THIS SHAREHOLDERS AGREEMENT is entered into on 27 December 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE ("Party 1")

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE ("Party 2")

(3)            PARTY_3_NAME whose principal place of business is at PARTY_3_ADDRESS_SINGLE_LINE ("Party 3")

Whereas

(A) The Parties have agreed to form in COUNTRY a new jointly-owned company (the Company) which will acquire certain rights and assets, and otherwise be established and carry on business, in the manner set out in this Agreement.

(B) The Parties have agreed that their relations as shareholders in the Company shall be governed by the terms of this Agreement.

It is agreed as follows:

1. Interpretation

Definitions

1.1 In this Agreement:

Party 1 Director means a director of the Company appointed by Party 1 pursuant to clause 4.1;

Party 1 Shares means Party 1 ordinary shares of CURRENCY PAR each in the capital of the Company;

Party 2 Director means a director of the Company appointed by Party 2 pursuant to clause 4.1;

Party 2 Shares means Party 2 ordinary shares of CURRENCY PAR each in the capital of the Company;

Party 3 Director means a director of the Company appointed by Party 3 pursuant to clause 4.1;