On September 15, 2011, EDB ErgoGroup ASA enters into an agreement with the management of Miratech, pursuant to which the management exercises its put option in the amount of USD 7.14 million and the stake of 39.9% shares, with the result that EDB ErgoGroup ASA (“EDB ErgoGroup”) becomes the owner of 100% of the company's share capital. Thereupon Miratech management buys out 100% of the share capital of Miratech for the agreed price of USD 5.89 million. Under the transaction EDB ErgoGroup transfers 60.1% of share capital of Miratech and makes a net cash payment to the management in the amount of USD 1.25 million. As a result of this deal, Valeriy Kutsyy, Miratech CEO, and Nikolay Royenko, Miratech president, will own 100% of the capital stock of Miratech. The deal will be finalized within one month upon signing the agreement.