SANDGATE REALISATIONS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 38-40 Hide Hill, Berwick-upon-Tweed, on 3rd February 1998, the following Resolutions were passed, as a Special Resolution as Ordinary Resolutions and as an Extraordinary Resolution respectively:   “That the Company be wound up voluntarily, that Gordon Smythe Goldie, of R. Tait Walker & Co., Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne NE3 3LS, be and is hereby appointed as Liquidator of the Company for the purpose of such voluntary winding-up, that the Liquidator’s remuneration shall be fixed by reference to the time properly given by him and his staff in attending to matters arising in the winding-up, including those falling outside his statutory duties undertaken at the request of Members and that, in accordance with the Company’s articles of association, the Liquidator be and is hereby authorised to divide among the Members in specie all or any part of the Company’s assets.” M. Alston, Chairman