PROPDEAN LIMITED (formerly known as E W F Edgwick Limited)

At an Extraordinary General Meeting of the above named Company held at Staverton Court, Staverton, Cheltenham, the following Resolutions were passed as a Special Resolution, as Ordinary Resolutions and as Extraordinary Resolutions respectively: “That the Company be wound up voluntarily, that Philip John Gorman, of Hazlewoods, Windsor House, Brunswick Road, Gloucester G11 1JR, be and is hereby appointed Liquidator of the Company, that the Liquidator’s remuneration shall be fixed with reference to the time costs of the Liquidator and his staff attending to matters arising in the winding-up of the Company which will not exceed £750 plus VAT plus disbursements, that the Liquidator be authorised, pursuant to the Insolvency Act 1986, section 110 to enter and carry into effect an agreement with Billot Limited in the form and to the effect of the draft agreement which has been produced to this Meeting and signed for the purposes of identification by the Chairman, and that the Liquidator be authorised to the Insolvency Act 1986, section 110, to enter into and carry into effect an agreement with Propdean Limited in the form and to the effect of the draft agreement which has been produced to this Meeting and signed for purposes of identification by the Chairman.” A. K. G. Milner, Chairman