BOARD MEMBER CONTRACT

This board member Contract (hereinafter: Contract) has been signed on , Tallinn, Estonia
(1) registration number , with an address of

and
(2) , with personal identification number , tax residence of (hereinafter: Board member),

in the following:

1. General provisions

1.1 The purpose of the Contract is to agree on the mutual rights, obligations and other conditions arising from the fulfilment of the duties of the Board member, including the

Board member's main areas of activity, remuneration and other benefits, obligations to keep confidential information and non-competition, the Parties' responsibility for

breach of the Contract and grounds for termination of the Contract and conditions.

1.2 The board member confirms that:

(a) in accordance with § 49 of the Penal Code, the court has not applied a ban on acting as a member of the board.

(b) he is not prohibited from operating in the same field of activity in which the Company operates.
(c) he is not prohibited from being a member of the board by law or court decision.

(d) it has no obligations to third parties that could conflict with its obligations under this Contract or otherwise prevent it from fulfilling its obligations under this Contract.

1.3 The Company confirms that the conclusion of the Contract and its terms have been approved by the decision of the shareholders' meeting [date].

2. Term of the contract

2.1 The contract enters into force from the moment of conclusion.

2.2 The Contract is concluded for the duration of the Board member's mandate as a member of the Board of the Company with an unspecified term.

2.2. The contract is valid until the end of the term of membership of the Board. The Contract ends upon the expiration of the term or premature termination of the powers of

the Board member, including the early recall of the Board member from the position of a member of the Board of the Company or on other grounds stipulated in the Contract.

The provisions of the Contract, which due to their nature are applicable after the termination of the powers of the Board member and other provisions of the Contract, do not

expire with the termination of the powers of the Board member.

3. Responsibilities of the board member

3.1 The board member participates in the collegial activities of the board of the Company in the representation and management of the Company in accordance with the

Commercial Code and the Articles of Company of the Company and under the conditions and procedure established by the decisions of the meeting of shareholders and the

board of the Company (hereinafter, separately, or jointly, "Managing Bodies").

3.2 According to the contract, the duties of the Board member are the fulfilment of the individual obligations of the Board member arising from the Commercial Code and

other laws.

3.3 The board member is obliged to perform his duties in the most economically expedient way for the Company, to base his activities primarily on laws, the legitimate

interests, and economic interests of the Company, to avoid damage to the Company and to contribute to maintaining the high reputation of the Company in the eyes of

customers, business partners and the public.

3.4 The board member is obliged to act loyally to the Company in his activities and with due diligence according to the circumstances and according to his abilities. The member

of the board is obliged to use all of his workforce and use all of his professional knowledge and experience.

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3.5 The board member undertakes to be guided in his activities by the applicable law of the Republic of Estonia, including the Commercial Code, From the Articles of Company

of the Company, this Contract, and the legal decisions of the Management Bodies of the Company.

3.6 In the event that a legal decision or other decision of the Management Body of the Company is not in accordance with the legitimate and economic interests of the

Company, the Board member is obliged to immediately inform the Management Body that adopted the decision upon learning of this. The Board member is also obliged to

inform the Management Body of the Company about the latter's unlawful decision if the Board member became aware of such a decision.

3.7 The member of the management board is obliged to inform the shareholders of the Company on his own initiative and without delay about all circumstances that he has

become aware of, which harm or may harm the interests of the Company.

3.8 A member of the board is accountable to the board and shareholders' meeting in accordance with the procedure prescribed in the Commercial Code.

3.9 The member of the board has the obligation to keep business secrets in accordance with § 186 of the Commercial Code.

3.10 The board member undertakes not to compete with the Company during the validity of the Contract and within [number of months] after the termination of the Contract,

including without the written permission of the Company:

(a) not to work for a competitor of the Company.

(b) not to provide services to the Company's competitor in any other way.

(c) not to acquire a stake in a competitor of the Company.

(d) not to violate the prohibition of competition stipulated in § 185 of the Commercial Code.

3.11 In the event of a violation of the non-competition and confidentiality obligations stipulated in clauses 3.9 and 3.10 by a member of the Board, the Company has the right

to demand a liquidated damages from the Board member up to the amount of the Board member's [3 months] month's fee and to demand compensation for the damage

caused by the breach of obligations more than the amount of the liquidated damages.

4. Board member's right of representation

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4.1. The board member has the right to make transactions on behalf of the Company in accordance with the Commercial Code and the Articles of Association of the Company.

5. Time and place of performance of the duties of the board member

5.1 The member of the board generally performs his duties during normal working hours with a duration of 40 (forty) hours a week and 8 (eight) hours a day. To fulfil his

contractual and statutory obligations, if necessary, the Board member performs his duties outside of normal working hours and beyond the specified working hours, for which

no separate compensation or fee is paid to the Board member.

5.2 Irrespective of the provisions of Clause 5.1 of the Contract, the Board member determines the time for the performance of his duties (working time) and rest time in

general independently, keeping in mind the need for timely and correct performance of his duties and considering the interests of the members of the Company's governing

bodies, shareholders, and employees. The rest days of the board member are Saturdays, Sundays, and public holidays, if the needs of the Company do not require the

immediate performance of official duties on those days.

5.3 The board member usually performs his duties at the location of the Company. If necessary, the Board member performs his duties away from the location of the Company,

including in foreign countries.

6. Fee and Benefits

6.1 The amount of the board member's fee (hereinafter "Fee") is in accordance with the decision of the Company, the amount is flexible, depending on the financial position of

the Company.

Taxes on the member of the board payment will include:

- social tax 33%,

- funded 2nd pension pillar 2%,

- personal income tax 20%.

6.2 The principles of compensation for the travel and representation expenses of the board member and possible special benefits shall be established by the shareholders'

meeting, in an amount not less than that prescribed by the current legislation.

6.3 The fee is transferred to the bank account of the Board member.

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7. Holiday

7.1 The annual leave of a member of the board is twenty-eight (28) calendar days.

7.2 The board member informs the shareholders of his wish to take a vacation at least [number of days] calendar day in advance, considering the possibilities arising from the

activities of the Company. The vacation time of the board member is determined by the shareholders of the Company, based on the possibilities of the Company and, if

possible, the wish of the board member. The specific time of the vacation is agreed between the Board Member and the shareholders. The vacation does not stop the payment

of the Fee to the Board Member.

7.3 Due to the extraordinary need to perform official duties, the Company may postpone the start of the leave of the Board member or interrupt the leave. Such a need is

considered exceptional, because of which the absence of a member of the Board from the performance of his duties may cause significant damage to the Company.

8. Recall of a Board Member

8.1 The shareholders' meeting of the Company has the right to recall a member of the board from the position of a board member at any time.

8.2 A member of the board has the right to demand his/her recall from the position of a member of the board by notifying the meeting of shareholders of the Company in

writing at least three (3) months in advance. The Company ensures that the meeting of shareholders of the Company adopts the decision to recall the member of the

Management Board within three (3) months from the moment of receiving the written notification.

9. Custody of property

9.1 The board member uses the assets of the Company made available to him sustainably. The board member is obliged to do his best to prevent the destruction, damage,

spoilage, and other possible damages to the property given to him for use.

9.2 Upon termination of the contract, the member of the Board shall return all assets of the Company in his possession, including personal computers, computer disks,

originals, and copies of documents.

9.3 The board member undertakes to compensate the direct material damages caused to the assets of the Company given to him due to his wrongful actions in the monetary

value of this damage.

10. Liability

10.1 The board member is responsible as a board member in accordance with the Commercial Code

to § 187.

11. Modification and Termination of the Contract

11.1 All changes to the Contract are valid only if they are made in writing and signed by both parties. If the written form is not followed, the change is null and void.

11.2 The contract ends:

(a) Upon the death of a member of the board or limitation of legal capacity.

(b) Upon termination of the Company.

(c) Upon early termination of the contract by Contract or recall of a member of the Board from the board.

(d) With the expiration of the term of office of a member of the Board if the member of the Board is not re-elected.

12. Final Provisions

12.1 Disputes arising from the contract will be resolved through negotiations. If the dispute cannot be resolved through negotiations, the Parties have the right to turn to the

county court for settlement of the dispute in accordance with the legislation in force in the Republic of Estonia.

12.2 The Company provides the Board member with the necessary work tools to fulfil this Contract and creates other working conditions reasonably necessary for the Board

member and suitable for the position of the Board member.

12.3 In accordance with § 7 p. 10 of the Employment Contracts Act, the Employment Contracts Act and other acts of labour law do not apply to the Contract, and the

relationship created based on this Contract is not an employment relationship.

12.4 The Contract replaces and terminates all previous Contracts and Contracts regarding matters regulated in the Contract.

12.5 In all matters not regulated by the Contract, the parties are guided by laws, good manners, established customs and practice.

12.6 The Contract remains in full force with respect to the legal successors of the Company.

12.7 The terms of the contract are confidential and cannot be disclosed to third parties.

The contract is drawn up and signed in two (2) English-language copies, of which one (1) copy remains for each party.

Signatures of the parties:

Company: Board member:

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