Current Report 42/2015

Only the Polish version of this document is legally binding.

This translation is provided for information only.

Every effort has been made to ensure the accuracy of this publication.

The Management Board of INPRO S.A. (further the "Company"), with reference to current report No. 36/2015 of 30 July 2015, informs that on 3 September 2015 the Chairman of the Supervisory Board as the Company's representative signed with Mr Zbigniew Lewiński a memorandum of understanding under which, effective from 31 August 2015, the management contract with Mr Zbigniew Lewiński was terminated on 30/07/2015 r.

At the same time the Company's Management Board informs that on 4 September 2015 the Supervisory Board adopted resolution No. 29/2015 on fixing the remuneration in the period of performing the function of the Vice-President of the Management Board, on the basis of which resolution it was resolved that upon the termination of the management agreement referred to above the Vice-President of the Company's Management Board, Mr Zbigniew Lewiński, would receive the monthly remuneration fixed in that resolution for PLN 70,000.00 gross. No additional contract of employment or civil law agreement will be concluded with the Vice-President of the Management Board. The right to additional annual remuneration subject to the Company achieving profit for a given calendar year and to the approval of the financial statements by the General Assembly shall remain an element of the remuneration of the Vice-President of the Management Board. The amount of that remuneration element will be determined each time by way of a resolution of the Supervisory Board.
The resolution also contains the following provisions:
1) A ban on competitive interest during the term of the mandate and for 12 and for 12 months after its end. For the period in which the restriction continues to be in force after the end of the term of office, the Company undertook to pay the Vice-President of the Management Board the monthly compensation equal to 75% of the basic remuneration for the last full calendar month of the fulfilment of the function.
2) In the event of Mr Zbigniew Lewiński's dismissal by the Company from the function of the Vice-President of the Management Board or his resignation from the functions in the Company's Management Board, the Company is obliged to pay him a severance pay in the amount of PLN 1,200,000. The above-mentioned severance pay shall not be due if Zbigniew Lewiński's dismissal from the function of the Vice-President of the Management Board takes place because of gross negligence, as a result of which the Company suffered real damage significantly affecting its financial liquidity or in the event of the Vice-President of the Management Board committing an offence ascertained by a legally valid court judgement and preventing him, in compliance with the absolutely binding provisions of law, from further fulfilling the functions of the Member of the Management Board.

The above information is given by the Management Board on the basis of Article 56 par. 1 item 1 of the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments into the organised trading system, and on public companies (i.e. Dz. U. [Journal of Laws] 2013, item 1382).