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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950103-09-001675.txt : 20090714
<SEC-HEADER>0000950103-09-001675.hdr.sgml : 20090714
<ACCEPTANCE-DATETIME>20090714064609
ACCESSION NUMBER:		0000950103-09-001675
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090713
FILED AS OF DATE:		20090714
DATE AS OF CHANGE:		20090714

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Himax Technologies, Inc.
		CENTRAL INDEX KEY:			0001342338
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51847
		FILM NUMBER:		09942836

	BUSINESS ADDRESS:	
		STREET 1:		10TH FLOOR, NO. 605, CHUNGSHAN ROAD
		STREET 2:		HSINHUA, TAINAN COUNTY 712
		CITY:			TAIWAN
		STATE:			F5
		ZIP:			-
		BUSINESS PHONE:		866 (6) 505-0880

	MAIL ADDRESS:	
		STREET 1:		10TH FLOOR, NO. 605, CHUNGSHAN ROAD
		STREET 2:		HSINHUA, TAINAN COUNTY 712
		CITY:			TAIWAN
		STATE:			F5
		ZIP:			-
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STATES</font></div>
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AND EXCHANGE COMMISSION</font></div>
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20549</font></font></div>
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month of <font style="DISPLAY: inline; FONT-WEIGHT: bold">July
2009</font>.</font></div>
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26, Zih Lian Road, Tree Valley Park</font></div>
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Republic of China</font></div>
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by check mark whether the registrant files or will file annual reports under
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101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely
to provide an attached annual report to security holders.</font></div>
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101(b)(7) only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrant&#8217;s
&#8220;home country&#8221;), or under the rules of the home country exchange on which the
registrant&#8217;s securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been distributed to the
registrant&#8217;s security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission filing on
EDGAR.</font></div>
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by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ &#160;&#160;
] &#160;&#160;&#160;&#160;&#160;No [ X ]</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Himax
Technologies, Inc.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INDEX TO
EXHIBITS<a name="BM_1_" /></font></div>
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      <div align="left">
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              <td align="left" valign="bottom" width="92%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            </tr>
            <tr>
              <td align="left" valign="middle" width="8%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="middle" width="92%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      Technologies, Inc. Notice of Annual General Meeting of
    Members</font></div>
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            </tr>
            <tr>
              <td valign="top" width="8%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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      Technologies, Inc. Proxy Statement</font></div>
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            <tr>
              <td valign="top" width="8%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="middle" width="92%" style="PADDING-LEFT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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      Amended and Restated Memorandum of Association of Himax Technologies,
      Inc.</font></div>
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            <tr>
              <td valign="top" width="8%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="middle" width="92%" style="PADDING-LEFT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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      Amended and Restated Articles of Association of Himax Technologies,
      Inc.</font></div>
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to the requirements of the Securities Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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              <td align="left" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" colspan="2" valign="top" width="34%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" valign="top" width="16%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <tr>
              <td valign="top" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="4%" style="PADDING-BOTTOM: 2px">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
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      Max Chan</font></div>
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              <td align="left" valign="top" width="16%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      Chan</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chief
      Financial Officer</font></div>
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            <tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date:
      July 13, 2009</font></div>
              </td>
              <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="16%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font style="FONT-WEIGHT: bold">Exhibit 99.1</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial">HIMAX
TECHNOLOGIES, INC.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Arial">NOTICE
OF ANNUAL GENERAL MEETING OF MEMBERS</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">NOTICE IS HEREBY
GIVEN that the Annual General Meeting of Members (the &#8220;Meeting&#8221;) of Himax
Technologies, Inc., a Cayman Islands company (the &#8220;Company&#8221;), will be held at
10:30 a.m., local time, on Aug 6, 2009, at the Tree Valley Park Service Center,
Room B02, (No. 8, Jhong Sin Rd. Road, Tree Valley Park, Sinshih Township, Tainan
County, Taiwan) for the following purposes:</font></div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
To adopt the 2008 audited accounts and financial reports</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;To re-elect Dr. Chun-Yen Chang as a director and elect&#160;&#160;Dr.
Yan-Kuin Su and Mr. Chih-Chung Tsai as new directors of the Company</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
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                  </td>
                  <td align="right" style="WIDTH: 36pt">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">3.</font></div>
                  </td>
                  <td align="left">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">To consider
      and if thought fit, passing with or without modifications, the following
      resolution as a special resolution of the
  Company:-</font></div>
                  </td>
                </tr>
            </table>
          </div>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
            <table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
                <tr valign="top">
                  <td style="WIDTH: 54pt">
                  </td>
                  <td align="right" style="WIDTH: 27pt">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">&#8220;(a)</font></div>
                  </td>
                  <td align="left">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">the
      authorised share capital of the Company be and is hereby increased from
      US$50,000 divided into 500,000,000 shares of a nominal or par value of
      US$0.0001 each (the &#8220;Shares&#8221;) to US$300,000,000 divided into
      3,000,000,000,000 Shares by the creation of an additional
      2,999,500,000,000 Shares (the &#8220;Increase of Authorised Share
      Capital&#8221;);</font></div>
                  </td>
                </tr>
            </table>
          </div>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
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              <tr valign="top">
                <td style="WIDTH: 55pt">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
                </td>
                <td style="WIDTH: 27pt">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">(b)</font></div>
                </td>
                <td>
                  <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">as
      recommended by the board of directors of the Company (the &#8220;Directors&#8221;),
      the Bonus Issue (as defined below) be and is hereby approved and subject
      to the Increase of Authorised Share Capital,&#160;&#160;the Directors be
      and are hereby authorised to apply and capitalize such amount standing to
      the credit of the share premium account of the Company as may be required
      in paying up in full at par such number of new bonus Shares in the share
      capital of the Company (&#8220;Bonus Shares&#8221;) to be allotted, issued and
      distributed, credited as fully paid, to the members of the Company whose
      names appear on the register of members of the Company as of [7 August
      2009] (the &#8220;Record Date&#8221;), on the basis of 5,999 Bonus Shares for every
      existing Share then held by them respectively (&#8220;Bonus Issue&#8221;), such Bonus
      Shares to be issued pursuant to this resolution shall, subject to the
      memorandum of association and articles of association of the Company, rank
      pari passu in all respects with the existing issued Shares in the share
      capital of the Company, except that they will not be eligible for the
      Bonus Issue mentioned in this
resolution;</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
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              <tr valign="top">
                <td style="WIDTH: 54pt">
                </td>
                <td align="right" style="WIDTH: 27pt">
                  <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">(c)&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">immediately
      following completion of the Bonus Issue, every three thousand issued and
      unissued Shares be consolidated (the &#8220;Share Consolidation&#8221;) into one
      consolidated share of a nominal or par value of US$0.3 each (the
      &#8220;Consolidated Shares&#8221;) and forthwith upon the Share Consolidation, the
      authorised share capital shall become US$300,000,000 divided into
      1,000,000,000 shares of a nominal or par value of US$0.3
    each;</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
            <table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
                <tr valign="top">
                  <td style="WIDTH: 54pt">
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                  <td align="right" style="WIDTH: 27pt">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">(d)</font></div>
                  </td>
                  <td align="left">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">conditional
      upon completion of the Increase of Authorised Share Capital, the Bonus
      Issue and Share Consolidation, the amended and restated second memorandum
      of association and articles of association (a copy of which is tabled at
      the general meeting and marked &#8220;A&#8221; and &#8220;B&#8221; respectively and initialed by
      the chairman of the meeting for identification purpose) be and is hereby
      approved and </font></div>
                  </td>
                </tr>
            </table>
          </div>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 81pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font size="+0" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">adopted with effect from 10
August 2009 or if later, the earliest date on which the Bonus Issue and Share
Consolidation are completed; and</font><br></font></div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
            <table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
                <tr valign="top">
                  <td style="WIDTH: 54pt">&#160;</td>
                  <td align="right" style="WIDTH: 27pt">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">(e)</font></div>
                  </td>
                  <td align="left">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">any Director
      be and is hereby authorised to sign and execute such documents and do all
      such acts and things incidental to any of the foregoing or as he/she
      considers necessary, desirable or expedient in connection with the
      implementation of or giving effect to any of the foregoing (including
      without limitation, to determine the final amount to be capitalized out of
      the share premium account of the Company and the final number of Bonus
      Shares to be allotted, issued and distributed) and the transactions
      contemplated thereunder.&#8221;</font></div>
                  </td>
                </tr>
            </table>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
To waive and dis-apply any and all preemptive rights of offerings re cash
capital increase for dual listing on Taiwan Stock Exchange</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
            <table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
                <tr valign="top">
                  <td style="WIDTH: 18pt">
                  </td>
                  <td align="right" style="WIDTH: 36pt">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">5.</font></div>
                  </td>
                  <td align="left">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">To consider
      and if thought fit, passing with or without modifications, the following
      resolution as a special resolution of the
  Company:-</font></div>
                  </td>
                </tr>
            </table>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">&#8220;Subject to and
conditional upon the Second Amended M&amp;A (as defined in the special
resolution described in item 3 above herein) being in effect and the application
by the Company&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>to list the shares of
the Company on the Taiwan Stock Exchange as referred to in resolution no. 4
above being rejected or aborted, the amended and restated third memorandum of
association and articles of association (the &#8220;Third Amended M&amp;A&#8221;, a copy of
which is tabled at the general meeting and marked &#8220;C&#8221; and &#8220;D&#8221; respectively and
initialed by the chairman of the meeting for identification purpose, which is
identical to the memorandum and articles of association of the Company in effect
prior to the adoption of the Second Amended M&amp;A except that the authorised
share capital of the Company is stated to be US$300,000,000 divided into
1,000,000,000 shares of nominal value or par value of US$0.3 each and the
nominal or par value of the shares of the Company referred to in the Third
Amended M&amp;A is US$0.3 each) be and is hereby approved and adopted with
effect from the date of a certificate signed by a director of the Company
certifying that the Board of Directors has resolved that the Company shall abort
the application to list the shares of the Company on the Taiwan Stock Exchange
and/or such application has been rejected by the relevant
authority.&#8221;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To
transact any other business properly brought before the Meeting</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Members whose names
appear on the register of members of the Company as at close of business on June
25, 2009&#160;&#160;are entitled to vote at the Meeting or any adjournment
thereof. A member entitled to attend and vote is entitled to appoint a proxy to
attend and vote instead of him. A proxy need not be a member of the
Company.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Pursuant to the
Company&#8217;s Amended and Restated Articles of Association, on a poll, every member
present in person or by proxy shall be entitled to one vote in respect of each
ordinary share held by him on the Record Date.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Please note that
the Company&#8217;s 2008 annual report has been published on the Company&#8217;s website and
hard copies of the annual reports of the Company are also available for
</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
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            </div>
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        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">shareholders upon
request. Should you want to obtain a copy of our annual report, you can (1) view
the annual report at the Company&#8217;s website at
http://www.himax.com.tw/en/investor/ir-Financial-Information.asp; (2) notify the
Company of your email address if you request for a soft copy; (3) notify the
Company of your mailing address if you request for a hard copy. Below please
find the Company&#8217;s IR contact information:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Email:
jessie_wang@himax.com.tw&#160;&#160;&#160;&#160;or</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Address: Investor
Relations, Himax Technologies, Inc.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">10F, No. 1,
XiangYang Road, Taipei 10046, Taiwan</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Please note that
the register of members of the Company will be closed from 3 August 2009
(inclusive) for registration of the transfer of shares of the Company and any
conversion of the American Depositary Receipts of the Company into shares of the
Company.&#160;&#160;The register of members of the Company will re-open on 10
August 2009 after the register of members of the Company have been updated to
give effect to the matters contemplated under item 3 of this notice and in any
event by no later than the time of commencement of trading of American
Depositary Receipts of the Company on the Nasdaq on 10 August 2009.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">By Order of the
Board of Directors</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="jordan-sig.jpg" alt=""></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Jordan
Wu</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">Director, CEO and
President</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">July 10,
2009</font></div>
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      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font style="FONT-WEIGHT: bold">Exhibit 99.2</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PROXY
STATEMENT</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
Proxy Statement is being furnished pursuant to the Proxy Form for the Annual
General Meeting (&#8220;AGM&#8221;) of Himax Technologies, Inc. (&#8220;Himax&#8221; or the &#8220;Company&#8221;)
to be held on Aug 6, 2009 at 10:30 a.m. (Taiwan time).</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">I.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160; </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">SHAREHOLDER
ADOPTION OF THE COMPANY&#8217;S 2008 AUDITED ACCOUNTS AND FINANCIAL
REPORT</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company seeks shareholder adoption of the Company&#8217;s 2008 audited accounts (the
&#8220;Audited Accounts&#8221;), which have been prepared under United States Generally
Accepted Accounting Principles, in respect of the financial year ended December
31, 2008. Along with the Audited Accounts, the Company seeks shareholder
adoption of the report of the auditors in respect of the same financial period
(the &#8220;Reports of the Auditors&#8221;). A copy of each of the Company&#8217;s Audited
Accounts and the Reports of the Auditors is included in the 2008 Himax Annual
Report which is available on the Company&#8217;s website
(http://www.himax.com.tw/en/investor/ir-Financial-Information.asp).</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Adoption
of this proposal requires the affirmative vote of a majority of the votes cast
at the AGM by the shareholders entitled to vote thereon.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Board of Directors of the Company (the &#8220;Board of Directors&#8221;) recommends a vote
FOR this proposal.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">II.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160; RETIREMENT AND RE-ELECTION OF DR. CHUN-YEN CHANG AS A DIRECTOR, AND
NEW<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#12288;</font>ELECTION
OF DR. <font style="DISPLAY: inline; COLOR: #000000">YAN-KUIN SU</font><font style="DISPLAY: inline; COLOR: #000000"> AND MR. CHIH-CHUNG TSAI AS
DIRECTORS</font></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dr.
Chun-Yen Chang will properly retire from his directorship position at Himax to
be eligible for re-election pursuant to the Articles of Association of Himax,
and he has offered himself for re-election as a Director of Himax.&#160;&#160;A
retiring Director shall be eligible for re-election.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dr.
Chun-Yen Chang is our director. Prior to our reorganization in October 2005, he
served as a supervisor of Himax Taiwan since December 2003. He was president of
the National Chiao Tung University, or NCTU, of Taiwan from 1998 to 2006. Prior
to that, he served as the director of the Microelectronics and Information
Systems Research Center of NCTU from 1996 to 1998 and as the dean of both the
College of Electrical Engineering and Computer Science of NCTU and the College
of Engineering of NCTU from 1990 to 1994. Dr. Chang has been active in the
semiconductor industry for over 40 years. He is a fellow of the Institute of
Electrical and Electronics Engineers, Inc., or IEEE, a foreign associate of the
National Academy of Engineering of the United States and a fellow of Academia
Sinica of Taiwan. Dr. Chang holds a B.S. degree in electrical engineering from
National Cheng Kung University and an M.S. degree and a Ph.D. degree in
electrical engineering from NCTU.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In order
to meet the to meet the Taiwan Stock Exchange&#8217;s listing requirement that Audit
Committee must be formed by more than three Independent Directors, where there
are only two Independent Directors in the Board the Company, and also to
strengthen the composition of the Board of the Company, the Board has approved
to nominate Dr. Yan-Kuin Su and Mr. Chih-Chung Tsai as new Directors of
Himax.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dr.
Yan-Kuin Su is the president of Kun Shan University now and also a <font style="DISPLAY: inline; COLOR: #000000">professor of Department of Electrical
Engineering, </font><font style="DISPLAY: inline; COLOR: #000000">National</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Cheng</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Kung</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">University</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">since </font><font style="DISPLAY: inline; COLOR: #000000">1983</font><font style="DISPLAY: inline; COLOR: #000000">. </font><font style="DISPLAY: inline; COLOR: #000000">Dr. S</font><font style="DISPLAY: inline; COLOR: #000000">u </font><font style="DISPLAY: inline; COLOR: #000000">is devoted to </font><font style="DISPLAY: inline; COLOR: #000000">the filed of research
in</font></font></div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">emico</font><font style="DISPLAY: inline; COLOR: #000000">nductor </font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">ngineering and </font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000">evices, </font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">pto-</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">lectronic</font><font style="DISPLAY: inline; COLOR: #000000"> d</font><font style="DISPLAY: inline; COLOR: #000000">evices, and </font><font style="DISPLAY: inline; COLOR: #000000">m</font>
<font style="DISPLAY: inline; COLOR: #000000">icrowave </font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000">evice and </font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">ntegrated </font><font style="DISPLAY: inline; COLOR: #000000">c</font><font style="DISPLAY: inline; COLOR: #000000">ircuits.&#160;&#160;</font>He is also a
fellow of the Institute of Electrical and Electronics Engineers, Inc., or
IEEE.&#160;&#160;Dr. Su<font style="DISPLAY: inline; COLOR: #000000"> holds a
B.S. degree and an M.S. degree </font><font style="DISPLAY: inline; COLOR: #000000">and a P</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">.D. degree in Electrical Engineering of
National Cheng Kung University.</font></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
Chih-Chung Tsai is our chief technology officer and senior vice president. Mr.
Tsai is also a director and chief technology officer of Himax Taiwan, a director
of Himax Display and a supervisor of Amazion. Prior to joining Himax Taiwan, Mr.
Tsai served as vice president of IC Design of Utron Technology from 1998 to
2001, director of the IC Division of Sunplus Technology from 1994 to 1998,
director of the IC Design Division of Silicon Integrated Systems Corp. from 1987
to 1993 and project leader at ERSO/ITRI from 1981 to 1987. Mr. Tsai holds a B.S.
degreeand an M.S. degree in electrical engineering from National Chiao Tung
University.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
affirmative vote of a majority of the votes cast at the AGM by the shareholders
entitled to vote thereon is required for the re-election of Dr. Chun-Yen Chang
as a director of Himax and new election of Dr. Yan-Kuin Su and Mr. Chih-Chung
Tsai as new Directors of Himax.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Board of Directors recommends a vote FOR this proposal.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: #000000; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">III.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">INCREASE OF AUTHORISED SHARE CAPITAL,
BONUS ISSUE, SHARE CONSOLIDATION AND </font><font style="DISPLAY: inline; COLOR: #000000">AMENDMEN</font><font style="DISPLAY: inline; COLOR: #000000">TS TO </font><font style="DISPLAY: inline; COLOR: #000000">MEMORANDUM AND </font><font style="DISPLAY: inline; COLOR: #000000">ARTICLES OF ASSOCIATION OF THE
COMPANY</font></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In order
to meet the Taiwan Stock Exchange&#8217;s listing requirement that the par value of
shares be NT$10 or US$0.3 per share and to increase the number of outstanding
ordinary shares to be listed on the Taiwan Stock Exchange, the Board has
approved the proposal to distribute 5,999 bonus shares for each ordinary share
held by Members of record as of August 7, 2009 from the share premium account
(the &#8220;Bonus Issue&#8221;).</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To enable
the Company to carry out the Bonus Issue, the Board has approved the proposal to
increase the authorised share capital of the Company from US$50,000 divided into
500,000,000 shares of par value US$0.0001 each to US$300,000,000 divided into
3,000,000,000,000 shares of par value US$0.0001 each (the &#8220;Increase of
Authorised Share Capital&#8221;) which shall take effect before the Bonus
Issue.&#160;&#160;&#160;&#160;Following the Increase of Authorised Share Capital
and the Bonus Issue, the Board has approved the proposal to consolidate every
three thousand issued and unissued shares of par value US$0.0001
each&#160;&#160;of the Company into one share of US$0.3 par value each (the
&#8220;Share Consolidation&#8221;).</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">In order to meet the Taiwan Stock
Exchange</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s listing requirement</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">concerning protection of material
</font><font style="DISPLAY: inline; COLOR: #000000">shareholders</font><font style="DISPLAY: inline; COLOR: #000000"> right</font><font style="DISPLAY: inline; COLOR: #000000">s under ROC</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s Company Act and Securities Exchange
Act, </font><font style="DISPLAY: inline; COLOR: #000000">the Board has approved
</font><font style="DISPLAY: inline; COLOR: #000000">the adoption of the second
amended and restated memorandum and articles of association of the Company in
the form attached hereto</font><font style="DISPLAY: inline; COLOR: #000000">
(the &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Second Amended
M&amp;A&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">)</font><font style="DISPLAY: inline; COLOR: #000000"> with all of the amend</font><font style="DISPLAY: inline; COLOR: #000000">ments highlighted for reference (the
&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Adoption&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">)</font><font style="DISPLAY: inline; COLOR: #000000">. </font></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Increase of Authorised Share Capital, the Bonus Issue, the Share Consolidation
and the Adoption (collectively, the &#8220;Reorganisation&#8221;) are all subject to
approval by the Members by way of a special resolution and at the general
meeting, a single special resolution will be proposed to approve the
Reorganisation.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*
Subject to Members&#8217; approval of this proposal, the Company will amend the ratio
between its American depositary shares (&#8220;ADSs&#8221;) and ordinary shares from one to
one (i.e., each ADS representing one ordinary share) to one to two (i.e., each
ADS representing two ordinary shares).&#160;&#160;Such change in ADS ratio is
intended to adjust for the dilution due to the bonus shares distribution and the
shares consolidation so that each ADS may represent an identical share in the
ordinary shares capital of the Company before and after the changes under this
proposal.&#160;&#160;As a result of the proposed ratio change, the number of
ADSs held will remain the same, and no action will be required by ADS holders.
</font></div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Board of Directors recommends a vote FOR this proposal.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">IV.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">TO
WAIVE AND DIS-APPLY ANY AND ALL PREEMPTIVE RIGHTS OF OFFERINGS RE CASH CAPITAL
INCREASE FOR DUAL LISTING ON THE TAIWAN STOCK EXCHANGE</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In order
to fulfill the need for the Company&#8217;s development of operation and also to meet
the Taiwan Stock Exchange&#8217;s listing requirement, the Board has approved the
proposal to do cash capital increase by issuing new shares at certain proper
time as the source be made available for public subscription prior to dual
listing on the Taiwan Stock Exchange (&#8220;Taiwan Listing Offering&#8221;).&#160;&#160;The
rights of Taiwan Listing Offering are all as same as the remaining ordinary
shares, and will be issued in dematerialization.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">It is
proposed to Members to approve by way of ordinary resolution: (i) to waive and
dis-apply any and all pre-emptive rights of all Members re Taiwan Listing
Offering under this proposal and under Article 8 of the Second Amended M&amp;A
(subject to it becoming effective) complying with article 28-1 of the ROC
Security Exchange Law, and to be made available for public subscription prior to
dual listing on the Taiwan Stock Exchange; (ii) to authorize the Board to make
the issuance price of the of Taiwan Listing Offering with the underwriter prior
to public subscription according to the market status and the way of
underwriting; (iii) to authorize the Board to decide the numbers of shares,
issuance price, issuance terms and conditions, cash capital raising amount,
usage plan and items for cash capital raised, expected schedule, expected
benefit results, record date of cash capital increase, payment terms of Taiwan
Listing Offering, and to deal with all other relative matter re Taiwan Listing
Offering; (iv) and proceed the matters as instructed by the governing
authorities or to adopt the necessary changes due to other circumstances
required for Taiwan Listing Offering and the proposal.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Board of Directors recommends a vote FOR this proposal.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">V.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">TO
RE-INSTATE THE EXISTING AMENDED AND RESTATED MEMORANDUM AND ARTICLES OF
ASSOCIATION OF THE COMPANY WHERE THE COMPANY ABORTS THE APPLICATION TO LIST ITS
SHARES ON THE TAIWAN STOCK EXCHANGE</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
described under section III above, the Board has approved the proposal to adopt
the Second Amended M&amp;A, subject to approval by the Members, for the purpose
of the listing of shares of the Company on the Taiwan Stock
Exchange.&#160;&#160;However, if for any reason that the Board determines not to
proceed with the listing application or the listing application is rejected by
the Taiwan Stock Exchange, the Board proposes to re-instate the memorandum and
articles of association of the Company to its existing form. <font style="DISPLAY: inline; COLOR: #000000">The Board has approved the adoption of
the third amended and restated memorandum and articles o</font><font style="DISPLAY: inline; COLOR: #000000">f association of the Company in the form
attached hereto (the &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Third
Amended M&amp;A&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">), subject
to approval by the Members by way of a special resolution and only </font><font style="DISPLAY: inline; COLOR: #000000">upon the conditions that the Second
Amended M&amp;A is then in effect and the application to list the</font><font style="DISPLAY: inline; COLOR: #000000"> shares of the Company on the Taiwan
Stock Exchange has been aborted or rejected</font>.&#160;&#160;&#160;&#160;The
Third Amended M&amp;A is identical to the memorandum and articles of association
of the Company in effect prior to the adoption of the Second Amended M&amp;A
except that:-</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">
              <tr valign="top">
                <td style="WIDTH: 36pt">
                </td>
                <td align="right" style="WIDTH: 27pt">
                  <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      authorised share capital of the Company is stated to be US$300,000,000
      divided into 1,000,000,000 shares of nominal value or par value of US$0.3
      each, reflecting the Increase of Authorised Share Capital and Share
      Consolidation as referred to in section III above that would have been
      implemented by then; and</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">
              <tr valign="top">
                <td style="WIDTH: 36pt">
                </td>
                <td align="right" style="WIDTH: 27pt">
                  <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      nominal or par value of the shares of the Company referred to in the Third
      Amended M&amp;A is US$0.3 each, reflecting the Share Consolidation that
      would have been implemented by
then.</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
proposal requires the approval of Members by way of a special
resolution.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">The Board of Directors recommends a
vote FOR this proposal.</font></font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">OTHER
MATTERS</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As of the
date of this Proxy Statement, Himax does not intend to present and has not been
informed that any other person intends to present any business not specified in
this Proxy Statement for action at the meeting.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Shareholders
are urged to sign the enclosed proxy form and to return it promptly and in any
event, not less than forty-eight (48) hours before the time appointed for
holding the meeting or adjourned meeting at which the person named in the
instrument proposes to vote or in the case of a poll taken subsequently to the
date of a meeting or adjourned meeting, not less than twenty-four (24) hours
before the time appointed for the taking of the poll and in default, the
instrument of proxy shall not be treated as valid.&#160;&#160;Proxies will be
voted in accordance with shareholders&#8217; directions. Signing the proxy form does
not affect a shareholder&#8217;s right to vote in person at the meeting, and the proxy
may be revoked prior to its exercise by appropriate notice to the undersigned.
If no directions are given, proxies will be voted for the (1) adoption of
Himax&#8217;s 2008 Audited Accounts and Financial Reports, (2) re-election of Dr.
Chun-Yen Chang as a Director and new election of Dr. Yan-Kuin Su and Mr.
Chih-Chung Tsai as new Directors of Himax, (3)&#160;&#160;approval
of&#160;&#160;the Reorganisation&#160;&#160;(4) wavier of any and all
pre-emptive rights of offerings re cash capital increase for dual listing on
Taiwan Stock Exchange; and (5) re-instatement of&#160;&#160;the existing
memorandum and articles of association of the Company except for certain changes
in the event that the Company does not or cannot proceed with its application to
list its shares on the Taiwan Stock Exchange.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
              <tr>
                <td align="left" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                <td align="left" colspan="3" valign="top" width="35%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Himax
      Technologies, Inc.</font></div>
                </td>
                <td align="left" valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                <td align="left" colspan="3" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                <td align="left" valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                <td align="left" valign="top" width="4%" style="PADDING-BOTTOM: 2px">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
                </td>
                <td align="left" colspan="2" valign="top" width="31%" style="BORDER-BOTTOM: #000000 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="jordan-sig.jpg" alt=""></div>
                </td>
                <td align="left" valign="top" width="15%" style="PADDING-BOTTOM: 2px">&#160;</td>
              </tr>
              <tr>
                <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;</font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="6%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Name:</font></div>
                </td>
                <td align="left" valign="top" width="25%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Jordan
      Wu</font></div>
                </td>
                <td align="left" valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;</font></td>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                <td align="left" valign="top" width="6%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title:</font></div>
                </td>
                <td align="left" valign="top" width="25%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
                </td>
                <td align="left" valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font style="FONT-WEIGHT: bold">Exhibit 99.3</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="page1">A</a></font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
COMPANIES LAW </font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXEMPTED
COMPANY LIMITED BY SHARES</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0101ff; TEXT-DECORATION: underline">SECOND
</font>AMENDED AND RESTATED</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MEMORANDUM
OF ASSOCIATION OF</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Himax
Technologies, Inc.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Adopted
by <font style="DISPLAY: inline; COLOR: #0101ff; TEXT-DECORATION: underline">way
of a special resolution passed on [August 7, 2009] and effective on [August
10,</font> <font style="DISPLAY: inline; COLOR: #0101ff; TEXT-DECORATION: underline">2009][</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; COLOR: #0101ff; FONT-STYLE: italic; TEXT-DECORATION: underline">subject
to completion of bonus issue and share consolidation</font><font style="DISPLAY: inline; COLOR: #0101ff; TEXT-DECORATION: underline">])</font><font style="DISPLAY: inline; COLOR: #0101ff; TEXT-DECORATION: line-through">special
resolution of the</font><font style="DISPLAY: inline; COLOR: #0101ff; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; COLOR: #0101ff; TEXT-DECORATION: line-through">sole
shareholder</font></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 135pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0101ff; TEXT-DECORATION: line-through">of the
Company dated 26 September, 2005</font>)</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">
              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
                  <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      name of the Company is Himax Technologies,
Inc..</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">
              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
                  <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Registered Office of the Company shall be at the offices of Codan Trust
      Company (Cayman) Limited, Century Yard, Cricket Square, Hutchins Drive,
      P.O. Box 2681 GT, George Town, Grand Cayman, British West
      Indies.</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">
              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
                  <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subject
      to the following provisions of this Memorandum, the objects for which the
      Company is established are
unrestricted.</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
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              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
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                </td>
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      to the following provisions of this Memorandum, the Company shall have and
      be capable of exercising all the functions of a natural person of full
      capacity irrespective of any question of corporate benefit, as provided by
      Section 27(2) of The Companies Law.</font></div>
                </td>
              </tr>
          </table>
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        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">
              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
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                </td>
                <td>
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      in this Memorandum shall permit the Company to carry on a business for
      which a licence is required under the laws of the Cayman Islands unless
      duly licensed.</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
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              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
                  <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company shall not trade in the Cayman Islands with any person, firm or
      corporation except in furtherance of the business of the Company carried
      on outside the Cayman Islands; provided that nothing in this clause shall
      be construed as to prevent the Company effecting and concluding contracts
      in the Cayman Islands, and exercising in the Cayman Islands all of its
      powers necessary for the carrying on of its business outside the Cayman
      Islands.</font></div>
                </td>
              </tr>
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        <div>
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              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
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                </td>
                <td>
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      liability of each member is limited to the amount from time to time unpaid
      on such member's shares.</font></div>
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                <td align="right" style="WIDTH: 36pt">
                  <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company may exercise the power contained in the Companies Law to
      deregister in the Cayman Islands and be registered by way of continuation
      in another jurisdiction.</font></div>
                </td>
              </tr>
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        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><a name="BM_1_" /></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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    <div>&#160;</div>
    <div>&#160;</div>
    <div style="TEXT-ALIGN: right"><font style="FONT-WEIGHT: bold">Exhibit
99.4</font></div>
    <div>&#160;</div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Companies Law (Revised)</font></div>
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Limited by Shares</font><br></div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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RESTATED</font></font></div>
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ASSOCIATION</font></font></div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">OF</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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Inc.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(Adopted by way of a special resolution
passed on </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">October
25, 2005</font><font style="DISPLAY: inline; COLOR: #0000ff">[August 6, 2009]
and ef</font><font style="DISPLAY: inline; COLOR: #0000ff">fective on [August
10, 2009][</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; COLOR: #0000ff; FONT-STYLE: italic">Note:
subject to completion date of bonus issue and share consolidation</font><font style="DISPLAY: inline; COLOR: #0000ff">]</font><font style="DISPLAY: inline; COLOR: #000000">)</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">I N D E
X</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div>&#160;</div>
        <div align="center">
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              <tr>
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="TEXT-DECORATION: underline">Article No.</font></font></td>
              </tr>
              <tr>
                <td width="80%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <tr>
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    A</font></td>
                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;1</font></td>
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              <tr>
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              <tr>
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;3</font></td>
              </tr>
              <tr>
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              </tr>
              <tr>
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              <tr>
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              <tr>
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">12-15</font></font><font style="DISPLAY: inline; COLOR: #0000ff">14-17</font></font></td>
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              <tr>
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              <tr>
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              <tr>
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              </tr>
              <tr>
                <td width="80%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Transfer Of
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              </tr>
              <tr>
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">52-54</font></font><font style="DISPLAY: inline; COLOR: #0000ff">56-58</font></font></td>
              </tr>
              <tr>
                <td width="80%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Untraceable
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">55</font></font><font style="DISPLAY: inline; COLOR: #0000ff">59</font></font></td>
              </tr>
              <tr>
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              </tr>
              <tr>
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              </tr>
              <tr>
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              </tr>
              <tr>
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              </tr>
              <tr>
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              </tr>
              <tr>
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              <tr>
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">84</font></font><font style="DISPLAY: inline; COLOR: #0000ff">97</font></font></td>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">89</font></font><font style="DISPLAY: inline; COLOR: #0000ff">103-104</font></font></td>
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              <tr>
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              <tr>
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">92-95</font></font><font style="DISPLAY: inline; COLOR: #0000ff">107-110</font></font></td>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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            </div>
          </div>
          <div id="HDR">
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        </div>
        <div>&#160;</div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
        </div>
        <div align="center">
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
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              <tr>
                <td width="80%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Winding
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              <tr>
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                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">167</font></font><font style="DISPLAY: inline; COLOR: #0000ff">182</font></font></td>
              </tr>
              <tr>
                <td width="80%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Amendment To
      Memorandum and Articles of Association And Name of Company</font></td>
                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">168</font></font><font style="DISPLAY: inline; COLOR: #0000ff">183</font></font></td>
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              <tr>
                <td width="80%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;Information</font></td>
                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; TEXT-DECORATION: line-through"><font color="#ff0000">169</font></font><font style="DISPLAY: inline; COLOR: #0000ff">184</font></font></td>
              </tr>
              <tr>
                <td width="80%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                <td width="20%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              </tr>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
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        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
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</font>

        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: underline">INTERPRETATION</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">TABLE
A</font></font></div>
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Schedule to the Companies Law</font><font style="DISPLAY: inline; COLOR: #000000"> (Revised) do not apply to the
Company.</font></font></div>
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otherwise requires, the words standing in the first column of the following
table shall bear the meaning set opposite them respectively in the second
colu</font><font style="DISPLAY: inline; COLOR: #000000">mn.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
      </div>
      <div>&#160;</div>
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="TEXT-DECORATION: underline">WORD</font></font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="TEXT-DECORATION: underline">MEANING</font></font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font color="#0000ff">2005 Long-Term Incentive Plan&#8221;</font></font></td>
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              <td width="73%">

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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">the laws of </font><font style="DISPLAY: inline; COLOR: #0000ff">ROC, the rules of the Designated
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">the audit committee of the Company
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              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">the
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">these Articles in their present
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              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Board&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> or &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Directors&#8221;</font></font></div>
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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">the board of directors of the
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              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">capital&#8221;</font></font></div>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">the share capital from time to
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              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">in relation to the
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              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">clearing
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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">a clearing house </font><font style="DISPLAY: inline; COLOR: #000000">or a depositary </font><font style="DISPLAY: inline; COLOR: #000000">recognised by the laws of the
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      <div>&#160;</div>
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        <div id="FTR">
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      <div>&#160;</div>
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            <tr>
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            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Company&#8221;</font></font></div>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">competent regulatory <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">authority&#8221;</font></font></font></font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">a competent regulatory authority
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              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font>

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">the
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              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">&#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Designated Stock
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">dollars&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> and &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">$&#8221;</font></font></div>
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            </tr>
            <tr>
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              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
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      grandparents, children and grandchildren of the person as well as
      spouse</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s </font><font style="DISPLAY: inline; COLOR: #0000ff">p</font><font style="DISPLAY: inline; COLOR: #0000ff">arents, siblings and
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            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">head
office&#8221;</font></font></div>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">such office of the Company as the
      Directors may from time to time determine to be the principal office of
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            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font><font style="DISPLAY: inline; COLOR: #0000ff">&#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Independent
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #0000ff; FONT-FAMILY: Times New Roman">as
      defined in NASD Rules or in Rule 10A-3 under the Exchange
      A</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #0000ff; FONT-FAMILY: Times New Roman">ct
      or in the Company Law of the ROC. </font></font></div>
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            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">&#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Joint Operation
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">a contract between the Company and
      one or more person(s) or entit(ies) where the parties to the contract
      agree to pursue the same business venture and jointly bear losses and
      enjoy profits </font><font style="DISPLAY: inline; COLOR: #0000ff">arising
      out of such business venture in accordance with the terms of such
      contract.&#160;&#160;&#160;&#160;</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font></font>Law&#8221;</div>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">The Companies Law, Cap. 22 (Law 3
      of 1961, as consolidated and revised) of the </font><font style="DISPLAY: inline; COLOR: #000000">Cayman Islands</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
              </td>
            </tr>
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      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font></div>
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            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div>&#160;</div>
      <div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">&#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Lease
    Contract&#8221;</font></font></div>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">a contract or arrangement between
      the Company an</font><font style="DISPLAY: inline; COLOR: #0000ff">d any
      other person(s) pursuant to which such person(s) lease or rent from the
      Company the necessary means and assets to operate a material or
      substantial part of the&#160;&#160;business of the Company in the name of
      such person and for the benefits of such person, </font><font style="DISPLAY: inline; COLOR: #0000ff">a</font><font style="DISPLAY: inline; COLOR: #0000ff">nd as consideration, the Company
      receives a pre-agreed compensation from such person.
    </font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">&#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Management
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">a contract or arrangement between
      the Company and any other person(s) pursuant to which such person(s)
      manage and operate the business of the Comp</font><font style="DISPLAY: inline; COLOR: #0000ff">any in the name of the Company and
      for the benefits of the Company, and as consideration, such person(s)
      receive a pre-agreed compensation while the Company continues to be
      entitled to the profits (or losses) of such
    business.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Member&#8221;</font></font></div>
              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">a </font></font>duly registered
      h<font style="DISPLAY: inline; COLOR: #000000">older from time to time of
      the shares in the capital of the Company.</font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">month&#8221;</font></font></div>
              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">a calendar
      month.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#8220;<font style="DISPLAY: inline; COLOR: #000000">NASD&#8221;</font>&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">National Association
      of Securities Dealers.</font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#8220;<font style="DISPLAY: inline; COLOR: #000000">NASD Rules&#8221;</font>&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">the rules set forth in the NASD
      Manual.</font></font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Notice&#8221;</font></font></div>
              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">written notice unless otherwise
      specifi</font><font style="DISPLAY: inline; COLOR: #000000">cally stated
      and as further defined in these Articles.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Office&#8221;</font></font></div>
              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">the registered office of the
      Company for the time being.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">ordinary
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              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">a&#160;resolution
      shall be an ordinary resolution when it has been passed by a<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">
      simple</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000"> majority of </font><font style="DISPLAY: inline; COLOR: #0000ff">more than one-hal</font><font style="DISPLAY: inline; COLOR: #0000ff">f of the&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000">votes cast by such Members as,
      being entitled so to do, vote in person or, in the case of any Member
      being a corporation, by its duly authorised representative or, where
      proxies are allowed, by proxy at a general meeting of which </font><font style="DISPLAY: inline; COLOR: #0000ff">the quorum is pr</font><font style="DISPLAY: inline; COLOR: #0000ff">esent and </font><font style="DISPLAY: inline; COLOR: #000000">not less than ten (10) clear
      days</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> Notice has been duly
      given;</font></font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">paid up&#8221;</font></font></div>
              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">paid up or credited as paid
      up.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Register&#8221;</font></font></div>
              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">the principal register and where
      applicable, any branch register of Members of the Company to be maintained
      at such place withi</font><font style="DISPLAY: inline; COLOR: #000000">n
      or outside the Cayman Islands as the Board shall determine from time to
      time.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div>&#160;</div>
      <div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font>

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Registration
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              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font>

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">in respect of any class of share
      capital such place as the Board may from time to time determine to keep a
      branch register of Members in respect of that </font><font style="DISPLAY: inline; COLOR: #000000">class of share capital and where
      (except in cases where the Board otherwise directs) the transfers or other
      documents of&#160;&#160;title for such class of share capital are to be
      lodged for registration and are to be
registered.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font>

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">&#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">ROC&#8221;</font></font></div>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font>

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff">the Republic of </font><font style="DISPLAY: inline; COLOR: #0000ff">China</font><font style="DISPLAY: inline; COLOR: #0000ff">.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#8220;<font style="DISPLAY: inline; COLOR: #000000">SEC</font><font style="DISPLAY: inline; COLOR: #000000">&#8221;</font>&#160;&#160;&#160;&#160;&#160;&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">the United States
      Securities and Exchange Commission.</font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Seal&#8221;</font></font></div>
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">common seal or any one or more
      duplicate seals of the Company (including a securities seal) for use in
      the Cayman Islands or in any place outside the Cayman
      Islands.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Secretary&#8221;</font></font></div>
              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">any perso</font><font style="DISPLAY: inline; COLOR: #000000">n, firm or corporation appointed
      by the Board to perform any of the duties of secretary of the Company and
      includes any assistant, deputy, temporary or acting
      secretary.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td valign="top" width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">special
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              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">a resolution shall be a special
      resolution when it has been pass</font><font style="DISPLAY: inline; COLOR: #000000">ed by a majority of not less than
      two-thirds of </font><font style="DISPLAY: inline; COLOR: #0000ff">the
      </font><font style="DISPLAY: inline; COLOR: #000000">votes cast by such
      Members as, being entitled so to do, vote in person or, in the case of
      such Members as are corporations, by their respective duly authorised
      representative or, where proxies are allowed</font><font style="DISPLAY: inline; COLOR: #000000">, by proxy at a general meeting of
      which </font><font style="DISPLAY: inline; COLOR: #0000ff">the quorum is
      present, and </font><font style="DISPLAY: inline; COLOR: #000000">not less
      than ten (10) clear days</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> Notice, specifying (without
      prejudice to the power contained in these Articles to amend the same) the
      intention to propose the resolution as a special re</font><font style="DISPLAY: inline; COLOR: #000000">solution, has been duly given.
      </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Provided that, except in the case
      of an annual general meeting, if it is so agreed by a majority in number
      of the Members having the right to attend and vote at any such meeting,
      being a majority together holding not less t</font><font style="DISPLAY: inline; COLOR: #000000">han ninety-five (95) per cent. in
      nominal value of the shares giving that right and in the case of an annual
      general meeting, if it is so agreed by all Members entitled to attend and
      vote thereat, a resolution may be proposed and passed as a special
      resol</font><font style="DISPLAY: inline; COLOR: #000000">u</font><font style="DISPLAY: inline; COLOR: #000000">tion at a meeting of which less
      than ten (10) clear days</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> Notice has been
      given;</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">a special resolution
      shall be effective for any purpose for which an ordinary resolution is
      expressed to be required under any provision of these Articles or the
      Statutes.</font></td>
            </tr>
        </table>
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      <div>&#160;</div>
      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div>&#160;</div>
      <div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="25%">

                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Statutes&#8221;</font></font></div>
              </td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">the Law and every other law of the
      Legislature of the </font><font style="DISPLAY: inline; COLOR: #000000">Cayman Islands</font><font style="DISPLAY: inline; COLOR: #000000"> for the time being in force
      applying to or affecting the Company, its Memorandum of Association and/or
      these Articles.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#8220;<font style="DISPLAY: inline; COLOR: #000000">year&#8221;</font></font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%">

                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #000000">a calendar
      year.</font></font></div>
              </td>
            </tr>
            <tr>
              <td width="25%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="2%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">In these Articles, unless </font><font style="DISPLAY: inline; COLOR: #000000">there be something within the subject or
context inconsistent with such construction:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">words importing the singular
      include the plural and vice
versa;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">words importing a gender include
      both gender and the neuter;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">words importing persons
      includ</font><font style="DISPLAY: inline; COLOR: #000000">e companies,
      associations and bodies of persons whether corporate or
      not;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">the words:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(i)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">may&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> shall be construed as
      permissive;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(ii)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">shall&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> or &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">will&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> shall be construed as
      imperative;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(e)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">expressions referring to writing
      shall, unless the contrar</font><font style="DISPLAY: inline; COLOR: #000000">y intention appears, be construed
      as including printing, lithography, photography and other modes of
      representing words or figures in a visible form</font><font style="DISPLAY: inline; COLOR: #000000">, and including where the
      representation takes the form of electronic display, provided that both
      the mode o</font><font style="DISPLAY: inline; COLOR: #000000">f service
      of the relevant document or notice and the Member</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s election comply with all
      applicable Statutes, rules and regulations</font><font style="DISPLAY: inline; COLOR: #000000">;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(f)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">references to any law, ordinance,
      statute or statutory provision shall be interpreted as relating to any
      statutory modif</font><font style="DISPLAY: inline; COLOR: #000000">ication or re-enactment thereof
      for the time being in force;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(g)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">save as aforesaid words and
      expressions defined in the Statutes shall bear the same meanings in these
      Articles if not inconsistent with the subject in the
      context;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(h)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">references to a docum</font><font style="DISPLAY: inline; COLOR: #000000">ent being executed include
      references to it being executed under hand or under seal or by electronic
      signature or by any other method and references to a notice or document
      include a notice or document recorded or stored in any digital,
      electronic, electr</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">cal, magnetic or other retrievable
      form or medium and information in visible form whether having physical
      substance or not.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(i)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">Section 8 of the Electronics
      Transactions Law (2003) of the Cayman Islands, as amended from time to
      time, shall not apply to th</font><font style="DISPLAY: inline; COLOR: #0000ff">ese Articles to the extent it
      </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt"><font color="#0000ff">imposes obligations or requirements in addition to those set out
in these Articles.</font><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">SHARE
CAPITAL</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The share capital of the Company at the
date on which these Articles come into effect shall be divided into shares
of</font><font style="DISPLAY: inline; COLOR: #000000"> a par value of
</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; COLOR: #000000">$</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">0.0001</font><font style="DISPLAY: inline; COLOR: #0000ff">0.3</font><font style="DISPLAY: inline; COLOR: #000000"> each.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to the Law, the
Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s Memorandum and Articles of Association
and, where applicable, the rules of the Designated Stock Exchange and/or any
competent regulatory authority, any power of the Company to purchase</font><font style="DISPLAY: inline; COLOR: #000000"> or otherwise acquire its own
shares</font><font style="DISPLAY: inline; COLOR: #0000ff">, including a
purchase of shares under Articles 65 and 66,</font><font style="DISPLAY: inline; COLOR: #000000"> shall be exercisable by the Board in
such manner, upon such terms and subject to such conditions as it thinks
fit</font><font style="DISPLAY: inline; COLOR: #0000ff"> and any determination
by the Board of the manne</font><font style="DISPLAY: inline; COLOR: #0000ff">r
of purchase shall be deemed authorised by these Articles for purposes of the
Law.&#160;&#160;The Company is hereby authorised to make payments in respect of
the purchase of its shares out of capital or out of any other account or fund
which can be authorised for </font><font style="DISPLAY: inline; COLOR: #0000ff">t</font><font style="DISPLAY: inline; COLOR: #0000ff">his purpose in accordance with the
Law.&#160;&#160;All issued shares purchased or acquired by the Company shall be
cancelled</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">No share shall be issued to
bearer.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">ALTERATION
OF CAPITAL</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The Company may from time to time
by </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">ordinary</font><font style="DISPLAY: inline; COLOR: #0000ff">special</font><font style="DISPLAY: inline; COLOR: #000000"> resolution in </font><font style="DISPLAY: inline; COLOR: #000000">accordance with the Law alter the
conditions of its Memorandum of Association to:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">increase its capital by such sum,
      to be divided into shares of such amounts, as the resolution shall
      prescribe;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">consolidate and divide all or any
      of its capital int</font><font style="DISPLAY: inline; COLOR: #000000">o
      shares of larger amount than its existing
  shares;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">without prejudice to the powers of
      the Board under Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">12,</font><font style="DISPLAY: inline; COLOR: #0000ff">14,</font><font style="DISPLAY: inline; COLOR: #000000"> divide its shares into several
      classes and without prejudice to any special rights previously conferred
      on the holders of existing sh</font><font style="DISPLAY: inline; COLOR: #000000">ares attach thereto respectively
      any preferential, deferred, qualified or special rights, privileges,
      conditions or such restrictions which in the absence of any such
      determination by the Company in general meeting, as the Directors may
      determine provided</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">always that, for the avoidance of
      doubt, where a class of shares has been authorized by the Company no
      resolution of the Company in general meeting is required for the issuance
      of shares of that class and the Directors may issue shares of that class
      and d</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">termine such rights, privileges,
      conditions or restrictions attaching thereto as aforesaid, and further
      provided that where the Company issues shares which do not carry voting
      rights, the words &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">non-</font><font style="DISPLAY: inline; COLOR: #000000">voting&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> shall appear in the designation
      of such shares a</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">d where the equity capital
      includes shares with different voting rights, the designation of each
      class of shares, other than those
</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div>&#160;</div>
      <div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt">with the most
favourable voting rights, must include the words &#8220;<font style="DISPLAY: inline; COLOR: #000000">restricted voting&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> or &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">limited voting&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">;</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">sub-divide its s</font><font style="DISPLAY: inline; COLOR: #000000">hares, or any of them, into shares
      of smaller amount than is fixed by the Memorandum of Association (subject,
      nevertheless, to the Law), and may by such resolution determine that, as
      between the holders of the shares resulting from such sub-division, one
      </font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">r more of the shares may have any
      such preferred, deferred or other rights or be subject to any such
      restrictions as compared with the other or others as the Company has power
      to attach to unissued or new
shares;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(e)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">cancel any shares which, at the
      date o</font><font style="DISPLAY: inline; COLOR: #000000">f the passing
      of the resolution, have not been taken, or agreed to be taken, by any
      person, and diminish the amount of its capital by the amount of the shares
      so cancelled or, in the case of shares, without par value, diminish the
      number of shares into wh</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">ch its capital is
      divided.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The Board may settle as it
considers expedient any difficulty which arises in relation to any consolidation
and division under the last preceding Article and in particular but without
prejudice to the generality of the foreg</font><font style="DISPLAY: inline; COLOR: #000000">oing may issue certificates in respect
of fractions of shares or arrange for the sale of the shares representing
fractions and the distribution of the net proceeds of sale (after deduction of
the expenses of such sale) in due proportion amongst the Member</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000"> who would have been entitled to the
fractions, and for this purpose the Board may authorise some person to transfer
the shares representing fractions to their purchaser or resolve that such net
proceeds be paid to the Company for the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s benefit.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000">S</font><font style="DISPLAY: inline; COLOR: #000000">uch purchaser will not be bound to see
to the application of the purchase money nor will his title to the shares be
affected by any irregularity or invalidity in the proceedings relating to the
sale.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The Company may from time to time
by special resolu</font><font style="DISPLAY: inline; COLOR: #000000">tion,
subject to any confirmation or consent required by the Law, reduce its share
capital or any capital redemption reserve or other undistributable reserve in
any manner permitted by law.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Except so far as otherwise
provided by the conditions of issu</font><font style="DISPLAY: inline; COLOR: #000000">e, or by these Articles, any capital
raised by the creation of new shares shall be treated as if it formed part of
the original capital of the Company, and such shares shall be subject to the
provisions contained in these Articles with reference to the pa</font><font style="DISPLAY: inline; COLOR: #000000">y</font><font style="DISPLAY: inline; COLOR: #000000">ment of calls and instalments, transfer
and transmission, forfeiture, lien, cancellation, surrender, voting and
otherwise.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #0000ff; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">PRE-EMPTIVE RIGHTS OF EXISTING
MEMBERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">The Company shall, when conducting
any share offerings other than issuance of shares re</font><font style="DISPLAY: inline; COLOR: #0000ff">sulting from or in connection with any
merger, consolidation, amalgamation, asset acquisition, group reorganisation,
share swap, share subdivision, exercise of share options, warrants or awards
granted to employees, conversion of convertible securities or</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">debt instruments, grant to the Members
pre-emptive rights to subscribe for new shares of the Company in proportion
respectively to their then shareholdings and advise the Members, by public
announcement in such manner as may be permitted by Applicable Law</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">and give notice to the Members, of their
pre-emptive rights, unless a general meeting has adopted an ordinary
</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
        <div>&#160;</div>
        <div>B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">resolution to vary or disapply the
application of this Article.&#160;&#160;The Board shall have the discretion to
determine if those Members with registere</font><font style="DISPLAY: inline; COLOR: #0000ff">d</font><font style="DISPLAY: inline; COLOR: #0000ff"> addresses outside the ROC should be
entitled to such pre-emptive rights or participate in such share
offerings.&#160;&#160;The Company shall include in its notice to the Members an
explanation relating to the share offering and the procedures as to how their
pre-e</font><font style="DISPLAY: inline; COLOR: #0000ff">m</font><font style="DISPLAY: inline; COLOR: #0000ff">ptive rights may be exercised, and shall
specify the terms and conditions (as determined by the Board in its absolute
discretion) in accordance with which the Members may exercise their pre-emptive
rights.&#160;&#160;A Member is deemed to have waived its pre-emptiv</font><font style="DISPLAY: inline; COLOR: #0000ff">e</font><font style="DISPLAY: inline; COLOR: #0000ff"> right if such Member fails to exercise
its pre-emptive rights in accordance with the terms and conditions set out in
the notice of the Company. Where an exercise of the pre-emptive rights may
result in fractional entitlement, the fractional entitlements </font><font style="DISPLAY: inline; COLOR: #0000ff">o</font><font style="DISPLAY: inline; COLOR: #0000ff">f two or more Members&#160;&#160;may be
combined to jointly subscribe for one or more whole new shares or for
subscription of whole new shares in the name of a single Member, subject to
compliance with such directions and terms and conditions as determined by the
B</font><font style="DISPLAY: inline; COLOR: #0000ff">o</font><font style="DISPLAY: inline; COLOR: #0000ff">ard.&#160;&#160;Any share not taken up
in the share offering may be offered by the Company to the public or for
subscription by designated person(s). </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">When the Company conducts a share
offering other than issuance of shares resulting from or in connection with
</font><font style="DISPLAY: inline; COLOR: #0000ff">any merger, consolidation,
amalgamation, asset acquisition, group reorganisation, share swap, share
subdivision, exercise of share options, warrants or awards granted to employees,
conversion of convertible securities or debt instruments within the ROC
in</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">accordance with the ROC Securities
Exchange Act and the ROC Regulations Governing the Offering and Issuance of
Securities by Foreign Securities Issuers, unless the ROC competent authority
deems the public offering of the new shares unnecessary or inapprop</font><font style="DISPLAY: inline; COLOR: #0000ff">r</font><font style="DISPLAY: inline; COLOR: #0000ff">iate, ten percent (10%) or such greater
percentage resolved by the Members at a general meeting (if any) of the total
number of new shares to be issued shall be made available for public
subscription within the ROC in accordance with the applicable ROC la</font><font style="DISPLAY: inline; COLOR: #0000ff">w</font><font style="DISPLAY: inline; COLOR: #0000ff">s.&#160;&#160;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">SHARE
RIGHTS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">8.</font><font style="DISPLAY: inline; COLOR: #0000ff">10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Subject to the provisions of the
Law, the rules of the Designated Stock Exchange and the Memorandum and Articles
of Association and to any special rights conferred on the holders of any shares
or class of shares, and without pr</font><font style="DISPLAY: inline; COLOR: #000000">ejudice to Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">12</font><font style="DISPLAY: inline; COLOR: #0000ff">14</font><font style="DISPLAY: inline; COLOR: #000000"> hereof, any share in the Company
(whether forming part of the present capital or not) may be issued with or have
attached thereto such rights or restrictions whether in regard to dividend,
voting, return of capital or otherwise as t</font><font style="DISPLAY: inline; COLOR: #000000">he Board may determine, including
without limitation on terms that they may be, or at the option of the Company or
the holder are, liable to be redeemed on such terms and in such manner,
including out of capital, as the Board may deem fit.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">9.</font><font style="DISPLAY: inline; COLOR: #0000ff">11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Subject </font><font style="DISPLAY: inline; COLOR: #000000">to the Law, any preferred shares may be
issued or converted into shares that, at a determinable date or at the option of
the Company or the holder if so authorised by its Memorandum of Association, are
liable to be redeemed on such terms and in such manne</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000"> as the Company before the issue or
conversion may by ordinary resolution of the Members determine.&#160;&#160;Where
the Company purchases for redemption a redeemable share, purchases not made
through the market or by tender shall be limited to a maximum price as
m</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">y from time to time be determined by the
Board, either generally or with regard to specific purchases.&#160;&#160;If
purchases are by tender, tenders shall comply with applicable
laws.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
        <div>&#160;</div>
        <div>B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">VARIATION OF
RIGHTS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">10.</font><font style="DISPLAY: inline; COLOR: #0000ff">12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Subject to the Law and without
prejudice to Artic</font><font style="DISPLAY: inline; COLOR: #000000">le
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">8,</font><font style="DISPLAY: inline; COLOR: #0000ff">10,</font><font style="DISPLAY: inline; COLOR: #000000"> all or any of the special rights for
the time being attached to the shares or any class of shares may, unless
otherwise provided by the terms of issue of the shares of that class, from time
to time (whether or not the Company is being wound up) be</font><font style="DISPLAY: inline; COLOR: #000000"> varied, modified or abrogated with the
sanction of a special resolution passed at a separate general meeting of the
holders of the shares of that class.&#160;&#160;To every such separate general
meeting all the provisions of these Articles relating to general
meet</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">ngs of the Company shall, mutatis
mutandis, apply, but so that:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the necessary quorum (whether at a
      separate general meeting or at its adjourned meeting) shall be a person or
      persons (or in the case of a Member being a corporation, its duly
      authorize</font><font style="DISPLAY: inline; COLOR: #000000">d
      representative) together holding or representing by proxy </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">not
      less</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">more</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">than one</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">-</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">third</font><font style="DISPLAY: inline; COLOR: #0000ff">-half</font><font style="DISPLAY: inline; COLOR: #000000"> in nominal value of the issued
      shares of that class;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">every holder of shares of the
      class shall be entitled on a poll to one vote for every such share held
      by</font><font style="DISPLAY: inline; COLOR: #000000"> him;
      and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">any holder of shares of the class
      present in person or by proxy or authorised representative&#160;&#160;may
      demand a poll.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">11.</font><font style="DISPLAY: inline; COLOR: #0000ff">13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The special rights conferred upon
the holders of any shares or class of shares shall not, unless otherwise
expressly pr</font><font style="DISPLAY: inline; COLOR: #000000">ovided in the
rights attaching to or the terms of issue of such shares, be deemed to be
varied, modified or abrogated by the creation or issue of further shares ranking
pari passu therewith.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">SHARES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">12.</font><font style="DISPLAY: inline; COLOR: #0000ff">14.</font>&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">the</font><font style="DISPLAY: inline; COLOR: #0000ff">Applicable</font><font style="DISPLAY: inline; COLOR: #000000"> Law</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">,</font><font style="DISPLAY: inline; COLOR: #000000"> these Article</font><font style="DISPLAY: inline; COLOR: #000000">s and</font>
<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">, where
applicable, the rules of the Designated Stock Exchange</font><font style="DISPLAY: inline; COLOR: #0000ff"> any direction made by the Members at a
general meeting</font><font style="DISPLAY: inline; COLOR: #000000"> and without
prejudice to any special rights or restrictions for the time being attached to
any shares or any class of shares, the uni</font><font style="DISPLAY: inline; COLOR: #000000">ssued shares of the Company (whether
forming part of the original or any increased capital</font><font style="DISPLAY: inline; COLOR: #0000ff"> and including fraction
shares</font><font style="DISPLAY: inline; COLOR: #000000">) shall be at the
disposal of the Board, which may offer, allot, grant options over or otherwise
dispose of them to such persons, at suc</font><font style="DISPLAY: inline; COLOR: #000000">h times and for such consideration and
upon such terms and conditions as the Board may in its absolute discretion
determine but so that no shares shall be issued at a discount</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">.&#160;&#160;In
particular and without</font><font style="DISPLAY: inline; COLOR: #00c000; TEXT-DECORATION: line-through">
prejudice to the generality of the foregoing, </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">the
Bo</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">ard is
hereby empowered to authorize by resolution or resolutions from time to
time</font><font style="DISPLAY: inline; COLOR: #0000ff"> PROVIDED THAT approval
by the Members by way of a special resolution is required to authorize and
approve</font><font style="DISPLAY: inline; COLOR: #000000"> the issuance of one
or more classes or series of preferred shares </font><font style="DISPLAY: inline; COLOR: #000000">and to fix the designations, powers,
preferences and relative, participating, optional and other rights, if any, and
the qualifications, limitations and restrictions thereof, if any, including,
without limitation, the number of shares constituting each su</font><font style="DISPLAY: inline; COLOR: #000000">c</font><font style="DISPLAY: inline; COLOR: #000000">h class or series, dividend rights,
conversion rights, redemption privileges, voting powers, full or limited or no
voting powers, and liquidation </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">preferences, and to increase or decrease
the size of any such class or series (but not below the number of sh</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">res of any class or series of preferred
shares then outstanding) to the extent permitted by </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Law</font><font style="DISPLAY: inline; COLOR: #0000ff">Applicable Law, and the Memorandum and
these Articles shall be amended with the sanction of a special resolution to
stipulate the rights, benefits and restrictio</font><font style="DISPLAY: inline; COLOR: #0000ff">ns of such preferred shares and the
authorised number of the preferred shares</font><font style="DISPLAY: inline; COLOR: #000000">.&#160;&#160;Without limiting the
generality of the foregoing, the resolution or resolutions providing for the
establishment of any class or series of preferred shares may, to the extent
pe</font><font style="DISPLAY: inline; COLOR: #000000">rmitted by law, provide
that such class or series shall be superior to, rank equally with or be junior
to the preferred shares of any other class or series.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Neither the Company nor the Board
shall be obliged, when making or granting any allotment of,</font><font style="DISPLAY: inline; COLOR: #000000"> offer of, option over or disposal of
shares, to make, or make available, any such allotment, offer, option or shares
to Members or others with registered addresses in any particular territory or
territories being a territory or territories where, in the </font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">bsence of a registration statement or
other special formalities, this would or might, in the opinion of the Board, be
unlawful or impracticable.&#160;&#160;Members affected as a result of the
foregoing sentence shall not be, or be deemed to be, a separate class of
</font><font style="DISPLAY: inline; COLOR: #000000">m</font><font style="DISPLAY: inline; COLOR: #000000">embers for any purpose
whatsoever.&#160;&#160;Except as otherwise expressly provided in the resolution
or resolutions providing for the establishment of any class or series of
preferred shares, no vote of the holders of preferred shares of or ordinary
shares shall </font><font style="DISPLAY: inline; COLOR: #000000">b</font><font style="DISPLAY: inline; COLOR: #000000">e a prerequisite to the issuance of any
shares of any class or series of the preferred shares authorized by and
complying with the conditions of the Memorandum and Articles of
Association.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The</font><font style="DISPLAY: inline; COLOR: #0000ff">Subject to Applicable Law,
the</font><font style="DISPLAY: inline; COLOR: #000000"> Board may issue
options, wa</font><font style="DISPLAY: inline; COLOR: #000000">rrants or
convertible securities or securities of similar nature conferring the right upon
the holders thereof to subscribe for, purchase or receive any class of shares or
securities in the capital of the Company on such terms as it may from time to
time </font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000">etermine.</font><font style="DISPLAY: inline; COLOR: #0000ff"> The Board may issue employee share
subscription warrants pursuant to the 2005 Long-Term Incentive Plan, as
recommended by the Board and approved by the Members on 25 October, 2005, and as
amended, revised and modified from time to time by the com</font><font style="DISPLAY: inline; COLOR: #0000ff">pensation committee of the Board (if
any) or a sub-committee thereof, or any other committee designated by the Board
to administer employee share subscription plan. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">13.</font><font style="DISPLAY: inline; COLOR: #0000ff">15.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The Company may in connection with
the issue of any shares exercise all powers of</font><font style="DISPLAY: inline; COLOR: #000000"> paying commission and brokerage
conferred or permitted by the Law.&#160;&#160;Subject to the Law, the commission
may be satisfied by the payment of cash or by the allotment of fully or partly
paid shares or partly in one and partly in the other.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">14.</font><font style="DISPLAY: inline; COLOR: #0000ff">16.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Except as</font><font style="DISPLAY: inline; COLOR: #000000"> required by law, no person shall be
recognised by the Company as holding any share upon any trust and the Company
shall not be bound by or required in any way to recognise (even when having
notice thereof) any equitable, contingent, future or partial int</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">rest in any share or any fractional part
of a share or (except only as otherwise provided by these Articles or by law)
any other rights in respect of any share except an absolute right to the
entirety thereof in the registered holder.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">15.</font><font style="DISPLAY: inline; COLOR: #0000ff">17.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Subject to t</font><font style="DISPLAY: inline; COLOR: #000000">he Law and these Articles, the Board may
at any time after the allotment of shares but before any person has been entered
in the Register as the holder, recognise a renunciation thereof by the allottee
in favour of some other person and may accord </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br><br>to any <font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">llottee of a share a right to effect
such renunciation upon and subject to such terms and conditions as the Board
considers fit to impose.</font></div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">SHARE
CERTIFICATES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.9pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">18.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">The Company shall, within thirty
(30) days from the date that the name of Member is enter</font><font style="DISPLAY: inline; COLOR: #0000ff">ed in the Register of Members in respect
of such shares acquired by such Member, issue share certificates in accordance
with these Articles and deliver the share certificates to the
Members.&#160;&#160;The Company shall publicly announce in the manner permitted
by </font><font style="DISPLAY: inline; COLOR: #0000ff">A</font><font style="DISPLAY: inline; COLOR: #0000ff">pplicable Law the time and procedure for
Members to collect the share certificates. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">16.</font><font style="DISPLAY: inline; COLOR: #0000ff">19.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Every share certificate shall be
issued under the Seal or a facsimile thereof and shall specify the number and
class and distinguishing numbers (if any) of the sh</font><font style="DISPLAY: inline; COLOR: #000000">ares to which it relates, and the amount
paid up thereon and may otherwise be in such form as the Directors may from time
to time determine.&#160;&#160;No certificate shall be issued representing shares
of more than one class.&#160;&#160;The Board may by resolution
determine</font><font style="DISPLAY: inline; COLOR: #000000">,</font><font style="DISPLAY: inline; COLOR: #000000"> either generally or in any particular
case or cases, that any signatures on any such certificates (or certificates in
respect of other securities) need not be autographic but may be affixed to such
certificates by some mechanical means or may be printed </font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">hereon.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">17.</font><font style="DISPLAY: inline; COLOR: #0000ff">20.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">In the case of a share held
jointly by several persons, the Company shall not be bound to issue more than
one certificate therefor and delivery of a certificate to one of several joint
holders shall be sufficient delivery to all such ho</font><font style="DISPLAY: inline; COLOR: #000000">lders.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Where a share stands in the names
of two or more persons, the person first named in the Register shall as regards
service of notices and, subject to the provisions of these Articles, all or any
other matters connected with the Company, except t</font><font style="DISPLAY: inline; COLOR: #000000">he transfer of the shares, be deemed the
sole holder thereof.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">18.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The
Company may, but</font><font style="DISPLAY: inline; COLOR: #0000ff">21.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Subject to Article 18, every person
whose name is entered, upon an allotment of shares, as a Member in the
Register</font><font style="DISPLAY: inline; COLOR: #000000"> shall </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">not be
obliged to, issue,</font><font style="DISPLAY: inline; COLOR: #0000ff">be
entitled</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">with</font><font style="DISPLAY: inline; COLOR: #000000">out payment, </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">a
share</font><font style="DISPLAY: inline; COLOR: #0000ff">to receive
one</font><font style="DISPLAY: inline; COLOR: #000000"> certificate for all
</font><font style="DISPLAY: inline; COLOR: #0000ff">such </font><font style="DISPLAY: inline; COLOR: #000000">shares of any one class </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">allotted
and issued </font><font style="DISPLAY: inline; COLOR: #000000">or several
certificates each for one or more of such shares of such class upon payment for
every certificate after the first of such reasonable out-of-p</font><font style="DISPLAY: inline; COLOR: #000000">ocket expenses as the Board from time to
time determines.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">19.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">If
share certificates are required by the Designted Stock Exchange to be issued,
they shall be issued within the relevant time limit as as the Designated Stock
Exchange may from time to time </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">determine,
after allotment or, except in the case of a transfer which the Company is for
the time being entitled to refuse to register and does not register, after
lodgment of a transfer with the Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">20.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">(1)</font><font style="DISPLAY: inline; COLOR: #0000ff">22.&#160;</font>&#160;&#160;&#160; <font style="DISPLAY: inline; COLOR: #000000">Upon every transfer of shares the
cert</font><font style="DISPLAY: inline; COLOR: #000000">ificate held by the
transferor shall be given up to be cancelled, and shall forthwith be cancelled
accordingly, and a new certificate shall be issued to the transferee in respect
of the shares transferred to him at such fee as is provided in </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">paragraph
(2) </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">of this
</font><font style="DISPLAY: inline; COLOR: #000000">Article</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">.</font><font style="DISPLAY: inline; COLOR: #0000ff"> 23.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;If any of the shares
included in the certificate so given up </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">shall be retained by the transferor a
new certificate for the balance shall be issued to him at the aforesaid fee
payable by the transferor to the Company in respect thereof</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">(2)</font><font style="DISPLAY: inline; COLOR: #0000ff">23&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The fee referred to in
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">paragraph
(1)</font><font style="DISPLAY: inline; COLOR: #0000ff">Article 22</font><font style="DISPLAY: inline; COLOR: #000000"> above shall be an amount not exceeding
the relevant maximum amount as the Designated Stock Exchange </font><font style="DISPLAY: inline; COLOR: #0000ff">or Applicable Law </font><font style="DISPLAY: inline; COLOR: #000000">may from time to time determine provided
that the Board may at any time determine</font><font style="DISPLAY: inline; COLOR: #000000"> a lower amount for such
fee.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">21.</font><font style="DISPLAY: inline; COLOR: #0000ff">24.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">If a share certificate shall be
damaged or defaced or alleged to have been lost, stolen or destroyed a new
certificate representing the same shares may be issued to the relevant Member
upon request and on payment of s</font><font style="DISPLAY: inline; COLOR: #000000">uch fee as the Company may determine
and, subject to compliance with such terms (if any) as to evidence and indemnity
and to payment of the costs and reasonable out-of-pocket expenses of the Company
in investigating such evidence and preparing such indemn</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">ty as the Board may think fit and, in
case of damage or defacement, on delivery of the old certificate to the Company
provided always that where share warrants have been issued, no new share warrant
shall be issued to replace one that has been lost unless</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">the Board has determined that the
original has been destroyed.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">LIEN</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">22.</font><font style="DISPLAY: inline; COLOR: #0000ff">25.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The Company shall have a first and
paramount lien on every share (not being a fully paid share) for all moneys
(whether presently payable or not) called or payable at a fixed t</font><font style="DISPLAY: inline; COLOR: #000000">ime in respect of that
share.&#160;&#160;The Company shall also have a first and paramount lien on
every share (not being a fully paid share) registered in the name of a Member
(whether or not jointly with other Members) for all amounts of money presently
payable b</font><font style="DISPLAY: inline; COLOR: #000000">y</font><font style="DISPLAY: inline; COLOR: #000000"> such Member or his estate to the
Company whether the same shall have been incurred before or after notice to the
Company of any equitable or other interest of any person other than such member,
and whether the period for the payment or discharge of the s</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">me shall have actually arrived or not,
and notwithstanding that the same are joint debts or liabilities of such Member
or his estate and any other person, whether a Member of the Company or
not.&#160;&#160;The Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s lien on a share shall extend to all
dividends</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">or other moneys payable thereon or in
respect thereof.&#160;&#160;The Board may at any time, generally or in any
particular case, waive any lien that has arisen or declare any share exempt in
whole or in part, from the provisions of this Article.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">23.</font><font style="DISPLAY: inline; COLOR: #0000ff">26.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Subject to</font><font style="DISPLAY: inline; COLOR: #000000"> these Articles, the Company may sell in
such manner as the Board determines any share on which the Company has a lien,
but no sale shall be made unless some sum in respect of which the lien exists is
presently payable, or the liability or engagement in r</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">spect of which such lien exists is
liable to be presently fulfilled or discharged nor until the expiration of
fourteen (14) clear days after a notice in writing, stating and demanding
payment of the sum presently payable, or specifying the liability or
en</font><font style="DISPLAY: inline; COLOR: #000000">g</font><font style="DISPLAY: inline; COLOR: #000000">agement and demanding fulfilment or
discharge thereof and giving notice of the intention to sell in default, has
been served on the registered holder for the time being of the share or the
person entitled thereto by reason of his death or
bankruptcy.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">24.</font><font style="DISPLAY: inline; COLOR: #0000ff">2</font><font style="DISPLAY: inline; COLOR: #0000ff">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The net proceeds of the sale shall
be received by the Company and applied in or towards payment or discharge of the
debt or liability in respect of which the lien exists, so far as the same is
presently payable, and any residue shall (subject to a like</font><font style="DISPLAY: inline; COLOR: #000000"> lien for debts or liabilities
</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">not presently payable as existed upon
the share prior to the sale) be paid to the person entitled to the share at the
time of the sale.&#160;&#160;To give effect to any such sale the Board may
authorise some person to transfer the sha</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">es sold to the purchaser
thereof.&#160;&#160;The purchaser shall be registered as the holder of the
shares so transferred and he shall not be bound to see to the application of the
purchase money, nor shall his title to the shares be affected by any
irregularity or</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">invalidity in the proceedings relating
to the sale.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">CALLS ON
SHARES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">25.</font><font style="DISPLAY: inline; COLOR: #0000ff">28.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Subject to these Articles and to
the terms of allotment, the Board may from time to time make calls upon the
Members in respect of any moneys unpaid on their shares (whether on</font><font style="DISPLAY: inline; COLOR: #000000"> account of the nominal value of the
shares or by way of premium), and each Member shall (subject to being given at
least fourteen (14) clear days</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> Notice specifying the time and place of
payment) pay to the Company as required by such notice the amount c</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">lled on his shares.&#160;&#160;A call
may be extended, postponed or revoked in whole or in part as the Board
determines but no member shall be entitled to any such extension, postponement
or revocation except as a matter of grace and favour.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">26.</font><font style="DISPLAY: inline; COLOR: #0000ff">29.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">A call shall be</font><font style="DISPLAY: inline; COLOR: #000000"> deemed to have been made at the time
when the resolution of the Board authorising the call was passed and may be made
payable either in one lump sum or by instalments.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">27.</font><font style="DISPLAY: inline; COLOR: #0000ff">30.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">A person upon whom a call is made
shall remain liable for calls made upon him </font><font style="DISPLAY: inline; COLOR: #000000">notwithstanding the subsequent transfer
of the shares in respect of which the call was made.&#160;&#160;The joint
holders of a share shall be jointly and severally liable to pay all calls and
instalments due in respect thereof or other moneys due in respect
thereof</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">28.</font><font style="DISPLAY: inline; COLOR: #0000ff">31.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">If a sum called in respect of a
share is not paid before or on the day appointed for payment thereof, the person
from whom the sum is due shall pay interest on the amount unpaid from the day
appointed for payment thereof to the time of actual pay</font><font style="DISPLAY: inline; COLOR: #000000">ment at such rate (not exceeding twenty
per cent. (20%) per annum) as the Board may determine, but the Board may in its
absolute discretion waive payment of such interest wholly or in
part.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">29.</font><font style="DISPLAY: inline; COLOR: #0000ff">32.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">No Member shall be entitled to
receive any dividend or bo</font><font style="DISPLAY: inline; COLOR: #000000">nus or to be present and vote (save as
proxy for another Member) at any general meeting either personally or by proxy,
or be reckoned in a quorum, or exercise any other privilege as a Member until
all calls or instalments due by him to the Company, whethe</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000"> alone or jointly with any other person,
together with interest and expenses (if any) shall have been
paid.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">30.</font><font style="DISPLAY: inline; COLOR: #0000ff">33.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #000000">On the trial or hearing of
any action or other proceedings for the recovery of any money due for any call,
it shall be sufficient to prove</font><font style="DISPLAY: inline; COLOR: #000000"> that the name of the Member sued is
entered in the Register as the holder, or one of the holders, of the shares in
respect of which such debt accrued, that the resolution making the call is duly
recorded in the minute book, and that notice of such call w</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">s duly given to the Member sued, in
pursuance of these Articles; and it shall not be necessary to prove the
appointment of the Directors who made such call, nor any other matters
whatsoever, but the proof of the matters aforesaid shall be conclusive
evide</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">ce of the debt.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">13</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">31.</font><font style="DISPLAY: inline; COLOR: #0000ff">34.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Any amount payable in respect of a
share upon allotment or at any fixed date, whether in respect of nominal value
or premium or as an instalment of a call, shall be deemed to be a call duly made
and payable on the date fixed for pa</font><font style="DISPLAY: inline; COLOR: #000000">yment and if it is not paid the
provisions of these Articles shall apply as if that amount had become due and
payable by virtue of a call duly made and notified.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">32.</font><font style="DISPLAY: inline; COLOR: #0000ff">35.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">On the issue of shares the Board may
differentiate between the allottees or holders a</font><font style="DISPLAY: inline; COLOR: #000000">s to the amount of calls to be paid and
the times of payment.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">33.</font><font style="DISPLAY: inline; COLOR: #0000ff">36.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The Board may, if it thinks fit,
receive from any Member willing to advance the same, and either in money or
money</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s worth, all or any part of the moneys
uncalled and unpaid or instalme</font><font style="DISPLAY: inline; COLOR: #000000">nts payable upon any shares held by him
and upon all or any of the moneys so advanced (until the same would, but for
such advance, become presently payable) pay interest at such rate (if any) as
the Board may decide.&#160;&#160;The Board may at any time repay the
a</font><font style="DISPLAY: inline; COLOR: #000000">m</font><font style="DISPLAY: inline; COLOR: #000000">ount so advanced upon giving to such
Member not less than one month</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s Notice of its intention in that
behalf, unless before the expiration of such notice the amount so advanced shall
have been called up on the shares in respect of which it was
advanced.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000">S</font><font style="DISPLAY: inline; COLOR: #000000">uch payment in advance shall not entitle
the holder of such share or shares to participate in respect thereof in a
dividend subsequently declared.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">FORFEITURE
OF SHARES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">34.</font><font style="DISPLAY: inline; COLOR: #0000ff">37.</font>&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If a call remains unpaid after it has
become due and payable the Board ma</font><font style="DISPLAY: inline; COLOR: #000000">y give to the person from whom it is due
not less than fourteen (14) clear days</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> Notice:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">requiring payment of the amount
      unpaid together with any interest which may have accrued and which may
      still accrue up to the date of actual payment;
  and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">sta</font><font style="DISPLAY: inline; COLOR: #000000">ting that if the Notice is not
      complied with the shares on which the call was made will be liable to be
      forfeited.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If the requirements of any such Notice
are not complied with, any share in respect of which such Notice has been given
may at any time t</font><font style="DISPLAY: inline; COLOR: #000000">hereafter,
before payment of all calls and interest due in respect thereof has been made,
be forfeited by a resolution of the Board to that effect, and such forfeiture
shall include all dividends and bonuses declared in respect of the forfeited
share but </font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">ot actually paid before the
forfeiture.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">35.</font><font style="DISPLAY: inline; COLOR: #0000ff">38.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">When any share has been forfeited,
notice of the forfeiture shall be served upon the person who was before
forfeiture the holder of the share.&#160;&#160;No forfeiture shall be
invalidated by any omission or neglect </font><font style="DISPLAY: inline; COLOR: #000000">to give such Notice.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">36.</font><font style="DISPLAY: inline; COLOR: #0000ff">39.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The Board may accept the surrender
of any share liable to be forfeited hereunder and, in such case, references in
these Articles to forfeiture will include surrender.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">37.</font><font style="DISPLAY: inline; COLOR: #0000ff">40.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Any share so forfeited shall be
deemed the propert</font><font style="DISPLAY: inline; COLOR: #000000">y of the
Company and may be sold, re-allotted or otherwise disposed of to such person,
upon such terms and in such manner </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">14</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">as the Board determines, and at any time
before a sale, re-allotment or disposition the forfeiture may be annulled by the
Board on su</font><font style="DISPLAY: inline; COLOR: #000000">c</font><font style="DISPLAY: inline; COLOR: #000000">h terms as the Board
determines.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">38.</font><font style="DISPLAY: inline; COLOR: #0000ff">41.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">A person whose shares have been
forfeited shall cease to be a Member in respect of the forfeited shares but
nevertheless shall remain liable to pay the Company all moneys which at the date
of forfeiture were presen</font><font style="DISPLAY: inline; COLOR: #000000">tly payable by him to the Company in
respect of the shares, with (if the Directors shall in their discretion so
require) interest thereon from the date of forfeiture until payment at such rate
(not exceeding twenty per cent. (20%) per annum) as the Board </font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000">etermines.&#160;&#160;The Board may
enforce payment thereof if it thinks fit, and without any deduction or allowance
for the value of the forfeited shares, at the date of forfeiture, but his
liability shall cease if and when the Company shall have received payment
</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">n full of all such moneys in respect of
the shares.&#160;&#160;For the purposes of this Article any sum which, by the
terms of issue of a share, is payable thereon at a fixed time which is
subsequent to the date of forfeiture, whether on account of the nominal
valu</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> of the share or by way of premium,
shall notwithstanding that time has not yet arrived be deemed to be payable at
the date of forfeiture, and the same shall become due and payable immediately
upon the forfeiture, but interest thereon shall only be payabl</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> in respect of any period between the
said fixed time and the date of actual payment.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">39.</font><font style="DISPLAY: inline; COLOR: #0000ff">42.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #000000">A declaration by a Director
or the Secretary that a share has been forfeited on a specified date shall be
conclusive evidence of the facts therein stated as agai</font><font style="DISPLAY: inline; COLOR: #000000">nst all persons claiming to be entitled
to the share, and such declaration shall (subject to the execution of an
instrument of transfer by the Company if necessary) constitute a good title to
the share, and the person to whom the share is disposed of shal</font><font style="DISPLAY: inline; COLOR: #000000">l</font><font style="DISPLAY: inline; COLOR: #000000"> be registered as the holder of the
share and shall not be bound to see to the application of the consideration (if
any), nor shall his title to the share be affected by any irregularity in or
invalidity of the proceedings in reference to the forfeiture, </font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">ale or disposal of the
share.&#160;&#160;When any share shall have been forfeited, notice of the
declaration shall be given to the Member in whose name it stood immediately
prior to the forfeiture, and an entry of the forfeiture, with the date thereof,
shall forthw</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">th be made in the register, but no
forfeiture shall be in any manner invalidated by any omission or neglect to give
such notice or make any such entry.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">40.</font><font style="DISPLAY: inline; COLOR: #0000ff">43.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Notwithstanding any such
forfeiture as aforesaid the Board may at any time, before any shares
s</font><font style="DISPLAY: inline; COLOR: #000000">o forfeited shall have
been sold, re-allotted or otherwise disposed of, permit the shares forfeited to
be bought back upon the terms of payment of all calls and interest due upon and
expenses incurred in respect of the share, and upon such further terms
(</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">f any) as it thinks
fit.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">41.</font><font style="DISPLAY: inline; COLOR: #0000ff">44.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The forfeiture of a share shall
not prejudice the right of the Company to any call already made or instalment
payable thereon.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">42.</font><font style="DISPLAY: inline; COLOR: #0000ff">45.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The provisions of these Articles
as to forfeiture shall apply in the case of non-paym</font><font style="DISPLAY: inline; COLOR: #000000">ent of any sum which, by the terms of
issue of a share, becomes payable at a fixed time, whether on account of the
nominal value of the share or by way of premium, as if the same had been payable
by virtue of a call duly made and notified.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">PUBLIC OFFERIN</font><font style="DISPLAY: inline; COLOR: #0000ff">G</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">15</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">46.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">The Board shall, within seven (7)
calendar days after its receipt of a public tender offer to purchase shares of
the Company, resolve to recommend the Members to either accept or object the
tender offer purchase, and shall disclose the following by</font><font style="DISPLAY: inline; COLOR: #0000ff"> way of public announcement in any
manner permitted by the Applicable Law:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">the type, number and amount of
      shares currently held by the Directors, and any shareholders with more
      than ten percent (10%) of the Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s outstanding shares;
      </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">the reco</font><font style="DISPLAY: inline; COLOR: #0000ff">mmendation made to the
      Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s shareholders on such tender
      offer purchase, wherein the names and reasons of every objecting
      director(s) shall be indicated;
</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">whether there were major changes
      to the Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s financial conditions after the
      delivery of</font><font style="DISPLAY: inline; COLOR: #0000ff"> its most
      recent financial statements, and the contents of such changes; and
      </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">the type, number and amount of
      shares of the offeror or its affiliates held by the Directors or the major
      shareholders holding over ten percent (10%) of the Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s outsta</font><font style="DISPLAY: inline; COLOR: #0000ff">nding shares.
    </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">REGISTER OF
MEMBERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">43.</font><font style="DISPLAY: inline; COLOR: #0000ff">47.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Company shall keep in one or more
books a Register of its Members and shall enter therein the following
particulars, that is to say:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the name and address of each
      Member, the number and class of sha</font><font style="DISPLAY: inline; COLOR: #000000">res held by him and the amount
      paid or agreed to be considered as paid on such
    shares;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the date on which each person was
      entered in the Register; and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the date on which any person
      ceased to be a Member.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Company may keep an overseas or
loc</font><font style="DISPLAY: inline; COLOR: #000000">al or other branch
register of Members resident in any place, and the Board may make and vary such
regulations as it determines in respect of the keeping of any such register and
maintaining a Registration Office in connection therewith.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">44.</font><font style="DISPLAY: inline; COLOR: #0000ff">48</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Regi</font><font style="DISPLAY: inline; COLOR: #000000">ster and branch register of Members, as
the case may be, shall be open to inspection for such times and on such days as
the Board shall determine by Members without charge or by any other person, upon
a maximum payment of $2.50 or such other sum specified</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">by the Board, at the Office or such
other place at which the Register is kept in accordance with the Law or, if
appropriate, upon a maximum payment of $1.00 or such other sum specified by the
Board at the Registration Office.&#160;&#160;The Register including any
o</font><font style="DISPLAY: inline; COLOR: #000000">v</font><font style="DISPLAY: inline; COLOR: #000000">erseas or local or other branch register
of Members may, after notice has been given by advertisement in an appointed
newspaper or any other newspapers in accordance with the requirements of the
Designated </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">16</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Stock Exchange or by any electronic
means in such</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">manner as may be accepted by the
Designated Stock Exchange to that effect, be closed at such times or for such
periods not exceeding in the whole thirty (30) days in each year as the Board
may determine and either generally or in respect of any class of s</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">ares.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">RECORD
DATES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">45.</font><font style="DISPLAY: inline; COLOR: #0000ff">49.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">For the purpose of determining the
Members entitled to notice of or to vote at any general meeting, or any
adjournment thereof, or entitled to express consent to corporate action in
writing without a meeting, or entitled to</font><font style="DISPLAY: inline; COLOR: #000000"> receive payment of any dividend or
other distribution or allotment of any rights, or entitled to exercise any
rights in respect of any change, conversion or exchange of shares or for the
purpose of any other lawful action, the Board may fix, in advance, </font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000"> date as the record date for any such
determination of Members, which date shall not be more than sixty (60) days nor
less than ten (10) days before the date of such meeting, nor more than sixty
(60) days prior to any other such action.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 63pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160; If the Board does
</font><font style="DISPLAY: inline; COLOR: #000000">not fix a record date for
any general meeting, the record date for determining the Members entitled to a
notice of or to vote at such meeting shall be at the close of business on the
day next preceding the day on which notice is given, or, if in
accordanc</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> with these Articles notice is waived,
at the close of business on the day next preceding the day on which the meeting
is held.</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">&#160;&#160;If
corporate action without a general meeting is to be taken, the record date for
determining the Members entitled to express c</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">onsent to
such corporate action in writing, when no prior action by the Board is
necessary, shall be the first date on which a signed written consent setting
forth the action taken or proposed to be taken is delivered to the Company by
delivery to its hea</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">d</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> office.
</font><font style="DISPLAY: inline; COLOR: #000000">The record date for
determining the Members for any other purpose shall be at the close of business
on the day on which the Board adopts the resolution relating
thereto.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">A determination of the Members of record
entitled to notice of or to vote a</font><font style="DISPLAY: inline; COLOR: #000000">t a meeting of the Members shall apply
to any adjournment of the meeting; provided, however, that the Board may fix a
new record date for the adjourned meeting.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">TRANSFER OF
SHARES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">46.</font><font style="DISPLAY: inline; COLOR: #0000ff">50.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to these Articles, any Member
may transfer all or any of </font><font style="DISPLAY: inline; COLOR: #000000">his shares by an instrument of transfer
in the usual or common form or in a form prescribed by the Designated Stock
Exchange or in any other form approved by the Board and may be under hand or, if
the transferor or transferee is a clearing house or its no</font><font style="DISPLAY: inline; COLOR: #000000">m</font><font style="DISPLAY: inline; COLOR: #000000">inee(s), by hand or by machine imprinted
signature or by such other manner of execution as the Board may approve from
time to time.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">47.</font><font style="DISPLAY: inline; COLOR: #0000ff">51.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The instrument of transfer shall be
executed by or on behalf of the transferor and the transferee provided that
the</font><font style="DISPLAY: inline; COLOR: #000000"> Board may dispense with
the execution of the instrument of transfer by the transferee in any case which
it thinks fit in its discretion to do so.&#160;&#160;Without prejudice to the
last preceding Article, the Board may also resolve, either generally or in any
par</font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">icular case, upon request by either the
transferor or transferee, to accept mechanically executed
transfers.&#160;&#160;The transferor shall be deemed to remain the holder of the
share until the </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">17</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">name of the transferee is entered in the
Register in respect thereof. </font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Nothing in these Articles shall preclude
the Board from recognising a renunciation of the allotment or provisional
allotment of any share by the allottee in favour of some other
person.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">48.</font><font style="DISPLAY: inline; COLOR: #0000ff">52.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may, in its absolute
discretion, and without giv</font><font style="DISPLAY: inline; COLOR: #000000">ing any reason therefor, refuse to
register a transfer of any share (not being a fully paid up share) to a person
of whom it does not approve, or any share issued under any share incentive
scheme for employees upon which a restriction on transfer imposed </font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">hereby still subsists, and it may also,
without prejudice to the foregoing generality, refuse to register a transfer of
any share to more than four joint holders or a transfer of any share (not being
a fully paid up share) on which the Company has a lien.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board in so far as permitted by any
applicable law may, in its absolute discretion, at any time and from time to
time transfer any share upon the Register to any branch register or any share on
any branch register to the Register or any other bran</font><font style="DISPLAY: inline; COLOR: #000000">ch register.&#160;&#160;In the event of
any such transfer, the shareholder requesting such transfer shall bear the cost
of effecting the transfer unless the Board otherwise
determines.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Unless the Board otherwise agrees (which
agreement may be on such terms and </font><font style="DISPLAY: inline; COLOR: #000000">subject to such conditions as the Board
in its absolute discretion may from time to time determine, and which agreement
the Board shall, without giving any reason therefor, be entitled in its absolute
discretion to give or withhold), no shares upon the Re</font><font style="DISPLAY: inline; COLOR: #000000">g</font><font style="DISPLAY: inline; COLOR: #000000">ister shall be transferred to any branch
register nor shall shares on any branch register be transferred to the Register
or any other branch register and all transfers and other documents of title
shall be lodged for registration, and registered, in the c</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">se of any shares on a branch register,
at the relevant Registration Office, and, in the case of any shares on the
Register, at the Office or such other place at which the Register is kept in
accordance with the Law.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">49.</font><font style="DISPLAY: inline; COLOR: #0000ff">53.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Without limiting the
generality</font><font style="DISPLAY: inline; COLOR: #000000"> of the last
preceding Article, the Board may decline to recognise any instrument of transfer
unless:-</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">a fee of such maximum sum as the
      Designated Stock Exchange may determine to be payable or such lesser sum
      as the Board may from time to time require</font><font style="DISPLAY: inline; COLOR: #000000"> is paid to the Company in respect
      thereof;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the instrument of transfer is in
      respect of only one class of
share;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the instrument of transfer is
      lodged at the Office or such other place at which the Register is kept in
      accordance with the Law or th</font><font style="DISPLAY: inline; COLOR: #000000">e Registration Office (as the case
      may be) accompanied by the relevant share certificate(s) and such other
      evidence as the Board may reasonably require to show the right of the
      transferor to make the transfer (and, if the instrument of transfer is
      execute</font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000"> by some other person on his
      behalf, the authority of that person so to do);
  and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">if applicable, the instrument of
      transfer is duly and properly
stamped.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">18</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">50.</font><font style="DISPLAY: inline; COLOR: #0000ff">54.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If the Board refuses to register a
transfer of any share, it shall, within two months aft</font><font style="DISPLAY: inline; COLOR: #000000">er the date on which the transfer was
lodged with the Company, send to each of the transferor and transferee notice of
the refusal.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">51.</font><font style="DISPLAY: inline; COLOR: #0000ff">55.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The registration of transfers of shares
or of any class of shares may, after notice has been given by
advertisement</font><font style="DISPLAY: inline; COLOR: #000000"> in an
appointed newspaper or any other newspapers or by any other means in accordance
with the requirements of the Designated Stock Exchange to that effect be
suspended at such times and for such periods (not exceeding in the whole thirty
(30) days in an</font><font style="DISPLAY: inline; COLOR: #000000">y</font><font style="DISPLAY: inline; COLOR: #000000"> year) as the Board may
determine.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">TRANSMISSION
OF SHARES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">52.</font><font style="DISPLAY: inline; COLOR: #0000ff">56.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If a Member dies, the survivor or
survivors where the deceased was a joint holder, and his legal personal
representatives where he was a sole or only surviving holder, will be the only
p</font><font style="DISPLAY: inline; COLOR: #000000">ersons recognised by the
Company as having any title to his interest in the shares; but nothing in this
Article will release the estate of a deceased Member (whether sole or joint)
from any liability in respect of any share which had been solely or
jointl</font><font style="DISPLAY: inline; COLOR: #000000">y</font><font style="DISPLAY: inline; COLOR: #000000"> held by him.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">53.</font><font style="DISPLAY: inline; COLOR: #0000ff">57.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any person becoming entitled to a share
in consequence of the death or bankruptcy or winding-up of a Member may, upon
such evidence as to his title being produced as may be required by the Board,
elect either to become the holder of </font><font style="DISPLAY: inline; COLOR: #000000">the share or to have some person
nominated by him registered as the transferee thereof.&#160;&#160;If he elects
to become the holder he shall notify the Company in writing either at the
Registration Office or Office, as the case may be, to that effect.&#160;&#160;If
he elect</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000"> to have another person registered he
shall execute a transfer of the share in favour of that person.&#160;&#160;The
provisions of these Articles relating to the transfer and registration of
transfers of shares shall apply to such notice or transfer as aforesaid
as</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">if the death or bankruptcy of the Member
had not occurred and the notice or transfer were a transfer signed by such
Member.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">54.</font><font style="DISPLAY: inline; COLOR: #0000ff">58.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A person becoming entitled to a share by
reason of the death or bankruptcy or winding-up of a Member shall be entitled to
t</font><font style="DISPLAY: inline; COLOR: #000000">he same dividends and
other advantages to which he would be entitled if he were the registered holder
of the share.&#160;&#160;However, the Board may, if it thinks fit, withhold the
payment of any dividend payable or other advantages in respect of such share
until </font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">uch person shall become the registered
holder of the share or shall have effectually transferred such share, but,
subject to the requirements of Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">75</font><font style="DISPLAY: inline; COLOR: #0000ff">84</font><font style="DISPLAY: inline; COLOR: #000000">(2) being met, such a person may vote at
meetings.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">UNTRACEABLE
MEMBERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">55.</font><font style="DISPLAY: inline; COLOR: #0000ff">59.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Without pr</font><font style="DISPLAY: inline; COLOR: #000000">ejudice to the rights of the Company
under paragraph (2) of this Article, the Company may cease sending cheques for
dividend entitlements or dividend warrants by post if such cheques or warrants
have been left uncashed on two consecutive
occasions.&#160;&#160;Howev</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">r, the Company may exercise the power to
cease sending cheques for </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">19</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">dividend entitlements or dividend
warrants after the first occasion on which such a cheque or warrant is returned
undelivered.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Company shall have the power to
sell, in such manner </font><font style="DISPLAY: inline; COLOR: #000000">as the
Board thinks fit, any shares of a Member who is untraceable, but no such sale
shall be made unless:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">all cheques or warrants in respect
      of dividends of the shares in question, being not less than three in total
      number, for any sum payable in cas</font><font style="DISPLAY: inline; COLOR: #000000">h to the holder of such shares in
      respect of them sent during the relevant period in the manner authorised
      by the Articles of the Company have remained
    uncashed;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">so far as it is aware at the end
      of the relevant period, the Company has not at any time </font><font style="DISPLAY: inline; COLOR: #000000">during the relevant period
      received any indication of the existence of the Member who is the holder
      of such shares or of a person entitled to such shares by death, bankruptcy
      or operation of law; and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the Company, if so required by the
      rules governing </font><font style="DISPLAY: inline; COLOR: #000000">the
      listing of shares on the Designated Stock Exchange, has given notice to,
      and caused advertisement in newspapers to be made in accordance with the
      requirements of, the Designated Stock Exchange of its intention to sell
      such shares in the manner require</font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000"> by the Designated Stock Exchange,
      and a period of three months or such shorter period as may be allowed by
      the Designated Stock Exchange has elapsed since the date of such
      advertisement.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">For the purpose of the foregoing, the
&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">relevant
period&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> means the
p</font><font style="DISPLAY: inline; COLOR: #000000">eriod commencing twelve
(12) years before the date of publication of the advertisement referred to in
paragraph (c) of this Article and ending at the expiry of the period referred to
in that paragraph.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">To give effect to any such sale the
Board may aut</font><font style="DISPLAY: inline; COLOR: #000000">horise some
person to transfer the said shares and an instrument of transfer signed or
otherwise executed by or on behalf of such person shall be as effective as if it
had been executed by the registered holder or the person entitled by
transmission to su</font><font style="DISPLAY: inline; COLOR: #000000">c</font><font style="DISPLAY: inline; COLOR: #000000">h shares, and the purchaser shall not be
bound to see to the application of the purchase money nor shall his title to the
shares be affected by any irregularity or invalidity in the proceedings relating
to the sale.&#160;&#160;The net proceeds of the sale will belo</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">g to the Company and upon receipt by the
Company of such net proceeds it shall become indebted to the former Member for
an amount equal to such net proceeds.&#160;&#160;No trust shall be created in
respect of such debt and no interest shall be payable in respect of</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">it and the Company shall not be required
to account for any money earned from the net proceeds which may be employed in
the business of the Company or as it thinks fit.&#160;&#160;Any sale under this
Article shall be valid and effective notwithstanding that the Mem</font><font style="DISPLAY: inline; COLOR: #000000">b</font><font style="DISPLAY: inline; COLOR: #000000">er holding the shares sold is dead,
bankrupt or otherwise under any legal disability or
incapacity.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">GENERAL
MEETINGS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">60.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">An annual general meeting of the
Company shall be held and convened by the Board in each year, but no later than
six (6) months af</font><font style="DISPLAY: inline; COLOR: #0000ff">ter the
close of each fiscal year. A general meeting of the Company shall be held within
the territory of the ROC at such time and place as </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">20</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">may be determined by the Board; however
for so long as the shares of the Company are listed on the Taiwan Stock
Exc</font><font style="DISPLAY: inline; COLOR: #0000ff">h</font><font style="DISPLAY: inline; COLOR: #0000ff">ange, the Board may pass a resolution to
convene&#160;&#160;a general meeting outside the territory of the ROC in which
case, an application shall be submitted to the Taiwan Stock Exchange Corporation
for its approval within two (2) days after the date that the Boa</font><font style="DISPLAY: inline; COLOR: #0000ff">r</font><font style="DISPLAY: inline; COLOR: #0000ff">d has resolved as such. </font><font style="DISPLAY: inline; COLOR: #0000ff">Without</font><font style="DISPLAY: inline; COLOR: #00c000"> prejudice to the generality of the
foregoing, </font><font style="DISPLAY: inline; COLOR: #0000ff">where any
general meeting of the Company is to be held outside the territory of ROC, the
Company shall appoint an agent of stock affairs within the ROC to administer and
handle a</font><font style="DISPLAY: inline; COLOR: #0000ff">ffairs relating to
voting by Members at such general meeting.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">56.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">An
annual general meeting of the Company shall be held in each year other than the
year of the Company</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">&#8217;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">s
incorporation at such time and place as may be determined by the
Board.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">61.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">One or</font><font style="DISPLAY: inline; COLOR: #0000ff"> more Member (s) holding one percent
(1%) or more of the total number of outstanding shares of the Company may submit
to the Company not more than one proposal for consideration and if appropriate,
approval</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; COLOR: #0000ff; FONT-STYLE: italic">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">at the annual general meeting, provided
that only</font><font style="DISPLAY: inline; COLOR: #0000ff"> one matter may be
proposed in each single proposal.&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">The Company shall give a public notice
in such manner as permitted by Applicable Law at such time deemed appropriate by
the Board specifying the place and a period of not less than ten (10) days for
M</font><font style="DISPLAY: inline; COLOR: #0000ff">embers to submit
proposals.&#160;&#160;Any Member(s) whose proposal has been submitted and
accepted by the Board, shall continue to be entitled to attend the annual
general meeting in person or by proxy or in the case of a corporation, by its
authorised representat</font><font style="DISPLAY: inline; COLOR: #0000ff">i</font><font style="DISPLAY: inline; COLOR: #0000ff">ve(s), and participate in the discussion
of such proposal.&#160;&#160;The Board may exclude a proposal submitted by a
Member if (i) the proposal involves matters which cannot be resolved at the
annual general meeting in accordance with or under Applicable Laws;
(ii</font><font style="DISPLAY: inline; COLOR: #0000ff">)</font><font style="DISPLAY: inline; COLOR: #0000ff"> the number of shares held by the
Member(s) is less than one percent (1%) of the total number of issued and
outstanding shares in the Register of Members as of the record date determined
by the Board or upon commencement of the non-book-entry period befor</font><font style="DISPLAY: inline; COLOR: #0000ff">e</font><font style="DISPLAY: inline; COLOR: #0000ff"> the annual general meeting; (iii) the
proposal submitted concerns more than one matter; or (iv) the proposal is
submitted after the expiration of the specified period determined by the Board,
in which case, the rejected proposal shall not be discussed at</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">the annual general
meeting.&#160;&#160;The Company shall, prior to the dispatch of a Notice of the
annual general meeting, inform the Members the result of submission of proposals
and list in the Notice of annual general meeting the proposals accepted for
considera</font><font style="DISPLAY: inline; COLOR: #0000ff">t</font><font style="DISPLAY: inline; COLOR: #0000ff">ion and approval at the annual general
meeting.&#160;&#160;The chairman of the annual general meeting or if the
chairman is not a director of the Company, any director of the Company shall
explain at the annual general meeting the reasons for excluding proposals
su</font><font style="DISPLAY: inline; COLOR: #0000ff">b</font><font style="DISPLAY: inline; COLOR: #0000ff">mitted by Members.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">57.</font><font style="DISPLAY: inline; COLOR: #0000ff">62.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Each general meeting, other than an
annual general meeting, shall be called&#160;&#160;an extraordinary general
meeting.&#160;&#160;General meetings may be held at such times and in any
location in the world as may be determined by the Board.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">58.</font><font style="DISPLAY: inline; COLOR: #0000ff">6</font><font style="DISPLAY: inline; COLOR: #0000ff">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Only
a</font><font style="DISPLAY: inline; COLOR: #0000ff">A</font><font style="DISPLAY: inline; COLOR: #000000"> majority of the Board </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">or the
Chairman of the Board </font><font style="DISPLAY: inline; COLOR: #000000">may
call extraordinary general meetings, which extraordinary general meetings shall
be held at such times and locations (as permitted hereby) as </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">such
person or persons shall determine.</font><font style="DISPLAY: inline; COLOR: #0000ff">the Board</font><font style="DISPLAY: inline; COLOR: #0000ff"> shall determine PROVIDED THAT one or
more Member(s) holding three-percent (3%) or more of the total number of the
outstanding voting shares of the Company continuously for a period of one (1)
year or more may, by filing with the Company a written proposa</font><font style="DISPLAY: inline; COLOR: #0000ff">l</font><font style="DISPLAY: inline; COLOR: #0000ff"> setting forth therein the subjects for
discussion, consideration and approval and the reasons, request the Board to
convene an extraordinary general meeting.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">If the Board </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">21</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Times New Roman">B</font><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">fails to give notice for convening an
extraordinary general meeting within fifteen</font><font style="DISPLAY: inline; COLOR: #0000ff"> (15) days after receiving such request,
the proposing Member(s) may convene an extraordinary general meeting by sending
out a notice of general meeting in accordance with Article 64&#160;&#160;and
such Member(s) shall be entitled to determine the time and place of</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">the general meeting, provided that if
the general meeting will not be held within the territory of the ROC,
</font><font style="DISPLAY: inline; COLOR: #0000ff">an application shall be
submitted by such Member(s) to the Taiwan Stock Exchange Corporation for its
prior approval</font><font style="DISPLAY: inline; COLOR: #0000ff">.&#160;&#160;The Board will not be
required</font><font style="DISPLAY: inline; COLOR: #0000ff"> to prepare the
manual referred to in Article 67 where a general meeting is convened by
Member(s). </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">NOTICE OF
GENERAL MEETINGS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">59.</font><font style="DISPLAY: inline; COLOR: #0000ff">64.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">An annual general meeting and any
extraordinary general meeting may be called by not less than ten (10) clear
day</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> Notice but a general meeting may be
called by shorter notice, subject to the Law, if it is so
agreed:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">in the case of a meeting called as
      an annual general meeting, by all the Members entitled to attend and vote
      thereat; and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">in the case of a</font><font style="DISPLAY: inline; COLOR: #000000">ny other meeting, by a majority in
      number of the Members having the right to attend and vote at the meeting,
      being a majority together holding not less than ninety-five per cent.
      (95%) in nominal value of the issued shares giving that
      right.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The</font><font style="DISPLAY: inline; COLOR: #0000ff">Withou</font><font style="DISPLAY: inline; COLOR: #0000ff">t prejudice to Article 64(3),
the</font><font style="DISPLAY: inline; COLOR: #000000"> notice shall specify
the time and place of the meeting and, in case of special business, the general
nature of the business.&#160;&#160;The notice convening an annual general
meeting shall specify the meeting as such.&#160;&#160;Notice of eve</font><font style="DISPLAY: inline; COLOR: #000000">ry general meeting shall be given to all
Members other than to such Members as, under the provisions of these Articles or
the terms of issue of the shares they hold, are not entitled to receive such
notices from the Company, to all persons entitled to a s</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">are in consequence of the death or
bankruptcy or winding-up of a Member and to each of the Directors and
</font><font style="DISPLAY: inline; COLOR: #0000ff">members of </font><font style="DISPLAY: inline; COLOR: #000000">the </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditors</font><font style="DISPLAY: inline; COLOR: #0000ff">Audit Committee</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">The following matters may not be
considered, discussed or proposed for approval at a general meeting
unles</font><font style="DISPLAY: inline; COLOR: #0000ff">s they have been
included in the Notice of general meeting with reasonable amount of
explanations: </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 35.9pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any election or removal of
      Directors; </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">any change to the name of the
Company;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">any amendment or modification to the
Memorandum or these Artic</font><font style="DISPLAY: inline; COLOR: #0000ff">les; </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any dissolution, voluntary
      winding-up, merger, consolidation, amagalmation or split-up of the
      Company; </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(e)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any proposal for the Company to
      enter into, amend, or terminate any Lease Contract, Management Contract or
      Joint Cperation Contract; </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">22</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(f)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">transfer in whole or any
      substantial part of the Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s business or assets;
      </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(g)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">acquisition of the whole or any
      substantial part of the business of a third-party, which materially
      affects the operation of the
Company;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(h)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">private placement of
      equ</font><font style="DISPLAY: inline; COLOR: #0000ff">ity-linked
      securities of the Company;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(i)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">to the extent permitted by
      Applicable Law, to approve a Director to enter into a contract or an
      arrangement which results in competition between the Director and the
      Company; and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(j)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">upon recommendation of the
      </font><font style="DISPLAY: inline; COLOR: #0000ff">Board, payment of
      dividends or distributions partly or wholly by way of issuance of new
      shares of the Company.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #0000ff; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">APPRAISAL RIGHT OF DISSENTING
MEMBERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">65.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">Subject to compliance with
Applicable Law, a Member who has expressed his dissent, in writing or
v</font><font style="DISPLAY: inline; COLOR: #0000ff">erbally with a record,
before or during a general meeting, with respect to any resolution proposed at a
general matter in relation to the following matter(s), may abstain from
exercising his voting rights in respect of such resolution(s) and request the
C</font><font style="DISPLAY: inline; COLOR: #0000ff">o</font><font style="DISPLAY: inline; COLOR: #0000ff">mpany to acquire or purchase his
share(s) at the then prevailing fair price:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">splitting of a material part of
      the business of the Company by way of disposal or otherwise, consolidation
      or merger of the Company; or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">the Company proposes to enter
      i</font><font style="DISPLAY: inline; COLOR: #0000ff">nto, amend, or
      terminate any Lease Contract, Management Contract or Joint Operation
      Contract. </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">66.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Subject to the above, the Member shall
give written notice to request the Company to acquire or purchase his shares no
later than twenty (20) days after</font><font style="DISPLAY: inline; COLOR: #0000ff"> the passing of a conditional or
unconditional resolution approving any of the above matter(s) at the relevant
general meeting, and shall state in such request the class and number of shares
that such Member requests the Company to
repurchase.&#160;&#160;&#160;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">If a</font><font style="DISPLAY: inline; COLOR: #0000ff">greement on the price of the shares can
be reached between the Member and the Company, the Company shall repurchase and
pay for the shares within ninety (90) days from the date on which the
conditional or unconditional resolution was passed.&#160;&#160;If no
agreem</font><font style="DISPLAY: inline; COLOR: #0000ff">e</font><font style="DISPLAY: inline; COLOR: #0000ff">nt is reached within sixty (60) days of
the date on which the resolution was passed, the Member may, within thirty (30)
days from the date on which the sixty-day (60) period expires, apply to a
competent court for a ruling on the price.&#160;&#160;Subject to the
ru</font><font style="DISPLAY: inline; COLOR: #0000ff">l</font><font style="DISPLAY: inline; COLOR: #0000ff">ing of the competent court, the Company
shall pay judgment </font><font style="DISPLAY: inline; COLOR: #0000ff">interest
on the price as determined by the court from the date of expiration of the
period referred to above.&#160;&#160;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">The payment of repurchase price to the
Members shall be made at the same time ag</font><font style="DISPLAY: inline; COLOR: #0000ff">ainst the delivery of the relevant share
certificate(s) and</font><font style="DISPLAY: inline; COLOR: #0000ff"> an
instrument(s) of transfer in </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Times New Roman">B</font><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">respect of the shares subject to such
instrument(s) of transfer for the repurchase being duly executed by such
Member</font><font style="DISPLAY: inline; COLOR: #0000ff"> to the Company, and
the date of transfer of su</font><font style="DISPLAY: inline; COLOR: #0000ff">ch shares shall be the date on which
payment is made by the</font><font style="DISPLAY: inline; COLOR: #0000ff">
Company to the Member and the register of members of the Company shall be
updated accordingly. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">60.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The
accidental omission to give Notice of a meeting or (in cases where instruments
of proxy ar</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">e sent
out with the Notice) to send such instrument of proxy to, or the non-receipt of
such Notice or such instrument of proxy by, any person entitled to receive such
Notice shall not invalidate any resolution passed or the proceedings at that
meeting.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(4)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">The request of a Member pursuant to
Article 65 shall become ineffective if the Company announces before completion
of the purchase under Article 66(3) that the Company will not proceed with the
matters that such Member dissented to under Article 65 or wh</font><font style="DISPLAY: inline; COLOR: #0000ff">e</font><font style="DISPLAY: inline; COLOR: #0000ff">re the Company is prohibited under
Applicable Law to repurchase the relevant shares.&#160;&#160;Where a Member
fails to make a request within the period prescribed in Articles 66 (1) and (2)
above, such Member is deemed to have duly waived its rights under Article
</font><font style="DISPLAY: inline; COLOR: #0000ff">6</font><font style="DISPLAY: inline; COLOR: #0000ff">5. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">PROCEEDINGS
AT GENERAL MEETINGS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">67.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">The Board shall prepare a manual
setting out the agenda of a general meeting of Members (including all the
subjects and matters to be resolved at the meeting) and shall make public
announcement(s) in a manner pe</font><font style="DISPLAY: inline; COLOR: #0000ff">rmitted by Applicable Law to disclose
the contents of such manual together with other information related to the said
meeting at least&#160;&#160;fifteen (15) days prior to the date of the relevant
general meeting. Such manual shall be distributed to the Members at</font><font style="DISPLAY: inline; COLOR: #0000ff">t</font><font style="DISPLAY: inline; COLOR: #0000ff">ending the general meeting in person, by
proxy or by corporate representative(s)(where the Member is a corporation) at
the general meeting. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">61.</font><font style="DISPLAY: inline; COLOR: #0000ff">68.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">All business shall be deemed special
that is transacted at an extraordinary general meeting, and also a</font><font style="DISPLAY: inline; COLOR: #000000">ll business that is transacted at an
annual general meeting, with the exception of </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">the
</font><font style="DISPLAY: inline; COLOR: #000000">election of
Directors.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">No business other than the appointment
of a chairman of a meeting shall be transacted at any general meeting unless a
quorum is present at t</font><font style="DISPLAY: inline; COLOR: #000000">he
commencement of the business.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">At</font><font style="DISPLAY: inline; COLOR: #0000ff">Subject to these Articles (in
particular, Articles 87 and 88), a</font><font style="DISPLAY: inline; COLOR: #0000ff">t</font><font style="DISPLAY: inline; COLOR: #000000"> any general meeting of the Company, two
(2) Members entitled to vote and present in person or by proxy or (in the case
of a Member being a corporation) by</font><font style="DISPLAY: inline; COLOR: #000000"> its duly authorised representative
representing </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">not
less</font><font style="DISPLAY: inline; COLOR: #0000ff">more</font><font style="DISPLAY: inline; COLOR: #000000"> than one</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">-third</font><font style="DISPLAY: inline; COLOR: #0000ff"> half (1/2)</font><font style="DISPLAY: inline; COLOR: #000000"> in nominal value of the total issued
voting shares in the Company throughout the meeting shall form a quorum for
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">all
purposes.</font><font style="DISPLAY: inline; COLOR: #0000ff">the purpose of the
meeting. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">62.</font><font style="DISPLAY: inline; COLOR: #0000ff">69.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If w</font><font style="DISPLAY: inline; COLOR: #000000">ithin thirty (30) minutes (or such
longer time not exceeding one hour as the chairman of the meeting may determine
to wait) after the time appointed for the meeting a quorum is not present, the
meeting shall stand adjourned to the same day in the next wee</font><font style="DISPLAY: inline; COLOR: #000000">k</font><font style="DISPLAY: inline; COLOR: #000000"> at the same time and place or to such
time and place as the Board may determine.&#160;&#160;If at such adjourned
meeting a quorum is not present within half an hour from the time appointed for
holding the meeting, the meeting shall be dissolved.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">24</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">63.</font><font style="DISPLAY: inline; COLOR: #0000ff">70.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The chairm</font><font style="DISPLAY: inline; COLOR: #000000">an of the Company shall preside as
chairman at every general meeting.&#160;&#160;If at any meeting the chairman is
not present within fifteen (15) minutes after the time appointed for holding the
meeting, or is not willing to act as chairman, the Directors present
</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">hall choose one of their number to act,
or if one Director only is present he shall preside as chairman if willing to
act.&#160;&#160;If no Director is present, or if each of the Directors present
declines to take the chair, or if the chairman chosen shall retire f</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">om the chair, the Members present in
person or by proxy and entitled to vote shall elect one of their number to be
chairman.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">64.</font><font style="DISPLAY: inline; COLOR: #0000ff">71.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The chairman may adjourn the meeting
from time to time and from place to place, but no business shall be transacted
at any</font><font style="DISPLAY: inline; COLOR: #000000"> adjourned meeting
other than the business which might lawfully have been transacted at the meeting
had the adjournment not taken place. When a meeting is adjourned for fourteen
(14) days or more, at least seven (7) clear days</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> notice of the adjourned mee</font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">ing shall be given specifying the time
and place of the adjourned meeting but it shall not be necessary to specify in
such notice the nature of the business to be transacted at the adjourned meeting
and the general nature of the business to be transacted.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000"> Save as aforesaid, it shall be
unnecessary to give notice of an adjournment.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">65.</font><font style="DISPLAY: inline; COLOR: #0000ff">72.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If an amendment is proposed to any
resolution under consideration but is in good faith ruled out of order by the
chairman of the meeting, the proceedings on the substant</font><font style="DISPLAY: inline; COLOR: #000000">ive resolution shall not be invalidated
by any error in such ruling.&#160;&#160;In the case of a resolution duly
proposed as a special resolution, no amendment thereto (other than a mere
clerical amendment to correct a patent error) may in any event be considered
o</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000"> voted upon.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">VOTING</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">66.</font><font style="DISPLAY: inline; COLOR: #0000ff">73.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to any special rights or
restrictions as to voting for the time being attached to any shares by or in
accordance with these Articles, at any general meeting on a show of hands every
Member present in person (or bein</font><font style="DISPLAY: inline; COLOR: #000000">g a corporation, is present by a duly
authorised representative), or by proxy shall have one vote and on a poll every
Member present in person or by proxy or, in the case of a Member being a
corporation, by its duly authorised representative shall have on</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> vote for every fully paid share of
which he is the holder but so that no amount paid up or credited as paid up on a
share in advance of calls or instalments is treated for the foregoing purposes
as paid up on the share</font><font style="DISPLAY: inline; COLOR: #0000ff"> and
fraction shares will not be enti</font><font style="DISPLAY: inline; COLOR: #0000ff">tled to any fractional voting
right</font><font style="DISPLAY: inline; COLOR: #000000">.&#160;&#160;Notwithstanding anything
contained in these Articles, where more than one proxy is appointed by a Member
which is a clearing house (or its nominee(s)), each such proxy shall have one
vote on a show of hands.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">A resol</font><font style="DISPLAY: inline; COLOR: #000000">ution put to the vote of a meeting shall
be decided on a show of hands unless (before or on the declaration of the result
of the show of hands or on the withdrawal of any other demand for a poll) a poll
is demanded:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">by the chairman of such meeting;
      o</font><font style="DISPLAY: inline; COLOR: #000000">r</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">by at least three Members present
      in person or in the case of a Member being a corporation by its duly
      authorised representative or by proxy for the time being entitled to vote
      at the meeting; or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">25</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">by a Member or Members present in
      person or in</font><font style="DISPLAY: inline; COLOR: #000000"> the case
      of a Member being a corporation by its duly authorised representative or
      by proxy and representing not less than one-tenth of the total voting
      rights of all Members having the right to vote at the meeting;
      or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">by a Member or Members present
      </font><font style="DISPLAY: inline; COLOR: #000000">in person or in the
      case of a Member being a corporation by its duly authorised representative
      or by proxy and holding shares in the Company conferring a right to vote
      at the meeting being shares on which an aggregate sum has been paid up
      equal to not les</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000"> than one-tenth of the total sum
      paid up on all shares conferring that
  right.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">A demand by a person as proxy for a
Member or in the case of a Member being a corporation by its duly authorised
representative shall be deemed to be the same as a demand by a M</font><font style="DISPLAY: inline; COLOR: #000000">ember.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">67.</font><font style="DISPLAY: inline; COLOR: #0000ff">74.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Unless a poll is duly demanded and the
demand is not withdrawn, a declaration by the chairman that a resolution has
been carried, or carried unanimously, or by a particular majority, or not
carried by a particular majority, or lost, and an </font><font style="DISPLAY: inline; COLOR: #000000">entry to that effect made in the minute
book of the Company, shall be conclusive evidence of the facts without proof of
the number or proportion of the votes recorded for or against the
resolution.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">68.</font><font style="DISPLAY: inline; COLOR: #0000ff">75.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If a poll is duly demanded the result of
the poll</font><font style="DISPLAY: inline; COLOR: #000000"> shall be deemed to
be the resolution of the meeting at which the poll was
demanded.&#160;&#160;There shall be no requirement for the chairman to disclose
the voting figures on a poll.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">69.</font><font style="DISPLAY: inline; COLOR: #0000ff">76.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A poll demanded on the election of a
chairman, or on a question of adjo</font><font style="DISPLAY: inline; COLOR: #000000">urnment, shall be taken
forthwith.&#160;&#160;A poll demanded on any other question shall be taken in
such manner (including the use of ballot or voting papers or tickets) and either
forthwith or at such time (being not later than thirty (30) days after the date
of</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">the demand) and place as the chairman
directs.&#160;&#160;It shall not be necessary (unless the chairman otherwise
directs) for notice to be given of a poll not taken
immediately.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">70.</font><font style="DISPLAY: inline; COLOR: #0000ff">77.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The demand for a poll shall not prevent
the continuance of a meeting or the t</font><font style="DISPLAY: inline; COLOR: #000000">ransaction of any business other than
the question on which the poll has been demanded, and, with the consent of the
chairman, it may be withdrawn at any time before the close of the meeting or the
taking of the poll, whichever is the earlier.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">71.</font><font style="DISPLAY: inline; COLOR: #0000ff">78.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">On </font><font style="DISPLAY: inline; COLOR: #000000">a poll votes may be given either
personally or by proxy.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">72.</font><font style="DISPLAY: inline; COLOR: #0000ff">79.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A person entitled to more than one vote
on a poll need not use all his votes or cast all the votes he uses in the same
way.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">73.</font><font style="DISPLAY: inline; COLOR: #0000ff">80.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">All questions submitted to a meeting
shall be decided by </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">a simple
majority of votes</font><font style="DISPLAY: inline; COLOR: #0000ff">way of an
ordinary resolution,</font><font style="DISPLAY: inline; COLOR: #000000"> except
where a greater majority is required by these Articles or by </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">the
</font><font style="DISPLAY: inline; COLOR: #0000ff">Applicable&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Law. </font><font style="DISPLAY: inline; COLOR: #000000">In the case of an equality of votes,
whether on a show of hands or on a poll, the chairman of such meeting
sh</font><font style="DISPLAY: inline; COLOR: #000000">all be entitled to a
second or casting vote in addition to any other vote he may
have.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">26</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">81.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">The following matters require
approval of the Members by way of a special resolution:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any proposal for the Company to
      enter into, amend, or terminate any Leas</font><font style="DISPLAY: inline; COLOR: #0000ff">e Contract, Management Contract or
      Joint Operation Contract;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any amendment or modification to
      the Memorandum and/or these Articles;
</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">upon recommendation of the Board,
      payment of dividends or distributions partly or wholly by way of issuance
      of ne</font><font style="DISPLAY: inline; COLOR: #0000ff">w shares of the
      Company;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any dissolution, voluntary
      winding-up, merger, consolidation, amagalmation or a splitting of a
      material part of the business of the Company by way of disposal or
      otherwise of the Company; and
</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(e)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">private placement of
      equity-</font><font style="DISPLAY: inline; COLOR: #0000ff">linked
      securities&#160;&#160;of the Company.
</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">82.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">To the extent permitted by
Applicable Law and notwithstanding any provisions provided in these Articles,
the Board may resolve to allow Members not attending</font><font style="DISPLAY: inline; COLOR: #0000ff"> and voting at a general meeting in
person, by proxy or b</font><font style="DISPLAY: inline; COLOR: #0000ff">y
corporate representatives (where a Member is a corporation), to exercise their
voting power and cast their votes by a written instrument approved by the Board
or by way of electronic transmission</font><font style="DISPLAY: inline; COLOR: #0000ff"> (as provided under </font><font style="DISPLAY: inline; COLOR: #0000ff">the ROC Electronic Signatures Act)
prio</font><font style="DISPLAY: inline; COLOR: #0000ff">r to commencement of
the general meeting, provided</font><font style="DISPLAY: inline; COLOR: #0000ff"> that the</font><font style="DISPLAY: inline; COLOR: #0000ff"> relevant method and procedures are
specified in the Notice of that meeting and complied with by such
Member(s).&#160;&#160;However, if a general meeting is convened </font><font style="DISPLAY: inline; COLOR: #0000ff">outside the territory of the ROC, to the
</font><font style="DISPLAY: inline; COLOR: #0000ff">extent permitted by
Applicable Law, the Company must allow the Members to exercise their voting
rights and cast their votes by way of a written instrument</font><font style="DISPLAY: inline; COLOR: #0000ff"> approved by the Board or by way
of&#160;&#160;electronic transmission in the manner referred to in the
foregoin</font><font style="DISPLAY: inline; COLOR: #0000ff">g.&#160;&#160;For
the avoidance of doubt, those Members voted in the manner mentioned in the
foregoing shall for purposes of these Articles and the Law be deemed to have
appointed the chairman of the general meeting as their proxy to vote their
shares at the genera</font><font style="DISPLAY: inline; COLOR: #0000ff">l</font><font style="DISPLAY: inline; COLOR: #0000ff"> meeting in the manner directed by the
written instrument or electronic document.&#160;&#160;The chairman as proxy
shall not have the power to exercise the voting rights of such Members with
respect to any matters not referred to or indicated in the written or
elec</font><font style="DISPLAY: inline; COLOR: #0000ff">t</font><font style="DISPLAY: inline; COLOR: #0000ff">ronic document and/or any amendment to
resolution(s) proposed at the general meeting.&#160;&#160;Where a Member has
exercised the voting power and casted its votes by written instrument or by way
of electronic transmission intends to attend the meeting physically
i</font><font style="DISPLAY: inline; COLOR: #0000ff">n</font><font style="DISPLAY: inline; COLOR: #0000ff"> person, such Member shall send a
separate written declaration of intention to rescind and revoke the votes casted
by way of written instrument or electronic transmission to the Company at least
one (1) business day prior to the date of the general meetin</font><font style="DISPLAY: inline; COLOR: #0000ff">g</font><font style="DISPLAY: inline; COLOR: #0000ff"> failing which, the Member shall be
deemed to have waived his right to attend and vote at the relevant general
meeting in person, the deemed appointment by the Member of the chairman as proxy
shall remain valid and the Company shall not count any votes ca</font><font style="DISPLAY: inline; COLOR: #0000ff">s</font><font style="DISPLAY: inline; COLOR: #0000ff">t by such Member physically at the
relevant general meeting. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">74.</font><font style="DISPLAY: inline; COLOR: #0000ff">83.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Where there are joint holders of any
share any one of such joint holder may vote, either in person or by proxy, in
respect of such share as if he were solely entitled thereto, but if
mo</font><font style="DISPLAY: inline; COLOR: #000000">re than one of such joint
holders be present at any meeting the vote of the senior who tenders a vote,
whether in person or by proxy, shall be accepted to the exclusion of the votes
of the </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">27</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">other joint holders, and for this
purpose seniority shall be deter</font><font style="DISPLAY: inline; COLOR: #000000">m</font><font style="DISPLAY: inline; COLOR: #000000">ined by the order in which the names
stand in the Register in respect of the joint holding.&#160;&#160;Several
executors or administrators of a deceased Member in whose name any share stands
shall for the purposes of this Article be deemed joint holders
thereof.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">75</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">.</font><font style="DISPLAY: inline; COLOR: #0000ff">84.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A Member who is a patient for any
purpose relating to mental health or in respect of whom an order has been made
by any court having jurisdiction for the protection or management of the affairs
of persons incapable of managing their own affairs ma</font><font style="DISPLAY: inline; COLOR: #000000">y vote, whether on a show of hands or on
a poll, by his receiver, committee, curator bonis or other person in the nature
of a receiver, committee or curator bonis appointed by such court, and such
receiver, committee, curator bonis or other person may vot</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> on a poll by proxy, and may otherwise
act and be treated as if he were the registered holder of such shares for the
purposes of general meetings, provided that such evidence as the Board may
require of the authority of the person claiming to vote shall h</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">ve been deposited at the Office, head
office or Registration Office, as appropriate, not less than forty-eight (48)
hours before the time appointed for holding the meeting, or adjourned meeting or
poll, as the case may be.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any person entitled under A</font><font style="DISPLAY: inline; COLOR: #000000">rticle </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">53</font><font style="DISPLAY: inline; COLOR: #0000ff">57</font><font style="DISPLAY: inline; COLOR: #000000"> to be registered as the holder of any
shares may vote at any general meeting in respect thereof in the same manner as
if he were the registered holder of such shares, provided that forty-eight (48)
hours at least before the time of</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the holding </font><font style="DISPLAY: inline; COLOR: #000000">of the meeting or adjourned meeting, as
the case may be, at which he proposes to vote, he shall satisfy the Board of his
entitlement to such shares, or the Board shall have previously admitted his
right to vote at such meeting in respect thereof.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">76.</font><font style="DISPLAY: inline; COLOR: #0000ff">85.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">No Member shall, unless the Board
otherwise determines, be entitled to attend and vote and to be reckoned in a
quorum at any general meeting unless he is duly registered and all calls or
other sums presently payable by him in respect of shares in the Comp</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">ny have been paid.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">77.</font><font style="DISPLAY: inline; COLOR: #0000ff">86.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">any objection shall be raised to
      the qualification of any voter;
or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">any votes have been counted which
      ought not to have been counted or which might have been rejected;
      or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">any votes are not counted which
      oug</font><font style="DISPLAY: inline; COLOR: #000000">ht to have been
      counted;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the objection or error shall not vitiate
the decision of the meeting or adjourned meeting on any resolution unless the
same is raised or pointed out at the meeting or, as the case may be, the
adjourned meeting at which the vote ob</font><font style="DISPLAY: inline; COLOR: #000000">jected to is given or tendered or at
which the error occurs</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">.</font><font style="DISPLAY: inline; COLOR: #0000ff"> or it is annualed by a court ruling
granted upon an application made by a Member under Article 99.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;Any objection or error shall
be referred to the chairman of the meeting and shall only vitiate </font><font style="DISPLAY: inline; COLOR: #000000">the decision of the meeting on any
resolution if the chairman decides that the same may have affected the decision
of the meeting.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The</font><font style="DISPLAY: inline; COLOR: #0000ff">In the absence of any court ruling to
the contrary, the</font><font style="DISPLAY: inline; COLOR: #000000"> decision
of the chairman on such matters shall be final and concl</font><font style="DISPLAY: inline; COLOR: #000000">usive.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">28</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">87.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #0000ff">To the extent required by
Applicable Law, any Member who bears a personal interest that may conflict with
and impair the interests of the Company in respect of any matter proposed for
consideration and approval at a general meeting shall absta</font><font style="DISPLAY: inline; COLOR: #0000ff">in from voting any of the shares that
such Member should otherwise be entitled to vote in person, as a proxy or
corporate representative with respect to the said matter, but all such shares
shall be counted in the quorum for the purpose of Article 68(2) n</font><font style="DISPLAY: inline; COLOR: #0000ff">o</font><font style="DISPLAY: inline; COLOR: #0000ff">twithstanding that they do not carry
voting rights.&#160;&#160;To the extent that the Company has knowledge, any
votes cast by or on behalf of such member in contravention of the foregoing
shall not be counted by the Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">88.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Shares of the Company held by the
</font><font style="DISPLAY: inline; COLOR: #0000ff">following persons shall not
carry any voting rights and shall not be counted in the total number of
outstanding shares of the Company which are entitled to vote when calculating
the quorum for the purpose of Article 68(2).</font><font style="DISPLAY: inline; COLOR: #0000ff; FONT-STYLE: italic">&#160;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">&#160;</td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any entity in which the
      Co</font><font style="DISPLAY: inline; COLOR: #0000ff">mpany is legally or
      beneficially interested in more than 50% of its issued and voting share
      capital or equity capital;
or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">&#160;</td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any entity in which the Company,
      the holding company of the Company or any subsidiary of the holding
      company of the Company or o</font><font style="DISPLAY: inline; COLOR: #0000ff">f the Company is legally or
      beneficially interested in more than 50% of its issued and voting share
      capital or equity capital. </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">PROXIES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">78.</font><font style="DISPLAY: inline; COLOR: #0000ff">89.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any Member entitled to attend and vote
at a meeting of the Company shall be entitled to appoint another
pers</font><font style="DISPLAY: inline; COLOR: #000000">on as his proxy to
attend and vote instead of him</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">.&#160;&#160;A
Member who is the holder of two or more</font><font style="DISPLAY: inline; COLOR: #0000ff"> provided that a Member, irrespective of
how many</font><font style="DISPLAY: inline; COLOR: #000000"> shares
</font><font style="DISPLAY: inline; COLOR: #0000ff">he holds, </font><font style="DISPLAY: inline; COLOR: #000000">may </font><font style="DISPLAY: inline; COLOR: #0000ff">only </font><font style="DISPLAY: inline; COLOR: #000000">appoint</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> more
than</font><font style="DISPLAY: inline; COLOR: #000000"> one proxy to represent
him and vote on his behalf at a general meetin</font><font style="DISPLAY: inline; COLOR: #000000">g of the Company or at a class
meeting.&#160;&#160;A proxy need not be a Member.&#160;&#160;In addition,
</font><font style="DISPLAY: inline; COLOR: #0000ff">subject to Article 82,
</font><font style="DISPLAY: inline; COLOR: #000000">a proxy or proxies
representing either a Member who is an individual or a Member which is a
corporation shall be entitled to exercise the same power</font><font style="DISPLAY: inline; COLOR: #000000">s on behalf of the Member which he or
they represent as such Member could exercise.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">79.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The</font><font style="DISPLAY: inline; COLOR: #0000ff">90.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Unless otherwise provided in these
Articles, the</font><font style="DISPLAY: inline; COLOR: #000000"> instrument
appointing a proxy shall be in writing under the hand of the </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">appointor
or of his attorney duly a</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">uthorised
in writing</font><font style="DISPLAY: inline; COLOR: #0000ff">Member making the
appointment</font><font style="DISPLAY: inline; COLOR: #000000"> or, if the
appointor is a corporation, either under its seal or under the hand of an
officer, attorney or other person authorised to sign the same.&#160;&#160;In the
case of an instrument of proxy purporting to be si</font><font style="DISPLAY: inline; COLOR: #000000">gned on behalf of a corporation by an
officer thereof it shall be assumed, unless the contrary appears, that such
officer was duly authorised to sign such instrument of proxy on behalf of the
corporation without further evidence of the facts.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">80.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The</font><font style="DISPLAY: inline; COLOR: #0000ff">91.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Unless otherwise provided in these
Articles, the</font><font style="DISPLAY: inline; COLOR: #000000"> instrument
appointing a proxy</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> and (if
required by the Board) the power of attorney or other authority (if any) under
which it is signed, or a certified copy of such power or authority,</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000"> shall be delivered</font><font style="DISPLAY: inline; COLOR: #000000"> to such place or one of such places (if
any) as may be specified for that purpose in or by way of note to or in any
document accompanying the notice convening the meeting (or, if no place is so
specified</font><font style="DISPLAY: inline; COLOR: #0000ff">,</font><font style="DISPLAY: inline; COLOR: #000000"> at the Registration Office or the
Office, as may b</font><font style="DISPLAY: inline; COLOR: #000000">e
appropriate) not less than </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">29</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">forty-eight</font><font style="DISPLAY: inline; COLOR: #0000ff">five</font><font style="DISPLAY: inline; COLOR: #000000"> (</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">48</font><font style="DISPLAY: inline; COLOR: #0000ff">5</font><font style="DISPLAY: inline; COLOR: #000000">) </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">hours</font><font style="DISPLAY: inline; COLOR: #0000ff">days</font><font style="DISPLAY: inline; COLOR: #000000"> before the time appointed for holding
the meeting or adjourned meeting at which the person named in the instrument
proposes to vote</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> or, in
the case of a poll taken subsequently to the date of a m</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">eeting or
adjourned meeting, not less than twenty-four (24) hours before the time
appointed for the taking of the poll and in default the instrument of proxy
shall not be treated as valid</font><font style="DISPLAY: inline; COLOR: #000000">.&#160;&#160;No instrument appointing a
proxy shall be valid after the expirati</font><font style="DISPLAY: inline; COLOR: #000000">on of twelve (12) months from the date
named in it as the date of its execution, except at an adjourned meeting or on a
poll demanded at a meeting or an adjourned meeting in cases where the meeting
was originally held within twelve (12) months from such d</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">te.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Delivery</font><font style="DISPLAY: inline; COLOR: #0000ff">Where multiple instruments of proxy are
received by the Company from the same Member, the first written duly executed
and valid instrument of proxy received by the Company shall prevail, unless an
explicit written statement revoking the previo</font><font style="DISPLAY: inline; COLOR: #0000ff">us instrument(s) appointing a proxy is
made in the subsequent duly executed and valid instrument of proxy received by
the Company. The Board of Directors shall have the final discretion to determine
which instrument of proxy shall be accepted where there </font><font style="DISPLAY: inline; COLOR: #0000ff">i</font><font style="DISPLAY: inline; COLOR: #0000ff">s any dispute.</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; COLOR: #0000ff; FONT-STYLE: italic">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">Unless otherwise provided in these
Articles, delivery</font><font style="DISPLAY: inline; COLOR: #000000"> of an
instrument appointing a proxy shall not preclude a Member from attending and
voting in person at the meeting convened and in such event, the instrument
appointing a proxy shall be d</font><font style="DISPLAY: inline; COLOR: #000000">eemed to be revoked.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">81.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Instruments</font><font style="DISPLAY: inline; COLOR: #0000ff">92.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Unless otherwise provided in these
Articles, instruments</font><font style="DISPLAY: inline; COLOR: #000000"> of
proxy shall be in any</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> common
form or in such other</font><font style="DISPLAY: inline; COLOR: #000000"> form
as the Board may approve (provided that this shall not preclude the use of the
two-way form) and </font><font style="DISPLAY: inline; COLOR: #000000">the Board
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">may, if
it thinks fit,</font><font style="DISPLAY: inline; COLOR: #0000ff">shall</font><font style="DISPLAY: inline; COLOR: #000000"> send out </font><font style="DISPLAY: inline; COLOR: #0000ff">either by post or electronic
transmission on the same delivery day </font><font style="DISPLAY: inline; COLOR: #000000">with the notice of any meeting forms of
instrument of proxy for use at the meeting.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The</font><font style="DISPLAY: inline; COLOR: #0000ff">Such form shall specify therein the
instruction of app</font><font style="DISPLAY: inline; COLOR: #0000ff">ointment,
scope of authorisation, as well as the names of the appointor and the
proxy.&#160;&#160;Unless otherwise provided in these Articles, the</font><font style="DISPLAY: inline; COLOR: #000000"> instrument of proxy shall be deemed to
confer authority to demand or join in demanding a poll and to vote on any
amendm</font><font style="DISPLAY: inline; COLOR: #000000">ent of a resolution
put to the meeting for which it is given as the proxy thinks fit.&#160;&#160;The
instrument of proxy shall, unless the contrary is stated therein, be valid as
well for any adjournment of the meeting as for the meeting to which it
relates.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">82.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">A</font><font style="DISPLAY: inline; COLOR: #0000ff">93.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Unless otherwise provided in these
Articles, a</font><font style="DISPLAY: inline; COLOR: #000000"> vote given in
accordance with the terms of an instrument of proxy shall be valid
notwithstanding the previous death or insanity of the principal, or revocation
of the instrument of proxy or of the authori</font><font style="DISPLAY: inline; COLOR: #000000">ty under which it was executed, provided
that no intimation in writing of such death, insanity or revocation shall have
been received by the Company at the Office or the Registration Office (or such
other place as may be specified for the delivery of inst</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">uments of proxy in the notice convening
the meeting or other document sent therewith) two hours at least before the
commencement of the meeting or adjourned meeting, or the taking of the poll, at
which the instrument of proxy is used.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">94.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">A Member who is</font><font style="DISPLAY: inline; COLOR: #0000ff"> deemed to have appointed the chairman
of the meeting as proxy pursuant to Article 82 shall have the right to appoint
another person as its proxy to attend the meeting, in which case the express
appointment of another proxy shall deemed to have revoked th</font><font style="DISPLAY: inline; COLOR: #0000ff">e</font><font style="DISPLAY: inline; COLOR: #0000ff"> deemed appointment of the chairman as
proxy under Article 82 and the Company shall only count the vote(s) casted by
such expressly appointed proxy at the meeting. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">95.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">Except for an ROC trust enterprise
or stock agencies approved by the competent author</font><font style="DISPLAY: inline; COLOR: #0000ff">ity in the ROC, save with respect to the
chairman being deemed appointed as proxy </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">30</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Times New Roman">B<br></font></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">under Article 82, when a person acts as
the proxy for two or more Members, the total number of voting shares that the
proxy may vote shall not exceed three percent (3%) of t</font><font style="DISPLAY: inline; COLOR: #0000ff">h</font><font style="DISPLAY: inline; COLOR: #0000ff">e total number of voting shares of the
Company; otherwise, such number of voting shares in excess of the aforesaid
threshold shall not be counted towards the number of votes cast for or against
the relevant resolution or the number of voting shares entitl</font><font style="DISPLAY: inline; COLOR: #0000ff">e</font><font style="DISPLAY: inline; COLOR: #0000ff">d to vote on such resolution but shall
be included in the quorum. Upon such exclusion, the number of voting shares
being excluded and attributed to each Member represented by the same proxy shall
be determined on a pro-rata basis based on the total number</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">of voting shares being excluded and the
number of voting shares that such Members have appointed the proxy to vote
for.&#160;&#160;&#160;Where a resolution is to be voted by way of a show of
hands but the Company has knowledge that a proxy may vote in contravention of
t</font><font style="DISPLAY: inline; COLOR: #0000ff">h</font><font style="DISPLAY: inline; COLOR: #0000ff">is Article, the chairman of the general
meeting shall demand a poll pursuant to Article
73.&#160;&#160;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">96.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">To the extent permissible under
Applicable Law and subject to compliance with these Articles (in particular,
Articles 82, 94 and 95) , when a proxy is used </font><font style="DISPLAY: inline; COLOR: #0000ff">by a Member in a general
meeting,&#160;&#160;the relevant provisions under the &#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">ROC Regulations Governing the Use of
Proxies for Attendance at Shareholder Meetings of Public Companies&#8221;</font><font style="DISPLAY: inline; COLOR: #0000ff"> shall also apply. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">83.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Anything
which under these Articles a Member may do by p</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">roxy he
may likewise do by his duly appointed attorney and the provisions of these
Articles relating to proxies and instruments appointing proxies shall apply
mutatis mutandis in relation to any such attorney and the instrument under which
such attorney i</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">s</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">
appointed.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">CORPORATIONS
ACTING BY REPRESENTATIVES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">84.</font><font style="DISPLAY: inline; COLOR: #0000ff">97.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any corporation which is a Member may by
resolution of its directors or other governing body authorise such person as it
thinks fit to act as its representative at any meeting of the Compan</font><font style="DISPLAY: inline; COLOR: #000000">y or at any meeting of any class of
Members.&#160;&#160;The person so authorised shall be entitled to exercise the
same powers on behalf of such corporation as the corporation could exercise if
it were an individual Member and such corporation shall for the
purpose</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000"> of these Articles be deemed to be
present in person at any such meeting if a person so authorised is present
thereat.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If a clearing house (or its nominee(s)),
being a corporation, is a Member, it may authorise such persons as it thinks fit
to act as </font><font style="DISPLAY: inline; COLOR: #000000">its
representatives at any meeting of the Company or at any meeting of any class of
Members provided that the authorisation shall specify the number and class of
shares in respect of which each such representative is so
authorised.&#160;&#160;Each person so authori</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">ed under the provisions of this Article
shall be deemed to have been duly authorised without further evidence of the
facts and be entitled to exercise the same rights and powers on behalf of the
clearing house (or its nominee(s)) as if such person was the</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">registered holder of the shares of the
Company held by the clearing house (or its nominee(s)) including the right to
vote individually on a show of hands.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any reference in these Articles to a
duly authorised representative of a Member being a corporat</font><font style="DISPLAY: inline; COLOR: #000000">ion shall mean a representative
authorised under the provisions of this Article.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">31</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">NO ACTION BY
WRITTEN RESOLUTIONS OF MEMBERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">85.</font><font style="DISPLAY: inline; COLOR: #0000ff">98.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any action required or permitted to be
taken at any annual or extraordinary general meetings of the Company may be
take</font><font style="DISPLAY: inline; COLOR: #000000">n only upon the vote of
the Members at an annual or extraordinary general meeting duly noticed and
convened in accordance with these Articles and the Law and may not be taken by
written resolution of Members without a meeting.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #0000ff; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">ANNULMENT OF
RESOLUTIONS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">9</font><font style="DISPLAY: inline; COLOR: #0000ff">9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">To the extent possible and
permitted by Applicable Law, where the procedures for convening a general
meeting or the proceedings of the general meeting contravene any applicable
laws, regulations, ordinance, Applicable Law or these Articles, any
Member</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">may submit a petition within thirty (30)
days from the date of such general meeting to a competent court having proper
jurisdiction, including, the ROC Taipei District Court, if applicable, for
annulment of such resolution.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">BOARD OF
DIRECTORS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">86.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">U</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">nless
otherwise determined by the Company in general meeting, the</font><font style="DISPLAY: inline; COLOR: #0000ff">100.</font><font style="DISPLAY: inline; COLOR: #0000ff">(1)</font><font style="DISPLAY: inline; COLOR: #0000ff">The</font><font style="DISPLAY: inline; COLOR: #000000"> number of Directors shall not be less
than</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> two
(2)</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;&#160;five
(5).&#160;&#160;The term of office for a Director shall not exceed three (3)
years, and such three-year term restriction shall appl</font><font style="DISPLAY: inline; COLOR: #0000ff">y to any Director elected in the 2009
Annual General Meeting and in any general meeting thereafter</font><font style="DISPLAY: inline; COLOR: #000000">.&#160;&#160;There shall be no maximum
number of Directors unless otherwise determined from time to time by the Members
in general meeting.&#160;&#160;The Directors shall be elec</font><font style="DISPLAY: inline; COLOR: #000000">ted or appointed in </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">the first
place by the subscribers to the Memorandum of Association or by a majority of
them and thereafter in </font><font style="DISPLAY: inline; COLOR: #000000">accordance with </font><font style="DISPLAY: inline; COLOR: #0000ff">this </font><font style="DISPLAY: inline; COLOR: #000000">Article</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">
87</font><font style="DISPLAY: inline; COLOR: #000000"> and</font><font style="DISPLAY: inline; COLOR: #0000ff"> Article 101</font><font style="DISPLAY: inline; COLOR: #000000"> shall hold office until their
successors are elected or appointed.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">A sp</font><font style="DISPLAY: inline; COLOR: #0000ff">ousal relationship and/or a Family
Relationship within the Second Degree of Kinship may not exist among more than
half (1/2) of the members of the Board (the &#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Threshold&#8221;</font><font style="DISPLAY: inline; COLOR: #0000ff">). Where the appointment of any person
having a spousal relationship and/or a Family R</font><font style="DISPLAY: inline; COLOR: #0000ff">e</font><font style="DISPLAY: inline; COLOR: #0000ff">lationship within the Second Degree of
Kinship with any existing member of the Board or with any other person(s) also
nominated for appointment as a director (the &#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Related Person&#8221;</font><font style="DISPLAY: inline; COLOR: #0000ff">) is proposed at a general meeting, only
the following persons may be appoin</font><font style="DISPLAY: inline; COLOR: #0000ff">t</font><font style="DISPLAY: inline; COLOR: #0000ff">ed as a Director:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(i)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">firstly, such person(s) approved
      by the Members by way of ordinary resolution under sub-paragraph (3) below
      and who is not a Related Person;
and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(ii)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">secondly, such number of Related
      Person(s) approved by the Members by way of ordin</font><font style="DISPLAY: inline; COLOR: #0000ff">ary resolution under sub-paragraph
      (3) below and who receive the highest number of votes from the Members for
      its appointment among all the Related Persons the appointment of whom
      would not result in a contravention of the Threshold.&#160;&#160;If the
      existing comp</font><font style="DISPLAY: inline; COLOR: #0000ff">o</font><font style="DISPLAY: inline; COLOR: #0000ff">sition of the Board fails to
      satisfy the </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">32</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt"><font color="#0000ff">Threshold, such Director in office being a Related Person shall
immediately cease to be a Director of the Company. </font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to the Articles and the Law, the
Company may by ordinary resolution elect any person t</font><font style="DISPLAY: inline; COLOR: #000000">o be a Director either to fill a casual
vacancy or as an addition to the existing Board.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The
Directors shall have the power from time to time and at any time to appoint any
person as a Director to fill a casual vacancy on the Board or as an addition
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">to the
existing Board.&#160;&#160;Any Director so appointed by the Board shall hold
office only until the next following annual general meeting of the Company and
shall then be eligible for re-election. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(4)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">When the number of Directors falls below
five (5) due to </font><font style="DISPLAY: inline; COLOR: #0000ff">the
dismissal of a Director or any Director ceases to be a Director of the Company
for any reason, the Company shall hold an election to elect substitute
director(s) at the next following general meeting. When the number of Directors
falls short by one-th</font><font style="DISPLAY: inline; COLOR: #0000ff">i</font><font style="DISPLAY: inline; COLOR: #0000ff">rd (1/3) of the minimum number
prescribed by these Articles, an extraordinary general meeting shall be convened
within sixty (60) days of the occurrence of that fact to hold a by-election of
directors.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(5)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">No Director shall be required to hold
any shares </font><font style="DISPLAY: inline; COLOR: #000000">of the Company
by way of qualification and a Director who is not a Member shall be entitled to
receive notice of and to attend and speak at any general meeting of the Company
and of all classes of shares of the Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">5</font><font style="DISPLAY: inline; COLOR: #0000ff">6</font><font style="DISPLAY: inline; COLOR: #000000">)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to any provision to
th</font><font style="DISPLAY: inline; COLOR: #000000">e contrary in these
Articles,</font><font style="DISPLAY: inline; COLOR: #000000"> a Director may be
removed by way of an ordinary resolution of the Members at any time before the
expiration of his period of office notwithstanding anything in these
</font><font style="DISPLAY: inline; COLOR: #000000">Articles</font><font style="DISPLAY: inline; COLOR: #000000"> or in any agreement between the Company
and such Di</font><font style="DISPLAY: inline; COLOR: #000000">rector (but
without prejudice to any claim for damages under any such
agreement).</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">(7)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">The number of Independent Directors
shall not be less than three (3), and at least one (1) of the Independent
Directors shall domicile in the ROC. The Independent Dire</font><font style="DISPLAY: inline; COLOR: #0000ff">ctors shall possess the requisite
expertise and shall remain independent when performing their
duties.&#160;&#160;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">&#160;(6)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">A vacancy
on the Board created by the removal of a Director under the provisions of
subparagraph (5) above may be filled by the election or appoi</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">ntment by
ordinary resolution of the Members at the meeting at which such Director is
removed or by the affirmative vote of a simple majority of the remaining
Directors present and voting at a Board meeting.</font></font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(8)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">When the number of Independent Directors
falls b</font><font style="DISPLAY: inline; COLOR: #0000ff">elow two (2) due to
the dismissal of an Independent Director or the Independent Director ceases to
be a Director for any reason, the Company shall hold an election for director at
the next following general meeting. When both of the Independent Directors
</font><font style="DISPLAY: inline; COLOR: #0000ff">h</font><font style="DISPLAY: inline; COLOR: #0000ff">ave been dismissed or cease to be
Directors, an extraordinary general meeting shall be convened within sixty (60)
days of the occurrence of that fact to hold a by-election for independent
directors.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">33</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">(7)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The
Company may from time to time in general meeting</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> by
ordinary resolution increase or reduce the number of Directors but so that the
number of Directors shall never be less than two (2).</font></font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(9)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">The Independent Directors shall possess
the requisite professional knowledge and shall maintain independence within
the</font><font style="DISPLAY: inline; COLOR: #0000ff"> scope of their
directorial duties.&#160;&#160;The Independent Directors may not have any direct
or indirect interest in the Company.&#160;&#160;The professional qualification,
restrictions on shareholdings and concurrent positions held, and assessment of
independence shall </font><font style="DISPLAY: inline; COLOR: #0000ff">b</font><font style="DISPLAY: inline; COLOR: #0000ff">e subject to the relevant rules of the
ROC Securities and Exchange Act.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">RETIREMENT
OF DIRECTORS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">87.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Notwithstanding
any other provisions in the</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">
Articles, at</font><font style="DISPLAY: inline; COLOR: #0000ff">101.</font><font style="DISPLAY: inline; COLOR: #0000ff">(1)</font><font style="DISPLAY: inline; COLOR: #0000ff">At</font><font style="DISPLAY: inline; COLOR: #000000"> each annual general meeting one-third
of the Directors for the time being (or, i</font><font style="DISPLAY: inline; COLOR: #000000">f their number is not a multiple of
three (3), the number nearest to but not greater than one-third) shall retire
from office by rotation</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> provided
that notwithstanding anything herein, the chairman of the Board and/or the
managing director of the Company s</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">hall not,
whilst holding such office,</font><font style="DISPLAY: inline; COLOR: #0000ff">.&#160;&#160;Every Director
shall</font><font style="DISPLAY: inline; COLOR: #000000"> be subject to
retirement </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">by
rotation or be taken into account in determining the number of Directors to
retire in each year.</font><font style="DISPLAY: inline; COLOR: #0000ff">at an
annual general meeting at least once every three years and in acc</font><font style="DISPLAY: inline; COLOR: #0000ff">ordance with Article 100 (1), the term
of office for any Director elected in the 2009 Annual General Meeting and in any
general meeting thereafter shall not exceed three (3) years.
</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A retiring Director shall be eligible
for re-election.&#160;&#160;The Directors</font><font style="DISPLAY: inline; COLOR: #000000"> to retire by rotation shall include (so
far as necessary to ascertain the number of directors to retire by rotation) any
Director who wishes to retire and not to offer himself for
re-election.&#160;&#160;Any further Directors so to retire shall be those of the
oth</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">r Directors subject to retirement by
rotation who have been longest in office since their last re-election or
appointment and so that as between persons who became or were last re-elected
Directors on the same day those to retire shall (unless they otherw</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">se agree among themselves) be determined
by lot.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Any
Director appointed pursuant to Article 86(2) or Article 86(3) shall not be taken
into account in determining which particular Directors or the number of
Directors who are to retire by rotation.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">88.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">N</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">o</font><font style="DISPLAY: inline; COLOR: #0000ff">102.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Subject to Article 103, no</font><font style="DISPLAY: inline; COLOR: #000000"> person other than a Director retiring
at the meeting shall, unless recommended by the Directors for election, be
eligible for election as a Director at any general meeting unless a Notice
signed by a Member (other than the</font><font style="DISPLAY: inline; COLOR: #000000"> person to be proposed) duly qualified
to attend and vote at the meeting for which such notice is given of his
intention to propose such person for election and also a Notice signed by the
person to be proposed of his willingness to be elected shall have </font><font style="DISPLAY: inline; COLOR: #000000">b</font><font style="DISPLAY: inline; COLOR: #000000">een lodged at the head office or at the
Registration Office </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">provided
that the minimum length of the period, during which such Notice(s) are given,
shall be at least seven (7) days and that the period for lodgment of such
Notice(s) shall commence no earlier</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> than the
day after the dispatch of the notice of the general meeting appointed for such
election and end no later than seven (7)</font><font style="DISPLAY: inline; COLOR: #0000ff">not less than 7</font><font style="DISPLAY: inline; COLOR: #000000"> days prior to the date of such general
meeting.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">DISQUALIFICATION
OF DIRECTORS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">34</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">103.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Any&#160;&#160;person who
falls w</font><font style="DISPLAY: inline; COLOR: #0000ff">ithin any of the
following categories shall not be appointed a Director of the Company by the
Members.&#160;&#160;If for any reason he became a Director, he shall cease to be
a Director of the Company forthwith upon the Company having actual notice that a
breach of</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">this Article 103 has been made without
any action required on the part of the Company: </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">any person having committed an offence
as specified in the ROC statute of prevention of&#160;&#160;organizational
crimes and subsequently adjudicated guilty by a final judgm</font><font style="DISPLAY: inline; COLOR: #0000ff">ent, and the time elapsed after he has
served the full term of the sentence is less than five (5)
years;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">any person having committed an offence
involving fraud, breach of trust or misappropriation and subsequently punished
with imprisonment for a term</font><font style="DISPLAY: inline; COLOR: #0000ff"> of more than one year, and the time
elapsed after he has served the full term of such sentence is less than two (2)
years;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">any person having been adjudicated
guilty by a final judgment for misappropriating public funds during the time of
his public s</font><font style="DISPLAY: inline; COLOR: #0000ff">ervice, and the
time elapsed after he has served the full term of such sentence is less than two
(2) years;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(4)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">any person having been adjudicated
bankrupt, and has not been reinstated to his rights and
privileges;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(5)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">any person having been dishonored
f</font><font style="DISPLAY: inline; COLOR: #0000ff">or unlawful use of credit
instruments, and the term of such sanction has not expired yet;
or</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(6)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">any person having no or only limited
capacity. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">89.</font><font style="DISPLAY: inline; COLOR: #0000ff">104.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The office of a Director shall be
vacated if the Director:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">resigns his office by notice in
writ</font><font style="DISPLAY: inline; COLOR: #000000">ing delivered to the
Company at the Office or tendered at a meeting of the Board;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">becomes of unsound mind or
      dies;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">without special leave of absence from
the Board, is absent from meetings of the Board for six consecutive months and
the Board res</font><font style="DISPLAY: inline; COLOR: #000000">olves that his
office be vacated; or</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(4)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">becomes bankrupt</font><font style="DISPLAY: inline; COLOR: #0000ff">,</font><font style="DISPLAY: inline; COLOR: #000000"> or has a receiving order made against
him or suspends payment or compounds with his creditors;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(5) </font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">is prohibited by law from being a
      Director; </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(6)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">ceases to be a Director by virtue of any
</font><font style="DISPLAY: inline; COLOR: #000000">provision of the
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Statutes</font><font style="DISPLAY: inline; COLOR: #0000ff">Statute</font><font style="DISPLAY: inline; COLOR: #000000"> or is removed from office pursuant to
these Articles</font><font style="DISPLAY: inline; COLOR: #0000ff">;&#160;&#160;or</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #0000ff">(7)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">if the existing composition of the Board
fails to satisfy the Threshold, such Director in office being a Related Person
as referred to Article 100(2)(ii)</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">35</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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          </div>
        </div>
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          </div>
        </div>
        <div>&#160;</div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">E</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">XECUTIVE
DIRECTORS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">90.</font><font style="DISPLAY: inline; COLOR: #0000ff">105.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may from time to time appoint
any one or more of its body to be a managing director, joint managing director
or deputy managing director or to hold any other employment or executive office
with the Company for such pe</font><font style="DISPLAY: inline; COLOR: #000000">riod (subject to their continuance as
Directors) and upon such terms as the Board may determine and the Board may
revoke or terminate any of such appointments.&#160;&#160;Any such revocation or
termination as aforesaid shall be without prejudice to any claim for
da</font><font style="DISPLAY: inline; COLOR: #000000">m</font><font style="DISPLAY: inline; COLOR: #000000">ages that such Director may have against
the Company or the Company may have against such Director.&#160;&#160;A Director
appointed to an office under this Article shall be subject to the same
provisions as to removal as the other Directors of the Company, and he
s</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">all (subject to the provisions of any
contract between him and the Company) ipso facto and immediately cease to hold
such office if he shall cease to hold the office of Director for any
cause.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">91.</font><font style="DISPLAY: inline; COLOR: #0000ff">106.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Notwithstanding Articles</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">96, 97,
98 and 99,</font><font style="DISPLAY: inline; COLOR: #0000ff">111 to
11</font><font style="DISPLAY: inline; COLOR: #0000ff">3,</font><font style="DISPLAY: inline; COLOR: #000000"> an executive director appointed to an
office under Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">90</font><font style="DISPLAY: inline; COLOR: #0000ff">105</font><font style="DISPLAY: inline; COLOR: #000000"> hereof shall receive such remuneration
(whether by way of salary, commission, participation in profits or otherwise or
by all or any of those modes) and such other benefits (including
pens</font><font style="DISPLAY: inline; COLOR: #000000">ion and/or gratuity
and/or other benefits on retirement) and allowances as the Board may from time
to time determine, and either in addition to or in lieu of his remuneration as a
Director.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">ALTERNATE
DIRECTORS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">92.</font><font style="DISPLAY: inline; COLOR: #0000ff">107.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any Director may at any time by
N</font><font style="DISPLAY: inline; COLOR: #000000">otice delivered to the
Office or head office or at a meeting of the Directors appoint any person
(including another Director) to be his alternate Director.&#160;&#160;Any person
so appointed shall have all the rights and powers of the Director or Directors
for whom</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">such person is appointed in the
alternative provided that such person shall not be counted more than once in
determining whether or not a quorum is present.&#160;&#160;An alternate Director
may be removed at any time by the body which appointed him and, subject
the</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">eto, the office of alternate Director
shall continue until the happening of any event which, if we were a Director,
would cause him to vacate such office or if his appointer ceases for any reason
to be a Director. Any appointment or removal of an alternat</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> Director shall be effected by Notice
signed by the appointor and delivered to the Office or head office or tendered
at a meeting of the Board.&#160;&#160;An alternate Director may also be a
Director in his own right and may act as alternate to more than one
Direct</font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">r.&#160;&#160;An alternate Director
shall, if his appointor so requests, be entitled to receive notices of meetings
of the Board or of committees of the Board to the same extent as, but in lieu
of, the Director appointing him and shall be entitled to such extent
to</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">attend and vote as a Director at any
such meeting at which the Director appointing him is not personally present and
generally at such meeting to exercise and discharge all the functions, powers
and duties of his appointor as a Director and for the purpos</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">s of the proceedings at such meeting the
provisions of these</font><font style="DISPLAY: inline; COLOR: #000000">
Articles shall apply as if he were a Director save that as an alternate for more
than one Director his voting rights shall be cumulative.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">93.</font><font style="DISPLAY: inline; COLOR: #0000ff">108.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">An alternate Director shall only be a
Director </font><font style="DISPLAY: inline; COLOR: #000000">for the purposes
of the Law and shall only be subject to the provisions of the Law insofar as
they relate to the duties and obligations of a Director when performing the
functions of the Director for whom he is </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">36</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">appointed in the alternative and shall
alone</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">be responsible to the Company for his
acts and defaults and shall not be deemed to be the agent of or for the Director
appointing him.&#160;&#160;An alternate Director shall be entitled to contract
and be interested in and benefit from contracts or arrangements or </font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">ransactions and to be repaid expenses
and to be indemnified by the Company to the same extent mutatis mutandis as if
he were a Director but he shall not be entitled to receive from the Company any
fee in his capacity as an alternate Director except only s</font><font style="DISPLAY: inline; COLOR: #000000">u</font><font style="DISPLAY: inline; COLOR: #000000">ch part, if any, of the remuneration
otherwise payable to his appointor as such appointor may by Notice to the
Company from time to time direct.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">94.</font><font style="DISPLAY: inline; COLOR: #0000ff">109.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Every person acting as an alternate
Director shall have one vote for each Director for whom he acts a</font><font style="DISPLAY: inline; COLOR: #000000">s alternate (in addition to his own vote
if he is also a Director).&#160;&#160;If his appointor is for the time being
absent from the </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Republic
of China</font><font style="DISPLAY: inline; COLOR: #0000ff">ROC</font><font style="DISPLAY: inline; COLOR: #000000"> or otherwise not available or unable to
act, the signature of an alternate Director to any resolution in
writin</font><font style="DISPLAY: inline; COLOR: #000000">g of the Board or a
committee of the Board of which his appointor is a member shall, unless the
notice of his appointment provides to the contrary, be as effective as the
signature of his appointor.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">95.</font><font style="DISPLAY: inline; COLOR: #0000ff">110.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">An alternate Director shall ipso facto
cease to</font><font style="DISPLAY: inline; COLOR: #000000"> be an alternate
Director if his appointor ceases for any reason to be a Director, however, such
alternate Director or any other person may be re-appointed by the Directors to
serve as an alternate Director PROVIDED always that, if at any meeting any
Dire</font><font style="DISPLAY: inline; COLOR: #000000">c</font><font style="DISPLAY: inline; COLOR: #000000">tor retires but is re-elected at the
same meeting, any appointment of such alternate Director pursuant to these
Articles which was in force immediately before his retirement shall remain in
force as though he had not retired.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">DIRECTORS</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline"> FEES AND
EXPENSE</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">S</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">96.</font><font style="DISPLAY: inline; COLOR: #0000ff">111.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The ordinary remuneration of the
Directors shall from time to time be determined by the Board</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">.</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">97.</font><font style="DISPLAY: inline; COLOR: #0000ff">, taking into consideration of the
market standards as well as the standards of other companies listed on the
Designated Stock Exchange(s).</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Each </font><font style="DISPLAY: inline; COLOR: #000000">Director shall be entitled to be repaid
or prepaid all travelling, hotel and incidental expenses reasonably incurred or
expected to be incurred by him in attending meetings of the Board or committees
of the Board or general meetings or separate meetings o</font><font style="DISPLAY: inline; COLOR: #000000">f</font><font style="DISPLAY: inline; COLOR: #000000"> any class of shares or of debentures of
the Company or otherwise in connection with the discharge of his duties as a
Director.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">98.</font><font style="DISPLAY: inline; COLOR: #0000ff">112.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any Director who, by request, goes or
resides abroad for any purpose of the Company or who performs services which
in</font><font style="DISPLAY: inline; COLOR: #000000"> the opinion of the Board
go beyond the ordinary duties of a Director may be paid such extra remuneration
(whether by way of salary, commission, participation in profits or otherwise) as
the Board</font><font style="DISPLAY: inline; COLOR: #0000ff">, taking into
consideration of the market standards as well </font><font style="DISPLAY: inline; COLOR: #0000ff">as the standards of other companies
listed on the Designated Stock Exchange(s),</font><font style="DISPLAY: inline; COLOR: #000000"> may determine and such extra
</font><font style="DISPLAY: inline; COLOR: #000000">remuneration shall be in
addition to or in substitution for any ordinary remuneration provided for by or
pursuant to any other Article.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">99.</font><font style="DISPLAY: inline; COLOR: #0000ff">113.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">T</font><font style="DISPLAY: inline; COLOR: #000000">he Board is authorized to make any
payment to any Director or past Director of the Company by way of compensation
for loss of office, or as consideration for or in connection with his retirement
from office.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">37</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">DIRECTORS</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">
INTERESTS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">100.</font><font style="DISPLAY: inline; COLOR: #0000ff">114.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A Director may</font><font style="DISPLAY: inline; COLOR: #000000">:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">hold any other office or place of
      profit with the Company (except that of </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditor</font><font style="DISPLAY: inline; COLOR: #0000ff">the Audit Committee, except in the
      case of an Independent Director</font><font style="DISPLAY: inline; COLOR: #000000">) in conjunction with his office
      of Director for such period and upon such terms as the Board may
      det</font><font style="DISPLAY: inline; COLOR: #000000">ermine.&#160;&#160;Any
      remuneration (whether by way of salary, commission, participation in
      profits or otherwise) paid to any Director in respect of any such other
      office or place of profit shall be in addition to any remuneration
      provided for by or pursuant to any</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">other
    Article;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">act </font><font style="DISPLAY: inline; COLOR: #000000">by himself or his firm in a
      professional capacity for the Company (otherwise than as </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditor</font><font style="DISPLAY: inline; COLOR: #0000ff">the Audit Committee, except in the
      case of an Independent Director</font><font style="DISPLAY: inline; COLOR: #000000">) and he or his firm may be
      remunerated for professional services as if </font><font style="DISPLAY: inline; COLOR: #000000">he were not a
      Director;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">continue to be or become a
      director, managing director, joint managing director, deputy managing
      director, executive director, manager or other officer or member of any
      other company promoted by the Company or in which the Com</font><font style="DISPLAY: inline; COLOR: #000000">pany may be interested as a
      vendor, shareholder or otherwise and (unless otherwise agreed) no such
      Director shall be accountable for any remuneration, profits or other
      benefits received by him as a director, managing director, joint managing
      director, dep</font><font style="DISPLAY: inline; COLOR: #000000">u</font><font style="DISPLAY: inline; COLOR: #000000">ty managing director, executive
      director, manager or other officer or member of or from his interests in
      any such other company.&#160;&#160;Subject as otherwise provided by these
      Articles the Directors may exercise or cause to be exercised the voting
      powers conferr</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">d by the shares in any other
      company held or owned by the Company, or exercisable by them as Directors
      of such other company in such manner in all respects as they think fit
      (including the exercise thereof in favour of any resolution appointing
      themselves</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">or any of them directors, managing
      directors, joint managing directors, deputy managing directors, executive
      directors, managers or other officers of such company) or voting or
      providing for the payment of remuneration to the director, managing
      director, </font><font style="DISPLAY: inline; COLOR: #000000">j</font><font style="DISPLAY: inline; COLOR: #000000">oint managing director, deputy
      managing director, executive director, manager or other officers of such
      other company and any Director may vote in favour of the exercise of such
      voting rights in manner aforesaid notwithstanding that he may be, or about
      to</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">be, appointed a director, managing
      director, joint managing director, deputy managing director, executive
      director, manager or other officer of such a company, and that as such he
      is or may become interested in the exercise of such voting rights in
      manner</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">aforesaid.</font></font></div>
              </td>
            </tr>
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      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Notwithstanding the foregoing, no
&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Independent
Director&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> as defined in
NASD Rules or in Rule 10A-3 under the Exchange Act</font><font style="DISPLAY: inline; COLOR: #0000ff"> or in the ROC Company Law</font><font style="DISPLAY: inline; COLOR: #000000">, and with respect of whom the Board has
determined constitutes an &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Independent Director&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> for pu</font><font style="DISPLAY: inline; COLOR: #000000">rposes of compliance with applicable law
or the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s listing requirements, shall without
the consent of the Audit Committee take any of the foregoing actions or any
other action that </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">38</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">would reasonably be likely to affect
such Director</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s status as an &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">I</font><font style="DISPLAY: inline; COLOR: #000000">ndependent Director&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> of the Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">101.</font><font style="DISPLAY: inline; COLOR: #0000ff">115.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to the Law and to these
Articles, no Director or proposed or intending Director shall be disqualified by
his office from contracting with the Company, either with regard to his tenure
of any office or</font><font style="DISPLAY: inline; COLOR: #000000"> place of
profit or as vendor, purchaser or in any other manner whatever, nor shall any
such contract or any other contract or arrangement in which any Director is in
any way interested be liable to be avoided, nor shall any Director so
contracting or bei</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">g so interested be liable to account to
the Company or the Members for any remuneration, profit or other benefits
realised by any such contract or arrangement by reason of such Director holding
that office or of the fiduciary relationship thereby establis</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">ed provided that such Director shall
disclose the nature of his interest in any contract or arrangement in which he
is interested in accordance with Article</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">102</font><font style="DISPLAY: inline; COLOR: #0000ff">116</font><font style="DISPLAY: inline; COLOR: #000000"> herein.&#160;&#160;Any such transaction
that would reasonably be likely to affect a Director</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s status </font><font style="DISPLAY: inline; COLOR: #000000">as an &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Independent Director&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">, or that would constitute a
&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">related party
transaction&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> as defined by
Item 7.N of Form 20F promulgated by the SEC, shall require the approval of the
Audit Committee.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">102.</font><font style="DISPLAY: inline; COLOR: #0000ff">116.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A Director who to his knowledge is in
any way, whe</font><font style="DISPLAY: inline; COLOR: #000000">ther directly
or indirectly, interested in a contract or arrangement or proposed contract or
arrangement with the Company shall </font><font style="DISPLAY: inline; COLOR: #0000ff">disclose his interest to the Audit
Committee in accordance with Article 172(d) and </font><font style="DISPLAY: inline; COLOR: #000000">declare the nature of his interest at
the mee</font><font style="DISPLAY: inline; COLOR: #000000">ting of the Board at
which the question of entering into the contract or arrangement is first
considered, if he knows his interest then exists, or in any other case at the
first meeting of the Board after he knows that he is or has become so
interested.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000">F</font><font style="DISPLAY: inline; COLOR: #000000">or the purposes of this </font><font style="DISPLAY: inline; COLOR: #000000">Article</font><font style="DISPLAY: inline; COLOR: #000000">, a general Notice to the
Board</font><font style="DISPLAY: inline; COLOR: #0000ff"> and the Audit
Committee</font><font style="DISPLAY: inline; COLOR: #000000"> by a Director to
the effect that:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">he is a member or officer of a
      specified company or firm and is to be regarded as interested in any
      contract or arrangement which </font><font style="DISPLAY: inline; COLOR: #000000">may after the date of the Notice
      be made with that company or firm;
or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">he is to be regarded as interested
      in any contract or arrangement which may after the date of the Notice be
      made with a specified person who is connected with
    him;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">shall be deemed</font><font style="DISPLAY: inline; COLOR: #000000"> to be a sufficient declaration of
interest under this</font><font style="DISPLAY: inline; COLOR: #000000">
Article</font><font style="DISPLAY: inline; COLOR: #000000"> in relation to any
such contract or arrangement, provided that no such Notice shall be effective
unless either it is given at a meeting of the Board or the Director takes
reasonable steps to se</font><font style="DISPLAY: inline; COLOR: #000000">cure
that it is brought up and read at the next Board meeting after it is
given.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">103.</font><font style="DISPLAY: inline; COLOR: #0000ff">117.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Following
a declaration being made pursuant to the last preceding two Articles, subject to
any separate requirement for Audit Committee approval under applicable
la</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">w or the
listing rules of the Company</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">&#8217;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">s
Designated Stock Exchange, and unless disqualified by the chairman of the
relevant Board meeting,</font><font style="DISPLAY: inline; COLOR: #0000ff">At a
Board meeting or in connection with a written board resolution under Article
137,</font><font style="DISPLAY: inline; COLOR: #000000"> a Director
may</font><font style="DISPLAY: inline; COLOR: #0000ff"> not</font><font style="DISPLAY: inline; COLOR: #000000"> vote in respe</font><font style="DISPLAY: inline; COLOR: #000000">ct of any contract or proposed contract
or arrangement in which such Director </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">is
interested and may</font><font style="DISPLAY: inline; COLOR: #0000ff">bears a
personal interest which may conflict with and impair the interest of the Company
but the Director shall</font><font style="DISPLAY: inline; COLOR: #000000"> be
counted in the quorum </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">at
such</font><font style="DISPLAY: inline; COLOR: #0000ff">for
convening</font><font style="DISPLAY: inline; COLOR: #0000ff"> the
board</font><font style="DISPLAY: inline; COLOR: #000000">
meeting.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">39</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">GENERAL
POWERS OF THE DIRECTORS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">104.</font><font style="DISPLAY: inline; COLOR: #0000ff">118.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The business of the Company shall be
managed and conducted by the Board, which may pay all expenses incurred in
forming and registering the Company and may exercise all powers of the
Co</font><font style="DISPLAY: inline; COLOR: #000000">mpany (whether relating
to the management of the business of the Company or otherwise) which are not by
the Statutes or by these</font><font style="DISPLAY: inline; COLOR: #000000">
Articles</font><font style="DISPLAY: inline; COLOR: #000000"> required to be
exercised by the Company in general meeting, subject nevertheless to the
provisions of the Statutes and</font><font style="DISPLAY: inline; COLOR: #000000"> of these</font><font style="DISPLAY: inline; COLOR: #000000"> Articles</font><font style="DISPLAY: inline; COLOR: #000000"> and to such regulations being not
inconsistent with such provisions, as may be prescribed by the Company in
general meeting, but no regulations made by the Company in general meeting shall
invalidate any prior act of the Board which woul</font><font style="DISPLAY: inline; COLOR: #000000">d have been valid if such regulations
had not been made.&#160;&#160;The general powers given by this Article shall not
be limited or restricted by any special authority or power given to the Board by
any other Article.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any person contracting or dealing with
the</font><font style="DISPLAY: inline; COLOR: #000000"> Company in the ordinary
course of business shall be entitled to rely on any written or oral contract or
agreement or deed, document or instrument entered into or executed as the case
may be by any two of the Directors acting jointly on behalf of the
Comp</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">ny and the same shall be deemed to be
validly entered into or executed by the Company as the case may be and shall,
subject to any rule of law, be binding on the Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Without prejudice to the general powers
conferred by these</font><font style="DISPLAY: inline; COLOR: #000000">
Articles</font><font style="DISPLAY: inline; COLOR: #000000"> it is
hereby</font><font style="DISPLAY: inline; COLOR: #000000"> expressly declared
that the Board shall have the following powers:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">To give to any person the right or
      option of requiring at a future date that an allotment shall be made to
      him of any share at par or at such premium as may be
      agreed.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">To give to</font><font style="DISPLAY: inline; COLOR: #000000"> any Directors, officers or
      employees of the Company an interest in any particular business or
      transaction or participation in the profits thereof or in the general
      profits of the Company either in addition to or in substitution for a
      salary or other remu</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">eration.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">To resolve that the Company be
      deregistered in the Cayman Islands and continued in a named jurisdiction
      outside the Cayman Islands subject to the provisions of the
      Law.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">105.</font><font style="DISPLAY: inline; COLOR: #0000ff">119.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may establish any regional or
local boards or agenci</font><font style="DISPLAY: inline; COLOR: #000000">es
for managing any of the affairs of the Company in any place, and may appoint any
persons to be members of such local boards, or any managers or agents, and may
fix their remuneration (either by way of salary or by commission or by
conferring the right </font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">o participation in the profits of the
Company or by a combination of two or more of these modes) and pay the working
expenses of any staff employed by them upon the business of the
Company.&#160;&#160;The Board may delegate to any regional or local board,
manager o</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000"> agent any of the powers, authorities
and discretions vested in or exercisable by the Board (other than its powers to
make calls and forfeit shares), with power to sub-delegate, and may authorise
the members of any of them to fill any vacancies therein an</font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000"> to act notwithstanding
vacancies.&#160;&#160;Any such appointment </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">or delegation may be made upon such
terms and subject to such conditions as the Board may think fit, and the Board
may remove any person appointed as aforesaid, and may revoke or vary such
delegatio</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">, but no person dealing in good faith
and without notice of any such revocation or variation shall be affected
thereby.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">106.</font><font style="DISPLAY: inline; COLOR: #0000ff">120.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may by power of attorney
appoint any company, firm or person or any fluctuating body of persons, whether
nominated </font><font style="DISPLAY: inline; COLOR: #000000">directly or
indirectly by the Board, to be the attorney or attorneys of the Company for such
purposes and with such powers, authorities and discretions (not exceeding those
vested in or exercisable by the Board under these</font><font style="DISPLAY: inline; COLOR: #000000"> Articles</font><font style="DISPLAY: inline; COLOR: #000000">) and for such period and</font><font style="DISPLAY: inline; COLOR: #000000"> subject to such conditions as it may
think fit, and any such power of attorney may contain such provisions for the
protection and convenience of persons dealing with any such attorney as the
Board may think fit, and may also authorise any such attorney t</font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000"> sub-delegate all or any of the powers,
authorities and discretions vested in him. Such attorney or attorneys may, if so
authorised under the Seal of the Company, execute any deed or instrument under
their personal seal with the same effect as the affixat</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">on of the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s Seal.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">107.</font><font style="DISPLAY: inline; COLOR: #0000ff">121.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may entrust to and confer upon
a managing director, joint managing director, deputy managing director, an
executive director or any Director any of the powers exercisable by it upon such
terms and conditions a</font><font style="DISPLAY: inline; COLOR: #000000">nd
with such restrictions as it thinks fit, and either collaterally with, or to the
exclusion of, its own powers, and may from time to time revoke or vary all or
any of such powers but no person dealing in good faith and without notice of
such revocation </font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">r variation shall be affected
thereby.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">108.</font><font style="DISPLAY: inline; COLOR: #0000ff">122.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">All cheques, promissory notes, drafts,
bills of exchange and other instruments, whether negotiable or transferable or
not, and all receipts for moneys paid to the Company shall be signed, drawn,
accepted, </font><font style="DISPLAY: inline; COLOR: #000000">endorsed or
otherwise executed, as the case may be, in such manner as the Board shall from
time to time by resolution determine.&#160;&#160;The Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s banking accounts shall be kept with
such banker or bankers as the Board shall from time to time
determine.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">109.</font><font style="DISPLAY: inline; COLOR: #0000ff">123.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may establish or concur or
join with other companies (being subsidiary companies of the Company or
companies with which it is associated in business) in establishing and making
contributions out of the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s moneys to any schemes or </font><font style="DISPLAY: inline; COLOR: #000000">funds for providing pensions, sickness
or compassionate allowances, life assurance or other benefits for employees
(which expression as used in this and the following paragraph shall include any
Director or ex-Director who may hold or have held any execut</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">ve office or any office of profit under
the Company or any of its subsidiary companies) and ex-employees of the Company
and their dependants or any class or classes of such person.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may pay, enter into agreements
to pay or make grants of revo</font><font style="DISPLAY: inline; COLOR: #000000">cable or irrevocable pensions or other
benefits to employees and ex-employees and their dependants, or to any of such
persons, including pensions or benefits additional to those, if any, to which
such employees or ex-employees or their dependants are or m</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">y become entitled under any such scheme
or fund as mentioned in the last preceding paragraph.&#160;&#160;Any such
pension or benefit may, as the Board considers desirable, be granted to an
employee either before and in anticipation of or upon or at any time after
h</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">s actual retirement, and may be subject
or not subject to any terms or conditions as the Board may
determine.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">124.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">At the close of each fiscal year, the
Board shall prepare the business report, financial statements and the surplus
earning distribution or</font><font style="DISPLAY: inline; COLOR: #0000ff">
loss offsetting proposals for adoption by the general meeting, and upon adoption
by the general meeting, distribute to each Member copies of adopted financial
statements and the resolutions on the surplus earning distribution and/or loss
offsetting in ac</font><font style="DISPLAY: inline; COLOR: #0000ff">c</font><font style="DISPLAY: inline; COLOR: #0000ff">ordance with these Articles and
Applicable Law. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">BORROWING
POWERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">110.</font><font style="DISPLAY: inline; COLOR: #0000ff">125.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may exercise all the powers of
the Company to raise or borrow money and to mortgage or charge all or any part
of the undertaking, property and assets (present and fut</font><font style="DISPLAY: inline; COLOR: #000000">ure) and uncalled capital of the Company
and, subject to the Law, to issue debentures, bonds and other securities,
whether outright or as collateral security for any debt, liability or obligation
of the Company or of any third party.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">111.</font><font style="DISPLAY: inline; COLOR: #0000ff">126.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Debentures,</font><font style="DISPLAY: inline; COLOR: #000000"> bonds and other securities may be made
assignable free from any equities between the Company and the person to whom the
same may be issued.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">112.</font><font style="DISPLAY: inline; COLOR: #0000ff">127.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any debentures, bonds or other
securities may be issued at a discount (other than shares), premium or
ot</font><font style="DISPLAY: inline; COLOR: #000000">herwise and with any
special privileges as to redemption, surrender, drawings, allotment of shares,
attending and voting at general meetings of the Company, appointment of
Directors and otherwise.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">113.</font><font style="DISPLAY: inline; COLOR: #0000ff">128.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Where any uncalled capital of the
Company is </font><font style="DISPLAY: inline; COLOR: #000000">charged, all
persons taking any subsequent charge thereon shall take the same subject to such
prior charge, and shall not be entitled, by notice to the Members or otherwise,
to obtain priority over such prior charge.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board shall cause a proper
re</font><font style="DISPLAY: inline; COLOR: #000000">gister to be kept, in
accordance with the provisions of the Law, of all charges specifically affecting
the property of the Company and of any series of debentures issued by the
Company and shall duly comply with the requirements of the Law in regard to
th</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> registration of charges and debentures
therein specified and otherwise.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">PROCEEDINGS
OF THE DIRECTORS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">114.</font><font style="DISPLAY: inline; COLOR: #0000ff">129.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may meet for the despatch of
business, adjourn and otherwise regulate its meetings as it considers
appropriate.&#160;&#160;Questions arising</font><font style="DISPLAY: inline; COLOR: #000000"> at any meeting shall be determined by a
majority of votes.&#160;&#160;In the case of any equality of votes the chairman
of the meeting shall have an additional or casting vote.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">115.</font><font style="DISPLAY: inline; COLOR: #0000ff">130.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A meeting of the Board may be convened
by the Secretary on request of a Dire</font><font style="DISPLAY: inline; COLOR: #000000">ctor or by any Director.&#160;&#160;The
Secretary shall convene a meeting of the Board of which notice may be given in
writing or by telephone or in such other manner as the Board may from time to
time determine whenever he shall be required so to do by the preside</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">t or chairman, as the case may be, or
any Director.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">116.</font><font style="DISPLAY: inline; COLOR: #0000ff">131.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The quorum necessary for the transaction
of the business of the Board may be fixed by the Board and, unless so fixed at
any other number, shall be a majority of the Board.&#160;&#160;An alternate
Di</font><font style="DISPLAY: inline; COLOR: #000000">rector shall be counted
in a quorum in the case of the absence of a Director for whom he is the
alternate provided that he shall not be counted more than once for the purpose
of determining whether or not a quorum is present.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Directors may participate</font><font style="DISPLAY: inline; COLOR: #000000"> in any meeting of the Board by means of
a conference telephone or other communications equipment through which all
persons participating in the meeting can communicate with each other
simultaneously and instantaneously and, for the purpose of counting a
</font><font style="DISPLAY: inline; COLOR: #000000">q</font><font style="DISPLAY: inline; COLOR: #000000">uorum, such participation shall
constitute presence at a meeting as if those participating were present in
person.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any Director who ceases to be a Director
at a Board meeting may continue to be present and to act as a Director and be
counted in the qu</font><font style="DISPLAY: inline; COLOR: #000000">orum until
the termination of such Board meeting if no other Director objects and if
otherwise a quorum of Directors would not be present.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">117.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The</font><font style="DISPLAY: inline; COLOR: #0000ff">132.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Subject to Article 100(4),
the</font><font style="DISPLAY: inline; COLOR: #000000"> continuing Directors or
a sole continuing Director may act notwithstan</font><font style="DISPLAY: inline; COLOR: #000000">ding any vacancy in the Board
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">but, if
and so long as</font><font style="DISPLAY: inline; COLOR: #0000ff">or</font><font style="DISPLAY: inline; COLOR: #000000"> the number of Directors is</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">
reduced</font><font style="DISPLAY: inline; COLOR: #000000"> below the minimum
number fixed by or in accordance with these Articles</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">, the
continuing Directors or Director, notwithstanding that the number of Directors
is below th</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">e number
fixed by or in accordance with these Articles as the quorum or that there is
only one continuing Director, may act for the purpose of filling vacancies in
the Board or of summoning general meetings of the Company but not for any other
purpose</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">118.</font><font style="DISPLAY: inline; COLOR: #0000ff">133.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Chairman of the Board shall be the
chairman of all meetings of the Board.&#160;&#160;If the Chairman of the Board
is not present at any meeting within five (5) minutes after the time appointed
for holding the same, the Directors present may choose one </font><font style="DISPLAY: inline; COLOR: #000000">of their number to be chairman of the
meeting.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">119.</font><font style="DISPLAY: inline; COLOR: #0000ff">134.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A meeting of the Board at which a quorum
is present shall be competent to exercise all the powers, authorities and
discretions for the time being vested in or exercisable by the
Board.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">120.</font><font style="DISPLAY: inline; COLOR: #0000ff">135.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may delegate any of its
powers, authorities and discretions to committees (including, without
limitation, an audit committee), consisting of such Director or Directors and
other persons as it thinks fit, and they may, from time to time, revoke
</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">uch delegation or revoke the appointment
of and discharge any such committees either wholly or in part, and either as to
persons or purposes.&#160;&#160;Any committee so formed shall, in the exercise
of the powers, authorities and discretions so delegated, conform </font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">o any regulations which may be imposed
on it by the Board.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">All acts done by any such committee in
conformity with such regulations, and in fulfilment of the purposes for which it
was appointed, but not otherwise, shall have like force and effect as
if</font><font style="DISPLAY: inline; COLOR: #000000"> done by the Board, and
the Board (or if the Board delegates such power, the committee) shall have power
to remunerate the members of any such committee, and charge such remuneration to
the current expenses of the Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">43</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">121.</font><font style="DISPLAY: inline; COLOR: #0000ff">136.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The meetings and proce</font><font style="DISPLAY: inline; COLOR: #000000">edings of any committee consisting of
two or more members shall be governed by the provisions contained in
these</font><font style="DISPLAY: inline; COLOR: #000000"> Articles</font><font style="DISPLAY: inline; COLOR: #000000"> for regulating the meetings and
proceedings of the Board so far as the same are applicable and are not
superseded by any regulations i</font><font style="DISPLAY: inline; COLOR: #000000">mposed by the Board under the last
preceding</font><font style="DISPLAY: inline; COLOR: #000000"> Article,
indicating, without limitation, any committee charter adopted by the Board for
purposes or in respect of any such committee</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">122.</font><font style="DISPLAY: inline; COLOR: #0000ff">137.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A resolution in writing signed by all
the Directors except </font><font style="DISPLAY: inline; COLOR: #0000ff">those
D</font><font style="DISPLAY: inline; COLOR: #0000ff">irector(s) prohibited from
voting under Article 117 and </font><font style="DISPLAY: inline; COLOR: #000000">such as are temporarily unable to act
through ill-health or disability shall (provided that such number is sufficient
to constitute a quorum</font><font style="DISPLAY: inline; COLOR: #0000ff"> for
a Board meeting</font><font style="DISPLAY: inline; COLOR: #000000"> and further
provided that a copy of suc</font><font style="DISPLAY: inline; COLOR: #000000">h resolution has been given or the
contents thereof communicated to all the Directors for the time being entitled
to receive notices of Board meetings in the same manner as notices of meetings
are required to be given by these</font><font style="DISPLAY: inline; COLOR: #000000"> Articles</font><font style="DISPLAY: inline; COLOR: #000000">) be as valid and eff</font><font style="DISPLAY: inline; COLOR: #000000">ectual as if a resolution had been
passed at a meeting of the Board duly convened and held.&#160;&#160;Such
resolution may be contained in one document or in several documents in like form
each signed by one or more of the Directors and for this purpose a
facsimile</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">signature of a Director shall be treated
as valid.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">123.</font><font style="DISPLAY: inline; COLOR: #0000ff">138.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">All acts bona fide done by the Board or
by any committee or by any person acting&#160;&#160;as a Director or members of
a committee, shall, notwithstanding that it is afterwards discovered that there
was </font><font style="DISPLAY: inline; COLOR: #000000">some defect in the
appointment of any member of the Board or such committee or person acting as
aforesaid or that they or any of them were disqualified or had vacated office,
be as valid as if every such person had been duly appointed and was qualified
an</font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000"> had continued to be a Director or
member of such committee.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">MANAGERS</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">124.
</font><font style="DISPLAY: inline; COLOR: #0000ff">139.&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may from time to time appoint
a general manager, a manager or managers of the Company and may fix his or their
remuneration either by way of salary or commissi</font><font style="DISPLAY: inline; COLOR: #000000">on or by conferring the right to
participation in the profits of the Company or by a combination of two or more
of these modes and pay the working expenses of any of the staff of the general
manager, manager or managers who may be employed by him or them </font><font style="DISPLAY: inline; COLOR: #000000">u</font><font style="DISPLAY: inline; COLOR: #000000">pon the business of the
Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">125.
</font><font style="DISPLAY: inline; COLOR: #0000ff">140.&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The appointment of such general manager,
manager or managers may be for such period as the Board may decide, and the
Board may confer upon him or them all or any of the powers of the Board as they
may think </font><font style="DISPLAY: inline; COLOR: #000000">fit.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">126.
</font><font style="DISPLAY: inline; COLOR: #0000ff">141.&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may enter into such agreement
or agreements with any such general manager, manager or managers upon such terms
and conditions in all respects as the Board may in their absolute discretion
think fit, including a power for such </font><font style="DISPLAY: inline; COLOR: #000000">general manager, manager or managers to
appoint an assistant manager or managers or other employees whatsoever under
them for the purpose of carrying on the business of the
Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">OFFICERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">44</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">127.</font><font style="DISPLAY: inline; COLOR: #0000ff">142.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The officers of the Company shall
consist of th</font><font style="DISPLAY: inline; COLOR: #000000">e Chairman of
the Board, the Directors and Secretary and such additional officers (who may or
may not be Directors) as the Board may from time to time determine, all of whom
shall be deemed to be officers for the purposes of the Law and these</font><font style="DISPLAY: inline; COLOR: #000000"> Articles</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Directors shall, as soon as may be
after each appointment or election of Directors, elect amongst the Directors a
chairman and if more than one Director is proposed for this office, the election
to such office shall take place in such manner as th</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> Directors may
determine.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The officers shall receive such
remuneration as the Directors may from time to time
determine.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">128.</font><font style="DISPLAY: inline; COLOR: #0000ff">143.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Secretary and additional officers,
if any, shall be appointed by the Board and shall hold office on such terms
a</font><font style="DISPLAY: inline; COLOR: #000000">nd for such period as the
Board may determine.&#160;&#160;If thought fit, two or more persons may be
appointed as joint Secretaries.&#160;&#160;The Board may also appoint from time
to time on such terms as it thinks fit one or more assistant or deputy
Secretaries.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Se</font><font style="DISPLAY: inline; COLOR: #000000">cretary shall attend all meetings of the
Members and shall keep correct minutes of such meetings and enter the same in
the proper books provided for the purpose.&#160;&#160;He shall perform such
other duties as are prescribed by the Law or these</font><font style="DISPLAY: inline; COLOR: #000000"> Articles</font><font style="DISPLAY: inline; COLOR: #000000"> or as may b</font><font style="DISPLAY: inline; COLOR: #000000">e prescribed by the
Board.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">129.</font><font style="DISPLAY: inline; COLOR: #0000ff">144.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">The officers of the Company shall
have such powers and perform such duties in the management, business and affairs
of the Company as may be delegated to them by the Directors from time to
time.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">130.</font><font style="DISPLAY: inline; COLOR: #0000ff">145.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A provision </font><font style="DISPLAY: inline; COLOR: #000000">of the Law or of these</font><font style="DISPLAY: inline; COLOR: #000000"> Articles</font><font style="DISPLAY: inline; COLOR: #000000"> requiring or authorising a thing to be
done by or to a Director and the Secretary shall not be satisfied by its being
done by or to the same person acting both as Director and as or in place of the
Secretary.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">REGISTER OF
</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">DIRECTORS
AND OFFICERS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">131.</font><font style="DISPLAY: inline; COLOR: #0000ff">146.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Company shall cause to be kept in
one or more books at its Office a Register of Directors and Officers in which
there shall be entered the full names and addresses of the Directors and
Officers and such other particula</font><font style="DISPLAY: inline; COLOR: #000000">rs as required by the Law or as the
Directors may determine. The Company shall send to the Registrar of Companies in
the Cayman Islands a copy of such register, and shall from time to time notify
to the said Registrar of any change that takes place in rel</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">tion to such Directors and Officers as
required by the Law.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">MINUTES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">132.</font><font style="DISPLAY: inline; COLOR: #0000ff">147.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board shall cause minutes to be duly
entered in books provided for the purpose:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">45</font></div>
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        </div>
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          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">of all elections and appointments
      of officers;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">of the names of the Directors
      </font><font style="DISPLAY: inline; COLOR: #000000">present at each
      meeting of the Directors and of any committee of the
      Directors;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">of all resolutions and proceedings
      of each general meeting of the Members, meetings of the Board and meetings
      of committees of the Board and where there are managers, of a</font><font style="DISPLAY: inline; COLOR: #000000">ll proceedings of meetings of the
      managers.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">Minutes shall be kept by the
      Secretary at the Office.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">148.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #0000ff">The Board shall keep copies of the
Memorandum and these Articles, the minutes referred to in Article 147 above, the
financial statements, the re</font><font style="DISPLAY: inline; COLOR: #0000ff">gister of members of the Company and the
register of bonds issued by the Company (if any) at the Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s agent for stock affairs located within
the ROC. Subject to Article 48 and such other reasonable charges as may be
determined by the Board, any Membe</font><font style="DISPLAY: inline; COLOR: #0000ff">r</font><font style="DISPLAY: inline; COLOR: #0000ff"> may request at any time, by submitting
evidentiary document(s) showing his interest involved and indicating the scope
of interested matters, gains access to inspect and make copies of the above
documents. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">SEAL</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">133.</font><font style="DISPLAY: inline; COLOR: #0000ff">149.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Company shall have one</font><font style="DISPLAY: inline; COLOR: #000000"> or more Seals, as the Board may
determine.&#160;&#160;For the purpose of sealing documents creating or
evidencing securities issued by the Company, the Company may have a securities
seal which is a facsimile of the Seal of the Company with the addition of the
word</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Securities&#8221;</font><font style="DISPLAY: inline; COLOR: #000000"> on its face or in such other form as
the Board may approve.&#160;&#160;The Board shall provide for the custody of
each Seal and no Seal shall be used without the authority of the Board or of a
committee of the Board authorised by the Board in that beha</font><font style="DISPLAY: inline; COLOR: #000000">l</font><font style="DISPLAY: inline; COLOR: #000000">f.&#160;&#160;Subject as otherwise
provided in these Articles</font><font style="DISPLAY: inline; COLOR: #000000">,
any instrument to which a Seal is affixed shall be signed autographically by one
Director and the Secretary or by two Directors or by such other person
(including a Director) or persons as the Board may </font><font style="DISPLAY: inline; COLOR: #000000">appoint, either generally or in any
particular case, save that as regards any certificates for shares or debentures
or other securities of the Company the Board may by resolution determine that
such signatures or either of them shall be dispensed with or </font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">ffixed by some method or system of
mechanical signature.&#160;&#160;Every instrument executed in manner provided by
this Article shall be deemed to be sealed and executed with the authority of the
Board previously given.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Where the Company has a Seal for use
abr</font><font style="DISPLAY: inline; COLOR: #000000">oad, the Board may by
writing under the Seal appoint any agent or committee abroad to be the duly
authorised agent of the Company for the purpose of affixing and using such Seal
and the Board may impose restrictions on the use thereof as may be thought
fi</font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">.&#160;&#160;Wherever in these
Articles&#160;&#160;reference is made to the Seal, the reference shall, when and
so far as may be applicable, be deemed to include any such other Seal as
aforesaid.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">AUTHENTICATION
OF DOCUMENTS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">46</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">134.</font><font style="DISPLAY: inline; COLOR: #0000ff">150.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any Director or the Secretary or any
p</font><font style="DISPLAY: inline; COLOR: #000000">erson appointed by the
Board for the purpose may authenticate any documents affecting the constitution
of the Company and any resolution passed by the Company or the Board or any
committee, and any books, records, documents and accounts relating to the
bu</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">iness of the Company, and to certify
copies thereof or extracts therefrom as true copies or extracts, and if any
books, records, documents or accounts are elsewhere than at the Office or the
head office the local manager or other officer of the Company ha</font><font style="DISPLAY: inline; COLOR: #000000">v</font><font style="DISPLAY: inline; COLOR: #000000">ing the custody thereof shall be deemed
to be a person so appointed by the Board.&#160;&#160;A document purporting to be
a copy of a resolution, or an extract from the minutes of a meeting, of the
Company or of the Board or any committee which is so certified shall</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">be conclusive evidence in favour of all
persons dealing with the Company upon the faith thereof that such resolution has
been duly passed or, as the case may be, that such minutes or extract is a true
and accurate record of proceedings at a duly constitut</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">d meeting.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">DESTRUCTION
OF DOCUMENTS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">135.</font><font style="DISPLAY: inline; COLOR: #0000ff">151.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Company shall be entitled to destroy
the following documents at the following times:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">any share certificate which has
      been cancelled at any time after the expiry of one (1) year from the date
      of </font><font style="DISPLAY: inline; COLOR: #000000">such
      cancellation;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">any dividend mandate or any
      variation or cancellation thereof or any notification of change of name or
      address at any time after the expiry of two&#160;&#160;(2) years from the
      date such mandate variation cancellation or notification was
      reco</font><font style="DISPLAY: inline; COLOR: #000000">rded by the
      Company;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">any instrument of transfer of
      shares which has been registered at any time after the expiry of seven (7)
      years from the date of
registration;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">any allotment letters after the
      expiry of seven (7) years from the date of issue t</font><font style="DISPLAY: inline; COLOR: #000000">hereof;
  and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(e)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">copies of powers of attorney,
      grants of probate and letters of administration at any time after the
      expiry of seven (7) years after the account to which the relevant power of
      attorney, grant of probate or letters of administration related
      </font><font style="DISPLAY: inline; COLOR: #000000">has been
      closed;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">and it shall conclusively be presumed in
favour of the Company that every entry in the Register purporting to be made on
the basis of any such documents so destroyed was duly and properly made and
every share certificate so destroyed was </font><font style="DISPLAY: inline; COLOR: #000000">a valid certificate duly and properly
cancelled and that every instrument of transfer so destroyed was a valid and
effective instrument duly and properly registered and that every other document
destroyed hereunder was a valid and effective document in ac</font><font style="DISPLAY: inline; COLOR: #000000">c</font><font style="DISPLAY: inline; COLOR: #000000">ordance with the recorded particulars
thereof in the books or records of the Company.&#160;&#160;Provided always that:
(1) the foregoing provisions of this</font><font style="DISPLAY: inline; COLOR: #000000"> Article</font><font style="DISPLAY: inline; COLOR: #000000"> shall apply only to the destruction of
a document in good faith and without express notice to the Comp</font><font style="DISPLAY: inline; COLOR: #000000">any that the preservation of such
document was relevant to a claim; (2) nothing contained in this</font><font style="DISPLAY: inline; COLOR: #000000"> Article shall be construed as imposing
upon the Company any </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">47</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">liability in respect of the destruction
of any such document earlier than as aforesaid or in any c</font><font style="DISPLAY: inline; COLOR: #000000">ase where the conditions of proviso (1)
above are not fulfilled; and (3) references in this Article to the destruction
of any document include references to its disposal in any
manner.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Notwithstanding any provision contained
in these Articles, the Dir</font><font style="DISPLAY: inline; COLOR: #000000">ectors may, if permitted by applicable
law, authorise the destruction of documents set out in sub-paragraphs (a) to (e)
of paragraph (1) of this Article and any other documents in relation to share
registration which have been microfilmed or electronicall</font><font style="DISPLAY: inline; COLOR: #000000">y</font><font style="DISPLAY: inline; COLOR: #000000"> stored by the Company or by the share
registrar on its behalf provided always that this Article shall apply only to
the destruction of a document in good faith and without express notice to the
Company and its share registrar that the preservation of suc</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000"> document was relevant to a
claim.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">DIVIDENDS
AND OTHER PAYMENTS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">136.</font><font style="DISPLAY: inline; COLOR: #0000ff">152.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Subject to the Law, the
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Board</font><font style="DISPLAY: inline; COLOR: #0000ff">Company in general meeting</font><font style="DISPLAY: inline; COLOR: #000000"> may </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">from time
to time </font><font style="DISPLAY: inline; COLOR: #000000">declare dividends
in any currency to be paid to the Members but no dividend shall be declared in
exc</font><font style="DISPLAY: inline; COLOR: #000000">ess of the amount
recommended by the Board.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">137.</font><font style="DISPLAY: inline; COLOR: #0000ff">153.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Dividends may be declared and paid
out of the profits of the Company, realised or unrealised, or from any reserve
set aside from profits which the Directors determine is no longer
needed.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The Board
ma</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">y also
declare and pay dividends</font><font style="DISPLAY: inline; COLOR: #0000ff">Subject to compliance with these
Articles (in particular, Article 81), with the sanction of an ordinary
resolution dividends may also be declared and paid</font><font style="DISPLAY: inline; COLOR: #000000"> out of share premium account or any
other fund or account which can b</font><font style="DISPLAY: inline; COLOR: #000000">e authorised for this purpose in
accordance with the Law.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">138.</font><font style="DISPLAY: inline; COLOR: #0000ff">154.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">Except in so far as the rights
attaching to, or the terms of issue of, any share otherwise
provide:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">all dividends shall be declared
      and paid according to the amounts paid up on t</font><font style="DISPLAY: inline; COLOR: #000000">he shares in respect of which the
      dividend is paid, but no amount paid up on a share in advance of calls
      shall be treated for the purposes of this Article as paid up on the share;
      and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">all dividends shall be apportioned
      and paid pro rata according to t</font><font style="DISPLAY: inline; COLOR: #000000">he amounts paid up on the shares
      during any portion or portions of the period in respect of which the
      dividend is paid.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">139.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The Board
may from time to time</font><font style="DISPLAY: inline; COLOR: #0000ff">155.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">The Company may in general meeting
declare and</font><font style="DISPLAY: inline; COLOR: #000000"> pay to the
Members</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">
such</font><font style="DISPLAY: inline; COLOR: #000000"> interim dividends
as</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">recommended by and</font><font style="DISPLAY: inline; COLOR: #000000"> appear to the Board to be justified by
the profits of the Company and in particular (but without prejudice to the
generality of the foregoing) if at any time the share capital of the Company is
divided into different classes, </font><font style="DISPLAY: inline; COLOR: #0000ff">upon recomm</font><font style="DISPLAY: inline; COLOR: #0000ff">endation by </font><font style="DISPLAY: inline; COLOR: #000000">the Board</font><font style="DISPLAY: inline; COLOR: #0000ff">, the Company</font><font style="DISPLAY: inline; COLOR: #000000"> may</font><font style="DISPLAY: inline; COLOR: #0000ff"> in general meeting</font><font style="DISPLAY: inline; COLOR: #000000"> pay such interim dividends in respect
of those shares in the capital of the Company which confer on the holders
thereof deferred or non-preferential rights as well as in respect of those
shares whic</font><font style="DISPLAY: inline; COLOR: #000000">h confer on the
holders thereof preferential rights with regard to dividend and provided that
the Board acts bona fide the Board shall not incur any responsibility to the
holders of shares conferring any preference for any damage that they may suffer
by </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">48</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">ason of the payment of an interim
dividend on any shares having deferred or non-preferential rights and may also
pay any fixed dividend which is payable on any shares of the Company half-yearly
or on any other dates, whenever such profits, in the opinion </font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">f the Board</font><font style="DISPLAY: inline; COLOR: #0000ff"> and subject to approval by the Members
in general meeting</font><font style="DISPLAY: inline; COLOR: #000000">,
justifies such payment.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">140.</font><font style="DISPLAY: inline; COLOR: #0000ff">156.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may deduct from any dividend
or other moneys payable to a Member by the Company on or in respect of any
shares all sums of money (if any) p</font><font style="DISPLAY: inline; COLOR: #000000">resently payable by him to the Company
on account of calls or otherwise.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">141.</font><font style="DISPLAY: inline; COLOR: #0000ff">157.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">No dividend or other moneys payable by
the Company on or in respect of any share shall bear interest against the
Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">142.</font><font style="DISPLAY: inline; COLOR: #0000ff">158.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any dividend, interest or other sum
pay</font><font style="DISPLAY: inline; COLOR: #000000">able in cash to the
holder of shares may be paid by cheque or warrant sent through the post
addressed to the holder at his registered address or, in the case of joint
holders, addressed to the holder whose name stands first in the Register in
respect of t</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">e shares at his address as appearing in
the Register or addressed to such person and at such address as the holder or
joint holders may in writing direct.&#160;&#160;Every such cheque or warrant
shall, unless the holder or joint holders otherwise direct, be made
pa</font><font style="DISPLAY: inline; COLOR: #000000">y</font><font style="DISPLAY: inline; COLOR: #000000">able to the order of the holder or, in
the case of joint holders, to the order of the holder whose name stands first on
the Register in respect of such shares, and shall be sent at his or their risk
and payment of the cheque or warrant by the bank on whic</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000"> it is drawn shall constitute a good
discharge to the Company notwithstanding that it may subsequently appear that
the same has been stolen or that any endorsement thereon has been
forged.&#160;&#160;Any one of two or more joint holders may give effectual
receipts </font><font style="DISPLAY: inline; COLOR: #000000">f</font><font style="DISPLAY: inline; COLOR: #000000">or any dividends or other moneys payable
or property distributable in respect of the shares held by such joint
holders.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">143.</font><font style="DISPLAY: inline; COLOR: #0000ff">159.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">All dividends or bonuses unclaimed for
one (1) year after having been declared may be invested or otherwise made use of
by th</font><font style="DISPLAY: inline; COLOR: #000000">e Board for the
benefit of the Company until claimed.&#160;&#160;Any dividend or bonuses
unclaimed after a period of six (6) years from the date of declaration shall be
forfeited and shall revert to the Company.&#160;&#160;The payment by the Board
of any unclaimed dividend o</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000"> other sums payable on or in respect of
a share into a separate account shall not constitute the Company a trustee in
respect thereof.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">144.</font><font style="DISPLAY: inline; COLOR: #0000ff">160.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Whenever</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> the
Board or</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000"> the Company in general meeting has
resolved that a dividend be paid or declared,</font><font style="DISPLAY: inline; COLOR: #0000ff"> subjec</font><font style="DISPLAY: inline; COLOR: #0000ff">t to Article 81,</font><font style="DISPLAY: inline; COLOR: #000000"> the Board may further resolve that such
dividend be satisfied wholly or in part by the distribution of specific assets
of any kind and in particular of paid up shares, debentures or warrants to
subscribe securities of the Company or any ot</font><font style="DISPLAY: inline; COLOR: #000000">her company, or in any one or more of
such ways, and where any difficulty arises in regard to the distribution the
Board may settle the same as it thinks expedient, and in particular may issue
certificates in respect of fractions of shares, disregard frac</font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">ional entitlements or round the same up
or down, and may fix the value for distribution of such specific assets, or any
part thereof, and may determine that cash payments shall be made to any Members
upon the footing of the value so fixed in order to adju</font><font style="DISPLAY: inline; COLOR: #000000">s</font><font style="DISPLAY: inline; COLOR: #000000">t the rights of all parties, and may
vest any such specific assets in trustees as may seem expedient to the Board and
may appoint any person to sign any requisite instruments of transfer and other
documents on behalf of the persons entitled to the dividen</font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000">, and such appointment shall be
effective and binding on the Members.&#160;&#160;The Board may resolve that no
such assets shall be made available to Members with registered addresses in any
particular territory or territories where, in the absence of a
registratio</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000"> </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">49</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">statement or other special formalities,
such distribution of assets would or might, in the opinion of the Board, be
unlawful or impracticable and in such event the only entitlement of the Members
aforesaid shall be to receive cash payments as aforesaid. </font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Members affected as a result of the
foregoing sentence shall not be or be deemed to be a separate class of Members
for any purpose whatsoever.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">145.</font><font style="DISPLAY: inline; COLOR: #0000ff">161.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Whenever the </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Board or
the </font><font style="DISPLAY: inline; COLOR: #000000">Company in general
meeting has resolved that a dividend be paid or decl</font><font style="DISPLAY: inline; COLOR: #000000">ared on any class of the share capital
of the Company,</font><font style="DISPLAY: inline; COLOR: #0000ff"> subject to
Article 81,</font><font style="DISPLAY: inline; COLOR: #000000"> the Board may
further resolve either:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">that such dividend be satisfied
      wholly or in part in the form of an allotment of shares credited as fully
      paid up, provided that the Me</font><font style="DISPLAY: inline; COLOR: #000000">mbers entitled thereto will be
      entitled to elect to receive such dividend (or part thereof if the Board
      so determines) in cash in lieu of such allotment.&#160;&#160;In such case,
      the following provisions shall
apply:</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(i)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the basis of any such allotment
      shall be det</font><font style="DISPLAY: inline; COLOR: #000000">ermined
      by the Board;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(ii)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the Board, after determining the
      basis of allotment, shall give not less than ten (10) days</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> Notice to the holders of the
      relevant shares of the right of election accorded to them and shall send
      with such notice forms of electio</font><font style="DISPLAY: inline; COLOR: #000000">n and specify the procedure to be
      followed and the place at which and the latest date and time by which duly
      completed forms of election must be lodged in order to be
      effective;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
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              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the right of election may be
      exercised in respect of the whole or part </font><font style="DISPLAY: inline; COLOR: #000000">of that portion of the dividend in
      respect of which the right of election has been accorded;
      and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(iv)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the dividend (or that part of the
      dividend to be satisfied by the allotment of shares as aforesaid) shall
      not be payable in cash on shares in respect whe</font><font style="DISPLAY: inline; COLOR: #000000">reof the cash election has not
      been duly exercised (&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">the non-</font><font style="DISPLAY: inline; COLOR: #000000">elected shares&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">) and in satisfaction thereof
      shares of the relevant class shall be allotted credited as fully paid up
      to the holders of the non-elected shares on the basis of allotment
      determine</font><font style="DISPLAY: inline; COLOR: #000000">d</font><font style="DISPLAY: inline; COLOR: #000000"> as aforesaid and for such purpose
      the Board shall capitalise and apply out of any part of the undivided
      profits of the Company (including profits carried and standing to the
      credit of any reserves or other special account, share premium account,
      capital </font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">edemption reserve other than the
      Subscription Rights Reserve) as the Board may determine, such sum as may
      be required to pay up in full the appropriate number of shares of the
      relevant class for allotment and distribution to and amongst the holders
      of the</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">non-elected shares on such basis;
      or</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">that the Members entitled to such
      dividend shall be entitled to elect to receive an allotment of shares
      credited as fully paid up in lieu of the whole or such part of the
      dividend as the Board may think fit.&#160;&#160;In su</font><font style="DISPLAY: inline; COLOR: #000000">ch case, the following provisions
      shall apply:</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">50</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(i)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the basis of any such allotment
      shall be determined by the
Board;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(ii)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the Board, after determining the
      basis of allotment, shall give not less than ten (10) days</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> Notice to the holders of the
      relevant s</font><font style="DISPLAY: inline; COLOR: #000000">hares of
      the right of election accorded to them and shall send with such notice
      forms of election and specify the procedure to be followed and the place
      at which and the latest date and time by which duly completed forms of
      election must be lodged in orde</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000"> to be
      effective;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(iii)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the right of election may be
      exercised in respect of the whole or part of that portion of the dividend
      in respect of which the right of election has been accorded;
      and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
              </td>
              <td align="right" style="WIDTH: 36pt">
                <div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(iv)</font>&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the dividend (or that part of the
      dividend in respect of which</font><font style="DISPLAY: inline; COLOR: #000000"> a right of election has been
      accorded) shall not be payable in cash on shares in respect whereof the
      share election has been duly exercised (&#8220;</font><font style="DISPLAY: inline; COLOR: #000000">the elected shares&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">) and in lieu thereof shares of
      the relevant class shall be allotted credited as fully paid u</font><font style="DISPLAY: inline; COLOR: #000000">p</font><font style="DISPLAY: inline; COLOR: #000000"> to the holders of the elected
      shares on the basis of allotment determined as aforesaid and for such
      purpose the Board shall capitalise and apply out of any part of the
      undivided profits of the Company (including profits carried and standing
      to the credit</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">of any reserves or other special
      account, share premium account, capital redemption reserve other than the
      Subscription Rights Reserve) as the Board may determine, such sum as may
      be required to pay up in full the appropriate number of shares of the
      relev</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">nt class for allotment and
      distribution to and amongst the holders of the elected shares on such
      basis.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font></font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">The shares allotted pursuant to
      the provisions of paragraph (1) of this Article shall rank pari passu in
      all respects with shares of the same </font><font style="DISPLAY: inline; COLOR: #000000">class (if any) then in issue save
      only as regards participation in the relevant dividend or in any other
      distributions, bonuses or rights paid, made, declared or announced prior
      to or contemporaneously with the payment or declaration of the relevant
      divid</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">nd unless, contemporaneously with
      the announcement by the Board of their proposal to apply the provisions of
      sub-paragraph (a) or (b) of paragraph (2) of this Article in relation to
      the relevant dividend or contemporaneously with their announcement of
      the</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">distribution, bonus or rights in
      question, the Board shall specify that the shares to be allotted pursuant
      to the provisions of paragraph (1) of this Article</font><font style="DISPLAY: inline; COLOR: #000000"> shall rank for participation in
      such distribution, bonus or
rights.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">The Board may do all
      acts</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;and
      things considered necessary or expedient to give effect to any
      capitalisation pursuant to the provisions of paragraph (1) of this
      Article, with full power to the Board to make such provisions as it thinks
      fit in the case of shares becoming distribut</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">ble in fractions (including
      provisions whereby, in whole or in part, fractional
  </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">51</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">entitlements
are aggregated and sold and the net proceeds distributed to those entitled, or
are disregarded or rounded up or down or whereby the benefit of fractional
entitlem<font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">nts accrues to the Company rather than
to the Members concerned).&#160;&#160;The Board may authorise any person to
enter into on behalf of all Members interested, an agreement with the Company
providing for such capitalisation and matters incidental thereto and
any</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">agreement made pursuant to such
authority shall be effective and binding on all concerned.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Company may upon the recommendation
of the Board by </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">ordinary</font><font style="DISPLAY: inline; COLOR: #0000ff">special</font><font style="DISPLAY: inline; COLOR: #000000"> resolution resolve in respect of any
one particular dividend of the Company that notwith</font><font style="DISPLAY: inline; COLOR: #000000">standing the provisions of paragraph (1)
of this Article a dividend may be satisfied wholly in the form of an allotment
of shares credited as fully paid up without offering any right to shareholders
to elect to receive such dividend in cash in lieu of suc</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000"> allotment.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(4)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may on any occasion determine
that rights of election and the allotment of shares under paragraph (1) of this
Article</font><font style="DISPLAY: inline; COLOR: #000000"> shall not be made
available or made to any shareholders with registered addresses in any territory
where, in th</font><font style="DISPLAY: inline; COLOR: #000000">e absence of a
registration statement or other special formalities, the circulation of an offer
of such rights of election or the allotment of shares would or might, in the
opinion of the Board, be unlawful or impracticable, and in such event the
provisio</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">s aforesaid shall be read and construed
subject to such determination.&#160;&#160;Members affected as a result of the
foregoing sentence shall not be or be deemed to be a separate class of Members
for any purpose whatsoever.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(5)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any resolution declaring a
dividend</font><font style="DISPLAY: inline; COLOR: #000000"> on shares of any
class, </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">whether a
resolution of the Company in general meeting or a resolution of the Board,
</font><font style="DISPLAY: inline; COLOR: #000000">may specify that the same
shall be payable or distributable to the persons registered as the holders of
such shares at the close of business on a </font><font style="DISPLAY: inline; COLOR: #000000">particular date, notwithstanding that it
may be a date prior to that on which the resolution is passed, and thereupon the
dividend shall be payable or distributable to them in accordance with their
respective holdings so registered, but without prejudice </font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">o the rights inter se in respect of such
dividend of transferors and transferees of any such shares.&#160;&#160;The
provisions of this Article shall mutatis mutandis apply to bonuses,
capitalisation issues, distributions of realised capital profits or offers or
gra</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">ts made by the Company to the
Members.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">RESERVES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">146.</font><font style="DISPLAY: inline; COLOR: #0000ff">162.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board shall establish an account to
be called the share premium account and shall carry to the credit of such
account from time to time a sum equal to the amount or value of the premium
p</font><font style="DISPLAY: inline; COLOR: #000000">aid on the issue of any
share in the Company.&#160;&#160;Unless otherwise provided by the provisions of
these Articles, the Board may apply the share premium account in any manner
permitted by the Law.&#160;&#160;The Company shall at all times comply with the
provisions of t</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">e Law in relation to the share premium
account.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Before recommending any dividend, the
Board may set aside out of the profits of the Company such sums as it determines
as reserves which shall, at the discretion of the Board, be applicable for any
purpo</font><font style="DISPLAY: inline; COLOR: #000000">se to which the
profits of the Company may be properly applied and pending such application may,
also at such discretion, either be employed in the </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">52</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">business of the Company or be invested
in such investments as the Board may from time to time think fit and</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">so that it shall not be necessary to
keep any investments constituting the reserve or reserves separate or distinct
from any other investments of the Company.&#160;&#160;The Board may also without
placing the same to reserve carry forward any profits which it may t</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">ink prudent not to
distribute.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">CAPITALISATION</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">147.</font><font style="DISPLAY: inline; COLOR: #0000ff">163.</font>&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Company may, upon the recommendation
of the Board, at any time and from time to time pass an ordinary resolution to
the effect that it is desirable to capitalise all or any part of any
amou</font><font style="DISPLAY: inline; COLOR: #000000">nt for the time being
standing to the credit of any reserve or fund (including a share premium account
and capital redemption reserve and the profit and loss account) whether or not
the same is available for distribution and accordingly that such amount
b</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> set free for distribution among the
Members or any class of Members who would be entitled thereto if it were
distributed by way of dividend and in the same proportions, on the footing that
the same is not paid in cash but is applied either in or towards </font><font style="DISPLAY: inline; COLOR: #000000">p</font><font style="DISPLAY: inline; COLOR: #000000">aying up the amounts for the time being
unpaid on any shares in the Company held by such Members respectively or in
paying up in full unissued shares, debentures or other obligations of the
Company, to be allotted and distributed credited as fully paid up</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">among such Members, or partly in one way
and partly in the other, and the Board shall give effect to such resolution
provided that, for the purposes of this Article</font><font style="DISPLAY: inline; COLOR: #000000">, a share premium account and any
capital redemption reserve or fund representing unrealised</font><font style="DISPLAY: inline; COLOR: #000000"> profits, may be applied only in paying
up in full unissued shares of the Company to be allotted to such Members
credited as fully paid.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
<font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Notwithstanding any provisions in these
Articles, the Board may resolve to capitalise any sum for the time
being</font><font style="DISPLAY: inline; COLOR: #000000"> standing to the
credit of any of the reserve accounts or to the credit of the retained earnings
or profit and loss account or funds legally available by applying such sum in
paying up unissued shares to be allotted to service providers and employees
(inc</font><font style="DISPLAY: inline; COLOR: #000000">l</font><font style="DISPLAY: inline; COLOR: #000000">uding directors) of the Company or its
affiliate (meaning any individual, corporation, partnership, association,
joint-stock company, trust, unincorporated association or other entity (other
than the Company) that directly, or indirectly through one or mo</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">e intermediaries, controls, is
controlled by or is under common control with, the Company) upon exercise of any
options or awards granted under any share incentive scheme or employee benefit
scheme or other arrangement which relates to such persons that h</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">s been adopted or approved by the
Members at a general meeting.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">148.</font><font style="DISPLAY: inline; COLOR: #0000ff">164.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board may settle, as it considers
appropriate, any difficulty arising in regard to any distribution under the last
preceding Article and in particular may issue certificates in </font><font style="DISPLAY: inline; COLOR: #000000">respect of fractions of shares or
authorise any person to sell and transfer any fractions or may resolve that the
distribution should be as nearly as may be practicable in the correct proportion
but not exactly so or may ignore fractions altogether, and m</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">y determine that cash payments shall be
made to any Members in order to adjust the rights of all parties, as may seem
expedient to the Board.&#160;&#160;The Board may appoint any person to sign on
behalf of the persons entitled to participate in the distribution an</font><font style="DISPLAY: inline; COLOR: #000000">y</font><font style="DISPLAY: inline; COLOR: #000000"> contract necessary or desirable for
giving effect thereto and such appointment shall be effective and binding upon
the Members.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">53</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">SUBSCRIPTION
RIGHTS RESERVE</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">149.</font><font style="DISPLAY: inline; COLOR: #0000ff">165.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The following provisions shall have
effect to the extent that they are not prohibited</font><font style="DISPLAY: inline; COLOR: #000000"> by and are in compliance with the
Law:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(1)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">If, so long as any of the rights
      attached to any warrants issued by the Company to subscribe for shares of
      the Company shall remain exercisable, the Company does any act or engages
      in any transaction which, as a</font><font style="DISPLAY: inline; COLOR: #000000"> result of any adjustments to the
      subscription price in accordance with the provisions of the conditions of
      the warrants, would reduce the subscription price to below the par value
      of a share, then the following provisions shall
    apply:</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">as from the dat</font><font style="DISPLAY: inline; COLOR: #000000">e of such act or transaction the
      Company shall establish and thereafter (subject as provided in this
      Article) maintain in accordance with the provisions of this Article a
      reserve (the &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">Subscription Rights
      Reserve&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">) the amount
      of which shall at no time be </font><font style="DISPLAY: inline; COLOR: #000000">l</font><font style="DISPLAY: inline; COLOR: #000000">ess than the sum which for the
      time being would be required to be capitalised and applied in paying up in
      full the nominal</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">amount of the additional shares required
to be issued and allotted credited as fully paid pursuant to sub-paragraph (c)
below on the </font><font style="DISPLAY: inline; COLOR: #000000">exercise in
full of all the subscription rights outstanding and shall apply the Subscription
Rights Reserve in paying up such additional shares in full as and when the same
are allotted;</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the Subscription Rights Reserve
      shall not be used for any purpos</font><font style="DISPLAY: inline; COLOR: #000000">e other than that specified above
      unless all other reserves of the Company (other than share premium
      account) have been extinguished and will then only be used to make good
      losses of the Company if and so far as is required by
      law;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">upon the exercise o</font><font style="DISPLAY: inline; COLOR: #000000">f all or any of the subscription
      rights represented by any warrant, the relevant subscription rights shall
      be exercisable in respect of a nominal amount of shares equal to the
      amount in cash which the holder of such warrant is required to pay on
      exercise </font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">f the subscription rights
      represented thereby (or, as the case may be the relevant portion thereof
      in the event of a partial exercise of the subscription rights) and, in
      addition, there shall be allotted in respect of such subscription rights
      to the exerc</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">sing warrantholder, credited as
      fully paid, such additional nominal amount of shares as is equal to the
      difference between:</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(i)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the said amount in cash which the
      holder of such warrant is required to pay on exercise of the subscription
      rights represented </font><font style="DISPLAY: inline; COLOR: #000000">thereby (or, as the case may be,
      the relevant portion thereof in the event of a partial exercise of the
      subscription rights); and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(ii)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">the nominal amount of shares in
      respect of which such subscription rights would have been exercisable
      having regard to </font><font style="DISPLAY: inline; COLOR: #000000">the
      provisions of the conditions of the warrants, had it been possible for
      such subscription rights to represent the right to subscribe for shares at
      less than par and immediately upon such exercise so much of the sum
      standing to the credit of the Subscri</font><font style="DISPLAY: inline; COLOR: #000000">p</font><font style="DISPLAY: inline; COLOR: #000000">tion Rights Reserve as is required
      to pay up in full such additional nominal amount of shares shall be
      capitalised and applied in paying up in full
  </font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">54</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">B<br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: 0pt">such
additional nominal amount of shares which shall forthwith be allotted credited
as fully paid to the ex<font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">rcising warrantholders; and</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">if, upon the exercise of the
      subscription rights represented by any warrant, the amount standing to the
      credit of the Subscription Rights Reserve is not sufficient to pay up in
      full such additional nominal amount of shares </font><font style="DISPLAY: inline; COLOR: #000000">equal to such difference as
      aforesaid to which the exercising warrantholder is entitled, the Board
      shall apply any profits or reserves then or thereafter becoming available
      (including, to the extent permitted by law, share premium account) for
      such purpos</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> until such additional nominal
      amount of shares is paid up and allotted as aforesaid and until then no
      dividend or other distribution shall be paid or made on the fully paid
      shares of the Company then in issue.&#160;&#160;Pending such payment and
      allotment, the exe</font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">cising warrantholder shall be
      issued by the Company with a certificate evidencing his right to the
      allotment of such additional nominal amount of shares.&#160;&#160;The
      rights represented by any such certificate shall be in registered form and
      shall be transferable</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">in whole or in part in units of
      one share in the like manner as the shares for the time being are
      transferable, and the Company shall make such arrangements in relation to
      the maintenance of a register therefor and other matters in relation
      thereto as the</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">Board may think fit and adequate
      particulars thereof shall be made known to each relevant exercising
      warrantholder upon the issue of such
  certificate.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Shares allotted pursuant to the
provisions of this Article shall rank pari passu in all respects wit</font><font style="DISPLAY: inline; COLOR: #000000">h the other shares allotted on the
relevant exercise of the subscription rights represented by the warrant
concerned.&#160;&#160;Notwithstanding anything contained in paragraph (1) of
this Article</font><font style="DISPLAY: inline; COLOR: #000000">, no fraction
of any share shall be allotted on exercise of the subscr</font><font style="DISPLAY: inline; COLOR: #000000">iption rights.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The provision of this Article as to the
establishment and maintenance of the Subscription Rights Reserve shall not be
altered or added to in any way which would vary or abrogate, or which would have
the effect of varying or abrogating t</font><font style="DISPLAY: inline; COLOR: #000000">he provisions for the benefit of any
warrantholder or class of warrantholders under this Article without the sanction
of a special resolution of such warrantholders or class of
warrantholders.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(4)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A certificate or report by the
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">auditors</font><font style="DISPLAY: inline; COLOR: #0000ff">Audit Committee</font><font style="DISPLAY: inline; COLOR: #000000"> fo</font><font style="DISPLAY: inline; COLOR: #000000">r the time being of the Company as to
whether or not the Subscription Rights Reserve is required to be established and
maintained and if so the amount thereof so required to be established and
maintained, as to the purposes for which the Subscription Righ</font><font style="DISPLAY: inline; COLOR: #000000">t</font><font style="DISPLAY: inline; COLOR: #000000">s Reserve has been used, as to the
extent to which it has been used to make good losses of the Company, as to the
additional nominal amount of shares required to be allotted to exercising
warrantholders credited as fully paid, and as to any other matter c</font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">ncerning the Subscription Rights Reserve
shall (in the absence of manifest error) be conclusive and binding upon the
Company and all warrantholders and shareholders.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">ACCOUNTING
RECORDS</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">55</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="#0000ff">B</font><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">150.</font><font style="DISPLAY: inline; COLOR: #0000ff">166.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The Board shall cause true accounts to
be kept of the sum</font><font style="DISPLAY: inline; COLOR: #000000">s of
money received and expended by the Company, and the matters in respect of which
such receipt and expenditure take place, and of the property, assets, credits
and liabilities of the Company and of all other matters required by the Law or
necessary to </font><font style="DISPLAY: inline; COLOR: #000000">g</font><font style="DISPLAY: inline; COLOR: #000000">ive a true and fair view of the
Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s affairs and to explain its
transactions.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">151.</font><font style="DISPLAY: inline; COLOR: #0000ff">167.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The accounting records shall be kept at
the Office or, at such other place or places as the Board decides and shall
always be open to inspection by the Directors.</font><font style="DISPLAY: inline; COLOR: #000000">&#160;&#160;No Member (other than a
Director) shall have any right of inspecting any accounting record or book or
document of the Company except as conferred by law or authorised by the Board or
the Company in general meeting</font><font style="DISPLAY: inline; COLOR: #0000ff"> or these Articles</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">152.</font><font style="DISPLAY: inline; COLOR: #0000ff">168.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Article
153,</font><font style="DISPLAY: inline; COLOR: #0000ff">Articles 169 and
170,</font><font style="DISPLAY: inline; COLOR: #000000"> a printed copy of the
Directors</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> report, accompanied by the balance
sheet and profit and l</font><font style="DISPLAY: inline; COLOR: #000000">oss
account, including every document required by law to be annexed thereto, made up
to the end of the applicable financial year an</font><font style="DISPLAY: inline; COLOR: #000000">d containing a summary of the assets and
liabilities of the Company under convenient heads and a statement of income and
expenditure, together with a copy of the </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditors</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">Audit Committee</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s</font><font style="DISPLAY: inline; COLOR: #000000"> report, shall be sent to each person
entitled thereto </font><font style="DISPLAY: inline; COLOR: #0000ff">and be
kept a</font><font style="DISPLAY: inline; COLOR: #0000ff">t the
Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s agent for stock affairs located within
the ROC for inspection by the Members from time to time </font><font style="DISPLAY: inline; COLOR: #000000">at least ten (10) days </font><font style="DISPLAY: inline; COLOR: #000000">before the date of the general
meeting</font><font style="DISPLAY: inline; COLOR: #0000ff">,</font><font style="DISPLAY: inline; COLOR: #000000"> and laid before the Company at the
annual general meeting held in accordance with </font><font style="DISPLAY: inline; COLOR: #000000">Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">56</font><font style="DISPLAY: inline; COLOR: #0000ff">60</font><font style="DISPLAY: inline; COLOR: #000000"> provided that this Article shall not
require a copy of those documents to be sent to any person whose address the
Company i</font><font style="DISPLAY: inline; COLOR: #000000">s not aware or to
more than one of the joint holders of any shares or
debentures.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">153.</font><font style="DISPLAY: inline; COLOR: #0000ff">169.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to due compliance w</font><font style="DISPLAY: inline; COLOR: #000000">ith all </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">applicable
Statutes, rules and regulations, including, without limitation, the rules of the
Designated Stock Exchange</font><font style="DISPLAY: inline; COLOR: #0000ff">Applicable Law</font><font style="DISPLAY: inline; COLOR: #000000">, and to obtaining all necessary
consents, if any, required thereunder, the requirements of Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">152</font><font style="DISPLAY: inline; COLOR: #0000ff">168</font><font style="DISPLAY: inline; COLOR: #000000"> shall be d</font><font style="DISPLAY: inline; COLOR: #000000">eemed satisfied in relation to any
person by sending to the person in any manner not prohibited by the Statutes, a
summary financial statement derived from the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s annual accounts and the
directors</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> report which shall be in the form and
containing t</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">e information required by applicable
laws and regulations, provided that any person who is otherwise entitled to the
annual financial statements of the Company and the directors</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> report thereon may, if he so requires
by notice in writing served on the Com</font><font style="DISPLAY: inline; COLOR: #000000">p</font><font style="DISPLAY: inline; COLOR: #000000">any, demand that the Company sends to
him, in addition to a summary financial statement, a complete printed copy of
the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s annual financial statement and the
directors</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000"> report thereon.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">154.</font><font style="DISPLAY: inline; COLOR: #0000ff">170.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The requirement to send to a person
referred to in Ar</font><font style="DISPLAY: inline; COLOR: #000000">ticle
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">152</font><font style="DISPLAY: inline; COLOR: #0000ff">168</font><font style="DISPLAY: inline; COLOR: #000000"> the documents referred to in that
article or a summary financial report in accordance with Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">153</font><font style="DISPLAY: inline; COLOR: #0000ff">169</font><font style="DISPLAY: inline; COLOR: #000000"> shall be deemed satisfied where, in
accordance with all applicable Statutes, rules and regulations, including,
without limitation, the ru</font><font style="DISPLAY: inline; COLOR: #000000">les of the Des</font><font style="DISPLAY: inline; COLOR: #000000">ignated Stock Exchange, the Company
publishes copies of the documents referred to in Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">152</font><font style="DISPLAY: inline; COLOR: #0000ff">168</font><font style="DISPLAY: inline; COLOR: #000000"> and, if applicable, a summary financial
report complying with Article </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">153,</font><font style="DISPLAY: inline; COLOR: #0000ff">169,</font><font style="DISPLAY: inline; COLOR: #000000"> on the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s computer network or in any other
permitted man</font><font style="DISPLAY: inline; COLOR: #000000">ner (including
by sen</font><font style="DISPLAY: inline; COLOR: #000000">ding any form of
electronic communication)</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">, and
that person has agreed or is deemed to have agreed to treat the publication or
receipt of such documents in such manner as discharging the Company</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">&#8217;</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">s
obligation to send to him a copy of su</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">ch
documents</font><font style="DISPLAY: inline; COLOR: #000000">.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">56</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="#0000ff">B</font><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">AUDIT</font><font style="DISPLAY: inline; COLOR: #0000ff"> COMMITTEE</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">171.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; &#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">The Company shall set up an Audit
Committee.&#160;&#160;The Audit Committee shall comprise solely of Independent
Directors and the number of committee members shall not be less than three
(3).&#160;&#160;One of the Audit Committee member</font><font style="DISPLAY: inline; COLOR: #0000ff">s shall be appointed as the convener to
convene meetings of the Audit Committee from time to time and at least one of
the Audit Committee members shall have accounting or financial
expertise.&#160;&#160;A valid resolution of the Audit Committee requires
approval of</font><font style="DISPLAY: inline; COLOR: #0000ff">&#160;</font><font style="DISPLAY: inline; COLOR: #0000ff">one-half or more of all its members.
</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">172.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">Notwithstanding anything provided to the
contrary contained herein, the following matters require approval of the Audit
Committee and final approval of the Board: </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">adoption of or amendment to an
      internal co</font><font style="DISPLAY: inline; COLOR: #0000ff">ntrol
      system;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">assessment of the effectiveness of
      the internal control system;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">adoption of or amendment to the
      handling procedures for financial or operational actions of material
      significance, such as acquisition or disposal of assets,
      derivative</font><font style="DISPLAY: inline; COLOR: #0000ff">s trading,
      extension of monetary loans to others, or endorsements or guarantees for
      others;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any matter relating to the
      personal interest of the Directors;
</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(e)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">the entering into of a transaction
      that has material effect on the assets of the Company o</font><font style="DISPLAY: inline; COLOR: #0000ff">r a material derivatives
      transaction that is subject to compliance with the &#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Procedures Governing the
      Acquisition and Disposal of Assets&#8221;</font><font style="DISPLAY: inline; COLOR: #0000ff"> adopted by the Board on July 25,
      2007;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 35.4pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(f)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">a material monetary loan,
      endorsement, or provision of guarantee that is s</font><font style="DISPLAY: inline; COLOR: #0000ff">ubject to compliance with the
      Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s &#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Procedures Governing Loaning of
      Funds&#8221;</font><font style="DISPLAY: inline; COLOR: #0000ff"> and the
      Company</font><font style="DISPLAY: inline; COLOR: #0000ff">&#8217;</font><font style="DISPLAY: inline; COLOR: #0000ff">s &#8220;</font><font style="DISPLAY: inline; COLOR: #0000ff">Procedures Governing Making of
      Endorsements/ Guarantees&#8221;</font><font style="DISPLAY: inline; COLOR: #0000ff"> adopted by the Board on April 27,
      2004;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 35.4pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(g)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">the offering, issuance, or private
      placement of any equ</font><font style="DISPLAY: inline; COLOR: #0000ff">ity-linked
      securities;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 35.4pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(h)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">the hiring or dismissal of an
      attesting certified public accountant as the auditor of the Company, or
      the compensation given
thereto;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 35.4pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(i)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">the appointment or discharge of a
      financial, accounting, or internal auditing
  officer;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">1</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">55.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Subject
to applicable law and rules of the Designated Stock
Exchange:</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(j)</font>&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">approval of annual and semi-annual
financial reports; and</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The
Board, on the advice of the Audit Committee, shall appoint an auditor to audit
the accounts of the Company and</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through"> such
auditor shall hold office until the Audit Committee appoints another
auditor.&#160;&#160;No Director or officer or employee of the Company shall,
during his continuance in office, be eligible to act as an auditor of the
Company.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">57</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
        <div>&#160;</div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="#0000ff">B</font><br></div>
        </div>
      </div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">(k)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #0000ff">any other material matter
      s</font><font style="DISPLAY: inline; COLOR: #0000ff">o required by
      Applicable Law or the competent
  authority.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The
Board, on the advice of the Audit Committee, may remove the Auditor at any time
before the expiration of his term of office and appoint another Auditor in his
stead for the remainder of his </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">term.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #0000ff">With the exception of item (j), any
other matter that has not been approved with the consent of one-half or more of
all Audit Committee members may be undertaken upon the consent of two-thirds or
more of the members of the Board , and the resolution</font><font style="DISPLAY: inline; COLOR: #0000ff"> of the Audit Committee shall be
recorded in the minutes of the Directors meeting. </font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">156.</font><font style="DISPLAY: inline; COLOR: #0000ff">173.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to the Law the accounts of the
Company shall be audited at least once in every year.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">157.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The
remuneration of the Auditor shall be fixed by the Board, </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">on the
advice of the Audit Committee.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">158.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">If the
office of auditor becomes vacant by the resignation or death of the Auditor, or
by his becoming incapable of acting by reason of illness or other disability at
a time when his services are required, the B</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">oard, on
the advice of the Audit Committee, shall fill the vacancy and determine the
remuneration of such Auditor.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">159.</font><font style="DISPLAY: inline; COLOR: #0000ff">174.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditor</font><font style="DISPLAY: inline; COLOR: #0000ff">Audit Committee</font><font style="DISPLAY: inline; COLOR: #000000"> shall at all reasonable times have
access to all books kept by the Company and to all accounts and vouc</font><font style="DISPLAY: inline; COLOR: #000000">hers relating thereto; and he may call
on the Directors or officers of the Company for any information in their
possession relating to the books or affairs of the Company.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">160.</font><font style="DISPLAY: inline; COLOR: #0000ff">175.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The statement of income and expenditure
and the balance sheet provided fo</font><font style="DISPLAY: inline; COLOR: #000000">r by these Articles</font><font style="DISPLAY: inline; COLOR: #000000"> shall be examined by the </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditor</font><font style="DISPLAY: inline; COLOR: #0000ff">Audit Committee</font><font style="DISPLAY: inline; COLOR: #000000"> and compared </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">by him
</font><font style="DISPLAY: inline; COLOR: #000000">with the books, accounts
and vouchers relating thereto; and </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">he</font><font style="DISPLAY: inline; COLOR: #0000ff">the Audit Committee</font><font style="DISPLAY: inline; COLOR: #000000"> shall make a written report thereon
stating whether such statement and balance sheet a</font><font style="DISPLAY: inline; COLOR: #000000">re drawn up so as to present fairly the
financial position of the Company and the results of its operations for the
period under review and, in case information shall have been called for from
Directors or officers of the Company, whether the same has bee</font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000"> furnished and has been
satisfactory.&#160;&#160;</font><font style="DISPLAY: inline; COLOR: #000000">The </font><font style="DISPLAY: inline; COLOR: #0000ff">Audit Committee may appoint, on behalf
of the Company, a practicing lawyer and a certified public accountant to conduct
the examination. </font><font style="DISPLAY: inline; COLOR: #0000ff">The
</font><font style="DISPLAY: inline; COLOR: #000000">financial statements of the
Company shall be audited by </font><font style="DISPLAY: inline; COLOR: #0000ff">an auditor appoi</font><font style="DISPLAY: inline; COLOR: #0000ff">nted by </font><font style="DISPLAY: inline; COLOR: #000000">the </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditor</font><font style="DISPLAY: inline; COLOR: #0000ff">Board</font><font style="DISPLAY: inline; COLOR: #000000"> in accordance with generally accepted
auditing standards.&#160;&#160;The </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditor</font><font style="DISPLAY: inline; COLOR: #0000ff">auditor</font><font style="DISPLAY: inline; COLOR: #000000"> shall make a written report thereon in
accordance with generally accepted auditing standards and the report of the
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditor</font><font style="DISPLAY: inline; COLOR: #0000ff">auditor</font><font style="DISPLAY: inline; COLOR: #000000"> shall be submitted to t</font><font style="DISPLAY: inline; COLOR: #000000">he Members in general
meeting.&#160;&#160;The generally accepted auditing standards referred to herein
may be those of a country or jurisdiction other than the Cayman
Islands.&#160;&#160;If so, the financial statements and the report of the
</font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">Auditor</font><font style="DISPLAY: inline; COLOR: #0000ff">auditor</font><font style="DISPLAY: inline; COLOR: #000000"> should disclose this</font><font style="DISPLAY: inline; COLOR: #000000"> fact and name such country or
jurisdiction.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">NOTICES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">58</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="#0000ff">B</font><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">161.</font><font style="DISPLAY: inline; COLOR: #0000ff">176.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any Notice or document, whether or not,
to be given or issued under these Articles from the Company to a Member shall be
in writing or by cable, telex or facsimile transmission message or o</font><font style="DISPLAY: inline; COLOR: #000000">ther form of electronic transmission or
communication and any such Notice and document may be served or delivered by the
Company on or to any Member either personally or by sending it through the post
in a prepaid envelope addressed to such Member at his </font><font style="DISPLAY: inline; COLOR: #000000">r</font><font style="DISPLAY: inline; COLOR: #000000">egistered address as appearing in the
Register or at any other address supplied by him to the Company for the purpose
or, as the case may be, by transmitting it to any such address or transmitting
it to any telex or facsimile transmission number or electr</font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">nic number or address or website
supplied by him to the Company for the giving of Notice to him or which the
person transmitting the notice reasonably and bona fide believes at the relevant
time will result in the Notice being duly received by the Member </font><font style="DISPLAY: inline; COLOR: #000000">o</font><font style="DISPLAY: inline; COLOR: #000000">r may also be served by advertisement in
appropriate newspapers in accordance with the requirements of the Designated
Stock Exchange</font><font style="DISPLAY: inline; COLOR: #0000ff"> (if
any)</font><font style="DISPLAY: inline; COLOR: #000000"> or, to the extent
permitted by the applicable laws, by placing it on the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s website and giving to the
membe</font><font style="DISPLAY: inline; COLOR: #000000">r a notice stating
that the notice or other document is available there (a &#8220;</font><font style="DISPLAY: inline; COLOR: #000000">notice of availability&#8221;</font><font style="DISPLAY: inline; COLOR: #000000">).&#160;&#160;The notice of availability
may be given to the Member by any of the means set out above.&#160;&#160;In the
case of joint holders of a share all notices shall be g</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">ven to that one of the joint holders
whose name stands first in the Register and notice so given shall be deemed a
sufficient service on or delivery to all the joint holders.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">162.</font><font style="DISPLAY: inline; COLOR: #0000ff">177.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any Notice or other
document:</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(a)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">if served or delivered by post,
      sh</font><font style="DISPLAY: inline; COLOR: #000000">all where
      appropriate be sent by airmail and shall be deemed to have been served or
      delivered on the day following that on which the envelope containing the
      same, properly prepaid and addressed, is put into the post; in proving
      such service or delivery it</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">shall be sufficient to prove that
      the envelope or wrapper containing the notice or document was properly
      addressed and put into the post and a certificate in writing signed by the
      Secretary or other officer of the Company or other person appointed by the
      </font><font style="DISPLAY: inline; COLOR: #000000">B</font><font style="DISPLAY: inline; COLOR: #000000">oard that the envelope or wrapper
      containing the notice or other document was so addressed and put into the
      post shall be conclusive evidence
  thereof;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(b)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">if sent by electronic
      communication, shall be deemed to be given on the day on which it is
      transmitt</font><font style="DISPLAY: inline; COLOR: #000000">ed from the
      server of the Company or its agent.&#160;&#160;A notice placed on the
      Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s website is deemed given by the
      Company to a Member on the day following that on which a notice of
      availability is deemed served on the
  Member;</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(c)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">if served or delivered in
      </font><font style="DISPLAY: inline; COLOR: #000000">any other manner
      contemplated by these Article</font><font style="DISPLAY: inline; COLOR: #000000">s, shall be deemed to have been
      served or delivered at the time of personal service or delivery or, as the
      case may be, at the time of the relevant despatch or transmission; and in
      proving such service or deliv</font><font style="DISPLAY: inline; COLOR: #000000">ery a certificate in writing
      signed by the Secretary or other officer of the Company or other person
      appointed by the Board as to the act and time of such service, delivery,
      despatch or transmission shall be conclusive evidence thereof;
      and</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
            <tr valign="top">
              <td style="WIDTH: 36pt">&#160;</td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(d)</font></font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">may be gi</font><font style="DISPLAY: inline; COLOR: #000000">ven to a Member either in the
      English language or the Chinese language, subject to due compliance with
      all applicable Statutes, rules and
  regulations.</font></font></div>
              </td>
            </tr>
        </table>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">59</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="#0000ff">B</font><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<font style="DISPLAY: inline; COLOR: #0000ff">This Article 177 shall apply
</font><font style="DISPLAY: inline; COLOR: #0000ff">mutatis mutandis to the
service of any document by a Member on the Company</font><font style="DISPLAY: inline; COLOR: #0000ff"> under these Articles.
</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">163.</font><font style="DISPLAY: inline; COLOR: #0000ff">178.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any Notice or other document delivered
or sent by post to or left at the registered address of any Member in pursuance
of these Articles shall, notwithstanding that such Member is then dead or
bankrupt or that any othe</font><font style="DISPLAY: inline; COLOR: #000000">r
event has occurred, and whether or not the Company has notice of the death or
bankruptcy or other event, be deemed to have been duly served or delivered in
respect of any share registered in the name of such Member as sole or joint
holder unless his nam</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> shall, at the time of the service or
delivery of the notice or document, have been removed from the Register as the
holder of the share, and such service or delivery shall for all purposes be
deemed a sufficient service or delivery of such Notice or docu</font><font style="DISPLAY: inline; COLOR: #000000">m</font><font style="DISPLAY: inline; COLOR: #000000">ent on all persons interested (whether
jointly with or as claiming through or under him) in the
share.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A notice may be given by the Company to
the person entitled to a share in consequence of the death, mental disorder or
bankruptcy of a Member by sen</font><font style="DISPLAY: inline; COLOR: #000000">ding it through the post in a prepaid
letter, envelope or wrapper addressed to him by name, or by the title of
representative of the deceased, or trustee of the bankrupt, or by any like
description, at the address, if any, supplied for the purpose by the
</font><font style="DISPLAY: inline; COLOR: #000000">p</font><font style="DISPLAY: inline; COLOR: #000000">erson claiming to be so entitled, or
(until such an address has been so supplied) by giving the notice in any manner
in which the same might have been given if the death, mental disorder or
bankruptcy had not occurred.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Any person who by operation of
l</font><font style="DISPLAY: inline; COLOR: #000000">aw, transfer or other
means whatsoever shall become entitled to any share shall be bound by every
notice in respect of such share which prior to his name and address being
entered on the Register shall have been duly given to the person from whom he
deriv</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">s his title to such
share.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">SIGNATURES</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">164.</font><font style="DISPLAY: inline; COLOR: #0000ff">179.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">For the purposes of these Articles, a
cable or telex or facsimile or electronic transmission message purporting to
come from a holder of shares or, as the case may be, a Director, or, in the case
of a cor</font><font style="DISPLAY: inline; COLOR: #000000">poration which is a
holder of shares from a director or the secretary thereof or a duly appointed
attorney or duly authorised representative thereof for it and on its behalf,
shall in the absence of express evidence to the contrary available to the
person</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">relying thereon at the relevant time be
deemed to be a document or instrument in writing signed by such holder or
Director in the terms in which it is received.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">WINDING
UP</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">165.</font><font style="DISPLAY: inline; COLOR: #0000ff">180.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">The</font><font style="DISPLAY: inline; COLOR: #0000ff">Subject to Article 81, the</font><font style="DISPLAY: inline; COLOR: #000000"> Board shall have power in the name
an</font><font style="DISPLAY: inline; COLOR: #000000">d on behalf of the
Company to present a petition to the court for the Company to be wound
up.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">A resolution that the Company
</font><font style="DISPLAY: inline; COLOR: #0000ff">or its business
</font><font style="DISPLAY: inline; COLOR: #000000">be wound up by the court or
be wound up voluntarily shall be a special resolution.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">60</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="#0000ff">B</font><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">166.</font><font style="DISPLAY: inline; COLOR: #0000ff">181.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Subject to any</font><font style="DISPLAY: inline; COLOR: #000000"> special rights, privileges or
restrictions as to the distribution of available surplus assets on liquidation
for the time being attached to any class or classes of shares (i) if the Company
shall be wound up and the assets available for distribution amon</font><font style="DISPLAY: inline; COLOR: #000000">g</font><font style="DISPLAY: inline; COLOR: #000000">st the Members of the Company shall be
more than sufficient to repay the whole of the capital paid up at the
commencement of the winding up, the excess shall be distributed pari passu
amongst such members in proportion to the amount paid up on the shares
</font><font style="DISPLAY: inline; COLOR: #000000">h</font><font style="DISPLAY: inline; COLOR: #000000">eld by them respectively and (ii) if the
Company shall be wound up and the assets available for distribution amongst the
Members as such shall be insufficient to repay the whole of the paid-up capital
such assets shall be distributed so that, a nearly as </font><font style="DISPLAY: inline; COLOR: #000000">m</font><font style="DISPLAY: inline; COLOR: #000000">ay be, the losses shall be borne by the
Members in proportion to the capital paid up, or which ought to have been paid
up, at the commencement of the winding up on the shares held by them
respectively.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">If the Company shall be wound up
(whether the liq</font><font style="DISPLAY: inline; COLOR: #000000">uidation is
voluntary or by the court) the liquidator may, with the authority of a special
resolution and any other sanction required by the Law, divide among the Members
in specie or kind the whole or any part of the assets of the Company and whether
or </font><font style="DISPLAY: inline; COLOR: #000000">n</font><font style="DISPLAY: inline; COLOR: #000000">ot the assets shall consist of
properties of one kind or shall consist of properties to be divided as aforesaid
of different kinds, and may for such purpose set such value as he deems fair
upon any one or more class or classes of property and may determin</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> how such division shall be carried out
as between the Members or different classes of Members.&#160;&#160;The
liquidator may, with the like authority, vest any part of the assets in trustees
upon such trusts for the benefit of the Members as the liquidator with
th</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000"> like authority shall think fit, and the
liquidation of the Company may be closed and the Company dissolved, but so that
no contributory shall be compelled to accept any shares or other property in
respect of which there is a liability.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">In the event o</font><font style="DISPLAY: inline; COLOR: #000000">f winding-up of the </font><font style="DISPLAY: inline; COLOR: #0000ff">business of the </font><font style="DISPLAY: inline; COLOR: #000000">Company in the People</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s Republic of China, every Member of the
Company who is not for the time being in the People</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s Republic of China </font><font style="DISPLAY: inline; COLOR: #000000">shall be bound, within 14 days after the
passing of </font><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">an
effective</font><font style="DISPLAY: inline; COLOR: #0000ff">a&#160;&#160;special</font><font style="DISPLAY: inline; COLOR: #000000"> resolutio</font><font style="DISPLAY: inline; COLOR: #000000">n to wind up the </font><font style="DISPLAY: inline; COLOR: #0000ff">business of the </font><font style="DISPLAY: inline; COLOR: #000000">Company voluntarily, or the making of an
order for the winding-up of the Company</font><font style="DISPLAY: inline; COLOR: #0000ff"> or its business</font><font style="DISPLAY: inline; COLOR: #000000">, to serve notice in writing on the
Company appointing some person resident in the People</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s Republic of China and stating that
</font><font style="DISPLAY: inline; COLOR: #000000">person</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s full name, address and occupation upon
whom all summonses, notices, process, orders and judgements in relation to or
under the winding-up of the Company</font><font style="DISPLAY: inline; COLOR: #0000ff"> or its business</font><font style="DISPLAY: inline; COLOR: #000000"> may be served, and in default of such
nomination the liquidator of the Company</font><font style="DISPLAY: inline; COLOR: #000000"> shall be at liberty on behalf of such
Member to appoint some such person, and service upon any such appointee, whether
appointed by the Member or the liquidator, shall be deemed to be good personal
service on such Member for all purposes, and, where the </font><font style="DISPLAY: inline; COLOR: #000000">l</font><font style="DISPLAY: inline; COLOR: #000000">iquidator makes any such appointment, he
shall with all convenient speed give notice thereof to such Member by
advertisement as he shall deem appropriate or by a registered letter sent
through the post and addressed to such Member at his address as
appear</font><font style="DISPLAY: inline; COLOR: #000000">i</font><font style="DISPLAY: inline; COLOR: #000000">ng in the register, and such notice
shall be deemed to be service on the day following that on which the
advertisement first appears or the letter is posted.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">INDEMNITY</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">167.</font><font style="DISPLAY: inline; COLOR: #0000ff">182.</font>&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">The </font><font style="DISPLAY: inline; COLOR: #000000">Directors, Secretary and other officers
for the time being </font><font style="DISPLAY: inline; COLOR: #000000">of the
C</font><font style="DISPLAY: inline; COLOR: #000000">ompany</font><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">and the liquidator or trustees (if any)
for the time being acting in relation to any of the </font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">61</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Times New Roman">B</font><br></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">affairs of the Company and everyone of
them, and everyone of their heirs, executors and administrators, </font><font style="DISPLAY: inline; COLOR: #000000">shall be indemnified and secured
harmless out of the </font><font style="DISPLAY: inline; COLOR: #000000">assets
and profits of the Company </font><font style="DISPLAY: inline; COLOR: #000000">from and against all actions, costs,
charges, losses, damages and expenses which they or any of them, their or any of
their heirs, executors or administrators, shall or may incur or sustain by or by
reason of any act done,</font><font style="DISPLAY: inline; COLOR: #000000">
concurred in or omitted in or about the execution of their duty, or supposed
duty, in their respective offices or trusts; </font><font style="DISPLAY: inline; COLOR: #000000">and none of them shall be answerable for
the acts, receipts, neglects or defaults of the other or others of them or for
joining in an</font><font style="DISPLAY: inline; COLOR: #000000">y receipts for
the sake of conformity, or for any bankers or other persons with whom any moneys
or effects belonging to the Company shall or may be lodged or deposited for safe
custody, or for insufficiency or deficiency of any security upon which any
mon</font><font style="DISPLAY: inline; COLOR: #000000">e</font><font style="DISPLAY: inline; COLOR: #000000">ys of or belonging to the Company shall
be placed out on or invested, or for any other loss, misfortune or damage which
may happen in the execution of their respective offices or trusts, or in
relation thereto; PROVIDED THAT this</font><font style="DISPLAY: inline; COLOR: #000000"> indemnity shall not extend</font><font style="DISPLAY: inline; COLOR: #000000"> to any matter in respect of any
fraud</font><font style="DISPLAY: inline; COLOR: #000000"> or</font><font style="DISPLAY: inline; COLOR: #000000"> dishonesty</font><font style="DISPLAY: inline; COLOR: #000000"> which may attach to any of said
persons.</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">Each Member agrees to waive any claim or
right of action he might have, whether individually or by or in the right of the
Company, against any Director on ac</font><font style="DISPLAY: inline; COLOR: #000000">count of any action taken by such
Director, or the failure of such Director to take any action in the performance
of his duties with or for the Company; PROVIDED THAT such waiver shall not
extend to any matter in respect of any fraud or dishonesty which m</font><font style="DISPLAY: inline; COLOR: #000000">a</font><font style="DISPLAY: inline; COLOR: #000000">y attach to such
Director.</font></font></div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">AMENDMENT TO
MEMORANDUM AND ARTICLES OF ASSOCIATION</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">AND NAME OF
COMPANY</font></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">168.</font><font style="DISPLAY: inline; COLOR: #0000ff">183.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">No Article shall be rescinded, altered
or amended and no new Article shall be made until the same has been approved by
a special resolution of </font><font style="DISPLAY: inline; COLOR: #000000">the
Members.&#160;&#160;A special resolution shall be required to alter the
provisions of the Memorandum of Association or to change the name of the
Company.</font></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #000000; TEXT-DECORATION: underline">INFORMATION</font></font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; COLOR: #ff0000; TEXT-DECORATION: line-through">169.</font><font style="DISPLAY: inline; COLOR: #0000ff">184.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000">No Member shall be entitled to require
discovery of or any information respectin</font><font style="DISPLAY: inline; COLOR: #000000">g any detail of the Company</font><font style="DISPLAY: inline; COLOR: #000000">&#8217;</font><font style="DISPLAY: inline; COLOR: #000000">s trading or any matter which is or may
be in the nature of a trade secret or secret process which may relate to the
conduct of the business of the Company and which in the opinion of the Directors
it will be inexpedient in the</font><font style="DISPLAY: inline; COLOR: #000000">&#160;</font><font style="DISPLAY: inline; COLOR: #000000">interests of the members of the Company
to communicate to the public.</font></font></div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">62</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
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        </div><br><a name="Date" /></div>
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