PULSAR TIME EUROPE, LIMITED

By Special Resolution in writing, taking effect as Special Resolutions pursuant to section 381A of the Companies Act 1985, the subjoined Special Resolutions were duly passed:   “That the Company be wound up voluntarily, and that Roy Bailey and Martin Fishman, of Arthur Andersen, PO Box 55, 1 Surrey Street, London WC2R 2NT, be and they are hereby appointed Joint Liquidators for the purpose of such winding-up and that any act required or authorised under any enactment to be done by them may be done by either or both of them, and that the Joint Liquidators be remunerated by reference to the time properly given by the Insolvency Practitioners and their staff in attending to the matters arising in the winding-up, as described in the Engagement letter, and that the Joint Liquidators be hereby authorised in accordance with the Company’s Articles of Association to distribute to the sole Member in specie the whole or any part of the assets of the Company in such manner as they shall think fit.” A. Suzuki