Note 28 – Related-party transactions

The shares of Azelio AB (publ) have been traded on Nasdaq First North Stockholm since 10 December 2018.

The following transactions occurred with related parties:

Purchase of services	2019	2018
Masen (holds 16,666,667 warrants in the company and has one representative on the Board of the company).	12,740	1,353
Lars Thunell (Member of the Board)	4	0
Dabok Advisory/Pär Nuder (Board member)	13	0
Bertil Villard (Board member)	4	0
Deep Powder AB/Jonas Eklind (CEO)	0	102
Total	12,761	1,455

Accrued expenses in respect of services performed by Masen in conjunction with the company’s demonstration facility in Ouarzazate, Morocco, amounted to kSEK 14,093 on 31 Dec 2019.

The related party transactions were carried out on an arm-lengths basis.