|CIMPRESS N.V. filed this Form 8-K on 11/19/2018|
are obliged to transfer the preferred shares to one or more persons designated by the Board of Directors in accordance with the provisions of this article.
If the Board of Directors remains in default as to designating one or more persons, who are willing and able to purchase all preferred shares the holder, respectively, his successor(s) in title is/are allowed to keep these shares.
In the event of non-compliance with this obligation within three months after the obligation has arisen, the company shall be irrevocably authorized to effect the transfer, provided that it involves all shares, on behalf of the holder of the preferred shares in default, or its successor(s) in title, in accordance with the provisions of this article.
Board of Directors
The Board of Directors shall determine the number of executive directors and the number of non-executive directors consistent with this article 13 paragraph 1.
In the event of a vacancy on the Board of Directors, the Board of Directors shall continue to be validly constituted by the remaining Directors.
The resolution of the general meeting shall specify whether a member of the Board of Directors is appointed as executive director or as non-executive director.
If the binding nature of the nomination is overruled, the Board of Directors shall draw up a new binding nomination to be voted upon at the next general meeting.