Exhibit 1.1



Companies
act (AS Revised)



Company
Limited by Shares








AMENDED
                                            AND RESTATED



MEMORANDUM
AND ARTICLES OF ASSOCIATION



OF



LOGISTIC
PROPERTIES OF THE AMERICAS








Adopted
by special resolution DATED 20 March 2024 AND EFFECTIVE ON 27 March 2024











Companies
act (AS Revised)



Company
Limited by ShareS



Amended
and Restated



Memorandum
of Association



of



LOGISTIC
PROPERTIES OF THE AMERICAS



Adopted
by special resolution dated 20 March 2024 AND EFFECTIVE ON 27 March 2024



|1 | The
                                            name of the Company is Logistic Properties of the Americas.
|- | -----------------------------------------------------------------------------------------------------------



|2 | The
                                            Company’s registered office will be situated at the office of Ogier Global (Cayman)
                                            Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands or at such other
                                            place in the Cayman Islands as the directors may at any time decide.
|- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3 | The
                                            Company’s objects are unrestricted. As provided by section 7(4) of the Companies Act
                                            (As Revised), the Company has full power and authority to carry out any object not prohibited
                                            by any law of the Cayman Islands.
|- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4 | The
                                            Company has unrestricted corporate capacity. Without limitation to the foregoing, as provided
                                            by section 27 (2) of the Companies Act (As Revised), the Company has and is capable of exercising
                                            all the functions of a natural person of full capacity irrespective of any question of corporate
                                            benefit.
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5 | Nothing
                                            in any of the preceding paragraphs permits the Company to carry on any of the following businesses
                                            without being duly licensed, namely:
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            business of a bank or trust company without being licensed in that behalf under the Banks
                                            and Trust Companies Act (As Revised); or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | insurance
                                            business from within the Cayman Islands or the business of an insurance manager, agent, sub-agent
                                            or broker without being licensed in that behalf under the Insurance Act (As Revised); or
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | the
                                            business of company management without being licensed in that behalf under the Companies
                                            Management Act (As Revised).
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|6 | The
                                            Company will not trade in the Cayman Islands with any person, firm or corporation except
                                            in furtherance of its business carried on outside the Cayman Islands. Despite this, the Company
                                            may effect and conclude contracts in the Cayman Islands and exercise in the Cayman Islands
                                            any of its powers necessary for the carrying on of its business outside the Cayman Islands.
|- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|7 | The
                                            Company is a company limited by shares and accordingly the liability of each member is limited
                                            to the amount (if any) unpaid on that member’s shares.
|- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|8 | The
                                            share capital of the Company is US$50,000 divided into 450,000,000 ordinary shares of a par
                                            value of US$0.0001 each and 50,000,000 preference shares of a par value of US$0.0001 each.
                                            There is no limit on the number of shares of any class which the Company is authorised to
                                            issue. However, subject to the Companies Act (As Revised) and the Company’s articles
                                            of association, the Company has power to do any one or more of the following:
|- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | to
                                            redeem or repurchase any of its shares; and
| | --- | ------------------------------------------------------------------------------------------



| | (b) | to
                                            increase or reduce its capital; and
| | --- | ----------------------------------------------------------------------------------



| | (c) | to
                                            issue any part of its capital (whether original, redeemed, increased or reduced):
| | --- | --------------------------------------------------------------------------------------------------------------------------------



| | (i) | with
                                            or without any preferential, deferred, qualified or special rights, privileges or conditions;
                                            or
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | subject
                                            to any limitations or restrictions
| | ---- | --------------------------------------------------------------------------------------



and
unless the condition of issue expressly declares otherwise, every issue of shares (whether declared to be ordinary, preference or otherwise)
is subject to this power; or



| | (d) | to alter any of those rights, privileges, conditions, limitations
or restrictions.
| | --- | ----------------------------------------------------------------------------------



|9 | 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.
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------











Companies
act (as Revised)



Company
Limited by ShareS



Amended
and Restated



articles
of Association



of



LOGISTIC
PROPERTIES OF THE AMERICAS



Adopted
by special resolution dated 20 March 2024 AND EFFECTIVE ON 27 March 2024











CONTENTS



|1. | Definitions,
    interpretation and exclusion of Table A                                   | 1 
|-- | ------------------------------------------------------------------------------------------ | --
|   | Definitions                                                                                | 1 
|   | Interpretation                                                                             | 3 
|   | Exclusion
    of Table A Articles                                                          | 4 
|2. | Commencement
    of Business                                                               | 4 
|3. | Shares                                                                                     | 4 
|   | Power
    to issue Shares and options, with or without special rights                      | 4 
|   | Power
    to issue fractions of a Share                                                    | 5 
|   | Power
    to pay commissions and brokerage fees                                            | 5 
|   | Trusts
    not recognised                                                                  | 5 
|   | Power
    to vary class rights                                                             | 5 
|   | Effect
    of new Share issue on existing class rights                                     | 6 
|   | No
    bearer Shares or warrants                                                           | 6 
|   | Treasury
    Shares                                                                        | 6 
|   | Rights
    attaching to Treasury Shares and related matters                                | 6 
|4. | Register
    of Members                                                                    | 7 
|5. | Share
    certificates                                                                     | 7 
|   | Issue
    of share certificates                                                            | 7 
|   | Renewal
    of lost or damaged share certificates                                          | 7 
|6. | Lien
    on Shares                                                                         | 7 
|   | Nature
    and scope of lien                                                               | 8 
|   | Company
    may sell Shares to satisfy lien                                                | 8 
|   | Authority
    to execute instrument of transfer                                            | 8 
|   | Consequences
    of sale of Shares to satisfy lien                                         | 8 
|   | Application
    of proceeds of sale                                                        | 8 
|7. | Calls
    on Shares and forfeiture                                                         | 9 
|   | Power
    to make calls and effect of calls                                                | 9 
|   | Time
    when call made                                                                    | 9 
|   | Liability
    of joint holders                                                             | 9 
|   | Interest
    on unpaid calls                                                               | 9 
|   | Deemed
    calls                                                                           | 9 
|   | Power
    to accept early payment                                                          | 9 
|   | Power
    to make different arrangements at time of issue of Shares                        | 10
|   | Notice
    of default                                                                      | 10
|   | Forfeiture
    or surrender of Shares                                                      | 10
|   | Disposal
    of forfeited or surrendered Share and power to cancel forfeiture or surrender | 10
|   | Effect
    of forfeiture or surrender on former Member                                     | 10











|    | Evidence
    of forfeiture or surrender                                          | 11
|--- | -------------------------------------------------------------------------------- | --
|    | Sale
    of forfeited or surrendered Shares                                      | 11
|8.  | Transfer
    of Shares                                                           | 11
|    | Form
    of transfer                                                             | 11
|    | Power
    to refuse registration                                                 | 11
|    | Power
    to suspend registration                                                | 12
|    | Company
    may retain instrument of transfer                                    | 12
|9.  | Transmission
    of Shares                                                       | 12
|    | Persons
    entitled on death of a Member                                        | 12
|    | Registration
    of transfer of a Share following death or bankruptcy            | 12
|    | Indemnity                                                                        | 12
|    | Rights
    of person entitled to a Share following death or bankruptcy           | 13
|10. | Alteration
    of capital                                                        | 13
|    | Increasing,
    consolidating, converting, dividing and cancelling share capital | 13
|    | Dealing
    with fractions resulting from consolidation of Shares                | 13
|    | Reducing
    share capital                                                       | 13
|    | Increasing,
    consolidating, converting, dividing and cancelling share capital | 13
|11. | Redemption
    and purchase of own Shares                                        | 13
|    | Power
    to issue redeemable Shares and to purchase own Shares                  | 14
|    | Power
    to pay for redemption or purchase in cash or in specie                 | 14
|    | Effect
    of redemption or purchase of a Share                                  | 14
|12. | Meetings
    of Members                                                          | 14
|    | Power
    to call meetings                                                       | 14
|    | Content
    of notice                                                            | 15
|    | Period
    of notice                                                             | 16
|    | Persons
    entitled to receive notice                                           | 16
|    | Publication
    of notice on a website                                           | 16
|    | Time
    a website notice is deemed to be given                                  | 16
|    | Required
    duration of publication on a website                                | 17
|    | Accidental
    omission to give notice or non-receipt of notice                  | 17
|13. | Proceedings
    at meetings of Members                                           | 17
|    | Quorum                                                                           |   
|    | Lack
    of quorum                                                               | 17
|    | Use
    of technology                                                            | 17
|    | Chairman                                                                         | 17
|    | Right
    of a director to attend and speak                                      | 18
|    | Adjournment
    and Postponement                                                 | 18
|    | Method
    of voting                                                             | 18
|    | Taking
    of a poll                                                             | 18











|    | Chairman’s
    casting vote                                             | 18
|--- | ----------------------------------------------------------------------- | --
|    | Amendments
    to resolutions                                           | 19
|    | Written
    resolutions                                                 | 19
|    | Sole-member
    company                                                 | 19
|14. | Voting
    rights of Members                                            | 19
|    | Right
    to vote                                                       | 20
|    | Rights
    of joint holders                                             | 20
|    | Representation
    of corporate Members                                 | 20
|    | Member
    with mental disorder                                         | 20
|    | Objections
    to admissibility of votes                                | 21
|    | Form
    of proxy                                                       | 21
|    | How
    and when proxy is to be delivered                               | 21
|    | Voting
    by proxy                                                     |   
|15. | Number
    of directors                                                 | 22
|16. | Appointment,
    disqualification and removal of directors              | 22
|    | No
    age limit                                                        | 22
|    | Corporate
    directors                                                 | 22
|    | No
    shareholding qualification                                       | 22
|    | Appointment
    and removal of directors                                | 23
|    | Resignation
    of directors                                            | 24
|    | Termination
    of the office of director                               | 24
|17. | Alternate
    directors                                                 | 24
|    | Appointment
    and removal                                             | 24
|    | Notices                                                                 | 25
|    | Rights
    of alternate director                                        | 25
|    | Appointment
    ceases when the appointor ceases to be a director       | 25
|    | Status
    of alternate director                                        | 25
|    | Status
    of the director making the appointment                       | 26
|18. | Powers
    of directors                                                 | 26
|    | Powers
    of directors                                                 | 26
|    | Appointments
    to office                                              | 26
|    | Remuneration                                                            | 27
|    | Disclosure
    of information                                           | 27
|19. | Delegation
    of powers                                                | 27
|    | Power
    to delegate any of the directors’ powers to a committee       | 27
|    | Power
    to appoint an agent of the Company                            | 28
|    | Power
    to appoint an attorney or authorised signatory of the Company | 28
|    | Power
    to appoint a proxy                                            | 28











|20. | Meetings
    of directors                                                                   | 28
|--- | ------------------------------------------------------------------------------------------- | --
|    | Regulation
    of directors’ meetings                                                       | 28
|    | Calling
    meetings                                                                        | 29
|    | Notice
    of meetings                                                                      | 29
|    | Period
    of notice                                                                        | 29
|    | Use
    of technology                                                                       | 29
|    | Place
    of meetings                                                                       | 29
|    | Quorum                                                                                      | 29
|    | Voting                                                                                      | 29
|    | Validity                                                                                    | 29
|    | Recording
    of dissent                                                                    | 29
|    | Written
    resolutions                                                                     | 30
|    | Sole
    director’s minute                                                                  | 30
|21. | Permissible
    directors’ interests and disclosure                                         | 30
|    | Permissible
    interests subject to disclosure                                             | 30
|    | Notification
    of interests                                                               | 30
|    | Voting
    where a director is interested in a matter                                       | 31
|22. | Minutes                                                                                     | 31
|23. | Accounts
    and audit                                                                      | 31
|    | No
    automatic right of inspection                                                        | 31
|    | Sending
    of accounts and reports                                                         | 31
|    | Validity
    despite accidental error in publication on website                             | 32
|    | Audit                                                                                       | 32
|24. | Financial
    year                                                                          | 32
|25. | Record
    dates                                                                            | 33
|26. | Dividends                                                                                   | 33
|    | Declaration
    of dividends by directors                                                   | 33
|    | Apportionment
    of dividends                                                              | 34
|    | Right
    of set off                                                                        | 34
|    | Power
    to pay other than in cash                                                         | 34
|    | How
    payments may be made                                                                | 34
|    | Dividends
    or other moneys not to bear interest in absence of special rights             | 35
|    | Dividends
    unable to be paid or unclaimed                                                | 35
|27. | Capitalisation
    of profits                                                               | 35
|    | Capitalisation
    of profits or of any share premium account or capital redemption reserve | 35
|    | Applying
    an amount for the benefit of members                                           | 35
|28. | Share
    premium account                                                                   | 35
|    | Directors
    to maintain share premium account                                             | 35
|    | Debits
    to share premium account                                                         | 36











|29. | Seal                                                                                                                 | 36
|--- | -------------------------------------------------------------------------------------------------------------------- | --
|    | Company
    seal                                                                                                     | 36
|    | Duplicate
    seal                                                                                                   | 36
|    | When
    and how seal is to be used                                                                                  | 36
|    | If
    no seal is adopted or used                                                                                    | 36
|    | Power
    to allow non-manual signatures and facsimile printing of seal                                              | 36
|    | Validity
    of execution                                                                                            | 37
|30. | Indemnity                                                                                                            | 37
|    | Indemnity                                                                                                            | 37
|    | Release                                                                                                              | 37
|    | Insurance                                                                                                            | 37
|31. | Notices                                                                                                              | 38
|    | Form
    of notices                                                                                                  | 38
|    | Electronic
    communications                                                                                        | 38
|    | Persons
    authorised to give notices                                                                               | 38
|    | Delivery
    of written notices                                                                                      | 38
|    | Joint
    holders                                                                                                    | 38
|    | Signatures                                                                                                           | 38
|    | Evidence
    of transmission                                                                                         | 38
|    | Giving
    notice to a deceased or bankrupt Member                                                                   | 39
|    | Date
    of giving notices                                                                                           | 39
|    | Saving
    provision                                                                                                 | 39
|32. | Authentication
    of Electronic Records                                                                             | 39
|    | Application
    of Articles                                                                                          | 39
|    | Authentication
    of documents sent by Members by Electronic means                                                  | 40
|    | Authentication
    of document sent by the Secretary, Directors or Other Officers of the Company by Electronic means | 40
|    | Manner
    of signing                                                                                                | 40
|    | Saving
    provision                                                                                                 | 41
|33. | Transfer
    by way of continuation                                                                                  | 41
|34. | Winding
    up                                                                                                       | 41
|    | Distribution
    of assets in specie                                                                                 | 41
|    | No
    obligation to accept liability                                                                                | 41
|    | The
    directors are authorised to present a winding up petition                                                    | 41
|35. | Amendment
    of Memorandum and Articles                                                                             | 42
|    | Power
    to change name or amend Memorandum                                                                         | 42
|    | Power
    to amend these Articles                                                                                    | 42
|36. | Mergers
    and Consolidations                                                                                       | 42
|37. | Certain
    Tax Filings                                                                                              | 42
|38. | Business
    Opportunities                                                                                           | 42











Companies
act (As Revised)



Company
Limited by ShareS



Amended
and Restated



ARTICLES
of Association



of



LOGISTIC
PROPERTIES OF THE AMERICAS



Adopted
by special resolution dated 20 March 2024 AND EFFECTIVE ON 27 March 2024



|1. | Definitions,
                                            interpretation and exclusion of Table A
|-- | ------------------------------------------------------------------------------------------------



Definitions



|1.1 | In
                                            these Articles, the following definitions apply:
|--- | -----------------------------------------------------------------------------------------------



Affiliatein respect of a person, means any other person that, directly or indirectly, through one or more intermediaries, controls, is controlled
by, or is under common control with, such person, and (a) in the case of a natural person, shall include, without limitation, such person’s
spouse, parents, children, siblings, mother-in-law and father-in-law and brothers and sisters-in-law, whether by blood, marriage or adoption
or anyone residing in such person’s home, a trust for the benefit of any of the foregoing, a company, partnership or any natural
person or entity wholly or jointly owned by any of the foregoing and (b) in the case of an entity, shall include a partnership, a corporation
or any natural person or entity which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under
common control with, such entity.



Applicable
Lawmeans, 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.



Articlesmeans, as appropriate:



| | (a) | these
                                            Amended and Restated Articles of Association as amended, restated, supplemented and/or otherwise
                                            modified from time to time: or
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | two
                                            or more particular Articles of these Articles;
| | --- | ----------------------------------------------------------------------------------------------



and
Articlerefers to a particular Article of these Articles.



Audit
Committeemeans the audit committee of the board of directors of the Company established pursuant to Article 23.8 hereof, or any
successor audit committee.



Auditormeans the person for the time being performing the duties of auditor of the Company.



Business
Daymeans a day other than a day on which banking institutions or trust companies are authorised or obligated by law to close in
New York City, the Islands, a Saturday or a Sunday.



Clear
Days, in relation to a period of notice, means that period excluding:



| | (a) | the
                                            day when the notice is given or deemed to be given; and
| | --- | -------------------------------------------------------------------------------------------------------



1







| | (b) | the
                                            day for which it is given or on which it is to take effect.
| | --- | -----------------------------------------------------------------------------------------------------------



Clearing
Housemeans 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.



Companymeans the above-named company.



Compensation
Committeemeans the compensation committee of the board of directors of the Company established pursuant to the Articles, or any
successor committee.



Default
Ratemeans 10% (ten per cent) per annum.



Designated
Stock Exchangemeans any United States national securities exchange, including the Nasdaq Stock Market LLC, the NYSE American LLC
or The New York Stock Exchange LLC or any OTC market on which the Shares are listed for trading.



Electronichas the meaning given to that term in the Electronic Transactions Act (As Revised).



Electronic
Recordhas the meaning given to that term in the Electronic Transactions Act (As Revised).



Electronic
Signaturehas the meaning given to that term in the Electronic Transactions Act (As Revised).



Exchange
Actmeans the United States Securities Exchange Act of 1934, as amended.



Fully
Paidand Paid Up:



| | (a) | in
                                            relation to a Share with par value, means that the par value for that Share and any premium
                                            payable in respect of the issue of that Share, has been fully paid or credited as paid in
                                            money or money’s worth;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | in
                                            relation to a Share without par value, means that the agreed issue price for that Share has
                                            been fully paid or credited as paid in money or money’s worth.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Independent
Directormeans a director who is an independent director as defined in the rules and regulations of the Designated Stock Exchange
as determined by the directors.



Islandsmeans the British Overseas Territory of the Cayman Islands.



Lawmeans the Companies Act (As Revised).



Membermeans any person or persons entered on the Register of Members from time to time as the holder of a Share.



Memorandummeans the Amended and Restated Memorandum of Association of the Company as amended, restated, supplemented and/or otherwise modified
from time to time.



Nominating
Committeemeans the nominating committee of the board of directors of the Company established pursuant to the Articles, or any successor
committee.



Officermeans a person then appointed to hold an office in the Company; and the expression includes a director, alternate director or liquidator.



2







Ordinary
Resolutionmeans a resolution of a duly constituted general meeting of the Company passed by a simple majority of the votes cast
by, or on behalf of, the Members entitled to vote thereon. The expression also includes a unanimous written resolution.



Ordinary
Sharemeans an ordinary share of a par value of US$0.0001 in the share capital of the Company.



Preference
Sharemeans a preference share of a par value of US$0.0001 in the share capital of the Company.



Register
of Membersmeans the register of Members maintained in accordance with the Law and includes (except where otherwise stated) any branch
or duplicate register of Members.



SECmeans the United States Securities and Exchange Commission.



Secretarymeans a person appointed to perform the duties of the secretary of the Company, including a joint, assistant or deputy secretary.



Sharemeans an Ordinary Share or a Preference Share in the share capital of the Company; and the expression:



| | (a) | includes
                                            stock (except where a distinction between shares and stock is expressed or implied); and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | where
                                            the context permits, also includes a fraction of a share.
| | --- | -----------------------------------------------------------------------------------------------------------



Special
Resolutionhas the meaning given to that term in the Law; and the expression includes a unanimous written resolution.



Tax
Filing Authorised Personmeans such person as any director shall designate from time to time, acting severally.



Treasury
Sharesmeans Shares of the Company held in treasury pursuant to the Law and Article 3.14.



Interpretation



|1.2 | In
                                            the interpretation of these Articles, the following provisions apply unless the context otherwise
                                            requires:
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | A
                                            reference in these Articles to a statute is a reference to a statute of the Islands as known
                                            by its short title, and includes:
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | any
                                            statutory modification, amendment or re-enactment; and
| | --- | ------------------------------------------------------------------------------------------------------



| | (ii) | any
                                            subordinate legislation or regulations issued under that statute.
| | ---- | -----------------------------------------------------------------------------------------------------------------



Without
limitation to the preceding sentence, a reference to a revised Law of the Cayman Islands is taken to be a reference to the revision of
that Law in force from time to time as amended from time to time.



| | (b) | Headings
                                            are inserted for convenience only and do not affect the interpretation of these Articles,
                                            unless there is ambiguity.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | If
                                            a day on which any act, matter or thing is to be done under these Articles is not a Business
                                            Day, the act, matter or thing must be done on the next Business Day.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | A
                                            word which denotes the singular also denotes the plural, a word which denotes the plural
                                            also denotes the singular, and a reference to any gender also denotes the other genders.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | A
                                            reference to a person includes, as appropriate, a company, trust, partnership, joint venture,
                                            association, body corporate or government agency.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



3







| | (f) | Where
                                            a word or phrase is given a defined meaning another part of speech or grammatical form in
                                            respect to that word or phrase has a corresponding meaning.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) | All
                                            references to time are to be calculated by reference to time in the place where the Company’s
                                            registered office is located.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (h) | The
                                            words written and in writing include all modes of representing or reproducing words in a
                                            visible form, but do not include an Electronic Record where the distinction between a document
                                            in writing and an Electronic Record is expressed or implied.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | The
                                            words including, include and in particular or any similar expression are to be construed
                                            without limitation.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (j) | 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.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (k) | Sections
                                            8 and 19(3) of the Electronic Transactions Act shall not apply.
| | --- | --------------------------------------------------------------------------------------------------------------------



| | (l) | 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.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Exclusion
of Table A Articles



|1.3 | The
                                            regulations contained in Table A in the First Schedule of the Law and any other regulations
                                            contained in any statute or subordinate legislation are expressly excluded and do not apply
                                            to the Company.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



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



|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. | Shares
|-- | ------



Power
to issue Shares and options, with or without special rights



|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), these Articles and, where applicable, the rules and regulations
                                            of the Designated Stock Exchange, the SEC 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 have general and unconditional authority to allot (with or without
                                            confirming rights of renunciation), issue, grant options over or otherwise deal with any
                                            unissued Shares of the Company to such persons, at such times and on such terms and conditions
                                            as they may decide. No Share may be issued at a discount except in accordance with the provisions
                                            of the Law.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.2 | Without
                                            limitation to the preceding Article, the directors may so deal with the unissued Shares of
                                            the Company:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | either
                                            at a premium or at par;
| | --- | --------------------------------------------------------------------------



| | (b) | with
                                            or without preferred, deferred or other special rights or restrictions whether in regard
                                            to dividend, voting, return of capital or otherwise.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.3 | 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 at such times and on such terms and
                                            conditions as the directors may decide.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



4







|3.4 | The
                                            Company may issue units of securities in the Company, which may be comprised of 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, on such terms and conditions as the directors may decide.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Power
to issue fractions of a Share



|3.5 | Subject
                                            to the Law, the Company may issue fractions of a Share of any class. A fraction of a Share
                                            shall be subject to and carry the corresponding fraction of liabilities (whether with respect
                                            to calls or otherwise), limitations, preferences, privileges, qualifications, restrictions,
                                            rights and other attributes of a Share of that class of Shares.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Power
to pay commissions and brokerage fees



|3.6 | The
                                            Company may, in so far as the Law permits, pay a commission to any person in consideration
                                            of that person:
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | subscribing
                                            or agreeing to subscribe, whether absolutely or conditionally; or
| | --- | -------------------------------------------------------------------------------------------------------------------------



| | (b) | procuring
                                            or agreeing to procure subscriptions, whether absolute or conditional
| | --- | ---------------------------------------------------------------------------------------------------------------------------



for
any Shares in the Company. That commission may be satisfied by the payment of cash or the allotment of Fully Paid or partly-paid Shares
or partly in one way and partly in another.



|3.7 | The
                                            Company may employ a broker in the issue of its capital and pay him any proper commission
                                            or brokerage.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Trusts
not recognised



|3.8 | Except
                                            as required by Applicable Law:
|--- | ---------------------------------------------------------------------------------



| | (a) | 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 these Articles or the Law) any other rights in respect of any Share other than
                                            an absolute right to the entirety thereof in the holder; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | no
                                            person other than the Member shall be recognised by the Company as having any right in a
                                            Share.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Power
to vary class rights



|3.9 | If
                                            the share capital is divided into different classes of Shares then, unless the terms on which
                                            a class of Shares was issued state otherwise, the rights attaching to a class of Shares may
                                            only be varied if one of the following applies:
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            Members holding two thirds of the issued Shares of that class consent in writing to the variation;
                                            or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            variation is made with the sanction of a Special Resolution passed at a separate general
                                            meeting of the Members holding the issued Shares of that class.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.10 | For
                                            the purpose of paragraph (b) of the preceding Article, all the provisions of these Articles
                                            relating to general meetings apply, mutatis mutandis, to every such separate meeting except
                                            that:
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            necessary quorum shall be one or more persons holding, or representing by proxy, not less
                                            than one third of the issued Shares of the class; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | any
                                            Member holding issued Shares of the class, present in person or by proxy or, in the case
                                            of a corporate Member, by its duly authorised representative, may demand a poll.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



5







Effect
of new Share issue on existing class rights



|3.11 | Unless
                                            the terms on which a class of Shares was issued state otherwise, the rights conferred on
                                            the Member holding Shares of any class shall not be deemed to be varied by the creation or
                                            issue of further Shares ranking pari passu with the existing Shares of that class.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Capital
contributions without issue of further Shares



|3.12 | With
                                            the consent of a Member, the directors may accept a voluntary contribution to the capital
                                            of the Company from that Member without issuing Shares in consideration for that contribution.
                                            In that event, the contribution shall be dealt with in the following manner:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | It
                                            shall be treated as if it were a share premium.
| | --- | ----------------------------------------------------------------------------------------------



| | (b) | Unless
                                            the Member agrees otherwise:
| | --- | -------------------------------------------------------------------------------



| | (i) | if
                                            the Member holds Shares in a single class of Shares, it shall be credited to the share premium
                                            account for that class of Shares;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | if
                                            the Member holds Shares of more than one class, it shall be credited rateably to the share
                                            premium accounts for those classes of Shares (in the proportion that the sum of the issue
                                            prices for each class of Shares that the Member holds bears to the total issue prices for
                                            all classes of Shares that the Member holds).
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | It
                                            shall be subject to the provisions of the Law and these Articles applicable to share premiums.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------



No
bearer Shares or warrants



|3.13 | The
                                            Company shall not issue Shares or warrants to bearers.
|---- | ------------------------------------------------------------------------------------------------------



Treasury
Shares



|3.14 | Shares
                                            that the Company purchases, redeems or acquires by way of surrender in accordance with the
                                            Law shall be held as Treasury Shares and not treated as cancelled if:
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            directors so determine prior to the purchase, redemption or surrender of those shares; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            relevant provisions of the Memorandum and Articles and the Law are otherwise complied with.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------



Rights
attaching to Treasury Shares and related matters



|3.15 | No
                                            dividend may be declared or paid, and no other distribution (whether in cash or otherwise)
                                            of the Company’s assets (including any distribution of assets to members on a winding
                                            up) may be made to the Company in respect of a Treasury Share.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.16 | The
                                            Company shall be entered in the Register as the holder of the Treasury Shares. However:
|---- | ---------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            Company shall not be treated as a member for any purpose and shall not exercise any right
                                            in respect of the Treasury Shares, and any purported exercise of such a right shall be void;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | a
                                            Treasury Share shall not be voted, directly or indirectly, at any meeting of the Company
                                            and shall not be counted in determining the total number of issued shares at any given time,
                                            whether for the purposes of these Articles or the Law.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



6







|3.17 | Nothing
                                            in the preceding Article prevents an allotment of Shares as fully paid bonus shares in respect
                                            of a Treasury Share and Shares allotted as fully paid bonus shares in respect of a Treasury
                                            Share shall be treated as Treasury Shares.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.18 | Treasury
                                            Shares may be disposed of by the Company in accordance with the Law and otherwise on such
                                            terms and conditions as the directors determine.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



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



|4.2 | The
                                            directors may determine that the Company shall maintain one or more branch registers of Members
                                            in accordance with the Law. 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. | Share
                                            certificates
|-- | --------------------------------------------------------------



Issue
of share certificates



|5.1 | Upon
                                            being entered in the Register of Members as the holder of a Share, a Member shall be entitled:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | without
                                            payment, to one certificate for all the Shares of each class held by that Member (and, upon
                                            transferring a part of the Member’s holding of Shares of any class, to a certificate
                                            for the balance of that holding); and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | upon
                                            payment of such reasonable sum as the directors may determine for every certificate after
                                            the first, to several certificates each for one or more of that Member’s Shares.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5.2 | Every
                                            certificate shall specify the number, class and distinguishing numbers (if any) of the Shares
                                            to which it relates and whether they are Fully Paid or partly paid up. A certificate may
                                            be executed under seal or executed in such other manner as the directors determine.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5.3 | The
                                            Company shall not be bound to issue more than one certificate for Shares held jointly by
                                            several persons and delivery of a certificate for a Share to one joint holder shall be a
                                            sufficient delivery to all of them.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Renewal
of lost or damaged share certificates



|5.4 | If
                                            a share certificate is defaced, worn-out, lost or destroyed, it may be renewed on such terms
                                            (if any) as to:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | evidence;
| | --- | ---------



| | (b) | indemnity;
| | --- | ----------



| | (c) | payment
                                            of the expenses reasonably incurred by the Company in investigating the evidence; and
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------



| | (d) | payment
                                            of a reasonable fee, if any, for issuing a replacement share certificate as
the directors may determine, and (in the case of defacement or wearing-out) on delivery to the Company of the old certificate.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



7







|6. | Lien
                                            on Shares
|-- | ----------------------------------------------------------



Nature
and scope of lien



|6.1 | The
                                            Company has a first and paramount lien on all Shares (whether Fully Paid or not) registered
                                            in the name of a Member (whether solely or jointly with others). The lien is for all moneys
                                            payable to the Company by the Member or the Member’s estate:
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | either
                                            alone or jointly with any other person, whether or not that other person is a Member; and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | whether
                                            or not those moneys are presently payable.
| | --- | ----------------------------------------------------------------------------------------------



|6.2 | At
                                            any time the directors may declare any Share to be wholly or partly exempt from the provisions
                                            of this Article.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Company
may sell Shares to satisfy lien



|6.3 | The
                                            Company may sell any Shares over which it has a lien if all of the following conditions are
                                            met:
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            sum in respect of which the lien exists is presently payable;
| | --- | -------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            Company gives notice to the Member holding the Share (or to the person entitled to it in
                                            consequence of the death or bankruptcy of that Member) demanding payment and stating that
                                            if the notice is not complied with the Shares may be sold; and
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | that
                                            sum is not paid within 14 Clear Days after that notice is deemed to be given under these
                                            Articles.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|6.4 | The
                                            Shares may be sold in such manner as the directors determine.
|--- | -------------------------------------------------------------------------------------------------------------



|6.5 | To
                                            the maximum extent permitted by Applicable Law, the directors shall incur no personal liability
                                            to the Member concerned in respect of the sale.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Authority
to execute instrument of transfer



|6.6 | To
                                            give effect to a 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
                                            title of the transferee of the Shares shall not be affected by any irregularity or invalidity
                                            in the proceedings in respect of the sale.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Consequences
of sale of Shares to satisfy lien



|6.7 | On
                                            sale pursuant to the preceding Articles:
|--- | ---------------------------------------------------------------------------------------



| | (a) | the
                                            name of the Member concerned shall be removed from the Register of Members as the holder
                                            of those Shares; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | that
                                            person shall deliver to the Company for cancellation the certificate for those Shares.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------



Despite
this, that person shall remain liable to the Company for all monies which, at the date of sale, were presently payable by him to the
Company in respect of those Shares. That person shall also be liable to pay interest on those monies from the date of sale until payment
at the rate at which interest was payable before that sale or, failing that, at the Default Rate. The directors may waive payment wholly
or in part or enforce payment without any allowance for the value of the Shares at the time of sale or for any consideration received
on their disposal.



Application
of proceeds of sale



|6.8 | The
                                            net proceeds of the sale, after payment of the costs, shall be applied in payment of so much
                                            of the sum for which the lien exists as is presently payable. Any residue shall be paid to
                                            the person whose Shares have been sold:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | if
                                            no certificate for the Shares was issued, at the date of the sale; or
| | --- | --------------------------------------------------------------------------------------------------------------------



| | (b) | if
                                            a certificate for the Shares was issued, upon surrender to the Company of that certificate
                                            for cancellation but,
in either case, subject to the Company retaining a like lien for all sums not presently payable as existed on the Shares before the sale.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



8







|7. | Calls
                                            on Shares and forfeiture
|-- | --------------------------------------------------------------------------



Power
to make calls and effect of calls



|7.1 | Subject
                                            to the terms of allotment, the directors may make calls on the Members in respect of any
                                            moneys unpaid on their Shares including any premium. The call may provide for payment to
                                            be by instalments. Subject to receiving at least 14 Clear Days’ notice specifying when
                                            and where payment is to be made, each Member shall pay to the Company the amount called on
                                            his Shares as required by the notice.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|7.2 | Before
                                            receipt by the Company of any sum due under a call, that call may be revoked in whole or
                                            in part and payment of a call may be postponed in whole or in part. Where a call is to be
                                            paid in instalments, the Company may revoke the call in respect of all or any remaining instalments
                                            in whole or in part and may postpone payment of all or any of the remaining instalments in
                                            whole or in part.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|7.3 | A
                                            Member on whom a call is made shall remain liable for that call notwithstanding the subsequent
                                            transfer of the Shares in respect of which the call was made. A person shall not be liable
                                            for calls made after such person is no longer registered as Member in respect of those Shares.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Time
when call made



|7.4 | A
                                            call shall be deemed to have been made at the time when the resolution of the directors authorising
                                            the call was passed.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Liability
of joint holders



|7.5 | Members
                                            registered as the joint holders of a Share shall be jointly and severally liable to pay all
                                            calls in respect of the Share.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Interest
on unpaid calls



|7.6 | If
                                            a call remains unpaid after it has become due and payable the person from whom it is due
                                            and payable shall pay interest on the amount unpaid from the day it became due and payable
                                            until it is paid:
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | at
                                            the rate fixed by the terms of allotment of the Share or in the notice of the call; or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------



| | (b) | if
                                            no rate is fixed, at the Default Rate.
| | --- | -------------------------------------------------------------------------------------



The
directors may waive payment of the interest wholly or in part.



Deemed
calls



|7.7 | Any
                                            amount payable in respect of a Share, whether on allotment or on a fixed date or otherwise,
                                            shall be deemed to be payable as a call. If the amount is not paid when due the provisions
                                            of these Articles shall apply as if the amount had become due and payable by virtue of a
                                            call.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Power
to accept early payment



|7.8 | The
                                            Company may accept from a Member the whole or a part of the amount remaining unpaid on Shares
                                            held by him although no part of that amount has been called up.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



9







Power
to make different arrangements at time of issue of Shares



|7.9 | Subject
                                            to the terms of allotment, the directors may make arrangements on the issue of Shares to
                                            distinguish between Members in the amounts and times of payment of calls on their Shares.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Notice
of default



|7.10 | If
                                            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 14 Clear Days’ notice requiring payment of:
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            amount unpaid;
| | --- | --------------------------------------------------------------



| | (b) | any
                                            interest which may have accrued;
| | --- | --------------------------------------------------------------------------------



| | (c) | any
                                            expenses which have been incurred by the Company due to that person’s default.
| | --- | ------------------------------------------------------------------------------------------------------------------------------



|7.11 | The
                                            notice shall state the following:
|---- | ---------------------------------------------------------------------------------



| | (a) | the
                                            place where payment is to be made; and
| | --- | --------------------------------------------------------------------------------------



| | (b) | a
                                            warning that if the notice is not complied with the Shares in respect of which the call is
                                            made will be liable to be forfeited.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Forfeiture
or surrender of Shares



|7.12 | If
                                            the notice under the preceding Article is not complied with, the directors may, before the
                                            payment required by the notice has been received, resolve that any Share the subject of that
                                            notice be forfeited. The forfeiture shall include all dividends or other moneys payable in
                                            respect of the forfeited Share and not paid before the forfeiture. Despite the foregoing,
                                            the directors may determine that any Share the subject of that notice be accepted by the
                                            Company as surrendered by the Member holding that Share in lieu of forfeiture.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|7.13 | The
                                            directors may accept the surrender for no consideration of any Fully Paid Share.
|---- | --------------------------------------------------------------------------------------------------------------------------------



Disposal
of forfeited or surrendered Share and power to cancel forfeiture or surrender



|7.14 | A
                                            forfeited or surrendered Share may be sold, re-allotted or otherwise disposed of on such
                                            terms and in such manner as the directors determine either to the former Member who held
                                            that Share or to any other person. The forfeiture or surrender may be cancelled on such terms
                                            as the directors think fit at any time before a sale, re-allotment or other disposition.
                                            Where, for the purposes of its disposal, a forfeited or surrendered Share is to be transferred
                                            to any person, the directors may authorise some person to execute an instrument of transfer
                                            of the Share to the transferee.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Effect
of forfeiture or surrender on former Member



|7.15 | On
                                            forfeiture or surrender:
|---- | -----------------------------------------------------------------------



| | (a) | the
                                            name of the Member concerned shall be removed from the Register of Members as the holder
                                            of those Shares and that person shall cease to be a Member in respect of those Shares; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | that
                                            person shall surrender to the Company for cancellation the certificate (if any) for the forfeited
                                            or surrendered Shares.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|7.16 | Despite
                                            the forfeiture or surrender of his Shares, that person shall remain liable to the Company
                                            for all moneys which at the date of forfeiture or surrender were presently payable by him
                                            to the Company in respect of those Shares together with:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | all
                                            expenses; and
| | --- | -------------------------------------------------------------



10







| | (b) | interest
                                            from the date of forfeiture or surrender until payment:
| | --- | ------------------------------------------------------------------------------------------------------------



| | (i) | at
                                            the rate of which interest was payable on those moneys before forfeiture; or
| | --- | ---------------------------------------------------------------------------------------------------------------------------



| | (ii) | if
                                            no interest was so payable, at the Default Rate.
| | ---- | -----------------------------------------------------------------------------------------------



The
directors, however, may waive payment wholly or in part.



Evidence
of forfeiture or surrender



|7.17 | A
                                            declaration, whether statutory or under oath, made by a director or the Secretary shall be
                                            conclusive evidence of the following matters stated in it as against all persons claiming
                                            to be entitled to forfeited Shares:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | that
                                            the person making the declaration is a director or Secretary of the Company, and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------



| | (b) | that
                                            the particular Shares have been forfeited or surrendered on a particular date.
| | --- | -------------------------------------------------------------------------------------------------------------------------------



Subject
to the execution of an instrument of transfer, if necessary, the declaration shall constitute good title to the Shares.



Sale
of forfeited or surrendered Shares



|7.18 | Any
                                            person to whom the forfeited or surrendered Shares are disposed of shall not be bound to
                                            see to the application of the consideration, if any, of those Shares nor shall his title
                                            to the Shares be affected by any irregularity in, or invalidity of the proceedings in respect
                                            of, the forfeiture, surrender or disposal of those Shares.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|8. | Transfer
                                            of Shares
|-- | --------------------------------------------------------------



Form
of transfer



|8.1 | Subject
                                            to the following Articles about the transfer of Shares, and provided that such transfer complies
                                            with the rules and regulations of the Designated Stock Exchange, the SEC and/or any other
                                            competent regulatory authority or otherwise under Applicable Law, a Member may transfer Shares
                                            to another person by completing an instrument of transfer in a common form or in a form prescribed
                                            by the rules and regulations of the Designated Stock Exchange, the SEC and/or any other competent
                                            regulatory authority or otherwise under Applicable Law or in any other form approved by the
                                            directors, executed:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | where
                                            the Shares are Fully Paid, by or on behalf of that Member; and
| | --- | ----------------------------------------------------------------------------------------------------------------



| | (b) | where
                                            the Shares are partly paid, by or on behalf of that Member and the transferee.
| | --- | --------------------------------------------------------------------------------------------------------------------------------



|8.2 | The
                                            transferor shall be deemed to remain the holder of a Share until the name of the transferee
                                            is entered into the Register of Members.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Power
to refuse registration



|8.3 | If
                                            the Shares in question were issued in conjunction with rights, options or warrants issued
                                            pursuant to Article 3.4 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.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



11







Power
to suspend registration



|8.4 | Subject
                                            to Applicable Law, the directors may suspend registration of the transfer of Shares at such
                                            times and for such periods, not exceeding 30 days in any calendar year, as they determine.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Company
may retain instrument of transfer



|8.5 | The
                                            Company shall be entitled to retain any instrument of transfer which is registered; but an
                                            instrument of transfer which the directors refuse to register shall be returned to the person
                                            lodging it when notice of the refusal is given.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|9. | Transmission
                                            of Shares
|-- | ------------------------------------------------------------------



Persons
entitled on death of a Member



|9.1 | If
                                            a Member dies, the only persons recognised by the Company as having any title to the deceased
                                            Members’ interest are the following:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | where
                                            the deceased Member was a joint holder, the survivor or survivors; and
| | --- | ------------------------------------------------------------------------------------------------------------------------



| | (b) | where
                                            the deceased Member was a sole holder, that Member’s personal representative or representatives.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------



|9.2 | Nothing
                                            in these Articles shall release the deceased Member’s estate from any liability in
                                            respect of any Share, whether the deceased was a sole holder or a joint holder.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Registration
of transfer of a Share following death or bankruptcy



|9.3 | A
                                            person becoming entitled to a Share in consequence of the death or bankruptcy of a Member
                                            may elect to do either of the following:
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | to
                                            become the holder of the Share; or
| | --- | ---------------------------------------------------------------------------------



| | (b) | to
                                            transfer the Share to another person.
| | --- | ------------------------------------------------------------------------------------



|9.4 | That
                                            person must produce such evidence of his entitlement as the directors may properly require.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------



|9.5 | If
                                            the person elects to become the holder of the Share, he must give notice to the Company to
                                            that effect. For the purposes of these Articles, that notice shall be treated as though it
                                            were an executed instrument of transfer.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|9.6 | If
                                            the person elects to transfer the Share to another person then:
|--- | --------------------------------------------------------------------------------------------------------------



| | (a) | if
                                            the Share is Fully Paid, the transferor must execute an instrument of transfer; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------



| | (b) | if
                                            the Share is partly paid, the transferor and the transferee must execute an instrument of
                                            transfer.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|9.7 | All
                                            these Articles relating to the transfer of Shares shall apply to the notice or, as appropriate,
                                            the instrument of transfer.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Indemnity



|9.8 | A
                                            person registered as a Member by reason of the death or bankruptcy of another Member shall
                                            indemnify the Company and the directors against any loss or damage suffered by the Company
                                            or the directors as a result of that registration.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



12







Rights
of person entitled to a Share following death or bankruptcy



|9.9 | A
                                            person becoming entitled to a Share by reason of the death or bankruptcy of a Member shall
                                            have the rights to which he would be entitled if he were registered as the holder of the
                                            Share. However, until he is registered as Member in respect of the Share, he shall not be
                                            entitled to attend or vote at any meeting of the Company or at any separate meeting of the
                                            holders of that class of Shares in the Company.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|10. | Alteration
                                            of capital
|--- | -----------------------------------------------------------------



Increasing,
consolidating, converting, dividing and cancelling share capital



|10.1 | To
                                            the fullest extent permitted by the Law, the Company may by Ordinary Resolution do any of
                                            the following and amend its Memorandum for that purpose:
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | increase
                                            its share capital by new Shares of the amount fixed by that Ordinary Resolution and with
                                            the attached rights, priorities and privileges set out in that Ordinary Resolution;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (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) | sub-divide
                                            its Shares or any of them into Shares of an amount smaller than that fixed by the Memorandum,
                                            so, however, that in the sub-division, the proportion between the amount paid and the amount,
                                            if any, unpaid on each reduced Share shall be the same as it was in case of the Share from
                                            which the reduced Share is derived; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | cancel
                                            Shares which, at the date of the passing of that 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 or, in the case of Shares without nominal par value, diminish
                                            the number of Shares into which its capital is divided.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Dealing
with fractions resulting from consolidation of Shares



|10.2 | Whenever,
                                            as a result of a consolidation of Shares, any Members would become entitled to fractions
                                            of a Share the directors may on behalf of those Members:
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | sell
                                            the Shares representing the fractions for the best price reasonably obtainable to any person
                                            (including, subject to the provisions of the Law, the Company); and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | distribute
                                            the net proceeds in due proportion among those Members.
| | --- | --------------------------------------------------------------------------------------------------------------



For
that purpose, the directors may authorise some person to execute an instrument of transfer of the Shares to, or in accordance with the
directions of, the purchaser. The transferee shall not be bound to see to the application of the purchase money nor shall the transferee’s
title to the Shares be affected by any irregularity in, or invalidity of, the proceedings in respect of the sale.



Reducing
share capital



|10.3 | Subject
                                            to the Law and to any rights for the time being conferred on the Members holding a particular
                                            class of Shares, the Company may, by Special Resolution, reduce its share capital in any
                                            way.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



13







|11. | Redemption
                                            and purchase of own Shares
|--- | ---------------------------------------------------------------------------------



Power
to issue redeemable Shares and to purchase own Shares



|11.1 | Subject
                                            to the Law and to any rights for the time being conferred on the Members holding a particular
                                            class of Shares, and, where applicable, the rules and regulations of the Designated Stock
                                            Exchange, the SEC and/or any other competent regulatory authority or otherwise under Applicable
                                            Law, the Company may by its directors:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | issue
                                            Shares that are to be redeemed or liable to be redeemed, at the option of the Company or
                                            the Member holding those redeemable Shares, on the terms and in the manner its directors
                                            determine before the issue of those Shares;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | with
                                            the consent by Special Resolution of the Members holding Shares of a particular class, vary
                                            the rights attaching to that class of Shares so as to provide that those Shares are to be
                                            redeemed or are liable to be redeemed at the option of the Company on the terms and in the
                                            manner which the directors determine at the time of such variation; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | purchase
                                            all or any of its own Shares of any class including any redeemable Shares on the terms and
                                            in the manner which the directors determine at the time of such purchase.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The
Company may make a payment in respect of the redemption or purchase of its own Shares in any manner authorised by the Law, including
out of any combination of the following: capital, its profits and the proceeds of a fresh issue of Shares.



Power
to pay for redemption or purchase in cash or in specie



|11.2 | When
                                            making a payment in respect of the redemption or purchase of Shares, the directors may make
                                            the payment in cash or in specie (or partly in one and partly in the other) if so authorised
                                            by the terms of the allotment of those Shares, or by the terms applying to those Shares in
                                            accordance with Article 11.1, or otherwise by agreement with the Member holding those Shares.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Effect
of redemption or purchase of a Share



|11.3 | Upon
                                            the date of redemption or purchase of a Share:
|---- | -----------------------------------------------------------------------------------------------



| | (a) | the
                                            Member holding that Share shall cease to be entitled to any rights in respect of the Share
                                            other than the right to receive:
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | the
                                            price for the Share; and
| | --- | ------------------------------------------------------------------------



| | (ii) | any
                                            dividend declared in respect of the Share prior to the date of redemption or purchase;
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            Member’s name shall be removed from the Register of Members with respect to the Share;
                                            and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | the
                                            Share shall be cancelled or held as a Treasury Shares, as the directors may determine.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------



For
the purpose of this Article, the date of redemption or purchase is the date when the redemption or purchase falls due.



|12. | Meetings
                                            of Members
|--- | ---------------------------------------------------------------



Power
to call meetings



|12.1 | To
                                            the extent required by the rules and regulations of the Designated Stock Exchange, the SEC
                                            and/or any other competent regulatory authority or otherwise under Applicable Law, an annual
                                            general meeting of the Company shall be held each year at such time as determined by the
                                            directors and the Company may, but shall not (unless required by the Law or the rules and
                                            regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory
                                            authority or otherwise under Applicable Law) be obliged to, in each year, hold any other
                                            general meeting.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



14







|12.2 | The
                                            agenda of the annual general meeting shall be set by the directors and shall include the
                                            presentation of the Company’s annual accounts and the report of the directors (if any).
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12.3 | Annual
                                            general meetings shall be held in New York, USA or in such other places as the directors
                                            may determine.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12.4 | All
                                            general meetings other than annual general meetings shall be called extraordinary general
                                            meetings and the Company shall specify the meeting as such in the notices calling it.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12.5 | The
                                            directors may call a general meeting at any time.
|---- | -------------------------------------------------------------------------------------------------



|12.6 | If
                                            there are insufficient directors to constitute a quorum and the remaining directors are unable
                                            to agree on the appointment of additional directors, the directors must call a general meeting
                                            for the purpose of appointing additional directors.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12.7 | The
                                            directors must also call a general meeting if requisitioned in the manner set out in the
                                            next two Articles.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12.8 | The
                                            requisition must be in writing and given by one or more Members who together hold at least
                                            40% of the rights to vote at such general meeting.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12.9 | The
                                            requisition must also:
|---- | ----------------------------------------------------------------------



| | (a) | specify
                                            the purpose of the meeting;
| | --- | -------------------------------------------------------------------------------



| | (b) | be
                                            signed by or on behalf of each requisitioner (and for this purpose each joint holder shall
                                            be obliged to sign). The requisition may consist of several documents in like form signed
                                            by one or more of the requisitioners; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | be
                                            delivered in accordance with the notice provisions.
| | --- | --------------------------------------------------------------------------------------------------



|12.10 | Should
                                            the directors fail to call a general meeting within 21 Clear Days from the date of receipt
                                            of a requisition, the requisitioners or any of them may call a general meeting within three
                                            months after the end of that period.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12.11 | Without
                                            limitation to the foregoing, if there are insufficient directors to constitute a quorum and
                                            the remaining directors are unable to agree on the appointment of additional directors, any
                                            one or more Members who together hold at least 40% of the rights to vote at a general meeting
                                            may call a general meeting for the purpose of considering the business specified in the notice
                                            of meeting which shall include as an item of business the appointment of additional directors.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|12.12 | Members
                                            seeking to bring business before the annual general meeting or to nominate candidates for
                                            election as directors at the annual general meeting must deliver notice to the principal
                                            executive offices of the Company not later than the close of business on the 90th day nor
                                            earlier than the close of business on the 120th day prior to the scheduled date of the annual
                                            general meeting.
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Content
of notice



|12.13 | Notice
                                            of a general meeting shall specify each of the following:
|----- | ------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            place, the date and the hour of the meeting;
| | --- | --------------------------------------------------------------------------------------------



| | (b) | if
                                            the meeting is to be held in two or more places, the technology that will be used to facilitate
                                            the meeting;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | subject
                                            to paragraph (d), the general nature of the business to be transacted; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------



15







| | (d) | if
                                            a resolution is proposed as a Special Resolution, the text of that resolution.
| | --- | -----------------------------------------------------------------------------------------------------------------------------



|12.14 | In
                                            each notice there shall appear with reasonable prominence the following statements:
|----- | ----------------------------------------------------------------------------------------------------------------------------------



| | (a) | that
                                            a Member who is entitled to attend and vote is entitled to appoint one or more proxies to
                                            attend and vote instead of that Member; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | that
                                            a proxyholder need not be a Member.
| | --- | ------------------------------------------------------------------------------------



Period
of notice



|12.15 | At
                                            least five Clear Days’ notice of a general meeting must be given to Members, 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 these 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 95% in par value
                                            of the Shares giving that right.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Persons
entitled to receive notice



|12.16 | Subject
                                            to the provisions of these Articles and to any restrictions imposed on any Shares, the notice
                                            shall be given to the following people:
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            Members;
| | --- | --------------------------------------------------------



| | (b) | persons
                                            entitled to a Share in consequence of the death or bankruptcy of a Member; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------



| | (c) | the
                                            directors.
| | --- | ----------------------------------------------------------



Publication
of notice on a website



|12.17 | Subject
                                            to the Law or the rules and regulations of the Designated Stock Exchange, the SEC and/or
                                            any other competent regulatory authority or otherwise under Applicable Law, a notice of a
                                            general meeting may be published on a website providing the recipient is given separate notice
                                            of:
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            publication of the notice on the website;
| | --- | -----------------------------------------------------------------------------------------



| | (b) | the
                                            place on the website where the notice may be accessed;
| | --- | ------------------------------------------------------------------------------------------------------



| | (c) | how
                                            it may be accessed; and
| | --- | -----------------------------------------------------------------------



| | (d) | the
                                            place, date and time of the general meeting.
| | --- | --------------------------------------------------------------------------------------------



|12.18 | If
                                            a Member notifies the Company that he is unable for any reason to access the website, the
                                            Company must as soon as practicable give notice of the meeting to that Member by any other
                                            means permitted by these Articles. This will not affect when that Member is deemed to have
                                            received notice of the meeting.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Time
a website notice is deemed to be given



|12.19 | A
                                            website notice is deemed to be given when the Member is given notice of its publication.
|----- | --------------------------------------------------------------------------------------------------------------------------------------



16







Required
duration of publication on a website



|12.20 | Where
                                            the notice of meeting is published on a website, it shall continue to be published in the
                                            same place on that website from the date of the notification until at least the conclusion
                                            of the meeting to which the notice relates.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Accidental
omission to give notice or non-receipt of notice



|12.21 | Proceedings
                                            at a meeting shall not be invalidated by the following:
|----- | ---------------------------------------------------------------------------------------------------------------



| | (a) | an
                                            accidental failure to give notice of the meeting to any person entitled to notice; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------



| | (b) | non-receipt
                                            of notice of the meeting by any person entitled to notice.
| | --- | ------------------------------------------------------------------------------------------------------------------



|12.22 | In
                                            addition, where a notice of meeting is published on a website, proceedings at the meeting
                                            shall not be invalidated merely because it is accidentally published:
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | in
                                            a different place on the website; or
| | --- | -----------------------------------------------------------------------------------



| | (b) | for
                                            part only of the period from the date of the notification until the conclusion of the meeting
                                            to which the notice relates.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13. | Proceedings
                                            at meetings of Members
|--- | ------------------------------------------------------------------------------



Quorum



|13.1 | Save
                                            as provided in the following Article, no business shall be transacted at any meeting unless
                                            a quorum is present in person or by proxy. One or more Members who together hold not less
                                            than one-third of the Shares entitled to vote at such meeting 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.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Lack
of quorum



|13.2 | If
                                            a quorum is not present within 15 minutes of the time appointed for the meeting, or if at
                                            any time during the meeting it becomes inquorate, then the following provisions apply:
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | If
                                            the meeting was requisitioned by Members, it shall be cancelled.
| | --- | ---------------------------------------------------------------------------------------------------------------



| | (b) | In
                                            any other case, the meeting shall stand adjourned to the same time and place seven days hence,
                                            or to such other time or place as is determined by the directors. If a quorum is not present
                                            within 15 minutes of the time appointed for the adjourned meeting, then the meeting shall
                                            be dissolved.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Use
of technology



|13.3 | A
                                            person may participate in a general meeting through the medium of conference telephone, video
                                            or any other form of communications equipment providing all persons participating in the
                                            meeting are able to hear and speak to each other throughout the meeting. A person participating
                                            in this way is deemed to be present in person at the meeting.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Chairman



|13.4 | The
                                            chairman of a general meeting shall be the chairman of the board or such other director as
                                            the directors have nominated to chair board meetings in the absence of the chairman of the
                                            board. Absent any such person being present within 15 minutes of the time appointed for the
                                            meeting, the directors present shall elect one of their number to chair the meeting.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



17







|13.5 | If
                                            no director is present within 15 minutes of the time appointed for the meeting, or if no
                                            director is willing to act as chairman, the Members present in person or by proxy and entitled
                                            to vote shall choose one of their number to chair the meeting.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Right
of a director to attend and speak



|13.6 | Even
                                            if a director is not a Member, he shall be entitled to attend and speak at any general meeting
                                            and at any separate meeting of Members holding a particular class of Shares in the Company.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Adjournment
and Postponement



|13.7 | The
                                            chairman may at any time adjourn a meeting. The chairman must adjourn the meeting if so directed
                                            by the meeting. No business, however, can be transacted at an adjourned meeting other than
                                            business which might properly have been transacted at the original meeting.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13.8 | Should
                                            a meeting be adjourned for more than twenty Clear Days, whether because of a lack of quorum
                                            or otherwise, Members shall be given at least five Clear Days’ notice of the date,
                                            time and place of the adjourned meeting and the general nature of the business to be transacted.
                                            Otherwise it shall not be necessary to give any notice of the adjournment.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13.9 | 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.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13.10 | 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.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Method
of voting



|13.11 | A
                                            resolution put to the vote of the meeting shall be decided on a poll.
|----- | -------------------------------------------------------------------------------------------------------------------



Taking
of a poll



|13.12 | A
                                            poll demanded on the question of adjournment shall be taken immediately.
|----- | ----------------------------------------------------------------------------------------------------------------------



|13.13 | A
                                            poll demanded on any other question shall be taken either immediately or at an adjourned
                                            meeting at such time and place as the chairman directs, not being more than 30 Clear Days
                                            after the poll was demanded.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13.14 | The
                                            demand for a poll shall not prevent the meeting continuing to transact any business other
                                            than the question on which the poll was demanded.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13.15 | A
                                            poll shall be taken in such manner as the chairman directs. He may appoint scrutineers (who
                                            need not be Members) and fix a place and time for declaring the result of the poll. If, through
                                            the aid of technology, the meeting is held in more than place, the chairman may appoint scrutineers
                                            in more than place; but if he considers that the poll cannot be effectively monitored at
                                            that meeting, the chairman shall adjourn the holding of the poll to a date, place and time
                                            when that can occur.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Chairman’s
casting vote



|13.16 | If
                                            the votes on a resolution are equal, the chairman may if he wishes exercise a casting vote.
|----- | ------------------------------------------------------------------------------------------------------------------------------------------



18







Amendments
to resolutions



|13.17 | An
                                            Ordinary Resolution to be proposed at a general meeting may be amended by Ordinary Resolution
                                            if:
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | not
                                            less than 48 hours before the meeting is to take place (or such later time as the chairman
                                            of the meeting may determine), notice of the proposed amendment is given to the Company in
                                            writing by a Member entitled to vote at that meeting; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            proposed amendment does not, in the reasonable opinion of the chairman of the meeting, materially
                                            alter the scope of the resolution.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13.18 | A
                                            Special Resolution to be proposed at a general meeting may be amended by Ordinary Resolution,
                                            if:
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            chairman of the meeting proposes the amendment at the general meeting at which the resolution
                                            is to be proposed, and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            amendment does not go beyond what the chairman considers is necessary to correct a grammatical
                                            or other non-substantive error in the resolution.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13.19 | If
                                            the chairman of the meeting, acting in good faith, wrongly decides that an amendment to a
                                            resolution is out of order, the chairman’s error does not invalidate the vote on that
                                            resolution.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Written
resolutions



|13.20 | Members
                                            may pass a resolution in writing without holding a meeting if the following conditions are
                                            met:
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | all
                                            Members entitled so to vote are given notice of the resolution as if the same were being
                                            proposed at a meeting of Members;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | all
                                            Members entitled so to vote:
| | --- | ----------------------------------------------------------------------------



| | (i) | sign
                                            a document; or
| | --- | ---------------------------------------------------------------



| | (ii) | sign
                                            several documents in the like form each signed by one or more of those Members; and
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------



| | (c) | the
                                            signed document or documents is or are delivered to the Company, including, if the Company
                                            so nominates, by delivery of an Electronic Record by Electronic means to the address specified
                                            for that purpose.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Such
written resolution shall be as effective as if it had been passed at a meeting of the Members entitled to vote duly convened and held.



|13.21 | If
                                            a written resolution is described as a Special Resolution or as an Ordinary Resolution, it
                                            has effect accordingly.
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|13.22 | The
                                            directors may determine the manner in which written resolutions shall be put to Members.
                                            In particular, they may provide, in the form of any written resolution, for each Member to
                                            indicate, out of the number of votes the Member would have been entitled to cast at a meeting
                                            to consider the resolution, how many votes he wishes to cast in favour of the resolution
                                            and how many against the resolution or to be treated as abstentions. The result of any such
                                            written resolution shall be determined on the same basis as on a poll.
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Sole-member
company



|13.23 | If
                                            the Company has only one Member, and the Member records in writing his decision on a question,
                                            that record shall constitute both the passing of a resolution and the minute of it.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



19







|14. | Voting
                                            rights of Members
|--- | --------------------------------------------------------------------



Right
to vote



|14.1 | Unless
                                            their Shares carry no right to vote, or unless a call or other amount presently payable has
                                            not been paid, all Members are entitled to vote at a general meeting, and all Members holding
                                            Shares of a particular class of Shares are entitled to vote at a meeting of the holders of
                                            that class of Shares.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.2 | Members
                                            may vote in person or by proxy.
|---- | -----------------------------------------------------------------------------------



|14.3 | Every
                                            Member shall have one vote for each Share he holds, unless any Share carries special voting
                                            rights.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.4 | A
                                            fraction of a Share shall entitle its holder to an equivalent fraction of one vote.
|---- | ---------------------------------------------------------------------------------------------------------------------------------



|14.5 | No
                                            Member is bound to vote on his Shares or any of them; nor is he bound to vote each of his
                                            Shares in the same way.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Rights
of joint holders



|14.6 | If
                                            Shares are held jointly, only one of the joint holders may vote. If more than one of the
                                            joint holders tenders a vote, the vote of the holder whose name in respect of those Shares
                                            appears first in the Register of Members shall be accepted to the exclusion of the votes
                                            of the other joint holder.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Representation
of corporate Members



|14.7 | Save
                                            where otherwise provided, a corporate Member must act by a duly authorised representative.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------



|14.8 | A
                                            corporate Member wishing to act by a duly authorised representative must identify that person
                                            to the Company by notice in writing.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.9 | The
                                            authorisation may be for any period of time, and must be delivered to the Company not less
                                            than two hours before the commencement of the meeting at which it is first used.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.10 | The
                                            directors of the Company may require the production of any evidence which they consider necessary
                                            to determine the validity of the notice.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.11 | Where
                                            a duly authorised representative is present at a meeting that Member is deemed to be present
                                            in person; and the acts of the duly authorised representative are personal acts of that Member.
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.12 | A
                                            corporate Member may revoke the appointment of a duly authorised representative at any time
                                            by notice to the Company; but such revocation will not affect the validity of any acts carried
                                            out by the duly authorised representative before the directors of the Company had actual
                                            notice of the revocation.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.13 | 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)).
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Member
with mental disorder



|14.14 | A
                                            Member in respect of whom an order has been made by any court having jurisdiction (whether
                                            in the Islands or elsewhere) in matters concerning mental disorder may vote, by that Member’s
                                            receiver, curator bonis or other person authorised in that behalf appointed by that court.
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



20







|14.15 | For
                                            the purpose of the preceding Article, evidence to the satisfaction of the directors of the
                                            authority of the person claiming to exercise the right to vote must be received not less
                                            than 24 hours before holding the relevant meeting or the adjourned meeting in any manner
                                            specified for the delivery of forms of appointment of a proxy, whether in writing or by Electronic
                                            means. In default, the right to vote shall not be exercisable.
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Objections
to admissibility of votes



|14.16 | An
                                            objection to the validity of a person’s vote may only be raised at the meeting or at
                                            the adjourned meeting at which the vote is sought to be tendered. Any objection duly made
                                            shall be referred to the chairman whose decision shall be final and conclusive.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Form
of proxy



|14.17 | An
                                            instrument appointing a proxy shall be in any common form or in any other form approved by
                                            the directors.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.18 | The
                                            instrument must be in writing and signed in one of the following ways:
|----- | ----------------------------------------------------------------------------------------------------------------------



| | (a) | by
                                            the Member; or
| | --- | -------------------------------------------------------------



| | (b) | by
                                            the Member’s authorised attorney; or
| | --- | -----------------------------------------------------------------------------------



| | (c) | if
                                            the Member is a corporation or other body corporate, under seal or signed by an authorised
                                            officer, secretary or attorney.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



If
the directors so resolve, the Company may accept an Electronic Record of that instrument delivered in the manner specified below and
otherwise satisfying these Articles about authentication of Electronic Records.



|14.19 | The
                                            directors may require the production of any evidence which they consider necessary to determine
                                            the validity of any appointment of a proxy.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.20 | A
                                            Member may revoke the appointment of a proxy at any time by notice to the Company duly signed
                                            in accordance with the Article above about signing proxies; but such revocation will not
                                            affect the validity of any acts carried out by the proxy before the directors of the Company
                                            had actual notice of the revocation.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



How
and when proxy is to be delivered



|14.21 | Subject
                                            to the following Articles, the form of appointment of a proxy and any authority under which
                                            it is signed (or a copy of the authority certified notarially or in any other way approved
                                            by the directors) must be delivered so that it is received by the Company not less than 48
                                            hours before the time for holding the meeting or adjourned meeting at which the person named
                                            in the form of appointment of proxy proposes to vote. They must be delivered in either of
                                            the following ways:
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | In
                                            the case of an instrument in writing, it must be left at or sent by post:
| | --- | ------------------------------------------------------------------------------------------------------------------------



| | (i) | to
                                            the registered office of the Company; or
| | --- | ---------------------------------------------------------------------------------------



| | (ii) | to
                                            such other place specified in the notice convening the meeting or in any form of appointment
                                            of proxy sent out by the Company in relation to the meeting.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | If,
                                            pursuant to the notice provisions, a notice may be given to the Company in an Electronic
                                            Record, an Electronic Record of an appointment of a proxy must be sent to the address specified
                                            pursuant to those provisions unless another address for that purpose is specified:
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | in
                                            the notice convening the meeting; or
| | --- | -----------------------------------------------------------------------------------



| | (ii) | in
                                            any form of appointment of a proxy sent out by the Company in relation to the meeting; or
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------



21







| | (iii) | in
                                            any invitation to appoint a proxy issued by the Company in relation to the meeting.
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------



|14.22 | Subject
                                            to the following Article, where a poll is taken:
|----- | ----------------------------------------------------------------------------------------------------



| | (a) | if
                                            it is taken more than seven Clear Days after it is demanded, the form of appointment of a
                                            proxy and any accompanying authority (or an Electronic Record of the same) must be delivered
                                            as required under the preceding Article not less than 24 hours before the time appointed
                                            for the taking of the poll; or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | if
                                            it is to be taken within seven Clear Days after it was demanded, the form of appointment
                                            of a proxy and any accompanying authority (or an Electronic Record of the same) must be delivered
                                            as required under the preceding Article not less than two hours before the time appointed
                                            for the taking of the poll.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|14.23 | Notwithstanding
                                            the preceding Articles:
|----- | -----------------------------------------------------------------------------------



| | (a) | the
                                            directors may, in the notice convening a meeting or in any form of appointment of a proxy
                                            sent out by the Company in relation to the meeting, specify another time (being not later
                                            than the time appointed for the commencement of the meeting or adjourned meeting) by which
                                            the form of appointment of a proxy and any accompanying authority (or an Electronic Record
                                            of the same) must be delivered to the Company pursuant to Article 14.21); and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | The
                                            chairman may in any event at his discretion declare that the form of appointment of a proxy
                                            and any accompanying authority (or an Electronic Record of the same) shall be deemed to have
                                            been duly deposited.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | If
                                            the form of appointment of proxy is not delivered on time, it is (unless the chairman declares
                                            it to be duly deposited) invalid.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Voting
by proxy



|14.24 | A
                                            proxy shall have the same voting rights at a meeting or adjourned meeting as the Member would
                                            have had except to the extent that the instrument appointing him limits those rights. Notwithstanding
                                            the appointment of a proxy, a Member may attend and vote at a meeting or adjourned meeting.
                                            If a Member votes on any resolution a vote by his proxy on the same resolution, unless in
                                            respect of different Shares, shall be invalid.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|15. | Number
                                            of directors
|--- | ---------------------------------------------------------------



Unless
otherwise determined by Ordinary Resolution, the minimum number of directors shall be one and the maximum shall be nine.



|16. | Appointment,
                                            disqualification and removal of directors
|--- | --------------------------------------------------------------------------------------------------



No
age limit



|16.1 | There
                                            is no age limit for directors save that they must be aged at least 18 years.
|---- | ------------------------------------------------------------------------------------------------------------------------------



Corporate
directors



|16.2 | Unless
                                            prohibited by Applicable Law, a body corporate may be a director. If a body corporate is
                                            a director, these Articles about representation of corporate Members at general meetings
                                            apply, mutatis mutandis, to these Articles about directors’ meetings.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



No
shareholding qualification



|16.3 | Unless
                                            a shareholding qualification for directors is fixed by Ordinary Resolution, no director shall
                                            be required to own Shares as a condition of his appointment.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



22







Appointment
and removal of directors



|16.4 | The
                                            directors shall be divided into three classes: Class I, Class II and Class III. The number
                                            of directors in each class shall be as nearly equal as possible. Upon the adoption of the
                                            Articles, the existing directors shall by resolution classify themselves as Class I, Class
                                            II or Class III directors. The Class I directors shall stand elected for a term expiring
                                            at the Company’s first annual general meeting, the Class II directors shall stand elected
                                            for a term expiring at the Company’s second annual general meeting and the Class III
                                            directors shall stand elected for a term expiring at the Company’s third annual general
                                            meeting. Commencing at the Company’s first annual general meeting, and at each annual
                                            general meeting thereafter, directors elected to succeed those directors whose terms expire
                                            shall be elected for a term of office to expire at the third succeeding annual general meeting
                                            after their election. All directors shall hold office until the expiration of their respective
                                            terms of office and until their successors shall have been elected and qualified. A director
                                            elected to fill a vacancy resulting from the death, resignation or removal of a director
                                            shall serve for the remainder of the full term of the director whose death, resignation or
                                            removal shall have created such vacancy and until his successor shall have been elected and
                                            qualified.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|16.5 | The
                                            Company may by Ordinary Resolution appoint any person to be a director or may by Ordinary
                                            Resolution remove any director.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|16.6 | Without
                                            prejudice to the Company’s power to appoint a person to be a director pursuant to these
                                            Articles, the directors shall have power at any time to appoint any person who is willing
                                            to act as a director, either to fill a vacancy or as an additional director. A director elected
                                            to fill a vacancy resulting from the death, resignation or removal of a director shall serve
                                            for the remainder of the full term of the director whose death, resignation or removal shall
                                            have created such vacancy and until his successor shall have been elected and qualified.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|16.7 | Notwithstanding
                                            the other provisions of these Articles, in any case where, as a result of death, the Company
                                            has no directors and no shareholders, the personal representatives of the last shareholder
                                            to have died have the power, by notice in writing to the Company, to appoint a person to
                                            be a director. For the purpose of this Article:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | where
                                            two or more shareholders die in circumstances rendering it uncertain who was the last to
                                            die, a younger shareholder is deemed to have survived an older shareholder;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | if
                                            the last shareholder died leaving a will which disposes of that shareholder’s shares
                                            in the Company (whether by way of specific gift, as part of the residuary estate, or otherwise):
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | the
                                            expression personal representatives of the last shareholder means:
| | --- | ------------------------------------------------------------------------------------------------------------------



| | (A) | until
                                            a grant of probate in respect of that will has been obtained from the Grand Court of the
                                            Cayman Islands, all of the executors named in that will who are living at the time the power
                                            of appointment under this Article is exercised; and
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (B) | after
                                            such grant of probate has been obtained, only such of those executors who have proved that
                                            will;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | without
                                            derogating from section 3(1) of the Succession Law (As Revised), the executors named in that
                                            will may exercise the power of appointment under this Article without first obtaining a grant
                                            of probate.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|16.8 | A
                                            remaining director may appoint a director even though there is not a quorum of directors.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------



|16.9 | No
                                            appointment can cause the number of directors to exceed the maximum; and any such appointment
                                            shall be invalid.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|16.10 | For
                                            so long as Shares are listed on a Designated Stock Exchange, the directors shall include
                                            at least such number of Independent Directors as Applicable Law or the rules and regulations
                                            of the Designated Stock Exchange require, subject to applicable phase-in rules of the Designated
                                            Stock Exchange.
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



23







Resignation
of directors



|16.11 | A
                                            director may at any time resign office by giving to the Company notice in writing or, if
                                            permitted pursuant to the notice provisions, in an Electronic Record delivered in either
                                            case in accordance with those provisions.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|16.12 | Unless
                                            the notice specifies a different date, the director shall be deemed to have resigned on the
                                            date that the notice is delivered to the Company.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Termination
of the office of director



|16.13 | A
                                            director’s office shall be terminated forthwith if:
|----- | -------------------------------------------------------------------------------------------------



| | (a) | he
                                            is prohibited by the law of the Islands from acting as a director; or
| | --- | --------------------------------------------------------------------------------------------------------------------



| | (b) | he
                                            is made bankrupt or makes an arrangement or composition with his creditors generally; or
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------



| | (c) | in
                                            the opinion of a registered medical practitioner by whom he is being treated he becomes physically
                                            or mentally incapable of acting as a director; or
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | he
                                            is made subject to any law relating to mental health or incompetence, whether by court order
                                            or otherwise;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) | without
                                            the consent of the other directors, he is absent from meetings of directors for a continuous
                                            period of six months; or
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



|17. | Alternate
                                            directors
|--- | ---------------------------------------------------------------



Appointment
and removal



|17.1 | Any
                                            director may appoint any other person, including another director, to act in his place as
                                            an alternate director. No appointment shall take effect until the director has given notice
                                            of the appointment to the other directors. Such notice must be given to each other director
                                            by either of the following methods:
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | by
                                            notice in writing in accordance with the notice provisions;
| | --- | ----------------------------------------------------------------------------------------------------------



| | (b) | if
                                            the other director has an email address, by emailing to that address a scanned copy of the
                                            notice as a PDF attachment (the PDF version being deemed to be the notice unless Article
                                            32.7 applies), in which event notice shall be taken to be given on the date of receipt by
                                            the recipient in readable form. For the avoidance of doubt, the same email may be sent to
                                            the email address of more than one director (and to the email address of the Company pursuant
                                            to Article 17.4(c)).
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|17.2 | Without
                                            limitation to the preceding Article, a director may appoint an alternate for a particular
                                            meeting by sending an email to his fellow directors informing them that they are to take
                                            such email as notice of such appointment for such meeting. Such appointment shall be effective
                                            without the need for a signed notice of appointment or the giving of notice to the Company
                                            in accordance with Article 17.4.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|17.3 | A
                                            director may revoke his appointment of an alternate at any time. No revocation shall take
                                            effect until the director has given notice of the revocation to the other directors. Such
                                            notice must be given by either of the methods specified in Article 17.1.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



24







|17.4 | A
                                            notice of appointment or removal of an alternate director must also be given to the Company
                                            by any of the following methods:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | by
                                            notice in writing in accordance with the notice provisions;
| | --- | ----------------------------------------------------------------------------------------------------------



| | (b) | if
                                            the Company has a facsimile address for the time being, by sending by facsimile transmission
                                            to that facsimile address a facsimile copy or, otherwise, by sending by facsimile transmission
                                            to the facsimile address of the Company’s registered office a facsimile copy (in either
                                            case, the facsimile copy being deemed to be the notice unless Article 32.7 applies), in which
                                            event notice shall be taken to be given on the date of an error-free transmission report
                                            from the sender’s fax machine;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | if
                                            the Company has an email address for the time being, by emailing to that email address a
                                            scanned copy of the notice as a PDF attachment or, otherwise, by emailing to the email address
                                            provided by the Company’s registered office a scanned copy of the notice as a PDF attachment
                                            (in either case, the PDF version being deemed to be the notice unless Article 32.7 applies),
                                            in which event notice shall be taken to be given on the date of receipt by the Company or
                                            the Company’s registered office (as appropriate) in readable form; or
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) | if
                                            permitted pursuant to the notice provisions, in some other form of approved Electronic Record
                                            delivered in accordance with those provisions in writing.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Notices



|17.5 | All
                                            notices of meetings of directors shall continue to be given to the appointing director and
                                            not to the alternate.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Rights
of alternate director



|17.6 | An
                                            alternate director shall be entitled to attend and vote at any board meeting or meeting of
                                            a committee of the directors at which the appointing director is not personally present,
                                            and generally to perform all the functions of the appointing director in his absence.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|17.7 | For
                                            the avoidance of doubt:
|---- | -----------------------------------------------------------------------



| | (a) | if
                                            another director has been appointed an alternate director for one or more directors, he shall
                                            be entitled to a separate vote in his own right as a director and in right of each other
                                            director for whom he has been appointed an alternate; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | if
                                            a person other than a director has been appointed an alternate director for more than one
                                            director, he shall be entitled to a separate vote in right of each director for whom he has
                                            been appointed an alternate.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|17.8 | An
                                            alternate director, however, is not entitled to receive any remuneration from the Company
                                            for services rendered as an alternate director.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Appointment
ceases when the appointor ceases to be a director



|17.9 | An
                                            alternate director shall cease to be an alternate director if the director who appointed
                                            him ceases to be a director.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Status
of alternate director



|17.10 | An
                                            alternate director shall carry out all functions of the director who made the appointment.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------



|17.11 | Save
                                            where otherwise expressed, an alternate director shall be treated as a director under these
                                            Articles.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|17.12 | An
                                            alternate director is not the agent of the director appointing him.
|----- | ------------------------------------------------------------------------------------------------------------------



|17.13 | An
                                            alternate director is not entitled to any remuneration for acting as alternate director.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------



25







Status
of the director making the appointment



|17.14 | A
                                            director who has appointed an alternate is not thereby relieved from the duties which he
                                            owes the Company.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|18. | Powers
                                            of directors
|--- | ---------------------------------------------------------------



Powers
of directors



|18.1 | Subject
                                            to the provisions of the Law, the Memorandum and these Articles, the business of the Company
                                            shall be managed by the directors who may for that purpose exercise all the powers of the
                                            Company.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|18.2 | No
                                            prior act of the directors shall be invalidated by any subsequent alteration of the Memorandum
                                            or these Articles. However, to the extent permitted under Applicable Law, Members may by
                                            Special Resolution validate any prior or future act of the directors which would otherwise
                                            be in breach of their duties.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Appointments
to office



|18.3 | The
                                            directors may appoint a director:
|---- | ---------------------------------------------------------------------------------



| | (a) | as
                                            chairman of the board of directors;
| | --- | ----------------------------------------------------------------------------------



| | (b) | as
                                            vice-chairman of the board of directors;
| | --- | ---------------------------------------------------------------------------------------



| | (c) | as
                                            managing director;
| | --- | -----------------------------------------------------------------



| | (d) | to
                                            any other executive office
| | --- | -------------------------------------------------------------------------



for
such period and on such terms, including as to remuneration, as they think fit.



|18.4 | The
                                            appointee must consent in writing to holding that office.
|---- | ---------------------------------------------------------------------------------------------------------



|18.5 | Where
                                            a chairman is appointed he shall, unless unable to do so, preside at every meeting of directors.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------



|18.6 | If
                                            there is no chairman, or if the chairman is unable to preside at a meeting, that meeting
                                            may select its own chairman; or the directors may nominate one of their number to act in
                                            place of the chairman should he ever not be available.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|18.7 | Subject
                                            to the provisions of the Law, the directors may also appoint any person, who need not be
                                            a director:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | as
                                            Secretary; and
| | --- | -------------------------------------------------------------



| | (b) | to
                                            any office that may be required (including, for the avoidance of doubt, one or more chief
                                            executive officers, presidents, a chief financial officer, a treasurer, vice-presidents,
                                            one or more assistant vice-presidents, one or more assistant treasurers and one or more assistant
                                            secretaries),
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



for
such period and on such terms, including as to remuneration, as they think fit. In the case of an Officer, that Officer may be given
any title the directors decide.



|18.8 | The
                                            Secretary or other Officer must consent in writing to holding that office.
|---- | --------------------------------------------------------------------------------------------------------------------------



|18.9 | A
                                            Secretary, director or other Officer of the Company may not hold the office, or perform the
                                            services, of Auditor.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



26







Remuneration



|18.10 | 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 out of pocket expenses
                                            properly incurred by them in connection with activities on behalf of the Company.
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|18.11 | Remuneration
                                            may take any form and may include arrangements to pay pensions, health insurance, death or
                                            sickness benefits, whether to the director or to any other person connected to or related
                                            to him.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|18.12 | Unless
                                            his fellow directors determine otherwise, a director is not accountable to the Company for
                                            remuneration or other benefits received from any other company which is in the same group
                                            as the Company or which has common shareholdings.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Disclosure
of information



|18.13 | The
                                            directors may release or disclose to a third party any information regarding the affairs
                                            of the Company, including any information contained in the Register of Members relating to
                                            a Member, (and they may authorise any director, Officer or other authorised agent of the
                                            Company to release or disclose to a third party any such information in his possession) if:
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            Company or that person, as the case may be, is lawfully required to do so under the laws
                                            of any jurisdiction to which the Company is subject; or
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | such
                                            disclosure is in compliance with the rules of any stock exchange upon which the Company’s
                                            shares are listed; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | such
                                            disclosure is in accordance with any contract entered into by the Company; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------



| | (d) | the
                                            directors are of the opinion such disclosure would assist or facilitate the Company’s
                                            operations.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|19. | Delegation
                                            of powers
|--- | ----------------------------------------------------------------



Power
to delegate any of the directors’ powers to a committee



|19.1 | The
                                            directors may delegate any of their powers to any committee consisting of one or more persons
                                            who need not be Members (including, without limitation, the Audit Committee, the Compensation
                                            Committee and the Nominating Committee). Persons on the committee may include non-directors
                                            so long as the majority of those persons are directors.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|19.2 | The
                                            delegation may be collateral with, or to the exclusion of, the directors’ own powers.
|---- | -------------------------------------------------------------------------------------------------------------------------------------



|19.3 | The
                                            delegation may be on such terms as the directors think fit, including provision for the committee
                                            itself to delegate to a sub-committee; save that any delegation must be capable of being
                                            revoked or altered by the directors at will.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|19.4 | Unless
                                            otherwise permitted by the directors, a committee must follow the procedures prescribed for
                                            the taking of decisions by directors.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|19.5 | 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 SEC and/or any other competent regulatory authority or otherwise under Applicable Law.
                                            Each of the Audit Committee, the Compensation Committee and the Nominating 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 SEC and/or any other competent regulatory
                                            authority or otherwise under Applicable Law). For so long as any class of Shares is listed
                                            on the Designated Stock Exchange, the Audit Committee, the Compensation Committee and the
                                            Nominating and Corporate Governance Committee shall be made up of such number of Independent
                                            Directors as is required from time to time by the rules and regulations of the rules and
                                            regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory
                                            authority or otherwise under Applicable Law.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



27







Power
to appoint an agent of the Company



|19.6 | The
                                            directors may appoint any person, either generally or in respect of any specific matter,
                                            to be the agent of the Company with or without authority for that person to delegate all
                                            or any of that person’s powers. The directors may make that appointment:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | by
                                            causing the Company to enter into a power of attorney or agreement; or
| | --- | ---------------------------------------------------------------------------------------------------------------------



| | (b) | in
                                            any other manner they determine.
| | --- | -------------------------------------------------------------------------------



Power
to appoint an attorney or authorised signatory of the Company



|19.7 | The
                                            directors may appoint any person, whether nominated directly or indirectly by the directors,
                                            to be the attorney or the authorised signatory of the Company. The appointment may be:
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | for
                                            any purpose;
| | --- | ------------------------------------------------------------



| | (b) | with
                                            the powers, authorities and discretions;
| | --- | -----------------------------------------------------------------------------------------



| | (c) | for
                                            the period; and
| | --- | ---------------------------------------------------------------



| | (d) | subject
                                            to such conditions
| | --- | ----------------------------------------------------------------------



as
they think fit. The powers, authorities and discretions, however, must not exceed those vested in, or exercisable, by the directors under
these Articles. The directors may do so by power of attorney or any other manner they think fit.



|19.8 | Any
                                            power of attorney or other appointment may contain such provision for the protection and
                                            convenience for persons dealing with the attorney or authorised signatory as the directors
                                            think fit. Any power of attorney or other appointment may also authorise the attorney or
                                            authorised signatory to delegate all or any of the powers, authorities and discretions vested
                                            in that person.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Power
to appoint a proxy



|19.9 | Any
                                            director may appoint any other person, including another director, to represent him at any
                                            meeting of the directors. If a director appoints a proxy, then for all purposes the presence
                                            or vote of the proxy shall be deemed to be that of the appointing director.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|19.10 | Articles
                                            17.1 to 17.4 inclusive (relating to the appointment by directors of alternate directors)
                                            apply, mutatis mutandis, to the appointment of proxies by directors.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|19.11 | A
                                            proxy is an agent of the director appointing him and is not an Officer.
|----- | ---------------------------------------------------------------------------------------------------------------------



|20. | Meetings
                                            of directors
|--- | -----------------------------------------------------------------



Regulation
of directors’ meetings



|20.1 | Subject
                                            to the provisions of these Articles, the directors may regulate their proceedings as they
                                            think fit.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



28







Calling
meetings



|20.2 | Any
                                            director may call a meeting of directors at any time. The Secretary, if any, must call a
                                            meeting of the directors if requested to do so by a director.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Notice
of meetings



|20.3 | Every
                                            director shall be given notice of a meeting, although a director may waive retrospectively
                                            the requirement to be given notice. Notice may be oral. Attendance at a meeting without written
                                            objection shall be deemed to be a waiver of such notice requirement.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Period
of notice



|20.4 | At
                                            least five Clear Days’ notice of a meeting of directors must be given to directors.
                                            A meeting may be convened on shorter notice with the consent of all directors.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Use
of technology



|20.5 | A
                                            director may participate in a meeting of directors through the medium of conference telephone,
                                            video or any other form of communications equipment providing all persons participating in
                                            the meeting are able to hear and speak to each other throughout the meeting.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|20.6 | A
                                            director participating in this way is deemed to be present in person at the meeting.
|---- | ----------------------------------------------------------------------------------------------------------------------------------



Place
of meetings



|20.7 | If
                                            all the directors participating in a meeting are not in the same place, they may decide that
                                            the meeting is to be treated as taking place wherever any of them is.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Quorum



|20.8 | The
                                            quorum for the transaction of business at a meeting of directors shall be two unless the
                                            directors fix some other number or unless the Company has only one director.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Voting



|20.9 | A
                                            question which arises at a board meeting shall be decided by a majority of votes. If votes
                                            are equal the chairman may, if he wishes, exercise a casting vote.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Validity



|20.10 | Anything
                                            done at a meeting of directors is unaffected by the fact that it is later discovered that
                                            any person was not properly appointed, or had ceased to be a director, or was otherwise not
                                            entitled to vote.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Recording
of dissent



|20.11 | A
                                            director present at a meeting of directors shall be presumed to have assented to any action
                                            taken at that meeting unless:
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | his
                                            dissent is entered in the minutes of the meeting; or
| | --- | ----------------------------------------------------------------------------------------------------



| | (b) | he
                                            has filed with the meeting before it is concluded signed dissent from that action; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------



| | (c) | he
                                            has forwarded to the Company as soon as practical following the conclusion of that meeting
                                            signed dissent.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



A
director who votes in favour of an action is not entitled to record his dissent to it.



29







Written
resolutions



|20.12 | The
                                            directors may pass a resolution in writing without holding a meeting if all directors sign
                                            a document or sign several documents in the like form each signed by one or more of those
                                            directors.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|20.13 | Despite
                                            the foregoing, a resolution in writing signed by a validly appointed alternate director or
                                            by a validly appointed proxy need not also be signed by the appointing director. If a written
                                            resolution is signed personally by the appointing director, it need not also be signed by
                                            his alternate or proxy.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|20.14 | Such
                                            written resolution shall be as effective as if it had been passed at a meeting of the directors
                                            duly convened and held; and it shall be treated as having been passed on the day and at the
                                            time that the last director signs.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Sole
director’s minute



|20.15 | Where
                                            a sole director signs a minute recording his decision on a question, that record shall constitute
                                            the passing of a resolution in those terms.
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|21. | Permissible
                                            directors’ interests and disclosure
|--- | -------------------------------------------------------------------------------------------



Permissible
interests subject to disclosure



|21.1 | Save
                                            as expressly permitted by these Articles or as set out below, a director may not have a direct
                                            or indirect interest or duty which conflicts or may possibly conflict with the interests
                                            of the Company.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|21.2 | If,
                                            notwithstanding the prohibition in the preceding Article, a director discloses to his fellow
                                            directors the nature and extent of any material interest or duty in accordance with the next
                                            Article, he may:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | be
                                            a party to, or otherwise interested in, any transaction or arrangement with the Company or
                                            in which the Company is or may otherwise be interested; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | be
                                            interested in another body corporate promoted by the Company or in which the Company is otherwise
                                            interested. In particular, the director may be a director, secretary or officer of, or employed
                                            by, or be a party to any transaction or arrangement with, or otherwise interested in, that
                                            other body corporate.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|21.3 | Such
                                            disclosure may be made at a meeting of the board or otherwise (and, if otherwise, it must
                                            be made in writing). The director must disclose the nature and extent of his direct or indirect
                                            interest in or duty in relation to a transaction or arrangement or series of transactions
                                            or arrangements with the Company or in which the Company has any material interest.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|21.4 | If
                                            a director has made disclosure in accordance with the preceding Article, then he shall not,
                                            by reason only of his office, be accountable to the Company for any benefit that he derives
                                            from any such transaction or arrangement or from any such office or employment or from any
                                            interest in any such body corporate, and no such transaction or arrangement shall be liable
                                            to be avoided on the ground of any such interest or benefit.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Notification
of interests



|21.5 | For
                                            the purposes of the preceding Articles:
|---- | ---------------------------------------------------------------------------------------



| | (a) | a
                                            general notice that a director gives to the other directors that he is to be regarded as
                                            having an interest of the nature and extent specified in the notice in any transaction or
                                            arrangement in which a specified person or class of persons is interested shall be deemed
                                            to be a disclosure that he has an interest in or duty in relation to any such transaction
                                            of the nature and extent so specified; and
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | an
                                            interest of which a director has no knowledge and of which it is unreasonable to expect him
                                            to have knowledge shall not be treated as an interest of his.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



30







Voting
where a director is interested in a matter



|21.6 | A
                                            director may vote at a meeting of directors on any resolution concerning a matter in which
                                            that director has an interest or duty, whether directly or indirectly, so long as that director
                                            discloses any material interest pursuant to these Articles. The director shall be counted
                                            towards a quorum of those present at the meeting. If the director votes on the resolution,
                                            his vote shall be counted.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|21.7 | Where
                                            proposals are under consideration concerning the appointment of two or more directors to
                                            offices or employment with the Company or any body corporate in which the Company is interested,
                                            the proposals may be divided and considered in relation to each director separately and each
                                            of the directors concerned shall be entitled to vote and be counted in the quorum in respect
                                            of each resolution except that concerning his or her own appointment.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|22. | Minutes
|--- | -------



The
Company shall cause minutes to be made in books kept for the purpose in accordance with the Law.



|23. | Accounts
                                            and audit
|--- | --------------------------------------------------------------



Accounting
and other records



|23.1 | The
                                            directors must ensure that proper accounting and other records are kept, and that accounts
                                            and associated reports are distributed in accordance with the requirements of the Law.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



No
automatic right of inspection



|23.2 | Members
                                            are only entitled to inspect the Company’s records if they are expressly entitled to
                                            do so by law, or by resolution made by the directors or passed by Ordinary Resolution.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Sending
of accounts and reports



|23.3 | The
                                            Company’s accounts and associated directors’ report or auditor’s report
                                            that are required or permitted to be sent to any person pursuant to any law shall be treated
                                            as properly sent to that person if:
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | they
                                            are sent to that person in accordance with the notice provisions: or
| | --- | ---------------------------------------------------------------------------------------------------------------------



| | (b) | they
                                            are published on a website providing that person is given separate notice of:
| | --- | ------------------------------------------------------------------------------------------------------------------------------



| | (i) | the
                                            fact that publication of the documents has been published on the website;
| | --- | -------------------------------------------------------------------------------------------------------------------------



| | (ii) | the
                                            address of the website; and
| | ---- | ---------------------------------------------------------------------------



| | (iii) | the
                                            place on the website where the documents may be accessed; and
| | ----- | -------------------------------------------------------------------------------------------------------------



| | (iv) | how
                                            they may be accessed.
| | ---- | ---------------------------------------------------------------------



|23.4 | If,
                                            for any reason, a person notifies the Company that he is unable to access the website, the
                                            Company must, as soon as practicable, send the documents to that person by any other means
                                            permitted by these Articles. This, however, will not affect when that person is taken to
                                            have received the documents under the next Article.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



31







Time
of receipt if documents are published on a website



|23.5 | Documents
                                            sent by being published on a website in accordance with the preceding two Articles are only
                                            treated as sent at least five Clear Days before the date of the meeting at which they are
                                            to be laid if:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            documents are published on the website throughout a period beginning at least five Clear
                                            Days before the date of the meeting and ending with the conclusion of the meeting; and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            person is given at least five Clear Days’ notice of the hearing.
| | --- | ----------------------------------------------------------------------------------------------------------------



Validity
despite accidental error in publication on website



|23.6 | If,
                                            for the purpose of a meeting, documents are sent by being published on a website in accordance
                                            with the preceding Articles, the proceedings at that meeting are not invalidated merely because:
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | those
                                            documents are, by accident, published in a different place on the website to the place notified;
                                            or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | they
                                            are published for part only of the period from the date of notification until the conclusion
                                            of that meeting.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Audit



|23.7 | The
                                            directors may appoint an Auditor of the Company who shall hold office on such terms as the
                                            directors determine.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|23.8 | 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 Designated Stock Exchange, 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 SEC and the Designated Stock Exchange. The Audit Committee
                                            shall meet at least once every financial quarter, or more frequently as circumstances dictate.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|23.9 | If
                                            the Shares 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.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|23.10 | The
                                            remuneration of the Auditor shall be fixed by the Audit Committee (if one exists).
|----- | ----------------------------------------------------------------------------------------------------------------------------------



|23.11 | 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.
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|23.12 | 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 other
                                            Officers of the Company such information and explanation as may be necessary for the performance
                                            of the duties of the Auditor.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|23.13 | 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.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|23.14 | Any
                                            payment made to members of the Audit Committee (if one exists) shall require the review and
                                            approval of the directors, with any director interested in such payment abstaining from such
                                            review and approval.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



32







|24. | Financial
                                            year
|--- | ----------------------------------------------------------



Unless
the directors otherwise specify, the financial year of the Company:



| | (a) | shall
                                            end on 31st December in the year of its incorporation and each following year; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------



| | (b) | shall
                                            begin when it was incorporated and on 1st January each following year.
| | --- | ------------------------------------------------------------------------------------------------------------------------



|25. | Record
                                            dates
|--- | --------------------------------------------------------



Except
to the extent of any conflicting rights attached to Shares, the directors may fix any time and date as the record date for:



| | (a) | calling
                                            a general meeting;
| | --- | ----------------------------------------------------------------------



| | (b) | declaring
                                            or paying a dividend;
| | --- | ---------------------------------------------------------------------------



| | (c) | making
                                            or issuing an allotment of Shares; or
| | --- | ----------------------------------------------------------------------------------------



| | (d) | conducting
                                            any other business required pursuant to these Articles.
| | --- | --------------------------------------------------------------------------------------------------------------



The
record date may be before or after the date on which a dividend, allotment or issue is declared, paid or made.



|26. | Dividends
|--- | ---------



Declaration
of dividends by directors



|26.1 | The
                                            directors may from time to time declare dividends (including interim dividends) in accordance
                                            with the respective rights of the Members if it appears to them that they are justified by
                                            the financial position of the Company and that such dividends may lawfully be paid.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|26.2 | Subject
                                            to the provisions of the Law, in relation to the distinction between interim dividends and
                                            final dividends, the following applies:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | Upon
                                            determination to pay a dividend or dividends described as interim by the directors in the
                                            dividend resolution, no debt shall be created by the declaration until such time as payment
                                            is made.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | Upon
                                            declaration of a dividend or dividends described as final by the directors in the dividend
                                            resolution, a debt shall be created immediately following the declaration, the due date to
                                            be the date the dividend is stated to be payable in the resolution.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



If
the resolution fails to specify whether a dividend is final or interim, it shall be assumed to be interim.



|26.3 | In
                                            relation to Shares carrying differing rights to dividends or rights to dividends at a fixed
                                            rate, the following applies:
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | If
                                            the share capital is divided into different classes, the directors may pay dividends on Shares
                                            which confer deferred or non- preferred rights with regard to dividends as well as on Shares
                                            which confer preferential rights with regard to dividends but no dividend shall be paid on
                                            Shares carrying deferred or non-preferred rights if, at the time of payment, any preferential
                                            dividend is in arrears.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | The
                                            directors may also pay, at intervals settled by them, any dividend payable at a fixed rate
                                            if it appears to them that there are sufficient funds of the Company lawfully available for
                                            distribution to justify the payment.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | If
                                            the directors act in good faith, they shall not incur any liability to the Members holding
                                            Shares conferring preferred rights for any loss those Members may suffer by the lawful payment
                                            of the dividend on any Shares having deferred or non-preferred rights.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



33







Apportionment
of dividends



|26.4 | Except
                                            as otherwise provided by the rights attached to Shares, all dividends shall be declared and
                                            paid according to the amounts paid up on the Shares on which the dividend is paid. All dividends
                                            shall be apportioned and paid proportionately to the amount paid up on the Shares during
                                            the time or part of the time in respect of which the dividend is paid. If a Share is issued
                                            on terms providing that it shall rank for dividend as from a particular date, that Share
                                            shall rank for dividend accordingly.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Right
of set off



|26.5 | The
                                            directors may deduct from a dividend or any other amount payable to a person in respect of
                                            a Share any amount due by that person to the Company on a call or otherwise in relation to
                                            a Share.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Power
to pay other than in cash



|26.6 | If
                                            the directors so determine, any resolution declaring a dividend may direct that it shall
                                            be satisfied wholly or partly by the distribution of assets. If a difficulty arises in relation
                                            to the distribution, the directors may settle that difficulty in any way they consider appropriate.
                                            For example, they may do any one or more of the following:
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | issue
                                            fractional Shares;
| | --- | --------------------------------------------------------------------



| | (b) | fix
                                            the value of assets for distribution and make cash payments to some Members on the footing
                                            of the value so fixed in order to adjust the rights of Members; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | vest
                                            some assets in trustees.
| | --- | -------------------------------------------------------------------------



How
payments may be made



|26.7 | A
                                            dividend or other monies payable on or in respect of a Share may be paid in any of the following
                                            ways:
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | if
                                            the Member holding that Share or other person entitled to that Share nominates a bank account
                                            for that purpose, by wire transfer to that bank account; or
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | by
                                            cheque or warrant sent by post to the registered address of the Member holding that Share
                                            or other person entitled to that Share.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|26.8 | For
                                            the purpose of paragraph (a) of the preceding Article, the nomination may be in writing or
                                            in an Electronic Record and the bank account nominated may be the bank account of another
                                            person. For the purpose of paragraph (b) of the preceding Article, subject to any Applicable
                                            Law or regulation, the cheque or warrant shall be made to the order of the Member holding
                                            that Share or other person entitled to the Share or to his nominee, whether nominated in
                                            writing or in an Electronic Record, and payment of the cheque or warrant shall be a good
                                            discharge to the Company.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|26.9 | If
                                            two or more persons are registered as the holders of the Share or are jointly entitled to
                                            it by reason of the death or bankruptcy of the registered holder (Joint Holders),
                                            a dividend (or other amount) payable on or in respect of that Share may be paid as follows:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | to
                                            the registered address of the Joint Holder of the Share who is named first on the Register
                                            of Members or to the registered address of the deceased or bankrupt holder, as the case may
                                            be; or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | to
                                            the address or bank account of another person nominated by the Joint Holders, whether that
                                            nomination is in writing or in an Electronic Record.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|26.10 | Any
                                            Joint Holder of a Share may give a valid receipt for a dividend (or other amount) payable
                                            in respect of that Share.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



34







Dividends
or other moneys not to bear interest in absence of special rights



|26.11 | Unless
                                            provided for by the rights attached to a Share, no dividend or other monies payable by the
                                            Company in respect of a Share shall bear interest.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Dividends
unable to be paid or unclaimed



|26.12 | If
                                            a dividend cannot be paid to a Member or remains unclaimed within six weeks after it was
                                            declared or both, the directors may pay it into a separate account in the Company’s
                                            name. If a dividend is paid into a separate account, the Company shall not be constituted
                                            trustee in respect of that account and the dividend shall remain a debt due to the Member.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|26.13 | A
                                            dividend that remains unclaimed for a period of six years after it became due for payment
                                            shall be forfeited to, and shall cease to remain owing by, the Company.
|----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|27. | Capitalisation
                                            of profits
|--- | ---------------------------------------------------------------------



Capitalisation
of profits or of any share premium account or capital redemption reserve



|27.1 | The
                                            directors may resolve to capitalise:
|---- | ------------------------------------------------------------------------------------



| | (a) | any
                                            part of the Company’s profits not required for paying any preferential dividend (whether
                                            or not those profits are available for distribution); or
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | any
                                            sum standing to the credit of the Company’s share premium account or capital redemption
                                            reserve, if any.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The
amount resolved to be capitalised must be appropriated to the Members who would have been entitled to it had it been distributed by way
of dividend and in the same proportions. The benefit to each Member so entitled must be given in either or both of the following ways:



| | (c) | by
                                            paying up the amounts unpaid on that Member’s Shares;
| | --- | ----------------------------------------------------------------------------------------------------



| | (d) | by
                                            issuing Fully Paid Shares, debentures or other securities of the Company to that Member or
                                            as that Member directs. The directors may resolve that any Shares issued to the Member in
                                            respect of partly paid Shares (Original Shares) rank for dividend only to the extent that
                                            the Original Shares rank for dividend while those Original Shares remain partly paid.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Applying
an amount for the benefit of members



|27.2 | The
                                            amount capitalised must be applied to the benefit of Members in the proportions to which
                                            the Members would have been entitled to dividends if the amount capitalised had been distributed
                                            as a dividend.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|27.3 | Subject
                                            to the Law, if a fraction of a Share, a debenture, or other security is allocated to a Member,
                                            the directors may issue a fractional certificate to that Member or pay him the cash equivalent
                                            of the fraction.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|28. | Share
                                            premium account
|--- | -----------------------------------------------------------------



Directors
to maintain share premium account



|28.1 | The
                                            directors shall establish a share premium account in accordance with the Law. They shall
                                            carry to the credit of that account from time to time an amount equal to the amount or value
                                            of the premium paid on the issue of any Share or capital contributed or such other amounts
                                            required by the Law.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



35







Debits
to share premium account



|28.2 | The
                                            following amounts shall be debited to any share premium account:
|---- | ----------------------------------------------------------------------------------------------------------------



| | (a) | on
                                            the redemption or purchase of a Share, the difference between the nominal value of that Share
                                            and the redemption or purchase price; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | any
                                            other amount paid out of a share premium account as permitted by the Law.
| | --- | -------------------------------------------------------------------------------------------------------------------------



|28.3 | Notwithstanding
                                            the preceding Article, on the redemption or purchase of a Share, the directors may pay the
                                            difference between the nominal value of that Share and the redemption purchase price out
                                            of the profits of the Company or, as permitted by the Law, out of capital.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|29. | Seal
|--- | ----



Company
seal



|29.1 | The
                                            Company may have a seal if the directors so determine.
|---- | ------------------------------------------------------------------------------------------------------



Duplicate
seal



|29.2 | Subject
                                            to the provisions of the Law, the Company may also have a duplicate seal or seals for use
                                            in any place or places outside the Islands. Each duplicate seal shall be a facsimile of the
                                            original seal of the Company. However, if the directors so determine, a duplicate seal shall
                                            have added on its face the name of the place where it is to be used.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



When
and how seal is to be used



|29.3 | A
                                            seal may only be used by the authority of the directors. Unless the directors otherwise determine,
                                            a document to which a seal is affixed must be signed in one of the following ways:
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | by
                                            a director (or his alternate) and the Secretary; or
| | --- | --------------------------------------------------------------------------------------------------



| | (b) | by
                                            a single director (or his alternate).
| | --- | ------------------------------------------------------------------------------------



If
no seal is adopted or used



|29.4 | If
                                            the directors do not adopt a seal, or a seal is not used, a document may be executed in the
                                            following manner:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | by
                                            a director (or his alternate) or any other Officer to which authority has been delegated
                                            by resolution duly adopted by the directors; or
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | by
                                            a single director (or his alternate); or
| | --- | ---------------------------------------------------------------------------------------



| | (c) | in
                                            any other manner permitted by the Law.
| | --- | -------------------------------------------------------------------------------------



Power
to allow non-manual signatures and facsimile printing of seal



|29.5 | The
                                            directors may determine that either or both of the following applies:
|---- | ---------------------------------------------------------------------------------------------------------------------



| | (a) | that
                                            the seal or a duplicate seal need not be affixed manually but may be affixed by some other
                                            method or system of reproduction;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | that
                                            a signature required by these Articles need not be manual but may be a mechanical or Electronic
                                            Signature.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



36







Validity
of execution



|29.6 | If
                                            a document is duly executed and delivered by or on behalf of the Company, it shall not be
                                            regarded as invalid merely because, at the date of the delivery, the Secretary, or the director,
                                            or other Officer or person who signed the document or affixed the seal for and on behalf
                                            of the Company ceased to be the Secretary or hold that office and authority on behalf of
                                            the Company.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|30. | Indemnity
|--- | ---------



Indemnity



|30.1 | To
                                            the extent permitted by Applicable Law, the Company shall indemnify each existing or former
                                            Secretary, director (including alternate director), and other Officer of the Company (including
                                            an investment adviser or an administrator or liquidator) and their personal representatives
                                            against:
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | all
                                            actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or
                                            sustained by the existing or former Secretary, director or other Officer in or about the
                                            conduct of the Company’s business or affairs or in the execution or discharge of the
                                            existing or former Secretary’s, director’s or other Officer’s duties, powers,
                                            authorities or discretions; and
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | without
                                            limitation to paragraph (a), all costs, expenses, losses or liabilities incurred by the existing
                                            or former Secretary, director or other Officer in defending (whether successfully or otherwise)
                                            any civil, criminal, administrative or investigative proceedings (whether threatened, pending
                                            or completed) concerning the Company or its affairs in any court or tribunal, whether in
                                            the Islands or elsewhere.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



No
such existing or former Secretary director or other Officer, however, shall be indemnified in respect of any matter arising out of his
own actual fraud, wilful default or wilful neglect.



|30.2 | To
                                            the extent permitted by Applicable Law, the Company may make a payment, or agree to make
                                            a payment, whether by way of advance, loan or otherwise, for any legal costs incurred by
                                            an existing or former Secretary, director (including alternate director) or other Officer
                                            of the Company in respect of any matter identified in paragraph (a) or paragraph (b) of the
                                            preceding Article on condition that the Secretary, director or other Officer must repay the
                                            amount paid by the Company to the extent that it is ultimately found not liable to indemnify
                                            the Secretary, director or other Officer for those legal costs.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Release



|30.3 | To
                                            the extent permitted by Applicable Law, the Company may by Special Resolution release any
                                            existing or former Secretary, director (including alternate director) or other Officer of
                                            the Company from liability for any loss or damage or right to compensation which may arise
                                            out of or in connection with the execution or discharge of the duties, powers, authorities
                                            or discretions of his office; but there may be no release from liability arising out of or
                                            in connection with that person’s own actual fraud, wilful default or wilful neglect.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Insurance



|30.4 | To
                                            the extent permitted by Applicable Law, the Company may pay, or agree to pay, a premium in
                                            respect of a contract insuring each of the following persons against risks determined by
                                            the directors, other than liability arising out of that person’s own dishonesty:
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | an
                                            existing or former Secretary, director (including alternate director) or other Officer or
                                            auditor of:
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | the
                                            Company;
| | --- | --------------------------------------------------------



| | (ii) | a
                                            company which is or was a subsidiary of the Company;
| | ---- | --------------------------------------------------------------------------------------------------



| | (iii) | a
                                            company in which the Company has or had an interest (whether direct or indirect); and
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------



37







| | (b) | a
                                            trustee of an employee or retirement benefits scheme or other trust in which any of the persons
                                            referred to in paragraph (a) is or was interested.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|31. | Notices
|--- | -------



Form
of notices



|31.1 | Save
                                            where these Articles provide otherwise, any notice to be given to or by any person pursuant
                                            to these Articles shall be:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | in
                                            writing signed by or on behalf of the giver in the manner set out below for written notices;
                                            or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | subject
                                            to the next Article, in an Electronic Record signed by or on behalf of the giver by Electronic
                                            Signature and authenticated in accordance with Articles about authentication of Electronic
                                            Records; or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | where
                                            these Articles expressly permit, by the Company by means of a website.
| | --- | ------------------------------------------------------------------------------------------------------------------------



Electronic
communications



|31.2 | Without
                                            limitation to Articles 17.1 to 17.4 inclusive (relating to the appointment and removal by
                                            directors of alternate directors) and to Articles 19.9 to 19.11 inclusive (relating to the
                                            appointment by directors of proxies), notice may be given to the Company by Electronic Record.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|31.3 | A
                                            notice may not be given by Electronic Record to a person other than the Company unless the
                                            recipient has notified the giver of an Electronic address to which notice may be sent.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Persons
authorised to give notices



|31.4 | A
                                            notice by either the Company or a Member pursuant to these Articles may be given on behalf
                                            of the Company or a Member by a director or company secretary of the Company or a Member.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Delivery
of written notices



|31.5 | Save
                                            where these Articles provide otherwise, a notice in writing may be given personally to the
                                            recipient, or left at (as appropriate) the Member’s or director’s registered
                                            address or the Company’s registered office, or posted to that registered address or
                                            registered office.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Joint
holders



|31.6 | Where
                                            Members are joint holders of a Share, all notices shall be given to the Member whose name
                                            first appears in the Register of Members.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Signatures



|31.7 | A
                                            written notice shall be signed when it is autographed by or on behalf of the giver, or is
                                            marked in such a way as to indicate its execution or adoption by the giver.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|31.8 | An
                                            Electronic Record may be signed by an Electronic Signature.
|---- | ----------------------------------------------------------------------------------------------------------



Evidence
of transmission



|31.9 | A
                                            notice given by Electronic Record shall be deemed sent if an Electronic Record is kept demonstrating
                                            the time, date and content of the transmission, and if no notification of failure to transmit
                                            is received by the giver.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





|31.10 | A
                                            notice given in writing shall be deemed sent if the giver can provide proof that the envelope
                                            containing the notice was properly addressed, pre-paid and posted, or that the written notice
                                            was otherwise properly transmitted to the recipient.
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



38







Giving
notice to a deceased or bankrupt Member



|31.11 | A
                                            notice may be given by the Company to the persons entitled to a Share in consequence of the
                                            death or bankruptcy of a Member by sending or delivering it, in any manner authorised by
                                            these Articles for the giving of notice to a Member, 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, if any, supplied for that purpose by the persons claiming to be so entitled.
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|31.12 | Until
                                            such an address has been supplied, a notice may be given in any manner in which it might
                                            have been given if the death or bankruptcy had not occurred.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Date
of giving notices



|31.13 | A
                                            notice is given on the date identified in the following table.
|----- | ------------------------------------------------------------------------------------------------------------



|Method
    for giving notices                                                                                                               |  | When
    taken to be given                                                                                                                           
|------------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------
|Personally                                                                                                                                  |  | At
    the time and date of delivery                                                                                                                 
|By
    leaving it at the member’s registered address                                                                                        |  | At
    the time and date it was left                                                                                                                 
|If
    the recipient has an address within the Islands, by posting it by prepaid post to the street or postal address of that recipient     |  | 48
    hours after it was posted                                                                                                                     
|If
    the recipient has an address outside the Islands, by posting it by prepaid airmail to the street or postal address of that recipient |  | 3
    Clear Days after posting                                                                                                                       
|By
    Electronic Record (other than publication on a website), to recipient’s Electronic address                                           |  | Within
    24 hours after it was sent                                                                                                                
|By
    publication on a website                                                                                                             |  | See
    these Articles about the time when notice of a meeting of Members or accounts and reports, as the case may be, are published on a
    website



Saving
provision



|31.14 | None
                                            of the preceding notice provisions shall derogate from these Articles about the delivery
                                            of written resolutions of directors and written resolutions of Members.
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|32. | Authentication
                                            of Electronic Records
|--- | --------------------------------------------------------------------------------



Application
of Articles



|32.1 | Without
                                            limitation to any other provision of these Articles, any notice, written resolution or other
                                            document under these Articles that is sent by Electronic means by a Member, or by the Secretary,
                                            or by a director or other Officer of the Company, shall be deemed to be authentic if either
                                            Article 32.2 or Article 32.4 applies.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



39







Authentication
of documents sent by Members by Electronic means



|32.2 | An
                                            Electronic Record of a notice, written resolution or other document sent by Electronic means
                                            by or on behalf of one or more Members shall be deemed to be authentic if the following conditions
                                            are satisfied:
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            Member or each Member, as the case may be, signed the original document, and for this purpose
                                            Original Document includes several documents in like form signed by one or more of those
                                            Members; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            Electronic Record of the Original Document was sent by Electronic means by, or at the direction
                                            of, that Member to an address specified in accordance with these Articles for the purpose
                                            for which it was sent; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | Article
                                            32.7 does not apply.
| | --- | ------------------------------------------------------------------------



|32.3 | For
                                            example, where a sole Member signs a resolution and sends the Electronic Record of the original
                                            resolution, or causes it to be sent, by facsimile transmission to the address in these Articles
                                            specified for that purpose, the facsimile copy shall be deemed to be the written resolution
                                            of that Member unless Article 32.7 applies.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Authentication
of document sent by the Secretary, Directors or Other Officers of the Company by Electronic means



|32.4 | An
                                            Electronic Record of a notice, written resolution or other document sent by or on behalf
                                            of the Secretary, a director or directors or any other Officer or Officers of the Company
                                            shall be deemed to be authentic if the following conditions are satisfied:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | the
                                            Secretary, director or other Officer, as the case may be, signed the original document, and
                                            for this purpose Original Document includes several documents in like form signed
                                            by the Secretary or one or more other Officers or directors; and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | the
                                            Electronic Record of the Original Document was sent by Electronic means by, or at the direction
                                            of, the Secretary, director or other Officer to an address specified in accordance with these
                                            Articles for the purpose for which it was sent; and
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | Article
                                            32.7 does not apply.
| | --- | ------------------------------------------------------------------------



This
Article applies whether the document is sent by or on behalf of the Secretary, director or other Officer in his or her own right or as
a representative of the Company.



|32.5 | For
                                            example, where a sole director signs a resolution and scans the resolution, or causes it
                                            to be scanned, as a PDF version which is attached to an email sent to the address in these
                                            Articles specified for that purpose, the PDF version shall be deemed to be the written resolution
                                            of that director unless Article 32.7 applies.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Manner
of signing



|32.6 | For
                                            the purposes of these Articles about the authentication of Electronic Records, a document
                                            will be taken to be signed if it is signed manually or in any other manner permitted by these
                                            Articles.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



40







Saving
provision



|32.7 | A
                                            notice, written resolution or other document under these Articles will not be deemed to be
                                            authentic if the recipient, acting reasonably:
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | believes
                                            that the signature of the signatory has been altered after the signatory had signed the original
                                            document; or
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | believes
                                            that the original document, or the Electronic Record of it, was altered, without the approval
                                            of the signatory, after the signatory signed the original document; or
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) | otherwise
                                            doubts the authenticity of the Electronic Record of the document
| | --- | ----------------------------------------------------------------------------------------------------------------------



and
the recipient promptly gives notice to the sender setting the grounds of its objection. If the recipient invokes this Article, the sender
may seek to establish the authenticity of the Electronic Record in any way the sender thinks fit.



|33. | Transfer
                                            by way of continuation
|--- | ---------------------------------------------------------------------------



|33.1 | The
                                            Company may, by Special Resolution, resolve to be registered by way of continuation in a
                                            jurisdiction outside:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



| | (b) | such
                                            other jurisdiction in which it is, for the time being, incorporated, registered or existing.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------



|33.2 | To
                                            give effect to any resolution made pursuant to the preceding Article, the directors may cause
                                            the following:
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | an
                                            application be made to the Registrar of Companies to deregister the Company in the Islands
                                            or in the other jurisdiction in which it is for the time being incorporated, registered or
                                            existing; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | all
                                            such further steps as they consider appropriate to be taken to effect the transfer by way
                                            of continuation of the Company.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|34. | Winding
                                            up
|--- | ------------------------------------------------------



Distribution
of assets in specie



|34.1 | If
                                            the Company is wound up, the Members may, subject to these Articles and any other sanction
                                            required by the Law, pass a Special Resolution allowing the liquidator to do either or both
                                            of the following:
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) | to
                                            divide in specie among the Members the whole or any part of the assets of the Company and,
                                            for that purpose, to value any assets and to determine how the division shall be carried
                                            out as between the Members or different classes of Members;
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | to
                                            vest the whole or any part of the assets in trustees for the benefit of Members and those
                                            liable to contribute to the winding up.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



No
obligation to accept liability



|34.2 | No
                                            Member shall be compelled to accept any assets if an obligation attaches to them.
|---- | --------------------------------------------------------------------------------------------------------------------------------



The
directors are authorised to present a winding up petition



|34.3 | The
                                            directors have the authority to present a petition for the winding up of the Company to the
                                            Grand Court of the Cayman Islands on behalf of the Company without the sanction of a resolution
                                            passed at a general meeting.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



41







|35. | Amendment
                                            of Memorandum and Articles
|--- | --------------------------------------------------------------------------------



Power
to change name or amend Memorandum



|35.1 | Subject
                                            to the Law, the Company may, by Special Resolution:
|---- | -------------------------------------------------------------------------------------------------------



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



| | (b) | change
                                            the provisions of its Memorandum with respect to its objects, powers or any other matter
                                            specified in the Memorandum.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Power
to amend these Articles



|35.2 | Subject
                                            to the Law and as provided in these Articles, the Company may, by Special Resolution, amend
                                            these Articles in whole or in part.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|36. | Mergers
                                            and Consolidations
|--- | ----------------------------------------------------------------------



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



|37. | Certain
                                            Tax Filings
|--- | ---------------------------------------------------------------



|37.1 | Each
                                            Tax Filing Authorised Person and any such other person, acting alone, as any director shall
                                            designate from time to time, are authorised to file tax forms SS-4, W-8 BEN, W-8 IMY, W-9,
                                            8832 and 2553 and such other similar tax forms as are customary to file with any US state
                                            or federal governmental authorities or foreign governmental authorities in connection with
                                            the formation, activities and/or elections of the Company and such other tax forms as may
                                            be approved from time to time by any director of the Company or any other Officer. The Company
                                            further ratifies and approves any such filing made by any Tax Filing Authorised Person or
                                            such other person prior to the date of these Articles.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|38. | Business
                                            Opportunities
|--- | ------------------------------------------------------------------



|38.1 | To
                                            the fullest extent permitted by Applicable Law, individuals serving as directors or other
                                            Officers (Management) shall have no 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 either such a member of 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, such members of 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 other Officer solely
                                            by reason of the fact that such party pursues or acquires such corporate opportunity for
                                            itself, himself or herself, directs such corporate opportunity to another person, or does
                                            not communicate information regarding such corporate opportunity to the Company, unless such
                                            opportunity is expressly offered to such member of Management solely in their capacity as
                                            such and the opportunity is one the Company is permitted to complete on a reasonable basis.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|38.2 | Except
                                            as provided elsewhere in these Articles, the Company hereby 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 both the Company and any individual serving
                                            as a member of Management, about which a director and/or other Officer of the Company who
                                            is also a member of Management acquires knowledge.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|38.3 | 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.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



42