Legal

Minutes of the Ordinary General Meeting — 11 bit studios S.A. (June 2011)

30 June 201114 pages3,771 words

Summary

This notarial deed records the proceedings and resolutions of the Ordinary General Meeting of 11 bit studios S.A., held on June 30, 2011, in Warsaw. The primary purpose of the meeting was to conduct standard annual corporate governance tasks, including the review of the company’s initial operational period from its inception on December 7, 2009, through the end of the 2010 fiscal year. The meeting was attended by five shareholders representing 1,240,578 shares, which accounted for 66.31% of the company’s total share capital. Key financial findings disclosed during the session indicate that the company closed the 2010 fiscal year with a net loss of 231,199.53 PLN. The total balance sheet value as of December 31, 2010, was reported at 1,352,359.17 PLN. Shareholders formally approved the Management Board's report and the financial statements, subsequently passing a resolution to cover the accumulated loss using future profits. The assembly also focused on administrative and leadership oversight. Shareholders unanimously granted discharge (absolutorium) to all members of the Management Board—Grzegorz Miechowski, Bartosz Brzostek, Michał Drozdowski, and Przemysław Marszał—and the Supervisory Board for the performance of their duties during the 2010 period. Voting for these discharges was conducted via secret ballot, with relevant board members abstaining from votes concerning their own conduct as required by the Commercial Companies Code. The document concludes with the formal closing of the meeting after all agenda items, including the election of the Scrutiny Committee and the Chairman, were resolved without opposition.

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Minutes of the Ordinary General Meeting — 11 bit studios S.A. (June 2011)

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