Resolutions for Winding-up

2004-03-232004-03-30Insolvency Act 1986-0.10572251.516804EC4A 4HTThe City and County of the City of LondonTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211,

At an Extraordinary General Meeting of the above-named Company, held on 23 March 2004, the following Resolutions were duly passed, as a Special Resolution, as Ordinary Resolutions and as Extraordinary Resolutions respectively: “That the Company be wound up voluntarily, that Richard Setchim and Tim Walsh of PricewaterhouseCoopers LLP, Plumtree Court, London EC4A 4HT, be and are hereby appointed Joint Liquidators of the Company for the purposes of such winding-up, and any act required or authorised under any enactment to be done by the Joint Liquidators is to be done by all or any one or more of the persons for the time being holding office, that the Joint Liquidators’ fees be fixed by reference to the time properly given by the Joint Liquidators and their staff in attending to matters arising in the winding-up, including those falling outside of statutory duties undertaken at the request of the sole Member, such remuneration to be drawn monthly, or at such longer intervals as they may determine, that the Company’s books and records be held to the Order of the Joint Liquidators, and may not be destroyed until two years after the dissolution of the Company, that, in accordance with the provisions of the articles of association, the Joint Liquidators be and are hereby authorised to (a) distribute to the sole Member of the Company in specie the whole or any part of the assets of the Company, (b) value any assets and determine how the distribution shall be carried out to the sole Member, and (c) vest the whole or any part of the assets in trustees upon such trust for the benefit of the Member as the Joint Liquidators so determine, but the sole Member shall not be compelled to accept any assets upon which there is a liability, and that, pursuant to section 165(2)(a) of the Insolvency Act 1986, the Joint Liquidators be authorised to exercise any of the powers specified in Part I of Schedule 4 to the said Act.” G Booth, Chairman