PAUL WALSER & CO LIMITED

(Company Number 00089890)

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 129 New London Road, Chelmsford, Essex CM32 0QT, on 19 July 2007, the subjoined Extraordinary Resolution was duly passed:

“That the Liquidator be and is hereby authorised to distribute all or part of the assets in specie to the Shareholders in such proportions as they mutually agreed and that the Liquidator be authorised under the provisions of section 165(2) to exercise the powers laid down in Schedule 4, Part I of the Insolvency Act 1986.”

B Newton, Chairman