NUGATE LIMITED

(Company Number 05276967 )

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 6 Southwick Mews, Paddington, London W2 1JG, on 2 December 2009, the subjoined Special Resolution No 1 and Ordinary Resolution No 2 were duly passed:

1. “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.”

2. “That Michael Ioannou, of Gregory Michaels & Co, 6 Southwick Mews, London W2 1JG, be and is hereby appointed Liquidator for the purpose of such winding-up.”

At a subsequent Meeting of Creditors, duly convened, pursuant to section 98 of the Insolvency Act 1986, and held on the same day, the appointment of Michael Ioannou was confirmed.

M Dasilva, Chairman