Resolution for Winding-Up

ENDURANCE FORESTRY LIMITED

(“the Company”)

(No. SC187862)

Special Resolution

Passed 25 June 2008

At a general meeting of the Company duly convened and held at Ailsa Court, 121 West Regent Street, Glasgow G2 2SD on 25 June 2008, the following resolution was duly passed as a special resolution by the members of the Company in general meeting, viz:-

That the Company be wound up voluntarily by way of a members’ voluntary liquidation.

Ordinary Resolutions

Passed 25 June 2008

At a general meeting of the Company duly convened and held at Ailsa Court, 121 West Regent Street, Glasgow G2 2SD on 25 June 2008, the following resolutions were duly passed as ordinary resolutions by the members of the Company in general meeting, viz:-

That the Company be wound up voluntarily by way of a members’ voluntary liquidation.

That Antonia McIntyre, MLM Insolvency, 3 Michaelson Square, Kirkton Campus, Livingston EH54 7DP having consented to act, be and is hereby appointed liquidator for the purpose of such winding up.

That the Liquidator’s remuneration be fixed accordingly to her time costs, and payable at her discretion from funds available in the Liquidation.

That the Liquidator be authorised to distribute to the members of the Company in specie or in kind part or the whole of the assets of the Company and for that purpose to value any assets.

That the Liquidator be authorised to destroy any company records as she may see fit.

Chairman