CVC Credit Partners European Opportunities: AGM 2022 – Proposed Articles of Association – Clean

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1. INTERPRETATION …………………………………………. … ……………………………………….. … …………………………………….. 3

2. CAPITAL ………………………………………. ……………. …………………………… ……………. …………………………… ……….. ……. 12

3. RIGHT OF PRE-EMPTION ………………………………………. ……… …………………………………. ………… ……………………………. 13

4. COMMITMENTS ON C SHARES …………………………………….. …… …………………………………….. …… ………………….. 15

5. CHANGES TO RIGHTS ………………………………………….. ………………………………………….. ………………. 15

6. SHARES ……………………………………….. … ……………………………………….. … ……………………………………….. … ………. 16

7. REIMBURSEMENT …………………………………………. … ……………………………………….. … ……………………………………….. 16

8. MANDATORY REDEMPTION ……………………………………….. ……………. …………………………… ……………. …………… 17

9. CONVERSION OF SHARES ………………………………………. ………………………………………….. ………………….. 18

10. CONVERSION INTO C SHARE …………………………………….. ……………………………………………. ………………….. 19

11. MANAGEMENT ACTIONS ……………………………. …………………………………………….. ….. ………………… 20

12. PRIVILEGE ……………………………………….. ………………………………………….. ………………………………………….. ……….. 21

13. CALLS ON ACTIONS ………………………………………. ………………………………………….. …………………………….. 22

14. INTERESTS IN SHARES ………………………………………….. ……………………………………………. …. ………………….. 23

15. TRANSFER OF SHARES …………………………………….. …………………………………………. ………………….. 26

16. TRANSFER OF SHARES …………………………………………. … ……………………………………….. … …………… 29

17. RENUNCIATION OF SHARES ……………………………………….. …………………………………………….. ….. ………………. 29

18. GENERAL MEETINGS ………………………………………. ………………………………………….. ………………….. 31

19. PROCEDURE OF GENERAL MEETINGS ……………………………………….. ……….. …………………………………….. 31

20. VOTING BY MEMBERS ……………………………….. ………………………………………….. ………………………… 33

21. CORPORATIONS ACTING BY REPRESENTATIVES AT MEETINGS ……………………………. 35

22. APPOINTMENT OF DIRECTORS ……………………………………….. ………………………………………….. ……. 35

23. RESIGNATION, DISQUALIFICATION AND REMOVAL OF DIRECTORS ……………… 35

24. ALTERNATE DIRECTORS ……………………………………….. …………………………………………. ………………. 36

25. EXECUTIVE DIRECTORS ……………………………………….. ………………………………………….. ………………….. 37

26. POWERS OF THE DIRECTORS ……………………………………….. ………………………………………….. ………………….. 37

27. PROCEDURES FOR DIRECTORS ……………………………………….. ………………………………………….. ……. 38

28. CONFLICTS OF INTEREST OF DIRECTORS ……………………………………….. ……………………………………….. 39

29. GASKET ……………………………. … ……………………………………….. … ……………………………………….. … ……….. 40

30. SECRETARY …………………………………………. …….. …………………………………… …….. …………………………………… ….. 40

31. DIVIDENDS AND RESERVE ……………………………………….. ………… ……………………………………. ………… ……………. 40

32. CAPITALIZATION OF RESERVES ETC . ………………………………………….. …………………………………. 41

33. DIVIDEND IN SCRIPT ……………………………………….. …………………………………………………. …………………………………… 42

34. STATUTORY AUDITORS AND STATUTORY AUDITORS ……………………………. ………………………………………….. .. ………….. 43

35. UNIDENTIFIED SHAREHOLDERS ……………………………………….. ………… ……………………………………. ………… ……….. 44

36. BORROWING AUTHORITY …………………………………….. ……….. …………………………………….. ……….. ………………….. 44

37. NOTICE ……………………………………….. ……………. …………………………… ……………. …………………………… .. .. 45

38. CLASS CLOSURE RESOLUTION ………………………………………….. …………………………………………….. ….. ……… 46

39. CONTINUATION OF THE RESOLUTION ……………………………. ………………………………………. …………. ……. 46

40. WINDING UP …………………………………………. …….. …………………………………… …….. …………………………………… …….. 46

41. INDEMNITY ………………………………………….. … ……………………………………….. … …………………………………….. 47

42. DATE OF RECORDING ………………………………… ….. ……………………………………… ….. …………………………….. 47

“address” in relation to electronic communications, includes any number or address used for electronic communications purposes;

“Director” means the person appointed by the Company from time to time as a director;

“Annual Record Date” means the last possible business day prior to publication of the notice giving notice of each annual general meeting or such other date as the directors, in their sole discretion, may designate as such from time to time;

“Articles” means the Articles of Association of the Company, as amended from time to time;

“Statutory Auditors” means the Company’s current auditors appointed in accordance with Article 34 hereof;

“Collateral Cut-Off Date” means the date determined by the Directors and set out in the Specified Conversion Criteria;

“Business Day” means a day on which banks are open for normal banking business in such jurisdictions as may be determined by the Directors for any particular purpose;

“C Shares” means ordinary redeemable shares of no par value in the capital of the Company which will be issued as C Shares of such classes and denominated in such currencies as the Directors may determine, having the rights and privileges and being subject to the restrictions contained in these Articles and which will be convertible into Corresponding Shares as determined by the

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