LOGIC INFORMATION SYSTEMS LTD

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at 7 Kenrick Place, London W1H 3FF, on 23rd March 2001, the following Resolutions were duly passed, as Extraordinary Resolutions and as Ordinary Resolutions respectively: “That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Peter Dunn and Simon Thomas be and are hereby appointed Joint Liquidators for the purposes of such winding-up.” At the statutory Meeting of Creditors, duly convened, and subsequently held on 4th April 2001, the following Resolutions were duly confirmed: “That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Peter Dunn and Simon Thomas be and are hereby appointed Joint Liquidators for the purposes of such winding-up.” C. R. Cruz, Director and Chairman