Exhibit 1.1



THE COMPANIES LAW (2020
REVISION)

OF THE CAYMAN ISLANDS

COMPANY LIMITED BY SHARES



AMENDED AND RESTATED

MEMORANDUM AND ARTICLES OF
ASSOCIATION



OF



TRITERRAS, INC.



(ADOPTED BY SPECIAL
RESOLUTION DATED 10 NOVEMBER 2020 AND EFFECTIVE ON

10 NOVEMBER
2020)













www.verify.gov.ky File#: 360185Filed: 10-Nov-2020 11:30 ESTAuth Code: K17473743388







THE COMPANIES LAW (2020
REVISION)

OF THE CAYMAN ISLANDS

COMPANY LIMITED BY SHARES



AMENDED AND RESTATED

MEMORANDUM OF ASSOCIATION

OF

TRITERRAS, INC.



(ADOPTED BY SPECIAL RESOLUTION DATED 10 NOVEMBER
2020 AND EFFECTIVE ON 10 NOVEMBER 2020)



| | 1 | The name of the Company is Triterras, Inc.
| | - | ------------------------------------------



| | 2 | The Registered Office of the Company shall be at the offices of Maples Corporate
Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands, or at such other place within the Cayman Islands
as the Directors may decide.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3 | The objects for which the Company is established are unrestricted and the Company shall have full
power and authority to carry out any object not prohibited by the laws of the Cayman Islands.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4 | The liability of each Member is limited to the amount unpaid on such Member’s shares.
| | - | -------------------------------------------------------------------------------------



| | 5 | The share capital of the Company is US$50,000 divided into 469,000,001 ordinary shares of a par
value of US$0.0001 each and 30,999,999 preference shares of a par value of US$0.0001 each.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6 | The Company has power to register by way of continuation as a body corporate
limited by shares under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7 | Capitalised terms that are not defined in this Memorandum of Association bear the respective meanings
given to them in the Articles of Association of the Company.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------



www.verify.gov.ky File#: 360185Filed: 10-Nov-2020 11:30 ESTAuth Code: K174737433882







THE COMPANIES LAW
(2020 REVISION)

OF THE CAYMAN ISLANDS

COMPANY LIMITED BY SHARES



AMENDED AND RESTATED

ARTICLES OF ASSOCIATION

OF

TRITERRAS, INC.



(ADOPTED BY SPECIAL
RESOLUTION DATED 10 NOVEMBER 2020 AND EFFECTIVE ON 10 NOVEMBER 2020)



| | 1 | Interpretation
| | - | --------------



| | 1.1 | In the Articles Table A in the First Schedule to the Statute does
not apply and, unless there is something in the subject or context inconsistent therewith:
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------



| | “Applicable Law”  | means, with respect to any person, all provisions of laws, statutes, ordinances, rules, regulations, permits, certificates, judgments, decisions, decrees or orders of any governmental authority applicable to such person.
| | ----------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                   |                                                                                                                                                                                                                             
| | “Articles”        | means these articles of association of the Company.                                                                                                                                                                         
| |                   |                                                                                                                                                                                                                             
| | “Audit Committee” | means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.                                                                                        
| |                   |                                                                                                                                                                                                                             
| | “Auditor”         | means the person for the time being performing the duties of auditor of the Company (if any).                                                                                                                               
| |                   |                                                                                                                                                                                                                             
| | “business day”    | means any day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorised or obligated by law to close in New York City.                                    
| |                   |                                                                                                                                                                                                                             
| | “Cause”           | means a conviction for a criminal offence involving dishonesty or engaging in conduct which brings a Director or the Company into disrepute or which results in a material financial detriment to the Company.              
| |                   |                                                                                                                                                                                                                             
| | “Clearing House”  | means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or  quoted on a stock exchange or interdealer quotation system in  such jurisdiction.    





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| | “Company”                         | means
    the above named company.                                                                                                                                                                                                                                                                                                   
| | --------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Company’s
    Website”           | means
    the website of the Company and/or its web-address or domain name (if any).                                                                                                                                                                                                                                                 
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Compensation
    Committee”      | means
    the compensation committee of the board of directors of the Company established pursuant to the Articles, or any successor
    committee.                                                                                                                                                                                  
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Designated
    Stock Exchange”   | means
    any United States national securities exchange on which the securities of the Company are listed for trading, including the
    Nasdaq Capital Market.                                                                                                                                                                     
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Directors”                       | means
    the directors for the time being of the Company.                                                                                                                                                                                                                                                                           
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Dividend”                        | means
    any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.                                                                                                                                                                                                                            
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Electronic
    Communication”    | means
    a communication sent by electronic means, including electronic posting to the Company’s Website, transmission to any
    number, address or internet website (including the website of the Securities and Exchange Commission) or other electronic
    delivery methods as otherwise decided and approved by the Directors.
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Electronic
    Record”           | has
    the same meaning as in the Electronic Transactions Law.                                                                                                                                                                                                                                                                      
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Electronic
    Transactions Law” | means
    the Electronic Transactions Law (2003 Revision) of the Cayman
    Islands.                                                                                                                                                                                                                                                 
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Exchange
    Act”                | means
    the United States Securities Exchange Act of 1934, as amended or any similar U.S. federal statute and the rules and regulations
    of the Securities and Exchange Commission thereunder, all as the same shall be in effect at the time.                                                                                  
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Independent
    Director”        | has
    the same meaning as in the rules and regulations of the Designated Stock Exchange or in Rule 10A-3 under the Exchange Act,
    as the case may be.                                                                                                                                                                           
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Member”                          | has
    the same meaning as in the Statute.                                                                                                                                                                                                                                                                                          
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Memorandum”                      | means
    the memorandum of association of the Company.                                                                                                                                                                                                                                                                              
| |                                   |                                                                                                                                                                                                                                                                                                                                      
| | “Minimum
    Member”              | means
    a Member meeting the minimum requirements set forth for eligible members to submit proposals under Rule 14a-8 of the Exchange
    Act or any applicable rules thereunder as may be amended or promulgated thereunder from time to time.                                                                                    





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| | “Nominating and Corporate Governance Committee” | means the nominating and corporate governance committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.                                                                                                                                                                                                             
| | ----------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Officer”                                       | means a person appointed to hold an office in the Company.                                                                                                                                                                                                                                                                                                                     
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Ordinary Resolution”                           | means
    a resolution passed by a simple majority of the Members as, being entitled to do so, vote in person or, where proxies are
    allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is
    demanded regard shall be had to the number of votes to which each Member is entitled by the Articles.
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Ordinary Share”                                | means an ordinary share of a par value of US$0.0001 in the share capital of the Company.                                                                                                                                                                                                                                                                                       
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Preference Share”                              | means a preference share of a par value of US$0.0001 in the share capital of the Company.                                                                                                                                                                                                                                                                                      
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Register of Members”                           | means the register of Members maintained in accordance with the Statute and includes (except where otherwise stated) any branch or duplicate register of Members.                                                                                                                                                                                                              
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Registered Office”                             | means the registered office for the time being of the Company.                                                                                                                                                                                                                                                                                                                 
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Seal”                                          | means the common seal of the Company and includes every duplicate seal.                                                                                                                                                                                                                                                                                                        
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Securities
and Exchange Commission”            | means the United States Securities and Exchange Commission.                                                                                                                                                                                                                                                                                                                    
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Share”                                         | means an Ordinary Share or a Preference Share and includes a fraction of a share in the Company.                                                                                                                                                                                                                                                                               
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Special Resolution”                            | has the same meaning as in the Statute, and includes a unanimous written resolution.                                                                                                                                                                                                                                                                                           
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Statute”                                       | means the Companies Law (2020 Revision) of the Cayman Islands.                                                                                                                                                                                                                                                                                                                 
| |                                                 |                                                                                                                                                                                                                                                                                                                                                                                
| | “Treasury Share”                                | means a Share held in the name of the Company as a treasury share in accordance with the Statute.                                                                                                                                                                                                                                                                              



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| | 1.2 | In the Articles:
| | --- | ----------------



| | (a) | words importing the singular number include the plural number and vice versa;
| | --- | -----------------------------------------------------------------------------



| | (b) | words importing the masculine gender include the feminine gender;
| | --- | -----------------------------------------------------------------



| | (c) | words importing persons include corporations as well as any other legal or natural person;
| | --- | ------------------------------------------------------------------------------------------



| | (d) | “written” and “in writing” include all modes of representing or reproducing
words in visible form, including in the form of an Electronic Record;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | “shall” shall be construed as imperative and “may” shall be construed as permissive;
| | --- | ------------------------------------------------------------------------------------



| | (f) | references to provisions of any law or regulation shall be construed as references to those provisions
as amended, modified, re-enacted or replaced;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) | any phrase introduced by the terms “including”, “include”,
“in particular” or any similar expression shall be construed as illustrative and shall not limit the sense of the words
preceding those terms;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (h) | the term “and/or” is used herein to mean both “and” as
well as “or.” The use of “and/or” in certain contexts in no respects qualifies or modifies the use of the terms
“and” or “or” in others. The term “or” shall not be interpreted to be exclusive and the term “and”
shall not be interpreted to require the conjunctive (in each case, unless the context otherwise requires);
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | headings are inserted for reference only and shall be ignored in construing the Articles;
| | --- | -----------------------------------------------------------------------------------------



| | (j) | any requirements as to delivery under the Articles include delivery in the form of an Electronic
Record;
| | --- | --------------------------------------------------------------------------------------------------------



| | (k) | any requirements as to execution or signature under the Articles including
the execution of the Articles themselves can be satisfied in the form of an electronic signature as defined in the Electronic Transactions
Law;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (l) | sections 8 and 19(3) of the Electronic Transactions Law shall not apply;
| | --- | ------------------------------------------------------------------------



| | (m) | the term “clear days” in relation to the period of a notice means
that period excluding the day when the notice is received or deemed to be received and the day for which it is given or on which
it is to take effect; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (n) | the term “holder” in relation to a Share means a person whose name is entered in the
Register of Members as the holder of such Share.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------



| | 2 | Commencement of Business
| | - | ------------------------



| | 2.1 | The business of the Company may be commenced as soon after incorporation
of the Company as the Directors shall see fit.
| | --- | -----------------------------------------------------------------------------------------------------------------------



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| | 2.2 | The Directors may pay, out of the capital or
any other monies of the Company, all expenses incurred in or about the formation and establishment of the Company, including the
expenses of registration.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3 | Issue of Shares and Rights
attaching to Shares
| | - | ----------------------------------------------



| | 3.1 | Subject to the provisions, if any, in the Memorandum
(and to any direction that may be given by the Company in general meeting) and, where applicable, the rules and regulations of
the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise
under Applicable Law, and without prejudice to any rights attached to any existing Shares, the Directors may allot, issue, grant
options over or otherwise dispose of Shares (including fractions of a Share) with or without preferred, deferred or other rights
or restrictions, whether in regard to Dividends or other distributions, voting, return of capital or otherwise and to such persons,
at such times and on such other terms as they think proper, and may also (subject to the Statute and the Articles) vary such rights.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3.2 | The Company may issue rights, options, warrants
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 other securities in the Company on such terms as the Directors may from time to time determine.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3.3 | The Company may issue securities in the Company, which may be comprised of
whole or fractional Shares, rights, options, warrants 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 other securities in the Company, upon
such terms as the Directors may from time to time determine.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3.4 | The Company shall not issue
Shares to bearer.
| | --- | ---------------------------------------------



| | 4 | Register of Members
| | - | -------------------



| | 4.1 | The Company shall maintain or cause to be maintained
the Register of Members in accordance with the Statute.
| | --- | ------------------------------------------------------------------------------------------------------------



| | 4.2 | The Directors may determine that the Company
shall maintain one or more branch registers of Members in accordance with the Statute. The Directors may also determine which register
of Members shall constitute the principal register and which shall constitute the branch register or registers, and to vary such
determination from time to time.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5 | Closing Register of Members
or Fixing Record Date
| | - | -------------------------------------------------



| | 5.1 | For the purpose of determining Members entitled to notice of, or to vote at
any meeting of Members or any adjournment thereof, or Members entitled to receive payment of any Dividend or other distribution,
or in order to make a determination of Members for any other purpose, the Directors may, after notice has been given by advertisement
in an appointed newspaper or any other newspaper or by any other means in accordance with the rules and regulations of the Designated
Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law, provide
that the Register of Members shall be closed for transfers for a stated period which shall not in any case exceed forty days.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



www.verify.gov.ky File#: 360185Filed: 10-Nov-2020 11:30 ESTAuth Code: K174737433887







| | 5.2 | In lieu of, or apart from, closing the Register
of Members, the Directors may fix in advance or arrears a date as the record date for any such determination of Members entitled
to notice of, or to vote at any meeting of the Members or any adjournment thereof, or for the purpose of determining the Members
entitled to receive payment of any Dividend or other distribution, or in order to make a determination of Members for any other
purpose.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5.3 | If the Register of Members is not so closed
and no record date is fixed for the determination of Members entitled to notice of, or to vote at, a meeting of Members or Members
entitled to receive payment of a Dividend or other distribution, the date on which notice of the meeting is sent or the date on
which the resolution of the Directors resolving to pay such Dividend or other distribution is passed, as the case may be, shall
be the record date for such determination of Members. When a determination of Members entitled to vote at any meeting of Members
has been made as provided in this Article, such determination shall apply to any adjournment thereof.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6 | Certificates for Shares
| | - | -----------------------



| | 6.1 | A Member shall only be entitled to a share certificate
if the Directors resolve that share certificates shall be issued. Share certificates representing Shares, if any, shall be in such
form as the Directors may determine. Share certificates shall be signed by one or more Directors or other person authorised by
the Directors. The Directors may authorise certificates to be issued with the authorised signature(s) affixed by mechanical process.
All certificates for Shares shall be consecutively numbered or otherwise identified and shall specify the Shares to which they
relate. All certificates surrendered to the Company for transfer shall be cancelled and, subject to the Articles, no new certificate
shall be issued until the former certificate representing a like number of relevant Shares shall have been surrendered and cancelled.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6.2 | The Company shall not be bound to issue more
than one certificate for Shares held jointly by more than one person and delivery of a certificate to one joint holder shall be
a sufficient delivery to all of them.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6.3 | If a share certificate is defaced, worn out,
lost or destroyed, it may be renewed on such terms (if any) as to evidence and indemnity and on the payment of such expenses reasonably
incurred by the Company in investigating evidence, as the Directors may prescribe, and (in the case of defacement or wearing out)
upon delivery of the old certificate.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6.4 | Every share certificate sent in accordance with
the Articles will be sent at the risk of the Member or other person entitled to the certificate. The Company will not be responsible
for any share certificate lost or delayed in the course of delivery.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6.5 | Share certificates shall be issued within the relevant time limit as prescribed
by the Statute, if applicable, or as the rules and regulations of the Designated Stock Exchange, the Securities and Exchange Commission
and/or any other competent regulatory authority or otherwise under Applicable Law may from time to time determine, whichever is
shorter, after the allotment or, except in the case of a Share transfer which the Company
is for the time being entitled to refuse to register and does not register, after lodgement of a Share transfer with the Company.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | 7 | Transfer of Shares
| | - | ------------------



| | 7.1 | Subject to the terms of the Articles, any Member may transfer all or any of
his Shares by an instrument of transfer provided that such transfer complies with the rules and regulations of the Designated Stock
Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable
Law. If the Shares in question were issued in conjunction with rights, options or warrants issued pursuant to the Articles on terms
that one cannot be transferred without the other, the Directors shall refuse to register the transfer of any such Share without
evidence satisfactory to them of the like transfer of such option or warrant.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7.2 | The instrument of transfer of any Share shall
be in writing in the usual or common form or in a form prescribed by the rules and regulations of the Designated Stock Exchange,
the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law or in
any other form approved by the Directors and shall be executed by or on behalf of the transferor (and if the Directors so require,
signed by or on behalf of the transferee) and may be under hand or, if the transferor or transferee is a Clearing House or its
nominee(s), by hand or by machine imprinted signature or by such other manner of execution as the Directors may approve from time
to time. The transferor shall be deemed to remain the holder of a Share until the name of the transferee is entered in the Register
of Members.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8 | Redemption, Repurchase
and Surrender of Shares
| | - | ----------------------------------------------



| | 8.1 | Subject to the provisions of the Statute, and, where applicable, the rules
and regulations of the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory
authority or otherwise under Applicable Law, the Company may issue Shares that are to be redeemed or are liable to be redeemed
at the option of the Member or the Company.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8.2 | Subject to the provisions of the Statute, and,
where applicable, the rules and regulations of the Designated Stock Exchange, the Securities and Exchange Commission and/or any
other competent regulatory authority or otherwise under Applicable Law, the Company may purchase its own Shares (including any
redeemable Shares) in such manner and on such other terms as the Directors may agree with the relevant Member.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8.3 | The Company may make a payment in respect of
the redemption or purchase of its own Shares in any manner permitted by the Statute, including out of capital.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8.4 | The Directors may accept
the surrender for no consideration of any fully paid Share.
| | --- | ------------------------------------------------------------------------------------



| | 9 | Treasury Shares
| | - | ---------------



| | 9.1 | The Directors may, prior to the purchase, redemption
or surrender of any Share, determine that such Share shall be held as a Treasury Share.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------





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| | 9.2 | The Directors may determine to cancel a Treasury
Share or transfer a Treasury Share on such terms as they think proper (including, without limitation, for nil consideration).
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10 | Variation of Rights of
Shares
| | -- | -----------------------------



| | 10.1 | Subject to Article 3.1, if at any time the share capital of the Company is
divided into different classes of Shares, all or any of the rights attached to any class (unless otherwise provided by the terms
of issue of the Shares of that class) may, whether or not the Company is being wound up, be varied without the consent of the holders
of the issued Shares of that class where such variation is considered by the Directors not to have a material adverse effect upon
such rights; otherwise, any such variation shall be made only with the consent in writing of the holders of not less than two thirds
of the issued Shares of that class, or with the approval of a resolution passed by a majority of not less than two thirds of the
votes cast at a separate meeting of the holders of the Shares of that class. For the avoidance of doubt, the Directors reserve
the right, notwithstanding that any such variation may not have a material adverse effect, to obtain consent from the holders of
Shares of the relevant class. To any such meeting all the provisions of the Articles relating to general meetings shall apply mutatis
mutandis, except that the necessary quorum shall be one person holding or representing by proxy at least one third of the issued
Shares of the class and that any holder of Shares of the class present in person or by proxy may demand a poll.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10.2 | For the purposes of a separate class meeting, the Directors may treat two
or more or all the classes of Shares as forming one class of Shares if the Directors consider that such class of Shares would be
affected in the same way by the proposals under consideration, but in any other case shall treat them as separate classes of Shares.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10.3 | The rights conferred upon the holders of the Shares of any class issued with
preferred or other rights shall not, unless otherwise expressly provided by the terms of issue of the Shares of that class, be
deemed to be varied by the creation or issue of further Shares ranking pari passu therewith or Shares issued with preferred or
other rights.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 11 | Commission on Sale of Shares
| | -- | ----------------------------



The Company may, in so far
as the Statute permits, pay a commission to any person in consideration of his subscribing or agreeing to subscribe (whether absolutely
or conditionally) or procuring or agreeing to procure subscriptions (whether absolutely or conditionally) for any Shares. Such
commissions may be satisfied by the payment of cash and/or the issue of fully or partly paid-up Shares. The Company may also on
any issue of Shares pay such brokerage as may be lawful.



| | 12 | Non Recognition of Trusts
| | -- | -------------------------



The Company shall not be bound
by or compelled to recognise in any way (even when notified) any equitable, contingent, future or partial interest in any Share,
or (except only as is otherwise provided by the Articles or the Statute) any other rights in respect of any Share other than an
absolute right to the entirety thereof in the holder.





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| | 13 | Lien on Shares
| | -- | --------------



| | 13.1 | The Company shall have a first and paramount lien on all Shares (whether fully
paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements
to or with the Company (whether presently payable or not) by such Member or his estate, either alone or jointly with any other
person, whether a Member or not, but the Directors may at any time declare any Share to be wholly or in part exempt from the provisions
of this Article. The registration of a transfer of any such Share shall operate as a waiver of the Company’s lien thereon. The
Company’s lien on a Share shall also extend to any amount payable in respect of that Share.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 13.2 | The Company may sell, in such manner as the Directors think fit, any Shares
on which the Company has a lien, if a sum in respect of which the lien exists is presently payable, and is not paid within fourteen
clear days after notice has been received or deemed to have been received by the holder of the Shares, or to the person entitled
to it in consequence of the death or bankruptcy of the holder, demanding payment and stating that if the notice is not complied
with the Shares may be sold.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 13.3 | To give effect to any such sale the Directors may authorise any person to
execute an instrument of transfer of the Shares sold to, or in accordance with the directions of, the purchaser. The purchaser
or his nominee shall be registered as the holder of the Shares comprised in any such transfer, 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 invalidity in the
sale or the exercise of the Company’s power of sale under the Articles.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 13.4 | The net proceeds of such sale after payment of costs, shall be applied in
payment of such part of the amount in respect of which the lien exists as is presently payable and any balance shall (subject to
a like lien for sums not presently payable as existed upon the Shares before the sale) be paid to the person entitled to the Shares
at the date of the sale.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 14 | Call on Shares
| | -- | --------------



| | 14.1 | Subject to the terms of the allotment and issue of any Shares, the Directors
may make calls upon the Members in respect of any monies unpaid on their Shares (whether in respect of par value or premium), and
each Member shall (subject to receiving at least fourteen clear days’ notice specifying the time or times of payment) pay to the
Company at the time or times so specified the amount called on the Shares. A call may be revoked or postponed, in whole or in part,
as the Directors may determine. A call may be required to be paid by instalments. A person upon whom a call is made shall remain
liable for calls made upon him notwithstanding the subsequent transfer of the Shares in respect of which the call was made.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 14.2 | A call shall be deemed to have been made at the time when the resolution of
the Directors authorising such call was passed.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------



| | 14.3 | The joint holders of a Share shall be jointly and severally
liable to pay all calls in respect thereof.
| | ---- | -------------------------------------------------------------------------------------------------------





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| | 14.4 | If a call remains unpaid after it has become due and payable, the person from
whom it is due shall pay interest on the amount unpaid from the day it became due and payable until it is paid at such rate as
the Directors may determine (and in addition all expenses that have been incurred by the Company by reason of such non-payment),
but the Directors may waive payment of the interest or expenses wholly or in part.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 14.5 | An amount payable in respect of a Share on issue or allotment or at any fixed
date, whether on account of the par value of the Share or premium or otherwise, shall be deemed to be a call and if it is not paid
all the provisions of the Articles shall apply as if that amount had become due and payable by virtue of a call.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 14.6 | The Directors may issue Shares with different terms as to the amount and times
of payment of calls, or the interest to be paid.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------



| | 14.7 | The Directors may, if they think fit, receive an amount from any Member willing
to advance all or any part of the monies uncalled and unpaid upon any Shares held by him, and may (until the amount would otherwise
become payable) pay interest at such rate as may be agreed upon between the Directors and the Member paying such amount in advance.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 14.8 | No such amount paid in advance of calls shall entitle the Member paying such
amount to any portion of a Dividend or other distribution payable in respect of any period prior to the date upon which such amount
would, but for such payment, become payable.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 15 | Forfeiture of Shares
| | -- | --------------------



| | 15.1 | If a call or instalment of a call remains unpaid after it has become due and
payable the Directors may give to the person from whom it is due not less than fourteen clear days’ notice requiring payment of
the amount unpaid together with any interest which may have accrued and any expenses incurred by the Company by reason of such
non-payment. The notice shall specify where payment is to be made and shall state that if the notice is not complied with the Shares
in respect of which the call was made will be liable to be forfeited.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 15.2 | If the notice is not complied with, any Share in respect of which it was given
may, before the payment required by the notice has been made, be forfeited by a resolution of the Directors. Such forfeiture shall
include all Dividends, other distributions or other monies payable in respect of the forfeited Share and not paid before the forfeiture.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 15.3 | A forfeited Share may be sold, re-allotted or otherwise disposed of on such
terms and in such manner as the Directors think fit and at any time before a sale, re-allotment or disposition the forfeiture may
be cancelled on such terms as the Directors think fit. Where for the purposes of its disposal a forfeited Share is to be transferred
to any person the Directors may authorise some person to execute an instrument of transfer of the Share in favour of that person.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 15.4 | A person any of whose Shares have been forfeited shall cease to be a Member
in respect of them and shall surrender to the Company for cancellation the certificate for the Shares forfeited and shall remain
liable to pay to the Company all monies which at the date of forfeiture were payable by him to the Company in respect of those
Shares together with interest at such rate as the Directors may determine, but his liability shall cease if and
when the Company shall have received payment in full of all monies due and payable by him in respect of those Shares.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 15.5 | A certificate in writing under the hand of one Director or Officer that a
Share has been forfeited on a specified date shall be conclusive evidence of the facts stated in it as against all persons claiming
to be entitled to the Share. The certificate shall (subject to the execution of an instrument of transfer) constitute a good title
to the Share and the person to whom the Share is sold or otherwise disposed of shall not be bound to see to the application of
the purchase money, if any, nor shall his title to the Share be affected by any irregularity or invalidity in the proceedings in
reference to the forfeiture, sale or disposal of the Share.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 15.6 | The provisions of the Articles as to forfeiture shall apply in the case of
non payment of any sum which, by the terms of issue of a Share, becomes payable at a fixed time, whether on account of the par
value of the Share or by way of premium as if it had been payable by virtue of a call duly made and notified.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 16 | Transmission of Shares
| | -- | ----------------------



| | 16.1 | If a Member dies, the survivor or survivors (where he was a joint holder),
or his legal personal representatives (where he was a sole holder), shall be the only persons recognised by the Company as having
any title to his Shares. The estate of a deceased Member is not thereby released from any liability in respect of any Share, for
which he was a joint or sole holder.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 16.2 | Any person becoming entitled to a Share in consequence of the death or bankruptcy
or liquidation or dissolution of a Member (or in any other way than by transfer) may, upon such evidence being produced as may
be required by the Directors, elect, by a notice in writing sent by him to the Company, either to become the holder of such Share
or to have some person nominated by him registered as the holder of such Share. If he elects to have another person registered
as the holder of such Share he shall sign an instrument of transfer of that Share to that person. The Directors shall, in either
case, have the same right to decline or suspend registration as they would have had in the case of a transfer of the Share by the
relevant Member before his death or bankruptcy or liquidation or dissolution, as the case may be.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 16.3 | A person becoming entitled to a Share by reason of the death or bankruptcy
or liquidation or dissolution of a Member (or in any other case than by transfer) shall be entitled to the same Dividends, other
distributions and other advantages to which he would be entitled if he were the holder of such Share. However, he shall not, before
becoming a Member in respect of a Share, be entitled in respect of it to exercise any right conferred by membership in relation
to general meetings of the Company and the Directors may at any time give notice requiring any such person to elect either to be
registered himself or to have some person nominated by him be registered as the holder of the Share (but the Directors shall, in
either case, have the same right to decline or suspend registration as they would have had in the case of a transfer of the Share
by the relevant Member before his death or bankruptcy or liquidation or dissolution or any other case than by transfer, as the
case may be). If the notice is not complied with within ninety days of being received or deemed to be received (as determined pursuant
to the Articles), the Directors may thereafter withhold payment of all Dividends, other distributions, bonuses or other monies
payable in respect of the Share until the requirements of the notice have been complied with.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 17 | Amendments of Memorandum
and Articles of Association and Alteration of Capital
| | -- | ------------------------------------------------------------------------------



| | 17.1 | The Company may by Ordinary Resolution:
| | ---- | ---------------------------------------



| | (a) | increase its share capital by such sum as the Ordinary Resolution shall prescribe
and with such rights, priorities and privileges annexed thereto, as the Company in general meeting may determine;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | consolidate and divide all or any of its share capital into Shares of larger amount than its existing
Shares;
| | --- | -------------------------------------------------------------------------------------------------------------



| | (c) | convert all or any of its paid-up Shares into stock, and reconvert that stock into paid-up Shares
of any denomination;
| | --- | ----------------------------------------------------------------------------------------------------------------------



| | (d) | by subdivision of its existing Shares or any of them divide the whole or any
part of its share capital into Shares of smaller amount than is fixed by the Memorandum or into Shares without par value; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | cancel any Shares that at the date of the passing of the Ordinary Resolution
have not been taken or agreed to be taken by any person and diminish the amount of its share capital by the amount of the Shares
so cancelled.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 17.2 | All new Shares created in accordance with the provisions of the preceding
Article shall be subject to the same provisions of the Articles with reference to the payment of calls, liens, transfer, transmission,
forfeiture and otherwise as the Shares in the original share capital.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 17.3 | Subject to the provisions of the Statute and the provisions of the Articles
as regards the matters to be dealt with by Ordinary Resolution, the Company may by Special Resolution:
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | change its name;
| | --- | ----------------



| | (b) | alter or add to the Articles;
| | --- | -----------------------------



| | (c) | alter or add to the Memorandum with respect to any objects, powers or other matters specified therein;
and
| | --- | ----------------------------------------------------------------------------------------------------------



| | (d) | reduce its share capital or any capital redemption reserve fund.
| | --- | ----------------------------------------------------------------



| | 18 | Offices and Places of Business
| | -- | ------------------------------



Subject to the provisions
of the Statute, the Company may by resolution of the Directors change the location of its Registered Office. The Company may, in
addition to its Registered Office, maintain such other offices or places of business as the Directors determine.



| | 19 | General Meetings
| | -- | ----------------



| | 19.1 | All general meetings other than annual general meetings shall be called extraordinary general meetings.
| | ---- | -------------------------------------------------------------------------------------------------------





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| | 19.2 | The Company may, but shall not (unless required by the Statute) be obliged
to, in each year hold a general meeting as its annual general meeting, and shall specify the meeting as such in the notices calling
it. Any annual general meeting shall be held at such time and place as the Directors shall appoint and if no other time and place
is prescribed by them, it shall be held at the Registered Office on the second Wednesday in December of each year at ten o’clock
in the morning. At these meetings the report of the Directors (if any) shall be presented.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 19.3 | The Directors, the chief executive officer or the chairman of the board of
Directors may call general meetings.
| | ---- | ---------------------------------------------------------------------------------------------------------------



| | 20 | Notice of General Meetings
| | -- | --------------------------



| | 20.1 | At least five clear days’ notice shall be given of any general meeting. Every
notice shall specify the place, the day and the hour of the meeting and the general nature of the business to be conducted at the
general meeting and shall be given in the manner hereinafter mentioned or in such other manner if any as may be prescribed by the
Company, provided that a general meeting of the Company shall, whether or not the notice specified in this Article has been given
and whether or not the provisions of the Articles regarding general meetings have been complied with, be deemed to have been duly
convened if it is so agreed:
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | in the case of an annual general meeting, by all of the Members entitled to attend and vote thereat;
and
| | --- | --------------------------------------------------------------------------------------------------------



| | (b) | in the case of an extraordinary general meeting, by a majority in number of
the Members having a right to attend and vote at the meeting, together holding not less than ninety-five per cent in par value
of the Shares giving that right.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 20.2 | The accidental omission to give notice of a general meeting to, or the non
receipt of notice of a general meeting by, any person entitled to receive such notice shall not invalidate the proceedings of that
general meeting.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 21 | Advance Notice for Business
| | -- | ---------------------------



| | 21.1 | At each annual general meeting, the Members shall appoint the Directors then
subject to appointment in accordance with the procedures set forth in the Articles and subject to the rules and regulations of
the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise
under Applicable Law. At any such annual general meeting any other business properly brought before the annual general meeting
may be transacted.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 21.2 | To be properly brought before an annual general meeting,
                                                                                                                                 business (other than nominations of Directors, which must be made in compliance with, and shall be exclusively governed by,
                                                                                                                                 Article 28) must be:
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | specified in the notice of the annual general meeting (or any supplement thereto) given to Members
by or at the direction of the Directors in accordance with the Articles;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | (b) | otherwise properly brought before the annual general meeting by or at the direction of the Directors;
or
| | --- | --------------------------------------------------------------------------------------------------------



| | (c) | otherwise properly brought before the annual general meeting by a Member who:
| | --- | -----------------------------------------------------------------------------



| | (i) | is a Minimum Member at the time of giving of the notice provided for in this Article and at the
time of the annual general meeting;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------



| | (ii) | is entitled to vote at such annual general meeting; and
| | ---- | -------------------------------------------------------



| | (iii) | complies with the notice procedures set forth in this Article.
| | ----- | --------------------------------------------------------------



| | 21.3 | For any such business to be properly brought before any annual general meeting
pursuant to Article 21.2(c), the Member must have given timely notice thereof in writing, either by personal delivery or express
or registered mail (postage prepaid), to the Company not earlier than the close of business on the 120th day and not later than
the close of business on the 90th day prior to the one-year anniversary of the date of the annual general meeting for the immediately
preceding year. However, in the event that the date of the annual general meeting is more than 30 days before or after such anniversary
date, in order to be timely, a Member’s notice must be received by the Company not later than the later of: (x) the close of business
90 days prior to the date of such annual general meeting; and (y) if the first public announcement of the date of such advanced
or delayed annual general meeting is less than 100 days prior to such date, 10 days following the date of the first public announcement
of the annual general meeting date. In no event shall the public announcement of an adjournment or postponement of an annual general
meeting, or such adjournment or postponement, commence a new time period or otherwise extend any time period for the giving of
a Member’s notice as described herein.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 21.4 | Any such notice of other business shall set forth as to each matter the Member
proposes to bring before the annual general meeting:
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------



| | (a) | a brief description of the business desired to be brought before the annual
general meeting, the reasons for conducting such business at the annual general meeting and the text of any proposal regarding
such business (including the text of any resolutions proposed for consideration and, if such business includes a proposal to amend
the Articles, the text of the proposed amendment), which shall not exceed 1,000 words;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | as to the Member giving notice and any beneficial owner on whose behalf the proposal is made:
| | --- | ---------------------------------------------------------------------------------------------



| | (i) | the name and address of such Member (as it appears in the Register of Members) and such beneficial
owner on whose behalf the proposal is made;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | the class and number of Shares which are, directly or indirectly, owned beneficially
or of record by any such Member and by such beneficial owner, respectively, or their respective Affiliates (naming such Affiliates),
as at the date of such notice;
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | a description of any agreement, arrangement or understanding (including, without
limitation, any swap or other derivative or short positions, profit interests, options, hedging transactions, and
securities lending or borrowing arrangement) to which such Member or any such beneficial owner or their respective Affiliates is,
directly or indirectly, a party as at the date of such notice: (x) with respect to any Shares; or (y) the effect or intent of which
is to mitigate loss to, manage the potential risk or benefit of share price changes (increases or decreases) for, or increase or
decrease the voting power of such Member or beneficial owner or any of their Affiliates with respect to Shares or which may have
payments based in whole or in part, directly or indirectly, on the value (or change in value) of any Shares (any agreement, arrangement
or understanding of a type described in this Article 21.4(b)(iii), a “Covered Arrangement”); and
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | (iv) | a representation that the Member is a holder of record of Shares entitled
to vote at such annual general meeting and intends to appear in person or by proxy at the annual general meeting to propose such
business;
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | a description of any direct or indirect material interest by security holdings
or otherwise of the Member and of any beneficial owner on whose behalf the proposal is made, or their respective Affiliates, in
such business (whether by holdings of securities, or by virtue of being a creditor or contractual counterparty of the Company or
of a third party, or otherwise) and all agreements, arrangements and understandings between such Member or any such beneficial
owner or their respective Affiliates and any other person or persons (naming such person or persons) in connection with the proposal
of such business by such Member;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | a representation whether the Member or the beneficial owner intends or is part of a Group which
intends:
| | --- | --------------------------------------------------------------------------------------------------------



| | (i) | to deliver a proxy statement and/or form of proxy to holders of at least the
percentage of the Ordinary Shares (or other Shares) required to approve or adopt the proposal; and/or
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | otherwise to solicit proxies from Members in support of such proposal;
| | ---- | ----------------------------------------------------------------------



| | (e) | an undertaking by the Member and any beneficial owner on whose behalf the proposal is made to:
| | --- | ----------------------------------------------------------------------------------------------



| | (i) | notify the Company in writing of the information set forth in Articles 22.4(b)(ii),
(b)(iii) and (c) above as at the record date for the annual general meeting promptly (and, in any event, within five (5) business
days) following the later of the record date or the date notice of the record date is first disclosed by public announcement; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | update such information thereafter within two (2) business days of any change
in such information and, in any event, as at close of business on the day preceding the meeting date; and
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) | any other information relating to such Member, any such beneficial owner and
their respective Affiliates that would be required to be disclosed in a proxy statement or other filings required to be made in
connection with solicitations of proxies for, as applicable, such proposal pursuant to section 14 of the Exchange Act,
to the same extent as if the Shares were registered under the Exchange Act.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 21.5 | Notwithstanding anything to the contrary, the notice requirements set forth
herein with respect to the proposal of any business pursuant to this Article, other than nominations for Directors which must be
made in compliance with, and shall be exclusively governed by Article 28, shall be deemed satisfied by a Member if such Member
has submitted a proposal to the Company in compliance with Rule 14a-8 of the Exchange Act and such Member’s proposal has been included
in a proxy statement that has been prepared by the Company to solicit proxies for the annual general meeting; provided, that such
Member shall have provided the information required by Article 21.4; provided, further, that the information required by Article
21.4(b) may be satisfied by providing the information to the Company required pursuant to Rule 14a-8(b) of the Exchange Act.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 21.6 | Notwithstanding anything in the Articles to the contrary:
| | ---- | ---------------------------------------------------------



| | (a) | no other business brought by a Member (other than the nominations of Directors,
which must be made in compliance with, and shall be exclusively governed by Article 28) shall be conducted at any annual general
meeting except in accordance with the procedures set forth in this Article; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | unless otherwise required by Applicable Law and the rules of any applicable
stock exchange or quotation system on which Shares may be then listed or quoted, if a Member intending to bring business before
an annual general meeting in accordance with this Article does not: (x) timely provide the notifications contemplated by Article
21.4(e) above; or (y) timely appear in person or by proxy at the annual general meeting to present the proposed business, such
business shall not be transacted, notwithstanding that proxies in respect of such business may have been received by the Company
or any other person or entity.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 21.7 | Except as otherwise provided by Applicable Law or the Articles, the chairman
or co-chairman of any annual general meeting shall have the power and duty to determine whether any business proposed to be brought
before an annual general meeting was proposed in accordance with the foregoing procedures (including whether the Member solicited
or did not so solicit, as the case may be, proxies in support of such Member’s proposal in compliance with such Member’s representation
as required by Article 21.4(d)) and if any business is not proposed in compliance with this Article, to declare that such defective
proposal shall be disregarded. The requirements of this Article shall apply to any business to be brought before an annual general
meeting by a Member other than nominations of Directors (which must be made in compliance with, and shall be exclusively governed
by Article 28) and other than matters properly brought under Rule 14a-8 of the Exchange Act. For purposes of the Articles, “public
announcement” shall mean: disclosure in a press release of the Company reported by the Dow Jones News Service, Associated
Press or comparable news service or in a document publicly filed or furnished by the Company with or to the United States Securities
Exchange Commission pursuant to section 13, 14 or 15(b) of the Exchange Act.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 21.8 | Nothing in this Article shall be deemed to affect any rights
of:
| | ---- | ----------------------------------------------------------------



| | (a) | Members to request inclusion of proposals in the Company’s proxy statement pursuant to applicable
rules and regulations under the Exchange Act; or
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------





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| | (b) | the holders of any class of Preference Shares, or any other class of Shares
authorised to be issued by the Company, to make proposals pursuant to any applicable provisions thereof.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 21.9 | Notwithstanding the foregoing provisions of this Article, a Member shall also
comply with all applicable requirements of the Exchange Act and the rules and regulations thereunder with respect to the matters
set forth in this Article, if applicable.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22 | Proceedings at General
Meetings
| | -- | -------------------------------



| | 22.1 | No business shall be transacted at any general meeting unless a quorum is
present. The holders of a majority of the Shares being individuals present in person or by proxy or if a corporation or other non-natural
person by its duly authorised representative or proxy shall be a quorum.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.2 | A person may participate at a general meeting by conference telephone or other
communications equipment by means of which all the persons participating in the meeting can communicate with each other. Participation
by a person in a general meeting in this manner is treated as presence in person at that meeting.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.3 | A resolution (including a Special Resolution) in writing (in one or more counterparts)
signed by or on behalf of all of the Members for the time being entitled to receive notice of and to attend and vote at general
meetings (or, being corporations or other non-natural persons, signed by their duly authorised representatives) shall be as valid
and effective as if the resolution had been passed at a general meeting of the Company duly convened and held.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.4 | If a quorum is not present within half an hour from the time appointed for
the meeting to commence, the meeting shall stand adjourned to the same day in the next week at the same time and/or place or to
such other day, time and/or place as the Directors may determine, and if at the adjourned meeting a quorum is not present within
half an hour from the time appointed for the meeting to commence, the Members present shall be a quorum.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.5 | The Directors may, at any time prior to the time appointed for the meeting
to commence, appoint any person to act as chairman of a general meeting of the Company or, if the Directors do not make any such
appointment, the chairman, if any, of the board of Directors shall preside as chairman at such general meeting. If there is no
such chairman, or if he shall not be present within fifteen minutes after the time appointed for the meeting to commence, or is
unwilling to act, the Directors present shall elect one of their number to be chairman of the meeting.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.6 | If no Director is willing to act as chairman or if no Director is present
within fifteen minutes after the time appointed for the meeting to commence, the Members present shall choose one of their number
to be chairman of the meeting.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.7 | The chairman may, with the consent of a meeting at which a quorum is present
(and shall if so directed by the meeting) adjourn the meeting from time to time and from place to place, but no business shall
be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 22.8 | When a general meeting is adjourned for thirty days or more, notice of the
adjourned meeting shall be given as in the case of an original meeting. Otherwise it shall not be necessary to give any such notice
of an adjourned meeting.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.9 | If a notice is issued in respect of a general meeting and the Directors, in
their absolute discretion, consider that it is impractical or undesirable for any reason to hold that general meeting at the place,
the day and the hour specified in the notice calling such general meeting, the Directors may postpone the general meeting to another
place, day and/or hour provided that notice of the place, the day and the hour of the rearranged general meeting is promptly given
to all Members. No business shall be transacted at any postponed meeting other than the business specified in the notice of the
original meeting.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.10 | When a general meeting is postponed for thirty days or more, notice of the
postponed meeting shall be given as in the case of an original meeting. Otherwise it shall not be necessary to give any such notice
of a postponed meeting. All proxy forms submitted for the original general meeting shall remain valid for the postponed meeting.
The Directors may postpone a general meeting which has already been postponed.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.11 | A resolution put to the vote of the meeting shall be decided
on a poll.
| | ----- | -----------------------------------------------------------------------



| | 22.12 | A poll shall be taken as the chairman directs, and the result of the poll
shall be deemed to be the resolution of the general meeting at which the poll was demanded.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.13 | A poll demanded on the election of a chairman or on a question of adjournment
shall be taken forthwith. A poll demanded on any other question shall be taken at such date, time and place as the chairman of
the general meeting directs, and any business other than that upon which a poll has been demanded or is contingent thereon may
proceed pending the taking of the poll.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 22.14 | In the case of an equality of votes the chairman shall
be entitled to a second or casting vote.
| | ----- | -----------------------------------------------------------------------------------------------



| | 23 | Votes of Members
| | -- | ----------------



| | 23.1 | Subject to any rights or restrictions attached to any Shares, every Member
present in any such manner shall have one vote for every Share of which he is the holder.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 23.2 | In the case of joint holders the vote of the senior holder who tenders a vote,
whether in person or by proxy (or, in the case of a corporation or other non-natural person, by its duly authorised representative
or proxy), shall be accepted to the exclusion of the votes of the other joint holders, and seniority shall be determined by the
order in which the names of the holders stand in the Register of Members.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 23.3 | A Member of unsound mind, or in respect of whom an order has been made by
any court, having jurisdiction in lunacy, may vote by his committee, receiver, curator bonis, or other person on such Member’s
behalf appointed by that court, and any such committee, receiver, curator bonis or other person may vote by proxy.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 23.4 | No person shall be entitled to vote at any general meeting unless he is registered
as a Member on the record date for such meeting nor unless all calls or other monies then payable by him in respect of Shares have
been paid.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 23.5 | No objection shall be raised as to the qualification of any voter except at
the general meeting or adjourned general meeting at which the vote objected to is given or tendered and every vote not disallowed
at the meeting shall be valid. Any objection made in due time in accordance with this Article shall be referred to the chairman
whose decision shall be final and conclusive.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 23.6 | Votes may be cast either personally or by proxy (or in the case of a corporation
or other non-natural person by its duly authorised representative or proxy). A Member may appoint more than one proxy or the same
proxy under one or more instruments to attend and vote at a meeting. Where a Member appoints more than one proxy the instrument
of proxy shall specify the number of Shares in respect of which each proxy is entitled to exercise the related votes.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 23.7 | A Member holding more than one Share need not cast the votes in respect of
his Shares in the same way on any resolution and therefore may vote a Share or some or all such Shares either for or against a
resolution and/or abstain from voting a Share or some or all of the Shares and, subject to the terms of the instrument appointing
him, a proxy appointed under one or more instruments may vote a Share or some or all of the Shares in respect of which he is appointed
either for or against a resolution and/or abstain from voting a Share or some or all of the Shares in respect of which he is appointed.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 24 | Proxies
| | -- | -------



| | 24.1 | The instrument appointing a proxy shall be in writing and shall be executed
under the hand of the appointor or of his attorney duly authorised in writing, or, if the appointor is a corporation or other non
natural person, under the hand of its duly authorised representative. A proxy need not be a Member.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 24.2 | The Directors may, in the notice convening any meeting or adjourned meeting,
or in an instrument of proxy sent out by the Company, specify the manner by which the instrument appointing a proxy shall be deposited
and the place and the time (being not later than the time appointed for the commencement of the meeting or adjourned meeting to
which the proxy relates) at which the instrument appointing a proxy shall be deposited. In the absence of any such direction from
the Directors in the notice convening any meeting or adjourned meeting or in an instrument of proxy sent out by the Company, the
instrument appointing a proxy shall be deposited physically at the Registered Office not less than 48 hours before the time appointed
for the meeting or adjourned meeting to commence at which the person named in the instrument proposes to vote.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 24.3 | The chairman may in any event at his discretion declare that an instrument
of proxy shall be deemed to have been duly deposited. An instrument of proxy that is not deposited in the manner permitted, or
which has not been declared to have been duly deposited by the chairman, shall be invalid.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 24.4 | The instrument appointing a proxy may be in any usual or
                                                                                                                                                                      common form (or such other form as the Directors may approve) and may be expressed to be for a particular meeting or any
                                                                                                                                                                      adjournment thereof or generally until revoked. An instrument
appointing a proxy shall be deemed to include the power to demand or join or concur in demanding a poll.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 24.5 | Votes 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 proxy or of the authority under which
the proxy was executed, or the transfer of the Share in respect of which the proxy is given unless notice in writing of such death,
insanity, revocation or transfer was received by the Company at the Registered Office before the commencement of the general meeting,
or adjourned meeting at which it is sought to use the proxy.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 25 | Corporate Members
| | -- | -----------------



| | 25.1 | Any corporation or other non -natural person which is a Member may in accordance
with its constitutional documents, or in the absence of such provision 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 Company or of any class of Members, and
the person so authorised shall be entitled to exercise the same powers on behalf of the corporation which he represents as the
corporation could exercise if it were an individual Member.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 25.2 | If a Clearing House (or its nominee(s)), being a corporation, is a Member,
it may authorise such persons as it sees fit to act as its representative 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. Each person so authorised 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 registered holder of such Shares held by the Clearing House (or its nominee(s)).
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 26 | Shares that May Not be Voted
| | -- | ----------------------------



Shares in the Company that
are beneficially owned by the Company shall not be voted, directly or indirectly, at any meeting and shall not be counted in determining
the total number of outstanding Shares at any given time.



| | 27 | Directors
| | -- | ---------



There shall be a board of
Directors consisting of not less than one person provided however that, subject to Article 30.1, the Company may by Ordinary Resolution
increase or reduce the limits in the number of Directors.



| | 28 | Nomination of Directors
| | -- | -----------------------



| | 28.1 | Subject to Article 30.1, nominations of persons for election as Directors may be made at an annual
general meeting only by:
| | ---- | ---------------------------------------------------------------------------------------------------------------------------



| | (a) | the Directors; or
| | --- | -----------------



| | (b) | by any Member who:
| | --- | ------------------





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| | (i) | is a Minimum Member at the time of giving of the notice provided for in this Article and at the
time of the annual general meeting;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------



| | (ii) | is entitled to vote for the appointments at such annual general meeting; and
| | ---- | ----------------------------------------------------------------------------



| | (iii) | complies with the notice procedures set forth in this Article (notwithstanding
anything to the contrary set forth in the Articles, this Article 28.1(b) shall be the exclusive means for a Member to make nominations
of persons for election of Directors at an annual general meeting).
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 28.2 | Any Member entitled to vote for the elections may nominate a person or persons
for election as Directors only if written notice of such Member’s intent to make such nomination is given in accordance with the
procedures set forth in this Article, either by personal delivery or express or registered mail (postage prepaid), to the Company
not earlier than the close of business on the 120th day and not later than the close of business on the 90th day prior to the one-year
anniversary of the date of the annual general meeting for the immediately preceding year. However, in the event that the date of
the annual general meeting is more than 30 days before or after such anniversary date, in order to be timely, a Member’s notice
must be received by the Company not later than the later of: (x) the close of business 90 days prior to the date of such annual
general meeting; and (y) if the first public announcement of the date of such advanced or delayed annual general meeting is less
than 100 days prior to such date, 10 days following the date of the first public announcement of the annual general meeting date.
In no event shall the public announcement of an adjournment or postponement of an annual general meeting, or such adjournment or
postponement, commence a new time period or otherwise extend any time period for the giving of a Member’s notice as described herein.
Members may nominate a person or persons (as the case may be) for election to the Directors only as provided in this Article and
only for such class(es) as are specified in the notice of annual general meeting as being up for election at such annual general
meeting.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 28.3 | Each such notice of a Member’s intent to make a nomination
of a Director shall set forth:
| | ---- | -----------------------------------------------------------------------------------------



| | (a) | as to the Member giving notice and any beneficial owner on whose behalf the nomination is made:
| | --- | -----------------------------------------------------------------------------------------------



| | (i) | the name and address of such Member (as it appears in the Register of Members) and any such beneficial
owner on whose behalf the nomination is made;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | the class and number of Shares which are, directly or indirectly, owned beneficially
and of record by such Member and any such beneficial owner, respectively, or their respective Affiliates (naming such Affiliates),
as at the date of such notice;
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | a description of any Covered Arrangement to which such Member or beneficial
owner, or their respective Affiliates, directly or indirectly, is a party as at the date of such notice;
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | any other information relating to such Member and any such beneficial owner
that would be required to be disclosed in a proxy statement in connection with a solicitation of proxies for the election of Directors
in a contested election pursuant to section 14 of the Exchange Act; and
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | (v) | a representation that the Member is a holder of record of Shares entitled
to vote at such annual general meeting and intends to appear in person or by proxy at the meeting to nominate the person or persons
specified in such Member’s notice;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | a description of all arrangements or understandings between the Member or
any beneficial owner, or their respective Affiliates, and each nominee or any other person or persons (naming such person or persons)
pursuant to which the nomination or nominations are to be made by the Member;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | a representation whether the Member or the beneficial owner is or intends to be part of a Group
which intends:
| | --- | --------------------------------------------------------------------------------------------------------------



| | (i) | to deliver a proxy statement and/or form of proxy to holders of at least the
percentage of the Ordinary Shares (or other Shares) required to elect the Director or Directors nominated; and/or
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | otherwise to solicit proxies from Members in support of such nomination or nominations;
| | ---- | ---------------------------------------------------------------------------------------



| | (d) | as to each person whom the Member proposes to nominate for election or re-election as a Director:
| | --- | -------------------------------------------------------------------------------------------------



| | (i) | all information relating to such person as would have been required to be
included in a proxy statement filed in connection with a solicitation of proxies for the election of Directors in a contested election
pursuant to section 14 of the Exchange Act;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | a description of any Covered Arrangement to which such nominee or any of his Affiliates is a party
as at the date of such notice
| | ---- | --------------------------------------------------------------------------------------------------------------------------------



| | (iii) | the written consent of each nominee to being named in the proxy statement as a nominee and to serving
as a Director if so elected; and
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | whether, if elected, the nominee intends to tender any advance resignation
notice(s) requested by the Directors in connection with subsequent elections, such advance resignation to be contingent upon the
nominee’s failure to receive a majority vote and acceptance of such resignation by the Directors; and
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | an undertaking by the Member of record and each beneficial owner, if any,
to (i) notify the Company in writing of the information set forth in Articles 29.3(a)(ii), (a)(iii), (b) and (d) above as at the
record date for the annual general meeting promptly (and, in any event, within five (5) business days) following the later of the
record date or the date notice of the record date is first disclosed by public announcement and (ii) update such information thereafter
within two (2) business days of any change in such information and, in any event, as at close of business on the day preceding
the meeting date.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 28.4 | No person shall be eligible for election as a Director unless nominated in
accordance with the procedures set forth in the Articles. Except as otherwise provided by Applicable Law or the Articles, the chairman
or co-chairman of any annual general meeting to elect Directors or the Directors may, if the facts warrant, determine
that a nomination was not made in compliance with the foregoing procedure or if the Member solicits proxies in support of such
Member’s nominee(s) without such Member having made the representation required by Article 28.3(c); and if the chairman, co-chairman
or the Directors should so determine, it shall be so declared to the annual general meeting, and the defective nomination shall
be disregarded. Notwithstanding anything in the Articles to the contrary, unless otherwise required by the rules and regulations
of the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise
under Applicable Law, if a Member intending to make a nomination at an annual general meeting in accordance with this Article does
not:
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | (a) | timely provide the notifications contemplated by of Article 28.3(e); or
| | --- | -----------------------------------------------------------------------





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| | (b) | timely appear in person or by proxy at the annual general meeting to present
the nomination, such nomination shall be disregarded, notwithstanding that proxies in respect of such nomination may have been
received by the Company or any other person or entity.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 28.5 | Notwithstanding the foregoing provisions of this Article, any Member intending
to make a nomination at an annual general meeting in accordance with this Article, and each related beneficial owner, if any, shall
also comply with all requirements of the Exchange Act and the rules and regulations thereunder applicable to the same extent as
if the Shares were registered under the Exchange Act with respect to the matters set forth in the Articles; provided, however,
that any references in the Articles to the Exchange Act are not intended to and shall not limit the requirements applicable to
nominations made or intended to be made in accordance with Article 28.1(b).
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 28.6 | Nothing in this Article shall be deemed to affect any rights of the holders
of any class of Preference Shares, or any other class of Shares authorised to be issued by the Company, to appoint Directors pursuant
to the terms thereof.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 28.7 | To be eligible to be a nominee for election or re-election as a Director pursuant
to Article 28.1(b), a person must deliver (not later than the deadline prescribed for delivery of notice) to the Company a written
questionnaire prepared by the Company with respect to the background and qualification of such person and the background of any
other person or entity on whose behalf the nomination is being made (which questionnaire shall be provided by the Company upon
written request) and a written representation and agreement (in the form provided by the Company upon written request) that such
person:
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | is not and will not become a party to:
| | --- | --------------------------------------



| | (i) | any agreement, arrangement or understanding with, and has not given any commitment
or assurance to, any person or entity as to how such person, if elected as a Director, will act or vote on any issue or question
(a “Voting Commitment”) that has not been disclosed to the Company; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | any Voting Commitment that could limit or interfere with such person’s ability to comply, if elected
as a Director, with such person’s duties under Applicable Law;
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | (b) | is not and will not become a party to any agreement, arrangement or understanding
with any person or entity other than the Company with respect to any direct or indirect compensation, reimbursement or indemnification
in connection with service or action as a Director that has not been disclosed therein;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | in such person’s individual capacity and on behalf of any person or entity
on whose behalf the nomination is being made, would be in compliance, if elected as a Director, and will comply with, Applicable
Law and corporate governance, conflict of interest, confidentiality and share ownership and trading policies and guidelines of
the Company that are applicable to Directors generally; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | if elected as a Director, will act in the best interests of the Company and
not in the interest of any individual constituency. The nominating and governance committee shall review all such information submitted
by the Member with respect to the proposed nominee and determine whether such nominee is eligible to act as a Director. The Company
and the nominating and governance committee of the Directors may require any proposed nominee to furnish such other information
as may reasonably be required by the Company to determine the eligibility of such proposed nominee to serve as an independent Director
or that could be material to a reasonable Member’s understanding of the independence, or lack thereof, of such nominee.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 28.8 | At the request of the Directors, any person nominated for election as a Director
shall furnish to the Company the information that is required to be set forth in a Members’ notice of nomination pursuant to this
Article.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 28.9 | Any Member proposing to nominate a person or persons for election as Director
shall be responsible for, and bear the costs associated with, soliciting votes from any other voting Member and distributing materials
to such Members prior to the annual general meeting in accordance with the Articles and applicable rules of the United States Securities
Exchange Commission. A Member shall include any person or persons such Member intends to nominate for election as Director in its
own proxy statement and proxy card.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 29 | Powers of Directors
| | -- | -------------------



| | 29.1 | Subject to the provisions of the Statute, the Memorandum and the Articles
and to any directions given by Special Resolution, the business of the Company shall be managed by the Directors who may exercise
all the powers of the Company. No alteration of the Memorandum or Articles and no such direction shall invalidate any prior act
of the Directors which would have been valid if that alteration had not been made or that direction had not been given. A duly
convened meeting of Directors at which a quorum is present may exercise all powers exercisable by the Directors.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 29.2 | All cheques, promissory notes, drafts, bills of exchange and other negotiable
or transferable instruments and all receipts for monies paid to the Company shall be signed, drawn, accepted, endorsed or otherwise
executed as the case may be in such manner as the Directors shall determine by resolution.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | 29.3 | The Directors on behalf of the Company may pay a gratuity or pension or allowance
on retirement to any Director who has held any other salaried office or place of profit with the Company or to his widow or dependants
and may make contributions to any fund and pay premiums for the purchase or provision of any such gratuity, pension or allowance.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 29.4 | The Directors may exercise all the powers of the Company to borrow money and
to mortgage or charge its undertaking, property and assets (present and future) and uncalled capital or any part thereof and to
issue debentures, debenture stock, mortgages, bonds and other such securities whether outright or as security for any debt, liability
or obligation of the Company or of any third party.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 30 | Appointment and Removal
of Directors
| | -- | ------------------------------------



| | 30.1 | The Company may by Ordinary Resolution appoint any person to be a Director
or may by Ordinary Resolution remove any Director.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------



| | 30.2 | The Directors may appoint any person to be a Director, either to fill a vacancy
or as an additional Director provided that the appointment does not cause the number of Directors to exceed any number fixed by
or in accordance with the Articles as the maximum number of Directors.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 30.3 | The Directors shall be divided into three (3) classes
                                                                                                                                                                      designated as Class I, Class II and Class III, respectively. Directors shall be assigned to each class in accordance with a
                                                                                                                                                                      resolution or resolutions adopted by the board of Directors. At the 2020 annual general meeting of the Company, the term of
                                                                                                                                                                      office of the Class I Directors shall expire and Class I Directors shall be elected for a full term of three (3) years. At
                                                                                                                                                                      the 2021 annual general meeting of the Company, the term of office of the Class II Directors shall expire and Class II
                                                                                                                                                                      Directors shall be elected for a full term of three (3) 
years. At the 2022 annual general meeting of the Company, the term of office of the Class III Directors shall expire and Class
III Directors shall be elected for a full term of three (3) years. At each succeeding annual general meeting of the Company, Directors
shall be elected for a full term of three (3) years to succeed the Directors of the class whose terms expire at such annual general
meeting. Notwithstanding the foregoing provisions of this Article, each Director shall hold office until the expiration of his
term, until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal. No decrease
in the number of Directors constituting the board of Directors shall shorten the term of any incumbent Director.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 31 | Vacation of Office of Director
| | -- | ------------------------------



The office of a Director shall be vacated if:



| | (a) | the Director gives notice in writing to the Company that he resigns the office of Director; or
| | --- | ----------------------------------------------------------------------------------------------



| | (b) | the Director absents himself (for the avoidance of doubt, without being represented
by proxy) from three consecutive meetings of the board of Directors without special leave of absence from the Directors, and the
Directors pass a resolution that he has by reason of such absence vacated office; or
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | (c) | the Director dies, becomes bankrupt or makes any arrangement or composition with his creditors
generally; or
| | --- | ------------------------------------------------------------------------------------------------------------



| | (d) | the Director is found to be or becomes of unsound mind; or
| | --- | ----------------------------------------------------------



| | (e) | all of the other Directors (being not less than two in number) determine that
he should be removed as a Director for Cause (and not otherwise), either by a resolution passed by all of the other Directors at
a meeting of the Directors duly convened and held in accordance with the Articles or by a resolution in writing signed by all of
the other Directors.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32 | Proceedings of Directors
| | -- | ------------------------



| | 32.1 | The quorum for the transaction of the business of the Directors may be fixed
by the Directors, and unless so fixed shall be a majority if there are three or more Directors, shall be two if there are two Directors,
and shall be one if there is only one Director.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32.2 | Subject to the provisions of the Articles, the Directors may regulate their
proceedings as they think fit. Subject to this Article, questions arising at any meeting shall be decided by a majority of votes.
At a meeting called for the purposes of considering and, if thought fit, approving, and making a recommendation to the Members
for the approval of, a Business Combination, the decisions regarding such Business Combination shall be decided by a majority of
at least two-thirds of votes. In the case of an equality of votes, the chairman or, if there are co-chairmans, each co-chairman,
shall have a second or casting vote.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32.3 | A person may participate in a meeting of the Directors or any committee of
Directors by conference telephone or other communications equipment by means of which all the persons participating in the meeting
can communicate with each other at the same time. Participation by a person in a meeting in this manner is treated as presence
in person at that meeting. Unless otherwise determined by the Directors, the meeting shall be deemed to be held at the place where
the chairman or co-chairman is located at the start of the meeting.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32.4 | A resolution in writing (in one or more counterparts) signed by all the Directors
or all the members of a committee of the Directors or, in the case of a resolution in writing relating to the removal of any Director
or the vacation of office by any Director, all of the Directors other than the Director who is the subject of such resolution shall
be as valid and effectual as if it had been passed at a meeting of the Directors, or committee of Directors as the case may be,
duly convened and held.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32.5 | A Director may, or other Officer on the direction of a Director shall, call
a meeting of the Directors by at least two days’ notice in writing to every Director which notice shall set forth the general nature
of the business to be considered unless notice is waived by all the Directors either at, before or after the meeting is held. To
any such notice of a meeting of the Directors all the provisions of the Articles relating to the giving of notices by the Company
to the Members shall apply mutatis mutandis.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32.6 | The continuing Directors (or a sole continuing Director, as the case may be)
may act notwithstanding any vacancy in their body, but if and so long as their number is reduced below the number fixed by or pursuant
to the Articles as the necessary quorum of Directors the continuing Directors or Director may
act for the purpose of increasing the number of Directors to be equal to such fixed number, or of summoning a general meeting of
the Company, but for no other purpose.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 32.7 | The Directors may elect a chairman or co-chairman of their board and determine
the period for which he is to hold office; but if no such chairman or co-chairman is elected, or if at any meeting the chairman
or co-chairman is not present within fifteen minutes after the time appointed for the meeting to commence, the Directors present
may choose one of their number to be chairman of the meeting.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32.8 | All acts done by any meeting of the Directors or of a committee of the Directors
shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any Director, and/or that
they or any of them were disqualified, and/or had vacated their office and/or were not entitled to vote, be as valid as if every
such person had been duly appointed and/or not disqualified to be a Director and/or had not vacated their office and/or had been
entitled to vote, as the case may be.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 32.9 | A Director may be represented at any meetings of the board of Directors by
a proxy appointed in writing by him. The proxy shall count towards the quorum and the vote of the proxy shall for all purposes
be deemed to be that of the appointing Director.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33 | Presumption of Assent
| | -- | ---------------------



A Director who is present
at a meeting of the board of Directors at which action on any Company matter is taken shall be presumed to have assented to the
action taken unless his dissent shall be entered in the minutes of the meeting or unless he shall file his written dissent from
such action with the person acting as the chairman or co-chairman or secretary of the meeting before the adjournment thereof or
shall forward such dissent by registered post to such person immediately after the adjournment of the meeting. Such right to dissent
shall not apply to a Director who voted in favour of such action.



| | 34 | Directors’ Interests
| | -- | --------------------



| | 34.1 | A Director may hold any other office or place of profit under the Company
(other than the office of Auditor) in conjunction with his office of Director for such period and on such terms as to remuneration
and otherwise as the Directors may determine.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.2 | A Director may act by himself or by, through or on behalf of his firm in a
professional capacity for the Company and he or his firm shall be entitled to remuneration for professional services as if he were
not a Director.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.3 | A Director may be or become a director or other officer of or otherwise interested
in any company promoted by the Company or in which the Company may be interested as a shareholder, a contracting party or otherwise,
and no such Director shall be accountable to the Company for any remuneration or other benefits received by him as a director or
officer of, or from his interest in, such other company.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 34.4 | No person shall be disqualified from the office of Director or prevented by
such office from contracting with the Company, either as vendor, purchaser or otherwise, nor shall any such contract or any contract
or transaction entered into by or on behalf of the Company in which any Director shall be in any way interested be or be liable
to be avoided, nor shall any Director so contracting or being so interested be liable to account to the Company for any profit
realised by or arising in connection with any such contract or transaction by reason of such Director holding office or of the
fiduciary relationship thereby established. A Director shall be at liberty to vote in respect of any contract or transaction in
which he is interested provided that the nature of the interest of any Director in any such contract or transaction shall be disclosed
by him at or prior to its consideration and any vote thereon.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.5 | A general notice that a Director is a shareholder, director, officer or employee
of any specified firm or company and is to be regarded as interested in any transaction with such firm or company shall be sufficient
disclosure for the purposes of voting on a resolution in respect of a contract or transaction in which he has an interest, and
after such general notice it shall not be necessary to give special notice relating to any particular transaction.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35 | Minutes
| | -- | -------



The Directors shall cause
minutes to be made in books kept for the purpose of recording all appointments of Officers made by the Directors, all proceedings
at meetings of the Company or the holders of any class of Shares and of the Directors, and of committees of the Directors, including
the names of the Directors present at each meeting.



| | 36 | Delegation of Directors’ Powers
| | -- | -------------------------------



| | 36.1 | The Directors may delegate any of their powers, authorities and discretions,
including the power to sub -delegate, to any committee consisting of one or more Directors (including, without limitation, the
Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee). Any such delegation may be
made subject to any conditions the Directors may impose and either collaterally with or to the exclusion of their own powers and
any such delegation may be revoked or altered by the Directors. Subject to any such conditions, the proceedings of a committee
of Directors shall be governed by the Articles regulating the proceedings of Directors, so far as they are capable of applying.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 36.2 | The Directors may establish any committees, local boards or agencies or appoint
any person to be a manager or agent for managing the affairs of the Company and may appoint any person to be a member of such committees,
local boards or agencies. Any such appointment may be made subject to any conditions the Directors may impose, and either collaterally
with or to the exclusion of their own powers and any such appointment may be revoked or altered by the Directors. Subject to any
such conditions, the proceedings of any such committee, local board or agency shall be governed by the Articles regulating the
proceedings of Directors, so far as they are capable of applying.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 36.3 | The Directors may adopt formal written charters for committees and, if so
adopted, shall review and assess the adequacy of such formal written charters on an annual basis. Each of these committees shall
be empowered to do all things necessary to exercise the rights of such committee set forth in the Articles and shall have such
powers as the Directors may delegate pursuant to the Articles and as required by
the rules and regulations of the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory
authority or otherwise under Applicable Law. Each of the Audit Committee, the Compensation Committee and the Nominating and Corporate
Governance Committee, if established, shall consist of such number of Directors as the Directors shall from time to time determine
(or such minimum number as may be required from time to time by the rules and regulations of the Designated Stock Exchange, the
Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law).
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 36.4 | The Directors may by power of attorney or otherwise appoint any person to
be the agent of the Company on such conditions as the Directors may determine, provided that the delegation is not to the exclusion
of their own powers and may be revoked by the Directors at any time.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 36.5 | The Directors may by power of attorney or otherwise appoint any company, firm,
person or body of persons, whether nominated directly or indirectly by the Directors, to be the attorney or authorised signatory
of the Company for such purpose and with such powers, authorities and discretions (not exceeding those vested in or exercisable
by the Directors under the Articles) and for such period and subject to such conditions as they may think fit, and any such powers
of attorney or other appointment may contain such provisions for the protection and convenience of persons dealing with any such
attorneys or authorised signatories as the Directors may think fit and may also authorise any such attorney or authorised signatory
to delegate all or any of the powers, authorities and discretions vested in him.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 36.6 | The Directors may appoint such Officers as they consider necessary on such
terms, at such remuneration and to perform such duties, and subject to such provisions as to disqualification and removal as the
Directors may think fit. Unless otherwise specified in the terms of his appointment an Officer may be removed by resolution of
the Directors or Members. An Officer may vacate his office at any time if he gives notice in writing to the Company that he resigns
his office.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 37 | No Minimum Shareholding
| | -- | -----------------------



The Company in general meeting
may fix a minimum shareholding required to be held by a Director, but unless and until such a shareholding qualification is fixed
a Director is not required to hold Shares.



| | 38 | Remuneration of Directors
| | -- | -------------------------



| | 38.1 | The remuneration to be paid to the Directors, if any, shall be such remuneration
as the Directors shall determine. The Directors shall also be entitled to be paid all travelling, hotel and other expenses properly
incurred by them in connection with their attendance at meetings of Directors or committees of Directors, or general meetings of
the Company, or separate meetings of the holders of any class of Shares or debentures of the Company, or otherwise in connection
with the business of the Company or the discharge of their duties as a Director, or to receive a fixed allowance in respect thereof
as may be determined by the Directors, or a combination partly of one such method and partly the other.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 38.2 | The Directors may by resolution approve additional
                                                                                                                                 remuneration to any Director for any services which in the opinion of the Directors go beyond his ordinary routine work as a
                                                                                                                                 Director. Any fees paid to a Director who is also counsel, attorney
or solicitor to the Company, or otherwise serves it in a professional capacity shall be in addition to his remuneration as a Director.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------







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| | 39 | Seal
| | -- | ----



| | 39.1 | The Company may, if the Directors so determine, have a Seal. The Seal shall
only be used by the authority of the Directors or of a committee of the Directors authorised by the Directors. Every instrument
to which the Seal has been affixed shall be signed by at least one person who shall be either a Director or some Officer or other
person appointed by the Directors for the purpose.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 39.2 | The Company may have for use in any place or places outside the Cayman Islands
a duplicate Seal or Seals each of which shall be a facsimile of the common Seal of the Company and, if the Directors so determine,
with the addition on its face of the name of every place where it is to be used.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 39.3 | A Director or Officer, representative or attorney of the Company may without
further authority of the Directors affix the Seal over his signature alone to any document of the Company required to be authenticated
by him under seal or to be filed with the Registrar of Companies in the Cayman Islands or elsewhere wheresoever.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40 | Dividends, Distributions
and Reserve
| | -- | ------------------------------------



| | 40.1 | Subject to the Statute and this Article and except as otherwise provided by
the rights attached to any Shares, the Directors may resolve to pay Dividends and other distributions on Shares in issue and authorise
payment of the Dividends or other distributions out of the funds of the Company lawfully available therefor. A Dividend shall be
deemed to be an interim Dividend unless the terms of the resolution pursuant to which the Directors resolve to pay such Dividend
specifically state that such Dividend shall be a final Dividend. No Dividend or other distribution shall be paid except out of
the realised or unrealised profits of the Company, out of the share premium account or as otherwise permitted by law.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40.2 | Except as otherwise provided by the rights attached to any Shares, all Dividends
and other distributions shall be paid according to the par value of the Shares that a Member holds. If any Share is issued on terms
providing that it shall rank for Dividend as from a particular date, that Share shall rank for Dividend accordingly.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40.3 | The Directors may deduct from any Dividend or other distribution payable to
any Member all sums of money (if any) then payable by him to the Company on account of calls or otherwise.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40.4 | The Directors may resolve that any Dividend or other distribution be paid
wholly or partly by the distribution of specific assets and in particular (but without limitation) by the distribution of shares,
debentures, or securities of any other company or in any one or more of such ways and where any difficulty arises in regard to
such distribution, the Directors may settle the same as they think expedient and in particular may issue fractional Shares 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 basis of the value so fixed in order to adjust the rights of all Members and may vest any such specific assets in trustees in
such manner as may seem expedient to the Directors.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | 40.5 | Except as otherwise provided by the rights attached to any Shares, Dividends
and other distributions may be paid in any currency. The Directors may determine the basis of conversion for any currency conversions
that may be required and how any costs involved are to be met.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40.6 | The Directors may, before resolving to pay any Dividend or other distribution,
set aside such sums as they think proper as a reserve or reserves which shall, at the discretion of the Directors, be applicable
for any purpose of the Company and pending such application may, at the discretion of the Directors, be employed in the business
of the Company.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40.7 | Any Dividend, other distribution, interest or other monies payable in cash
in respect of Shares may be paid by wire transfer to the holder or by cheque or warrant sent through the post directed to the registered
address of the holder or, in the case of joint holders, to the registered address of the holder who is first named on the Register
of Members or to such person and to such address as such holder or joint holders may in writing direct. Every such cheque or warrant
shall be made payable to the order of the person to whom it is sent. Any one of two or more joint holders may give effectual receipts
for any Dividends, other distributions, bonuses, or other monies payable in respect of the Share held by them as joint holders.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 40.8 | No Dividend or other distribution shall bear interest against
the Company.
| | ---- | --------------------------------------------------------------------------



| | 40.9 | Any Dividend or other distribution which cannot be paid to a Member and/or
which remains unclaimed after six months from the date on which such Dividend or other distribution becomes payable may, in the
discretion of the Directors, be paid into a separate account in the Company’s name, provided that the Company shall not be constituted
as a trustee in respect of that account and the Dividend or other distribution shall remain as a debt due to the Member. Any Dividend
or other distribution which remains unclaimed after a period of six years from the date on which such Dividend or other distribution
becomes payable shall be forfeited and shall revert to the Company.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 41 | Capitalisation
| | -- | --------------



The Directors may at any time
capitalise any sum standing to the credit of any of the Company’s reserve accounts or funds (including the share premium account
and capital redemption reserve fund) or any sum standing to the credit of the profit and loss account or otherwise available for
distribution; appropriate such sum to Members in the proportions in which such sum would have been divisible amongst such Members
had the same been a distribution of profits by way of Dividend or other distribution; and apply such sum on their behalf in paying
up in full unissued Shares for allotment and distribution credited as fully paid-up to and amongst them in the proportion aforesaid.
In such event the Directors shall do all acts and things required to give effect to such capitalisation, with full power given
to the Directors to make such provisions as they think fit in the case of Shares becoming distributable in fractions (including
provisions whereby the benefit of fractional entitlements accrue to the Company rather than to the Members concerned). The Directors
may authorise any person to enter on behalf of all of the Members interested into an agreement with the Company providing for such
capitalisation and matters incidental or relating thereto and any agreement made under such authority shall be effective and binding
on all such Members and the Company.





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| | 42 | Books of Account
| | -- | ----------------



| | 42.1 | The Directors shall cause proper books of account (including, where applicable,
material underlying documentation including contracts and invoices) to be kept with respect to all sums of money received and expended
by the Company and the matters in respect of which the receipt or expenditure takes place, all sales and purchases of goods by
the Company and the assets and liabilities of the Company. Such books of account must be retained for a minimum period of five
years from the date on which they are prepared. Proper books shall not be deemed to be kept if there are not kept such books of
account as are necessary to give a true and fair view of the state of the Company’s affairs and to explain its transactions.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 42.2 | The Directors shall determine whether and to what extent and at what times
and places and under what conditions or regulations the accounts and books of the Company or any of them shall be open to the inspection
of Members not being Directors and no Member (not being a Director) shall have any right of inspecting any account or book or document
of the Company except as conferred by Statute or authorised by the Directors or by the Company in general meeting.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 42.3 | The Directors may cause to be prepared and to be laid before the Company in
general meeting profit and loss accounts, balance sheets, group accounts (if any) and such other reports and accounts as may be
required by law.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 43 | Audit
| | -- | -----



| | 43.1 | The Directors may appoint an Auditor of the Company who shall hold office
on such terms as the Directors determine.
| | ---- | -------------------------------------------------------------------------------------------------------------------



| | 43.2 | Without prejudice to the freedom of the Directors to establish any other committee,
if the Shares (or depositary receipts therefor) are listed or quoted on the Designated Stock Exchange, and if required by the rules
and regulations of the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory
authority or otherwise under Applicable Law, the Directors shall establish and maintain an Audit Committee as a committee of the
Directors and shall adopt a formal written Audit Committee charter and review and assess the adequacy of the formal written charter
on an annual basis. The composition and responsibilities of the Audit Committee shall comply with the rules and regulations of
the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise
under Applicable Law. The Audit Committee shall meet at least once every financial quarter, or more frequently as circumstances
dictate.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 43.3 | If the Shares (or depositary receipts therefor) are listed or quoted on the
Designated Stock Exchange, the Company shall conduct an appropriate review of all related party transactions on an ongoing basis
and shall utilise the Audit Committee for the review and approval of potential conflicts of interest.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 43.4 | The remuneration of the Auditor shall be fixed by the Audit
Committee (if one exists).
| | ---- | --------------------------------------------------------------------------------------





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| | 43.5 | If the office of Auditor becomes vacant by 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 Directors
shall fill the vacancy and determine the remuneration of such Auditor.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 43.6 | Every Auditor of the Company shall have a right of access at all times to
the books and accounts and vouchers of the Company and shall be entitled to require from the Directors and Officers such information
and explanation as may be necessary for the performance of the duties of the Auditor.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 43.7 | Auditors shall, if so required by the Directors, make a report on the accounts
of the Company during their tenure of office at the next annual general meeting following their appointment in the case of a company
which is registered with the Registrar of Companies as an ordinary company, and at the next extraordinary general meeting following
their appointment in the case of a company which is registered with the Registrar of Companies as an exempted company, and at any
other time during their term of office, upon request of the Directors or any general meeting of the Members.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 44 | Notices
| | -- | -------



| | 44.1 | Notices shall be in writing and may be given by the Company to any Member
either personally or by sending it by courier, post, cable, telex, fax or e -mail to him or to his address as shown in the Register
of Members (or where the notice is given by e-mail by sending it to the e-mail address provided by such Member). Notice may also
be served by Electronic Communication in accordance with the rules and regulations of the Designated Stock Exchange, the Securities
and Exchange Commission and/or any other competent regulatory authority or by placing it on the Company’s Website.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 44.2 | Where a notice is sent by:
| | ---- | --------------------------



| | (a) | courier; service of the notice shall be deemed to be effected by delivery
of the notice to a courier company, and shall be deemed to have been received on the third day (not including Saturdays or Sundays
or public holidays) following the day on which the notice was delivered to the courier;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | post; service of the notice shall be deemed to be effected by properly addressing,
pre paying and posting a letter containing the notice, and shall be deemed to have been received on the fifth day (not including
Saturdays or Sundays or public holidays in the Cayman Islands) following the day on which the notice was posted;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | cable, telex or fax; service of the notice shall be deemed to be effected
by properly addressing and sending such notice and shall be deemed to have been received on the same day that it was transmitted;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | e-mail or other Electronic Communication; service of the notice shall be deemed
to be effected by transmitting the e-mail to the e-mail address provided by the intended recipient and shall be deemed to have
been received on the same day that it was sent, and it shall not be necessary for the receipt of the e-mail to be acknowledged
by the recipient; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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| | (e) | placing it on the Company’s Website; service of the notice shall be deemed to have been effected
one hour after the notice or document was placed on the Company’s Website.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 44.3 | A notice may be given by the Company to the person or persons which the Company
has been advised are entitled to a Share or Shares in consequence of the death or bankruptcy of a Member in the same manner as
other notices which are required to be given under the Articles and shall be addressed to them by name, or by the title of representatives
of the deceased, or trustee of the bankrupt, or by any like description at the address supplied for that purpose by the persons
claiming to be so entitled, or at the option of the Company by giving the notice in any manner in which the same might have been
given if the death or bankruptcy had not occurred.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 44.4 | Notice of every general meeting shall be given in any manner authorised by
the Articles to every holder of Shares carrying an entitlement to receive such notice on the record date for such meeting except
that in the case of joint holders the notice shall be sufficient if given to the joint holder first named in the Register of Members
and every person upon whom the ownership of a Share devolves by reason of his being a legal personal representative or a trustee
in bankruptcy of a Member where the Member but for his death or bankruptcy would be entitled to receive notice of the meeting,
and no other person shall be entitled to receive notices of general meetings.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 45 | Winding Up
| | -- | ----------



| | 45.1 | If the Company shall be wound up, the liquidator shall apply the assets of
the Company in satisfaction of creditors’ claims in such manner and order as such liquidator thinks fit. Subject to the rights
attaching to any Shares, in a winding up:
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | if the assets available for distribution amongst the Members shall be insufficient
to repay the whole of the Company’s issued share capital, such assets shall be distributed so that, as nearly as may be, the losses
shall be borne by the Members in proportion to the par value of the Shares held by them; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | if the assets available for distribution amongst the Members shall be more
than sufficient to repay the whole of the Company’s issued share capital at the commencement of the winding up, the surplus shall
be distributed amongst the Members in proportion to the par value of the Shares held by them at the commencement of the winding
up subject to a deduction from those Shares in respect of which there are monies due, of all monies payable to the Company for
unpaid calls or otherwise.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 45.2 | If the Company shall be wound up the liquidator may, subject to the rights
attaching to any Shares and with the approval of a Special Resolution of the Company and any other approval required by the Statute,
divide amongst the Members in kind the whole or any part of the assets of the Company (whether such assets shall consist of property
of the same kind or not) and may for that purpose value any assets and determine how the division shall be carried out as between
the Members or different classes of Members. The liquidator may, with the like approval, vest the whole or any part of such assets
in trustees upon such trusts for the benefit of the Members as the liquidator, with the like approval, shall think fit, but so
that no Member shall be compelled to accept any asset upon which there is a liability.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | 46 | Indemnity and Insurance
| | -- | -----------------------



| | 46.1 | Every Director and Officer (which for the avoidance of doubt, shall not include
auditors of the Company), together with every former Director and former Officer (each an “Indemnified Person”)
shall be indemnified out of the assets of the Company against any liability, action, proceeding, claim, demand, costs, damages
or expenses, including legal expenses, whatsoever which they or any of them may incur as a result of any act or failure to act
in carrying out their functions other than such liability (if any) that they may incur by reason of their own actual fraud, wilful
neglect or wilful default. No Indemnified Person shall be liable to the Company for any loss or damage incurred by the Company
as a result (whether direct or indirect) of the carrying out of their functions unless that liability arises through the actual
fraud, wilful neglect or wilful default of such Indemnified Person. No person shall be found to have committed actual fraud, wilful
neglect or wilful default under this Article unless or until a court of competent jurisdiction shall have made a finding to that
effect.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 46.2 | The Company shall advance to each Indemnified Person reasonable attorneys’
fees and other costs and expenses incurred in connection with the defence of any action, suit, proceeding or investigation involving
such Indemnified Person for which indemnity will or could be sought. In connection with any advance of any expenses hereunder,
the Indemnified Person shall execute an undertaking to repay the advanced amount to the Company if it shall be determined by final
judgment or other final adjudication that such Indemnified Person was not entitled to indemnification pursuant to this Article.
If it shall be determined by a final judgment or other final adjudication that such Indemnified Person was not entitled to indemnification
with respect to such judgment, costs or expenses, then such party shall not be indemnified with respect to such judgment, costs
or expenses and any advancement shall be returned to the Company (without interest) by the Indemnified Person.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 46.3 | The Directors, on behalf of the Company, may purchase and maintain insurance
for the benefit of any Director or other Officer against any liability which, by virtue of any rule of law, would otherwise attach
to such person in respect of any negligence, default, breach of duty or breach of trust of which such person may be guilty in relation
to the Company.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 47 | Financial Year
| | -- | --------------



Unless the Directors otherwise
prescribe, the financial year of the Company shall end on the last day of February in each year and, following the year of incorporation,
shall begin on 1st March in each year.



| | 48 | Transfer by Way of Continuation
| | -- | -------------------------------



If the Company is exempted
as defined in the Statute, it shall, subject to the provisions of the Statute and with the approval of a Special Resolution, have
the power to register by way of continuation as a body corporate under the laws of any jurisdiction outside the Cayman Islands
and to be deregistered in the Cayman Islands.





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| | 49 | Mergers and Consolidations
| | -- | --------------------------



The Company shall have the
power to merge or consolidate with one or more other constituent companies (as defined in the Statute) upon such terms as the Directors
may determine and (to the extent required by the Statute) with the approval of a Special Resolution.



| | 50 | Business Opportunities
| | -- | ----------------------



| | 50.1 | To the fullest extent permitted by Applicable Law, no individual serving as
a Director or an Officer (“Management”) shall have any duty, except and to the extent expressly assumed by contract,
to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as the Company.
To the fullest extent permitted by Applicable Law, the Company renounces any interest or expectancy of the Company in, or in being
offered an opportunity to participate in, any potential transaction or matter which may be a corporate opportunity for Management,
on the one hand, and the Company, on the other. Except to the extent expressly assumed by contract, to the fullest extent permitted
by Applicable Law, Management shall have no duty to communicate or offer any such corporate opportunity to the Company and shall
not be liable to the Company or its Members for breach of any fiduciary duty as a Member, Director and/or Officer solely by reason
of the fact that such party pursues or acquires such corporate opportunity for itself, himself, directs such corporate opportunity
to another person, or does not communicate information regarding such corporate opportunity to the Company.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 50.1 | To the extent a court might hold that the conduct of any activity related
to a corporate opportunity that is renounced in this Article to be a breach of duty to the Company or its Members, the Company
hereby waives, to the fullest extent permitted by Applicable Law, any and all claims and causes of action that the Company may
have for such activities. To the fullest extent permitted by Applicable Law, the provisions of this Article apply equally to activities
conducted in the future and that have been conducted in the past.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 50.2 | Notwithstanding anything to the contrary in this Article, such renouncement
shall not apply to any business opportunity that is expressly offered to such person solely in his capacity as a Director or Officer
and it is an opportunity the Company is able to complete on a reasonable basis.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------







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