The Insolvency Act 1986

Company Limited by Shares

Extraordinary Resolution

Pursuant to Section 378(1) of the Companies Act 1985 and

84(1)(c) of the Insolvency Act 1986

Extraordinary Resolution

TOWNMERE LIMITED

Formerly trading as PIVO PIVO

Registered Office: Halliday & Co., 42 Orchard Street, Renfrew PA4 8LR

At an Extraordinary General Meeting of the above named company duly convened and held at 33a Gordon Street, Glasgow G1 3PF on 12th July 2004, the following resolution was duly passed:

Resolution

“That it has been proved to the satisfaction of the meeting that the company cannot, by reason of its liabilities, continue its business and that it is advisable that the same should be wound up; and that the company be wound up voluntarily”.

“That Charles Moore of Moore & Co, 40 New City Road, Glasgow G4 9JT, be appointed Liquidator of the company.”

D Fleming, Director