Document:

Exhibit 10.6

 

Namaste World Acquisition Corporation

44320 Osgood Road

Fremont, CA 94539

 

June 18, 2021

 

Namaste World Sponsor LLC

44320 Osgood Road

Fremont, CA 94539

 

RE: Securities Subscription Agreement 

 

Ladies and Gentlemen:

 

This agreement (the “Agreement”)
is entered into on June 18, 2021, by and between Namaste World Sponsor LLC, a Delaware limited liability company (the “Subscriber”
or “you”), and Namaste World Acquisition Corporation, a Delaware corporation (the “Company,” “we”
or “us”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 5,750,000
shares of Class B common stock, $0.0001 par value per share (the “Shares”), up to 750,000 of which are subject to forfeiture
by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of the Company,
do not fully exercise their over-allotment option (the “Over-allotment Option”). The Company and the Subscriber’s
agreements regarding such Shares are as follows:

 

1. Purchase
of Securities.

 

1.1. Purchase
of Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the
Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture,
on the terms and subject to the conditions set forth in this Agreement.  Concurrently with
the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered
in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry
form.

 

2. Representations,
Warranties and Agreements.

 

2.1. Subscriber’s
Representations, Warranties and Agreements. To induce the Company to issue the Shares to the Subscriber, the Subscriber hereby represents
and warrants to the Company and agrees with the Company as follows:

 

2.1.1.     No
Government Recommendation or Approval. The Subscriber understands that no federal or state agency has passed upon or made any recommendation
or endorsement of the offering of the Shares.

 

2.1.2.     No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Subscriber of the transactions contemplated
hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of the Subscriber, (ii) any
agreement, indenture or instrument to which the Subscriber is a party or (iii) any law, statute, rule or regulation to which the Subscriber
is subject, or any agreement, order, judgment or decree to which the Subscriber is subject.

 

2.1.3.     Organization
and Authority. The Subscriber is a Delaware limited liability company, validly existing and in good standing under the laws of Delaware
and possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement. Upon execution
and delivery by you, this Agreement is a legal, valid and binding agreement of Subscriber, enforceable against Subscriber in accordance
with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws
affecting the enforcement of creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement
is sought in a proceeding at law or in equity).

 

     

     

    

 

2.1.4.     Experience,
Financial Capability and Suitability. Subscriber is: (i) sophisticated in financial matters and is able to evaluate the risks and
benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period
of time because the Shares have not been registered under the Securities Act as amended (the “Securities Act”) and
therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.
Subscriber is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests.
Subscriber must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration statement
under the Securities Act or (ii) an exemption from registration available with respect to such sale. Subscriber is able to bear the economic
risks of an investment in the Shares and to afford a complete loss of Subscriber’s investment in the Shares.

 

2.1.5.     Access
to Information; Independent Investigation. Prior to the execution of this Agreement, the Subscriber has had the opportunity to ask
questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the finances,
operations, business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all
information so obtained. In determining whether to make this investment, Subscriber has relied solely on Subscriber’s own knowledge
and understanding of the Company and its business based upon Subscriber’s own due diligence investigation and the information furnished
pursuant to this paragraph. Subscriber understands that no person has been authorized to give any information or to make any representations
which were not furnished pursuant to this Section 2 and Subscriber has not relied on any other representations or information in making
its investment decision, whether written or oral, relating to the Company, its operations and/or its prospects.

 

2.1.6.     Regulation
D Offering. Subscriber represents that it is an “accredited investor” as such term is defined in Rule 501(a) of Regulation
D under the Securities Act and acknowledges the sale contemplated hereby is being made in reliance on a private placement exemption to
“accredited investors” within the meaning of Section 501(a) of Regulation D under the Securities Act or similar exemptions
under state law.

 

2.1.7.     Investment
Purposes. The Subscriber is purchasing the Shares solely for investment purposes, for the Subscriber’s own account and not for
the account or benefit of any other person, and not with a view towards the distribution or dissemination thereof. The Subscriber did
not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502
under the Securities Act.

 

2.1.8.     Restrictions
on Transfer; Shell Company. Subscriber understands the Shares are being offered in a transaction not involving a public offering within
the meaning of the Securities Act. Subscriber understands the Shares will be “restricted securities” within the meaning of
Rule 144(a)(3) under the Securities Act, and Subscriber understands that the certificates or book-entries representing the Shares will
contain a legend in respect of such restrictions. If in the future the Subscriber decides to offer, resell, pledge or otherwise transfer
the Shares, such Shares may be offered, resold, pledged or otherwise transferred only pursuant to: (i) registration under the Securities
Act, or (ii) an available exemption from registration. Subscriber agrees that if any transfer of its Shares or any interest therein is
proposed to be made, as a condition precedent to any such transfer, Subscriber may be required to deliver to the Company an opinion of
counsel satisfactory to the Company. Absent registration or an exemption, the Subscriber agrees not to resell the Shares. Subscriber further
acknowledges that because the Company is a shell company, Rule 144 may not be available to the Subscriber for the resale of the Shares
until one year following consummation of the initial business combination of the Company, despite technical compliance with the requirements
of Rule 144 and the release or waiver of any contractual transfer restrictions.

 

2.1.9.     No
Governmental Consents. No governmental, administrative or other third party consents or approvals are required, necessary or appropriate
on the part of Subscriber in connection with the transactions contemplated by this Agreement.

 

2.2. Company’s
Representations, Warranties and Agreements. To induce the Subscriber to purchase the Shares, the Company hereby represents and warrants
to the Subscriber and agrees with the Subscriber as follows:

 

2.2.1.     Organization
and Corporate Power. The Company is a Delaware corporation and is qualified to do business in every jurisdiction in which the failure
to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of
the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by
this Agreement.

 

    2

     

    

 

2.2.2.     No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated
hereby do not violate, conflict with or constitute a default under (i) the Certificate of Incorporation or By Laws of the Company, (ii)
any agreement, indenture or instrument to which the Company is a party or (iii) any law, statute, rule or regulation to which the Company
is subject, or any agreement, order, judgment or decree to which the Company is subject.

 

2.2.3.     Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Shares will be duly and validly issued,
fully paid and non-assessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Subscriber will have or
receive good title to the Shares, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions
hereunder and other agreements to which the Shares may be subject which have been notified to the Subscriber in writing, (b) transfer
restrictions under federal and state securities laws, and (c) liens, claims or encumbrances imposed due to the actions of the Subscriber.

 

2.2.4.     No
Adverse Actions. There are no actions, suits, investigations or proceedings pending, threatened against or affecting the Company which:
(i) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement or (ii)
question the validity or legality of any transactions or seeks to recover damages or to obtain other relief in connection with any transactions.

 

3. Forfeiture
of Shares.

 

3.1. Partial
or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the IPO is not
exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit
any and all rights to such number of Shares (up to an aggregate of 750,000 Shares and pro rata based upon the percentage of the Over-allotment
Option exercised) such that immediately following such forfeiture, the Subscriber (and all other initial stockholders prior to the IPO,
if any) will own an aggregate number of Shares (not including shares of Class A common stock (collectively with Class B common stock,
the “Common Stock”) issuable upon exercise of any warrants or any shares of Class A Common Stock purchased by Subscriber
in the IPO or in the aftermarket) equal to 20% of the issued and outstanding shares of Common Stock immediately following the IPO.

 

3.2. Termination
of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber
(or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action
as is appropriate to cancel such forfeited Shares.

 

3.3. Share
Certificates. In the event an adjustment to the Original Certificate, if any, is required pursuant
to this Section 3, then the Subscriber shall return such Original Certificate to the Company or its designated agent as soon as practicable
upon its receipt of notice from the Company advising Subscriber of such adjustment, following which a new certificate (the “New
Certificate”), if any, shall be issued in such amount representing the adjusted number of Shares held by the Subscriber. The
New Certificate, if any, shall be returned to the Subscriber as soon as practicable. Any such adjustment for any uncertificated securities
held by the Subscriber shall be made in book-entry form.

 

4. Waiver
of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber
hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account
which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds
of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s
failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases shares of Class
A common stock in the IPO or in the aftermarket, any additional shares of Class A common stock so purchased shall be eligible to receive
any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any shares of Common Stock
into funds held in the Trust Account upon the successful completion of an initial business combination.

 

    3

     

    

 

5. Restrictions
on Transfer.

 

5.1. Securities
Law Restrictions. In addition to any restrictions to be contained in that certain letter agreement (commonly known as an “Insider
Letter”) to be dated as of the closing of the IPO by and between Subscriber and the Company, Subscriber agrees not to sell,
transfer, pledge, hypothecate or otherwise dispose of all or any part of the Shares unless, prior thereto (a) a registration statement
on the appropriate form under the Securities Act and applicable state securities laws with respect to the Shares proposed to be transferred
shall then be effective or (b) the Company has received an opinion from counsel reasonably satisfactory to the Company, that such registration
is not required because such transaction is exempt from registration under the Securities Act and the rules promulgated by the Securities
and Exchange Commission thereunder and with all applicable state securities laws. 

 

5.2.  Lock-up.
Subscriber acknowledges that the Securities will be subject to lock-up provisions (the “Lock-up”) contained in the
Insider Letter.

 

5.3.  Restrictive
Legends. Any certificates representing the Shares shall have endorsed thereon legends substantially as follows:

 

“THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST
THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.”

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO A LOCKUP AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP.”

 

5.4. Additional
Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary dividend
payable in a form other than Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction
affecting the Company’s outstanding Shares without receipt of consideration, any new, substituted or additional securities or other
property which are by reason of such transaction distributed with respect to any Shares subject to this Section 5 or into which such Shares
thereby become convertible shall immediately be subject to this Section 5 and Section 3. Appropriate adjustments to reflect the distribution
of such securities or property shall be made to the number and/or class of Shares subject to this Section 5 and Section 3.

 

5.5. Registration
Rights. Subscriber acknowledges that the Shares are being purchased pursuant to an exemption from the registration requirements of
the Securities Act and will become freely tradable only after certain conditions are met or they are registered pursuant to a registration
rights agreement to be entered into with the Company prior to the closing of the IPO.

 

6. Other
Agreements.

 

6.1. Further
Assurances. Subscriber agrees to execute such further instruments and to take such further action as may reasonably be necessary to
carry out the intent of this Agreement.

 

6.2. Notices.
All notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered
personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the
address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number
as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided to such
party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted
shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation,
if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days
after mailing if sent by mail.

 

    4

     

    

 

6.3. Entire
Agreement. This Agreement, together with the Insider Letter and the Registration Rights Agreement, each substantially in the form
to be filed as an exhibit to the Registration Statement on Form S-1 associated with the Company’s IPO, embodies the entire agreement
and understanding between the Subscriber and the Company with respect to the subject matter hereof and supersedes all prior oral or written
agreements and understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of
any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions
of this Agreement. 

 

6.4.  Modifications
and Amendments. The terms and provisions of this Agreement may be modified or amended only by written agreement executed by all parties
hereto.

 

6.5. Waivers
and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by a
written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed
to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar.
Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not
constitute a continuing waiver or consent.

 

6.6. Assignment.
The rights and obligations under this Agreement may not be assigned by either party hereto without the prior written consent of the other
party.

 

6.7. Benefit.
All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and shall
inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed
to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded as a third-party beneficiary
of this Agreement.

 

6.8. Governing
Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by
the laws of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict
of law principles thereof.

 

6.9. Severability.
In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained in this Agreement
shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems
it reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that such court shall deem any such
provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full force
and effect.

 

6.10. No Waiver
of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement,
and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single
or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance of steps
to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any
other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver of the right of such
party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle
the party receiving such notice or demand to any other or further notice or demand in similar or other circumstances or constitute a waiver
of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand.

 

6.11. Survival
of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement or in any other
agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations
made by or on behalf of the parties.

 

    5

     

    

 

6.12. No Broker
or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other financial consultant has
acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to create any liability
on the other. Each of the parties hereto agrees to indemnify and save the other harmless from any claim or demand for commission or other
compensation by any broker, finder, financial consultant or similar agent claiming to have been employed by or on behalf of such party
and to bear the cost of legal expenses incurred in defending against any such claim.

 

6.13. Headings
and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference only and shall
in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

6.14. Counterparts.
This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that
both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or any other form
of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such signature page were an original thereof.

 

6.15. Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent
or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of
proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The words “include,”
“includes,” and “including” will be deemed to be followed by “without limitation.”
Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will
be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words of similar
import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend
that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached
any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty
or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached
will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.

 

6.16. Mutual
Drafting. This Agreement is the joint product of the Subscriber and the Company and each provision hereof has been subject to the
mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

7. Voting
and Tender of Shares. Subscriber agrees to vote the Shares in favor of an initial business combination that the Company negotiates
and submits for approval to the Company’s stockholders and shall not seek redemption with respect to such Shares. Additionally,
the Subscriber agrees not to tender any Shares in connection with a tender offer presented to the Company’s stockholders in connection
with an initial business combination negotiated by the Company.

 

8.    Indemnification.
Each party shall indemnify the other against any loss, cost or damages (including reasonable attorney’s fees and expenses) incurred
as a result of such party’s breach of any representation, warranty, covenant or agreement in this Agreement.

 

[Signature Page Follows]

 

    6

     

    

 

If the foregoing accurately
sets forth our understanding and agreement, please sign the enclosed copy of this Agreement and return it to us.

 

	 	Very truly yours,
	 	 
	 	NAMASTE WORLD ACQUISITION CORPORATION
	 	 	 
	 	By:	/s/ Suresh Guduru
	 	 	Name: 	 Suresh Guduru 
	 	 	Title: 	Chief Executive Officer

 

	Accepted and agreed as of the date first written above.
	 
	Namaste World Sponsor LLC

 

	By:	/s/ Suresh Guduru	 
	 	Name:  	Suresh Guduru 	 
	 	Title: 	Managing Member	 

 

[Signature Page to Securities Subscription Agreement]

 

 

7EX-4.1

 Exhibit 4.1 
  

			
	 Free translation from Dutch
 For
information purposes only
	  	

 GALAPAGOS 

Limited Liability Company 
 With
office at Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium 
 Judicial district of Mechelen (Belgium) 

Registered with the Register of Legal Entities under number 0466.460.429 

www.glpg.com 

********************* 

Coordination of the Articles of Association 

per 20 September 2021 

********************* 
  

	
	 Incorporated pursuant to a deed enacted by notary
public Aloïs Van den Bossche, in Vorselaar, on 30 June 1999, published in the annexes to the Belgian State Gazette under number 990717-412.
  

[This paragraph is an abbreviation from the
Dutch version] The articles of association were modified at several occasions, and most recently pursuant to a deed enacted by notary public Matthieu Derynck, in Brussels, on 20 September 2021, filed for publication in the
annexes to the Belgian State Gazette.

  

	
	This document is an English translation of a
document prepared in Dutch. It is made for purposes of convenience. In
preparing this translation, an attempt has been made to translate as literally as possible without jeopardizing the overall continuity of the text. Inevitably, however, differences may
occur in translation and if they do, the Dutch text will govern by law. In this translation, Belgian legal concepts are expressed in English terms and not in
their original Dutch terms. The concepts concerned may not be identical to
concepts described by the terms as such terms may be understood under the laws of other jurisdictions. The history of modification of the
articles of association, as set forth on this first page, is an abbreviation from the Dutch text and
indicates only the latest modification.

  

			
	Galapagos NV | Articles of Association	  	Page 1 of 16

			
	 Free translation from Dutch

For information purposes only
	  	

  

 Title I – Name –Office – Object – Duration 

 

	1	 Form and Name 

The company has the form of a limited liability company (“naamloze vennootschap”/”société
anonyme”) and has the capacity of a listed company within the meaning of the Code of Companies and Associations. 
 The company
bears the name “GALAPAGOS”. This name should always be preceded or followed by the words “naamloze vennootschap” or the abbreviation “NV”, or in French “société anonyme” or the abbreviation
“SA”, in all deeds, invoices, announcements, publications, letters, orders and other documents issued by the company. 
  

	2	 Office 

The company’s office shall be located in the Flemish Region. The supervisory board can relocate the office to any other place in the
Flemish Region and the Brussels Region without a modification of the articles of association or a decision of the shareholders’ meeting of the company being required. It caters for the publication of each change of the office of the company in
the Annexes to the Belgian State Gazette. 
 The management board is also empowered to incorporate branch offices, corporate seats and
subsidiaries in Belgium and abroad. 
  

	3	 Object 

The company’s object consists of: 
  

	 	(a)	 the research and development of health products for human beings and animals, pharmaceutical products and other
products relating thereto; 

  

	 	(b)	 for its own account or for the account of third parties, the performance of research in the field of or in
connection with pharmaceutical, medical, biological and industrial technology, genetics and human and animal life in general; 

  

	 	(c)	 the exploitation of biological, chemical or other products, processes and technologies in the life sciences
sector in general, and more specifically in the pharmaceutical, medical, diagnostic, and chemical sector, including activities relating to the production, marketing and commercial exploitation of such products, processes and technologies;

  

	 	(d)	 the acquisition, sale and licensing of patents, trademarks, industrial and intellectual property, whether or
not secret, and licenses; 

  

	 	(e)	 holding direct or indirect shareholdings in other companies having an object directly or indirectly related to
research, development, industrial or commercial activities, focused mainly but not necessarily exclusively on the pharmaceutical industry. 

For such object the company may, in Belgium and abroad, acquire or lease any license, movable or immovable property necessary or useful for its
commercial or industrial object, operate, sell or lease same, build factories, establish subsidiaries and branches, and establish premises. It may engage in all operations with banks, post cheque, invest capital, contract or grant loans and credit
facilities, whether or not mortgaged. The company may, by means of contribution, participation, loans, credit facility, subscription of shares, acquisition of shares and other commitments, participate in other companies, associations or enterprises,
both existing as to be incorporated, and whether or not having an object similar to the object of the company. The company may merge with other companies or associations. 

The company may incorporate subsidiaries both under Belgian as under foreign law. 

The company may acquire or establish any property that is necessary or useful for its operations or its corporate object. 

  

			
	Galapagos NV | Articles of Association	  	Page 2 of 16

			
	 Free translation from Dutch

For information purposes only
	  	

  

	4	 Duration 

The company is incorporated for an unlimited duration. 

Except for dissolution by court, the company can only be dissolved by the extraordinary shareholders’ meeting in accordance with the
provisions of the Code of Companies and Associations concerning the winding-up of companies. 
 Title II –
Capital 
  

	5	 Subscribed Capital 

The subscribed capital amounts to EUR 354,459,739.11. It is represented by 65,530,121 shares without nominal value. 

Each share represents an equal part of the capital of the company. 
  

	6	 Amendment of the Subscribed Capital 

The shareholders’ meeting, deliberating in accordance with the provisions applicable to a modification of the articles of association, may
increase or reduce the capital. The issuance price and the conditions of the issue of new shares are determined by the shareholders’ meeting upon a proposal by the supervisory board. 

The shares that are subscribed in cash, are to be offered first to the shareholders, in proportion to the part of the capital that is
represented by their shares during a period of fifteen days as of the day the subscription is opened. 
 The shareholders’ meeting
determines the subscription price and the manner in which the preferential subscription right may be exercised. 
 The shareholders’
meeting or, as the case may be, the supervisory board in the framework of the authorized capital, may decide to increase the capital for the benefit of the employees, subject to the provisions of the Code of Companies and Associations. 

Subject to the relevant provisions set forth by law, the preferential subscription right may, in the interest of the company, be restricted or
cancelled by the shareholders’ meeting in accordance with the provisions of the Code of Companies and Associations. 
 In the event of a
reduction of the capital, the shareholders who find themselves in equal circumstances are to be treated equally, and the applicable provisions set forth by law are to be respected. 

 

	7	 Call for Paying Up 

The management board decides at its discretion on the calling for paying up on shares. The commitment to pay up on a share is unconditional and
indivisible. 
 In the event that shares that are not fully paid up belong in joint ownership to several persons, each of them is liable for
the paying up of the full amount of the payments that are due and called for. 
 In case a shareholder has not made the paying up on his
shares that is called for within the period of time set by the management board, the exercise of the voting rights attached to such shares are suspended by operation of law as long as such paying up is not made. Furthermore, the shareholder shall,
by operation of law, bear an interest equal to the legal interest increased by two percent as of the due date on the amount of funds called for and not paid up. 

In the event the shareholder does not act upon a notice sent by the management board by registered letter upon expiry of the period of time set
by the management board, the latter may have the relevant shares sold in the most appropriate manner, without prejudice to the right of the company to claim from the shareholder the funds not paid up as well as compensation for damages. 

 

  

			
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 The proceeds of such sale, up to an amount equal to the sum of the called up funds, the
interests and the incurred costs, will belong to the company. The exceeding proceeds, if any, will be delivered to the defaulting shareholder, provided that he is not a debtor of the company for any other reason. If the proceeds of the sale are not
sufficient to cover the obligations of the defaulting shareholder, the latter will owe the company for the difference. 
 The shareholder may
not pay up his shares without the prior approval of the management board. 
  

	8	 Notification of Important Interests 

For the application of the articles 6 through 17 of the Law of 2 May 2007 relating to the disclosure of important interests, the
applicable quota are established at five percent and multiples of five percent. 
  

	9	 Nature of the Shares 

The shares are registered shares until they are fully paid up. The fully paid up shares are registered shares or dematerialized shares,
according to the preference of the shareholder. The company may issue dematerialized shares, either by a capital increase or by the conversion of existing registered shares into dematerialized shares. Each shareholder may at all times ask the
conversion of his shares, by written request and at his own cost, into registered shares or into dematerialized shares. 
  

	10	 Exercise of Rights Attached to the Shares 

Vis-à-vis the company, the shares are indivisible. If a
share belongs to different persons or if the rights attached to a share are divided over different persons, or if different persons hold the rights in rem to the shares, the company may suspend the exercise of the rights attached thereto until one
single person has been designated as shareholder vis-à-vis the company and notification thereof has been given to the company. All convocations, notifications and
other announcements by the company to the different persons entitled to one share are made validly and exclusively to the designated common representative. 
  

	11	 Acquisition and Disposal of Own Shares by the Company 

The company may resolve to acquire the company’s own shares or to dispose thereof in accordance with the provisions of the Code of
Companies and Associations. 
  

	12	 Bonds and Subscription Rights 

The supervisory board is entitled to issue bonds at the conditions it deems appropriate, whether or not such bonds are guaranteed by a mortgage
or otherwise. 
 The shareholders’ meeting may resolve to issue convertible bonds or subscription rights in accordance with the
provisions of the Code of Companies and Associations. 
 Title III – Administration and supervision 

 

	13	 Two-tier board structure 

The company is managed by a supervisory board of minimum five and maximum nine members, who need not be a shareholder, and a management board
of at least three members. One cannot be a member of both boards. At least three of the appointed members of the supervisory board shall meet the criteria stated in the applicable law with respect to independent directors. 

Each board forms a college in accordance with the applicable rules on deliberating meetings. 

  

			
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 The members of the supervisory board are appointed by the shareholders’ meeting. The
duration of their mandate may not exceed four years. Members of the supervisory board whose mandate has come to an end may be reappointed. The members of the management board are appointed and dismissed by the supervisory board. 

If a membership is entrusted to a legal entity, such legal entity shall appoint a physical person as its permanent representative in accordance
with the applicable legal provisions, subject to acceptance of this person by the other members of the respective board of the company. 
  

	14	 Supervisory board 

 

	14.1	 Powers of the supervisory board 

The supervisory board is responsible for the general policy and strategy of the company and has the power to perform all acts that are
exclusively reserved to it by the applicable law. The supervisory board drafts all reports and proposals in accordance with books 12 and 14 of the Code of Companies and Associations. 

It supervises the management board and decides, after the adoption of the annual accounts, by separate vote on the discharge to be granted to
the members of the management board. 
 Within the limits of its authority, the supervisory board may confer special powers on agents of its
choice. 
  

	14.2	 Casual Vacancy 

In the event of a casual vacancy in the supervisory board, the remaining members of the supervisory board have the right to temporarily fill
such vacancy until the shareholders’ meeting appoints a new member of the supervisory board. To this end, the appointment shall be put on the agenda of the first following shareholders’ meeting. Each member of the supervisory board
appointed this way by the shareholders’ meeting shall complete the mandate of the member of the supervisory board he replaces, unless the shareholders’ meeting decides otherwise. 

 

	14.3	 Chair 

The supervisory board elects a chairman from among its members and may also elect one or more vice- chairmen. 

 

	14.4	 Meetings of the supervisory board 

The supervisory board is convened by its chairman, or, in case of impediment of the latter, by a vice- chairman, or by two members of the
supervisory board, each time the interests of the company so require. 
 The notices of the meetings of the supervisory board are, except in
the event of emergency (which is to be motivated in the minutes), provided by telecopy, by electronic mail or by phone at least four calendar days prior to the meeting. The meeting is held at the place mentioned in the convening notice. 

If the chairman is unable to attend, the supervisory board is chaired by the vice-chairman, or, in the absence of the latter, by the oldest
member present. 
 The validity of the convening notice cannot be challenged if all members of the supervisory board are present or validly
represented. 
  

	14.5	 Deliberation 

The supervisory board may validly deliberate only if at least half of its members are present or represented. If this quorum is not satisfied,
a new meeting may be convened with the same agenda, which will be able to validly deliberate and resolve provided that at least two members are present or represented. Members of the supervisory board who, in accordance with applicable law, may not
participate in the deliberation and the vote are not included to determine whether the quorum has been reached. 

  

			
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 Supervisory board members can be present at the meeting by electronic communication means,
such as, among others, phone- or videoconference, provided that all participants to the meeting can communicate directly with all other participants. In such case, the meeting is deemed to take place at the office of the company, unless agreed upon
differently by the supervisory board. The same applies to meetings of the supervisory board to be held in the presence of a notary public, it being understood, however, that in such case at least one member of the supervisory board or the
meeting’s secretary shall physically attend the meeting in the presence of the notary public and that the meeting is deemed to take place at the notary public’s office, unless agreed upon differently by the supervisory board. The minutes
of the meeting shall mention the manner in which the members of the supervisory board were present. 
 With respect to items that were not
mentioned in the agenda, the supervisory board can deliberate validly only with the consent of the entire supervisory board and insofar all members are present in persona. Such consent is deemed to be given if no objection is made according
to the minutes. 
 Each member of the supervisory board can give a power of attorney to another member to represent him at a meeting of the
supervisory board and to vote in his place, by normal letter, by e-mail or by any other means of communication replicating a printed document. 

The resolutions of the supervisory board are taken by simple majority of the votes cast. Blank and invalid votes are not included in the votes
cast, neither in the numerator nor in the denominator. In case of a tie, the chairman has the casting vote. 
 Supervisory board resolutions
may be approved by unanimous written consent of all members, unless otherwise provided in these articles of association and save for decisions requiring a notarial deed. 

The members of the supervisory board need to respect the provisions and formalities on conflicts of interest as well as on related party
transactions set forth in applicable law. 
  

	14.6	 Minutes 

The deliberations of the supervisory board are enacted in minutes that are signed by the chairman and by the members of the supervisory board
who wish to do so. The powers of attorney are attached to the minutes. If a member expressly refuses to sign the minutes, this shall be reflected in the minutes with the motivation of such refusal. 

The copies or extracts, to be submitted in legal proceedings or otherwise, shall be signed by the chairman of the supervisory board or by two
members of the supervisory board. 
  

	14.7	 Remuneration of the members of the supervisory board 

The shareholders’ meeting may grant remuneration to the members of the supervisory board. The supervisory board is empowered to distribute
amongst its members the global remuneration granted by the shareholders’ meeting. 
  

	15	 Management board 

 

	15.1	 Powers of the management board 

The management board has the power to carry out all acts necessary or useful to the realisation of the company’s object with the exception
of those reserved to the supervisory board in accordance with article 14.1 of these articles of association and of those reserved to the shareholders’ meeting by applicable law. 

Within the limits of its authority, the management board may confer special powers on agents of its choice. 

 

	15.2	 Chair 

The supervisory board shall appoint the chairman of the management board. The management board may also elect one or more vice-chairmen. 

  

			
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	15.3	 Meetings and minutes of the management board 

The management board is convened by its chairman, or, in case of impediment of the latter, by a vice- chairman, or by two members of the
management board, each time the interests of the company so require. 
 The deliberations of the management board are recorded in minutes,
signed by the members who took part in the deliberation. 
 The copies and extracts of the minutes of the meetings of the management board
are certified and signed by one or more members with representation powers. 
 Management board resolutions may be approved by unanimous
written consent of all members, unless otherwise provided in these articles of association and save for decisions requiring a notarial deed. 

The management board may make any further arrangements for its effective functioning. 

 

	15.4	 Remuneration of the members of the management board 

The supervisory board determines the remuneration of the members of the management board. 

 

	16	 Delegation of day-to-day
management 

 The management board is authorized to delegate the
day-to-management of the company as described in the Code of Companies and Associations and the representation powers pertaining to such management to one or more
persons. The management board appoints and revokes the person(s) entrusted with such management and determines the remuneration linked to this mandate. 

If several persons are appointed, they form a board and the management board determines the operating procedures of the persons entrusted with the day-to-day management of the company. 
 Limitations of the representation powers
of the persons entrusted with the day-to-day management, other than those relating to the joint signatory authority, are not enforceable
vis-à-vis third parties, even if they are published. 
 Within the
limits of the powers delegated to them, the persons entrusted with the day-to-day management may grant specific and determined powers to one or more persons of their
choice. 
  

	17	 Representation 

 

	17.1	 Supervisory board 

The supervisory board represents the company vis-à-vis
third parties in all matters for which it has exclusive competence in accordance with the applicable law. With regard to the powers of the supervisory board, the company is also represented by two members of the supervisory board acting jointly,
provided that these members cannot be members who factually represent shareholders holding more than 20 percent of the company’s capital. 
  

	17.2	 Management board 

The management board represents the company vis-à-vis
third parties in all matters, with the exception of those matters for which, in accordance with the applicable law, the supervisory board has exclusive competence. With regard to the powers of the management board, the company is also represented by
one member of the management board acting alone. 
  

	17.3	 Delegated authorities 

Within the limits of the day-to-day management, the company is
furthermore validly represented in dealings with third parties and in legal proceedings by the person(s) entrusted with the day-to-day management of the company acting
jointly or individually in accordance with the delegation by the management board. 

  

			
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 Moreover, the company is validly bound by special attorneys-in-fact within the limits of the powers granted to them. 
 When the company is appointed
as director, member of the supervisory board, member of the management board or liquidator of another company, it will appoint a physical person as its permanent representative who is entrusted with the execution of the mandate for and on behalf of
the company. 
  

	18	 Committees within the supervisory board 

The supervisory board establishes an audit committee and a remuneration and nomination committee. 

The supervisory board may create amongst its members, and under its responsibility, one or more advisory committees, of which it determines the
composition and the missions. 
  

	19	 Control 

To the extent required by law, the control of the financial situation, of the annual accounts and of the regularity from point of view of the
Code of Companies and Associations and the articles of association of the activities to be reflected in the annual accounts, are assigned to one or more statutory auditors (“commissarissen”) who are appointed by the
shareholders’ meeting amongst the Company Auditors entered in the public register of the statutory auditors or among the registered audit firms and who carry the title of statutory auditor (“commissaris”). 

The shareholders’ meeting determines the number of statutory auditors and fixes their remuneration. 

The statutory auditors are appointed by the shareholders’ meeting, in accordance with the applicable legal provisions, for a renewable
period of three years. On penalty of indemnity, they may be dismissed during their mandate by the shareholders’ meeting for legal reasons only, subject to compliance with the procedure described in the Code of Companies and Associations. 

The expiring mandate of a statutory auditor ceases immediately after the annual shareholders’ meeting. 

In the absence of a statutory auditor whilst such appointment is required by law or when all statutory auditors are in the impossibility to
perform their mandates, the supervisory board immediately convenes the shareholders’ meeting to arrange for their appointment or replacement. 

The statutory auditors are granted a fixed remuneration by the shareholders’ meeting; this amount is established at the beginning of their
mandate. This amount may be changed only by consent of the parties. 
  

	20	 Task of the Statutory Auditor 

The statutory auditors have, jointly or severally, an unlimited right of supervision over all activities of the company. They may review all
books, correspondence, minutes and in general all documents of the company at the premises of the company. 
 Each semester, the supervisory
board provides them with a status report summarizing the assets and liabilities of the company. 
 The statutory auditors may arrange to be
assisted in the performance of their task, at their costs, by employees or other persons for whom they are responsible. 
 Title IV –
Shareholders’ meetings 
  

	21	 Composition and Authorities 

The regularly composed shareholders’ meeting represents the entirety of the shareholders. The resolutions of the shareholders’
meeting are binding upon all shareholders, even those absent or those who voted against. 

  

			
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	22	 Meeting 

The annual shareholders’ meeting is held on the last Tuesday of the month of April at 2:00 p.m. CET. If such day is a public holiday in
Belgium or in The Netherlands, the shareholders’ meeting will be held on the following day that is a business day in both Belgium and The Netherlands, at 2:00 p.m. CET. 

The annual shareholders’ meeting deals with the annual accounts and, after approval thereof, resolves by separate votes on the release
from liability of the members of the supervisory board and the statutory auditor. 
 An extraordinary shareholders’ meeting may be
convened each time the interest of the company so requires and is to be convened each time shareholders representing together at least one tenth of the capital so request in accordance with the applicable law. 

The shareholders’ meetings take place at the office of the company or at any other place that is mentioned in the convening notice. 

 

	23	 Notice 

The shareholders’ meeting assembles pursuant to a convening notice issued by the supervisory board or by the statutory auditor(s). 

The invitations to a shareholders’ meeting are made in accordance with applicable law. 

The convening notice for a shareholders’ meeting contains at least the information as required by applicable law. 

On the day of publication of the convening notice and uninterruptedly until the day of the shareholders’ meeting, the company makes
available to its shareholders the information as required by applicable law. This information remains accessible on the company’s website for a period of five years as from the date of the shareholders’ meeting to which it relates. 

The foregoing does not prejudice the possibility of one or more shareholders possessing together at least three percent of the capital to have
items to be dealt with put on the agenda of the shareholders’ meeting and table proposals of resolutions with respect to items on the agenda or items to be put on the agenda, subject to compliance with applicable law. This does not apply in
case a shareholders’ meeting is called with a new notice because the quorum required for the first convening was not satisfied, and provided that the first notice complied with the provisions of the law, the date of the second meeting is
mentioned in the first notice and no new item is put on the agenda. The company must receive such requests ultimately on the 22nd day before the date of the shareholders’ meeting. The items to be dealt with and the proposed resolutions
pertaining thereto to be added to the agenda, as the case may be, will be published in accordance with the provisions of the Code of Companies and Associations. If a proxy form has already been submitted to the company before the publication of the
completed agenda, the proxy holder will need to comply with the relevant provisions of the Code of Companies and Associations. The items to be dealt with and the proposed resolutions pertaining thereto that have been added to the agenda pursuant to
the foregoing, shall only be discussed if all relevant provisions of the Code of Companies and Associations have been complied with. 
  

	24	 Admission 

The right to participate in a shareholders’ meeting and to vote is only granted based on an accounting registration of the shares on the
name of the shareholder, on the 14th day before the shareholders’ meeting, at midnight (CET), either by their registration in the register of registered shares of the company, or by their registration on the accounts of a recognized account
holder or of a clearing institution, irrespective of the number of shares the shareholder possesses at the day of the shareholders’ meeting. 

The day and time referred to in the first paragraph form the record date. 

  

			
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 The shareholder notifies the company, or the person appointed by the company for this
purpose, ultimately on the sixth day before the date of the meeting, that he wants to participate in the shareholders’ meeting. 
 The
financial intermediary or the recognized account holder or the clearing institution provides the shareholder with a certificate evidencing the number of dematerialized shares registered in the shareholder’s name on his accounts on the record
date, for which the shareholder has indicated his desire to participate in the shareholders’ meeting. 
 In a register designated by the
supervisory board, the name and address or office of each shareholder who has notified the company of its intention to participate in the shareholders’ meeting are noted, as well as the number of shares he possessed on the record date and for
which he has indicated to be participating in the shareholders’ meeting, and the description of the documents demonstrating that he was in possession of the shares on said record date. 

An attendance list, mentioning the names of the shareholders and the number of shares they represent, must be signed by each of them or by
their proxy holders before entering the meeting. 
 The holders of profit sharing certificates (“winstbewijzen/parts
bénéficiaires”), non-voting shares, convertible bonds, subscription rights or other securities issued by the company, as well as the holders of certificates issued with collaboration of
the company and representing securities issued by the company (if any such exist), may attend the shareholders’ meeting with advisory vote insofar permitted by law. They may only participate in the vote in the cases determined by law. They are
in any event subject to the same formalities as those imposed on the shareholders, with respect to notice of attendance and admission, and the form and submission of proxies. 
  

	25	 Representation – Remote Voting – Remote Attendance 

Each shareholder with voting rights may participate in the meeting in person or may have himself represented by a proxy holder in accordance
with the provisions of the Code of Companies and Associations. 
 A person acting as proxy holder may carry a proxy of more than one
shareholder; in such case he may vote differently for one shareholder than for another shareholder. 
 The appointment of a proxy holder by a
shareholder must be in writing or by means of an electronic form and must be signed by the shareholder, as the case may be with an electronic signature within the meaning of the applicable law provisions. 

The notification of the proxy to the company must be in writing, as the case may be by electronic means, to the address mentioned in the
convening notice. The company must receive the proxy ultimately on the sixth day before the date of the meeting. 
 The supervisory board may
determine the text of the proxies provided that the liberty of the shareholder to vote must be respected and that the modalities do not diminish the shareholder’s rights. 

The supervisory board has the possibility to provide in the convening notice that the shareholders can vote remotely, prior to the
shareholders’ meeting, by letter or electronically, by means of a form made available by the company. 
 In case of remote voting by
letter, any forms that have not been received by the company ultimately on the sixth day before the date of the meeting shall not be taken into account. 

In case of remote voting by electronic means, assuming the convening notice allows this, the modalities permitting the shareholder to vote by
such means will be established by the supervisory board, who will ensure that the applied communication means are able to implement the mandatory legal statements, to supervise compliance with the required timing of receipt and to control the
capacity and identity of the shareholder. Electronic voting is possible until the day prior to the shareholders’ meeting. 

  

			
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 The shareholder who uses distant voting, either by letter, or, as the case may be, by
electronic way, must comply with the requirements for admission as set forth in article 24 of the articles of association. 
 The supervisory
board can offer the shareholders the possibility to participate in the shareholders’ meeting remotely, by means of a communication mechanism made available by the company. With respect to the compliance with the conditions relating to
attendance and majority, the shareholders who participate in the shareholders’ meeting by such means, as the case may be, are deemed to be present at the location where the shareholders’ meeting is held. If the supervisory board offers the
possibility to participate remotely in the shareholders’ meeting by such means, the board determines the conditions applicable hereto in accordance with the relevant provisions of the Code of Companies and Associations. The supervisory board
may extend this possibility (if it is offered) to the holders of profit sharing certificates, non-voting rights, convertible bonds, subscription rights or certificates issued with collaboration of the company,
taking into account the rights attached thereto and in accordance with the relevant provisions of the Code of Companies and Associations. 
  

	26	 Bureau 

Every shareholders’ meeting is chaired by the chairman of the supervisory board or, absent any chairman or if the chairman cannot attend,
by another member of the supervisory board thereto appointed by his colleagues. 
 The chairman of the meeting appoints the secretary, who
does not necessarily need to be shareholder or member of the supervisory board. 
 If the number of shareholders so allows the
shareholders’ meeting elects two vote counters. The other members of the supervisory board who are present complete the bureau. 
  

	27	 Adjournment 

The supervisory board has the right, prior to any ordinary, special or extraordinary shareholders’ meeting, to postpone or cancel the
meeting. This is in addition to the legal right of the supervisory board to postpone any ordinary, special or extraordinary shareholders’ meeting for up to five weeks due to an announcement regarding a significant participation, and during the
ordinary shareholders’ meeting to postpone for five weeks, the decision regarding the approval of the financial statements. 
 This
adjournment of the decision regarding the approval of the financial statements puts an end to the deliberation and renders invalid the resolutions passed with regard to the financial statements, including the resolutions on the discharge of the
members of the supervisory board and the auditors. However, it does neither affect the deliberation nor the decisions in respect of resolutions having nothing to do with the financial statements. 

All shareholders shall be called to attend the next meeting and admitted, provided that they have completed the formalities laid down in the
articles of association, and this regardless of whether or not they attend the first meeting either in person or by proxy. 
 At the second
meeting, the agenda of the initial meeting shall be dealt with in its entirety. 
  

	28	 Number of Votes 

Each share carries one vote. 
  

	29	 Deliberation 

The shareholders’ meeting cannot deliberate on items that are not mentioned in the agenda, unless all shareholders are present or
represented at the meeting and they unanimously decide to deliberate on these items. 

  

			
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 The members of the supervisory board, and where applicable, the members of the management
board, answer the questions they are asked by the shareholders, during the meeting or in writing, relating to their report or to the agenda items, insofar the communication of information or facts is not of such nature that it would be detrimental
to the business interests of the company or to the confidentiality to which the company or its board members are bound. The statutory auditors answer the questions they are asked by the shareholders, during the meeting or in writing, relating to
their report, insofar the communication of information or facts is not of such nature that it would be detrimental to the business interests of the company or to the confidentiality to which the company, its board members or the statutory auditors
are bound. In case several questions relate to the same subject matter, the board members and the statutory auditors may respond in one answer. As soon as the convening notice is published, the shareholders may ask their questions in writing, which
will be answered during the meeting by the board members or the statutory auditors, as the case may be, insofar such shareholders have complied with the formalities to be admitted to the meeting. The questions may also be directed to the company by
electronic way via the address that is mentioned in the convening notice for the shareholders’ meeting. The company needs to receive these written questions ultimately on the sixth day before the meeting. 

Except when otherwise provided for by legal provisions or by the articles of association, the resolutions are taken by simple majority of the
votes cast, irrespective of the number of shares represented at the meeting. 
 If for a resolution pertaining to an appointment no candidate
obtains the absolute majority of the votes cast, a new vote will be organized between the two candidates who obtained the most votes. If such new vote results in a tie, the elder candidate is elected. 

The votes cast during the meeting are taken by raising hands or by calling off names, unless the shareholders’ meeting decides otherwise
by simple majority of the votes cast. 
 A change of the articles of association can only be validly deliberated and resolved by an
extraordinary shareholders’ meeting in the presence of a notary and in compliance with applicable law. 
  

	30	 Minutes 

The minutes of the shareholders’ meeting are signed by the members of the bureau and by the shareholders who ask to do so. The attendance
list, and as the case may be, reports, proxies and/or written votes shall remain attached to the minutes. 
 Except when otherwise provided
for by law, extracts to be submitted in legal proceedings or otherwise, are to be signed by one or more members of the supervisory board. 

The minutes shall mention, for every resolution, the number of shares for which valid votes are cast, the percentage of the capital that these
shares represent, the total number of votes validly cast, and the number of votes cast in favor or against each resolution, as well as the number of abstentions, if any. In the minutes of the shareholders’ meetings with possibility of remote
attendance (if this possibility is offered) the technical problems and incidents (if any) that have hindered or disturbed the participation by electronic means, shall be mentioned. This information will be published by the company on its website,
within 15 days as from the shareholders’ meeting. 
 Title V – Annual Accounts – Distribution of Profits 

 

	31	 Annual Accounts 

The financial year commences on the first of January and ends on the thirty first of December of each calendar year. 

  

			
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 At the end of each financial year the supervisory board draws up an inventory as well as the
annual accounts. To the extent required by law, the members of the supervisory board also draw up a report in which they account for their management. 

This report contains a comment on the annual accounts in which a true overview is given of the operations and of the position of the company,
as well as other information required by applicable law. 
  

	32	 Approval of the Annual Accounts 

The annual shareholders’ meeting takes note of, as the case may be, the annual report and the report of the statutory auditor(s) and
resolves on the approval of the annual accounts. 
 After approval of the annual accounts, the shareholders’ meeting resolves, by
separate vote, on the release from liability of the members of the supervisory board and, as the case may be, of the statutory auditor(s). This release from liability is only valid if the annual accounts do not contain omissions or false statements
which cover up the true situation of the company, and, with respect to acts in violation of the articles of association, only if these acts are specifically pointed out in the convening notice. 

The supervisory board ensures that the annual accounts and, as the case may be, the annual report and other documents required by applicable
law are filed with the National Bank of Belgium within 30 days after the approval of the annual accounts. 
  

	33	 Distribution 

Each year an amount of five percent of the net profits mentioned in the annual accounts is allocated to constitute a legal reserve; such
allocation ceases to be mandatory once the legal reserve amounts to one tenth of the capital. 
 Upon a motion of the supervisory board, the
shareholders’ meeting resolves with simple majority of the votes cast on the destination of the balance of the net profits, subject to the provisions of the Code of Companies and Associations. 

 

	34	 Dividend Payments 

The payment of dividends occurs at the date and place determined by the supervisory board. 

Subject to the provisions of the Code of Companies and Associations, the supervisory board may distribute interim dividends out of the current
financial year’s results or out of the profit of the previous financial year as long as the financial statements of that financial year have not yet been approved. 

Title VI – Dissolution – Winding-Up 

 

	35	 Early Dissolution 

When, as a result of losses incurred, the net assets have decreased to a level of less than half of the capital, the members of the supervisory
board must submit a motion on the dissolution of the company and, as the case may be, other measures to the shareholders’ meeting, who will deliberate in accordance with applicable law. 

When the net assets, as a result of losses incurred, have decreased to a level of less than one fourth of the capital, a resolution to dissolve
the company can be taken by one fourth of the votes cast at the shareholders’ meeting, whereby abstentions are not included in the numerator nor in the denominator. 

When the net assets have decreased to a level of less than the legal minimum amount, every party having an interest or the public prosecutor
may petition the court to dissolve the company in accordance with applicable law. As the case may be the court may allow the company a period to regularize its situation. 

  

			
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	36	 Dissolution 

A motion to dissolve the company voluntarily can be resolved only by an extraordinary shareholders’ meeting and is subject to the
applicable legal provisions. 
 After its winding-up, and until the closing of its liquidation, the
company continues to exist by operation of law as a legal entity for the purposes of its liquidation. 
  

	37	 Winding-Up 

In case of winding-up of the company, for any reason or at any time whatsoever, the winding-up is performed by liquidators appointed by the shareholders’ meeting, and absent such appointment, the winding-up is performed by the supervisory board acting in
capacity of winding-up committee. 
 Except if otherwise resolved, the liquidators act jointly. To
this effect, the liquidators have the most extensive powers in accordance with applicable law, subject to restrictions imposed by the shareholders’ meeting. 

The shareholders’ meeting determines the compensation of the liquidators and their powers. 

 

	38	 Apportionment 

Following settlement of all debts, charges and costs of the liquidation, the net assets are first used to pay back, in cash or in kind, the
fully paid-up and not yet paid back amount of the shares. 
 The balance, as the case may be, is
divided in equal parts among all shares. The profit sharing certificates are not entitled to a part of the liquidation balance. 
 If the net
proceeds are not sufficient to pay back all shares, the liquidators will first pay back these shares that are paid-up to a higher extent until they are at a level equal to the shares that are paid-up to a lesser extent, or they call for an additional paying-up of capital for the latter shares. 

Title VII – General Provisions 
  

	39	 Election of Domicile 

Each member of the supervisory board, member of the management board, person entrusted with the day-to-day management of the company and liquidator having its official residence abroad, elects domicile for the duration of his mandate at the office of the company, where writs of summons and notifications
concerning company matters and the responsibility for its management can be validly made, with the exception of the notices to be made pursuant to these articles of association. 

The holders of registered shares are obliged to notify the company of every change in domicile. Absent such notification, they are deemed to
have elected domicile at their previous domicile. 
  

	40	 Legal Provisions Incorporated in these Articles of Association 

The provisions of these articles of association that literally set forth the contents of the provisions of the Code of Companies and
Associations, are mentioned for information purposes only and do not acquire thereby the character of statutory provision (“statutaire bepaling”). 
  

	41	 Applicable Law 

For all matters that are not expressly regulated in these articles of association, or for the legal provisions from which would not be validly
deviated in these articles of association, the provisions of the Code of Companies and Associations and the other provisions of Belgian law apply. 

  

			
	Galapagos NV | Articles of Association	  	Page 14 of 16

			
	 Free translation from Dutch

For information purposes only
	  	

  

	42	 Indemnification 

To the extent permitted by law, the company will be permitted to indemnify its members of the supervisory board, members of the management
board, employees and representatives for all damages they may be due, as the case may be, to third parties as a result of breach of their obligations towards the company, managerial mistakes and violations of the Code of Companies and Associations,
with the exclusion of damages that are due as a result of gross or intentional misconduct. 
 Temporary provisions of the articles of association

 Authorized capital 

The supervisory board has been granted the authority to increase the subscribed capital of the company, in accordance with applicable law, in
one or several times, to the extent set forth hereafter. This authorization is valid for a period of five years from the date of publication of this authorization in the Annexes to the Belgian State Gazette. 

Without prejudice to more restrictive rules set forth by law and without prejudice to the specific authorization for specific circumstances
granted by the extraordinary shareholders’ meeting of 25 April 2017 as mentioned in the section “Use of authorized capital in specific circumstances” of the articles of association of the company, the supervisory board can
increase the subscribed capital of the company in one or several times with an amount of up to EUR 67,022,402.04, i.e. 20 percent of the subscribed capital at the time of the convening of the shareholders’ meeting granting this
authorization. In accordance with applicable law, the supervisory board cannot use the aforementioned authorization after the Financial Services and Markets Authority (FSMA) has notified the company of a public takeover bid for the company’s
shares. 
 The capital increases within the framework of the authorized capital may be achieved by the issuance of shares (with or without
voting rights, and as the case may be in the context of a subscription rights plan for the company’s or its subsidiaries’ personnel, members of the supervisory board, members of the management board and/or independent consultants),
convertible bonds and/or subscription rights exercisable by contributions in cash or in kind, with or without issuance premium, and also by the conversion of reserves, including issuance premiums. Aforementioned subscription rights plans can provide
that, in exceptional circumstances (among others in the event of a change in control of the company or decease), subscription rights can be exercised before the third anniversary of their award, even if the beneficiary of such subscription right is
a member of the supervisory board, a member of the management board or a person entrusted with the day-to-day management. 

When increasing the subscribed capital within the limits of the authorized capital, the supervisory board may, in the company’s interest,
restrict or cancel the shareholders’ preferential subscription rights, even if such restriction or cancellation is made for the benefit of one or more specific persons other than the employees of the company or its subsidiaries. 

The supervisory board can ask for an issuance premium when issuing new shares in the framework of the authorized capital. If the supervisory
board decides to do so, such issuance premium is to be booked on a non-available reserve account that can only be reduced or transferred by a decision of the shareholders’ meeting adopted in the manner
required for amending the articles of association. 
 The supervisory board is authorized to bring the company’s articles of association
in line with the capital increases which have been decided upon within the framework of the authorized capital, or to instruct a notary public to do so. 

Use of authorized capital in specific circumstances 

The supervisory board has been granted the authority to increase the subscribed capital of the company, in accordance with applicable law, in
one or several times, to the extent set forth hereafter. This authorization is valid for a period of five years from the date of publication of this authorization in the Annexes to the Belgian State Gazette. 

  

			
	Galapagos NV | Articles of Association	  	Page 15 of 16

			
	 Free translation from Dutch

For information purposes only
	  	

  

 Without prejudice to more restrictive rules set forth by law, but also without prejudice to
any other less restrictive authorizations granted by the extraordinary shareholders’ meeting of 25 April 2017, the supervisory board can increase the subscribed capital of the company in one or several times with an amount up to EUR
82,561,764.93, i.e. 33 percent of the subscribed capital at the time of the convening of the shareholders’ meeting granting this authorization, upon a resolution of the supervisory board that all independent members of the supervisory
board (within the meaning of the Code of Companies and Associations juncto the relevant principles of the Corporate Governance Code 2020) approved and relating to (i) the entire or partial financing of a transaction through the issue of
new shares of the company, whereby “transaction” is defined as an acquisition (in shares and/or cash), a corporate partnership, or an in-licensing deal, (ii) the issue of subscription rights in
connection with company’s remuneration policy for its and its subsidiaries’ employees, members of the supervisory board, members of the management board and independent advisors, (iii) the financing of the company’s research and
development programs or (iv) the strengthening of the company’s cash position. In accordance with applicable law, the supervisory board cannot use the aforementioned authorization after the Financial Services and Markets Authority (FSMA)
has notified the company of a public takeover bid for the company’s shares. The maximum amount with which the subscribed capital can be increased in the framework of the authorized capital as mentioned in this temporary provision of the
articles of association, is to be reduced by the amount of any capital increase realized in the framework of the authorized capital as mentioned in the preceding temporary provision of the articles of association (if any). 

The capital increases within the framework of the authorized capital may be achieved by the issuance of shares (with or without voting rights,
and as the case may be in the context of a subscription rights plan for the company’s or its subsidiaries’ personnel, members of the supervisory board, members of the management board and/or independent consultants), convertible bonds
and/or subscription rights exercisable by contributions in cash or in kind, with or without issuance premium, and also by the conversion of reserves, including issuance premiums. Aforementioned subscription rights plans can provide that, in
exceptional circumstances (among others in the event of a change in control of the company or decease), subscription rights can be exercised before the third anniversary of their award, even if the beneficiary of such subscription rights is a member
of the Supervisory Board, a member of the Management Board or a person entrusted with the day-to-day management. 

When increasing the subscribed capital within the limits of the authorized capital, the supervisory board may, in the company’s interest,
restrict or cancel the shareholders’ preferential subscription rights, even if such restriction or cancellation is made for the benefit of one or more specific persons other than the employees of the company or its subsidiaries. 

The supervisory board can ask for an issuance premium when issuing new shares in the framework of the authorized capital. If the supervisory
board decides to do so, such issuance premium is to be booked on a non-available reserve account that can only be reduced or transferred by a decision of the shareholders’ meeting adopted in the manner
required for amending the articles of association. 
 The supervisory board is authorized to bring the company’s articles of association
in line with the capital increases which have been decided upon within the framework of the authorized capital, or to instruct a notary public to do so. 

* 
 *    *

  

			
	Galapagos NV | Articles of Association	  	Page 16 of 16

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