Resolutions for Winding-up

Insolvency Act 19862006-06-302006-07-14TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk260782431/231

Resolution for Winding-Up

Minutes of an Extraordinary General Meeting

Of

ANDSTRAT (NO. 224) LIMITED

held at Cowdenbeath

on 30 June 2006

Present: John Mullen and George Shand

John Mullen occupied the Chair:

The Chairman read out the notice convening the meeting.

It was noted that a quorum was present.

IT WAS RESOLVED:-

i.  “That the company be wound up voluntarily under the provisions of the Insolvency Act 1986 (the “Act”) and Thomas Campbell MacLennan, Chartered Accountant (the “Liquidator”), of Tenon Recovery, 1 Royal Terrace, Edinburgh EH7 5AD be and is hereby appointed liquidator for the purposes of such winding-up”;

ii.  Pursuant to section 91(2) of the Act, the directors of the Company be and are hereby authorised to examine the accounts prepared by the Liquidator and to approve such remuneration to the Liquidator as they deem appropriate, provided that the remuneration be fixed on the basis of time properly spent and expenses properly incurred;

iii.  The Liquidator be and is hereby authorised and directed, pursuant to Section 110 of the Act, to give effect to, the attached transfer agreements;

iv.  The Liquidator be and is hereby authorised pursuant to Section 165 of the Act to exercise the powers set out in Part 1 of Schedule 4 to the Act;

There being no further business the meeting was closed.

Chairman.