocation of its **** in a way that it deems reasonable, Label shall be entitled to ****pursuant to Paragraph 5(a) of Exhibit A. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Usage; Ratecard</U>. Subject to the allocation agreed by the Parties from time to time, Label shall be entitled to utilize the ****
during each **** of the Term to **** on the Ad Supported Service. Label shall be entitled to purchase inventory at Company&#146;s **** rate card, being the ****, allowing **** to purchase **** from Company at such rates, excluding any amounts
included therein by or on behalf of Company in respect of advertising sales commissions (the &#147;<U>Global Agency Rate Card</U>&#148;). Company warrants and represents that during the Term ****, as updated and applied to Label from time to time.
No less frequently than on a ****, Company shall communicate to Label the Global Agency Rate Card as applicable to Label. Label shall not disclose the Global Agency Rate Card to any Person other than its Affiliates. Label is subject to adherence to
the same guidelines as other third-party advertisers, being those guidelines referenced in Exhibit G. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>**** purchased with ****</U>.
In connection with Label&#146;s purchase of inventory, subject always to a reasonable limit on the number of options and available inventory, with ad credit, Label shall be entitled to apply **** in connection with ****. For premium market rates,
Label shall be entitled to the following **** available in the ****, which as of the Effective Date include, but are not limited to: ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>****</U>. At all times during the Term, Company shall make available to Label all **** then made available for insertion (for the
avoidance of doubt, Company&#146;s **** as of the Effective Date are attached hereto as Exhibit E), and, as between Company and Label, Label shall have sole discretion over the creative elements (subject to
<FONT STYLE="white-space:nowrap">sub-paragraph</FONT> (h)&nbsp;below) of **** that Label requests to be inserted using **** hereunder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">74 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>**** on Ad Supported Service</U>. Label shall be
entitled to redeem credit for at least **** <FONT STYLE="white-space:nowrap">so-called</FONT> &#145;**** on the Ad Supported Service (&#147;<U>****</U>&#148;) ****. Company shall give Label the opportunity to purchase additional **** in the event
that it has more availability in a given month and territory than initially forecasted. For the avoidance of doubt, any **** on the Ad Supported Service acquired by Label for cash consideration shall not count towards the monthly limit of **** set
in this <FONT STYLE="white-space:nowrap">sub-paragraph.</FONT> Company shall use commercially reasonable efforts to ensure that each **** has a duration of at least ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) <U>****</U>. Company shall additionally offer to Label **** of the Territory in **** of the Term a share of **** on the Services equal to
the greater of (i) **** of available ****; and (ii) **** multiplied by ****. As used in this <FONT STYLE="white-space:nowrap">sub-paragraph,</FONT> **** means a fraction, to be calculated by the parties every **** and where the numerator of which is
the number of **** across all Services in all parts of the Territory in the previous ****, and the denominator of which is the number of **** during the previous ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) <U>Advertising Guidelines</U>. Label acknowledges that its purchase of inventory shall be subject to Company&#146;s advertising guidelines
which are (i)&nbsp;provided to Label electronically or in writing in advance (as such advertising guidelines may be changed from <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-to-time</FONT></FONT> during the Term, which
changes, to be effective, shall be delivered to Label in writing (email sufficing) delivered not less than **** in advance in each instance), and (ii)&nbsp;applied to other content partners even handedly and on a
<FONT STYLE="white-space:nowrap">non-discriminatory</FONT> basis. For the avoidance of doubt, Company&#146;s advertising guidelines in effect as of the Effective Date are attached hereto as Exhibit G; provided, however, that if Label delivers any
advertising for insertion in contravention of such advertising guidelines then in effect, without prejudice to Company&#146;s other rights and remedies under this Agreement or the terms of any insertion order Company may reject (and not insert) the
advertising concerned, and such advertising, if so rejected, shall not count in reduction of Label&#146;s allocation of credit for the period concerned. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) <U>General</U>. For the avoidance of doubt, Label&#146;s bookings (utilizing **** or otherwise) will be filled by Company on a reasonably
timely basis consistent with Company&#146;s then-current ad insertion policies, procedures and practices for insertions by content providers. Company shall not **** Label in connection with the level of ****, as compared to the level of service
Company provides to ****, using **** or cash, as applicable, to purchase inventory. Once booked, Company shall not be entitled to cancel Label&#146;s orders for particular inventory with less than **** notice of the planned <FONT
STYLE="white-space:nowrap">go-live</FONT> date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) <U>Black-Outs</U>. Company and Label shall agree in good faith as soon as reasonably
possible following the Effective Date any and all <FONT STYLE="white-space:nowrap">black-out</FONT> dates for each country applicable to booking inventory with ****, however it is agreed that such dates include the period between Thanksgiving and
Christmas Day in the United States, a reasonable period around Christmas in the European Union, Australia and New Zealand and a reasonable period surrounding Chinese New Year in China, Singapore, Malaysia, Taiwan and Hong Kong. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) <U>Asset delivery</U>. Company agrees that Label may send campaign assets as late as **** prior to live date for any particular inventory.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l) <U>Notification of inventory</U>. Company shall provide Label with reasonable, good-faith estimates of the quantities and types of
advertising inventory (including, without limitation, with respect to the positioning, duration, size, format, configuration, and the number of available impressions) that are available for all markets in each calendar month, to be provided wherever
possible no later than **** prior to the start of the relevant calendar month. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(m) <U>Carry-Forward</U>. In the event that Label does not
utilize one hundred percent (100%) of its **** for ****, Label shall be entitled to **** solely into the immediately following **** only a maximum of **** of such ****. Company shall in no way be obligated to: (i) ****; or (ii) **** Label for ****.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(n) <U>Content. </U>Label shall utilize inventory acquired with ****, share of **** or Purchased Inventory (as defined below) solely for
marketing and promoting Authorized Recordings and Label Artists on the Services. Label may not advertise or use any **** to promote or advertise any Similar Authorized Services or the products or services of any third parties. Ads purchased using
the **** must be mutually beneficial and shall thereby promote content available on the Services, include Spotify branding (i.e., Spotify logo) and only link to the Services or Spotify hosted websites; provided, however, on a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis, to be approved by Company, such ads may link outside the Services and/or Spotify hosted websites, provided that such other websites are mutually beneficial
and link back to the Service. Without limiting the foregoing, Company agrees that**** to the Service. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">75 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(o) Intentionally omitted. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(p) <U>Purchased Inventory</U>. Label shall also be entitled to purchase from Company additional advertising inventory (the &#147;<U>Purchased
Inventory</U>&#148;) **** during the Term. For the avoidance of doubt, Purchased Inventory shall have the same attributes as other commercial inventory sold by Company and/or its agents for consideration to third party advertisers. For the avoidance
of doubt, when Label purchases additional advertising impressions through Label&#146;s advertising agency, **** (it being acknowledged that Company is not able to control rates offered by such agency to Label), not at the **** available through
****. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(q) <U>****</U>. Within **** of the Effective Date, Company commits in good faith to enable Label to identify if an End User (i)
****; and (ii) ****, and to provide mutually agreed information (****) at regular intervals via API or other report format in respect of such End User and its subsequent behavior. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>SUBSCRIPTION SERVICES</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) In respect of each country in each calendar month,
Label shall be entitled to receive at least **** <FONT STYLE="white-space:nowrap">so-called</FONT> **** on the Subscription Services (&#147;<U>****</U>&#148;), with no right to carry forward any unused **** into subsequent calendar months. Company
shall use commercially reasonable efforts to ensure that each **** and will be available on Static Devices. In the event that Company launches within the Subscription Services any other form of electronic real estate within Approved Interfaces on
Static Devices or Mobile Devices which it makes available to any content providers or other third parties, ****. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Company and Label
shall agree in good faith mutually acceptable, even-handed and <FONT STYLE="white-space:nowrap">non-discriminatory</FONT> usage/booking rules for ****. Where Label attempts to book a **** but is refused due to a third party having booked the
relevant day, if such third party subsequently cancels, Company shall use its best efforts to give Label the opportunity again. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)
Company shall provide from time to time at Label&#146;s request **** or other features such as promoted tracks. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PART B </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition to its obligations above, Company agrees to extend to Label **** in connection with the Services and End Users thereof, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Company agrees to upload **** (which **** will be based on **** as reasonably agreed by the Parties) in respect of **** and to conduct, in accordance with paragraph (b)&nbsp;below, **** for content selected by Label in
its discretion. For the avoidance of doubt, all data to be used in connection with **** as applicable, and will not be shared directly with Label. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">**** shall enable no less than **** in accordance with the following specifications: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">**** will run for a minimum ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">**** must be used for ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">**** with at least ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Label acknowledges and agrees that the **** in connection with **** to any services or products ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">**** in a mutually agreed format for each ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">**** Company shall use commercially reasonable efforts to design a **** which will permit Label and Orchard, in conjunction with Company, **** (with reasonable frequency and territorial scope) which, whilst remaining
under ****, shall be designed by Label or Orchard (in conjunction with Company) in terms of defining ****. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">76 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">During the Term, the Parties shall also work together in good faith to investigate whether there is a solution that is fully compliant with data privacy laws and third party contractual restrictions and Company policies
in connection with the foregoing which allows Company to make available to Label certain End User data for the purpose of ****, provided always that **** are only used to direct End Users back to the Service. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. Company shall, no later than **** from the Effective Date and thereafter on a quarterly basis until the end of the Term, **** with ****
provided by Label for the purpose of **** on the Service. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. As soon as reasonably practicable following signature of this Agreement (and
no later than **** following such signature) Company shall allow Label to **** on the Service **** Streamed Authorized Recordings from ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. Company shall conduct regular email campaigns (with creative provided by Label) targeted at End Users who have streamed Authorized
Recordings **** in a previous defined period (determined by Label and Company in good faith) for the purpose of more refined email targeting. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. Company to provide Label with access to Company&#146;s **** allowing for the ****, in select territories where such **** is available, by no
later than ****. Without limiting the foregoing, Company will additionally provide Label with **** <FONT STYLE="white-space:nowrap">log-ins</FONT> to **** the **** as part of the ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. Company agrees to provide Label access to beta testing for the **** feature, to the extent it is available. Without limiting the foregoing,
to the extent **** becomes a permanent product, Company agrees that Label will have the ability to purchase such promotional vehicle, and will receive an appropriate allocation to purchase ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7. <U>****</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Company will
make available **** of ****), in the aggregate over the course ****, to be used by the Parties to fund both (i)&nbsp;the ****, such as, but not limited to **** (excluding, for the avoidance of doubt, <FONT STYLE="white-space:nowrap">so-called</FONT>
&#147;live session&#148; or &#147;Spotify Singles&#148; recordings created pursuant to <FONT STYLE="white-space:nowrap">so-called</FONT> &#145;Sessions Agreements&#146; conforming to the template separately agreed by the Parties from time to time
during the Term), which such content shall be professionally produced and directed by experienced (or recognized) professionals and adhere to production quality and standards commonly seen at other premium SVOD platforms **** and/or (ii) ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) From time to time during the Term, Label and Company shall be entitled to propose in writing (including by way of email) to the other
Party&#146;s designated representative for the purposes of the ****, in each case providing sufficient detail to allow the other party to understand the scope and nature of such ****. In the event that an **** by Company is approved by Label, Label
agrees to facilitate clearances of all intellectual property owned and/or controlled by Label incorporated in the item of **** concerned. For the avoidance of doubt, the Parties acknowledge and agree that either party shall exercise the approval
right set forth in this paragraph in good faith. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) ****. Notwithstanding anything to the contrary contained herein, including without
limitation paragraph 13 or Exhibit K, Company shall **** (****) with respect to the **** thereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) To the extent that the OC Fund is
used in connection with subsection 7(a)(i) above, and the related OC Fund Content is delivered as an Authorized Recording for use on the Services, then ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Intentionally omitted<B>. </B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Unless otherwise agreed in writing by the Parties on a
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">case-by-case</FONT></FONT> basis, for the purposes of the copyright laws of the United States of America, the portion of each item of Company-produced **** comprising the audio or
audiovisual recording (as applicable) of the musical performance of a Label Artist (the &#147;<U>Performance Recording</U>&#148;) shall be a &#147;work made for hire&#148; (within the meaning of the U.S. Copyright Act) for Label and Label shall be
considered, forever and for all purposes throughout the universe, the author thereof, the sole copyright owner thereof, and the owner of all rights therein (including, without limitation, all intellectual property rights) and all other ownership and
exploitation rights now or hereafter recognized in any territory, except for any rights in and to any underlying works (including, without limitation, any musical composition or dramatic, literary or other work, irrespective of length, including all
lyrics, spoken words and bridging passages. To the extent any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">77 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Performance Recording is determined not to be a work made for hire for Label,
Company shall irrevocably assign to Label with full title guarantee the entire copyright (whether contingent or future) and all right of action and all other rights of whatever nature in and to the Performance Recording, except for any rights in and
to any underlying works (including, without limitation, any musical composition or dramatic, literary or other work, irrespective of length, including all lyrics, spoken words and bridging passages), to hold the same to Label its successor and
assigns absolutely and unconditionally throughout the Territory for the full period of such rights together with any and all revivals renewals and extensions thereof and thereafter in so far as possible in perpetuity. As between Label and the
Company, Label **** determine from time to time, subject to the rights granted by Label to Company in respect of Performance Recordings set forth herein and any other terms agreed by the Parties. Label shall grant Company a royalty-free license to
exploit Performance Recordings solely as part of the applicable Company-produced **** within the Services throughout the **** together with a right to use up to thirty (30)&nbsp;second excerpts of Performance Recordings outside of the Services as
part of any marketing and promotion of the applicable Company-produced ****. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) For the avoidance of doubt, to the extent that Company
elects to license from Label the right to distribute via the Services in any part of the Territory any original content produced by Label which is entirely financed by Label and/or third parties, ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) It is acknowledged and agreed that Company&#146;s marketing and promotion of **** shall not be counted or otherwise considered when
evaluating ****. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Company agrees that to the extent that Company engages in the recording, production and/or creation, as applicable,
of original content relating to artists and recordings connected with third party content providers, such as, but not limited to, <FONT STYLE="white-space:nowrap">so-called</FONT> &#147;live session&#148; recordings, interstitial content,
documentaries, films and interviews****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">78 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT L </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">**** </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>****</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>****</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">****</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">79 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT M </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">API/SDK Requirements </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Where Company makes
available to third party developers (&#147;<B>Developers</B>&#148;) application programming interfaces and software development kits enabling the creation of applications (including but not limited to websites, web pages, and software applications
accessible inside or outside of Approved Interfaces) and hardware integrations capable of accessing materials (including but not limited to Authorized Materials) hosted on Distribution Servers (collectively, &#147;<B>Third Party</B>
<B>Applications</B>&#148;), the Grant of Rights under this Agreement shall cover the integration of Authorized Materials into such Third Party Applications subject to, and in accordance with, the following terms and conditions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"><U>Scope of Company APIs.</U> Company shall be entitled to offer and maintain: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company APIs which are capable of providing access to metadata and artwork (including but not limited to Authorized Artwork) via Third Party Applications (collectively, the &#147;<B>Company</B> <B>Metadata
API</B>&#148;); and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Company APIs which are capable of providing access to metadata and artwork (including but not limited to Authorized Artwork) and also audio recordings (including but not limited to Authorized Recordings) via Third Party
Applications (collectively, the &#147;<B>Company Music API</B>&#148;). </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Together, the Company Metadata API and Company Music
API shall be referred to hereunder as &#147;<B>Company APIs</B>&#148;. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"><U>Access to Company APIs</U>. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company shall require all Developers wishing to utilize Company APIs to accept binding and enforceable terms of service governing access thereto and use thereof (&#147;<B>TOS</B>&#148;). Such TOS shall clearly
(x)&nbsp;require Developers to comply at all times with the provisions set out in <FONT STYLE="white-space:nowrap">sub-paragraph</FONT> (c)&nbsp;below; and (y)&nbsp;reserve for Company the right to revoke from Developers access to any Company API
for any material violation of the TOS. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Following each Developer&#146;s acceptance of the TOS, Company shall issue to the Developer a unique and confidential key to be used in connection with each Third Party Application created by that Developer intended to
access the Company Music API (each an &#147;<B>Application Key</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Company shall not grant any Developer access to a Company Music API allowing Third Party Applications to **** for the purpose of **** associated with such recordings. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"><U>Limitations on Developers</U>. As part of the TOS, Company shall require Developers to agree the following minimum restrictions: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company APIs shall not be used for, or integrated within any Third Party Application which has in whole or part the purpose of, (x)&nbsp;infringing copyright, including without limitation, stream ripping and
facilitating any other unauthorized access to intellectual property hosted on third party servers; and/or (y)&nbsp;facilitating access for users, including but not limited to End Users, to audio recordings and/or metadata hosted on Company Servers
or Distribution Servers beyond the scope and parameters authorized in this Agreement for the relevant category of user, provided that this shall not prohibit Company APIs being incorporated into third party websites or applications hosting or
otherwise incorporating user contributed materials, as long as such websites maintain and enforce a policy against uploading infringing content; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">80 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Third Party Applications shall not contain, utilize or promote any content or other materials that constitute **** and shall not offer or promote services that may be damaging to, disparaging of or otherwise detrimental
to the Services, Label, its affiliates and/or artists; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Company shall require that each Third Party Application will include Company Branding together with a **** in order to identify itself as being built using Company APIs; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">Third Party Applications shall not feature any brands or marks in a way that would imply or otherwise suggest that such brands or marks are associated in any way with, or endorsed by, Label Artists. Developers shall be
prohibited from creating Third Party Applications focusing on ****, unless they have obtained case by case approval from Label, the relevant Label Artists or affiliate of Label; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">Developers shall be prohibited from modifying or otherwise interfering with (or from allowing End Users to modify or otherwise interfere with) any Authorized Materials (save for resizing of metadata and Authorized
Artwork for technical, performance and functionality reasons), provided that this shall not prevent Developers from including functionality in a Third Party Application that modifies Authorized Materials &#145;on the fly&#146;; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">Developers shall not be permitted to aggregate data obtained via any Company API to create databases or other compilations of data, other than solely to the extent strictly necessary for the purpose of offering a Third
Party Application; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">Company shall require Developers to agree terms and conditions in connection with commercialization of Third Party Applications consistent with the provisions of <FONT STYLE="white-space:nowrap">sub-section</FONT>
(d)&nbsp;below; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">Company shall require Developers to comply with all local laws and regulations in connection with provision and operation of their Third Party Applications, including but not restricted to data privacy laws.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"><U>Commercialization of Company APIs and Third Party Applications.</U> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">To the extent that Company **** in connection with accessing Company APIs (whether in the form of cash or payment in kind), the **** for the relevant Services hereunder. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Subject always to the terms and conditions of this <FONT STYLE="white-space:nowrap">sub-section,</FONT> Developers shall be permitted to generate revenues in connection with Third Party Applications, including but not
restricted to revenues attributable to (x)&nbsp;direct income from retailing Third Party Applications (or access thereto); (y) text and/or graphic display, rich media and <FONT STYLE="white-space:nowrap">&#147;in-stream&#148;</FONT> advertising
revenues (i.e., audio, visual or audiovisual advertisements exhibited before, during or after playback of audio recordings) and/or sponsorships and promotions, and <FONT STYLE="white-space:nowrap">(z)&nbsp;e-commerce</FONT> including <FONT
STYLE="white-space:nowrap">in-app</FONT> payments and referral fees/bounties (together, &#147;<B>App Revenues</B>&#148;), provided always that: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="21%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(A)</TD>
<TD ALIGN="left" VALIGN="top">**** for the applicable Services hereunder. For the avoidance of doubt, where **** are generated in connection with a Third Party Application capable of use by End Users of more than one Service, **** of recordings
(including but not limited to Authorized Audio Recordings) by End Users of each such Service via the relevant Third Party Application; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="21%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(B)</TD>
<TD ALIGN="left" VALIGN="top">where Company ****, Company shall ****. Company shall subsequently include in its monthly reporting to Label details of **** in the preceding calendar month, together with details indicating how such ****.
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">81 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"><U>Access to Authorized Audio Recordings</U>. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company Music APIs shall provide access to Authorized Audio Recordings for any given user solely to the extent that (x)&nbsp;save for hardware integrations utilizing the SDK, each call to the Company Music API from a
Third Party Application incorporates a ****; (y) any ****; and (z)&nbsp;subject to <FONT STYLE="white-space:nowrap">sub-section</FONT> (ii)&nbsp;below, in connection with the session during which the Third Party Application makes each call to the
Company Music API, such user has been authenticated as an End User (save for Preview Clips which shall not require authentication as an End User) pursuant to submission of the credentials associated with his/her User Profile via the Third Party
Application. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding <FONT STYLE="white-space:nowrap">sub-section</FONT> (i)&nbsp;above, in the event that Company makes Third Party Applications accessible as an integral part of an Approved Interface, Company Music APIs
may additionally provide access to Authorized Materials for users authenticated as End Users. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt: (x)&nbsp;to the extent that access to Authorized Materials is enabled via Third Party Applications using Company APIs, the terms, conditions and limitations prescribed elsewhere in this
Agreement shall apply with full force and effect, including but not limited to conformity with applicable parts of the Content Usage Rules and the Functional and Security Specifications; and (y) **** using Company APIs pursuant to section **** of
this Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"><U>Monitoring of Company APIs; Enforcement of TOS</U> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Company hereby agrees that upon becoming aware of such violation or misuse it will take **** against any Developer that violates the TOS, and any Developer or End User that misuses (or threatens to misuse) any Company
API. Such action shall include, as appropriate in the circumstances, ****) or the Services and, in the case of any Third Party Application distributed by Company via app store or otherwise, **** itself (for example, including but not limited to
unauthorized Third Party Applications focusing on ****). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="17%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">In the case of the Company Metadata API, Company shall use its commercially reasonable efforts to deny calls from servers/IP addresses associated with violations of the TOS. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">82 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT N </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Fixed Foreign Exchange Rates </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Currency</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>1&nbsp;USD&nbsp;=</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Currency</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>1&nbsp;USD&nbsp;=</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">UAE Dirham</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lithuanian Lita</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Albanian Lek</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Moroccan Dirham</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Argentine Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Molodovan Leu</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Australian Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Macedonian Denar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Bosnian Mark</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Myanmar Kyat</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barbados Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mongolian Tugrik</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Bangladesh Taka</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Macau Pataca</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Bulgarian Lev</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Maldives Rufiyaa</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Bolivian Boliviano</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Mexican Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Brazilian Real</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Malaysian Ringgit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Bahamian Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Nigerian Naira</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Belize Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Nicaragua Cordoba</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Canadian Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Norwegian Krone</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Swiss Franc</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Nepalese Rupee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Chilean Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">New Zealand Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Chinese Renminbi</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Panama Balboa</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Colombian Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Peruvian Nuevo Sol</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Costa Rica Colon</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Papua New Guinea Kina</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Czech Koruna</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Philippine Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Danish Krone</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Pakistani Rupee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Dominican Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Polish Zloty</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Algerian Dinar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Paraguayan Guarani</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">European Euro</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Romanian New Leu</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fiji Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Serbian Dinar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">UK Pound&nbsp;Sterling</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Russian Rouble</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Guatemala Quetzal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Saudi Arabian Riyal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Guyana Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Solomon Islands Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hong Kong Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Swedish Krona</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Honduras Lempira</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Singapore Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Croatian Kuna</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Surinam Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">83 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Haiti Gourde</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Thai Baht</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hungarian Forint</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tonga Pa&#146;anga</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indonesian Rupiah</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Turkish Lira</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Israeli Shekel</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Trinidad&amp;Tobago Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indian Rupee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Taiwan Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Iceland Krona</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Uruguayan New Peso</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Jamaican Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vietnam Dong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Japanese Yen</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Samoa Tala</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Korean Won</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vanuatu Vatu</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Kuwaiti Dinar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">East Caribbean Dollar</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lao Kip</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">South African Rand</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sri Lanka Rupee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">****</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">****</TD>
<TD ALIGN="left" VALIGN="top">Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">84 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>8
<FILENAME>filename8.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.25</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.25 </B></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g0130065930510.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>SONY MUSIC ENTERTAINMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">25 Madison Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">New York, NY 10010
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">United States </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SPOTIFY AB </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Birger Jarlsgatan 61, </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stockholm, SE 113 56 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sweden </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;11, 2017 (&#147;<B>Amendment Effective
Date</B>&#148;) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Amendment to Digital Distribution Agreement: Student Offer </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We refer to the Digital Distribution Agreement entered into between Sony Music Entertainment (<B>&#147;</B><B><U>Label</U></B><B>&#148;</B>) and Spotify AB
(<B>&#147;</B><B><U>Company</U></B><B>&#148;</B>) with an Effective Date of April&nbsp;1, 2017 and all Exhibits attached thereto (the <B>&#147;</B><B><U>Agreement</U></B><B>&#148;</B>). All terms defined in the Agreement and used herein shall have
the same meanings as given to them in the Agreement unless otherwise defined herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Whereas, from time to time ****, Company wishes to make available to
Qualifying Individuals (as defined below) access to the Premium Subscription at a discounted retail price, Label and Company hereby agree as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"><U>Definitions</U>. As used in this Amendment: </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">**** means the period of **** commencing on the
Amendment Effective Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">**** means ****. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;<B>Approved Verification Method</B>&#148; shall mean, in connection with any particular country, a method for verifying an
individual&#146;s status as a Qualifying Individual in such country, as approved by Label in advance in writing. The methods set out in Annex 1 for each country shall be deemed approved by SME as of the Amendment Effective Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;<B>Approved Verification Partner</B>&#148; means a third party provider of verification services which is (i)&nbsp;reasonably likely
capable of confirming a person&#146;s status as a Qualifying Individual using an Approved Verification Method; and (ii)&nbsp;approved by Label in advance in writing in respect of persons ****. The third party providers set out in Schedule 1 shall be
deemed approved by SME as of the Amendment Effective Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;<B>Qualifying Individual</B>&#148; means an End User who is (i) **** one
of ****; and (ii)&nbsp;registered as studying for a bachelor degree, post-graduate degree or equivalent higher education course at a state-accredited, post-secondary educational institution (i.e. university/college) **** one of the ****. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and
filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;<B>Student Offer</B>&#148; means an offer made by Company
or a third party whereby Qualifying Individuals can benefit from a discounted retail price for access to the Premium Subscription. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"><U>Wholesale discount</U>. Subject always to the remaining terms and conditions of this Amendment: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">****, Company shall pay Label and Orchard in connection with each Qualifying Individual who is registered for the Student Offer in accordance with the Wholesale Fees set out in the Agreement, provided that ****.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Notwithstanding <FONT STYLE="white-space:nowrap">sub-section</FONT> (a)&nbsp;above: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">**** for which any **** shall apply hereunder in respect of a **** shall be ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">no wholesale discount shall apply hereunder in respect of any Qualifying Individual who subscribes to any multi-account product (e.g. family plan) made available by Company from time to time; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">where a **** is applied hereunder in connection with ****, no other **** may be applied in connection with **** under the Agreement (e.g. ****); and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">no wholesale discount shall apply hereunder where the Student Offer has been **** and (x)&nbsp;Label has not previously been notified by Company of the ****; and/or (ii)&nbsp;the Student Offer is **** Company in the
****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt, Company shall pay Label and Orchard in accordance with <FONT STYLE="white-space:nowrap">sub-section</FONT> (a)&nbsp;above regardless of whether a Qualifying Individual who purchases access to
the Student Offer, including via a third party, completes any further registration or activation steps required to use the Premium Subscription. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"><U>Verification requirements</U>. Company shall verify each End User&#146;s status as a Qualifying Individual in accordance with all of the following requirements: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">At the point an End User initially attempts to register for the Student Offer (including where an individual who is not an End User is required to become one as part of such registration process), Company shall verify
status as a Qualifying Individual utilizing an Approved Verification Partner ****. To the extent Company permits an End User who cannot be verified as a Qualifying Individual to benefit from the Student Offer, no wholesale discount shall apply to
otherwise applicable Wholesale Fees under the Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">In connection with each **** from the Student Offer, Company shall **** as a **** at least once every ****. To the extent Company permits an **** as a **** to **** from the ****, no **** to otherwise applicable ****
under the Agreement from the **** on which ****, even if **** process reveals that the **** to be a **** some time before the ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Regardless of the verification of End User&#146;s status pursuant to <FONT STYLE="white-space:nowrap">sub-sections</FONT> (a)&nbsp;and (b) above, in the event Company has actual knowledge that an End User no longer has
the status of a Qualifying Individual. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and
filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Company shall (or will procure that Approved Verification Providers shall) police all Approved Verification Methods using <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">best-in-class</FONT></FONT>
technology and methods (e.g. ****) to identify ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">Company shall secure **** in respect of each Approved Verification Partner use of Approved Verification Methods, which such **** permits Company to **** by ****. No more than **** period during the term of the
Agreement, Label will be entitled to request that Company exercise its **** with the Approved Verification Partner, provided, however, for the avoidance of doubt, Label shall have no right to select Company&#146;s ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">In the event that, notwithstanding Label&#146;s approval of any particular Approved Verification Partner and Approved Verification Methods in ****, any such Approved Verification Method used for checking eligibility is
subsequently found to be **** leading to ****, Label shall have the **** Company, which **** of the **** solely in relation to any potentially affected students in the ****, and in any case Company shall engage with the Approve Verification Provider
concerned in order to attempt to resolve the ****. In the event that such **** are not resolved to Label&#146;s satisfaction within a period of **** days from the date of Label&#146;s notice, Label shall have the right to **** until it has been
demonstrated that the ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"><U>Post-discount</U>. At the point Company withdraws the Student Offer in respect of any particular End User for any reason, including without limitation because ****, or at the point Company chooses to withdraw the
Student Offer in respect of all End Users registered for the same for any reason, Company shall, subject to local law and regulation, ensure that all such End Users continue to be subscribed to the Premium Subscription. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>. Label shall be entitled to **** provided hereunder on a **** in accordance with the following: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>. If, in respect of any of ****, at any point following a period of **** after launch of the Student Offer in ****, the **** (i.e. **** reported by Company under key ****) in that ****, as calculated on a
****, is **** to have ****, then Label and Company shall hold good faith discussions regarding the **** with a view to **** the ****. If after **** of such reasonable good faith discussions the parties cannot agree an **** the **** for that ****,
then Label shall have the **** and Company **** available to **** without further ****. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"><U>All ****</U>. In respect of any particular ****, including but not limited to ****: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">If, during the **** after launch of the Student Offer in such ****, more than **** of the **** in such **** were, in the **** prior to **** to the **** (i.e. **** reported by Company under key ****); and/or
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">If, at any time from the start of the **** after launch of the Student Offer in ****, more than **** of the **** in **** were, in the **** prior to **** to the **** (i.e. **** reported by Company under key ****); and/or
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and
filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">If, at any time, the **** to the **** more than **** of the **** to the **** (i.e. **** reported by Company under key ****) in ****, </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">then Label shall have a right, solely in respect of ****, to serve no fewer than **** notice to **** in **** (the &#147;<B>****</B>&#148;).
During the ****, the Label and Company shall discuss in good faith all relevant issues leading to **** the applicable **** set forth in (i), (ii) and/or (iii)&nbsp;above, with a view to ****. However, and for the avoidance of doubt, in the absence
of **** notice, the **** shall be **** concerned at the end of the ****. Company may thereafter **** available to subscribers to the Student Offer in that **** without further ****. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">For the avoidance of doubt, any requirement for End **** before **** to the **** does not stop such End Users being deemed to have been **** to the **** beforehand for the purpose of ****. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"><U>Reporting</U>. Company shall include reporting for Student Offers on a **** basis as a separate, dedicated line-item in monthly Financial Statements. Company shall also deliver additional ****, on a **** basis, in
the same format as provided as of the Amendment Effective Date for **** (e.g. including **** to the **** that were **** to the **** in the **** prior to **** to the ****), as well as additional reporting on **** (i.e. first report due by ****
following the Amendment Effective Date) and per **** (e.g. share of each **** for successful applications, number/share of ****, number/share of ****, number/share of **** subscribers when
<FONT STYLE="white-space:nowrap">re-verified&#151;e.g.</FONT> at the end of the <FONT STYLE="white-space:nowrap">****-per-user</FONT> period, and any other data or report that **** or other Approved Verification Providers can communicate on a
regular basis). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"><U>****</U>. Company warrants that, to the extent **** (as defined below) as of the Amendment Effective Date, and/or to the extent ****: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">to **** such **** on the basis of **** than it is **** Label in connection with the ****; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">to **** such ****in connection with **** pertaining to subscribers to the Student Offer; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">to provide such **** in connection with the Student Offer which is ****such ****; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">to provide such **** in connection with the **** that which is required hereunder), </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">then it
shall **** to Label **** Amendment in order that they are not **** with the **** to the date ****. For the purposes of this section, the ****. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"><U>United Kingdom, Germany and United States</U>. The terms and conditions of this Amendment shall supersede all previously agreed terms and conditions in respect of discounted Wholesale Fees for students, including for
the avoidance of doubt (a)&nbsp;the &#145;<I>Discount Programmes General Amendment</I>&#146; entered into by Label and Company dated November&nbsp;25, 2014, together with the accompanying &#145;<I>Discount Schedules</I>&#146; for the United Kingdom
and Germany full executed on January&nbsp;27, 2015; and (b)&nbsp;the &#145;US Student Discount Programme&#146; entered into by Label and Company dated February&nbsp;28, 2014. Label reserves its right to **** in the United Kingdom and Germany,
subject to review of a **** describing the proposed verification methods and subject to compliance with other requirements detailed in this Amendment. Company commits to **** in the United Kingdom no later than the date that is **** following the
Amendment Effective Date, unless the service provided by **** is deemed **** as described above, as accepted and agreed by Label in writing. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and
filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as otherwise provided herein, all other terms and conditions of the
Agreement shall remain unaffected and in full force and effect. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Very truly yours,</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">ACCEPTED AND AGREED:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>SONY MUSIC ENTERTAINMENT</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>SPOTIFY AB</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Stuart Levene</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Peter Grandelius</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">SVP, Business &amp; Legal Affairs</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Associate General Counsel</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">July 14, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">July 7, 2017</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and
filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNEX 1 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Approved Verification </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>****</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Approved Verification Partner(s)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Approved Verification Method</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">****</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">See Annex 2</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and
filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNEX 2 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Approved Verification Methods for **** </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It
is anticipated that at least one of the primary, secondary and tertiary verification methods described below will be available via **** in all countries. Where only one such method is available in a particular country, that method shall be deemed
approved by Label for such country as of the Amendment Effective Date. Where portal verification is available in a country, only that method shall be deemed approved by SME. Where portal verification is not available in a country, but campus ID
verification is available, campus ID verification shall be deemed approved and manual verification may be used as a <FONT STYLE="white-space:nowrap">back-up</FONT> solution if required. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Primary method: portal verification </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This method requires
individuals to prove their current student status by authenticating with their institutions&#146; learning portal through a Single Sign On (SSO) or, in the USA, by confirming their current status through the US National Clearing House database. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In order to confirm eligibility, the Approved Verification Partner shall collect data relating to the individual being verified, including: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">**** </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Secondary method: campus ID verification </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This method requires individuals to validate their student enrolment by being connected to a valid IP address (e.g. being connected to campus wifi) from the
same eligible institution they declare as their university/college when they are registering for the Student Offer, and by verifying a valid email address available only to those that are or have been associated with the university/college
concerned. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tertiary method: manual verification </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This method requires individuals to upload an official document issued by the school/university (e.g. university ID card) and including the full name of the
student, an issue date within the current term, and the full name of the college/university that the student is attending. **** (or other approved Verification Partner) will manually check the content of the qualifying document submitted by the end
user and will use &#145;image manipulation fraud detection&#146; technology to detect whether the document was manipulated or altered. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and
filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>9
<FILENAME>filename9.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.26</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.26 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g494294g0130102129993.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>SONY MUSIC ENTERTAINMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">25 Madison Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">New York, NY 10010
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">United States </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SPOTIFY AB </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Birger Jarlsgatan 61, </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stockholm, SE 113 56 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sweden </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;1, 2017 (&#147;<B>Amendment Effective
Date</B>&#148;) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Second Amendment to Digital Distribution Agreement; </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We refer to the Digital Distribution Agreement entered into by Sony Music Entertainment (<B>&#147;</B><B><U>Label</U></B><B>&#148;</B>) and Spotify AB
(<B>&#147;</B><B><U>Company</U></B><B>&#148;</B>) with an effective date of April&nbsp;1, 2017 and all Exhibits attached thereto (the <B>&#147;</B><B><U>Agreement</U></B><B>&#148;</B>). All terms defined in the Agreement and used herein shall have
the same meanings as given to them in the Agreement unless otherwise defined herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Label and Company hereby agree that, in order to simplify
interpretation of the Agreement, with effect from the Amendment Effective Date: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>PRIOR AGREEMENT </U></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Section&nbsp;5(c) of the Agreement shall be deemed deleted in its entirety. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The following new definition shall be added to paragraph 1 of Exhibit A to the Agreement: </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">**** </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">The final paragraph of section 2(a) of Exhibit A to the Agreement shall be deemed deleted in its entirety. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>FRAMEWORK AMENDMENT / BUNDLE DEALS </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The second sentence of section 2(b) of Exhibit A to the Agreement shall be deemed substituted with the following text: </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><I>Notwithstanding expiry of the Prior Agreement, the Parties hereby agree that (i)&nbsp;except as expressly set forth elsewhere in this
Agreement (including, for the avoidance of doubt, pursuant to Paragraph 10(l) below), the Framework Amendment and Bundle Deals shall continue to apply with full force and effect, including with respect to any and all Partner Schedules entered into
pursuant to the Framework Amendment prior to the Effective Date, for the full duration of the applicable Offer Period, and (ii)&nbsp;from and after the Effective Date, the term of the Framework Amendment, Partner Schedules and Bundle Deals shall be
measured by the termination or earlier expiration of the Term of this Agreement. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential treatment. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">We also refer to the Third Party Distribution Approval Framework Amendment entered into by Label and Company on October&nbsp;21, 2014 (the <B>&#147;</B><B><U>Framework Amendment</U></B><B>&#148;</B>) together with any
and all &#145;Partner Schedules&#146; agreed pursuant to the Framework Amendment. Label and Company hereby agree that, in order to simplify interpretation of the Framework Amendment and Partner Schedules, with effect from the Amendment Effective
Date, all references to the &#147;Agreement&#148; in the Framework Amendment shall be deemed to be references to the Agreement (as defined herein). </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>B2B AGREEMENT </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">The second sentence of section 2(c) of Exhibit A to the Agreement shall be deemed substituted with the following text: </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><I>Notwithstanding expiry of the Prior Agreement, the Parties hereby agree that the B2B Amendment shall continue to apply with full force and
effect during the subsistence of the Term of this Agreement, subject to either Party having the right to terminate its term upon **** written notice to the other Party. </I></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">We also refer to the Digital Content Distribution Agreement entered into by Label and Company on October&nbsp;15, 2015, as amended (the <B>&#147;</B><B><U>B2B Agreement</U></B><B>&#148;</B>). Label and Company hereby
agree that, in order to simplify interpretation of the B2B Agreement, with effect from the Amendment Effective Date, all references to the &#147;Underlying Agreement&#148; in the B2B Agreement shall be deemed to be references to the Agreement (as
defined herein) </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>FAMILY PREMIUM SUBSCRIPTION </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">Section&nbsp;2(d) of Exhibit A to the Agreement shall be deemed substituted with the following: </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><I><U>Family Premium Subscription</U>. The Parties hereby agree that (A)&nbsp;the following provisions of this Agreement will have
retroactive effect to May&nbsp;23, 2016 in each country of the Territory: (i)&nbsp;the Grant of Rights set forth in this Agreement for Family Premium Subscriptions, (ii)&nbsp;the Content Usage Rules set forth in this Agreement for Family Premium
Subscriptions, and (iii)&nbsp;the eligibility criteria set forth in this Agreement for Family Premium Subscriptions; and (B)&nbsp;the determination and calculation of wholesale fees for Premium Subscriptions with multiple User Profiles associated
with the same subscription in each country of the Territory for any periods since May&nbsp;23, 2016 shall be determined and calculated by giving effect to (x)&nbsp;the provisions of paragraph 10(a)(1)(A)(iv)(b)(II) of this Term Sheet (in respect of
SME Materials), and (y)&nbsp;the provisions of paragraph 10(a)(2)(A)(iv)(b)(II) of this Term Sheet (in respect of Orchard Materials). </I></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">Section&nbsp;10(a)(1)(A)(iv)(b) of Exhibit A to the Agreement shall be deemed substituted with the following: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>(b)</I></TD>
<TD ALIGN="left" VALIGN="top"><I>**** of: (a)&nbsp;where ****; or (b)&nbsp;where the **** in the relevant ****, subject always to Paragraph 10(b) below and regardless of whether **** in such **** (and provided that only **** shall be counted for the
purposes of this <FONT STYLE="white-space:nowrap">sub-paragraph).</FONT> </I></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">Section&nbsp;10(a)(2)(A)(iv)(b) of Exhibit A to the Agreement shall be deemed substituted with the following: </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL TREATMENT REQUESTED BY SPOTIFY TECHNOLOGY S.A. PURSUANT TO 17 CFR 200.83
</B></P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>(b)</I></TD>
<TD ALIGN="left" VALIGN="top"><I>**** of: (a)&nbsp;where the ****; or (b)&nbsp;where the **** in the relevant ****, subject always to Paragraph 10(b) below and regardless of whether **** in such **** (and provided that only **** shall be counted for
the purposes of this <FONT STYLE="white-space:nowrap">sub-paragraph).</FONT> </I></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as otherwise provided herein, all other terms and
conditions of the Agreement shall remain unaffected and in full force and effect. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly yours,</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SONY MUSIC ENTERTAINMENT</B></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">By:&nbsp;<U>/s/ L. Jeff
Walker&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Title:&nbsp;EVP &amp; Head, Bus. &amp; Legal Affairs</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Global Digital
Business&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</U></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Date: January 30, 2018</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ACCEPTED AND AGREED:</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SPOTIFY AB</B></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">By:&nbsp;<U>/s/ Peter
Grandelius&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Title:&nbsp;<U>Associate General
Counsel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Date: January 31,
2018</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**** Confidential portion omitted and filed separately with the Securities and Exchange Commission pursuant to a request for
confidential treatment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g494294dede.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294dede.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$(  P 3 ,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /VDU*_\1>)O'/BCP);(-#T;PSX<^&7C#3_%-O=:J+C4]<UC
MQ'X]&H>&[BVTG6M-F6RL(?!'ARXN4DG>'4+7Q9-9RQ;(W:0!::=CM'NM9T?0
MA-JY@U[4UN;>"=_#^FRZ);^3?:G%:)=+9ZCK.HM:06-I<K/<S27L@V6<\P5!
MB-38-CY\\(^(?&NM^$O 4'B2]UV_N9/"_P"SUJVMZO<WNB>'M5FUJ\\5PW%[
MXCN-.\-6]C)';^));.2RO],$D-J@L9+./3Y+.[NFN#;Y!M\CK/B[XM\4^&M4
MTK^PKO6;+2[;3VU/6S8P^&[A+Z"WOXYY+#3(K[1=5OSJK:58ZNTI:W@M(K?;
M<&=!;7,D !N^ -?U6X\1>+=.UO[4U[?ZG:ZU#;I9^)UL]*LSX6\,645O$-=A
MC72+26>RO=MO#'&DUY!J-V4CDO"K&P;'ET7Q/UB\UOQ+9ZOXG30[!O'_ (9T
M/PHUO;RRQ:AH5KJ'A,>7IUWH^E7LNJZIJGC?QE%X5O[CR[2S6RTQ(;,M,LFN
MWX!Z9X@\5^)7^&-[JL?A6XUC5KJTUZRN+71O$TWA"!%L[R]TV*]@U]#-JFBR
MWL4,<UM)I]O?R6\MP@,_E1_;" 5-$UCQ)=_$*2.QTJYDL(?!^B65Q-XC\7VJ
M1WEG8^*?$5E+XGTFP\,QZSI]Y<WUM$+E&G31;F9&@ANUMVA\FR-@V-7XG0ZO
M'/X5U#3-0UB#;K$M@UGIMSK$%N!-H^K7[7][::*IDU=TETRU@AM[AX[=&N7=
M_.#&UN@"_P##JXAA\':'+JVIS+J=[8V^H74&I:U?RW%H+N&.6SM%AU34)[JR
MAAT\VB+;W$LMP-I>[EN+R2XN;@ Z?PY:11PW^I_,UYK>I7%]?2N0<O;+'I5I
M#"JJ!#;0V&GVL:(!R5>1R\LTDDAM\A)Z+IH:NI:?;:K876F7@=K.]B-O=Q(Y
MC\^UD(%Q;.Z_,(9H=\,@4J2DK@,I((!F7J_AS3-142&-K.Z:]\)2RWVG^7;7
MMQ!X2\1P^(-(TZ>X$3-)IBWK7:-;G@Q:E>(A0SLU&WD&WD1ZUX3TG76OI+PZ
MC%-J&F0Z/<RV>J7]IG3X9KN8P)!%<"!/-^W722N(M\L;JCL1%'Y8!2T+P)H6
M@76HW=NMQ=RZA;/IVS4'@GM[#1VOK[4!HUA;16\44-A]HU&?>722>X"0"YFG
M^SQ%#8-BK%X'TS2;;Q7<65YJ:7NN7$^IVU_-)8W,_AB2+1K'2K"U\+17%@]M
MIFGV4>FP306LD%Q'YKRF598W\L&P;%BW\">&IO ^F>!-6L1XA\.6FG:/9W%I
MKY34/[772I+2[BEUI2B1:BT]Y:1S7,3Q""<M(DD1AD:,FWR#;Y%JWL8(O&=]
M=QAD=/"FBV*1+L6!($U77)5"1A/D8'CY2!@ $':N "M?>$= U#7SK][I]I<7
MFF6TWV2.6RL&@%Y>63V=QJ<Y-IYUW?G3B;)6GFD2.W=TCC4R.SFWD&WD,\':
I!HT7A#PI$=,L)O)\-Z'$)9K&S:5]FFVP+R,( "['+,0H!9B<#- '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g494294dsp63.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294dsp63.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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8]FEO;R6W>XE=F8M),Q)).:-OD&WR/__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g494294dsp81.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294dsp81.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M[0 .GYU]!E=*'LW4ZW.W#Q5N8ZRO8.H* (VGA3AI47ZL!4N26[%=(3[5;_\
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M6:NK,ZCS+7]'?2+\JH)MY.8F]O3ZBOE<9AGAYZ;/8\VK3Y'Y&37$9!0 4 %
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MJSM;2;0K)[>U#"",Q#;'N.6P/<\F@"QJ_AG1-?DBDU;2[>]>$$(9DW;0>N*
M.(^)FM>,-+U*V30;RRMK*2 AUE3<S.2>>5., <<]SGM0 ?!WP"?"FDS:G=S1
937U^HP8\[8XQR!D@<D\GZ"@#TV@ H __V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g494294dsp82.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294dsp82.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M1V-)SC#XBI_PE>B?\_O_ )"?_"L/[0PW\WX/_(CV]/N'_"5Z)_S^_P#D)_\
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MY,0G69IM_P"Y$'^LW?[/X=<\>M %"S\D:C!]OCOQ<9(@-V5*9QVV<;L9Z\T
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$T ?_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>g494294dsp1791.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294dsp1791.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$(  T ; ,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /T.^)_Q0\9)XJ^)O@F+Q?K&EV3_ /"->'_#RZ'IUO<R:.VM
MWU\NLZMJNHZ#IT&MZ#%%I\BP6]TEYE[J+2[>%X[O4(O[2-@V/>OA'\2(=<^'
MTFM:Q'JXU33HKK6=2TU-,\;ZMXB?3M4EEU?3;F+0]2\-6NJ7,UQ974316.DV
MFH6D2F."PGG@6(T >0>)/C5XOM?!>GR>!_$%S)K'B^#XC7VAWOQ(\$C5/%'A
M^:P\0SZ=H::IX7^'R:;:6WA*RN[F&UMK_4/+FDL;.W>_FGNFN+J4 ^K]=\26
M/AFUM'U,:O-)=L;:!]&\*^)?$I-RL8+23V?AK3KZ6U@ZR$RF-=D<A\S$;LH!
M\\^#-=\?Q^.=8U348-;O[74-(AU!?!WAGQ#\/KFVU[5;35=9T&XU6UTKQC?:
M1K7AW3(_#47@W4WMXC9I]NU>XBEFO?(%QJQL&QZS\0_$WB#2)_ FF:!8:[Y_
MB?Q'+9ZU=Z7X8N_$3:#X>M/#NLZC?WUU<VL5Q8:/<C48=(M+::],T,MQ>)&L
M4ZERAL&QB_"/7=0;P!I_B+Q#IWC9'UCPWIOCO5M6UW5M.\5037NNZ9#JVHZ=
MX9M="NGOH].M-Y2VL8=!TJ+RA$(+59GDC !X-:_&/5-)M_&.MQ>(O&']AM\9
M;>*#_A+=&>RM;;2O'.JZW\,?#W@713?:7+J?A[[)X^\,V&KW#>(?['M[&V\8
MRB2^L[.!8]+ /J+P!J"6?PWT">^\;-\2;O0?#=K;>(/&EE;:5<WGB/5]&T]$
MUO4#I7@XW-G'J,UW!<.=.TXW!1W$,;3, \AM\@V^1XU\//%?COQ-X@T;4_%&
MB_$1[^P\!^"?$$WAZS.E^"].TK4_'=[XJL=6A\1>$->O-*N[M=-LO#.GLIN[
M[67BN;G5%M[6WDAC\\_0/T/4?C7+XFA^&GB]O#%U]@N5\.ZZUU>VJ:K/KD5N
MND7ACMO#<.CA9X];N[KR+6&]$T9L?M!O$2:2W6)@#A_A'KVH1:]XILM?\0ZA
M+ID^L26'@V'7UCTR[NX[*.PTV\6>SG7>NJF_M)$\@RK,)3=I+:6TRM'1L&Q3
M^-/Q7USX;6OQ1U"S37]4/A[X=^'M9\+Z3X<TGP_JE\?%6MR?$*UBAFLM2G@G
MU"RW>&+"\G\N4):6EKJ-W<R06D$DT(!M:)K?CBTO_%4&L:]+-MUVS?3;4-HN
MIQZ9I\_A+PQ<&TBU*W\,Z8+U)=1EU"^+FW;8VI/#'(888EC-@V-!?@?I<_B#
MQ#JVL>)-9UC2?$>FZ=:7?A:>RT"/2X[VU\7^,/&EUJ,5X-)?4EDEU3Q3:I %
MO5>TB\.V2QS,6D+&P;'8_#CP*GP_\-2:"M_%?W%SK&NZS=7UK8RZ?$UQK.I7
M%VBQ6MYJ.I3EH+5[:!I[N]O)[F2W>YGD:2X< V#8\Z\.?L\:+HFF:%I.I^+O
M%WBV"P\"^//!>O77B&ZL9-2\42>/CX2CO-:GO+"RMAH,FGV?AJ[MK*PT>.QL
MHUU^ZF>&2Z1)R;!L>N^$]%UG0-,ELM<\3W?BV];4+VZ75KZRMK"Y^RW$@:VM
M)+>R;[.&@C 4M;Q6T;')6"(';1M\@V^1\X>#_A@WACXS_!P#73=Z=\/_ -GO
MQQX>TS3A8W4<9DUK5/@EI$US:&[UF[CT?3XK3P';&/3;.&.)7U&9E=5!20V#
M8^AM?\(0ZWK6A>(UU/4++5O"UCXAAT"-9%GT2WU+Q!;6EFVM:AH[!!J6H6EG
M;7-I;LTT7EV^LZG&A5KL21&P;'+> ?A;HWA2#P5K)GENO&&@?#/0_A[JNO63
M7FC6'BFRTRRT=8K[6O#5O?RV5U=P7>EO+82W!NKG3HM3U"UM;I8+ZY%P;?(-
MOD<A+^S9X)N+[7[NYO-7D/BKQ&WC;Q)/'<?9M5O?&BV$>GV>N:=JD)!\,Q6(
ML= O;6UT:*P$>H^&-,U%I)+N.:2Y-@V/2['PQXFO/ ^H>$O&?C)M7U/4=)U'
M0YO%WA72&\$ZREK>VDUC'J<$?]KZM%9^)(H)1,;VU^SP?:5\Z"SMTVPQFP;'
M&W7P7T'6+CQ9HNO7#7W@[5/!GP\\+>'=#L(KK0=8\&Q^"+KQC<6&JZ-XNTK4
MXK^VUF*?7H)+*_LQ876GMI<3QSRR2%U-@V/0?%GA&T\6:=#IEU<&T5289]1A
ML[*76TL)55;^UTK4KJ&0Z+/>I%'#->VT7VA(FD-K);70@N[4 \I^%/PC_P"$
M"MXV\)>(?^$>T>#Q/\0HK[P=HVAV-IX,O](E^)'BO4O#J0Z---/+H_B'2]%O
M+31YM6T^[MUU*&Q1[NS(M["+2C8-CK?$_P (M"\77GC.XU?4=5@C\;^&[;PC
MJO\ 8QL=&U:+PXEKJ%K?:59>)K2S&KV$%W_:,\KR6=Y;3QO@QS+M01FWD&WD
M<#HOPXOM?\4?$[^TO%EU+#H_C/2-'T<1Z38V=S#I<?PP^'5^(=0?3VM[:]NE
5U#4-0*SPVEFJV[6T!B9K=IIP#__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>g494294dsp1801.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294dsp1801.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$(  P = ,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /TZ\?:YK=SJGQ)L'N[Z[T"!?"D$\,]_=KHMOI-QX@\8V.MM
MMNXAI\4MQ/IUOHF\/<Q1S;6FC,EI<?V8 >W_  G\22:YX8\JZAU)=4TNYO8M
M02Z@NYXA.]_>GR8?$<D\UCKUT'23SF@N(9K=G6&^L=-N5>TA . /CGQ!/<WK
MVVD^-_ ]SJGQ)MO#%UI&MP6_B[5;RWC\/Z)+<ZMX5N=.U/6_#WA&RA6]^>"9
MKNVN+C3+O9%%/<M+.;!L>J^ [C5[+X9>#;KQ!JFI>+]=@\%>'KG6M9^PZ=#J
MGB'5/[&M)=0U$:;I$%M9Q7-U=&646]I%'&ID"1K@#)M\@V^1X]XMN[GQ#XHM
MM3O9;K1=-\-ZKI.GN=3\1:-X9O?#[>(+:6*\T:YU[P/J-_KF@C6KB;P!.D5_
M]DS#J:>8I+Q"U /HC3KG6/[-:XUS3K&RU"/[0[V.B:G=:Y;F*-G,'D7EYH^E
M2S3R1*I,9M$"NVP.X&\@'S_X1UGQ5J-YHWB'Q-IMQ9ZDOA_PA?6T?C+QYINA
M6-K/XVO]:%S:V\'P_P!4USPYX@U&&Q@TW3K9?L*&2XT^],&H36^HQS,;!L=[
M\:;C_BW^N:.5\06Z>(;:/0Y-<\/:G'H%WX<BU2_L--EUM/$CZKIQ\/W-E%>O
M>07L=W;R1R66Z*6.58S0!YSH_C63Q-\0M,2ZUO5].L+.T\*^.KG0M-OKFY6U
MO?$?AS5_#,?@^]?0_$<L]_IECKVG:S=WEIJWAC2E%[%:3+<2):/%$;!L>S_$
M/5-<TGPQ++X<MM0N=:O-6\.:/9-IK^'8[BR_MKQ!IFEW&I.WBJ\MM.:WL[6[
MGN)(G>2>983!907%[-;P3 '*_#VYO_[1NY;VSCL[O7+WQ/->1ZYXWU"^\3+!
MX?\ $-YHVFQ6OA,W.KZ9;V=O9QV\%U<:9JUO;_:C)-':@7FU38-B;XN26\NB
MVUE<ZS:VEDNHZ#=:MHFVT>\U33SXGT.W:YN3/<+)'X?L(GO+V\6%$,HLXEDN
M$MDN8+T Q/@E?0)I5W"X*MK&J:QK&ERV?B+3M=\.76G:AK6LZE;KHL.G7\O]
MEW(@N&N+M+JWBN)I+G=+<7<T4WV8 =\3/$VJ:')XY70YY]3UZR^'VE:EH?AN
M'7I=)GBO9;CQM$VL6<4&GW0DS+8:>+B:^0V<,>FJSF,&47!L&Q42>_T:]U,3
M>([R$ZA<V6HQVB^)M8U6TLX7T/2;6*+3[G7[J2X%M(MI]I8)%:QM/=W$OD^;
M++-.;!L=];?#/P[;Z]J_B)[GQ'<WNM6&AV%];S>)=9BTK&@ZMXJUN"ZM](LK
MN"TMKJYU'QCK$EUY<2QS!;1#&$M(E4V#8W/"&@V_AO0X=,M[J\OO],U2^GOM
M1-JU]=7.IZG=ZA/)<-96EM#A'N##&L<,:QPPPQ@8C% &'IOPR\,Z5JD^LV[:
MO+J=WXPO/&MY=WVK7=^]SJ-S8:SIMOIRK>/(MCX>L;;6[DVFF6*VL$4T:W!5
MYYKF2Z-@V-SP]X8A\-R:@+75=9N[&[:V6PTK4;BUGL/#UG:K*(]-T3RK**XB
ML TTC".[N+MHQLBA>."*.*,V#8\:^+^D16UO:ZQ;7$D%SJ7QB^#.D7ZK::1(
MUQINJ^.?AGIMW9K?3Z8]_:0M#:Q.%MKN']YESG"A0#W[4M/MM5TZ_P!*O1*U
MGJ5E=:?=K!<7%I.;:\@DMIQ#=VDL<]K*8I'"S0R1R(<,C*R@@ \]_P"$!T"]
MU7QAHFJQ?VOX0USP)X,\+MX(U&RT:3PSIVD:7=>-86@L(8=+BO6%W%J")*EY
M?7<40TZU^QQVI$IG-@V.VUO0=,\1:5/H>L0M>:1=H(-1TZ21S;ZI9%2LNG:D
M,[KO3IU^2XMW;9<1[X9Q)!++'* <)JW@:RTN.SUO2M8U_3]<TNXMV75X;NSN
M+R]TJWT\:<OAK48[_3[BVN?#[00V\A@\A9!<P+>I,MZSW#@'=:CHFF:\FCR:
MK:_:O[(U*TUVPC,UQ'#%JEI!/':7,D44JK<^0UT\T23B1(YXH+A5$UO%)&;!
ML<EX6\&Z6EAI,VL23>)M6\,^-/B!KVA:_K=MI":QIE[K_B/Q;#=+9RZ)IFG6
M]O#'I.N7FE*([=7ELU07;W,YDGE-@V.NUC0K+7H8[/4_-N-,#AKO228QI^IJ
MA#)!J<7E;[RS#*"]JT@@F&4N(Y8R4(!Y_P##3PQ%;Z!X)\2VNK:S:37_ ((\
M,?VWI4%Q:?V#KEX/#^FQ1:I>:9+8NEEJB1QHIN-+;3S,J1I<B9((5B-@V.KU
MCP5HVO3:T=5-U=V/B+1[/0=;T>22'^S-1TJT&LH;*X00>>UM/'KE\DT(N!$X
M((16:1I0#RRV\%Z3K'B+QS#J$^JW,.A^(]-T?24GU&>Y>STT>!O!VJFU^UW?
:FW-T/[1U34)M]S/,X^TF-6$4<<<9L&Q__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>g494294dsp1822.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294dsp1822.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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,Y S%B;>5@V\K'__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>g494294dsp1831.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294dsp1831.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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B%+J6HC3;>SL_M]U(C3S?9;2U@\R5_*ABCVHIM\@V^1__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>g494294full.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294full.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M_0A?"3_PY7B+_P"=O0!]"4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
M!0 4 % &+-X@TV">ZMF-^TMDRI="WT?6+J.!FB6=1)-:V,D8S"Z.#NQM8'I0
M!F1>-_#USINGZQ8OJ^J:5JHTE]-O]&\,>)]9M;ZVUN>U@TV_MI=*T>X6;2I!
M>V\[7ZYMH;8O=S2QVL4DR &O<Z_H5E>/IUWK6DVFH16UO>R6%SJ-G!>1V=W+
M=P6EV]K+,LB6TT]A?1QRE0CO93JI)A<* <=#\7?AJ= 3Q+>>,_#^BZ0VM2>'
M'N=?U2ST00:]%XED\''2IAJ,T6+I_$T36$)4M'<2-&UN\L4T<D@!Z/0 4 %
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MDFT5I!,KW/V:V /1* "@ H * "@#Q[XSP2>(O#NG_#>Q*OJ/Q%UK2]&N8<S
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M 6@!"0H))"A1DD\  =23V % "(ZNJO&RLC*'1T(965@"K*RG!4@@@CC% #J
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M%MVG$TBSN\<;I!,T0!T5 !0 4 % !0!\<_$6^U2PU3XPSZ6NLW,$'B7PK?\
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96EY=V=_]IM;RXAF-O(-O(]$H * "@#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>g494294g00o13.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g00o13.jpg
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M 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" "? 1(# 1$  A$! Q$!_\0 '@
M @,! 0$! 0$           H("0L'!@4$ P+_Q !($   !00  @0*!P4&!04
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MGD&JX"9NQ$FV5MW+I)&.HZC]'U(\@F4XX./'9?Z(GU)B_>/'B+ *'R% % %
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MKJ&HC F5"8];SY@NJ@+H!@[(48FA@5LJ!@5++ (HZOGF&JERH018!0PRQ-A
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M?W$$_P#[EC/_ (&K<_W8,\]._P#'I^M-9X^KYJ3WU?T@?6R57]Q!/_[EC/\
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LA88X8VMC:UJ'A^V@"@"@"@"@*H9%]8+[]\G/\[/5^Z9$YD[#\%RKSKVG_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>g494294g02z13.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g02z13.jpg
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MJ>'L'E-%LA;?Y(JG]9B$+W2LD^AA=[B]JFRE# H!0"@% * 4 H!0"@% * 4
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M>6$Y92SR$((1$P-&1AR47%DXT6OH-W:&!0"@% * 4 H!0"@% * 4 H!0"@%
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MTC]5DK!ZYE7:K2"AKB>E?8N/G4_Q[#I9-N$#)GR\NUA4T+Q9L+Q(QP,QGX>
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M],2M54IA4R[QI]YUM"'\(TJ_F(T?_35M?U93OC25_H1?\C7=_DMXOC_UH?\
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MAV"^&P]5J[&'A+:^9(=:<*_O[X*S>4FNK (8U6V5N* GT<KAT>\I^]Y(?=#
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M7'2>H\;D4!"DYKOTL:<=7DM=I&;5P;&.U;6TB6U<4K6_FV+.Y&/UX9$JJT"
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M"DYKOTL:<=7DM=I&;5P;&.U;6TB6U<4K6_FV+.Y&/UX9$JJT" B@+$WEO^C
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M&7F:0?S273\>.?$)U1RJ-)QXYJF8RBTWD6O#[,BI[<BU0R*@:OZZM:9%_8I
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5[]LG/\;/5]TR)Q)T'P7*O&O2?__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>g494294g07f61.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g07f61.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[2%"4&AO=&]S:&]P(#,N,  X0DE-! 0
M     !\< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< @   @  :#A"24T$)0
M    $-/)GTL]C>HHA4@U:H05G"LX0DE-!#H      /L    0     0
M"W!R:6YT3W5T<'5T    !0    !0<W138F]O; $     26YT965N=6T
M26YT90    !#;')M    #W!R:6YT4VEX=&5E;D)I=&)O;VP     "W!R:6YT
M97).86UE5$585     P 4P!E &, =0!R &4 4 !R &D ;@!T       /<')I
M;G10<F]O9E-E='5P3V)J8P    P 4 !R &\ ;P!F "  4P!E '0 =0!P
M   *<')O;V93971U<     $     0FQT;F5N=6T    ,8G5I;'1I;E!R;V]F
M    "7!R;V]F0TU92P X0DE-!#L      BT    0     0      $G!R:6YT
M3W5T<'5T3W!T:6]N<P   !<     0W!T;F)O;VP      $-L8G)B;V]L
M  !29W--8F]O;       0W)N0V)O;VP      $-N=$-B;V]L      !,8FQS
M8F]O;       3F=T=F)O;VP      $5M;$1B;V]L      !);G1R8F]O;
M    0F-K9T]B:F,    !        4D="0P    ,     4F0@(&1O=6) ;^
M          !'<FX@9&]U8D!OX            $)L("!D;W5B0&_@
M    0G)D5%5N=$8C4FQT                0FQD(%5N=$8C4FQT
M        4G-L=%5N=$8C4'AL0'D            *=F5C=&]R1&%T86)O;VP!
M     %!G4'-E;G5M     %!G4',     4&=00P    !,969T56YT1B-2;'0
M              !4;W @56YT1B-2;'0               !38VP@56YT1B-0
M<F- 60           !!C<F]P5VAE;E!R:6YT:6YG8F]O;      .8W)O<%)E
M8W1";W1T;VUL;VYG          QC<F]P4F5C=$QE9G1L;VYG          UC
M<F]P4F5C=%)I9VAT;&]N9P         +8W)O<%)E8W14;W!L;VYG       X
M0DE- ^T      ! #P     $  0/      0 !.$))300F       .
M     #^    X0DE- _(       H  /_______P  .$))300-       $
M'CA"24T$&0      !    !XX0DE- _,       D           $ .$))32<0
M       *  $          3A"24T#]0      2  O9F8  0!L9F8 !@
M 0 O9F8  0"AF9H !@       0 R     0!:    !@       0 U     0 M
M    !@       3A"24T#^       <   ____________________________
M_P/H     /____________________________\#Z     #_____________
M________________ ^@     _____________________________P/H   X
M0DE-! @      !     !   "0    D      .$))300>       $     #A"
M24T$&@     #-0    8              YD   2V          $
M                 0             $M@   YD
M 0                         0     0       &YU;&P    "    !F)O
M=6YD<T]B:F,    !        4F-T,0    0     5&]P(&QO;F<
M $QE9G1L;VYG          !"=&]M;&]N9P   YD     4F=H=&QO;F<   2V
M    !G-L:6-E<U9L3',    !3V)J8P    $       5S;&EC90   !(    '
M<VQI8V5)1&QO;F<         !V=R;W5P241L;VYG          9O<FEG:6YE
M;G5M    #$53;&EC94]R:6=I;@    UA=71O1V5N97)A=&5D     %1Y<&5E
M;G5M    "D53;&EC951Y<&4     26UG(     9B;W5N9'-/8FIC     0
M     %)C=#$    $     %1O<"!L;VYG          !,969T;&]N9P
M    0G1O;6QO;F<   .9     %)G:'1L;VYG   $M@    -U<FQ415A4
M 0       &YU;&Q415A4     0       $US9V5415A4     0      !F%L
M=%1A9U1%6%0    !       .8V5L;%1E>'1)<TA434QB;V]L 0    AC96QL
M5&5X=%1%6%0    !       ):&]R>D%L:6=N96YU;0    ]%4VQI8V5(;W)Z
M06QI9VX    '9&5F875L=     EV97)T06QI9VYE;G5M    #T53;&EC959E
M<G1!;&EG;@    =D969A=6QT    "V)G0V]L;W)4>7!E96YU;0   !%%4VQI
M8V5"1T-O;&]R5'EP90    !.;VYE    "71O<$]U='-E=&QO;F<
M"FQE9G1/=71S971L;VYG          QB;W1T;VU/=71S971L;VYG
M  MR:6=H=$]U='-E=&QO;F<      #A"24T$*       #     (_\
M #A"24T$$0       0$ .$))3004       $     SA"24T$#      6D
M  $   "@    >@   >   .3    6=  8  '_V/_M  Q!9&]B95]#30 "_^X
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M+/%MO_;CO_))[3&;89B+;#(YD.>6_P#25C+<_P!F^VVTD'2T-T!#?H.KNO\
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MX^/6ZVY_KTG:Q@-ECMK;'.=M:U)3SGK9?^EM_P"W'?\ DD_K9G'JVD_UW?\
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M#J#=L%=WH<CZWWTVVQTG*?CN])N%:UCRZRRV@9I^T4^FUV+53O93:_\ 3/\
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M?O\ ]M'R^JU]!Z;CY;&LZGB9M[ P$CW4FN][W57.;^DL8YFW]+]#^9R/TO\
M-6I6 37%VC^\PC<:TZ'U)/4K.@MOZGN-V1=;=6;!#C780]K]FGIMMM]:VMO[
MCUK]:R[!]7>K4O.YCL')#2>0?2LC7]U/A9M'4,2G.QG%].2P65N<(=![/&OO
M;]%Z!UW_ )"ZG_X3R/\ SU8L6.68YCC'H,I^J(\_EDWC"/LT?54;!?%Q] ?!
M$9DM:XN> )  @3Q/BYGBACZ'R1Z,MM)<6DT[@!#'.$Q.KMBW'/86WML8&L!$
M<RT#X:[GN0*?Z95_QM?_ %34>[)LM<UWJ>H6 ;;/<'-'[K2]SD&G^F5$\^JS
M7^TU)3__T?.K_P"EW?\ &V?]4Y6OLH(@,<V1.X5N)_>[VJM=_3+?^-L_ZIR6
MUO@/N24N002#R#!^2+B8]V5<W'H;OML)VMD-G:USW>YT-^@Q!1*'!CPXN=6!
M)WL.UPT[. <DIVND97UMZ0RUG3*+JFW.:ZZ<<6^YHV,DO:[T^58N^NWURQ[3
M3D7BFUL;J[,:MKAN >W<US/SF.W+!=D-:YOIWW;6_P#"&1KO9LT9^>[=_742
MYCGESS8Z0-2X%VFFKW#]U,EAQ2-RQQD3U,8DKA*0T!(^KO5_XP/K?4[=7FL:
MXB"1CU<?YB)_XY/UV_\ +%G_ +#T_P#D%SOZ*# ?/;5L?/VI#TH$[Y[P1$^7
MM3HQC$5&(B.T1PA!).YOS>B_\<CZ[?\ EBS_ -AZ?_()?^.3]=O_ "Q;_P"P
M]/\ Y!<X/2DSOV_FP1/]K1(>E)G?'YL$3_:T10ZF5]:^OYE@LR<AECVZ-/I,
M$:[M T#\Y-E_6CKF:ST\JZJQH::P?1K:[:[Z3=[6[NZRSMGVS'GJ?P3(  "@
M  .@39.I;%O4,N[!QNGV/#L7"+W8S-H!:;=;OTGTWM?_ "D$6/ #0X[&DEK"
M26@N@6.:SZ+7/V-WJ*2*G:Q?KG]9,/%JQ,7)KKQ\=@KJ9Z%9AK1#?<YNYW]9
M2R/KK]9LG'MQK\ICJ;V.JM:**P2QX+'MW-;N;[7+#24?LXKOVX7O?#&[3QRJ
MN(_:HZ-@>"-1;4PN ]K7!OTPTZC=^^U__103P46GT!OAK;=&QZD#76=KG.8I
M%K&_(=:0'-9+"8>P  R9=]%M>_=_+0:3.943R;63_G-1++*WN:ZNIM8'+0-#
MK/N:AT_TRK_C6?\ 5-24_P#_TO.[OZ9;_P ;9_U3DDKOZ9;_ ,;9_P!4Y.DI
M2M])I=D9]5+;7XY=N/JU_3:&M<]VW_-51;OU&J]7ZV=/K@'<;8!\13:YO_2"
M2)WPRHT:-'Q>AK^I7426NKZIG O+FND-D%P+B_V6N9:U_OW;'[UC]<^IPZ/C
MTWNOM>RRQE5A=6T!I<\5N]-U;G>IM9^D6WU3ZXTXV6&W8MU>+;^EQ;L:T>J_
MT;S4_P!>AYVUMWXUC?9^DLJ_0?X3>K_UL=5F?5W&S:WBUN5E8;G6-T#]S^=K
M=K-[/?6[V?UTTF@Q1&2XW(ZR KT_+_BO-9?U)]-M;\2W)RV/)W.%36AK1INU
M_.<_\S^NLW+^KU^(UUEHM%/IOL8]S-I.QL_G_P O^=73]7Z:QM=/KN:SI[+B
M<K>2-P(V8M3W;J]M+[G;+G^I^XJ+>FU5=+ZQD4- P;*WV8;07%NUM6KJ_4]W
MI>K_ #?OV6;/9^B6=BYN1A$G(960+(A1)GP\-QX?UGZ?!_FW3GRX$B!$"A>Y
M_=XO\5Y1M!?4+6O8&[FL.Z1#W1[0T;G.V[O[:N=5Z-;TZUU;MS@TD"QVT->
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M8XLC^U_M22Z;\2AHEKM_,B0(\-OZ1^]0]"L< _>50]=W^E/^=_M2]=W^E/\
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MW_R*9_U<PMI(QJM!_HV?^178[^C?]R&)B_HL?TBM)3>;]5OJNX!PZ/@P1/\
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M "  4 !H &\ = !O ', : !O '     3 $$ 9 !O &( 90 @ %  : !O '0
M;P!S &@ ;P!P "  0P!3 #8    ! #A"24T$(@     !?DU- "H    (  P!
M   #     0>    ! 0 #     00X   ! @ #     P   )X!!@ #     0 "
M   !$@ #     0 !   !%0 #     0 #   !&@ %     0   *0!&P %
M 0   *P!*  #     0 "   !,0 "    '@   +0!,@ "    %    -*':0 $
M     0   .@   $@  @ "  ( #T)    )Q  /0D    G$$%D;V)E(%!H;W1O
M<VAO<"!#4S8@*%=I;F1O=W,I #(P,3<Z,3(Z,3,@,3,Z,3@Z-3      !)
M  <    $,#(R,: !  ,    !__\  * "  0    !   $MJ #  0    !   #
MF0         & 0,  P    $ !@   1H !0    $   %N 1L !0    $   %V
M 2@  P    $  @   @$ !     $   %^ @( !     $              $@
M   !    2     $X0DE- _T       @          /_A 8!-30 J    "  ,
M 0   P    $'@    0$  P    $$.    0(  P    ,   "> 08  P    $
M @   1(  P    $      14  P    $  P   1H !0    $   "D 1L !0
M  $   "L 2@  P    $  @   3$  @   !X   "T 3(  @   !0   #2AVD
M!     $   #H   !(  (  @ "    \     !   #P     %!9&]B92!0:&]T
M;W-H;W @0U,V("A7:6YD;W=S*0 R,#$W.C$R.C$S(#$S.C$X.C4P      20
M   '    !# R,C&@ 0 #     ?__  "@ @ $     0  !+:@ P $     0
M YD         !@$#  ,    !  8   $:  4    !   !;@$;  4    !   !
M=@$H  ,    !  (   (!  0    !   !?@("  0    !              /
M     0   \     !_^%"P6AT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\
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M 0$! 0$!_\  $0@ W0$A P$1  (1 0,1 ?_$ !\   $#! ,!
M   &!P@!!0D* @,$"__$ '<0  $$ 0$$! 4*# P.#0@+  ,! @0%!@< "!$2
M$Q0A,0D5%D%1%R)787&1E]/5\!@C-%-45H&3E:&QU!DD,C,X6'>VP='2X0H:
M)35"8W)S@Y28HK+6)R@W0T9'4E5G=+/7\28I-EF$A9*C1$5B9&5U=I;"P\7_
MQ  = 0$   <! 0               0(#!08'" 0)_\0 51$  0,# @,$!P4$
M! <-"0$  0 " P0%$1(A!C%!!Q-1810B<8&1H? ((S*QT17!X?$7)$)2%A@S
M56*4U"4T-39#5G)T=96RL]4F-U-4DI.BM,/3_]H # ,!  (1 Q$ /P##QX:/
MPRN]MOA;WFMN%XOK)J)ICNU:5ZDY?IQIAI7@.576&TUK48/?S\<9F^<"Q^;
M+E.594>N+?/\>FL(V- G!I*5@ PS29I%A@]7[7=?^.O5SX2<R^6O>_@V(CU?
MM=_9KU;[_9(S+Y:^?HV(CU?M=_9KU<^$C,OEG8B/5]UV]FS5SX2,R^6?R;$1
MZOVNWLUZN?"1F7F_]]>WL1'J^Z[^S7JY\).9_+6Q$>K[KO[->KGPDYE\M?/W
M-B*OJ_:[^S7JW\)&9?+/;L14]7[7?V:]7.S_ *2,R_'_ %:[>[S[$1ZONN_L
MV:N?"3F7RUL1'J^Z[^S7JY\)&9?+6Q$>K[KM[->KGPDYE\M;$1ZOVNWLUZN>
M;_C)S+W/^>MB(]7[7?V:]7/A(S+Y9V(CU?M=O9LU<^$G,OEK8B/5]UW]FO5S
MX2<R^6OXMB+DS7W717M0FMNKS1J]O.YFHV8O>UBJG.YC%O!H]R-XJUCB#:Y4
M1%>Q%YD(K7;;Q6N\.8\$+6_5P\9$XC+(U"S()2-YG-1[A,R K1\R-1>7G<J<
M>*KQ1$0B]<;>!UX* 9'ZUZM\SVHJHFI&9HB+Q7NXW2JGH[_-L1=_J^Z[^S7J
MY\).9?+7O_E\^Q$>K[KO[->KGPDYE\M;$1ZONN_LUZN?"3F?RSL1'J_:[^S7
MJYV?])&9?+/M_=\^Q$>K[KM[->KGPDYG\M;$1ZONN_LUZN?"3F?RUQV(CU?M
M=_9KU<^$G,D__P!K8B/5^UW]FO5SX2,R^6=B(]7W7?V:]7/A(S/Y:V(CU?==
M_9KU<^$G,OEK8B/5]UV]FO5SX2<R^6MB(]7W7?V:]7/A)S/Y:V(CU?==O9KU
M<^$G,OEK8B/5]UW]FO5S[FI.9_+*;$1ZONNWLUZN?"3F?RUL13?W$_"Y;[FX
M;K/BFING^N6I.5X=!O*^1J!HWF^;9%D^G6H^-))'XZI;7'[R?80*VVF5_3@J
MLLJX\7(**6X4J%-Z-IHT@B^F/^C5;FW_ #CF'X%9\?L1?)OWF_V26\)^[AJQ
M^_V_V(D!AN%76<SWU./5UE;VJ1YLL==4P#6$PL2LKIEO9R61@(XJB@5D"9.D
MO1JH*+',9ZHP;EVIS30T\9EGD9#&'-:9)7!D8+W-8T%Q!W+G-:/,A>ZWVRX7
M>I%%:Z.IKZMT51.VFI()*B<PTE-/65,@BB#GEL-+333R.QI9%#(XG8 KS)M!
M=1<,K77&68?F&.53?)AJV-UC=C6P4?FN+LS7$&=9E"&'GR/$WMR*H9SH^=3K
MUX+7!XNVM]!?;)=)#%;+K;Z^0.N#-%)6T]0X/M-<ZUW)I$3W$NH;DQ]#5 #[
MBJ:Z!YUM=CQU##253**I!IZN2ECK8Z68&.H?1S-9)%4B)^F3N7LF@(>&%A,C
M?6];#4 3%2",X!3&&9C%>\3HZ(]C4%TSN=O2JYCF#XN(QR(\2M<TC6N:Y$NB
ME61+<^\#YOW;^6'6.H&[!H^W/<0K<@L<6+<V.?:88,*3?5$&MLK6!7QLZS7'
M)UCU"%<5Q3RH<4L-7'*$,@IX%D*(13)_I8+PRG[5^L^';=W_ .]?8B/Z6"\,
MI^U?K/AUW=_^]?8B/Z6"\,I^U?K/AUW=_P#O7V(L=>^;X-K>R\'[D^'XCO7Z
M:FTSM\_J+.\PY\?)L'S6JO8-).%6W;(US@F3Y+5AGU$R3#'954R7&LH@Y\"2
M6(D:=%,4BACY/#^RW_>4]_\ 7?Y_Q;$5?)X?V8[[PGQGY?XMB(\GA\>V6_[R
MG#_M./\ !L1'D\+[+?\ >4^,^?F7S[$1Y/#^RW^?_>6_&(GS].Q%3R>']EO]
MWH$^,[_Q;$5?)X?V6_[RWXWY^WL14\GA_9;_ +PGQNQ%7R>']EN^\I\;QV(N
MDF*Q"KS$-SN1J(BN"B]G%>Q$Z5/2OH]M5[-B+L;C81M1C)3FM;V(U )V>U^N
M=G?Z?XMB+EY/#X\.MO\ 1^LI\;L1'D\-%^JWK[@6_&[$5/)X?V8]/\ GQGW=
MB(\GA_9;N_ZPGO\ Z[L1'D\/[+?[G0IQ_P"UX;$5?)X?V8[[PGQG#WON;$1Y
M/#^S'?>$^,V(CR>']F.^\)\9Q_\ 'W>!%3R>']EO^\I\;L1'D\/[+?\ >4_@
M+L15\GA_9;U_P">_^N?=7Y\"+V^1DKQ=XV19*UJ2U@K,2,BA26@FF4*NZ7L<
M@GL<J_J45[&J[F<UNQ%ZY> 6,&NK[27T@H-HU7PI"+$*A&IS<.D$&60\52-:
MYX6RQ <=C7$"A&->K60.><^S;;S16E<<8G;UMWWE/C-B+S6M :KC"D%ZPWIN
MA>%#QG 0P#->X9Q*]?I@G<GK2-16.1>QWI(D]L1;;&Q%K+[S?[)/>#_=PU8_
M?[?[$2;P"IGSQ2#P9D.&Y]Y1X^A95@.M1DC(H]PP)32SN%'C5K!5\D=E,D2
M@C#,)3JH2$5DATO>V%S0=8+QK:"SU',V.=LY<T^0!.1A2LK'4U5%'$Z>.:2"
MJE;)"YT>(XC3P3,$L;VO:^5E:&- R'L[QARUS@7XS31C4S%J&[N[Z\TTL:BC
M6".<VAW@]#\TLS##)!CE4^MQ;&M2;K*+<(&'$")XLHY;H%+TLU[(U/%DR FQ
M0L]9D4<9+I798Q@.J>3O9B[2W5F67,LIR.\D/>/U/.HSNP]PD=ZSPSNQ([#G
MB,!H;&''U@P-CC&D'3AC3I&D)AG$>Y>+GN<O(P?%SE5>C&QHV,XJJKR,&UHV
M-[FC:UB(C41$G4%)/1/?+WMMVRGFX]N^[R^N>BV/V-K(O)M'ICJCF.%U$B[E
MPX5?-N'UE#;P8:6DZOKJV#.L&A;*FPZVNBRC&! B,"3'U[4^7Z+-X3__ -8+
MOB?Y0VJ'H_\ U+^+^'8H8]OQ/ZJYQ_"M>$Z(%CW>$'WR$5W'BB;P^IW#L<J>
M?(E7S>E=B8]OQ/ZKN_15O"<?^L(WR?\ *(U._P!8MB8]OQ*C'K=O!Z_;R]]4
MY1O#ZXZMZX9%0UCZ6BN=5L_R3/+&EJ"2B32UE1)R2?8DK8)IA22SQ82@":2]
MQRL>7U^Q13*]0#Z7^^S^1L1'4 >E_OL_D;$1U 'I?[[?Y&Q$=0!Z2>GO;VK_
M /!_-L1'4 >DGOM_D?\ AYMB*G4 >DGOM_@9\_N)L1'4 >DGOL_D?B[O:V(C
MJ ?^43WV=O\ F?-%V(JI7!5>"*157LX(K5]Y.39_/X)_$_ 9/P )/DJ^+A?V
MW_-3\C/N=O\ 'M'2? _ J.#X'X%'BX2=OTWW?6]G^9V>G^9$X,'P/P\=OSV3
M!\#X*G4 >E_OM_D;04$=0#Z7^^S^1L1'4 ^E_P#F?R-B(Z@'TO\ \S^1L14Z
M@'TD]]G\CY^?8BKU 'I?[[/Y&Q$=0#Z2>^W^1\_/L1'4 ^DGOM_D?C[_ $;$
M1U 'I)[[?Y'M[$5.H ])/?9_(_&FQ$H\2PL&7Y#$Q]<JQ/#DEQ+:4E[G-N^D
MQX9:VMD3P0#V0H<OJ\JW. =76J<+8JV,N*DR3"B=-*"1/C,W7,FB.;4-UUW7
MI<<MJ(8A1=Y/3-U:]I,?L,@-<E*^]9!B@BP8,2O,DIXK,E[;U^-0X4J\%:5]
M<1)G431"[PO#FY*;6+17/:RNG@@CI<$U6K<LN8C)L:K0$T-$UH9 (L@ACP4$
MHPV3!X[829%>&J! F2B*//,J]G'Y_<V(K1>JJUZ(JJJ-D":U%7BC6\#N7E3N
M:BN<JJB=G,YR][MB)&;$6VQL1:R^\W^R2WA/W<-6/W^W^Q$@<2,,!"%/';,C
MBEPBGB$(40Y0F/>I(SR@>,XFG9S#4@2,*-'*X;VO1KD)O@C/,8\OA]=.H:0Y
M64W6)6PXJ8WA*XF41)#Y)$R2TO62AD(YPPH.Q&B@;%YNB&]A'/>)C>G4IN<Q
M"?E_#?Y_N2,[OX/XU_@[$]/ND5-B(^[\_P >Q%?X?U,+W'?Z2[$7*4JI&D*U
M51R ,J*BJBHJ#<J*BIVHJ=Z*G=W[$7U^<(\';X/R5A>(2I6XWN?R94C%Z"1)
MD'W:M&S&.<U3$(8Q2DPQSRE*1SGD(]SGO>YSG*JJJ[3;8SI/3Q Y>/F?DI-+
MST=@]=_'GCV=-OW)4?H<O@]?VBNYS_DSZ,)^7"]A'7'MYXS\.8\SX<TTO']E
MY]YSS\L\]N7GRYD_0Y?!Z_M%=SG_ "9]%_\ 4O:&#X'X';Z^O.8-=X.Q[\_E
MT(VST)R,KI/X.OP>@ &.[<2W/7M"(A7,#NQZ,E*]!L5ZM$)F%<Y2.1.#&,15
M>Y4:WM7:.-N1^!\O=OSY[#/DI=+_ /2Q[<8_EUV"Q#^#9U(\&WX0S/M6<'A>
M"\W+]/O(:@J\ZQJ?3:5:0:B2)&%7-L2FKX6JT FA>$!THU0?*8]7Z?1['.1<
M:W)Q,R1RXX0EA ;]/A[?KH?9E3NC<,8U9Y^T'P&>7@<CS/)9??T.;P>O[17<
MZ_R9M&/]2MHX\B/ ;_G]=5+I=RP[S.=\^&,GIOMOA5_0Y?!Z_M%=SG_)GT8_
MU+VCC_1_\7+W9]V/+/FTOYX=TZ9Z>9'OSUWYG I^AS>#U_:*[G7^3/HQ_J5L
MP,<C[0#N/?MD\_#WJ&A_0.'M)V_>?U\0J_H<O@]?VBNYS_DSZ,?ZE[2X\CS\
M-\>SZZ<E$-?U!^+NGT/+RRF2U]W%-PC$<$>^FW'MT"%975E'IPSHV[5HT.1$
M$4$J7), K,,:X97 B.CL*Q4(+IU*-6D8U[=(?:"XQN'!W +Y+1/-17*]7*FL
M\-; YS*BD@EBGJ*N>GD!#XIS!3N@9)$X2Q&8R1N:]C7MV#V9V&"]\2L;71B:
MCH*:2OD@D&ID[F210Q1O:=GL;),V5S7#3((]#AAQ"@DNY-N9]O\ M2-V7O3B
MJZ#Z6^UQ_P""_%>]/-M\_OZ0^/QL>-^+<C8_^T5WY_ZVNFAPKPT ,\/V4G R
M?V91;G_[*O6.[G.Y?2WE5:GW/=UNPC0Y82RX$W=^TGEQ9D57(R5'+'D8F0+^
MDCN*T;G-XB(K"C<U[&N2_P#"_:QQQ9.(+3=:GBKB"Y4M'7025=NN%XKZRDK*
M,O#*J"6"JGEA<9('R-C>6ZH9-$["'1@BUWK@GAZX6RMI(;/;:2::FE$%32T-
M/!/!4-:7P2LEAB;(-,K6:VAP$C-3'9:YP+F;^M%X*+</TNBY=F&XAN<Y+GN6
M.L(6F>F\7=UT3KI^53Z\#)$Z?83RX/(;18K1A,&3?7YHQQ00/;P$Y.F+'^IC
M9&N8'9R",M.",M(!&0>I!!QR /PX\$+BXC)&Y!]8G3I<6G?D>1/O YK4 RWP
MQ." U",M'X-[P6,?"W2CQXL+Z#G#9D,"L=RA',MG\]Q,:]K'(^>"-7#<9'(*
MO08W-;#6?+Y_JJW<,\7^'/'AO_'KOTRMIG<?U,\#;O6;K.6[P>8[H&X?I58Z
M,4(+77^HL-WG2,5+AD<X"E@9)3S+7 8EA:XQD?5S1Z5!QCV3;T,K%N2?9 BR
M+*=K@0<XS[<?S7G=&YKL>L<\N>_Y$=!RY_!:YW]$,YYN96.=[KNGFYQI/NU8
M/ISD>DF/:XS,NT:TFTZP6TS#U3G2R8R"ZM<:QRIM"5M/BT"OGQZF1(&(%ADE
MD&TAK8UPF0Y7NWP.6W7?XC]%Z(8O5<7 DAQ!R-@.7+S/(Y]BQP;J^<[NFC]G
M%S74>@T?RMV-VV.Y-&Q_.<*Q+-ZVZ/16 YDS';2FGP;19E/?@&6KLXRPS,?&
MD<5&A5:\4C7$$EVH@<@#S\ADX!/($[ G?D2IW1@@8: =\\L\B<#Q/0>S?SWC
M!99X%6RG:&5V/;F>Z9=R-XO"_+C2^0+=;T3CU5G7/@T\^)#G6!<3<ZKL[-EN
M^+4@G1 AL[.HMJF)(?: ##DZFN_:]0T-+Q95VWAZ_7N+@FLAH;_)#3PT4-/-
M*9Q)W3JR=E1/'2=RQ]6^&DD,4%535#6R0.=(S*:'@BIJ)[-3U5TMU#+?HG3V
M]DD\D\CXV@$"1M/&]D9ER6PDR^M*TQN#3@%^8.AG@SBO8VP\'CNK0F.7@I(^
M[5H1.Y/-S.8_$X+E:G>Y&<[T3]2Q5[-M;47VL.$)9&LK^'.(*)A(!E@=;J]L
M>2!J>WTRCD( R2(VO(Z:]@<LG[%[\UKG4USMT[L9:R3TJG)QOIU=U.W41_>(
M;D[N'5\L1W(_!EYL%Q<>W+-S&803&N/#?NS:-1I\?CP15-"D82.2UB.7DZ9!
MN ]W8(KT[=MZ\']H7"/'$#IN'KS2ULD; ^:A<74]RIVNZST$XBJ&L#O5$K6/
MA>=F2O\ Q+75[X9O?#\W<W2AGI]3B(YMI*:4#/\ DJB-TD;S@9():YO5H(PL
M*/\ 1'>YYNCZ,>#%S7.='=UW=VTIS6-JUI!7QLOTWT5TWP?*(]?8Y*\-A"!?
M8SC59:AAS@IT4R.R6T,D2=&9A&=FV:D?#V''S5B <,9!QY^P]<X\.@S[E\\;
M:"F7F)$DSY,2'#&I))W$0;$<C>/!K5>JN<J-:UK$<YSG*B(U%]Q2)>X)A-+/
MR>90Y\7.8,3Q%)FPI. 4^.Y-:"FI,A CRC5.1Y7AL*?6#:62DF.&^@SU.D?D
M<..AS#(GD71S1$CXRAR7>G?$LJWK,&6W=ZTWD'#+Z<:! ^N%O+(R8.;'(-"-
M)9U$^LF$ 'Q?9I(%Q(FAU%TVCX])6;A'JD7N(#JPV![[.\"IL$FC=*ERNJ-2
MLQW4+4NM6.2K\6R"E=D3)46U-;4Y8/+3>,9Q$S.4^*O$M=U$MD2<I>-LV:*,
MR(PW!ZQ_%I G*8@E&I$-UH87H]K%8BHY6L(F[V(MMC8BUE]YO]DEO"?NX:L?
MO]O]B) 8@WGD\BEC!YYD%G2S>9(0^8CFJ^7RL([JK>UQ^#'KT2.X-=V(H;[)
MG&_ANG^R,!,=KHUB1-&[MBRYM*L;&YL.TGN*0<2<ZQD0(LH4AD,8@LAP[)HQ
MQ!DDRXXTZ\XZBCN!CQR?9S;\P.7[T(WZ],^!) /Q'C[/--9;63;:5UI*ZLK/
M6.9U:HB=3B>N.<Z/Z)2E]>WIT U>;LCA /O'Q6"*V?/N^?'[O#8BIL17^']3
M"]QW^D[8BK+^I9/_ %<W_9NV(OMB8",:8+A2.XH[R1QM>'%>'!:>%V\>[[O'
M:)<=AOY;?OQS'QPFMW]G?&V!N?@ ?+!/FE@@&KW(OO[1U.\?D%#O'CF1U\.8
M/3G\\=<X5>KM]"^_\_?V:G>/R"AWKO$<L]#TY >WI_-=1PD& SP Z<S!$>$"
ME:)#%:Q5&)2JCD&A'HC.D5KD9QYE:J)PV:G>/R'Z)WKMAD;\]AC?]/GY+ UI
MEX2^5IWDNKL_5'<5TVW4L/QG>R@;NVN>H]/KA0Y9+M-9IVFM+K'?V;Z#2_05
MUWGUI!TUR$%\&YM3PHMS,!/HWY#"GM V5+G?/A\NOL509YZLDC.S3R)P/+F.
MFW+'@IMZ">%+W'-YC5&@T:T?U3RBYU"REEJ[':C(]$]=M.X-N2JPJNU+ZG"R
M'4737%<<+96NFEM U(QVL\;)89'@,D67TD:?1%'.?-K/C^2@72#<^_E[/TY
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MBA(C7C>W^R:YO%5[^].'S#K*&MM]5445=2U%)64LKH:FEJ(GQ5$$K?Q1S1/
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M:.V^?#GX;C?KL.NQ)&P )!#^'YC/RSC8[].H^L]CVN.J1<9Q=H\KD1AQ\>I
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M87"QS73,=0ZYUUCNCN(2\AMH3XX4L;FHJI659+#B!83@CFW%4:C@,0I'%CE
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MQ,CJG2O*1H2)L]B+;8V(M9?><_9);PG[N&K'[_+_ &(D'AP^EEM%U,EATLZ
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MWH^'O:C'&K21XC(YZ>,4$*3$BP7283X;Q./X&WVVN&1)48[PQ;T%>/O&@$@
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M[%+*6NDEAJ99'-Q@ODKZI[B2T %Q<3K(_$_4<G.3I#C:-D7%%VCC&(XY*=C
M23ZC:.G:W&>FD#3TQC&V$JI^:5472G!HV-TF(1KS*,:E0;MN2TF-VMA/\G)6
M0!D73+S(HCVUL5JTHTC@!*&H7D>%@U+.^G9>&%TLKC))ANAH8)'-9ZS<G+6D
M ^\=2M9-IOVA<;S'-57".."6CB@925]71MC:^B@F>=--+$"]\KW.+WZCR:"!
MLLW^EM-I'KENF;OF):N2*+.WZ=XU-P6MH<5MR=4QBWF4]$6>,\.#)$B6(2HS
MKUA#+/K%D54>T:]*F4RO%7^?F=S[<^/FLA:T,#6 N(#0!J<7.P!@$EQ+G$]7
M'))YE8E-;]#V87C57)IVQ<CQ,N39K0TV=T:29]+<BHAX]$+5K<%$WIY6/Y S
M)Z8+S*CK"+7)8UCI-,6OD/IM)[R09R &$#.0,ZOAG&59Z62;]NWBG=+*^!M#
M9JF*%[RZ.*2>2[PS.A:?\F)12PZVC8NCU8R3E]/!(0JA=<,J'D5A:4^/LK:*
M!>6=/(D1+&%62K29'F/ >)%FRVHX37",R+%/(,)SPA9TCVN;K+M2N=';+=:7
MU\KX:4W+OIGQEP?W5/'][IT,D<2&S;AK''3J(&0"-L< TE1555T;21LDJ/0!
M'$V0-+3))*"T'4]@&=!TDG >&9VV.<&DTFW2\!@P=1\HW@LMKZNK',FV[;O%
MRR_(J!!1*V3:WLJ=8B#%;.:L@T,,)\P[49&.V,3DB09F%<:\2\/\1VVFX?MU
M7Z.[B)\5/Z)9+2):FHC95TU0V*6*#NM39XA(<G6UC)I).[>TEIRNQ6V\VJIF
MNE51LJ!:1WK:FY7$1PQ2/ADBU-?*Z0#2_1JW;E[6MV&XCYCV\OX/36G4*=BE
M!J3JP;*:G$XK:3(K&B?B6'Y)90[O+SV;.E9C^7WU3%"-N$S"H"F-)'2SLE/5
MS;VXK:^NF73A#@V;A"S/HKG1QU]NJJB&L[IKGRU9KJBD?#4MKH*>,@4\<5+2
MB-D-36!LDE8)'/:V!\_DO'$AOU>V:@E]&JHXY(3(2UL0I8)(3!Z+-4/83('N
MG>7RLI"YIATM $G<NGJIBVZ1DV!A!ISG6<9!F4>L8M('(KB&2REV*6L=A4D5
M]=BP(TR(;'H]G*N>LW-26IL@0W4;\I@NF*RX6ZXT7"==?ZZCMETM]+*ZD=,)
M[;406Z.3,;&-IIW4[(<--0QK]=07Q22MC#72&0149:.NOL%LI*FJM\\L?I U
M0UD,M4]K6'+IV]\92YSHG/!; -8;J(C:-1QY>"NTL;E\G>TL;"_R"BQ?%=4-
M$ZG.'8[&D%MC8?>Y7J7'R!T P>88+&-65DI\04P9(<GG)TC2*)H#XUVQ7^DH
M[SV>>EM?W%TBOTTM1%(ULD4#8K'WQ8W2YTH?%4O(#0<N9&WD<'R<%V^2:FXF
M$!;WU)+0"**4.<U\FJO#=>D @"1C079: "<N&"Y99=<:;=(T^T[P/,]0<SU*
MJ-),,EU=?/$[#GPWK-O8,E;>HJI@8ESY1YID]U4UI8=;5.D^)J8=]<64N=&B
MEEPM=</4EGNEQ?3V.X5=QO\ <BR>>DG#:2.FIJ6-^J2IJV,JO1Z)DTT;I)F=
MXZ&)SXJ:.LKQ!!/DMPJ+C24VNX4=/!0TV61RQDSF6224$"&',?>3&%KQH?I#
MW-9J]';K+)*3=Z;=[WE<?K]+,&RW7/1G'JG':4-+@V:Z666/7=WA@H,:-49%
M ,VS2LRFC&-@HDB-+FQB,& )DHTFR)OB/#F]FW#W#%147VZ7V&XR3UM6)IK>
M8KK'37"::626D-2UD!C?!E^J9U+3/JQHJ8FQ.D?2PWD<2W6YQP4--0.@;'#$
MYHF<ZE+X6!H,H9EXU2-((#9I(V.+XRYY8'OBOJ)H_I?BMO-I,0U5S&0+(LD8
MU*6SQ\4*.3'" CSXUG;28AF5[;&/9F!71Q2J..$CZ^7:!?&BO!'2[W&NL;Z1
MM;9C-<74]4Z"%M7"V&6.G;3ZG2]YB*<R%TAIW,:P1GNY7ZVY$:H4;+F)Q#<(
MX:8.C9(]T,I+>^<['=G#G-)T-[PN[US@'-:=RY8TO!)YY=8AH5KC7XR1P[VZ
MU.C!4S'JWJU<S%:]IR(WE>,Q2D5B1Q'$6/Q$4A6.Z%C']XT[ON0!S]4]/5!8
MSEM@> V6Q?LWUCZ?A;B>.&*.2I??J62)\C6N[CNZ'#I8P6.:V8-?]UJ#?Q'!
MS@&=]]H=H9J308[<YGG6L!=1YLC(6YA'B8K$RX'3N.4V+1:&78WE4@FCK*V4
MZ^FVUA!@!DW%6V Y\>MGH25[79)&3GQ<<GX?#\\=<GXCMG%U?7USZ>TQ7:-S
MJ=M$9*Y\=:7-C<:MLQE:Z*-O>D&E^];"(H9'32-=-$UGCT,#N\.MH6G>6ZC:
MJ!DETZH1VE'DE2:TLL+U/B6;H^3 H#<DF':8%+A%=-JHL&>Z#'*)X0W#[><^
M,LL;GZBT^0P>F/#RQS('@K3::[C*&LFM$5-3UH965)@HKA4_?1T4<,WH[&2R
MS/;'$][#$Z2F=5P=\6"%@&H% ZL:5@?79\_#W3)PX=+EZUTET-8DF=4 @6'0
MS)47G(R*R3#&.1*"\SV1%54>7Z6TBUC'G):"#C);C<<\[CF!CRQGD%G5UL]5
M+9JV?N&P5HL]7+4PPN[UL,GH#WU$;)=#>]CA<YS>\T ' QR)6J(^?*K)D*=$
M>C#@4BL5S4<U4<QC'->U>]KV.5KD[%X*O!47@J>)?.M*&GS CKF?9W)H3%?0
MS*\ SXU2Y+%5_2@D@CI69!%G1&.*8/%TY.BF#;S!;+" QEV(E.3+,5FAE5\J
M]+&@&9."P\70C3#QD@9KCG<X4N/DD"7!*PYG)$ZI-1U8WD=7G$T(!"(FFLQU
M8ICV4\R?.@(P*CDV5>"KEN(X+'2&/AQK.W"Q@CJ00B-G$4XF,.\<=Q% ,B;?
M./J2#[<@G_9]_P _/L1)RI^I?\*_\C=B+;KV(M9?>;_9);PG[N&K'[_;_8B;
M?'OUN9[3@?D)L1*'Y]GN?/C[Z[$5/G^3Y^WW[$5?Y_XOY^_^<B.ST?C^:>_[
M^Q%E7\#!7 MO"/[L-?("AQR)VJ"=&O=TH]%M2C1R>?\ 69 Q&1.Y5&C55$7B
MGCKW%E'.X<PT#XN:#\BL<XMA%1P[<X2,A\<&W^DVJ@<T\CR<&G'7ED96Y/OJ
M;YF/;I>*29I<'E:MW>+8/,U%RO&1WM9CGD_I=%RO'\#=>3Y4^'8SYQKC+<HK
M:JI@UM%=E/"A9);34BU]!)(6P4=*^IUN#NZ:TCUAS+]CL-NA];<D'&ZUG8.$
MY^( 7/J8XJ>F=Z.Z6HI^]+W'=T(C#HL^H,E[R6X+06G5ZN,'!/"3;A.N8-(-
M1,QRRVT)S;#-5KW(<=TCL[9;QM1?U^..J8&:MMCX+9X?<U,:'EH;S$J_)*F
M>;FN-'I8M5D@J7H;6\4L4L<SA+AS1$-,^P>7?W7-R?#?',=5F'"O!M3PI?:W
MN )[55T0;W@#&"&=L\,@8V)Q<_3ZC\M:YPTAAU[Z5G_TZ._4+3JIL;JPNL[K
M\FI!3JX^7OP\-M*$+GC0;J ["<;QNDA1[H<<60BBQ*UZ5LBU+#C26P@@C!M5
MSF'I0T$@Q-;&7M/,XR[5[,\L85@XR?#<+K-3F.&JBBHV4SH]30?2&232/+7
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MV:)@)!)<;I_L(>Z3LFX/E=-)4/FI;C.^:5P<][Y[U<I7Y(#1AKGEK   &!H
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MPM$5K9"->@"$2GL,@PR9"?5>/&>+GMB0TDQ]!]-*Z]9!!*C*I67<&\C6K9S
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M)*8,*A>5L83^-BXIC.B2>LQ D3?:@VI#TPX<"QLWU+NN&/ G:@TF8L2:..
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M3'LZ=/#?Z\$+X/?)5[]=*#X!L9]'#[;-G>O\?D!^6$W\1\/XH_0]LD]G.@^
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LP8#8L"<^'N4 ,=<^WFGGV@HHV(C8B-B(V(C8B-B(V(C8B-B(V(C8B-B+_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>g494294g07o15.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g07o15.jpg
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M 0$! 0$! 0$!_\  $0@ D@$+ P$1  (1 0,1 ?_$ !X  0 !! ,! 0
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M5.]UITB-U*QVQMX4*@LB8BL=H;EUJ\WPY%:!9IICA12/R$]/]8HM8B$D=Y0
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ME* 'BNDWF\#_ #C-.GJM5'5VZ*O+#*^1FZU:=WIXZ\9SJ:[_ $C&,=GE4/\
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M=#701X:^9S6Z8QU(&23DJ)GT3,R_L2,_Z)7Y4K!.D#LMW7O_ .]MW]O6(?C
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M@US21APS15%XM%O>(:^ZVVAF<T2MBK*ZEII71N+FMD;'-*QY87,>T/ TES'
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MQM$;.P[>/&FI5J[SR;,6F+ .SCC')]4/N#.=*>&"-\,T,TKM1<)(]W+3QP2
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M*^[-CK'9*W9ZBJ:RSVNKJ'NJ@^>IM])/,\,JYF,#I987O=I8UK6Y<=+0&C
M"TAMG;Z"?:&MEGH:.:5S*35)+30R2.TTL+1E[V%QPT #)X  #@%AJ^?3N/\
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E;U+6M]JUJ(G2W6U^ENMNMK7^W;KTZ]+_ -_2W7_"U$7-$7__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>g494294g11v85.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g11v85.jpg
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M 0$! 0$! 0$! ?_  !$( >\!G@,!$0 "$0$#$0'_Q  >  $!  ,! 0$! 0$
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MRO:D\'6Z-G8R;_'ALMZ90.<KVI/!UNC9V,F_QX;+>F4#G*]J3P=;HV=C)O\
M'ALMZ90.<KVI/!UNC9V,F_QX;+>F4#G*]J3P=;HV=C)O\>&RWIE YRO:D\'6
MZ-G8R;_'ALMZ90.<KVI/!UNC9V,F_P >&RWIE YRO:D\'6Z-G8R;_'ALMZ90
M.<KVI/!UNC9V,F_QX;+>F4#G*]J3P=;HV=C)O\>&RWIE YRO:D\'6Z-G8R;_
M !X;+>F4#G*]J3P=;HV=C)O\>&RWIE YRO:D\'6Z-G8R;_'ALMZ90.<KVI/!
MUNC9V,F_QX;+>F4#G*]J3P=;HV=C)O\ 'ALMZ90.<KVI/!UNC9V,F_QX;+>F
M4#G*]J3P=;HV=C)O\>&RWIE YRO:D\'6Z-G8R;_'ALMZ90.<KVI/!UNC9V,F
M_P >&RWIE YRO:D\'6Z-G8R;_'ALMZ90.<KVI/!UNC9V,F_QX;+>F4#G*]J3
MP=;HV=C)O\>&RWIE YRO:D\'6Z-G8R;_ !X;+>F4#G*]J3P=;HV=C)O\>&RW
MIE YRO:D\'6Z-G8R;_'ALMZ90.<KVI><[^IW>CBF:7121IHWEG)VY:>3GW[]
ME,O8&E)C3"\_8Y7)ECE['/'CGULL><>?6];GCGC_   YRO:ED7J>KXG72WZ/
M6Q]X"V ;ROQ*NSRPLZ#F                 (EK_P!8PCO\&-]^^LW@O^.>
MO'EE;0$                                             #R7_ /,3
MU\TN/]&< CQZGJ^)UTM^CUL?> M@'3E?B5=GEA9T',                 1
M+7_K&$=_@QOOWUF\%_QSUX\LK: @
M             >2__F)Z^:7'^C. 1X]3U?$ZZ6_1ZV/O 6P#IROQ*NSRPLZ#
MF                 (EK_UC"._P8WW[ZS>"_P".>O'EE;0$
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M_P#S$]?-+C_1G (\>IZOB==+?H];'W@+8!TY7XE79Y86=!S
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M1W6RL;XT.K9(T;6V)G]6>>A<&(\]:O1M$CX))0J"9F\8Y\J9P_\ 5KX;K8-
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MY/U9RCE:9^3C_P XDEK\4IWL>/;BU!"8B8M;&)O%\-&Z=[H,&
M        \E__ #$]?-+C_1G (\>IZOB==+?H];'W@+8!TY7XE79Y86=!S
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M+R],O/\ ^V>SR*UH'9<B1+R/73.O#J8[)S#B5V!YADZ.B/7PF(=S@P
M    'DO_ .8GKYI<?Z,X!'CU/5\3KI;]'K8^\!; .G*_$J[/+"SH.8
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MJ[/+"SH.8                 B6O_6,([_!C??OK-X+_CGKQY96T!
M                                        \E__ #$]?-+C_1G (\>I
MZOB==+?H];'W@+8!TY7XE79Y86=!S                 $2U_ZQA'?X,;[]
M]9O!?\<]>/+*V@(
M'DO_ .8GKYI<?Z,X!'CU/5\3KI;]'K8^\!; .G*_$J[/+"SH.8
M       CSMGHCN%.M[8OO%J#LM45(RMJU/QU8>F:TJ@=+2(<F)1;CM:[DZ(\
M$LE8DJ,P]=E'DA&66!AY&+:N_P#/(M=QB45%41&3,7B]\)MHF-4ZWD=X/KD_
M*"Z=>1V\>D4&WHV)[_VG>#ZY/R@NG7D=O'I% O1L3W_M.\'UR?E!=.O([>/2
M*!>C8GO_ &G>#ZY/R@NG7D=O'I% O1L3W_M.\'UR?E!=.O([>/2*!>C8GO\
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M:EJM<J28I$\G*;S,351W)IR0P_'G' W'#$RNK*JFJUKVPSYHB'<0)
M                                  $3.O5^A]3WUZ=./M<;@71GJZE7
M@MF"
M           1,Z]7Z'U/?7ITX^UQN!=&>KJ5>"V8(
M                                               !$SKU?H?4]]>G
M3C[7&X%T9ZNI5X+9@@
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MCDQ([IS<QF;?
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M.SQF/L; V%)6EI0(TX9\
M                     B9UZOT/J>^O3IQ]KC<"Z,]74J\%LP0
M                                                         ")G
M7J_0^I[Z].G'VN-P+HSU=2KP6S!
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M-]^^LW@O^.>O'EE;0$
M   #R7_\Q/7S2X_T9P"/'J>KXG72WZ/6Q]X"V =.5^)5V>6%G0<P
M        !$M?^L81W^#&^_?6;P7_ !SUX\LK: @
M                        >2__ )B>OFEQ_HS@$>/4]7Q.NEOT>MC[P%L
MZ<K\2KL\L+.@Y@                "):_\ 6,([_!C??OK-X+_CGKQY96T!
M                                              \E_P#S$]?-+C_1
MG (\>IZOB==+?H];'W@+8!TY7XE79Y86=!S                 $2U_ZQA'
M?X,;[]]9O!?\<]>/+*V@(                .>>../7YY];CC_WSS_AP
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M,?869$G;6=D9&A&2WM30U-R,LE(@;6U G(1H424HI.E2DE$$%X%EXX\$O6
M             !Y+_P#F)Z^:7'^C. 1X]3U?$ZZ6_1ZV/O 6P#IROQ*NSRPL
MZ#F                 (EK_ -8PCO\ !C??OK-X+_CGKQY96T!
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M$J[/+"SH.8                 B6O\ UC"._P &-]^^LW@O^.>O'EE;0$
M           #!;0BJZ=5I8D(:W/EE<YE!9;%6YXX]GQRTKI"P.#0D<^.2^.3
M/70*%A:K_+XYS_RO_'CG+UN '(U/U1=T,K/6@FL7R#,$'KK4^"5 JHJP(V_I
ML"),D8HDBR>E<I87?+EJ40M!&$\;RBI\,=O=3NEX3\/D:S]8\\V\3>][S-[W
M_P":=?R8!6/3;BE;UYI=6Q4\5+(_JA,K<F[RD;8^0Q-%D*+C*GKE)(2F9.7%
MVXB-6D2R=YGMT*Q<GS N$1]IK]Q<'5J/<E2HV:KWWVCA:W3-HS]K&7?IOO:;
M6"FZ9BEMHS9]2=NU3:+%))/'WLN&R%DJ"62)]B%2/#-$Y4P29NAS0WR=PS:7
M9JDW#NAG1*:<]S'8<?DT6,K&_P"?.\9L,V9L5YTXLXJUJ3M"O;(J>N<ZXJ;8
M2KW:*QVF5*&),2J]Y%5$I56!4K&BG"4F/V WJ:P-:G*13$Z9</)<P?G?-O3D
MYF1M8+Q:8MGF)SZM$X>%NW!KFLM +@JR,ZA-4<O>%X/>J.JUVU*T/2^KW5W)
M>;[MENK]*FO<U OG>7*A4B5121*),C=U+@KDA4^G120]A-DB)1%A,QCA:\WC
M=&J,/RT/9>^G85+HY></=)2QQ2O=EMG:6V!N"I(LW.R^ KD=;NL(DMF,3!BN
M7M9[0Y;(RJ MKK:BY(B2MYB%T>$.3:\OJYYE[\,J<-T3'&_A?#TP=2:]4,_T
M[+MEY?)):SRQ?L!>JVUDW+9'%#(HCL>10>&5G"HFN6*7AT]U>8U!8!%V8HQ$
MG9VS$Q$J7)VPM6ZKS33)F]MT6_/SY- T#I=/Z)=;74))Q54D/>[2V.M.J[%?
MZQ>WNWXZOV'F<QL94P2.1O4Y<&9.T163R_-M7Y05EC.5@1ED9"'9.R."=:I<
M1,WX1'"+?//TWUL%A/3HD]2L]6,E46^SQ\JEM%[6UD@+NZ0MP<WXN[;F6,#]
M8.Q+BMPE*<GEREDQA<.E;ZW%IC7<Y4@=F]%($*!Z5X V:KYXSU7FV&&J-7Y>
M[.8AI//H')M=G:)VG#VAFUGTMG.KM:L9=>+CB6*3R_BOTZ:<M?!TMR3)T#0U
MU57S3PC5IW!Z5-K.\H\7=)C*W,PDR9O??-[\?5KB.ZU&+*^TUU1A$_=44KT#
ML"O':P[);JYE; T$I&O6J=5Z>BB+Y*.>6N1SJ;Q>["5?$E:WV8D-CRHD<AE:
M?!U09PU6;?/.UOWQ/3HW89G0$%I4R:;+1>_%K7E&ZJU]J-_I'6*&&DGICUBB
M>KHPJM>WER)1[%6C0+&B#0JN*U3.6&+GDR-T^E)GM[1/& [$S1;?_P#/&?D[
MB!@             \E__ #$]?-+C_1G (\>IZOB==+?H];'W@+8!TY7XE79Y
M86=!S                 $2U_ZQA'?X,;[]]9O!?\<]>/+*V@(
M                                    'DO_ .8GKYI<?Z,X!'CU/5\3
MKI;]'K8^\!; .G*_$J[/+"SH.8                 B6O\ UC"._P &-]^^
MLW@O^.>O'EE;0$                                             #
MR7_\Q/7S2X_T9P"/'J>KXG72WZ/6Q]X"V =.5^)5V>6%G0<P
M    !$M?^L81W^#&^_?6;P7_ !SUX\LK: @
M                    >2__ )B>OFEQ_HS@$>/4]7Q.NEOT>MC[P%L Z<K\
M2KL\L+.@Y@                #YZ;]V$HO6OU0)#YYL%;E>4O"W/I!.45;Y
M59<K9X>PK9*OW&,=43"F='M4C2'.JML9'A>G0X&\J#4C8N/PPY+3&Y8G2(F>
M3FT3/ZXS1?1*AOPL_3%[?>I7CUKWSZ"<BO9J[L^A\+/TQ>WWJ5X]:]\^@9%>
MS5W9]#X6?IB]OO4KQZU[Y] R*]FKNSZ'PL_3%[?>I7CUKWSZ!D5[-7=GT/A9
M^F+V^]2O'K7OGT#(KV:N[/H?"S],7M]ZE>/6O?/H&17LU=V?0^%GZ8O;[U*\
M>M>^?0,BO9J[L^A\+/TQ>WWJ5X]:]\^@9%>S5W9]#X6?IB]OO4KQZU[Y] R*
M]FKNSZ'PL_3%[?>I7CUKWSZ!D5[-7=GT/A9^F+V^]2O'K7OGT#(KV:N[/H?"
MS],7M]ZE>/6O?/H&17LU=V?0^%GZ8O;[U*\>M>^?0,BO9J[L^A\+/TQ>WWJ5
MX]:]\^@9%>S5W9]#X6?IB]OO4KQZU[Y] R*]FKNSZ'PL_3%[?>I7CUKWSZ!D
M5[-7=GT/A9^F+V^]2O'K7OGT#(KV:N[/H?"S],7M]ZE>/6O?/H&17LU=V?0^
M%GZ8O;[U*\>M>^?0,BO9J[L^A\+/TQ>WWJ5X]:]\^@9%>S5W9]#X6?IB]OO4
MKQZU[Y] R*]FKNSZ'PL_3%[?>I7CUKWSZ!D5[-7=GT/A9^F+V^]2O'K7OGT#
M(KV:N[/H?"S],7M]ZE>/6O?/H&17LU=V?0^%GZ8O;[U*\>M>^?0,BO9J[L^A
M\+/TQ>WWJ5X]:]\^@9%>S5W9]#X6?IB]OO4KQZU[Y] R*]FKNSZ'PL_3%[?>
MI7CUKWSZ!D5[-7=GT/A9^F+V^]2O'K7OGT#(KV:N[/H?"S],7M]ZE>/6O?/H
M&17LU=V?0^%GZ8O;[U*\>M>^?0,BO9J[L^A\+/TQ>WWJ5X]:]\^@9%>S5W9]
M#X6?IB]OO4KQZU[Y] R*]FKNSZ'PL_3%[?>I7CUKWSZ!D5[-7=GT/A9^F+V^
M]2O'K7OGT#(KV:N[/H\QZZL73).9W8DK?C4PPTUL7EE%X7G7V69AF:4W'###
M'A\YYRRRRYXQQXX_QYYYXXX R*]FKNSZ.?O4]7Q.NEOT>MC[P%L KE?B5=GE
MA9T',                 :7LC6_7>Y'E'([>H6E[4D+<V%LC>^V15L'G#RA
M9B52M<2THW23L3HN3-A2YP7K"T!!^"7!4M5J,2N#E)V>9MYC-,M>^\3TA[&^
MJOD\U'^$ +SKGC)[Q/2'L;ZJ^3S4?X0 O.N>,GO$](>QOJKY/-1_A "\ZYXR
M>\3TA[&^JOD\U'^$ +SKGC)[Q/2'L;ZJ^3S4?X0 O.N>,GO$](>QOJKY/-1_
MA "\ZYXR>\3TA[&^JOD\U'^$ +SKGC)[Q/2'L;ZJ^3S4?X0 O.N>,GO$](>Q
MOJKY/-1_A "\ZYXR>\3TA[&^JOD\U'^$ +SKGC)[Q/2'L;ZJ^3S4?X0 O.N>
M,GO$](>QOJKY/-1_A "\ZYXR>\3TA[&^JOD\U'^$ +SKGC)[Q/2'L;ZJ^3S4
M?X0 O.N>,GO$](>QOJKY/-1_A "\ZYXR>\3TA[&^JOD\U'^$ +SKGC)[Q/2'
ML;ZJ^3S4?X0 O.N>,HZ];O4W5>OM4:G>H%K1K]"'A;NGJ6P+':(4U7,:<E;$
M]6F@1O+*I7,T<1*CVEV1Y9)7-N--S1KTV61"HDTKGG$%T3-ZL9]RK3N6*]XG
MI#V-]5?)YJ/\( B\ZYXR>\3TA[&^JOD\U'^$ +SKGC)[Q/2'L;ZJ^3S4?X0
MO.N>,GO$](>QOJKY/-1_A "\ZYXR>\3TA[&^JOD\U'^$ +SKGC)[Q/2'L;ZJ
M^3S4?X0 O.N>,GO$](>QOJKY/-1_A "\ZYXR>\3TA[&^JOD\U'^$ +SKGC)[
MQ/2'L;ZJ^3S4?X0 O.N>,GO$](>QOJKY/-1_A "\ZYXR>\3TA[&^JOD\U'^$
M +SKGC)[Q/2'L;ZJ^3S4?X0 O.N>,GO$](>QOJKY/-1_A "\ZYXR>\3TA[&^
MJOD\U'^$ +SKGC)[Q/2'L;ZJ^3S4?X0 O.N>,GO$](>QOJKY/-1_A "\ZYXR
M>\3TA[&^JOD\U'^$ +SKGC)[Q/2'L;ZJ^3S4?X0 O.N>,N@X9"(97,9:X77L
M1C$#AS'@H+98G#&!JB\99RUBQ0XJRVMA9$B%K;\%3@L5KE&*1*3B>L5*%1O&
M1YYN>1C)P                                         !$SKU?H?4]
M]>G3C[7&X%T9ZNI5X+9@@
M                           $3.O5^A]3WUZ=./M<;@71GJZE7@MF"
M
M    1,Z]7Z'U/?7ITX^UQN!=&>KJ5>"V8(
M                                        !$SKU?H?4]]>G3C[7&X%
MT9ZNI5X+9@@
M                 $3.O5^A]3WUZ=./M<;@71GJZE7@MF"
M                                                      1,Z]7Z
M'U/?7ITX^UQN!=&>KJ5>"V8(
M                              !$SKU?H?4]]>G3C[7&X%T9ZNI5X+9@
M@                                         ?Q4*4Z0OVY4>2F*XRQ
MPY-4&X$E^RSRXQPQ]F9ECC[+/+GC''CU_7RRYXXXXYYY ?S[N1?MB7^8*_O
M.[D7[8E_F"O[P#NY%^V)?Y@K^\ [N1?MB7^8*_O .[D7[8E_F"O[P#NY%^V)
M?Y@K^\ [N1?MB7^8*_O .[D7[8E_F"O[P#NY%^V)?Y@K^\ [N1?MB7^8*_O
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MQAJ3+\E5@2N5KDG)2 K!/W.@4I4N?&/MF9&1W/)G)65-7)U7F_ZH?3.#D
M             C%UXOT%6;ZV>G7WA8,"J<\]6OR5+.@D
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M4=P6=CP:47G[+'@QD8  C%UXOT%6;ZV>G7WA8,"J<\]6OR5+.@D
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MHR$_GY^:]+;H,    1,Z]7Z'U/?7ITX^UQN!=&>KJ5>"V8(
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MG3$EDE88X88X\!ZP  C%UXOT%6;ZV>G7WA8,"J<\]6OR5+.@D
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M@55^WJPMD"0  1,T!^-EZZ/TWT!^Z^Y@Z5?#Y/\ OYELP<P
M  'Q)^K)/S5T\/G#:O\ IM= =^0SU=$>*WWJ=;XFS3+YOO#[RUR@Y\I[]72M
M<"                $3-,OCI^M+]".F]]A<W!TJ^'R?]_,MF#F  #@3JK?%
MF;_?4\V(^RN4 JCWZ>M3XPV3H1^@MI=]4W7/['X<#)SSTSXNL@8
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M;RR3NYSLUS<UN*I6DP*/_P @S(\DOC [_+RYXS_\0+-?/^N,%DM_1S8IT>+
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M:?XV6^/_ !4"JOV]6%L@2  ")F@/QLO71^F^@/W7W,'2KX?)_P!_,MF#F
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MGW1CQS7U_P#S.QN%[M7A>*+07"O*[K^).FU#W<EB3Y*IG;S)"6;72B',Y/\
MEG!7HVMD7#LTVLH?J>P0O+S&&A6WLUGI6Q(A0NZE/*V VT1?3$87MIG7CNG@
MPZ!;3W!,(WJT\4O#VENDF\>T]OR]U06!=L]LAJC>O5+)Y$I732O'!_@JLJ*P
M6X(A5T 3-$=9(NV,<#=;W0K&9F5OCLY2AO%HQW1JTSHSZ,<<<V:SJZE-JIO;
MRN(-9E5QIB>O? ;0TI;;2ALEP?SH(T:[O\YC+=8\9S-KQB,FD=F3RTUPC7%N
MR:#*(P;:3,5CP^FI>2U1DQ;A$QV^&GIL]O1"S5%O:V,DWY]?ED-M/92+0$SG
M+G/A14M>;+6[7E-*RSN?7Y4DK*HBT-5$*\LC,EA)Q:K(TW([DS,3%IMT<;8\
M)P=@@P 1-Z*O^K3_ !LM\?\ BH%5?MZL+9 D  $3- ?C9>NC]-] ?NON8.E7
MP^3_ +^9;,',     <@IM"=1T9=[E$4TTXE[0$<I]B.,Y%-3N;G+Y.6G<\V+
MD?)3,I.=ZSFZ)>Z'+DY1PW.SNU<&^YCJXI%)MYPQ]W-NTO3BVC^I\,?5LCC]
M(Q%.[.=)M^MSF8NR=WQ&YT&TMB-F;:?<FE]<W)I<*]0MB!*C31A8A.;"BR\N
M<2/9G'9F"\VMHO?MUL&9>FIHC'JN*I5JUEK@JKT\XBUCIXBJ3.KFB3R^$N:Y
MXB*\A4YNBQS)0QUP=GDUICY2[&.)"GU_2%-/"-^=TZT94WO?'-?3VZW<@,
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MIX?.&U?]-KH#OR&>KHCQ6^]3K?$V:9?-]X?>6N4'/E/?JZ5K@0
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MB0,!;O#8+6<.;CV+&7ML+$3:^N8MT1:TSTZNV7<8, 'Q)^K)/S5T\/G#:O\
MIM= =^0SU=$>*WWJ=;XFS3+YOO#[RUR@Y\I[]72M<"                $3
M-,OCI^M+]".F]]A<W!TJ^'R?]_,MF#F  #@3JK?%F;_?4\V(^RN4 JCWZ>M3
MXPV3H1^@MI=]4W7/['X<#)SSTSXNL@8                B;T5?]6G^-EOC
M_P 5 JK]O5A;($@  B9H#\;+UT?IOH#]U]S!TJ^'R?\ ?S+9@Y@
M      /B3]62?FKIX?.&U?\ 3:Z [\AGJZ(\5OO4ZWQ-FF7S?>'WEKE!SY3W
MZNE:X$                (F:9?'3]:7Z$=-[["YN#I5\/D_[^9;,',  ' G
M56^+,W^^IYL1]E<H!5'OT]:GQALG0C]!;2[ZINN?V/PX&3GGIGQ=9 P
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M&XISL\TY0Y2)IIY.)SQE>,2^EX'(  ' G56^+,W^^IYL1]E<H!5'OT]:GQA
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4O[EY6>W*.$IUY*BJB9F;8QK?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>g494294g12z62.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g12z62.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[1K$4&AO=&]S:&]P(#,N,  X0DE-! 0
M     !\< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< @   @   #A"24T$)0
M    $-/)GTL]C>HHA4@U:H05G"LX0DE-!#H      .4    0     0
M"W!R:6YT3W5T<'5T    !0    !0<W138F]O; $     26YT965N=6T
M26YT90    !#;')M    #W!R:6YT4VEX=&5E;D)I=&)O;VP     "W!R:6YT
M97).86UE5$585     $       ]P<FEN=%!R;V]F4V5T=7!/8FIC    # !0
M '( ;P!O &8 ( !3 &4 = !U '        IP<F]O9E-E='5P     0    !"
M;'1N96YU;0    QB=6EL=&EN4')O;V8    )<')O;V9#35E+ #A"24T$.P
M   "+0   !     !       2<')I;G1/=71P=71/<'1I;VYS    %P    !#
M<'1N8F]O;       0VQB<F)O;VP      %)G<TUB;V]L      !#<FY#8F]O
M;       0VYT0V)O;VP      $QB;'-B;V]L      !.9W1V8F]O;
M16UL1&)O;VP      $EN=')B;V]L      !"8VMG3V)J8P    $       !2
M1T)#     P    !29" @9&]U8D!OX            $=R;B!D;W5B0&_@
M        0FP@(&1O=6) ;^            !"<F1456YT1B-2;'0
M      !";&0@56YT1B-2;'0               !2<VQT56YT1B-0>&Q >/
M          IV96-T;W)$871A8F]O; $     4&=0<V5N=6T     4&=0<P
M  !09U!#     $QE9G15;G1&(U)L=                %1O<"!5;G1&(U)L
M=                %-C;"!5;G1&(U!R8T!9            $&-R;W!7:&5N
M4')I;G1I;F=B;V]L      YC<F]P4F5C=$)O='1O;6QO;F<         #&-R
M;W!296-T3&5F=&QO;F<         #6-R;W!296-T4FEG:'1L;VYG
M  MC<F]P4F5C=%1O<&QO;F<      #A"24T#[0      $ /      0 ! \
M   !  $X0DE-!"8       X             /X   #A"24T$#0      !
M !XX0DE-!!D       0    >.$))30/S       )           ! #A"24TG
M$       "@ !          $X0DE- _4      $@ +V9F  $ ;&9F  8
M  $ +V9F  $ H9F:  8       $ ,@    $ 6@    8       $ -0    $
M+0    8       $X0DE- _@      '   /__________________________
M__\#Z     #_____________________________ ^@     ____________
M_________________P/H     /____________________________\#Z
M.$))300(       0     0   D    )      #A"24T$'@      !      X
M0DE-!!H      S4    &              5R   "VP         !
M                  $              ML   5R
M  $                         $     $       !N=6QL     @    9B
M;W5N9'-/8FIC     0       %)C=#$    $     %1O<"!L;VYG
M  !,969T;&]N9P          0G1O;6QO;F<   5R     %)G:'1L;VYG   "
MVP    9S;&EC97-6;$QS     4]B:F,    !       %<VQI8V4    2
M!W-L:6-E241L;VYG          =G<F]U<$E$;&]N9P         &;W)I9VEN
M96YU;0    Q%4VQI8V5/<FEG:6X    -875T;T=E;F5R871E9     !4>7!E
M96YU;0    I%4VQI8V54>7!E     $EM9R     &8F]U;F1S3V)J8P    $
M      !28W0Q    !     !4;W @;&]N9P          3&5F=&QO;F<
M     $)T;VUL;VYG   %<@    !29VAT;&]N9P   ML    #=7)L5$585
M  $       !N=6QL5$585     $       !-<V=E5$585     $       9A
M;'1486=415A4     0      #F-E;&Q497AT27-(5$U,8F]O; $    (8V5L
M;%1E>'1415A4     0      "6AO<GI!;&EG;F5N=6T    /15-L:6-E2&]R
M>D%L:6=N    !V1E9F%U;'0    )=F5R=$%L:6=N96YU;0    ]%4VQI8V56
M97)T06QI9VX    '9&5F875L=     MB9T-O;&]R5'EP965N=6T    115-L
M:6-E0D=#;VQO<E1Y<&4     3F]N90    ET;W!/=71S971L;VYG
M  IL969T3W5T<V5T;&]N9P         ,8F]T=&]M3W5T<V5T;&]N9P
M   +<FEG:'1/=71S971L;VYG       X0DE-!"@       P    "/_
M   X0DE-!!$       $! #A"24T$%       !     LX0DE-! P     $#T
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M!0$! 0$! 0         #  $"! 4&!P@)"@L!  $% 0$! 0$!          $
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MV@ , P$  A$#$0 _ /54EY0S_&AUTN8++<5K347/+,6PEMH^C1M=F-]1CO\
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M#6M8-0T.]M8:W_!M4 )Y(;YF?^^AR9))2Z279))3_]?A-  ?$D1Y #_R2NX
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M)]AW;)$SS/MXGZ:22G__V0 X0DE-!"$      %4    ! 0    \ 00!D &\
M8@!E "  4 !H &\ = !O ', : !O '     3 $$ 9 !O &( 90 @ %  : !O
M '0 ;P!S &@ ;P!P "  0P!3 #8    ! #A"24T$(@     !?DU- "H    (
M  P!   #     03:   ! 0 #     0B@   ! @ #     P   )X!!@ #
M 0 "   !$@ #     0 !   !%0 #     0 #   !&@ %     0   *0!&P %
M     0   *P!*  #     0 "   !,0 "    '@   +0!,@ "    %    -*'
M:0 $     0   .@   $@  @ "  ( #SA\   )Q  /.'P   G$$%D;V)E(%!H
M;W1O<VAO<"!#4S8@*%=I;F1O=W,I #(P,3<Z,3(Z,30@,3<Z,#$Z,#$
M!)    <    $,#(R,: !  ,    !__\  * "  0    !   "VZ #  0    !
M   %<@         & 0,  P    $ !@   1H !0    $   %N 1L !0    $
M  %V 2@  P    $  @   @$ !     $   %^ @( !     $
M $@    !    2     $X0DE- _T       @          /_A 8!-30 J
M"  , 0   P    $$V@   0$  P    $(H    0(  P    ,   "> 08  P
M  $  @   1(  P    $      14  P    $  P   1H !0    $   "D 1L
M!0    $   "L 2@  P    $  @   3$  @   !X   "T 3(  @   !0   #2
MAVD !     $   #H   !(  (  @ "    \     !   #P     %!9&]B92!0
M:&]T;W-H;W @0U,V("A7:6YD;W=S*0 R,#$W.C$R.C$T(#$W.C Q.C Q
M  20   '    !# R,C&@ 0 #     ?__  "@ @ $     0   MN@ P $
M 0  !7(         !@$#  ,    !  8   $:  4    !   !;@$;  4    !
M   !=@$H  ,    !  (   (!  0    !   !?@("  0    !
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M 0$! 0$! 0$! 0$! ?_  !$( 4\ L ,!$0 "$0$#$0'_Q  ?   !! (# 0$
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MCG*>!8[+XW+E:!W4RU03$N55*":[JT*H-]I=#0T!204J%@5?3#L9[9L [8L
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M22*B/+>#SN'R$\B8Q/"&,<D@T^V[A[\W.R(47F5MMOMS4@\T\V_+.*2^SO\
M?,*<;2E^7>:*D'%J-.C:BG.J-"HFD;5/N+597C=JFQ0D; \81L8Y>HL4C*$:
M)G9Q+!$J76KK'%$7#QT\?+N7:^IUY3W=A5=UIL--))WBEL%2@*G.ZE&M +T
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M:/NE83O(+"^,<2S**5P:DX96[4@',\_7DC?HDIH 1?C3G%\N'W^OG$"@L2<
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M9?!L4#=3NHFI3$W69-+@%!O2^(OH6?K%+5=P9UIWSL'(1FJI NY:X/\ H?\
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M(0;(0;(0;(0;(0;(0;(1R)\LO]XOTALA!F)3](HB!BFS 0'(0$!S 0'D(#J
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MQS$?E&#3CEGR\.X,]D#6MR<R+9TKIRX"L)_/++PSY>H?'+7+(!V0_&E.5=/
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MK$HB@@Y6@I1)LZ?J1;9=6/>D0<2:)Q25CD%3I FJ_24*9-1HF8S@ABB4R8"
M@"+4Y5!ITZ9D1]UJ?.-U)5)Q6II%:";HNYQ-:)D4U(9HX%$K=U+$.@!HYNN9
MPW*BL\!%)4RZ)2&,*I ,A4YVO6]!H,LH8^RM_P $7V_7LB5->?0?*#LK?\$7
MV_7LA4^@/7AE!V5O^"+[?KV0J>7D/E#4Z3*18Q2!T0Z)<@#/(!R <QUT#[<M
MD47J?AIE<TI0?>=(<VS=$Y$#&3 3& @B(B.HCEF/'9$J>O4 _'UY0U(_])('
M_&+QX_+]?TY\^_9%/^L.>N>?C\:Z\8?]D:8-D(-D(WAI.^Y/TVA8'T<M#C)
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MVIA:G6DO@IP5L1V;';C 7\4P[:U^5Q62>=9?PMV36H,OBKDHHS;6()=#$T@
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M.)%Q:EG\OS JI15EA^&T J30 J.5KQIQMY2OGF!;,VMQZ\.&E1&=H-@J2.8
MX=<ZZ<./A"/$KOD?Z7>\=_WWXC?^:I+[>K;[F=CO]$G9S_879S^YI:/EWVB_
MTC;7?VIQ7_Q[GO\ E'L#PHWC<7\'ZP_K= M)(B)ES!(&1<PD#,+14NLT:M59
MJNNYF,?NJ]+J(,V2:DA#K,W)Q8L%C'%=@S50\<83MIM%LXU/26$SR9>7F9AY
MW=7+2LRJ7?40A4Q)N3#+JY1]26VPIQA3:B6FE'Z[:%#[ ;3]E&PNW<UA.+;3
M8,9Z>D)1B62XU/XA(HFY)M2WD2&),R4TPUB4FAUY]:6)M#J$]_,(2 W,/H<B
MU J*5TD+&9Y*$9I5FISMW=IK,9Z1<3;>NE0>/HALI"1TFHQ=OFIW!PEI4&<.
MQ*DHM(2#<O1,;BL&PY&*/SA>F$M(D9"9Q1T+;F7ES*)3<<=ED*EVG"VX\@K/
MM#X1+M!)6ZX!0'LFT^.KV?E<*$O)JF',7QO#=G6%(F,/E6L.=Q0N,2\\ZF?F
M99,RS+O):3[%)]].S!<2W+2[AW@-W+CN2P<9<\0F;&P6*,K#G$&J5'!5-*)]
M\\O9HJ8J\;B1<+.]:M.R/'\!AUAP_P#2TFXBVYEY*3,UB$C(NULC90Q'LPE&
ML3Q=#4W.2T@YBV'R&S($O[?,3C$S(M8OB4\ZVCNG'I3!\)<+[RV4;[[VZPC=
M<("O/V"?2!Q&9P#9F8F,-PJ<Q=C9G&L:V^4N<.#R6%3LCBTULO@6#R[KW?LR
MN);4;3RXDY9J<7W<K*ER=4%LHMU]3T4:$F9**$[A9-FZ53:.G4>\B57[ QNL
MCI+T<_(F]9I23$[=^@BY(54J#A/I9YYCA^<ES*3+S%5J#;B@VXMER74ZR;LO
M=RZ XVE]DH>0E8J$+ O'IO#)T8CA\I.A+2%S#"%O,LS3$ZW+3(&[-2GM<L5,
M/KE)E+LLXXT=PN-*I3*&C;:QOHY%,)1S <N_Q#,,P'OX:=P^&8#D3LO[3=IN
MR?:N4VKV:?3WS0,OB&'S!69#&,.<4DOR$\VA22IM>ZEQEU!#LM,(;F&E!2**
MQ7VQ=D&R';=L3/[%;82RE2SZA-87B<L$)Q+ <7:;<1*XKAKJTJ2A]H.+;>:6
M%,3DJZ_*3"%-.FF214#9=+(IART$>/EW@/++,0#Y60Z;?8?LK^DAV9]J<G*H
MD\8E\ VC6TGVK9?'9EF4GT/T'>)P]]Q3<MC$OO5++LDHS!:W5S,I*.%3*/@Q
MVT_1*[7^QB?G7)W 9K:G9)IU9D]LMFI.9GL.7*[Q[I>+2K*'IO 9D(W1,-3Z
M1*)?*FY.?GV@F87]=L^5%KB]*7SKE3KI'F+B,B#0@V((S!&8(U!N(XB8I0S$
M0#NU#,?(,\Q]0#P';IFV/:)L3V?R#F([8;2X5@;*$%Q#4W-(]NF0*_4DL.:[
MR>G7#0A+<K+NJ-#4  D9 V![*NT3M0Q)O"M@MD,;VDF%N!MQ^1DW!ALI4I!<
MQ#%W@UAF'LIWD[STY-LM@D)"BHA)\V/NDQNGO66H>ZMTLN66>?\ D^U$1#70
M-=?+7,./C:?[1\)[59V;VOP*4G)3"7WW,/DA/AM$U,,X:?9?:W&6EN(E_:5(
M4XACO7%-ME.^K?*DI]58OV28YV*3$OL+M)/X?/XW+R4GB>(*POOER,L_BS0F
MS),/OH9=F?94*2VY,EAA#C@6$-EM*5KV W4L']ZVT4)K<\"L$<7,1JPSK\4V
MG9>G846._5=-6.CTW!B/W#*O3,41['IG64#XY7C=)90GQ4G"A%.F/(F3,S2V
MVEK2'G:!*"I!(6H4)H:$7K2XJ;Q] -E,;V2DMA-A9+'L<PC#IIW9? EL,3F+
M2^'S)[W#I4?42J89=*%V&1!( -Q;27<QR_I;;N67XZL/.8_[T1_CQ_6/=J/6
M>VK^B'M-_L+M1_<\W'B+LRI^</8O^T^#95_^GLYU.E+GK3B?;5M\.!D*BHOU
MKR\!S%KTSCZAP;#T%NEJ<0/*NM * PC9_=.I-6O>(LO&6V)3F&#*H/I5J@=R
M^:=1(-YF!;HNDUH]TT7!1-%TX(7[X)0ZSI@7IE(8OHOZ-&R6S^V&V^)2&T>'
M-XG*RFSDQB4LVMZ:ERS.R^)X0RU,MN2KTNZ'&VYEP(^ON_6K3>2E0Q!VT[08
MOL[LM)S>#3JY&8?QEB3?<2U+O=[*NX?B3BV5(F67VRA2V4%0W*G= K2H.]LN
M:MXRL+ R3A8R6M>#U]?I-H64*FZ2>K0KY<C9LY.ZZS-C;(=$[0RSCK$&\PD+
MI5-<(Q,%/9&)+P/M0DL:E489(XEM'V9;83;;6%3X2^W-.X7-.!AAU3^^52F/
MX:V9??=WFFL01W[B7?8DI5YPDABNPC^&/KGYN2P7;C9N76[B$H5M.LMSTNV7
M7$!M0H_A$^M+Y0VI+CLDHM)6V9LD0ZFRD+O'3<S:;E6Q;4W#-VK%P50EP%P9
M:;72[1-35F9I@"2[AFU;-&3&&,#MFV%5_P!<#E8Q5 ZKLOB.$]N>+8MM#M1@
M2I?9GL_FG)#!]F\3 =4YBRV@]B>*8Y+-@-ONRDNRU+R6&K2]+,][-[W?.JWQ
MSV.R6(]EF'X=@V!8MWV.;7,)G,0QJ1/<I3((66I&1PJ8(WVVGWGGGYB=3W3S
MH;E]T--I4#]L"L3:9BTUE:7V%PDG2IYE/TQG+*)GDBUR*E&SZ 6(HB<>BM77
MJ:<8=,AS"2'5C6KAP].L^54W'9!V@;*]I3&)[)F5>:&RN,RV,;,RF(.)]N1@
MLA/,S.#O)<;42EW!YI*9$(;4I2<.5(LOK>4[,+<_'M%V0Q[8IR2Q_P!H:6<>
MPU[#L<?DT*3+?E.;E76<1;*%#_F\1849M*E;J3.)F%LMLI0RD:U;[_\ VHUW
M_P!@V'S!8+('ZLMO/WTO?Z0<"I^R4GR_]<8QU^V,N_1\_P#-'$O[030\I##!
M&F>WD_6^9X]*5-;4-,J5\@#GF#9PTRX4H;GX6J22(1XE=\@!_I=[QP\ONWXC
M?^:I+[?RV^Y?8[_1)V<_V%V<_N:6CY=]H@/YQMKK9[58IGE_I!SU^$>I1J ]
MF;Z#_F$?_#+MX1<;<=F7$-MK<6MY:4H0E2U*45D )2D$DDV  ))M'W#:<;:E
M&G'7$-MHEVU+6XI*$(2EL**E*40E*0D$DD@  DV$7Q@-B3!87V&WR=DAI*;B
MK3A;B'A\=K&&;IN$E[K7W$*@],9V9-/J&AEQ55Z F5$ **)3&#;+6QFQFWN%
MNXCB#W9MMYB&'3^ XMA1<D]E<9<3_G.4,NV^'#)=VIMO>*U%)544(C ':AMK
MV<;22>"X1)]KW9A@V+X-MELQM'W>)[:8 VLIP#$VYUV6[E&(EY+SVYW:$K2E
M(54+H(GB>][BB_301M#AK,GB\%7F!55?E;]C>4^KS Q;*=G8E%N=)!S;I2NQ
MYH!S,.A3<KM54SG<%.W+T^+G=MMJY!Y4CM%(S$O.2NSKFR\JU-RCV'SF%2<P
M6&YR:;EGDMK.(/RC/LBGW0A91NG?&Z0KDI'LB[/9^6_*>R4[+OR&([>,=HN)
M.2,_+8KANT.*R(G'\-P^8G6E/)3@4GBDR,2:DY=3K2'DK2$*2Z=W>2QX786[
MYAW]UPUACU.#G9U>,+=YU4[_ !$9/Z-4ZA"MF\I!EDH_#^F8/U.NR#)S*MSV
M*0Q!G^P+ST+%/FT<Y0')4Y@. =I0=Q/!Y8R$M-S)93BDR>\QAM["I&0E$-NR
MY=9PK#MGY"3=0N809IS%)L,JFI:7=[A:(P#A>V.V78+[-@&U4\G&<0D)!$XK
M9W#TB7V8?E=HL:QO$'GI7$!*36T6.[<8SB<N^W*.IPR7V;PT3#>'STVP[--N
M#IX<LU6ZSM(!*X39N#-E';83+-#F!11--1)<"@4R3@4CF;F,!15('2*&@@'F
MQQI3:G4C^42RX6U.MU4T3O*0E25@4W7"D[A/ZP%1P'NUE]#K;"S5I<PT'DL.
MT0^D;J5+2ILDD+:WTI= J$*L2*B,3;\H_>+,P?C*U-XB5R$M=3N%XBYEPM$I
MU>A/VL;:Y25D6RK2&3B7;UC(M2*HRBK5PHFNT52612424$A#F.7G=FF)*:QJ
M2E9_#\1Q27F7%2Z9'"76V9]]]Y"FY8,..(<0E2'E(6K>3NJ"2%4221U';N;Q
M;#]E<5Q#!<:P/9Z<D&D3J\8VCEGIK!I.3E74/3QG66'F'BAR40ZRE33@<0MQ
M*D!2PD1:^\)A)4<(G1HE*MXSTRR/S0TA7X?$-2ASL3(5Q4DVG.R"%NI3TL?(
MKMI)&&9L46+$Y$?^=DY,Z+DK9(F1=I\1QS9!HX=A^.=I& +<]G<D<.G<="L/
M=D5B:3-N)FL'GTRSJFW1+---MM$('?)?(<W!&(NSU&"]I+@QO$\"[&=K)9CV
MZ7Q7&L$V=G6,7E\8;5(+PQAS#=IL,7/2Z'I1R?F)AZ8F@5DRBI,+:+RE:N=_
MCJ/GMB28FIF;=6_-3#TR^X2IQZ8=<>=6HUJ5N.*4M1))))4:DF/0DM*RTFRW
M+2<NQ*2[2=UJ7EFFV&6T_P#1;::2EM">24@1YN_=)/\ 2JM>?^[=-'_\OL_;
MGEKM[:[#?Z/9#_O^*?\ BUQ\FOI<4_/5C/ 8/@']V,T]]/"/T;O<G)1Y5_<T
M-RMNV583 +;LV$$JA$-F,;$/&2+W#B,DW:+8\:W20G))W*J J;MZ+*1<JO'3
ME]*R#TH*.\J&:;;44;R20I0H>(-*6Y_K5IK<UCS^N4,T)5Q86T/9Y=M;I4Z\
ME6ZEMMNJ7"5--H:!'\DMQ"$H2E#3:+)_,[W,?]+;=RUXXU8>"'+_ &HC_IX!
MEQYY:;8\[:OZ(>TW^PNU']SS<=A[,OZ0]C-:[3X,1_QS-^G,<-+1[:MOAQ:P
M-JBM>%C?*]?L%ZQ]0X-I?C7*N>I'CF!D/'*$;&[L6)%6PPODO/6YTY9QKRIO
M8E!5JR7?*"]7EH5VF0R+<ICE(*#%P;K!#H 8I2B/2.4!S_\ 1XV[V=[/]K\5
MQG:1^8EY&9V=FL/;<EI1^<5[2]B.%3("VY="E(1W<HY_*$;N]NIK50$8K[7=
ME<8VNV<DL.P5MEV:9QF7G%I??:ET!AN2Q!E2@XZI*2H+F&QNW)!)R28<:QC@
MWIN\!9[]&K.G--M-FF/2[?J54UW=>E)%5PB]*T4Z)BOHX3)/T$S@140369@<
MA72@[;W9[M>EMENVO:+;&1>F9G93:+'\2&(LAIQ+LQ@L]..NLS(E%46)J36M
M$TRTH)6K=<E]Y*7W =KBW9X_CO9I@^S4VVRUCV#85)>Q.=XE2&<2E98-NR_?
MIJDR\VG>EW%@E *D/D*+*0;J)O)8;4;$R7LM0+)3-/Q!11=W"+0C58U]#6>.
M$R*<_%)R -6SQ.8;+G"49]:DHJ\14>J.2'%-NOEH=O&P>R&WN(X[LV,0Q/9?
M;9IJ9VFD&\.>D9K#L=D]YI&+R#<X&&)IO$675B?EN];=5,H,RIRNZTYC]793
MM;M!LI)X7C7L<ACNS#CK6!3BIUN:8G,+F1WBL,G%2I>=EG))]M*I684VH!AQ
M+"6BC?<;17$W==@':MRP^:/JW?&ISR,>="-L:+%TL8>L>P3QB#A:';1TVV%>
M)<BW:B5@5V#YD!5VJ!@T+[0OH\8--O;4[%,3F!;8LJ5.RKK.'8VS+3#A/>3.
M%3,IWKV'LR>*LER0?++&Y*=^)J6"7&&E)U)V/[8,2EV\!VF=E<4V==2)690Y
M.X6Y,-('U)>?8?[MJ><F)!S<FVDN/;TP&O9WZH=6#0F\SB55\4KK!V"J*NU6
M3:HL8QV5ZT4:+-Y!.4F'BS<2*9@KU:3U'-9(3HG,)@(H;HCMA;Z07:!L[VC;
M4X-C.SCLPY+2^S<K(S*9J6=EG&9M,_B$TXR0M([P-MS38+C=6U*!W%$",D=D
MNR>,;'X#/X;C+;*)AW&)B::+#Z'T.RZI6290Z"@G<WU,+.XO=<2*;R0<]<]L
M"_ 7L>'CK7KPX1E2#:ZZ6N=*^5,C4#*]!G"/$KOD9!O=;QPZ?]N&(V>>G&UR
M7/N^;+V[?<[L93O]E'9JC+?V)V93_P#JPB5'CGEKE'RY[2%;G:%MDL $HVFQ
MA5#:M)UTB_"W(\,X]4#0A2MF^0?ZA+(1XY=7P$0 ,]#" Z9> 9CM[S[-.Q'L
MZ[+9-E.S6 RRL5+:3-;1XDVU.X]-NJ%7%F?=;WI1I:B5>R2"96438]R5?6/F
M?M=^D5VK]L\\\O:[::<1@G>$2>R6$NO8=LS(M)/\D@8:T[2>>;2 /;<47.SJ
MJ?\ /A-$#*VRYZS]>48-S\Z\+UKISCB)"F#(0#+YO6&660^(:\MNI;7[";(;
M>X:YA6U^SV&8[)K24I$]+(7,2Y(/\I)3B-R<DGA6STH^RX!4;U"0>\;"=I6W
MG9EBS>-[![58QLS/H<2MS\G3:DR<X$THUB.'.]YA^)2YH-Z7GI68:- =P* (
M?8BWVRMQ5C@(*QS,/!7-HUC;5&1KYPU:3K!DX!VV:RC= Y2.VZ+@#'*13Y13
MJH'$4EU"*_*;Z0OT>L?[$Q.8OLCB6)3O9MM"\U)SN\XHS>$/+65L8;C190VB
M9DWE[R9#$ A'?$F2G$A]3:YW[5_1<^D[LE](U>&8+MY@F!R/;!L<U,XEA*C+
MH]BQEDLAF<QC9KVE3SLC/LM%/Y3PLN/*9"$8G(J7+MNHPWL%LV&[V1I6$F!6
M[X9O)84XJ0Y;W?L9(^&G+)-7:T50B*DXQM\!4X:P6RIP>&[]_'L(NG!&KE+)
MS#&1=O7+EVJ\+C&=P1R8PS9_938X(=P#'I;\J8MM&TQ,SDUB<[(!M<RUB,K(
MR\U.R$K@[KC++&'J9(#[[:G'"XIQ0[WA.ULO)X_MOVC=IZ7I7;/8V>&SNS6P
MDQ.R&%R&S^$XTIQ&'/X)B6+SF'X/C4_M1+2\S,SF-F903*R,RPQ+M,M-L"OX
MG<DFX%_=)+$NQ02=:PVN.&D)8XN&LD37++.0F(C)G+(2,:G<R,)&LNV\5)QI
MT(^QU7M[Y\,K&MV7:X*2*EPTKV73,H]B;V-SLJ)'!<2P:5G&9>;8E)N:E<6;
M;?#S7Y0#;TBXAE]@I:FY(O..&89;;+DLY3M,[](.1Q.4P&7V2PG$5XKM5@.U
MF(89-S^%SF)X5AV(;,/S$FN6FE8"J9E<68=G).;2Y,X7C 8EI?V*:=>[K$);
M>N#"+ NFX$OHK$&QW%6/Q.A,4;_A_&3#UQ')X2897VG)O6D72L8UWC=E,K1F
M*L2,@$7;X@\*PCH]TVD&X NF<4^R;.[*85LL\QB\WB+C6-RN/8KA,O,.J83@
M&!XKAP<;E\,VA4M#<RXC')=3OL^(RWL[+;:T.H (CHNV_:-M!VB2\YLQA>!H
MF-DI_8_9O:2<D9=N95MMM=L[C:I=^<Q_89MAU^0;F]C9Y,O[7@DY[?,34PR]
M+N**%)$:/XR8O-L1T:=6:_1X;#FBX<LIQA5JE#S<M9B-7-CF5)NQ/U[#-KN'
M\B:1DC$,W3**;)FS;MT&J9OOKA?%FT^TB,;&'24IA<M@V%X.W--2,A*S+\XE
M"YR9,S..KFIDEUWOGJ%"11MM"4!.\K>6OT-L#L*[LFK'<5Q/:&>VJVBVI?PZ
M9QC&I[#Y+"%/-85((P_"Y9O#)!MN7EO994*#JSO/OON...E/U&VZ/VZG&18\
MW7NDG^E5:O\ V<IG_E]GM[A[#?Z/9#_O^*?^+7'R2^ES_35C'_NC /[L9CO2
MW)?=",;\+]WK!+!9,9EFLG1L.HZBRZ*;I5X1D#6#<5EF@T6<(%,PDF948I-P
MV<]E*@NF*L0^**X[;?%=IE2V+8E*J44EJ>FFDG_JI=.[P- !GI7*F64=F.R[
M!,8V.V5QW^;N)7LOA;L^PM20@N'"T":=4M*%'O&W"7"A5%52H!UI13'G8W,L
MAWMMW(=/^VK#OG_])X[+]6G?H.W,]M7]$/:;_87:C^YYN/*'9E?M#V+(_:?!
M>9I[<SY CQ%^$>VK;X<#*NOEE;,TM<6KYZ?4.#:<>=#3.]CUUMQRK"+:P>Q!
MC<.9^3EI-G)/$G\4RC"DBW"S5P0"6JM3#M05F\C%K"4(Z)>E(W[2+=\X.@P?
MI^CG3LY,H]E>VN'["XQB.(8C+SLRU.2,K(H1(/+8?1N8_@F(3#I6W.2*U)3)
M8?-!+'?%F<=+<G-H,H^_3H^W>S$YM5ALG)R;TJPY+3C\VI4VVAQM=<'Q639;
M"7)::0-Z:G&-YWN^]ET!<Q+DS#3256(%SP)6KBRZM46//((0S1TBXKD<FM-J
M+QLT,L9@HQG$6T.GZ4%L=6=,"LJT268)MHU^5$W9,AC:SL<=P1U]S9ZN,,LX
M>P^P]@\DV_B:W9'$C/\ L:Y;%$2^'A,_W*E8FHKG9=+DFAF2FDM%3/4_R!VD
MMXHAI.,I&'.KG7F76L4F%-R"6IJ1$F)E#^'+=G%&3#B48>-V5=4V^IZ886O^
M4XABCAM*323VW)7>Q5\5UWK*GNHRNJPM/*L:-0& KP+2HN%XPL>B^8-G:"M?
M*U2)&N@B5)0@2#+\QVC[ 3^*-36TC>T^-X.779N6V:F</P9["=FTN"28.$8,
M%3_?/2291$W*L3#2\*$NA,H^)!<\/:V-7^1NULG(J9P1S ,+Q)*&V)C&Y>;Q
M5&(8V4>TN_E#$J2G=IF3-+8F'6G$XBIU2IEH3B957LSK7$7G!)%PS/(X?OBD
M33A7;WJ&$7(=;*DCK$WL+=%%[)(I!".W+FO*QC0^:C86KQ;IME2-Q5X[#=L>
MR-M^67/;&S("4X;-37=RDC-]YB E,8:QEEIN8Q!IL88\Z]A"I&65]=GN9AX*
M:<" YNY[9OM#6V^F4VFERHJGF& [,S4OW<DJ9PUS#75N,RCBE3[3;>(";>%4
M.A;+82M*G*5-=Y>NS,TFO580L%"-8J'8MVHHE2=KN6T:V+*/GYB.WI5W#N5%
MZJ1;KLS-1; =-(Y3$+BW;/%<"Q7%DN[-X2WA&#L8?ADLPP&>ZF'7F))I,[-3
MI$Q,H>?F)\S*TNA8*I<LI4E"DE)[SLY(XK(8<IO&I]6(XB].3LPZ]WBG&6VG
M9A9E9>6"F6"VRU*AA*FRW9[O2%*203$-NJ>!J;@BHTTKP]U3:@H>>@V#ZIH;
M7%?+K:FO&O#-'B3WR?\ 2ZWCO^_#$3U?Y627V\O9]S^Q;^BOLS_L5LQ_=,I'
MRV[2_P"D#;7^T>,^'\\?]<*>[U2M?^C-_P#ZA+_PR[?4M'ZB?]U/P$?/I?ZZ
MO]Y7Q,??;5&F#9"$,4#!D8,PY^7/V>WY]NO[5[-85MELWC6RV-L)F<+QW#IG
M#IQL@%01,-E*7FB0=R8EG-R8EG0-YJ8:;=312 8[1L5M?C6P.UNSVV>SLRJ5
MQG9K%93%I%P*4E"W)5T+<EGP@I+DI.L]Y)SK!.[,2C[S"P4.*!E%$Q%N&&LH
M]E:A*)1[B2B)"NRS9Y%Q$[$S$%)G;FD(F6@Y]C)P\G'NU&;18[=\Q6("S5LX
M)T%T$E"? O$6\=[.-K=H\!0^EK$,%Q'&-FL12XPQ,RLVW*3JY69;=E9MI^7>
MEYA<JVZD+;4"E+:TD$!4?TU2;.RG;%L-LEM#-2;DSA6/8;L_MG@SC,[.X=B&
M'OSF')G9"8EL1PR8E)Z4G)5F?>EU+8?;4 X^TJJ%K2;+DMY._3R>-9+*SK=A
M-CLY@9&TK2,>](K#R]66='K4I5182;((Q:#0>+,6#9R$A'D9@BBHT4ZA,P:'
M]M\6FQM/[<U)SAVJ5+/3RG6G0J6F9%2S)3,CW;R RN5#BT-H<#S6[0*0:1MI
M3LGV:PU6P!PF8Q;#$]G3.(RN#HE9J74F?DL70RG%9/&?:)1\S;>(.,(?F76O
M9IA3Y<6'D]XI)@]\Q<O^(\U:IVS3[D[F[NX)_:V<:(Q4/.R%;CB1<-(240R,
MDP=OFC<JBA7;A!1<SQT\>"?M+I=0_%8MM'BV-3,_-3LTO>Q1R4=GV6"IB6FG
MI)D,2SSTNVH-./(0"KO%)*RXMQ=:K,=BV;V'V:V5D,&P_"<.:[O9]C$9;!IF
M<"9R?PZ5Q:;5.3TK*SSZ53+$L\X4H+#3B&PPRRSNEMI %:[<'';8-D(\W?ND
M>F]5:ARX5RF?^7FG\_HYY>X>PW^CV0_[_BG_ (M<?)/Z7-NVK&33+"-G_P"[
M&OQ^&M/2ON_8)T3'+<%W>'SR'3A;92<$:$5C/LRF-,RAV5 C':"2SI4B @59
M[\5ET@7*U:)M6J N$$DS&PQMCC"!M/M$S7=4SC6(MUO4[LTX/ BG"]KU$95[
M.,3GL#P+98!PNR<_@>$%<NY_S39<EVD*4D(WJ43^L2*DDJ(%X\@>#F(3C"?%
MG#S$UK&(S3B@W2OVQ"(<.E&2,DK R;>0(R5>)H.5&Z;D4.J.L1!8R13"<J9L
MLA]1[8;.M;7[*;1[*O33DBSM%@N)8*[.--)><E48C*.RJGVVEK;2XMH.E:4*
M6D*(H5 1XLV;QE>SN/X1CR&$32L'Q*4Q!$NM:FTOJDWD/I;4ZE*U)2LHH5!*
MBD&M#2A[I/AN+A^3[6OT@2G[K;>,1]!/9_\ VB8OE_4,I7S_ "C'I7]*G$==
MD)#][3/\"8/AN+A^3[6OT@2G[K;3]!/9_,=HN+_N"4K_ 'C?G;RB_I4XC^Q\
MC^]IG^!Z>LCX;BX?D^UK]($I^ZVU_03V?_VB8O3A^092G]X_/I#]*G$?V/D?
MWM,_P,'PW%P_)]K7Z0)3]UMGZ">SW^T3%QTP&4S_ 'C]_.'Z5.(_L?(_O:8Y
M_P#U'U?C8^&XN'Y/M:_2!*?NML_03V>_VB8O^X93/C_I'UQM$_2IQ']CY"M/
MZWF<_P#@,H/AN+A^3[6OT@2G[K;3]!/9^_\ RBXO?_L"4XU_K'6I%J?&K]*G
M$?V0D/WM,_P,'PW%P_)]K7Z0)3]UMK^@GL__ +1,7KI_F&5\?_66O40_2IQ'
M]D)#][3/\#!\-Q</R?:U^D"4_=;9^@GL_;_E$Q>W_8$I7E3_ #B<H?I4XC^R
M$A^]IG^!@^&XN'Y/M:_2!*?NML_03V>_VB8O^X90Y96_*,7]*G$?V/D?WO,?
MP,=+&,.(2^*V+6(N)[J,2A7%]NUAN"\0W<G>(QJL]*N9([%%XHBW4=)MCN!1
M*N=!(ZA2=,4B#\4/:6R& M[([,[.;-,S*YUK9W!\-PAN;<:2RN:1ATJU+)>6
MRE3B6E.AK>* M836F\:5CS-M)C"]H<>QG''&$RJ\8Q";Q!4NA1<0P9QY;I;2
MM24*<2C?*0HI22!4@9#M,2]U@LJ:2:88+08] A"9C=9#4"E H#E[W-.&WIH=
MNLV !_DW+V '^DW-/_N48%/9'+$DG'7Q4DT_)Z,_^+X^M8Y_"QV;\2L%^>LA
M^[FU_/K-_LW+_O-S^"B?FBE?Z]?S_J]'G_Y5]_*#X6.S?B5@OSVD/7_LY]O#
M9^?6;_9N7_>;G\%#\T4K_7LQ^[V_XL>M(/A8[-^)6"_/60_=S9^?6;_9N7_>
M;G\% ]D4KICK_P"[VS__ &QE&,/NKMI$1'[C%? !', ]^4B(@&FF?H ,\LLN
M ::\=O$G:+V0R/:!MMM'MFO&9C"'-HL05B#F',R+4VW*N+::0XE,PN9EU.]X
MMM3I46FSO.$4M4_1+LJ^E5BG9AV=[)[ (V2E,<;V4PEO"6L6F,7?DGIUIEUY
M;2URC>'S+;&XVXED(3,."C234 [H3X5NT?B9@/SQD?V#MTO]''#_ -JYW]U,
M<?\ OWHWY1D'].;%O]GF'?\ Q#,_X56#X5RT?B8K_P">4CKY_P#,/T;/T<<.
M_:J=_=3'\=#].;%_]GF''_\ ,,S;I_FGXPOPKEH_$Q7_ ,\9+]@[/T<<._:J
M=_=3'\=#].;%O]GN':?^T,S?_P#:?/+E"?"MVC\3,!^>,C^P=GZ..'_M7._N
MEC^.A^G-B]_^3S#?_B&9H;_^Z:U]<XZYMX[&=WCWBG)XD/H%O6G$E'0S \2S
M?JR2"18E@BR(H5TLV:*&ZXJ0*&**/Q#"( 8P  [9GV*V5:V-P%C F9QR?;8?
MF7A,N,I86HS+I=*2VEQP#=K0'?-<[91Y6[5NT5[M1VQF]L)C"V\'=FY20E52
M+,TJ<0CV"61+A??K9EU'O-P*([H;IJ!6D=GN[9[L!:]WW":J87-<$HFXM:[!
MUV$2EI;$.48G50@H5A#HBG'HUEVFU34!D#@J!'2A4!5,D4Z@ )S8SQKL-EL9
MQG%<77M+-L*Q3$)J?4PG#FG$L&:>4\6DK,VDK""J@44I)I4@:=KD>VV8D<'P
M3"4;.2:A@V$R>&)F$SKC:YGV5I+7M#B!+$(<<"$J6 I5"!19I'2DC_TE/@&2
MI0Y_VO'V^K;/$8+.N0I0:\^/O\(D&R)!LA!LA!LA!LA!LA!LA!LA!LA$?<?Y
MY7NZQ3Z1Y:AY9>.>O!&HY#A3[.%Q<Y4YUOE( ^V>R-)S/VY^,&R$&R$&R$&R
M$&R$&R$&R$&R$,KW_I!N_HEXY\.CX>O/9&H>^^=<J<O&L.S3_-M_[J?ZMD:1
MZT]\,0&ZM4#Y9]%3IY".0#D8!#(<AY#KQ[_#9&LYD&UZ\LQEX&X_",T),HB(
M F41#Y0 L B7/4.D'5YAF&H .OALA1//S'/.W+F<Q2 9( $ %( $1R#-7+/R
M 4P$<N>0:;(E!7E;6GQ''ED,H7TCQ^\@.09_YSE_]GRV0H+\@#G]WR,)Z1'\
M!W?ZSOX?ZO9"W Y#4:\;>7J@$D AF"0&#O*KF'/F">7(=D" ./JHX6RYY:YA
M?2(_@/#_ #G/3A\37B&R)3ETN*&],]=,N9A!DLLLT@#,<@S5Y@ B(?YOB !G
MD&OS#DBT]]O'7\,[TN08 DLP 01S <LAZW0<PS <^AP$!S > ALA09T/#,9]
M>GGRI"^D=<NI#SZS3_P]D*"M-,JUJ->0]5AN4-TU#GRRZ0F-EF Y=(1TS#+/
M(![L]-D/EQ!Y#+@/A&>62#@"0"(!^%#/XN6>G0STTS[LP[]D+4U\P*CEX]84
M9+(,Q1R#Q5R__9X[(EN?2HKR]4\X7TC_ ,'7NZP?/\']O+9%H-*^?C7*@M\\
MLSTC_P 'R^^<<N[[W]O/9"@S.5Z<^EM.>>0A/289B'5 (AQ#K=?/Y&R)3RZ_
M TO?E]M%](CGEU.7(<U>&7?\39"GAU(I^&M=<AQA/260"(H@   B(BJ 9 '$
M1^)ILB@#6NIL18>NG*%](Y_ZHN@Y#]^#0<@'(?B<<A <N.0@//9#=RK3S'KA
M7/.$])?\'_\ %_\ Z;(EK?,?*WB.'&,)=7KE!/T0+F !D(Y\-..0!R'B'?QT
MV0R^_P!4S!SYYVC-1?\ 5@D3J@'H= N?699Y9:Y= 0]72'NV0H+U^S+CP\*P
MWG^4;^\(AEEW^'?F&O?H/@C4<SUJ*4^SC47XV/+L@K6_A24L!,,<!L1=VV'Q
M-A<*L.L4*? O)B[-C-E['B'9!G&%X3BK!0+;[TY6F-WL^QBPP_?U*1EW,V65
ML4W)N8*N)1:)2UJGPX::C/3IK:)-B'OV8)//NHU/"3=\M^%>'-J?6LL4QPXQ
M-IV% 7N)FU+]$14?CS4:=@PK5;S5ZS3K3!Q-/IL:$,Z@%X"3D[/=L1+3;)RV
M'0URS'J_AT'"U(C+W?3W?AL\Q,P6Y)1:O%S=BB%G\= 6Z(C'9Z(SP\K-5G:$
M!V>%R-;3:VRXQMJQ"F7H5(6RBEG8U16'=0-:1"20IUYVRSJ,^O"*UON]/AC.
MVNEV6A;L&&N';2E6RHW0M619468A+7,P>(5JNM@;6]ZCAA!VM[5K)$252I3:
MFPUE@:O PE7>%1BGZ<ZW:02&F=;WORSH3>E+&Q)X4$7,]W_\/IVU04C;<!I6
M_P >SB7M3F;KC/B-&XPXWSE0GX7>$8V"(G\2B8?X<R<O&ED\<()=G#P:M%5?
M5#":N8>O[ G'R[B9B4:?7KW1SOF^7NO&EYRNTO=/AK5APO/0TA'2%P;X7T^S
MBQ2P$C</[22'KU3PMD:3AQ+6+&.*B,97\SA_'0;::&!0JTG74(2>EV#=&H5.
MOH7]V0K3EQB*K[\]&:XRTZ_UO=DJ<+AC6Z%+4N8P,-9FYZ=:E7<ZEB%&2#M6
M)I<&TBXQCC#%UK$=W68R#3CWJD*:NM5HN.>%5:(::WH:TR/6M\SPO$PKGN@N
M$Z$!'QE^W1Z[B7*.WV&4C?Y:TW2MR 8ARF&V"$_A6VL,\I,8/3=E=S$A8YY.
M]-XB5M<SAU#!"L(UC01L;V:O<DAU-*96/73W?<(I*[;S&!5EPOG*/![I%+J-
MHE*%3*M&W]A-UIQ)5N=K;JO+3-@BTT\,&$N[2LXP\N[=+S=CE+T1Q;YN+DL0
M9JJ1]3KM<0/NZ@^J9#*G $QI+IS]0:_,.N8<\@\=1V0MKX"_D;U&M!SN8WIH
M&^DA2\(Z7AC*800%U=5E19C.S-BGEUXJ\T^#LLY;\,J79:OZ&.1S#5&8Q*QJ
M;6$JDNX"[UZZ5&!51@F^&<0M*H9<>E;U-#6M/.@K49WAT0WL\"HN9PYD:ONF
MQ53)0\2K=8W+J OL&SM4[AM/-+5!1.'3JUDPEZYU+0=:E*PDK>;-'6H\G9ZY
M*6=.M1I;?(0S-%O6@T!XFE-12]:BN0^$.T+OF8)4RGDI]#W4(R% M3DZRXN,
MM<:'+8C3"WOCK,Q6Y6;NL;@17),7L,Q8VV/E7=;"L2EH+:F+24D@K=7:5R01
M/.G#3F!?ISUI#?;][K &TUVTQS3<RP^J$_/2TXZC;%576&S/T%%N[TE/U9FU
MB7N!<@S([I=#9(X9I.(P\3'W)O-VB\7Z'L=X"F2]+0M]W*F=NN5>58(O?<@F
M.#%:PKD\'#W U?J"U=9Q=WNL+;,&:Y8([#[%6HU/$S#[!.;PT>Q=6OP67$6+
MQ"OTC*V6ULK]8*R\*LPAD[,16O(M,B.1H+&Y_"@&5?.U\0]^'=IE()Q-4G=B
M8#B/?F^-SB_H6=A1%ZQ"35ZO-*NN'#E24=5BQ3V.:--EJR_FI-IBTB,>]F)(
MHU]C5ZX+.H02)SN.!XTK74<LO.N=.XC;XN'<K3O06"N[A!8!VH+[.7=*[5>S
MQ#M\BF.)L/B/AW!=ACL.JP#U#"\6$A"5R0DGKUZ+&530-V>/B6,<9#+H:6RX
M&F?.FO/0Q:(^Z(8>*RLJ\5W5H%I&LFV)3;"^ C+M"JQ6%2.(U.PSA'K"M-K5
MA7:V[)D%MJ=\O<C)0#>LWA=[B4ZB8"ZU9G%/5K&B9<=0>?6_@1#&ZWTMV%>8
M7DT=P#"Y@S5L,/+I0C:PUE>,"/8*TY4\8X&1PA>/S]C;5R?A6*<8_AX6?C+_
M &*2Q*@K]<8NG6JNHMQ2YH;\.M/5^A%>N.8>-)"6E7S!CZ,8OI%Z[91@*I+A
M'-7+I59NQ!9!HP06!H@H5N"J+%DDIT.FFT;%$$4T*V^S.ESQY5US->F 70Y=
M->D'MRTRRY9[(9:7O[QE2FE80VIC>)AYYYCP#++N$=._9 W)YDZUJ:4%*<";
M<83EP'/@//3RRRTTTSS 0#ALAID:Y'6W2E+6M6H(&4&O?W9!SY\/;Y#X[(7X
M\*#77+W]#S@X=_K#(<O/UCW\.&7!#+CXBAIU\3QRRIE>V%V(5%KU>EJO>*](
MS4=*2B4D8S1PJ1J0[<8MR@9Y'MWL>E,&1/$K,FS6;+*(M?3:SZ&<5T4K WN2
M(;W'CU/CX?/.'UKBSA7%G54BL*4VJZ[Q-0'I7;8'\:W:8A0MQ*I$/135=,9&
M3AX9.M$?,5V#RJ-577H1VZ;R$@V<(<OE\;V^.O*'XHWZKWM".D8ZJ-(*SKNE
MR3+MF I,A@(EHWCJ=&,V2)4&31\T9J2+2649-BQSF'CZ6W:(,G\;-+R:* 1X
MBULSRSK8\.(YBG..>>?#NX9Z\\QR\>/'CS0SK6N7#*M]:FG////4_@ _81#Q
M'4,LP[MD/N!]$CF;BE1PA.7\/5H/S]P;(FGW>%CY\!'( T',-?XCZM>'=IPS
MRS1J L:B_P!Y\+Y<+95I5-<AS'73EWY\1XZ:AX99;(EZ&IO;3C7,YVN.5*0#
MKY^/T &0:]_K'9 WZ\_@!07X^)A..67ARR_C]8B.F?%$SI3EI3[_ )DFU<[3
MPTNT)3RVQ&=BGTHULU<>P8%8/E8\Q1=H.$"]H69+L7BK0BRZ#Y9DNY?PCX6!
M&TO6Y152.D(1%OG7,UKTRMUSS(X#6S)3%+!1O(S:E<PC;@FX<V!M%O9!-DN1
M)C+Q[6,BI7T(\[>Q0=59@$N@SAP.HUGWTTC9Y609S]?BU 1!;K[_ (Y4U^RL
M,&(N*5-OE<73"G>C;*Q>FCJR^%XHY49UB4M=LN$ZI+NA*FI,S97KZ!CXR1='
M5<*IO[R^E3.W4E%J,4-;_9EE:MO&OPB@-.?> ::\OUZ>>N66R+;7B!:^GVVZ
MWI2$\/L/'G]L]D3EZ.>OJL+GEW=VO++EF&OA[. 9[(M:<.%]*:5%^7NR%8,^
M.7=W /=QT#3NT'+PTV0KG3AP!X9V%N%C3E:%+\LN?]H/GSU_ELB'GZ.OX0I@
M^,.0Z9B&>6@:ZAGY:B(>/+/9&HB]C;*M+#B*]+DCGI6./?WCGYC[<]<AS <^
M(9!LB<>)KU/OK>AJ#7,4$(&H]X_;CGWCX_JV1!<\3ZSKQ//[(7B.F7GJ&N6O
M#NX\OIV1<S:G6XO2^7#/3XP!GQ -<P#GW>?A_(-D!7,"]0->'7E^ @#(0$.?
M?]OMRXY9H"A!&O'UZTSI4TUR#+3OS\-?X]_B @A:]!2W&O*_W\>8(,LO/Y\N
M_/CPY>'CLA2G7SIQKGEIRYP<>7>//N^;EGRS\LMD,].)UX>6E=*]*0>8?-D'
MZAS]7JTV0ZCRH/L-?#PM &OGE\V7Z]/'EEL@+]:>5/MMSTI!].@YYB/+AH''
M9#XV-:DZ96&<'< Z:\?/+]7JUU#9#@#:^?6GV>%[B%\L^/>/ZPRST'(0YAWY
M;(O2N?$_:*5L:$:CC2#7QR#,=0Y\]?#7CF.??GHA?G05-QKK?E?.IKQK9/'Y
MO/GPX:CSUX!PX(G/RZZY97.M\AEDG+PY< U\L_+@/S\-D33EID+]*],CYY0H
M:@/?Y:CGY#ZN[YQS11<'CTN:]#X</,U7O$-.?#N\_'++(>''7(-D7B1;7+AU
MYTI0Y9WH(0-![N//CX<P#D YB/'79$%CPSUSY:@: U)SO"9=_KRR\>&0Y9?0
M.FR)3CXTISRH:4^!M'(NIB</E%]@_;/U9=VR&8TT]U?1\*<(4X?&-RU$<M1[
M_#GE]N2*H7X:TN>/+6GK3CP#NT#GX9\/',/7X9Y(9#A8:\JY<ZCQY5HO?EZ\
M\@'QR#(.&7TY!KLB\:>-: \Z"@RI\:"\)ED/#S#0>_EED ?/EH/=LB4H<NHL
M>.E* >=+'A"9?;+N^L-?X:[(E/5.'S%_NO"Y^/@/KX\?JR#,?6BUY\CXYY_*
M@J?$[\^&? .>>>H> !P]7>([(<:Y5R&M:W'(#+PXDPGT_P ?K\].[+9$^/W_
M #ZVX4A?#S'GEX\ STRR$<_+OV1>74ZTYY"MJ4)KTXPG#E[?J]GAW\=D3+3W
M_+W<N.<+_/GEH'#3NX<?FUV1?QUI896X99^5X37GX99!WY\/;IF&OELB7UY4
MH.-<O?:HOTA0R#7/+^0]V? >_B'+O1107K3\#PKD>.8TXH/EEPRU\ ^WT<-4
M0]*94OR'KX977///Z-<N8_.&H]W/S1:UK\+TU/F+GAKU ]HZ9^///YP#VY\A
M0'O-J\]:^8'OKH0.60Z_ST >7L$1'NX(#2AO^-@=/<23PR [N_0>/S9!KX</
M(=D!PXV.?E07Y9=#  Z9:<.[4=>_/[<L@#,$ ;4MEPN;\:^M* 5"\N&H\,N_
M+QUR[^(#KKPV1=,KG*G&G.]..8-[Y0G?EEEGIG\^09^WZA'9$XTI2MJ^=!7W
M_(F.1/EARU =<\QY_8!'SSRV0U.EB;UJ;5] GK6D(;Y1N :F[_+NY_;79 YG
M(9\>G#7U>$T^CC]/(<LO8/?EFA;X9_'0TI[CQI4S'U<.0#EW!\^O'QTV0J?#
M+0&G >=\^=H \1^?7/B.H9^?#V".R YGSO7,W%>N7N)@'UZ"/'+B/\M?+EGH
M@?&Q.=,S^%^FE;&GF&?EGX^'(!\->/!"W45Z5Y\M >5\\G*&AY*PS$3 0[87
MDO-R3*'BV8*(-^U2,D[29LFP+N54&R/7N5TDNM<+)()B?I*J)I@8Q4,^-JZ6
ML:_;YVUBU\7=WW%+ ^X3-#OD76%[-6H]:1L[;#O$O#+&>.JB;6:?UUXSMEBP
M;N%\KM7FXZ9C7+&3KT_*QT]&',R5D(QNWDXY9VA3+H:6/#C1/GD,SJ8B\7A1
MB=+QMDF(N@6]]&4^(KT]9WB%?DS(PL+;9=A!5:3?&[, I,K#,2+%A#+Y&)(K
MN"]DZTH',5 ?5SITXY&Q%M./&T1=.N6%9,JR4%,K(&%J4JR46^43,+UR1DR*
M4Y4!*(NWAR,VP (]>Z.1NETE3 44,S2M:<,Z4R S^P'A$OJV$.)5S6N:%?I\
MNZ4P[K=EMMV[4FG%$K<)3XQY,6%224EU&223YE','BZ<,!S3#XS99!@Q=+E%
M($.H\<[<!F,J4^-(E]MW:L8*11\.\0;!#59*&Q5C(Z=HL)$8HX4V?$B6@91M
M,NXZQ/<'JQ=9C%JN5QTC 2O5V"STF&A>N01:G?%=/X]%TA?2QMYBO( =/B8@
M#[#BYQ\%'6)Q$=8RD@LZAF[%_'24W#(TY^RC+ YM5<CG3J?I[5F]D6J"#BTQ
MT0C(=)16..[106.FA<U-ZV)/VY:>[2V7*KX9X@7*UU:DURHSC^TW9:(3J\2+
M%9FK+)SKM)C%R**[XK9JG#.7"Y &:<+HQ**(G<N'J3=)18J'/*O,U'.M,N6=
M#T,?"3P[O,1-*5Y]59STL28GX%)JTCUY$KZ6JSM=E8VD4Z8%=-9<T.Y:KD?J
M1:[M%$$S*"H"0@<46E: G/++4W-S72M,R:B@O$-'73N[],ASX#X^.F>HCPT1
M#<?.U#7(_.U;DY6-0X"(> Z<>?<(>/T;(MQD2.1MGKP(Y_"$#ZQ'AQ#7+77A
M[=<M!V1!\R<LQ>E[Y>^]+& -<^_3+SS#+(1SX9=_T9[("]>-J=:BE":Y4X_"
ML&>G'RYB'$-!T[@^<!\T*VSZ:D9BQMP'F#U U#O[OU@'LS /(..>R N./#[0
M/=4#H,ZQR+\HO]XF7L_5D ^K9#0^%/+Y4!\(#9@8W'0P^6N>H_RUX!RV1;@G
M.Q/2];G\+Y#2./ .?#CRR'YLO;X=XHF0URSTH?*GOY<2H!F&>68^.67(--0\
MM/#++9% J*TJ>=*:"UQTMRI2$R'(>/S>'/B( &@Y>0AW[(E#0Y^7+7,@"QIT
M(XPO(<A$>?TYZYCGH/(>?GLBZ&A)U^-;U-;'0Z]83/O_ ( 'E_'V;(E>/W =
M/O\ =$@J=B<5.U5JUM4$73FLV"'L#9JN)R-W+B&D6TDDW6%,2J DJHV*102&
M X$,/1,!LAV0J3GE?EG\:9W\ZF.Q^']U7QZ0/O6.+)#UBZ2.]$,H+F4L;5M(
M2-";/Z_C%4VU?A7DC'OW#^I1]>QON+9"%458O%'24?TYD(5W:H*SH?K<J9 6
M^)S.6ONBPK5[L1B_/7YK>XS#:I5T6%7H\*S@V5FN0L59;#G>C+O6U"8GW#61
MCGMQ0B[DXF*D9M;%9>8F*3,OQLMEG+H^F+C+HMJ::UU.N5JWM>P!'A#(G[K3
MB?7'^'3?##"^IX?T7#J\8;V]##T+/<+/ 6EGAFWQ&3A(.Y>G)!0MB CS$F3L
M+%^^;*#!6N*A+!",V3F,:I(HTTX</LO]MKVZ1AW+W5S$N[4S&ZF2>'$ W;8O
MQUZ@F[B(MUMKK.$@K_@Y@W@I((V&HU-S7J#B',0]:P)HKZL2L]5$&]=E7-G&
M)BFS)]7F=50II6IY7'3XY5AXP>]U!]Z,9@E W?#VVKQ^ F[_ (UX.5-S2,7,
M1(@91W?\ \8L+*V_3@$K1$PU DCV'$J-D+'B!2.S7".BHA1Q#H2+PH1[M%K7
MJ3P!IKU/N&<84W[K1B986>)D=)84TAQ'XC4'%/#]=LK,61\H@QQ&AH2O-967
MDIAS*3%AL<#&P;5Z]MOI")N]LLJTE,3%I*VL5MB+$B4X7S^S+S\;6K$T:>[-
MXK(7B/N*F%%>#JEY2R236-Q-Q<A98]WF,3\)<6GA*M;HVV(V.BX-HV?!JKLX
MG=_KKY'#R%@']C9QB3>5?QTW#HMKCY9>\5H3T.48\+[LQBY%JX/"MA-ARJTP
MIDY5^NP8HM8UM:45JO>J?#M7X'@WYQ,G"7^9+9G,V:R^GY(C>>B4:G8"C*[(
MEM/?3Y^LHZ@)J3/-S,M-*-T&BDO)OI-1JW.Z5;-COW2SHR""C]R\?'11,J*:
M1WKQVZ.0I3N7*ZHF5.B\Z#0:4U'A\[G2&WEGZ\LO,/++/+O[N_9#2OC2G4=*
M5IQX<8,P[^_7++CD&?CIQY^(\00J./&]*9T%>=L]>9S '< \>_3A]L]>&H:C
ML@. .?&V7JM\KBY@\],N? >X/$<A#NSV0ZVIKD> YFA'"L'V^<!X9AKRY^7'
M/9#UY@Y5%]->F=8Y%#XQ=/ZQ?+/,!$?F#APRUSRRS0(Y?*N9/D,LJ7K2E<&3
M64;M'2R0]%0@&,4>B!\AZ0!P',!T$>6@Z]VU&?X_9>!SZJ->GO&IRR/A$52F
MI(X$ 52#GH'WE//,1T'Y&FG'37F&NWZ!()I0<!2M>-QT\?L$Z<,OP-:U]:QF
M)OY$52DZ_K0^)HFV(83"<0#("D2Z8B!LR:9@8P=$O2R$VW[)8;[P!:Z-_5*W
M-U:DI!NI1"1O?5N*"YI05_6BTMQ/"@!J*V/6FM>A-XM]SAC:&%!98COY6';P
MLF^[#&LQ>182CY<J_9EBM8D[LDPNW:K JD\D"QP,&RB(IJ.057:$<<?*3LI,
MX@9$H>0:J2' @K17=JC>H?JA?$**A4$(41NQRSN#OLX<G$E.,%I=*)"OKTWN
M[/U#2I2JH50;HS!*5))JE1X\*H< 6$A,U<LT29D$G3 2B!DS]+JQ#(YB"H #
MP$X:[<HY+-H=W0I014C>4E2=S,$*LL500=[<*Q8[BG+&.(T'',C3E<U&MJ@<
M[D0WJRT@0#AUVI>EP13#,0YY&(!M>(=(H>0AD)ML4)%13X_;]L:J6IK<TO\
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M0'C:)]AA/M*OB%5[ _16<-8J7*Z510*<ZJN22Q$R$(F8BAA%0Q Z)#E,8!R
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M[]L\8&6%]/-5(:TFDX")90T:C'B1%DVL*$@BLYE)QVR-VU9/M#Q!BHU9.P2
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M)(=S-%$_5-5*K4:X3"TRL4Y:N&#UXW(T,!D6POU12#++I!DF"11 V10_S?2
M"$#I?$)M&NUYYE22G Z@4^JK$R12EQ_Y#=)M:@K8UK&Y<PYIUM2']Q>^*$]V
MD'PJI1J*VN!6M<[O;F_+O%^U*L1.[,LNJNN9_P!,%06Z@0*4H-"=7T3I*"(B
M<Y3%4*4I$^K$5/W7VR+60L;/I2JI)IB9W;[M  ) ;M"DG47R%+\>K! I:J3
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MRC9S+80\ZV:U;6M"B,B4J*21>P)RY&EKQ.8DM?2=1PO#2!F2QC]N<)II JT
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M(,&39%!-1X4^SAZZUBM!.3,?CEXC_6#O\]D:?7JL'3)_:+\X;(0=83^V7_$
M=_V^?9%Y^N=O'XP=,@?UR_X@V1(.F3^V7O\ E!]>R$'6$_ME_P 0<_7SV0@Z
M9/[1?\0?7LA!UA.9R_X@^OQV0]>O7G>-F<-,?HBD5)2NRM8>S3E&#E86-<H6
M:7CF;?M4XZL3)T>/;/DFQW /I25;/R'26C7K((\'T5(+M2JD1:_'.E<\^OCY
MB.+?>7<F@H: F\+L*[>U@XFM0[)6W14S-N465?C:C!NFK%=:>(>#:6*&I[-"
M83KHQ#I&2D9F;AGT5(R"JFR);QCZM-Y9HFFEZ3P-P%FUP1@D7+M_1D2N'18>
M5/(+YG:O$.S>FVIRP\CV3J!;QJ#1O"C%)H=!1%KQKZRMUN3UUO#9#;P_HZ&I
M=?D\)\(;1&T1 C:&]\5?DI%V9N:5;3;MN[<K3A^M:R$L:>?.V)4B1ZKBT3"I
MF@G)&F8(GK/U]\2UIO:NFB* $P<P65>MH]Y%H2J]=DUWY&"LG%34<W(JO.*@
MF6#EHI)_%&1!,S1RHJX0,FZ,+D4:JYY\,[TU^_,=:UC7F[W!M<YA&60K56J1
M$(F+C!BZFP]&QBJD<U*@K(K(G67.H_?J ==VX45.HH82@H=0Y!5.C3$/Z9/[
M9?G#C\^R$'3)_:+_ (@V0@ZPG]LH=_Q@RX^(\//9#UZ^^#ID_ME_Q!LA!UA/
M[9=./Q@^;CRV1>'S^_ER^$<BJ@0Q3$4 IR& Q3%.!3%, YE, @("!@'(2B @
M(9:;(D6HYQ'KDRLO,6K#NOS]J74%P]F235CA&4Z]/D9Q(V6&AY-L5P_='Z2K
MI>N/JJ5TX.H\=)+O5W+I=%KPMZXY^^(-8++(6F:7FYAP@H\<@S;E(W1;LV3-
MC'-&\;%QD<Q;$2;,(N)C&C.,C&#9--NQ8-&[5 A$DB%! 9CD1KS]>C#,;B/F
M/T_7GLB>O7C6'*)AW\RNJ@Q33$&S<SMZY<N$&3%@S*JBW,[?OG2B+5HW%PY;
M-$U%U2=>\=-6+<%7CIL@JAZ]>O=>'-W63D:.'\3+Q-A:LBB:0&+.^1=,4P.F
MCVE:-F&,7)*L#J*D L@T:.&B)5$"2"C%TN1KLA$8V0A<O#[?R^O9%IR]?A\X
M^B**SE9)NW257<.%2(H((D,JLLLJ<"))))D 3J*J',4A"$*)CG$"E 1$ V1,
MSUCLRA_<D]\24B8V1>X>8A5UX^8MG;J FMUG?R7EX9PX1*JK&2:U>W2)Z!5?
ML3F%NZ4AIR7C#KIG,RDGK84UU$7U<ZGU\XZ^L0</[GA5=+!A[B%6;!3KE5WO
M8)NN6FOSM6GH]51!%VU%]7[-&PT_& ^8.6L@U1EHI@\.R=MEE&J76@79$]>O
MMB&[(0;(0_Q<&5\U<2;^2:P\2V<(M!=NDW3A9V[6(=4&48S:(JJNW"3=,[AR
MHH9K'LTQ;D>OFSB0C$'J$?&6AE(L&;A-XUDHZ12458R3#M/9U114%)TU53=M
MVKEK(,S]$';)P@FH5-5L\0,XC7S!ZZ0AFV0@V0AUAHEQ-/R,&ZK=N I.73AT
M[.H1JR9,6ZKQZ\<BBDNN9-LU054ZEJV<O71P(U8-'3U=NV51?@>?/X^'.D.L
M?39N1E'T.FDD@_8*%;.4%U!Z2;]94&C./5!N5P=LN\E#MH4JSLJ#%E,O63"6
M=QRKD@[(GKK\*^C2(KZOG^P?;YMD/#S]#UY0?3_+^.R'Q_#[X-D(E*%.FW2<
M<HW2;JFEG,*S8) X(51=W8 F?13< /T"$4<J03U$.D8I"*F;E,8 5Z147GZ]
M</LB+;(D<B?++_>+](?RV1J&8\/CZ$!N(^8_2/ZO;LC2?7KI[XEU3,@=I<V*
MCMFT<2M418L!?.4F:#AVE<J?*G;]I7,1!(_8(Q\N45E4RF! 4R&,L=),Z B6
MO2U-DZ?OZ^YC&\82MVN%62(_<J.W<F=_/QD.Y392"ZS]89.$- /'*[1,L8FX
M<.S$38D27:M4-*>O7SBHOMP^W\N?+9#UEZ_#72#9"% 1 0$HB4Q1 2F*(E,4
M0$,A P" E$!R$! 0$!USX;(>OQT$>S=UO_;O>-&\QN$;W,O[J\YP3K.%F"F&
M37>!W8S5C'51.6Q"8,'TIB#$G9UVLJT"?2NS^8"J6N3E4WB\?'U]H_A'LMT8
ME&(0]>CZUCRQ;Z.-*6\9O;;R&.31P=W$8FXSX@VFN+'341.%1>V1^2G(&36(
MFLF9K548AJ)5DR*AU'WPA3YE!%\.M_MY^,:R;(D&R$2B-D8A>)&"GAD&[9"0
M4E(R3BVK:0=,7#I!NVDVZL:Z?Q*+UO)),8T>L-)MU(]5@51 BQ73I)1#A&;8
M%X(\! -*Z]=+-8]S*FD6\LW192JLQ(&;=*63:MW+YL2*>Q4?%LD6R$@\68OH
MQ\+X2$?1R[Y#UZ]?"(5LA!]OME\^R'KU3SB5TZ91A983NE>SM7B!6ZKKJ.T]
MC<-GK.7B7BB 9J*M&LY%QB\F@B4[AS%D?-6Y1773R0B>L<36J[E)M)M5D8.+
M*X-&-TWCERZ(T/(Q<FXBRJ'0% 73]*%90R4FW;0J:76K625;2DZF"BR%O7KU
MPBG%ECKK*KJ='K%E3K*=$H%+TU#"<W1*&A2](PY%#0 R#ELA'RV0A?M]OM]0
M(OKUZ^0L67FX]:HL&+1Z R*!J4?JD^N352/%M\02O#E4Z)2E,U4EXW,Q3Y])
MRF*8FZ"@D0\?#KZOPI>(W9W;&2E#2[(R8#,H(R<@U21,@$?,+](LRV(B =0F
MU5DDW+Z-2;**I(Q3Q@@<R3E-PV01/701'R?++_>#Z0[MD49@<_M]#A"B4V8Z
M<QYALB<CI7SBQJC-4./CTV=LJSV87-(/SK2#)RDBJC'ND89-%%-(RR!G"J(M
M)0Y/^4LQ0,\*9%P!U#&111QKK\?7/GSD*<U@D*HD7I%H[,21?G37;RYB.U8Q
M6.Z#%)PBO+KMBN$)1=PMDB<I4VS:*!9>2,C*)3"&GS\^E.44N!#<,L\].7'Y
M^_QV0UH+UM?U]L'0'^&R)X^$6MA'9:+59B?=8@5=6TQLC5W,7%M$6,6_,SF%
M9F#=]L$DHY;$:E7AF4Q$>D62H2D::4*]CN@Z03531173/Y18ZUDW553.%/N:
M8D-^BM87#!FQL""1.@:12][,7*O7\[+'=IA&J/E):5CV<0LV51B8]O&R@H2<
M[*('X<O0^[PI!\2I7!&1BXU+"VIW& EDGZBLJ[L<B@[:NF!V::9&[9N26DS(
M"BZ2*HD B*O24?KKO7"#R/BX%$BF^@;D&>O>'JY_KV1>E[_AZK"= WVR^WZO
MHV1/7KU3X1?K*R8$N$H/WPTVVK.&4-!LI,T+Z)BFJSM@F[)(&;-V\JBY<&?]
M8W5=2LH_=/WCWI.$$H=@V3AG"+6]?+STA@-.X3IQTV@VILH9T^KTO'1JSE=5
M5:.G#/6Z\#. ]&PBD":39B@E(L4XC_.O9P2N7;)]&Q\(B?=Z]T5%T#:Z<..H
M=_GW[(M[\L_/YPG1'N]O\=D3UZO$WH,U7:].&?VF &Q1HM#(%C^@R4*"QW;,
MYEU$WR:B2J16:;M)1%(S1XN5846,I"NU$9A@BC[#Z^V+#5L.!24:\9L*9: 6
M=R\ N5V_[([61CH^+.A+MTU0L2:B;>2E%1?*Q[46C]8J14T;3&)*(MF"%\^-
MO0\C]\4M+#'J2LFI#(.&T0>0>FBV[LY5':$<9PH+%)T<IU2F<)MA2(L8JB@"
MH4P@H?0YD#;PM]_R]&&[HF[OHV1(M>"G\-ACX5C;*D]64CV3PDC(08E0D)=X
MN\7,U.HH:6:-VX,X]*+;)+E;+)&(68*ZC'<E)M)V(1?C0<],_EK?E"LI?"UK
M)DS@)XT2E Q[<ZZK9@^DWU@:7&)EG;XS-Y-&CHUI(5AD\@P(BJ^!HH^4,JUD
MDS'4%$AZ5L&![F24<N*38TF:["3.JE&N09*I2YU6GH<&21[$Y:MV** /0E5%
M"KB[<F05CX^+;'%FV1?&]?'K4B*WLRM:<.(<]98*L"FAX]2;1,Z=.FQ9]4#&
@?)1BCT0=EC42=G*FDZZ]=)X+Y,LA)-",WBB S'41_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>g494294g15z03.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g15z03.jpg
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M           *" D+!P8%! ,!_\0 21    4$  $&" L%!P0#     P0%!@<
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MJ5IOGB3<TP"?Q P/2S#YW L:+'RV!M]LLSB7/$A<1R9P#$95SL$:*#X8C%C
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M2RW$MM-RI?R-; '?)J^W%,RCK)#QU.BLVGF_$U$F9+^-$31DF8YOG2Q@8#/
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MQ,P1RXX,2NX0$8$8/+$0(8(3'$0,0/+'/#/''+'*V5K7K929$6<2E%1%19E
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M\)+HT]*^H9G?@#5YNM3MBF^>O?47C(+FEN:.N@L3K0&W"@%!>4]SC-40OW4
MM$TP2E%Y9<:$PCK9>.Y =C* 6!R*S'X9$94";2LF!J I,,T9P*B&\1LR^!@?
M$&^%A1+96KJ<04'%.)JL5"0T2K#V$1A8APZ?*PBL/ZHRKQAK!1:)6E*T2N0K
MZV\5$P[V7)#Q#]PC3N)5I'+UXZPJ-.:86 TS6E5I7)5:916+^VIN1^]ILS]_
M$I_\JJROV/*?%<N\RAOPB"_M*8^'QOG3_P#$#^VIN1^]ILS]_$I_\JI^QY3X
MKEWF4-^$/VE,?#XWSI_^(/M\GQD)_2=PXVJZI)?#OD)T#2M*A(9R/ARK3L7A
M29-9*ADR@JPO'5!0$+% [WP+ 9&+A 87OB%AC:][525NW#B&G[QU#N73AWW+
M#-:VY=L.F*JRM5P&$99JNZM*KNEJV2?/7\G=O'SUX^;5^_16WK;3QNB-)1,)
MM56B;B5Q%WE0TDQF]\H5Z5W8;U?A'N18%>@+![68'E(S3'Y3MK[]BN3AM'=E
M*=3 C(4!J\: >@?I/[(^MW<VS*\R3V^YSSK,-+?%\2FZI9S?!:,[)<5JC8&2
MSM_Z6FT7M%39WEN:O4,JNN6YA!Z.[*#F-X1V>1/;-D=:[YTSMFM/I&P!UV15
MVZ0:Z<QN^.S.)[%L[4#LV#SJ'[5@UQ*\ME_$5-[?0@W)]E38;NB=];.2WS*>
M<X#2G1T9G=LPS&+T=X9/5>G2A0H"Y#@ ]+7JG_#G3^6^7JB=N-JTT\B^L80D
M5E+^@?*=%?FE!7GLN8HNY1ET6TI=8L-]O4NII8#;)#9O%]BT1>V%QO\ EH;M
M63.@J_"GPH!L?DI'GJV\ZKHV[6+U5AJF[#E6<Q'9,$^L'LB8\BXZ[P=IJGBR
MA/KE9'T-HE]I[)>ZP75K:F'OYU\67],:5Y;W)*N.-Z(034JVBN@H!^KDN/1[
M2A[74B=TD$U2&J3?L-S4XTN-+6L/=#_G!]H\*,C57Q,C/7Y2[TE8W4'%7O3M
MJ]]3S:ZSGL5]F5);2^?)''2\%]ZG)$@H#4=X271IZ5]0S._ &KS=:G;%-\]>
M^HO&07-+<T==!8G6@-N% )9\J_\ .)I9ZES7^>1Q5O:F.QYORT'U(@K>WOPL
MMY.*ZS@4;JTBOPH#1%Y-ST8K1ZWY=_.RE4-J@[8WN:0O5:+>L;<CO.(CKH7U
MU""5&;WRA7I7=AO5^$>Y%@5Z L'M9@>4C-,?E.VOOV*Y.&T=V4IU,",A0&KQ
MH!Z!^D_LCZW=S;,KS)/;[G/.LPTM\7Q*;JEG-\%HSLEQ6J-@9+.W_I:;1>T5
M-G>6YJ]0RJZY;F$'H[LH.8WA'9Y$]LV1UKOG3.V:T^D; '79%7;I!KIS&[X[
M,XGL6SM0.S8/.H?M6#7$KRV7\14WM]"#<GV5-ANZ)WULY+?,IYS@-*='1F=V
MS#,8O1WAD]5Z=*%"@+D. #TM>J?\.=/Y;Y>J)VXVK33R+ZQA"164OZ!\IT5^
M:4%>>RYBB[E&71;2EUBPWV]2ZFE@-LD-F\7V+1%[87&_Y:&[5DSH*OPI\* ;
M'Y*1YZMO.JZ-NUB]58:INPY5G,1V3!/K![(F/(N.N\'::IXLH3ZY61]#:)?:
M>R7NL%U:VIA[^=?%E_3&E>6]R2KCC>B$$U*MHKH* ?JY+CT>TH>UU(G=)!-4
MAJDW[#<U.-+C2UK#W0_YP?:/"C(U5\3(SU^4N])6-U!Q5[T[:O?4\VNLY[%?
M9E26TOGR1QTO!?>IR1(* U'>$ET:>E?4,SOP!J\W6IVQ3?/7OJ+QD%S2W-'7
M06)UH#;A0"6?*O\ SB:6>I<U_GD<5;VICL>;\M!]2(*WM[\++>3BNLX%&ZM(
MK\* T1>3<]&*T>M^7?SLI5#:H.V-[FD+U6BWK&W([SB(ZZ%]=0@E1F]\H5Z5
MW8;U?A'N18%>@+![68'E(S3'Y3MK[]BN3AM'=E*=3 C(4!J\: >@?I/[(^MW
M<VS*\R3V^YSSK,-+?%\2FZI9S?!:,[)<5JC8&2SM_P"EIM%[14V=Y;FKU#*K
MKEN80>CNR@YC>$=GD3VS9'6N^=,[9K3Z1L ==D5=ND&NG,;OCLSB>Q;.U [-
M@\ZA^U8-<2O+9?Q%3>WT(-R?94V&[HG?6SDM\RGG. TIT=&9W;,,QB]'>&3U
M7ITH4* N0X /2UZI_P .=/Y;Y>J)VXVK33R+ZQA"164OZ!\IT5^:4%>>RYBB
M[E&71;2EUBPWV]2ZFE@-LD-F\7V+1%[87&_Y:&[5DSH*OPI\* ;'Y*1YZMO.
MJZ-NUB]58:INPY5G,1V3!/K![(F/(N.N\'::IXLH3ZY61]#:)?:>R7NL%U:V
MIA[^=?%E_3&E>6]R2KCC>B$$U*MHKH* ?JY+CT>TH>UU(G=)!-4AJDW[#<U.
M-+C2UK#W0_YP?:/"C(U5\3(SU^4N])6-U!Q5[T[:O?4\VNLY[%?9E26TOGR1
MQTO!?>IR1(* U'>$ET:>E?4,SOP!J\W6IVQ3?/7OJ+QD%S2W-'706)UH#;A0
M"6?*O_.)I9ZES7^>1Q5O:F.QYORT'U(@K>WOPLMY.*ZS@4;JTBOPH#1%Y-ST
M8K1ZWY=_.RE4-J@[8WN:0O5:+>L;<CO.(CKH7UU""5&;WRA7I7=AO5^$>Y%@
M5Z L'M9@>4C-,?E.VOOV*Y.&T=V4IU,",A0&KQH!Z!^D_LCZW=S;,KS)/;[G
M/.LPTM\7Q*;JEG-\%HSLEQ6J-@9+.W_I:;1>T5-G>6YJ]0RJZY;F$'H[LH.8
MWA'9Y$]LV1UKOG3.V:T^D; '79%7;I!KIS&[X[,XGL6SM0.S8/.H?M6#7$KR
MV7\14WM]"#<GV5-ANZ)WULY+?,IYS@-*='1F=VS#,8O1WAD]5Z=*%"@+D. #
MTM>J?\.=/Y;Y>J)VXVK33R+ZQA"164OZ!\IT5^:4%>>RYBB[E&71;2EUBPWV
M]2ZFE@-LD-F\7V+1%[87&_Y:&[5DSH*OPI\* ;'Y*1YZMO.JZ-NUB]58:INP
MY5G,1V3!/K![(F/(N.N\'::IXLH3ZY61]#:)?:>R7NL%U:VIA[^=?%E_3&E>
M6]R2KCC>B$$U*MHKH* ?JY+CT>TH>UU(G=)!-4AJDW[#<U.-+C2UK#W0_P"<
M'VCPHR-5?$R,]?E+O25C=0<5>].VKWU/-KK.>Q7V94EM+Y\D<=+P7WJ<D2"@
M-1WA)=&GI7U#,[\ :O-UJ=L4WSU[ZB\9!<TMS1UT%B=: VX4 EGRK_SB:6>I
M<U_GD<5;VICL>;\M!]2(*WM[\++>3BNLX%&ZM(K\* T1>3<]&*T>M^7?SLI5
M#:H.V-[FD+U6BWK&W([SB(ZZ%]=0@E1F]\H5Z5W8;U?A'N18%>@+![68'E(S
M3'Y3MK[]BN3AM'=E*=3 C(4!J\: >@?I/[(^MW<VS*\R3V^YSSK,-+?%\2FZ
MI9S?!:,[)<5JC8&2SM_Z6FT7M%39WEN:O4,JNN6YA!Z.[*#F-X1V>1/;-D=:
M[YTSMFM/I&P!UV15VZ0:Z<QN^.S.)[%L[4#LV#SJ'[5@UQ*\ME_$5-[?0@W)
M]E38;NB=];.2WS*><X#2G1T9G=LPS&+T=X9/5>G2A0H"Y#@ ]+7JG_#G3^6^
M7JB=N-JTT\B^L80D5E+^@?*=%?FE!7GLN8HNY1ET6TI=8L-]O4NII8#;)#9O
M%]BT1>V%QO\ EH;M63.@J_"GPH!L?DI'GJV\ZKHV[6+U5AJF[#E6<Q'9,$^L
M'LB8\BXZ[P=IJGBRA/KE9'T-HE]I[)>ZP75K:F'OYU\67],:5Y;W)*N.-Z(0
M34JVBN@H!^KDN/1[2A[74B=TD$U2&J3?L-S4XTN-+6L/=#_G!]H\*,C57Q,C
M/7Y2[TE8W4'%7O3MJ]]3S:ZSGL5]F5);2^?)''2\%]ZG)$@H#4=X271IZ5]0
MS._ &KS=:G;%-\]>^HO&07-+<T==!8G6@-N% )9\J_\ .)I9ZES7^>1Q5O:F
M.QYORT'U(@K>WOPLMY.*ZS@4;JTBOPH#1%Y-ST8K1ZWY=_.RE4-J@[8WN:0O
M5:+>L;<CO.(CKH7UU""5&;WRA7I7=AO5^$>Y%@5Z L'M9@>4C-,?E.VOOV*Y
M.&T=V4IU,",A0&KQH!Z!^D_LCZW=S;,KS)/;[G/.LPTM\7Q*;JEG-\%HSLEQ
M6J-@9+.W_I:;1>T5-G>6YJ]0RJZY;F$'H[LH.8WA'9Y$]LV1UKOG3.V:T^D;
M '79%7;I!KIS&[X[,XGL6SM0.S8/.H?M6#7$KRV7\14WM]"#<GV5-ANZ)WUL
MY+?,IYS@-*='1F=VS#,8O1WAD]5Z=*%"@+D. #TM>J?\.=/Y;Y>J)VXVK33R
M+ZQA"164OZ!\IT5^:4%>>RYBB[E&71;2EUBPWV]2ZFE@-LD-F\7V+1%[87&_
MY:&[5DSH*OPI\* ;'Y*1YZMO.JZ-NUB]58:INPY5G,1V3!/K![(F/(N.N\':
M:IXLH3ZY61]#:)?:>R7NL%U:VIA[^=?%E_3&E>6]R2KCC>B$$U*MHKH* ?JY
M+CT>TH>UU(G=)!-4AJDW[#<U.-+C2UK#W0_YP?:/"C(U5\3(SU^4N])6-U!Q
M5[T[:O?4\VNLY[%?9E26TOGR1QTO!?>IR1(* U'>$ET:>E?4,SOP!J\W6IVQ
M3?/7OJ+QD%S2W-'706)UH#;A0"6?*O\ SB:6>I<U_GD<5;VICL>;\M!]2(*W
MM[\++>3BNLX%&ZM(K\* T1>3<]&*T>M^7?SLI5#:H.V-[FD+U6BWK&W([SB(
MZZ%]=0@E1F]\H5Z5W8;U?A'N18%>@+![68'E(S3'Y3MK[]BN3AM'=E*=3 C(
M4!J\: >@?I/[(^MW<VS*\R3V^YSSK,-+?%\2FZI9S?!:,[)<5JC8&2SM_P"E
MIM%[14V=Y;FKU#*KKEN80>CNR@YC>$=GD3VS9'6N^=,[9K3Z1L ==D5=ND&N
MG,;OCLSB>Q;.U [-@\ZA^U8-<2O+9?Q%3>WT(-R?94V&[HG?6SDM\RGG. TI
MT=&9W;,,QB]'>&3U7ITH4* N0X /2UZI_P .=/Y;Y>J)VXVK33R+ZQA"164O
MZ!\IT5^:4%>>RYBB[E&71;2EUBPWV]2ZFE@-LD-F\7V+1%[87&_Y:&[5DSH*
MOPI\* ;'Y*1YZMO.JZ-NUB]58:INPY5G,1V3!/K![(F/(N.N\'::IXLH3ZY6
M1]#:)?:>R7NL%U:VIA[^=?%E_3&E>6]R2KCC>B$$U*MHKH* ?JY+CT>TH>UU
M(G=)!-4AJDW[#<U.-+C2UK#W0_YP?:/"C(U5\3(SU^4N])6-U!Q5[T[:O?4\
MVNLY[%?9E26TOGR1QTO!?>IR1(* U'>$ET:>E?4,SOP!J\W6IVQ3?/7OJ+QD
M%S2W-'706)UH#;A0"6?*O_.)I9ZES7^>1Q5O:F.QYORT'U(@K>WOPLMY.*ZS
M@4;JTBOPH#1%Y-ST8K1ZWY=_.RE4-J@[8WN:0O5:+>L;<CO.(CKH7UU""5&;
MWRA7I7=AO5^$>Y%@5Z L'M9@>4C-,?E.VOOV*Y.&T=V4IU,",A0&KQH!Z!^D
M_LCZW=S;,KS)/;[G/.LPTM\7Q*;JEG-\%HSLEQ6J-@9+.W_I:;1>T5-G>6YJ
M]0RJZY;F$'H[LH.8WA'9Y$]LV1UKOG3.V:T^D; '79%7;I!KIS&[X[,XGL6S
MM0.S8/.H?M6#7$KRV7\14WM]"#<GV5-ANZ)WULY+?,IYS@-*='1F=VS#,8O1
MWAD]5Z=*%"@+D. #TM>J?\.=/Y;Y>J)VXVK33R+ZQA"164OZ!\IT5^:4%>>R
MYBB[E&71;2EUBPWV]2ZFE@-LD-F\7V+1%[87&_Y:&[5DSH*OPI\* ;'Y*1YZ
MMO.JZ-NUB]58:INPY5G,1V3!/K![(F/(N.N\'::IXLH3ZY61]#:)?:>R7NL%
MU:VIA[^=?%E_3&E>6]R2KCC>B$$U*MHKH* ?JY+CT>TH>UU(G=)!-4AJDW[#
M<U.-+C2UK#W0_P"<'VCPHR-5?$R,]?E+O25C=0<5>].VKWU/-KK.>Q7V94EM
M+Y\D<=+P7WJ<D2"@-1WA)=&GI7U#,[\ :O-UJ=L4WSU[ZB\9!<TMS1UT%B=:
M VYS-5P7%I]'$$F[5QM)R<TT57QP0BK8%$-'5-8<),?,T*X6ZO9> & E%K !
MEO%L<<LALA.=OECX&<5,E<:[_!O*F^8QURTQ)O<.^B[Q#[:SAB:N[NJ++5=H
M";ZE!0CTDM)[/,".SXH>1R;B'3C*P#8)@IK5!/>.#)*?G<13#."@>+^"6S!P
M%&Q$V\KG\UDS+YB6Q*0S+]IAIZFL0[[#5VC2,+5^Z>JS1&FO>T1:XZT0UT?*
M)?,U=M1SC7U<HTCM=<>N\%&U95KX)MW6N"S[ZM*8J8R)7S=OA:_4\]OO>D']
M:K:]_-J/&2>92_\ *FO[U)#X#])BOQP^;M\+7ZGGM][T@_K5._FU'C)/,I?^
M5'>I(? ?I,5^.6%ZXZ91=J1&12'->EQ^1[&Y!75UXHV\%5 <^(2LNCX&54WY
M5>;8<2YG<V-ACG<$13S+@_!X)<$'"]\;Z&83*,FL2L7'O4?Q#3##"O-;=NO<
ML)1E,!RR[82B;J,U7=53;P<##2]PD/",*Y<HTTVC&&TW1II:M+A/%;:QKN85
M-Y#O'Q,7_K4?_P#HXU_IW71JF\GI]IVJ+OKZ/85R[!<&+1;:>57#-L\L]\/V
M3W471"J\Z,Y!6VWD? ;B(0;J,'=(:'Q?0"WB2,ED25LB:47S'L!SYK(<T(*,
M)(("U4]ED*[@X&-1Q#.E;5AWW-"/,%7C;3QOW;YP\>+5MII<;2TK1*)1#3Q<
M@E,<_:B8N%UU^VC*--Z\_8JC#*,,^Y=O6&$HRB)B92N5:KC.+?-V^%K]3SV^
M]Z0?UJNYW\VH\9)YE+_RIUN]20^ _28K\</F[?"U^IY[?>](/ZU3OYM1XR3S
M*7_E1WJ2'P'Z3%?CEJS!A,I%[$94:,5_OY"9$=M)N,5G(EOB*HV1FJTD<F@-
MY*LH*[&/JI^R>D)Y,I8XIGCJ@:L#SYTV9,YB#9QA^_>1+]]$OU1M]$/7C]\W
M1&<-Z];5X\:P6,%EG";:5:,LHRE:(B)1#>NG+#ATZ<.JL.G+MAT[9K7!=NV4
M889JU5I:,HB5:556E555/6_$Q?\ K4?_ /HXU_IW7RJF\GI]I]*+OKZ/85/.
M_@#\-1^.QT/AV1<]U9TO-Q+3K<JK>57J2NIK[B4C*NLJ%R:<I%$\I<XHG#)F
MY8B4*DP.<YHL7! PP#QE#JVEI7#IVY=3%&73EVPZ=L]QP+6"P[91AAFK4,K2
MT91$JTJJN555<9H7EF)&]>-O7D%A/'C;3QMKNB)3";;:5II:(^1$JJJM$1$3
M<1$/._-V^%K]3SV^]Z0?UJOIW\VH\9)YE+_RIP[U)#X#])BOQS[3:Y/[PS6@
MXD!V-V*WNG.!KK24XD)0M*[X-7(K*(> 4DPY8L=4S),S<J=+ #\P;+F"HW@<
MV."*%EGAEP>6UM*]=O'3R8HT[>L-.VV>XX%,)AME66DJS#(J5954JBHJ;BHI
MR8LO(W;;#QB"P6W;3+;#7=$4M&F51IE:*^5%HJ(M%14WT+:?B8O_ %J/_P#T
M<:_T[J+53>3T^TW]%WU]'L/*OJ%R\E,AXQR]I!?RVS'^U7"R7<C7LQ$^RNV'
M4D'$)?2[GTIBD50E8^E'S92YM-.DSY:PO/$S1<Q@&+A]7+]Y#OG40Y5&'SAZ
M[?.FZ86 \=-HVPU@M83*X+3*+1I%96E%14Q'!ZZ8?.WCEY5IV]8;=O&:TPF&
MV59:9JS1I*LJJ5145-Q44JF^;M\+7ZGGM][T@_K52?OYM1XR3S*7_E30]ZDA
M\!^DQ7XX?-V^%K]3SV^]Z0?UJG?S:CQDGF4O_*CO4D/@/TF*_'.Q0%P6=$-7
MY9:LY06S'PQ939-ERS8=.$AKSBR2[.5N*[26_@1W;DO-\YXZWEY63[^/I)KQ
M>QOQHKS!T$N9!ZD=:N?3*%>P4;&H^AGV!KCKN:$=X6MO&'K'NW+AV\2CQAAK
MW+:5I1:HJHO8A+/2B!?NXJ%A=:?NL+ ;UY^W@X;#3MKW+QZVPM6&FDQLK2M4
MHJ(J3Y<B,Z4@TU 2THOC/!<= "*;N.0CC++ H*CK2AEF7OA'X=L![#)P&-LQ
M+"A\WD+C<*^66.>$?Q8\28DX=]$WS<+5*8UQJB;GL.:[$Z=1IMA%ZI#&P"^_
M) C1:44=64VUFIMYLXF5! /A*:08\K,UK-Y=!\4/ A#V" 4P@1_!YLR&,%?(
M._<E\QBY7$LQD"\1Q$,,ML,O-;=O:,O&<%M,!\R\86J+2JLJJ;BHIUHR"AX]
MPU#1;"OG+2LM-,833%587"97"=JPTE%2N)K'NU0KN^;M\+7ZGGM][T@_K5;_
M +^;4>,D\RE_Y4U'>I(? ?I,5^.'S=OA:_4\]OO>D']:IW\VH\9)YE+_ ,J.
M]20^ _28K\<E=JKPNM5])5IW.'6%/?48+#[2TU%=9P-W9N_RLF)!L<\G%K@/
MU/=)8EXN:,CBV&3@2@XO.> ,*('CAACJYG:";3EAT[F44D2PX::;=)K$.YP6
MFT1&EJX=.E:JB(E&E5$W*8SOP$GE\L:>-P+C6&GK+++Q==>O,)&5564H];;1
M**JY*+ODU?B8O_6H_P#_ $<:_P!.ZT]4WD]/M-E1=]?1["(6UW#:UNW@!8I?
M:(-]RB#&HCD&9. CH!9_D01W8H6#ARM=@)+5R4/*.+:1+7LJW/6*^)?"2L6N
M8-W'VLKGDSDROUEL0D,L1K:/OX+A]AZUAZWLAV]P<'7&_>8-:^ZK1*:^/E,!
M,]:[N<Z_K.'K7\1X[P=<P,/X)MW7"P&??5I3%2JUAS\W;X6OU//;[WI!_6JV
M_?S:CQDGF4O_ "IKN]20^ _28K\</F[?"U^IY[?>](/ZU3OYM1XR3S*7_E1W
MJ2'P'Z3%?CD]=7]%H9TRCY4BS6I2?D:,-9=RB^E)!#6TAV8F74JI*$A'U7RD
M^FZYU<*YA*;2(5\2 4 D\+Q*PP)0,P8-"CZ.936.F[]F)F+Y(A^PZ9<,MZVZ
M=4=,M-MLLX+AATQB:>-K56<)<*BJJ(B)M8&7PDN<M.()VKETT\5ZTQAMO*O&
MF665:J]:;:QLL,I1%IBQ)55K([XF+_UJ/_\ T<:_T[K7U3>3T^T[E%WU]'L*
M^]E.#_I7M]).4O;%-I\R+(F2"E-B[BS?:FULKH:)D;S3"/DME!-M%M8KD>-7
M\8LF^-C<[\!@<6V =L-]+K3SN50_<D!&(XA\-IYK?<\*]]VW3"7"?.7C>.B8
ML*B;B)534QLBE<P?=T1D-KS[ 98P]>?L>Y9K@I@NWC#.*JXZ5QXU. ?-V^%K
M]3SV^]Z0?UJN]W\VH\9)YE+_ ,J=3O4D/@/TF*_'#YNWPM?J>>WWO2#^M4[^
M;4>,D\RE_P"5'>I(? ?I,5^.6@1-KLWX,C9EQ#%CU?S5CN/4$FV6>W<1F:LX
MHZ&0QOB4(V5' RU9;/6!ME>WC"FI'3>?P_X@^?[*C<5%OXV(?1<2TCV(?MJ\
M>O,%EC#;:RK@.T889KO,LHG ;MQ#NH5R[AW"*PY<L(P[8JK6"RF1,)O":6F^
MTJKPD/WGL/,+:>#L;A)X9#DT!RKJ*4'.(39S-C%DI4-$0!368",6 S,B! 89
MCY EP LA;Y7#!"PO;#'YHRRJ(M-S?7VG)6FD54KN[R>PL#*^=)=]0&GVB>=?
M/<3C7H0^FZO$G2I[^L&2BN7N)'.+4A/B/[2-U&:Q!LZ![5 Z]H,)K*.,*?EE
MNLT6',9"<;E=/C>"PCN*0@I5,YPUDW"A5'0 TM!..-(D'!:,E2XYHRE64_J3
M+O8UR<5,=>')0GC!6PTC2+N7N7!#G+-LNPX,8&I+OCK$@WU-&=H8DZHDQ*SK
M)O<V=<:T353Y PQT<L0S2T]OER@.)@(8D8,9B&LQA4HRRN^K7HI[2<=#B% ?
MA4SODQ-4%*Y8T=LGD39VY,B%SYTWXH (/XL3 ^''GC0_-\T7"\+'G!L\,/AM
M\/PT!1Y$_$:GET0]PV]D5E*9BPB<0O8!7A91AU(2C(0D0ISJ1)<7HQ7D!T F
M1EM:-L$"+P",WF7 4.D%T175%-KI4?!))=*-#FK.-I/Z$KQT5$7IJG!EKE)Z
MZ9/[8]Y#[#I4_KT;/A)8\VGVS"LFQVS5&-P)&CL%L-X5;5C;$4GM(0Z>0:LI
MY2#&2*XK.8<-W!L0ZJ! 9@8A*RL.*TQ4WL?'_P I1>,FY0P% 1"WZV95M-]-
M]A=G$%G8OY<AZ/3[G16H,*9 (J2L(;))*:*LC$[7.!-Y+.*0*NXQ"F01G!!(
M*.0 Y<6V X8RRF$J)6E5I4C<-LEL.VMM$C3@9Q-)[+,E:0*^R[=EA-CS,[FP
MW^SG\A,AW)@C&2W:ADG'';J <Q,]%Q)2<B<X$I>2QD1RO!Z%5C \B#-$I7'[
MZE-]%15^=*8^-/E[MP[YZD#9/4>-91ENQ *6!%62V1)A$@RUV.[I#WBZ4WI&
MRZBJK)<1Y5/MIS))AJV(NY*+JRNC%70"KAM]4/H>*>9$&&DHM.)?G1%]9-BA
M@* @MO/LN]M>2>KS9CY,2KN7:';F)-8@WBX"0ZFA1NE/LHZ7 X'>(E@FR&"N
MX?(;.4$)EI9X\72Q'8M))Y5#5$Y.,H2L.3*5K7(B*O'D3I4K]G_BQN36-N\3
M!@O0U'A^5M0CR:DZ\/=WF@&@V)>4'YJX)L:V&R[2)<P$3/R(S/%C;84T9FXI
M&$@J2FQB28B,Z[A/*":,HS7!X<O^5*I^MQ2ZB(GF#(T41C(1=13E<N_(\9;S
M 5D?,,5)4P70VTU;"44L0$04(1..X'L3)+,(40/,L*%E@)GC>V5QQ7$JIO+N
MG]'Q](1WZ_E.S+IK*9%XO6AP:_E^,A[^L'(K[F39&10=[("TI9&1-D),D0-,
M<_/&5#J276E@P4CM=:C.0H_CXFJ\XW0EH1;=@#E>2BLIR]D U"02:F)R>?6@
MW"DC-/<JN\J)\Z*OJ(G0;Q&)UEHIP^3*FW(]1/E]VVVGU;FP0BW'"(2<(FN3
M)V$.D9!B!2-N\;!OM]VN&'4\X;25LD\3"?@>5$ JX!LTORN?&593W7 RBI\N
M#B7_ "]!=K0XA0!0%/DR;MS> ^^*8F1YFSV0E\-6!X\DIODG8@"K@$V/%UPL
MZI[5<GD>R4TPTA1F&@M\I'R/9HB)C@#<]G,Y#CD.DTHJU<AR1$]SEQK_ ,'0
MX7V2V:EZ?-6W$0"C\MKAL1J63G5^1<>9ZNF2?KTN.5GQ^XHQ3EJ2C#N$3GLY
M)$6U>3DP)IA,!L^3FS&+@5"]S@R$J*)P%1E$5/YD:HF\J8]RF*E-_=+0*'$*
M * HH_O*)P^0D[MUB@MW)H%N(SCISCKUY#&^-.48VGH'7#)6NO>.>6OEYS<X
MORBX$.:^)F+:M9AW:F2E>\A6'/!2J(JY6<*N\M,)$7Y/E)I:[SO-:WN=M]K;
M,BF@GDF-VC!THPP(G12XH]-GF?) TCI#KN673CM>2"_VL@KC11D-,<H9INN(
M=S8/0NI-9/2RB->AA4]RRJ<*+CW4Z,18+0XE*DJ^="2/7UX=H5&ONF1.).@^
M"Y5XUZ2VPKYTEWU :G:)YU\=Q.->A#[;J\2=*GOZP9(:S1H]$<R26S9:R.N-
MANYMO-$>[K)M#%M#L6:U9K$BI)FF9TCEU-UR,N2EF.\T]*5HN>BNCX/R-5M&
M2#K0="67)W)##**J5X<7"G$O#C14R*BXR0J!$L<M:0GS*S?:I!,D63"+;3'^
M[2XIVZJ[4]FA'P6B26LQ30@)LNU@%56 ;P60-L48!6504ZQ<-2/8CC!T6@"@
M"@(7)FBL.MR?DZ>F@;<K6L117<G!Q"0S;YR&TE=?IY3/OF1(]::L@'SD.R2_
M1%=0 D5U1&LLL60BYH<9X%5=5''5!!FN*G_O_G =5@35K775M*<2)KO#3!AQ
M)=RH MN<BPT$JA@+RN5+7*%E!4L7MX1LT 6RS!"$%RROAAGGX/P7SSO<8557
M*M>,[Y0!0'REU"1'0B+#:<R.EN)N.%+/HB^@+B>45D5<154J*15$A72SX)@B
MI)BD2'')GR!P 8J;*C"ES 0@0F>%P(5L+A\08QEB7Q1C+P?+1ET1G_\ TE_J
MI%PXQJE1\KICB83)BB0+)9.6F=&$?.5+LZ(UC4)^FVE&KB4EA18J>@8G 2Q0
M9JN+@_6/?WN%"9;9:[?9J*5;S722:*C%!3YD(D2#\##,ZK*!I76%(V+G?,<^
MK+:P?/K*XK'A3"DM+)\^K*AHVHG31D48/O4 4!X:18T8<M-8TRY&;"6[&V:.
M)BGB04P<KB)ZVA*!=8;SC1#X&8*B@.AM+1,DN-ASHAL@OMQ<(D5E$42"F3+&
M@@R' (4TVC6(83D& EI6<<W,24S#U^40U,X+5<CQD=/D @,C.<K*CN1VTWE6
M5%-4;PH;84'8_,UQVJS=3TM.6%I0R)>,"C-=W)3)3<XM['C)6)R>12$\BE)A
M4$BFIA,JGIY(MA8,N3(D@,"Q0J 'C^P,$N $&$%A;]F.&&.-OV6H8/&/CZ0C
MOU_*=F7364R+Q>M#BU_+\9#W]8.1P'876Z.]DFAFW'@.Z6HXT\DN ,27XO<)
MEAS5$Q]PI]DM67(MDE*#NMM)24D_'%/62X&1A$<R5;-#=20N(8YE-&&46GL7
M(O&?-9NJ\1-=L00@*3;2',>UON(8B)>S;[<9XC-5!TI00#2RW6W':2T66WE$
M\WE530#^:"W$T$XCJ:JG# Y$U50 ,!7+PY<OZRXR2%# 4 4!#W9C2:(]G14]
M6<)APL=VESK6Q7W0Q<D(#*4&8TE-05B,13>V7$AN%G31#9@\JJ1H:/9#0%Q+
M3SI\VJ-P1"5C1@^*,HJI^MW?2F-%3?3BR50]NFZE:XILW@[,XP^Q3.Q0:.$A
M9S6802-Y $30VZ&T\B@:P&$'8B5$;P?DGQ).!)D02&8A,L6!+YY!W"JTI5:;
MU<7S$BZ& H H"&SMT@B5PSPR-@44\XF0X6JZE%\KS'0 VR?B.17\HE2"?A*C
MMC=T-Q>0"LWI"8GX(J).31";$JE6^;/MXZZ5%%& (E1FN*GZ_7 =WC*%(LAL
MF:(QFS4QJ%C8!<D)B4$/&Q04DBH+*LF-XB84S9XRFM9'5'(XE!#:J<*5;B&=
M<"X92$LD*KJ&9@8.I4!2I*OG0DCU]>':%1K[ID3B3H/@N5>->DML*^=)=]0&
MGVB>=?'<3C7H0^VZO$G2I[^L&0H H H H H H#\I\R(3(G#8)(TI"E2I@R$G
M$;E;'3X@ .8N!(G<Z9)$K&C66-@"]S9PH5YX3#Q@R %X8N %0J_Q<V^Q6N_!
MI,UTD9BR5'<G[(L%=C@PZF:O%SR-J[K&+MG(CP;;Z;YD^VUL$Q&>:0WT='#Y
M@;&3ELJU%P\BI1)8="<.6#O+7$B[V)5P>GT8SO"CQ)X*0'#/03J(.=LQW .J
ML3[=+LGJ&"2;275&DPY/CXK!,]!1U)2<!M9$^(YPD&F*I-(5%!:/D$Q.33.!
M@L<,A@XDX55/FI[=PE9!$PH<[QFAR8WAVUFG+@B@#D2;+W;T@8H"@F'1DY6:
MSC76H*;;A=[-=4+&T!Z(*.J+A%ON1/44D!=5L"MCHHXKB_7Z^3@.P4 4 4 4
M 4 4 4!X!\?2$=^OY3LRZ:RF1>+UH<6OY?C(>_K!R"@"@"@"@/+O5:76ZU%Y
M:;#14'ZXD]/%&1&<EJ:,BG'"J97Q")IV*PX3A!&20!1Q,,CJD>,\V1)8&#.
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J.&-K8VM:A@_;0!0!0!0!0%*DJ^="2/7UX=H5&ONF1.).@^"Y5XUZ3__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>26
<FILENAME>g494294g18b15.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g18b15.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[1^P4&AO=&]S:&]P(#,N,  X0DE-! 0
M     "<< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< 5H  QLE1QP"   "
M.$))300E       0FHFM72AMNB$"R,NI9P4_VSA"24T$.@      ^P   !
M   !       +<')I;G1/=71P=70    %     %!S=%-B;V]L 0    !);G1E
M96YU;0    !);G1E     $-L<FT    /<')I;G13:7AT965N0FET8F]O;
M   +<')I;G1E<DYA;65415A4    # !3 &4 8P!U '( 90!0 '( :0!N '0
M      ]P<FEN=%!R;V]F4V5T=7!/8FIC    # !0 '( ;P!O &8 ( !3 &4
M= !U '        IP<F]O9E-E='5P     0    !";'1N96YU;0    QB=6EL
M=&EN4')O;V8    )<')O;V9#35E+ #A"24T$.P     "+0   !     !
M   2<')I;G1/=71P=71/<'1I;VYS    %P    !#<'1N8F]O;       0VQB
M<F)O;VP      %)G<TUB;V]L      !#<FY#8F]O;       0VYT0V)O;VP
M     $QB;'-B;V]L      !.9W1V8F]O;       16UL1&)O;VP      $EN
M=')B;V]L      !"8VMG3V)J8P    $       !21T)#     P    !29" @
M9&]U8D!OX            $=R;B!D;W5B0&_@            0FP@(&1O=6)
M;^            !"<F1456YT1B-2;'0               !";&0@56YT1B-2
M;'0               !2<VQT56YT1B-0>&Q >0            IV96-T;W)$
M871A8F]O; $     4&=0<V5N=6T     4&=0<P    !09U!#     $QE9G15
M;G1&(U)L=                %1O<"!5;G1&(U)L=                %-C
M;"!5;G1&(U!R8T!9            $&-R;W!7:&5N4')I;G1I;F=B;V]L
M  YC<F]P4F5C=$)O='1O;6QO;F<         #&-R;W!296-T3&5F=&QO;F<
M        #6-R;W!296-T4FEG:'1L;VYG          MC<F]P4F5C=%1O<&QO
M;F<      #A"24T#[0      $ /      0 ! \     !  $X0DE-!"8
M  X             /X   #A"24T#\@      "@  ________   X0DE-! T
M      0    >.$))3009       $    'CA"24T#\P      "0
M 0 X0DE-)Q        H  0         !.$))30/U      !( "]F9@ ! &QF
M9@ &       ! "]F9@ ! *&9F@ &       ! #(    ! %H    &       !
M #4    ! "T    &       !.$))30/X      !P  #_________________
M____________ ^@     _____________________________P/H     /__
M__________________________\#Z     #_________________________
M____ ^@  #A"24T$"       $     $   )    "0      X0DE-!!X
M  0     .$))300:      ,U    !@             %>@   N@
M 0                         !              +H   %>@
M           !                         !     !        ;G5L;
M  (    &8F]U;F1S3V)J8P    $       !28W0Q    !     !4;W @;&]N
M9P          3&5F=&QO;F<          $)T;VUL;VYG   %>@    !29VAT
M;&]N9P   N@    &<VQI8V5S5FQ,<P    %/8FIC     0      !7-L:6-E
M    $@    =S;&EC94E$;&]N9P         '9W)O=7!)1&QO;F<
M!F]R:6=I;F5N=6T    ,15-L:6-E3W)I9VEN    #6%U=&]'96YE<F%T960
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M;F<         "W)I9VAT3W5T<V5T;&]N9P      .$))300H       ,
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M_\0!/P   04! 0$! 0$          P ! @0%!@<("0H+ 0 !!0$! 0$! 0
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ML_\ >A+_ ,='ZU?NX?\ VS9_[T)*?7$EY(/\:/UID2,,"=3Z-A@>/](1;/\
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MW5[JK'>F^G?_ (.NU)O3>JM>YKOJWD.KL=NKK-.0'"&;-C;]GK/:ZS]9L_\
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MZKN#?KU:XF VWJ1).@T;D+0?3]@?A/86EU3W/;! WN:YSJV:_OU,]+_KR9(
MGAZR'"%XL",QH,<A.4NVL>%M%[+NNFT;1C"FYAXDL8/TME7[SWW>H]W]15>G
MV,N;D_:#Z=>;2]KFG1K?HC&Y_<KW5*Q:VC#Z9BYE?OJJLW[9U^SW!U+J]?\
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MF;NAOI;_ &[F-224_P#_V0 X0DE-!"$      %4    ! 0    \ 00!D &\
M8@!E "  4 !H &\ = !O ', : !O '     3 $$ 9 !O &( 90 @ %  : !O
M '0 ;P!S &@ ;P!P "  0P!3 #8    ! #A"24T$(@     !?DU- "H    (
M  P!   #     03:   ! 0 #     0B@   ! @ #     P   )X!!@ #
M 0 "   !$@ #     0 !   !%0 #     0 #   !&@ %     0   *0!&P %
M     0   *P!*  #     0 "   !,0 "    '@   +0!,@ "    %    -*'
M:0 $     0   .@   $@  @ "  ( #T)    )Q  /0D    G$$%D;V)E(%!H
M;W1O<VAO<"!#4S8@*%=I;F1O=W,I #(P,3<Z,3(Z,30@,38Z-#@Z,CD
M!)    <    $,#(R,: !  ,    !__\  * "  0    !   "Z* #  0    !
M   %>@         & 0,  P    $ !@   1H !0    $   %N 1L !0    $
M  %V 2@  P    $  @   @$ !     $   %^ @( !     $
M $@    !    2     $X0DE- _T       @          /_A 8!-30 J
M"  , 0   P    $$V@   0$  P    $(H    0(  P    ,   "> 08  P
M  $  @   1(  P    $      14  P    $  P   1H !0    $   "D 1L
M!0    $   "L 2@  P    $  @   3$  @   !X   "T 3(  @   !0   #2
MAVD !     $   #H   !(  (  @ "    \     !   #P     %!9&]B92!0
M:&]T;W-H;W @0U,V("A7:6YD;W=S*0 R,#$W.C$R.C$T(#$V.C0X.C(Y
M  20   '    !# R,C&@ 0 #     ?__  "@ @ $     0   NB@ P $
M 0  !7H         !@$#  ,    !  8   $:  4    !   !;@$;  4    !
M   !=@$H  ,    !  (   (!  0    !   !?@("  0    !
M  /      0   \     !_^%"KVAT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N
M,"\ /#]X<&%C:V5T(&)E9VEN/2+ON[\B(&ED/2)7-4TP37!#96AI2'IR95-Z
M3E1C>FMC.60B/SX\>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O
M(B!X.GAM<'1K/2)!9&]B92!835 @0V]R92 U+C,M8S Q,2 V-BXQ-#4V-C$L
M(#(P,3(O,#(O,#8M,30Z-38Z,C<@(" @(" @("(^"B @(#QR9&8Z4D1&('AM
M;&YS.G)D9CTB:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN
M=&%X+6YS(R(^"B @(" @(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B
M"B @(" @(" @(" @('AM;&YS.GAM<$U-/2)H='1P.B\O;G,N861O8F4N8V]M
M+WAA<"\Q+C O;6TO(@H@(" @(" @(" @("!X;6QN<SIS=$5V=#TB:'1T<#HO
M+VYS+F%D;V)E+F-O;2]X87 O,2XP+W-4>7!E+U)E<V]U<F-E179E;G0C(@H@
M(" @(" @(" @("!X;6QN<SIS=%)E9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]X
M87 O,2XP+W-4>7!E+U)E<V]U<F-E4F5F(R(^"B @(" @(" @(#QX;7!-33I(
M:7-T;W)Y/@H@(" @(" @(" @(" \<F1F.E-E<3X*(" @(" @(" @(" @(" @
M/')D9CIL:2!R9&8Z<&%R<V54>7!E/2)297-O=7)C92(^"B @(" @(" @(" @
M(" @(" @(#QS=$5V=#IA8W1I;VX^<V%V960\+W-T179T.F%C=&EO;CX*(" @
M(" @(" @(" @(" @(" @/'-T179T.FEN<W1A;F-E240^>&UP+FEI9#HY,T%%
M,3%&-40U1$9%-S$Q.#5!.45!-D0Q.45"1$$U-#PO<W1%=G0Z:6YS=&%N8V5)
M1#X*(" @(" @(" @(" @(" @(" @/'-T179T.G=H96X^,C Q-RTQ,BTQ,U0Q
M,SHP,3HT-BLP-3HS,#PO<W1%=G0Z=VAE;CX*(" @(" @(" @(" @(" @(" @
M/'-T179T.G-O9G1W87)E06=E;G0^061O8F4@4&AO=&]S:&]P($-3-B H5VEN
M9&]W<RD\+W-T179T.G-O9G1W87)E06=E;G0^"B @(" @(" @(" @(" @(" @
M(#QS=$5V=#IC:&%N9V5D/B\\+W-T179T.F-H86YG960^"B @(" @(" @(" @
M(" @(#PO<F1F.FQI/@H@(" @(" @(" @(" @(" \<F1F.FQI(')D9CIP87)S
M951Y<&4](E)E<V]U<F-E(CX*(" @(" @(" @(" @(" @(" @/'-T179T.F%C
M=&EO;CYC;VYV97)T960\+W-T179T.F%C=&EO;CX*(" @(" @(" @(" @(" @
M(" @/'-T179T.G!A<F%M971E<G,^9G)O;2!I;6%G92]J<&5G('1O(&%P<&QI
M8V%T:6]N+W9N9"YA9&]B92YP:&]T;W-H;W \+W-T179T.G!A<F%M971E<G,^
M"B @(" @(" @(" @(" @(#PO<F1F.FQI/@H@(" @(" @(" @(" @(" \<F1F
M.FQI(')D9CIP87)S951Y<&4](E)E<V]U<F-E(CX*(" @(" @(" @(" @(" @
M(" @/'-T179T.F%C=&EO;CYD97)I=F5D/"]S=$5V=#IA8W1I;VX^"B @(" @
M(" @(" @(" @(" @(#QS=$5V=#IP87)A;65T97)S/F-O;G9E<G1E9"!F<F]M
M(&EM86=E+VIP96<@=&\@87!P;&EC871I;VXO=FYD+F%D;V)E+G!H;W1O<VAO
M<#PO<W1%=G0Z<&%R86UE=&5R<SX*(" @(" @(" @(" @(" @/"]R9&8Z;&D^
M"B @(" @(" @(" @(" @(#QR9&8Z;&D@<F1F.G!A<G-E5'EP93TB4F5S;W5R
M8V4B/@H@(" @(" @(" @(" @(" @(" \<W1%=G0Z86-T:6]N/G-A=F5D/"]S
M=$5V=#IA8W1I;VX^"B @(" @(" @(" @(" @(" @(#QS=$5V=#II;G-T86YC
M94E$/GAM<"YI:60Z.31!13$Q1C5$-41&13<Q,3@U03E%039$,3E%0D1!-30\
M+W-T179T.FEN<W1A;F-E240^"B @(" @(" @(" @(" @(" @(#QS=$5V=#IW
M:&5N/C(P,3<M,3(M,3-4,3,Z,#$Z-#8K,#4Z,S \+W-T179T.G=H96X^"B @
M(" @(" @(" @(" @(" @(#QS=$5V=#IS;V9T=V%R94%G96YT/D%D;V)E(%!H
M;W1O<VAO<"!#4S8@*%=I;F1O=W,I/"]S=$5V=#IS;V9T=V%R94%G96YT/@H@
M(" @(" @(" @(" @(" @(" \<W1%=G0Z8VAA;F=E9#XO/"]S=$5V=#IC:&%N
M9V5D/@H@(" @(" @(" @(" @(" \+W)D9CIL:3X*(" @(" @(" @(" @(" @
M/')D9CIL:2!R9&8Z<&%R<V54>7!E/2)297-O=7)C92(^"B @(" @(" @(" @
M(" @(" @(#QS=$5V=#IA8W1I;VX^<V%V960\+W-T179T.F%C=&EO;CX*(" @
M(" @(" @(" @(" @(" @/'-T179T.FEN<W1A;F-E240^>&UP+FEI9#HQ0C@R
M,30T,S(Y13%%-S$Q.48W0D1%1$0V0C8V.3=%1#PO<W1%=G0Z:6YS=&%N8V5)
M1#X*(" @(" @(" @(" @(" @(" @/'-T179T.G=H96X^,C Q-RTQ,BTQ-%0Q
M-CHT.#HR.2TP-SHP,#PO<W1%=G0Z=VAE;CX*(" @(" @(" @(" @(" @(" @
M/'-T179T.G-O9G1W87)E06=E;G0^061O8F4@4&AO=&]S:&]P($-3-B H5VEN
M9&]W<RD\+W-T179T.G-O9G1W87)E06=E;G0^"B @(" @(" @(" @(" @(" @
M(#QS=$5V=#IC:&%N9V5D/B\\+W-T179T.F-H86YG960^"B @(" @(" @(" @
M(" @(#PO<F1F.FQI/@H@(" @(" @(" @(" @(" \<F1F.FQI(')D9CIP87)S
M951Y<&4](E)E<V]U<F-E(CX*(" @(" @(" @(" @(" @(" @/'-T179T.F%C
M=&EO;CYC;VYV97)T960\+W-T179T.F%C=&EO;CX*(" @(" @(" @(" @(" @
M(" @/'-T179T.G!A<F%M971E<G,^9G)O;2!A<'!L:6-A=&EO;B]V;F0N861O
M8F4N<&AO=&]S:&]P('1O(&EM86=E+V5P<V8\+W-T179T.G!A<F%M971E<G,^
M"B @(" @(" @(" @(" @(#PO<F1F.FQI/@H@(" @(" @(" @(" @(" \<F1F
M.FQI(')D9CIP87)S951Y<&4](E)E<V]U<F-E(CX*(" @(" @(" @(" @(" @
M(" @/'-T179T.F%C=&EO;CYD97)I=F5D/"]S=$5V=#IA8W1I;VX^"B @(" @
M(" @(" @(" @(" @(#QS=$5V=#IP87)A;65T97)S/F-O;G9E<G1E9"!F<F]M
M(&%P<&QI8V%T:6]N+W9N9"YA9&]B92YP:&]T;W-H;W @=&\@:6UA9V4O97!S
M9CPO<W1%=G0Z<&%R86UE=&5R<SX*(" @(" @(" @(" @(" @/"]R9&8Z;&D^
M"B @(" @(" @(" @(" @(#QR9&8Z;&D@<F1F.G!A<G-E5'EP93TB4F5S;W5R
M8V4B/@H@(" @(" @(" @(" @(" @(" \<W1%=G0Z86-T:6]N/G-A=F5D/"]S
M=$5V=#IA8W1I;VX^"B @(" @(" @(" @(" @(" @(#QS=$5V=#II;G-T86YC
M94E$/GAM<"YI:60Z,4,X,C$T-#,R.44Q13<Q,3E&-T)$141$-D(V-CDW140\
M+W-T179T.FEN<W1A;F-E240^"B @(" @(" @(" @(" @(" @(#QS=$5V=#IW
M:&5N/C(P,3<M,3(M,314,38Z-#@Z,CDM,#<Z,# \+W-T179T.G=H96X^"B @
M(" @(" @(" @(" @(" @(#QS=$5V=#IS;V9T=V%R94%G96YT/D%D;V)E(%!H
M;W1O<VAO<"!#4S8@*%=I;F1O=W,I/"]S=$5V=#IS;V9T=V%R94%G96YT/@H@
M(" @(" @(" @(" @(" @(" \<W1%=G0Z8VAA;F=E9#XO/"]S=$5V=#IC:&%N
M9V5D/@H@(" @(" @(" @(" @(" \+W)D9CIL:3X*(" @(" @(" @(" @/"]R
M9&8Z4V5Q/@H@(" @(" @(" \+WAM<$U-.DAI<W1O<GD^"B @(" @(" @(#QX
M;7!-33I);G-T86YC94E$/GAM<"YI:60Z,4,X,C$T-#,R.44Q13<Q,3E&-T)$
M141$-D(V-CDW140\+WAM<$U-.DEN<W1A;F-E240^"B @(" @(" @(#QX;7!-
M33I$;V-U;65N=$E$/C%$0T%$,T$V-$0X-S$P0T,V-D,P-S0T14$X0D,U0C(V
M/"]X;7!-33I$;V-U;65N=$E$/@H@(" @(" @(" \>&UP34TZ3W)I9VEN86Q$
M;V-U;65N=$E$/C%$0T%$,T$V-$0X-S$P0T,V-D,P-S0T14$X0D,U0C(V/"]X
M;7!-33I/<FEG:6YA;$1O8W5M96YT240^"B @(" @(" @(#QX;7!-33I$97)I
M=F5D1G)O;2!R9&8Z<&%R<V54>7!E/2)297-O=7)C92(^"B @(" @(" @(" @
M(#QS=%)E9CII;G-T86YC94E$/GAM<"YI:60Z,4(X,C$T-#,R.44Q13<Q,3E&
M-T)$141$-D(V-CDW140\+W-T4F5F.FEN<W1A;F-E240^"B @(" @(" @(" @
M(#QS=%)E9CID;V-U;65N=$E$/C%$0T%$,T$V-$0X-S$P0T,V-D,P-S0T14$X
M0D,U0C(V/"]S=%)E9CID;V-U;65N=$E$/@H@(" @(" @(" @(" \<W12968Z
M;W)I9VEN86Q$;V-U;65N=$E$/C%$0T%$,T$V-$0X-S$P0T,V-D,P-S0T14$X
M0D,U0C(V/"]S=%)E9CIO<FEG:6YA;$1O8W5M96YT240^"B @(" @(" @(#PO
M>&UP34TZ1&5R:79E9$9R;VT^"B @(" @(#PO<F1F.D1E<V-R:7!T:6]N/@H@
M(" @(" \<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@(" @(" @(" @
M("!X;6QN<SIP:&]T;W-H;W ](FAT=' Z+R]N<RYA9&]B92YC;VTO<&AO=&]S
M:&]P+S$N,"\B/@H@(" @(" @(" \<&AO=&]S:&]P.DQE9V%C>4E05$-$:6=E
M<W0^0C8P03$S1C0S0C@X,D-",#8T1#,Q1$8U-T4Q-S@Q0D0\+W!H;W1O<VAO
M<#I,96=A8WE)4%1#1&EG97-T/@H@(" @(" @(" \<&AO=&]S:&]P.D-O;&]R
M36]D93XT/"]P:&]T;W-H;W Z0V]L;W)-;V1E/@H@(" @(" @(" \<&AO=&]S
M:&]P.D1O8W5M96YT06YC97-T;W)S/@H@(" @(" @(" @(" \<F1F.D)A9SX*
M(" @(" @(" @(" @(" @/')D9CIL:3YX;7 N9&ED.CE#,D8T,T$Y,4)%,44W
M,3%!,D8U03<Q-#4Y134S0S1"/"]R9&8Z;&D^"B @(" @(" @(" @(#PO<F1F
M.D)A9SX*(" @(" @(" @/"]P:&]T;W-H;W Z1&]C=6UE;G1!;F-E<W1O<G,^
M"B @(" @(#PO<F1F.D1E<V-R:7!T:6]N/@H@(" @(" \<F1F.D1E<V-R:7!T
M:6]N(')D9CIA8F]U=#TB(@H@(" @(" @(" @("!X;6QN<SID8STB:'1T<#HO
M+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B/@H@(" @(" @(" \9&,Z9F]R
M;6%T/FEM86=E+V5P<V8\+V1C.F9O<FUA=#X*(" @(" @/"]R9&8Z1&5S8W)I
M<'1I;VX^"B @(" @(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B @
M(" @(" @(" @('AM;&YS.GAM<#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O
M,2XP+R(^"B @(" @(" @(#QX;7 Z0W)E871E1&%T93XR,#$W+3$R+3$S5# V
M.C$X.C(R*S U.C,P/"]X;7 Z0W)E871E1&%T93X*(" @(" @(" @/'AM<#I-
M;V1I9GE$871E/C(P,3<M,3(M,314,38Z-#@Z,CDM,#<Z,# \+WAM<#I-;V1I
M9GE$871E/@H@(" @(" @(" \>&UP.DUE=&%D871A1&%T93XR,#$W+3$R+3$T
M5#$V.C0X.C(Y+3 W.C P/"]X;7 Z365T861A=&%$871E/@H@(" @(" @(" \
M>&UP.D-R96%T;W)4;V]L/D%D;V)E(%!H;W1O<VAO<"!#4S8@*%=I;F1O=W,I
M/"]X;7 Z0W)E871O<E1O;VP^"B @(" @(#PO<F1F.D1E<V-R:7!T:6]N/@H@
M(" \+W)D9CI21$8^"CPO>#IX;7!M971A/@H@(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @
M(" @(" @(" @(" @( H\/WAP86-K970@96YD/2)W(C\^_]L 0P ! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$!_]L 0P$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!_\  $0@!40"S
M P$1  (1 0,1 ?_$ !\   $#!0$! 0             &!P@!!0D*"P0# O_$
M '40   & 0$$!08%# D)$@D-  $" P0%!@<1  @2(0D3%#%!%5%A<8'P%B(Y
MD:$*%QDC6'=XE[&UP=$8)#)24Y+5X?$E)B@I-CA6L[8:)S,T-4)$1D=R=)66
MF*+2U-9#14A456)CI[=7969H=H.3E*.EIL+7_\0 '0$!   ' 0$
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M>5MSMT'Z\K_'!LQ"]OD!]/&^U[V-K'K@V8CU^/SZ?K[;>0Q]Q=.11!N+A<4
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MN_4*Z;LFBS1N\67<D/)J+LE4DA:F88NMI6[0D1QJP1]Y !MV42@V<J+*S;D
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MI+G2^*JX,'"H55NT29=:HXX[0T4",]D;O5#%C?8/9;L!?90=K<]B0Q!Q5C8
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M&*F,4H"8PE* <^(P\(!Z1$=--/'GZ] V88ZK_0P"!NBRW(A*("4<(PV@@("
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MS:)"Y??#%HW 0(*SJDHMD2F-^X+UJMG*D!CZ:$ 3 )A#0 ,/<#@]U1 >5[3
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M[4/?] \_0%(,W0#X#RY7OO\ 'G8CIB/>M>W(V(^>W3?>_,W^ \PT2E!R^"T
M4.8Z^2VGHY!]K#].P.?+V$#Z].O,^',[X!K^ _7ERW]ORY[X^)J%2A$=:K!>
M;_4UKSY]_P#H?JVG'F?Y>7NWZ[8GQ0*'2P_VK0/_ !8U_2F.T;W&(W^[#[]O
MCUQ]BT6E"  -7@=?#6,:^?GWIZ\O1KM*20>GRZ;[['F+87.QY6ZCS^'GU^&,
M=W2]PT/"=%]OK(0\<RCD5L.RRJB;)JDV(HKY1B2 <Y4BE Q@(  !O, !W!M4
M@),T9/CX[WTDW-O$"V_2_C?$'_*_LY6V_,.7LZ>?SYF..-/A&(=PC'.0Y#_[
M1ORU^?V>S;>^$_\ :X\J2H._MBQI7&G^QO\ O<'_ )9,27E4SG:0.AB%TA1Y
M<//A\L2P\S!ST !Y!^7;I2.JEBP8]^U[\NZO3V[W^5\<C8$6L; BXV!-]R?#
MK]C%B,@8@?NBFY"/+S /> >8/?GM6$@8G8CESWN3Y^?/$EK[@CSOSWV\^>^U
M_9CY@!N\ 'D F[O /'GM/MX];>_[Z<\2V).X\ST-K[[6!/NY<L3M@=^&S1F,
MZ7BY/%V.'L72%&SEI,OZY5WMCE7"",RBJG-RLC5GJLI&JA.O )&/^TH)HMXU
MJ8ZR;$HJ8B3*86GEJ'J*B\UU*!I B*P6P15<6W4;CF+G8G&43-)%@AINRI]$
M)!5^S3M6L6)UNRW=;O;2U[*%%C8'!+[Y$W-H(-%\:T5F=N9)9!]#PU8BY-%9
M!0PHK&D&521=NE4R"5$YG:K@7#=))!R"R9  (+ET*#69ISO:TC2LI-B=@93I
MN;GEM<VM?:E+F4SD+V4 M8W2*)3;H2W9WYVOMO87)&V&_P J9_=Y2B4HMU3:
MY7!09LV"9ZXTBXAMV1I($D Z^.B(2*;NWAU$D4%9%P)WBR2)!=+.5PZ_::&!
M869D>1BQ-]99N\5MM=CIV-[ #>Q\;TY:AY@%9(D4*NT>E=E-P2%10U[=XG<W
M)))WQ&]801(<Q U$=3& 0X@T'0HZ@(\BB(E#0/#N .>U_$#(P5N@TJ>1OSV/
MB &W/*W/%D]DOHO<FY/,6\+\][C"GHU(E;B_:*,8U1]&)S<+%RYVRFAFH2[@
M46@N ("JS5!\=-1F@^,D+=%XH@155,RR'6;EPYD2YA6TTE0JRY?'/(M9'VCK
M*$CIGG!81E9.SD90@>-MRLBL5 9Q1035,JP0AR3+2JTB% (TGGT$W(8KW4<!
MRNA6*@L'=09]Q>YM'W&F/'=954.A!,+(:TNWRA)).JJ.(1&5BE%5C*)E*Z>.
M8=S'N 3X/)Z*QWC@W5 0IM\E3A_(UKE_9-,HK:41PQ/KE]96/M(I.R%0TKQZ
M1*D@:-E:0@*-Q<;9!PA2U2]VHJ97C [\C*32RZDE1[HJ'5>-E(.R@[[$6A!T
M1?/I--Q<>?/>1QB//P_JZW\_F^?V[>'3^3W#[^]_:<=J^>.J]20TJL*'?HU-
M_CU?5^3:@GY1[_J<1/Z#Z;?+'*7Z6(H!TEN_,;EJ.]#F+PTY?#*4'S (CW#X
M@'?XAM53G]^?QY^?/F.6(8SK_4LTU7:Y#=);8K>Y.RJ=?QS@6:L[U)%PY5:5
MV)9[QS^;=)MVB2[I=1O&(.E2HMD%G"HDZM!%14Q"&H52LQB51=F8(HO:[,0%
M!Z6O;^AQ5B%V(\;"WMN-MN9Z>>-A6GK[I3YM6;U6<]9D-'K-VT@@L(3!$)IV
MXLX7DLU)LUZ8DH:1>69EY9<)KI$8+N%GZRL7VI]VE/6*[B++,K3M*V=8T$ST
MQ98JAP)E4L4(2)K$A7TL3I8(UB2IQDN$,LGXZSK,>'^& *_-\II!7UU#)+%0
MO'2=M'3&9'K7IXYE2:6%)! TA0RQ%P Z8M=NMVZ1C\P.W.]'O(U>#E%Y:0:U
M6 G,AOV[ANU:$:"V0;%KTG,.HJ$:N$6K=(RRJRY 1:OG+]-NDBE"AXGRC,HW
MDI:GM(XI(899I(:F")9:@2&*,O+&B!G$,AWM95NQ YPXIRN;@S.8N'^(6AHL
MVFHAF(H8ZJGK)(Z,RB!)JAJ.2=*=99#:)9G1Y5!=5*+JP^U"Z33<FLRM+J51
MRA*O'=@:.V-<:N,?9&:'7"M13IU(H.5Y.MI=D<LF<6[[0F_537%P@= PG<&*
M0V:S1ER>@ES2O98J*'L.UF5A-I]8E2&$A(>T9E>25 K*I!4ZC8#%/AVAJN+,
MZ7A_(8FK,T(D9*<E:=&6.G>I9EJ*@QP,IAC+@B4*38#O6NZ4OON[MT(\BHUY
M>7:<A.FD$XMDA4[8Z<.S1C!22>BFBA"JG J+1%0P&.!2G/P(D$RJA"&P-)Q+
MD];25U=2U+-1Y:(#65#05,<<'K<PIX =<2EF>5@-*W*K=S8#&6S7A;.LDXPR
M+@&OI!'Q5Q'0U68Y3ED4T%2U11T8J#-425%-++2TJ+ZK.%]9FA,K1L$#$6PF
M6V_KNNO*FM>"WU^E76\4E,K+/*;<F+Y&,=%6,R>+13F#2DTT7I&ZJK,3-=7*
M0 JD!TSE$;E<VRXRR1)4!WBJEHF*I*5-4Y*]DCA"CZ2I5RC,$;8L&-L:SF[)
MP[4Y11YP)**KSRG>KRZEEAD]8DI0P5*B2*/6]/%.#VE.U2(A41:9H.TA8.4]
M6^D7W2[;\&0@<BR#T]OBTIJ"*I1[PT4=Q3AT#)F_62=5Y$[%N]="DW8G> AV
MQ1=J5N"AG3<%+NKJH:"FJZFI;1#1U4M%.ZH[Z:F&#UF:- BL9F@@O+((0_9H
MDA:VAK667YSE68YQ4Y#3UT S"C:F6M,^JEHJ-JNMCR^G%7F50(LOIQ)5RPPA
MYJE4#2)K90P)L-KZ3?<WHKIRSM.2Y2,5:2P0CHRE R J@V?]:DD(*N4:THV*
MW 5DU#.NMZ@&Y@<B?J/MFT,KK*;-NQ%!*DYGC$L5]49:,WN0)50@C205-CJ%
MC;IF<V@DR/-*[)LR22GS'+99(:NGT&1DDC3M"$:(NDRNA#Q-"SK*C(R$AQCQ
MONE-W((UG<))]EA\V;4.O!9[(H>A9!U:PGE%M$&=M$_@SUDF9.5>LH]5"/(Y
M<)/';5 Z93K$URM10U=++E\,L1#YI4^J4=N]VD_8R5&AW36L0["&275*44K&
M>F+?)YH<]IZV?+)DGCH(HYZG6?5V5):NEH8]$=0(Y)F:HK*==$:LP1GE*]G%
M(XBWT@6]1A7>LZ)W?EM^$+.\M5>AL4/XN0>NZY8ZV*+]RM#2"216]CBHIPL8
M6BR2J@HI'*EUA"*"4Q@+L["2GJ5CELL@=M@5;\H(-])/G8D[]#@70FIAO^+3
MLJ3(0P*LX5UM<68$'\RDK=64&X..=1CD-;$.O=Y/=<O,/6M^?AKKZM/'GMNO
M"9(S<6_X2H^%XL:9QI_L;_O<'_EEQ)N2U['!<_MOD?03?^KY8EA#S_NBETY<
M_'S;='&[OM==3$#G<A%]^Q/LVY$8Y&W+<VOU^%N7*UKW.]^>-Q#)VY'T66#=
MU'%^\/G;"I(6"AX'%5@L3BIREY=S5ZL-DKS1JE7G#!*R +AG+S$L$R_;L7,(
M3^I93.9!"((_:.M(AS'.JK,*FBI)]3%JB.)7$86)$D)UW[.Y*("JEM6Q.Q-C
MC='H<HIZ.&KJ8#I5*9VT,Y:222,7CMKY,Q+,%*;);4-L-YOW]')NB9CW.Z3G
MK=+QM 8YMUI>8(>8TD*XWDJY%7" SA=Z32XB,ME=656:-UNKOK"6\H#'I3K)
M]'@R<NSM57;8U;+,WKJ?,)::NF:=$%0)0Q5FC:GCED)1N>YC(/>*D7-KBYI9
MCEE%-0QU-%$L3OZNT;(#&KI4RQ1*LB7877M58,-]0TZB"3BZY4W:^BDZ+S&F
M)8S>%PW)9EM62GSJ!<7"1A#W6P2[N$;1JMKMJL)*6:&@*I6(4\S')IQ]804G
M.H?LD4FU@?I/Y$98*W.\[FG:EJ$IXX+,J:M"@.6$:=V-GD=M.Y>RV%S883TV
M393%$M3 9WEU*TA7M&?0 9'"LR+&BW%@@#;CF1?"COG0^;J,3O8;LF1Z11T)
M# .39B^U7)&('D[8W]8"36PGDF]T>V5R0-+!88Z-6DZN8)&-\M*,47PP01:#
M9BN\:;0AX@K6H*Z&2;^]0)')#. FNPGAAD1UMH9N^-)T7TW!OI!Q&;(J$5M$
M\2@TL[RQS4Y9R-0I9I8Y$);6$+1W*ZR00O1FQ3>*P7T,>XY>2_7OH-?B+!D^
MLMPJM)4A;YD*-JD!'K.XUS:V\(W<S/D]68F5%DSS<FN9\Z4AQ95U-N$=,J.)
MLOEXFS@!*(R3LDA#%.S629VL1& %!DLMNX 6[QN-P,0K(>'LI;55QK'VT:E4
M/:RK&H)7M3<DIJ8@:BV]@!R)9"[O.(^C;?4G&L=@K<$S/O5-+(\C8>QY>O6)
M[TVBU4#$(W=W!S:KVS3IB";MT<RB456"PT*@D10ZR[%-(BSC<(<IS?U6KJ<U
MXBR7( L<DT&7R5]*]<\L+R1^K"@@<UL)70P8SIK8E2L3EL7&69=D=5%"T&75
M5<)#V9JI89B!;G(7<]D-;'E&% M<M8*<)7I.-WS=NZ/AUCC*&)L8DK-%S',6
MO%F9*)!*N9%D^BRP:=CB+E5$9QZ\5JDY5UHE1^",,Y:0;WL[3M,4!R.G#G:O
M1MF^89G1YAEDH,K4#4N<458H1'II#)ZM5BN9 HJZ1H6"L'5YHEUZ' (T7-;E
M5'DLOK5%3G\=9X:RG [1IX8HC.OJYD9C%.A1GB572*5[(RZF4XQ+6O>1+6L:
MV_%V-G3PL9DR^S,0ZEP:.FA'U?3@8B"(BT(L0CA( 69B1P IF4=!*)M>T)JI
M+@?K.84%FBS&MHJBKGHZ%8Q# $=::62:622LJ9"PC%+"LP+.&+ PLR1N@+K"
M.61 T,8EBI:K,::G[81G5)%-3(0L*;N&O$8R3'I+RJ=5MV@'T1GRFNXO^$CC
M'EYOZO-_Z//Z]O![?D^'UO[OL8Z5CJOTK^Y:%_X*/^.5VH)^4>_ZX8Y3G2R!
M_;*-^3T[T68N\/#X82NGOXAXZ]]5+7\_O^O7ZX8S4?4T$<C+8LZ62+<:=GD<
M%XI8+ZI@J44GE:WFFRH'2$0!0O H83$$0XPU#4-0':SS"5J>/MU_- K3 >)C
M!8 >!VV-]C;:^))I'BI*R6,V>.EG=#U#K#(RD=;@@6L/KB86YY?4'N*(VI6*
M302LL+-KTKJ7"Q *$HQD3M$V(&-R(H<[9^!?W/6*&%0VIG  /-N.,IJ9Z/.Y
MJ>G+402ESJ"0;!8EB>:IDWL#IIF8Z0;V2P'=N<;Z,>.,BX ].N3\1YE4S4F2
MYUP_74E?/'$TJK3YA30R4#R(AU&$YB*!3;9792YMWA8(3)E?R?O+Y!QT_:)S
MU?A:TE5X1ZD0AT64K&KGF["?K1.5=J=V#F/,V<-Q!8%68%'02F,GCLXR63(/
M1OPU6TTH@K*K,9<VKD)8-/'5Q&DHD(N!(L"12WC:X J&(L6%NH^B3/,C]*7I
MOXYSKC#*5F@])F33Y-P[E52&F:@RCAV.DJX2LP5?5IY:;+FJ)*R#LI$KA'V#
M*9-6$+B+&[JA[U$M694$U6L1$3ERJ#OJRD[:WMJ18@9 HDY)KG0C9..>M"D2
M(G(L)5VDDFT?LS+R9_GXS/T=PR1NX#5E/2UD3$V@]2)G>*Y/Y!(]/-$QN#!-
M!&2TD4N.I\%<&47HH]+.;)F=4JY'3\*9OGF4YK5LB,,L@EA2H2ID.A!-E\4D
MT3R*$$L;*X5%;0C3;S>\&^A\W+VRKO",V^+BHT&G%=G*$?.Y$LJ(C(C) 83"
M,7 PB3N6M+E( !I&KMV*:C129CWK;H/HZX2AS/@-<LKX6,>?3QYK7E.Y4)1T
MY*4*Q,.4LDY/8@;:DEE(816/DJK](G%%?Z29/2G'4S1\054E9)DK2Q)4'(N%
M*)I8TI*>"8&GU5!JX\NI:8I(E7754L[I,14ZK)A0MUL^,HZF2:S@9G*LO VB
M>*4X-)!KB-W8;<8;'V4XIHQ;-E2GD 9!L"*+5,DO#QR"7:'+=%.OGM9D&62\
M15<9C$'#U/#195$6)2ISN*"-4I$8:GJIILQ>?MBK/(.QJ9F 2*5AKW'R9U!Q
M5POG.;">>1:*6IGD-F_O$]&'I(G*C\..26"H2B06B%(L"0@1]D,(U7),S/9%
MR_D*C1+J,I&.81G1ZRVCR%1@F#:O&;LZ>U0 XCPM8R>[$[.1$P..LATA**BS
M%1':[IXJ2ERS@K(<UEBJ*^OKFS;,#*09IVK!)-FID%[%ZNB+TZD]PB<@@"12
M*,'#^:KDF>SZ D7$%$QXGK3#(YI1FU3'3Y#'K17$<QSWU*LI]9"J]')(+:1>
M<60J9#[Q.**]DNMD1>*7&LH.IU)BV*Y7<*';%3,X.T**2SJ1AU2*MP227[0X
MCCI$3*NHR:LAXU!5MP7Q1F62RN>SRW,95I'=REHA(7C779E2.IC*N&9= =6'
M=$A(]*P976^E[T:9)Q;DN7$\?\"4]+PSQMEZ$FNSO]E45-'3YO3D@-453P1"
MH1'#5$T<M31Q/.]'2K-!FCX_/D.R4W%%G55$)I2Y8SNCB/.*3E]7C4Z;LT/.
MIG4(;[<UE:W6)QKVDBK5><@CIKD<-TUDS]PX@XMBAX7DSRE5359>U!7TL<UF
M J174U'-"VG?\6"IJ(&9"&]7J-2Z&L1H7HBX6&?>D!,F';4U!FR53S(+"2BD
MI*>:HD5D90 :>>(.L+A=2]DI"FY7(!!4M''O0S])]2TGX21ZJE.UQV[( D2<
M/(9K76"SE!$XF4;IN>H!;J%#'%(QQ*4QB 4QK6CS3]L-2YB(^S2NIX*N)"07
M2.H@6558BX9EU%"X-FTWYW O\_RF;),^S_+*@JT]#F$M&\B*R)**:5HUD52
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MR&_G:V.1<:?[%_[W!;X2?IB3$H84VT!K\;6)$1)^^_JQ+ ("8.8:]VH!KX@
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M6[N,!F535YAQIZ3*L0O'5<1^D_B:BA@L3-'30YU5O51Z3NQ,, IG%[*\X/\
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M_F7=LA6%6A2+N5;0M*L<9CG4(4#E!WM*NP[8Z%!=3&=@#NZ?1&<NDVW& _\
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M0M<6QD\=67HV,UWC>-W$]V+..2EHE>^9,QC'6:T+042U@HA24<OI!%4S"(9
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M2-ADR.$KJL+$[JL,UXP\JG#R"<LY>F285FE-2NEI!ABW1MFP4V2>1;FK79Q
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M.-FKEZY09LVZ[MVZ5(@V:M45'#APNJ8")(H()%.JLLH<0(FDF4QSF$"E*(B
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K,&S#!LPP;,,&S#!LPP;,,&S#!LPP;,,&S#!LPP;,,&S#!LPP;,,&S#'_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>27
<FILENAME>g494294g22y84.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g22y84.jpg
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1.05:HDD(:22::66:5FZ__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>28
<FILENAME>g494294g27p34.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g27p34.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[1[@4&AO=&]S:&]P(#,N,  X0DE-! 0
M     !\< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< @   @   #A"24T$)0
M    $-/)GTL]C>HHA4@U:H05G"LX0DE-!#H      .4    0     0
M"W!R:6YT3W5T<'5T    !0    !0<W138F]O; $     26YT965N=6T
M26YT90    !#;')M    #W!R:6YT4VEX=&5E;D)I=&)O;VP     "W!R:6YT
M97).86UE5$585     $       ]P<FEN=%!R;V]F4V5T=7!/8FIC    # !0
M '( ;P!O &8 ( !3 &4 = !U '        IP<F]O9E-E='5P     0    !"
M;'1N96YU;0    QB=6EL=&EN4')O;V8    )<')O;V9#35E+ #A"24T$.P
M   "+0   !     !       2<')I;G1/=71P=71/<'1I;VYS    %P    !#
M<'1N8F]O;       0VQB<F)O;VP      %)G<TUB;V]L      !#<FY#8F]O
M;       0VYT0V)O;VP      $QB;'-B;V]L      !.9W1V8F]O;
M16UL1&)O;VP      $EN=')B;V]L      !"8VMG3V)J8P    $       !2
M1T)#     P    !29" @9&]U8D!OX            $=R;B!D;W5B0&_@
M        0FP@(&1O=6) ;^            !"<F1456YT1B-2;'0
M      !";&0@56YT1B-2;'0               !2<VQT56YT1B-0>&Q >0
M          IV96-T;W)$871A8F]O; $     4&=0<V5N=6T     4&=0<P
M  !09U!#     $QE9G15;G1&(U)L=                %1O<"!5;G1&(U)L
M=                %-C;"!5;G1&(U!R8T!9            $&-R;W!7:&5N
M4')I;G1I;F=B;V]L      YC<F]P4F5C=$)O='1O;6QO;F<         #&-R
M;W!296-T3&5F=&QO;F<         #6-R;W!296-T4FEG:'1L;VYG
M  MC<F]P4F5C=%1O<&QO;F<      #A"24T#[0      $ /      0 ! \
M   !  $X0DE-!"8       X             /X   #A"24T#\@      "@
M________   X0DE-! T       0    >.$))3009       $    'CA"24T#
M\P      "0           0 X0DE-)Q        H  0         !.$))30/U
M      !( "]F9@ ! &QF9@ &       ! "]F9@ ! *&9F@ &       ! #(
M   ! %H    &       ! #4    ! "T    &       !.$))30/X      !P
M  #_____________________________ ^@     ____________________
M_________P/H     /____________________________\#Z     #_____
M________________________ ^@  #A"24T$"       $     $   )    "
M0      X0DE-!!X       0     .$))300:      ,U    !@
M   #)   !+4          0                         !
M  2U   #)                      !                         !
M   !        ;G5L;     (    &8F]U;F1S3V)J8P    $       !28W0Q
M    !     !4;W @;&]N9P          3&5F=&QO;F<          $)T;VUL
M;VYG   #)     !29VAT;&]N9P  !+4    &<VQI8V5S5FQ,<P    %/8FIC
M     0      !7-L:6-E    $@    =S;&EC94E$;&]N9P         '9W)O
M=7!)1&QO;F<         !F]R:6=I;F5N=6T    ,15-L:6-E3W)I9VEN
M#6%U=&]'96YE<F%T960     5'EP965N=6T    *15-L:6-E5'EP90    !)
M;6<@    !F)O=6YD<T]B:F,    !        4F-T,0    0     5&]P(&QO
M;F<          $QE9G1L;VYG          !"=&]M;&]N9P   R0     4F=H
M=&QO;F<   2U     W5R;%1%6%0    !        ;G5L;%1%6%0    !
M    37-G951%6%0    !       &86QT5&%G5$585     $       YC96QL
M5&5X=$ES2%1-3&)O;VP!    "&-E;&Q497AT5$585     $       EH;W)Z
M06QI9VYE;G5M    #T53;&EC94AO<GI!;&EG;@    =D969A=6QT    "79E
M<G1!;&EG;F5N=6T    /15-L:6-E5F5R=$%L:6=N    !V1E9F%U;'0    +
M8F=#;VQO<E1Y<&5E;G5M    $453;&EC94)'0V]L;W)4>7!E     $YO;F4
M   )=&]P3W5T<V5T;&]N9P         *;&5F=$]U='-E=&QO;F<
M#&)O='1O;4]U='-E=&QO;F<         "W)I9VAT3W5T<V5T;&]N9P
M.$))300H       ,     C_P        .$))3001       ! 0 X0DE-!!0
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MQK&;+&_G*>/:VC$R*65;;;K*'&AP8UY#'7_:0S;M_FMU3T/)HQ*:ZP&L=DM
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M ([FI.^N[W5['8#(,DEMKFG7^JU+W(]T<4>[U<XOVX&R S838VOD@#V_S/\
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M &0 ;P!B &4 ( !0 &@ ;P!T &\ <P!H &\ <    !, 00!D &\ 8@!E "
M4 !H &\ = !O ', : !O '  ( !# %, -@    $ .$))300B      &*34T
M*@    @ #0$   ,    !"&8   $!  ,    !!9H   $"  ,    #    J@$&
M  ,    !  (   $2  ,    !  $   $5  ,    !  ,   $:  4    !
ML $;  4    !    N $H  ,    !  (   $Q  (    >    P $R  (    4
M    W@(3  ,    !  $  (=I  0    !    ]    2P "  (  @ /0D    G
M$  ]"0   "<0061O8F4@4&AO=&]S:&]P($-3-B H5VEN9&]W<RD ,C Q-SHQ
M,CHQ,R Q,SHR,3HT-0     $D   !P    0P,C(QH $  P    '__P  H (
M!     $   2UH , !     $   ,D          8! P #     0 &   !&@ %
M     0   7H!&P %     0   8(!*  #     0 "   " 0 $     0   8H"
M @ $     0              2     $   !(     3A"24T#_0      "
M        _^$!C$U- "H    (  T!   #     0AF   ! 0 #     06:   !
M @ #     P   *H!!@ #     0 "   !$@ #     0     !%0 #     0 #
M   !&@ %     0   + !&P %     0   +@!*  #     0 "   !,0 "
M'@   , !,@ "    %    -X"$P #     0 !  "':0 $     0   /0   $L
M  @ "  (   #P     $   /      4%D;V)E(%!H;W1O<VAO<"!#4S8@*%=I
M;F1O=W,I #(P,3<Z,3(Z,3,@,3,Z,C$Z-#4     !)    <    $,#(R,: !
M  ,    !__\  * "  0    !   $M: #  0    !   #)          & 0,
M P    $ !@   1H !0    $   %Z 1L !0    $   &" 2@  P    $  @
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M0L'1\!4S4N'Q)&)RLC1#<X*2HM('-5-CL\(6)41T161U@X3#T^+_V@ , P$
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M^'GYCRVZ\-('A_/^N^(V5IV,"!-A$S%B0)'3Y8.M0I"@  ?H"=QOU ^_X[<
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M&%S[HWY<SON?ARVP1 *P>AW]QL+'D(N)/,<\Q 5C? .,X/X=?+\XX6OP^?\
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M^7+GYX:^\@R8ZB^_PWY6%^0!IM+Q/NI4K;T^(^!/$9TWOY>?G:.HM.)4-6T
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M]7"H -5I%.FBDQ(!VD1M<:U/A7$:D*&X/E$(@A:E+,-$6!0/34P3SLQZ1:/
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MT^'5I2G]D!^TS_6\S26HN;R=.F">X2]-E8\E@NH4P))U$F]N>,*OG7.MN)\
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MPS6%5UF.NK6O_P"%U2U3 _'8<A$);\4\\IQAO]B>\5CW=TSG*T@5)@ZLP,R
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M>\0EIIE+NVP2^TLG)4I8(P22B&!LH[IC[1[W/=92&.FX,@VC;GBR:!J%27J
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M,JTQ*L:KS/VB)0MJDNR%$<A=ELKK$1;CB0">3#V&U?\ E&TH=)YW#C6X)OF
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M7'<7&,6- 6VL!3/^[!2F5@!62W,O9X!>""D\B?W@I.-CPFXAGP2#5K!A[:@
MC:9*J9 [TZC)(L=L3MQ[B*,49JJ,/:4MF@9($;YD@V@S:T80)/:'O:1*<F.,
M4Q]3R2AY,J@OU-MPK45N.K35:Y-+K[RC^U4XLI7RC(W5EO7,\TEJU4 B#*(;
MB\E=)D#Q$D$2#RC;CF=<]]W:01.BH9F;7S$F;W/3;D0E:_WNKNFB[2XD- *>
M5G32RYB4H&7$!$>H-/-*2'<<J%/(0WE;B>98PJ,9S.E0&S%;2!,* +W ,:(G
M<P!,S?5@1QC,!%IBI4%)00%[$E0))[JFN5$N>1$$ZM\$&]?+^*?V\UA 1E2'
M(>G6G;2^<@A.77+?*]ED#GYUJ"<<J5!"4\.N=S1G55KD"08"KRL(T6]\7ZX#
M]I5ZD"L^89 >Z@I(RVVC6Y\YN;XD?2N\;JU)N-F+]J3'6*:XS-G)J+5C4:FR
M4M+;+,$N,VVAU3DE:%E:$+PVPVMQ2EJ2EIW3X/EZG$<W=\P:=%35J%ZP5"00
MRJ=%,,TD>RI) EK"V.D]',L>,9U*='MV7+E:E5:BY3+I"[)VH!<%B-,*I:+V
MQ8&T;U@:A*OVBMQ*9;=QVD:G2Y4.14(#H4\R)L6/,ITJ-0U=^I,F,H@(+:4K
M2VKG#;C3AZW+<3]<&=RS4:=+,99F1@K V@A*DE ;D7@<^L''I7#^+T>+#BF4
MIY.AD<WPXU*34W-$EF':*E6G46E!AT,D$D$@X@FD=I6W*7:UO4INDUNX;HC4
MF$S4G6E4MB*FH(CI0^OFD4*7*?=*^8NN<SX6X%*"^1.#CY?TFI4\K0H-1JYK
M,]B$?0R]ZHEB-15CM<D+OL3N.7RGI]E,GD<G0.7S&=SW8HN8TTZ*ZJH !8O4
MHLS,3<@(PU<S&)QLG5:BOUQJ3,?H])-=L$7#0FZO58,=4>X::_,16[<J4A5O
M=RF9-:1 G4[O8S31@+<Q(4H.(&A1XI5J5*7;(M%:]$O1IAE5DJKK#4RPB&8!
M753I)53W;XZ+(>D5/-9BCVZK03-\.]8RJ/4RU.HF9H-63,9>M4:G35'9!2K4
MRT-V8?0I)$MR5VE%7)8MES8U7BP*HF]K7?N*E19D&+(;[BII$N*\T_2VBNE2
M65,.I4Y/>C.1\MR&_=<2FI^V!F,I2S"U"M=<QEUS%)*L,%[=1W=2CNLI'>V-
MSSDT#Z44LYPW(YNC6%&OZ_DDS=%*]-*BJ,RG:TPA1==*K3A0YU*X+!A;$ZR-
M0K@=M>HW7#?;>HL.'/FJE_9M*<B(8@,F1(D^(\.DNL-AE?+B,% I*0OERH]&
MQ0T?6$S%0(E-GEG2--,=[26*3!4QR-HFV.LK9Z<C6S=%R:-*F]1F*T^STTU+
M.VM2W= 5H*H9.*9:<:HU6DZ<WSIS4KM@VZ*G3)%QV@_":@R)+,RJ-N3FZ(FL
M)DL3:,HS6V$O1TO*=9$E]Q3!Y$)7Q.0XCHHYO*U<T*+U@U?*,C=VF:S-JIG0
M=*N#I,6A2>N/,.#<9[+AW%.'YCB-/)O6HU,[PRHM80CYC6WJ^I& IU!4TF&(
M*ZFV!G%N&-0ZS?NARF;:OU%,N6LVK$84XBAU-N1!JB$,,3XJZA!>EK92X^S+
MB"?'9YT\Z7TM)6 WQT-"H^?R [(E*ST67M0"2CK(+C?=A$B1)D;8[BGGJG%_
M1T5<CF*=+/U<F *T5"]+,:0E75I2H485!4 <>PT, "(QKYJ2],Z79%#4Q)N*
M;JK*JBG+D7.BR8\&VQ$J+B) #ID!-0E.I924,&(XL%U;C\IEQL,<<8XR%'+E
M7IUGXDU1@]1GJ#LV6H=1([JL-,:?:,R3UQY%7_8V7R%(BIFJG'6K?VG4[JN5
M>E7<505**';2@@%B\D$A<6IN?42R:Z_9&IMGBGO4NT*I]@7A"30:A3*DS2KF
MC(81/J89G.MR8],FPTN0"PZC^E2#DD*4A'15<Y1S5.AG:&JH<C5';4VI&>SJ
M#3JZ0-P21)40Q(C';\1XUP[.?L[C62';4.'Y@4.)TE7,4*E.AFDTBI4T:052
MH R$%QO).V(^OZG0/M&Z[<M6YF/L&9>MDW)3IL)VK""PQ>U*J%/K"O#*<7AF
M-.?86]^R,AR.6T,J6GGXJY[LZC9E*%732J'*YF5ULJ&HS4ZATH2 3K5G!),L
M08(QA\85-7$\IP[-FGE:W$.&\0I/2J5^R0<12KEZY&EB-)=DJ$.14(8*+2,"
MTO1:W%:OKLL3)%0M:ATFGUFO2)3$^(JI2UP.\0P2F*IR)XF4^2/V80F&V^6W
MU*"5EAP=!Q"AE.^U)::U*Q*$,WM6TH94/W1NL"1,Q->EZ,4#Z1#A8=ZV4R^5
MHYG.-4IU0:CZ7A"%3526H^E5)'=4EM1(O->C-)MJ=IY;<BM4J!$RS(C(J,ZW
MZO5$RRQ4)49#D=,::TVMP=TVA2FF6^52>4N<P6#T/!\O2J9(#L%<I6K(!I>&
M5:K02YM,1:UUF#;'9>C.5RE7@N5:ME%)3MT5SZRRMHKU$#]Q@LZ5TFP-CUP[
M*E;=C4Z.^[%I<&6>^;2](@Z?R)'(2]S(1*$BL-+2J2YA+:U.)<YRVVE6_=JM
M5\MED.OU(=H8U%:+,S #O"S 0+S<^0(QI5.'<*HTVJ>J4V8D"HU/*9NJ1WI9
M7!J@*6,!6E6$[&<;4_9).0J)VP;+@1Z)&I J$NG)+C-(<HR)JA;NH7O*8<ES
M"IYM+Z HA20.923S92>,'TFH4J?"<RU&F*<T$9R*>@ZO6,L-)@[6,2!%H)D@
M8OI-E:%#A7$!0RWJP.21V"TWHZB<Q2:'2H[$E),BVECSMCLB<;1S8Y2$D9YC
MT/7  S]/7;UX\K#&!<R !$WZ7YP/#YX\2"J=T6#?V0?=L9/G/( #;&#D5G"2
M.4G!VY<XQL?+X8 \OINXJ-TZ1!%NEI'SWZ86C<"1<S9B3>Y)TR(_N_'!+N$>
MJOO']G$TOT'Z]^(?LNI^!_/%0UQ9"22H$9.VP(^GTZ]/Y<=0'0"PMLP)-]B/
M=Y2=I!MCG&HU1-C;: #X<B?>?/H1@L4+3UW'S]1YY_AOY^1W<:9]F\CF21,1
MOI)D<OI<&*&%C!D&UA?X?6)G$>ZL*,?2S4J01D,6!>+Q.^P:MVHN'<?!/EGA
MG9-+@&VD\MR;3N-R?/!4U/:4P?O.H$WTDD;B.0W\K^'!=V" [2H6KU3<J,F2
MS4Z5;A:B.I*V82Q6JQ&PQR-E8YW'6TJ2KG_<RE* %$:?HT"368*(84F+2 Q"
MAAUZZN7/:3?V?T&JGU_/*2Q[+LX'( -6)&W*S<_9@3.+)U.Y)T&UYD^#7XU.
M=H\>146:=4*Q56DR A2Y+\=M"J8@+\6L.(RU*#J5N@LG"<#J\R$1&=5*N56*
MS)6-.8$_=BPCR)N;F?4,QFJE+(YFIEZZTJJT&JI5=ZFDE$9@A#4B#-PH$]XC
ME -J-0KDL[3FZZ3IA3Z*U7ZC7J%;LZ#)KNK-S45^H5&X<B,P8-.TDK]*;;3(
M"4(6Y68A<']:Q'* I7/C,YU^^KY<*A<%F6H*B: =3&&@C2)4 VV%@I/G9]*>
M+#34S'%<GE79V"TGH+VI1(2VFA4)5VE58Q<$V O6![M%Z?6RK]8[B@5*HT.-
M63 \# NVN/L25S(3KT6*MQ>GMO5(MI:I\^0P\S,IRTR5D3"\PEN)PU?B57+K
MWZB#5([M*64K=KM65"(954D&XL.>+3>EU<H2O%Z"Z@@+T:+5&IM#6 .1B&(D
MB7@J0(U:ED+7^UK1JNB.G6J-(M6/1$:ENO5(T>?=M8KCU/I+M.34J4ZW5'12
M8X?F1'XC\N%,ILU45;ZXK<KO6.=VYE\S7S>JA6JBK06BE80IHJVH!8F7(T D
M';G!((F]E>(YGBA?)YJLN<IIEZ68%;1ZMVJU@HI@HJDAE+3N 3L" )U[61;J
MES[IJ-,I](G3J-+MYZFQY<@&$Y)$R3*PIUR,^E2'##2VXUX9[OFU% *%<JA4
MR>4)J9MZ2TJE2FU'LM9+*K%F.K5MR@S(M\:?">%BKF^(5$RU&N]'U5:*U'!I
M]K4K=WO=DPAM&EQV;@J3JV!Q::#2=:ZA!B5%O1+3&I17HYDL2$79$A*DL%OO
M$O".M,9044#O"E+"'4]%MHQRA-QC/4W:D]*CJI$JQ IE099=VI,8!ZDWVF<;
M=3/<0IN]*IPG*%E<JRTJM#2&!B!/"V@ CX3?!ENEZQ-,MJ/9UTY#:U%>5W2T
M\I:6U)2I+82PX0ILN)44?M%!"E++91S$!^V<X2?LJ(! .E74%B#(LF6)D@[1
M$W-HAAG\R:A_^4Y98@M#Y1I-UF6X41>")%@1 .TD9M(U.G/I,SLVVE4 P.K%
MWPE=RVIQ.,!5,;4&RM2275-\F"GF5@@\2'CE:K8Y6A4V!U"F;B3N^7D7Y $;
M>1.IGW@"MP/*U+P"]3*-L-@6X>DF1$#H8N< B@W+':>\;V7Z$XL+2' S>%L2
MEHYEE&$MFB.8RHY2IQ?*E(*E$HP0#<7U$SDLF"AL E)MSS/8ZC$BP4 "]CL/
MK-%M,>CF5 /6ED3,S8%Z-(F+3$3U.#2:5566U9[*T]SF<2A BUFPYB6N<82%
MJ:I<=T<Q)"2XH)&0@X4<F9.+J"$]0RK0 )2G09(,@$E@ %$Z28F=[G$WK660
M#5Z/9<""+9?AXU6N1.9HL;]V!-K[6P)'=$/G1,[)-8D%:2R4^,LML)<6XH']
MH9>4*SE*4]VE2E8PH="GXHC #U*G3 (U::>4/6Q4 $@[&2;#X-ZWD6TBGZ.E
M#-V]5X=4#:EY#UY&,VN2-)V.XPM:4VU9M<O9^T9'9UN&S8RV9%9K=4FS+?K@
MHD%I+1D5.8P])J-0D1@_.@EPQ>01(A+J&'^["">5S*!&>GDZ24ZAG74I9= U
M1"W<4FJ7D@]U L<ETR(;+G(Y=6J_L-*5*J[?;9O+9=Z;5E /9BH<_F'!:RJ@
M 61(( @V 5IOV9VRM*-0=/5(426PV]1.8).5-K+K;$EM:5IWY0G"<X/,3R\6
M%XS0]EJ.54[7IT>I$0P6-B3-P8D<L65SV4$C]DY)25[W]FRQ4$_=4&HI"@<P
M3)L0+2!(L+LNQT]_)U"LEL\BB$-/T-XK*/,I^QUI;<4$Y27%ISU Z L.-4#*
M_P!AT\F9<LLCI&L"!\;"V!'$LD"1^SN'R3 %2CDT@;$P]0&PWD$P9$X8U[47
M1%5CW5^HK5,N.71!1I$BO4\6M)A4YV=6XT2)&EN1PQ4$N5:,B?X(18JD_P!%
M=$ON"M"'+&3SU'.9FDFG),G>+J@36-*DJ=*&!W@"#SN"3 &'7B&3S=5:'JN1
M"OK(6GEZ.J0) 4H8$F!SL2)$ XJYI':<JR*9*;B7-1*:9+[T]0;J-):E+D/N
ME3_>J?I4[F6$%#+:%*6$(2E"5*PD&[PW))D:=2EVZ?;57JLJ,H*M4)LS"F9"
M@$"-4 0(@XT?1_A:\,I556OEJ9KU&J-I>CVH+,3I<M3J+I1=(43:!,'%7JQ4
M+]L?6S5*Z;+K+(ETLKK=R%F=37#4J%6E0ITT-L+BM1)JFG);:WD18I>8="G6
MF4I97CC\T<QEN-\1J9)U7L@*U52T]I29:9J*-2=^#<B VD$P#.//^('B7#/2
MCC6;X946IV*C,YE=5)EJY:LE%Z@4:>S?2[R=* @]Z!>(OM-HI=T^J,&YFK&9
MK56J%JU>ZHSW+)A-(JT1Y<^8TVN(ZV&J;4V"@IE(6\U#6VI;81CC,IG2F6S%
M.IZH:E6M1J5E;21=*@$2! %32!L8D#<' RXJ*G#LWE:_J-2KF,WE:V:1EU*5
M=71F[U/232J!3#J#!D\\3#4K@9=M2Z[5L]%_W]7+*NN=*@ZAQDTZ=3)D]B;*
M9%1CN\KU18IE7I)F^'AKD2B\)2%.N*_JVS?BI2A5RE$5JU2GF&KTLVU16;M!
MW>T]B3J0W75LT3R._3.<S&2S%#(CBO$\QD<QZP,^F7IUE2OWN\:RM5=:;4M:
MZ0YL -+"V *A)JC"K!JEJ63JC3IM.A6)'O=F:S113J\S9JZ5.A2X46%"C.(E
M0Y=-0B"[/\1(7#[MF5(![U+\!XB\4#3IUEJ4UH4ZY&C34IT&#J+ZM50-!4L!
MI "P=BQR_%*?J-:ED.)(RKD4S%/U%$2M1R;TZM-P%)%2JAIJ0]10VFS&YP;U
M:N2KZH7-9] I]$NJS85?G1Z7-3<4J3W=1J$V5#C-R5]S)D-E$6.Z](<;2EEM
MMH+4EI3B@7-#/\2?C#97+4TJY9&J+3*NZP34954PI"C3).D#3>8-SBUZ29K/
M<5K\.RE'+<1X?1S-04*B9RF]%*U5W1$956HZ$+39B5[H%V8&V!+LT"MZPQ:U
M7[]^N4I%R0:9=#*K@4TIR)4W40XDJ.ABU&_LZ*S,6V'G')]4>7WK2$Q0E+BQ
M:S7H[2X>M*L?M*';4A5;UD M3=M.K0M&5@FY#/8;8CXCZ'Y?AB9/-57;.9<9
MNC2SL9BFI-&L135Z:TJ#E-+E69B]6%*J5G5#]H>@6J'ZW]VS7:-3K'MRN/W!
M166J\P^U)4Y4&YR:640(T-X)2M2F'WY<*)';2F1X-GE= %U.#YQ<V*?K-.ED
M*54UZ*K58E9.O25(1C<1JTV$D7.-'+^C'&J?$!3IYRGE>%93-'-98+FE9:DU
M%J=C%,(TS*L:M-44!M ,@&%J3?M,LVY+]JEPVA:M9N674EN"DSH<Z9&BU6-5
MIB*[2BD3HRF(516A;CCT24)"67F/!24*2I+>0<Z,IFN)5:V7IM6JZDI 4@>S
M?422@J$JBL"&@@L8B0-^53BF6R>;XU5S>2R[9[,/5%$-3:KZOF>V=:ND5B0M
M.H?M Y#F" -2D@WLT+TY7;DJY1K3I!IJF5K72+0D6C9U:7>-,<H5'J#51:I\
MM$.VGF6H+]4<F,&6W7J@W5F7J8'5M15.K6N7+4N*9@U<TE/+)3="*B?94U*(
M Q0TF!#'2038V)@[XQAG7S69SE.F^5R1=*7K-!7IT:52BW<1-!1P[$L"SC0=
M6P6T0]<6D-IZ?:=ZD2*/4S69[E>MF11W7Z?769M'8@UD+8HIEMW/$I4N')YG
M6I4R9;\B6E]J&J&]$075N5'RN;RHKFIEA22K_P":K(#J#1245 X"L94,K+H$
MFX$9E#B--%SM&E5<L.Q-2GJ8 +0S"!4)(U/I<C8J0)DD7QL/KE@V/J)V8]2^
MT7IKI=1:'>DBBQ*';*!6K@?DU.!$KWZO5*=)@U&Y$Q:54(ZWJE(I\=^J5Y+S
M,>&VZ).68S6ADLSF,W4548G,M3>F795#LRTV=4+RRM3;NRVE6$P8@ST^7S^=
MKUZ+Y&OFL]G<]3J(:SU*M.O%)79<N'-?[15$Z [ !54%29&*-V#:^IM!LVB0
ME4FK);:IK;_A9ETM1&(_B4&8I#<!5>8;960ZKOF?#LNI<5AUL.%0&YPO+9G+
MY95:A-1BS,&>8EV,D!X'(P3U]_<\"RG%LGPO*T3DLPU0T@["I7TTZ?:.U6%I
MG,=QCJE@44@G8$G -3A:F26T!^BB PJ2TCN6[XI2(]0)<4I#;K1KBU*4E+9?
MY#'#J3[Z' $!U-G,CB-6 <DE+0059*ZG79;$FRW$M$S83<XGKTN-..]DFHC4
M!'K5)%JECLQ]8@EANI74  1%AC:![*23=5"[9^D0NR$(1J%S4^/ 6JX$UT3.
M6BWBW*"%_:M1#*6%2V TWS(*PHIY%AL]WC<9I9C]CY_M:"T1ZL"&IL#K/K.7
M,$:B!99G>21/(5>,C.+P?B8SN6?+@9#[)FS"UQ6=*@<E2U6JRB#STR-XB,=N
M:YX(',E.!C.1\/D.AWQ@XZ;@\>8BB1U\"#U\[BWAX1CQ8U08 ,[6CO>=B%Y1
MO<7D$'">Y/.X1^[U\P-MN; P3DCR \B?7B5://?Q\9VD^?A[\ U6#SV@BUYZ
M $1:9!=MY4J1& ?M%S_43^?IQ+V _B/P&(M7]U?ABMSQ2I2L$8S\?X#Z^G&S
M3G3MI.T,3,28&_G'C-ABBV@D3,<C8 F(-^=K1RVO@+N6#UQYG/GG_'X>F^_#
MZWW"V'.3ML3&Y\_ C A4F6(-IC8QR)N9]PGEB)->"AC1'61]L#FCZ5ZA/().
M/>:M&L.)SZ;I^G7.!GAJED<$PNDAC-_=L>G+Q'7#T$7MU[N]12IL>8-^9]YZ
M<[XX(NPC4&T6MJ2I:2I*&;91@ D*!N>O*2/<( )6T@>]L1[N=]]WT7]AMY6F
MD;2--)R")(FVKGN+"QQZOZ#HIXWQ:Y@:C [LJ#7!-MHFW+H1(Q,%Y5Y<BU+@
M#FGU<0TBA26Q/;AOB(DNL.)[UR0T^ZVVVT5!QU+C;!*2GJ23QU%;,U>QJ*U.
MN9IL!N5 (TGV6.F!>\V&UACT3/YBF<GG$]3S;:<I4(?17[%I1KK#054 M+0"
M!, 0<3AVC9]'_P!E1IRQ*3,>E-0M'N[=AR&$14!]JERPA:G8ZE/JYY:I)>28
MR%-.(0EEM7OGG!VW99ED%,(/6""ZN6*KVDQI:#M$$]VX&V/ N)D5,U22IVOM
M,BZ= A!F*@8-,Z3)8WO&QVQ1:[(FG]9M)ZGJBW/%A+NJC/\ ?/7+1(\ER0U3
M+B:C16TN6RZ@J<9>E.+Y.\6HM("4MI22JK7ROK)HBK6I4!IJO)0L"TTH FL@
MV),6,V/A52K3II4TI48:T$ J#!#F(TL 3S;P.V-C&KS]&I'9$[+3U+IE8K%&
M31)"6)**JMN1!97;],2U(E.P6X+,[F+!80^B*VE*05-L-AY;:=;AU?U;,5U"
M>L*N7ITR],!850(J7<,%-I"MSV.FWI_HOG6;-57;*U*JCA600BF]3[!:5,*C
MOI=681 >!IU-(6!C7MI]>5JT>5<S]4?J<9VHUADB(TR[(>9:AQ9B&@XY)G17
MBF3XQ:@A(6VXTVM+R5M+5BO3XJ,E6S>CA]2MVU6D=25&4+HDZ6)2H98MJ-X^
M0Q-E?20\*S^?-'@V8SR5:^5==-6K25.Q+N TT,P=3DB)B=KR(OQ:>J*?L*D1
MUV1>+D"-38#+,L4AQN/46&(C:8\I"@XZL!X96VV&GDJ2$'F6%HY<2OFJS/4J
M#+,.TK.Y1B.[J+,!(C4!/,7]UJK\>XUFZ]6M1X%60U7>HK=J]0)K:8@9= 8V
MDE5O)&'8N\JE4T$T^SJXRI]*5K;ELI:C(2XV$LKY)H@_M H*<2/&I=/O*4ZI
ML+0Y57,9MIC+)I O+02-A ^[MM8GH1NCQ#TB)[O"J=B5UU"1<$S.FN%\   (
MW62,+J+C=D*0B30+H8>3S%;S4FWD-E37[ZV7C60I".\44$(;<0H+*5)<"L@U
MJ9QB.T6BO,Z3S@>S#$ D0!(.TSB!Z_I;4'V63X=3U>S,P)LH*M79B9ZF8@=(
M%<JDJ-+0N-;4M<58PX@S:0TMOOE("5.*14E-AI+1PIMMAU2BE/,RA"<B2,T6
M7]T 0;V)@ W;4-S<#3%CU%RT>E[I>MD:3J(U!5@$#[LI4FQYG>1.X)*?6+CJ
M"RBFT6CPW6G VZ\]5G&4*CEI*2TI<6C2H[KR6RCODN=ZAQQ7*3WN5K'L\VY@
M9A$%R JCK)$E9!L#$[&V#IY'TLTE:O$\N=0U*#30E9,V/JX*S'=N=H'=)&$6
M;;]ROI=CBIR*:7P6D.TFX(+K3"G&P&RXV[8S?.G]P\AE*=P.["D\SAX(4:^L
MFIFV93,@!1 .][$%;^^))MASPWTFJW_;:(ZB9-%I(6S*L:1:8'=()$S,2?[-
ME DQM>;VCSJU(J[D?3.X6Y+TF29:'3);HCQ2X"(W*6D&,A.&GVW4);4%,+4$
MN:%'*U*>7%4YJHU,5E04V @%HDDDP2!!&E9Y$V@MG.'\6R63I9K.<:K9^D<V
ME+U0HXI(S%6[6^8< @0=(I7',2<7,F]BC0TQHST:UHT9QUM;92RD<BG&H3\L
M+0,*[H#NTI]U0&$  I4HGBF<MEGU$TE75(@7_O0TG:9Y @$W, 8XDYHL6!%]
M6JY:TM) $VV,2(CEM@M_L.=')EF4.:FUH;53=HU'<ER4M(4F1)G,PTON\KH<
M2DI<6XXTE"0D<Y!2I(0D$N5R[ #LT4:5@A).HD"><VML8&T80S&IV4";FP8B
M )-B"/,S8=<:Y:WI_1M._P#9*4F)&0W!8I&F-0$8("6DR&;MK7ARD9YN5M7<
MK!R?W4G<%0XT/1ZG2H\3:%MH9F!@B>SJ,!I@" 4F;B9$G<]EZ)%6XDFM04"5
MR0=AV>7J/[774H^!Q6^KZEVU2XL04K2>X+BJ)[SO$K-QTMM2 "%O,2BQX1U"
MG$J[Q60&TX R,J3U&8XC71R:&4S-1@-*(J/34K/MZJE*HFF!  &Y$$#'IN:X
MIELLB^K<,S><J0.Y3IUJ1W@MVE2AV961;2Y#<YY0% N2=)ULN*Z8.D<N71:G
MI_'AU&@"MU!42/)6XU#;J*ZN[!2LH>=H[["(B@MI:V9"&Y*BRI*<-*G$*O&*
MF;IY-W#Y,)6I]J(C5I]LTE4&%T"$WD@\SRE+-5ZGI-7SU+@N8JTJO"NSKY=:
MJ5%!+Z-;532* MV)0)!,AA,J0%RAZ46:N@4"@UZU*Y%\;JW2:C'C3_M-;=/I
M5Q5RF4=5(E.1EF,]'13EX5(\5#6_*:84N0GE##EEN%Y=<DXK90@G.C,4Z3LT
MJ*AITQ39U)IZ-/=UG1]VPD8D' ,E2X6RYC(9A!^U1FZ.7;M@R4ZSTZ0H5&"E
M"G9RHJ%@S=TF&@--4+7+2;2BJ5O3^D6/-M5-NUNITVH-PX4LL2JE!D+I[TCQ
M<*CU:1*[P1T!,B2I\EDAI*EI"5JX[-G*4<U6%,.B+5<+3ITM2H0X@ ZY8 ?2
M8Z]SP;T]X'Z-9)>&9'@34^SCUAZ&J<Q558[6HQ3748B+EP5$P0+X=R>U_I='
MCI2J+5E*6%=X&Z=7O<V]T O4*,DI:4K '1.,@I]W$2U:7M*S#N[&FX O[-[]
M?$"^-%_^UKAK06X=GD*P2OV=S<R3)GS$,VQ#'$>U'5*Q]7=0].4TN54%/6E4
MZQ7FJ<[ JD=N2E='<:0OOIE.A-,/Q7NX=2IM;_.O'(OJL:O!>PS/$LK[9>F:
ME14:EW)2FQ#%C.DJ;[$$@6F,9/%_3#A'I;G>"4:>7S&7J\.SE;/]X*5J1EF2
M\J".S;34.F;*868.)&O^[X=YTF1;TNDR:?"J#S3[G>URX92'?"R&)\1LKBQ6
M4\[#D=F6TM:WT,NH0M2 M&4=Z^64TS3KLE0- TDLH0@R2=%,B3N 2)B3@N(%
M,[E3D\P?LZX4$Z],$,*J&:5$$,8U""0MK XB2EZE7E.NNNTF5JK9L*FVJ:.]
M*CWDAEGQJ*A&,KG:J#E/$G,8'N9P[GO4K*4ALMN*!Q:V9S%+.5J*<0I)2RU.
MF3K75J#JQ8!@JQI(N2 1-KS//+Q3B)S^<H#C'"UR^16@]1,X12:JE:F[::>8
M%)8*0%>4[I*F^H8CVXG*=5H][:A,7YHE-F-1%PY2T4M2KBE*\*F*V:1'-OB.
M[,?"@@U&)&CR$@%2I#3;?/Q0K.E5JV9];X<[:&UL$-1U4 S(<,P8@0#&Y,-O
MC SU.CF&S_%4S7HW6=:4.^HULP.[IFFAI*CU6D**BT TPVL,-0V0=J352BQ^
MU)I_;%5A*3.J.ENF=UV[4X\]H-5)YV;/?FP70J%(2ZZE"/$1'4B*E]LO#N/<
M;"@R&98"CE U #,+4(J5&8=[0JA0HM)"J(U7.Y&V/$>+TPF?JY@FO&7K)2J+
M113J5*DS#$,H&Q@-'3$4V[;%.U3MG6>'*3)I]*IVJUQV]"JC<N*WRT*U[EBH
M@S%][%=:EOR:@DPG'>>,@<_>): )Y+JTJG$Z;4GK(B&IV:N5.E=-$.9[UB.]
MSB01:,#6JY/(9[B8[/,52*;N44HK$>MTR;D5#K$&.[ 2;$F1?73VTZ':G8RU
M#MJ'/758%!G(=?:EKI4Q;+S-PP:Y)COMN>"IX*T24.EB7W:FQW94IT]V55\I
ME!P_BM+*]J,P]CK32A S%%D" EF TQ,F 003 V[#T-XC1S6>X/42@ZTQG,Q1
M*5FIN6[2F0"&<)2 4DW:P:06&DG%%(=^V2)S\:-;[SLF,7&W/Z'9+C(<YT#*
M$O5IAMPK"PE:6UK0"DEM+85@=(U5V I!78K8E6RVQ@"&+A8$B]B)$DG'N:9R
MF[,E.C6#+9H3(D$@W(89F"!S (U3<X/3+EML(6X+0J3:.0'W(^G;G[8<O,ZM
M*ZMRN!:N=26E->XE24]XI*.<R$Y@F%HU&)DP'H2! (OVMMH)^\+ #$QJU-)%
M3)URK1!['(#5MR.9WD"YN;&8B+8>SXK--3VR]"7(D5R$7KM@K;8=B4*,KG\0
MF,E7^TDF4E6!*=2._4C'O<B1E8XR^-K6/#<WVZLI[!U4,U,L &HM(*LYT[;F
M+[<\8'I$6J<'XF"C4Q^RLU45&IY=&.AJ>QH5:I@6&EH(B;R<=G*:FZH8Z@X)
M'T],8&_I@^G'FG9 ;0#R\O$C?E-M\?/18$[WGF#UO<';G&W7 @F.+.Z0<=.N
M<'J0<X(^[T\^!T@#IY"Q]UB/?O!C#EK;P?$;>!Z3]+X$\0OT_$\-AM1_A/S_
M "Q7U+JL]#MT\_O&<>74XSGUXU](WY^9L0($]?RMB@CZX@3$D""?PM^K7P+S
MJQGE(Z #'KC'0CR^NQ]>&T[ Z9Y#<3SB3\YB.5\&S&"2I'*UIGE8?H<L0[VA
MEJ&@>N7NJ*O\CVIO*.@)_4JME(R#S $XW&XZC?@*O[MP8)()&W*0+;_7X1@Z
M!/;T 20.T3:.;WWBX4^9Y7L?STNPC>,&I4#6JD(8F>*HKMHI>Y"V$N&17KI5
M'[I14DG]NAL+Y@E/+D!9Y@4Z_H94[49I%4RE *2;FZ51 6]R-4^.GG./6O0F
MBPXIQ-M:S4HO[(EI-0BR^.K3/+E,WF6X[0N1BW:O+E1[NCI3!<2^VLR6XYCX
M9#@E(C5-,93'(A*%!;#P*4?N$;\=+F,N30J/.9UZ!L\*(.HED2H*>F -0*FT
MS:<=;G,CFTR.:8_M"F!1J2IU:2HIGVPC:=KG4(@7FPQ=SM%UF[;<UVMNGP[/
MTJJ3UXTO3>;1J]=5LUNO5*@SS;-M4A<.#)@W+1T+BTZ;#3/B<U/5*YJAGO%J
MY$-X79YEEK"AF=%!?6-2E5),-4+23WH>VG87,&9./'N+O1HYH33U@O6TL21
M3,50!W0;R Q@P05L!?%.INH%TS+6=KRK+T9A1F+QHU/BQ(NEEOS8*950IU?<
M3-Y;A76Q(+*:;)0UXMR2AHO2,)07,IAS.2KLZ=MFVA$=I*4T 8LH.RZ9,[W-
M@!C*3,4^S;304ZJ@O+][1J$FX(\"-,['%UNTY&NF!V0NS^D-&O5-Q^=+F(M^
MC42V8=.B5NC1JU I[="H;-%HU,C4J)-CPF6(T)H 1>]6VM]YU:[F4-4-5&6I
M5LU.6IKJ4PS*##.2I3[/4I  D !0)WQZ1P%ZJ/F1ELKF,QKX3D]=&B 6286H
M1)DHM4:1J-QIFXQ0KL]52-#A70W<4R-#FR+CDICHK,IE#J>:CQF&VR[(D]RP
M4)G.8675>\EQ(24DE,O"\[0R2UESM5LN]3-!E%05G:$0%Y"!X UCVRL[':<;
M_H]QS)<&3-MQBNV5:KQ%'IATS%1PE'+W 6A3JL/WJK!A3+*(Q9[6+6@:>Z?4
MR;9U[:=P9K9A,28=SR5U$2HL2.I#[EM4V"]SOU!MTH=>0@(;?:"T.%:EM-N<
MWG,T"7J4ZRDM4)%BVH'4>ZI$+;F=U:PF#C.XAZ09.HE2IP[-Y3MEJ,["N*]-
MFIEBT(A2F&?87.H P.>(7':TU!I=!A56K)M%ZBJN1-/A:@?JW>-(HMZTIBGN
MU"HTNA0'X7VDW467&X@34G8JJ>UW[!>2TM+BC3&=JD DHQ! U,AU/$CO*&L;
M$ Q$1;KF)Z2U IU>IUC3K)KJ361&5D<E I&O7("AP- $ DVQ.;_:STDG(FU"
M%<M,51#0ITN+4*BY4X)EW1#D-I?H+,%ZG!X/>%J%-FM+9C+0E#TAU:%ICNI%
MEL[29A<B4,-WCWK0@# @!@?:$P5(($"-M..\.#%ES%,T138JQUJP==.FF2PF
M6#&_, 1;$/NZH=I5UIZX!3].:5"I]:M5 M%:*K.EU:GWQ3A4K56FL2%%IF%6
M):V[<8GQ2@BONO-/L-(94\:XJ9@DD5$6-$H!8AR=)N-I,= =C><9AXCQBJSU
ME&5I(AH::)U5&-/,B*3&HH"A2; F"&[I7$_Z'7M<UV4%VG7=4*57*J*%:]TP
M*O2H**7&D4B[HT[$)ZF!24-UBVJW2*_0)R>=E1\#'><Y')@Y;66=W#:V[0D(
MX(MI+$@TSIYHRD'K-[^UL<(S68J*$S;K4K%%KHX4PU)RR,D@"#2J)V9L1L8W
MFPD>&VA8#Q#C+;F75LN.O*;2AE0=YFG7GI: A25.ELJ&R3^T0A+BV;:@W!@Q
M %MX-Q)!V$;G\,:]RIT'0=)B5&G5,*;VO,67J#)L4W1FIKI/:%O?D5%\/(TM
MO24ZAEM ;=%/I5I+8"5J07"A"G"-RG./?[SD2$;'9 \.RX 6*^<)[M]F"SO,
MC:-I-N1Q%QZBS\#X:@4*:_%55R4!<JK)3#%@( DP.FW(#&W][E;C4Q*RGE6M
MQ" ,[\U"G$\PP GF4A6.OEC<E(R-/=D 1'NVV_Q"=@-@6/AX@>[4;O"8(8](
M:P$"]HMX7G"$W*:8M.A)R"A=*M=*,% "2WW;CBR5K0M6$M-)(R<%22.CAX0F
MP!WT^<\H!'U$GE>^)1(K-!'M,6!O$D0 ) ,"?CXXTB:]5&8U=':6@KY63-MO
M35,=3H_9I2B\WT+\TC)2\HY"TG*@I().#<X0I/$ZH5]#&D0"T 05J@,9, 03
MOL+D\\=OZ+J6S)T/H84:I#$0 'H54)),7 :=SM \=<=5I^J\:H4::Q.U \$B
M0MRF*;0N.75=ZH):8>E5V(Z.=A;2<Q65CD7[J4)XT<W3XJ:X"MQ&HFN0H#J!
M)(@:Z@@P8$*8!VQUN8'I E;+E*G%'IJQ:GV-%^\#)TARZ$!E@:0K *;&=DB_
MM3K^L"+ I#=.N]NZ+I26J7"JTF4^VP6I#3+3K4%]<EN6IQV2MF-'0>0/K=6O
MF)6EV+B/$\UDJ=()0S=/-9C[*CVM6LNC3H&KLPVFI):%$ 3<QB/B_'.(\,I4
MT-'/)G\V"E!,R7"K#*JMV; FI+-"(' #LQ,R<,*+J'KW:$V%6+WMBY7[?I%U
MV\]5?$4]R$ER33JE3*PS3W)<5D-#Q@\,AE:@M'.Z@-?M$@<9;YKTDH([YREG
M6H+4IFHU0U$1.\C!"=3*P;N@!@ZBT7%L*IQ7TLRLU.)4,Z,JF8H=OKR[IJ*N
ME04RX14EQ 52(U1<XN+/U?\ U^T_ON^Z'1H,3]3*U9UPKC/4Z-/GU2U)$&W:
ME7V*HN0VMN0\OGN!E^4RADE-/)"FGDJ7QSN8S!S%;-UE!I@U'J:%)D*S$Q(
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M4JL@ BT@"<?..:S7%AQ'.9BAF,P=+Y>K4RC"NR5*;4[E=:N%[U-E!91J$F2
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M218BGO L3;%#B?%\EQ3A7%4RCU'>GPS.LX>@E$!&[.XO-BLL/9ZX[<&F%)&
MA2MC@@$$ ]=NF/SMY^>E[F_/SF)Y^/RQX!I8$6V^%]B?P/*8%\'$-.X_JR,
M=4XZ>OW^0^ QUX8D=;7B]X,>%N6YF9F=L&LVF+G<DGQM;:W,^.#'<N?\7^/_
M /UP&%W_ .[\\1NU0EH]TM#;S.%9^>3CX[8^7%@YE3,/'F3M?<';KMMUPXRX
M7[@L8-AIGX>)^/7 CU.CM)*5LG(SM\0?+'3^_P!-@(JEHTD<@8-K"\CP/+G%
MXM@FHH![(,F=C$$<^7EYVQ G:*AMJT#UP;0VL%S1_4Q*2G.<JLNMI21C?J=C
MZ^8\E4=BCG4#W3SO\8D0+$<C:XP%) *U,Z1 JI;F>\L?&1[O'?\ .2[#*6&*
M3K MM'*Y)3;#KJ@$Y68=PW$M"5DXZYSN3YI"22 .G]"&AJEX845(MJF05G:^
M^TB9W%\>F^A#$\:XFJS H-O!_P!<!(!/(F"" ;_&]%WUN@+T^KS!%.IM2<I+
MR$,M4NN+>E+>"@ 9A#\5/,\X,)<>[D @K2EML)/9YP-V50OK=--BU(E 9T@!
M%J:E,[$2!O!WQZ?Q"I33AV=!D*V2K]_LJR!3H8@*=9B8$,01,<L6*[4%.N"M
MZ_VM_D[G+<N.G3K$<N"CLWM&MY0H?ZK6=-8#E(E5ZF!]:6&YBRE$.:9$9U">
M5X-]TGA\P&U$K2UD&IJ.I]*KVKF3#JL%3[3&_>+<L>%9O*9NN*?J].J^BK65
MVI!FI@=J^HFH%<*-PQ)%S)Z8HB_I_P!J:KV)<E,ABI&OO7Q:U1A4V#J59M1J
MWV)%I%ZM5=P0H5UR:C&3XV91A(:2A/B5%!"%B$MQN//-F<V[&A0IT4 B.TH>
MP(EF8 )=IN6FPN;XI9;A/$J*:76LS%B27U*O>),J[:!I$7U"UMC?%Z-9[PI2
M.S-H7;3[M&N*M4N@TMJZL5 5I$6X*;8=J4^>INK4-VI0ZHM4M,WQ4EF0XAU9
M"E/I2M*Y70<)U(U1PH=5RJ(91VIF'<O&D%@)4C5&D@2/#TST6I5LNV9S%>@*
MJ>H4J(]H@N*CL0JR'U AAJL([TGE1S2"GV_5Z57W:G2Z4Z!>-0\-WL-L'WZ+
M2N=IM4I D!)2VDJ0W[_[%)*$MAY0N<-I97-T<P[Y>B['.U44,@8 +0#" X$
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M@=NL#'GWIRU.AGJ&:TM609,4LK645M.5SM+.+F Q[1HBJ@*$AB8D@$C!ZO\
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M#SF8!L=_+Z8)F*FQO(\CO,3[ICZG"8\ZM\D\IQODA.<;="=_0'IQ9154 2!
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M7!9OVCWJ E:E>!GRH_>EB-AULAYQA:1@)4D9#F@X@$!54@2RUPI4]T:B*76
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M,\JG&W"/$.(DN1DR$X0F2PA]2TJRD(YUEI(,NEIGNR%.FJ+$$"P-RH,Z6(8
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MH D1FY3T:%=5*E50L-K6RE:V87>N*; YE)!2$_O :GH=66EFGIBH"YH$:25
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MH*1&4J$Y1W4,H<4VGQ+D0OH96TI]KQ:U-.N53MR&[B%PLKV\G8,?M%<'>(#
MV/C$#K1;-07TT^V !7MR[+J #1HJK]W2 CP>4"#BJ.IMR:V(FD)LFW#3/&)-
M'N&'7!2%S7X\%3\EBH!U,VC3FVW'FGEQ@Q%DN+892V\7"''=;*T*6MNQ>G5
M4!J%96%1 6 +*R(^DQ %^<DBP&_DLN*56H,J*6832IJ9>L[BM35R$-3LS2=T
M!$0>TT0Q(F86N^B=)U,KUY5:H4JHZ04R5%8K//2-4%2)D5^+-J,=AZ>UX2HL
M,+5$73VH+"E/,!27)+;T1]38<;J9ZK61G4LM!#5)"H.TK,\A"$L0%!4#[HU2
M1.XSN*YK,EW6I72BG:/---;UF*@(Q323II*1I#0I9B3N 3=2C6IK%36BJGUG
ML.TQSE4DI10XT13B1D96MR>^5@I4<)4 !DG &1Q15EZ\0J Z?972MB P)"L
M NP$Q8 \SR]0Y;40S<6?_84JZHNH2/9N2.8'( 3@X_#U^BG+%\]A>+E*4J'=
MTQ@]3CF2F,XHX.3ODI!43^\<.QIR(I<2T@S!>H1;G:E%@3TB=QN(2F1!4!>/
M7/>U#-+MT$%C('(]>D82)M=[3L,(2QJ#V&WVB?='VS38Q!(41RM*AC"<83S)
MR4Y&V,X?^S#VEXB%N1-2L#WH-OL6&QY^&(^QR,R$XK3G4=3>O&;\OLVG8GVC
M D&8&(*MRV[-N.FW)7-4+EL-%W5.ZJ]):F611%U&TG8TF2RM2A(GT6,\R6*J
MN:TEJ&51$4YIMQN0XXHMITFS#AJ:JF5JTD50O;9C+M5CLR0:G:E&%1HYJ+R"
M+DCT7)5<]1RV1I>JY+,TEH4RC&OEVS)IA! JBO44]H% #%N]K:" ;A\1=/M#
M1]FARYJ>91[I<WDMZ(Q#>:4AG$J&'(:FN[6KO>[YG E:%M.COE#N5IL[6()6
MG0"@$I]OD=2L22JDBH") &RG>!:^+C9OB8:H*7#\J*>EC11\QD-2OWH%0+7D
M%A$Q(#!EF(? TC3_ $.>3.[RNT]EKF6W]H+HD)V$@I#Y*Y$:)1E)5%44L<G]
M+2M*2XZ&G@@!QQ7S8%Z=(RHU+JH,9LP![Y!821NPD_=OA&MQ9E1O4N'-%ZE'
M7ER8&DBGVAS &L2224*E@HD3A'B:4Z>*\4:-<]D5Y[O&>ZH\>TJN),H*W+BT
MMIIT9!)YD)2V\^T1R%*P%$H,9K,'2G9)20H023E=/.#*N6@M< A1-MK8D7-Y
MX,*=7AU++I#!G>KDRJV)"G1F78SO>FEKGQ!=TWM=V='?D4ZTGRVAY/A)5JI?
M=@ /\D9QTSZHD-MK3&"P$RI+B4LY=;;6M*PYJ52>]V0,!M4TU#""3I[I!)A2
MU@=N\9(Q*:E:HT.F5&@#2S=E%25!!IZ"T:3-]*KM#&^D(Z;V/+K"55F90$K&
M&I1M>P(3CS48(4ZPZAUR>XM7.XKPR0N0\<I4^\S'94HJ*F:BC73H4*A$W8HK
MWFP=5VL7, "\22" 2K4[[4LGDZU7L[/4J4T@ZP NL4ZA$CO&1 D7DZ<.)6G5
MELP^2%.14% YCLM67&A(+:P"''W6:S,4@LJ]PE94M16"F.T$E),5\R&::5&G
M]XLU349BW=8TQ!\!!BYG%NF^?$*^6X?23<L*W:1!N @HT@22>Z05TP23)C!^
M#8FF"E4XU4.0Y3BU>*I[MJM/J=6DH"X[,EJM<SJ0VH8=6TRXEY3:41EM\SI@
MJ9[,(04?*F+!^THJ;[DJ9"DP8341:2V*68JY\.Q%/A[K8BH:M.F0.])(?4%[
MV@!3K![Q+ P,/B#9>C9G.,R&5.QVVL+I2K8#4K*2PVI3<@W$%$MJ6YDKC D%
M14VVE ;=KU,_7*2:V3+,P$^L4=-R8D$ !5 '.\6)QGULYQ3L@ W"YU&&;-Y<
MHRR664[,+( !-S$&&)@X67[3T[^R&6&K7I]3\54V684JGK;C]_$<6A+:9+/B
MT-)E(2G+[;<X-D=Z6I "4I;C'$'%0CUO)B%)9'S%. WM$J 98 ZM.H<I@P,1
M>N9KM1VF>X=0IBA-6DWJSZ*N\TSJ!*3[)9&) $I,''LC331MZ9+<G:?*@SGG
MRPJ/0V:<^S);!"6$)DF]'5+=EL@-+:"7%MGO5H<[L>]&.(5!H(SF4<%0-35Z
M--O?M(4[:E@BV*E/-9^0<MGN'UU-,LU6L].D22#J!ITZ*_9IT?3(A3-R83IO
M9IT8H%^Q;CM[1"N+$6>S-9IHNJFQH4"7SI6E$*GU"XY3B9#3F#$99/<1'NX?
MIK+11'2*JY?A[$U3F,B*K,6$/K36((;13J! NH$@:#!CV3BIEN!Y++E<ZF;R
M0S"GM:9056R].J&E71$J:%2DP#*((6)A3<6H&G6CB$,3WZ-J!1Y;;*0F,8]7
MGO-"24*<;>D1:J[&0E*@HJ2IX!QL-]PAQ190;"YO,:BH[&H+PZU:*@"")DN&
MY^),]X<\%^V/23M^S1LMF@&8=LN;I4Z94 05&IGAM(U B[ %AW9P8FZ<:>2(
M5(6U77$*=?=?C2%V]?K\F>P2UW3,L>+A,1TY#:"IW$4,.E;3J^][XR+FZ^IR
M*-1P!I9!6RO=)$R"2V][ABVQB!&+%+C?&NVJJ<GG#HIJ*E,9[(+1IN)9GI%N
MT9^;#O,P/=*6(Q"5T4BW[<O>T:Q9UPU>?5:97X,^;0ZC2J[36(5/@38DN?4(
M\VM(;:?4UX<M!F*XZMUM:UL-D\R3HH]>K0J4GH]F[(RTW-='#DJ5TL*;-I(5
MBRD@"T<QBQG<WQ+-Y=J-?+M1U+4TL^8HNM8RBM"TB8[K$C5 ,F)Y]C:X2%M)
M?CO(<9<2'6G&U I<;6GF;6G&,I6D@C'48QQYA2K"%4JTJH!F>4 _B>=\?+E;
M*D,0T!U9@0>ZTR;&VZ\KCG:#A+<2ZA6.97S/RSY#_$],\6E(-XD;Q Z;S:?(
MQOS.,]E8;2#>3<7!(,<Q^$1M& ^]>_UE?=_=PNY_>^6%JJ=*?_ O_3AOAU6"
M.<_#YXP?3;TS]>*H5&Z20#!%Q,7[H)N#?G]3J:HM8_+X](/*T=;8^#SN?W_C
MU_ '??Y^?UX6E3(T[SN))D,3Y'E>+[8;6P/M > -C?D=4:N1L;7M@*6PS4(L
MF!/CLS8$V.]$F0Y;3<B++B26E,R(TF,ZA;+\>0TI;3[+J%-N-K4VM*D*(+%$
MV@"=P1)L#W2>>T&?*]\-K?5()$;1X<YW\;_*XQK-UT]E9[/&Y;,O6Y$]A_0.
M?=D&W*[4*)'MRV6],OM"O,TZ2]3&ZA6-/GK:EPH3M1[@U&H-EQZ)$[^6AMYU
MI"% ]&B0WV-$E@!J:E3L3$&0I(OO!D@$>5NEF\PK!AF*RRPDAM;#^,C6;F"3
M<J"8YXXH_; ]A.I]D3M"Z$O46B6WHQ:O:0N"O_JAI_8^I6J%QS+<MBVZC8ML
MQ9EXB_I$ZJT*NU^16)EPSF*=<U?I\>349='C)IS5";3)P,_2%/,4.^%+U2"*
M6I*?9RFD :CWA<$K /=A01?>HYVL]-V&8S+&FJZFJ'2=9#%BIIL05[MAI4B/
M&%KQ4-.=);<@H3.[2NI5-O,>-C/V; UQ:H#M'GXKK,.":94+?K]22A"(EH5*
M14ZA-IM'JL"_9;L2?3DZ?W#XVS4IY9:2L<]F!5[I>B,T5TR5$P0Y'M%MR84F
M.\N&I\3XH[E17S'9-_K"]8AA:28K*K2=0M!73)!#@AS5#13LS3DU94SM=7A5
M%QH%<?BEWM0:;U$S*A!I5-;AMQS/HD!R>S,K\V4FE&1]DR:U:[%0J53;LVN0
M(UM5U-0R#$SGJ[@'GFY)FT_NK2>?W5[QEB$$1XEQ5@%9JS"PAAF8"DDF0:I
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M0*O4JE?4"N6M^K\EZ10:95*17VXD&NT2+/I5P7"S1W)-/K55I;[T2I+,YDQ
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M:@Q&+JL\J5(.%)IOQ"9"G,LP@FRD Q )(F 2)B1TF3C17*K-Z-$@7E35/,$
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M[IN'EW[V=];[':CJ+;[MUZ8W5;[;2\C"'55:E1 VH'8H40?+IP+4\RA@Y2N
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MTAJ)=*DL 2QL)8E0.0TD1 D@7M)VG#1<GK$^8V_48BA50A*25&(KO>;8CD"
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M@[%ZQ')NEP+#\=N?N.&*WW8>$G!ANZ*4CW_#2FWD%);+;+  7YJYR^%MJ0H
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MQ%-@ZGP)33;B%J9D-:Q7^ZII90I02M*7D$IZ\I2H>ZH'C9X>67*TA$D2"#8
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MRPKEKMKT6O1''Y'A&:_ KTZ['7)28KD=,R1;KMKL.RHZGXT.&R\J/P X;3T
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M_0*=Q2K?OAY'ZMC$S>Y_VM3ZC&RIO]Q/_/X=_:/N^@Q67[G^]@='4?\ ./\
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6]IE?_6K82>TO^)/I7Q+_ !DXCQ__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>29
<FILENAME>g494294g32g10.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g32g10.jpg
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M 0$! 0$! 0$!_\  $0@ OP'8 P$1  (1 0,1 ?_$ !X  0 " @(# 0
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M69G;3&^,8QMC'=C'J!4]X
M                                                #JFEC:&$M:2R
MMR5K(<75R?%B9$7@A*:[O*G=<\.&J8OH02J=G$U2ZNAA!9>7!W6+W99YSDX+
M51X':@    C5CIZM8ZE>D35%$6B:1V JM-^*6J'!VP[SY2[%/NDB<-G98NW4
MG-KNF0KV%&;MLVQLYJ9OR^B;-&5JU1@24
M
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MI5X?KTJD*D?C!M>XD0>![
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M!"_*1-99#,5Z;[&;J=ZRG+@^FXUZZ:Z.EL&Z;F:Y\M7IC<LO(UN@.F?:C=Z
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M[446:&N,T
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MQ<\Q]I))[SCMUE'+CAYQAEFAKC-
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MIOM2C<7:PNS%*/W3H^IZ:6WLW6C[Z*X*<81D_!MTK=Y]9OU']Y5XWE,^E_\
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MG7;7;7.-M=M<YQG&<9QG.,C6F:?H
M                                                    &*1*=PN>
MI5R^#RI@F#:V.2MF7.D9=$;XTD/#<=NF<FK+HVFJ6\QR:U11B1T0E*=U+8K+
MW2+BDZC7)> ,:?[MI^+'S5-([/@C(JK?$,Q/DKE*&=(IAYMC+-F^ODDA3FJ]
M3FMPG+AC5!#VY5H6ODBT]*D9DRQ0L2EG =FS6I6DC:Z]>X[/H@_LULEX.K!V
M9) UNS;8!&8\OEF%,/7(%*A-($OY9:G%]RI;#5!&&Q&<KR9@K7NR!GH XBY
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MM))/:X[=9++CAZR6&66&N,T
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M/@TFN#63,QXGH
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MAON@]O5JPE87/T6EA*I2JQG7P\^U3FYJ3RMFI)XRLJ>W"^D_CA1<5XRT/4U
M0E4XKXO4D'8H4UN3ON7NZNVK0DU*5O+EY&I:?1>\+LJG-62E+*2$'JS"4A)2
M8LHO7Y[I"]JZ1OKJ^K*,:EU6G6E&.=6&N\J$<[=6$<13>6TLMMY9V=G:T[*U
MM[2DVX6]*%*,I>U+56V3[,R>9-+8F\+836,,R0
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M5Y1.!6$Z]'E23H=[*M(UW,U)5I^_RE)6IAF"SM-],;[8QW9$'+
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M6T @
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M\W\7WDH
M
M
M
M
M
M
M
M
M
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M:7RP#ZDB^V&YYN0W_+S'6TOE@'U)%]L-SS<AO^7F.MI?+ /J2+[8;GFY#?\
M+S'6TOE@'U)%]L-SS<AO^7F.MI?+ /J2+[8;GFY#?\O,=;2^6 ?4D7VPW/-R
M&_Y>8ZVE\L ^I(OMAN>;D-_R\QUM+Y8!]21?;#<\W(;_ )>8ZVE\L ^I(OMA
MN>;D-_R\QUM+Y8!]21?;#<\W(;_EYCK:7RP#ZDB^V&YYN0W_ "\QUM+Y8!]2
M1?;#<\W(;_EYCK:7RP#ZDB^V&YYN0W_+S'6TOE@'U)%]L-SS<AO^7F.MI?+
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M8VY<\/3T[K4S:TM#2V)C5KDZ.CBL,)2(&YO1D'*UJU4<4F2IBC3SS-"B]ML
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M,W/[8ED;BOD3H<SHH.M:'F&Q2O$$2:X0H9U AN.JDLY3;V[=CQZ<<?,W> 4
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M:EN-V/;U"E*0>>@/WT\O<Y&::7N8E-WT^#8PC;3?;3X<YSCT '-
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MH1($20]Q/PI<#DJ4A.:N4XUQIA0L,*TTW4GXTQC3!IVVYG;C&O=T] !S0
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MW*1.\R8Z"FN:!A.!K"7CA^F5E?%;>SW]FQL"H                     &
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MJ;:\U4HFC:/QY\=4S[M+'GV!]0@Y-IKOU<_LK"_F_P#0V; 5
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L5SLQW_Z$S                # K5_=?9'\A3#^GG$2N*]5\R'P?H_D?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>30
<FILENAME>g494294g39q67.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g39q67.jpg
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M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!_\  $0@
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M6XCGU=JA3BE.*4XI6N7MU]$H-]I(S\^2/G@/Z*;[H6D_@?IWYXU^JJ=GX_\
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M//$9+W3)*ACV/)GM'9C]_FK9#SE50IQ2MS4*^<V)?:R!_-37GUNX0^U/A?\
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M_P!VX] CC3U5H'PZ\_9M/1[X+]1\0_ ;']IT^61@'P.3?@YA_NW'H$<:>JM
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MY[#ZDNX[E!<$H\;/4/Y<3LW_ "R2W_S&'^AYE/0XX'_FWI_O3?I:QWTL</\
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M_P#UG'Q=:R:(>4EIF7&>H4+SL(BEA=LZ&JKL0/CDXF@B-#(3#;?;"D81&UY
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..J%.*4XI3BE.*4XI7_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>31
<FILENAME>g494294g40o41.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g40o41.jpg
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M * 4 H!0"@% * 4 H!0"@% * 4 H!0"@% * 4 H!0"@% * 4 H!0"@% * 4
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MJB.JE<5=\^$U%6!+3$=J(Y8,"+%1J[RK#AN>B+3'152BT*8?G5NYW]F' _\
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M$4!T^N#3U8&S7W4_>>0UYQO;QCM?2EU;"[;N9#L[,+K'FS:HZ;L4 H!0"@%
M* 4!J+XF\_SY$)+@AQAZ?]"B$15/9"S-A[%>X"'XIW593A[.0PD&D[Q7!YGA
MW);')\8B;<@;UD<5''8(>DYDU'8_'Y T-+L-5ADU$QU3HJBJWZ514IZ4YT-N
ME#$4 H#21/>4%\-W&TYFF.Y1-,GH2: RR1PN1(-,4R-XU1.Q8P\!ETFSM+7F
MW3=,@Q<6(N4_U%T]+5;/U;M*F,"XMX)B#!F(<*66''A0XT-5FF(JLBL1[%5%
M2J+@N2J<F\1J+>VQH,6)!?%C(^%$?#>B2\141S'*UU%Y4JBX^4\GYR!PP/\
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MG"GO';7D>U/Y?-^Q'OK9?E*0[9+^T), #X*5@@THBYH3)(U(Q0\['I$ ),S
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M$-&,;B1$HUJ(;N6EH4I ARTNU8<&"W!ALJKL%M56F$_"<N-57&JJ1TE>:<J
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&O2OK/__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>32
<FILENAME>g494294g41j96.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g41j96.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[2>D4&AO=&]S:&]P(#,N,  X0DE-! 0
M     !<< 5H  QLE1QP!6@ #&R5'' (   (    X0DE-!"4      !#'71?E
M=+5N]=N^.93 Z7E<.$))300Z      #E    $     $       MP<FEN=$]U
M='!U=     4     4'-T4V)O;VP!     $EN=&5E;G5M     $EN=&4
M0VQR;0    ]P<FEN=%-I>'1E96Y":71B;V]L      MP<FEN=&5R3F%M951%
M6%0    !       /<')I;G10<F]O9E-E='5P3V)J8P    P 4 !R &\ ;P!F
M "  4P!E '0 =0!P       *<')O;V93971U<     $     0FQT;F5N=6T
M   ,8G5I;'1I;E!R;V]F    "7!R;V]F0TU92P X0DE-!#L      BT    0
M     0      $G!R:6YT3W5T<'5T3W!T:6]N<P   !<     0W!T;F)O;VP
M     $-L8G)B;V]L      !29W--8F]O;       0W)N0V)O;VP      $-N
M=$-B;V]L      !,8FQS8F]O;       3F=T=F)O;VP      $5M;$1B;V]L
M      !);G1R8F]O;       0F-K9T]B:F,    !        4D="0P    ,
M    4F0@(&1O=6) ;^            !'<FX@9&]U8D!OX            $)L
M("!D;W5B0&_@            0G)D5%5N=$8C4FQT                0FQD
M(%5N=$8C4FQT                4G-L=%5N=$8C4'AL0'D            *
M=F5C=&]R1&%T86)O;VP!     %!G4'-E;G5M     %!G4',     4&=00P
M  !,969T56YT1B-2;'0               !4;W @56YT1B-2;'0
M      !38VP@56YT1B-0<F- 60           !!C<F]P5VAE;E!R:6YT:6YG
M8F]O;      .8W)O<%)E8W1";W1T;VUL;VYG          QC<F]P4F5C=$QE
M9G1L;VYG          UC<F]P4F5C=%)I9VAT;&]N9P         +8W)O<%)E
M8W14;W!L;VYG       X0DE- ^T      ! #P     $  0/      0 !.$))
M300F       .             #^    X0DE- _(       H  /_______P
M.$))300-       $    'CA"24T$&0      !    !XX0DE- _,       D
M          $ .$))32<0       *  $          3A"24T#]0      2  O
M9F8  0!L9F8 !@       0 O9F8  0"AF9H !@       0 R     0!:
M!@       0 U     0 M    !@       3A"24T#^       <   ________
M_____________________P/H     /____________________________\#
MZ     #_____________________________ ^@     ________________
M_____________P/H   X0DE-! @      !     !   "0    D      .$))
M300>       $     #A"24T$&@     #-0    8              NP   2V
M          $                          0             $M@   NP
M                     0                         0     0
M &YU;&P    "    !F)O=6YD<T]B:F,    !        4F-T,0    0
M5&]P(&QO;F<          $QE9G1L;VYG          !"=&]M;&]N9P   NP
M    4F=H=&QO;F<   2V    !G-L:6-E<U9L3',    !3V)J8P    $
M  5S;&EC90   !(    '<VQI8V5)1&QO;F<         !V=R;W5P241L;VYG
M          9O<FEG:6YE;G5M    #$53;&EC94]R:6=I;@    UA=71O1V5N
M97)A=&5D     %1Y<&5E;G5M    "D53;&EC951Y<&4     26UG(     9B
M;W5N9'-/8FIC     0       %)C=#$    $     %1O<"!L;VYG
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M=71S971L;VYG          MR:6=H=$]U='-E=&QO;F<      #A"24T$*
M    #     (_\        #A"24T$$0       0$ .$))3004       $
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M>$?]VY6L:K=QB=C(.YPK&UC>= L+M\ENX[6.K:2" & $=C[=/IC:A,;>;/\
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MV[,<PVLK+6.8"&F7O;3KZGT=OJ?G+@^E_6)K/L6#]G#ATAQV.WP'UN8^EKK
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MK ]AG^EKM^CZ7LW>I'\Z?I^I[_\ C/M"M5Q]GHC9/H.GTYW<_G3[?1W?N?\
MGM<*DD?EC\V_7^[U3]CT[-OVRS;LF1_,[O%L_3]NW_T9ZBT3N^T-V;YAL;-O
MIQ[_ .=]7V_]N?F?];7#I)\NGE^G^U#VV1'VEO'\R/H<?1=_X&J/3OYU_P#5
M;_U3ERZ2FY;IY*_1+__9 #A"24T$(0      50    $!    #P!! &0 ;P!B
M &4 ( !0 &@ ;P!T &\ <P!H &\ <    !, 00!D &\ 8@!E "  4 !H &\
M= !O ', : !O '  ( !# %, -@    $ .$))300B      &*34T *@    @
M#0$   ,    !!C4   $!  ,    ! ]H   $"  ,    #    J@$&  ,    !
M  (   $2  ,    !  $   $5  ,    !  ,   $:  4    !    L $;  4
M   !    N $H  ,    !  (   $Q  (    >    P $R  (    4    W@(3
M  ,    !  $  (=I  0    !    ]    2P "  (  @ /0D    G$  ]"0
M "<0061O8F4@4&AO=&]S:&]P($-3-B H5VEN9&]W<RD ,C Q-SHQ,CHQ,R Q
M,SHR,3HP-      $D   !P    0P,C(QH $  P    '__P  H ( !     $
M  2VH , !     $   +L          8! P #     0 &   !&@ %     0
M 7H!&P %     0   8(!*  #     0 "   " 0 $     0   8H" @ $
M 0              2     $   !(     3A"24T#_0      "
M_^$!C$U- "H    (  T!   #     08U   ! 0 #     0/:   ! @ #
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M__\  * "  0    !   $MJ #  0    !   "[          & 0,  P    $
M!@   1H !0    $   %Z 1L !0    $   &" 2@  P    $  @   @$ !
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M4A)DB6.1@D *YM&I9PA9M@9!9K@,-&JE&(JT>9XJ#J)'U0DD.5HT!G( 02,
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MML9HP>_GX_+Z;6]+<9.+59N5.TOJ;_I,+OO]E;ZZN1?\4]_T^$9-/KD.])5
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MQF8=-,EK^+,FKR?J7S$/?)YE3HL&7TP06@=I:@/+="RH54A5$9 %HL%%E((
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MLC6&FGZSJ<%,4I:R>'XP10C^+"Q"H[6 /3/@[6#AR,<S<5ETZAEJ;S4\4WP
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MF'H+$ 6MY'T$7_[&A\V?_?MC_P"7<;_Z@^,]/4O]M/\ ]Q)_[?&.K0?X"?\
MVX_Y>#]#G5R-17>RHBIW^ZM[[3[HGM^7K[=_X)\?/J1+'8;&_P O/MY'OO\
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MF6Y W#/M*/N]'D;W.(!!>F6>.TTU2L,'KVY UA5UD#Q'R0LD].HDG%4MC//
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M0T@ &.0PP$X\&=?X?M*%S3F>;<=Q4;;,Q66LN,MER/R%N<0ZJUE_S3Q!QH<
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MJC4ZOF=J:JKQ235U+IONM/5)#A)42">>:ED$@E7J3!I8Z>.25.E"5B*92E7
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M&9,V%7W[7[=?;I%1/T[3V7OV7W^WZK]_AP!MZCY=MCML?W[[;Y6MP*>0&_\
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M@;KC"T,I X;84<I. -.7F^;;/Z8>"0^FK[2KO+!]/.R",UG:567I '*]]K@
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M!2:LB69ZH[T7P#PD,E\SB4E)5'O'6O.18HYJ:)9UCG$GP24;(''&8]24@_\
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M+HYA0O'37/0]Y,-%-+*AD+HLKU$/B*Y+))U$IR\EE/5IPRI6;+1V.XUG%WB
M'(L;#7Y_'E.HJJTH(E$@&JX:8"P$&WC76RH&-57%0%56SICG!O>PE@@1*U=J
M,]MF<KPJW+-/ F&1A9"&..?66.H>FD0J2V$CD,H!# 8L-L5!^:963F:MG(8Q
MF>94.S",1.]'U%8DE>S!68Y1[G>X;AR'AR7B@QRT7*G)EL!E;*O)("V+MD?6
M)6Z/O1S5T5E6B\<W%O)2DBFFR5Q@UD']38,C8EC40C+ :5:(8H*+&5DIU624
MDAM[J$RP4P.!879B&L-CB2=A+5@\DY,29N4C%B+W!+7)83!;J5&("@,#N;;D
MNN+N;N*ZJIL^"]-OZ*XS;:XRXXQTY.CK;\;15($NABO,]H+..MI%JIJ+TR+.
MB@.H:9GX;&94!%6[,F18&35/'33:QIC4+R5#O(3+#%&\LA 4D,@2)#*""+J@
M+7 [VW@:YZE=*U/WB.. 0PQ%)Y9%ACL[0 Y%I"$*RLP\1"E7'=VL.[G3D[A3
M7^%?C'C&HT-!8-P_+=U8U>'%)M 0:+.%Q<FQ1V@D0,];,UDGXO7-ZE-GC8X]
M70B0I(QL%G:3IFN4NJRUWN%;$TU$%>=Z<W=?ZHP5EG-E8B(9(5$JE2' )VK7
M5=5T"LTB"CDU*CE:*;:!)U;!E>H6ZF$$E1E@K LK"S!G##(7^*^/\%J.3>.G
MX? ";[2PW=/W3!': 6Z4R$VSLFB591[S(&-FKZHAX!3XB!(R&LEDEGDD3R&$
M[ZHNF:F:ZI^S87@>,SU$$3($DA9 [K%#+(465]U%BP&^S#@6I6TM-1TU:"!M
M1J!-U%@AJ)%<O%()&5<Y(HCDB$H3ML0#EMP< ' _BGETMC<'\*ZVWL@4K_Q%
M]A<"JZ)X#8+08)X\%?-%].:-(SZD57BQR1_3JY7HY[VC(J^78%01ZQIT,0$I
M"K2U@5R59<Q:G)#(=ES MXMSMP1$<P2]0R:'6S3$%6D>:EO'<*54_&^[B,B!
M<-X;"X)&I VLFJ^>=$PNMEI$=NK8HH!&1N4$C\9+0H%CD':OE"E22#SM8C?Z
MI5:S[-^&^40F9D9<&+R1E1M@Y)%AN;$,-B >PL.,NDK4"(P=F2GB1^YN4C52
M6/9B6'B()%[[GOP4'XG#_P ")_\ Y,G_ +CXSUAZ'\S_ ,W$19O1_P EX5=A
M]=I?$#>7]%RA"7 'U) V4Q[_ %&-:BK#&U'^Z^?R(B]>RHOLO2_  ;V-AYCS
M\KW-_6P%^P[;]]KC)" 8L-ALH!/R[7N23>Y+>?X<'#X1L)QN+J['(V6<K9X9
MH'1BH]GE59(5_(YJM5/,Z1&]+W]^_P!OA.3("Z[7^\1Z?/8_AML>,[$K<V]#
M<]P+VV.UO,$V]-]^+0\4EQPEQ;06-;69FE==O%E<1*C55E?"K'(Y5Z<O<R]]
M(W[M=TU/S+\:1YMXB3;;N?3T'S_F_&_GBO>X).W?YWL+>MC\B+6X1OPWS9R1
MC^4C$Q )M966MC,X!8F*Y\D!,KNI&M3\S&(UR?F5&IY>OS?;I0FY(*G$6-_4
MC?:^^_;M^P\;, ;W\N^]KGS_ &[[?N[LO,V'BXRD$6J(BO)ZQS(RU5R/E8Z!
MS4E[Z;YOR>7I5]NT[551?\W-H_(#L?*U]_3M<W'Y'?M=$X[#<$^=[C;]_;ML
M>_TX,SPR^*@/E61,SJ8X@=+$WR-<J+$PF1B*BQN8[IS9?-^5%_W2^547KXP4
M%LE[ ]C;Y[$'86M_)[:'/( [J][D#MYVVWW[['Z;&_ I?-K)9#@**&-6]>K#
M[)]T5Q#D_P!?2??]??W7V^,#*S"W[!Z'M;ON>W;C9+9@6W5?J/QN3O\ +\^*
M_P##>&DG'N:'\P,3W"X=(?K8/J8W3/NA9?(^)S%C2-T<<GU#O/$^2+N!'K&3
M*QXCS9+A0RD(S+TYRY#])E A(R1P<@P+#'9A<D$#N+/]E\76UR%08P_5HPO5
M3JAW][0E3&3CB45N^);8#PY \O%_F K:KJJX=ZRCFZ+\2L0TF;]&I-1E>0[4
M9\ ZN5A+8X1F>K/$KQX2'$$Q>E%9P^H&\K5;I33RS K-$F-V3)WBEGH4<NX\
M60D!L"$<C'-BP,:VI[5*"%VH8Z=AA4UM(CPHQ2%*@"M9.DDC7*N)7\2EXPQ>
M11$DRYU9X)60R9O1UQH@$01&H,;)83D=0QER5-$'/YI?.D<CE@C?&U(YH4BC
M=+ZD,S#$[E-==_LVDEA=VD3JRF$1WD:(.V+",G+PD!B"ES8 D 26B>1TC^UM
M1@J(84A:2&F:H9U,25)IX%<-/:RED9QDCA+,ZE)5D"EOW@Q^=UF_ 3R&+X4>
M<ZBPLN%+1!=#0;&AI"C-!ABM+9RS'*15UT9)M_1RDC33$QL2>R'8YYP))+/2
MK"6C:+5ZC21UU)TRS1JAA=P"&!\165L5*GPD*RJ3?9O(#',M=34',,]%4"3+
M%&+I&2I&#1J638C%!B"A"X*,AL.!QX:M&6FDY@T37V)M786!EB)%70+ Y@QY
ML2B3OC+LZF4<B1Q,1K/3&+0Z-#A9@G0NEC"6UU6@&G1A85F;WI9&,T2[8-DI
M/3E,B.1@R@I9^FV891>1HLIY:N2-GZ*BE=$1)#DD3+C=KQJC#(R!Y<LT+Q*C
M%PO%6>*0H&?D&M8$VU8D&5 82RXDCD+0MUI=/D?U&=8MAC?$Z"1D7U<OIL=U
MW$SRQQ&?(+S2:/,\N-_?F *,67$4M*;9,D3$!F;<H"2"2+WOP#^EOC'[2-'A
M%\TY/H7DR%GREUOF ^(%W(NBH0&*N%(&.P!&G[]]^7]OT_7_  ]OY^_Z>Z>R
M?!Q>UK=_0GO<7/T/;O;<G;??EWOZ_M'\_P CC[U]D]OOU]^E]ONGO_YU[7V3
M[)]\"PVN+ _EO>W8^8\R-M_+;4*.]OF/S[_Y ?G?RY+_ /?W7I53_3W^GLJ?
MYWZKVBHF>V]OJ!V&_P"\7[_+RXR/G_'YC]OY?3C98\ /@1PG G$W"/S(>1-3
MHHS<UQ_N]U<8>++KJ@PW:8JPS/'6MJQ:^0&QD$JL=;+I+L,E28_5G$M1;&G@
MJ"I9AG4=19S/1*%Q#(A>_P"J!>1#;UV'KL0?GW9[#/8M0:=2<F>U*NK)_?/L
M[5*]]*D@66 25KSTVBUL#JRN@CTZ8SRQ.)"\TL,T4L73*2:]N_YUY:K.5.5M
M:'R(3-:[;?<EF:#59M2J@+0G;X35YF\LJ\ P2NM*RGN<UK]  '56 T)@U?:Q
MP%Q?7PMFBCNW[!Z?/]V^PM_E>,M3+U9FZS$RS2&1P64,7S0D#;%660J0/(K?
M?C99X.Y*3(>%[P<WO)G(&5_B,1<I&970%UE<^LXR6WWO'\+Y%9+'):04U!F:
M.:[E)#20=Y"S,,7Z6KD#9S*S.]@3=.]MLE/?TV';^-^+ TN=8=.T]YY8^HDR
M*02H9:4AHG!/WC9$#-Y$*&.PXU':"MDV&HT>3P636_Y"Y:YC@S.$-C(,;9+^
M(6A U;0AUD4L56T>]N+^GGLI2X2B8R*RG;73U8D-NEK)9_=N?NIVVMY'SL;V
M[>5N^_%8+9GF$,8:6>K*1-XBRAF8JJ@6 #%E+;$^$>)0"#O3\(5/@UQ/&O!O
M@4IO%%Q#9;'%A02:C*97?XY^NY'Y%8-$Z\E:C+,J6.PL+VSM#A\\^ W0RUL0
MXXC(X,Z3,.V25XVDE6.Y*E58WQ5;W)MYG8=_\^+ZY#YPI^1I95T[[.J]9FH1
M0TT]1+U(Z4R.LM;*M.C()YY2D:0AIHQ'&L@:.8/BMG^*'C; <9\?9@#(9H&L
M.L]/&I%H]TIUM.,#5'K-!)9'/(*:/*06)-+!#+$,Z2&)WH?D3RO**HFFE<N]
MPJBRV&*W-MAZGYGMV(XZ$]DW,W,7-/,NJ5.LZM4UE/2Z2_2I!A!11RSUE,$D
M6EIUBAZJQ12HDC(TV+N.I<FX)=^[OV1$3MJ_=/VZ5>_V^Z?LO7Q);]SY #;\
M0/H"/XV-^.A/3U-]B.WT/8^>P^>^QX'CQ+&CA\?AN*IC+N*?45D" @D20$-<
M\.T<TE'1"'/D03R+.@_H.84YC8)7MCD=\-JJ-Y(2J2K$RLK!F L;!KKON"02
M+KX@+VWMQ0/Z2,BP^SZD9HQ.#S-ID;*1L,J+5+O:X!Q )"MX2UE(*D\"IC_Q
M2W)M1AFVD9J1BC!PE3&UZB#2 %.KGSCOJJR)Q3RR4\LT\TR C3M0:U9#(L!,
M0[+"\!D"$AENU@Y+E@&Q8LYQ &Q"(6L00"23P_$KSB41.RN<1NQCP7%NGDJK
M&&?/P@$G'=@>_!H>!PZK9S3G3-?CMEM)A,WR8&*F5:9<Z2OCJJ*D@SYH$HT5
M:> 71Z*.M4'3!E#_ ,+I;U%E++!19^[TM= \S-A223,56&-*<N0C1CQ5-7,+
M@NS+E&'4*8\2P.952 8P*@K'IX_[9I 27<%B$BIH-\4"NQNLC,6R^)CD7!R9
MGXD]SQUREX9,9M<]9@WN.T?,.8@%LK%LE&:"?5XW7 V]=I:ISD(H-1FM#6V&
M=TU%8Q))F[.O+<7'],#]2H/[1ZQ*KE-I*9R"U3IZJ$L,_'4$(H*[HP6Z?K26
M1/$\@O(<G4<E+S+TJB&[)25+$D%E!)C =>G<E?&""M_"1?[RWY^&V.&:DQ-1
M4#"OIRK+EMMB72W0EO3+9OI2E6&U&$:DE/KXAVUSKID_]CMZ*?+EC2N,$,$K
MZKT_*2CT=,& :FYCDN8\@K+121J4FL5*'(C[UBUULS6(L*J10-?F,B91_P!'
MD15.#L37*^\;6:RJ')%K[NWW;7 7YGO#]'9<U>$<:P9-()/R!?7%94QQK/5O
MVQDG%>9S^F("2.5DMS0CG6C*JP5K9P&V!;()8VD2*N]=656F0S4M+))3C4+1
MU4D3].5J33Z.EO"&&+-')+-XHPP#V -[@%]RO2Q:A++5SQ132:?&II%G0R1I
M45DU27E%U94E58A:2UTM<$ ,. #\0&$WWB@K><M=:CU$>YX&FLL-!G<RPRCE
MY'XQQM3-C1KYXPHIP)^NPU)'1T][?Y1!;ZPRAU;07PD5N%23W]QZ/71T])I!
MCS6&:GI4E+A0!4QP0"28 M>,NI:Z,6C#A2#XF50'4Z?K56IB<H)GJJJ?%6=[
M13SR2)@QV8"1Q<W)Q^]8KN;G@-EUB>$KQ#OFL,O)Q:/0753D8+O3_0WE1L1@
M\E;:NBCR!=<PBX$ S]AC"'J8#F0 [6UE(KH7MOS08+BY.1YJJ$G&-6U&/">2
M7HPFR21YB6+J&,ACNW3V-[9B,95?SP8H-+F^\\B4*DQ1QK426DEA9HG24+$[
M#-B!N3=R3B8[,#I?$>N!SCLM6\<^&[;(304K4UK F7MC!$7F@(I@UL9K"-\!
M-9-(;/, -Z8-;8DF0!PQ0HK%---Y:AJWJ:@2UL'0KYX@L<W4.*E958U!@5V5
MQ+L2@)!4'BI-7YOUBE]TIDTS3JF*?3HYF:6CFBL>K40X&+WZ95*K3V^^P!6X
M( LH-_-J^8KS-QSX$N8-+Q)D^">+]K(S.4@FTQ>1J"M=1!W5R*'8ST3[ BQ%
M#.E#6<5I[@9Y0XY7S"K$2V$B)/6-%?3*3WI:G4&8. !-4EX[$&V2X#+>Q R
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M<;BP7P;;V],?0C;C4+3*JEXX0S$ A0' /ZM]O2W<=]N+[_VBGS3_ /MA6/\
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M<GLH0%K!5&3;D%U.JZH:9H0)9Q%!((1,&EB$6*8/)@;^ZQR65VD\:A<W+A*
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MSV5Y<R!F/$$1D< TA$T:? M#$@C,\VZ7(1 ;9E0"22-[795L+7).XQ/!U*[
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M=$+YF&(]$5J@G1R5Q*(K"F(Q4D9"<P]/W%3(N:B=2JV4@D+)8'*X%QEL!?\
M;P#^VQ7;E;3U4J"=>I2QR8$**+4"2A4$Y*;$6Q.Y&0-AP'+JD6N'ZMCY%BC>
M)4J\@$W\+5UE*I#YG3?4S3,]:8ET(9I-Q#(0K8QYCK(5\BM"HXS*9Y%AA5V2
M,Y0LOO 5608ATE1#E;H^!(V"@@W-BO*4M48A10&2<PGKC"<2O322"*09F"2%
MW*C^W0/U(V+#$Y LS$OE^U]+9[?E3/7.&314=OP9S!DH5IZBNO*JC*;N>/4J
M-/8.=,MRZO@O :D%YX0ITM!=)'>G"U56)=7%0YU"PJ-*0->5ZG1B7)<7\56
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M%-55NM^S7FK5^2M4FSF33Z:KGCTQY@Q80Q3TLT%;14[$FRLU=%%D5CIUBM&
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M1L=^U_VV[6\M^-<V8 G87M==K#M8BQ.PV/Y<>@,^5']_F5&==(B]M7MS?O\
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M3@>0QZ>M) DR!M8D35>OKO>Q49W(]4^#/2*J.-ESN"VF4P3(6=F%36*%.)<
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M F15E0HF@EA4)#?J:(.NFD-FJY"ZUKRY)$? ><V7^M(DD<]"J!< >IV[VO\
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M)MQS[:BITU$54]^^^G?YR?JO[_9?U[543W7X]V_9<?M!V(_?W[VVXQ8F]S<
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M]U5?YYL .U]MO+\+?(;_ )>6_&68$;^!NQ\B2/PNVQ%[7^O"*_'6>-=^('#
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M2JS.47$JMV=WR(N]R-D8!F<[ER:#.@6C9Z(4]T67KQV6)\@U@R)HU7,VKAC
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M4)]-SI<2U(IG(S^PK8:JELY%1P3(88G-#0N&6!J2P0B/>QCD[8Z,NTHQTNE
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M)Y56 5LOD*<GNR0MSG.D5)&O#C>J_3APM56KI5?#$H&X%''4@->P:0QY( +
M1VVVL[  N[, >+1I1>6(=B]8],S"X+(BLP=K;.Y+'9PT:=HXT!(,;Y%MB?Z)
M-^%Y87#I0W-<UDD:S],(BC]0A5G=(LA:MEF8R67SI&V9Z1L9^1637+%/&>:N
M7G\0;[2TV<%6*V<2H H"V'3&*G"UB0"USP#^TZ>3_NZYW-Q<<OZO3FXRSC-&
MZMF6R+,RNREB;@6 M;A.?B&F4@+C4][(DG>/R>Y_D8C6O=+Q=>SO<O\ GI^:
M16M8UZ1L1/,QC99)Y)>LM)+!M57)CBU$ 2Q+ -.@;<WN3YD@D[ FRJ!\K^<
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MQ^.;PN%'Q6.W1$HO>_W7D<CUO9L@ !MU=R.G%XX)G8X"Y(E,7>_8QHBD'N%
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MF*V-K(HH(&PP,]-2FAE)HXZ8I$4;2ZIV<QJ96D@AE@CD:0W)=46]^V3,P N
M&U,050A5!:-WN 2594(4J6+';(G>^Y]"01JY<]^0[GM&IT'J$1&L9&QK4JND
M:V.-K(V-3VZ8QK6ITB(B-]OBW4'3TOE8*3_X?3CXB6)R$1-V-R;Y'<DDWW).
M_!KIJCHU^W_RQ_;<G\\CV^O??BV?#R7*S&5Z-;&GF*9'_<1>D<K6JY._9']*
MO3_=R+[HJ+W\7-%O2H3OX7V\MB2/W^?%?U"@SR7O]Y0-^UU%R/GM^6W%]]+^
4Z_\ 5_ZOC3II_='&N(_D+_#C_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>33
<FILENAME>g494294g41y57.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g41y57.jpg
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M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!_\  $0@
MH $2 P$1  (1 0,1 ?_$ !X   (# 0$  P$            *" D+!P8#! 4"
M_\0 2A    4$  ($"0@( P<%     P0%!@<  0(("0H4.7>W$1(3%3=V>+2V
M%AHV.%B7M=87&2%6<Y:XUR(T5Q@Q4968U-4D)3)2<?_$ !P! 0 " @,!
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M"@"@"@"@"@"@"@"@"@"@"@"@"@*;I[CL)2X@;&V.;T(.=Q-6*XBV&B':$0C
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MXLT(S6YIIFA'ZLM-,KAH>]E51>ZL[J7F>1^D^2O]0WS_ #:O_P#D*OC6\/\
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M-0W@_P#5E:8=BR)[\I5K?6K;%2^>-]#)>%7\BT;FKOTED=1\]@* * * * *
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MN8H9557'Q8D)HDB1--)E$Y.*%2">0*@$B! D $5)DB94+  J4*%0, P"Q4L
M'@"  #A@$"%A@&'ACAC:UA@^U0$>-NUI9;>IVS[B;JLIH#@0->)J6D)=13YI
M*64592HV<IY,5DE3(B@'4Y33CH !P@?)C@FB9H$(P7%#&#PSMWZ*88>4G1SM
MXRRV[;CX-AMAME&F&V&HAVRTRTRTBLM,M,JJ-,JBHJ*J*DCIT@TTQ 1S;#33
M+;,'$M,M,JK+3+3+EM66F6DDJ-(J(J*BS1;T,QC]8;O[]N3<+_J8FG\[5L7V
M H+YEHG_ (Z#_9*3[+4K\YTA]=B?W _6&[^_;DW"_P"IB:?SM3L!07S+1/\
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MU-MM?9EGGNL=5>C0^5J+YQ@NLNCI4EDZ/S**T#PR::V?*$"@+D. #UM>J?\
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M2"@-0W@_]65IAV+(GORE6M]:ML5+YXWT,EX5?R+1N:N_261U'SV H!+/FO\
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M?=7A1D:J^)D9Z_,N]96-V!Q5[T[:O?4\VNLY[%?IE25TRSXHXZ7@OO4Y(D%
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M@]$R6=O_ *VFT7M%39WEN:MH:*R71N80?5W90=(Y0CL\B=,V1UKOG3.N:_\
MIXA/M<C?XR1JZD?L&-S2)T+9V8/9D)G+C2LFNI6K1?Y&7=;ZFVVOLRSSW6.J
MO1H?*U%\XP7671TJ2R='YE%:!X9--;/E"!0%R' !ZVO5/^'.G]-\O5$Z\;5J
M4\2_,80D55,O0/C/57YI05KV7,47<QEU6TI=HL-_'J74TJ!MDALWB]"T1>N&
M0W_+0VE9,Z"K\*?"@&M^5,]/^V'8\R?C0Q59:INP:,SM]H4)Y4394?F[K2*.
M\U3A9@H3S8GT3T>]8M@/PV'ZM34P[K3/)P/G117U?>YT9X<7YL.)BU;A7 4
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M1L9<B8LN5U31,+'@2(F0WN@AJKSD^0!#^:.FY'E4V12T1#24A(770Z7 HF;
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"_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>34
<FILENAME>g494294g43c16.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g43c16.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[2@J4&AO=&]S:&]P(#,N,  X0DE-! 0
M     !\< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< @   @   #A"24T$)0
M    $-/)GTL]C>HHA4@U:H05G"LX0DE-!#H      .4    0     0
M"W!R:6YT3W5T<'5T    !0    !0<W138F]O; $     26YT965N=6T
M26YT90    !#;')M    #W!R:6YT4VEX=&5E;D)I=&)O;VP     "W!R:6YT
M97).86UE5$585     $       ]P<FEN=%!R;V]F4V5T=7!/8FIC    # !0
M '( ;P!O &8 ( !3 &4 = !U '        IP<F]O9E-E='5P     0    !"
M;'1N96YU;0    QB=6EL=&EN4')O;V8    )<')O;V9#35E+ #A"24T$.P
M   "+0   !     !       2<')I;G1/=71P=71/<'1I;VYS    %P    !#
M<'1N8F]O;       0VQB<F)O;VP      %)G<TUB;V]L      !#<FY#8F]O
M;       0VYT0V)O;VP      $QB;'-B;V]L      !.9W1V8F]O;
M16UL1&)O;VP      $EN=')B;V]L      !"8VMG3V)J8P    $       !2
M1T)#     P    !29" @9&]U8D!OX            $=R;B!D;W5B0&_@
M        0FP@(&1O=6) ;^            !"<F1456YT1B-2;'0
M      !";&0@56YT1B-2;'0               !2<VQT56YT1B-0>&Q >0
M          IV96-T;W)$871A8F]O; $     4&=0<V5N=6T     4&=0<P
M  !09U!#     $QE9G15;G1&(U)L=                %1O<"!5;G1&(U)L
M=                %-C;"!5;G1&(U!R8T!9            $&-R;W!7:&5N
M4')I;G1I;F=B;V]L      YC<F]P4F5C=$)O='1O;6QO;F<         #&-R
M;W!296-T3&5F=&QO;F<         #6-R;W!296-T4FEG:'1L;VYG
M  MC<F]P4F5C=%1O<&QO;F<      #A"24T#[0      $ /      0 ! \
M   !  $X0DE-!"8       X             /X   #A"24T$#0      !
M !XX0DE-!!D       0    >.$))30/S       )           ! #A"24TG
M$       "@ !          $X0DE- _4      $@ +V9F  $ ;&9F  8
M  $ +V9F  $ H9F:  8       $ ,@    $ 6@    8       $ -0    $
M+0    8       $X0DE- _@      '   /__________________________
M__\#Z     #_____________________________ ^@     ____________
M_________________P/H     /____________________________\#Z
M.$))300(       0     0   D    )      #A"24T$'@      !      X
M0DE-!!H      S4    &              5Z   "YP         !
M                  $              N<   5Z
M  $                         $     $       !N=6QL     @    9B
M;W5N9'-/8FIC     0       %)C=#$    $     %1O<"!L;VYG
M  !,969T;&]N9P          0G1O;6QO;F<   5Z     %)G:'1L;VYG   "
MYP    9S;&EC97-6;$QS     4]B:F,    !       %<VQI8V4    2
M!W-L:6-E241L;VYG          =G<F]U<$E$;&]N9P         &;W)I9VEN
M96YU;0    Q%4VQI8V5/<FEG:6X    -875T;T=E;F5R871E9     !4>7!E
M96YU;0    I%4VQI8V54>7!E     $EM9R     &8F]U;F1S3V)J8P    $
M      !28W0Q    !     !4;W @;&]N9P          3&5F=&QO;F<
M     $)T;VUL;VYG   %>@    !29VAT;&]N9P   N<    #=7)L5$585
M  $       !N=6QL5$585     $       !-<V=E5$585     $       9A
M;'1486=415A4     0      #F-E;&Q497AT27-(5$U,8F]O; $    (8V5L
M;%1E>'1415A4     0      "6AO<GI!;&EG;F5N=6T    /15-L:6-E2&]R
M>D%L:6=N    !V1E9F%U;'0    )=F5R=$%L:6=N96YU;0    ]%4VQI8V56
M97)T06QI9VX    '9&5F875L=     MB9T-O;&]R5'EP965N=6T    115-L
M:6-E0D=#;VQO<E1Y<&4     3F]N90    ET;W!/=71S971L;VYG
M  IL969T3W5T<V5T;&]N9P         ,8F]T=&]M3W5T<V5T;&]N9P
M   +<FEG:'1/=71S971L;VYG       X0DE-!"@       P    "/_
M   X0DE-!!$       $! #A"24T$%       !     8X0DE-! P     ':0
M   !    50   *    $   "@    '8@ &  !_]C_X@Q824-#7U!23T9)3$4
M 0$   Q(3&EN;P(0  !M;G1R4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&
M5     !)14,@<U)'0@               0  ]M8  0    #3+4A0("
M                                                         !%C
M<')T   !4    #-D97-C   !A    &QW='!T   !\    !1B:W!T   "!
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M0B!)14,V,3DV-BTR+C$              !)S4D="($E%0S8Q.38V+3(N,0
M
M    6%E:(        /-1  $    !%LQ865H@                     %A9
M6B        !OH@  ./4   .06%E:(        &*9  "WA0  &-I865H@
M    )*    ^$  "VSV1E<V,         %DE%0R!H='1P.B\O=W=W+FEE8RYC
M:               %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M                                              !D97-C
M "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-2
M1T(              "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U
M<B!S<&%C92 M('-21T(                             9&5S8P
M   L4F5F97)E;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N
M,0              +%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)
M14,V,3DV-BTR+C$                                  '9I97<
M !.D_@ 47RX $,\4  /MS  $$PL  UR>     5A96B       $P)5@!0
M5Q_G;65A<P         !                         H\    "<VEG(
M  !#4E0@8W5R=@        0     !0 *  \ %  9 !X (P H "T ,@ W #L
M0 !% $H 3P!4 %D 7@!C &@ ;0!R '< ? "! (8 BP"0 )4 F@"? *0 J0"N
M +( MP"\ ,$ Q@#+ -  U0#; .  Y0#K /  ]@#[ 0$!!P$- 1,!&0$? 24!
M*P$R 3@!/@%% 4P!4@%9 6 !9P%N 74!? &# 8L!D@&: :$!J0&Q ;D!P0')
M =$!V0'A >D!\@'Z @,"# (4 AT")@(O C@"00)+ E0"70)G G$">@*$ HX"
MF *B JP"M@+! LL"U0+@ NL"]0,  PL#%@,A RT#. -# T\#6@-F W(#?@.*
M Y8#H@.N [H#QP/3 ^ #[ /Y! 8$$P0@!"T$.P1(!%4$8P1Q!'X$C 2:!*@$
MM@3$!-,$X03P!/X%#04<!2L%.@5)!5@%9P5W!88%E@6F!;4%Q075!>4%]@8&
M!A8&)P8W!D@&609J!GL&C :=!J\&P ;1!N,&]0<'!QD'*P<]!T\'80=T!X8'
MF0>L![\'T@?E!_@("P@?"#((1@A:"&X(@@B6"*H(O@C2".<(^PD0"24).@E/
M"60)>0F/":0)N@G/">4)^PH1"B<*/0I4"FH*@0J8"JX*Q0K<"O,+"PLB"SD+
M40MI"X +F NP"\@+X0OY#!(,*@Q##%P,=0R.#*<,P S9#/,-#0TF#4 -6@UT
M#8X-J0W##=X-^ X3#BX.20YD#G\.FPZV#M(.[@\)#R4/00]>#WH/E@^S#\\/
M[! )$"800Q!A$'X0FQ"Y$-<0]1$3$3$13Q%M$8P1JA')$>@2!Q(F$D429!*$
M$J,2PQ+C$P,3(Q-#$V,3@Q.D$\43Y10&%"<4211J%(L4K13.%/ 5$A4T%585
M>!6;%;T5X!8#%B86219L%H\6LA;6%OH7'1=!%V47B1>N%](7]Q@;&$ 891B*
M&*\8U1CZ&2 911EK&9$9MQG=&@0:*AI1&G<:GAK%&NP;%!L[&V,;BANR&]H<
M APJ'%(<>QRC',P<]1T>'4<=<!V9'<,=[!X6'D >:AZ4'KX>Z1\3'SX?:1^4
M'[\?ZB 5($$@;""8(,0@\"$<(4@A=2&A(<XA^R(G(E4B@B*O(MTC"B,X(V8C
ME"/"(_ D'R1-)'PDJR3:)0DE."5H)9<EQR7W)B<F5R:')K<FZ"<8)TDG>B>K
M)]PH#2@_*'$HHBC4*08I."EK*9TIT"H"*C4J:"J;*L\K BLV*VDKG2O1+ 4L
M.2QN+*(LURT,+4$M=BVK+>$N%BY,+H(NMR[N+R0O6B^1+\<O_C U,&PPI##;
M,1(Q2C&",;HQ\C(J,F,RFS+4,PTS1C-_,[@S\30K-&4TGC38-1,U336'-<(U
M_38W-G(VKC;I-R0W8#><-]<X%#A0.(PXR#D%.4(Y?SF\.?DZ-CIT.K(Z[SLM
M.VL[JCOH/"<\93RD/.,](CUA/:$]X#X@/F ^H#[@/R$_83^B/^) (T!D0*9
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MG RP76XQ;^K7ZAK,S?M;Z6_V;V-=_7224__9.$))300A      !5     0$
M   / $$ 9 !O &( 90 @ %  : !O '0 ;P!S &@ ;P!P    $P!! &0 ;P!B
M &4 ( !0 &@ ;P!T &\ <P!H &\ <  @ $, 4P V     0 X0DE-!"(
M 7Y-30 J    "  , 0   P    $$V@   0$  P    $(H    0(  P    ,
M  "> 08  P    $  @   1(  P    $  0   14  P    $  P   1H !0
M  $   "D 1L !0    $   "L 2@  P    $  @   3$  @   !X   "T 3(
M @   !0   #2AVD !     $   #H   !(  (  @ "  ]"0   "<0 #T)
M)Q!!9&]B92!0:&]T;W-H;W @0U,V("A7:6YD;W=S*0 R,#$W.C$R.C$T(#$V
M.C0Y.C0V      20   '    !# R,C&@ 0 #     ?__  "@ @ $     0
M N>@ P $     0  !7H         !@$#  ,    !  8   $:  4    !   !
M;@$;  4    !   !=@$H  ,    !  (   (!  0    !   !?@("  0    !
M              !(     0   $@    !.$))30/]       (          #_
MX0& 34T *@    @ # $   ,    !!-H   $!  ,    !"*    $"  ,    #
M    G@$&  ,    !  (   $2  ,    !      $5  ,    !  ,   $:  4
M   !    I $;  4    !    K $H  ,    !  (   $Q  (    >    M $R
M  (    4    TH=I  0    !    Z    2  "  (  @   /      0   \
M   !061O8F4@4&AO=&]S:&]P($-3-B H5VEN9&]W<RD ,C Q-SHQ,CHQ-" Q
M-CHT.3HT-@     $D   !P    0P,C(QH $  P    '__P  H ( !     $
M  +GH , !     $   5Z          8! P #     0 &   !&@ %     0
M 6X!&P %     0   78!*  #     0 "   " 0 $     0   7X" @ $
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M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! ?_  !$( 5$
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M$@UM6S4ZWM7,TKH4D]/,;;AOZ-_ 0'PY>%]L$'&Y:HKPKH0=+:/2*AM81W\
MT]]QM[M][7 ?3XD,48FN@W<W+=7JS@\=>)C%*!CF]B0!,;F/F@%Q&P ([<[
M :K\KA@A4)>E*\_1.@!>K,8?:I^&;/6D74HQF,MYY=[#9@9K97R;&G^QU6]:
M5AD@TI60S19F9TPYEW!HJDF5:TTZ=5*FF>FG:#]12-EGI6+\6I#W3GG0ME7(
M')VU#/PA%GRJS10A6=1KY;5\C3TBE#K1\\K1M1)0K]"H7";2GUF<H:.!@Y2G
M'2R+:'.@N<LFX5319"NH<I1( .!I;^=F<QEQ;*X9+S<'-4U+2$!4<1*0$[$N
ME&4K"S<>[BI:,>HC99I(1SY)!XR=)#LHW<HIJD'8Q '!%CQ;BG,3D.W@/+_R
MPWZC2$1T.O0CYQ]RN+<P$/4-P]X?GWX841F0._N>#UIZ]".8.0#Q ?2'R#A[
MYX-ZYP_7#E'<-*N#IE2.[7.D6VE(ZRITRVY:4S"8I;=U@#" 0Y4$(!S- 37,
ML'MF_P HJ3)DIF*F)E2TS%45,3+2E:@V:P I74T\8^)GG\?WK_\ Z@&'O-D*
M::O>S>J9Q8WHU\S^4=51<37 /=$?YM_A'")?US[^?. "GH%OER'G'6Q& ENI
M CB(]WN\Q#W-OGXX(AK>WX;9O1M ;9.ST+<+;\K[]_H -QW]\>0WN(<@P0FK
M9ZY\ *FO>;%W(L(VUW!%]Q?PB>U@R"_932>"+8UHO2E"(=(_QP\ONG\Y.6X_
MW:RUOAL/Z]@#!%9)"LL[5-J>+'SH!$"Q]/AX>(6O\ #>W?81"V"$>.FFH9_
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M+. J*L%3L=-JM,T9^OLN)<S-_*O$(]ME?#LCD5(UB^Q2"6/>.CT'K6(J*2*
MU+_G$&,2B/3-_60$&"#TXT.?IN,&"&?397>E[]P9X,$1@P0]3\W_ %YV9X,$
M'KF/U'IH/G\_GZ<$%:>N/A?AGP,$%&] \J/XQMU.!S[BG@^]JWP_?LFI+&.;
MF+XUDO2I??)N.CVTF<_QXE\7IL.45*<*)&3>41%I[+R=J9%ZZAH]23;- ,CJ
M2E(J-56>"B"A6[%&2."TNX1!1!1PPC$5W>A9ND/9U7:!AO\ =IS)>C6SXY1
MJ (?0]P' #CQ[H2Y6300$!%R50J@@-U$[ 4H#<AB&;%-UFJUS:R@  (=6(B
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M":>SN#53W^*"@'+JEL&R)]USUXNT2:NGYTX: !B+]_:)!MS' HK.0$VUM)
M#!;G]C$=-A&PA8;Z;[7O+][6$_W?$4K^.7Q/^Y9D"^3UB0EA5 *G1AP>S9^=
MC6%(PH1N[,7K7CEL0QBE%0X$$A0,!C%,.ALJ:]BWT$3.<X7T -L4JV#@@6$[
M$'_G2J\A[JO#6,^3L]*P=XJ%[,'H-7>NK-P,7H<M(X&2[H9"0(*12&)UHM"@
MKK(!AT@1!2]C H4HZ@,(% YR$N) H_<7"!24F;B"2]E2V#-<F7RK6^COF)V-
M*,I2RI8(L/AK0Y,_ -GTBVDR_:G(4X/7@!N!K@WN4P#:W[@%QN/< \OSG^XN
M$=O?8@G3>EVY>[+4U^56G8TM20I,Q;7- "#S:N?(0BY^)2AW:3=%154IVY5A
M,L)!-J,=0HV%--(NFQ0VL(WU><8!#&HVCA)>#G(ERU+4%2@LE;.^^M) 8)I\
M.8>O2-3CL,G"S4H25$*1O.IG=R,FT%W-;D-%YB*89R$:V>K.'1%%@6U$2,AI
M+U:ZJ06 R)S;@F CN/G"-K!8,1D85$R6E96IU/0;K!B0UN#]8Z#9NP,)C,'(
MQ,R;/2J;[QQ+*-WX)JY8W0I)-=Q_Q7)C;2\$R14.#+A'0*)A*CPQ9")%$UM0
ME3RJI0@":P &H0"XV  OR .6-6L,M0%@I0'0D1ST] E3ITM))$N;,0";D(64
M@EF#L*L!&L>Z5+[Y-QT>VDSG^/$OBQ/X1&(K\1Z>41JH'..6H.$>02,)"3*!
MWRDO&*2@.Q4C)-=!FBJN'8W+<CQNH5BR,HR<@9/K6]KE*HNF?*X5]7]4BLI=
M04]LLOR\N$-D+@SH[MTNL N5C'7/K*<3.%ECB94P 0G5D'48QQ$VDMQ\T+[8
ME3E?C^1Z,V3TB4=YHLL8#II=:05BD2,1,3_9DS'*J4ABD]F3K$DS@6PEUD(8
M+F !!>NM,N<(CE2M?&+LQ(8  IT.M%S_ .K7,)?/!04P.4H (*"!BF(!!#<0
M'NW%@MD*Z]0_KPB)!+G(?BI5G)%>39WZPL$VJNC0L0IU5 :K%<**"=<""W$=
M(=4?JNI7!9,Q@42473%!$I5$OLY%6D.2HEP;.:N*&AXAZ>.60U 4AJ#@6OEY
M'PC[D8&."A2EU&"QBEU@76.LH&*0HFU*''5;0 :] &. 6(:TPD !+ \P">]N
M$-)<<J=8Z3A)9LF!BJ"4'! $-!TS& I#F)I.0ASG3L<@Z"J 0YB:%" !#E$:
MB-QF*FJ[EG9KT%GUL*<!0<6J;/?UZ,65X!$46[DSQ(SA1P9,S5,AQ6(D0NKM
M"BGG(@4QS"F1(Q@7\TZ@D @E$9DE@26)NSA_'T][QBLQ(8D,P>K4L[<:VH_"
M.NL<>O.#E$"G3*H4R0I"V.)SBJ8#'*0A# HF<X6*8A0$A")C8I0 (BEP+9Y_
M0VRM Y%BP=WH6%AG7*WC4!%RAA,]6,-Q&R=[^A,H>/?;%"RZB=0/(?K%B<N!
M/^,;9YV XPLJ/JUS2Y'B01K*49R!6QU6[PSE,".6Y'!6ZZ2K5=!0# 1TLFHF
M83$4(81L!R$.7M,(D#"8:I!]Q*LS%Y8OWQ=<O1J:O0_*O6F4=)XJK,/7DDX3
M(#E\Z6<J]64R:'6+*&4$K9,  "(I ()D(8QS 0"@&]\95K/;Y5MEW<H FKL'
M]5\..KQVVT>(@!BD$HWOYI=A[A 0WN   [&Y@(B E$!NVH#EQ=J')FUIDY-<
MHN1*4IF#C4_DW.F7=%X2C2F 2G$ "P@4=(!L(&TF'<QM0[;@)P#E?:PSW@EF
M%14OJ:@:\3W7C)EX<$.1WGAHX?H]:-'=1B;J$L6]AOYP"("-[E#S3 -O$0WY
M^L+1,!!WDLX  !()U()#9OKI%DO"I-""21?3I2O@V=XO+6+;DL)T=1]PU" "
M 'W.(@ A8NX@%@N/=N(V&)F+4#7]D4_"X9B[$9<KTI&=+PTI-=P;QS8YDT>I
M&1^&W&%U$1*76)D7(8J:A@ !T6-<^D"  ;@.]@N8=_.-SN X,V<$GX2FE6%7
M:X)8-9\[U#NVWPV$<IH,@ YN'%3HS<7!XDJB;AT$TA32;=<BBF02J"(=:4I@
M-8@B700YSF.DIUE@TE*%A$ -JQ)<U167F-OL6HVKAW9F( <W%*O&[5@QNGX0
M4@"II5BP9ZLH5N[196[),S50H'T=66XI:C%*8Q]Q'0 C<X <?L@F&X7+<H";
M5)4Q29EOQ-7,M2I+ C@ "VKEA&&24!&ZGX16]<J&WQ,'HXUM$=LPP.6:1*<G
M5@5D0"%L >:"Z]AV .8;@/?SWQI=LUQ,JK_UND/Q][-<>NM8X7M"C<QDNF[_
M  .5O[9, L31K:\8[E/.^S130% -U1^O&_>F;M"NX?Q1W$0Y]X!<1U8N&G&6
M DAT&O$$F_$ "HOG>^YV+B_<824E=99]X7 JD^\74 7!S%3F*WVRW!6(#P;\
M)8@-P'AFR'$!#D(#E92H@(>L,:V95:SJM7F8Y;%$*Q.((J#/G$'4&8HB-8UT
MJ7WR;CH]M)G/\>)?%B?PCE&&K\1Z:Z#UT[X&KD2276!LKU[<BAP26$ *)TP'
MS3&+<0 UK:@ 1+J]B(A8<9,0A:4#1-19BUE3V7=+)I.ZCJVI8:FH1F+@2-G\
MW,2:$-&)&4TG2*F9V_*7M1P!-!!554RA$P-JBM:9:%S%%DRT*6K7=34L,SF
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MQS^S0^!DTM[P\C[Y>;1ME>"K[C;A*]K+D-^RRE<:]?XE?SCYF.:G_P!OG?\
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M2$D,I:D("E '+=!'XMT/340Y+S*-ZU1 JS(R0%UV$S<Q?.,!0$HF$NL0\P
MHFTE$QMBB8PCCIQK72+DO;R%V_6,U6S0I-"E1S!(HPR)=\WLS!KPT-5Y<'9-
MUSBDF<RJ9B !DRF$A1,41. [:#AI*4!T[E,<+% ;FS9&)!^))9MW>:U;#5^&
MO"-3B]FD _"<R*7HY ;QK=LR'A]6E,.$'A%U4 43%V@4W6$$R(V5 P)"'FE
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MY@&I?E^EHW>&DH4027#T K4,SV\3STA:Q3Y!,I"E/RY@(^._<'</?R$+WMC
MQ 62I1%&H0:,*,7.G/O9^DPLH(+I(+$%@P#"@9G>@''45A>,Y(4@3$P_@:TA
M4T"F82&*;2(G-IT]6)C:1 XF. )B0-=RZ#& N2+DESE4?(DCASCMMGRT*$NS
M, 13>+BX'<]0SZTAT8":0*R!0JH'4*03"4Q1* C?38INL*!3:A X"42Z;EL'
MF@3'(8Q,SWH2:)S8APX%=VYHVM;7CL\+(3[MQ<)<L+59537F&\7CZS$ZS6\Q
M(Q (5-,RI[@)Q7$@ M8]_/3!4QC)F&X]4(>P$MALD39TMM[?8_"&S2 2"<[
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M(Z8]4(&.F8^@#'**1]=C:MK8<_&R4I*$D\W8=YXFS](V.%V;BYH*DI9)JY<
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MRSRM>&WR[XA&%)(-TG-/+.G>Q55R)QKA,"E%.P(IN$05*44R#L1PB*!AU(G
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M2X*C D@\' RZ^<6@ @4%O'QM6[F_&%?Q,]''0F5-,U1FBRSTC*5IMYFC7T3
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MT^9,079^(^?CQI1M(['"_(F;97=44?\ G%+FM8>8IL? ;7'N$?#>V/D[VS2
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M&$2)W*1,#:"V*!@3(!A#5I#N\?&&"YBYBD)=:BLI2  -XE@  E*4IR2 P%&
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M0M;T)&^E@E(<DBI-!Q=>.,UAF"+!GKZI$#"*B@E%550YA.HJH8I2@8QC&[@
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M#Z0\TP?J_7[F-A@D;BU4_8OK4>N8C7XU3RT"_P#".<W^$M7/,91["_H9'/\
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M%'#>,FXQ4'T2]>,P;B^CDWB0""4HP*[9JO8IT1O)-VSV.>J-08R<<Z=.!^G
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M%N[<34HY,==1T21?.G+=9N)D$Q;G= L=-<2JK$!L9B5)0BCI9!!MW4IRMGY
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M<[.GRHIQ[=RNP?D<%1-3A=N=G9^SL'-Q/M=[?X+:)DXS[YA2-M8Q"Y_O\8C
M*2N5B9<K#(3)EX&?B9(FX_WGOYDI$^09:E1*=LW:TK%XB7)]G_9+%80S,/\
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MCW!>P;VP&G/2O0 UNS7%,G@OR%"3\Q2SZ&M2:1DBROR+JNO:1XLYBA,_<O\
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M5&8-SKMTEQ4(60-'</D*-9M0QU?+E1$<#6]_ST#-;5C%F^HEG1WY0YG\K?W
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'#!!!@@C_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>35
<FILENAME>g494294g47z40.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g47z40.jpg
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M 0$! 0'_P  1" ": 0L# 1$  A$! Q$!_\0 'P !  (# 0$  P$
M  H+!@@)!P4! @,$_\0 21    4$  $&"0@(! 8#     P0%!@<  0(("0HX
M.7BVMQ$3%!4W6'9WM1(6&!HA,Y?6%R(T5G.6LM09(X77)$%%5Y689G'3_\0
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M8"X?B5?#%3P-XV!?[>W#3^)L%0P* 4 H!0"@% * 4 H!0"@% * 4 H!0"@%
M* 4 H!0"@/\ "=4TU.R)8*"@1(9J1T-,3L3IL KDH*(P0PP*>2Q'$PN:.B@E
MS H90"P@^80 PF(=\0L[X@?H$L)(RH:0P51.%6B)0L?.I 1TL(J$R)W,8(F<
M-)^(MS9<H;$+F RQ@4+ $?, ; +//(+.V('T: 4 H!0"@% * 4 H!0"@% *
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MO9Z-:.&>YG\]UDLW6>S4-2<CF73N(^91(0T<J*=4E Q@6"',9A%2H(@V>
MPV5L?DAAYYWMC<#PW+<377!<U^;^;]-X&]I4E'6(*4,F+(N+7>H+C:2D^VVG
M#O2[2LT&BY7(T4997&XT7PN-IU+Q1(5<4A&.#IQP$ 9P73HU:_H\&HV:H8%
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MI-[&Q?5&<(VWX^+J;I:DMK(K8R[Y/S(B1-4")<* 4 H!0"@% * 4 H!0"@%
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M2;V-B^J,X1MOQ\74W2U);616QEWR?F1$B:H$2X4 H!0"@% * 4 H!0"@% *
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M!\=PI)5?0%Q"/8F\R2TCJ:2<P(&;DSV952)#DS&)(Y80&Y4WD$-G8L9L,%<
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MS4F]C8OJC.$;;\?%U-TM26UD5L9=\GYD1(FJ!$N% * \-V+C98EJ)G7';?\
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M^MD_L>LP'RFV=)@G6%HD4M8HF1TZ4I9CF.CZN1=[P'.I1)[/!&;)I2)@#A6
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M/5+W-O/ML'5Q\&7<-SWN'H5*SR[[JH-WEZ1"*75FD#% 6<_!2Z+73KW>+7>
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M<70DT^76E8?# LJM-77$$X6$*F"XH&9)1%MCAG8,7 $;#,+ 8<N+E7''Z?\
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+7RJ>+_G+ZN1#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>36
<FILENAME>g494294g48n63.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g48n63.jpg
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M(" @(" @(" @(" @(" @(" @(" */#]X<&%C:V5T(&5N9#TB=R(_/O_; $,
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! ?_; $,! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! ?_
M !$( !\ 'P,!$0 "$0$#$0'_Q  7  $! 0$                *!@@%_\0
M*!   00" 0,$ @,!        ! $" P4&!P@1$A, "10B%2$6)#-3_\0 ' $
M 00# 0              !P0%!@D! @,(_\0 ,!$  @(! P,# @4#!0
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MV]QTG[EZ0MZ$UWJC2UN)HOZ7EK24RP(%C&3N;.+MIX *6<?+7F&WZ2Y0_<C
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G.9R)BFSV>FB6*?(3Q*PBAAB#2?2XZKSD%6J))"&DDFFEEFE9NO_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>37
<FILENAME>g494294g48y68.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g48y68.jpg
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M 0 !!0$!               ' 00%!@@" __$ %01  $" P(%#0H*"0,% 0$
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ME]-O\\6_Q[&Q "@
M
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M+LM,,I90PREEM+S*%\KK=+[Z4Y5]+.5=R*75K2WE7<GJ=6H ^8
M
M                          U"\+JX9LNQYBIBPCF#'\#>$[S.\COV-'#:
M>?ZEYGSTQ8VBA:I=!,'Y!QW3MDL=D:-]6NCRVO-#XN6X4B2I\27IK.RD0]-I
M5:I7V5I>F5+MBIX-K_(-UJ<(GCJ-/[YD)?C60TS;F'(# \9#7RJ/8VU;F&!,
M"M&MV*LDPUQ=U-()L#$<ZL<KMJYK6DF19";S,J2M%)9,B5RZC4*K3%]-V2F6
MJUWTI1;KD6B&_,#P      ! O+G!YX9S!L(GV(>GB8M4A4NFNLBED::5;3[F
MI?*=3I[)<D8$D2^BUJ5.[<MBLFE3E:\$M+FD1RAE3MS0O3E%$K37 5QE1*;_
M -:(B\:(9OJOJF\ZT*\H+'?9+..P!F3Y)66GE9?LQ8F2Q=^6N3\ZR)PCZ?&&
M-<=VJ%,E/>421>HDM9 H;V>+QABCYK.S-G8)P*M=A$WJW\:J2] H
M
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M;%CPH3E;"CHY&Q(C6JK5695$5$6ZJ*E<J*=SXA@D\
M
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M$0NY#QZ2TN6Z9A;<CEPGT
M                                    C_DK:C7K#TGD,-R7E6,1"3Q/
M"<NV-D[0Y&++E,?PI!WQFC4AG[O<D2*24#78_OS>T,Z12:6[2=?:Y)XPW/!C
M*\T0!1?L]IGN,\K0#,,?72?'4@LD#4TRF50AZI>WNS*ZL,Q@[ZMC4LB\@8']
M U/S"^L3TWJ4:UL>&U$KI;0E6648B5I%)X9#T,       !A#OC/&\@2.+>_8
M^A#V@>'RV3NR)WBC"Y)'22V("FJR0N*9:@.)6OEK600VVNRFPU?:@)*1T443
MEV%T"M,AFMEEA5EA9=EI99=MMA9=EM+++++*4MMLLMMI2VVVVVE+;;;:4I2E
M*4I2E* #Y     Y.N%]X;+<'1;<M[P'A=DPFOA#?C^!R<A1.H7)7Q_JY25"J
M4N%IB]KG3 DN2VF$V43%4;K;R[>K2\TVM>K23L%<#[*MJR63TW$G&QG1X\-4
M@1H3(>+#<B-^"Z!$6M]ZXWL0T/"'"6T++M%TI+,E5A)!A1*Q8<1S\9Z*JWMB
ML2EUWP35[W3OPC/]5]8OU9S;^:@V3P<6!\K:7]1 _"F#[][8^3D>1B_B!W3O
MPC/]5]8OU9S;^:@>#BP/E;2_J('X4=^]L?)R/(Q?Q [IWX1G^J^L7ZLYM_-0
M/!Q8'RMI?U$#\*._>V/DY'D8OX@ZO.![W+RUO;IRASSFI%#4$V49*G,2,3P1
MG<6)A[5QR]JM;[[4#H]R!517=1:=V2;5PJ69U+.025R:\J,<*[)E;%M9TC)N
MC.@I+P8M8[VOB8T1'*[X360TI<E$Q?:IOF#UI3%JV<DU,I#;%6-%ATA-<UF*
MS%I<YSUK>M?A>PVEC6S.  517"!^'INUYW.R/3',QTW869+&X*L_JD$@BU\Z
MVGI\WT\0B(,J8X   +6C@ZN;[T7\SO6;H6A0YEM_/MM<+6CUR,3O8^:;+X.D
MNK0B9 Q)D2/>V_@I[-^;WFCHXD@O[*SI9NGR?6(9:3_B,[HDST+RI3'4) 0
M  >[ZM>$WKGY=\1=($>%E:6;I_0IKH(A=R'CTEI<MTS"VY'+A/H
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MCTEI<MTS"VY'+A/H
M       $?-D]G\1ZF8[5Y5S4NEK7!FR^XU\>(ECC(.2JQIF3=;N=I9*46/(U
M)EL:A<?)-*/?Y<]IT+ U4.2)U"^BY>WI%0JB*JT3+^=L_-9MO->Y!FN[7UGR
M"D79.[8.S$2V$MSMVI62I@Q_$,L/D-122Y%1B5RUIQC/8C/%;$2ON6>YQV,5
MD6GF,T@(:0HM*TN_Y5.=%)*@4       BQE?5MHSA/XI(,I3)UEV/8%D+%V8
M8%BE?&H42W0K+&)5;BOCTLC\S0L*2<6IG)>M3+Y SNCRZ=F'-A+:B<&V+N4B
MCCT*U_.W4\KU X/#$&FK^;(( _S"0J6[#<4UWA14G4-MUL2PM!\E93RE%XM4
MQM0(C']W0/F67AH/D[K6Y6JC$<AZ#L4ER1/[S)!57*N7;5=G*J(FWZ.<GV!Y
M   "(6\FX\&T/UZD.QF18O+)A%XX^19A5,<*M9[G\]3*WA.RHSD]'US:&[K"
M8]1::IZXML,ZS;=UJPR_J6URMBV3&MN?AV? BPH42(R*]'QL?$1(3%>J+B-<
MZJHE$NRY3'VG:,*RI1\Y&9$B,8YC%;"Q<=5B.1J4QW-2B*M]YHY[JET\\7C9
M7_<8N_F -S\&EJ[OL_\ \G_":QW]6=N2=XH'^8=U2Z>>+QLK_N,7?S #P:6K
MN^S_ /R?\([^K.W).\4#_,.ZI=//%XV5_P!QB[^8 >#2U=WV?_Y/^$=_5G;D
MG>*!_F)+:?<8'UJW+V/QIK3!,+YRB\KR>KD*-H?I:5 ;8\WWQR(2"9*KG&YG
MF+FY4M/0QU4E3]C(3Z]EGIZ&4L)ZX;9CK6P%M"R+/F+1C3DG%A2R0U<R%K^N
M.UR+#@IBX\)K;G1$5:JER+LW%[9V%DE:4Y!DH4M-,B1U>C7Q$A8B8D-\1:XL
M1SKT8J)1%O5-B\WVC2#:@ ..WC9GQ?0C]-M#^QKR)8U+_P!^?RS_ ' CS#W)
M96_.\TH<<(E@CH   .P3BF_Y:WL^:];OXO.8BG5/^)8OSK0YI(D/ ++:N])<
M\V=E@B4D4 "N^XR3SG$I\CF(_5*\3SJ?>3D+2YKWFD189Y[?HTOS.-" W<U0
M   +#/BU?-G-7EQRQ^\CX@?5"\HGZ'*\SR7,#,RII4?^PW^C1S;  *HKA _#
MTW:\[G9'ICF8Z;L+,EC<%6?U2"01:^=;3T^;Z>(1$&5,<   %K1P=7-]Z+^9
MWK-T+0H<RV_GVVN%K1ZY&)WL?--E\'275H1,@8DR)'O;?P4]F_-[S1T<207]
ME9TLW3Y/K$,M)_Q&=T29Z%Y4ICJ$@(   /=]6O";US\N^(ND"/"RM+-T_H4U
MT$0NY#QZ2TN6Z9A;<CEPGT
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M5S46^BJEU;S<9*:;.RDO-L:YC9B$R*UCJ*YJ/2J(M+JIZ#VP69<D7-XO JW
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MV=E@B4D4 "N^XR3SG$I\CF(_5*\3SJ?>3D+2YKWFD189Y[?HTOS.-" W<U0
M  +#/BU?-G-7EQRQ^\CX@?5"\HGZ'*\SR7,#,RII4?\ L-_HT<VP "J*X0/P
M]-VO.YV1Z8YF.F["S)8W!5G]4@D$6OG6T]/F^GB$1!E3'   !:T<'5S?>B_F
M=ZS="T*',MOY]MKA:T>N1B=['S39?!TEU:$3(&),B1[VW\%/9OS>\T='$D%_
M96=+-T^3ZQ#+2?\ $9W1)GH7E2F.H2 @   ]WU:\)O7/R[XBZ0(\+*TLW3^A
M3701"[D/'I+2Y;IF%MR.7"?0      -2.RV4'F(<)SJO$&_*4W9HY)-/-U9%
M*,?1R2N#F@726'J,*F0"0HL756FLCY.D*)VF_N3O/95+FZ]1P0I[CTQ!Q18]
M?L+\YM_L=6_B^HCKP&>6,^Y#:LRM&>9I*,@KF'$FF\AB4SNE+M+H5+H[D+'$
MTDR67/9K[)9:XQ':!Z1F-R/:7'Z9\51UDD[)%'>.&+$,CO>'45>B5NHF7T;.
MUM;2[.S>AOX \       0R7<'AI,YR[+D^<=;L;K9MGIDD$:S)*U+<L-D&1H
M[*WAH?I*QR=UN756+VE]<F!GO=&^IMB58E0$MAQ5S94Q'>*U7)5:9:5/<L)8
M&PWK= 46+<$8XBV*\>-R]S=441A[=8V,Q#D\JKEKJNM3V775N4KE5U35!M]]
MU]]>3;U:6666VBBJJWJM5VUO/6P    1YSQMGK5J_=%K-A<V8]P]=-[7NZ(V
MSM_3,=9#;'*M-'VK7V16G9-&JKZST6\C^A[9).5_2T%_(V7:-I:[W!)QYO6<
M37=98K];US'Q,:F3&Q'TV\52TFI^2DL3NN9@R^NXVMZZ]&8^)BXV+7+BXS:[
M54(]_P"ECX-?QUM??3UM_P"HO^]?"'S//<BI:?IVQO.<GRS.T?Z6/@U_'6U]
M]/6W_J'>OA#YGGN14?IVQO.<GRS.T?Z6/@U_'6U]]/6W_J'>OA#YGGN14?IV
MQO.<GRS.T]WP5N)JWLVYO[-K[G?&^7G6+(4;G(T$&D25[4LS>O4&)42M>6GK
M6I!"E22:23?=[UYEEUM/?H+&=LFTK-;#?/R4Q*MBN5L-T9BL1[FHBN1M<JHB
MHJEU*VA(SJO;*34"8=#1'/2%$1ZM15HBK3(BJE$))C'EX !7,\8LYTS+GT!P
MST<,8G[ +R:E/73G68A#^&&?(_J9;HFFC4;D:N   '?GQ7CF\<A^=CD;HOPH
M(/U2,_2_!<OUF<)7P(S1&T^-T$L='HC\W$ "IKW8\,S;?SG,]]*DK'3]CYIL
MO@Z2ZM"(%M/.5H:=-]8B$8QD2Q   "TSX*SFW])?-PQA]G$@YKPF\H+8X0F>
MD4G*PLS69H<'W$)^C!F6(N;Q>!5N!YKFP'1/+1DK&SQ97"4CUJ$6-IYMM#09
MOJ\0J<AT\0*   &98Z[X,$^F48]=H1\H_P"HC>JB>XI]8'Z^#ZV'[Z%O\.5#
MH, #1;QC+FM\H^4;#?V\;!NF 'E)+:/-]"XU?##,<?UTMTK2NA$^$/@  !MQ
MX"/G7]1?GO*707E :MAKY,6K\R6Z[+&P8+9^L_YT?JL<LOQSP30 !QV\;,^+
MZ$?IMH?V->1+&I?^_/Y9_N!'F'N2RM^=YI0XX1+!'0   =@G%-_RUO9\UZW?
MQ><Q%.J?\2Q?G6AS21(> 66U=Z2YYL[+!$I(H %=]QDGG.)3Y',1^J5XGG4^
M\G(6ES7O-(BPSSV_1I?F<:$!NYJ@   6&?%J^;.:O+CEC]Y'Q ^J%Y1/T.5Y
MGDN8&9E32H_]AO\ 1HYM@ %45P@?AZ;M>=SLCTQS,=-V%F2QN"K/ZI!((M?.
MMIZ?-]/$(B#*F.   "UHX.KF^]%_,[UFZ%H4.9;?S[;7"UH]<C$[V/FFR^#I
M+JT(F0,29$CWMOX*>S?F]YHZ.)(+^RLZ6;I\GUB&6D_XC.Z),]"\J4QU"0$
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M'B2P *YGC%G.F9<^@.&>CAC$_8!>34IZZ<ZS$(?PPSY']3+=$TT:C<C5P
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MB$_1@S+$7-XO JW \US8#HGEHR5C9XLKA*1ZU"+&T\VVAH,WU>(5.0Z>(%
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MY[?HTOS.-" W<U0   +#/BU?-G-7EQRQ^\CX@?5"\HGZ'*\SR7,#,RII4?\
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M;:(>)+  KF>,6<Z9ESZ X9Z.&,3]@%Y-2GKISK,0A_##/D?U,MT331J-R-7
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M!#IP@<   /4<']^K$'E1Q_\ :QI%M.>)S>C1^B<?>5\9E_7PND:6[XY8.@0
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MJQS0D*5_8YRQ G=3%28I1^!,.*LL-^!6X7$G,]QS<K-M9CNE9F!,M8YU&N=
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MQ.\8Q3(,EG<1RDW*)5<\MK\PJL9RJ-WV1ENE+,I>$5#4[W>T*4#DM%<5;_\
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MS2I=.UD<C:5<L+;6U(3:8K5*C%"DT4555;]I$]B$C0*     $.]IM5[<YR?
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MAL4R#,VF33*/,<B@S$Z?<^;Y[,*QU8:0\U:T0*ZM:I55V<F1*(E$VC<*!Y
M     TF[(<'CD5,P[!X@P8762:L[^9^><M;D0=O7L+1G*"KYJS1%)DAZUZDD
MQ?6& +FO*JN#-2::,L[/M=(46]220P14^JUK='6,>D=>B[+4HEUWMI^<A,V*
M:5LJ#8/'6?Y6[0MS=<&,60(-@5/$<760.6Q/%DY98^PHL:Y#G-DVD]^4F.$-
MC.J*B]:L<5+(5K[7-4G5N:8Y:X"E;J<>U785+KKB<H%  -5^R'?GF7^'?LHQ
M#[,^*GMYU/B_XR^SF0V,6]\D[Z#IO7RL?/\ 8_B^P^G[?\/VF<#R>@
M          /@88627>:;?84459<8889=;86679;6Z^^^^ZM+;+++:5NNNNK2
MVVVE:UK2E !AJ;)..EK TRM'/H4KB[\XEL[%)$TJ8CV!Z=S5)Z(IK:7@I?>W
M.+B8L2J4A:%&H.4WJ4YY%I5323++0H9*8[-1*PUN-<V\IP(;ZNIZ$Q8FL6$M
M=#;R*N1J:XRAQ;?0XN\FJR^RB>AMEY?7.7;6E /RXQ,HA-T!SI"Y5&Y<V)U=
MZ!0XQA\;'] 0N+)(4&(CE;4J5IRE9:=2F/O37F6G6DJ"#;K*6&EW7 9(
M              P::?&H+].6_P!3/PJF1=[[4*+E3?\ L4SD4*@
M        !BQ4YA)ZF5(B9A%CED%+*.FR0J0-)BF'$GHS7 DV5$6*ZFQXLY 0
M<N*O=K$EIB,DU396I)=]] /[4\FC:M RNB20,:ILD9B8J/.*=V0'('XU80:J
M1ELJPM1<G=#%28DY0FL0F'W'D%&FE4N++ONH!_3VZ9JO%8]1V;.W]&^CO5C[
M/2]N*-55'8E'.K9UWLVC?55_\:BWK'8W9'X'KG7/@@#],
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M?ZF?A5,B[WVH47*F_P#8IG(H5                  #F;V7UPE&9<E;^R+
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M[]E&(?9GQ4]O.I\7_&7V<R&QBWODG?0=-Z^5CY_L?Q?8?3]O^'[3.!Y/0
M                                      &#33XU!?IRW^IGX53(N]]J
M%%RIO_8IG(H5                                          PC)G>W
MR#]")7ZA7BJ94WTYRBY%WEYC-J?BI_93_(4*G^@
B         #5?LAWYYE_AW[*,0^S/BI[>=3XO^,OLYD/_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>38
<FILENAME>g494294g55y85.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g55y85.jpg
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M 0$! 0$! ?_  !$( )H!"P,!$0 "$0$#$0'_Q  >  $  P # 0$! 0
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M;@_AQ^-\?AT7!*/FXR=N".QTHTX?KQ\M/>V]3'K:W[J#9+5J=]D#LDC13KN
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MX310013UU32123UUT333UUTTTUXUUUXUXXXSS!))))))-R3J23O)/$E=X
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MF<Q-NXV;1UJ37,,R(),F->%(WBUO6UOUT6+%1"NZ0^^^HHIA,^QEAP( UZ!
MVUEV/&K-@:LRHN/==^]@/MS+[# 2YN/+1<I*;%:U&=E JQ=&U@(R!YUPWE&N
MTL;0=1,KFUCHW^K0$::MM8^%]+< ?%=L5Y0TI[ =!(Z#MDSVNVMUKVK[/5W
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8@_WO2[_P'\L!<V9\H]?<K%_S'T]@O__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>39
<FILENAME>g494294g59y39.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g59y39.jpg
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MN.M4SYF;/"B2\<$!$';XV2RX]P2VOGD87]?KC\9LR!@
M
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M$LLLO'' LLO#'C'####'CC'###'CC''''CC'''CCCCCCC@ ?L
M
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M+"$J!A>"C%12AV5#.J5+HED3'#'"Z679OBFW<DV X@
M
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MS56,Y$7#9:IVABHRR
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M1_*KP=J^AOXVGLY/:]TW26\3BT,&MY=X
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MO$XM#!K>7>
M             $/^G_4<SOW9&T*_L9-(J^:7&0;(IJ ;#$$+(KYRKS5F\&#7
MF<.LUD1ZM58""XGFPGI&]ELJ\N/P@B(22/L#2A<I*SN#](AR5JHE_-];DU2?
M9^L4/[-8.H7_ #+]1N^M?HM+X^MJ" :SP^>PN,I6)8CE64P2W98U=6"^RMQ<
MVM.L3'&(FF$+6:/)U6*1!')*RG.24F5FR%N905MFHNVJIGV+);[R70#B
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M^57@[5]#?QM/9R>U[INDMXG%H8-;R[P
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MSLFBJBS<LBHME18\)%14SHJ:O!4/Y_YG-:^WV_YA*-[?:[7;_P 6(%V^U_\
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MR1"*+[.X?W1]8T;3-)-R4BA\I1JLR%[9D68%DM>ZWPPMAC?9OXMHWR P
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M1K27F !SI=D]>#HB7YH:T]A+8$^ZG&O\7ZMF.?E2(9;:SLTV!S<<K_!>14P
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MCD!%JE>@  !V7]B<?T'>K\7UR_T=WBI>J?\ OT7S:AQR18V07[E4\Z3XID[
M15)80 %;UV0IX5W8?\ I#W(5^-@,@_!F1WR<]\CE.Y7Z^S6]RWN\,A4$P(R
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M;R[P   UBW:_LRVY_+%??NJE8]*C:\4KZRD?>H1\52UNG]"FN8B%38-GBA
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M+B[!$VI0Y0)T.<3VV.-*1G0G+SDU@HTQJTU*C*S5&)TB4@P_(S(I.07SB5C
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M]WCRDA#,V%,A;I A-4LYJI&MX;6E=PE/*(=F9G=B5K6D!4LJIM>@V@ P
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M2U)E<W@W+9*6:9QA2CBK,XO[>M+:WA'$7$E?PA&=0M_[=4GC2U_\>5"5T#B
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MQXN1<C?I"UL;S,GA),8XOL/F)Q1)+D:IJ9D;2G#58*BHBJJWOC?CMM[&R2'
M<0      (<9;TR7- \5I24#51.2]/I)?#MLG.M=)=(G&)2B-6QE8O^*C&W0^
M6-4"F2>::_DSU:ZS1?23Z7#9#A+>&_@NX5]>\J:VQ'+59U7]ZUK^*UO7;"^-
MTSI?$WMK/6)NAEN+;[FL\D%N7'E7SK4#78$ECL"C#RCJEPGAEA$11R(KN+Q-
MH?5"!XQ;4I#NJ;2?FF]F2<HV]$YN<H<I".-]C8-H0  $.]G?:387EQ+/7R\=
MZ9D\B<1T+G7RKQDJ&/VDG>0Z;U\K'5_!_=]QV_Q_V_>9P.)R
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MY"-4N9C'V+.3HV8.B),X(%"I!DIX5)R5J4PTK# \KG(95%3!45%\>!ZD!@
M              #!Y;_6ZU\N%7N^G@RF9?)]Z&%SIY?N4S@8,@
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MF0F= X@                8/87]!0>7%8^\F)C*9_0O$IA<WI3C0S@8,@
M         >>VNX/;16\S=XQ69UR2AG85KO%ZN(<XHR'3B3->'"^/,);Y.'!J
MBC'DJ>4Z+GA[>EY*9H^1W1PQ/4)B4YH',79_3.VUM.E6-)%:!75++)Q4^_E9
MV%"I!9M/+<V6X-R+/I6UEE]F%P>:NL,CM<J9#')NRIX3"I%,I?"X1%J\;BD4
MC<UCD8B'8CD1<5OBU?*C4<EL;77-Z<27*F=;)RR[T;Z6+9]4?Q'2=SU#I5'H
M-(Y$JK>0H;%E>OJ&VC9::OB7$F<'M X%/<KB[JT+90P-:16O(/5%*R3$).9C
M9OY/LO\ $X?PICC=<,<$P]&V;7:B5@[U10L09Y5'6V)SZ5K)1:UEQII[EYM\
M;L:W90[V/+XB@5,V1C8O:H*ZR4V"L"Q$::D,CL::,$AG*0LCC@%S_8GD3!#9
M8#            $.]G?:387EQ+/7R\=Z9D\B<1T+G7RKQDJ&/VDG>0Z;U\K'
M5_!_=]QV_P ?]OWF<#B<@
M  ,'EO\ 6ZU\N%7N^G@RF9?)]Z&%SIY?N4S@8,@
M                    8/87]!0>7%8^\F)C*9_0O$IA<WI3C0S@8,@
M                          0[V=]I-A>7$L]?+QWIF3R)Q'0N=?*O&?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>40
<FILENAME>g494294g63n49.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g63n49.jpg
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M 0$! 0$! 0$!_\  $0@ F@$( P$1  (1 0,1 ?_$ !\  0 " P # 0$!
M       *"P8("0,$!P4" ?_$ $D0   %!  !!@@*" 4$ P    (#! 4&  $'
M" D*$CEV=[<1$Q0X6'BUMA47&#4V-W67M-46&2%6=)72UAHB,934)%57TR66
MF/_$ !P! 0 !!0$!               ' 0(%!@@#!/_$ $L1  $"! $%" \&
M!00" P     ! @,$!1$&$B$Q-;$V47%S=+*SM <3%C(S055A<G6!D92ATA05
M(C31\%22P\330E*3P1?QE:/A_]H # ,!  (1 Q$ /P"4^PQW;XQHQXLBB1];
M9@)*RL>:YBB;L&"D:&:*MO8,;G436KR@A7/UX^NP@7D)^A"-,B6Q0^.(<>'1
M%$:O!'TZ@7?AS_\ [;0MO;>U_P#V?19F#?%9A'7TZ-G21IS.GP&ZJ\XI62VN
MII:_/B"'0,YH:W,4M*<HR!G>IH3-4JHS':E$RE-JL\5G!J"%B4)A3-=>'-IM
M;/[=XP1JQOMA)LA(W++,%62QFCN5<:K&22N)>O"*0KX9!M@=V$R=W>E</7,*
MYP"7@"7Z_N1[$I3A1I7:42L,<CC=('+(2(0KFMF7;O)F]]_=G4P/&$ W\Q;A
MN,0>'0T$7=V?!>,XDWJ4X]?%SHARC"]3<>1>/$RQR4N2VTHQDT9EC\I89ZN,
M7.4_&B41J^.W(<*)6'H@6U[\-]-]/B\6C]W/I;K^L:0OKXH9+R!Z:3<AOJUN
M:'@.M"%O% D.8=DDC(PM$A;^:]1D+SAT_7IYL_R&+Y*>@/+<2R+FEC5O$^>F
M(,V]XO/IS9_'HSFW&LR65HX)*29& XIG^.3-1N-"% ;@-3XH.R9)#8(4G!X
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MX(6EI;$BA>Y.CFK(0-S>A2%"/5+5RU484F2)$Q(!G*%*@TLDDH C#!A &][
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MW'[,T/OI%JV/".Z2D\I7HHA@\2ZCJ/$MZ6&5A]=&D)B@)4/)4O.;V?["&/O
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M&1G9R=E7RLK,3#&2N0YT&$]Z-=VV(N2JM1;+946V\I'2^03NWZ)FP_W1S?\
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MA/L=ZZYHF\)E.5G)TC<LB^-Y8]Q]];3&YM++7-3J@:ST:Y*,99@ GIS3"Q"
M*UA>&UZGO#5:I$O0:7 CU.1@QH<LUL2%%FH+(C'93OPN8YZ.:OF5"(J[2ZE'
MJ\_&@R,U%A1(ZN9$9 B.8Y,EJ7:Y&V5. T#^03NWZ)FP_P!T<W_):SG=#0O+
M%-^,@?68G[EJ_DV=^'B_29IC?17=!NR) G!?JIL"C0H9I%EBU6IQ/-24Z5(F
M?$)ZA2><-G" HD@D S33!WL$  B$*]K6O>O*/B"AK C(E7IRJL*(B(DY 555
M6*B(B(^ZJJZ$/2#1JLD:$JTZ<1$B,5567BV1$<BJJ_A\1:)BR- P!N(<N8
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/Q5M532G"FTHNA>!=A__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>41
<FILENAME>g494294g63r06.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g63r06.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[2[J4&AO=&]S:&]P(#,N,  X0DE-! 0
M     !\< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< @   @   #A"24T$)0
M    $-/)GTL]C>HHA4@U:H05G"LX0DE-!#H      .4    0     0
M"W!R:6YT3W5T<'5T    !0    !0<W138F]O; $     26YT965N=6T
M26YT90    !#;')M    #W!R:6YT4VEX=&5E;D)I=&)O;VP     "W!R:6YT
M97).86UE5$585     $       ]P<FEN=%!R;V]F4V5T=7!/8FIC    # !0
M '( ;P!O &8 ( !3 &4 = !U '        IP<F]O9E-E='5P     0    !"
M;'1N96YU;0    QB=6EL=&EN4')O;V8    )<')O;V9#35E+ #A"24T$.P
M   "+0   !     !       2<')I;G1/=71P=71/<'1I;VYS    %P    !#
M<'1N8F]O;       0VQB<F)O;VP      %)G<TUB;V]L      !#<FY#8F]O
M;       0VYT0V)O;VP      $QB;'-B;V]L      !.9W1V8F]O;
M16UL1&)O;VP      $EN=')B;V]L      !"8VMG3V)J8P    $       !2
M1T)#     P    !29" @9&]U8D!OX            $=R;B!D;W5B0&_@
M        0FP@(&1O=6) ;^            !"<F1456YT1B-2;'0
M      !";&0@56YT1B-2;'0               !2<VQT56YT1B-0>&Q >0
M          IV96-T;W)$871A8F]O; $     4&=0<V5N=6T     4&=0<P
M  !09U!#     $QE9G15;G1&(U)L=                %1O<"!5;G1&(U)L
M=                %-C;"!5;G1&(U!R8T!9            $&-R;W!7:&5N
M4')I;G1I;F=B;V]L      YC<F]P4F5C=$)O='1O;6QO;F<         #&-R
M;W!296-T3&5F=&QO;F<         #6-R;W!296-T4FEG:'1L;VYG
M  MC<F]P4F5C=%1O<&QO;F<      #A"24T#[0      $ /      0 ! \
M   !  $X0DE-!"8       X             /X   #A"24T$#0      !
M !XX0DE-!!D       0    >.$))30/S       )           ! #A"24TG
M$       "@ !          $X0DE- _4      $@ +V9F  $ ;&9F  8
M  $ +V9F  $ H9F:  8       $ ,@    $ 6@    8       $ -0    $
M+0    8       $X0DE- _@      '   /__________________________
M__\#Z     #_____________________________ ^@     ____________
M_________________P/H     /____________________________\#Z
M.$))300(       0     0   D    )      #A"24T$'@      !      X
M0DE-!!H      S4    &              4A   #)@         !
M                  $              R8   4A
M  $                         $     $       !N=6QL     @    9B
M;W5N9'-/8FIC     0       %)C=#$    $     %1O<"!L;VYG
M  !,969T;&]N9P          0G1O;6QO;F<   4A     %)G:'1L;VYG   #
M)@    9S;&EC97-6;$QS     4]B:F,    !       %<VQI8V4    2
M!W-L:6-E241L;VYG          =G<F]U<$E$;&]N9P         &;W)I9VEN
M96YU;0    Q%4VQI8V5/<FEG:6X    -875T;T=E;F5R871E9     !4>7!E
M96YU;0    I%4VQI8V54>7!E     $EM9R     &8F]U;F1S3V)J8P    $
M      !28W0Q    !     !4;W @;&]N9P          3&5F=&QO;F<
M     $)T;VUL;VYG   %(0    !29VAT;&]N9P   R8    #=7)L5$585
M  $       !N=6QL5$585     $       !-<V=E5$585     $       9A
M;'1486=415A4     0      #F-E;&Q497AT27-(5$U,8F]O; $    (8V5L
M;%1E>'1415A4     0      "6AO<GI!;&EG;F5N=6T    /15-L:6-E2&]R
M>D%L:6=N    !V1E9F%U;'0    )=F5R=$%L:6=N96YU;0    ]%4VQI8V56
M97)T06QI9VX    '9&5F875L=     MB9T-O;&]R5'EP965N=6T    115-L
M:6-E0D=#;VQO<E1Y<&4     3F]N90    ET;W!/=71S971L;VYG
M  IL969T3W5T<V5T;&]N9P         ,8F]T=&]M3W5T<V5T;&]N9P
M   +<FEG:'1/=71S971L;VYG       X0DE-!"@       P    "/_
M   X0DE-!!$       $! #A"24T$%       !     LX0DE-! P     )&,
M   !    8@   *    $H  "Y    )$< &  !_]C_X@Q824-#7U!23T9)3$4
M 0$   Q(3&EN;P(0  !M;G1R4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&
M5     !)14,@<U)'0@               0  ]M8  0    #3+4A0("
M                                                         !%C
M<')T   !4    #-D97-C   !A    &QW='!T   !\    !1B:W!T   "!
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M0B!)14,V,3DV-BTR+C$              !)S4D="($E%0S8Q.38V+3(N,0
M
M    6%E:(        /-1  $    !%LQ865H@                     %A9
M6B        !OH@  ./4   .06%E:(        &*9  "WA0  &-I865H@
M    )*    ^$  "VSV1E<V,         %DE%0R!H='1P.B\O=W=W+FEE8RYC
M:               %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M                                              !D97-C
M "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-2
M1T(              "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U
M<B!S<&%C92 M('-21T(                             9&5S8P
M   L4F5F97)E;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N
M,0              +%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)
M14,V,3DV-BTR+C$                                  '9I97<
M !.D_@ 47RX $,\4  /MS  $$PL  UR>     5A96B       $P)5@!0
M5Q_G;65A<P         !                         H\    "<VEG(
M  !#4E0@8W5R=@        0     !0 *  \ %  9 !X (P H "T ,@ W #L
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M.VL[JCOH/"<\93RD/.,](CUA/:$]X#X@/F ^H#[@/R$_83^B/^) (T!D0*9
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M;1??<\N->0[.RFFO<(8&ULM%=GI/][?56/ZE?[P^]/N;'*"GNOM>=_W)N_\
M$9ZWTW?SW_<GZ7\__P +_.)(4C_["9224__0]57EO^+_ !<7(Z;FF_'JN<,Q
MS6NMK8\@;*_:'6-=[5ZDO-/\6HGIN<?#-<?_  .M.ANMEL]*>E]+C^A8O_;%
M7_D$CT[I%51MMP\1K&ZN>ZFH #YL3=2ZE1@4V/,6WUAH;C-< ]SK#LJ9^=MW
M_P!7\Q<=UKJ75\J[(^T9'I48Q%+<6EKJBVTC:[<3NM_1O_/WLWU^FG2D!T0
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M:0PVO;147Q])KGN_P7J?S;U(="SWEAH--]=ABNYEK6L=)J9(]8UNV[\FFO\
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M_P!<4/MY-#[AWTU_=_19^.&HX(['][J-'7;_ (I.E.:=^9EM_D[J3_[K*?\
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M""V"=WV.H:_U/3=[=J;]&)+H:.SOLE7Y/3_]&)*<X9%X :+7@ R!N.AU$_\
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M;MFW^0DIW_\ [S4E9_9O4_\ N'?_ .)/[+_-/_G_ /N)Q_2?^ _G$DE/_]D
M.$))300A      !5     0$    / $$ 9 !O &( 90 @ %  : !O '0 ;P!S
M &@ ;P!P    $P!! &0 ;P!B &4 ( !0 &@ ;P!T &\ <P!H &\ <  @ $,
M4P V     0 X0DE-!"(      7Y-30 J    "  , 0   P    $$V@   0$
M P    $(H    0(  P    ,   "> 08  P    $  @   1(  P    $  0
M 14  P    $  P   1H !0    $   "D 1L !0    $   "L 2@  P    $
M @   3$  @   !X   "T 3(  @   !0   #2AVD !     $   #H   !(  (
M  @ "  ]"0   "<0 #T)    )Q!!9&]B92!0:&]T;W-H;W @0U,V("A7:6YD
M;W=S*0 R,#$W.C$R.C$T(#$V.C4R.C,P      20   '    !# R,C&@ 0 #
M     ?__  "@ @ $     0   R:@ P $     0  !2$         !@$#  ,
M   !  8   $:  4    !   !;@$;  4    !   !=@$H  ,    !  (   (!
M  0    !   !?@("  0    !              !(     0   $@    !.$))
M30/]       (          #_X0& 34T *@    @ # $   ,    !!-H   $!
M  ,    !"*    $"  ,    #    G@$&  ,    !  (   $2  ,    !
M  $5  ,    !  ,   $:  4    !    I $;  4    !    K $H  ,    !
M  (   $Q  (    >    M $R  (    4    TH=I  0    !    Z    2
M"  (  @   /      0   \     !061O8F4@4&AO=&]S:&]P($-3-B H5VEN
M9&]W<RD ,C Q-SHQ,CHQ-" Q-CHU,CHS,      $D   !P    0P,C(QH $
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M 0$! 0$! 0$! ?_  !$( 3L P0,!$0 "$0$#$0'_Q  ?   ! P0# 0
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M>U,]I!\>>#F<_P"5_,O\J<& $S!WL.OZ#?[$3MCG\*9[1_\ +@YG/^5_,O\
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MWROCZ\!O]PG\'_/P?'M?Y _7#];1]\<+"WXL_.F_\:<$K'?Y?L#A?3^_RO\
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MFXZVP8IY,2=^W9V__2G\J?P<'XAWCYG[_.-^G-?2/EZ'2=L4=S5:JHOP^/\
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M8K-%K;HJI;:E(6E(A:5%*DRXA)((N+*.Q!QF"IR2<F3I(X6\I/+/O*Y&-?\
M<*TNZ=U5$_7)B^_Q[;[]]]T^C9Q1TQ(2*=FY _V:.O\ X<:/[]7.%*6ZVJ^)
M:$6J'C=2M.Y48@0?AN(@VPXT?(ER2M9WY/>6"21&;(U-!=+%ZG)LB*U?DLY$
M=\5^*;[K\43(>X45O\K3@6A79(Z<Q$[\\;RAQU*$I+BE%("3*CJ) B9)DJ//
M?D3.$\=R,\ERGRHWE#Y8V,8U&HQF@NER,1R-1VZ]&+M^=U/Z7=M_5%]-^+1Z
MDI0LA-*Q L/Z2"2>LZ;DS]1C5,SS"K%4XANI>2@#1_3=< U1J,A!$0HQN+
M6Q5Z#D-Y)YB)9)N4'ECF9#$KI(Y="M+UC3J^=UM8[%416QM:Y45WHFZJG?YK
M:HZ0R33,&^D#L6^>W^G>;>?GAY"[6N5+Q=K:EU+;(&EQ]U:0M:TQ*%+-] )
MB1._+"I?R'<CS(4E;R><K+FHUZHJZ Z5]/S5=NO[%%ZD3IV3YV[?@J[[<531
M4<D*I6(3>.S0+ #Y6/2,;*_4.--..]HH!"%GXE&-022F]@),#S\,-!EW)5RN
MB6%1085R)\L5T?=/(83>G:%Z708]C0<;'>-:6+X<3DG*F%>L#H*EL@4UBLR-
M&G=%!8R!:]F2G&5L,4&5,NN5&K74N(0*:D;!A3BX02M:2I.AK4CMC*4K&E93
M;9"SEC[.89GQ#Q154%'ES:>QRJF<==S/-WUJENFIPMQ*:=I:4.(=KM+Z*0:"
MXV%.,)?3M![/3DWQX2=UYRZ\OV7Y>5 ^"YM5T4TS"H 9Y4:Z83'\=%QIE,$Z
M%R*D1<@I9\+-E2>/K? MKEV3=DKMJFH>K:HI"'W3_3I$$@%2:>A3#"(_TJ4E
MQT#=S<&?$/'RLZ9_E/#^24'#N14]276'$,HK,^J&TG2T*S/7PJO4K0)=98=8
MI5K)5V0L$JK[RKDRACB:SD_Y7W]#&L<Z70?2YZN5J(W=7_)K=SE3N]ST5SG[
MK]2;(FGI  /=*<Q )4R@VZJL)5R-H)N,8!&=UK:4H[34(@:M2EV_YRJ5&1$S
M<=V/%-R3<EQT@3)>4#ED8D!8Y<:#:):>!*]XSE<UI?E*&'S8KE<B2AD+(&4B
M-:0-(C=^*+M)1NZ JF93I6A8[-);)4BX"NS4G6@Q\3:]3:MBDXNV.)\PINUT
M)I5^\,.TQ[>E:J%!#B?B6R7@OL'Q_P!74LA#[7_5N(49Q@?:6T%3><TFFF*F
MU@!=%<\PF#XZ92D!P359519:EU5835$ /C<++7D!3O#F#?$X>09[H'QK$Y6K
MHV9!7N5>&UJ;7[M4]FM!*5(4&EZ%I4DA25),$%)!!$@@QCJ7!0IE<8\)"MIV
M:JC7Q)D2:JEJ&D/4]13G,J5+[#[+R5M/,NME3;K3B5(<;4I"TD$C%[B@Y>-&
M)L5]H/GD^D^FLH>G%YG6-X7%)A.-O&QHO"M.O&D=10.K%BJI'6I<)<S@6#N<
M6QI"JLS5?QRKM,R+BB<TS'0U"%)]]J!*BI:CLX).@HTSJ,;1  ]_+R/@@4&9
MK' W!W;U-5F*Z4_X<R@ABGH\LI6TAL+I3IFJ:JEPWH0IS62"M14:U8\L6C-5
M5>SGQZ72;3E;?4BYQ*SSHQ^$XVX[*!!,#%N+,+(275RD6X9A1Z2&#V#YX29F
M,DG8]S4XH&LS)+["3F>8'WA+CQ2:M^$I+S.D"'(@)4H)V Y #%T[PMP.<O<"
M."N$4KRVJH:-U8X<R?4\JGH*Q%05N&E*UZZAI#KJU$E:H*RHP<,UK_H3I%3\
MP_,!34>F6 U=#CC],:ZHJ*_$: .KJY[3 _>]@\ * !@PLQ13VS%.AC8LST8Z
M7J<B+QH7&_$&>Y>G+O=LZS5G7F54ASLLPJF^T;2W3Z4+T.))2@E<)B 5;7QZ
M*]@'LO\ 9?GE?G#N=>SC@7,T-95E"D,U_".153;;BJBN4\ZVV_0+0VXZAQI+
MBT#4L-M@R$) @M78#AY&F@IC\6QWWB04&SSZTE;YSI)S$<1&^94?QNE19?+[
M=>W@?B?UG;B_9SW.5<5(ICFV9EG93)KJHLDIRTJ)[/M2B[HU?A_$9%[XN:CV
M2^S%O^&9'$?_ +.N!?YRI]]8S@<)9",T*5<;5+*$^_>X>]!/NB4TJ1VL"F2&
M0 V D7%^5GE]T>R/(L0CR#2K3J[&N,COQG#VF$XW80R15N"966V&1IE9*U\;
M2XA2D8NS6SP03(GB0L>VGPWGN=55+G!=S?,W"S54"&U.5]4M2 IBI4X$J4X2
ME*BILD)@**$DW BI[>?9?[*\CXDX9I<J]FO >6MG*,R75M4/"604;50ZJLRX
MLN/-T^7MH<6VWVB4%8*DA:P"$J4#-;'.4[EV-RO6JDET'T?D8'BF,DU#7Z:8
M<[W5-:2ZB O(K56G_J*5[Z@5[I15C<Z0:%W5U1-Z=H.9YM[M2J&8U^I5*I:S
M[V_*E"JJAJDK^)0"4CE\*4IL ,<#:X'X"7F-2@\$\)Z$YE3I2C_#V4A ;7E^
M6.]GI]STA.IQ:BF!)6HF2HS'27E\T.(Y+,(U"31C2J+(X+#%[*VO(< Q5MF6
M'4:@-BN1S;-*AI90QM<$2";',]8R19'CSL=$YS%3V:YIVCX3F-> ?>E)BK?^
M'2EY: D:QITZ1!&T2+",5\NX!X!<33MKX)X364LT965\/905+*%TI6I1]T@E
MQ(5K$DKUJ!)"C*BSWEJT*IN8K2JJBT6TJ'Q_)]/=2Q2:>+3_ !-E61<TUAB5
MD ?)7I5(+(>."ME# 6Z)9XAIR8F/2.1R.Q#N<YP&'%)S;,I#K=Q75,P0X#!+
MOPB0"1,3R$3C;:?V=^SA591$\ \&*;-/F*%I/#.2E"G2K+7&2H>Y74A#=2$*
M(,!3D&%JF+8/+YIP7BW-Q42Z88*RXQG,L]DP\UN(T+3Z:E(H%7&X*<E@'F*X
M<<RL*<+&*^)C"5(FA:QSW*M&LS[.F_Y74)S7,@V&VNU2*RI"7NR?7K4XGM %
ME21I63=0%YC%YD/LM]G%<.,LL7P+P<I^IK*Q- Z>&LF+U BNRIAJG%&X:,KI
MTLU =?8#10&EJUH"29Q8]R>4:>_M)0QH AY"G.C$&BC@''W:WKBAAB:V*.-D
MG4C6,8UK4V3I3TX[]E16<NHBXM;B_=VM3CBBI:R4@ZE*42I2B#<DDG'R?XV%
M,.+>(?=*9BDIOYK6!FEIF6Z>GITAX_T66&4-M--HNA#;:$)2! 2(PN]/1ATS
MW!_Q,7;+\:[^&S_?H+_R>+F3U/SQK@G<[GY>0Y8W$'"P\'!@P<&#&K@]G/O^
M%ITOV1%7[K6NNR+Z?V.]6?7T[?3]/IQE,MO5T_\ YO\ TEQC$9M(H*R-]*>4
M_P#7-\O7@<9RE$.R:P@ZMNB)73.7;J\/H:KF*FR[*GB=#5VVVZDV17]EW!E*
MBM.G_22H\IL=($SS@S.--R]@.5S$R4!7:+B D:!:PWUE0!WC<18!S1F1HURN
M16RN;U.ZT:Y6N3I<BHB_.;LU%^>CD7;Z4];X@ZK&186)ON#<\C(Z@&V-S44A
MM94(TA1@F($3:U_7+%"5$>^>9S?%<^3Q.I%14D5W5U(JJNZ.VV5-_545.R]N
M,<M1421U('* +#D?MCG=4[J6ZZ2L:E.&=5E%9'^F1<@G?8BPOA14HS8A5D5C
ME<]ZJCG=E\-J(QS$5$W5J/5_9%]53UW7BX9D 7WF1]O#8G])QLO#[131N/+G
M6^[OSTMBW_\ LHB(L+08$1IYB^:C3O02J)%F\?)\L:R1&8Y4OCD]V[,\2%U\
M0LG37];GL\,&!I%J2US7,$; ]"H\?7YJS2I*)#CY!'9H,Q.Y<7_I$;)NI0.T
M&1FWJ-RL9+25:$+6C6LB3H2L**4)V45%*1\1"1>9Q0N63FKPCFOQ&PAQ$Y<4
MRO&V,"S_ !2?P5O(Y)7I&/>544SXC4Q>V5LJ"&O9,HI/F*F=_FA$(+H42QF*
M->OLU"4N(!NDF_P S*522#>\@W!&,14<-4H2 :BH6XHE6M2 $-@*(" D$!1(
M@DGK(WO(WY,CP-8R.=4BCV9%&D**OKM\YSI$57N55ZGKUN<J_!>_&632H T)
M)2!UC;F>4\]^G/%!60 (E-64V^!(:'6X4$JU*D[21WR#;I*Q-ST\1".S'*JM
M6-RO=V3=BM\553OMLB-3;;9$7OL)92K99Z["(Y"2>Z_T[I'(7&PG_,)(@B.S
MBXBY(4HBT@[\]K8ISL9DZV)$9%N][$ZO!?&BL5$39J*O;9%W14;N[UZD3?@]
MW4))5;<"!,"QDS'CT\L43D#R@8JF2HR-1;58Q:$F0-A<"#%X)QKFM"F;\Z.B
MT:_'FHTR8OU[ZOT;?K]?3CF]=_NM7S_R[_\ Z:NG?CJO"DIXIX9)W3GV37(W
MC,*>]NGVWVQ?M%-<%R&<\>:M5/\ 7SK?K@1#(U$_&09!EE!A0Z([^V16HL?9
M?151._?CDJ;LU#AW-0T8VF$TR293W@DSML!<G'T)<0 [1TA!.N@SFQ)$FJK\
MY2@[7_I]E"2!L-)N)DAJ32-$YL/9TX"K/Q6.XOGYRLV5$:ZATO9#%NG=/Q<E
M<Q4VV5-]^V^W%,@_S2F:Y-4+1 V_$IT'S_H6D<P!C)*<U\.9I7)4F*O.\Y@@
MW 97E:401>?\\I,\[8AQS 0=>OG-2>J,Z8-2,!KMDW<Z1P^E5 U45_\ <,4A
MR]E1K%E>GJK4XY5[1$DC+$ Q_P!)5Y/65>[A/?9*# &U@-\>L/X<W DYXN5?
M'D^4D*("0A+-!VQM8:I41-RK2)YG%N>H8J:8TVW;YV+R(J)\9LQIW(NR>O\
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MWL@'BDFDCC7&.*;9!6I24[ZBKPM)Y2=O'I;&DBG74N)::;6I2KA*!J45#8@
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M&*_,]9=81S+VDE=!; C5&(:F9%+Y&=CV.@F*93J%XZ.586$NDZ).GPW5B2$
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M)65\UB_J<FTKI6&TU80V-9&LD\HC%8YST199)5I1E#5'"B7C3O @0=/800%
MC\1TVML"% !6-<XHR]3G%==7G2>P=KZ4I-Y6:Y828(B$)+J0H$$:C8[A!6"I
MY;K8]VT36*J;-1.ECF]/9J=N_P ?795]4_6W=8 6M:%N?"$RD@0 D@)L/PJ!
MB?&UMJ+$ZX4G\1(F>9!F)W$;6\L>=5ZE<JHG=57MZ=^Z[)NO;X(FZ_:O&N5!
MU/NJB)<48$VD[7)/U.,@F0AL=$B.7=?;I.PON,3QY2=O"T^ZE1574&N5=_I6
M_!WVW5?7_/OQP'CPJ_Q3 )CLJ$6F(TIWCQ./KO\ PE:/_P .3VK3(K>,HF)'
MX]IN-L;8?CN&/DA@X,&#@P8U?WLP\RH]._:^:99_DTI$&.83J%S-99?3!CRF
M%QT^/Z+ZWVMD\42!KYBB$#%F6 >)KI)I>F-B=3DXJG\ \$_EBF/Q*WV/WY8V
M36-W^#95I#0ZPTN#27E5DFF]7J54T@&.4Y^77%?<8Q!E %4$"DJ#&Y'8#$1"
M#">\4@(LYF0^=\-_C\6Q::))+;9)N24))).Y)C%ZFMK$I 35U(2  D!]T  "
MP "@  -@  !8",6<<#]I+S":Y8/S*:AZ/\@FD6$4/*QK?J/IMJU6<VFO0NA.
M2X7A6#Z<X-J$)G.6!X]HUJG4TUF2!D=\[(\:BNK 3&0Z0,EF1W+[*:(!EAGF
MVWULVGKY=/RP_?JW_OE5_P#4/?\ WXGA[.S73.N<;EDQGF$UCY8,4Y>2<^MK
M.PT\Q02^3-VY5I8L%>[$M2T*N,$P*[I@\V=)96-'376- V3\;937DT<3+J(>
M ++0,=FW_P#(G]#@]^K?^^57_P!0]_\ ?C6Z>UW=36GM)N=2HI:5U58A\S.J
M%2D 3H98+"9F4%##O9&Z05@BEO>U$'&@1D"-9U2E22ROBN$"$@"P L -@.0
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M80WB? 7C;[=YF;\\3JOLLS37WE"Y/"<D.(\^(W+^6/,&/:TI:+F-TB$("TU
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MC'L56.JG\'D/RQ33^)7G][].[U;&T(Q&L928IC%-'%#!'48]2UD<(\,0P\+
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MP,DR*KQ[*3JF..5;2+'RG#V3 Y89XRYA(XRXIXGS,?/B%+:,\S-+02&A6.:
M@DIT&"(,F00;&=HQ;Y(%C*,O[36'/=6BOM$Z5ZR)5K2  E6HF4@ #8 #$6M
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M)T["#IUGZ1'3NDE%CDX/7KY8"J>73QMU_M'=A&\&%>/ISV^T6PL-/?V?X/\
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M_5HP<&#!P8=N_EO]>1\!O^6#@P1)MZ^ICI,^.#@PO4^OI@X,/;PV]>OUP<&
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M^:2"-J2)LLDLL;&Q-=*]S'=,3JKJ$I5I:47/@)E02T"M"RE;0"UE>I( 4%:
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M&#@P8.#!C4586](^=?#Y%[I'S4XX]4[=T;J\$[X]OA\>WT]N(5MJ"K/2D?\
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M[?Y=\ZTA2H7K<4%$ N'M$+TJ3J2#I=-EU*JE[#0W4/%M39J7W0MLK9+ #*
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M(@%V,Z2-KIYO$W++LY<<8R1+SZBVVA= VMTE2/=4+*4@6)*4LN!!3<[%!5!
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MC0VT?OVRL[IY,)LPV&&#".?74)1CG&$"&2CQ'.A@B;#(XG:T*H*Q2UTU: A
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M&21NB;43^$=V_E@F-^^-AN9\1RFUL97'LNWGT'*O7UN%<GU9F+<MU#S'1;6
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M;AY%8NN":-[L%AE9=?A*TH8"V]1*%+0'+Z $ RI4"VXZ3[0F5*X?I6$ZBO\
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M[AR%"=P"+B(L9PM=$<JO:O+].X!K!\PS+?#(F^&PE[61(: J".C=$N_EO$=
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MZU(TTPO3?&L?U*HL&4O'=0*%-* +##,W$P&E*^0>+D6->%5Q+CV&I=X7-%?
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MPI7A2(;1^4LCO=\U@I/3KMY1O'7^T$8('TVF]YVON1-OUPFJ'3_!1\H6GO\
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M[T]RK0 M996X4\3)@#?O('E< [\M[7V.Q \R-B?M:XWN09(GOP_..Z!Z3GD
M.N=>,2!&,O,#=+!'D&$P'P8SD*'NRAW69DJ5<=EC"25,9L]H=5%"/K<I</B]
MYX^%1Y7#4><<SMUVY>8/?OAZ1'/D-^7WO-QY=#BGU6C.DMWA6G%E'J[2TF6Y
M76Y(7DM=9Y7A+X* JG>), '-6G6&-OHB+4=31 8,ER .,XQHQ,1T0SI($ H^
MA\O"#L ,&D6]>/C/.3^N.VAY>]/3IYX;7F&TU!B=4XL0+8I=X_$ RPR6Q42:
M6>$K(4O'U='"V20\3W*+E8LC4ER7'<1I'A7M@%1]7W\>OV@<KFGT#S_8B1WD
MVPELYT>P;%AJ8>IUKP;(K$NPU?\ >%J,>PO'?=V 8]17&'CUXN+KE.3C6VHE
MB1=XM039+445$9D< G@63,-'(SHE@F08GR\[;<CMMSPH&TQYB\=1!&X%\=M=
MH_A5X'13#ZK8/C?G:$FS/)R#,Z$F7SP]3C9S@9:&&*K-QV24ZSN*T 0L^[L3
MI:ESI1Z^-)7HI@[3RB/E'GU$^9PXF/GOOXGPM;:>@PDZ[3_'6DU\A^10GCW>
M,39+15[[NBP,HQD=\'0,!M;O*9#Z/'3_ ,1D]JP0SS:V%=0U[P9GLRBLGB).
M_A>_Y]2 )[HVP=WB.0G8R(Z3M;?"I9I'IX^:B,EUCQ<&HM!Z)YHY!]:5;U<U
M@3B@%CYR.L+,F&' (NKRP*3W60>%4XZ0L-?<2.;*H3:W.#MI\-M]K7Z\]@=_
M+OF1'3PCO[A,%&Q:?4B4N5G%9QCT=A57 ];C04%YC9$V1QQG7%4=*\5MXC:^
M%"V8[817$A\E*M$=8V(9-LT"=('.UN7.8\>@'6!M.#S-R2?#Y$VVY'#4^O?N
MGT)\5V[KO_$F_;ZN)VB1TL)Z'N_M!MN<1-MX-[FUIVM]3'SM..-^[O@B;_QI
M\%[;^OYU^SA7YP -MN[D=K"TW$X?(<R?/?J1RV\0(ZX-_K5$[_F3?Z-^WT(N
MWU=OBC>>6^XY3TY6'SZ$R3IY<XE4#GSWZ_/8<JO9>_V=^_\ )Z?'=-T3OOP1
MM$3'=N.X].^#&\F( ?'?U\^46.T8J^/T9V39!1XU6)$ZRR"XK:.N0B188//6
MQL  JSRHR1T4'F"&>)+T/\.-%?TKT]PF#RYQ?G]]Y VV&T3@ D=)@G;:]NFT
M$VY]# DM4:1EVV#3YMB^D29AIE -J001J#;YS'C^9'":0P:?2ZA6U-3#WS*G
M&XZZ'5+!"PJ:YP_-B52^>*%9Y*^IM908R>O2T"+WZQYQXQB4 <OO-MN_E_><
M-,%0#T&I>#,K2Y+"CM[C$+V@/GCAA))J;&R&5L)L,$LT,-E5'1F4EO##+*/%
M;UAS!IIQDAFDE,@]P-[=#/2QM<@_.^(Q>_,BU]Y$<XG<6.W*,;8?BGB>#@P8
M.#!C4RY^<95ZK9O8UY$HAX&H&3%A%PN1DPI4&0G2P$P/7=8YX)6LEAD8J212
ML;(QS'-8J3BP\MS:XD0-CS@3N;VQ'KW[P">[RF.D=-B<(GSYJ@NK'$RN 4Q#
MT&<_KAC-2!P[R8D=WAEF@Z8B%C5OF6PBH2DGE1?"8ZW\>0,1M @;=-N@G"/6
MT1,1!,W'6;\^\Q?'C7?MZIZ+]OHBJNZKZ=OS_9OP'<<IC\@=R9V!^O(RA%]C
MOM-MS L+&X_O -O543M]G=?1?LV[>FWTIMP^L;#I:]CSD1Y1<^9)L";^,@;B
M+7G>3)N!?H=_@NZ>G=?7NN_U_9ZIMO\ 6G!>]Y'>0;3>?E;>TC?!;F(/=-K6
M^XG8S%MCCG=?A\$^/9?@J_#U7^#U3X['GM8?*3R'0&T=01@  WZF=SW#8GOW
M[P>6#?Z.Z*J_#U^GTW]?J1%VW7O\23O/?M.QB]S WVY"9)&"+[?(_+< R+;D
MB2! FWS\4[+OV_/W^CX[)Z;JG9.%SYR/J.O+EN21W],2.QO;GW6N)O%^@.^)
M Z=XUIK=U TV0VN+ 3CT=Q+9MM+ZQJ[>2T&N'*UHT$]O65\B^XB:AU%Y**P\
MV4M[$8 ?(&QH,9.T_+O^O/G?KM@@&\?/Z]V_3OZX[0:/EWM,?J/>F<WV*Y$E
M?7Q&+6XY<9 %(22'C;#B[A#&!)$95W4F5/4"ADGK3\7CI)X#H\B#*JKTON;]
M=KQW\_KX&,$#Z]YWOMRYWY;SCL"QCEQ-C"(.U/RBG68/'U(!3$;$H@<J0P0?
M(8C7Q"F#02BU_C%C3UIMR,>3(0Z.$!@8579$J$$>$QO_ '\B?+! Z]\3M'TL
M>5P,>&GH^7D^HP^*XSO-:/(8X-\Y>F+(913R3VPLS&XX2.0=9LF!I+1XI+CJ
MAH\]EBY\HS9![>KE>$FX(^D'K]HWFT8 !N#]HZ?KM%YPIX,>Y6'L6>?4'*F/
M@#*C<+%CMR.PTD2SK91"H-P+51WV-6VR$4 @_P !I$T)$EC6>58AI?D-N@Y[
MW\.GA.V';F=^4^5O7AAB,Q Q$"TAAPJ]L<@J)*NNGF,LJQU23'9R0(MB)Y97
MOW9%.BN8K7S11+*X2$NSB&;:FR$D7^6TCF;?F"+\YM&0#;E;K'(>'?&_,\BE
M%15[IZ?0N^W\'P[(B;)NO#-X,6%H(MX^&T6[\ ,6Y]T3X7YS)N?#'/HJ]MD[
M?%/K3?;^3^!5]#GM&QY=XZP-_._/$=T[R?/N,3Y7\K@;\*B[_3V]=MT^'T;J
MB>OT+OZ+P<^>QW\ARDB8,;7^6&+#I?D?'GL3<3<VB1CCTV]47;T]._JO9$3L
MJ]D[HOT;IMPN^_AL.I Y]PC<CIB5C/3K^+N!D[1N=[&>9Q]=OCLBIW[;+OM\
M5V3_ )M]_I]"PW,;=#)ZVO?['>\"-^0GESM/+>!'43$7 Q6<9OB\6R.@R>O;
M!(=CEU5W@4937O%D+J#H+ >(J.&6&9X\DP[6SMCGBDDA5S&RL<Y'('I/4;CZ
M\Q)W-^AO)P_+F#L?G-N7*!%S%HQ)FFU9/IL$GT_Q+6*CQK3(L74^#Y&Y-AUS
M:9S75^KHVG$6H50MK3X2?0W)UA'I-A85%:)E%%!/[KCL)1L&?>W0 D8,[7\0
M.[?Q\_'#FP@CY'];#Z8:(2^#N]2L#BJ!R1:"CML0H* <WP?.>[P;8>28TUL"
MNAB.N[4FROSAH9B80SK6<,8HD8>*9[N!'4$^?/Z7!ZQ>,$ D'I;PWZ;>>PWO
MC;#<0Q+!P8,'!@QJ6M3F(NI6H7=_[-\L[]<B;_ZO'KV^>G;ZO@JIQ4BPCF.I
MDQYBT6[M\0/D1/= Y7L8/.^]QXH;I1-]^KZ_QLB=O3ON[Z=_\_4 MMXP5; \
MP;\C'GTN;\_"0#?E<>1\/ Q5KG'[K'21PK^FN*(PH &U&$N ;"L)(J[(=A=9
M900'1CR35]@+(PH V-JC%CO9./))$Y'*;_A^0)_.+;WZG;J">?U \#M-SM%Y
MCOM2>EJ]OG[_ /K)%^G_ ,I?L7LGQX(DW!^9/41(!\^_:V[V'=X"_?R'A]9.
M#I3XHY%5/59)._I]???Z/7@CN@P;2=NA'RYCPY87@=0D; 2#>_[D>?/!TIV_
M7=UV_KDGT;>O5W_,GPV[[\ $]?&57\?&T[@ &]L'6\0)B!UM;>W?S,F.=:AQ
MJ_(BC('H[LB&9K7PSPU]C+#+$Y.IKXY61N8]CD7=KFO5KNRHOKP'23N)ZR;1
MSGKX]TQS!,=W.PORVCYVM?\ %RI#H71O?%(V2.2-SHY(WOE:YCV*K7-<URHK
M7-<G2YJ_.:NZ.1%3@ FUN4P3M'CML/.,(F()GS WD=UCOON1.V/A&MV3NY57
M;?\ &2?'Z?G;?5_(J[(J $  WWF>1MX [3^>'S)(L+"VT<^O6P^8WP=">B=2
M+V_VR14]?_2^';^3X+PXW/33SW%N=K_WCG@G;H9Y#>^PZ&\<YW)VQZPJTZS(
M8'6@GV)<B/6,4&(HPF1(VJYZL'&225R,1%<Y4:NS4557A'[SS)DC86G8[7GO
MP#RM&P%IYR>HWMT[\?)01 4\HA@Y0A4#E9,,4TB B!Z;+T2P2]$L;T147H<Q
MKNZ>G95<#<&PM))[HYBPF;=,*\\K](Y@S%CO$$DGKMMY^AOI\[T3;Y\B_3NG
MZ_X)_'^;@@3WQU-M["#>!OMMU,8+^%[["=H-Q:3/+>W>..E-]MW>B]NN1-UW
M7;^W7XIOO_*J<$7WZVYS<]=IN+Q]RYM\I.]@!_R]#$1S/(8[(AY)I8H88YII
MIGLBCCB69\LLKW=$<<;&N5SY'N<UC&M17/5=FHJJB<!'63O>;;6W-S>?H.>#
MN^A V)!Y QS^A/+ R!\GB>'',](F+))T+-(C(FJC5D?T*O1&USFHKG;-17(F
M^ZIP6L9Z7DW@GIM,<]N5P< )Y=Y(@ B8Z[Q^DV..OH1/[KZ]I)-_79$_7I\%
M[=OH^G@C>09/0^7.#L>?+?<C"W_<"-I,V(W%X/7I@Z$^/5NO9=I'HO?[7=^Z
M_3Z_3W1 B_.#;<S)$^$$]YO\L$VMRO)%K&.0L8[MO(XYZ$^"N;]/XQZ[?3_;
MI_H7?LO! \(Z3(&^\\I'+O%[ GSDVM /+IY?M?''3\?G^NW]<D^.WTN1?7[$
M7]"\&W7<S?GM)N"-_P"P.'U%M@9COL-C:!;<^/+GH1$3]>OQW\21-_CV3K]5
M]?\ /;AQM$GJ9(^AZW\^8PNLP.@(!C8;@<K>6_7"JP1J?+C#5[[?*K'5[R2+
M_P#>X?K\_OLJ(GYTX1  Y[38_O>\$QM;#F]]Y(V'7Y[3'6_=C;9\4\3P<&#!
MP8,:EO4U/]DC4+MM_KXRQ%[;I_V_/15W_P"E-O5/KJ18>4S>1O\ +ND6FV($
MW/.-K[&.GV,&Y G%ZS]3NZ.Z7:P\]U^/JI@>,Z@!8)H3E>?8I6Y;5#7=34YE
M69WII3UF11U)[)JXFQJP;VS]V2FC$-KS)HK,-D-B(&7 E6 'SW ,0/R_/G@3
M!G];\]SY^.X)Q?@]K-D_+)SE^R]YE=?<8PJOR/)M <V33O$,ZR;%(JG,L.S#
M%=:L(PC.!,=M.IUHS'[(>S-%F%0KW5<0RPE$U[B1!7CQ&XO&U_7KKB1V/]MO
MMX^>,#O;;;;ZOL]=_CNJ=DWW[>GT^E3S&PGI:X 'U$#;O,B$SN#]CL!/(;V\
M^0%SOMLOT]^_95]?A]GHG?OOLJ\+D0;<K;;<K<X,B?*3A\P1TF+S>QW/?OSC
M>,'?X?'T[=E5?I[]*_7OZJG9.^_#N 0(_<F)G;KT@C:,%K3R\.0FPB?E>""3
M:SZ6$H2)DA:R8H!T'7A-2(E'II"H5.E8)=XHYE788\ZXR1N1M.94LDK)HGTJ
MP>]+%3()/!2F#'H?IS_O/-D3MO/4]>X]\CN^C89BC6Y 9 @HPA D%97V4 8@
M@0S+FMJ@@+MT(P, X<3);D<^5/+P1,>C^OI17+Q*#TY7Y"T@$]._KYD80/?;
MEUZQO>)@=_*PPF_LWW^GMV^*INO?T^G[%^/$IVY[7[QW[[3RYFXO"\@-[7@\
M@8N-XV,])D8X3?Z?5?1.R[[_  WV^/9?J[?8<R/GUO>VPW/2"/JR! MRM-Q'
M?$VBX[S/7"QK&3'XR=4U+V)9/M(2;(#S$495]7,BC;6P@0R/8XQU/8(4055B
M+(88ZR!/8&3%22DUZ^NX&T<IM;Y'G8[25WFUP3;EM^0@^)&Y [LD",!Q_$X;
M/IG.1+A82828#HA*ALH48./3D#220PV=48VUL"ZQ[W%5@]X!$4V"25!(!/..
M[I'03][;GZLGEX@\O&"9MY=^PLB%7?947;MLB+MMZ?!?3X;=_3]"<'F!:()%
MN[OO'E,],'B)O,B1W3'7>X'+G!(-E[+MOZ?H[=T3?X]_A^9._!!GE)CN,"+Q
M/Z1%H. 1<<K[[7Y$Q^?/GA<:?^46\?'/&5*3,%+"!$ ]&FS.>2*EL. CG-Z[
M0W&_?H5,QFY,ER17QA)YUPRH*/SL;6Z<C$\[[B!."+CI'0=#:180(Z X7U(_
M')+!Z5\=>EQ%.DEL4.((RF?&EQ52E$5:1S22Q8RF,,S!;YL]?54[,8D&K+X6
M>V4<B2)GY]V\\Q:TW/?&'Y^<[;V-^7>#YS9C'JSK?X?4C.I>A).ES^A';M1Z
MM[*_;]<J)MOU*B;;;5!XWYQ\_I-SN;\]H]^PY?+>\=!;;86OCK[?!.V^WQ3U
M_-OV^*;]_JXCS! L>=[]9)!M<C[X=[R>_E,>$QR!%K=]\<^J;K]'PW3Z.^_=
M>R+\?7?TV[J]_EN)Z<B),@GF-IMO)$2.IW,'O[A>.7=/<YLE@^KKVV+(82?*
ME::S/$*17"F0IC>4(0"6UKD600V!9!2H]T24>:2-5V=Q"Q)\2?'SV B>F^'>
M!;NM-A'3??N)C")OZV*JM"1AY9)P'MA,JR96HV4JIL((S*R>9K$5D1$@,\+B
MAVK_ %,4LPSMGPN1LN0)BWGW"=QL9(WY\['.UKWFVUY !$SM-["_?5,$15SC
M#?H7*\=5=O\ VN'LG=4WV_E]$V1. [$QYS8@S&][2#%A/EA#EW6%KSN=NO7H
M-[G&VQXIXG@X,&#@P8U+>IJ?[).H.VV_RXRQ?C\;T_OZ?G^I4VWW7;BH!$;$
M[@3W#J#T[NXW@0)W/+;P@_O;K:1 ,NYRZ098):VM_@',//R_YDY6XN#8UV69
M5@]C? V=!DV1RB2Y/BQ B@4,=QB-&+<I;F0 M6R!,&99VH8%0<$B>HL>O./+
MGYF_3 !;F+GN_*_C CRPY0^%:XGXQ]S%G-IB_P D]0+S)[;)M-RM:-2AL;GM
MZ8V.UM;[.L8-H8L?(MK*S K3H$-'L,H+M4%D, 'L*JS2JC(G;G-N5Y\#'?\
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9K(')U0OCC5B*BHG0U-MDVX,&+CO!@Q__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>42
<FILENAME>g494294g66y32.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g66y32.jpg
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M$O(QYG]' '\H9AV;<^]!C_1(\Q#NBR;M<8S]"CS5E>@AZ)/S/,T'"^3@/K:
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M,:*B\"F5S_:'S_[\LP_,R:?C=>E?D$CX%*=F@_<*+^63GA<S_?B_>']H?/\
M[\LP_,R:?C=/D$CX%*=F@_<'RR<\+F?[\7[Q+'P-LS9AE/%.VI@9/E?)4C!D
M".6+7X4].I07$O=&^!\HNT-'8X@4<,W.B#I!!RCHLC?HDX126L\U1.R[2,7S
MDY2%=JTWPY67AO:V5P7L@0F.2L[+(M'-:BI5%5%HN-%5#?79FIF);D@R),1W
ML5T>K7Q8CFK25CJE6JY46BHBI5.%*FC95 EPD)'*'>BHSO\ %>%/%^&U,;A\
MII+-3FRQ2,WOR%-9R6VB&9PU7^4Z* M5<E0]I#=-U(QCOXUJL]TS)]F:9%U*
MD[N)QR?T:'K2\-5-EFE2?E7GJKV:]8&7>[D)JT=S'C-KYB5UD8@-_.+V=GH_
MN0RE/5OE:B@+Y7)8O86SAVLI3X/X7JD]TK+4GU7"VN<+4N-DJ9ZPB;-*EF:J
M[)H9_'*=^D9B_9BQGWVRI5Y;G&0(O64QJ)4J>^^6(>@P=;,%=:I\0\4!IX<%
MWHNMG'5F^[Z2FO.5[N4EK:2FJAEVW<R'9V876/)0*CANQ0"@% * 4 H!0$6G
M$IPN8W M,.0R!8RTD&8(!EO">;\=3F48J=RN!M;<:YO@DDE4&URP(,#3>#"Y
MH,(M-G) P=!5Y5%@B\6;NY J\NC]XY1:>:BHN.BX_;YO9PDI=#@4 H"/B4<5
MOAT0J32*&RO=UB$%*(D=+QF2!'Q=]8^#GP)!P*,"GEEHZ^VQT/(M'+1Q9;?=
M;:LC?II==IIY==["NS;\:'#C0K*FWPHK&1(;VL16O8]J.8Y.^X'-5%3R*:E]
MO6/">^'$M"79$AN<Q[5<M6O8JM<U<7"BHJ+Y4/POSP/#)_;/PO\ ZR0_#*SW
MJWB\43G]"?>,-\-B>,I;^I?NGZ GBV\-HZ4&A!&\3#C\L8(,Q0QB@8?W+O2!
M!PFT9-$=-1MNFJKERLDBGIKKIIK??IIKKII^FL777O QKGNLF;:UC5<YRL2B
M-:E55>^X$1*G+;?L9SD:VT9=7.5&M1'+555:(B=[SKB)%*T)N#FW>7[(&ZSL
MVYS\,)16QL?*UE]8R6TPCIVCD^>T.9U+S)AKT^4&* EZX#/2R;2/WEE[^7_*
M]16^W)>U/1E=NE2076R]9_I1]ECFEM7GDN@A(Y0[T5&=_BO"GB_#:F-P^4TE
MFIS98I&;WY"FLY+;1#,X:K_*=% 6JN2H>TANFZD8QW\:U6>Z9D^S-,BZE2=W
M$XY/Z-#UI>&JFRS2I/RKSU5[->L#+O=R$U:.YCQFU\Q*ZR,0&_G%[.ST?W(9
M2GJWRM10%\KDL7L+9P[64I\'\+U2>Z5EJ3ZKA;7.%J7&R5,]81-FE2S-5=DT
M,_CE._2,Q?LQ8S[[94J\MSC($7K*8U$J5/??+$/08.MF"NM4^(>* T\."[T7
M6SCJS?=])37G*]W*2UM)350R[;N9#L[,+K'DH%1PW8H!0$>W%"F,/A>SO(SV
M4YAR%A,H73TC6-Y9C'(<OQA)5<KGQI4;CQNZEL LOF3.*!I$NTFDSL"6+Z71
M>*%%2XR0 42L;,#EO#P5\]/MQ>3&=6X (J%\$X6*K3=]DU8CB?';Y7)),,[C
MA'(:CJ(B%KYT^CY!LS?@W4NNOUD"XAZT:NQJA&YFY;(+(WI6#A3UR@% 12;I
M^,]L:V<9GD.!,W2J?"\B1AA'R19F!QV;D(Q-K)@K(^*N1*,M=&Z]Z@Y^VO6L
ML_2BK=<E?_>LUJ3V;=&V;6DX<])PX#I>*Z(UBOF&0W5AO=#=5JXT[YJTZ4QF
MBGKQV79TR^5FHD5L9C6.<C8+WI1[4<WODQ+B5/,<[_:0.&!_GK*_R@DW_NN_
M^S^\?[F5[5#^!T]^-A_OH_9X@^T@<,#_ #UE?Y02;_W3]G]X_P!S*]JA_ ;\
M;#_?1^SQ":#$F4(GFW%N.LQ0-P\=PG*<)C&0(BZ(,E1K]Q&Y<'9G0RSP>O\
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;(H<B^L&=_&4G^^WU?=.!/,GL/@O"OG7VG__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>43
<FILENAME>g494294g70b56.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g70b56.jpg
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M 0$! 0$! ?_  !$( $T!  ,!$0 "$0$#$0'_Q  >   " @,! 0$!
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M(9;LK.,Z+R/,,;I\D4;#3J"IIJ8>]KQ[,0&)UE07Y-D4(.3%$0>L\ D\R2+
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MOWC*Y/Z7Z]HVL8G]EJ)V3G:&R=F51P^,JK^-BY:8G\?MK1]_PX'R X[:DO\
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M'%"URHR);+'9;KZA[51Y$U760>+U2/PT_"S+^ERUG%2-Q%DH?,A!/86ZJLX
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M6%_V9:U/B,_NW@>#\F;/T3>EYC<9"0-:-M;YUH(6KB*9-=5C;75.)ZHFR&E
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MS_,JOGDJ#*5886+]/6&3=HW3G"^*LZ,D.=IK,G8&Y2'1*O[TE9F\N3\3$\/
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M.Z-Q2XTPQ%[JKDQIK6R?F2)KDY+3XE[I].:YEIB4*4-KTBBR#[%N.OTP?_\
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GAHT<-&CAHT<-&CAHT<-&CAHT<-&CAHT<-&CAHT<-&CAHT<-&O__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>44
<FILENAME>g494294g77v17.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g77v17.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[1G64&AO=&]S:&]P(#,N,  X0DE-! 0
M      \< 5H  QLE1QP"   "    .$))300E       0S<_Z?:C'O@D%<':N
MKP7#3CA"24T$.@     !)P   !     !       +<')I;G1/=71P=70    %
M     %!S=%-B;V]L 0    !);G1E96YU;0    !);G1E     $-L<FT    /
M<')I;G13:7AT965N0FET8F]O;      +<')I;G1E<DYA;65415A4    (@!<
M %P 4 !( %@ 1@!" %4 +0!- %< 10 M $8 4  Q #  7 !! %H ,  Q #4
M,0 M %@ 10!2 $\ 6  M #$ .       #W!R:6YT4')O;V93971U<$]B:F,
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M      !%;6Q$8F]O;       26YT<F)O;VP      $)C:V=/8FIC     0
M     %)'0D,    #     %)D("!D;W5B0&_@            1W)N(&1O=6)
M;^            !";" @9&]U8D!OX            $)R9%15;G1&(U)L=
M             $)L9"!5;G1&(U)L=                %)S;'15;G1&(U!X
M;$!X\           "G9E8W1O<D1A=&%B;V]L 0    !09U!S96YU;0    !0
M9U!S     %!G4$,     3&5F=%5N=$8C4FQT                5&]P(%5N
M=$8C4FQT                4V-L(%5N=$8C4')C0%D            08W)O
M<%=H96Y0<FEN=&EN9V)O;VP     #F-R;W!296-T0F]T=&]M;&]N9P
M   ,8W)O<%)E8W1,969T;&]N9P         -8W)O<%)E8W12:6=H=&QO;F<
M        "V-R;W!296-T5&]P;&]N9P      .$))30/M       0 \     !
M  $#P     $  3A"24T$)@      #@             _@   .$))300-
M   $    'CA"24T$&0      !    !XX0DE- _,       D           $
M.$))32<0       *  $          3A"24T#]0      2  O9F8  0!L9F8
M!@       0 O9F8  0"AF9H !@       0 R     0!:    !@       0 U
M     0 M    !@       3A"24T#^       <   ____________________
M_________P/H     /____________________________\#Z     #_____
M________________________ ^@     ____________________________
M_P/H   X0DE-! @      !     !   "0    D      .$))300>       $
M     #A"24T$&@     #-0    8              EX   0N          $
M                         0             $+@   EX
M         0                         0     0       &YU;&P    "
M    !F)O=6YD<T]B:F,    !        4F-T,0    0     5&]P(&QO;F<
M         $QE9G1L;VYG          !"=&]M;&]N9P   EX     4F=H=&QO
M;F<   0N    !G-L:6-E<U9L3',    !3V)J8P    $       5S;&EC90
M !(    '<VQI8V5)1&QO;F<         !V=R;W5P241L;VYG          9O
M<FEG:6YE;G5M    #$53;&EC94]R:6=I;@    UA=71O1V5N97)A=&5D
M %1Y<&5E;G5M    "D53;&EC951Y<&4     26UG(     9B;W5N9'-/8FIC
M     0       %)C=#$    $     %1O<"!L;VYG          !,969T;&]N
M9P          0G1O;6QO;F<   )>     %)G:'1L;VYG   $+@    -U<FQ4
M15A4     0       &YU;&Q415A4     0       $US9V5415A4     0
M    !F%L=%1A9U1%6%0    !       .8V5L;%1E>'1)<TA434QB;V]L 0
M  AC96QL5&5X=%1%6%0    !       ):&]R>D%L:6=N96YU;0    ]%4VQI
M8V5(;W)Z06QI9VX    '9&5F875L=     EV97)T06QI9VYE;G5M    #T53
M;&EC959E<G1!;&EG;@    =D969A=6QT    "V)G0V]L;W)4>7!E96YU;0
M !%%4VQI8V5"1T-O;&]R5'EP90    !.;VYE    "71O<$]U='-E=&QO;F<
M        "FQE9G1/=71S971L;VYG          QB;W1T;VU/=71S971L;VYG
M          MR:6=H=$]U='-E=&QO;F<      #A"24T$*       #     (_
M\        #A"24T$$0       0$ .$))3004       $    !3A"24T$#
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M 3\   $% 0$! 0$!          ,  0($!08'" D*"P$  04! 0$! 0$
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M &\ <P!H &\ <    !, 00!D &\ 8@!E "  4 !H &\ = !O ', : !O '
M( !# %, -@    $ .$))300B      %^34T *@    @ # $   ,    !$ \
M  $!  ,    !"0L   $"  ,    #    G@$&  ,    !  (   $2  ,    !
M  $   $5  ,    !  ,   $:  4    !    I $;  4    !    K $H  ,
M   !  (   $Q  (    >    M $R  (    4    TH=I  0    !    Z
M 2  "  (  @ /.'P   G$  \X?   "<0061O8F4@4&AO=&]S:&]P($-3-B H
M5VEN9&]W<RD ,C Q-SHQ,CHQ-2 Q,SHR-#HR,      $D   !P    0P,C(Q
MH $  P    '__P  H ( !     $   0NH , !     $   )>          8!
M P #     0 &   !&@ %     0   6X!&P %     0   78!*  #     0 "
M   " 0 $     0   7X" @ $     0              2     $   !(
M 3A"24T#_0      "           _^$!@$U- "H    (  P!   #     1 /
M   ! 0 #     0D+   ! @ #     P   )X!!@ #     0 "   !$@ #
M 0     !%0 #     0 #   !&@ %     0   *0!&P %     0   *P!*  #
M     0 "   !,0 "    '@   +0!,@ "    %    -*':0 $     0   .@
M  $@  @ "  (   #P     $   /      4%D;V)E(%!H;W1O<VAO<"!#4S8@
M*%=I;F1O=W,I #(P,3<Z,3(Z,34@,3,Z,C0Z,C      !)    <    $,#(R
M,: !  ,    !__\  * "  0    !   $+J #  0    !   "7@         &
M 0,  P    $ !@   1H !0    $   %N 1L !0    $   %V 2@  P    $
M @   @$ !     $   %^ @( !     $              \     !   #P
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MZ[+K$JJ1K+;'6NNM 6=W<A555'<LQ(  ]29Y9E16=V5$12S,Q"JJJ-EF)[
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MC(?JLJL4]T[E%/=%1SUCNR>#Q79;\(GC<NL:KOQ%6M2!WZ+J5 KNK)^I6 )
M )UV,9G/$#V]HAMWJ+XS^M"^M@=\PFH5CN[HDA:!FD=G,^JVZTH\<I>15CUD
M>G)C(P54-;%Y]"1*=-TZH5;+L^1U7>'<+E:7S?"^2<CI'7=PV2RIR.,/<5;;
M636O])#$D?*++;-K-%?+9&"ZX_-U+3U$)5R-(+85S=]"S^K'L.O1P%)ZF^1
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M'$1Q$BLUT?ZE,=B'.V+.@]>M]B'?C6O:"13GUKYYR!]*=-IA_,?0V[*Z-RJ
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M"TYF-B6D3:QQ$UW]BJ)?=?[OMW:$#33NXZW9.KKW727KJLP)1FRU4[,V!)L
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4XB?+].'_ /8P_P"69_\ 3B)__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>45
<FILENAME>g494294g78m18.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g78m18.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[2AN4&AO=&]S:&]P(#,N,  X0DE-! 0
M     !\< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< @   @   #A"24T$)0
M    $-/)GTL]C>HHA4@U:H05G"LX0DE-!#H      .4    0     0
M"W!R:6YT3W5T<'5T    !0    !0<W138F]O; $     26YT965N=6T
M26YT90    !#;')M    #W!R:6YT4VEX=&5E;D)I=&)O;VP     "W!R:6YT
M97).86UE5$585     $       ]P<FEN=%!R;V]F4V5T=7!/8FIC    # !0
M '( ;P!O &8 ( !3 &4 = !U '        IP<F]O9E-E='5P     0    !"
M;'1N96YU;0    QB=6EL=&EN4')O;V8    )<')O;V9#35E+ #A"24T$.P
M   "+0   !     !       2<')I;G1/=71P=71/<'1I;VYS    %P    !#
M<'1N8F]O;       0VQB<F)O;VP      %)G<TUB;V]L      !#<FY#8F]O
M;       0VYT0V)O;VP      $QB;'-B;V]L      !.9W1V8F]O;
M16UL1&)O;VP      $EN=')B;V]L      !"8VMG3V)J8P    $       !2
M1T)#     P    !29" @9&]U8D!OX            $=R;B!D;W5B0&_@
M        0FP@(&1O=6) ;^            !"<F1456YT1B-2;'0
M      !";&0@56YT1B-2;'0               !2<VQT56YT1B-0>&Q >/
M          IV96-T;W)$871A8F]O; $     4&=0<V5N=6T     4&=0<P
M  !09U!#     $QE9G15;G1&(U)L=                %1O<"!5;G1&(U)L
M=                %-C;"!5;G1&(U!R8T!9            $&-R;W!7:&5N
M4')I;G1I;F=B;V]L      YC<F]P4F5C=$)O='1O;6QO;F<         #&-R
M;W!296-T3&5F=&QO;F<         #6-R;W!296-T4FEG:'1L;VYG
M  MC<F]P4F5C=%1O<&QO;F<      #A"24T#[0      $ /      0 ! \
M   !  $X0DE-!"8       X             /X   #A"24T$#0      !
M !XX0DE-!!D       0    >.$))30/S       )           ! #A"24TG
M$       "@ !          $X0DE- _4      $@ +V9F  $ ;&9F  8
M  $ +V9F  $ H9F:  8       $ ,@    $ 6@    8       $ -0    $
M+0    8       $X0DE- _@      '   /__________________________
M__\#Z     #_____________________________ ^@     ____________
M_________________P/H     /____________________________\#Z
M.$))300(       0     0   D    )      #A"24T$'@      !      X
M0DE-!!H      S4    &              5R   "VP         !
M                  $              ML   5R
M  $                         $     $       !N=6QL     @    9B
M;W5N9'-/8FIC     0       %)C=#$    $     %1O<"!L;VYG
M  !,969T;&]N9P          0G1O;6QO;F<   5R     %)G:'1L;VYG   "
MVP    9S;&EC97-6;$QS     4]B:F,    !       %<VQI8V4    2
M!W-L:6-E241L;VYG          =G<F]U<$E$;&]N9P         &;W)I9VEN
M96YU;0    Q%4VQI8V5/<FEG:6X    -875T;T=E;F5R871E9     !4>7!E
M96YU;0    I%4VQI8V54>7!E     $EM9R     &8F]U;F1S3V)J8P    $
M      !28W0Q    !     !4;W @;&]N9P          3&5F=&QO;F<
M     $)T;VUL;VYG   %<@    !29VAT;&]N9P   ML    #=7)L5$585
M  $       !N=6QL5$585     $       !-<V=E5$585     $       9A
M;'1486=415A4     0      #F-E;&Q497AT27-(5$U,8F]O; $    (8V5L
M;%1E>'1415A4     0      "6AO<GI!;&EG;F5N=6T    /15-L:6-E2&]R
M>D%L:6=N    !V1E9F%U;'0    )=F5R=$%L:6=N96YU;0    ]%4VQI8V56
M97)T06QI9VX    '9&5F875L=     MB9T-O;&]R5'EP965N=6T    115-L
M:6-E0D=#;VQO<E1Y<&4     3F]N90    ET;W!/=71S971L;VYG
M  IL969T3W5T<V5T;&]N9P         ,8F]T=&]M3W5T<V5T;&]N9P
M   +<FEG:'1/=71S971L;VYG       X0DE-!"@       P    "/_
M   X0DE-!!$       $! #A"24T$%       !     8X0DE-! P     '>@
M   !    5    *    #\  "=@   '<P &  !_]C_X@Q824-#7U!23T9)3$4
M 0$   Q(3&EN;P(0  !M;G1R4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&
M5     !)14,@<U)'0@               0  ]M8  0    #3+4A0("
M                                                         !%C
M<')T   !4    #-D97-C   !A    &QW='!T   !\    !1B:W!T   "!
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M0B!)14,V,3DV-BTR+C$              !)S4D="($E%0S8Q.38V+3(N,0
M
M    6%E:(        /-1  $    !%LQ865H@                     %A9
M6B        !OH@  ./4   .06%E:(        &*9  "WA0  &-I865H@
M    )*    ^$  "VSV1E<V,         %DE%0R!H='1P.B\O=W=W+FEE8RYC
M:               %DE%0R!H='1P.B\O=W=W+FEE8RYC:
M                                              !D97-C
M "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-2
M1T(              "Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U
M<B!S<&%C92 M('-21T(                             9&5S8P
M   L4F5F97)E;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N
M,0              +%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)
M14,V,3DV-BTR+C$                                  '9I97<
M !.D_@ 47RX $,\4  /MS  $$PL  UR>     5A96B       $P)5@!0
M5Q_G;65A<P         !                         H\    "<VEG(
M  !#4E0@8W5R=@        0     !0 *  \ %  9 !X (P H "T ,@ W #L
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M.VL[JCOH/"<\93RD/.,](CUA/:$]X#X@/F ^H#[@/R$_83^B/^) (T!D0*9
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M2VP3MHAV6W>UW^F41_C+^LL:MQ/^VG_^ET+7"!+ZFDO+#_C+^LO[N)_VT_\
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M:QYVN:6V-#VD.&QWL=_)_P Q)2VX>(T2W#Q1W=0<>,;%8T?1:*M&_P!27_\
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MDDI__]DX0DE-!"$      %4    ! 0    \ 00!D &\ 8@!E "  4 !H &\
M= !O ', : !O '     3 $$ 9 !O &( 90 @ %  : !O '0 ;P!S &@ ;P!P
M "  0P!3 #8    ! #A"24T$(@     !?DU- "H    (  P!   #     03:
M   ! 0 #     0B@   ! @ #     P   )X!!@ #     0 "   !$@ #
M 0 !   !%0 #     0 #   !&@ %     0   *0!&P %     0   *P!*  #
M     0 "   !,0 "    '@   +0!,@ "    %    -*':0 $     0   .@
M  $@  @ "  ( #SA\   )Q  /.'P   G$$%D;V)E(%!H;W1O<VAO<"!#4S8@
M*%=I;F1O=W,I #(P,3<Z,3(Z,30@,3<Z,#4Z-#$     !)    <    $,#(R
M,: !  ,    !__\  * "  0    !   "VZ #  0    !   %<@         &
M 0,  P    $ !@   1H !0    $   %N 1L !0    $   %V 2@  P    $
M @   @$ !     $   %^ @( !     $              $@    !    2
M  $X0DE- _T       @          /_A 8!-30 J    "  , 0   P    $$
MV@   0$  P    $(H    0(  P    ,   "> 08  P    $  @   1(  P
M  $      14  P    $  P   1H !0    $   "D 1L !0    $   "L 2@
M P    $  @   3$  @   !X   "T 3(  @   !0   #2AVD !     $   #H
M   !(  (  @ "    \     !   #P     %!9&]B92!0:&]T;W-H;W @0U,V
M("A7:6YD;W=S*0 R,#$W.C$R.C$T(#$W.C U.C0Q      20   '    !# R
M,C&@ 0 #     ?__  "@ @ $     0   MN@ P $     0  !7(
M!@$#  ,    !  8   $:  4    !   !;@$;  4    !   !=@$H  ,    !
M  (   (!  0    !   !?@("  0    !              /      0   \
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M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!_]L
M0P$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$!_\  $0@!3P"P P$1  (1 0,1 ?_$ !\
M  $$ @,! 0             !!@<(!0D#! H""__$ 'D0   &  ,#!P4'# @,
M#PL-  $" P0%!@ '$0@A,1(3%$%187$)%8&1\!87DJ&QP=$9(B,R4E-6E-35
MX?$D,S="55=8<A@X0V)WE9:7F+*VTR4F)R@T1DA49G-T@HBBV HU-F5U@X>D
MQ<C21$5':'9XA8:HM<+6XO_$ !X! 0 !! ,! 0             ! @,$!P4(
M"08*_\0 8!$  0($ P0&!00,"@4+ 0D  0(#  0%$08A,1)!46$'$W&!D? 4
MH;'!T0@5(N$6&",R4E56DY32T_$7-C="5')VDK34)"8U=;4))3,T1E-78F6"
MU44G0V1F<Z*RL\7_V@ , P$  A$#$0 _ /?QA"#"$&$(,(080@PA!A"#"$&$
M(,(080@PA!A"#"$56VO-K;+C8\RM7S$O7/2LI(.%(FD4J.721F+C8 1%8&;=
M54JA&$6Q2Y+J<FED5D(QH) (@\D7<=&ON)K-8EJ-*F8?^FM9*)=A)LMYP"]@
M;'90G(N.$$(!%@I2DI5K/I5Z4\/=$V&7,0UPKF'WG#*T>D2ZTIG*O/[!6&&B
MH$,R[21ULY.+2IN69M9+K[DO+O>5K.?RK>V;FY-/'<9F8\RGKAG"AHRJY8D3
MKY&#<3FYDCBQ@16TR;D$N25PLXEB-550,JWCV1# @35$[BNM3BRH3:I5NY*6
MI7[D$C<"X/NJ\M2I9%\P!I'F+C'Y4G2_BJ<><E,0N85IRG%&6IF'$HD^H;O]
M .5(H54YES9MUBU3*&EKNIN7920A."RK\J)ML96S3>2+G--Y@1I%B*/JWF<4
MERBY)(I@$S=1Z^Y-BCRF !#G(>;CE0UUY1@W8HE<45N56%B>=?2"-IN:/7H6
M.!*_NB;\6UH5SC!PO\IKIDPS.-S!Q;-5^5"TJ?IV)$(JLO,)!%T&8<":BP"
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MP;7WWM'>0EP$ T/W:Z\./I[-=P:8Q'&K Y\+WWFULLSNU]^[D$3"5 *OGR)
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M-,/BDV'3NUYK7C\6'5-_@^M7QBDN.J_GD\;[) (&EK:WW\X^33$F?[9V8?\
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M550Q^21-,A $YSF$0 I2E$3"(!R=1TQ2M:6TJ6M24(0"I2UD)2E(%RI2B0
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M$8Z(449&?/%)_&E._39;]K#YMJ7XOG+G?Z,]?(_U.7;??$4^X^V\/<O8M?\
MR))_DV'SQ2?QI3OTV6_:Q3\UU+3T"<_1GOU(/<?;?P6L7]I)/\EP^>*3^-*=
M^FRW[6)^:ZEG_H$YE_\ AGNS\"#W'VW\%K%_:23_ "7#YXI/XTIWZ;+?M8?-
M=2_H$Y^C/?J0Q7J"[5XZ;.456[ANNJDN@NF9)9%4BAB*)JI*% Z:A# ('(<
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M%M"G9KT25J5)F6'' M#2U$U%]26&G%I<0V_-*2)5AQ;;J&WWFUJ:< *#Z<]
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ME@ E3YMGJ;F9GK#Y_DRKN+I.TQ)G#SG7)*_&Q_)@C-'#N.LJ#F+9- 13,5-
MCA-P9=L5P9Q'!^RR)G+SV%L>],5-Z:!T>8H>17Z2M^8VIE-'DI,_-*F'IB2K
M3+\C+2_5M[*6FYA+I=8Z[KI, S 0I/&UW"?1Q.]&9QC0VE4B?2VR$,JJ4Q,[
M522\TQ-TMQB;==*U J6IM3:4.=7U4T0&BL0X):],,JMIAS"I!S-8S&KL-*6D
MB!!Z-#6@7,BR:V%8B8<VU3<H-6A)ERH"29DW_G)XH8S<G*YJ?Q=)]'?3Y,4E
MI'5X>QM1:94,0(81>7I==4].R3%9>0@;,LAYJ5914GU% 4B;$X^5I:08XN3P
M[,8OZ)FJ@M6U6,+52=E*.MU=GI^DEF6F7J8R7!M/K9<>>5)-)NH%E4HRFSJK
M=&)RD][S:GB)^):\U5+C%VN09@B31O&S(QBRLM%:%#D))&54"0CTP A :KJ-
M$""5@H.,&E]&8P1\HFF5NF,]7AW%-/Q%-RJ6T@,R-2]!6]/R *;(2EQ2S-2B
M $)##JF6TJ$J51ES>-1B;H>GJ9//!=9H$W1Y>8*U N3<B9I*).<(^^6JR3+3
M"SM$O-I=<(5,A(J+M5?N[W?^;6O\DX+V_3KCK!\I/^63%8TNW0N/Y/TPY6&8
M[?K&[>AC^3C#_P#6JG_%Y^*\XT6=;6/*^_+0\=3H;YY;K;2A!X#X#@";ZZD#
MWY]E^-]W&R/#OMC?TV6TL @(ZY[9J_Y;30^'TX]S.AO^23HR_L%A/_@<C'EU
MTD_R@8V%B?\ 6JN[O_4YD]GQC%[*O],KD3K_ !J4GKWZ>?V/$/8 TTX<>9Z0
M?XC8M_L_5?\ !NQR_0Q?^%OHVR_[:8>WYV^<I?4=O=N&XQZS]!$PZ;]X^ >(
M\ ZN(]8=6_'2#"?1_C;'DRJ6P?A>M8@<0O9>73I%UV5EB;$>E3J@B2E;@W!F
M9AH$9WMG'KUC?I0Z/.C:43.X[QEA_"S+B2MANK5%B7G)M*397H-."E5">*3]
M\).6?(M8B]@98ROS4FLK6N932*AX:72S.RSL.6,N6:3=*>;XFQN(YRO)1@LW
MK4"RS-:,;J,CN>E-"'^O6:K@ %QV)P_\F+Y0]#DJV6< 2+_S[1)NBOR\UB3#
M0?98FU-++S26JXA F&ELI4@..J1>]VUY1U-QC\K?Y*.+I["@G.E6I2BL)8MI
M>+).9IV$L7EB9G*6B9:;E9I3^&'%&2?1-NIF.I0AXHN&WD9JCC99TYGM$["V
M>6^;FF]KJ\71+'Y^=FF'TA28>6:2S2J-IJ2Z7*Q$+TEFB0[*'?,D5FQU&RI%
M&YQ3'4>*L,]+W1XJ:;QI0<24QBHRDO1YB<J\NN;DYNGL3")ANF2M;"IJ72RI
MQL!3,C/)VFUE!24D"-XX+Q#\G_I4337^CJNX.JLS0JI.XGD)'#\PW3YRG5J=
MDW9%^NSV&/\ 09ER:#;ZBB<JM+7L/)2XAQ+B=J-K-<MN7^V37;/:KPE5Z12F
M-FDIW,2A,YE"OLJLT914"S0S9O%^!^SN5AM2[%S,0N6K%O5)N@-5(9K4YB)C
M57#272V#(3]'Z2)&=GJH).ETQJ=>F:Q2FIA$FU(MM,2P37JG5 XW4)N;6TJ8
M8I+29.8I2.H3)/R[9*)E/7BK43%'015:11\/.U;$%?F*1*T_"^(WY!ZIS%8>
MF)VHON8,P_ATRTQ0J92$3#4E.XHF7JO(XB<$\Y6)&<F$-O23FH<*/,S'NZEZ
M7%S5EIM%.9W*V5&,7(VCX!U,!$PLI,:%$D<>3.J@8C54W/%U<F AD63M5'KM
M\TS,R*M,TQB:GJ92B7'YY+"DH;E5S'H\L^_E]R4^I22&S](?3)^BTM2>\7V1
M2$A]CDC7YR0I5?Q$@,R=)5-H6Y,U)F1]-J$I(F]YE,H$N O)^@?N*2H.3#"'
M&1CB8^BAP5-\M&6FMR3>#C+.XCYZ(?(5N:9J2,-/K-)!NX2A):/26;JOXV5.
MF5@^9IN$#NFSA5 JJ8G P9M-=4Q4)%]$JS/+9FY9U$E,MEV7FU-O(4F6?:2I
M!<9?(#3B M)4E9%\XXNMR[<Y1JM*.U&<I#4S39Z7=JM/?3+3U,;>EG6UU"3F
M5-NIEYJ32HS##Y;6&G6T.%"@G9-]MH>@LZK69RVS63FS:9Y&+2.6UM;Y%77,
M9@\RKS/FVB3^#"W5N1FGD$H[A4HB<:M6D*@M /)$)!C)/53L&1#[=QE26:?(
MS50F<-X-+K!?HU01A:J59IRAUJ:;#LH9^2=F%L*7+AF:2EME"I9UWK6WG 6T
M".M?1?B68K-7I]#I^.NE9+$TF5Q517>D/#^&9AG&&$:=,*EZC\S567D6J@AF
MHJG*>ZZ_.N-U!B5,N_+,)$P^1KIQI6.U$:F/*V?N795;O]OTC_D\Z]OG#'8G
MY.G^WL0_[H8_QJ(Z2?+?_B;@K^T\U_PF8B=O(;_N-YVZ\??.B-W_ .5&GM]'
M#&B/ES&V+\$'_P#+4Y_Q1SF-\:P^2Y?[&\2_[[9_P+/GX:1O!QT8!TX'N!MK
MH--+W[]+CM%!B+VM>W <!:VHM>]K<QVBP1LVV=GZL#LRVJS1R+4LQ!IW^6CW
M2S=-8R;N,A^E-A-R@Y1TP42*!T^5H<G*)P''H3T%S:J-\G_$&()-J7^<Z0WC
M"HR;[K*%J2_(TY,PP%*-EJ;"T *1M@%!*="8ZC]*<JBI]+=$I$RMTR52.')*
M9:2XM(+,S.]2[LI!V0HI6;*V395E;HD65N\C9LMF&?&5[1B[LL=77K>9@7I%
MG"3V/2^S3,,\2:+-G*SVM221I:'.54BJS7IZ+8O(G3";[RH8NGJ_@63Z7^CZ
M6E9RO2-#F&:E2)I+CS<U)MV=J=,F42[K+BYJB3R%5&F*#B%N,>EMM7;JI)^3
ME,/2M(Q7,='>,'GV*5-51A<E46"E"V)ERR)*>94ZVXVAFJRI3)SOT"A#GHZW
M"I<A8MJJ3RD3L[6?.*3C&=RN-OBI68LIW;<%$)-(\HK7FL4Y(@!%$J[!19$R
MJQ:!T44D&[\Y125<*+!P.':PNG]!]>Z49VG2^)L48EIM1J=;5,-71.MF==H[
M%/<2V0MJBTB12C;DF5MLH:8F5@MNN./1R]8IJ9WI1I&!96;>H5$H<Y)2-*2R
MZ4KE7$RS=1?G4*<.RNJ5&=42B;<VUN.N,)(4E"$1GMF+-=',VE(QDR9!6W4@
MR31R*HBJNYCSH+-(N:0.X.JX,N+)1>*?N!657.JFHLY4_P!$B@?FOD_=)#/2
M#A9F1JA;5B3"A;EWBZ=M]^34TY+R-1:6\IQXN&64[(3KI<6\MU"W'U_Z8-KB
M^EW!CF$:ZY,R 6BB5\*>:V"$M-S*7$O3D@I+:4-A"7]B<EF@A+*6EH0VDJE2
MH41VJOW=[Q_-K7;^"<%V_J[,=-/E)_RR8L__ $Z"!IOP_3#X7X]IST[']#'\
MG% _K53_ (O/17G&BKCAO)RT-LR0;Y9>[E;:4(/ ? < <QV^K7B=#<FY^ 1X
M=]L7^FRVE_[.V:@C_=M-?1Z.O=CW,Z&_Y).C+^P6$_\ @<C'EUTD?R@8VW?Z
MU5TG7\9S/PSSR[(QVRF &VELAP'@.:]' 0#=N&P,@$-=P@ \-0T'=J XVW1Z
M'3<2U6G8?K,OZ52:S.2].J,L''&?2).:=2U,,]:RI#K8<;4I!6VM"T@DH4E5
MB/A7\1U?"#+N*</S29*N8>:<JU)G"RS,>B5"00M^5F Q,(<8=ZE]M"PVZTMM
M139:%)N(];(    !U</;OXCW[^..\5&HE(P]396CT*F2-(I4DV&I6GT^6:E9
M5A"1:R&64I0"=5K(*UJ)4M2E$D]1\08BKV*ZO.5[$M8J5>K50=+T[4ZM./ST
M[,+)_P#O'WUK7L)%DMM)*6FD!*&D(0E*0N.4CAH/;?O#U<,8D_(2-4DYBGU.
M3E:A(3;2F)J2G9=J:E9EE8LMI^7?0MIUM0^^0M"DG>(SJ;4ZG19^5JM'J,]2
M:I(O(F9&I4V:?DIZ3F&S=M^5FI=;;S#R#]ZXVM*AI>V4<6JR!%B(K*D2<%*F
MX2(J8A%4RJIK%(H0! JB1%DTU@(IJ!%$R*%#E%*)/+7Y47R8&<"2LWT@]'3+
MZ,)J6C[(L/(6X[\P%UY(:GI)1NMRB+?+27V'E+737RVXE:Y1=I'V>^1K\L:8
MZ3)R1Z+NE:8EG,<--.KPGBE;;# Q*F7EU]?3I]"0EMK$;<KU[C$U+(;;J\HE
MYIUMJ>:*ZELBE(6&S8R[R'RBV?K)&PF4<PC(36=$$9_7F6:#&YU-D66N]XS+
M1GYZLQ$U5H2!!-Y3GA)F,K*0) Q6.VDT8Q%#K^[*R^(J-A3#N$)UF5P[,!R8
MQ-*];*MUQNHR3?I%2J593,34I+S$C+2PVY%8F&I(*#35TN(EQ&]I2?G\%XHZ
M2,<=)E)FJCCB15*R6 JBF6J4QA"8H=9>]"H&'\)N4ZGU6=D*O/U#:8K;"I&:
MJJ]HOH#DLN<6YBE=BVF5Z7S,4FLU(U5A2LCJUG?78N532:OY!G.6 K(D9;#4
MMU?(@(U-JV%LL\JMI=*O36BJ2L8[*P5D!:8J^C*ER4S6C,U]A3-,PS)8EDY>
M9V6W7&IJ:ZL-5 T]528Z@);+:ER,X5.&=D7V'.K4L#.:Z?,05:0PDF0P;-(F
M*_C^K8 J<[)+6[+,/T^FE\S=$%>:P].^EK==ZYMBL4EMM@4BKR<VT9A,N'9(
MB,F\B*')YK6Z:HJ5]=1;>C9H,*-"66>A6%<V<+_$1<TZS'RL>J2/G^TVJ@/I
M 8U[Y\?MVC9!D60(FW,N4$^:EL-84I,Q7Z@_2Q5G)=%+KB*9+S<W+M2.#JLP
MU,N5>B*ZPS,[/TIUU3+GI+R4(2P'4!M2@$_)S^.^D?$4G@RAR6(E8;9G',08
M0F<03]*I\_,U;I3PY/3<@UA?&#*)?YMH](Q++2Z9N7^;Y5YUQR8,JI3Z6U$U
M.VD-H.T9AR<_1&UIJUHHK.X*S07&LT9C2);--^P;+1D+<K[S4?'OY:Q(1+E=
MHH==NV:%<*NUVJ"J:B+@WP&-\8SU8F)RDMSLA.TIJHKF?G&2IC=-?KCK398E
MZA5"&VG)B:0RI394I"&MK:6V@@H7&ZNBGHPH^%Y2FXD>H]8H^(YBAID%T*K8
MA?K\EA"7F7D34_0L.[<Q,R\G3')QIMY*4//O]4AIIYU*TN-BJ&-=QNJ-3'E;
M?W+LJAX![OI'?W^YYU[</5U]B?DZ_P"WL0_[H8_QJ(Z1_+?_ (FX+S_[3S7=
M_P TS%CXQ.WD./W&\[?[)T1_DJTX]_IW\0W#C1'RY_XX8(W_ .K<YX_.CENW
MX7C67R7/XMXE_P!^,]H_T!GR>.1WQO!QT8WW)[?C[T[M+$F.T,&!L>';<ZYV
MUT&1]1RTA%PLO,X25'9]M5.=TJW/&TTA;HQ*V-&)?<RV=6.-\W-TG,@J8B95
MD%E2<ZB4QE3<HA4RB<P!CM5@;I01AGH1Q!AB8PIB6:8JC.)))O$;$H/F%A^M
M2J9%AM^=6;!;+KB>N;3=PW 0E2B!&B\3X&57.D^C5QG$%#EW:<Y19I5%?F%?
M.SS5-F3-.J;ED!2BEUM!ZI5MG)140D7AJ;.N>SO*:0E(AY%2=CK]BYD486+
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M18WRM&HNE[Y0-=Z8J52:35*#2:0U2*@Y46G:>]...O+<EERI;6)E:T! 2X5
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M0>CJ]@ >/#"+>SS'GSX ZZ0=/+]['=_7!]'5U]G'LU0V3RR\^K?PUX7/.!=
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MN^UW!IQ^/QTW>VF$-H"V=["P%O7VVR\V@!DOW?#_ $!Z^(X0VAQ)\]WCKQA
M9+!U%T[.4'9H/5^OY4 I/8,LMVEB./?O]J]#7["=7[[U^O=X;\(G;'&VF=CG
MQ\<NR_*#H:_83JT^N^7=\FG9WX1&T./"QMSW^W(#@#O@Z&OOW$U'^NT^D<(;
M0SXG?:P]1)\[H!9+Z\"^/*#7P^U'Y<(%0O[QJ/$:=\<2B"B( )P+H8>24 -W
M<!] <1X\-,(!0T[@#PX;[]IS/"!)%18#"0 W#H(&'34= T'MX=7Z\(DJ&>Z]
MQ8@YZ9G?INMO[XY.AK]A>/W0?1Q'4=?EPB-L;N/G=J;F_MA>A+[_ +7?V&#A
MIX>P[^O3"&T,]<_&WNXZZW.^T'0U^POI,'AV>W#OPB=L9;^[SF?#=IG!T-;L
M+\+@/#=N_1W80VD\_@;>'U[M\)T)?7][IXAKW:;O#T  =NJ(VA?6P[,^5K7Y
M:[@!GG<Z$OV$^%O$0TTUW;O;3"&T,_)-K6W6'FT+T-;?N+\+VZ^SY<(G;&?N
M[OKX>,'0U^PO=]=O[NKV[\(!8WY:VX[K>_PSO"]#6["]OVP<?5A#;3P]6_CY
MSCJF*)#&*/$IA+KQWZZ#_P!;0 W#P[!W(D:7[@3KG]=AH;6X1]HA]F2T^^%$
M=1$1TU^C</J'=J.$0H99=IN23;]V1\#E<QG<(M080@PA%L:!LXP-UV;LPMH=
M>_'BFF5LR\JUNK(13-P]]U%I7HK/)&-BE59ALL\3S"4D\U9.45!D UR!R6LS
MT.GKR3!LFBKAE??W;QF!SSW<<HL-F'Y/N*I.6^T7=4;W?'ALBLWMHW+AM8G&
M6;5#*B:0R$S*R[R^91MBO@7 3U*_9DIWU66I]90A[$#UW!FARK&;OEYR(0RN
M,A_-WG>+Z'SSW1*5F\E["US:'S6R40MF>MK;9;2N6M=;DI.1 SF8<Z7,>Z7J
MH*YK)TB3MU<(EDG11IB"]HN367?L5)FTU*O(R+1I-GLL<@"+7^CH=<A;7=H>
M&D:E;7!DK%ILM:3EHR>3KT_,0:<["K])AIHD3(N6!9:)<Z!TB,D2MP>,%] Y
MUJLDIH'*PB",^1S'88P&$1!A".@_^T3_ )P_)U=^$5(U\^K]QTA(_P"T4_GA
M_BAK[<.S=A!67B?&R;^=.$9#"*8,(1E(-*'7FX="Q/'T=7UI6.2G9",9IR$D
MQAE':))-Y'L%G#1%\^;,176:-%739-RN1-$[A$IQ4*B0+FW;[(V13/D](RN9
MHO\ *.5S?1=V:O2613&SNX2OM)"&:HY^Y^!E[27\4]+/E+*,Y#)R;R_SI:+?
M8 5+=$:NN5JI&.)15$BVMLL[7OJ!GVB_*'.X\G!$(OLVBGMN;S ^7NS0IM (
M42PY,JQ.;<6[)FI;LL253,"EQUDL2E6:/F]33S$A+$LJ"4E0+75)MXPAD)$%
M,(7%M+9^P ZF_AW<;PAGKL<L,GLAJWF^A9;T]7D%LB4.F63+UM6\M<Q@SQRB
MG,UW#O(R\)VJ56O[+*)6%3H^9"QX5CT.>EXI=R$&X<A!80Y96W\4VRSMQ\+Q
M1'"*8,(080C!+?MRO_&'T^$(:Z:=7IX^&B+J=!WV]E[6W=^O9;OPD6_FI:-B
M8MLH\DI%ZW9L6J7)!5RY<*%311)RC$(!E#B! Y1@*&N\VFN+3[[4LR[,/K#;
M+*%..N*N0A"!=2C8$V %\@3RCE:)1*KB2KTS#]#DWJC6:U/2M,I<@P4!Z=GY
MUY#$K*M=8MML./O+2VC;6E-U"Z@+Q-WO!9Q?@%,?#8?EF.!^R[#?XVE_![]G
MZHWG]J/\I#7^"7$N?_FI?_R$'O!9Q?@%,?#8?EF'V78;_&TMX._LX?:C?*0_
M\)<2_P!ZE_\ R$'O YQ?@%,?#8?EF'V78;_&TMX._LX?:C?*0_\ "7$O]ZE_
M_(0OO!YQ\D2^X29Y(B4PEYQCR1$NO)$0Z9H(EY1N2([PY0Z<1P^R[#?XVEO!
MW]G$_:C_ "D+6_@EQ+XTOV_.'C[X^S9#YSG+R#T><,05#+"4RS,Q15,&AE1*
M+W05# (@)].4("("._>^R[#?XVEO!W]G#[4CY2(O;HEQ*/\ W4L?_P"A'(.1
MF=@G%4:78!4,D= RG26O+,@J0R:B)C].Y0I*)G,0Z8B)#E,8IBB B&'V78;_
M !M+_P!U[]ER/@>!B!\DKY2!)2.B?$A(L2 JEG497_T^VXC/+*PTCK^\%G%^
M 4Q\-A^68?9;AS\;2W@[^SA]J/\ *0_\)<2_WJ7_ /(0>\#G%^ 4Q\-A^68?
M9=AO\;2W@[^SA]J-\I#_ ,)<2_WJ7_\ (0>\#G'^ 4S\-A^6>WAA]EV&]/G:
M6\'?V</M1_E(:?P2XDOPVJ7>W'_:$,B\9;7FDLF3VU5Q]"M7CH[5JNZ,V$JK
M@J1E3)D!%=4W*!,IC:B !H''JQGR%:I=46MJ0G6IEQI <6EL+!2@D)"CM)2+
M7(&5]1Q$?"X[Z%>E+HODI&HX^P75L,2-3FER,A,U R9;F9M#*GULM^CS3ZMM
M+*%+S2!LB]]T/C)_9LSTSJ@IRQY69;SMUA("23C)F1B3QQ4(]^=AYP*V7!X^
M:J <S(!< )"')R TY?*^MQR14E.I OI&L2A2M,]]]V@^'[X>=UV/MI?+E9DW
MN^45DKKB12569(/5X8RRZ* @"JI4FTHX.5,HCIRU"D*80,!!,)3:2"#H;Q26
MU#=Y[[0Q R+S;$-0H\MIOW\MCI];KRM1Z7INT'7?B8;"N'=ZXS#/9KSS?HIN
M&N7,THBJ(E34,M%I$.(<0**S]/7@/#CINQ25)&I'[M8J#*SH//+C$@0^Q!M:
M6!)PY@LF+3+)MVR[M4\>_@'*@H,$3.%>:31FC+.5D$D1,1JW(JY$2 1)$RG)
M*-/6H_"]1'M$-A8UMP M<9\K6UM>VFIB/D]GS/,RBADZ)/\ .+_6JG*Y8@=7
ME;N2H;IX"?7<&AQ'7LQ<@4+OSYZ]V7'APO ?9VSS,5-%3+^>$B'+!%-1>/YM
M+G#<M0J0'?\ ((*AP QRDT$Y]!, FQ%Q:^[X1!0O?^_OMGWZ1/\ 3/)C[=V8
ML2G.T39TM5NB%.1^SZ_.4>402.<!$$7(M;2H9HY#0P':NBHN$S%,51(IBF *
M>L1H3;MW]D.K7D;9&(\O&P_M59;3CBM7G)V;K<\T9(R"\4_F*F+PC5PY5:)#
MS;>P+\MP*R*O+9IB=XDD0SA5 C<.=Q*5!68-X%M238@WMEEORRW[N<,7^AJS
MTUT][><]"D:(#_-$'VAO^:(XJAU:N7G/A$ 3<5(04S+0LLU48RD5)/(V29JB
M7G6CUFNHW<MU!3,<G.(K)G3-R3B7E /),(:"*)2+"QXV/N^K37CJ^\D_W7,M
M@_X95_K_ /&*&.$Q)_L"L?[NFO\ ^I4;G^3I_+ST. Y?_:1@WG;_ )]DHW0.
M5'Y9 2DZ3R>6F"($ .C"F(%Y8JG$A@*.\^H"8#?6@!-!$,=;T=5U04HI-@HJ
M_#!%Q]'+9L!;7>",LX_1K-.U(5%*6Q-! 6WU(; ,HIJS?6%U90;*S<VP5A0L
M @C*[AUX:[M?E[,8ESN42,L_.G9I'T!Y&XTOZ_;"XC:/$Q$8J:G8:MQKJ9GY
M1A#13),5'4C)ND63- @<.<7<'(F43#H4A>5RE#B!" 8P@ WY=B9FW42\JT[,
M/.$!#32%.+4>24@JL-386"02<@3'$5W$%#PM2INNXCJ].H5'D&^MG*G59QB1
MDI=%[ NS$PMMM)4JR6T;6VXLI0A*ED Z\\V=NM%1X:HY'0YIZ8=NB1R-FDVB
MW1CN5U"MTBP$&H0CF0<**J%(V6D0;I\\!0"-?(J ;&SZ-T>*"/3,03 890DN
MJE&EI"@V@%:C,S NEM(2/II:*B$W^ZI.GFQTQ?\ *"-.39PAT!49RO5B=F44
MR5Q;5I%XRKDU,N"781AS#ZPW-U&9=><;3+3%43+LA\!(ID^R[M&Y.5-9E:-1
MT7%[L*TQ;Y%,\]=I^6>D.FG(*(@=9FBL<4VC*'@VY"LFJ+4C9@F1!9XF@B9T
ML _!UB<:J-14BFRJ6))M0EJ?+,M@*+239+BPDJ+C[Z[NK6LJ=)4$J40A('=S
MH?PG5^C_  "Q-=(.)'JWC6IM'$6/<35F?0XVBINL!QZ38?<4B4D*)0)5*9"3
MEI5,M3FD2[\XVPRJ:?)C1GM,P%US2A<KLKD4[.<[A=W9[:8R@0$7"QA#*R'F
MOD<A:5=N#%3CVKXHIQ2+MZT626DR"9+',+PG-R%'F*Q6%F4L@(DY$6])=F'2
M UUU[I:0GZ3BF[*>4A"@0UK&JY'Y5F'<=]+E"Z).B1AO%CBYF8G<6XS5UHPW
M1Z#24*F*G\T=64/UB=F2AJFRD^DM4AJ;GI1]EVIHVF4_.=VUAEUD\1S%).2V
MRYD Z9*[$KE%-@N #H$_)$*LA&<@>2*C0A7$IH8@]!31/SY5 P;5:T4/+!DI
M G.9>3])Q/&6:.;M\[.'9:-K[:CE$]._RPNC3H63-T:6?1C3'3:5H3AFC331
M8ITQ]()&(JHCK6*6$+2.LDD)F:K;8)DD-+#Z>MLNV3,#,N%G,W+_ " \U8G:
MD74()F4[2"AH*+6.5\Y9,Q.<ZRTA* HV5?2"KQ\9.((4C@B"@I#5C"6IM)F)
M:BTQOZ4LV'IV:60N8?F'DC80XO()2VR4K2V@(0"\;I*AM'#^25BGI*Z5:%B#
MIGZ2*@4M8FGGJ1@K#TBE<EA^B8=I#ZD3\U(R16M;[U1JP<EGJC47YV>6W1T)
M1,MR[A:-=-KS.>CW9S$T"JR S3^L2;B2F91GR%(=)86YF7FUJ\ P@^=(G4$S
MI1L4[1 0! KE5R5RBV^TZ/:#4:>9BI3K?4-S<N&F&'+A\IZQ+G7+1;[F@A-D
M!1VS>^PE&R5=-?E_].> <?##G1U@^I"OS^$J_-52N5>0+;M#8?7(.R/S7*SJ
M5%,_.,K<VYMV42N28R83,N3*9AJ7V^>1 5BRY.YIHR[QNW8GSE:'=IN%3$35
M0#+1VW3*Y*F<%Q8B\=-B.E$R_6D'45"&$A@V+,&Q3I>QM?2]X\U$&P._@-YS
M/F_?%D-L"PUR_3@YDH.(!9S(6&1J\ RA9 SB(:U2K-8LJCI^#=XMS"\Q(3A
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M%@)2Q5Y!I&.&+QU7G,I&K##N%.?D4W[UHLDNNQ74,HNL@X7Z$4ZJG(23*JH
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MQ[>T>H/3A$YW\Z\>)W#OA.'#KX;_ %<>H.KCX=8HC33?IGX:[ANU[-Y77=Q
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&9O%$(__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>46
<FILENAME>g494294g79j59.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g79j59.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[1S@4&AO=&]S:&]P(#,N,  X0DE-! 0
M     "<< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< 5H  QLE1QP"   "
M.$))300E       0FHFM72AMNB$"R,NI9P4_VSA"24T$.@      Y0   !
M   !       +<')I;G1/=71P=70    %     %!S=%-B;V]L 0    !);G1E
M96YU;0    !);G1E     $-L<FT    /<')I;G13:7AT965N0FET8F]O;
M   +<')I;G1E<DYA;65415A4     0      #W!R:6YT4')O;V93971U<$]B
M:F,    , %  <@!O &\ 9@ @ %, 90!T '4 <       "G!R;V]F4V5T=7
M   !     $)L=&YE;G5M    #&)U:6QT:6Y0<F]O9@    EP<F]O9D--64L
M.$))300[      (M    $     $      !)P<FEN=$]U='!U=$]P=&EO;G,
M   7     $-P=&YB;V]L      !#;&)R8F]O;       4F=S36)O;VP
M $-R;D-B;V]L      !#;G1#8F]O;       3&)L<V)O;VP      $YG='9B
M;V]L      !%;6Q$8F]O;       26YT<F)O;VP      $)C:V=/8FIC
M 0       %)'0D,    #     %)D("!D;W5B0&_@            1W)N(&1O
M=6) ;^            !";" @9&]U8D!OX            $)R9%15;G1&(U)L
M=                $)L9"!5;G1&(U)L=                %)S;'15;G1&
M(U!X;$!X\           "G9E8W1O<D1A=&%B;V]L 0    !09U!S96YU;0
M  !09U!S     %!G4$,     3&5F=%5N=$8C4FQT                5&]P
M(%5N=$8C4FQT                4V-L(%5N=$8C4')C0%D            0
M8W)O<%=H96Y0<FEN=&EN9V)O;VP     #F-R;W!296-T0F]T=&]M;&]N9P
M       ,8W)O<%)E8W1,969T;&]N9P         -8W)O<%)E8W12:6=H=&QO
M;F<         "V-R;W!296-T5&]P;&]N9P      .$))30/M       0 \
M   !  $#P     $  3A"24T$)@      #@             _@   .$))300-
M       $    'CA"24T$&0      !    !XX0DE- _,       D
M  $ .$))300*       !   X0DE-)Q        H  0         !.$))30/U
M      !( "]F9@ ! &QF9@ &       ! "]F9@ ! *&9F@ &       ! #(
M   ! %H    &       ! #4    ! "T    &       !.$))30/X      !P
M  #_____________________________ ^@     ____________________
M_________P/H     /____________________________\#Z     #_____
M________________________ ^@  #A"24T$"       $     $   )    "
M0      X0DE-!!X       0     .$))300:      ,U    !@
M   %<@   ML          0                         !
M  +;   %<@                     !                         !
M   !        ;G5L;     (    &8F]U;F1S3V)J8P    $       !28W0Q
M    !     !4;W @;&]N9P          3&5F=&QO;F<          $)T;VUL
M;VYG   %<@    !29VAT;&]N9P   ML    &<VQI8V5S5FQ,<P    %/8FIC
M     0      !7-L:6-E    $@    =S;&EC94E$;&]N9P         '9W)O
M=7!)1&QO;F<         !F]R:6=I;F5N=6T    ,15-L:6-E3W)I9VEN
M#6%U=&]'96YE<F%T960     5'EP965N=6T    *15-L:6-E5'EP90    !)
M;6<@    !F)O=6YD<T]B:F,    !        4F-T,0    0     5&]P(&QO
M;F<          $QE9G1L;VYG          !"=&]M;&]N9P  !7(     4F=H
M=&QO;F<   +;     W5R;%1%6%0    !        ;G5L;%1%6%0    !
M    37-G951%6%0    !       &86QT5&%G5$585     $       YC96QL
M5&5X=$ES2%1-3&)O;VP!    "&-E;&Q497AT5$585     $       EH;W)Z
M06QI9VYE;G5M    #T53;&EC94AO<GI!;&EG;@    =D969A=6QT    "79E
M<G1!;&EG;F5N=6T    /15-L:6-E5F5R=$%L:6=N    !V1E9F%U;'0    +
M8F=#;VQO<E1Y<&5E;G5M    $453;&EC94)'0V]L;W)4>7!E     $YO;F4
M   )=&]P3W5T<V5T;&]N9P         *;&5F=$]U='-E=&QO;F<
M#&)O='1O;4]U='-E=&QO;F<         "W)I9VAT3W5T<V5T;&]N9P
M.$))300H       ,     C_P        .$))3001       ! 0 X0DE-!!0
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M64^T/L=6TG<'V>DR2U\;FW0&NO9[?H6)7I2Z,J(/8@_8V?MF("8OK\Q[OO\
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MDEL.[9(F8F?;Q/TDDE/_V0 X0DE-!"$      %4    ! 0    \ 00!D &\
M8@!E "  4 !H &\ = !O ', : !O '     3 $$ 9 !O &( 90 @ %  : !O
M '0 ;P!S &@ ;P!P "  0P!3 #8    ! #A"24T$(@     !?DU- "H    (
M  P!   #     03:   ! 0 #     0B@   ! @ #     P   )X!!@ #
M 0 "   !$@ #     0 !   !%0 #     0 #   !&@ %     0   *0!&P %
M     0   *P!*  #     0 "   !,0 "    '@   +0!,@ "    %    -*'
M:0 $     0   .@   $@  @ "  ( #SA\   )Q  /.'P   G$$%D;V)E(%!H
M;W1O<VAO<"!#4S8@*%=I;F1O=W,I #(P,3<Z,3(Z,30@,38Z-3<Z,C$
M!)    <    $,#(R,: !  ,    !__\  * "  0    !   "VZ #  0    !
M   %<@         & 0,  P    $ !@   1H !0    $   %N 1L !0    $
M  %V 2@  P    $  @   @$ !     $   %^ @( !     $
M $@    !    2     $X0DE- _T       @          /_A 8!-30 J
M"  , 0   P    $$V@   0$  P    $(H    0(  P    ,   "> 08  P
M  $  @   1(  P    $      14  P    $  P   1H !0    $   "D 1L
M!0    $   "L 2@  P    $  @   3$  @   !X   "T 3(  @   !0   #2
MAVD !     $   #H   !(  (  @ "    \     !   #P     %!9&]B92!0
M:&]T;W-H;W @0U,V("A7:6YD;W=S*0 R,#$W.C$R.C$T(#$V.C4W.C(Q
M  20   '    !# R,C&@ 0 #     ?__  "@ @ $     0   MN@ P $
M 0  !7(         !@$#  ,    !  8   $:  4    !   !;@$;  4    !
M   !=@$H  ,    !  (   (!  0    !   !?@("  0    !
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M 0$! 0$! 0$! 0$! ?_  !$( 4\ L ,!$0 "$0$#$0'_Q  ?   ! P4! 0$
M             08' @0%" D* PO_Q !>$   !@$" P0&!@0*!@0(#P ! @,$
M!08'$2$ "#$2$T%1"10587&!%B*1H;'P%R/!T0H9,D)26)*4U>$8,S93<O$F
M1E=B&B4G.%27HM8D-3=#=79W@H2%EJ:RQ=+_Q  = 0$  04! 0$
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M[_@?%.^GG\#](0?QUOHJOZ[V%_[_ #O^!\-]//YP@_CK?15?UWL+_P!_G?\
M ^&^GG\#"#^.M]%5_7>PO_?YW_ ^&^GG\#](0?QUOHJOZ[V%_P"_SO\ @?#?
M3S^!A!_'6^BJ_KO87_O\[_@?#?3S^!A!_'6^BJ_KO87_ +_._P"!\-]//YP@
M_CK?15?UWL+_ -_G?\#X;Z>?P/TA!_'6^BJ_KO87_O\ ._X'PWT\_@80?QUO
MHJOZ[V%_[_._X'PWT\_@?I"#^.M]%5_7>PO_ '^=_P #X;Z>?P,(/XZWT57]
M=["_]_G?\#X;Z>?P/TA!_'6^BJ_KO87_ +_._P"!\-]//X'Z0@_CK?15?UWL
M+_W^=_P/AOIY_ _2$>;STCV<>6/F#YK;-E'EES=1LRP-SJE2E+,I4'SA96N6
M*(C25%9D_:O&C-R1-W'0$5(MW14SH*J/'" * HW.4-0[:2*V*JJ< 46)Y#:@
MNQW4O--I:6W?@=U"'!S"S:^ZJWY7_ME;$SE%[1VML$,+-)VOI\G>:2@]TW6*
M3+-4^9E'% 6#BY%B1FF]\@NAQX(!$NYN\]+73JK>H=2OW*OQ-G@UED'*L5-L
MD)!@HX:G[QNL=LX(=,RB)_KIF$NI#;AH/&)M.NLJWVG%-KL1O(44JL=1<9SQ
MCE.CUNL;/3R*E0ZE.TFH-MN-(G)"8<EIE#;R=QU"76E)6$N).ZH V(P89N(,
M.T_"5;D:M2T%$8V3LT[:''?)LDU/7)QUWXMB P:,D?4XUL5M%QA#I&60C&31
MLHLL*(''UFIMZ<<2Z\;J2VVT+7MNMIM?VBHW4;J5FQ4HFPO%\VVVXKFWU5EJ
MQ7G4.3<K2:=2&RVJ84GN*<SW8=5]I?F%]_-.J=G)M25A#DW,/NI;1O[HWFY/
M,A8*Q;S282OG,1E6HXBQU3+BVNKJR6]ZLU:N96GI'GH"+8I-FSMR[>.YYI%E
M,FFAV4FOK#A10@)AVKQLO(KG*S*$ ]U*.HFWEB]D!A06V";:K=2A &I!4=$D
MC:W[,&Q4YM?VN;.S+;"E4W9.81M-5)DI):8^[E;],;*[;O?3%4$J&FR0M3;<
MPZ@%+#A3ZFOXZWT57]=["_\ ?YW_  /C=N^GG\#](_8J#^.M]%5_7>PO_?YW
M_ ^&^GG\#](0@^FN]%2'7G@PL'QD)P/_ .CX;Z>?P/TA 'IKO14CTYW\+#\)
M"<'\(/AOIY_ PC\TZFYXP;7.7">Q39.6:GW_ "9(W*NS<9DB>LN08U>+91:.
M0BRCI,M5N=>[ETZ0M%9AT81FT2B95&MEE[<XGG<94&5>\P4VM;.>'NS>\3?\
M^ /+UTAD87REB^AU3)T/D+$D'D6;G*\0N.9N0++$6K5I%T@U64?C$VJM-7$6
M:+<.Y1'V_%WR*2EXEC&&IJC>>?SD,20!D7\A^9A?&MK7_3SO\ .4:\'-VSG/
MV2E[9C&[)"@0A>T(CV2%#8I0UT*4-@#0 Z<4Q$4\(0<(0<(0<(0<(0<(0<(1
MO!3,X<MD-C^!K]BPX$O96--GXB1D?T>X[?=[*NW]&7]2"R/Y9*P2I;<E 6I5
M7(TDW1NV&AM9XC&D=*QK,#K5@I R+GP$3CII\<^(]#3,4T/-O+A7&-6;6;%@
M6<8Y_:7\R@OB/&2JA64CDVJ61A565@=6@96P1LKCR!LM$7LUL;NK1CASD)S.
MT([@U*A6,O.\C^7X")QT^('F /#3!MKF-("@(% !'40  $>FH@&XZ>\=^/.*
M3TTA>$(>N/\ (-HQE9F5KJ;_ -2DF@&2534**K*09*B47$=(MNT4'+-QV"]L
MG:(HFH1)PW50=(HK)_'/2$M499<K-M[[2[$6-EH6/PN-JU2M/ Y!%TJ"DE23
MB>VVQ.SO:#L].[,;42*9ZFS@"@0>[F9.:;"OL\](S !7+3DNI1+;J;I4E3C#
MR'9=UYESIK2N>?&DLP2"Z1\S4Y<B90<^K-%)N(64   QVB[/60(4QM3 BX8%
M[H! GK"P@)QUO.[$U%I9,DXS--$^R%J#+P')07_9FVF\ES)SN)TC\Z=LOV+-
MOJ9./.;&U.D[34M2U&7:G)D4>L-())2V^W,)-.=*4V27VIYOO575]E92=T92
MS\\.((EBHK74Y^UR(D'U=HC&K0[3O--@=O94J*B*6O\ *.V9/3^28[B'G*[%
M59U8$P6)5N_M*+@>7;_40T2">BG$#K%MV9_8Q[4:I.-)VBF:'LO3PH?:'USR
M*Q/=W?/V63IQ7+NK/ /U"52 ;[Q(W8YIY9R[;,PV,9^S+D31;E4;PT,T$Y8V
M&9'.!A1:D.83*+K"4AWCU417=*%+VNP@DW01V-2Z5*TB7^SRR22HA3SR[%QY
M8%MY9   &0A  2D$VN2I2OT/[,^R_9?LJV>10=FI==W5)?JE4FMQ=1J\X$[O
MVB<=0E"0AL$HEI9I*&)9LD-I+BWG7<?C"TUJHVQK*7&JL[G5SHK-IFO.FC!9
M5^W'L.$4F3UZF=6%<F>MVI5)>,.A)H,A=MD53H.G+5S<TD Y%QX7C8P-NG$'
MKR\#](GD,S839LU$4\61%C4<.XM"2+-8OHE>]J,VU-7B9Z?8/JS83/Z5-6::
M%H#6L09WU6I/<*72'7E;*X6C5*]Y'\OP$3<9SX#.ONSBXN<\^<;Z<@'/GR$<
MJL?F2'SER4FYHV-QN<?,8[?WB2JT!,5"!:(RI';5TUB*W+P@/I<SU@#M&';L
M&#4D0T0;]^@5 K8%)SKDWL0/7"(-N!OZZ^_ISXPR/26<[W)OS:1.,6/*[R:0
M_*VZJ3BR'M"L5.(2:5H/+K5P\0]5!A#5\J;B";Q4U'(-W*$@W=(6AXY,9HZC
M&)EA4DBP'ACUK &U_"WKP^=HY$&ZC\1X\XB,O*P,E!DCQE$B,W$DS3D$8]19
M,9)!@X*11BZD&)3&7C2R;<Y7L:B_(W=/8Q1I+HMS14E%O7LD$:PC#\1"#A"#
MA"#A"#A"#A"#A"-E(?E$Y@K+BZKY=JE"6N%7N1P^CT53YB"M&0I!J>XV7'Z4
MFGBZ#DGV1!AUKG49ZO)2I:R9@,@U13,N4K]@=S.Z2+VB;>M/GCXWANP7+1GV
MR524N<+B'(3Z"B[E&8\[Y*H6 74K>Y1Y*QY*=76'L[URQ69B]A9!M,P4,B]E
M895,A))HV,LD!IW%<H6]7'"&\WP=FMVM'-VN',K.G$O)V*$B4&V.K@NM*S50
M,Z+;8B-32ACG?RE5,Q>ELD>U!5W!&9N@E46@MU>PW5<O7KW\(6.GYB/M=L$Y
MJQNU,_OF*,@U.-3A:-8EY6:J<TSAVL/DNNL;70W;V7.S&,9&M,!)-'T6T=ND
M7JAA<,E&Z;]D]:MXW2.'K2(B*.(A!PA!PA!PA!PA!PA!PA!PA%1/Y9?^(OXA
MPA!J8I^T4QBF*;4IBF$IBF =0,4Q1 Q3 .X& 0$!W 0'A"'):;*K;7_MR1:)
M$L+TSAQ8I5!0Q2V*2<.57*LT\8]CN6LN[,L?VHNR.BSD%2IO!8(2"D@[D)))
MU\(F]_7#@/*&SQ$1!PA!PA!PA!PA!PA!PA&TU.YQ\YTNMXUH;.PDE<98RJN2
MZ9'XKF7-A-CNQP67BY(;7\;77HFP1 .YR:B,K7&OHVZ&=05OAX5VS;PL['N(
M]L[)4%D"V(F_3SX^7+^F(F-7TF?,H])(>V$<:SCF<6N+2R/Y"G+MW5BIE\D<
MYR5EQO(%AIN)9LZ>[5YE,VHHNX%I#7AFWO!R-;FDI6Z:K7)WST^/UB/7KQBW
MK7I),^U)K7(^%@,2MHRN6^6N?LHM.E$8JPR$FOE=5-A;XUG:&C*S0K!/,ELC
MSQ\D@H%GA6M<@;\K;X6&)'KM\]/7G"(@MG-SE*Z8JE,0SS&F.:[+PN)X-S(^
MQ7YYINVPW4J71*F^B"N)IQ7H&>=T['-%K=CL<+7F$],PM;3C3R*#.=MJ-B@K
M)%L1-^GT]<==8U=XIB(.$(.$(.$(.$(.$(.$(.$(J)_++_Q%_$.$(;IG;G4W
MZXW4==BB(?8&V^^WX<>VXGE\3]8]=T>[H#PX@:\#Q]T4^MN1'_7&_LE .GAM
MJ/G\M^H<-Q/+XGZQ%A?W_P (L?"^OQT/ B#UMUXK#KIY%^']']^FO3S;B>7Q
M/UB0GPO;EU\/KJ 18"Z^MN?]Z8=NNA=-0V_HCN/[.&XGE\3]8G=&E@<:XU'D
M=3PTQ:T'K;G3_6FZ>(%_'34/#3;IKJ&H\-Q/+XGZQ%ARX<0.OK\.FHOH>N./
M]\;["^(>79TVUU$/ /=H'#<3R^)^L+)T\/'3P\R/,ZV@%VX#JJ;_ -CS$?$
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M8JR)!M;+#4Q5:3*SLZU*M..O.-2YF'7$H0MUY2&DA"W5"ZSZ;$;/RDQM5/\
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M?\UU#_9'HW-)6^V2@O\ Z4QIC(>;\A^>-=8Z]\A[7U?FGP$^#8Z.3*RKJ4
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M/KFVPEX(2V7DJE5(+C33:$K2IQ*6&DI+*4(0K?\ 9>7JT$N;37O/#Q$?COT
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MN'Z1;QO?S$#E8#]/+K'%WG0=>N9[L*XB B,162Z_\,*U#XCY;_$==..)>VT
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M]GG43*S8LS'115*9QWCE50.[\J=N,UNE"1;6M;M5D&W7U@]\ZE4VV%H:0/\
M!I5@%2O;(&Z  ;Q],W*S$W0JT_474)2U1ZC-(9;Q+M%,DZM*GW56[QQ!&\$6
M2WO)"CO$)W?(LXC7,.[>1+P"IO62QD%P*(&)J7<#D'0.\(<HD.4VGUDU $0
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M<RV/J5@NCTC_ $D&%"91<]-.\PXAS/C]UDJB6.(?2A'1'N-CPT $K .%V!5
M=1/MIVD[FW;A\M&Z$%24XC[:NQK:?:KM)VDVB7V4-;1S,_1Z7*[ ]H.P^T[>
MQFTU$G9>2+*V=K7)J?<:JK$O,!KNIA,DPMNGRS;#+SF_:4Z(V"VCV3I]$I F
M-J54Q^2?=57:'6J4NL2D\P9C?(I"FDM*E5/-^TD+<>2W,.K4MFZ;NYVV<\]
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M*I'".([%=A/:MV<4OLSV[I>R#%4V@[/MK=NW)S8M^KR+,Q/[,[4L-2B)N1J
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M'73R]<S$R<O.?'6 \YXFS)&E7>*8WOU8M;J-2$"#,1,5*MEYJ$$5#%(4DS$
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MR+FF5"G((&(H5FL4D2FL0P 8BZ$<DL0X 8ARB&O'F$#Q]>M;Q)63T\(G#0-
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M;WO?>"LXL0>-K7N<:QDDT&Y2K(K]T0Y6B:A.QW8N"'*GV3E[P%R-^R10HKE
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M0.NGPU_#]VWCUX0P+#6WA?Y?3''6#\[C[MP\_#7WZ[AX\(>LGID<^%^M\CC
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MDG ]A 6XLAM"U"S8>@+M<FH";'FMIJZHI&6$A<33@&*0#]V/>?\ 3T"IJ%U
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MU/+2USI^5CS.UW(O_P">?RL?_;]BOY?],XGPTX^2?_Q*:_\ <.?]TQF&P/\
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M!XA"R-XV><Q2L:\B49IWG L@VLB[:4$(['RM=GEVS.7;6]%.;@6%]?@.>AT
MT%\9B3;4^Y/KU"T(LC;H&G2D!6F19=C3J-,Q$4[0CHJG,UV"LG X.@K,]OUC
M=>WG"T;<93)L' O8B1E0SW84[>VB(9$Y%R1K?Q-R-1UZ<L@VC+W GH^+/>K#
M*KV"?KL5+34]-,28UB+>A -869EFL! Q0PEDHT2K!VR!4M\ED^>BX-DYH(4O
M$D?CZKR[BV7L[IFA[6F#;GPQCC^O$ZQCF5,Y!9LD.@PO-X3*#K+DW8-$I*)G
MH2E4Q6:N5.;O'%GCVM/L%RO=;JS3'4''UQZR(SLV1&DH]9RKF%2BG2&2;'T3
M:XXC&;ZFU[ZQSQ4,4ZASE2*B4YQ,5(ASF!(##]5,#'$5#%( ]D#',)C 74PB
M81X15Y:VO8YN;  Z<XIW^&HZ>&VWXZ?$--!T\.$,^%S;AC'SMXBUC;A (?AO
M^W3X[!X>?7A CY9_.WC@<.>L('AYB/4=M0T#4?P#;KIUZ\(@<.9.IQ<6%S\A
MC6VNL*.@[:AMN.N@_;^W[O/A$FQQ<8R;V/O_ #^'.$Z#IX:^>OQ#KX^_3<?'
M3A$:&W"_._B->/6V3QM%7Q\_ /#\?=[A'IIPBKQY\!P^?3H3I:*=-1UTTWU^
MP VU#7KX_<'71%-KF]K9O[@,7%]>/P&MEU#]_C_EMXAKL&_APB;CZ\?TQQ%\
M#/" ==?=MTZ[^0ZAY /CY].$#>_3&FN>1N.0/'GI!MK\P\QWVZ[>[?4=MAVU
MX0Q?S',YQKCIFYQ@XO&>@*\ZLSA6.BET%)TYD2P\(8% >V)=4YDC1D*)2&1<
M3:@BC[-B%3HNIQ4YHZ'%W-*QL3)(I)\LG-@<8%_ BV<D\,:X(F_9'8=1 =?<
M.@[#J/[AT\M^$5&^Z;ZV/Q&>)]#SC:OD7_\ //Y6=M!'/V*Q'YW.(_Y>_37W
M\?)/_P")37_N'/\ NF,MV!(_?;9/!!.T-).G_'6?Z<+V\S[R9A<:O<<;Y51K
M[2S'QK9TG\E%N71V+DM4F%6;*UR<$\(9,4+#"QB7M:.(NJFU?I,W<0X^K(@=
M+#:7,B7?4E6$O)#9.GM W3D6M<DB_"_&.LNV/9.:VGV7#T@"N>H;RJDVP$E2
MYF7#*T3;#:4BY>[O=>;2+AQ3/=!)6M!$_9S>X[N;')-I96YU?37&/C,:X5(\
M<P9XV)FG+^V%R+/4I!J#EZBACB!/0WZ]K<O32BUNQV2&C92)4E4HCC(IM]I$
MLXLG1*;H.IT&Z0;^RH718X-Q?-[<G;"T.H5S:VBR,F%H=1.L3;LRV;&48DW&
MYAZ:2L?A+247:((WGRV@*"E".*_II4E0Y <A*F25*DI<\7@FJ9,Y4E!)?(8I
MP34$H$.)#;& AA$H[#IQ9:$%"H-$X"DNV)&IW3>WNSIPCJOMM>95L%5&$NMJ
M>:G:076DN)4XV%SK)25H!WT[P(*2H"X(/$1Y$* \Q6E6K*WOT V?S/M!)6"?
MMY*Y1TX,<-(R&NZ:QRT:^=5)LX^F3#'S-F\GJS*^K^VWJSEM(1:#D(W-8XE(
M.FO'3%[\_>=>D.*8KW+[$34$2*OMDM<(XC<PIV%PK7WL:JP?1]8F@Q([C&W=
M1RRZLU93Q9'31TY%H06*3V:/&14J[C(Y$65FX&-,@#)]KX=?CF'0\J'*T\:/
MGS#*MDB7GL&X/6D.O7)HZ!9EDX.WIL.FY-"2JRHR2";23EE7+U)DH64=,T)6
M)7KXDF41=7+E[6--=2??CXQ#>0V^.&SF#)C=S-.VH1TRE.K3C\7KE>2:W2U-
M8AVBB%7KB3%O(TI*J28LTC2?J[IZZ;N':;M!P@5$W.>9&GEH1[6A/2]XCS3Y
MAITUZB(Z^/01V]^_")MYBVE]23?CH3CKF WW^6FN^_B'S$/$.H@(]$%?'E:^
M<\1YD<1J03H:CL/7R -]!Z:Z^(>>^VH<(7.#KR S8Z7OQ'/.+B%'40\MM_\
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M>0R>/#&O6T+[P^/CX:AUTW\]-M=]]!X1/4>/'A<:VSSMB^<V,((=/$-0#;0
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MVG&44[,R]2F2U. A]%1DDS-6>$BY]K6ZI<NQ9EV2;D9-Q)$H7'FMD#F:Y?\
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M +7_ (;WZ\\ZWAH7;$/+\Q8-U,<YFS-:Y0[LJ;IC>>7BD8]CD6 LW)SNT)6
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MG](NF^GU@_/7]O#YFWZ_#UB)L3H#!VR:?RB_V@_?^=_,-)B+'E!VR?TBZ?\
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MD_IA]H?OW\.'KZ>LPL>1]T*54"B4Q%.R<I@,4Y3Z"4P#J42B ZE$! ! 0$!
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#X__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>47
<FILENAME>g494294g81b12.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g81b12.jpg
M_]C_X  02D9)1@ ! 0(!>@%Z  #_X4MM:'1T<#HO+VYS+F%D;V)E+F-O;2]X
M87 O,2XP+P \/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(
M>G)E4WI.5&-Z:V,Y9"(_/CQX.GAM<&UE=&$@>&UL;G,Z>#TB861O8F4Z;G,Z
M;65T82\B('@Z>&UP=&L](D%D;V)E(%A-4"!#;W)E(#4N,RUC,#$Q(#8V+C$T
M-38V,2P@,C Q,B\P,B\P-BTQ-#HU-CHR-R @(" @(" @(CX*(" @/')D9CI2
M1$8@>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S R+S(R+7)D
M9BUS>6YT87@M;G,C(CX*(" @(" @/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O
M=70](B(*(" @(" @(" @(" @>&UL;G,Z>&UP/2)H='1P.B\O;G,N861O8F4N
M8V]M+WAA<"\Q+C O(@H@(" @(" @(" @("!X;6QN<SIX;7!'26UG/2)H='1P
M.B\O;G,N861O8F4N8V]M+WAA<"\Q+C O9R]I;6<O(CX*(" @(" @(" @/'AM
M<#I#<F5A=&5$871E/C(P,3<M,3(M,314,#0Z-38Z,3$K,#4Z,S \+WAM<#I#
M<F5A=&5$871E/@H@(" @(" @(" \>&UP.D-R96%T;W)4;V]L/D%D;V)E($EL
M;'5S=')A=&]R($-3-B H5VEN9&]W<RD\+WAM<#I#<F5A=&]R5&]O;#X*(" @
M(" @(" @/'AM<#I-;V1I9GE$871E/C(P,3<M,3(M,314,#0Z-38Z,3(K,#4Z
M,S \+WAM<#I-;V1I9GE$871E/@H@(" @(" @(" \>&UP.DUE=&%D871A1&%T
M93XR,#$W+3$R+3$T5# T.C4V.C$R*S U.C,P/"]X;7 Z365T861A=&%$871E
M/@H@(" @(" @(" \>&UP.E1H=6UB;F%I;',^"B @(" @(" @(" @(#QR9&8Z
M06QT/@H@(" @(" @(" @(" @(" \<F1F.FQI(')D9CIP87)S951Y<&4](E)E
M<V]U<F-E(CX*(" @(" @(" @(" @(" @(" @/'AM<$=);6<Z=VED=&@^,C4V
M/"]X;7!'26UG.G=I9'1H/@H@(" @(" @(" @(" @(" @(" \>&UP1TEM9SIH
M96EG:'0^,C4V/"]X;7!'26UG.FAE:6=H=#X*(" @(" @(" @(" @(" @(" @
M/'AM<$=);6<Z9F]R;6%T/DI014<\+WAM<$=);6<Z9F]R;6%T/@H@(" @(" @
M(" @(" @(" @(" \>&UP1TEM9SII;6%G93XO.6HO-$%!45-K6DI29T%"06=%
M0DQ!17-!040O-U%!<U5':'9D1SEZ84<Y=TE$375-04$T46ML3D$K,$%!04%!
M04)!0DQ!04%!045!)B-X03M!445S04%!04%104(O*S1!1&M&:V(R2FQ!1U1!
M04%!04%F+V)!25%!0F=114)!545"9U5&0F=K1T)164I#=V='0F=G3$1!;TM#
M=V]+)B-X03M$0D%-1$%W341!=U%$031014$X3T1"351&0E%417AW8D=X<V-(
M>#AF2'@X9DAX.&9(=T5(0G=C3D1!,%E%0D%91VA54D92;V9(>#AF)B-X03M(
M>#AF2'@X9DAX.&9(>#AF2'@X9DAX.&9(>#AF2'@X9DAX.&9(>#AF2'@X9DAX
M.&9(>#AF2'@X9DAX.&8O.$%!15%G0D%!14%!=T52)B-X03M!04E205%-4D%F
M+T5!84E!04%!2$%114)!445!04%!04%!04%!05%&07=)1T%104A#06M+0W=%
M04%G241!445"05%%04%!04%!04%!)B-X03M!44%#07=11D)G8TE#46],14%!
M0T%1341!9U%#0F=C1$)!24=!;DU"06=-4D)!049)4DEX459%1T4R16EC6455
M37!':$)X5WA1:5!")B-X03M5=$AH37A::3A#4GEG=D5L47I25&MQ2WE9,U!#
M3E51;FLV3WI.:&156DA41#!U24E*;TU*0VAG6FA*4D92<5,P5G1.5DM"<GDT
M+U!%)B-X03LQ3U0P6EA71FQA5S%X9%AL.5=:,FAP86UT<V)7-799,U(Q9&YD
M-&58<#=F2#$K9C-/16A984AI26U+:31Y3FIO*T-K-5-6;'!E66U:)B-X03MQ
M8FY*,F5N-4MJ<$M7;7 V:7!Q<75S<F$V=F]204%)0T%1241"455%0E%914-!
M341B445!06A%1$)#15--545&55).:$EG6GAG6D5Y)B-X03MO8DAW1DU(4C13
M3D-&5DII8W9%>DI$4D1G:&%357E7:5DW3$-",U!33F5*16=X9%5K=V=*0VAG
M6DIJ6D9':61K9$95,SAQ3WIW>6=P)B-X03LP*U!Z:$I3:W1-5%4U4%)L9%E7
M5G!B6$8Q95@Q4FQ:;61O85=P<F)',75B,E(Q9&YD-&58<#=F2#$K9C-/16A9
M84AI26U+:31Y3FIO)B-X03LK1&Q*5U=L-6E:;7!U8VY:-F9K<4]K<&%A;G%+
M;7%Q-GET<G$K=B]A04%W1$%104-%44U2040X03E5-'$W1EA9<3=&6%EQ-T98
M67$W)B-X03M&6%EQ-T951G%E=&%2<%58<39J95)7<4@W4'%S1DQF-G$Y5RMJ
M27EM23AY,5IC.$U9=5)!659Q,S4Q*U<W67-M;G=486<T<E)Q96I')B-X03MF
M.6LT3"\X04-::E,Q8U)Y,V14;3=E=W@K:T=8,D0X9D)I3V\O;E@U;VY*1FY$
M8C)A9&E&37)J-EA02"]!25A+2F%Q4C5B3W)Y.78U)B-X03MJ.4E%9G0O2'E9
M-V5E9CA!>FYD,3E85C=H83EF4V(P9BM4451+>FUM97)G>C=4,45U8WHX3G9U
M4VUB5DY4;DY:-WEE52M,>4\S=#-/)B-X03M6:VMU3DQ56D1Z;$PU;$191VPR
M2V]M2%9.5&=.64QY94DK2U-/=G0R3T5%:'5J<4UG-5-L.'EM,6XU+S@U,FQ0
M4S%E-&%N5#%7.6(O)B-X03M!2D]H.'-'85DV=51$=%!54C544'@S*SEK5VXO
M04HQ*V%)0T)E45<Y-&YC;%1%+S-Q95 O04%U5U(Q8VAZ,V,O1C(O;$@Q05,K
M>&PR)B-X03MK+VY6-6)U:7%A:$).<#=N<3%05VI(*WE3:B\X2FU22%9X4%!:
M,F5(=#=$3#9G62]A4'@X1V)A6G)7:S9P1#8R;EAC5C!N9C R1$5F)B-X03LV
M=S9J-F-Y27I%=5)D=&EZ47E#-&M&1UI*=&1I<G-69&ER<U9D:7)S5F1I<G-6
M9&ER<U9D:7)S5F1I<G-69&ER<U9D:7%1*UI03S-L)B-X03LW>3E'9G(Q=T=U
M8597>FEO.'AR,"M'=G<O3FE-<7E:;W@U=4AQ=&1I=T0Q2&9U-G9++TU8-7@K
M64PX=$9P87)P='-D9WDP96-J,V-I)B-X03MI+S=%9E1M1E!64U!,6C5Z5F1U
M-5HW43E)*S%G;'AC,TYZ33 Y>DLX.'HW=DQ)>&1I9F1M<6-X>6)D3$]C<$<U
M1WEP-$=$<U9D:7)S)B-X03M69&ER<U9D:7)S5F1I<G-65DQA-G5B5UI:<F%6
M-$IK,U=73FEJ1#5-=$1H0G!N0V-O;31M:7IZ>3<K8VYM0W=+>&%O:39L8D-G
M3&UI)B-X03M4068V-$9'+S)1*VY-:4=Q:T]E-W5T3C(W:VAT36-1*S$V<C5B
M.#8K6'9-2V8W:C=G9E=!2W9A4R]"2W8K>#<O0415:UIM-#@P6F-N)B-X03MP
M3DQR<U=C96<W.3-64$UT8W0R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU
M>%8R2V]F54Y2<V1/=$AU-S9D3&4R:D98;&M.05!B)B-X03LS2C=!64I3049L
M:&MY4FA(:6MA1'E(>F8K8U8Y9&PW5'DK1W1,8F-.94U0,WHO-F<O64@T+TQ-
M1$QQ:61O-U!-83-T>55V5&DR2&8Q)B-X03LK2&,X,FMK:VQK85-2:3AJ;7)/
M>$I*2C=K;DU2-2M5:51:-7)C5TQS5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER
M<U9D:7)S5EA24WEW)B-X03MY3$Q%-U)Y;V533VA+<T-/-$DS1TQ+36E$63),
M,'9Y9BMC9#-B1DQ0>D-$8S(O4F(U4BLY6"]8569B2'8Q*V5:94Q616)396@P
M6&)H)B-X03M(<'DW:G8X03%V6&)'*W,W*S%J=7)/6DQI,VQ&56QJ3E%C>C1Y
M0D9H-F%%-'I&>$YH6'=S,UEQ-T9867$W1EA9<3=&6%EQ-T9867$W)B-X03M&
M56HX,F5C3DHX=%=8<C-J8S=H=V9Q.6]H2'%3169Q6'AB2W-U55%'-VEA>E=W
M=U)U6%!O3SDT2C5O.#,V>C5J=E!8=C5A46]4-D9Q)B-X03ML4D9'1#1$=69&
M:G9M='E:1$TW=D8V>EA:33AR;'DV1&]K=59U13=&6%EQ-T9867$W1EA9<3=&
M6%EQ-T9867$W1EA9<3=&6%EQ-T98)B-X03M9<3=&53DX<2MC=%DX=#-F<3)4
M.#=D>5!8=$A*.4YX.'5Z9C51>7I(;$U$<S4R:3$K5%1M-"]4,40S<GET-7,P
M;GI*64,U<UAP2VQ")B-X03MC5W)%97!'>#A2-&5$9#@R95!+2FI:-U1387E'
M95!&12LX9%%N5U=/53=&6%EQ-T9867$W1EA9<3=&6%EQ>'9Z=#4R<U!,1FAZ
M96LR)B-X03MO5$$O5DQ3=350.$%/+V=G+TA+8S)944AM-$=V,3AD4$=Z=DDX
M:"M/:C4K,6)6.5$Q82]L=G(K67I837!Q5U!11'-Q:G-O-T1.6DM2)B-X03M*
M<W9%6C@X.'-J2U)S;U!)=$QS5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9D
M:7)S5F1I<G-69&ER<U9D:7)S5E(R:38S<5=J86A()B-X03MF-F9-65HT*W8X
M<DQ7<%9X,U4K1U-J27A.:'8P*V]N:&QX44Y&.4)E5%!/96XK6CE0.6%':U8W
M14%,=3!**TI'.%(T<65X>F%9<V]M)B-X03M03C=J438V1V]H62MR<4=1-6$U
M<G-69&ER<U9D:7)S5F1I<5(K8U!.;&PU83!L<GEE:C-$,5,P=#8P36ML4#A!
M:4DO84]66F-O9TQC)B-X03M45S9Y3T-(165F460W-3(Q9E9R+T%&8E5*<BLK
M;$UT>DUA<U0P03=+;S=+3W=Z5GEK4V),=VUF4$Q,37EK9'EG.&DP=7A6,DMU
M>%8R)B-X03M+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU
M>%8R2W5X5DAA2')E;V%,<55/;S)%;D-E23E$=7)+9G1)=S=Q8VQ#)B-X03M:
M:6)$9G Y4DQ$351J>D0V3#AR95HW1'I&<$UD+V%(:3,R8FE!;7)24T1Q<"]G
M931Z831S9VU,1#-M:S%58SA"2U X05EN1U=/4S=&)B-X03M867$W1EA9<6@Y
M4C%#,# V>&YV<G1X2&)7-D=35GHR03A016YO0F=L24%75T=42D=%5$M825!N
M1'IF-6]V4$UE<WDS.#E5:$AW5W-&)B-X03MA:4])2%EF33E74&IM<'E:1$TR
M.$AR=%I,4&LT:GDV1'E36$LS0V1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9D
M:7)S5F1I<G-69&ER)B-X03MS5F1I<G-69&ER<U9D:7)S5F1I<DE02DAM,C8X
M=&%W;'ET6',U84IE=T0Y<4]V568U4SE2.3)7-'-H9V)C+W,O5VY4-4PO:%!.
M.4=7)B-X03ML,6(S9')&9%=Z:5=#9$)*1DEV4FQ95D)Z86<R3$0S8TII44)(
M27%U1FLW1EA9<3=&6&I0-7AE8GID,W<X=C)J+W=#:E=J0G)X9V9T)B-X03MZ
M9&LK4V9R*U=A+U9:8E!#3VIY=F)M=#1P949(:T]F=C=V9S@P>D5E9&1I<G-6
M9&ER<U9D:7)S5F1I<G-69&ER<U9D:7)S5F1I<G-6)B-X03MD:7)S5F1I<G-6
M9&ER<U9D:7)S5F1I<G-69&ER,5@X;79.-5-2=DQD-"]W4'EK,#EJ,F(W5'AF
M5#EO9E1M6G!C=CA*96TW0S$S*U)L)B-X03LO;2]Q975:;G943WA6,DMP1C4R
M.'E*-64X=EA&+U5F5U=(<%=A;F5S>F<X9'8X;6A9+TQ+<S)4:&IB:#8W5D1"
M:4UU=E0S=FTR4U-3)B-X03M74G!*1TQY3U-Z<V1Y4U15:S5Q6&=:4TI.;FUT
M>%EU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6
M,DMU)B-X03MX5C)+=7A6,DMU>%8R2W5X5E9T8G%E,'59<G$S8WAZ=T]S:U5G
M-G%Y;6]0,S1185IW;5E316AZ1#98.'(V.41R=6A7;7!X54)M4VMY)B-X03M$
M.6E69&Y8-D<V93)B8DA0:6IB-D1P9%%-,DU42%9.8W-C:#)+=D1F>FHX>$<O
M.$%-0S9813%B8E16-'-",$TW-W5F.6E+3#DK83-6)B-X03M4=59D>GE(8G5Q
M-#AV04]59G990FU--DHR2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R
M2W5X5C)+=7A6,DMU>%8R2W5X5C)+)B-X03MU>%8R2W5X5C)+=7A6,DMV4R]Y
M53AX1S,Q3S0P3UIV,TXT4%=T9U0P;6I(>$%F-GEF.%)Z3#!K-DYD-S!864=Q
M<5)X;G)U4&8K4'5E)B-X03MZ6G-(<6M&<E=P>&%6<$8U<4UU-E=S5%,X9C5I
M;RM&9CEK9'-J3UA#0U=R4&Q'3T)K96=F3#EZ8U183GI,8WIT>FUN9'!*6%!5
M<S4U)B-X03M-9G9/86-M,WIU8WI+4FME6E4X1$(R2W5X5C)+=7A6,DMU>%8R
M2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6)B-X03LR
M2W5X5C)+=7A6,DMO<E-T4FXP,U5R5R]G3DIB5U9:5CDK2G)4-F5M1TIO,C-9
M37!X>D5X,$PV:'-R=4<X<S1,=4$X;V)I3EI9,CA6)B-X03MC0F@K0GIC>$YI
M,S!317A+26M/4EE(*V1E<D<R.'1W865J56952FAY1F5S8TY(8B]!26-P;4QQ
M-59'=3DP,V(R8FAW:5 X-"]94'=()B-X03MI1V$Y-#4R2W5X5C)+=7A6,DMU
M>%8R2W5X5C)+=7A6,DMU>%9,9%@X>#9,<$-G-FAD2D-X1E9I,V%1:C)2870Y
M3U-J06YK-4=$4S5-)B-X03MV,$,R3GEF;3$U6E9Y<7<S8F=F=$Q(2%$O=T1"
M4T$U8BM8:S=!9&E::4]C9FUF,4IL<&XU:&56=%%C4G)D9E8U5S9*8T0P+RM'
M,U0O)B-X03M!26))>7=Y1&HU=7I-*TU74EDX=#)29V=I;S9:531$94M(67$W
M1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T98=FXU4F%S8C=Y9D9!)B-X03LU
M<DQ94U!B;G@T+V)4.$AP.4=B3%-Y=49D>C(S675B:G=!9%DW344O3W955&-E
M84EB34@T3$LS545F-6-P3&XO04E8:FU.<7!82W4U)B-X03LP,V(K5SAW:B].
M2#,O9U!0<WAN4D]X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%9I;FYV>FMU
M9S)Q,CER4G14=49*:D(S16%D4%5))B-X03LO=T-):DQS5TQI.7IS*WIT0C0X
M<E P1#=F2C0Q8UA%.7I/.#EX23!S,&@U4U-/4U=*.7EC>E%+975H05)&055!
M<#175'-66FPU1S@Y)B-X03M83VQ8359H9E-'5%,U0T9"8F-W:SE'52]Y*TDK
M-TM-=4LY>'ID4C)J,F1(241+23EF,R]T97=G9VEO-EIH4$M.-&]D:7)S5F1I
M<G-6)B-X03MD:7)S5F1I<G-69&ER<U9D:7(P+SAJ3E(T86QQ5VY&='!O56Y1
M93A48U14+T%*1T1->E)Y,TEE:CEN<W9Q;$1V1G-0."]W0C4Y8C@U)B-X03LV
M=DQ7=D<T84MV.$%X:'!&+W=!85I2;4YZ3'$K,#4X5V]M9D]V;'-K1U9/03=&
M6%EQ-T9867$W1EA9<3=&6%EQ-T9867%S;&Q32THU)B-X03M:1'AJ:E5S-TAS
M04MK-'!!<S!(:U=N-D)Q;FYF5S=V5DI83G991U-H;5E6255F6FIJ2&-H859Z
M3DUX054Y5FLQ34Y(:D5"=D]V=U-Z)B-X03MA,R],4'EH1D5%:W1(;EED6DI*
M6D%X+S1":U@X36]/951P-61R-F=N63$X07@S>E@K5CA-3G)*96%)6$Q2071*
M6G5E5E9(6# R-C%()B-X03MG975763@K.49Z.48R=U1,:'DY978V,VTK6E0P
M3'-693<K4C<R4S@X<6%B4$E36#E->&MN<69367@Q+S143F9L1E-,>%!A1TU1
M>GE!)B-X03LW+W8S5#-+,T-D:7)S5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER
M3&9Y<790<3-N:7="3D5N17-,9C=+3FEV+T1!6F9P>E5W-UAS8DIW)B-X03LV
M:5!N62MX:F5Q5$=F53=Y8SE:6C5(4"MY8VYT;$I.;'=.4DLX:VHO045J.39'
M=TY,<U9D:7)S5F1I<G-69&ER<U9D:7)S5F1I<6QD)B-X03M7,$8Q8E,R,#8X
M-$HP84]62VM65FA1:6]O9'AH0G!N0UII45)Z0VYP,FY7;6Y7559L85(K;F)W
M:6E,,39M<'%4,4I/36E38DMC=5=7)B-X03M34FQ,;5549V$S67$X13@T,D5D
M:#5N,4<R:DA'3EIE84PR06M!:T%(>35:<V-:=4EE,S!'47IW>$HW=G4R4V)*
M=5DY,CAI5W(R,VQ,)B-X03M466Y"0DU:;#,X2EAA469G,F$O2V)K6&EU,%HX
M5V52."]U,E0W2S-"9&ER<U9D:7)S5F1I<G-69&ER<U9D:7)S5F1I<6-E5' O
M43@R)B-X03MA4$Q79T8U04=05#17:T-N.$1K.%HY43DW;6%#9D1N9V8V45-F
M24]'-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867$W)B-X03M&
M6&A(;FTU5S4X,C9L27 U05-I3W8O1TI21V8K235S35%Q264Q-TYH=S1):GDK
M+V1$95<Y1FTQ;E=B97=J0C1/,TMD>"MZ174W;C=T)B-X03MH-S1:>3128F)Q
M.5%-3TUY4'<Y-S,V3TY)-#%J:DA&14%61DA104-G1V$U-%EM>F$W1D1S5F1I
M<G-69&ER<U9D:7)S5F1I<G-69&ER)B-X03MS5E)U:4]9.5IS2$A63&U&:%AP
M55-!-4M03G8P<'),2"MS4'915U)A2%EQ-T9867$W1EA9<3=&6%EQ-T9867$W
M1EA9<3=&6%EQ-T95)B-X03MR.'EA,49O,FI83BLY3V%,4T9$*S%),GE,.2]8
M,GEC23A2<'ED3'!Z;'E#22]!94)%>E1Z13=Y5%-T,C-:;5DO:5-C,D0S1S!2
M,T%0)B-X03MA9DEF;%%A1G!V<5A#:CE),U%$5&YR=U@Y;4U(,C<K*UE/6$IX
M2'EE43=3,79J5#(K9V-V,7-O>7 Q<G-69&ER<U9D:7)S5F1I<G-6)B-X03MD
M:7)S5F1I<G-69&EQ3C!21$IR3F=G-G9C=W%+.4MM441*4C5T*VQ&-5DO,6@Y
M-FYQ:TIG,4\X9U!72V521"]S6$DW64-+2TY21W-K)B-X03MH+U-0,V]B03!U
M>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8T>BM9=FUK879Q9C%3
M,F5T:%I%<6A(4C5/:E X=7DO=T)U)B-X03M:=4A(470V-W-R4BM&1&EL.55V
M=5I**UA0:VHV<W-E=&%L2"]!2U%W-5=C1$0W04DO=D=(.'@W1'0X*VQE8DQE
M=V1F,G(R:'AF=31()B-X03MB<5AO5UEZ;UA9<3=&6%EQ-T9867$W1EA9<3=&
M6%EQ-T9867$W1EA9<6Y(:S9$,2].;6IX57%$95%&:#$K1EI!>"]!6E!'4%50
M935M)B-X03MG:'A:-$0K:T9F>B]!1V8Q5'IN<3A62V-R:'!A9CA:<5,O.$%'
M*U-Z0W!L;C)N1&@Q17@U,S@Y,&=Y<'=(67$W1EA9<3=&6%EQ-T98)B-X03M9
M<3=&6%EQ-T9867$W1E=$9FU4-75';C)H,&UZ96PY8W(K+V14=D9%9BM.;B]6
M.4=:1T1(6G-U-3=*,%!I4S0U9E-0=$M59FPU-48Y)B-X03MC>&%Z<6MF-VMF
M1F%7>D0W9FA)-% W4#AO-R],<DQ.;#9">2LQ3S!A=DA$;C%0-DAQ1UER>F)S
M5EDO<&YM:CE)*UHW-U-R94Y7=&)')B-X03M/<C-)3E-:95%"541P4590,UI:
M3$A545A/>390=SA-6FLW>39E5$E-<F-&,DMU>%8R2W5X5C)+=7A6,DMU>%8R
M2W5X5C)+<W0O2W%Z)B-X03LK<RME3$%K5E-!4WI.+W-9,D,O.$U2;"MN1GI$
M=&5X<V9&<4DK5FXW13 O3W94:F(K84EB=T0T3#(S56LO=T-815-H+S18:FMT
M5D=P)B-X03M8,W52,B]I<DU*9GIH.3,T1'HW35HP5'-69&ER<U9D:7)S5F1I
M<G-69&ER<U9D:7)S5E-4>EHU;70Y03!X<FAQ4&135E<Q:% W5"M*)B-X03LO
M=T%L92M7631C4F-Z4F%1-34P3UA6-&<K;S--=6]N54QI;'IC32]Q=C9W-4MZ
M5G(X4RM(=#!Z3S1D<65Y1T5#2$%.:#5-:T@U;RMA)B-X03MG2T(T04(P2'!$
M*W56*T)&,3,X:EE04#5T+SA!2S!V3F8X.% O26]F,7@X0TLO>4YG."]M:#<S
M.'E03F0Q03!*=59H5G=1>E%O<7-1)B-X03MF.')C:C9-27=X1%IJ-TIW4DXQ
M9G9:6"M4.7!X<TY1=E-.-5I5:4(O-'AR>5 O2GI+9%%D=TA79'5Z.6-9.7=V
M-2\R4%%S>&Y1=7A6)B-X03LR2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6-F8K
M4FUN8SE3,4Q54W4P34M1269E5G52<"]Y3$=:;6IJ=5,Y2#=067962V9C2U0O
M=T1/)B-X03MV4U1C*UA)3E%2879P.#-X2'=J;6]R9CA/17EZ5GAU3CEZ;F1V
M665,0TIF>E0Y:"]!94DU<C-J;EEQ-T9867$W1EA9<3=&6%EQ-T98)B-X03M9
M<3=&54AQ,G%796PR170Y9'9W:&A&5#1S97EQ3S5*>559:VUG,C1C37-K:$=0
M379#=DU7=EAM=6%N2F4S2F]$.$U-44Y22$=/:6HK)B-X03M0=FUF0T%I2V4Q
M,'5M:FAH=VHT*V%76DYY6%EQ-T9867$Y=2],<7HK<F55<D]O;S@O3UIV.6UX
M-"]W1$-G6F=::F-N:F4Q36Y&;FPU)B-X03MB36UY<#%Z<U9D:7)S5F1I<G-6
M9&ER<U9D:7)S5F1I<G-692MF;$9P2G-F2CA5-VEK="]).7=F2&HY:%!W4W8P
M-7-T3$=O6#-V8F1I)B-X03LT941!1#%L=7EJ5W1-:3%84TQZ5'!D:W5O;6DU
M9GEL:#A,9C=%-S5F3U!%0TA9-3A1>5%-5#%$-69U8F5A,G5:8F%D944P1'1(
M2V@V)B-X03MH:U!&:#DT>E1K52MD>F=9>4U4>D-N9UE/>%8R2W5X5C)+=7A6
M,DMU>%8R2W5X5E)U<D\P=31J1&1W4C-%2DE*:FQ66%=O-D=J06I#)B-X03M#
M4GE:=VY+2G5*;RM30R]W>C5B+T%/<E1:+SA!4U!&+WI4:W5/6&4S9FY-,S@K
M6'I,=CA!1%!L=B]Q,#)F+U-01B]Z5&IX>3<Q+T]:)B-X03MV-3AV;5AF-%HX
M="\Y5VUZ+W=#:V5,+VUN2&IL,W(K8WIF>C5F374O=WHU8B]W0W)46B\Y23A8
M+T%$5&IX>3<Q+T]:=C4X=FU89C1:)B-X03LX="\Y5VUZ+T%/:V5,+VUN2&IL
M,W(K8WIF>C5F37!H1D1&1$5K54M,2$9'07%2;T%Q<6\R04%'=T=12F%*4TI.
M;FUV>%EU>%8R2W5X)B-X03M6,DMU>%8R2W5X5C)+=7A6,DMO<E-T3VXQ3%5R
M5W=G1EIB<599;#EU4G!8-D]U1TES,#-935)Y5$5",4PV:'-R4T=Z<S1,4T%C
M66)E)B-X03M.66\Q.$910E(K07IC>$9#;C!314)'26E/459S3$HT8BMC9FPP
M,DAM0F15:5=L='%3.&U)-D-D04$T+S)1;S,S-7)D5D-P6#-V261U)B-X03LV
M6&=Y.%DU4RLY9T=9>F]N67$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T98
M67$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T98)B-X03M9<3=&6%EQ.4PO
M2E1Y-F)J53=J6$IL+V,R63E',DI(5V%19D52+W%P+W=!4WI,,&M,3CEZ,%A9
M1VQU4GE(<'-09BM0=F5Z6G-(<6Y9)B-X03MQ:U!N8GDS2#5H.'981FI19E=6
M2'$R8DAA:WE!.&0O.')D5#@X<7I9*TM.3TAR=$M-*TEX-CE092MB<$DU27!'
M:FM5<$EH2W5P,DE))B-X03M.0T1M<&5";$5G,&5A,T9I-T9867$W1EA9<3=&
M6%EQ-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&
M6%EQ)B-X03LW1E93,71P-W$U:71R9$1*4$\V>'A2:G%Z36%!9F9H071N0T)L
M25)(379P:GEV;TU/:&%&86%:1E%M1DMZ3U R-5<S9'9P8G W6G1S)B-X03MC
M3T=.4&]/;# T=S1X061%,7EX>4A9<3=&6&I(-7AE541A6'<X=U=I9C9.9'-&
M=D9!*WA.,F8U4"MV-35R.59I;SA1-G9+9'5A3&AL)B-X03LT<V52-2LO=BM,
M>EA-4C4U,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X
M5C)+=7A6,DMU>%8R2W5X5C)+=7A6)B-X03LR2W969GEA.&]&-4<X>5AI9D%N
M2U!4,5!D=G-V3#E(,E(Y3UIM;'AF>$8V8G-,42\U85@K8BMT-C5M93E--T98
M67$W1E50<4]N,FUO)B-X03LR33EJ9&]*3&$T47AY;V4T4&@T16118T5O9VEI
M=WE9-'II67DU1C@T96(O2SDU-6,Q;5=W;G$X2BM/,6YP45-213=(-6IO=SAC
M,4]4)B-X03M'64=N9SED;S5936Y#95A1*U-3-5<T5'-69&ER<U9D:7)S5F1I
M<G-69&ER<U9D:7)S5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9D)B-X03MI
M<G-66D(U23AP6%AM6%=%=&QQ;&Y&4C<R8V9S>#$V1"]+8F]0=GDS1FI->E1N
M.6XV239J2E@X235V;WDP=&)E,'19<E<R45)144E))B-X03LT;S$V2W%I9T=B
M54-H464W:$%204$U0E9W<VY9<3=&6%EQ-T95:C@T954W3'I,<$Q78SE%=45Q
M.7!C57%9-4MF.%)0-U%Y<DQI17A4)B-X03MI83-2>'IW-%1Z-DAU9D\R<C94
M9C94<44Q:&921TLU:$Y'0C9%9&U5.3%0635Q-5))3D8T5%!G;&EM67E'-%%E
M4F%867$W1EA9<3=&)B-X03M867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ
M-T9867$W1EA9<3=&6%EQ:G1$,%153F$Q2TA4<D-0;E!+97 R5E9(,FY9.6Q'
M4VA!)B-X03MY3D)V,"MN;&UM25(U;#E&*U9V3$9H-60P;4]W=$)Y8C=6>$]2
M4G!:1#%9+W=(65IT8U=-449"-WI385=/0T%J2"LQ3TUS8VPR2W5X)B-X03M6
M,DMU>%8R2W5X5FIF;F)Y5%EE6C=$9SE)9%%H0BMQ6&1.=V8U2#A54#1D4FQ/
M8D-*:GIC2%@V0T]O:E(R:T]29E R<F%2<4=K,SAT)B-X03MJ9G=M1S5I3D-P
M-D5D;54Y,5!9-7)*4DE.1C1F4&=N:6M9>49&0C5&<&1I<G-69&ER<U9D:7)S
M5F1I<G-69&ER<U9D:7)S5F1I<G-6)B-X03MD:7)S5F1I<G-69&EQ3S!84F13
M,6Y523=$5#143E!*-&9:5F4W=68R5DAJ:V]X36I18CE0<#4U<$--0EIF45AK
M>GE:<"]L:E0O4FAP)B-X03M,97EG1S=U>5!I9'9!94-J<TTR;4Q%241Z930P
M3VAH<#154'$V;&M/5W5A-T9867$W1EA9<3=&6%EQ-T9867%K9FUZ>69P4&U7
M>3E#)B-X03LX6&AC240Y6'4P03E336XY82M+-59L>$-9,V-45V%+1V5.4S4Y
M1#-00E!.2&Q$5V9,;#4V1B]&5T9Y9E%U:W%9<$%003EJ-'%D.#%U)B-X03M4
M1UE(9#1V5V%(2F=L575843E%;'ET=VY9<3=&6%EQ-T9867$W1EA9<3=&6%EQ
M-T9867$W1EA9<3=&6%EQ-T9867%N=FQ8>6)R2&U3)B-X03LW.4MY5&AB;U(V
M.3(T4'!O4&XS8B]*1U=9.%)M9&Y/,%=G>6%G,4@V97!E.656=DME:RM7-T%7
M,6EL6EAO8FDV640Q2D=(:69$=UAT)B-X03MM>G@T:$%B4&%A5%)W=U(T66HS
M;G%5-GEX>6Y9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T954'%';E=/;S)J,FPY
M06QX8E-#:GA30V]0)B-X03MV-T5D:4U%;V=I:7=Y631Z:G=Y1F@U1#5W+THR
M.71#.3,U9DQ89'0Q87I9+W9K+S%$*S)0>"ME64=84VMB>#-E63%V66-O*W)&
M=4\W)B-X03MR.$\Y-71*2$I&23!C:6Q*14Y'4F=145(R24]9:GHX;VM':GI7
M-'-867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867%U:6EL)B-X03MM
M:U=+2D=K;&,X55)!5UEK.6="=6-755EK;6AU6'!F:R]W1$IY-W53;#4U:$IT
M<F9Q=&EP+V5T+W)S4'-$,C8O3$UV1G!39#50439,)B-X03MS36XQ6F1H,V9R
M974R3FI:,D9R2&$R8TM7.79%2TI&1TM!6FYX:4%+1# P25)G2VE+0W9H6G5X
M5C)+=7A6,DMU>%8R2W5X5C)+=7A6)B-X03LR2W5X5C)+=7A6279-;FMN>3DU
M:%$O6#=90S5P4F)Y2VE40VY4-'%F1CAM0D=66DU-6F,S1#%7:'A:>#9H=C,Y
M6&Q8;4PX;E!-1F=7)B-X03ML,'1L,4LR1S169F=N03DP3WIF-T4O4FU&4%-Y
M2$QD-7I69&A:66)W.5$K,6=L>&)83G1-,$9Z13A%>6)01DEP4F=F9%=O8WAY
M2V1,)B-X03M/16]M<$-I<#1'1'-69&ER<U9D:7)S5F1I<G-69&ER<U963&$Q
M=6)Q6EEB84HU-6XR5TM.4S=(-4MT5&A!=&Y#17!';VEY>GIY-RM4)B-X03MF
M;4,O2WDV;S8V8F)':$M':GI%9C9G3D8O=T)K9F]Z26AP6DAN<S=R5&1H6DHW
M>E!#4'1E<2M7+TI8;#=Y.&XK-"LS2#%G:6HS8W9X)B-X03MY="]S=3-Y54%:
M;30X35DX;G!.3&]C5T%E9V(Y+U90371C=#)+=7A6,DMU>%8R2W5X5C)+=7A6
M,DMU>%8R2W5X5C)+=7A6,DMU>%8R)B-X03M+;TQ5.48P;E999E,Q1S!I=6M(
M,F9554U2+W%T,5@V36I+06QZ1%9L=U%Y0W!!1FA7<F9K<#5B=5-Z-F903G W
M;71&<C8P62\R3&M0)B-X03LO=T%0;4Y,4U)03%HQ3V)S2$1,-E-9+V%0>#A7
M239H*U-N;6E!:S)C.79E2C)!67A0.7I$:B]W,E5Y,&MH>3-D6&PW07I$-E-*
M9EEX)B-X03LR.#AG96,W4W9Q-E)C3E1R-E,K="]W06UI*U9(1$UD2$)N,EIQ
M23@T2#1B+T%(2E1.<&5P=T=K.6Y0169"-#-8,S=J2WE#2$=L<#AG)B-X03LU
M>&PX:6AS1%,W1E541'!E<'IM:T9N4$MF0DDS8C,W1$-!4S-2,"M1.&]Y*U)4
M87HX9V5C-W5N<&%28TQ8<#9Q*VHO>61+6EE-37HP)B-X03MC;4A:;6]L>6=F
M:G0Y-TET4"]*5'I23U%B>64S<S W9W-:6"LU4G@O-&),23934C4W3V9I-T%Y
M;C9I22]A>3=39GE6.'0R<%8Y46YM)B-X03LQ0G@Q5W9O>&XO67!6+SA!:#AY
M2393234W=7IW.6<T62]55$PW0BM0:7IB5$Y&,&Y3-&92,#8P:715-RMM;U5N
M+U=052]4;5)'06IY)B-X03M$='-71T=-5D5!27I*3G)S5F1I<G-69&ER<U9D
M:7)S5F1I<G-69B]:/"]X;7!'26UG.FEM86=E/@H@(" @(" @(" @(" @(" \
M+W)D9CIL:3X*(" @(" @(" @(" @/"]R9&8Z06QT/@H@(" @(" @(" \+WAM
M<#I4:'5M8FYA:6QS/@H@(" @(" \+W)D9CI$97-C<FEP=&EO;CX*(" @(" @
M/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*(" @(" @(" @(" @>&UL
M;G,Z<&1F/2)H='1P.B\O;G,N861O8F4N8V]M+W!D9B\Q+C,O(CX*(" @(" @
M(" @/'!D9CI0<F]D=6-E<CY!8W)O8F%T($1I<W1I;&QE<B Q,"XQ+CD@*%=I
M;F1O=W,I/"]P9&8Z4')O9'5C97(^"B @(" @(#PO<F1F.D1E<V-R:7!T:6]N
M/@H@(" @(" \<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@(" @(" @
M(" @("!X;6QN<SID8STB:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N
M,2\B/@H@(" @(" @(" \9&,Z=&ET;&4^"B @(" @(" @(" @(#QR9&8Z06QT
M/@H@(" @(" @(" @(" @(" \<F1F.FQI('AM;#IL86YG/2)X+61E9F%U;'0B
M/DUI8W)O<V]F="!7;W)D("T@4&]L87)I<R M($8M,2!,5R!$<F%F=" Q,BXQ
M,RXQ-U\Y-#<X,3(V-U\Q-U\P+F1O8W@\+W)D9CIL:3X*(" @(" @(" @(" @
M/"]R9&8Z06QT/@H@(" @(" @(" \+V1C.G1I=&QE/@H@(" @(" @(" \9&,Z
M8W)E871O<CX*(" @(" @(" @(" @/')D9CI397$^"B @(" @(" @(" @(" @
M(#QR9&8Z;&D^<G(R,#8P,S0\+W)D9CIL:3X*(" @(" @(" @(" @/"]R9&8Z
M4V5Q/@H@(" @(" @(" \+V1C.F-R96%T;W(^"B @(" @(" @(#QD8SIF;W)M
M870^87!P;&EC871I;VXO<&]S='-C<FEP=#PO9&,Z9F]R;6%T/@H@(" @(" \
M+W)D9CI$97-C<FEP=&EO;CX*(" @(" @/')D9CI$97-C<FEP=&EO;B!R9&8Z
M86)O=70](B(*(" @(" @(" @(" @>&UL;G,Z>&UP5%!G/2)H='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C O="]P9R\B"B @(" @(" @(" @('AM;&YS.G-T
M1&EM/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C O<U1Y<&4O1&EM96YS
M:6]N<R,B"B @(" @(" @(" @('AM;&YS.G-T1FYT/2)H='1P.B\O;G,N861O
M8F4N8V]M+WAA<"\Q+C O<U1Y<&4O1F]N=",B"B @(" @(" @(" @('AM;&YS
M.GAM<$<](FAT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]G+R(^"B @(" @
M(" @(#QX;7!44&<Z36%X4&%G95-I>F4@<F1F.G!A<G-E5'EP93TB4F5S;W5R
M8V4B/@H@(" @(" @(" @(" \<W1$:6TZ=SXR,34N.3 P,# P/"]S=$1I;3IW
M/@H@(" @(" @(" @(" \<W1$:6TZ:#XR-SDN-# P,# P/"]S=$1I;3IH/@H@
M(" @(" @(" @(" \<W1$:6TZ=6YI=#Y-:6QL:6UE=&5R<SPO<W1$:6TZ=6YI
M=#X*(" @(" @(" @/"]X;7!44&<Z36%X4&%G95-I>F4^"B @(" @(" @(#QX
M;7!44&<Z3E!A9V5S/C$\+WAM<%109SI.4&%G97,^"B @(" @(" @(#QX;7!4
M4&<Z2&%S5FES:6)L951R86YS<&%R96YC>3Y&86QS93PO>&UP5%!G.DAA<U9I
M<VEB;&54<F%N<W!A<F5N8WD^"B @(" @(" @(#QX;7!44&<Z2&%S5FES:6)L
M94]V97)P<FEN=#Y4<G5E/"]X;7!44&<Z2&%S5FES:6)L94]V97)P<FEN=#X*
M(" @(" @(" @/'AM<%109SI&;VYT<SX*(" @(" @(" @(" @/')D9CI"86<^
M"B @(" @(" @(" @(" @(#QR9&8Z;&D@<F1F.G!A<G-E5'EP93TB4F5S;W5R
M8V4B/@H@(" @(" @(" @(" @(" @(" \<W1&;G0Z9F]N=$YA;64^5&EM97-.
M97=2;VUA;E!3+4)O;&0\+W-T1FYT.F9O;G1.86UE/@H@(" @(" @(" @(" @
M(" @(" \<W1&;G0Z9F]N=$9A;6EL>3Y4:6UE<R!.97<@4F]M86X@4%,\+W-T
M1FYT.F9O;G1&86UI;'D^"B @(" @(" @(" @(" @(" @(#QS=$9N=#IF;VYT
M1F%C93Y";VQD/"]S=$9N=#IF;VYT1F%C93X*(" @(" @(" @(" @(" @(" @
M/'-T1FYT.F9O;G14>7!E/E1Y<&4@,3PO<W1&;G0Z9F]N=%1Y<&4^"B @(" @
M(" @(" @(" @(" @(#QS=$9N=#IV97)S:6]N4W1R:6YG/C P,2XP,#$\+W-T
M1FYT.G9E<G-I;VY3=')I;F<^"B @(" @(" @(" @(" @(" @(#QS=$9N=#IC
M;VUP;W-I=&4^1F%L<V4\+W-T1FYT.F-O;7!O<VET93X*(" @(" @(" @(" @
M(" @(" @/'-T1FYT.F9O;G1&:6QE3F%M93Y-5$)?7U]?7RY01D([($U40E]?
M7U]?+E!&33PO<W1&;G0Z9F]N=$9I;&5.86UE/@H@(" @(" @(" @(" @(" \
M+W)D9CIL:3X*(" @(" @(" @(" @/"]R9&8Z0F%G/@H@(" @(" @(" \+WAM
M<%109SI&;VYT<SX*(" @(" @(" @/'AM<%109SI0;&%T94YA;65S/@H@(" @
M(" @(" @(" \<F1F.E-E<3X*(" @(" @(" @(" @(" @/')D9CIL:3Y#>6%N
M/"]R9&8Z;&D^"B @(" @(" @(" @(" @(#QR9&8Z;&D^36%G96YT83PO<F1F
M.FQI/@H@(" @(" @(" @(" @(" \<F1F.FQI/EEE;&QO=SPO<F1F.FQI/@H@
M(" @(" @(" @(" @(" \<F1F.FQI/D)L86-K/"]R9&8Z;&D^"B @(" @(" @
M(" @(#PO<F1F.E-E<3X*(" @(" @(" @/"]X;7!44&<Z4&QA=&5.86UE<SX*
M(" @(" @(" @/'AM<%109SI3=V%T8VA'<F]U<',^"B @(" @(" @(" @(#QR
M9&8Z4V5Q/@H@(" @(" @(" @(" @(" \<F1F.FQI(')D9CIP87)S951Y<&4]
M(E)E<V]U<F-E(CX*(" @(" @(" @(" @(" @(" @/'AM<$<Z9W)O=7!.86UE
M/D1E9F%U;'0@4W=A=&-H($=R;W5P/"]X;7!'.F=R;W5P3F%M93X*(" @(" @
M(" @(" @(" @(" @/'AM<$<Z9W)O=7!4>7!E/C \+WAM<$<Z9W)O=7!4>7!E
M/@H@(" @(" @(" @(" @(" \+W)D9CIL:3X*(" @(" @(" @(" @/"]R9&8Z
M4V5Q/@H@(" @(" @(" \+WAM<%109SI3=V%T8VA'<F]U<',^"B @(" @(#PO
M<F1F.D1E<V-R:7!T:6]N/@H@(" @(" \<F1F.D1E<V-R:7!T:6]N(')D9CIA
M8F]U=#TB(@H@(" @(" @(" @("!X;6QN<SIX;7!-33TB:'1T<#HO+VYS+F%D
M;V)E+F-O;2]X87 O,2XP+VUM+R(*(" @(" @(" @(" @>&UL;G,Z<W12968]
M(FAT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]S5'EP92]297-O=7)C95)E
M9B,B"B @(" @(" @(" @('AM;&YS.G-T179T/2)H='1P.B\O;G,N861O8F4N
M8V]M+WAA<"\Q+C O<U1Y<&4O4F5S;W5R8V5%=F5N=",B/@H@(" @(" @(" \
M>&UP34TZ1&5R:79E9$9R;VT@<F1F.G!A<G-E5'EP93TB4F5S;W5R8V4B/@H@
M(" @(" @(" @(" \<W12968Z:6YS=&%N8V5)1#YX;7 N:6ED.CDX.$(V0SDP
M-4%%,$4W,3$X13-$.$%&-4(V.4%!1C8Y/"]S=%)E9CII;G-T86YC94E$/@H@
M(" @(" @(" @(" \<W12968Z9&]C=6UE;G1)1#YX;7 N9&ED.CDX.$(V0SDP
M-4%%,$4W,3$X13-$.$%&-4(V.4%!1C8Y/"]S=%)E9CID;V-U;65N=$E$/@H@
M(" @(" @(" @(" \<W12968Z;W)I9VEN86Q$;V-U;65N=$E$/GAM<"YD:60Z
M.3,X0C9#.3 U044P13<Q,3A%,T0X048U0C8Y04%&-CD\+W-T4F5F.F]R:6=I
M;F%L1&]C=6UE;G1)1#X*(" @(" @(" @(" @/'-T4F5F.G)E;F1I=&EO;D-L
M87-S/F1E9F%U;'0\+W-T4F5F.G)E;F1I=&EO;D-L87-S/@H@(" @(" @(" \
M+WAM<$U-.D1E<FEV961&<F]M/@H@(" @(" @(" \>&UP34TZ1&]C=6UE;G1)
M1#YX;7 N9&ED.CDY.$(V0SDP-4%%,$4W,3$X13-$.$%&-4(V.4%!1C8Y/"]X
M;7!-33I$;V-U;65N=$E$/@H@(" @(" @(" \>&UP34TZ26YS=&%N8V5)1#YX
M;7 N:6ED.CDY.$(V0SDP-4%%,$4W,3$X13-$.$%&-4(V.4%!1C8Y/"]X;7!-
M33I);G-T86YC94E$/@H@(" @(" @(" \>&UP34TZ3W)I9VEN86Q$;V-U;65N
M=$E$/GAM<"YD:60Z.3,X0C9#.3 U044P13<Q,3A%,T0X048U0C8Y04%&-CD\
M+WAM<$U-.D]R:6=I;F%L1&]C=6UE;G1)1#X*(" @(" @(" @/'AM<$U-.DAI
M<W1O<GD^"B @(" @(" @(" @(#QR9&8Z4V5Q/@H@(" @(" @(" @(" @(" \
M<F1F.FQI(')D9CIP87)S951Y<&4](E)E<V]U<F-E(CX*(" @(" @(" @(" @
M(" @(" @/'-T179T.F%C=&EO;CYS879E9#PO<W1%=G0Z86-T:6]N/@H@(" @
M(" @(" @(" @(" @(" \<W1%=G0Z:6YS=&%N8V5)1#YX;7 N:6ED.CDS.$(V
M0SDP-4%%,$4W,3$X13-$.$%&-4(V.4%!1C8Y/"]S=$5V=#II;G-T86YC94E$
M/@H@(" @(" @(" @(" @(" @(" \<W1%=G0Z=VAE;CXR,#$W+3$R+3$T5# T
M.C4R.C4S*S U.C,P/"]S=$5V=#IW:&5N/@H@(" @(" @(" @(" @(" @(" \
M<W1%=G0Z<V]F='=A<F5!9V5N=#Y!9&]B92!);&QU<W1R871O<B!#4S8@*%=I
M;F1O=W,I/"]S=$5V=#IS;V9T=V%R94%G96YT/@H@(" @(" @(" @(" @(" @
M(" \<W1%=G0Z8VAA;F=E9#XO/"]S=$5V=#IC:&%N9V5D/@H@(" @(" @(" @
M(" @(" \+W)D9CIL:3X*(" @(" @(" @(" @(" @/')D9CIL:2!R9&8Z<&%R
M<V54>7!E/2)297-O=7)C92(^"B @(" @(" @(" @(" @(" @(#QS=$5V=#IA
M8W1I;VX^<V%V960\+W-T179T.F%C=&EO;CX*(" @(" @(" @(" @(" @(" @
M/'-T179T.FEN<W1A;F-E240^>&UP+FEI9#HY.3A"-D,Y,#5!13!%-S$Q.$4S
M1#A!1C5"-CE!048V.3PO<W1%=G0Z:6YS=&%N8V5)1#X*(" @(" @(" @(" @
M(" @(" @/'-T179T.G=H96X^,C Q-RTQ,BTQ-%0P-#HU-CHQ,BLP-3HS,#PO
M<W1%=G0Z=VAE;CX*(" @(" @(" @(" @(" @(" @/'-T179T.G-O9G1W87)E
M06=E;G0^061O8F4@26QL=7-T<F%T;W(@0U,V("A7:6YD;W=S*3PO<W1%=G0Z
M<V]F='=A<F5!9V5N=#X*(" @(" @(" @(" @(" @(" @/'-T179T.F-H86YG
M960^+SPO<W1%=G0Z8VAA;F=E9#X*(" @(" @(" @(" @(" @/"]R9&8Z;&D^
M"B @(" @(" @(" @(#PO<F1F.E-E<3X*(" @(" @(" @/"]X;7!-33I(:7-T
M;W)Y/@H@(" @(" @(" \>&UP34TZ4F5N9&ET:6]N0VQA<W,^9&5F875L=#PO
M>&UP34TZ4F5N9&ET:6]N0VQA<W,^"B @(" @(#PO<F1F.D1E<V-R:7!T:6]N
M/@H@(" \+W)D9CI21$8^"CPO>#IX;7!M971A/@H@(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @
M(" @(" @"CP_>'!A8VME="!E;F0](G<B/S[_VP!#  $! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0'_VP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1"  ? !\# 1$  A$!
M Q$!_\0 &  ! 0$! 0              "@@& P7_Q  H$  " @(" 00" @,!
M       $!0(# 08'"!, "1$2%"(5(18D,U/_Q  < 0 !!0$! 0
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M9=:X\5E3Q3,Z]E4'8H,:UBUV%L;6:4+L+U&YTZON[$O+FL+U6,S_ -!HJV1
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'UKFD77__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>48
<FILENAME>g494294g83z53.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g83z53.jpg
M_]C_X  02D9)1@ ! 0(!>@%Z  #_X5/;:'1T<#HO+VYS+F%D;V)E+F-O;2]X
M87 O,2XP+P \/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(
M>G)E4WI.5&-Z:V,Y9"(_/CQX.GAM<&UE=&$@>&UL;G,Z>#TB861O8F4Z;G,Z
M;65T82\B('@Z>&UP=&L](EA-4"!#;W)E(#4N,2XR(CX*(#QR9&8Z4D1&('AM
M;&YS.G)D9CTB:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN
M=&%X+6YS(R(^"B @/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*(" @
M('AM;&YS.GAM<#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O,2XP+R(*(" @
M('AM;&YS.GAM<$=);6<](FAT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]G
M+VEM9R\B"B @("!X;6QN<SIP9&8](FAT=' Z+R]N<RYA9&]B92YC;VTO<&1F
M+S$N,R\B"B @("!X;6QN<SID8STB:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE
M;G1S+S$N,2\B"B @("!X;6QN<SIX;7!44&<](FAT=' Z+R]N<RYA9&]B92YC
M;VTO>&%P+S$N,"]T+W!G+R(*(" @('AM;&YS.G-T1&EM/2)H='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C O<U1Y<&4O1&EM96YS:6]N<R,B"B @("!X;6QN
M<SIS=$9N=#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O,2XP+W-4>7!E+T9O
M;G0C(@H@(" @>&UL;G,Z>&UP1STB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O
M,2XP+V<O(@H@(" @>&UL;G,Z>&UP34T](FAT=' Z+R]N<RYA9&]B92YC;VTO
M>&%P+S$N,"]M;2\B"B @("!X;6QN<SIS=%)E9CTB:'1T<#HO+VYS+F%D;V)E
M+F-O;2]X87 O,2XP+W-4>7!E+U)E<V]U<F-E4F5F(R(*(" @('AM;&YS.G-T
M179T/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C O<U1Y<&4O4F5S;W5R
M8V5%=F5N=",B"B @("!X;6QN<SI%>'1E;G-I<T9O;G1396YS93TB:'1T<#HO
M+W=W=RYE>'1E;G-I<RYC;VTO;65T82]&;VYT4V5N<V4O(@H@("!X;7 Z0W)E
M871E1&%T93TB,C Q-RTQ,BTQ-%0Q-CHR,SHQ,BTP-SHP,"(*(" @>&UP.D-R
M96%T;W)4;V]L/2)!9&]B92!);&QU<W1R871O<B!#4S8@*%=I;F1O=W,I(@H@
M("!X;7 Z36]D:69Y1&%T93TB,C Q-RTQ,BTQ-%0Q-CHR,SHQ,RTP-SHP,"(*
M(" @>&UP.DUE=&%D871A1&%T93TB,C Q-RTQ,BTQ-%0Q-CHR,SHQ,RTP-SHP
M,"(*(" @<&1F.E!R;V1U8V5R/2)!9&]B92!01$8@;&EB<F%R>2 Q,"XP,2(*
M(" @9&,Z9F]R;6%T/2)A<'!L:6-A=&EO;B]P;W-T<V-R:7!T(@H@("!X;7!4
M4&<Z3E!A9V5S/2(Q(@H@("!X;7!44&<Z2&%S5FES:6)L951R86YS<&%R96YC
M>3TB1F%L<V4B"B @('AM<%109SI(87-6:7-I8FQE3W9E<G!R:6YT/2)4<G5E
M(@H@("!X;7!-33I$;V-U;65N=$E$/2)X;7 N9&ED.D9&03DW03@X,C5%,44W
M,3%!,3DT049%-3(U,D-!,3=$(@H@("!X;7!-33I);G-T86YC94E$/2)X;7 N
M:6ED.D9&03DW03@X,C5%,44W,3%!,3DT049%-3(U,D-!,3=$(@H@("!X;7!-
M33I/<FEG:6YA;$1O8W5M96YT240](GAM<"YD:60Z.3,X0C9#.3 U044P13<Q
M,3A%,T0X048U0C8Y04%&-CDB"B @('AM<$U-.E)E;F1I=&EO;D-L87-S/2)D
M969A=6QT(CX*(" @/'AM<#I4:'5M8FYA:6QS/@H@(" @/')D9CI!;'0^"B @
M(" @/')D9CIL:0H@(" @("!X;7!'26UG.G=I9'1H/2(R-38B"B @(" @('AM
M<$=);6<Z:&5I9VAT/2(R-38B"B @(" @('AM<$=);6<Z9F]R;6%T/2)*4$5'
M(@H@(" @("!X;7!'26UG.FEM86=E/2(O.6HO-$%!45-K6DI29T%"06=%05-!
M0DE!040O-U%!<U5':'9D1SEZ84<Y=TE$375-04$T46ML3D$K,$%!04%!04)!
M05-!04%!045!)B-X03M!44))04%!04%104(O*S1!1&M&:V(R2FQ!1U1!04%!
M04%F+V)!25%!0F=114)!545"9U5&0F=K1T)164I#=V='0F=G3$1!;TM#=V]+
M)B-X03M$0D%-1$%W341!=U%$031014$X3T1"351&0E%417AW8D=X<V-(>#AF
M2'@X9DAX.&9(=T5(0G=C3D1!,%E%0D%91VA54D92;V9(>#AF)B-X03M(>#AF
M2'@X9DAX.&9(>#AF2'@X9DAX.&9(>#AF2'@X9DAX.&9(>#AF2'@X9DAX.&9(
M>#AF2'@X9DAX.&8O.$%!15%G0D%!14%!=T52)B-X03M!04E205%-4D%F+T5!
M84E!04%!2$%114)!445!04%!04%!04%!05%&07=)1T%104A#06M+0W=%04%G
M241!445"05%%04%!04%!04%!)B-X03M!44%#07=11D)G8TE#46],14%!0T%1
M341!9U%#0F=C1$)!24=!;DU"06=-4D)!049)4DEX459%1T4R16EC645537!'
M:$)X5WA1:5!")B-X03M5=$AH37A::3A#4GEG=D5L47I25&MQ2WE9,U!#3E51
M;FLV3WI.:&156DA41#!U24E*;TU*0VAG6FA*4D92<5,P5G1.5DM"<GDT+U!%
M)B-X03LQ3U0P6EA71FQA5S%X9%AL.5=:,FAP86UT<V)7-799,U(Q9&YD-&58
M<#=F2#$K9C-/16A984AI26U+:31Y3FIO*T-K-5-6;'!E66U:)B-X03MQ8FY*
M,F5N-4MJ<$M7;7 V:7!Q<75S<F$V=F]204%)0T%1241"455%0E%914-!341B
M445!06A%1$)#15--545&55).:$EG6GAG6D5Y)B-X03MO8DAW1DU(4C133D-&
M5DII8W9%>DI$4D1G:&%357E7:5DW3$-",U!33F5*16=X9%5K=V=*0VAG6DIJ
M6D9':61K9$95,SAQ3WIW>6=P)B-X03LP*U!Z:$I3:W1-5%4U4%)L9%E75G!B
M6$8Q95@Q4FQ:;61O85=P<F)',75B,E(Q9&YD-&58<#=F2#$K9C-/16A984AI
M26U+:31Y3FIO)B-X03LK1&Q*5U=L-6E:;7!U8VY:-F9K<4]K<&%A;G%+;7%Q
M-GET<G$K=B]A04%W1$%104-%44U2040X03E5-'$W1EA9<3=&6%EQ-T9867$W
M)B-X03M&6%EQ-T951G%E=&%2<%58<39J95)7<4@W4'%S1DQF-G$Y5RMJ27EM
M23AY,5IC.$U9=5)!659Q,S4Q*U<W67-M;G=486<T<E)Q96I')B-X03MF.6LT
M3"\X04-::E,Q8U)Y,V14;3=E=W@K:T=8,D0X9D)I3V\O;E@U;VY*1FY$8C)A
M9&E&37)J-EA02"]!25A+2F%Q4C5B3W)Y.78U)B-X03MJ.4E%9G0O2'E9-V5E
M9CA!>FYD,3E85C=H83EF4V(P9BM4451+>FUM97)G>C=4,45U8WHX3G9U4VUB
M5DY4;DY:-WEE52M,>4\S=#-/)B-X03M6:VMU3DQ56D1Z;$PU;$191VPR2V]M
M2%9.5&=.64QY94DK2U-/=G0R3T5%:'5J<4UG-5-L.'EM,6XU+S@U,FQ04S%E
M-&%N5#%7.6(O)B-X03M!2D]H.'-'85DV=51$=%!54C544'@S*SEK5VXO04HQ
M*V%)0T)E45<Y-&YC;%1%+S-Q95 O04%U5U(Q8VAZ,V,O1C(O;$@Q05,K>&PR
M)B-X03MK+VY6-6)U:7%A:$).<#=N<3%05VI(*WE3:B\X2FU22%9X4%!:,F5(
M=#=$3#9G62]A4'@X1V)A6G)7:S9P1#8R;EAC5C!N9C R1$5F)B-X03LV=S9J
M-F-Y27I%=5)D=&EZ47E#-&M&1UI*=&1I<G-69&ER<U9D:7)S5F1I<G-69&ER
M<U9D:7)S5F1I<G-69&ER<U9D:7%1*UI03S-L)B-X03LW>3E'9G(Q=T=U8597
M>FEO.'AR,"M'=G<O3FE-<7E:;W@U=4AQ=&1I=T0Q2&9U-G9++TU8-7@K64PX
M=$9P87)P='-D9WDP96-J,V-I)B-X03MI+S=%9E1M1E!64U!,6C5Z5F1U-5HW
M43E)*S%G;'AC,TYZ33 Y>DLX.'HW=DQ)>&1I9F1M<6-X>6)D3$]C<$<U1WEP
M-$=$<U9D:7)S)B-X03M69&ER<U9D:7)S5F1I<G-65DQA-G5B5UI:<F%6-$IK
M,U=73FEJ1#5-=$1H0G!N0V-O;31M:7IZ>3<K8VYM0W=+>&%O:39L8D-G3&UI
M)B-X03M4068V-$9'+S)1*VY-:4=Q:T]E-W5T3C(W:VAT36-1*S$V<C5B.#8K
M6'9-2V8W:C=G9E=!2W9A4R]"2W8K>#<O0415:UIM-#@P6F-N)B-X03MP3DQR
M<U=C96<W.3-64$UT8W0R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R
M2V]F54Y2<V1/=$AU-S9D3&4R:D98;&M.05!B)B-X03LS2C=!64I3049L:&MY
M4FA(:6MA1'E(>F8K8U8Y9&PW5'DK1W1,8F-.94U0,WHO-F<O64@T+TQ-1$QQ
M:61O-U!-83-T>55V5&DR2&8Q)B-X03LK2&,X,FMK:VQK85-2:3AJ;7)/>$I*
M2C=K;DU2-2M5:51:-7)C5TQS5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9D
M:7)S5EA24WEW)B-X03MY3$Q%-U)Y;V533VA+<T-/-$DS1TQ+36E$63),,'9Y
M9BMC9#-B1DQ0>D-$8S(O4F(U4BLY6"]8569B2'8Q*V5:94Q616)396@P6&)H
M)B-X03M(<'DW:G8X03%V6&)'*W,W*S%J=7)/6DQI,VQ&56QJ3E%C>C1Y0D9H
M-F%%-'I&>$YH6'=S,UEQ-T9867$W1EA9<3=&6%EQ-T9867$W)B-X03M&56HX
M,F5C3DHX=%=8<C-J8S=H=V9Q.6]H2'%3169Q6'AB2W-U55%'-VEA>E=W=U)U
M6%!O3SDT2C5O.#,V>C5J=E!8=C5A46]4-D9Q)B-X03ML4D9'1#1$=69&:G9M
M='E:1$TW=D8V>EA:33AR;'DV1&]K=59U13=&6%EQ-T9867$W1EA9<3=&6%EQ
M-T9867$W1EA9<3=&6%EQ-T98)B-X03M9<3=&53DX<2MC=%DX=#-F<3)4.#=D
M>5!8=$A*.4YX.'5Z9C51>7I(;$U$<S4R:3$K5%1M-"]4,40S<GET-7,P;GI*
M64,U<UAP2VQ")B-X03MC5W)%97!'>#A2-&5$9#@R95!+2FI:-U1387E'95!&
M12LX9%%N5U=/53=&6%EQ-T9867$W1EA9<3=&6%EQ>'9Z=#4R<U!,1FAZ96LR
M)B-X03MO5$$O5DQ3=350.$%/+V=G+TA+8S)944AM-$=V,3AD4$=Z=DDX:"M/
M:C4K,6)6.5$Q82]L=G(K67I837!Q5U!11'-Q:G-O-T1.6DM2)B-X03M*<W9%
M6C@X.'-J2U)S;U!)=$QS5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9D:7)S
M5F1I<G-69&ER<U9D:7)S5E(R:38S<5=J86A()B-X03MF-F9-65HT*W8X<DQ7
M<%9X,U4K1U-J27A.:'8P*V]N:&QX44Y&.4)E5%!/96XK6CE0.6%':U8W14%,
M=3!**TI'.%(T<65X>F%9<V]M)B-X03M03C=J438V1V]H62MR<4=1-6$U<G-6
M9&ER<U9D:7)S5F1I<5(K8U!.;&PU83!L<GEE:C-$,5,P=#8P36ML4#A!:4DO
M84]66F-O9TQC)B-X03M45S9Y3T-(165F460W-3(Q9E9R+T%&8E5*<BLK;$UT
M>DUA<U0P03=+;S=+3W=Z5GEK4V),=VUF4$Q,37EK9'EG.&DP=7A6,DMU>%8R
M)B-X03M+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R
M2W5X5DAA2')E;V%,<55/;S)%;D-E23E$=7)+9G1)=S=Q8VQ#)B-X03M::6)$
M9G Y4DQ$351J>D0V3#AR95HW1'I&<$UD+V%(:3,R8FE!;7)24T1Q<"]G931Z
M831S9VU,1#-M:S%58SA"2U X05EN1U=/4S=&)B-X03M867$W1EA9<6@Y4C%#
M,# V>&YV<G1X2&)7-D=35GHR03A016YO0F=L24%75T=42D=%5$M825!N1'IF
M-6]V4$UE<WDS.#E5:$AW5W-&)B-X03MA:4])2%EF33E74&IM<'E:1$TR.$AR
M=%I,4&LT:GDV1'E36$LS0V1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9D:7)S
M5F1I<G-69&ER)B-X03MS5F1I<G-69&ER<U9D:7)S5F1I<DE02DAM,C8X=&%W
M;'ET6',U84IE=T0Y<4]V568U4SE2.3)7-'-H9V)C+W,O5VY4-4PO:%!..4=7
M)B-X03ML,6(S9')&9%=Z:5=#9$)*1DEV4FQ95D)Z86<R3$0S8TII44)(27%U
M1FLW1EA9<3=&6&I0-7AE8GID,W<X=C)J+W=#:E=J0G)X9V9T)B-X03MZ9&LK
M4V9R*U=A+U9:8E!#3VIY=F)M=#1P949(:T]F=C=V9S@P>D5E9&1I<G-69&ER
M<U9D:7)S5F1I<G-69&ER<U9D:7)S5F1I<G-6)B-X03MD:7)S5F1I<G-69&ER
M<U9D:7)S5F1I<G-69&ER,5@X;79.-5-2=DQD-"]W4'EK,#EJ,F(W5'AF5#EO
M9E1M6G!C=CA*96TW0S$S*U)L)B-X03LO;2]Q975:;G943WA6,DMP1C4R.'E*
M-64X=EA&+U5F5U=(<%=A;F5S>F<X9'8X;6A9+TQ+<S)4:&IB:#8W5D1":4UU
M=E0S=FTR4U-3)B-X03M74G!*1TQY3U-Z<V1Y4U15:S5Q6&=:4TI.;FUT>%EU
M>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU
M)B-X03MX5C)+=7A6,DMU>%8R2W5X5E9T8G%E,'59<G$S8WAZ=T]S:U5G-G%Y
M;6]0,S1185IW;5E316AZ1#98.'(V.41R=6A7;7!X54)M4VMY)B-X03M$.6E6
M9&Y8-D<V93)B8DA0:6IB-D1P9%%-,DU42%9.8W-C:#)+=D1F>FHX>$<O.$%-
M0S9813%B8E16-'-",$TW-W5F.6E+3#DK83-6)B-X03M4=59D>GE(8G5Q-#AV
M04]59G990FU--DHR2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X
M5C)+=7A6,DMU>%8R2W5X5C)+)B-X03MU>%8R2W5X5C)+=7A6,DMV4R]Y53AX
M1S,Q3S0P3UIV,TXT4%=T9U0P;6I(>$%F-GEF.%)Z3#!K-DYD-S!864=Q<5)X
M;G)U4&8K4'5E)B-X03MZ6G-(<6M&<E=P>&%6<$8U<4UU-E=S5%,X9C5I;RM&
M9CEK9'-J3UA#0U=R4&Q'3T)K96=F3#EZ8U183GI,8WIT>FUN9'!*6%!5<S4U
M)B-X03M-9G9/86-M,WIU8WI+4FME6E4X1$(R2W5X5C)+=7A6,DMU>%8R2W5X
M5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6)B-X03LR2W5X
M5C)+=7A6,DMO<E-T4FXP,U5R5R]G3DIB5U9:5CDK2G)4-F5M1TIO,C-937!X
M>D5X,$PV:'-R=4<X<S1,=4$X;V)I3EI9,CA6)B-X03MC0F@K0GIC>$YI,S!3
M17A+26M/4EE(*V1E<D<R.'1W865J56952FAY1F5S8TY(8B]!26-P;4QQ-59'
M=3DP,V(R8FAW:5 X-"]94'=()B-X03MI1V$Y-#4R2W5X5C)+=7A6,DMU>%8R
M2W5X5C)+=7A6,DMU>%8U6BMB;7(K<F8R=6QO,W<R-BMT34(O4$IS;U!Y558K
M;DUV5'@R=#98)B-X03MS4$)55$TY9&YN,EI,=FY9<3=&5U)E471'1W%E6F)A
M3C$U45<O=T1P12]H>&I);T0X,F]-<7EY<4QR*S X+V@T5#-N6C=L;4$X63=&
M)B-X03M867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6'9N-5)A<V(W>69&035R
M3%E34&)N>#0O8E0X2' Y1V),4WEU1F1Z,C-9=6)J=T%D63=-)B-X03M%+T]V
M551C96%)8DU(-$Q+,U5%9C5C<$QN+VAE3UDR<6QC<3=N5&1V-6)Z0U X,&9F
M*T$X*WI'9$4W1EA9<3=&6%EQ-T9867$W1EA9)B-X03MQ-T9867$W1E9S:VE2
M>'1*265+24-Z<V5G04938U5G5V%E1E,R=7-E83EF=G)I=V=-.'-J3DU6-4MN
M1TU%2V=*8W%.:%%:<T%20TET)B-X03LW5TTX96QX4D5Z6#8P4B]Y<FIZ;B]W
M0E<W+VMT0B\Q57=E3DAV82\U5C O.#<W1"MP,R]+=5!/9B]6=2\U3%%F.59-
M9D=J,W(O2W5N)B-X03LO;F999C%/+S56>#5Z+S9T,R]*840O<7!J-#!E.68U
M5C O.$%/*W<O<5HO*UA0;&$X,%-Y=5ID46E%5CEC=4%5-4LO1TY".$\V;&AU
M)B-X03M38WAS,E1I3WIO*S%D6DA.24-*=4DK.6U'575P9&ER<U9D:7)S5F1I
M<G-69&ER<U9D:7)S5F1I<C O.$%)>E5E1W!A;'!X8F%A1DHP)B-X03M(=D4S
M13 O-4=$37I2>3-)96HY;G-V<6Q$=D9S4#@O,VXQ=GIN<3AT83AB:&]Q+SA9
M85)F.&%:4FU.>DQQ*S U.%=O;69/=FQS:T=6)B-X03M/03=&6%EQ-T9867$W
M1EA9<3=&6%EQ-T9867$W1E=,9FU2<2\V4#A!3$TP84=K,3928G T.%<S8R]W
M1$%G:C9C=7=X=51S=7ES2&E:)B-X03MH,U(S650U13@S-D(U971,9UA53GA*
M95A,9W9*16E&4D=O*T566C%056MN8DPX=4UY-4\U-U,P3UA026-*2$-0>#--
M,W,O>DHX<%A,)B-X03M"5&1.8G-E9VU2;$@O0D%-=C0U:FY$24]M;C)6;FHO
M1&9U6D1A6'1N95)E<F%4>#-%9CA!4$5W8V9E0V-R24EC0V5/5515:%)6.$1"
M)B-X03LR2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W-T+TMQ."MR
M965,044P4V-3=W0O<V\R2R]W1$1!6F9P>E5W-UAS8DIW-FE0)B-X03MN62MX
M:F5Q5$=F53=Y8SE:6C5(4"MY8VYT;$I.;'=.4DLX:VHO4U S;V)!,'5X5C)+
M=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8U1"MA)B-X03MU<B]7=&1J<U5A<U9G
M;$=(+T9K;$=B+VAE3UIM;FI1=#9R<UA"=S1J23@U9F-'135K3S5D:7%V6C,Q
M-UI40V5Z;F4S;4A2-#)+;CA-)B-X03M"05!.<GE9;WI&4T9H-DHU5B].174V
M5V5U,$A+:7!F2TM#=B]!0F%O,B\R42LW36)*9S9H,$]T-TAR,5EV;"MP-D]J
M<39H,$E:5T%+)B-X03MS1%5%2&]18WA8;GE&,DM(67$W1EA9<3=&6%EQ-T98
M67$W1EA9<3=&6%EQ;DAK-F8P4$YM:GDQ;T)E44)J,"M&<$%P+T$U4$=F55!E
M)B-X03LU;6=N=S4T2"MK16YY1&AU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+
M=7A6<D9,>2]54'ES.'<S=#-C6&ML-V).3D\W4TY5>55Q>')3)B-X03MV13=:
M;&I/04MP-E!&,GII:$521511.7E76% U5BMA;U%41W-&=V9#2U-N+T%#8T5E
M4T=E3&MW-UIW2&Y9*T@V<EDY<5=G-GIP<"\P)B-X03LV>FQG6"MD;%!$-DA&
M5B](3%EZ0C5/9FDQ5U!*.4UG54)K;3DR2W944'ES.#!3>4TR:%AB;'5+;#=*
M;4Y3078R;R]O1S0K;DU84$1Q)B-X03LX-3)Z;W=0,W-F:BMT-E)M2S@K-T98
M67$W1EA9<3=&6%EQ-T9867$W1EA9<3=&56)O:FU05V)">#%3-6A95C9616=/
M4VIZ8CE+87EX)B-X03LO<D0W,$9K5V@R2W5X5C)+=7A6,DMU>%8R2W5X5C)+
M=7A6,DMU>%8R2W5X5F$V239L2%5-<D-J2U)5164T>%-$5$,O3D@U6C9B9F\Y
M)B-X03MX<%-R6EAO,T53-U%U9D%Q4'-(,T<S=&PK4$]2>F1V;RLQ-31Z52]6
M2#=8:SDS85A.<&-Y5S%Z1S!5.%1C6DDR,DE)>DU"=#9I17A-)B-X03M#5519
M2TPX=5AB,FUV869C2C%3-&IR5'5P64)H.4E/0UES1G$Q8T),1DE(=4PV1'I7
M=D-/>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+)B-X03MU>%9'-DEH:S%M=U%D
M6'595D9E;%1)0FMO.#(O4VDX<V8V=RLY5#%317=A;F512')&4$EH+W=":35(
M8D%24E)Q23%K:U V4BLY1%E')B-X03ML,DMU>%8R2W5X5C)+=7A6,DMU>%8R
M2W5X5C)+=7A6,DMU>%8R2W9/9GIB,$]-=U<K<WA,4U97149Z5#EP4T-562])
M:6XP-6LV95A2)B-X03LS+UEM;TYN1V5835!0.4-G930Q<7=H459A4S1I5693
M-#-Z2FMA0F0W<7!!67!%+WI3*VAS,7)W8G-69&ER<U9D:7)S5F1I<G-69&ER
M)B-X03MS5F1I<G-65&IY9$(V+VUZ4C1Q5D)V24-W-B]#<V=9+V=-;FI(<4AV
M8WI1431S.$(O4T-V-2]S+W%N;E!6-'%5-5A$4S O-'I5;"\T)B-X03LS>5=9
M5DUS*S T8T]O;5!/+VYU:T=63T$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ
M-T973&$U*UEU9V%294Y:<TIB;65-,&U%255H)B-X03M$,T),1F0O;&QS34IK
M3&1N<'5Y<W574$5+03@P9F]8;D119&(K0WIN<&-5<6)A56-*2V5W-DXO<U-C
M13A::GIA3E1O8W5(-FAT,SE%)B-X03LV>71W,UEQ>% X>G!9:SAO,T-U84Y,
M2D5S43A71&AV*TEQ8W5W9E4W5'-G135X.&9U66HK5E=G=F,V<2MR4W(O04M0
M6F=R150P85IH)B-X03M4+VA64#1J3',X-D9/,#=A,5!$1'=X>FPY>C%R34XU
M9#)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W-T+TMQ>BMS*V5,06M64T%3
M)B-X03MZ3B]S63)#+SA-4FPK;D9Z1'1E>'-F1G%)*U9N-T4P+T]V5&IB*V%)
M8G=$-$PR,U5K+S5C4DM(+T%)6&IK=%9'<%@S=5(R+VER34IF)B-X03MZ:#DS
M-$1Z-TU:,%1S5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9F3S)R5V0S6C9L
M8S(Q-$0Y6FIK65-&=7)'=&58*WDV-7-O:T5B)B-X03M09EE-:UIW0FIY<$12
M>5-2>4Q*1WA34D-'4C%*0D)(46=J2DYH04EO=E$O3% U<5!%:3(R=7%:5D=Y
M,VM9<2\O040P6'8X>#DR67,X)B-X03M(8S9$5CEJ6#9S6'DO57EQ6#AX4$M%
M8U!Q:2\Y5&%O:E-/5&UF86A59FIL47=Y-VY71'-V544Q=R]C>$LT6%<O>D$Q
M2TUX>'1:-D9B)B-X03M-94UJ+V-X.$=C*T$R2#8W:%=-96)T26Y(;UE'>GA:
M5"M0;#DW,&I43DUS.4US67)+>E0P-$E24E(S2C=K;G539759,'!%;7DV1$QL
M)B-X03ML:VM:4T\U4E=286Y9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867$Y
M4"])>E1U97!A;'%*6&%'1DE%4'9+,TDP+W=#4EEZ33!C9'E8)B-X03MO+UHW
M1C9P5#=H4V8O;EAP2G5F3&M';TET6# K8C1J-%)Z559V*TA#6EIQ-#-'*S5Z
M=3-S4$9H178U<"MW+V=016,Q-WAZ<U9D:7)S)B-X03M69&ER<U9D:7)S5F1I
M<G-69&ER<U93<E<O3$]I-C!G1B]B:#5&1D5M6#1:1BM41'0W2&)*>&U9.&Y*
M,"MR>5E4-D-X2S8O2C9W6FHY)B-X03M6,4=7261H3$=S=B]!0D5X-6-.4V4U
M,G-/,UIJ-F]G+UHK=%)J+TIY34XK.#%:;5AW5T%+9G9-:F9Q=R]M9DIL3'0T
M.4EF8BMX4$Y,)B-X03LO3%!Y>%ES2DI9,W9:0G5$8TY682]W0V]O5E0Y3F-R
M;&YK6$1Z9'):<#=!.$DX;59):5)O<4EO4D9&1E9244%$<T%-<&195&$W1D1S
M)B-X03M69&ER<U9D:7)S5F1I<G-69&ER<U9D:7)S5F1I<C-Z.&]T2DYJ-5!I
M;F-5;'8U2'5$-#AF<THK0U8K;DYL<%DQ0RLY-V)S6$1W64%E)B-X03MS=#)5
M83%P:U=Q-E)E861,<VPQ13!83"M5<U!H8B]9;F9,-7@T9U$W2%!I1U-":65O
M9DPY>F)Z5S%Z3&)4<G=M9V1O-55054UH-'-0)B-X03MV1V%C:6YZ=6-$1U)I
M95E5.$1",DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X
M5C)+=7A6,DMU>%8R2W5X5C)+)B-X03MU>%8R2W5X5C)+;W)3=$]N,4Q5<E=W
M9T9:8G%666PY=5)P6#9/=4=)<S S64U2>51%0C%,-FAS<E-'>G,T3%-!8UEB
M94Y9;S$X1E%")B-X03M2*T%Z8WA&0VXP4T5"1TEI3U%6<TQ*-&(K8V9L,#)(
M;4)D56E7;'1Q4SAM239#9$%!-"\R46\S,S5R9%9#<%@S=DED=3989WDX6353
M)B-X03LK.6='67IO;EEQ-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ
M-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867$Y)B-X03M,+TI4
M>39B:E4W:EA*;"]C,EDY1S)*2%=A469%4B]Q<"]W05-Z3#!K3$XY>C!864=L
M=5)Y2'!S4&8K4'9E>EIS2'%N67%K4&YB>3-()B-X03LU:#AV6$9J46975DAQ
M,F)(86MY03AD+SAR9%0X.'%Z62M+3D](<G1+32M)>#8Y4&4K8G!)-4EP1VIK
M57!):$MU<#))24Y#1&UP94)L)B-X03M%9S!E83-&:3=&6%EQ-T9867$W1EA9
M<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ-T9867$W1EA9
M<3=&5E,Q=' W)B-X03MQ-6ET<F1$2E!/-GAX4FIQ>DUA069F:$%T;D-";$E2
M2$UV<&IY=F]-3VAA1F%A6D91;49+>D]0,C57,V1V<&)P-UIT<V-/1TY0;T]L
M)B-X03LP-'<T>$%D13%Y>'E(67$W1EAJ2#5X955$85AW.'=7:68V3F1S1G9&
M02MX3C)F-5 K=C4U<CE6:6\X439V2V1U84QH;#1S95(U*R]V)B-X03LK3'I8
M35(U-3)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU>%8R
M2W5X5C)+=7A6,DMU>%8R2W5X5C)+=E9F>6$X)B-X03MO1C5'.'E8:69!;DM0
M5#%09'9S=DPY2#)2.4]:;6QX9GA&-F)S3%$O-6%8*V(K=#8U;64Y33=&6%EQ
M-T954'%/;C)M;S)-.6ID;TI,)B-X03MA-%%X>6]E-%!H-$5D46-%;V=I:7=Y
M631Z:5EY-48X-&5B+TLY-35C,6U7=VYQ.$HK3S%N<%%34D4W2#5J;W<X8S%/
M5$=91VYG.61O)B-X03LU64UN0V5842M34S57-%1S5F1I<G-69&ER<U9D:7)S
M5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER<U9:0C5)
M)B-X03LX<%A8;5A7171L<6QN1E(W,F-F<W@Q-D0O2V)O4'9Y,T9J37I4;CEN
M-DDV:DI8.$DU=F]Y,'1B93!T67)7,E%245%)231O,39+<6EG)B-X03M'8E5#
M:%%E-VA!4D%!-4)6=W-N67$W1EA9<3=&56HX-&55-TQZ3'!,5V,Y175%<3EP
M8U5Q635+9CA24#=1>7),:45X5&EA,U)X>G<T)B-X03M4>C9(=69/,G(V5&8V
M5'%%,6AF4D=+-6A.1T(V161M53DQ4%DU<35224Y&-%109VQI;5EY1S1195)A
M6%EQ-T9867$W1EA9<3=&6%EQ)B-X03LW1EA9<3=&6%EQ-T9867$W1EA9<3=&
M6%EQ-T9867$W1EA9<6IT1#!454YA,4M(5')#4&Y02V5P,E962#)N63EL1U-H
M07E.0G8P*VYL)B-X03MM;4E2-6PY1BM6=DQ&:#5D,&U/=W1">6(W5GA/4E)P
M6D0Q62]W2%E:=&-735%&0C=Z4V%73T-!:D@K,4]-<V-L,DMU>%8R2W5X5C)+
M)B-X03MU>%9J9FYB>51995HW1&<Y2611:$(K<5AD3G=F-4@X55 T9%)L3V)#
M2FIZ8TA8-D-/;VI2,FM/4F90,G)A4G%':S,X=&IF=VU'-6E.)B-X03M#<#9%
M9&U5.3%0635R2E))3D8T9E!G;FEK67E&1D(U1G!D:7)S5F1I<G-69&ER<U9D
M:7)S5F1I<G-69&ER<U9D:7)S5F1I<G-69&ER)B-X03MS5F1I<4\P6%)D4S%N
M54DW1%0T5$Y02C1F6E9E-W5F,E9(:FMO>$UJ46(Y4' U-7!#34):9E%8:WIY
M6G O;&I4+U)H<$QE>6='-W5Y)B-X03M0:61V065#:G--,FU,14E$>F4T,$]H
M:' T55!Q-FQK3U=U83=&6%EQ-T9867$W1EA9<3=&6%EQ:V9M>GEF<%!M5WDY
M0SA8:&-)1#E8)B-X03MU,$$Y4TUN.6$K2S56;'A#63-C5%=A2T=E3E,U.40S
M4$)03DAL1%=F3&PU-D8O1E=&>691=6MQ67!!4$$Y:C1Q9#@Q=51'64AD-'97
M)B-X03MA2$IG;%5U6%$Y16QY='=N67$W1EA9<3=&6%EQ-T9867$W1EA9<3=&
M6%EQ-T9867$W1EA9<3=&6%EQ;G9L6'EB<DAM4S<Y2WE4:&)O)B-X03M2-CDR
M-%!P;U!N,V(O2D=763A2;61N3S!79WEA9S%(-F5P93EE5G9+96LK5S=!5S%I
M;%I8;V)I-EE$,4I'2&EF1'=8=&UZ>#1H06)0)B-X03MA8512=W=2-%EJ,VYQ
M539Y>'EN67$W1EA9<3=&6%EQ-T9867$W1EA9<3=&55!Q1VY73V\R:C)L.4%L
M>&)30VIX4T-O4'8W161I345O)B-X03MG:6EW>5DT>FIW>49H-40U=R]*,CET
M0SDS-69,6&1T,6%Z62]V:R\Q1"LR4'@K95E'6%-K8G@S95DQ=EEC;RMR1G5/
M-W(X3SDU=$I()B-X03M*1DDP8VEL2D5.1U)G45%2,DE/66IZ.&]K1VIZ5S1S
M6%EQ-T9867$W1EA9<3=&6%EQ-T9867$W1EA9<3=&6%EQ=6EI;&UK5TM*1VML
M)B-X03MC.%5205=9:SEG0G5C5U59:VUH=5AP9FLO=T1*>3=U4VPU-6A*=')F
M<71I<"]E="]R<U!S1#(V+TQ-=D9P4V0U4%$V3'--;C%:9&@S)B-X03MF<F5U
M,DYJ6C)&<DAA,F-+5SEV14M*1D=+05IN>&E!2T0P,$E29TMI2T-V:%IU>%8R
M2W5X5C)+=7A6,DMU>%8R2W5X5C)+=7A6,DMU)B-X03MX5DEV36YK;GDY-6A1
M+U@W64,U<%)B>4MI5$-N5#1Q9D8X;4)'5EI-35IC,T0Q5VAX6G@V:'8S.5AL
M6&U,.&Y0349G5VPP=&PQ2S)')B-X03LT5F9G;D$Y,$]Z9C=%+U)M1E!3>4A,
M9#5Z5F1H6EEB=SE1*S%G;'AB6$YT33!&>D4X17EB4$9)<%)G9F17;V-X>4MD
M3$]%;VUP0VEP)B-X03LT1T1S5F1I<G-69&ER<U9D:7)S5F1I<G-65DQA,75B
M<5I98F%*-35N,E=+3E,W2#5+=%1H071N0T5P1V]I>7IZ>3<K5&9M0R]+>39O
M)B-X03LV-F)B1VA+1VIZ168V9TY&+W=":V9O>DEH<%I(;G,W<E1D:%I*-WI0
M0U!T97$K5R]*6&PW>3AN*S0K,T@Q9VEJ,V-V>'ET+W-U,WE5)B-X03M!6FTT
M.$U9.&YP3DQO8U=!96=B.2]64$UT8W0R2W5X5C)+=7A6,DMU>%8R2W5X5C)+
M=7A6,DMU>%8R2W5X5C)+=7A6,DMO3%4Y1C!N)B-X03M66693,4<P:75K2#)F
M555-4B]Q=#%8-DUJ2T%L>D16;'=1>4-P049H5W)F:W U8G53>C9F4$YP-VUT
M1G(V,%DO,DQK4"]W05!M3DQ3)B-X03M24$Q:,4]B<TA$3#9362]A4'@X5TDV
M:"M3;FUI06LR8SEV94HR05EX4#EZ1&HO=S)5>3!K:'DS9%AL-T%Z1#932F99
M>#(X.&=E8S=3)B-X03MV<3928TY4<C93*W0O=T%M:2M62$1-9$A";C):<4DX
M-$@T8B]!2$I43G!E<'=':SEN4$5F0C0S6#,W:DMY0TA';' X9S5X;#AI:'-$
M)B-X03M3-T955$1P97!Z;6M&;E!+9D)),V(S-T1#05,S4C K43AO>2M25&%Z
M.&=E8S=U;G!A4F-,6' V<2MJ+WED2UI934UZ,&-M2%IM;VQY)B-X03MG9FIT
M.3=)=% O2E1Z4D]18GEE,W,P-V=S6E@K-5)X+S1B3$DV4U(U-T]F:3=!>6XV
M:4DO87DW4V9Y5CAT,G!6.5%N;3%">#%7=F]X)B-X03MN+UEP5B\X06@X>4DV
M4TDU-W5Z=SEG-%DO551,-T(K4&EZ8E1.1C!N4S1F4C V,&ET53<K;6]5;B]7
M4%4O5&U21T%J>41T<U='1TU6)B-X03M%04EZ2DYR<U9D:7)S5F1I<G-69&ER
M<U9D:7)S5F8O6B(O/@H@(" @/"]R9&8Z06QT/@H@(" \+WAM<#I4:'5M8FYA
M:6QS/@H@(" \9&,Z=&ET;&4^"B @(" \<F1F.D%L=#X*(" @(" \<F1F.FQI
M('AM;#IL86YG/2)X+61E9F%U;'0B/F<S,7DQ,CPO<F1F.FQI/@H@(" @/"]R
M9&8Z06QT/@H@(" \+V1C.G1I=&QE/@H@(" \9&,Z8W)E871O<CX*(" @(#QR
M9&8Z4V5Q/@H@(" @(#QR9&8Z;&D^<G(R,#8P,S0\+W)D9CIL:3X*(" @(#PO
M<F1F.E-E<3X*(" @/"]D8SIC<F5A=&]R/@H@(" \>&UP5%!G.DUA>%!A9V53
M:7IE"B @("!S=$1I;3IW/2(R,34N.3 P,# P(@H@(" @<W1$:6TZ:#TB,C<Y
M+C0P,# P,"(*(" @('-T1&EM.G5N:70](DUI;&QI;65T97)S(B\^"B @(#QX
M;7!44&<Z1F]N=',^"B @(" \<F1F.D)A9SX*(" @(" \<F1F.FQI"B @(" @
M('-T1FYT.F9O;G1.86UE/2)4:6UE<TYE=U)O;6%N4%,M0F]L9"(*(" @(" @
M<W1&;G0Z9F]N=$9A;6EL>3TB5&EM97-.97=2;VUA;E!3($)O;&0B"B @(" @
M('-T1FYT.F9O;G1&86-E/2)";VQD(@H@(" @("!S=$9N=#IF;VYT5'EP93TB
M5'EP92 Q(@H@(" @("!S=$9N=#IV97)S:6]N4W1R:6YG/2(P,#$N,# Q(@H@
M(" @("!S=$9N=#IC;VUP;W-I=&4](D9A;'-E(@H@(" @("!S=$9N=#IF;VYT
M1FEL94YA;64](G1I;65S;F5W<F]M86YP<RUB;VQD+G!F8CL@5$E-15-.15=2
M3TU!3E!3+4)/3$0N4$9-(B\^"B @(" \+W)D9CI"86<^"B @(#PO>&UP5%!G
M.D9O;G1S/@H@(" \>&UP5%!G.E!L871E3F%M97,^"B @(" \<F1F.E-E<3X*
M(" @(" \<F1F.FQI/D-Y86X\+W)D9CIL:3X*(" @(" \<F1F.FQI/DUA9V5N
M=&$\+W)D9CIL:3X*(" @(" \<F1F.FQI/EEE;&QO=SPO<F1F.FQI/@H@(" @
M(#QR9&8Z;&D^0FQA8VL\+W)D9CIL:3X*(" @(#PO<F1F.E-E<3X*(" @/"]X
M;7!44&<Z4&QA=&5.86UE<SX*(" @/'AM<%109SI3=V%T8VA'<F]U<',^"B @
M(" \<F1F.E-E<3X*(" @(" \<F1F.FQI"B @(" @('AM<$<Z9W)O=7!.86UE
M/2)$969A=6QT(%-W871C:"!'<F]U<"(*(" @(" @>&UP1SIG<F]U<%1Y<&4]
M(C B+SX*(" @(#PO<F1F.E-E<3X*(" @/"]X;7!44&<Z4W=A=&-H1W)O=7!S
M/@H@(" \>&UP34TZ1&5R:79E9$9R;VT*(" @('-T4F5F.FEN<W1A;F-E240]
M(GAM<"YI:60Z1D5!.3=!.#@R-44Q13<Q,4$Q.31!1D4U,C4R0T$Q-T0B"B @
M("!S=%)E9CID;V-U;65N=$E$/2)X;7 N9&ED.D9%03DW03@X,C5%,44W,3%!
M,3DT049%-3(U,D-!,3=$(@H@(" @<W12968Z;W)I9VEN86Q$;V-U;65N=$E$
M/2)X;7 N9&ED.CDS.$(V0SDP-4%%,$4W,3$X13-$.$%&-4(V.4%!1C8Y(@H@
M(" @<W12968Z<F5N9&ET:6]N0VQA<W,](F1E9F%U;'0B+SX*(" @/'AM<$U-
M.DAI<W1O<GD^"B @(" \<F1F.E-E<3X*(" @(" \<F1F.FQI"B @(" @('-T
M179T.F%C=&EO;CTB<V%V960B"B @(" @('-T179T.FEN<W1A;F-E240](GAM
M<"YI:60Z.3,X0C9#.3 U044P13<Q,3A%,T0X048U0C8Y04%&-CDB"B @(" @
M('-T179T.G=H96X](C(P,3<M,3(M,314,#0Z-3(Z-3,K,#4Z,S B"B @(" @
M('-T179T.G-O9G1W87)E06=E;G0](D%D;V)E($EL;'5S=')A=&]R($-3-B H
M5VEN9&]W<RDB"B @(" @('-T179T.F-H86YG960](B\B+SX*(" @(" \<F1F
M.FQI"B @(" @('-T179T.F%C=&EO;CTB<V%V960B"B @(" @('-T179T.FEN
M<W1A;F-E240](GAM<"YI:60Z1D)!.3=!.#@R-44Q13<Q,4$Q.31!1D4U,C4R
M0T$Q-T0B"B @(" @('-T179T.G=H96X](C(P,3<M,3(M,314,38Z,C$Z-#<M
M,#<Z,# B"B @(" @('-T179T.G-O9G1W87)E06=E;G0](D%D;V)E($EL;'5S
M=')A=&]R($-3-B H5VEN9&]W<RDB"B @(" @('-T179T.F-H86YG960](B\B
M+SX*(" @(" \<F1F.FQI"B @(" @('-T179T.F%C=&EO;CTB8V]N=F5R=&5D
M(@H@(" @("!S=$5V=#IP87)A;65T97)S/2)F<F]M(&%P<&QI8V%T:6]N+W!O
M<W1S8W)I<'0@=&\@87!P;&EC871I;VXO=FYD+F%D;V)E+FEL;'5S=')A=&]R
M(B\^"B @(" @/')D9CIL:0H@(" @("!S=$5V=#IA8W1I;VX](G-A=F5D(@H@
M(" @("!S=$5V=#II;G-T86YC94E$/2)X;7 N:6ED.D9#03DW03@X,C5%,44W
M,3%!,3DT049%-3(U,D-!,3=$(@H@(" @("!S=$5V=#IW:&5N/2(R,#$W+3$R
M+3$T5#$V.C(R.C,S+3 W.C P(@H@(" @("!S=$5V=#IS;V9T=V%R94%G96YT
M/2)!9&]B92!);&QU<W1R871O<B!#4S8@*%=I;F1O=W,I(@H@(" @("!S=$5V
M=#IC:&%N9V5D/2(O(B\^"B @(" @/')D9CIL:0H@(" @("!S=$5V=#IA8W1I
M;VX](G-A=F5D(@H@(" @("!S=$5V=#II;G-T86YC94E$/2)X;7 N:6ED.D9&
M03DW03@X,C5%,44W,3%!,3DT049%-3(U,D-!,3=$(@H@(" @("!S=$5V=#IW
M:&5N/2(R,#$W+3$R+3$T5#$V.C(S.C$S+3 W.C P(@H@(" @("!S=$5V=#IS
M;V9T=V%R94%G96YT/2)!9&]B92!);&QU<W1R871O<B!#4S8@*%=I;F1O=W,I
M(@H@(" @("!S=$5V=#IC:&%N9V5D/2(O(B\^"B @(" \+W)D9CI397$^"B @
M(#PO>&UP34TZ2&ES=&]R>3X*(" @/$5X=&5N<VES1F]N=%-E;G-E.G-L=6<^
M"B @(" \<F1F.D)A9SX*(" @(" \<F1F.FQI"B @(" @($5X=&5N<VES1F]N
M=%-E;G-E.D9O;G1+:6YD/2)0;W-T4V-R:7!T(@H@(" @("!%>'1E;G-I<T9O
M;G1396YS93I&86UI;'D](E1I;65S($YE=R!2;VUA;B!04R(*(" @(" @17AT
M96YS:7-&;VYT4V5N<V4Z3W5T;&EN949I;&53:7IE/2(S,#$W-B(*(" @(" @
M17AT96YS:7-&;VYT4V5N<V4Z1F]U;F1R>3TB36]N;W1Y<&4@5'EP;V=R87!H
M>2(*(" @(" @17AT96YS:7-&;VYT4V5N<V4Z5F5R<VEO;CTB,# Q+C P,2(*
M(" @(" @17AT96YS:7-&;VYT4V5N<V4Z2V5R;FEN9T-H96-K<W5M/2(P(@H@
M(" @("!%>'1E;G-I<T9O;G1396YS93I&;VYT4V5N<V5?,2XR7T-H96-K<W5M
M/2(R.3,R.3(R-S0B"B @(" @($5X=&5N<VES1F]N=%-E;G-E.D-H96-K<W5M
M/2(R.3,R.3(R-S0B"B @(" @($5X=&5N<VES1F]N=%-E;G-E.E!O<W138W)I
M<'1.86UE/2)4:6UE<TYE=U)O;6%N4%,M0F]L9"(O/@H@(" @/"]R9&8Z0F%G
M/@H@(" \+T5X=&5N<VES1F]N=%-E;G-E.G-L=6<^"B @/"]R9&8Z1&5S8W)I
M<'1I;VX^"B \+W)D9CI21$8^"CPO>#IX;7!M971A/@H@(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @( H\/WAP86-K970@96YD/2)W(C\^_]L 0P ! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$!_]L 0P$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!_\  $0@ 'P ? P$1  (1 0,1
M ?_$ !@  0$! 0$               H(!08!_\0 *!   @(" @$$ @$%
M    ! 4" P$&!P@3"1$2%  B(146)#-3_\0 '0$  00" P
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2U7FR*M6&,F"8QSFM<TB\?__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>49
<FILENAME>g494294g87x58.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g87x58.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[2FT4&AO=&]S:&]P(#,N,  X0DE-! 0
M      \< 5H  QLE1QP"   "    .$))300E       0S<_Z?:C'O@D%<':N
MKP7#3CA"24T$.@      Y0   !     !       +<')I;G1/=71P=70    %
M     %!S=%-B;V]L 0    !);G1E96YU;0    !);G1E     $-L<FT    /
M<')I;G13:7AT965N0FET8F]O;      +<')I;G1E<DYA;65415A4     0
M    #W!R:6YT4')O;V93971U<$]B:F,    , %  <@!O &\ 9@ @ %, 90!T
M '4 <       "G!R;V]F4V5T=7     !     $)L=&YE;G5M    #&)U:6QT
M:6Y0<F]O9@    EP<F]O9D--64L .$))300[      (M    $     $
M !)P<FEN=$]U='!U=$]P=&EO;G,    7     $-P=&YB;V]L      !#;&)R
M8F]O;       4F=S36)O;VP      $-R;D-B;V]L      !#;G1#8F]O;
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M(%5N=$8C4')C0%D            08W)O<%=H96Y0<FEN=&EN9V)O;VP
M#F-R;W!296-T0F]T=&]M;&]N9P         ,8W)O<%)E8W1,969T;&]N9P
M       -8W)O<%)E8W12:6=H=&QO;F<         "V-R;W!296-T5&]P;&]N
M9P      .$))30/M       0 \     !  $#P     $  3A"24T$)@
M#@             _@   .$))30/R       *  #_______\  #A"24T$#0
M    !    !XX0DE-!!D       0    >.$))30/S       )           !
M #A"24TG$       "@ !          $X0DE- _4      $@ +V9F  $ ;&9F
M  8       $ +V9F  $ H9F:  8       $ ,@    $ 6@    8       $
M-0    $ +0    8       $X0DE- _@      '   /__________________
M__________\#Z     #_____________________________ ^@     ____
M_________________________P/H     /__________________________
M__\#Z   .$))300(       0     0   D    )      #A"24T$'@
M!      X0DE-!!H      S4    &              ,C   $M@         !
M                          $             !+8   ,C
M          $                         $     $       !N=6QL
M @    9B;W5N9'-/8FIC     0       %)C=#$    $     %1O<"!L;VYG
M          !,969T;&]N9P          0G1O;6QO;F<   ,C     %)G:'1L
M;VYG   $M@    9S;&EC97-6;$QS     4]B:F,    !       %<VQI8V4
M   2    !W-L:6-E241L;VYG          =G<F]U<$E$;&]N9P         &
M;W)I9VEN96YU;0    Q%4VQI8V5/<FEG:6X    -875T;T=E;F5R871E9
M  !4>7!E96YU;0    I%4VQI8V54>7!E     $EM9R     &8F]U;F1S3V)J
M8P    $       !28W0Q    !     !4;W @;&]N9P          3&5F=&QO
M;F<          $)T;VUL;VYG   #(P    !29VAT;&]N9P  !+8    #=7)L
M5$585     $       !N=6QL5$585     $       !-<V=E5$585     $
M      9A;'1486=415A4     0      #F-E;&Q497AT27-(5$U,8F]O; $
M   (8V5L;%1E>'1415A4     0      "6AO<GI!;&EG;F5N=6T    /15-L
M:6-E2&]R>D%L:6=N    !V1E9F%U;'0    )=F5R=$%L:6=N96YU;0    ]%
M4VQI8V5697)T06QI9VX    '9&5F875L=     MB9T-O;&]R5'EP965N=6T
M   115-L:6-E0D=#;VQO<E1Y<&4     3F]N90    ET;W!/=71S971L;VYG
M          IL969T3W5T<V5T;&]N9P         ,8F]T=&]M3W5T<V5T;&]N
M9P         +<FEG:'1/=71S971L;VYG       X0DE-!"@       P    "
M/_         X0DE-!!$       $! #A"24T$%       !     ,X0DE-! P
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MQ $_   !!0$! 0$! 0         #  $"! 4&!P@)"@L!  $% 0$! 0$!
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ML=<Q*<3#K;C 5TV/#?3!)U -GMW;G?2:LFE[_1NH!AMC26P8.Z/3]NCOW_\
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M^VVMUFP&:MS0YS]COH38YC:_?_-JV[!^QAE.-:<K%+7N==7-(W;G?2;9LO\
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ML_P:)3U^MM55^?4*L_J#'T66OH:ZQM(=Z/ZU>ZNJYF/:YU;?^N_Z*M0'/EB
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M^J^;]H>F7M\(^6_E]5?*XM.$SJ>-LSCF,>7-?[RQC6$![=F/])VS:_W;UO\
M2\7$PL)E#'.>UNYQML<"[DN]SH;[&*N?]92OG[!D_3CT+IB-OT'?1_/W?U$S
MGA X/3+ACQBZXO\ N5_)&8S^J/%+@T^73LTQ]<776/=A],MR<&MQ:<AIAQCW
M.=75L]VUOOV;_H?3]-:E=^'U+"%U,78N0W4$1/BUX_->QRYO!_Y'P=OH[O2=
M&[Z4[\G;^SO4_1_:_P#3_P O9ZJT?JO_ #.=$Q]LM^A_-S[9]&?^G_T%4RQY
M/A'W>1]P$:?K/7_C?IMO">;XC[\1P$']ST_XOZ+INIJ-C+(+75[@W:YP'OC?
MN;/N^BG>6N&QPEI$1*(?./G_ .8H;HD<?BH-=+O^K_8V>]5XM+JMO4JL*RS
MLL>YNT&AD!WI@_IC3:UOK^KM_P#4:;I'4,^VK+K?;<[%9::\2ZUQ+[*X][C8
MYM3K&[OHOV?G^G[U=TD?PE-;],_2_M\J6X^W1C#?YKCQ?XO[S#7ZV^*6WRD'
MA^W]U__9.$))300A      !5     0$    / $$ 9 !O &( 90 @ %  : !O
M '0 ;P!S &@ ;P!P    $P!! &0 ;P!B &4 ( !0 &@ ;P!T &\ <P!H &\
M<  @ $, 4P V     0 X0DE-!"(      2Y-30 J    "  ' 1(  P    $
M 0   1H !0    $   !B 1L !0    $   !J 2@  P    $  @   3$  @
M !X   !R 3(  @   !0   "0AVD !     $   "D    T  ]"0   "<0 #T)
M    )Q!!9&]B92!0:&]T;W-H;W @0U,V("A7:6YD;W=S*0 R,#$W.C$R.C$S
M(#$S.C(Q.C(T   #H $  P    '__P  H ( !     $   2VH , !     $
M  ,C          8! P #     0 &   !&@ %     0   1X!&P %     0
M 28!*  #     0 "   " 0 $     0   2X" @ $     0
M2     $   !(     3A"24T#_0      "           _^$!,$U- "H    (
M  <!$@ #     0     !&@ %     0   &(!&P %     0   &H!*  #
M 0 "   !,0 "    '@   '(!,@ "    %    )"':0 $     0   *0   #0
M   #P     $   /      4%D;V)E(%!H;W1O<VAO<"!#4S8@*%=I;F1O=W,I
M #(P,3<Z,3(Z,3,@,3,Z,C$Z,C0   .@ 0 #     ?__  "@ @ $     0
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MJ_PHKOL>C8-7!:7,E'4Y$A0ZQV]BI:Q.;>,%@B$AD,,FZ67:8@$W9:-MSKP
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MV$V2;*I&Q7]8AWJI!7.T9ES^_'QQ_P"]6RG^]VI_Y]])_P!%7O\ '2_\S_\
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MZJF;,3)/,SXL[P!U!&A>Z>+W(F$1DJV2%T1+AYBT>0<6V>=CHWQP3C^VC3Q
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M+(,=)G:/48S6WXM9DJ&-]Y7IE_M-=4 &Z+1I+1GBPM-:A,556#D#,!:/%/'
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M=#882H8_O+2PO$86*)&%1DS64L8[89/74;48VM;(U9RTCJQ 5=Q9E92O'][
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M$ !M #:9Z^6JL-'826EM_$ALS1:,$^M(-#K<]'''$LIEA3@%>#)'I$$XR?\
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M]_7F?UU1Q_K]^1^7'RY'SR,GZA?H]7ILPYS\]?V]-[L@<D\==8%"CE.KS&V
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MSFFUF1BOUGKAZTH!@\U=,;;QCJ21"?$B<IV7W(I. ^CNH_)Y5"J?Z,_B <$
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MC.F^(>E>(&C=VS]IZ*W=FCZ;I-R&,6C\'5[EU*2M.\6BP5KE21I*&I5?(?\
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MFX EB!ET]D!)VD$@\\\<U5L01V1,X<1QURL1L"788\;AM4D(C^Y&<G;@CVZ
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M*2V**65D?P!(#CV:/''T))'T&?QP#[9]^EB@F+&"08YB2<\'@+G/N >1P2
M ISCJ9![FN?8$_;AW6=A24]J$Q#O:C5*\K?FQP-8(*1)+)"PM'PBO;8CHZ,=
M[O"-\BQCYO\ 40/O#=G!Y(RP (&0>5X)/R'L#T (2JM[ X)]QSL&3[>_."-I
M.?P]Q!BN#:R^S]:&T>GFGY:SD%BVI@>,4YYUW812-E.?)/:S(^K8-,]CCG1-
M0J6"&**!4B1.<H@ X+.OM[^HX/N2?89Y(]\<<]*P =Q/.(F(!/ V_0<+C.1[
M?+WYZ(V. G-\@5 ZQ$.JBM1!.;:G0P5P8J5>$X8B1WS"B?:('EA'NECE]R,@
MP\#P9 Z6!_HS:ZLRD*%W,!D@_L1!3CT@<@@ 9YSR3@@C*/&2&Y*#@?/,DI('
M'N21SCYCGY]-8CDZUXBVL>[XST%+/HXR+*08*6FM;)"/FXC+XY)(9):\?/3Q
MPDT]PR622[5&N^&1! 2BRMC8^X=#H=Q:9-I>I)+)3GGAGD2%VC=FK.C1KYB[
M3M8IZ]K X]F!]IWX==_]R>&?<M;NWM9ZE?6J=.]3KSW*T5R&%=1KS5[#BO,2
MC2B*;]49$= V2Z,N 8[VG4#U6<@*]NDY!TX\$R+*^JK2I:"O>QWE&Y'5U0RM
MK9?T*K$6*29B-_;N]7.<T:;V-VMI.PTM!T])$VE)I819LCGD_$7#+.#GGTR$
M#'RQU*>Z?'CQ=[T,T?</B'W)9KS[EFHTK[:1IDBD8V/IFC+1H.H7C$E7/N22
M228,&S&M.D*EL(2[*$AKD(D<Z>>6/REC:]_>3W$5>R(Q?))%;^E51?ROJ3K&
M1P$4#'& .![<<$X&,?ZCSU4[2*QR2=^22QY).3R3D9.>?]G4E9SAH>R6*<BM
M8U?A-=''XHO>9%8]LGE^9&JB.5'*QS4<K&HK>ZJJF"'?[CD#^OCD#WY'Y]%F
M7' /L<Y/L<_+D\_7V_CDRQ'QCE<](,1?VM%0QL@;(R2VLQ!&O3Q7OY2%31-<
MY'?E4\^W[^+'?LHC'$A!9XP<<8Y(QP!^/X\Y&?H#T7YCN, ,2#[\\\ _4@J?
MR]Q\AUJ+O>$J$GL^^^]$Q?%CC&S]6;9]DA>BR*PN =:]WDG?Q\3.R]_U+V_4
M@9)H$7TYD.<G "J?KDN1Q_/_ %];2*9L9 7&?GGY\<#YX^9'XC&,&0*[DFLO
M,=>Z3)X]WV>C:<4>F@,9663'5H[IV(T$,:WC=&5%*K8'2G1/?(UZ^TSLGD-)
M=\;L@C557')RV!D^P'U]N>/W9ZTT>V0(Q8EN?; P3_A$C^G\/IP-,G4UNC)R
MFT\>-Q[&O; R=E)/:'(WQ5S7.FM9S0'+V5>[G"1_J[K[7[.](7LS YR3G_!"
M@#GVQC)]_P ?X]*5KQ<9]P/<D\_TX'MGY?3I!L.4]_?H_P"\<IZ2SCD:JR 5
MFB@H:^1%_='5=,E>-W_'\WVT1/W1._HAIYCD'<HS\U/O_0!_W^W1PAB'.%)X
MR<#/[R<GY\_T]1TW04,)TT3*A]D>^5(^ZQOM29YD5>Z)*5+,Z5_DOX5BN\E7
MNU/V]%,KE=S2[% R3G8 /Q(QC\\C'0E(S@)G/ XR?YOK_1^'2P+S+9YZ&WK
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M3XVLN/F-I8$'G).>1DGV'!^OU(?1R3D2*<@Y##WXQ@87!./F?;.#[$F33OJ
M?3RY)%'^]:FN%-^=5SR5>VXUU0GQVBG#S2O<<9E2:J)C(HY5[ML5\N[F=NSN
MRJQJ,# DKD_Y.?PSG/SY^@SSSG/2?]%VH^$(Q^#']K@CW'/MS]3P/JTKP;H!
MY;L1&Y+0<?V\A$),)'V/=U63F@(ED'9[D8.ATM ,4-(,C6)\ $^%(6/18D<Q
M/$#3PL>" #NP3G')YP<X!Q\L8^F3@@Y(;,:D,6SN4G=R<^WN ?VA^T<_+.!U
M[.^G]T\ZK-F$THM*X0$4M\9;2!]Z(]D-@2+%&%8.#IA 9QH/;>H\K[H=ZM8O
M?P18O6H7J2J-OELN2K;'8;74\^D-C(]BN., 8.<];:2W&V7W\@%<H!D$9SG#
MDYSD;1S\B.H7@Z%L34A2LXTV%[E)]4\2MM:X<:2&DM(QS%2(0VA"-'SI[QS$
MB.^+>U5S7M8Z*9@:JUC/1[01E0$:1,9!V[0.>>50+G@\YSG'X ]!%J4$ED1N
M3[AM_P!.'8N1^0 ^8Q]2*XCX$O>,*_75 ^PS=M7TTM!KLP)!Q)Q?CA@]W5/.
M:ZSMF\;9O#&&OA#*L*F(F(YA#DL'EFN(@9)6DFK6])3SL\%ON1C)# J2-N[)
MV\D."??VR"&6QN=&$9'.QOUTA_5D<XW,5SP.-F./P!Z@'G:@OM/:2YZ/BLDS
M, B9..N2GVY5 %#/G[ZMTI=D!26=#LSON<]Q0I 9.RY&!,#[2_':43+-"8T0
M;<KIOR.&7 ..&P3Y@;AAO]*'/L,YQT))2/4LFTLQ)!4D @,#MVH%PR';AFXP
M2" ,D8^7]-IM$F\I90-[C,3R'G:8.XH==E[.USU3K,AQ<!QW0ZBJLLKK2S2W
M'/S]&ZW)=Q$39Q5[)Q:^5[T:V9,SS0HT:AO+D&UQB1D)( RHPGJ P/N/POI8
M@@=*4$,DHE)C,B9*-N02[2X9E((.%W9Q^N49;+ =$-T^TTVDQ%9;Z/15]L2/
MQO'@]88RHUN>"?8X$G1DU!)9N]RN,:1-;9VUS+RCY'$DR6)U@2?[8\,4D@"A
M<Q'E@N]795; 4J &SA1C'R!R-I.,$=#,JHT@^ZS8DC!9,DEN1M5F/WAD8POJ
M SD=:&O/,Y<S.^V%4NFXV+M.&+@S0[.G878C5$N+V_*T-&:\S/7DL*R%47AH
M2H03!V3TN@KY&K('*,,.*3U1)*J%)/UB,<9;"11NK JV0&9GVGCA6 ;'W0QA
M4=X]X=28R%;&"6;]8"",9.W#9))X.W.68=N&]=9WMKE+U8*'476"JLQ&7;NI
MZR0^S#)IH<CG]-_$L PN@):&>NTK8X9;5].@,U=!+7/,+C?ZVZ[EBD1@VT8)
M_:*[VR06Y&"H.<G[_)QM'1@&&9?NAFR..%81;CD @'.]!C!SL/.1T2G-%QEB
M+:TXM%J?%V1X^YGS]M)0%S#@B7')5;F3"9$J[6&T*+M(Z[W[,)RW@(TOLR".
M</"3"0"+>%FCWGV9-Q]E8/ECNPK$D!<D_LC( YQT2 ?+9L\%F*@@,?[G\O 7
M!4@;W &0Q; SR#U5G_?Q7_7*W7_!AF/_ $G>L\Y?\8W_ #8_]?2CR1_BH_\
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M[)\ 1SJH/QEO*:J59Q:=@$/M(EFB)W8O9_MI^$[^B))I"8P7/J8K]/V'?@#
M]US['HQ(D 8J@X7/MG]I1DG]_P#5U';#IBR?%HX;R2'*JS&2M<YSU17*YY1T
MZ-:YW?\ +I)45R^+>ZJJ(H#P,G<<?)06)SQ]U 2?W#CWZ&!DX&!GZD*!^]B
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M2KLC"5\W_"I&N%DB8BM<UODR6'S>J_I[KV[HB(BHG[H[R[IZ)D]!'S!)]_P
M_K/O\L="5L_GC/'XDCV_=^_I,(K4KF/-C@A)C68R!K)V^^Q$&(B:KU:LC.R>
M$C/!['JJ]W=T1.R^C,84'&3@DY^0R1['Y\?+]_6@W)4G!&.?KD?Z\^^/EP0>
MC.Z6,K56')_'>=UT].=F=;R3P'07%,'3U]X99T^]U>;O"*>H%MQK:O@.!@(1
MYL15-;CSH*<+.#.Q_FA5F1XZLLBKDQ1.X !!. [@#'.20, <Y.><]*:5>.UJ
M%.I+,E:.W9@@DL2$"*!994B:Q-EE BB5M[DLHV@@E>NBRYX=PO32)T[7N=/@
MQM\3K.0 ;+1/YIY%$NQ:*_XSNKFHI9+ZF"?QS@V%48M<V[R@N*KL,0V_FXY!
MF W%>26/S]XQ3SZCVI>II_=4L\<0-6"K3U&.ZJ7]-BG4:3+.EC4XZQL)*+-"
MY#/2:6&:W7L5EL0K>O9FET=%[FT^Q%#-##*)'5-3%EKM14BM?"69I5K4X=*L
M67CL0/4OU;,,DE">;3[<D4U*9@/ZSM99Z'Z?7$T-WIK*Q*CJZTBT0_9\>2L+
M+9R-IXF6]ME]!$[E&\M)WDKX:/'62B!-<]FJ&E',;.E>>%U9J?C7WJT,;1P:
MA<^(<"GKX$LO\G=-.T7:K_R?C6(*3\+J]?XAW8OITJR1R(SGWX5E\,.U255Y
M*=580^S2G\E#JEP%<S,NJP[\H-U/-:1<+90>ENJHLU8<>5/"^/(O*NG/MK%N
M@'8(3F:PHHY1;N9K7QVY$'Z)/S'"DC%FG5K4A1&-;[4G5K0V9+TVR218E,;
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MT5\KG^^5G$RI4KWJY?*5TRJ[^CL[P5#$N6$?=YC?=(PWJ&#^!Q[8]Q@D<$D
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M&0IN,8#-L7D@ECD@# &/88YX.3\AU$$1G1KJ?ML]3R9QV(:)&L]>>3JX\O?
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MBAC:^5((VR>,<4;5<C&*YK6_AOI0JJ@X&,DDX&W)/)/L1[D_//(Z"2QQDYP
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M=S'YHCPR#>PSD/(L?W0%SMW;N,< _AU)'!NR?QUM-#3F5:VX&CA(R6H@-D(
M4^D.L1B2!U2)LY0[IGB#RH1%(PJ/R<UC_P ]WK:]DQIO5?[X@RI]MKJ"5..3
MP1AO?Z#CI-)3$DS0[R?*F*K(@XW(Q4-CG'UP<_0Y&>H/N;2<2VM@V$$) +:6
M \,3GK*Q!X998X&_RB1O7P1J(JR?J<Q41R(_N[T#*\\?7'&>/D>?I_#WYYZ*
M(()!^7'[Q[]:269@/QS(&1QRN9'*R>.-D$T3G.E;W9+!)[K%58U5OY1?SW7L
MJ]O6L@ 'W^7S&/K\_P ?Z?W=;VG&<<<?T@D?T#^V>I=S'/7+]7 S[9N]]''
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MWT(]A"QMQ85*M)9_"TH?G[X,CT6,N5OLR1JJ^YY,8XQVXY8Q(H8*VYL$+D8
M;GU%3PV!@^_N1CIUG\.];@E$36--+$Q#<)K(3];9:J#EJH.T2KECMSM((!Y
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M':V"1C@_0]>+J,R 'YCH2F>%@P)W=CV*WVH4D>U6=O<3\M5%<JM[.8K5_/\
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M)!&$H5(2<!%/XR>,R60<\1/B[R8JQQ2O(AF<J+Y+'"Z*1KT8L0RH]SPX'/\
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MJMYIS-7C),ZV*,"Q(SS@#SXQY'$D)(\J.2%A3*ULR!/AG]I15,E8L[BWK/\
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MRS=WQ6'K*&Z%H0R1;2-LF+,-L;V(.OHT2S=66B!QT):B9&'F&./S9-KHB#<
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MCN 2>;R'9D4Y8!@JA69LY)!;U8X4GHL:#I.Z;VM8ZLU,8<$4[HJR##<TX_6
MLIVSH-6H0R3$UI(EC.0:Z<L"%Y8 B.-DALW^<A+'.I+K41#/IK[BOZPW=!OT
MSYH0R2;,6F5H55"JN?+>1MBM"3M7J/ZE<I;67XJ#=N.#%J$,QYVJ"0RA@V6)
M("^E5.&R"21N&X4XYSD%3- 9I)I?'XD#(+NF,@'EBCAC%<1' "'8#CQ#C#MF
M#*]ET:(..UWF+VC>?BKCO(!7I(J%7)DIV(F*DDOY;.TD3.6)V/&2#ZV]GR8G
M*86VXFG9G8H/*FC/(QLSMVN%'&<J/H#D$"KWZJOTX>2^7;.FYTX/%!OI<UAR
M@-_FBCP*B:&ISCRK6LN,^.7+'&5/(.581V-?&0I4CX@Y!89EDG1E7]_]L6NY
M)*VHT98A=KQM7DK3R;5GA#-*A@?9M65':4.'91(&3U IS879.OU=#BFTZ\'$
M$TXGBL1Q[MDL@"R+,H9B%(2/RV4':=^X*3UM_0AT'(,>8Y%S$!G'X>.#,%L)
MJV.Q=-N3+<H5W@:M=$5)$E9'#%X3$3P(ON.2&%8UBD16'P^-B"*Q#,*R5PP+
M(KDV"X'!158@8/\ ?"?P''R>>_(:\QIR@S&<*X4X40&($%@Y9<Y);T8'MG(.
M!T>?5WI34YWXJXJHM_E\-M]SE-%9U!._SFDT6.(95).I!1T-,16BQ7 422/S
MSB;<4B(_VGQ0ECH0/*'N;3X.Y.Z]'TEB3%+3ER$>.(F2(RSQX9X)P2-H89C8
M@;MI5O4"=![OA\..VM6[MFBU*6O0GCBFCTD2-<\J[Y5-E4K;HN8MTL;S+\4B
M[5#.L@780TY:^F!R+U!0ZB74=766[W4< T[\SQ]H7CU]I6*^0*2-Q6_;-*T:
M65(Y8I9W/C%5]>.\9K&MC;[O@4SZBFJ4-0%*81F-J\U@259059<RI#0A8L%8
ME6RV' W#C@=W_= =!D[#L^'VI]O=RZE2LSUKE*]=K4C?I/!<^*!K22:O+F.3
M;)$Y;G9+(0QWG=#'_P!C>;;_ -^9%_P7W'_I/]0K^32_\;4_^;:_[/I7_P"$
M.'_S;US_ )E#_P"+ZGX)V0K<)JP0,SQK99@^L9I&YBRJ[L[-5-6+:-NXQJ3.
MT6XJ0<<VQ;,Z*U?4!P%W'RY/N?S##9R?3='VSH]^K$[V9A8WLP>6*K'-E,S/
M!!YM0^9$ZQ.C.H=S"S,LRLD;*OD[QUF+4+B5Z$$U>F9(+!07P@59Q1CLSO'9
MCP8YIH@I0I6\T1!HW1G5A8YCZ:^!>3Z$?7NX"QL19!U="I.!T>MX^2JS.2+T
MGW*%T1NSM<]#!;G2E"Z,RDR+[NPNBJVWCA2$.P82(]K"MI9GJZG++)E9)-T=
M8E J(TBNJ)"%)B0(@"94RH^'4!0O@[REDUL5KFCP10.94@!DOA+&Z26**6-F
MDED=4D]39E"NL$D6Y96W"@CG7"U?'6\EI:&E816'"@7T$#C+"W9GF%6EB^:@
M++)? PZ0&&(<9\TK8WDC) Z1D<LTB>F9T7A2&/[.Y2P!)X;YYSR""I4YZE<3
M2!?,*I@A9,.B-M PX SP%/W6!5BPXZ@2YD1U4(C8AX>UI8/5@OA[2K,'6R(J
M>$CV=_%6M_#E:B-1J=NRJI9(*K@8 )'SR?;DY_L?<<9ZQ@1(^<9(!.W;@9R<
M+M].!D^W ''MT@@5UA:EP5]6$58GDR-B'""@E*+(D=W[1PCPL?-*]>RJC8V.
M7\+_ $(OK0!)P 23[ <D_D/<]:) !)( ^9) _CUL'4=S6$/%L:NP")C(41\!
M0D\$K2FN<Q1W1R,:Y)D<US?:5$?W:J>/=%]:/I!+>D#W)X Q[Y)]L=8!EMHY
M;. !R2?8 8SG/RQ[_+JU#HS^F!K^:N0+.IY^(?Q)D \!JM.# +R!Q.+R38:+
M/Q!&CYQ_'=QHR=>"LE9]X.L?NN>JVUHU47,::"T:9%C>H]X=KZ56DM7]=TJK
M"NR..:S?@KU6L32)#6A:TY,(:>9TAB0-OEF>.*/+NH+]IG;NIZE92".C??/J
M9:M-[5CRT(>9Q71EDVQ5Q).[[654CRV$)=6YU"_37YCXYV;JK$<2<B292YMY
M2,7;Z4_,%FW.2E:^:LNB2*"Q*HQ!3(71-@LI3(0BW-20:1?=]J..Z3XL>'FL
M6[=6MWEV^KU!LD^(M2:?"TZ,R3)7MZI#2@N>3(K0RBL\GERHZM]T]+]6[/UG
M3$C8Z9=D\V3T!/A[%GRBBE'FI4I[-BLLA.^,SHH964 EL]!=RCP'RMQE!!;Z
MOC#>Y+/D)[(]WI,W9UE*>8Q\WG%56Y(<-;8.2*/W$@"*+F6.*:=5=''*Z.4:
M5W3VSKMFS2T7N/0-8N4U+6ZNE:QIVH6*Z@@%YH:EB62-,D ,RA3D8)R.F2[I
M&J:?''-=TS4*4$X!AEMTK-:.3CC:TL:JV?SSDCZ],OCOCKD#DW74F&XWREQK
MMAJ#@ZBCHJ8%Q9QQU@6.&-%"CD;##[I<X\"D3R10POE:LDT:.\O3I?NT]-J3
M7M0L0U*E>-YI9[#B.-(XU+NY9O<(BLS8R=H)Q@'I+5KVK4RP4X9;$[$*L4,;
M2298A5PJ@D$L552,'<0 <D==3V6^FMTZ\4=-_&]MSY86.$Y3(XR!T'(U#MME
M7XZOI-@.)'#J<_+:G7M;25AU/<.F *A-)%'A(<&'"60<7$-(P=K=\]AZ_+:\
M^Y&RPW?@:D]#4X[3W/,CD>I8CHQUWLR)8*X6.J+$H4222+%%&THE.M]N]TZ1
M0T^Q3,4YLTEU"Y#-6V? KYZQ2PRS1SN(WC5E=I;<=:$M)'%&TLS^7US9A<;[
MM=[2NJ,N?MGVMS,%3UN1=-I1=#9A5Q)QP5>1EB+,DPBM$@G-,B"83)! (0TA
MT:Q3(V1UVK7D>-)&7/ZMT:.2*:/>,@O#.B3)Z"&!:$AP0PRISU&)C)6F1W5>
M '&65HWY*$!T=HV]0*-B3*MD'!Z9'WD@>_AL=+0K)7#,*=\+XQ2H5"TP1B0J
M]Y0SIHX)$A1%C+C\$[)W1%2-2Y8'^&FAJS-%*Z@)+E,HVY27P8Y%!(S[QL"3
M[?02S(MFO+/ KQ+*[&/#,LF48;1ZT)VD@X#C&?H<%>I>2JR&\E>M>H%<?&)%
M'$-":QD!$*DQL*EC#NFE2^*O@<]'3%*_V4D:,Y_XE;9],L/61/.,LR,[%I&A
M8NCA0\8WU2@W .H],> V"X!RKW0[AGT^:0T9)J<<WD'; TT(\V&3?'(WE60Y
MV.L;CF3#1AEC##)8;]/M23E0:ZTJ,*+<HD0Q=@V1[?>E6%!XFRM\E8OFV*-C
MU[/:YJ*CD5?3@*=-(_UE>MPAWLT46#E0'+,R^S;0&)]P!D< =$)W'W*TBB#6
MM:#>9&8DAOW P:*21X0@27.Z)Y96CQRCR.RD%F)F7A7%<G\N;,K$XT0_0Z.<
M4Q@1+<_!9'RD#,G(%C*M65-G9Q.D:.P8"&:=&M)E@&ADB1&(I5R_IFF0*]^W
M1T^%MP469X*T;DJ7=$$C1K([@'TKDL<G!/NSVAJ^HW*\T0O:C=CMP 6?[IGL
M1&(K'#(9@6>/R0B"-G?;"%7&U5R)IK.GWZC6$M+S$5?$?4G"E<>553_#X[Y&
MMJZ1*0^RG\Z&9F?,=)3%V,Q-A 95Q-KCI)XK.618U^2QHD[M[1A@2U)W!H44
M!"L'DU.A"@#A<,QEGC1653R&(<#<H!;TE_-/NJ2>2F1J\LP=H"%DNREBDC>B
M,QEV=))3O7:"CL5DS@[NI#Z4LUF[+D*]M.IJYO.:8!FI28CA//<LZJB7>Z^W
MMFU]E<7-MC)FW4.2SE77V\MA7YT^HT%]IS<R$I,($ML_T7K<NIW#1I:/>TWM
MZ"W'/9U'NS5ZM&YI^ATJM1K:J=/GU32Q/<N/Y<4'G6(:L$7Q%IVE:)()3X[-
M[3$U*?4)=<U2UI\GPT.A:?>U.&W?LRVXM/G;XI*ES97CW%9C'#--*P2%D16+
MJ5]QUK]+/ .KGQ^!^G/PT;I'$$ GE[K>]2!1X)81;J^.:O,WO*>KL Y0" 98
MX"ZSX,XA \L@DPKFJZ2/Q=H^($<<LFB?:$UH0W!&SS=O=L]OZ31F0*)87$U.
M[8>Q&\<[LH%ID991*'(93UB=X:=859-7[!4FNN$BU77KNI6TV#RWB*6--C\H
MH(8XPA3<FSR2O!'1B_3]TW3']1+=\F5^YZ,<SC@\9DJFRM=!FN=^HZ=MD?H3
MBJ@"A*K'<E"BR!G 5]X^5TSU[L 6%19&DK*/SO\ :-\4/'7P1T#M^?2?&K4M
M=L=PWKM']':KVOH'EQ4:E9)+<ZSR"T[M'+8JQ;6C3/G%S)F,+)<_A%V9V/XH
M:CK%:SV>=+@T:I6LM9J:S98/-8G:.*)H5JUT0-'%-(&WD?JB"ISZ8&XUZQ_H
M]+RQ8<=<U?3GSG'N5!V-I@V;_+;O3;9HM;4W9X@FBN ;Z5ED# 0YR$'*!!>%
MQ-DC9(9*.(SP!KWAY]I^7M6AK>A>-EK7+,FGP:S/H$.B:-VQJCS6JE>:QIU#
M4_@]8JV3'DK7CN1TZV]"(D@DL.PC]/N3PQBUNUIUOLRO02.S+0CU&[++K-#9
M!9DCCL6JT1TV>$,?5-) \\FPC<)5C ZM3Y$^D-TV;J\J>0^ K6XIJ>\&AOZF
MG3F&IK<-8T9\?E52!$B]/_(-R91V(;D<Y0RHXQ)XG1Q^17RI&79X*T/$COKL
MJEK>A>,G:NM1PS3Z=JVE]Y>%.I_RJ[?URH52_H?<$U'Q-H5_TA4F_;.G006X
M7BM5E>M-$QJ/Q*[KT+M+N6SI6L>'>J:3*8X[=.[VYW=&FCZMITP+5M2TV*QH
M-EA6L1D%0EF1HWS%)M9#T17!G2EU&=//&]T=E^,L[RS<AU%O5,70=6K=;KC,
M\.[Y59EL546W3/FRX*JJ@'A^QXRDM,Y62I[LDX;[-KSO4OUGPT\6XM16SJ/>
M/:%NH4DCDKU.P-0TZ@Z.H91%(O?D]R&RNTKY\QO1LA*B!0$Q*^R_M2=N]LTJ
MZ:?VE/>U.!8X*^K:WW'J.I:[7I1NKKIT+20Q4(]*25$E6A4K5_+E0R)()'F9
MZG^HWEWIVX_R@^0Y!CZNJ!F@J)\AI&5O"O$]S%E-&Z,ZH)R115CS/D)4N!5\
MS*DZ< NONA'^]"^0\:[K*RIJ/A]XA:9K2)/7[5DDISQ7-.6QK.KZ:MZ&I+'*
MEB(IVU>$JQMB.W7$B6JS2(90()ZMBUV'W#_N@&K]\]G]QZ5)VWVY4I]UZ+K>
M@ZW-2TO5+-S3X.X=/LZ?=VFWW=)%%,T$LCU+!K/3<H%0&2O/#$)G2;TH=#/6
M%R)-Q1B.<.J_-75C0ZW:26NWZ>N(JZKL@ [NG9=B5]K0<ZW\R6D,ND$]EDM>
MT)D,ZR.6-4B$G,\6/%;OCPA[97NSN3LWMF_0DU"MI<7Z$[JU:S9CN3U[<U:>
M2G>[?TR%ZJ?"2"81W%E,CQ^G&YTY*[$[(T;O_7&T/0]9U"*U!2GMS)J%*M70
MU8YJR2HL]>>\Z3,95*%ZY3:']1("MO\ 4-TV]!/%'(FTZ9$ZG>;LEO\ &:*J
ML[!=AP/F=%E[@\_C^/6U#JZQR'+-=M_ALRUNYA<H=1)$9<O"""JC+",&(Y?X
M=^*?B3X@=J:%W?HOAMHNI:1K_P 1'5J5^](],U43T]2M:3/YE?5-,%!0;529
M8X&U4!DVL]C<3&$W=G9/;?:W<&J=OZIW+;IW]*\L3SR:1)=I"*:K!>3;)6=)
MVQ%-&7E^$!7#[80!N,7'=&]QB>-0>;>F'E34\D:T3425.?U?3X?MB9Z\W[)J
M]&;-?#LIZO><>:7WX<UF!:"X"J#S?$XT-A\9$)A=J=L>(6F:A/>TGN6I>[ [
MPTYY39[5[GDKTKGPD8\J6YIUZ*672-<T\SB-3<TG4+L<;R)#9$$_ZOJ':]VS
MJ-9=-LZ%'%W1V]<@2.;6](@EM0M<DNQM%%/6W&W1=:<WF/':K5V"P&4*T3>8
MXWT?0]]3#1R3U=+T@=5=[3!VDAX4QG F\M\M\I@Q5>"='96>3(SI$45<7(T0
MAI<@7@Z,ABN<V.1CY=[Y[:J2FQ9[IT=?AV**TVK4YEC4M\T\^2/. .2OL,>V
M1TW0=K7YD6)=&M1O/&H<+7GJ-)DHQ 8^2^TNOW=W(X]LY)_#_2#^HWI,T/9Z
MOA4G+C6$9]D-46-QPWF]4&?4V4-=,+<5NFWN$GHHS@#I+>OB,*6 ^,$ES&1%
M-A;-#[GVG?"_0;)-CQ"[9>6+"-%#JD2D;]S*T<=&*=Y65E",J1Y4ODY.>I11
M\'^Z+0CFB[>U*/SE95D6!YF]#HNV;S)4";EPT3,Y#*I ( X(K(?3:Y^QNP8%
MR';<6A9>M!AD'^1SQT[YNRD/D$ADA$()"W-U<(ZJ*)(C/:0!(-/*.^( PD5T
M%C*^UOMM]B+ #IQUG5)?1M&FZ%W/>5B=HD1)8>VHHY".2"&.<<$YST1/X"=Q
M&=Q:,=4?K TEJY5K!4R0K"&;576,L,?(D'.X DJ2/S729KZPV%E5O..:(H=[
M6LL*_JZXYB&D9'(KI/&*F?\ <1/D,=*R.-B$1H^2+Y#U1)562P_;P[9J0YL]
MM=^M&.2K=C]T%,X!Y-BA' RJP]^&."2OL @;[-FHV7"IKN@*7!_6/JNF$KRP
MVE4,UC<0"0%W[0P]6X$!QY_@SZ@ =E8"X@O-;:G24AM>F?ZHN/;(AH7=[1XT
MAN.1JE'N=$C&S^Z)'#Y(Y8QD9_)^I/4_W1/P#A2O_**KW-ITFU#*;?:S4MLC
M;2VYK2P[MC;@K!QNXPP/'3-?^R/WQ--.FDW-'U&&.5@EFO>FDCLH"<2!111X
ME;@[)8P5R0<8YENG%^H-B%($O>$>5]$<@D\\5'F+>OV$)H;/:B<YNFR]CI<"
M.JI-+VJ;;35MN3"*0Z(!S9!'$R2/[>'V8=716H:M?E4NJM)^C]/9DD()&:J:
MF=0>,84&:O4FB3>NYN& 9W^R1XIUXGD9M#BF#'RZ'Z2FAMRQ#8?.266G#I_N
MQ41378K+>6[+#MPS#ITY\UU_1+N^6K+E_I\Y4X2&Y6TJ6F=#%XPU.AAA*%%A
M6U !M:&B(E;&22\BQDHQH?@UK9(8AGO8SM&A[*\:O#+O#NSN2?MW5]/?2'IU
M[,=*HEFSJ=>?S"MFQ8I)75Z=:5B&7&X"5]@ !Z,[U\*^\NW.U>WX-9T[4!JR
MV[,$MNR]2/3+-<Q(:T=>VEJ7XFU'MD#ARN456WDLQZ(G?\^<1\@=0O&_+I11
M9)O&F<+D(@J,S'J>2JK/GQ&?=%J\BULET]I3#Q&DAJ/"0QJ/<L;7Q^#X'W[X
MSZ-2[@I:UV&T?<EBO7BAT^E:^-[?T^[J#RS)+4GU>]6@K4"D1D9I)I$BRJJS
MJK!@XT_ _4]>[)UWMSO*.30*5\R?'VZPH:O>JP1&&:"Q!IL+VGMJ\\<2!8X)
MG =G"%EP9-NNMCINNG@4^"ZB\MCMB385L[Z/J4QW)W"U0513R2?+6'23XBSJ
M!9YE8V(,^69]? JRO(9.R)L3F"[]J+QQTN)K&K_9UU.32S&Y74.V.Z=+[KFV
MG[C1:=H\MRY8'.[,<>/;./G4FG_8L\%[MA$J>-%E;44RF:EJFCP:2@(.]XY9
MK\5!8F/T!=O90!E2#I_T5V._UYNA[_\ BGRO_1'U0'_\1_=/_P#*#Q#_ /N;
M4?\ ]FZZR_\  SVY_P">>B_]'!_\=U1#=<^<Q\AMX@N^(>*.&Z]F1Y@T^1U.
MB(K[OCK';C+V=7E!H]]:B9_74Q5I9I!#<:6Z-REEHZF6BI;"C@M=*#<V>>M^
MI9?BHGK0O?GW59-T!K7+<";A7DK@3A6@2PJQ3,2LBRU0_EV$7SHHI(Z=FJZ5
M>L7KATS3U_2:-\4UC3J,S@/=%UA780S301K+&A1T\JV 98&Q'+)'))FSS>D!
MWQEEQMU<7>(XR(S=*]Y'3\,3QYR_7<A143OG4\VANI,-6Z')MT;SWB2&Z*,<
M.CKZ<0#,+8G7MB.\+3ME$(OF4*&],D@;S-S(5<DABY1%,:#S%"JQ5@^$*LQD
MIB8L:+0'<>4B"X8$LZJ59BBLQ+R+Y1RYW;E.=_2/P?D^0>?<AEMAGM[Q+:W.
MBIJH^\I;#=?/NHKHJO%DNZ^PKJH2XHA(ZRR)G '\+%$^+$*UXP,CW012B+4*
M%0K':KK^L4^7,(DWN5 W8/I>1T++NV!P"1[_ #B5G3M;N/-+0O2")&&^!I9<
M1!^$\P%&CA5]KE [*2 1C(.*_P#ZD_T&M]U2757KVU.>RA8>4T-9;-BT=E95
MD%R]*PG-:C()(^3^'C(R!BA--3PUDF?O*R5IB!"W;2+(IFOI1U2='JV8U4Y2
M595:,#YJT8 (1AP&.,,/<,3D/6ESZUI-=XM0K-.%D22.2.2-R8L8D1VV%WP,
MO&-V5; W;,KUR-]<WTF.=^BS3[2_N:;<OX1I[VGJ\]RO85^<,AMI[UL; ([=
MN=U)A-&39G17,5.MT!3ON1JDJ:,6$F(T02*:G6O:9*J&JDD#[A%.+"+O5%]3
M!-A;[S*A1<G#!L%03U-]+MTM7C9Q:=+(.9H7@D9U=F) 9BRAV(!8MD@LI )/
M/4/])7 T5WRQ6365</<5SIHWR_>:ZLE%]F)H1RQUY<LEG#6W)Y1  XV@C*K2
M\[ V[LQR))ZDZ 8D5H[U.:.W5F_6&)H5K79XC(N)1+ X1(/,68-&&4S%=H<-
M%DHZJ3JLNCV7:@:D\DM:S6E:]I=.Y' LX519@%M+25[<&Q_)M1(MB!V22&:)
MO5UVA<-_2:^G-F0R+:/ CVNKI*&'BK>;;C+E;E<C'7.F)P==2<L@@:#/;.M+
M/ M+\[7Y^Q%26.JL*D4AL8J1DD1S21NU]+UW3*<6IZ#IFM1PSTK_ ,+?;]5#
M>TVXMNA-#"RF!+%.Q#6GJ2DAH+2)*-GEJPKB]WKJ^@ZG82CJ=C3W:O)!\350
M&22O>KF"VC2AEDD@LQ231S1;2LM>1U.\-MZUM_\ 2CZ$.5JC/Y&2LY2R]-Q[
M73T.'7)<HZNV7.T1-A.<2!1B<CD;H *L^<69.@$-9$R.0HA\+(G33=Y(.R=!
MK5Y_A=+33?TE9DU*^E9Q$TVH310QRV)^;$,MJ5*\"R3X9G,0R[<,8U#XD:Z9
M0UAJM]J\2U:[3K(%6M$SF)(PAK2+$N]RD;<*&*[1["N#G[Z.7&72CSKQ;J[S
M=76MZ5+/6YZFY7O8<D);V^+HX;6M+L4VE!G8VU&RS/VP,=Z6F2#HM"48PTZK
MKW:NFH':JLNZ-'LP:<K:;6GDO3+9GT9[<,TITS4*N7664TX':2-H?.F^%*Q)
MJ$2ST9IH8IR19W;W>=2W=*7GK5EBD@BU+R;,/P]^M. $BB^*F0+()=D1EW3O
M5<Q6(XI#DQSQS/@.M+<AZ7+?3_Y=^G7:\&9[91AQ8+IQY QF&Y*?G&6UI80E
M[RZY/H\]>$<I;:NDJWZ'3U^UKXR38#9Z"(,4ET3Z3T[Q"\/>SX-*7NE+?;NH
MZY274K-WN**Y)/JKR(LMB>I=UJ.'6+E"-VD%6)--IQU8'CB33:$0CK1VM<[/
M[O[EN:E/HY.KU--GDJ>1HT49AJ-YC>2EB/2OB=.J3[03(?C9?B)1)(;=EE:5
MA+X9=]7+7LUG35R]9\O4O(>2IC]-Q#R7R!4WUGFR/=17:#A79\H6-)'GC,_I
MEI_NW$.VFN;K'9[0Y\C*AWQ%-?5EKF:]\3M<\"Z5W0>]-6U+M6[H.O3? ZS#
M%/7^/CVE(:O<M;2EV7+U73K6H1:=KU:"G-9@KZC5NJT T_48KS_VOH??\L>I
MZ'5T_6(KM&-IZY9;"UPP\QY*#7$<QUI+,=:2S4=Y1'++6DBV.;,.UOZ3HM^N
MGJZ>/,6%7LOX:M0RI]!FM#R3P;?X8T&5Q(ZC244.FT5.>6>R(=TLK;&!(8I9
MO?$6>:2=K,W<?V5] LQZS:73Z5R+R#2U*GVMWO4U*,[5DAGKZE0TD.*XC(:.
M5 Z,S920_=90M?Q+MJU2M)=5-T@GAEUO2;%8[@?,C:E9N"19"3L*':=@P1M8
M],5/I5=<=9EV7]GT^2&:^GI]+5!TI.UXP/S@==:51I]T<!1A[>PAKYM7:J$T
MROJ!;NT!L:NM)R1^3AD(;ZEU#[57V<X;TT>K]\33P6WKR+/#H_=\5A9ZZPQT
MTN6+';L"3Z>B#R[;2K!*L!GD>>R\P>%O_P#!]XE^3 E+2Z8%2*W!626;0S"L
M-]IGN&&O'J,ODW0S"6K*FY6E\B,11F%FFILYZXYXPN^M#DGC#C+AKE3%..UP
M%!F.%<E6.TE_3;Q VA:S)9H6[OC+XZACU2V*8L:6RLKA:SX A3BI1TDFZ>;4
M-%MP+JFE:A3N:):@ANTM4K78+&GV*<T231V:]Y&:O-5E5MT5A6*R1%74C..J
MK2OJT<HJVZCIJ:220V*DL,T,Z3(2I5ZXC$D<R$$O$% 1L^ZKS=98]//$_1SP
M.'8_4@KDJ([3A<^KX?Z,:&],GZD*R-F@&V?WW7/HM&F XC'?<P_+,;M ]:=/
M<#QQ76(SMS.@.CIR]K]CN'N+5-&[#6"6[!.C:MK4GG3Z7VUYM5:[&XX*B75I
MX6E-+10YMI)+!8NTZFFS5[POBVO:^E=B=KOJM>Y'J'PLGGN9%2769S;LV/A-
M)@(P:$$C4Y+NL#95*QRUZ=N>ZEFI,F\=?4HLK?A/.<2U/3_TS8+A+#7FFI8N
MER\O^HDG774=ZV?81V]N=DNH++X[D.WNK"_^XZ+8;/BJA&KRB"J^H">D U;$
M=4[$BUCNV&C='=NHI-IZ6$[OJZA2IUX&CB:#X:1:NET?A;'F5XH8/A)M1L/$
MT5BVT:8D,"U36I=%T*74 FA4)8+/E-H-JC+:L!)"EA9E>>W;::)8)GE<6%IQ
MAUDBC5Y"5#0X*^H'TP7G).;XOZM^AKIFP7&EEH*P4[ESIZK.2*5N MV%RLA)
MT=#R59:BPN,]'92L9IFBV 4/VZ::2.=[?<5H^\/"OO>CI^IWNU.__$?XE=/M
MTGTJ]W4VHU;,,ZA)?T/)K4%ZCHVM",-^C;]JE:@@L>7&PH+,U^ KM_OSMVW8
MHP:MVOV6JFQ7M17Z_;5*C8BEC;?$^HMI:U[NH4 =JVZT-Q1+#O=X+YC%27H^
MXXZ$_I^BFAZ#,\$\*U!H;&6E3;5N0SU@LH=I'[P5W0VJB#_)&MAI4)'('9&1
MXO6,J(8R(D>)I[.\%.S?$#M:GJ]7QG\?^X=/U'S*EZEJO>-'3YJ&I4G,.HZ-
MK6GZ?V[5DH7M,MQ/6MUK+@I+&2I>-T<H^Z?&?N_LS7+FEW/#?PFTJW3*SU[5
M?M9+*7:=E?,K7]/M3WI4LP6X7$L;0[BRN/<C(?7)OTKNA#J'@(EM*+(T>T+#
M6%FO;Q7A##@GBP)!7126;8@=.4$+ R-(HP])GRQD:U@QT?XF;.8/ BEVU$)-
M)[Q\5IC"T9CBM=]WK\;+& @#U+526LZ(BJGEF)E,:K'PHV&)U?' WC\);[2\
M.JU9_/>2*GV9IFFJDMB:2Q*\4U62"1)+$\LL\TNY7>65W;?(VXBCP%])S6=!
M4NQ7B5,AS#F='J8=+9F8XK39GDE*2BK;JLHJ>;![/6:>OM:*I=H+PX..DW)=
MM.4><P.AM3U!=!17VA? 7NCQ4JU;>B=T1:AJ6D:++5I]M:U!2ILQNVJMVY;I
M7Z]>O&E^R-/J5F2S$(G$$*_$UE,OFWGX,^/'9W8UFU4U?MV72Z6KWTFM:YI<
MMB[Y7D5YJM>.Q6GGF<U*WQ,\X=&+(9I/U4Y\H)SG]27T>.6<5O\ D+?].9V#
MY=RMI-=6\O&')3H,_P JX]2;&*VMZ.RHM4-7AS'5L4B@06B6='I'PD]_M%?9
M20O>=V5]HZ#18J?;'B]V?W%V#W+IDM;0KFH3:'>O=HW[BPA*[U+M6.Q9J278
MT-CX:6":O7C/FPZG/ IF4_7O!2]K#SZSX>=P:)WGH]Y9M4IQ4]6I5]<6H929
M7FJ3R0Q2+7E<0RLDB2&7]5)4BD_5FPOZ.W)_/F6R%OTM=0N8VN2GP<!FQX:L
M-CD-E5STN/F+I(+//-LK4&GJ]1E)+/0COJ:ZJT?W2" 6S@<175X>9>R'>(/B
M=1\&>]H_&GPDU/0.Z=.[ME30/$WLNAK=-J&LW:D,\^F:T5JM;L:/KM>"K:K-
M>>B5=TC$\4C6[I=VT'PEU#Q6[;N>&O?FEZOV]K7;5<ZMV5W%>TV9)JM229(+
M^DNTZQ)>T]I9:\L,23D1*[["B0P!+\<D+U Z@JR,Q\/!'F%# :")/M.0<X/6
M/BEABBDMT-R.B2-)9F23C$P:F8J.=S&2-AC1TPU@=M?;VI=SU;RU?";N>[%3
MB1K\BWZC5-.,H8P_'7[-2#3ZRS&.05G>SB3R7D8QI'(R4UW']D&]VQ:@74>]
MZE.2:1A7?]%.\EP*07%:"+418FV@J9-L$:@^E"Y959:WO3OR1SWBK;/]6/3A
MT[\K9VX&=0S'4.OMPM:)7R&121E46U?5CZP<^DDABL*QI9EU2QD1*1'0E3PQ
M-5,_VHM+U,78=1[$U73JTD,]W3M0O=Z]BC3%MTJ\[I5IW-*NW9(M0M,I@J/.
ML,+2L8I[45>65RY4O!9M+FIRT.\*=B1,5KM4]M=P"P]>Q)$CR3)=G1/AT'ZR
M>'=*OEC>E>2PL0%;W#?TM>*^C.\VVTXCR!DFJN<21G*ZZT.PTK[<<(RTD,M*
M\*IM3Z@"H;91U66GF,KM.^YG('(#'+J!A?DG\*>*?COW)X@:M4[7[JU1X>W]
M'[CMZG^C9J&A25C!04UZ33ZWI*6:7<,T<<]]%;3*,NF68VCM5XK33)%7[.\+
M^Q^SNV8K&I:13<ZW?T>&@;\$]Z=6EG/FVQ!IUIO/TN.1XZD@6W/)-&R-%+-$
ML9,V[S3U9=('3Y6Z_J<U?1^%L]^+R#7\7D[:GZ?,A>:RYT>6I5"$M*K4:>1+
MP#+54%0VG'T%SI1Y5G$@!#")EC'$9)_#O0O&3N2_H/A[V-WCHFB4YNV#W;!I
M([KU%=/T33K]YIWCFT_2ZKV'UF>6VVH6*T)MA4F,]FQ"I.V,=U:IV'6J=P=X
M:_VWW%+^B^[K?:$^HW="@AU'6]0H5( ;M:S;>"N^B)L.FUKLD56*6>I+'2CG
MC*36!LY"^K3]0+1XTJTZ>^">*N+J&.OD)$_C/:.L+<05(XUAA^S9L?#4P5S)
M[J1QU,=YI'#3M>PQ&HUR)<O:W@1I6M]PKHG=?BQWYKNK36#"U3M33*G;%!I(
M][V ^I79=2U2>M$B%WL-7I22(-T>[(5JY[B\06TG2&U;2^R^V:-(0B59]=U&
MQK5K:[*(<4:L=:I',[N%$0GG17!67 !Q4SRMU\_4#Y$.FK]CU8ZB&WLEBJ*W
M*\10A8=:[1E2-]RL-L$K\YLIPVQK[;;1Q),<4[9',)GC]AQ'5NB_95\#M$B$
MUKLV'N&Z%7,W=.HZKW-8DESNWSU]9N3T@& SFM2BC/!V-CJDKGC-W]J(;R=8
M;1ZHRP32*='28A"1QY<E&#SVY_9FLNX&#QZAT#>LK.;MI?Z2+ECG\^RGHH R
M9'S<L6O(%U<J44T18*RJ$T!MN:6,DC93AGU["(A(IS?8>.*9+#.Z^@]M]I25
M*FA]K:1I$=AY8HSH.C4:52J8XGF!O-I]>-JRR*CQQS2((FFVQ.Z/-$)(_6UB
M_P!S3N=9[GO+ (VD:?5[&H7'?&W"5XIF<SN[E<+&^1OW!2@=EC";'UIE?;_;
M[_7@V=:"(J0:LEPYTY4Q4L9)5<!6SVT10(@\2*3!8'U)$;I'/BF(2-\*.\$^
MIL5:>2KY;RG:*[3R_J=FX%WD95#;@1N7ABR#8#N()ECT)8+#03W6GBB0K#9C
M@JEY7=4_5^4TXDP&WM&WE[8U9A,S%4Z/OH+P'"I!-_5\H\8V_.FEV!M=1Y&R
M9N3\;0<9I7"GW5YI;8\622@(J2Z28,PR:W@MY1!P'Q5J5I[YIGGOW+3T!=3M
MZAI-G6(JFF-;BK4XI[-V>56=?AZ5.!T:S;DP$@CWJIDV^8\<>]PUW]!NZAHN
MFW=-UJKI=JUK[Z7)#;*10K62I#.+$]B42-&C2S>6JQPF23:_E;Y%$;%EU'9S
M*Y&IJ<O@ESN5IX<$HHNAX_LI-,=(VY@M[@#3/+,+!,)T00)@,($!UNEC/7U=
M-):V[+.<R:*-^&G=UKO7MW4M1U*C8IO'KFJ:=%4NT_AYJ\=%88O*=7D8S2)+
MY@FG_5QF<2Q1*888I'<^XM.32-2A6HP59*=&VWD3R-&6F7<7C++F-)%"N(P7
M(#>9D,YC6&.GGCOZBNGK;'2=(/5/IMO3YLJ(.XK=QB]#CR?<FC24<0JR#%VE
M=-.1$K?*,#6H^"-8W$R#ND;W(UWP][ UY/,[@[2[3U-F7+2:KV]I<UI>"2!:
M%::PK+R"\4PQ@%7SC!^F]^]V:0RK2USN"B,D(E+6;;U2%PN3!)-%#M((.V2
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M/N,?GCI]TCLO5-0CWZ7OEEWX:JI&\J.6,<2HH?8N691EB 3ANB;Z-^"[S3Y
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MQN)(W=#U_?(Y^_UW,;_^\T__ -']/W\F.RO_ #>M_P#.J_Z^D7\I=6_Q:?\
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M+C9%78?,X;JJ/$_Q(?Q,U#2M4L:1#I%NA1DHSBO9>>O.AL-8B>))(D>#89)
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MVIW$^C-VQXL:3H-&"F[:I'3K=SRW)]0G*!HT2#M\"2K6BB @D>6NSR33F2)
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M,4^J:3IUV>#&%CELUHII H89V[B=OL0I'//2U_#M/_V-'_\ (3_S>L_2-O\
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M ?O?N'^D.CS[+_E'_1ZU9OYZ?]KN_P Q?1@]Q^8_CT4_LG^0/XMTV2_Y[_\
MMA?^.3T<OW3^:_Z/1'[!_P W^"](LG\YW^W._P"4C]9\G_R!_'H8]OWG^)Z_
M&_XM_P#L)?\ -9ZP^X_/^H]!/LGYK_#I$JO_ &6*7_X.K_GL]<D_:9_^2:5_
MD2_Q7KKO[,WOK7_UD'^@O56G1Q_^$ W'_P 774;_ /UVU'KH7LK_ ,4^U/\
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%Z+Z__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>50
<FILENAME>g494294g94d71.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g94d71.jpg
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M&/@8B/CJIW6>H[6K]6:CU/=83+&<S%_(S)S,^&I]@RK5PW_%56MX-9(>P)4
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=5/R#U"4*2E4$SZ7'5>;(JU88R8)C'.:US2+K_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>51
<FILENAME>g494294g97r90.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g97r90.jpg
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M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" "9 EL# 1$
M A$! Q$!_\0 'P !  (# 0$! 0$!          D+!@@*!P4$ @$#_\0 31
M  8" 0 "# D)!0D  P    ,$!08' @@!"0H2$Q0:.#E8=WBVM]81%18W=I&7
MM=<9(C0U-E9TM+@8(768LQ<C08:4EL;5V#$R4?_$ !P! 0 !!0$!
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M%
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MOLNU\9Y\<=EGQAV678<9<\\8]EEV/P?#R /[
M
M            &._*^)_*OB"?*B._+CEA-E/$-^.FWY5<Q@A>F:SI'Q'NZ?C?
MXA)<UB1N-=^X_B\M>J3I,E'"@\LO(#X:^U:O:DSRM<[(@3<CCDN;Z_D"M?,(
M\C3,4\=B690U0EX/4.)939+G,B1Q\YOC:W,EY6E/K.8F1&8N:+D\#/@
M  '.&DU.>)70W2)4U/HU>5-0N\>EBF=F0U3!=6&B\&R0URZ0:H3(;,))2DWK
MR:1^:TLHL""'K)%VF(N)Z5Q9&E>IQ;D*G%T%$W>/V(?2+F7.J)NJJ;JYE147
M-WS]>5#=(0EL7HE$LGHJF\JPUZN:(8/YE)RA\J^-PJ/XT7=4.F4VE>N,=I[.
M!P(M:C?V98PDH;#=VY@DY#16K PP1%.)A*4]2MV_/RKE3)DNM[HN=;+OY;)Y
M<B'1B!\
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MUF\53"*B.5&I48"JY41$_P")E55LB?0WR34:Z9H
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M'7Y:ZFXD<7@LM>)M&(;E9RB4&RMXB*5^?WDQW8I*X/B.7HEN#;,\9"A;FDA
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M#X6']]"X '*AT&
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M4#7C,@ <;_6R_P!*T+_A]G?]37X2SU,,U;XZ;ZIXCO#W]%_OG],<=XE<CL
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M:Y<A8<QHD6'#_)T)-DB,9?Y0];8SD;>VQ9;7.RH1*2* ! ]UC[Q7\\\ZM/\
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MI#$?&X@ 5/6]OAO[D^E7L-[79>.G:+H:D^+)#FL(@:JZ4J6OSG.(AJH,F>
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M@.>B9P .-_K9?Z5H7_#[._ZFOPEGJ89JWQTWU3Q'>'OZ+_?/Z8X[Q*Y'8
M=5_53O")VJ\RT2]><!&75-[!IFMQN10WS 3LJ?U>%RBG<"(<),  KK^L>^-
MGWFKI_U5Q$]X =K<#69OE5(@PQTY&\!+\F0/C=35@   [[>JZ>+TLSTM[%]D
M]&B$.J3IV6\50.=SI*^!&B(VOQN0ECI#$?&X@ 5/6]OAO[D^E7L-[79>.G:+
MH:D^+)#FL(@:JZ4J6OSG.(AJH,F>    +2+HF/%JZ5>8&#_R60YNPI[8JOKL
M7V$XT#0U-U2%ZB0X8 RYK7N;X'VUWHUWI[+Y2,C1]+4OQC)<YA'CJ.CY[4YG
MD7E3&.GR P   S"O/V_@_P!,(S]](A:C_41O!1/N*78'U\'PL/[Z%P .5#H,
M      #3>SM#-:[?M\ZZIW#UKI*'-15KC*FLIY6(XM-WRC^)[_L<D4I9R.QS
M5/M<<V9,N6!>WK&W)3BX(B'_  >DS#'R6L5NJ);^.ZF:^7R?BZGW]<--J1U9
M4.BZK6MYX=7.NJ@I[XYD3M\;NB.IJ"8W:.4Y7Z=3@F1\*&J"LSZ[HTCPZEN4
MO>^%G!DKDK^<B;LT8*JKGWU7RKG7RV-J0*   !I;OKNW NC_ *#/V"L>)2Z:
MQLB81N&Y,L)^)OCSE=)>[^Y56/QZY-2#N5/W 9W1\*O@[\_#M9>?YWP9>B4>
M/79Y)&7BPH,1842-CQL?$M#Q;I\QKG77&R9+&-JM3A4F46;C0XD5B1&0\6%B
MXUWWLOSW-2R66^6Y"3WU-J'Y.FR'U5C[\C<>MI5>'T_^9^":SMZI_ YS_P /
MQ!WU-J'Y.FR'U5C[\AUM*KP^G_S/P1MZI_ YS_P_$'?4VH?DZ;(?56/OR'6T
MJO#Z?_,_!&WJG\#G/_#\0VITJZ?773=_9* :SP&F+JB,JL(B7J&U_F'$%^3Z
M'&'0J0S==PN^)94YN/9*D$=4I$O:$1O'=9Y';N2R>V&88RL8#S]&I\>HQYN3
MBPH"PD<R%LVR.V6-#@I;'A-;D=$15NN9%ME/=3<*Y.ISL&2A2TS#B1MDQ7Q-
MBQ$V.$^*M\5ZNRM8J)9%RJFYE)WQI1M0 '*;UEK:G9+6MYTY)H"\;.IPJ8M=
M\&RHNNY>\1;"0F,2NH<&;-VQ:E2?A=DUXN[IBAY/[/E/PO5\%]CV[/X9-ZGE
M,I]095EGI*6FUA.DDA+,0F1=C1Z36/B8R+BXV*W&MGQ4OF-$PTGYV2=3DE)J
M/+I$;-;)L,1T/'Q5E\7&Q52^+C.M?-==\Y=?RI/2.>6YLQ]KDO\ _9"2-K=
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ML!ST3. !QO\ 6R_TK0O^'V=_U-?A+/4PS5OCIOJGB.\/?T7^^?TQQWB5R.P
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M0A\DH "N0ZQ+XU&Z?H52_LMC G_ /M9DO"SG.HI#V%^G9CP4MR+"#X;B:P
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M=!@  !I]TAG@![Q^A]LQ[%YJ,M0-.T7QM3N>03'U;153\7SO-HA5(#IH@<
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MD>@  !UG=5&^>'<+S:U=ZT2@1?U3NQ:3K$SR<(W[ /LBH^!@??B';$(?)*
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M51R7M+(MKIELJ<9T:=P63^]D'^SU^_$X:!DWE\Z>XW#+OIYE]X[@LG][(/\
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M)>E2K>$4CNS8<NKY\36AHS*YW!['IEA?"'PZ6OT8@AUFQQR@LO/9V?A9"Y9
MRS)(ID#Q&&=SBR)ID_QG&S\V='P\BJ-55:G_ %65%XUMZR3&)/W$IBL9D_"7
ME#Q(X^S/W"+D[NGE'P[MJ9PX2\J.U$=OY3]T=J[=V@GMO8=GVHOLNPX'R9
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M@DQC+PLG3HC?HJ@0PKN&8,!TD1\O29A%<6RJBJB*B7X\ET\J[B927 #Y
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M3^K,H%4S+Q>U"BYTX_8IG(H5                  #PEJVBUK?5MK-K)?\
M33PXT4N):[I0M=E0]>LJER4*5"(AOL),E>#3HBM.<$BQM*2OF"(XQT1K&S'#
ME>D4)RQ545+714OE2^[Q&3([NIEP45TD0VQ6ZQ9;V3EA5*)/-HX:MLG-F;')
MZ><((CP<>5,KS9VAG=G-VP8REV3:A:W!2MX(*1J,BQ2W\,_>,H;9O#GF2O\
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MIFL7"P_BZ2DO#RXK(4HB:9W<LW%&H3)11;;GEM>U^]?R>7-D-Y@*
M         8-,OUA7_P!.4_JS*!5,R\7M0HN=./V*9R*%0
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MI9?])?)ZD)&,?G).^@Z;[^5BW^9^U["Y^?\ L^TS@?)]
M                          8-,OUA7_TY3^K,H%4S+Q>U"BYTX_8IG(H5
M                                          P>SOFVL+Z#RS[A7BJ9
MTXT]91<R\2^HS@4*@                               17[(?//,O^7?
351B%YGT4\OK4LO\ I+Y/4A__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>52
<FILENAME>g494294g99q77.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g99q77.jpg
M_]C_X  02D9)1@ ! 0$#P /   #_[1\:4&AO=&]S:&]P(#,N,  X0DE-! 0
M     "\< 5H  QLE1QP!6@ #&R5'' %:  ,;)4<< 5H  QLE1QP!6@ #&R5'
M' (   (    X0DE-!"4      !!NLW+>^?]VP]#<(DB_*WW3.$))300Z
M  #E    $     $       MP<FEN=$]U='!U=     4     4'-T4V)O;VP!
M     $EN=&5E;G5M     $EN=&4     0VQR;0    ]P<FEN=%-I>'1E96Y"
M:71B;V]L      MP<FEN=&5R3F%M951%6%0    !       /<')I;G10<F]O
M9E-E='5P3V)J8P    P 4 !R &\ ;P!F "  4P!E '0 =0!P       *<')O
M;V93971U<     $     0FQT;F5N=6T    ,8G5I;'1I;E!R;V]F    "7!R
M;V]F0TU92P X0DE-!#L      BT    0     0      $G!R:6YT3W5T<'5T
M3W!T:6]N<P   !<     0W!T;F)O;VP      $-L8G)B;V]L      !29W--
M8F]O;       0W)N0V)O;VP      $-N=$-B;V]L      !,8FQS8F]O;
M    3F=T=F)O;VP      $5M;$1B;V]L      !);G1R8F]O;       0F-K
M9T]B:F,    !        4D="0P    ,     4F0@(&1O=6) ;^
M  !'<FX@9&]U8D!OX            $)L("!D;W5B0&_@            0G)D
M5%5N=$8C4FQT                0FQD(%5N=$8C4FQT
M4G-L=%5N=$8C4'AL0'D            *=F5C=&]R1&%T86)O;VP!     %!G
M4'-E;G5M     %!G4',     4&=00P    !,969T56YT1B-2;'0
M      !4;W @56YT1B-2;'0               !38VP@56YT1B-0<F- 60
M         !!C<F]P5VAE;E!R:6YT:6YG8F]O;      .8W)O<%)E8W1";W1T
M;VUL;VYG          QC<F]P4F5C=$QE9G1L;VYG          UC<F]P4F5C
M=%)I9VAT;&]N9P         +8W)O<%)E8W14;W!L;VYG       X0DE- ^T
M     ! #P     $  0/      0 !.$))300F       .             #^
M   X0DE-! T       0   !:.$))3009       $    'CA"24T#\P
M"0           0 X0DE-)Q        H  0         !.$))30/U      !(
M "]F9@ ! &QF9@ &       ! "]F9@ ! *&9F@ &       ! #(    ! %H
M   &       ! #4    ! "T    &       !.$))30/X      !P  #_____
M________________________ ^@     ____________________________
M_P/H     /____________________________\#Z     #_____________
M________________ ^@  #A"24T$"       $     $   )    "0      X
M0DE-!!X       0     .$))300:      ,U    !@             %HP
M"B@          0                         !              HH   %
MHP                     !                         !     !
M    ;G5L;     (    &8F]U;F1S3V)J8P    $       !28W0Q    !
M  !4;W @;&]N9P          3&5F=&QO;F<          $)T;VUL;VYG   %
MHP    !29VAT;&]N9P  "B@    &<VQI8V5S5FQ,<P    %/8FIC     0
M    !7-L:6-E    $@    =S;&EC94E$;&]N9P         '9W)O=7!)1&QO
M;F<         !F]R:6=I;F5N=6T    ,15-L:6-E3W)I9VEN    #6%U=&]'
M96YE<F%T960     5'EP965N=6T    *15-L:6-E5'EP90    !);6<@
M!F)O=6YD<T]B:F,    !        4F-T,0    0     5&]P(&QO;F<
M     $QE9G1L;VYG          !"=&]M;&]N9P  !:,     4F=H=&QO;F<
M  HH     W5R;%1%6%0    !        ;G5L;%1%6%0    !        37-G
M951%6%0    !       &86QT5&%G5$585     $       YC96QL5&5X=$ES
M2%1-3&)O;VP!    "&-E;&Q497AT5$585     $       EH;W)Z06QI9VYE
M;G5M    #T53;&EC94AO<GI!;&EG;@    =D969A=6QT    "79E<G1!;&EG
M;F5N=6T    /15-L:6-E5F5R=$%L:6=N    !V1E9F%U;'0    +8F=#;VQO
M<E1Y<&5E;G5M    $453;&EC94)'0V]L;W)4>7!E     $YO;F4    )=&]P
M3W5T<V5T;&]N9P         *;&5F=$]U='-E=&QO;F<         #&)O='1O
M;4]U='-E=&QO;F<         "W)I9VAT3W5T<V5T;&]N9P      .$))300H
M       ,     C_P        .$))3001       ! 0 X0DE-!!0       0
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M!0$! 0$! 0         !  (#! 4&!P@)"@L0  $$ 0,"! (%!P8(!0,,,P$
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M ', : !O '     3 $$ 9 !O &( 90 @ %  : !O '0 ;P!S &@ ;P!P "
M0P!3 #8    ! #A"24T$(@     !?DU- "H    (  P!   #     1"K   !
M 0 #     0R    ! @ #     P   )X!!@ #     0 "   !$@ #     0 !
M   !%0 #     0 #   !&@ %     0   *0!&P %     0   *P!*  #
M 0 "   !,0 "    '@   +0!,@ "    %    -*':0 $     0   .@   $@
M  @ "  ( #T)    )Q  /0D    G$$%D;V)E(%!H;W1O<VAO<"!#4S8@*%=I
M;F1O=W,I #(P,3<Z,3(Z,30@,38Z,C$Z,S,     !)    <    $,#(R,: !
M  ,    !__\  * "  0    !   *** #  0    !   %HP         & 0,
M P    $ !@   1H !0    $   %N 1L !0    $   %V 2@  P    $  @
M @$ !     $   %^ @( !     $              $@    !    2     $X
M0DE- _T       @          /_A 8!-30 J    "  , 0   P    $0JP
M 0$  P    $,@    0(  P    ,   "> 08  P    $  @   1(  P    $
M     14  P    $  P   1H !0    $   "D 1L !0    $   "L 2@  P
M  $  @   3$  @   !X   "T 3(  @   !0   #2AVD !     $   #H   !
M(  (  @ "    \     !   #P     %!9&]B92!0:&]T;W-H;W @0U,V("A7
M:6YD;W=S*0 R,#$W.C$R.C$T(#$V.C(Q.C,S      20   '    !# R,C&@
M 0 #     ?__  "@ @ $     0  "BB@ P $     0  !:,         !@$#
M  ,    !  8   $:  4    !   !;@$;  4    !   !=@$H  ,    !  (
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MXX-^:H(FY  \R%XY\QT\^?/@D")@^WC/=RS[ M'Z*X[4WZW-KW[4%Q_UHZ)
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M,.:0+W-&K:7#[.ZHU+:\I,;4JVEPPT+BG3>][&/J4:@;5:U[Z=1C7N #C3J
M9:Z*P8&@^TOW02D]"[>\J[HLNRE78-I.Q-*7D;.$H:&8O%546CB04!5-!N5R
MH@N"!3J@HJ""YTR&(BJ8FVL)(&H SG3 T]O:8D\\*XQ797VX3<$S+M=YR)50
M,*1E<A9A3!0"B)3"03R8 <"F 2B)>0 0$!\0'42(F1&LSB.<I(G'?]$3'=.G
M;^JT);,.V^753111WEK++'*DDDED3,"BJJAS=)$TTR2@G.<YA I2% 3&-X
MCJ8,3&.?#.F5,C@,#.@)COGSSX*PV9SCN[KTO*P$YNHSG%3<')/H>8BWV6<V
MH/8V5C'2K*08.T#G R+IF[06;KI&]I-5,Y1\0T3'Z:>_//GRB9*AOYXG=/\
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M8LK@A/-T(D9J0LSPKQ#TI@6>=).T/1P1;H$59G3F),0#N2-T@ Z+4?1B-P*
MIE3*&*C:VML7FVMJ%N:A)>:-&G2+R7N>2\TVMWB7N<\DS+W.=J25DK5GW%9U
MQ7>ZO7> U]>LYU6L]C2YP:ZK4+GN:USG.:UQ(#G%T DSII63,C8V7D'./+[<
MJ*O+-R-)56H6:9KAY-JF8QDV\@,0]:>F(IF.<R:;CO"$$YQ* =9N<ZH,D3W=
MN3/CW]NFBJ>_W+[BD%P1:Y_S)W(-V1^ R9;SE!11FBLJ "$QP'2LJK[/]0(B
M7P\0U=K9&#'#SI']E''0:1VC^O?[(A<,FY_<HB<%D]P.9DE2G*H55/)=R(H5
M0ANHARG),@8#E-[13 (&*;V@$!\=26XR[ [/ZJ,:0/[^95#WCQU(O7+]^Z<O
MGS]RL\?/GBRCEV\>.E3+.73EPL8ZSAPX6.=9998YU553F.H8QC"(T,<%8:CM
MC3AP[->/8GHAO#D_A\H!\G ^X/N^0^\.?DU4F/CX:>=%DW>;A,\M9U$\.,Z
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M# 10Y0'I.8!K*H9UTG/Z:>[ [%"VSQZV\&SQTV#VA_2[A9+ZO@#^"9R?5@
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M29,X.1GOR#A:EY_U&XU'[I^ACB..OL\>8Z]S"NMKUD;U5%+/ BW<@LJF>46
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M%5>BZNP6J%+ATYP+!$]9TX])S_L<)E2O3.&JP*^DLB]28.2I@ ID$J@G I#
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M&;DKDI%"1V/<9Q*R"R+PJ[E-.3B%4GB:0*>DII%07Z!2!% 1.WY*&9K([])
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MGHLMPIU"X2(*@& R)Q#UUU1J#8NW;*Q)MZUQT=VW86C: W?WMQLRZHTJ+ (
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M2;5!R4!49)3,DV!  ZA3(F8RJI (V YP;D(0I$P$13 O(ZXEQM!]*ZNGVEP
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M8(F0<<HSQ.!)@'\R%$&ZV21 >]DI3Q^I'UFW#@1$O #]-'J#CGP#I$!$!YX
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M67=<E9>)>+-U7$0^=,5CH&,9-4[5<R JHF$ Y34Z>\((@ ]!@Y !Y#7><()
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MXH+24_&L$SIJ="0*?IDBJ9OJ%R+BFDF4Y ,8AP5/U&.F3CZKI*3,X',:"/S
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MSB)]']82Z;IP W7-)!AA(D3$;Q/& 0%*7YDE%L-[FJ\J^Q[C.!JN,WLG!SU
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MKOV1%CE0<*@9N+E(#B)%CM3J+"B93P.*8J*"01X$YA#G13IR\"S]%P0,/O\
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MN"Z9#]1.^12.8IN@ U[)NO\ PN[=&D_E[<KG\#X>V0/S_5>JW0GYEVR8"//
M%$ YY\^/'Q^V'_)XZAID'N\)@SX]TZ$<U1VHX3QSGLQ[\C@JS%'D 'Y0 ?PA
MSJ%=?=$7EX]O&U,^[;K/3,O'4[LF'VWB;H >^QC24Q 3\AT@(&$!'D..>=;5
MBW?O+9D3O5J8CO<.>%BN7;EM6?\ RTJIGN8KA*;'[=RR\&Z=0U-%D9FT0E!&
M(R8U4KCXK=Z55<JS*WHJR,@H!VA%"$C2-1438KE$X X(K])M=G7@:'-IU!#@
M6&:7K"(#FES7-W8X;Q[>!7B*]W1=()WPX0[%4P>7JF=XDSI $:J8)2,PK/1C
MEO24:<,Q*6*/8R#J/B,E#(1<<M*L5+"_B)"6MQ()Q+)1[-R8K21CR&%>521<
MN6YF318GL=B[-VA5O+>B]KA3>6TP:KZ.XY]0@,WVTZ9J@%SQZS"<"6M)./)[
M:VA:VEC=7&-^WH5:Y#&50X4Z--U1X:ZHYM/Z-,P'MC>< 2 TE8E=\\# 5G<1
M+1-5D9*4KB%;C30;N90;MY@T8,G,E:DE$V:SAGZ>FD4I'"C18[94P JET%/W
M2?SK]IUG6L>D1M;AM)M6G8VO6-HN>^D'!UPTAKJK65"W@#48UYB'"97M?V;7
M]/:/1NA>T#5?2N*]9['5FTV57#=HRY[*3WTFO<3)%-[F#^%Q&5:&(B'U/AS]
ML?D'^/\ R:^>,:UVI@SH3 /G1?0L\?;SY]T<,^V%7"L9[M56KL;6FL+5WC&+
M343;K2#*16=&[Q=5<3JG1E&Z1C@98Q2B"( ! *!@$0$1\KMGH9LK:^T*VU+F
MZVC3N:[+:FYMK<T64=RUMZ-JQK6OM:CA-.BTNEY!?O$1(:L'44Y<Z&N+G%TD
M202>!!'/ /ZJ8$=U6269TF[5M7D6O)U?1@:2!T0.''(E!23.)0-R(& ! .!X
M#C7+/[,>C-R7/J^GNJ@!O6>D4 \C,2YMJ-.!@G 0,+"&,.N<@&(Y<I[-<]JM
MLM!VEDLSVS(QK:LO)!45WC>LG<,8Y5TH8QUW8-7:S\J2JYSB=4B!TT.KDR:)
M!,<3>\V=8-V;:4;-MQ=W3*#0RG5NZK'UQ3: &,-2G1I;X8!#2\%\8+BI#72=
MWU9Y  :]GZGQ7.;RCEJW.R>#Z[8J@'>MI<$UB#[N0.V3:*E$/,IBG 2B " ]
M0 (='K2S^'>:<$.S';I,\,<.\1?UP,P9QD ]Q)^/F.!'NC5Z7"7KO>0CA4W=
MG19K"JT,B;@XHF0?$> HD)R$'I5$X@( 8H@<H&#4O;>SVA1-"YMVU*1)=N[S
MVEI ,.8X$/8X Q(=)!@R%4%])P+2 3@P,$1H1K&D3.<\HNKQENER-4K17U8<
MD3'*+2<6P?OXUG(EDW48L\12?M 32D@;K>EH'5(9(&@]1S\) 0PAKQ1_9WT=
MK7=M7>Z^<ZC<LK4J;[BF:0>'M<S>FW+RUCF@_3D_QN/#OV72C:VS:=9EE4IT
M&UZ-2C5#6OA[*C2T@CK(! ."T-W8$8"M;MF'+)=[U<IF(DZX!)2Y6@C-B^EB
M-)1PX;RK@IVZ+(Z(JF4$!(8#A])X.'"O44X$[][MJVLKAU"M1O"6EA?4I6SZ
ME%C:AAKG51ZH;,C7>$26QE>:IAU1_5M$N.[ C'K'@3B8'\P(C.5#8[;%?W_I
M74^KD>FT1=.EEI"0<-D$VK)/O'3@ZA6*H%31*7@PGZ1Y'J* @ F#7I](]G5:
MK:-+KZCW-!]2F"&S]%KB7C+NR0/XB%EI4'U7]6W!ASA)#1#8S.<Z:B<R,ZQ*
MG;3<F7,I7+%S7V,4HN+5.=DGKY.$5<E(=0S4)!K&.TB.N@AC%;*]*ZG0IW)%
M!34XKM'I-LO9A8VNZL^HY])AHT*8JUF=<X,8]U+?:_J@X@/>T.#1ZQP1.V_9
M=\RW;=FB\VSJC:(K $TW578;3WP-T$\B9&3P<1&;!L^RI2Y.5%^XK+YO6459
M5[(Q,D\=QJ[>.2]/7]$>'C44U%/1R%$A%.Y$162)X&-P&"ETOV)6NFV=.M4=
M7?6;0:T-IY>ZHVB' =8'.8:CMT%H)EKI$-*P>B5H<2T#<:7.R?X3DZ#2"-9S
M 7,RP8I\E7U0G@FI9I@4R\< 4@O%#$  _J0*7PZ0\N>->QJ07F)T9[=T3IK$
M=VBTQ@::")SI,9C!^$8.=,M_P;;^G"X3_P!YF8?X-)O]_P#YM:SM3WE0=!RG
M]/Z?G"N=^%H!SVC^( #ZH=K]* O]L.1,C\<C[O'_ )]!J.\?%!&>?#W<>[].
M&;)8"_U"LRC&?D923!@SC5V2L3.U6\+5I91X[4<(OW"3$(58TAW;E5LW<#('
M(<B:9>D.D!-]7M.DVPJ5'J77.X[>WNN%M7-1HC(#W6U3P]6-<\#X%^Q]KFH7
M"U#QIN=?0%,ZY(-=N?$:YE358\T82LIH$RECB8,T-,%DCK5RH7YHZE&W?JKG
MAI525D)Q!6",*PI>KDFO0"13$$#ATB;K6O2SHU1+M[:#G![ V*EK<OW"V&[S
M>KLV'?@:EQ'8(QI7&P]N5&0-GT@021N7-L)D1ZP-PX0)P,'D=55K%.ZG;W37
M4RG:UT;;&2L,O&MRN6F0HM>+D5D5D331/4S%'T\H)K'3")>G5:K=*(JK$.EW
MQO06O[0>CUHUWHFW76CJP#*Q&RZ];>I%P+F 5K-_5R)&_3W'@$PX&%Y/:70'
M:VTG6YN]E-N&VM8UZ#1M&G1W:H8X,>30NZ1?NN+3N/#Z;BT$MW@TK#YDE@2P
M9*R%/1!D74+-6JU2<,Y6*LB+AE(23UQ'+"V4!NX;J*)*I'*5P0ID3B +HB)3
M$U\%VW<T;S;&U;NW?UEO=;0O+BC4W7,WZ5:XJ5*;MUX#VRUP,. <-")7VK95
M"I:[-V?;UVAM>A96U&JP.!:RI3H,8]LMEI#7 @%KC.(RM^:18IHBQ85"CR?>
ML"%+,(+Y :O&3A0I@.!4)&W"T%T@;A03"S<L#")"$(HB7NR\M=">9SX1&.0.
M->R8,*G'Q7EO[$E_Y\G^3Y/Y>[11CF/:?_+R\\%K)4II00 C8IQ,(E(!%"F$
MQ@#DP%X 1$0#Q$  > 'GG42)CC$^"0V8D<($YS(F()B1RCA,A3A6:ZYBBRKN
M5A8=_P#[&=]'M9L;05)RKWQ$A]$<5F5ACH*<*#PO(+J,>H"DZ2JG*.I4Z#'Y
M3D3R!X8SVQD* 2L$_=O 50@HR"(5)-,S&/=2)V_44OBN89B1E'G>K@8#' '(
M(@  *228"(#($F.?D>]2(D<^'LP- #.>7?HN7 UMXE)L%GJ;/T,CM$S@71G2
MK4$@.43]^G'+-GZB? >T5HX1<" <)G*80'6W3@EHB8P3/;GMY^)R<2JO/M ,
MZ?U4KQ+<KC*\TR;@CTN+9"LD"M@=>CB54S5%,&Y7JBK[N1Z@[H'2AW?=] .%
M#J]9A4Y-[1'.YICNFJWO]^5BK.(H5#RHO/AN;PGMQR&F<+/=0GM:+C*BF7D\
M'1DC6#1()P,E40G;3(JLXA>(!.115FVI5T2/#FEUN]8LDE9),'+E5X@F03>X
MIVM0U"&LKP?X@[=:,ZM,&.4@S[<>/JW%/<WG/9(,@&2XXCB(/&!QQW*NJ,Y4
M'=/@9$&.V)K+!(U.+?P[.MI,W01KB>9$>2;M(DX+55*%7EW<@J**;=5Q%M?1
MCJ-4BMU%NU;6=4.<T"]<T![@X$[I<UKB&@FGQ@#/$S'!<RM<TG#>WK4'>:PC
M1P!?#G$;QD#4P!C70!8N=YK:)<Y)V\,HF6Q[*,W"DRP,IC^&7C&8N(X]<8.%
MY]%55SZ;.OU68OGCA)55(R+A)(HE(EW27G^D-![MM;):]EPTU*9+6W!WB :]
M5T,@3NC>($MP(B8E=S8]5C=EWSF/HO%-QDT1NC>%&F"72=3&]RC$"#%_F.KW
M59*6&39UI_*L&AUX::0"K8E7=!.135,BJ48=_CTB;,&?HK<Q%A<NBKJG<.%'
M!53&76[]#8MPQC2][&%S159Z]4EK';I!<:;Y,AT 8($8X'CUKT5/HTRYOT7F
M*0]<",;[2,8SZVI$\5%ZS.U'+#NB5R%JTY. -NACV"M(P%"@T;PT@F\EZUKS
M!Y5:"A=HMQ)6 '+5(Z<L^4)%L (T0<*IQT@3VFQ-C/;>--S=T;6@X%@K5"ZJ
MR@#NO94J-N:_HSVM:,AQIMWCES023XCI+M1]+9MRZVMJU>Z8W>%&D[JJE>=Y
MIITJEK1=<4WDQNNIMJ.9DM!(!5>>QMBV]?[7/<A7FC![%-HC#'HJ43)&%20B
MTPE::L6.>*"BV,JX8@KZ,JJ=NW,J9(5#H(F.*1/E'2^F*72_;5-E1M9K6V8;
M68&M94;_ (?9EM5C6$M#:@A[0TN$.$$C*^G]$:KZ_1;8U:K2?1>]M5[Z+R7/
MI/-Y<;])Y<UKBZF98XN8PEP,M;H.\M3P_2Z8_("0??#G^,.>=>.K:#S[%Z88
MB>9B.&@XZ?G(XJ?]:RR)HB:(FB)HBP;_  C;J#LD=PG0@9R?XX[>>AL0I#G<
M&_/!XSZ42%4363,94>"%*=%4@B8 ,F<.2C9OT@I&OGEIXZ%>>',R;5T\?))X
M"M#&19FD6\J!H>JJ@BX$Z2RB8M4,5MD$C(%!TH=$H"8"J$52[I% P'R0"=.>
MG#\N>N)D<U&<Z<A'O_B/MT_*D$[<V+E&1:EJ;&*EE':7>]<+54$F*K11,BR)
M&*%59.V:INX!-P1-VEUG X+IJ=1RF :$^R(^/NP-!,P%/;QE2TI:'SQ18BK*
MOD!\HEWHMZY!M3IB '3$S0[9@D=F8Y%1*<S84A-TIF'VTB&*( !/('B8TY:)
M/ZQP'AHI-?,5Q AQ2$@*$!0@B!@[PG'LF#Y0'S W AYASSK6#VR6SF3J<:GS
MG33DM_JGFE3):0"QI!@Z0(,=O,?JOC=J5LU66.13O%!%ND;PZ"B(%.N<H_5<
MB403\N.DX^_6[3;ZFN3@8YB3QUU [#S6N00.1[OU7",4$5"&.43$-R"A0'Q,
M0? X!Y>/ AQ\@^[0MC70C,'GVZ3Q&H5),D]T3$:Z:=IR#';&D'<)]TY,EP(%
M*< X,'CT\E,'A_XQ!YX^_P ZQ1N8.8XGB1(',#A&1$^"O'#LX=ND1V*?5W#1
MWZJZ(QHS,SCD6JYD#*'%^J*RY@?..^$W2N8AP2-W8@'0B0 #CP#?:6O=3.X)
M;3;O $RZ28=!^B8CG@:<%B>(#H,>M(/(0# B,8G/'AH%#$%N[D"D('LF*Y3$
MAO AB]TJ'28?#@!-QR(&*/ B'( '.M:J8W@,#0CAKI@ Q.AT]B GW29XG3'&
M#@"9'?"E>OR1"JIQ\F]3K\.BHK(H'AWTC*@C+$(4K=P2+-D6"035/TE*K()N
MO24$BE$B2W@0-13(_ES''WSSYY[\%1^;F6+-B;XN6N4F'3F0= \9R19"O,SL
MUEW_  ^%VVR_/*.'KHGH:KQDHP33(L^=IA(.@9D6?$!'%H\ 9X#EPT/;IVTN
MD"-SM!6.@P9O1<IE30CGRKPCA Z;@SE9QWLA*'2.BH1N1/E5 JP+J=":QD5#
M)DF>>9D3[@0#@CA'#V^@[\$+_4T[L_[LM#_Q!-J[]?#S[OT5#P[OS*[>>J*$
MT1-$7 DOZ%-]T/\ @FT57:>WX'S^NAQN[W>?S!<X_P!S&\_<_P"IZ0_E_DT/
MTLZDQWZ^,:G&>7)2WZ([O/\ 5>2-U 4SI,R9#=2RI0,8@&.3A7D1(8?$H^QT
MB(<^R)P]^BSM![8.@.N?/OYY03%#VBII>R <_2P^]]WP$1^7P^]J0,$\OU'G
MSDYHS)(T'LY\_CR4Q7$>K%M']DI1+<KV'!2@ ?\ ZKHX\\>[P\^0#PX]WG)^
MB/\ >=\&^?:J08[M,?KH(SD#V:R-1&[QU<ZJU8  O7-@B$&9>\[KETM(MDT
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MQ_XP\_*/OT)P==.1Y<?ZHJOPAXQW%1:(Q#19V5FDF==<G5U$(F'6!C>'(")
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MXWD_==ZL*AC#IUG^7W_T4@#A.,GBI10O0*2:;HL4)"G6+U)B^*<_6<H$,?O
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M1V8_9-Y=;.OK>HV[MC +B2QX)!%6FX$A]-[7!S7 B1P!!"HX%MLYU'!"KI+
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M,>R77,0B:9@]+1!#H$1!1,&[M$#*<&X^G@N' !X<ASK=H6S+9@IT75&L:[>
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MD4@.5-)$A">&/"<<<::\M,@R1/#8_P!',P ./TVV'\"Y.>!]_'(!_'\I1V#
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M\/:5&^>6>''X'S/MB),?LB@'*1O(!\"C]KQ#W<_;XX\?#4^KVSC2/.LIOG,
M:QH9[/;[=5K^(3/^Q'Y^X/\ D#]\-/5QD]N!^OZIOGL]_CY^*^_$-EQR"1_
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MR/<>Y<QE(-V5IK[:U5Y0\';(19L_B9VNV:,*V0FH"9C7JC&/<J+L6Y%B2?\
MP@O%\9L=W";L'V!)]')."\Z26$F6V_X_I&GK_P!RSEK9%7Z*N?Q&!..ILCC"
MGY-OSJ0-4I D:EBZZPX*O5HXKU0GGS\/?HKZLJ[[,P%S SP'M2VJ([D\HP.!
MZ/N&RZVL6<X'!U2QY4LFR-@BL=U2.L\I2+PM;<CW%U3K<O&PAX6N5]C%Q"$E
M.VN*3DD$TR=_GX>>"HF][:'$!;1V:A(_&-J'&7:(M+TFKD";F$(:0V^62J6F
MAXKCJU?JNWAI=E**RF=<B5[$,K+(6R'BH&;<I2+=Q.M'*"1R>>*E8G;7U&7Q
MOVH&5:A@Q_/T[LYI:"C867<Y%1B&&XEM(3]QJ,I/P+LU'>ITJN,;/19]E$R_
M%S;V&.11ET!9H+%1T3E[^S]?<MJ\=LN\QOLLK>\26P'C_*S.Q;HZ[M[;4G:I
MNHK&Y%JY@I:MGL4K;X6\UC&T-&3-WA"Q\VR#$18IF_?JM8HXVQD,VDDU(JOM
M^TZGLFXTW<9/VLX*JV?*_M:MU'(UD7.>6^/H'*6)+=MEI&Y9QE. FUL86D8I
MQ'PMYCH%A3%HZ2<S"B)Y)2<BSF/%(D4AVOM6\G8VV/X2W@Y9VM4/&:VX_(F*
MZSBJ!LNZ=@WQ/!X_R]C$<FU7+&=<[J88;M<.P7H[.3J[R.7H%H42M*U7CO6'
M39!5BR+)YMQRS*9VP=C3+TS4HVC2=]K:,ZYK$'D:E9=@& JN'*"2]<R;CM_(
MT^\5N6002F*[8HE5L>0A7[!23B8*7]/A8\BK9HB:(FB*R#?_ +S6NQC!L3E]
MQ2HNYJ6'*-"Q4Q-;;XAB?&%2?7MX\02NF7\L.:U<D,;8YA4V"R4G:5*I/\3#
MZ"ABL0/+E=-B*S[-':RV'$6#MH.4W&#<.?&#=7+94C"L[;O6Q96L)U!KBNHV
MFYJ6"*W*5ZHWW']U@;Y$U<1Q^X%E5GTDZG8*)G8^NV!=_#1Y%-D?VG5]S"RV
MW06TC:9+YARUGC:K5]Y%BHN4<MQ. H'$>'+A($KU;+8+JZI60E;#;K3;$9J&
MJ<1 58\9*L8!_9'\[#0IVB[@GGSP]ZI_E'MKL:8PPCL]SW(X/R M4-Q>8<F8
MAS!$*RK4MOVO/,$)W-/<!8;3#0T/8$+O#X;=8\NLA:5821B45J=79"VQ[I=(
M$HY4G-1;)O; P-&V]6_.T5B>LOF4/OTR#L;@96Y9PCZ%A@BE(D;0@TSADW-@
MX_L;#&6-[$QJYRLU@JEL*E8I^KUY.2>$F/6S8BJC8.T2R$K1]H47B_;-%Y(W
M-[PX&_VRFX=:[C,=&Q36:3BAK'.K_D27W*TB)R+5YNAD)8*>:F253J$U.VHM
MPA4'E;K<FC-1L414LO\ VNRM%VT*9=D< 1-<S#5-Z4%L4S!AW)V>:[0*/BG+
MTMZ,Z6L$MGQ&E6BOOL8I5^7K%N97(U2C$W-9L";N08PSQ@]8$*0)GL$^=/BJ
M;WWMO8ZJ[:ML>?8_"..VJ^XC.V:\".0RENJJ.*\(U*;P=^:"E,W2'W&N<>V2
MGWO'%P>8_<M\=VYG!P;&U^NH8&P(NG(,]$ UU]DJO&2>T9SQ"Y&Q%BO"VSRL
M[@[C>-E,;O4N;6I;I:U#1<)5CST-6I>IXMLC_&#RN9B=^M9MG\4+">5H,/<6
M*S=^0L.W<%,4H5UIMZ&/9;8D[W]4&MW*_8V4VVR&Y6NTV'C"%O\ 8*^SH;B]
M)U-.*34>(M;49-N>$>-RKO&K&43<?3W+=#O5"*P9EVPL@781GC?!)X3P],1F
M'+-C&"B(W$^\S'>6L771')=DH%</ZTRY T9E-XPL%!<WHHW^MW[$L:I'>KTU
MX:0G8J0-*L2D9/@3[!/-<[(':\.L>[5,%[BI#&&WN0<Y^S;8,/5J<B-ZM5EM
MI]53KT-;99:SY!W?16)WU:K82#RF2M2C(0N/WRRUT.W@5W[;H=NVI0HAN0[6
MN6P'4=I$@I@.@H7/=)BNS912CLM[NL2XCQ)!K51M3#K8RINXYM$7_$63LG7!
M>YMUL:Q;>8JU:M$ P=V&3M=::E401(KC,C]HC2,.Y.SE3LHT:6JM/P!L+JV^
MV\7%*?BIV63@)RUY3K4ICAI6(=%S%/K!#%Q@NLTFHNZR47/R$PWC6"1&Z"<J
M](I5P9OUS-9\T85Q!N;VANMLYMT-)N%UVZ6&/S;7<RDL"U#K\=<K+0<H1,/3
MJ@OC'(C2DR9+*A'L'5[JKU..FXUO<#24<5!T16V[0^V]HFZ]YM\JS?!TUCS)
M>9=RUBP+9*%.7I-\[H]42PAF[-N/LVPD@%,C"9 I.16.$YRI,T6S2NC#VA"S
M,7$B\4JP)S121$]G%9SM%":(FB)HB:(L;VY;M&*MM4R3GJBY3Q^Z9Q>+MFLO
MN]QI9VMH3/\ FV)U.U.J)=<2Q,.I7B*5^\0]PE\61,6"3^S$G4\IPKDK2/,P
M<-ER*&WCM"YO&TSFVJ77 ZD5<,$]FI#=H);H-'(Y':8S+QSEF/FL%(OC4=L)
M%H.3Q4\:!D0S0Z;\)0JOQ*:>A"1T14WQAVH=UDXF],\\[57>$\@L-E-IWX8C
M@H7,L+E6E9BPU3XR.7GX]O>V-(J<C3+O!RMBI\=.P$U2'9&C.TL)>->S**+I
MNF12/A?MC(_)&T'(V[&=Q+C)Z6 G,)4;'.*MO&ZND;C+C>,J[@)N"J6/,5W!
MTRI5 C\07)>X6ZJ1$NPLX2!XAF\FI=V0J=?6;.RDC,9]GGAE7:[;MXV2\A9X
MN&UG<MMW:[;L^06)X7/-6A*UEZ-SI0K_ (AE+4YHTC.0UY8TS'KR.LE0N*+2
M$ME6F*FU]'"9A).$EIV-?'<-BA4RO^][=?4]\%2V>P.RBD6>*OM6N64JGE5U
MNQ95]1[AK&]SQA2[Y<7]$-@V44C;'%/<J0;F+I!K6X4FTFSLI9UD(=9">?/G
M^DRXY[2"H9#W_9)V/H8[EHN)I\7;(RF9Z7GT%ZAE#,.+8#%5MS3AFOPA8=%9
MO9,85?,E1E)-[Z\?)/565N8%9LW%7?=9%3';SVK,9N@W*V/:SB+"YYO(F*LR
M;AZ=N&?+Y(;-ZWA'$^$,L6?$%8R/-OPIBKF=OF:K%7@>4?#46R([C84TE-V:
MZQD(SC)2>(I.VN]L)7\^6#<\[N5$PWC'&.UJK;DKA>WL)NJK>4,\Q=>VW9&E
M*/-S]PVV1V.:U:J/7;)%P$Q:XB;?V.0;^B+5ID@G(?&9F^1)[9[N>BJ!ACM&
MLSW"][=J]F[9J[P)4-YU>L\KM1N*F=JWD5Y8K!"XUD\Q0M%S;6(6DQ"N&[/:
ML9PLQ8H_U++Y3B63N*?5]_))RY$$'!%,.W/M+XW<C9=I-&JV'WT;>\\4'<1>
M\YU9W=VSE[M73VUVV/Q)=H:T"E6$E+=)26=I-'&U=(9O3C2#1C-VD4DR11X9
M<BM7V[]MHKGC:INKW6!A'#+*#VS[=[?GI;&M$WE57*>5GBM8C[1(M:9DVF1.
M)X66PHZGD*K(!'RTZUL BH50J42Y]'.)B8QV^P>?!7H=GWV@">^$V:XEWCZG
MTVPX1EL>,I>5Q7F^O;C,26-MDNGC<8A&MY5KE9IS5>U5YLFK'WRH.Z\V?55Z
MK%@LZ>$DTQ1*2(_J(*R.:*$T1-$31%B<NW8V[3+_ 'S(&;;$XR(ON7NNXNM[
ME8C<JG86!<J8XM5'LU.FJ#5*.!X=2FH4.EP%'A\?P\+.U2<>*4Q61:2$H\DW
M@RI"F3IP4WVGLN<36G<FZSTOEK-\;2YO/V.]V%PVS1D[44L'W#<SB>"KL!0\
MMRI%J:OD5J\C$JA4Y>2JT1?(^HV"R5F$EYB'=>BJM7)1/G/Z]_M4$G^R?Q3;
M\SY0R/;<Z[C)S%V8L_U3<YD3:L%DH$3@*W9>I$1CZ)K$K9T(?'#')UBKT<;%
M](E5:3*Y*<5.3EH!BXE8AZB11LJ155OG9SX+R5%[MHJUS&1%/SW67,:YTL$Q
M"V)G7K-BG*>'Z-BZF8UN>&K#$Q#>1J\Y476(JE<(M[*J6 _QE+($=@ZK[P\$
M!)/Y>'DE1_;)LFA]ON0+[FJYYLS+N<S]D6KUK'\QF3.;ZE'GX;&=.?RLM7<<
MTRNXXIE!I-2JZ4U-25AFB15<3DK/9':DU/R#Y=)F1H12E*]G[&J[RK'O,J>X
MW.^/K#>W6(U<CXIK;7"K_%]^98:BG,)6XF8/;L0V7(D4Q?QC^3:S1ZE?:X^<
M%D5SMGC15)H=N3L4Y5_87@ZM[Y;QO_C_ (SFS+?,5L\82<*YDF:] CU4RU6.
MELA0T",:#QCD6R5*@T"BSE@"54(YJ-.B8M)FAUOE79%3W"79UP^"<K9OR!6-
MR.?):F9WNV?<AV3!T^VPDIC>&MFXBW2MUM\E 2T7AZ+RH4D3-3#P]=92^1I9
M@W1[HDBVDC)$,!%&MEO9TX9V'N'(80L=\2A9G"N#L1VVL3CBK*0-NFL"04A4
MJQF:6:P]7AUF^6;%4';.M7F6B'$= V=A7Z\X=5XDG%IOCD.?.G<I[H.R7$E$
MVC7K9>+VSVG$F16>X^-M"UE<Q"]B=QNY^_Y,R'?V)',?#1\61%A)94GXVNF-
M$G5:1;2+*_/)/47+UT16UXP['S:GBFS;"+=7W.0'LYV?->R="8W<S$M!.RY*
M?Y5;3"TY:LPD3KB 6*S1=LLEFR!7G\(-;3C;C89.0%!=N=)FD13Y?.S&P)D.
ML[GZY.3-V(INJW)XZW.W*PMAIPV.JW'&IL(&AZY1Y)W471HVGO\ \PBMA+,9
M,DO)K!.6?T:6:^F,?5Y%$/H?49'[S;QO-J.X[/-)FLH3V,9[)6'X-MA1[BJZ
MGQ51(S'D"P?K6;$$]DR*8OH"-XF K.0X-RX<O'2C=RU(*":)%Q\(]FGA+;]N
M$=[E\<6?(,9D>PVG=#/Y#.=S4QC,G1&Z+*@9GE:;=D4*HW>/H'%F00&4Q,\9
M/F%D@6CF2B9B<GXZ6D&[@BB.R'8''[&VDA6Z?N-SME''(P[J(K&-,HM<*C6Z
M0#RR.K,L]@I6@8AHEUD'GI3]^T(-LM5C;ILGBI2(%7*DNF19 M$31$T1-$31
M$T14$W1[>JENPV\Y>VW7N7L4!3LRTJ5HUBF:BO&-K-&QDL4A5W<(XF8N:BDG
MZ7=@*)W\4_; //>-E \-$5FS/LIL..<4Y@QO?LJ9DRI-9^S_ (-W$Y@R7<AQ
M4QLEQM>WRRXQGJ%7CU6C8OIV*(>GG8XHKM:L$?"X]8R4Y#.I8SV7/(KLGS G
M]EMO>R0VRV#&&'L!7>5R->]N.#<Y92SE0\"V&9A4Z"V?9";7-*M4-^O"5^(M
M3W'N&'.0;4^Q1$#8TY"(4=1S2<EK!'0<2S:D4=HO9:X QK3<7XTI=BR1#8QP
MIO0>;U<38^++0+RO4.TR$+;(YYBB$].KCF1+A]27O5NMA(5T^<V5&?G7@DM0
M1@IQY"*G$'V->VZB[=\X;:L2WK,&(Z/F3=O4MY,7(4V2HRTYAS)-#L>*;32J
M]BLEFHE@@&-!JLIAZIIP5?M,':564:5Q%>GJ,2,D6A%-LWV4V'K+MRW!8(L^
M8,^VJW[HKQCO(^:MR]IL5(F\\6JV8IG:3,X_52<KT F-8:OU%"@PD#7:?$8Y
M9U:(A%)%)K%%?2+M^J11&]]FVKD3%."Z%/;QMT2=]V[YPE,\8XS_ !C7;M&Y
M38V24HMZQVI".XYI@5/%:]=0K61+(@BD3&Z4J9=PDY<2JZJ?48BNKVP;8\>[
M3\:.,;X_D+A9#SERMN2K[?LC6$]KR-D[)E\DS2]RR#>[#Z,P;R5CGWHI MZO
MC8J)8LFC&,B8N/CF39JF18X)+L)=G<LT43>V#+IY%7;)N!VP*2Y)ZK)+*P>X
M";R_(/<CN&!*<$.ZRICJ$SYF"D8YL;J.69Q=/O4M%RT3,J=PY2(KF<W]GE!9
M/OU>RUC'<7N)VLY698BA,!72^8$G:(SD<H8@KK^1E("N7"+O]!O=?1GZO(SE
MB?4Z_5N*@KG5UK%+IL)<S-5LU:D4B9#[(;:=?\:8JP^4E\J>/L,;9<O;8J%#
MUN?8^F1L-EV=Q5<7>3UIV9AY::=9?J5^P_5<A5:W*/>Y+=%)*<G(N:670*V)
MVJ%L^Q\VTP^"-QVWBMV?*-;H>Y;"6W_!=L4C).IGF:]7MO%9>UJM6&MO']0>
M(*6^T^L'D[>):R-)]*:L+IS(HLV(N%TE"*J45V?$2OCW$E"R=N+SMFE?"^ZN
M@[KZ?<+RUPO"V/XQXXCTV5?Q_(-L9XBH-8<X^%R:0E'I"5Y&WN'TJ]+\;"LR
M,FC0BT[>NS/V\;7Z'N_QCA]:WUZA[Q[I>;K;JT#V$-&8Y7OU(0HLE7\5MT(%
MN2"JL3&( K6H66"=1@_I,:T.$*T9QJ!//GX*:;CL=B)G;1@';C0\[9RPZ3;9
M7,?5G'F1Z)+T]U8)>-Q[CI7&#:.RC2KA3K-B'*=?L%:765GZO<L>2, ,V#.;
MAF,-(QK!=N15?VI[::!L_P !4#;MC!S//Z=C]*Q*M92SN8YS/3,S<;=/WRVS
MDGZFC(2#:+SENM$[+!%U^$A:]#IO"14#$1D0S9,4"*X;1$T1-$5NNYG;ZKN,
MHD35&&8,M8-L%:MT7=ZS?<0S4*TE&\Q%L96+&*M55N$#;<=Y+HTO&S4@SGZ!
MD:H6:K2@F9R(QZ$U$Q$FP(K8<:]EIMSQO7-J-8!W:KG&;4,@9VRG!M+HVHLG
M%Y&OVXJ(O++(LU?:VSI<=5VK0)?(,W9:O 4.%ID#6)-O$-XR/)%QY6*A%4'<
MGL:A\[9(J&;\?YTS=M8SG4J+)XF/E+ LA1TI&TXCEY=.><X\MU:R12,@4N8B
MXN<*O.U&4^+[>P5";>OG\+*( \=-UB*!UOLUMN-3@=I%2B$;6YJ>T.8S3/5V
M#LDI'6U/+$SN#QCDK&66Y7-CVPQ#]]=)"[(Y8N=MGG#9>&+(VJ2,HND:#ZH0
MQ%2;'79*XIP?MI9[:-ON=]Q>%H.O9XNF>J;;*U:*?.2T+)79I)1+_'=DJ]TH
M]CQOE3%+2"DU(EI4<J4NX*=3.+FE9,]BC6DNF3^GNPHLEV4V'ZQA';?B[$&6
M\WX4O^U"1R7,X:W#T.6HQLHQTCFN;EK+F9I886>HDOBBQ5+)E@F5Y2=HR^.V
MU6C%6,&A5(ZO-85@BD11=+LK]O"V%:3A6R3V2+\RA-UE;WEY(NN0)2MVNY[@
M,VPLH,C*R.8E)"K#79>OVML1E79>NU^O5R/:52*BH"")%,V90.4SKVB//L4J
MVKLGL>3.%=JV%ZMN(W$XX;[,[E<[-@:]UQUB*>NU:A+9 VZFL* ^'(N)[K5I
MFHTJAW!U1ZD60K"LVSKT9#%?3#^29#(JE"CN8>S+C\P7?&^1S;O-V6-+W3=L
M;7:?<;?BF;PY5;)E[&9YAC8;$\N$DOAN5^+5KM<['MY:2FL5(8^",=AQ6&L$
MW*F@0BNY';-C.-VQH[2J(:W8HQ1%8E:88J*V+;C/4Z\4.IQ=>2K<&[J%X9.S
MV".LD(S;MG32=<NGSIW((BXF0E".GR+HBL1'L@\52V%=TF+KOGG.EVNN[RQ8
M8L.6,[.FF%*SD+O=OTY"3F*T(&NTK$5=Q,V6B%X3_9R9D\=RT];EY23>6.3?
MJ^K0CB Q[_?@JK=@V V&P87I.,'&]3=.G<*!<;-:HC,(%P,,S.QUMBG4)+T7
M(>*4<)M]N^1Z61B\66B6=NP_)2\),%0G(F::21%5UR*F-S[(S%$SMXQ#MDH.
M?=Q^(\78OQ!:L#3<)7)_'=OA\KXTOCM"1N2=[IN5,;7S'S.]/I(KU] 9*HM1
MI]OI7K>2C*H_BX 6<0R)VJO?T/+;RO9[C+2S"PS]2O6R6D;!+!C*;E4WM/=8
M%HLC?'C! [KT-.V*6>19Y!EX>5FUK*IWC)K'.&C9I*IN)!P12;MY[..M81RG
M1LLW7<;N3W-3F%J78,<[=8[/EHIDM$8-IMI:1L98"5].E42DN[;<9>"B6-9?
MY$R([M=O7K2'JH)(@.7R[LBD/'/8_;6\97?8YDR!DLAJY#V&-<FQ&-[<[DZV
M63OM:R<CD4'=9RH5E5VC6>BJJ_RA;96EC#(5][!O920#TMRVEI=N^).O:LJ^
MB)HB:(FB)HBLHW;["L'[S[5MNM^7#6A&2VRY<B,KU5&M23*/8V\D9*0-B<8Y
MR"W>QDCZ_P ;3EKIM#M$[7D3,%7\O2*\87Q&R+ENY(M[+^QW&69\A[@<D6.S
M7J.F-QFS1?9'<&<*\@48V(QHXFLH3A[+7$WU??.F]X!UE>>2*\DW4I!=PPB2
MC "HD\4>$5$\2]EEB[',#D5M<<W[A<]7.^;99;9_$9'R_8J$XGL6;?9B.%B[
MHF+H*B8[HU&@$W3A&)EY29D:M-SL[)5V --23YI'$:&(M5'[+R@PFUZ\[2,D
M9_W!YOQA9F&,V=,D+D]Q/3[QA9UAYW&RV-Y_%EJPWBG&CIE9JG8J_5++%3MJ
M2M;XDQ5XL7!W+%>68R1//M56MLNR&)P!D:ZYPN^<\V;H,]7:FP&,E\N9VD*2
M>:K>*ZO*OYR(QW3*]C>E4"FUR#<3L@O8;*[:U\\U;+"5"5G)-T=JS2;D58IO
M;K4)W<]CO=6ZE[&E>\;85RE@R&@T'$:6J/*OEFXXNNL_)R;92,4EU)UC)XG@
M&T0LUF&K!)B^EB/(]XNJT79D5C>/>QMVEXQO>*,V51?(C7<IC3/-IW S>Y%:
MP,%LIY:LN07]\<9+K>2S##A4GE.O\5D.;KD]&URKUQ\E"M8=.+DV#MAZ6L22
M5.N.^RSP#B7+M=SWC6Q9 IF8HG<-N*SQ8KY!+4YE+Y-B=T-H<V[)^#LHE1J!
M6UUQ$28)775.:2J*EQICJFUI_ 6]F^0?N) GGV+=V\=FA2-OSO+\$&<\U96P
MAF=EG1G8MN>366%W.+F ;AL@2N1,AGCI2IXDJF4GA',E8[5%LF5AR)-QR,+9
M9!NJS7<-HEU'$7'P!V9%)PCDO$^0+%N(W*Y^BMML%/UK:OCG-=NJ$O3=O\39
M*VK2G[F!-5:-4['>K,SHCI_0H*V93GKI-PE.D7T6S< Y<J2)B*K&W_81@[;=
MN.W4;G<?C9U;]NREZ[+7*/G)"/>UJE>IUIV8FX[&K%"*:/*['7ZZ6:<R!>F[
MF0D_7EP>EDA.W3;-FZ1%;;B7LD:/BO;)F_:"KN?W)WW!.9\'6W J%5MZ>!V[
MC&56N3.:8R<M19VH82JTX[L*+:>?)LW%\D+HP1Y(8T<<P&$Y.Y7@[8MHF.-I
M2N7F6)I2S-*7EV_-,G.,=/U(0:;2+JO5(*LW*5H;..A(Y]#-\B/*^TN%KB7#
M]_%!<'DQ+0;.')+OFRI%=5HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:
M(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)
MHB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(
MFB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)H
MB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(F
MB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB
M:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB
M)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:
M(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)
MHB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(
MFB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)H
MB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(F
MB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(NMAO[O^_W+7;%X=V'[5-\T[LXH
M=JV.*YXEY&,PMC',35W;H/*.2X%XJK%71HQE"*2T1&PC(QVUH08M"11%$XM5
M=RX5.4\"?#VS^BIK"[[-YV'%>TJ[/#?=N*CX_-6WG9I9]U.&-^6$,40B%JE\
M-(H1T3,6N0PXW?UZMJ7NIREAB",H>&>5U95=O8FJ,VJM&PUPD"1.G;CW^./.
M0KWVG:[;:-K& MH5;RQ>]Q.Y_)5ZV5XHW.6JY8YV^3UGO!,'R53A"/-S6;ZK
M47$C&8OK$W)*.G4XF,U-JPD@5XV<+/2$0D'Q1V\%47<-VVFR3;CD&@XNL"F:
M\B77+. *;N3Q1"89PY9LB/LC8XO<K+,:^-<81XMI-*=/&U^>M+^/GF,*WC*Y
M$.UWK]&2,UBW!%:!O/[5.,S%MH[.G<5L(S3/0U3S-VK6V?;1EDHU]K$VI&M3
MS2^JY*PY?:[9XQ^YKTBL#2O.WP,^[<+,%8N5@YE>)DFKUV4C7P/N!5V^6^W"
MV)86S7<L.7"5S$XC,7Y&B,09ASS6\,W&?VWX<RC,N4&:-%R1EUDV&'@YYF[=
M-VLJDV;2+6+<F<-GCI)Q&RJ3$HCSYU5P+'M*MKQ[KO6Q[89JTT2V;!:O\?,^
MQ=XKH0BI<?*5R2MC*^47I?NQN57DH..2=,GC(J#DRLQ ,UV;=Y,,T#D5QFVS
M/M.W2X+QGN%QY%6^'H>6JTWN%.:WJ"+6[,XK4@LN$-+O(8KV0]$:3S!)";AC
MBZ4],A9"/?@!"N@(4BKAHB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(F
MB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB
M:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB
M)HBZ\&_+:_VDD9VK.*-_VQS#V$,N1=.V<#MZE(K,>2@I;%.<ELDY$LLLN1BR
M>,)=P5E%3D$HT=).0;*K.'2!B&.W'1.SN\^]4J;=E'O?RU0NTRW2;MK7A^V;
M]-Z>T.Y;6\0XLQ*^E([#>%L=2,*@K&4M*UVQ))TZ?3=BAZRM+/%"NV40M&2L
M@-BL:MF=FC2F1CW^/Z<.W/8J&[NNR@WQVS%.QQGB+ ^*I[,F$>SIPCM91SGC
MK=-D3;'N&V_9OH=2B(^0G)2X5^2D:#G'!->FT'$E$4YK6XZVKR;F?/&S\4T?
M-W#TDY[)\\OR4GY&C^T*PKVU&VR-PO$8BW;;N<8=B%C&$S9^:K:'5 A\MJ1N
M<YVK9&M=/MRK%$D+;'M^=0MG:O)M&+1E:RG9F+H&TC)MV9R8[L]^,JJ<1V.N
M\YOMSPDO:@Q=+;B;]VX./NU(W)U2GV4(G'.+J49K9$+74Z,]F +\8I*!])CW
M(M615#.W$DM%,7\TT@T)N2)(GPCW1S*H'V@G9&]J?NJE-]%/E(:+S*URQGW\
MU?;MEN9WJW['N+*1A]">KAJSAN,V<Q<>UQL^R7"U^/283N3;_P!\U.U8R#V*
M?RMJ+$3#XH_0CVZ^W^@T"JGVTVT.'W/]I[L,V^8>N%AI67=VV(9O'6]R,IQR
MM$)791BR_P!-R@6<N,DT4(9H^7G*3::[5%W"9T[5*P,#6G<@@QCFD;)E(T,^
M'?W]PYKMI5NNP=/KL!4JQ%LX.M5:%BZ[7H6/2*@PB(.$8H1D3%L4"^RBSCV#
M5NT;)%]E-%$A \ T4*-:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)H
MB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(F
MB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB
M:(I)>6BP-G;ENACZROD45U$DGK:0J9$':9#"4CA$CJPMW)$U0 #D*N@DJ!1
M%$R&Y*&D^ZKM>YK=GW51H) J-?:!KP# < ^Y:\ ZC>:TQJ 5HONKAKW-;LZZ
MJ-:X@/;4LPUX!@.:'W37@.U&\UIY@%<;XW63[&=K_&5,^<VJ^EW/V9=_>6/S
M:KZ9<_9=Y][8?.)\;K)]C.U_C*F?.?3TNY^S;O[RR^;3TRY^R[S[VQ^<4I^@
M1(W<,F#M_#\T@*T-,#('J[&GQW"GC(^MQJ@6OUWZ]"MC+?[*>HO3_5?K'].^
MB^D_3=/2[G[,N_O++YM/3+G[+O/O;'YQ39\;K)]C.U_C*F?.?3TNY^S+O[RQ
M^;3TRY^R[S[VQ^<3XW63[&=K_&5,^<^GI=S]F7?WEE\VGIES]EWGWMA\XI0)
M%PJ=X5R<GM[33R4O7PJ2^0B1F,RWA:JE>)R!:RK;"S03RE?*_12?!"GD!C0>
M))N0;=\0IP>EW/V9=_>6/S:>F7/V7>?>6/S:F_XW63[&=K_&5,^<^GI=S]F7
M?WEE\VGIES]F7A_]Y8_G=A/C=9/L:6O[OK*F_.;G4>F7/V9>?>6/S:>F7/V7
M>?>V'SB?&ZR?8SM?XRIGSGU/I=S]F7?WEC\VGIES]EWGWMA\XGQNLGV,[7^,
MJ9\Y]/2[G[,N_O++YM/3+G[+O/O;#YQ/C=9/L9VO\94SYSZ>EW/V9=_>6/S:
M>F7/V7>?>6/S:?&ZR?8SM?XRIGSFT]+N?LR[^\L?FT],N?LN\^]L/G$^-UD^
MQG:_QE3/G/IZ7<_9EW]Y8_-IZ9<_9=Y][8_.)\;K)]C.U_C*F?.?3TNY^S+O
M[RR^;3TRY^R[S[VP^<3XW63[&=K_ !E3/G/IZ7<_9MW]Y9?-IZ9<_9=Y][8_
M.)\;K)]C.U_C*F?.;3TNY^S+O[RQ^;3TRY^R[S[VP^<3XW63[&=K_&5,^<^G
MI=S]FW?WEE\VGIES]EWGWMA\XGQNLGV,[7^,J9\Y]/2[G[,N_O++YM/3+G[+
MO/O;#YQ/C=9/L9VO\94SYSZ>EW/V9=_>67S:>F7/V7>?>V'SB?&ZR?8SM?XR
MIGSGT]+N?LV[^\LOFT],N?LN\^]L/G$^-UD^QG:_QE3/G/IZ7<_9MW]Y9?-I
MZ9<_9=Y][8?.)\;K)]C.U_C*F?.?3TNY^S+O[RQ^;3TRY^R[S[VP^<3XW63[
M&=K_ !E3/G-IZ7<_9EW]Y8_-IZ9<_9=Y][8?.)\;K)]C.U_C*F?.?3TNY^S+
MO[RQ^;3TRY^S+S[RQ^;3XW63[&=K_&5,^<^GI=S]F7?WEE\VGIES]EWGWMA\
MXGQNLGV,[7^,J9\YM/2[G[,N_O+'YM/3+G[+O/O;'YQ/C=9/L9VO\94SYS:>
MEW/V9=_>6/S:>F7/V7>?>V'SB?&ZR?8SM?XRIGSGT]+N?LR[^\LOFT],N?LN
M\^]L/G$^-UD^QG:_QE3/G/IZ7<_9EW]Y9?-IZ9<_9=Y][8_.)\;K)]C.U_C*
MF?.?3TNY^S+O[RQ^;3TRY^R[S[VQ^<3XW63[&=K_ !E3/G/IZ7<_9MW]Y9?-
MIZ9<_9=Y][8?.)\;K)]C.U_C*F?.;3TNY^S+O[RQ]O\ UM/3+G[+O/O;#YQ/
MC=9/L:6O\94WYS:>EW/V9=]W66/S<)Z9<_9=Y][8_.)\;K)]C.U_C*F?.?3T
MNY^S+O[RR^;3TRY^R[S[VQ^<3XW63[&=K_&5,^<^GI=S]F7?WEE\VGIES]EW
MGWMA\XGQNLGV,[7^,J9\YM/2[G[,N_O+'YM/3+G[+O/O;#YQ/C=9/L9VO\94
MSYSZ>EW/V9=_>6/S:>F7/V7>?>V/SB?&ZR?8SM?XRIGSGT]+N?LV[^\LOFT]
M,N?LN\^]L/G$^-UD^QG:_P 94SYSZ>EW/V9=_>67S:>F7/V7>?>V'SB?&ZR?
M8SM?XRIGSGT]+N?LV[^\LOFT],N?LN\^\L?FT^-UD^QG:_QE3/G/IZ7<_9EW
M]Y9?-IZ9<_9=Y][8?.)\;K)]C.U_C*F?.;3TNY^S+O[RQ^;3TRY^R[S[VP^<
M3XW63[&EK_&5-^<VGI=S]F7?WEC\VGIES]EWGWMA\XGQNLGV,[7^,J9\Y]/2
M[G[,N_O++YM/3+G[+O/O;#YQ/C=9/L9VO\94SYSZ>EW/V;=_>67S:>F7/V9>
M?>6/S:?&ZR?8SM?XRIGSGT]+N?LV[^\LOFT],N?LN\^\L?FT^-UD^QG:_P 9
M4SYSZ>EW/V9=_>67S:>F7/V7>?>V/SB?&ZR?8SM?XRIGSFT]+N?LR[^\L?FT
M],N?LN\^]L/G$^-UD^QG:_QE3/G/J/3+G[,O/O+'/_YOXIZ9<_9=Y][8_.)\
M;K)]C.U_C*F?.?3TRY^S+S[RQ^;3TRY^R[S[VQ^<3XW63[&=K_&5,^<^I]+N
M?LV[^\LOFT],N?LN\^]L?G$^-UD^QG:_QE3/G/IZ7<_9EW]Y9?-IZ9<_9=Y]
MY8_-I\;K)]C.U_C*F?.?3TNY^S+O[RR^;3TRY^R[S[RQ^;3XW63[&=K_ !E3
M/G/IZ7<_9EW]Y8_-IZ9<_9=Y][8?.)\;K)]C.U_C*F?.?3TNY^S+O[RQ^;3T
MRY^R[S[VQ^<3XW63[&=K_&5,^<VGI=S]F7?WEE\VGIES]EWGWMC\XGQNLGV,
M[7^,J9\YM/2[G[,N_O+'YM/3+G[+O/O;'YQ/C=9/L9VO\94SYSZ>EW/V9=_>
M67S:>F7/V7>?>V'SB?&ZR?8SM?XRIGSFT]+N?LR[^\LOFT],N?LN\^]L/G$^
M-UD^QG:_QE3/G/IZ7<_9EW]Y8_-IZ9<_9=Y]Y8_-I\;K)]C.U_C*F?.?3TNY
M^S+O[RR^;3TRY^R[S[VP^<3XW63[&=K_ !E3/G/IZ7<_9MW]Y9?-IZ9<_9EY
M]Y8_-I\;K)]C.U_C*F?.;3TNY^S+L_\ O+'\[M/3+G[+O/O+'YM/C=9/L9VO
M\94SYSZ>EW/V9=_>67S:>F7/V7>?>V'SB?&ZR?8SM?XRIGSGT]+N?LR[^\LO
MFT],N?LN\^\L?FT^-UD^QG:_QE3/G/IZ7<_9EW]Y9?-IZ9<_9=Y][8_.)\;K
M)]C.U_C*F?.?3TNY^S;O[RR^;3TRY^R[S[VP^<3XW63[&=K_ !E3/G-IZ7<_
M9EW]Y8_-IZ9<_9=Y][8?.)\;K)]C.U_C*F?.?3TNY^S;O[RR^;3TRY^S+S[R
MQ^;3XW63[&=K_&5,^<VGI=S]F7?WEE\VGIES]EWGWMA\XGQNLGV,[7^,J9\Y
MM/2[G[,NQ_[RQ_*[3TRY^R[S[VQ^<3XW63[&EK_&5-^<VGI=S]F7?WEC\VGI
MES]EWGWMC\XGQNLGV,[7^,J9\Y]/2[G[,N_O+'YM/3+G[+O/O;'YQ/C=9/L9
MVO\ &5,^<^GI=S]F7?WEC\VGIES]EWGWMA\XGQNLGV,[7^,J9\Y]/2[G[,N_
MO++YM/3+G[+O/O+'YM:BVVQF,4HXUM1 $P )S25.$I0$>!,(%LIC" >8]("/
MR (Z"[N28_PV[&0)-2RC77%V3 U.)C0$X3TRY^S+P=IJV,#MQ=DX[ I]UOKH
M)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:
M(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)
MHB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(FB)HB:(
MFB+J/[XOA45:VJ;I\Q;<\?;2E\P1>'+8]H4O?)G,)L?*2=N@!!E;&K&N(XUN
M DC(F<3>1;-^M+@K)%:&>>AM$U4T]%8-GB.P?KR[_)M._1D<M_N?D=_A,.?]
M1>B;L<<]V-3Q)'+EIG1??T9'+?[GW'_X3#G_ %%Z(6GGQTB>_0Q/CHOGZ,CE
MO]S\CO\ "8<_ZB]$W9F'">XP.\X3]&1RW^Y^1W^$PY_U%Z)N]L3@8.O?H?;X
MYQ]_1D<K_N?<?_A,.?\ 45\O\O?HFZ3QSR([^W6.&-9T7S]&1RW^Y^1W^$PY
M_P!1>B;N=<9G&D>/=W#)PM9?AD,H;JZNS_C2<%$0ZMR[PPF$/(@=&"1\3>0"
M;I*'F8P  CIY\]VJ;O;,1B(,'O.(!$D\CHM'Z,CEO]S\CO\ "8<_ZB]$W=,G
M/^7QYYGW<>2?HR.6_P!S\CO\)AS_ *B]$W3GLY]D3X9]G+"?HR.6_P!S\CO\
M)AS_ *B_Y?+H@:>)CP_.8QK/+0<GZ,CEO]S\CO\ "8<_ZB]$#9C/?@X\]XG4
M:K[^C(Y;_<^X_P#PF'/WO^\7_P _VM$W2(D\IQI@SQGARCO7S]&1RW^Y^1W^
M$PY_U%Z)N=OC&._7D1XSH!*W4/AD4AWR7I/9^LP;]X3OQ0W++&6!'J#O!2*I
M@TI#* 3D2%.8I1-P!C% 1$";O;[O.ITY\,X7<FVZYLK6Y+ V'L_TYL\95C,F
M-Z?D>%82/1ZPCF5M@V4RG&OA2$4C/(X79F3HZ0BD== YDQ$@ET556;1$T1-$
M31%MJJI()*KKJIHH(IG5665.5-))),HG4554.($333( F.<P@4I0$QA  $=$
M6)>:[=GLEJ],2L#*[UL;I2<+(O8F12;0>1))ND^CW*C1VDC(1M,=Q[U--=)0
MA'3)TX:K@ *(+*)F*<2F"= 5#/H^/9#?KV<??DME'YB:)!Y'V)]'Q[(;]>SC
M[\ELH_,31(/(^Q/H^/9#?KV<??DME'YB:*(/+SK\,I]'Q[(;]>SC[\ELH_,3
M13!Y'V)]'Q[(;]>SC[\ELH_,311!Y:Z=J?1\>R&_7LX^_);*/S$T2#R6HG;W
M=D2<1 F]>@'$ $1 M4RD/ !YB/%#\ #Y=$\^?:/:.:T_1\>R'_7LX^_);*/S
M$T2$^CX]D-^O9Q]^2V4?F)HI@\BGT?'LAOU[./OR6RC\Q-$@\C[$^CX]D-^O
M9Q]^2V4?F)HH3Z/CV0WZ]G'WY+91^8FB0>2?1\>R&_7LX^_);*/S$T4P>13Z
M/CV0WZ]G'WY+91^8FB0>1]BR(;>]R6"MUN-V.7=N^3:UE?',B_?Q3>SU=PNH
MU3E8LR9)"+?-7K=G(QDDS[U$Z["29M79$ET%A1[E=(YRA5OT1-$31$T1-$31
M$T1-$31$T1-$31$T1-$31$T1-$31$T1-$31$T1-$31$T1-$31$T1-$31$T1-
M$31$T1-$31$T1-$31$T1-$7DF[TH\)3M9=[;+U.TGCJ;HMPID8EZB*R+Q8M_
MFP31Z2_3"F4$W=@= Q%R]7TDX'$!UBK NI/8VJZB^HTTV56-:Y]-[@0U[6N:
MYA<TY&^TMD>L"%=EW;656VKW;*=:B+JW8;>L:K:==U2JUC*+G4',JM;6<>K+
MZ;V/9)+7-,.%-K+6G+,J<RYQRRKD,_,@#!0(1<(Q;OP4?(>B/)-)11;OV9P[
ML!6,(MTBJ  '%0XXK.A6MZ#*5>[JWM1H;-Q69194>0QH)+:%.E3&\X.?A@@N
M('J@ 0Z"^J^2&OJO>RG W:#'.);089WW,ICU6N>Y[R/I.)TNSVW[B=O6+*@E
M3+[V?.&-SEPD[B+B/M-HG[?"V)PUE2MVK"I-8JO%.Q5;MW"2AVJK9%)^NJZ$
MB@JG IC;2 ;Q !/+EVGB1P']%>,CNWVC&+*'<]B1MM8E@S*$FQ<WK,Q?5 HN
MO05O67L_I,$7@"U5%QW8)N"F1,(*%,4+!I(GPXGX2MZCL]]8#][3:7"0"2>$
MQCBK==R&1MO^X"JUR$P[L:P'M8EXN=-)R=KH5BO%JD[!'G8JMBP3QI:C+1S=
MB5PJF^%=%N9YWS=(A%4T3+$5MU9.A XYG3NYQPE=BVZ+W%Q]&YHC$Y:_XP?@
MK3VNW]XZ .E>K$YX\X9$?/W^#/\ EQY!K(+9[C <)@GB-/;^O>NS1_9]?UXW
M;ZS;.DMK'34F&8]GZ*=8W:3-R8D[J2I:?7QQWD*''CXASTL3"'@(?R\\PL:A
M_B;J!&9D^>)"[E']D.V*\%NT]F@1.6W6G@R9]@518O8!;Y42@C8<>I]7B J0
MJWR<_P!3%CJPV;5)CK&#O!,B0. P<CL74M_V&;<N2&MVSLMI<)&\V[YQ)BCX
MQK YF%/*/9B7]9,J@6W&0 ;W#"/.?+GQXAQ#W_\ /K(-EU#I59'<><=JZ[?^
MCITA< ?\>V. ?_97O=_V04&M'9RV>F5R<MECO6+V$%78MY,2KPT#(* W8L$#
MN'"@)I0IE53@0@@FFF4QU#B4A2B80 :5=G.I4WU'UF!K 7..ZXP!V#)GS*P7
MG_1^VUL^TN;ZZZ1;&IVUI1J7%Q4-&^(92I-+WNAM(N) &&C), 9*M(VXX@)N
M3NLW2JR\JU>>1D2ZFHYW88,")SK!D^0:.%&*+2-65142(Y;.3HN^[4!%7V2F
M%-7HTK:GZ34ZIKV,=NEPWC),<!'',QDP#C!7SSH;T#N.F>U;O95EM2SM*MO;
MON:52[I7(;=TF56TW.I-8PN:0'L>6U-TAKHC>! ORA.S4N$8N*K^1Q'.IBD=
M,&S^+F4$0.8Y#%7 S"-:N>]3*4R92^D"@)#B)D14 #AT/\*J_P#:T_8[]%],
M_P#\<^D7#;^Q\:?NKS_^,K'W?J>[KE_O-;:XWCWK&D64U2F9B(B.FGQLHH 1
M3)1Q-OVG^QR;Q^)7: 3#X@JKF*B4$T#@D.BZA5::T,<YE!X;5J-:>K9+MUI<
M[1H<Z&C>B3A?"MN[-=L#;.T-B7->C5N=GWEQ9%U,G=KOMGEE1]%M1H<YOJR!
MNAP:,@+6K"I 2,1''>-RJ%8D;J++6RJE]*71[Q11XMZ/+MB)'4*HF!B'Y  3
M#@WB/.%<R>0YG])[N>L*V/)[]B>#7:D@H^,>-YD4C';)L"*D BA>I,OHX=Z9
MMTG &[CD4G)1$P**]("!3''@"9!(G^^@]D'(CU;>R)_I8.P_]C!B3_%1AHJ'
M4SK)^*R+Z(FB)HB:(K8M[+A=ILUW9NFRRK=RVVTYS7;N$%#HKH+HXQLZB2R*
MJ8E4253.4ITU"&*<AR@8H@( .B+QOJ^QK[D' V"1>QQ"ID]"%HU%?OU (J8Y
M3F[LX$ #%13 0#P[T3CR!>!P5GUV;G4T!7EP#P:PH[C9$N!+'[Q ).[C2)SC
M9:VB:-PXU=RLQLT:(82*YAYW'500*/K-:T.>UX]8D"&D'@K&AB'4*DWDE"E4
M5*0PR#8G60AA!(_2,4;I%4.!$O4/=\\#U<<ZSB8$X/$:P>_$K")@8@EH,"#!
MUX$3!,3$'7=T5YN&=N&-LVL2(4=]F"UV>.BV3RT0M8K,(Y+$.UX]\_<MVIWZ
M[->10:I1<DJH[11%%-JR7=N3((!U!8-)$@8T\5#G%HS$3C5VHU]IX\Q$JM<K
MV>IX)$R\Y5=Q$*B5ZM&BXEZC5(UJ$B@HZ278&6=RJ8 ]049.TUVG'I"2K1RF
M<@"@KT6;2J.^B ?^)H\<D&,C*JZLT9) U!P[3CYUPJ2W[9PZB(I U&A\C3]D
M.\+WD'-*4N)(:)!(_?O6SE&1<&771<':(@U(B8YP< /GT@;,+*Y=I2G_ (F?
M^;*Q&[HC5XB<P''MSB,#G QG2%3MMLWW".T4UVV(+ LDL0%$E"W*C@!R& !*
M(=3HOF AY@ ^X?'5QL^\.E&?^.G_ .?XJIO;1H@UA_X*D\LP!SC*B!-D>Y-3
M@287L9N?DN=%_=_3GAK(-E;0= %N<_YZ7QWX5?\ $[)NMPT</H5/R!TG]%"Y
MK9]GVME8'G<33D2C*OBQK)P\NU%1:+/C(K.2-E'(N_1VZBB+=8Z8NE42*"F)
M$S&4X(-QL7:9TM3][1__ )/'N5!M;9YQZ0TQ_P"SJ0!,9&[/'SF9G)L*W2J<
M"G@RRJ /' ENU X$!#P$!&0 .!\!^WK*.C^UW:69XZUK<::ZUAY[E3_&MEQF
MZ9';3K<M9+8X<Y]LK?+V?^Z\_P!3@6TC_P#?;'W^D0UD'1K;9TL7'NKVI_\
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M?/@HU7TSMX=0ZIWKPZJ@* =0[E8ZAP63*BL!CF.)C JB0J2G(CWB92D-R4H
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M?<4ZI_=/>1O/W.LIUFLDDAC#IE49FC8(5KQPHPY'):"NNI!6QC5BQ+IF+[H
M')(MUWK94D:F58I4$3 +M4R2BRJ20+&\;3(#I,:'7$&/".0@^Q?1=DNN^L;U
MIM^JC(;UQJ Q.#!!!,3D0W0 DA1NI&3*='J51#I$O/Z90\P* >Y7R ?>/@
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MFG8,77J$4D3*%8$EJC-1QGID@)WI&H/&:(KBF"B8G!+J$@'*(\ (:M_AU^2
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M,[M1DL<,[P,$&5VNCE6C0VQ:5+BI3I4FNJ.-2J6AC'=34W'$N]4%KRT@DR'
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M .D/ZWIY'^N#2./%22"?I?\ -S\9\B!J..@YB"F7](;2BI#. ,V!&310,DU
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MG4N[/:<]WJX6LX)CQW:1R?+U+%4Y#W<<)DX_=Y^UI/9\/UG7'9Q3J7<8]O\
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M(?5 )4B@!1_J0$!$ ]X^ Z)!UB1G3/Z_#^G'6A7#5FNL<R9BE$HB)5!X\/
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M!BB<H[G-Q "4" J)@&_S0=()F,4%!'GCH$Q0/]2)@ 1T5AI,:1XYX'7'G&G
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MZV]N "#DD:&3Q4<?=F1V?D$\B&$Y;;\DI.R#F,9>K,@,K CZ4S<-6RXNCUJ
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M4J_'F7#H $D@!,!(7@H\]/MAQR/(B  HH ";R YOZ[QA8H\>> ?S,<<D <>
M"A0V%R<>3-P$>1Y$PJ"(B81$1Y'Q\1$1$1]X\CXCHD @9/+3!UR,Z#\L\E\]
M?K\\>C$__$_?T40-)]WL[.WP(7,1M)T0*!H=BXZ2G 17]-Y,)C%,!A[AR@/4
M4/9+X]/2)N0$>! A B)R)GM/+WQX3C,\CXW_ /S=B/PRO^DOWOO:(&SQ\^T2
M.$CCI.J^A<3%Y$M>B@Y 0'@TL B4?,!XD_$./,/?]X>"@M![8S! F1GGP]H[
MYB=*VNK/0ESF@5H\(:FPK23)%S,O),):RE>2K6--&5=HI)=4H_;@Y&0=-$1
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M8W\5'TZ3;AT.ITB:S0*^[Z,T=93-/UM\%NZ]SMYP+BN=>WDT75&7EG+&/+Z
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MWF[_ ,7_ /2N6&R?=OZ$*0X^KHOO2>L'7?5H&@-.ZX%#T#U6*OI'?<J>E^G
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M6U(8DQ3*TA+&DGC+'LECA Q#(X_?TNMO*2B)'IY @I51Q&J028E?K*OBB1@
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$T1?_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>53
<FILENAME>g494294g0130065930510.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g0130065930510.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  [ /8# 2(  A$! Q$!_\0
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M#=V7&1FNUKS+X/P$6VJ7&3M9T0#MP"?ZUWFNZS:>'M$N]6OBPM[9-[[1DGL
M/<D@5Z%!MTTV?$YQ3A3QM2,-K_FKFC17FVF>._%?B&T74-&\-6K6,F3&9[H!
MV&<=!]*T]!\=7FI^+!X=U'0I].NUM6N',C@J<$ ;?4'-;'FG;45P?B+XEPZ=
MX@'AW1M/EU;6"<-%&<+&>OS'Z=:I:IX[\5^&K=;[7?"T8T_CS);2?>8\^N:
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+%)10 M%)10!__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>54
<FILENAME>g494294g0130102129993.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294g0130102129993.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  [ /8# 2(  A$! Q$!_\0
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M#=V7&1FNUKS+X/P$6VJ7&3M9T0#MP"?ZUWFNZS:>'M$N]6OBPM[9-[[1DGL
M/<D@5Z%!MTTV?$YQ3A3QM2,-K_FKFC17FVF>._%?B&T74-&\-6K6,F3&9[H!
MV&<=!]*T]!\=7FI^+!X=U'0I].NUM6N',C@J<$ ;?4'-;'FG;45P?B+XEPZ=
MX@'AW1M/EU;6"<-%&<+&>OS'Z=:I:IX[\5^&K=;[7?"T8T_CS);2?>8\^N:
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+%)10 M%)10!__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>55
<FILENAME>g494294last2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294last2.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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G<2B\GCF^VI<I<1NT<ZRI)() #XN_X9O^'7KK_P#X,XO_ )"H __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>56
<FILENAME>g494294lat1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294lat1.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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=*SM8+M8[:U@MXHXHXHU5$2-54  "C;RL&WE8_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>57
<FILENAME>g494294m2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294m2.jpg
M_]C_X  02D9)1@ !  $ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$  (" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @,# @(# @(" P0# P,#! 0$ @,$! 0$! ,$! ,! @(" @(" @(" @,"
M @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# __$ :(   $% 0$! 0$!           ! @,$!08'" D*"P$  P$!
M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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+<(.\DVD]UV]#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>58
<FILENAME>g494294m3.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294m3.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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AN(]=M=1CN[36V6\>2>":]MYI[5Y[C[++"MW<+.;!L?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>59
<FILENAME>g494294m3a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294m3a.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MP/HVO:IH^IWL^M0#0VU">TTW2M<U/1-+FOM3VBXU*^M=(N+8WM^(S<1+)*[
M1W]XA4K=2AS8-C1\.^&-*\,>'K/PMIBW+:+IT$]G96VH7ESJ4EOITDTSPZ:+
MF]DDFELK6"5;2!)7<I;P0QEFV9)M\@V^1PGB'X6^%KN#PWHNEPMX4T0:\]QJ
M^D^%+/1-)M?$L</AW78[.TUR;^R);HQ6UZUM?QRV-Q8W)GL8TEGDM9;FVNC8
$-C__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>60
<FILENAME>g494294m4.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294m4.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MW<Q6=]J5GJ6D'[*'MB]IIUE??8X$U*.:^-@V&7'CG7M7OM8D\.6\4UQI9O\
M6? >D(UV#\2?#7AR'2;+QA+-.Q6PTVTN]7UN*PT&^GF@,UQ81ZC%]JTF287
M!W%CX[TK4?!\/BY;7Q!H5K="TMX[/Q9X2\3^']9LM1U"ZMM-L[34O#VH:9#J
M,8&I7EO"\L<+PD%I8YFA7S: .)T#4)KO6-!7_A)M;N]1TGQSJGAG787M]7TK
M3;Z _#_4O$46G26.L'R-5-K)=:-</J6GPP.EU!)9R>2;>[M5-@V/:_+7U?\
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!V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>61
<FILENAME>g494294m5.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294m5.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$(  P /P,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /V%U?Q/XPN/&4]M'HOBK2K+2+SPT=)T)Y_"JOXIF-A\5);V
M:VNM)UNZ"Z5J@TC1(O+UFXM/LOV%+F2U@8.S@'L#G6;C3K*2.33-*U$I;RZE
M%)'<:U9PL(3]ML[2Y2?36<I<':EY)" 5B+-:@OMC /(O \FMZ_XAU*\BU3QO
MH]F4\.>(-?@O[N*:R?7[G3;>UG\'VVC^)O!$G]C6$6E:;8W5X/#^IVL9FU5+
MB+]]?S7#FP;'-_$GQ[K.E^-(YM";5(M.\/>"O'NGZS-'!96\.G>(=1ATS4?"
MM]J%GJOB:V<VK0^%?%#V>I7'AW4K(K:7:13!+X2T;!L=9\*?']QKWA75+W7=
M3L6DT&TT2:2_O'BMS<VVI^%]+UMM9NK^WGDLKS3YM1O-1M%N=/CCMXYM)O;-
M5::PE  .7T+Q5XVD\,Z;?QV/C"<ZQXUNRVLS77AF*W!O_&+Z!9Z)K-CJZ7VH
M^!]/ANH1;3Z79:'J\]A:RQQ/J#:BEU/$ >R>(-:U#1_"TFIZAI]_#>0V7VC4
MD\*WFCW_ /97D1&XO9K?4?%D6F6DUE#'%-FXN[6 %%),2.5% '*_!K4_%NK^
M"]#U#Q='JKZC>:%HUU?W^M7OAUM0GUQ[8Q:Y:MI'A>Q@LM&BMKZ%T\C=YJ%C
M'-''-#*M &S#\,O#%G//=V']K6%]-::);+J46KWUQJL4^@3>(Y;/5)-4U"6Y
MN]1U65?%6L0W5QJ,UX;J&98IPZA@YL&QH6_@70H?"TO@^Y;5=4TBZN[V]OSJ
MVLZE?7VHSZGK<_B#45O;^2Y$TEG<ZC<W"O9(R6HMI39I"EH! #8-BKH_A+2W
MU.3Q!?M<ZGKEGXH\0ZGIVIW+6]K<V"WUC%X<ETN+^R+:S2YT@:/I^GQ?9KQ+
MH22:=9W4[2W=I!/$;!L7[OP3X<O#=3-9/!J5U=7%Z=;MKFXBUV&ZN7LW=H-6
M\PW"6Z_V=IL8LV=K4PZ;:V[P-;P)$ "EX+\)R^&--_LJ?Q+K?B:TL1:6.GIK
MMAX/M?L%OI>/LBVZ>%?"NC1DJVQ@94EVM&K)L8L6-@V,'5?!MCI6A^#O#%GJ
M&JIID'Q TO6KG>]A+<ZG=0>(;SQRL=[-)IYV6Y\1VUO.1:"U<I$(MXC9E8 [
MW6M T[Q#!'9ZLMQ<Z>KAY]-6ZGM[&_P1B'5(;9X_[2L2NY7LKEI+697(FAD
M7: 8(\$O;^,&\5Z9XM\5Z3:75G+#J_@RTFT&X\'ZSJ#!5AUZXM-4T"[U'3-8
5AC7:6T?4],@N>'OK>ZE574V#8__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>62
<FILENAME>g494294m6.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294m6.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$(  P 5@,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /V7\<WOC+1(],D.N^))[>X&IG4T^&_A'P_<ZW:6]E8BX74-
M/TKQ1)K<M\L3(P>TM+;4[N=KB-+:W9AL8 @\=Z_XB^%WPX14F\??$/5K73KZ
MWD\8I;_#-/$;ZA'%+-ITFH:5#!X<TNYU*_NFATZTAT7PY<1"5HFNK:& 2W2@
M'.^%/%6J/K/P_AU;4-4OH8?#.K&\:RC\17]Q=:RZZ;#?C7+:*&WGN;B*X+31
MPWFA6*6<5RCV[3Q.9;4 Z'Q#XM-E\5=)MQJ.GII.@^ ?'^HZTMOKNK3I:R6]
MWX"GBE\3:'86!M;*2"*9S:7%S+=3K#?WC011B5Q. :GPKU35KSX:VEQJ>J1+
MJ.F1:CI,]_JVG:Q&EA>^'GDTG5!JDVLZ_/=:]':ZQ8:@'U'[99K<QQ JL6TR
M,?H'Z'G%OXA\6:GXKU#6Y=4\5:?IE_K&B_#C2TT^TTW2+.RL;FVL=4_X3RVT
MG7/#VO02W6H:GK]E;V]I?7R7*V%I'<-!@W$< !W7Q U#Q=IEYX*T'PYJFNWU
MW=K ^K_V=!X2;7;S2K'QI\.-*USQ%-'J-I#;K!8Z+KFJRW*Z=9J/]-!C@W+
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@PMGI"WRZE:VJ7=M&L%]!:O'J4QN;:XEAM);,V#8__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>63
<FILENAME>g494294m8.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294m8.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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2&!=A%%$@+'8BKA0;?(-OD?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>64
<FILENAME>g494294m9.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294m9.jpg
M_]C_X  02D9)1@ !  $ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$  (" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @,# @(# @(" P0# P,#! 0$ @,$! 0$! ,$! ,! @(" @(" @(" @,"
M @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# __$ :(   $% 0$! 0$!           ! @,$!08'" D*"P$  P$!
M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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'F<@   __V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>65
<FILENAME>g494294page034.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294page034.jpg
M_]C_X0BS17AI9@  34T *@    @ !P$2  ,    !  $   $:  4    !
M8@$;  4    !    :@$H  ,    !  (   $Q  (    >    <@$R  (    4
M    D(=I  0    !    I    -  +<;    G$  MQL   "<0061O8F4@4&AO
M=&]S:&]P($-3-B H5VEN9&]W<RD ,C Q-SHQ,CHQ-2 Q,#HU-SHS.0   Z !
M  ,    !__\  * "  0    !    A* #  0    !    $          & 0,
M P    $ !@   1H !0    $   $> 1L !0    $   $F 2@  P    $  @
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M 0,1 ?_=  0 "?_$ 3\   $% 0$! 0$!          ,  0($!08'" D*"P$
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M:F,    , %  <@!O &\ 9@ @ %, 90!T '4 <       "G!R;V]F4V5T=7
M   !     $)L=&YE;G5M    #&)U:6QT:6Y0<F]O9@    EP<F]O9D--64L
M.$))300[      (M    $     $      !)P<FEN=$]U='!U=$]P=&EO;G,
M   7     $-P=&YB;V]L      !#;&)R8F]O;       4F=S36)O;VP
M $-R;D-B;V]L      !#;G1#8F]O;       3&)L<V)O;VP      $YG='9B
M;V]L      !%;6Q$8F]O;       26YT<F)O;VP      $)C:V=/8FIC
M 0       %)'0D,    #     %)D("!D;W5B0&_@            1W)N(&1O
M=6) ;^            !";" @9&]U8D!OX            $)R9%15;G1&(U)L
M=                $)L9"!5;G1&(U)L=                %)S;'15;G1&
M(U!X;$!RP           "G9E8W1O<D1A=&%B;V]L 0    !09U!S96YU;0
M  !09U!S     %!G4$,     3&5F=%5N=$8C4FQT                5&]P
M(%5N=$8C4FQT                4V-L(%5N=$8C4')C0%D            0
M8W)O<%=H96Y0<FEN=&EN9V)O;VP     #F-R;W!296-T0F]T=&]M;&]N9P
M       ,8W)O<%)E8W1,969T;&]N9P         -8W)O<%)E8W12:6=H=&QO
M;F<         "V-R;W!296-T5&]P;&]N9P      .$))30/M       0 2P
M   !  (!+     $  CA"24T$)@      #@             _@   .$))300-
M       $    >#A"24T$&0      !    !XX0DE- _,       D
M  $ .$))32<0       *  $          CA"24T#]0      2  O9F8  0!L
M9F8 !@       0 O9F8  0"AF9H !@       0 R     0!:    !@
M 0 U     0 M    !@       3A"24T#^       <   ________________
M_____________P/H     /____________________________\#Z     #_
M____________________________ ^@     ________________________
M_____P/H   X0DE-!         (  #A"24T$ @       @  .$))300P
M   ! 0 X0DE-!"T       8  0    (X0DE-! @      !     !   "0
M D      .$))300>       $     #A"24T$&@     #8P    8
M     !    "$    %P!( '4 9 !S &\ ;@ @ $4 > !H &D 8@!I '0 (  Q
M #  7P R #< +0 S #     !                          $
M     (0    0                      $
M$     $       !N=6QL     @    9B;W5N9'-/8FIC     0       %)C
M=#$    $     %1O<"!L;VYG          !,969T;&]N9P          0G1O
M;6QO;F<    0     %)G:'1L;VYG    A     9S;&EC97-6;$QS     4]B
M:F,    !       %<VQI8V4    2    !W-L:6-E241L;VYG          =G
M<F]U<$E$;&]N9P         &;W)I9VEN96YU;0    Q%4VQI8V5/<FEG:6X
M   -875T;T=E;F5R871E9     !4>7!E96YU;0    I%4VQI8V54>7!E
M $EM9R     &8F]U;F1S3V)J8P    $       !28W0Q    !     !4;W @
M;&]N9P          3&5F=&QO;F<          $)T;VUL;VYG    $     !2
M9VAT;&]N9P   (0    #=7)L5$585     $       !N=6QL5$585     $
M      !-<V=E5$585     $       9A;'1486=415A4     0      #F-E
M;&Q497AT27-(5$U,8F]O; $    (8V5L;%1E>'1415A4     0      "6AO
M<GI!;&EG;F5N=6T    /15-L:6-E2&]R>D%L:6=N    !V1E9F%U;'0    )
M=F5R=$%L:6=N96YU;0    ]%4VQI8V5697)T06QI9VX    '9&5F875L=
M  MB9T-O;&]R5'EP965N=6T    115-L:6-E0D=#;VQO<E1Y<&4     3F]N
M90    ET;W!/=71S971L;VYG          IL969T3W5T<V5T;&]N9P
M   ,8F]T=&]M3W5T<V5T;&]N9P         +<FEG:'1/=71S971L;VYG
M   X0DE-!"@       P    "/_         X0DE-!!$       $! #A"24T$
M%       !     (X0DE-! P     !YD    !    A    !    &,   8P
M!WT &  !_]C_[0 ,061O8F5?0TT  ?_N  Y!9&]B90!D@     '_VP"$  P(
M" @)" P)"0P1"PH+$14/# P/%1@3$Q43$Q@1# P,# P,$0P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P!#0L+#0X-$ X.$!0.#@X4% X.#@X4$0P,# P,
M$1$,# P,# P1# P,# P,# P,# P,# P,# P,# P,# P,# P,#/_  !$( !
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MUO\ 1,;[-1Z+/4W_ ,Y6][TE/39_5>G]+H:[J.75CES3M?:0W>6B7^G7/O\
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M/K/2NOXGVRQF3T[ Z994W.:STW.>^VJQ]5S#9=^D_0^MZK?II*8?MGJOJ?\
M-+[2?VO]J^S_ &W3U?L'I?;/VC]#T_M?H?J?T=GVO],DJWV7(_:7_/ST'>G]
MICT=K_5_9GI?8_M?H[/4]7U/\H>CZ?J_9/\ MI))3__9 #A"24T$(0
M50    $!    #P!! &0 ;P!B &4 ( !0 &@ ;P!T &\ <P!H &\ <    !,
M00!D &\ 8@!E "  4 !H &\ = !O ', : !O '  ( !# %, -@    $ .$))
M300&       '  @    ! 0#_X1"A:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O
M,2XP+P \/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(>G)E
M4WI.5&-Z:V,Y9"(_/B \>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE
M=&$O(B!X.GAM<'1K/2)!9&]B92!835 @0V]R92 U+C,M8S Q,2 V-BXQ-#4V
M-C$L(#(P,3(O,#(O,#8M,30Z-38Z,C<@(" @(" @("(^(#QR9&8Z4D1&('AM
M;&YS.G)D9CTB:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN
M=&%X+6YS(R(^(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B('AM;&YS
M.G!D9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&8O,2XS+R(@>&UL;G,Z>&UP
M/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C O(B!X;6QN<SIX;7!-33TB
M:'1T<#HO+VYS+F%D;V)E+F-O;2]X87 O,2XP+VUM+R(@>&UL;G,Z<W1%=G0]
M(FAT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]S5'EP92]297-O=7)C945V
M96YT(R(@>&UL;G,Z<W12968](FAT=' Z+R]N<RYA9&]B92YC;VTO>&%P+S$N
M,"]S5'EP92]297-O=7)C95)E9B,B('AM;&YS.G!D9F%I9#TB:'1T<#HO+W=W
M=RYA:6EM+F]R9R]P9&9A+VYS+VED+R(@>&UL;G,Z9&,](FAT=' Z+R]P=7)L
M+F]R9R]D8R]E;&5M96YT<R\Q+C$O(B!X;6QN<SIP:&]T;W-H;W ](FAT=' Z
M+R]N<RYA9&]B92YC;VTO<&AO=&]S:&]P+S$N,"\B('!D9CI0<F]D=6-E<CTB
M36EC<F]S;V9TPJX@5V]R9" R,#$S(B!X;7 Z0W)E871O<E1O;VP](DUI8W)O
M<V]F=,*N(%=O<F0@,C Q,R(@>&UP.D-R96%T941A=&4](C(P,3<M,3(M,314
M,3(Z,S0Z,#,M,#4Z,# B('AM<#I-;V1I9GE$871E/2(R,#$W+3$R+3$U5#$P
M.C4W.C,Y*S U.C,P(B!X;7 Z365T861A=&%$871E/2(R,#$W+3$R+3$U5#$P
M.C4W.C,Y*S U.C,P(B!X;7!-33I$;V-U;65N=$E$/2)X;7 N9&ED.D1"03(W
M0T%!-3A%,44W,3%!0S9!03(R.#@U,#8R,3DS(B!X;7!-33I);G-T86YC94E$
M/2)X;7 N:6ED.D1#03(W0T%!-3A%,44W,3%!0S9!03(R.#@U,#8R,3DS(B!X
M;7!-33I/<FEG:6YA;$1O8W5M96YT240](G5U:60Z1D(V1C(Q.3(M-#)$-2TT
M.3<R+3@U,CDM,S-$1C=#,#A"1D5!(B!P9&9A:60Z<&%R=#TB,2(@<&1F86ED
M.F-O;F9O<FUA;F-E/2)!(B!D8SIF;W)M870](FEM86=E+VIP96<B('!H;W1O
M<VAO<#I#;VQO<DUO9&4](C,B/B \>&UP34TZ2&ES=&]R>3X@/')D9CI397$^
M(#QR9&8Z;&D@<W1%=G0Z86-T:6]N/2)C;VYV97)T960B('-T179T.G!A<F%M
M971E<G,](F9R;VT@87!P;&EC871I;VXO<&1F('1O(&%P<&QI8V%T:6]N+W9N
M9"YA9&]B92YP:&]T;W-H;W B+SX@/')D9CIL:2!S=$5V=#IA8W1I;VX](G-A
M=F5D(B!S=$5V=#II;G-T86YC94E$/2)X;7 N:6ED.D1"03(W0T%!-3A%,44W
M,3%!0S9!03(R.#@U,#8R,3DS(B!S=$5V=#IW:&5N/2(R,#$W+3$R+3$U5#$P
M.C4W.C,Y*S U.C,P(B!S=$5V=#IS;V9T=V%R94%G96YT/2)!9&]B92!0:&]T
M;W-H;W @0U,V("A7:6YD;W=S*2(@<W1%=G0Z8VAA;F=E9#TB+R(O/B \<F1F
M.FQI('-T179T.F%C=&EO;CTB8V]N=F5R=&5D(B!S=$5V=#IP87)A;65T97)S
M/2)F<F]M(&%P<&QI8V%T:6]N+W!D9B!T;R!I;6%G92]J<&5G(B\^(#QR9&8Z
M;&D@<W1%=G0Z86-T:6]N/2)D97)I=F5D(B!S=$5V=#IP87)A;65T97)S/2)C
M;VYV97)T960@9G)O;2!A<'!L:6-A=&EO;B]V;F0N861O8F4N<&AO=&]S:&]P
M('1O(&EM86=E+VIP96<B+SX@/')D9CIL:2!S=$5V=#IA8W1I;VX](G-A=F5D
M(B!S=$5V=#II;G-T86YC94E$/2)X;7 N:6ED.D1#03(W0T%!-3A%,44W,3%!
M0S9!03(R.#@U,#8R,3DS(B!S=$5V=#IW:&5N/2(R,#$W+3$R+3$U5#$P.C4W
M.C,Y*S U.C,P(B!S=$5V=#IS;V9T=V%R94%G96YT/2)!9&]B92!0:&]T;W-H
M;W @0U,V("A7:6YD;W=S*2(@<W1%=G0Z8VAA;F=E9#TB+R(O/B \+W)D9CI3
M97$^(#PO>&UP34TZ2&ES=&]R>3X@/'AM<$U-.D1E<FEV961&<F]M('-T4F5F
M.FEN<W1A;F-E240](GAM<"YI:60Z1$)!,C=#04$U.$4Q13<Q,4%#-D%!,C(X
M.#4P-C(Q.3,B('-T4F5F.F1O8W5M96YT240](GAM<"YD:60Z1$)!,C=#04$U
M.$4Q13<Q,4%#-D%!,C(X.#4P-C(Q.3,B('-T4F5F.F]R:6=I;F%L1&]C=6UE
M;G1)1#TB=75I9#I&0C9&,C$Y,BTT,D0U+30Y-S(M.#4R.2TS,T1&-T,P.$)&
M14$B+SX@/"]R9&8Z1&5S8W)I<'1I;VX^(#PO<F1F.E)$1CX@/"]X.GAM<&UE
M=&$^(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @/#]X<&%C:V5T(&5N9#TB=R(_
M/O_N  Y!9&]B90!D0     '_VP"$  $! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$" @(" @(" @(" @,# P,# P,# P,! 0$!
M 0$! 0$! 0(" 0(" P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# P,# P,# P,# __  !$( !  A ,!$0 "$0$#$0'_W0 $ !'_Q &B
M    !@(# 0             '" 8%! D#"@(!  L!   & P$! 0
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M!A]R[KPLU;51RT]-H2L^WBD_R9"![KW58.:_DB=Q;FW!V1L_</;NW,C%N_\
MEN;0Z6QWRNI=L[6VYO['?+S9'>VRNRNM9Z#JW X*%:+H'I*@Z8VL-NX^?,UN
M4;'U%?0UU=732+61^Z]U:M\ ]A_->/K_ ++R_P#,ABZAW!W;5?)?L7>_5E-U
MCF3OO877?5.2P&SZ#:>#Z]S&?V3M#<^&QM#EJ3,-21Y"*?+I1U"&JJ7D=HHO
M=>ZU^_CA_+0^<VR/EM_+HW#\ANC9]QT^UOFK\I.\-U?(.;N/'=P;ZZ8ZTV;M
MCY&R]1]=;VRD>SJ7,4>P^WY.P=OG#Q3;RW7-0/BJ>CJ(:,F2!/=>ZV8?FGTQ
MWE\@^C:WJ#H7O>O^->?WGO#8M#OGM_;--6'LK;O4--N6AK^S:/I_,TM1$FSN
MU-P[:I9<?B<W+'4+BGJ7J(T6H2&:+W7NJ@Z/^65\L_D'\H_YH?</:_;F]/AO
MNO?W>/QHSGP:[X^+_8==6YB@Q70G26[]D4.]-W;3S%7#2;QV;N[;O8M/A=W;
M*S\$6.K<MC\JU$Z124>2D]U[HQ?\T7X,]X_-ZBV=U3UGL[IG9T-#L[/;TWE\
MM\_E<OC^SZ[=N!VGNO9^!^.&&V5LT83(YCJCO?&[SR.$W\V;S-1@GV%F,QC8
ML;/75=-54WNO=5;47\E?M;X\X[&_*[!_ +X+_,#LG?&YL)A>XOY:6Y9L#N+J
M/K;H;#;<Q6)ZRQGQ8[W^4M-GZ*@[\ZFW1'E\OF\MEHL/M[<E!NS*8REIJ5,9
MAY9_=>ZO<[VZ:^3'RXVI\-\UB][[E^'%!L/MO9'R%^1'3<&:I,OV!O.OZWQL
M^X]C?'K+]E]9;HK=L+UO4]I144N[Y,;+5_QO$40IZ::)99-7NO=$-^.W\N3Y
M;[SQ]9WOW=VSNCX6_-#;/SE[?[D@J?C5V+5[]^/?;O3.ZMT[&ESO7?8G6^4R
ME#2]D=0=L46T*C(8N#<"X_=VUJFMAD#P-#+13>Z]T._\QSX"[_\ FGO[:&Q]
MJX:CP'6^_,-AZ7OGO/=?R"[Q6?K;;&P]W8S<.WL9\<_B]M/<F(ZKD^2F1R[)
MD\%V1F[0[,J,4E4*/)50I8H_=>ZK(^ O\J/Y.=#]=_%K?^V/C'\3,A#+55V4
M[Y^/_P _,GNS?O?_ $1V'U]V_O1MH]J?&?Y+[6Q/<@I*?L#;+8_/UFSJJFI,
M!CLXARF/GIZK)UT4?NO='M^<W\OWYA]^_/S:'R=ZBJ?B-G^L.O\ XV]?;'V5
MM/Y,R=TY([0[[VOW5O[LO_2OA=E=72X?:^Z,CMJ";;=7A9]SS96'$9G')54%
M'3U*-4O[KW0._#+X0?,KXA?/CH"/NK=FR.X/BI\5OY7G:_6.(^5&&V&_7>X-
MR]@[[[SZJW9N;8W8>V,AV1V-DJS=E!0]=U.XVSM"E#3Y2GKW2H5ZF(@^Z]T6
MS_1=V'_LR?\ T$0?Z*MQ_P!UO]F8_A?^CK^['8'^E?\ X::_T!?[+A_LP7^C
C/^Z/]\?[[_WT_P",Q?W;_@_\>_T?_P"3>?[S_<;[]U[K_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>66
<FILENAME>g494294qaaqa.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294qaaqa.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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DIIL_]IZ#J%IJNF^5%H6C[H=-U"R@F:R+S12-=71N<MC38__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>67
<FILENAME>g494294snap3_new.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294snap3_new.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MAS4U[*5&<Z#I*FL//ZM&C&.)^T]HFL_";P1X-T7X':)IGPN\!Z??:SJ>I)X
MO;CX1Z'HOB:_O-&T/PG<7=SX(^%'C-+Z*[\0^)/,;0VT&U@U&6V\R\O?(M9(
M+CG=?%5,QP\*DY5(TL-[+">TJ3=*-6=;DG0]CRN-9RP]2O*FG6HPPJ5?$0C/
M$O#U<-WX?#4/JU>4*,93EB(XC%TXI0J5<+@\)B,?6K2K*<)T8TEEU&G4J0A5
MJUU*AA$XT9U:5?YP\->*/VCM3\<:=!-XAUN_U35;_3Y%T3P_\<?&AEN_ WAY
MI/[9TS3]%US]E&TTZ]\01R^(+O5)-1?5-)GN([2ULRXMK-$'I8%TGBJ-*I'F
MHJO*OB?<C/V="OB,+@*%6SG1E'#X!UL)+%0563KKZW75-2JQC1\S%U:M'!S:
MY9UHT?9856]FZF,I8:ICZ]-RA&?-4S"GE^(H895(NEA'.G&'ONI.O[_^T;X@
M^(&F?$+Q)H7A'6?C=$K?"V[\2V=GX=E:/PP-7L=>\+:=]IMKCP_I]QX@AL5T
MRZU"*X_L^*><7ETK11/@ >9AVYO'\]_9X3-.&H/VCJ14<+C\PS!9@G*BI35*
M5##TU1EROV='#XINUKRTQ;G0674J4DYU\JXBFE!4YUIXK X;+U@)<M9QIRJ0
MK8BI*M%N,9^WPUM7[O+_ +*_B[XC>(/C%+;ZEK7C35/#%K:?&>SO_P"U/$'Q
MGU_1+6ZT;Q=X/LO"-M='XC^$](L;6[@T^76X[8PSOJ$R"Z-[!"\6!Z.!2GDN
M+KU)06(E0P[I3J1IO]Y]?S&G4E%*I&3Y:5*A&I&C>GR13G4IUISB:XQ4Z=7V
M=/W9T\=@(J,95>98>ID,\17O'EY73EBYTJDI5N64*LZ<</&I0<*C\M^(O[6O
MQ8\'?'G4]%G^+OPKGTCPAX0\G3+C_A"O!?@+P7XHN/%.N7$5_=PZ3\9/V^/
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M"]2<ZM*E6E4@HJBN6\)?"./1?'GQ:\=ZUH_A#6]3\4?$#3_&G@&\N+9;C5=
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M? YCA*/))2;EB\OK8:G.HITU&FHUZSYTE6M2BJB4IR]E'SSPG^SAXZ\&>//
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,T+S7+*5:*HJG4__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>68
<FILENAME>g494294snap4.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294snap4.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$(  \ JP,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /<O&WQ$\30_$;QN]AJ/QB>71O$7Q<\0-:ZEX._:VT?PK)H,
M'A_QC9>&[/4+RQBT71[/PY9^(;SPR9+BVNM%M42V1H=50M'+/.0T_K6&P^&E
M)1J8Y87#*I64_P!S7Q^>470K5(UJE&K&<<-A\;2IT95*,ZE6C5P2I2Y:E)=>
M/JX:AC*ZJ4Y2@HX.,*>'<>=_4\+EL<P]E*G"M#EFYRG/$JEB:<:>-I8JHXQJ
MQJ1]A^%7BKQ]\+/AI^T)XDUCQ;HOBW7_  'X/U[Q3X>\0ZPWQ4;0@EMXS^*V
MD+'KFB>,OC9XGBGTFWE\$6\T$VF7VBRBPG6VFGE>(W<O5+V;RG)'[>&">/QN
M1X.MB:OLYTZ=#&X#A^K]<GS*DXUH4\XKU<0U6AA:U6$*JHT:48TX^70C.>/Q
ME2*GCJ='#9K6I8:AS1JNOA*F*<\'"4/:0E&-7#T\'2C+#3Q-%TJL9UJU6I49
MSWAKXQ?$OQ,='\ ^&?C]\/\ Q=IO@[XGZ-=:K^TAX=\$>+O$/PQU6WU71;34
M-(\ >*SX=^-5U%=ZSJ/CGQ3;6?V6W\7:786]EHT5O<VT$4MM:WT8:G.K4R^I
M[*>$^J4\3E]&&(C*<,XKT\#2PN'K4>:-&-2I'"K,,5B*\ZF)YLWHX-TU+%XF
MG"EI7E2I8?%*_MWCX4,RJQHU:D*N34GFV,Q>*YW%5FL-2>%P&"I867U>2RG&
MXR<G+"8'$U(^Y:9\2O$?BCP_\(KSQOKN@Z7XSNOBA\3_  K=P>$?$FL_# ^(
M]/\ !GBKQ5X.-]X?\(:WJ^OQ^(+.[L](L)[O2[S4KFZMEOWO-)O4O+6$288M
MT*4:.)H*HXXKA:.8U*/M?:2A4QF34\R<9<D:4Z=.G4A5>'Q>'4<5AZM*C[7G
MP<L:I;)37]H4)5(-8#/,+A*5:--0A+V>,IX>47*<ZD/:-UY4JM"IS4,1#VM#
MDABGAJE+\]?AK\8/C/=_%[PIXBU7QM\1)_AW<:E\)?$%EX#'B[XSMML_BUXK
MA\,Z=I7B7Q1X@\/7.GZ_HVBS6MQ=H5BT6'4_M!MSJ%W&CH/8RG!.GBY87%SC
MB*SKXW 1G*DH4XSIX26/5>5"KR.5:-*K#"4X.I3<%36(EA9U91G*LYPWL_KD
M,)4E1I82GF=6=KSJ5%D\)4ZD*=2GS*C3Q<Z;K5&E7G0G)Q6)HTTHK[6^/WQM
M^*?@KX_^$='\+SZYX8\/-:KX,1M3_9[_ &@/C5X>\577B'1-3\;ZOXGT.P^%
M.K:-I>K:GH,7@_2=(BLOM]_JT::[X@NOLEI86,DU]Y65S56KFD*W,Z=XR]E]
M7G[:C1RY07MJ->7-&%+,:V:^PJU:=&I1I2P.#]M5=2HJ$=L71IPP6%JPJ-3H
M0]O+EE3]G5K8O&T,#2PE9J+J4ZN%P]'%X^,:M2G2KJM2I4Z=:O.G4H;7P9\8
M?$KQCXD\.ZOXD^*OC36_#_CWQI^T;X4F\$W?ACP7X-TC0M(\!>)]:T;PO-HO
M]G^!-+\<:#J\&GV$(E35_$5Y<QRO)YRK/&#'K/#0C&G@)RE-XSAFCFCK^VC*
MO1Q53%Y11E["MA?98:=-0Q]91DJ,U+EISA)6?-GF,_JN,H5<+%4H8?,LIPWL
MY49J%6GB>&<1FE5UJ&+]K6A*6,I1G[*4H\D.:C.+5T>A?#?Q_JO@#Q9\1OA;
M\1-=OM=3PCI>J>/-&\6ZA=/J%U/X6MH[6^U:/5[C<WV2:WAU+3KA8I#&(Y+N
M\@@AM]/ATP7')5QU..1X[,Z].,*V1N=/%1I1Y85/W;K4^3_IY)7Y(O7V%3#T
MO:XO%X7,J\4L)4>:X/!X9N5+-XT/JT97_<RG*KAJ-)N3<YJ2PE6,ZMZTI5L/
M4Q>)J4IYGAL+3CN)_$WC_P"%G@[QKXO\/^)M4C\6ZEI/CG3/^%>S6^E^.?@E
MIVK:?"_A:]\.6T5K)=^*[^RLKO&N!I[EKE=0U*"/2[W396TVNW$82KEF9X?
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M"5X^SA[*H\76P]1.G@Z]2MX5A_::\$Z#8>%=.^%_P)UO3M$-U:6.KWG[07Q
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MXP=?"5*<4J=EB,5A\=.HY2]K&=\7A,/>#IQB\.JU%6J5(5Z/G_4J-#)\IRG
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8>6K4C]8>"P^'>)Y)SI_6'5]G)PY6?__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>69
<FILENAME>g494294vddd.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g494294vddd.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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A"Q?4+_0K"ZO9+.Q;4)S96C7,LIC@,TQC0JGF/MW$ __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>70
<FILENAME>g4942941.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g4942941.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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%)?J?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>71
<FILENAME>g4942942_1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g4942942_1.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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6!/9?CN_Q9E*,:DY3?R]$DE]]KG__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>72
<FILENAME>g4942942_2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g4942942_2.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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DGP?XGDRBX^BJ_P#WT*<-.:7R_)O\E^(32<8I][_<K?K^!__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>73
<FILENAME>g4942943.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g4942943.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M,QXZGO0!R?B1#KNKVFA7?B0OI%S";A;ZU:))+:>-@1\X&!N#<=#PW7/ !?\
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M^<L"?NJ.F.OTH R_#L^E:O!<Z[K.H7$+:9?31*\FK2I'B*0X=D#*G/<$$$4
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MC@<GWH FFMX9;NWEDA1Y(MQC9E!*$C!P>W% "6UK;PRSS101I+*^9'50&?'
MR>] $H@A$YG$2"8KL,FT;BOIGTH =)&DL;1R(KHPPRL,@CT(H J:586>FZ;%
M:V%I#:VR9VQ01A$7)). .!S0 K6=K)JHNI+:)[F*(+'*R N@).0#U .!^0H
MB2WA'B2:Y$*"<VB(9-HW%0[$#/7&2>/>@"<V-I&ETR6L*&X!\XK&!YG&/F]?
MQH ?96\%I906]M#'#!$@5(XU"JH X  X H 2XMH)KFUDEACD>!R\3,H)1MI&
L0>QP2..Q- &1IL,7_"8:U/Y:>=Y<*>9M&[;@G&?3)Z40T@_4)?%'T_4__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>74
<FILENAME>g4942943_1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g4942943_1.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MOK_E^"_,))J;7:WY7_6WR*EM<7+0V4SW;-&+:)L(TDC,S!>>,D_ZL_FW4YH
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'):_G;\3_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>75
<FILENAME>g4942944.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g4942944.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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)ES/=Z_?J?__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>76
<FILENAME>g4942944_1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g4942944_1.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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C-3F:\/'0-]T?@H4?A5M."4+[?F]7^+(E&,IR;77\M/T/_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
