CALL OPTION AGREEMENT BETWEEN DELIMOBIL HOLDING S.A. AND D-MOBILITY WORLDWIDE A.S. Dated September 8, 2021

“Carsharing Club“, a limited liability company incorporated under the laws of Republic of Belarus with its registered address at 220112 Minsk, Yanki Luchiny 5-509 (the “Company”) has a capital of BYN 1,000.00.

As of the date of this Agreement, GRANTOR is a holder of a share of BYN 999.00 representing 99.90% of the total share capital of the Company (the “Share”).

This Agreement sets out the terms on which the GRANTEE may require GRANTOR to sell the Share owned by it.

(a)   Section of this Agreement, pursuant to which such notice is being delivered by GRANTEE to GRANTOR;

(b)   the Share to be purchased by GRANTEE and sold by GRANTOR; and

(c)   the Settlement Date.

In this Agreement, unless the context otherwise requires, words denoting the singular include the plural and vice versa.

In this Agreement, a reference to a specified Article, Section, Schedule or Exhibit shall be construed as a reference to that specified Article or Section of, or Schedule or Exhibit to, this Agreement.

In this Agreement, a reference (i) to an amendment or to an agreement being amended includes a supplement, variation (including by waiver or consent), assignment, novation, restatement or re-enactment, and (ii) to an agreement shall be construed as a reference to such agreement as it may be amended from time to time.

In this Agreement, the headings and the Table of Contents are inserted for convenience of reference only and shall not affect the interpretation of this Agreement.

In this Agreement, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person, whether through the ownership of voting shares, by contract or otherwise.

In this Agreement, any reference to “law” means any law (including, any common or customary law) and any treaty, constitution, statute, legislation, decree, normative act, rule, regulation, judgement, order, writ, injunction, determination, award or other legislative or administrative measure or judicial or arbitral decision in any jurisdiction which has the force of law or the compliance with which is in accordance with general practice in such jurisdiction.

In this Agreement, any reference to a provision of law, is a reference to that provision as from time to time amended or re-enacted.

In this Agreement, a reference to a “person” includes any person, natural or juridical entity, firm, company, corporation, government, state or agency of a state or any association, trust or partnership (whether or not having separate legal personality) or two or more of the foregoing and references to a “person” include its successors in title, permitted transferees and permitted assigns.

In this Agreement, “including” and “include” shall be deemed to be followed by “without limitation” where not so followed.

The parties hereto stipulate that the Strike Price for the Share shall be determined in EUR as follows: the Fair Market Value of the Share.

The Strike Price shall be determined by the parties hereto within the time frames and utilising the method as described in Section 2.03. If any changes are to be made to the method utilised, the party suggesting such change should justify the change to the satisfaction of the other party and obtain the other parties’ consent.

If a Call Notice has been served, within ten (10) days of such service, GRANTEE shall appoint, at GRANTEE’s sole discretion and expense, an Expert Valuer that should provide its calculation of the Fair Market Value (the “First Calculation”) to GRANTEE and GRANTOR within twenty (20) days after being appointed by GRANTEE (the date of delivery of the First Calculation to GRANTOR being the “First Calculation Date”).

If GRANTOR disagrees with the First Calculation, it must, within ten (10) days following the First Calculation Date, send a notice of disagreement with the First Calculation (the “First Calculation Disagreement Notice“) to the GRANTEE and appoint, at its sole discretion and its own expense, an Expert Valuer (other than the Expert Valuer that has provided the First Calculation) that should provide its calculation of the Fair Market Value (the “Second Calculation” and together with the First Calculation, the “Calculations“) to GRANTEE and GRANTOR within twenty (20) days after being appointed (the date of delivery of the Second Calculation to the GRANTEE being the “Second Calculation Date”).

If GRANTOR fails to send the First Calculation Disagreement Notice within ten (10) days following the First Calculation Date, the First Calculation shall be deemed final, and the Fair Market Value shall be deemed determined in accordance with the First Calculation.

If GRANTEE disagrees with the Second Calculation, it must, within ten (10) days following the Second Calculation Date, send a notice of disagreement with the Second Calculation (the “Second Calculation Disagreement Notice”) to GRANTOR.

If GRANTEE fails to send the Second Calculation Disagreement Notice to GRANTOR within ten (10) days following the Second Calculation Date, such Second Calculation shall be deemed final, and the Fair Market Value shall be deemed determined in accordance with the Second Calculation.

If GRANTEE sends the Second Calculation Disagreement Notice and:

the Calculations differ by less than 10% of the lowest of the Calculations, then the Fair Market Value shall be equal to the average of the two Calculations; or

the Calculations differ by 10% or more of the lowest of the Calculations, GRANTEE and GRANTOR shall agree on and jointly engage a Final Expert as set out in subsection (g) below.

To the extent provided for in subsection (g) above, GRANTEE and GRANTOR undertake to agree on and jointly, at their joint expense, engage an Expert Valuer (other than the Expert Valuers that have provided the Calculations) (the “Final Expert“) within five (5) days after the date of the Second Calculation Disagreement Notice, and will cause such Final Expert to provide its calculation of the Fair Market Value (the “Final Calculation”) within twenty (20) days after being appointed (the date of delivery of the Final Calculation being the “Final Calculation Date”).

If GRANTEE and GRANTOR fail to agree on the Final Expert as per subsection (g) above, GRANTEE may appoint the Final Expert at its sole discretion and at the expense of both GRANTEE and GRANTOR borne equally within five (5) days after the date of the Second Calculation Disagreement Notice.

The Fair Market Value shall be determined as follows:

if the Final Calculation is equal to or above the higher of the First Calculation and the Second Calculation (the “Higher Amount”), the Fair Market Value shall be deemed determined as being equal to the Higher Amount; or

if the Final Calculation is equal to or below the lower of the First Calculation and the Second Calculation (the “Lower Amount”), the Fair Market Value shall be deemed determined as being equal to the Lower Amount; or

if the Final Calculation is between the First Calculation and the Second Calculation, the Fair Market Value shall be deemed determined as being equal to the Final Calculation.

With effect from determination of the Final Calculation, the Fair Market Value shall be deemed finally determined.

The “Fair Market Value” of the Share shall be determined by an Expert Valuer on the following assumptions and bases:

valuing the Share as on an arm’s length sale between a willing seller and a willing buyer;

if the Company is then carrying on business as a going concern, on the assumption that it will continue to do so;

that the Share is capable of being transferred without restriction;

valuing the Share as a rateable proportion of the total value of the total issued share capital without any premium or discount being attributable to the percentage of the issued share capital of the Company which it represents but taking account of the rights attaching to the Share;

the Fair Market Value shall be determined as of the end of the last Financial Quarter preceding the date of service of the Call Notice; and

reflecting any other factors which the Expert Valuers reasonably believe should be taken into account.

If any difficulty arises in applying any of these assumptions or bases then the Expert Valuer shall resolve that difficulty in whatever manner they shall in their absolute discretion think fit.

The Expert Valuer shall act as experts and not as arbitrators and their determination shall be final and binding on the parties (in the absence of fraud or manifest error).

GRANTOR shall procure that the Expert Valuer has access to all accounting records or other relevant documents of the Company subject to them agreeing to such confidentiality provisions as GRANTOR may reasonably impose.

The calculations of the Fair Market Value shall be in each case set out in a certificate or another written document of an Expert Valuer, which shall be delivered to GRANTEE and GRANTOR.

The parties hereto stipulate that the price for the Call Option payable by GRANTEE to GRANTOR (the “Call Option Price”) shall be determined in EUR as follows: EUR 1,00.

The parties consider the Call Option Price to have been paid at signing of this Agreement.

Incorporation. Each Party is a company, duly organised, validly existing, and, if applicable, in good standing under the laws of its jurisdiction of incorporation and registered, to the extent required in accordance with applicable law, with all relevant registration bodies in any jurisdiction in which it carries on business or owns assets.

Corporate Power. Each Party has the corporate power to enter into, and perform its obligations under, this Agreement.

Due Authorisation; Enforceability; No Conflict. This Agreement has been duly executed by each Party and this Agreement constitutes, when executed and delivered, will constitute, valid and legally binding obligations of each Party, enforceable in accordance with their respective terms. The making of the Agreement and the compliance with the terms thereof will not result in violation of the Parties’ constitutional documents or any provision contained in any law applicable to each Party.

Compliance with law. Neither Party is in violation of any law applicable to it and presently in effect. Each Party is in compliance with all applicable laws addressing money laundering or the financing of terrorism.

Restrictions on payments. Neither Party is subject to any regulation or law (including sanctions) which would have the effect of prohibiting, or restricting or delaying in any material respect any payment that it is required to make or receive pursuant to the terms of this Agreement.

No breach of law. Neither Party has violated or breached any law to which it may be subject, which has resulted in or could reasonably be expected to have a Material Adverse Effect.

GRANTOR is the sole legal and beneficial owner of, and has good and valid title directly to, the Share, free and clear of all encumbrances, and no person has claimed an entitlement to any such encumbrance;

The Share comprise 99.9% of the issued and allotted share capital of the Company as of the date of this Agreement, have been validly issued and allotted and each is fully paid or credited as fully paid;

Other than the current shareholders of the Company in accordance with the articles of association of the Company and the law of the Republic of Belarus, no person has the right (whether exercisable now or in the future and whether or not contingent) to call for the allotment, conversion, redemption, repayment, issue, registration, sale or transfer of any share or loan capital or other securities giving rise to a right over or interest in, the share capital of the Company, under any option, agreement or other arrangement (including rights of pre-emption).

GRANTOR agrees, undertakes to and covenants to GRANTEE to procure that every new share of the Company as may be issued or transferred to the GRANTOR from time to time (the “New Shares”), shall become subject to the terms of this Agreement and the provisions of this Agreement applicable to the Share shall apply mutatis mutandis to the New Shares.

Notwithstanding anything to the contrary in this Agreement, GRANTOR shall not be permitted to transfer the Share or any part thereof in the capital of the Company to, and GRANTOR undertakes to procure that the Company shall under no circumstances register as its shareholder, any person, who is not GRANTEE, unless GRANTOR obtain a prior written consent from the GRANTEE.

GRANTOR agrees, undertakes to and covenants to GRANTEE until the end of the Call Period to carry on the business of the Company diligently, only in the usual and ordinary course and substantially in the same manner as heretofore conducted and will keep and maintain its assets in good and safe repair and condition consistent with past practices.

indemnify GRANTOR for any losses resulting from a payment being received under this Agreement in such currency or in a place other than the place specified by GRANTOR; and

pay such additional amount as is necessary to enable GRANTOR to receive, after conversion to the Payment Currency at a market rate and transfer to such place, the full amount due to GRANTOR hereunder in the Payment Currency and at the place specified by GRANTOR.

The Taxes (if any) imposed upon GRANTOR in relation to the sale of the Share pursuant to this Agreement shall be payable by GRANTOR. The Taxes (if any) imposed upon GRANTEE in relation to the acquisition of the Share pursuant to this Agreement shall be payable by GRANTEE.

All sums payable by GRANTEE under this Agreement shall be paid free and clear of any deductions, withholdings, set-offs or counterclaims (together, the “Withholdings”), save only as may be required by law. If any Withholdings are required by law, GRANTEE shall be obliged to pay such sum to GRANTOR as will, after such Withholding has been made, leave GRANTOR with the same amount as GRANTOR would have been entitled to receive in the absence of a requirement to make a Withholding.

If required by applicable law, GRANTOR shall register this Agreement with the tax and other authorities in the Republic of Belarus and shall promptly deliver evidence of any such registration to GRANTEE.

If any Authorisations of any kind shall be required under applicable law for the performance of GRANTOR’s obligations hereunder, GRANTOR shall diligently and promptly take all actions necessary to obtain such Authorisations.

The rights and remedies of the GRANTEE in relation to any misrepresentations or breach of warranty on the part of GRANTOR shall not be prejudiced by any investigation by or on behalf of any of them into the affairs of GRANTOR or the Company, by the execution or the performance of this Agreement or by any other act or thing which may be done by or on behalf of any of them in connection with this Agreement and which might, apart from this Section, prejudice such rights or remedies.

No course of dealing and no delay in exercising, or omission to exercise, any right, power or remedy accruing to GRANTEE upon any default under this Agreement or any other agreement shall impair any such right, power or remedy or be construed to be a waiver thereof or an acquiescence therein. No single or partial exercise of any such right, power or remedy shall preclude any other or further exercise thereof or the exercise of any other right, power or remedy. No action of GRANTEE in respect of any such default, or acquiescence by it therein, shall affect or impair any right, power or remedy of such GRANTEE in respect of any other default.

The rights and remedies provided in this Agreement and the other Financing Agreements are cumulative and not exclusive of any other rights or remedies, whether provided by applicable law or otherwise.

Any discalle, controversy or claim arising out of or relating to (1) this Agreement, (2) the breach, termination or invalidity hereof or (3) any non-contractual obligations arising out of or in connection with this Agreement shall be settled by arbitration in accordance with the UNCITRAL Rules. There shall be one (1) arbitrator and the appointing authority shall be LCIA (London Court of International Arbitration). The seat and place of arbitration shall be London, England and the English language shall be used throughout the arbitral proceedings. The parties hereby waive any rights under the Arbitration ▇▇▇ ▇▇▇▇ or otherwise to appeal any arbitration award to, or to seek determination of a preliminary point of law by, the courts of England.

This Agreement shall bind and inure to the benefit of the respective successors and assigns of the parties hereto, except that:

GRANTOR may not assign or otherwise transfer all or any part of its rights or obligations hereunder without the prior written consent of each GRANTEE; and

GRANTEE may not assign or otherwise transfer all or any part of its rights or obligations hereunder without the prior written consent of GRANTOR.

None of the terms of this Agreement are intended to be enforceable by any third party.

notify you of our exercise of the Call Option in respect of the Option Interest and require you to sell the Option Interest on the terms of the Agreement on [insert the Settlement Date] (the “Settlement Date”); and

confirm to pay the Strike Price on the Settlement Date to the bank account to be notified by GRANTOR.