2. Remuneration of Henkel Management AG for assumption of liability, and reimbursement of
expenses to same
For assumption of personal liability and management, Henkel Management AG in its function as Personally Liable Partner receives an annual payment of 50,000 euros (= 5 percent of its capital stock) plus any value-added tax (VAT) due, said fee being payable irrespective of any profit or loss made.
Henkel Management AG may also claim reimbursement from or payment by the corporation of all expenses incurred in connection with the management of the corporation’s business, including the emoluments and pensions paid to its corporate management bodies.