Invitation to Vote in Investors Council

TO
THE SHAREHOLDERS
OF „WEBIT INVESTMENT NETWORK“ EAD,

INVITATION
FOR VOTE IN THE COUNCIL OF INVESTORS

DEAR SHAREHOLDERS,

With this invitation, in connection with the Proposal of the executive director of 'Webit Investment Network' EAD, EIC 206870298, with registered office and address of management in Bulgaria, city of Varna, p.k. 9000, 'Vladislav Varnenchik' Blvd. No. 53-55, fl. 3 ('The Company'), we inform you that from 9:30 a.m. on 24.06. 2022, until 9:30 a.m. on 25.06. 2022, a vote of the Board of Investors of the Company will be held, under the following conditions:

1. Voting Matters and Voting Opportunities.

Selection of the companies participating in the Founders Games project in which the Company will invest its assets. Information about the companies participating in the Founders Games project included in the vote can be found here: https://www.webit.capital/en/registracia.php

Voting Possibilities: Voting is done through a negative vote, in which the members of the Council of Investors can vote against making an investment in one or more companies participating in the Founders Games project.

Examples explaining the voting rules are available at: https://www.webit.capital/en/registracia.php.

In order for a company to be excluded from the circle of eligible investments of the Company, it should collect more than 33% of the negative vote on the voting rights participating in the voting.

2. Start date and voting period:

Each member of the Council of Investors can exercise his right to vote within 24 hours, starting at 9:30 a.m. on 06/24/2022.

The Council of Investors can make a valid decision if the members of the Council of Investors holding more than 33% of the total number of voting rights granted on the ordinary shares of the Company in circulation take part in the voting. In the event that by 9:30 a.m. on 06/25/2022, the necessary quorum is not reached in order to make a valid decision of the Council of Investors, the voting period is extended until 9:30 a.m. on 06/26/2022.

3. Method of voting and formalities to be fulfilled upon participation in voting.

The Investor Council will be held by electronic voting. In order to exercise his right to vote, each shareholder - member of the Council of Investors should register by filling out a registration form at the address https://www.webit.capital/en/registracia.php.

After checking the data and documents provided by the respective shareholder, the Company registers the same and sends him a voting link to the e-mail address specified in the registration form. The voting link will be active from 9:30 a.m. on 24/06/2022 to 9:30 a.m. on 25/06/2022. After exercising his right to vote, each shareholder will receive a registration number of his vote, to the e-mail address specified in the registration form.

Shareholders should bear in mind that when filling out the registration form, they should identify themselves by providing a copy of an identity document for the shareholders - non-legal entities, respectively for the legal representatives of the shareholders - legal persons, as well as an up-to-date extract from the account of the legal person in TRRYULNC - for shareholders - legal entities. Voting by proxy is admissible only after presenting a notarized power of attorney for the corresponding vote in original and an up-to-date identity document of the proxy.

In the event that a member of the Council of Investors is unable to participate in electronic voting or there are technical obstacles to do the electronic voting, the right to vote may also be exercised by voting by mail or by courier by means of a completed a voting form in the Company's model, sent to its address of management. Each member of the Council of Investors is obliged to attach to the duly completed voting form identification data to be used by the Company to certify the right of each person to participate and vote. For members of the Council of Investors who are natural persons, a copy of an up-to-date identity document, certified by the relevant person with the words 'True with the original' and a signature, shall be submitted. For members of the Council of Investors who are legal entities, a copy of a certificate of current status and a copy of an up-to-date identity document of the legal representative(s) of the person, certified with the words 'True with the original' and a signature, are submitted. Voting by mail by proxy is admissible only after presentation of a notarized power of attorney for the corresponding vote in original and a copy of a current identity document of the proxy certified with the words 'True with the original' and a signature. Voting by postal or courier voting is valid if a duly completed voting form is received at the Company's registered office by the end of the voting period. The Company certifies the receipt of each voting form by assigning it an individual incoming number and noting the date and time of its receipt at the Company's management address.

4. ДThe date on which the circle of holders of ordinary shares in the Company with the right to participate in the vote is determined;

The right to take part in the voting is exercised by the holders of ordinary shares of the Company, entered as such in the central register of securities maintained by 'Central Depository' AD, 7 (seven) days before the start of the voting - 17.06.2022. In in the event that the ordinary shares issued as a result of the increase of the Company's capital, according to the decision of the sole owner of the capital dated 05.05.2022, are not entered in the central register of securities maintained by 'Central Depository' AD, as of 06.17. 2022, the circle of all holders of ordinary shares of the Company, who have the right to participate in the vote, is determined on the date on which the shares issued in the capital increase, according to the decision of the sole owner of the capital dated 05.05.2022. , be entered in the central securities register. The Company will publish an announcement on the date on which the shares issued during the capital increase, according to the decision of the sole owner of the capital dated 05.05.2022, are entered in the 'Central Depository' AD, on the Company's website https://webit.capital/ and at http://www.x3news.com/

Each member of the Council of Investors has the right to vote, which is equal to the ordinary shares of the Company held by him, multiplied by the number of questions put to vote by the Council of Investors.

5. Дата, на която се определя резултата от гласуването;

Резултатите от гласуването ще бъдат обявени на интернет страницата на Дружеството https://webit.capital/ и на адрес http://www.x3news.com/, в срок до 10 (десет) работни дни от изтичане на периода за гласуване, т.е до 8.07.2022 г. При необходимост този срок може да бъде удължен.

6. Quorum and Majority Requirements

The Council of Investors can make a valid decision if the members of the Council of Investors holding more than 33% of the total number of voting rights granted on the ordinary shares of the Company in circulation take part in the voting. In the event that by 9:30 a.m. on 06/25/2022, the necessary quorum is not reached in order to make a valid decision of the Council of Investors, the voting period is extended until 9:30 a.m. on 06/26/2022. In the event that the necessary quorum is not reached within the extended voting period, the decision of the Council of Investors is not binding on the Board of Directors, but the latter, at its own discretion, may take into account the results of the voting when making a decision on the issues - subject to the voting.

In order for a company to be excluded from the circle of eligible investments of the Company, it should collect more than 33% of the negative vote on the voting rights participating in the voting.

7. The place where the materials on the questions put to the vote and additional information on the way of exercising the right to vote can be obtained;

Materials related to the question put to the vote, according to item 1, will be published on the Company's website https://webit.capital/.

Sofia, 06/09/2022,

Petar Dimitrov Neychev –

Chairman of the Council of Investors,

Webit Investment Network EAD

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