Common use of Endowment Life Insurance Clause in Contracts

Endowment Life Insurance. 4.1. The Company undertakes to take out endowment life insurance in favor of the SB Member under the conditions approved by the General Meeting, with a policy period of 4 years. The endowment life insurance amounts to CZK 2,550,000 (that is: two million five hundred and fifty thousand Czech korunas) for a member of the Supervisory Board, CZK 3,050,000 (that is: three million fifty thousand Czech korunas) for the vice-chairman of the Supervisory Board, and CZK 4,050,000 (that is: four million fifty thousand Czech korunas) for the chairman of the Supervisory Board. Upon termination of service or the Company’s withdrawal from the endowment life insurance contract as the policyholder, the policy shall be transferred to the member of the Supervisory Board free of charge.

Endowment Life Insurance. 4.1. The Company undertakes to take out endowment life insurance in favor for the benefit of the SB Member under the conditions approved by the General Meeting, with a policy period of 4 years. The endowment life insurance amounts to CZK 2,550,000 (that is: two million five hundred and fifty thousand Czech korunas) for a member of the Supervisory Board, CZK 3,050,000 (that is: three million fifty thousand Czech korunas) for the vice-chairman of the Supervisory Board, and CZK 4,050,000 (that is: four million fifty thousand Czech korunas) for the chairman of the Supervisory Board. Upon termination of service or the Company’s withdrawal from the endowment life insurance contract as the policyholder, the policy shall be transferred to the member of the Supervisory Board free of charge.

Endowment Life Insurance. 4.1. The Company undertakes to shall take out out, at its expense, endowment life insurance in favor for the benefit of the SB Member under the conditions approved by the General Meeting, member with a policy period of 4 years. The endowment life insurance amounts , amounting to CZK 2,550,000 (that is: two million five hundred and fifty thousand Czech korunas) for a member of the Supervisory Board, CZK 3,050,000 (that is: three million fifty thousand Czech korunas) for the vice-vice- chairman of the Supervisory Board, and CZK 4,050,000 (that is: four million fifty thousand Czech korunas) for the chairman of the Supervisory Board. Upon termination of service or the Company’s withdrawal from the endowment life insurance contract as the policyholder, the policy shall be transferred to the member of the Supervisory Board free of charge.