BoD decision from 2016-01-20

Hello,

The following decision was taken on January 20, 2016 in private as the
board saw a need for confidentiality.

It is now made public in accordance with our statutes.

Proposal: Switch to revocable but non-time limited TM licenses

The Board of Directors at the time of voting consists of 7 seat holders
without deputies. In order to be quorate, the vote needs to have 1/2 of
the Board of Directors members, which gives 4.

A total of 6 Board of Directors members have participated in the
vote. The vote is quorate.

A quorum could be reached with a simple majority of 4 votes.

Result of vote: 6 approvals, 0 neutral, 0 disapprovals.
Decision: The decision has been accepted.

This message is to be archived by the BoD members and their deputies.
Sophie