WATERFRONT GOLF LTD

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at 3rd Floor, Regent House, Bath Avenue, Wolverhampton WV1 4EG, on 18th August 1998, the following Extraordinary Resolution was duly passed:   “That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that David Geoffrey Richardson, of 3rd Floor, Regent House, Bath Avenue, Wolverhampton WV1 4EG, be and is hereby appointed Liquidator for the purposes of such voluntary winding-up.” D. Troth, Chairman