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POWER OF ATTORNEY
We, RICOH Industrial Solutions Inc. represented by Hiroshi Takemoto, jointly own a company, named CBC Optical Industries BD Co., Ltd., in Bangladesh and the shareholding position of the said Bangladesh company is 10%. Now we intend to sell all the said 10% shares of CBC Optical Industries BD Co., Ltd. to CBC Co., Ltd. at a certain period before the closing of the definitive share transfer agreement with LHOTSE.
Also, we agreed to the decision of a major shareholder (CBC Co., Ltd. located at 2-15-13 Tsukishima, Chuo-ku, Tokyo 104-0052, Japan) and hereby designated the above as our attorney-in-fact with full power, control and authority to the board and management of the CBC Optical Industries BD Co., Ltd. to perform the following;
1) To negotiate with Lhotse (BD) Limited (“LHOTSE”) with regard to the Memorandum of Understanding attached hereto (“MOU”).
2) To proceed in accordance with terms and conditions of the said MOU.
In witness whereof, we have caused this power of attorney (POA) to be executed by its duly authorized representative.
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Specimen Signature of
Yasufumi Matsuo
Managing Director of CBC Optical Industries BD Co., Ltd.
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Hiroshi Takemoto
[Position] of RICOH Industrial Solutions Inc.
Witness (1) Witness (2)
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Name: Name:
Address: Address: