LETTER AGREEMENT RELATING TO BOARD REPRESENTATION RIGHTS, DATED AS OF [ ], 2026, BY AND BETWEEN PASQAL HOLDING SA AND BPIFRANCE INVESTISSEMENT
Bleichroeder Acquisition France Merger Sub 2
Privileged & Confidential
[LETTERHEAD PASQAL HOLDING SA]
[Date]
To:
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**Bpifrance Investissement **
[Address]
Re: Undertaking Letter Relating to Board Representation Rights
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Dear Sirs and Madams,
We refer to the holding of ordinary shares (the “Ordinary Shares”) of Pasqal Holding SA (the “Company”) by certain investors, including Bpifrance Investissement, Bpifrance Participations, Bpifrance S.A., certain entities affiliated with them or managed or advised by Bpifrance Investissement, Caisse des Dépôts et Consignations, the French state and their respective affiliated entities.
By this letter, the Company and Bpifrance Investissement (“BPI”) hereby irrevocably undertake to comply with the commitments and agreements set out below.
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Bpifrance Investissement Board and Nominating and Corporate Governance Committee Representation Rights
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