QiWerk AG

Notice regarding the Extraordinary General Meeting

April 05, 2023

Dear Shareholders

On behalf of the entire Board of Directors, I am sadly calling this Extraordinary General Meeting to vote on the voluntary dissolution of QiWerk AG.

Due to exceptional circumstances the Board of Directors unanimously declaring QiWerk AG insolvent on the 24th January 2023. Despite best efforts, attempts to resolve matters has failed and the impasse between the Shareholders has not improved. Therefore, as Chairman of the Board of Directors, I am calling an Extraordinary General Meeting that will be held in accordance with the laws of Switzerland.

Shareholders shall be represented by their physical presence.

Meeting Date: 27th April 2023                Time: 09:30Hrs CET

Address: Goldernstrasse 10, 5000 Aarau, Switzerland

Yours sincerely

Aarau, April 05, 2023 on behalf of the Board of Directors

William B. M. Campbell

Chairman

QiWerk AG

*****

AGENDA

ITEM 1 of 1

Vote to grant the Chairman the Power of Attorney to effect the voluntary dissolution of the QiWerk AG on behalf of all Shareholders

The Board of Directors proposes to voluntarily dissolve QiWerk AG as the they have determined that QiWerk AG is insolvent.

Explanation of the Board of Directors: 

The Board of Directors has determined that given the Bridging Loan calls by creditors following missed delivery deadlines on the software under construction, and having tried to arrange alternate and new sources of funding (debt or equity), that QiWerk AG is in a state of financial distress.

The company stopped trading on the 31 December 2022 and is unable to pay it’s bills in the absence of new lines of funding.

The Chairman had sought since September, 2022 to resolve delivery problems, financing and the restructuring of the Company. All attempts failed because of the inability to secure certainty on product delivery from a well defined scope of work. This failure led to an impasse between the two Shareholders resulting in the cessation of trading activity on the 31 December 2022.

Since the cessation of trading activity the impasse between the Shareholders has not eased. Despite this the Chairman notwithstanding had continued best efforts to find buyers for the company’s incomplete software development and seek to secure some salvageable value from past efforts and to date been unsuccessful in doing so. The Company has and remains dormant and the value of past efforts can with certainty be declared to have ZERO value.

Given the two Shareholders are the secured principal creditors of the Company and their evidential impasse (i.e., an unwillingness to cooperate to resolve matters to some salvage potential value above zero) the operation of the company is impaired and is in effect dormant. Thus the Board of Directors has to act in the best interest of the Company, and call this Extraordinary General Meeting.

Therefore, the QiWerk AG  Board of Directors seek a vote to proceed with voluntary dissolution of the Company by way of granting the Chairman the Power of Attorney to effect the voluntary dissolution of the QiWerk AG on behalf of all Shareholders.

Comments

Representation by the independent proxy are not permissible for this meeting but representations accompanied with a valid Power of Attorney are.

Provisions on the exercise of voting rights

1. Only shareholders entered in the share register with voting rights as of December 31, 2022, will be entitled to vote.
2. In accordance with the Articles of Association, this resolution for shareholders requires approval of two-third majority of the votes represented at the meeting. Abstentions have the same effect as no votes in terms of election results.

*****

Mutazione QiWerk AG

Rubrica: Iscrizione al registro di commercio
Sottorubrica: Mutazione
Motivo: Persone iscritte

QiWerk AG, in Aarau, CHE-488.633.258, Aktiengesellschaft (SHAB Nr. 107 vom 03.06.2022, Publ. 1005488221).

Ausgeschiedene Personen und erloschene Unterschriften:
Ebrahim, Stefan, deutscher Staatsangehöriger, in Frankfurt am Main (DE), Mitglied des Verwaltungsrates, mit Einzelunterschrift.

FUSC: 46 del 07.03.2023
Registro giornaliero: 3656 del 02.03.2023
Numero di pubblicazione: HR02-1005694808
Cantoni: AG

Mutazione QiWerk AG

Rubrica: Iscrizione al registro di commercio
Sottorubrica: Mutazione
Motivo: Nuovo capitale, Statuti modificati

QiWerk AG, in Aarau, CHE-488.633.258, Aktiengesellschaft (SHAB Nr. 204 vom 20.10.2020, Publ. 1005003937).

Statutenänderung:
20.05.2022.

Liberierung Aktienkapital neu:
CHF 100'000.00 [bisher: CHF 50'000.00].

FUSC: 107 del 03.06.2022
Registro giornaliero: 7641 del 31.05.2022
Numero di pubblicazione: HR02-1005488221
Cantoni: AG

Nouva iscrizione QiWerk AG

Rubrica: Iscrizione al registro di commercio
Sottorubrica: Nouva iscrizione

QiWerk AG (QiWerk Ltd), in Aarau, CHE-488.633.258, Goldernstrasse 10, 5000 Aarau, Aktiengesellschaft (Neueintragung).

Statutendatum:
13.10.2020.

Zweck:
Erbringung von Dienstleistungen, Beratungsaufträgen und Projektmanagement im Bereich der digitalen bzw. technologischen Finanzinnovationen (FinTech), insbesondere Erhebung, Analyse, Validierung und Evaluation von Daten, Implementation, Vertrieb, Herstellung, Wartung sowie Support von Software und Webseiten; kann Zweigniederlassungen errichten, sich an anderen Unternehmungen irgendwelcher Art beteiligen, Vertretungen übernehmen, Darlehen für eigene oder fremde Rechnung sowie Garantien und Pfandrechtsgeschäfte für verbundene Unternehmungen und Dritte eingehen sowie jede Art von Schuld oder Wertpapieren erwerben, halten, verwalten oder verkaufen.

Aktienkapital:
CHF 100'000.00.

Liberierung Aktienkapital:
CHF 50'000.00.

Aktien:
5'000'000 Namenaktien zu CHF 0.01 (Stimmrechtsaktien) und 500'000 Namenaktien zu CHF 0.10. Die Generalversammlung hat mit Beschluss vom 13.10.2020 eine genehmigte Kapitalerhöhung gemäss näherer Umschreibung in den Statuten beschlossen.

Publikationsorgan:
SHAB. Alle Mitteilungen an die Aktionäre erfolgen per Brief, Telefax oder E-Mail.

Vinkulierung:
Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt. Gemäss Erklärung der Gründer vom 13.10.2020 untersteht die Gesellschaft keiner ordentlichen Revision und verzichtet auf eine eingeschränkte Revision.

Eingetragene Personen:
Campbell, William, von Mendrisio, in Aarau, Präsident des Verwaltungsrates, mit Einzelunterschrift; Ebrahim, Stefan, deutscher Staatsangehöriger, in Frankfurt am Main (DE), Mitglied des Verwaltungsrates, mit Einzelunterschrift.

Revisione: Rinuncia alla revisione

FUSC: 204 del 20.10.2020
Registro giornaliero: 11220 del 15.10.2020
Numero di pubblicazione: HR01-1005003937
Cantoni: AG