General meeting

On this, 02.10.2015, in the city of Plovdiv, a session was held of the General meeting of .................................................., on which were present all Partners in the company or 100% (one hundred percent) of the capital of the company.

                The session had the following agenda items:

                               1. Distribution of profits and covering of losses of ................................ for preceding years.

                Under item 1, taking into consideration the following information:

                the General meeting unanimously made the following RESOLUTION: The accrued profit is to be used for:

                               • covering the accrued loss in the amount of ______.__ BGN;

                               • the amount of ______.__ BGN is to be allotted to the „General Reserves” fund;

                               • the amount of ______.__ BGN is to be distributed as dividend to the Partners, in proportion to the shares held by them, which is to be paid by ............................ 2014;

                               • the amount of ______.__ BGN is to be used for increasing the size of the capital, where each of the Partners shall receive such share of the increase, which is in proportion to the share held by this Partner prior to the increase.

                Option 1, in case the accrued loss is larger than the profit:

               the General meeting unanimously made the following RESOLUTION: The accrued loss is to be covered by means of:

                               • the amount of ______.__ BGN from the undistributed profit, whereby no more funds in the form of undistributed profit shall remain;

                               • the amount of ______.__ BGN from the „General Reserves” fund, whereby the cash in the fund shall be used up;

                               • the amount of ______.__ BGN from the capital of the company, by its reduction, whereby the size of the capital shall not drop below the minimum capital size for a limited liability company as determined by the law.

               Option 2, in case the accrued loss is larger than the profit:

                The General meeting, taking into consideration the fact that the Company has no undistributed profit, reserves and capital which can be used to cover the loss,

               unanimously made the following RESOLUTION: A simultaneous increase and reduction of the capital of the company is to be made with the size of the loss. The increase of capital shall be made with monetary contributions by the Partners, in proportion to the shares held by them, whereas the reduction of the capital shall be made at the expense of the covering of the loss and shall be in proportion to the shares held by the Partners.