• Shares: 25,000
  
• Warrants: 0
• Independency Assessment: independent

CEO & co-founder of TOMORROW

Caroline is a digital strategist and business executive with great experience from various board positions in danish companies including LEGO, COOP, 3XN, DYRBERG/KERN, Copenhagen Capacity and Vækstfonden. As a serial entrepreneur Caroline has founded or co-founded companies within IT, publishing, design, and sustainable fashion in which she has undertaken the role as CEO or Chairman of the Board.

Caroline was voted as one of the 100 most important women in Denmark the last 100 years by Kvinfo and Danish Newspaper Berlingske Tidende.

‍Educational background: BA in Media and Information Science and an Executive MBA from Copenhagen Business School.

• Shares: 0
  
• Warrants: 0
• Independency Assessment: dependent

Partner in Vækstfonden

Jesper is Partner in Vækstfonden and responsible for the business development of investments within information and communications technology. As board member in several start-ups, Jesper contributes with excessive venture capital experience. Previously, Jesper have had positions within finance, strategy, product management and business development in Sonion.

Educational background: M.Sc. in Business Administration from Copenhagen Business School and Chartered Financial Analyst.

• Shares: 619,325
  
• Independency Assessment: independent

Erdem has vast experience with starts-ups and development of new businesses. Before co-founding Donkey Republic, Erdem has worked more than seven years with crowd sourcing and crowdfunding platforms, citizen engagement and innovation management, setting up social impact bonds, and sharing economy business models. Erdem has also gained valuable experience in business strategy and organisation restructuring from his previous positions as management consultant in McKinsey and TechnoServe. Erdem is the Chief Executive Director with the overall responsibility of the Company. Erdem has also represented Donkey Republic as keynote speaker at Techfestival 201.

Educational background: MSc of Public Policy from University of California, Berkeley & BSc of Mechanical Engineering from Boğaziçi University

Positions held within the last 5 years: Founder and CEO in Wedecide ApS (resigned August 2016).

Other relevant positions: Chairman in Bike Sharing Group, and board member in The Association of Tech Startups in Denmark.

• Shares: 0
  
• Warrants: 0
• Independency Assessment: dependent

Co-founder & Partner in Spintop

Erik is Co-founder and Partner in Spintop Ventures, a venture capital fund investing
in early-stage companies where Erik is positioned as board member, active chairman or as an advisor.

Previously, Erik has worked in investment banking with positions in Enskilda Securities, BNP Paribas, and Danske Securities, supporting global giants as well as small companies in getting funding through the public markets. In addition, Erik has also worked as head of international listings for NYSE Euronext.

Educational background: BSc in Economics from Lund University and an MBA from Columbia Business School as Fulbright Scholar.

• Shares: 4,051,025
  
• Warrants: 0

Background and skills
Lars Kristensen holds an MSc in Economics (cand.oecon.) from Aarhus University  brings extensive leadership experience, deep financial acumen, and a proven track record in risk management to the Board. He has previously served as Chief Financial Officer and Chief Risk Officer during the rapid international scaling of MFT Energy and he offers great expertise in corporate governance and strategic risk oversight.
● 2025 – present: Managing Partner, Bolig Kronjylland
● 2017 – present: Advisor & Partner, MFT Energy A/S
● 2025-2026: Board member Asetek A/S
● 2013 – 2016 : Head of Intraday Analysis/ Head Intraday of Proprietary Power Trading, Danske Commodities
● 2007 – present: Owner & CEO, Vorup Invest ApS

Active positions
● Owner & CEO, Vorup Invest ApS
● Advisor & Partner, MFT Energy A/S
● Managing Partner, Bolig Kronjylland

• Warrants: 0
• Independency Assessment: independent

Jakob Have, Nordic Compound Invest AS

Jakob Have holds an MSc in Business Administration and Auditing (cand.merc.aud) from Copenhagen Business School and possesses extensive theoretical and practical knowledge of financial markets and economic conditions. He has more than 25 years of experience in equity investments. This strong financial and operational background provides a solid foundation for his board work.

Through his roles as CFO — including for a listed company and as auditor, he has gained deep expertise in strategic capital allocation, risk management, and financial oversight. Combined with his current role as a portfolio manager and active investor, he brings strong business acumen and a sharp focus on long-term shareholder value creation to the boardroom.

Professional background
● May 2020 – Present: CEO, Nordic Compound Invest
● 2018 – 2020: CFO, Micro Matic
● 2016 – 2018: CFO, SKAKO (Listed small cap)
● 2011 – 2016: Head of Tax, Demant
● 2005 – 2011: Auditor, Deloitte

• Shares: 0
  
• Warrants: 0

Employee Representative in the Board of Directors since 2026

• Shares: 41,667
  
• Warrants: 600,000

Thor is a visionary executive with over 15 years of experience leading transformations and
driving growth, significantly in the renewable energy sector. This has demonstrated a proven ability to scale businesses, lead high-performing teams, and build profitable strategies that advance the green transition. He combines strategic foresight with deep regulatory expertise, commercial excellence, and a strong network across business, finance, and public authorities.

Thor is a collaborative leader with a holistic business perspective, ensuring sustainable growth and operational efficiency while fostering purpose-driven innovation.

Positions held within the last 5 years:
Chief Commercial Officer, Better Energy, 2022-2025
Board member, Aqua Green, 2021-2024
Senior Director, COWI, 2019-2022

Educational background: MBA, Aalborg University, 2017

• Shares: 25,000
  
• Warrants: 300,000
• Independency Assessment: dependent

Signe is a senior leader with a proven track record of scaling organisations, driving operational excellence, and executing strategy in complex, high-growth industries. She is experienced in leading cross-market teams, optimising processes, and delivering results through strong people leadership and commercial execution.

Educational background: MSc., Strategy, Organization & Leadership, CBS

Previous experience:
Better Energy: Scaling across markets, professionalisation processes and governance, driving strategy execution.
CIP: Driving cross-functional initiatives involving IT, data, and change management.
Danske Bank: Working +10 years across the entire value chain leading teams, building scalable structures and driving efficiency gains.