ARTICLES OF ASSOCIATION OF POLYGONMACH SANAYİ VE TİCARET LİMİTED ŞİRKETİ (POLYGONMACH INDUSTRY AND TRADE LIMITED COMPANY)

FOUNDATION & INCORPORATION
ARTICLE – 1 

In accordance with the relevant provisions of the Turkish Commercial Code regarding the establishment of limited liability companies, the company named Polygonmach Sanayi ve Ticaret Limited Şirketi has been duly founded and incorporated by the founders whose names and addresses are listed below. The company has been established as a limited liability company under the Turkish Commercial Code to operate in the fields defined in this Articles of Association.

1. Bayram ÇAMBEL:
   Adress: Malıköy Başkent OSB, Teknokent Cadde No: 6, 06760 Sincan/Ankara 
2. Ömer BABA:
   Adress: Susuz Mahallesi Dempa Sanayi Sitesi, 3792. Cadde No:21-23 Y. Mahalle/Ankara

COMPANY NAME
ARTICLE – 2

The trade name of the company is Polygonmach Sanayi ve Ticaret Limited Şirketi (Polygonmach Industry and Trade Limited Company). In this Articles of Association, the company will be referred to as “Polygonmach”..

AIM & SUBJECT
ARTICLE – 3 

The aim and scope of activities of the Company are as follows:

A-

1. To design, manufacture, assemble, and sell all types of industrial machinery, equipment, and spare parts.
2. To design, manufacture, assemble, and sell all types of industrial machinery, equipment, and spare parts.
3. To provide and carry out engineering, technical consulting, supervision, and maintenance services related to machinery and industrial equipment.
4. To prepare or have prepared any designs, drawings, plans, project studies, and development works related to the company’s field of activity.
5. 5.To establish, operate, and market industrial plants and facilities within Turkey and abroad, including
   carrying out related import and export activities.
6. To act as a representative, agent, or distributor for domestic and international companies in its field of
   activity, and to participate in bids and tenders either directly or in cooperation with other companies.
7. To import, export, buy, sell, and trade machinery, equipment, spare parts, and other products related to
   the company’s operations.
8. To own, lease, or sell real estate properties, vehicles, warehouses, and other facilities necessary for the
   operations of the company.
9. To establish branches, liaison offices, or warehouses inside or outside Turkey in accordance with
   applicable laws.
10. To provide or receive loans and financing in accordance with Turkish Commercial Code provisions to
    ensure the continuation and growth of its operations.
11. To form partnerships or collaborations with other companies or individuals, domestic or international,
    provided that such partnerships do not require the creation of a separate capital company.
12. To engage in all activities necessary and useful for the realization of the company’s purposes,
    provided they comply with applicable laws and regulations.

   B-

The company may also carry out the above-mentioned activities in collaboration with other domestic or
foreign real persons or legal entities without necessarily forming a separate legal entity or capital
company with them.

   C-

If, in the future, the company wishes to expand its business activities to new areas not listed above, such
new activities may be undertaken upon the decision of the Partners’ Assembly. This
requires an amendment to this Articles of Association in accordance with the provisions of the Turkish
Commercial Code

SEAT & BRANCHES OF THE COMPANY
ARTICLE – 4
The registered seat of the Company is Ankara, Turkey.
The address of its headquarters is:
MALIKÖY BAŞKENT OSB. TEKNOKENT CADDE NO:6 TEMELLİ/SİNCAN/ANKARA
In case of any change in its headquarters address, the new address shall be registered with the Trade
Registry and announced in the Turkish Trade Registry Gazette in accordance with the relevant provisions
of the Turkish Commercial Code.
Any notices served to the registered and announced address shall be deemed as duly served to the
Company.
Failure to register a new address despite having moved from the registered address shall constitute a valid
ground for the liquidation of the Company.
Any change of address within the same district or township, without changing the city of the registered seat,
does not require an amendment to this Articles of Association.
However, if the registered seat of the Company itself is changed to a different city, the relevant amendment
to this Articles of Association must be made.
The Company may establish branches, liaison offices, warehouses, or representative offices in Turkey or
abroad as deemed necessary, provided that such actions are in accordance with the provisions of the
Turkish Commercial Code and upon a valid resolution of the Partners’ Assembly.

TERM OF THE COMPANY
ARTICLE – 5

The legal term of the Company is unlimited, starting from the date of its official incorporation.
The Company may only be terminated and liquidated in accordance with the relevant provisions of this
Articles of Association and the Turkish Commercial Code.

SHARE CAPITAL OF THE COMPANY
ARTICLE – 6

The share capital of the Company has been fully subscribed and paid by the founders in accordance with
the provisions of the Turkish Commercial Code.
The capital is divided into capital shares (quotas), each representing a certain percentage of the total
capital. These shares do not constitute securities and cannot be issued as share certificates.
Transfer of capital shares shall only be valid when executed before a notary public and upon registration
with the Trade Registry, as required by the Turkish Commercial Code.
Any changes in the company’s capital, including increases or decreases, shall be decided by the Partners’
Assembly and carried out in accordance with the applicable laws and regulations.