Common use of Power of Representation Clause in Contracts

Power of Representation. 1. The Managing Director shall represent the company jointly with ▇▇. ▇▇▇▇ Meiler in and out of court as defined by his appointment and the actual company statutes. 2. The Managing Director is released from the restrictions of section 181 German Civil Code ("prohibition of self contracting") for all transactions between the Company on the one hand and majority-owned enterprises of the Company on the other hand, namely at present SATELCO AG, Switzerland, SPEECH DESIGN U.K. Ltd., United Kingdom, SPEECH DESIGN ISRAEL, Ltd., Israel. Such release from the restrictions of section 181 German Civil Code applies also to the legal transactions undertaken in the past by the Managing Director acting as representative of the Company on the one hand and as representative of the above listed enterprises on the other hand. This consent does not include any other consent or approval, that might be necessary in relation with such transactions for whatever other legal reason. 3. The Managing Director shall be bound to the resolutions and instructions of the Shareholders' Meeting. The Shareholders' Meeting may in particular establish general policies with regard to the way the business is to be conducted.

Power of Representation. 1. The Managing Director shall represent the company jointly with ▇▇. ▇▇▇▇ Meiler ▇▇▇▇▇▇ in and out of court as defined by his appointment and the actual company statutes. 2. The Managing Director is released from the restrictions of section 181 German Civil Code ("„prohibition of self contracting"“) for all transactions between the Company on the one hand and majority-owned enterprises of the Company on the other hand, namely at present SATELCO AG, Switzerland, SPEECH DESIGN U.K. Ltd., United Kingdom, SPEECH DESIGN ISRAEL, Ltd., IsraelIsrael and SPEECH DESIGN CARRIER SYSTEMS GmbH, Germany. Such release from the restrictions of section 181 German Civil Code applies also to the legal transactions undertaken in the past by the Managing Director acting as representative of the Company on the one hand and as representative of the above listed abovelisted enterprises on the other hand. This consent does not include any other consent or approval, approval that might be necessary in relation with such transactions for whatever other legal reason. 3. The Managing Director shall be bound to the resolutions and instructions of the Shareholders' ’ Meeting. The Shareholders' ’ Meeting may in particular establish general policies with regard to the way the business is to be conducted.

Power of Representation. 1. The Managing Director shall represent the company jointly with ▇▇. ▇▇▇▇▇▇▇ Meiler ▇▇▇▇▇▇▇▇▇▇▇ in and out of court as defined by his appointment and the actual company statutes. 2. The Managing Director is released from the restrictions of section 181 German Civil Code ("„prohibition of self contracting"“) for all transactions between the Company on the one hand and majority-owned enterprises of the Company on the other hand, namely at present SATELCO AG, Switzerland, SPEECH DESIGN U.K. Ltd., United Kingdom, SPEECH DESIGN ISRAEL, Ltd., IsraelIsrael and SPEECH DESIGN CARRIER SYSTEMS GmbH, Germany. Such release from the restrictions of section 181 German Civil Code applies also to the legal transactions undertaken in the past by the Managing Director acting as representative of the Company on the one hand and as representative of the above listed abovelisted enterprises on the other hand. This consent does not include any other consent or approval, approval that might be necessary in relation with such transactions for whatever other legal reason. 3. The Managing Director shall be bound to the resolutions and instructions of the Shareholders' ’ Meeting. The Shareholders' ’ Meeting may in particular establish general policies with regard to the way the business is to be conducted.

Power of Representation. 1. The Managing Director shall represent the company jointly with ▇▇. ▇▇▇▇▇▇▇ Meiler ▇▇▇▇▇▇▇▇▇▇▇ in and out of court as defined by his appointment and the actual company statutes. 2. The Managing Director is released from the restrictions of section 181 German Civil Code ("prohibition of self contracting") for all transactions between the Company on the one hand and majority-owned enterprises of the Company on the other hand, namely at present SATELCO AG, Switzerland, SPEECH DESIGN U.K. Ltd., United Kingdom, SPEECH DESIGN ISRAEL, Ltd., Israel. Such release from the restrictions of section 181 German Civil Code applies also to the legal transactions undertaken in the past by the Managing Director acting as representative of the Company on the one hand and as representative of the above listed enterprises on the other hand. This consent does not include any other consent or approval, that might be necessary in relation with such transactions for whatever other legal reason. 3. The Managing Director shall be bound to the resolutions and instructions of the Shareholders' Meeting. The Shareholders' Meeting may in particular establish general policies with regard to the way the business is to be conducted.