Document:

Lease Agreement, dated December 1, 2004

 Exhibit 10.29 
  
 DEED OF LEASE 
  
 DEED made the 22nd day
of March 2004: 
  
 LANDLORD: JUSTIN PARKER Trading as J PARKER
INVESTMENT, Businessman, of Fugalei (hereinafter called “the Landlord”) of the First part; 
  
 TENANT: DATEC (SAMOA) LIMITED a company duly incorporated and having its registered office at Apia (hereinafter called “the Tenant”) of the
other part: 
  
 THE LANDLORD leases to the Tenant and the Tenant
takes on lease the premises described in the First Schedule (“the premises”) together with the right:- 
  

	 	(a)	To name the Landlord’s building “Datec Centre” 

  

	 	(b)	The common area of the property. 

  
 FOR the term from the commencement date and at the annual rent subject to review as set out in the First Schedule. 
  
 THE LANDLORD AND THE TENANT covenant as set out in the Second Schedule.

  

					
	SIGNED by JUSTIN PARKER	  	)	  	

	Trading as J PARKER INVESTMENT	  	)	  
	as Landlord in the presence of:-	  	)	  	 
			
	

	  	 	  	 
	Jerry James S Brunt	  	 	  	 
	Barrister & Solicitor	  	 	  	 
	APIA, SAMOA	  	 	  	 
			
	SIGNED by DATEC (SAMOA) LIMITED	  	)	  	 

	as Tenant by its duly authorized General Manager	  	)	  
	ROBIN ALI in the presence of:-	  	)	  
			
	

	  	 	  	 
	Jerry James S Brunt	  	 	  	 
	Barrister & Solicitor	  	 	  	 
	APIA, SAMOA	  	 	  	 
	 	  	 	  	

			
		
	 INITIAL AMOUNT OF PUBLIC RISK INSURANCE:
 (Clause 9.4)
	  	SAT$200.000 for any single claim.
		
	OTHER AGREED SPECIAL CONDITIONS:	  	 (1)    The Landlord agrees to build, install, and put in place the following at his own.
expense;
  
 (a)    Security fence around the building;
  
 (b)    Cement the entire car park area;
  
 (c)    Security lighting for the property;
  
 (d)    Nights
watchman.
  
 (e)    Grounds person

		
	 	  	 (2)    The Landlord and the Tenant agrees that the Tenant shall be the only Computer service provider company within the
Landlord’s leased building.

		
	 	  	 (3)    IT is further mutually agreed between the Landlord and the Tenant that so long as the Tenant’s lease is in
full force and operation there shall be no Night club operating from anywhere in the remainder of the Landlord’s property.

 SECOND SCHEDULE 
  
 TENANT’S PAYMENTS 
  
 Rent 
  

	1.1	THE Tenant shall pay the annual rent by payments in advance as provided in the First Schedule hereto (or as varied pursuant to any rent review) on the rent payment dates. The
first payment (together with rent calculated on a daily basis for any period from the commencement date of the term to the first rent payment date) shall be payable on the first rent payment date. All rent shall be paid without any deductions by
direct payment to the Landlord or as the Landlord may direct. 

  
 Rent Review 
  

	1.2	Rent shall be reviewed and reassess at the completion of the first five (5) year term after commencement date as above stated in the First Schedule. Any increases of rent
during the renewal period shall be as the parties shall agree or based on the escalation of values to the rate of inflation up to the date of review as published by the Central Bank of Samoa; BUT the new rent shall not be less than the annual
rent payable during the period of twelve (12) months immediately preceding the relevant review date. 

  

	1.3	THE rent review at the option of either party may be recorded in a Deed, the cost of which and the stamp duty thereon shall be payable by the Tenant.

  
 Value Added Goods and Services Tax 
  

	2.1	THE Tenant shall pay the Landlord or, as the Landlord shall direct the Valued Added Goods and Services Tax (or any tax of a similar nature that may be substituted for it or
levied in addition to it) payable by the Landlord in respect of the rental and other payments payable by the Tenant hereunder. The tax in respect of the rental shall be payable on each occasion when any rental payment falls due for payment and in
respect of any other payment shall be payable upon demand. 

  

	2.2	IF the Tenant shall make default in payment of the rental or other moneys payable hereunder and the Landlord becomes liable to pay additional Value Added Goods and Services
Tax then the Tenant shall on demand pay to the Landlord the additional tax. 

  
 Service 
  

	3.1	THE Tenant shall pay to the suppliers and indemnify the Landlord against all charges for sewerage, drainage, electricity, telephone and other utilities and rents) where a
separate supply is provided for the Premises. 

  

	3.2	IN respect of water the Tenant shall pay to the Landlord a flat rate of $40.00 per month for water usage and shall be payable on each occasion when any rental payment
falls due for payment. 

  

	3.3	(a) The landlord shall provide as part of this lease the services of a night watchman from 6:00pm to 6:00am daily for seven days per week throughout the duration
of this lease for the purposes of providing security to the building and its occupants. 

 (b) The landlord shall provided as part of this lease the services of a grounds person for the purposes
of keeping the grounds, car parks, entryway and general environment of the premises clean. 
  
 Interest on Unpaid Money 
  

	4.	IF the Tenant defaults in payment of the rent or other moneys payable hereunder for 30 days from the date the payment becomes due for payment then the Tenant shall pay on
demand interest compounded on monthly interests at the default interest rate specified in the First Schedule hereto on the moneys unpaid calculated from the due date for payment down to the date of payment and such interest shall be recoverable as
rent in arrears. 

  
 Costs 
  

	5.	THE Tenant shall pay the Landlord’s reasonable solicitor’s costs of and incidental to the negotiation preparation and completion of this Lease and any variation or
renewal or any Deed recording a rent review and the stamp duty payable, and the Landlord’s reasonable legal costs (as between solicitor and client) of and incidental to the enforcement of the Landlord’s rights remedies and powers under
this Lease. 

  
 Indemnity 
  

	6.	THE Tenant shall indemnify Landlord against all damages or loss resulting from any act or omission on the part of the Tenant or the Tenant’s employee’s contractors
or invitees. The Tenant shall recompense the Landlord for all expenses incurred by the Landlord in making good any damage to the property resulting from any such act or omission. The Tenant shall be liable to indemnify only to the extent that the
Landlord is not fully indemnified under any policy of insurance. 

  
 Bond 
  

	7.	TO pay to the Landlord a Bond equivalent to two month’s rent in the amount of SEVENTEEN THOUSAND EIGHT HUNDRED AND TWELVE TALA AND FIFTY SENE ($17,812.50)
to be held on trust by the Landlord security for any damage to the premises which is not an insured risk, accounts rendered in respect thereof and any unpaid rental upon vacating the premises which subject to any deductions as aforesaid shall be
refunded to the Tenant upon the completion of the term or any renewed term thereof. 

  
 LANDLORDS PAYMENTS 
  
 Outgoings

  

	8.	THE Landlord shall pay all outgoing in respect of the property not payable by the Tenant direct. The Landlord shall be under no obligation to minimize any liability by paying
any outgoing or tax prior to receiving payment from the Tenant. 

  
 Insurance 
  

	9.1	 THE Tenant warrants that prior to the execution of this Lease it has disclosed to the Landlord in writing any conviction, judgment, or finding of any court
or tribunal relating to the Tenant (or any director, other officer, or major 

	 	 
shareholder of the Tenant) of such a nature as to be likely to affect the decision of any insurer or underwriter to grant or to continue insurances of any of
the risks appearing in this clause. 

  

	9.2	SUBJECT to the validity of insurance cover against such risks and to the extent that and subject to such conditions as insurance cover against any such risk is generally
available, the Landlord will insure the premises and such other persons as the Landlord may reasonably require. 

  

	(a)	unless such insurance shall be vitiated by any act of the Tenant or by anyone at the premises expressly or by implication with the Tenant’s authority and,

  

	(b)	subject to such excesses exclusions or limitations as the Landlord’s insurers may require. 

  
 In such insurance office or with such underwriters and through such agency as the Landlord may from time to time decide in
such sum as the Landlord shall from time to time be advised by the Surveyor as being the full cost of rebuilding or reinstatement including architects, surveyors and other professional fees, the cost of debris removal, demolition, site clearance,
any works that may be required by statute and incidental expense. 
  

	9.3	SUCH insurance shall be against: 

  

	 	(a)	loss or damage by fire, explosion, storm, cyclone, lighting, tempest, flood, burst pipes, impact and (in peacetime) aircraft and articles dropped therefrom, riot, civil commotion
and malicious damage, and such other risks insurance against which the Landlord may from time to time deem necessary. 

  

	 	(b)	plate glass breakage or damage 

  

	 	(c)	liability of the Landlord arising out of or in connection with any matter involving or relating to the premises, and, 

  

	 	(d)	the loss of Rent and Service Charge payable under this Lease from time to time (having regard to any review of rent which may become due under this Lease) for fifteen months or such
longer period as the Landlord may from time to time reasonably consider to be sufficient for the purposes of planning and carrying out rebuilding or reinstatement. 

  

	9.4	THE Tenant shall keep current at all times during its occupation: - 

  

	 	(a)	a policy of public risk insurance applicable to the premises and the business carried on therein suitably endorsed whereby the indemnity under such policy is extended to include
claims arising out of or in connection with this Lease for any amount not less than the amount stated in the First Schedule hereto or such higher amount as the Landlord may from time to time reasonably require and; 

  

	 	(b)	 an insurance policy for the full insurable value on a replacement basis against all insure risks covering all additions to the premises carried 

	 	 
out by the Tenant and the entire Tenant’s fixtures and fittings in the premises. 

  

	 	(c)	Such policies shall where required by the Landlord be effected in the name of the Tenant and the Landlord for their respective rights and interests with a reputable insurance
company and the Tenant will if so requested by the Landlord provide the Landlord with a brokers certificate attesting to the existence and currency of such policies. 

  

	9.5	IF and whenever during the term: 

  

	 	(a)	the premises or any part of them or access to them are destroyed or damaged by an insured risk so that the premises or any part of them are unfit for occupation or use, and

  

	 	(b)	the insurance of the premises has not been vitiated by the act, neglect, default or omission of the Tenant or anyone at the premises expressly or by implication with the
Tenant’s authority. 

  
 The rent or a fair
proportion of the rent according to the nature and the extent of the damage sustained (the amount of such proportion to be determined by the Surveyor acting as an expert and not as an arbitrator) premises or the damaged part are made fit for
occupation or use or until the expiration of fifteen months from the destruction or damage whichever is the shorter. 
  

	9.6	IF and whenever during the term 

  

	 	(a)	the premises are damaged or destroyed by an insured Risk, and 

  

	 	(b)	the payment of the insurance monies is not refused in whole or in part by reason of any act or default of the Tenant or anyone at or near the premises expressly or by implication
with the Tenant’s authority. 

  
 The Landlord
will subject to clause 9.7 with all convenient speed take such steps as may be requisite and proper to obtain any planning permissions or other permits and consents that may be required under any Planning Acts or other Statute for the time being in
force to enable the Landlord to rebuild and reinstate the premises, and will as soon as these have been obtained spend and layout al monies received in respect of such insurance (except sums in respect of loss of rent) in rebuilding or reinstating
the premises so destroyed or damaged provided that the Landlord shall not be liable to rebuild or reinstate the premises if the Landlord is unable having used all reasonable endeavours to obtain all planning permissions, permits and consents
necessary to execute such rebuilding and reinstating, or if this Lease shall be frustrated or if the rebuilding or reinstating is prevented for any other reason beyond the control of the Landlord in which event the Landlord shall be entitled to
retain all the insurance monies received by the Landlord. 
  

	9.7	IF during the last fifteen (15) months of the Term the premises shall be so destroyed or damaged by an insured Risk as to be completely unfit for

	 	 
occupation and use, the Landlord may by not less than one month’s notice given to expire at any time determine this Lease (the Determination Notice) and
upon the expiry of the Determination Notice this Lease shall determine without prejudice to any rights or remedies which may then have accrued to either party against the other in respect of any breach of any of the covenants and conditions
contained in this Lease and the Landlord shall be entitled to retain the Insurance moneys received by the Landlord. 

  

	9.8	THE Tenant covenants with the Landlord: 

  

	(a)	To comply with the requirements and recommendations of the insurers. 

  

	(b)	Not to do or omit anything that could cause any policy of insurance on the premises to become void or voidable wholly or in part nor (unless the Tenant shall have previously
notified the Landlord and have agreed to pay the increased premium) anything whereby additional insurance premiums may become payable. 

  

	(c)	The Landlord shall keep and maintain the premises supplied with such fire fighting equipment as the insurers and the fire authority may require or as may reasonably require and to
maintain the same to their satisfaction. 

  

	(d)	Not to store or bring onto the premises any article, substance or liquid of a specially combustible, inflammable or explosive nature and to comply with the requirements and
recommendations of the fire authority and the reasonable requirements of the Landlord as to fire precautions relating to the premises. 

  

	(e)	Not to obstruct the access to any fire equipment or the means of escape from the premises. 

  

	(f)	To give notice to the Landlord forthwith upon the happening of any event which might affect any insurance policy relating to the premises. 

  

	(g)	If and whenever during the Term the premises or any part thereof are damaged or destroyed by an insured Risk, and the insurance money under the Policy of insurance is by reason of
any act or default of the Tenant or anyone at the premises expressly or by implication with the Tenant’s authority wholly or partially irrecoverable forthwith in every such case to at the option of the Landlord either; 

 

	 	(i)	rebuild and reinstate at its own expense the Building the premises or part destroyed or damaged to the reasonable satisfaction and under the supervision of the Surveyor the Tenant
being allowed towards the expenses of so doing upon such rebuilding and reinstatement being completed the amount (if any) actually received in respect of such destruction or damage under any such insurance as aforesaid, or 

 

	 	(ii)	pay to the Landlord on demand with interest the amount of such insurance money so irrecoverable in which event the provisions of clause 9.5 and 9.6 shall apply.

  

	(h)	Forthwith to inform the Landlord in writing of any conviction judgment or finding of any court or tribunal relating to the Tenant (or any director other 

	 	 
officer or major shareholder of the Tenant of such a nature as to be likely to affect the decision of any insurer or underwriter to grant or to continue
insurance of any of the abovementioned risks and., 

  

	(i)	If at any time the Tenant shall be entitled to the benefit of any insurance on the premises (which is not effected or maintained in pursuance of any obligation herein contained) to
apply all monies received by virtue of such insurance in making good the loss or damage in respect of which the same shall have been received. 

  

	9.9	THE Landlord covenants with the Tenant in relation to the policy of insurance effected by the Landlord pursuant to Clause 9.2, to: 

  

	 	(a)	produce to the Tenant on demand a copy of the Policy and the last premium renewal receipt reasonable evidence of the terms of the policy and the fact that the last premium has been
paid and, 

  

	 	(b)	notify the Tenant of any material change in the risks covered by the Policy from time to time. 

  
 MAINTENANCE AND CARE OF PREMISES 
  
 Tenant’s Obligations 
  

	10.1	THE Tenant shall (subject to any maintenance covenant by the Landlord) in a proper and workmanlike manner and to the reasonable requirements of the Landlord.

  

	 	(a)	Maintain the Premises 

  

	 	(i)	keep and maintain the interior of the premises including the Landlord’s fixtures and fittings in the same clean order repair and condition as they were in at the commencement
of this Lease and will at the end or earlier determination of the Term quietly yield up the same in the like clean order repair and condition. In each case the Tenant shall not be liable for fair wear and tear arising from reasonable use or damage
by fire earthquake flood storm act of God inevitable accident or any risk against which the Landlord is insured unless the insurance moneys are rendered irrecoverable in consequence of any act of default of the Tenant or the Tenant’s agents
employees contractors or invitees. 

  

	 	(ii)	not cause the common areas to become untidy or in a dirty condition and at all times keep the common areas free of deposits of materials and refuse. 

  

	 	(iii)	ensure that both sides of any windows of the premises are kept clean at all times. 

  

	 	(b)	Repair breakages 

  
 Subject to the extent that the damage is covered as an insured Risk under Clause 9.3, repair all glass breakages and breakage or damage to all doors
windows blown light globes and fittings and power points of the premises and shall keep that portion of the electrical system of the premises from the switchboard to all power outlets in good operating condition. This provision shall apply
notwithstanding any other provision in this lease. 

	 	(c)	Air-Conditions 

  
 Notwithstanding any other provision in this lease, to manage repair and regularly service the air-conditions installed upon the premises for the use of
the tenant at least once every calendar month. 
  

	 	(d)	Painting 

  
 Paint and decorate those parts of the interior of the premises, which have previously been painted and decorated when the same reasonably requires
repainting and redecoration. 
  

	 	(e)	Make good defects 

  
 Make good any damage to the property caused by improper careless or abnormal use by the Tenant or those for whom the Tenant is responsible. 
  

	10.2	WHERE the Tenant is obligated to make good damage to the property of the Landlord then the Landlord shall reimburse the Tenant for the cost of making good the damage to the
extent of any insurance money recoverable by the Landlord in respect of such damage. 

  
 Toilets 
  

	11.	THE toilet sinks and drains shall be used for their designed purpose only and no foreign substance or matter shall be deposited in them, which could damage or block
them. 

  
 Rubbish Removal 
  

	12.	THE Tenant shall regularly cause all rubbish and garbage to be removed from the premises and will keep any rubbish bins or containers in a tidy condition. The Tenant will
also at the Tenant’s own expense cause to be removed all trade waste boxes and other goods or rubbish not removable in the ordinary cause by the public or government authority. 

  
 Landlord’s Maintenance 
  

	13.	THE Landlord shall keep and maintain the building and all building services in good order and repair but the Landlord shall not be liable for any: - 

 

	(a)	repair all maintenance which the Tenant is responsible to undertake, or 

  

	(b)	want of repair or defect in respect of building services so long as the Landlord is maintaining a service maintenance contract covering the work to be done, or

  

	(c)	Repair all maintenance, which is not reasonably necessary for the Tenant’s use and enjoyment of the premises 

  

	(d)	Loss suffered by the Tenant arising from any want of repair or defect unless the Landlord shall have received notice in writing thereof from the Tenant and shall not within a
reasonable time thereafter have taken appropriate steps to remedy the same. 

  
 Notification of Defects 
  

	14.	 THE Tenant shall give to the Landlord prompt notice of any accident to or defect in the premises of which the Tenant may be aware and in particular in
relation to any pipes or fittings used in connection with the water electrical gas 

	 	 
or drainage services and the Landlord undertakes to promptly effect appropriate repairs in response to such notice. 

  
 Landlord’s rights of inspection 
  

	15.	IF default shall be made by the Tenant in the due and punctual compliance with any repair notice given pursuant to the previous clause or in the event that any repairs for
which the Tenant is responsible require to be undertaken as a matter of urgency then without prejudice to the Landlord’s other rights and remedies expressed or implied the Landlord may by the Landlord’s employees and contractors with any
necessary equipment and material at all reasonable times enter upon the premises to execute such works. Any moneys expended by the Landlord in executing such works shall be payable by the Tenant to the Landlord upon demand together.

  
 Landlord may repair 
  

	16.	IF default shall be made by the Tenant in the due and punctual compliance with any repair notice given pursuant to the previous clause or in the event that any repairs for
which the Tenant is responsible require to be undertaken as a matter of urgency then without prejudice to the Landlord’s employees and contractors with any necessary equipment and material at all reasonable times enter upon the premises to
execute such works. Any moneys expended by the Landlord in executing such works shall be payable by the Tenant to the Landlord in executing such works shall be payable by the Tenant to the Landlord upon demand together with interest thereon at the
default interest rate from the date of expenditure down to the date of payment. 

  
 Access for Repairs 
  

	17.	THE Tenant shall permit the Landlord and the Landlord’s employees and contractors at all reasonable times to enter the premises to carry out repairs to the premises or
adjacent premises and to install inspect repair renew or replace any services where the same are not the responsibility of the Tenant all such repairs inspections and work to be carried out with the least possible inconvenience to the Tenant.

  
 USE OF PREMISES 
  
 Permitted and non-permitted uses 
  

	18.1	THE Tenant shall not use the premises for any purpose other than for carrying on the business stated in the First Schedule. 

  

	18.2	THE Tenant shall not use the premises for any purpose other than the permitted use or business to which the Landlord has given its consent such consent (other than for a use
that would amount to a breach of the absolute covenant contained in paragraph 24 hereof) not to be unreasonably withheld or delayed PROVIDED that where the Landlord does give consent for a change of use under this paragraph such change of use
shall thereafter be deemed to be a permitted use. 

  

	18.3	 THE Tenant shall not stand place deposit or expose outside any part of the Premises any goods materials articles or things whatsoever for display or sale or
for any other purpose nor cause any obstruction of the Commons area. 

	18.4	THE Tenant shall not discharge into any of the pipes or plumbing serving the Premises or any other property any oil grease or other deleterious matter or substance which
might be or become a source of danger or injury to the drainage system of the Premises, or any adjoining property. 

  
 Lease of Premises only 
  

	19.	THE tenancy shall relate only to the premises and the Landlord shall at all times be entitled to use occupy and deal with the remainder of the property without reference to
the Tenant and the Tenant shall have no rights in relation thereto other than the rights of use herein provided. 

  
 Neglect of other Tenant 
  

	20.	THE Landlord shall not be responsible to the Tenant for any act of default or neglect of any other Tenant of the property. 

  
 Signage 
  

	21.	THE Tenant shall not affix paint or exhibit or permit to be affixed painted or exhibited any name sign nameplate signboard or advertisement of any description on or to the
exterior of the building or the appurtenances thereof without the prior approval in writing of the Landlord but such approval shall not be unreasonably or arbitrarily withheld in respect of signage describing the Tenant’s business. If approved
the signage shall be secured in a substantial and proper manner so as not to cause any damage to the building or any person and the Tenant shall at the end or sooner determination of the term remove the signage and make good any damage occasioned
thereby. 

  
 Additions and Alterations 
  

	22.	(1) THE Tenant shall neither make nor allow to be made any structural alterations or additions to any part of the premises without first producing to the Landlord on
every occasion plans and specifications and obtaining the written consent of the Landlord (not to be unreasonably or arbitrarily withheld) for that purpose. As a condition of such consent the Landlord may require that any work shall be supervised by
a person approved by the Landlord at the expense in all things of the Tenant. If the Landlord shall authorise any alterations or additions the Tenant will at the Tenant’s own expense if required by the Landlord at the end of term reinstate the
premises. The Tenant will promptly discharge and procure the withdrawal of any liens or charges of which notice may be given to the Tenant or the Landlord in respect of any work carried out by the Tenant. 

  
 (2) THE Tenant is however at liberty to carry out renovations,
additions and alterations to the interior area of the leased premises which they occupy that are not structural and at their own expense. 
  
 Compliance with Statutes and Regulations 
  

	23.	THE Landlord and Tenant shall observe and comply with the provisions of all statutes ordinances regulations and by laws in any way relating to or affecting the premises or
the use of the premises by the Tenant or other occupant and will also comply with the provisions of all licenses requisitions and notices issued made or given by any competent authority in respect of the premises or their use by the Tenant or other
occupant. 

 No Noxious Use 
  

	24.	THE Tenant shall not: 

  

	(a)	bring upon or store within the premises nor allow to be brought upon or stored within the premises any machinery goods or things of an offensive noxious illegal or dangerous nature,
or of such weight size or shape as is likely to cause damage to the building or any surfaced area. 

  

	(b)	use the premises or allow them to be used for any noisome noxious illegal or offensive trade or business. 

  

	(c)	allow any act or thing to be done which may be or grow to be a nuisance disturbance or annoyance to the Landlord’s other tenants of the property or any other person and in
generality the Tenant shall conduct the Tenant’s business upon the premises in a clean quiet and orderly manner free from damage nuisance disturbance or annoyance to any such persons but the carrying on by the Tenant in a reasonable manner of
the business use or any use to which the Landlord has consented shall be deemed not to be breach of this clause. 

  
 Tenant not to Void Insurance 
  

	25.	THE Tenant shall not carry on or allow upon the premises any trade or occupation or allow to be done any act or thing which 

  

	(a)	shall make void or voidable any policy of insurance on the property or 

  

	(b)	may render any increased or extra premium payable for any policy of insurance except where in circumstances in which any increased premium is payable the Tenant shall have first
obtained the consent of the insurer of the premises and the Landlord and made payment to the insurer of the amount of any such increased or extra premium as may be payable by the carrying on by the Tenant in a reasonable manner of the business use
or of any use to which the Landlord has consented shall be deeded not to be a breach of this clause. 

  
 Operating Procedure and Building Regulation 
  

	26.	THE Tenant and the Tenant’s visitors and/or customers shall at all times observe and perform any Operating Procedures and Building Regulations as may from time to time
be promulgated, varied or amended by the Landlord. 

  
 DEFAULT

  
 Re-entry 
  

	27.	THE Landlord may re-enter the premises at the time or at any time thereafter: 

  

	(a)	In case of breach by the Tenant of any covenant or agreement on the Tenant’s part therein expressed or implied which breach the Tenant has received notice from the Landlord and
has not within 30 days after receiving said notice remedied such breach nor made reasonable compensation in money to the satisfaction of the Landlord for such breach. 

	(b)	If the Tenant shall make or enter into or endeavour to make or enter into any composition assignment or other arrangement with or for the benefit of the Tenant’s creditors.

  

	(c)	In the event of the insolvency bankruptcy liquidation or appointment of a receiver of the tenant. 

  

	(d)	If the Tenant shall suffer distress or execution to issue against the Tenant’s property goods or effects under any judgment against the Tenant in any Court for a sum in excess
of fifty thousand Tala ($50,000.00). 

  
 And the term shall terminate on such re-entry but without prejudice to the rights of either party against the other. 
  

	27.1	IN the event the Tenant disputes any allegation of a breach of any of the condition of the lease and that the parties are unable to resolve any such dispute, then clause 41
of this agreement shall come into play. 

  
 Essentiality of
Payments 
  

	28.1	FAILURE to pay rent and other moneys payable hereunder on the due date shall be a breach going to the essence of the Tenant’s obligations under the Lease. The Tenant
shall compensate the Landlord and the Landlord shall be entitled to recover damages from the Tenant for such breach. Such entitlement shall subsist notwithstanding any determination of the Lease and shall be in addition to any other right or remedy,
which the Landlord may have. 

  

	28.2	THE acceptance by the Landlord of arrears of rent or other moneys shall not constitute a waiver of the essentiality of the Tenant’s continuing obligation to pay rent and
other moneys. 

  
 Repudiation 
  

	29.	THE Tenant shall compensate the Landlord and the Landlord shall be entitled to recover damages for any loss or damage suffered by reason of any acts or omissions of the
Tenant constituting a repudiation of the Lease of the Tenant’s obligations under the Lease. Such entitlement shall subsist notwithstanding any determination of the Lease and shall be in addition to any other right or remedy, which the Landlord
may have. 

  
 Removal of Tenant’s Fixtures 

 

	30.	THE Tenant not being in breach may at any time before and will if required by the Landlord at the end or earlier termination of the term remove all the Tenant’s fixtures
and fittings and make good at the Tenant’s own expense all resulting damage and if not removed within thirty (30) days of the Landlord’s request ownership of the Tenant’s fixtures and fittings passes to the Landlord.

  
 QUIET AND ENJOYMENT 
  
 Quiet and Enjoyment 
  

	31.	 THE Tenant paying the rent and performing and observing all the covenants and agreement herein expressed and implied shall quietly hold and enjoy the 

	 	 
premises throughout the term within any interruption by the Landlord or any person claiming under the Landlord. 

  
 RENEWAL THE LEASE 
  
 Tenant’s Option to Renew the Lease 
  

	32.	IF the Tenant shall during the term duly and punctually pay the rent payable hereunder and duly observe perform and keep all the covenants conditions and agreements on the
part of the Tenant herein contained or implied and shall give notice in writing to the Landlord at least Six (6) calendar months prior to the expiry of the term of this Lease of the Tenant’s desire to take a new lease of the premises the
Landlord will grant to the Tenant a new lease of the premises for a further term of Five (5) years commencing from the expiry of the said term hereby created upon the same terms and conditions as herein contained excepting this clause and the
rent which rent shall be fixed in accordance with the review procedures contained in clause 12 1.2 hereof. 

  
 ASSIGNMENT OR SUBLETTING 
  
 Assignment or Subletting 
  

	33.1	THE Tenant shall not assign charge transfer demise hold on trust for another, sublet or otherwise part with or share the possession or occupation of the whole or any part of
the premises without first obtaining the written consent of the Landlord which the Landlord shall give if the following conditions are fulfilled. 

  

	(a)	the Tenant proves to the satisfaction of the Landlord that the proposed assignee or subtenant is (or in the case of a company the shareholders of the proposed assignee or subtenant
are) respectable responsible and has the financial resources to and is sufficiently experienced and competent to carry on the Permitted Use in a proper manner and to meet the Tenant’s commitments under this Lease. 

  

	(b)	all rent and other moneys payable have been paid and there is not any subsisting breach of any of the Tenant’s covenants. 

  

	(c)	in the case of an assignment a deed of covenant in customary form approved or prepared by the Landlord is duly executed and delivered to the Landlord. 

  

	(d)	in the case of an assignment a Deed of Covenant in customary form approved or prepared by the Landlord is duly executed and delivered to the Landlord. 

  

	(e)	the Tenant pays the Landlord’s proper costs and disbursements in respect of the approval or preparation and stamping of any deed of covenant or guarantee and (if appropriated)
all fees and charges payable in respect of any reasonable enquiries made by or on behalf of the Landlord concerning any proposed assignee subtenant or guarantor. 

  

	33.2	WHERE the Landlord consents to a subletting the consent shall extend only to the subletting and notwithstanding anything contained or implied in the sublease the consent
shall not permit any subtenant to deal with the sublease in any way in which the Tenant is restrained from dealing without consent. 

	33.3	ANY assignment or subletting of the type or in the manner referred to in Section 109(2) of The Property Law Act 1952 shall be a breach of the provisions of this Lease.

  

	33.4	WHERE any Tenant is a company then any change in the legal or beneficial ownership of any of its shares or issue of new capital whereby in either case there is a change in
the effective management or control of the company is deemed to be an assignment of this Lease. 

  
 GENERAL 
  
 Holding Over

  

	34.	IF the Landlord permits the Tenant to remain in occupation of the premises after the expiration or sooner determination of the term, such occupation shall be a monthly
tenancy only terminable by one month’s written notice at the rent then payable and otherwise on the same covenants and agreements (so far as applicable to a monthly tenancy) as herein expressed or implied. 

  
 Access for Re-Letting 
  

	35.	THE Tenant will at all reasonable times during the period of three months immediately preceding expiration of the term permit intending tenants and others with written
authority from the Landlord or the Landlord’s agents at all reasonable times to view the premises. 

  
 Termination 
  

	36.	THIS lease may be terminated at any time prior to the completion of the term hereof by either party giving to the other six (6) months notice in writing of its intention
to do so and upon the expiration of the term of such notice all rent then due having first been paid and there being no existing breach of covenants expressed or implied on the part of the Tenant hereunder the Lease shall thereupon determine and the
Tenant shall, subject to the execution of a formal surrender of such Lease be at liberty to remove from the premises all effects in the nature of the tenant’s possessions chattels and fittings. 

  
 Suitability 
  

	37.	NO warranty or representation express or implied has been or is made by the Landlord that the premises are now suitable or will remain suitable or adequate for use by the
Tenant or that any use of the premises by the Tenant will comply with the by-laws or ordinances or other requirements of any authority having jurisdiction. 

  
 Waiver 
  

	38.	NO waiver or failure to act by the Landlord in respect of any breach by the Tenant shall operate as a waiver of another breach 

  
 Registration of Lease or Mortgagee’s consent 
  

	39.	THE Landlord shall not be required to do any act or thing to enable this Lease to be registered or be required to obtain the consent of any mortgages of the premises to this
Lease and the Tenant will not register a caveat in respect of the Tenant’s interest hereunder. 

 Notice 
  

	40.	SUBJECT to the provisions of the Property Law Act 1952 any notice to be given to the Landlord or the Tenant hereunder shall be deemed sufficiently served if: -

  

	(a)	sent by registered post to the addressee’s last known address in Samoa, in the case of a body corporate sent to its registered office, or if there is no last known address or
registered office, placed conspicuously on any part of the premises 

  

	(b)	by means of a facsimile machine where such facility is connected to the registered office of principal place of business of the party being served 

  
 Any notice so posted or placed shall be deemed to have been served on the
day following the posting or placing thereof. Anything served or given by the Landlord shall be valid if served on given under the hand of the General Manager or other authorized representative of the Landlord. 
  
 Dispute Resolution 
  

	41.	ALL disputes and differences between the parties shall be settled in accordance with the following provisions hereafter set out in this Clause 42. This Clause, however, shall
not prevent the Landlord suing the Tenant for arrears of rent or other moneys payable by the Tenant. 

  

	(a)	Where a dispute under this Lease arises between the Landlord and Tenant (“the Parties”), the Parties agree that they will comply with the dispute resolution provisions set
out hereunder. 

  

	(b)	Nothing contained in these dispute resolution procedures in this Lease will deny any of the Parties the right to seek injunctive relief from an appropriate Court, where failure to
obtain such relief would cause irreparable damage to the party concerned or to the building or the other Tenants thereof. Further, such dispute resolution procedures will not apply to events giving rise to the termination of this Agreement where
there is no legitimate dispute as to the interpretation of their meaning or factors giving rise to such events. 

  

	(c)	Mediation: Subject to sub-paragraph (b) above, the Parties agree to mediate any dispute or claim arising between them out of this Agreement or any resulting transaction
before resorting to arbitration or court action. Mediation fees, if any, incurred as a result shall be divided equally among the Parties involved. If any party commences an action based on a dispute or claim to which this paragraph applies without
first attempting to resolve the matter through mediation, then that party shall not be entitled to recover costs of whatever form or kind, including solicitors’ fees, even if they would otherwise be available to that party in any such action.
The mediation procedure as provided for in this paragraph shall apply notwithstanding that arbitration proceeding in accordance with paragraph (d) hereof has been commenced. 

  

	(d)	 Arbitration of Disputes: The Parties agree that any dispute or claim in law or equity arising between them out of this Lease or any resulting transaction,
which can not be settled through mediation shall be decided by neutral, 

	 	 
binding arbitration of a single arbitrator if one can be agreed upon or to two arbitrators (one to be appointed by each Party) and their umpire (appointed by
them prior to their arbitration) to be carried out in accordance with the provisions of the Arbitration Act 1976 or any then statutory provisions relating to arbitration. The arbitrator shall be a retired judge or justice, or a Solicitor with at
least 8 years of land and property law experience, mutually agreed upon by Parties unless the Parties mutually agree to a different arbitrator, who shall render an award in accordance with substantive Samoan Law. 

  
 Governing Law 
  

	42.	THIS Lease shall be governed by and construed in all respects in accordance with the laws of Samoa. 

  
 INTERPRETATION 
  
 Interpretation 
  

	43.	IN this Lease:- 

  

	(a)	“the Landlord” and “the Tenant” means where appropriate the successors and permitted assigns of the Landlord and the Tenant. 

  

	(b)	“the property” and “the building” mean the land and building(s) of the Landlord, which comprise or contain the premises. 

  

	(c)	“the common areas” means those parts of the property the use of which is necessary for the enjoyment of the premises and which is shared with other tenants and occupiers
including but not limited to any restrooms, pedestrian ways, concourses and circulation areas, staircases, car parks, service lanes or roads, and other ways in or around the building of the Landlord which are from time to time during the term
provided by the Landlord for common use by the Tenants and occupiers of its building and all persons expressly or by implication authorized by them and customers. 

  

	(d)	Whenever words appear in this lease that also appears in the First Schedule then those words shall mean and include the details supplied after them in the First Schedule.

  

	(e)	Where the context requires or admits, words importing the singular shall import the plural and vice versa and words importing the male gender shall import the female gender and vice
versa. 

  

	(f)	“Surveyor” means any person or firm appointed by or acting for the Landlord (including any employee of the Landlord) and including the person (if any) appointed by the
Landlord to collect the rents and manage the Building to perform the function of a surveyor for any purpose of this Lease. 

  

	(g)	“Insured Risk” means any risk against which the Landlord shall at the time of the damage or destruction in question have effected insurance.Constitution of Datec (PNG) Limited

 Exhibit 10.30 
  
 ANNEXURE “A” 
  
 CONSTITUTION 
 OF 
 DATEC (PNG) LIMITED 
  
  
 ERE KARIKO 
 Company Lawyer 
 Steamships Pty Limited 
 Steamships Building 
 Corner Champion
Parade & Hunter Street 
 Port Moresby 
 PO Box 1 
 Port Moresby 
 Papua New Guinea 
  
 Telephone:
3220230 
 Facsimile: 3220363 
 Reference: CONST.mb 

 CONTENTS 
  

							
	 	  	Page

	 Clause
	  	 
			
	 1.
	  	PRELIMINARY	  	1
				
	 	  	1.1	  	Definitions	  	1
	 	  	1.2	  	Interpretation	  	3
	 	  	1.3	  	Headings	  	4
	 	  	1.4	  	Mode of Consent	  	4
			
	 2.
	  	SHARES	  	5
				
	 	  	2.1	  	Control of Board	  	5
	 	  	2.2	  	Preference and redeemable preference Shares	  	5
	 	  	2.3	  	No pre-emptive rights	  	5
	 	  	2.4	  	Buy backs of Shares	  	5
	 	  	2.5	  	A and B Class Shares	  	5
	 	  	2.6	  	Pro-Rata Issues	  	6
			
	 3.
	  	CERTIFICATES	  	6
				
	 	  	3.1	  	Certificates of title	  	6
	 	  	3.2	  	Certificate for joint holders	  	6
	 	  	3.3	  	Replacement of lost certificates	  	6
	 	  	3.4	  	Replacement of worn out certificates	  	6
			
	 4.
	  	REGISTER	  	7
				
	 	  	4.1	  	Joint holders	  	7
	 	  	4.2	  	Recognition of trusts	  	7
			
	 5.
	  	CALLS ON SHARES	  	7
				
	 	  	5.1	  	Calls made by Board	  	7
	 	  	5.2	  	Terms of call	  	7
	 	  	5.3	  	Time of call	  	7
	 	  	5.4	  	Payment of call	  	7
	 	  	5.5	  	Remedies for unpaid call	  	8
	 	  	5.6	  	Joint holders’ liability	  	8
	 	  	5.7	  	Differences in terms of issue	  	8
	 	  	5.8	  	Fixed payments	  	8
	 	  	5.9	  	Payment of Money Due	  	8
	 	  	5.10	  	Waiver of Call	  	8
	 	  	5.11	  	Proof of call	  	8
	 	  	5.12	  	Prepayment of calls	  	9
			
	 6.
	  	FORFEITURE OF SHARES	  	9
				
	 	  	6.1	  	Forfeiture notice	  	9

							
	 	  	6.2	  	Forfeiture	  	10
	 	  	6.3	  	Forfeiture includes undistributed Dividends	  	10
	 	  	6.4	  	Notice of forfeiture	  	10
	 	  	6.5	  	Forfeited Shares are the property of the Company	  	10
	 	  	 6.6
	  	Cancellation of forfeiture	  	10
	 	  	6.7	  	Surrender as forfeiture	  	10
	 	  	6.8	  	Effect of forfeiture	  	10
	 	  	6.9	  	Board may waive	  	11
	 	  	6.10	  	Evidence of forfeiture	  	11
	 	  	6.11	  	Transfer of forfeited Shares	  	11
	 	  	6.12	  	Application of proceeds	  	11
	 	  	6.13	  	Title of transferee	  	11
			
	 7.
	  	LIEN	  	11
				
	 	  	7.1	  	Lien for calls	  	11
	 	  	7.2	  	Lien for Shareholder’s debts	  	12
	 	  	7.3	  	Lien on payments required to be made by the Company	  	12
	 	  	7.4	  	Extent of lien	  	12
	 	  	7.5	  	Waiver by Board	  	12
	 	  	7.6	  	Sale under lien	  	12
			
	 8.
	  	ALTERATION OF CAPITAL, SHARES AND RIGHTS	  	13
				
	 	  	8.1	  	Alteration of capital	  	13
	 	  	8.2	  	Additional rights	  	13
	 	  	8.3	  	Variation of rights	  	13
			
	 9.
	  	TRANSFER OF SHARES	  	14
				
	 	  	9.1	  	Modes of transfer	  	14
	 	  	9.2	  	Transfer by instrument	  	14
	 	  	9.3	  	Pre-emptive Rights	  	15
	 	  	9.4	  	Retention of instruments	  	15
	 	  	9.5	  	Powers of attorney	  	15
			
	 10.
	  	TRANSMISSION OF SHARES	  	15
				
	 	  	10.1	  	Transmission generally	  	15
	 	  	10.2	  	Joint holders’ transmission	  	16
			
	 11.
	  	MEETINGS OF SHAREHOLDERS	  	16
				
	 	  	11.1	  	Methods of holding meetings	  	16
	 	  	11.2	  	Annual meeting	  	17
	 	  	11.3	  	Convening of special meeting	  	17
	 	  	11.4	  	Requisition of special meeting	  	17
	 	  	11.5	  	Notice of meeting of Shareholders	  	17
	 	  	11.6	  	Contents of notice	  	17
	 	  	11.7	  	Waiver of irregularity in notice	  	17

  

 ii. 

							
	 	  	11.8	  	Omission to give notice	  	17
	 	  	11.9	  	Cancellation or postponement of special meeting	  	18
	 	  	11.10	  	Adjournment of meeting	  	18
	 	  	11.11	  	Business at adjourned meeting	  	18
	 	  	11.12	  	Notice of adjourned meeting	  	18
			
	 12.
	  	PROCEEDINGS AT MEETINGS OF SHAREHOLDERS	  	18
				
	 	  	12.1	  	Representation of Shareholders	  	18
	 	  	12.2	  	Quorum	  	18
	 	  	12.3	  	Failure of quorum	  	19
	 	  	12.4	  	Chairman	  	19
	 	  	12.5	  	Chairman absent	  	19
	 	  	12.6	  	Responsibilities of chairman	  	19
	 	  	12.7	  	Method of voting	  	20
	 	  	12.8	  	Declaration by chairman	  	20
	 	  	12.9	  	Demand for poll	  	20
	 	  	12.10	  	Time for demanding a poll	  	20
	 	  	12.11	  	Votes on a poll	  	21
	 	  	12.12	  	Authority of proxy etc on a poll	  	21
	 	  	12.13	  	Effect and withdrawal of demand for poll	  	21
	 	  	12.14	  	Conduct of poll	  	21
	 	  	12.15	  	Casting vote of Chairman	  	21
	 	  	12.16	  	Written resolutions	  	22
	 	  	12.17	  	Minutes to be kept	  	22
	 	  	12.18	  	Signed minutes	  	22
			
	 13.
	  	ENTITLEMENTS TO ATTEND AND VOTE	  	22
				
	 	  	13.1	  	Entitlement to attend	  	22
	 	  	13.2	  	Entitlement to vote	  	22
	 	  	13.3	  	Votes of joint holders	  	23
	 	  	13.4	  	Entitlement to vote by proxy etc	  	23
	 	  	13.5	  	Entitlement of proxy etc	  	23
	 	  	13.6	  	Appointment of proxy	  	23
	 	  	13.7	  	Production of proxy etc	  	23
	 	  	13.8	  	Effect of incomplete proxy form	  	24
	 	  	13.9	  	Effect of the appointment	  	24
	 	  	13.10	  	Proxy must vote as directed	  	24
	 	  	13.11	  	Corporate bodies may act by representatives	  	24
	 	  	13.12	  	Multiple appointments	  	24
	 	  	13.13	  	Presence of Shareholder	  	25
	 	  	13.14	  	Ruling on entitlements and votes	  	25
			
	 14.
	  	SHAREHOLDER PROPOSALS	  	25
				
	 	  	14.1	  	Notice to the Board	  	25
	 	  	14.2	  	Notice to Shareholders at Company’s expense	  	25
	 	  	14.3	  	Notice to Shareholders at proposing Shareholder’s expense	  	26

  

 iii. 

							
	 	 	14.4	 	Late notice	 	26
	 	 	14.5	 	Proposing Shareholder’s written statement	 	26
	 	 	14.6	 	Defamatory statements etc	 	26
	 	 	14.7	 	Deposit of costs	 	26
			
	15.	 	DIRECTORS	 	26
				
	 	 	15.1	 	Number of Directors	 	26
	 	 	15.2	 	Continuing Directors	 	27
	 	 	15.3	 	Appointment of Directors	 	27
	 	 	15.4	 	Prescribed Number of Directors	 	27
	 	 	15.5	 	Removal of Directors	 	27
	 	 	15.6	 	Casual vacancy	 	27
	 	 	15.7	 	Qualification of Directors	 	27
	 	 	15.8	 	Vacation of office	 	27
			
	16.	 	DIRECTORS’ REMUNERATION	 	28
				
	 	 	16.1	 	Fees of Non-executive Directors	 	28
	 	 	16.2	 	Additional remuneration for extra services	 	28
	 	 	16.3	 	Expenses of Directors	 	28
			
	17.	 	DIRECTORS’ MATERIAL INTERESTS AND DUTIES	 	28
				
	 	 	17.1	 	Definition of Material Interest	 	28
	 	 	17.2	 	Disclosure of Material Interest	 	28
	 	 	17.3	 	Failure to disclose Material Interest	 	29
	 	 	17.4	 	Powers of Directors with Material Interest	 	29
	 	 	17.5	 	Director may hold office of Company	 	29
	 	 	17.6	 	Application to Alternate Directors	 	29
	 	 	17.7	 	Directors may act in interests of Shareholder	 	29
	 	 	17.8	 	Directors duties - subsidiaries	 	29
			
	18.	 	ALTERNATE DIRECTORS	 	30
				
	 	 	18.1	 	Power to appoint Alternate Director	 	30
	 	 	18.2	 	Method of appointment	 	30
	 	 	18.3	 	Termination of appointment	 	30
	 	 	18.4	 	Entitlements of Alternate Director	 	30
			
	19.	 	MANAGING DIRECTOR AND OTHER EXECUTIVE DIRECTORS	 	31
				
	 	 	19.1	 	Appointment of Managing Director	 	31
	 	 	19.2	 	Termination of appointment of Managing Director	 	31
	 	 	19.3	 	Rumuneration of Executive Directors	 	31
	 	 	19.4	 	Powers of Executive Directors	 	31
			
	20.	 	POWERS OF THE BOARD	 	32
				
	 	 	20.1	 	Powers generally	 	32

  

 iv. 

							
	 	 	20.2	 	Appointment of attorney	 	32
	 	 	20.3	 	Contents of power of attorney	 	32
	 	 	20.4	 	Reservation of powers to the Company	 	32
			
	21.	 	PROCEEDINGS OF THE BOARD	 	32
				
	 	 	21.1	 	Mode of meeting	 	32
	 	 	21.2	 	Quorum	 	33
	 	 	21.3	 	Notice of meeting	 	33
	 	 	21.4	 	Place of meeting	 	33
	 	 	21.5	 	Period of notice	 	33
	 	 	21.6	 	Convening of Board meeting	 	33
	 	 	21.7	 	Appointment of Chairman	 	33
	 	 	21.8	 	Chairman of Board meetings	 	34
	 	 	21.9	 	Majority decisions	 	34
	 	 	21.10	 	Votes of Directors	 	34
	 	 	21.11	 	Exercise of powers by Board	 	34
	 	 	21.12	 	Delegation to committee	 	34
	 	 	21.13	 	Committee powers and meetings	 	35
	 	 	21.14	 	Written resolution of Directors	 	36
	 	 	21.15	 	Several documents suffice	 	36
	 	 	21.16	 	Validity of acts of Directors	 	36
	 	 	21.17	 	Other procedures	 	36
	 	 	21.18	 	Fourth Schedule not to apply	 	36
			
	22.	 	SECRETARY	 	37
				
	 	 	22.1	 	Appointment of Secretary	 	37
			
	23.	 	COMPANY ADMINISTRATION	 	37
				
	 	 	23.1	 	Minutes to be made	 	37
	 	 	23.2	 	Minutes to be entered	 	37
	 	 	23.3	 	Signature of minutes	 	37
	 	 	23.4	 	Custody of Common Seal	 	37
	 	 	23.5	 	Use of Common Seal	 	38
	 	 	23.6	 	Mode of execution by Common Seal	 	38
	 	 	23.7	 	Official Seal	 	38
	 	 	23.8	 	Authority to affix an Official Seal	 	38
	 	 	23.9	 	Effect of Official Seal	 	38
	 	 	23.10	 	Execution of bills and cheques	 	38
			
	24.	 	DIVIDENDS AND OTHER DISTRIBUTIONS	 	39
				
	 	 	24.1	 	Declaration of Dividends	 	39
	 	 	24.2	 	No interest on Dividends	 	39
	 	 	24.3	 	Obligation to distribute	 	39
	 	 	24.4	 	Payment of Dividend in specie	 	39
	 	 	24.5	 	Deductions from Dividends	 	39

  

 v. 

							
	 	 	24.6	 	Retention of Dividends	 	39
	 	 	24.7	 	Settlement of difficulties	 	39
	 	 	24.8	 	Joint holders’ entitlement to Dividend	 	40
	 	 	24.9	 	Unclaimed Dividend	 	40
			
	25.	 	NOTICES	 	40
				
	 	 	25.1	 	Service	 	40
	 	 	25.2	 	Notices to joint holders	 	40
	 	 	25.3	 	Notices when Shareholder dies	 	40
	 	 	25.4	 	Binding on others	 	41
	 	 	25.5	 	Signature of notice	 	41
	 	 	25.6	 	Certificate of Director or Secretary	 	41
			
	26.	 	INSPECTION AND SECRECY	 	41
				
	 	 	26.1	 	No right to inspect	 	41
	 	 	26.2	 	Board may permit inspection	 	41
	 	 	26.3	 	Obligation of secrecy	 	41
			
	27.	 	LIQUIDATION	 	42
				
	 	 	27.1	 	Power of Board	 	42
	 	 	27.2	 	Distribution if insufficient assets	 	42
	 	 	27.3	 	Distribution of surplus assets	 	42
			
	28.	 	MISCELLANEOUS	 	42
				
	 	 	28.1	 	Indemnity	 	42
	 	 	28.2	 	Insurance	 	43
	 	 	28.3	 	Interpretation	 	43
	 	 	28.4	 	General authorisation	 	43
	 	 	28.5	 	Acts of Class of Shareholders	 	43
		
	SCHEDULE 1	 	44
		
	SCHEDULE 2	 	47
		
	SCHEDULES	 	48
		
	SCHEDULE 4	 	50

  

 vi. 

 COMPANIES ACT 
  
 CONSTITUTION 
 OF 
  
 DATEC (PNG) LIMITED 
  

	1.	PRELIMINARY 

  

	1.1	Definitions 

  
 In this constitution, unless the context otherwise requires: 
  
 “Act” means the Companies Act 1997 as it is amended and applies to the Company from time to time; 
  
 “Alternative Director” means a person appointed as an alternative
director under clause 18.2; 
  
 “Appointor” means in
respect of an Alternative Director, the Director who appoints that Alternative Director under clause 18.2; 
  
 “Auditor” means the auditor of the Company from time to time; 
  
 “Board” means the Directors acting collectively under this constitution; 
  
 “Business Day” means a day on which banks in Papua New Guinea
generally are open for the full range of banking business; 
  
 “Chairman” means the person appointed as chairman of the Board under clause 21.7 from time to time; 
  
 “Class” means a class of ordinary Shares; 
  
 “Common Seal” means the common seal of the Company; 
  
 “Company” means the company named above whatever its name may be from time to time. 
  
 “Deputy Chairman” means the person appointed as deputy chairman of
the Board under clause 21.7 from time to time; 
  
 “Director” means a person appointed as a director for the time being of the Company (including, where appropriate, an Alternate Director): 
  

“Dividend” means any distribution to Shareholders in relation to Shares as a dividend of any property (including, without limitation, money
and shares (including bonus shares) or other securities of the Company or of any other body corporate); 

 “Executive Director” means any Managing Director and any other Director who is an employee of
the Company; 
  
 “Managing Director” means a person (if
any) appointed as a managing director of the Company under clause 19.1; 
  
 “Money Due” means, where payment in respect of a call is not made on the day specified for its payment under clause 5.4, the amount of money payable in respect of that call plus, subject to clause 5.10:

  

	 	(a)	interest on that amount at the Prescribed Rate from that day until payment is made; and 

  

	 	(b)	all costs and expenses incurred by the Company because payment was not made on that day; 

  
 “Official Seal” means the duplicate common seal referred to in clause 23.7; 
  
 “Prescribed Rate” means in respect of each clause in which that
term is used 10 per cent per annum or any other rate prescribed by the Board from time to time in respect of that clause; 
  
 “Register” means the register of Shareholders kept pursuant to the Act; 
  
 “Secretary” means a person appointed as a secretary of the Company from time to time (including any person
appointed to perform the duties of a secretary temporarily); 
  
 “Share” means a share in the capital of the Company; 
  
 “Shareholder” means a person whose name is entered in the Register as the holder of a Share; 
  
 “Shareholder’s Liability” means, in respect of a Shareholder: 
  

	 	(a)	all money due and payable by the Shareholder to the Company; and 

  

	 	(b)	all money (whether payable or not) called or payable at a fixed time in respect of Shares held by that Shareholder; and 

  
 “Voting Shareholder” means a Shareholder: 
  

	 	(a)	who is entitled to be present at a meeting of Shareholders, 

  

	 	(b)	present at the meeting in any of the ways set out in clause 12.1; and 

  

 2. 

	 	(c)	in respect of whom there is at least one item of business to be considered at the meeting on which the Shareholder is not disqualified from voting. 

  

	1.2	Interpretation 

  
 In this constitution, unless the context otherwise requires: 
  

	 	(a)	a reference to any legislation or legislative provision includes any statutory modification or re-enactment of, or legislative provision substituted for, and any subordinate
legislation or statutory instrument issued under, that legislation or legislative provision; 

  

	 	(b)	the singular includes the plural and vice versa; 

  

	 	(c)	a reference to an individual or person includes a corporate body, partnership, joint venture, association, authority, trust, state or government and vice versa;

  

	 	(d)	a reference to a person is also to the legal personal representative of that person; 

  

	 	(e)	a reference to any gender includes all genders; 

  

	 	(f)	a reference to a clause or a schedule is to a clause of or schedule to this constitution; 

  

	 	(g)	a schedule is part of this constitution; 

  

	 	(h)	a reference to any agreement or document (including this constitution) is to that agreement or document (and, where applicable, any of its provisions) as amended, novated,
supplemented or replaced from time to time; 

  

	 	(i)	an expression defined in, or given a meaning for the purposes of, the Act (except where defined, or given a meaning, in this constitution) has the same definition or meaning in this
constitution where it relates to the same matters for which it is defined, or given a meaning, in the Act; 

  

	 	(j)	a reference to a matter being written includes that matter being in any mode of representing or reproducing words, figures or symbols in written form; 

  

	 	(k)	where an expression is defined, another part of speech or grammatical form of that expression has a corresponding meaning; 

  

	 	(1)	a reference to power is also to authority and discretion; 

  

	 	(m)	where an expression is defined anywhere in this constitution it has the same meaning throughout; 

  

 3. 

	 	(n)	a reference to a particular Part, Division, section, sub-section, paragraph or sub-paragraph is a reference to a Part, Division, section, sub-section, paragraph or sub-paragraph of
the Act; 

  

	 	(o)	a reference to a Class of Shareholders is a reference to the holders for the time being of a Class, and a reference to a Class of Directors is a reference to the Directors for the
time being appointed by a particular Class of Shareholders; 

  

	 	(p)	a reference to a Class A Shareholder is a reference to a shareholder forming part of the Class of Shareholders holding A Class Shares and a reference to a Class A Director
is a reference to one of the Class of Directors appointed by the Class of Shareholders holding A Class Shares, and this provision applies (modified as required) to references to Shareholders and Directors of Classes other than Class A; and

  

	 	(q)	a reference to a matter being “with the consent of Shareholders” is to consents to that matter having been given to the Company in accordance with clause 1.4 by both:

  

	 	(i)	Shareholders holding more than one half of the issued Shares; and 

  

	 	(ii)	Shareholders holding more than one half of each Class, 

  
 at the time that the matter arises. 
  

	1.3	Headings 

  
 In this constitution headings are for convenience of reference only and do not affect interpretation. 
  

	1.4	Mode of Consent 

  
 For the purposes of clause 1.2(q), a Shareholder consents to a matter if and only if the Company receives a notice signed by the Shareholder (or the
Shareholder’s attorney): 
  

	 	(a)	which is delivered at the registered office of the Company or of which a legible copy is received there by facsimile transmission; and 

  

	 	(b)	which sets out the matter to which the Shareholder consents, 

  
 and the Company has not received a notice, similarly signed and delivered, revoking that consent. 
  

 4. 

	2.	SHARES 

  

	2.1	Control of Board 

  
 Subject to clauses 2.5 and 2.6, the Board may issue or grant options over or otherwise dispose of Shares in the Company to the persons, on the terms and
conditions, with the rights and privileges (including, without limitation, different Classes of Shares and Shares which rank equally with, or in priority to, existing Shares), and at the times that the Board determines. 
  

	2.2	Preference and redeemable preference Shares 

  
 The Company may issue any Shares as preference shares or otherwise and which are redeemable: 
  

	 	(a)	at the option of the Company; or 

  

	 	(b)	at the option of the holder of the Share; or 

  

	 	(c)	on a date determined by the Board; 

  
 for a consideration that is - 
  

	 	(d)	determined by the Board; or 

  

	 	(e)	to be calculated by reference to a formula; or 

  

	 	(f)	required to be fixed by a suitably qualified person who is not associated with or interested in the Company; 

  
 and without limiting the preceding powers the Company may issue preference
shares in accordance with terms of Schedule 1. 
  

	2.3	No pre-emptive rights 

  
 Section 45 shall not apply to the issue of Shares by the Company unless the terms of issue of any Shares otherwise provide. 
  

	2.4	Buy backs of Shares 

  
 The Company, with the consent of Shareholders, is authorised to: 
  

	 	(a)	agree to purchase or otherwise acquire any of its own Shares from one or more Shareholders; and 

  

	 	(b)	redeem any redeemable Shares. 

  

	2.5	A and B Class Shares 

  
 The capital of the Company comprises: 
  

	 	(a)	A Class ordinary Shares; and 

  

 5. 

	 	(b)	B Class ordinary Shares, 

  
 and, subject to this constitution, the A Class Shares and the B Class Shares rank equally in all respects. 
  

	2.6	Pro-Rata Issues 

  
 Notwithstanding any other provision of this constitution, the Board may not, except with the consent of Shareholders: 
  

	 	(a)	issue any voting Shares which are not ordinary Shares of a Class provided for in clause 2.5; 

  

	 	(b)	issue or grant any option over, ordinary Shares or preference shares otherwise than to Shareholders in the same proportions in which they hold ordinary Shares; or

  

	 	(c)	convert any preference share or any non-voting Share to an ordinary Share. 

  

	3.	CERTIFICATES 

  

	3.1	Certificates of title 

  
 Subject to clause 3.2 certificates of title to securities of the Company which are issued by it must be issued in accordance with the Act. 
  

	3.2	Certificate for joint holders 

  
 Where two or more persons hold any securities of the Company, the Company is only required to issue the same number of certificates as if those securities
were held by one person and delivery of a certificate so issued to any of those persons is sufficient delivery to all of them. 
  

	3.3	Replacement of lost certificates 

  
 Where a certificate is lost or destroyed, the Company may issue a duplicate certificate in accordance with the Act. 
  

	3.4	Replacement of worn out certificates 

  
 Where a certificate is defaced or worn out and is produced to the Company and the Company is paid to reasonable fee determined by the Board, the Company
may cancel that certificate and issue a new certificate in substitution. 
  

 6. 

	4.	REGISTER 

  

	4.1	Joint holders 

  
 If two or more persons are the holders of a Share, the person whose name first appears in the Register in respect of that Share is to be treated as the
sole owner of the Share in relation to all matters concerning the Company (including the giving of notice) except in relation to the transfer of the Share, right to vote, receipt of Dividends, delivery of certificates and liability for instalments
or calls. 
  

	4.2	Recognition of trusts 

  
 Except as required by law or by this constitution, the Company must treat the person whose name appears in the Register in respect of a Share as the
absolute owner of that Share and, accordingly, the Company is not bound to recognise (whether or not it has notice): 
  

	 	(a)	that a person holds any Share on trust; or 

  

	 	(b)	any equitable, contingent, future or partial interest in, or unit of, any Share. 

  

	5.	CALLS ON SHARES 

  

	5.1	Calls made by Board 

  
 The Board may in accordance with the terms of issue of a Share make calls on a Shareholder in respect of any or all of the amount unpaid on the Share held
by that Shareholder unless and to the extent that the terms of issue of the Share make that amount payable at fixed times. 
  

	5.2	Terms of call 

  
 The Board may do either or both of the following: 
  

	 	(a)	make a call payable by instalments; and 

  

	 	(b)	revoke or postpone any call. 

  

	5.3	Time of call 

  
 Each call is treated as having been made at the time the Board resolves to make the call. 
  

	5.4	Payment of call 

  
 A Shareholder subject to a call must pay the amount the subject of the call at the time and place specified in a notice given by the Company to the
Shareholder not less than 10 Business Days before the time specified for payment. 
  

 7. 

	5.5	Remedies for unpaid call 

  
 In addition to all other remedies of the Company, for as long as the amount in respect of a call in relation to a Share is due and payable and not paid,
the Shareholder: 
  

	 	(a)	has no right to receive any Dividend in respect of that Share; or 

  

	 	(b)	in relation to any Share held by the Shareholder, has no right to be counted among the quorum for, or vote, whether in person or by proxy, attorney or representative, at a meeting
of the Shareholders of the Company. 

  

	5.6	Joint holders’ liability 

  
 The joint holders of a Share are liable jointly and severally to pay any calls made in respect of the Share. 
  

	5.7	Differences in terms of issue 

  
 The Board may (but only with the consent of Shareholders), on the issue of Shares, make different arrangements with the holders of those Shares as to the
amount, and times for payment, of calls in respect of those Shares. 
  

	5.8	Fixed payments 

  
 If the terms of issue of a Share provide for any amount to be payable at a fixed time: 
  

	 	(a)	that amount is payable at that time as if a call had been duly made in respect of it under clauses 5.1 to 5.4 specifying that time as the time for payment of a call for that amount;
and 

  

	 	(b)	all the other provisions of this constitution in respect of calls apply (modified as necessary) on that basis and “call” in this constitution is to be interpreted
accordingly. 

  

	5.9	Payment of Money Due 

  
 If an amount payable in respect of a call is not paid on or before the day specified for its payment; the person from whom that amount is due must pay the
Money Due in respect of that call. 
  

	5.10	Waiver of Call 

  
 The board may (our only with the consent or Shareholders) waive the payment of all of any part of the Money Due. 
  

	5.11	Proof of call 

  
 If on the trial or hearing of an action for the recovery of the Money Due for a call it is proved that: 
  

	 	(a)	the books of the Company duly record the resolution of the Board making the call; 

  

 8. 

	 	(b)	the Shareholder sued appears in the Register as a holder of the Share in respect of which the call was made; and 

  

	 	(c)	notice of the call was given to that Shareholder in accordance with this constitution, 

  

	  	proof of those matters is sufficient and conclusive proof of the debt without it being necessary to prove any other matter (including, without limitation, the appointment of the
Directors). 

  

	5.12	Prepayment of calls 

  
 The Board may: 
  

	 	(a)	accept from a Shareholder a sum representing all or a part of any amount unpaid in respect of a Share although no part of that amount is then the subject of a call;

  

	 	(b)	authorise the payment by the Company of interest on any sum so accepted, until that sum becomes payable, at any rate not exceeding the Prescribed Rate agreed between the Board and
the Shareholder; and 

  

	 	(c)	except where otherwise agreed between the Shareholder and the Company, repay the sum or any part of it, 

  
 but payment and acceptance of that sum does not confer any right to participate in profits and must not be considered in
ascertaining the amounts of Dividend or surplus in a winding up or distribution attributable to that Share. 
  

	6.	FORFEITURE OF SHARES 

  

	6.1	Forfeiture notice 

  
 If an amount payable in respect of a call is not paid on or before the day specified for its payment, the Board may at any time until the amount
(including interest and other costs and expenses incurred by the Company by reason of the non-payment) is paid give the relevant Shareholder a notice which: 
  

	 	(a)	requires the Shareholder to pay the Money Due. 

  

	 	(b)	specifies a date (which is at least 10 Business Days after the date of the notice) by which and a place at which payment or the Money Due must be made; and 

 

	 	(c)	states that if payment is not made on or before the date and at the place specified, the Share to which the call relates is liable to be forfeited. 

  

 9. 

	6.2	Forfeiture 

  
 If the requirements of a notice given under clause 6.1 are not satisfied, the Share in respect of which the notice was given may, at any time after the
date specified in clause 6.1(b) and before the payment required by the notice has been made, be forfeited by a resolution of the Board to that effect. 
  

	6.3	Forfeiture includes undistributed Dividends 

  
 Forfeiture of a Share under clause 6.2 includes all Dividends declared in respect of the forfeited Share but not actually distributed before forfeiture.

  

	6.4	Notice of forfeiture 

  
 Where a Share is forfeited under clause 6.2, the Company must promptly give notice of the forfeiture to the Shareholder holding the Share immediately
before the resolution of the Board for its forfeiture was passed, and the Company must promptly enter the forfeiture (together with its date) in the Register. 
  

	6.5	Forfeited Shares are the property of the Company 

  
 A Share forfeited under clause 6.2 immediately becomes the property of the Company and the Board may sell, re-allot or otherwise dispose of that Share on
the terms and conditions it determines. 
  

	6.6	Cancellation of forfeiture 

  
 The Board may cancel the forfeiture of a Share under clause 6.2 on any terms and conditions it determines at any time before it disposes of that Share
under clause 6.5. 
  

	6.7	Surrender as forfeiture 

  
 Where the Board is entitled to forfeit a Share under clause 6.2, it may accept the surrender of that Share on any terms and conditions it determines and a
Share so surrendered may be disposed of in the same way as a Share forfeited under clause 6.2. 
  

	6.8	Effect of forfeiture 

  
 A person who held a Share which has been forfeited under clause 6.2 ceases to be a Shareholder in respect of the forfeited Share, but remains liable to
pay to the Company the Money Due and this liability only ceases when the Company receives payment of all the Money Due. 
  

 10. 

	6.9	Board may waive 

  
 The Board may (but only with the consent of Shareholders) elect not to enforce payment, in whole or in part, of amounts owing to the Company under clause
6.8. 
  

	6.10	Evidence of forfeiture 

  
 As against all persons claiming to be entitled to a Share, a written statement declaring that the person making the statement is a Director or Secretary
and that the Share was forfeited on a date specified in the statement in accordance with this constitution is conclusive evidence of the facts set out in the statement and of the right of the Company to dispose of the Share. 
  

	6.11	Transfer of forfeited Shares 

  
 The Company may do any thing (and execute any document) to transfer a Share forfeited under clause 6.2 to a person to whom it is sold, re-allotted or
disposed of and may receive the consideration provided for that Share and register the transferee as the holder of the Share. 
  

	6.12	Application of proceeds 

  
 The Company must: 
  

	 	(a)	apply the net proceeds of any sale, re-allotment or disposal of a Share under clause 6.5 or clause 6.7 (after payment of all costs and expenses incurred) in or towards payment or
satisfaction of the Money Due; and 

  

	 	(b)	pay any residue to the person liable referred to in clause 6.8 or as that person directs. 

  

	6.13	Title of transferee 

  
 Where a Share is transferred under clause 6.11, the title of the transferee is not affected by any irregularity or invalidity relating to the forfeiture
or the sale, re-allotment or disposal of the Share and the remedy of any person is solely in damages and only against the Company. 
  

	7.	LIEN 

  

	7.1	Lien for calls 

  
 The Company has a first and paramount lien on each Share for all money (whether presently payable or not) called or payable at a fixed time in respect of
that Share (including money payable by reason of clause 7.3). 
  

 11. 

	7.2	Lien for Shareholder’s debts 

  
 The Company has, in addition to the lien described in clause 7.1, a first and paramount lien on each Share registered in a Shareholder’s name in
respect of all money owed to the Company by the Shareholder. 
  

	7.3	Lien on payments required to be made by the Company 

  
 Where at any time the law of any jurisdiction imposes or purports to impose any immediate, future or possible liability on the Company, or empowers or
purports to empower any person to require the Company to make any payment, on account of a Shareholder or referable to a Share held by that Shareholder (whether alone or jointly) or a Dividend declared in respect of a Share held by that Shareholder,
the Company: 
  

	 	(a)	is fully indemnified by that Shareholder from that liability; 

  

	 	(b)	may recover as a debt due from the Shareholder the amount of that liability together with interest at the Prescribed Rate from the date of payment by the Company (if the payment is
made) to the date of repayment by the Shareholder; and 

  

	 	(c)	subject to compliance with section 65(4), may refuse to register a transfer of any Share by that Shareholder until the amount of that liability has been paid to the Company,

  
 and nothing in this clause in any way
prejudices or affects any right or remedy which the Company may have (including, without limitation, any right of set-off) and, as between the Company and the Shareholder, any such right or remedy is enforceable by the Company. 
  

	7.4	Extent of lien 

  
 The liens described in clauses 7.1 and 7.2 extend to all Dividends (if any) payable in respect of the Share and to the proceeds of sale of the Share.

  

	7.5	Waiver by Board 

  
 The Board may (but only with the consent of Shareholders) at any time, exempt a Share from the provisions of clauses 7.1 and 7.2 to the extent and on any
terms and conditions that it determines. 
  

	7.6	Sale under lien 

  
 Where: 
  

	 	(a)	the Company has a lien on a Share; 

  

	 	(b)	the sum in respect of which the lien exists is presently payable; 

  

 12. 

	 	(c)	the Company has given notice to the Shareholder registered in respect of the Share: 

  

	 	(i)	requiring payment of the amount which is presently payable in respect of which the lien exists; and 

  

	 	(ii)	specifying a date (which is at least 10 Business Days after the date of the notice) by which and a place at which payment of the amount must be made; and 

 

	 	(d)	the requirements of the notice given under paragraph (c) are not fulfilled, 

  
 the Company may sell the Share as if it had been forfeited under clause 6.2 and the provisions of clauses 6.5 to 6.13 apply
as if the Shareholder’s Liability were the Money Due. 
  

	8.	ALTERATION OF CAPITAL, SHARES AND RIGHTS 

  

	8.1	Alteration of capital 

  
 The Company may from time to time do any or all of the following: 
  

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

  

	 	(b)	sub-divide its Shares or any of them but so that, in the sub-division, the proportion between the amount paid and the amount (if any) unpaid on each Share of a smaller amount is the
same as it was in the case of the Share from which the Share of a smaller amount is derived. 

  

	8.2	Additional rights 

  
 Where the Company passes an ordinary resolution under either clause 8.l(a) or clause 8.1(b), the Company may also (but only with the prior consent in
writing of a majority of Shareholders, being a majority of Shareholders who hold more than one half of the ordinary Shares) by special resolution determine that, as between the Shares resulting from the consolidation, division or sub-division, one
or more of those Shares has some preference or special advantage as regards Dividends, capital, voting or otherwise over or compared with one or more others. 
  

	8.3	Variation of rights 

  
 If at any time the Shares are divided into different Classes, the rights attached co any Class of Shares (the “Subject Class”) (unless
the terms of issue of the Subject Class otherwise provide) may only be varied or abrogated with the consent of Shareholders and either: 
  

	 	(a)	the consent in writing of the holders of 75 per cent of the issued Shares of the Subject Class; or 

  

 13. 

	 	(b)	the sanction of a special resolution passed at a separate meeting of the holders of Shares of the Subject Class, 

  
 and, for the purposes of this clause, the following provisions apply:

  

	 	(c)	in relation to any separate meeting of the holders of Shares in a Class, the provisions of this constitution which relate to meetings of Shareholders apply as far as they are
capable of application and changed as necessary except that any holder of Shares of that Class present in person or by proxy, attorney or representative may demand a poll and a quorum shall be one natural person who is, or represents under clause
12.1, the holder of a Share of that Class; 

  

	 	(d)	if the Board determines, one meeting may be held of holders constituting more than one Class so long as voting at that meeting is by way or a poll, and proper arrangements are made
to distinguish between the votes of holders of Shares of each Class; and 

  

	 	(e)	the rights attached to a Class of Shares are not to be considered as varied if further Shares of that Class are issued on identical terms and in accordance with clause 2.6 except if
the terms of issue of that Class of Shares otherwise provide. 

  

	9.	TRANSFER OF SHARES 

  

	9.1	Modes of transfer 

  
 Subject to this constitution, a Shareholder may transfer all or any of the Shareholder’s Shares by instrument in writing which is in a form approved
by the Board or is in any other usual or common form. 
  

	9.2	Transfer by instrument 

  
 Where a Shareholder seeks to transfer all or any of the Shareholder’s Shares in accordance with clause 9.1, the Company may only register a transfer
of Shares where an instrument satisfying clause 9.1 is delivered to the Company and the instrument: 
  

	 	(a)	is duly stamped, if necessary; 

  

	 	(b)	is executed by the transferor and the transferee, expect where a law provides that execution by either or both transferor and transferee is not required or is deemed to be present;

  

	 	(c)	except where otherwise permitted by law, is accompanied by the certificate for the Shares the subject of the transfer together with such other evidence as the Board may require to
prove the title of the transferor or the transferor’s right to transfer the Shares; and 

  

	 	(d)	relates only to Shares of one Class. 

  

 14. 

	9.3	Pre-emptive Rights 

  
 Schedule 4 has effect in respect of Shares to govern all dealings and transactions in and in relation to them and the continued holding of them and the
Board: 
  

	 	(a)	must register any transfer of Shares created under clause 20 of schedule 4, or arising under a transaction permitted by clause 4 of schedule 4 or in accordance with clause 23 of
schedule 4; and 

  

	 	(b)	otherwise may in its reasonable discretion decline to register a transfer of Shares to a person of whom it does not approve. 

  

	9.4	Retention of instruments 

  
 On an instrument of transfer or a purported instrument of transfer being delivered to the Company, property to and title in that instrument (but not the
Shares the subject of it) pass to the Company which is entitled as against all persons to the possession of the instrument. 
  

	9.5	Powers of attorney 

  
 Where a power of attorney granted by a Shareholder is lodged with, or produced or exhibited to, the Company and that power of attorney confers power on
the attorney to transfer any or all of the Shareholder’s Shares, the Company is entitled to assume, as against the Shareholder, that the power remains in full force and effect and may be relied on by the Company until the Company receives
express notice in writing at its registered office of either: 
  

	 	(a)	the revocation of the power of attorney; or 

  

	 	(b)	the death of the Shareholder. 

  

	10.	TRANSMISSION OF SHARES 

  

	10.1	Transmission generally 

  
 Except to the extent provided in clause 10.2, and subject to sections 73 and 74 of the Act, if a Shareholder either dies or becomes bankrupt: 

 

	 	(a)	the only person that the Company may recognise as having any title to or interest in a Share held by that Shareholder is where the Shareholder dies, the personal
representative or, where the Shareholder becomes bankrupt, the trustee of the Shareholder’s estate in bankruptcy (in either case, the “representative”); 

  

 15. 

	 	(b)	if the representative produces the evidence required from time to time by the Board, the representative may elect to be, or to have a person nominated by the representative,
registered as the holder of the Share; 

  

	 	(c)	if the representative elects to be registered as the holder of the Share, the representative must give to the Company a notice in writing signed by the representative stating that
election; 

  

	 	(d)	if the representative elects to have a person nominated by the representative registered as the holder of the Share, the representative must indicate that election by executing and
giving to the Company an instrument of transfer of the Share to that person; 

  

	 	(e)	the provisions of this constitution concerning the right to transfer a Share and the registration of the transfer of the Share apply to a Share (including, without limitation,
clause 9.3 and schedule 4) the subject of a notice given under clause 10.1(c) and an instrument given under clause 10.1(d) as if the Shareholder had not died or become bankrupt and the notice or instrument were a Proposed Dealing Notice complying
with clause 5 of schedule 4 signed by the Shareholder; and 

  

	 	(f)	the representative is entitled to the same Dividends and other advantages and rights as the Shareholder would have been entitled to if the Shareholder had not died or become
bankrupt. 

  

	10.2	Joint holders’ transmission 

  
 If a Shareholder who holds a Share jointly with another Shareholder dies: 
  

	 	(a)	the only person that the Company may recognise as having any title to or interest in the Share is the surviving joint holder; 

  

	 	(b)	if the surviving joint holder produces the evidence required from time to time by the Board of the death of the Shareholder, the Board must direct the Register to be altered
accordingly; and 

  

	 	(c)	the surviving joint holder is entitled to the same Dividends and other advantages and rights as the deceased Shareholder would have been entitled to if the deceased Shareholder had
not died. 

  

	11.	MEETINGS OF SHAREHOLDERS 

  

	11.1	Methods of holding meetings 

  
 A meeting of Shareholders may be held either - 
  

	 	(a)	by a number of Shareholders, who constitute a quorum, being assembled together at the place, date, and time appointed for the meeting; or 

  

 16. 

	 	(b)	if determined by the Board, by means of audio, or audio and visual, communication by which all Shareholders participating and constituting a quorum, can simultaneously hear each
other throughout the meeting. 

  

	11.2	Annual meeting 

  
 Except as provided by the Act, the Company must, in addition to any other meeting held by it, hold an annual meeting in accordance with the Act.

  

	11.3	Convening of special meeting 

  
 The Board may convene a special meeting of the Company at any time. 
  

	11.4	Requisition of special meeting 

  
 Shareholders may requisition the holding of a special meeting as provided by section 102(b). 
  

	11.5	Notice of meeting of Shareholders 

  
 Written notice of the date, time and place of a meeting of Shareholders shall be sent to every Shareholder entitled to receive notice of the meeting and
to every Director and an Auditor of the Company not less than 14 days before the meeting. 
  

	11.6	Contents of notice 

  
 The notice shall: 
  

	 	(a)	state the nature of the business to be transacted at the meeting in sufficient detail to enable a Shareholder to form a reasoned judgment in relation to it; and

  

	 	(b)	include the text of any special resolution to be submitted to the meeting. 

  

	11.7	Waiver of irregularity in notice 

  
 An irregularity in a notice of a meeting is waived where all the Shareholders entitled to attend and vote at the meeting attend the meeting without
protest as to the irregularity, or where all such Shareholders agree to the waiver. 
  

	11.8	Omission to give notice 

  
 The accidental omission to give notice of a meeting to, or the failure to receive notice of a meeting by, a Shareholder does not invalidate the
proceedings at that meeting. 
  

 17. 

	11.9	Cancellation or postponement of special meeting 

  
 Where notice of a special meeting of Shareholders has been given, the Board may by notice given to all persons entitled to be given notice of the meeting,
postpone or cancel the meeting. 
  

	11.10	Adjournment of meeting 

  
 The chairman of a meeting of Shareholders at which a quorum is present: 
  

	 	(a)	may with the consent of the meeting by ordinary resolution; and 

  

	 	(b)	must, if so directed by the meeting by ordinary resolution, 

	 	adjourn	the meeting from time to time and from place to place. 

  

	11.11	Business at adjourned meeting 

  
 The only business which an adjourned meeting of Shareholders may deal with is business which was left unfinished from the meeting which was adjourned.

  

	11.12	Notice of adjourned meeting 

  
 Where a meeting of Shareholders is adjourned for less than one month, it is not necessary to give notice of the time and place of the adjourned meeting
other than by announcement at the meeting which is adjourned. 
  

	12.	PROCEEDINGS AT MEETINGS OF SHAREHOLDERS 

  

	12.1	Representation of Shareholders 

  
 A Shareholder may attend a meeting of Shareholders at which the Shareholder is entitled to be present in any of the following ways (if applicable to the
Shareholder): 
  

	 	(a)	in person; 

  

	 	(b)	by proxy; 

  

	 	(c)	by attorney; or 

  

	 	(d)	in the case of a Shareholder which is a body corporate, by a representative appointed in respect of the meeting under clause 13.11. 

  

	12.2	Quorum 

  
 Subject to clause 12.3 no business may be transacted at a meeting of Shareholders unless there is present for that business a quorum of two natural
persons: 
  

	 	(a)	at least one of whom is or represents under clauses 12.1(b), (c) or (d) a Class A Shareholder; and 

  

 18. 

	 	(b)	at least one of whom is or represents under clauses 12.1(b), (c) or (d) a Class B Shareholder. 

  

	12.3	Failure of quorum 

  
 Where a quorum is not present within 30 minutes after the time appointed for the meeting - 
  

	 	(a)	in the case of a meeting called under Section 102(b) and clause 11.4 the meeting is dissolved; and 

  

	 	(b)	in the case or any other meeting, the meeting is adjourned to the same day in the following week at the same time and place, or to such other date, time, and place as the Directors
may appoint, and, where, at the adjourned meeting, a quorum is not present within 30 minutes after the time appointed for the meeting, the meeting is dissolved. 

  

	12.4	Chairman 

  
 The Chairman (if any) is or, if the Chairman is absent or is unwilling or unable to be the chairman of a meeting of Shareholders, the Deputy Chairman (if
any) is, if willing and able, to be the chairman of any meeting of Shareholders. 
  

	12.5	Chairman absent 

  
 Where a meeting of Shareholders is held and: 
  

	 	(a)	the Chairman and the Deputy Chairman of the Board have not been appointed; or 

  

	 	(b)	the Chairman and the Deputy Chairman of the Board are not present within 15 minutes after the time appointed for the holding of the meeting or being present, are unwilling or unable
to act, 

  
 the Class A Shareholders present
must appoint the chairman of the meeting. 
  

	12.6	Responsibilities of chairman 

  
 The chairman of a meeting of Shareholders: 
  

	 	(a)	shall allow a reasonable opportunity for Shareholders of the meeting to question, discuss and comment on the management of the Company as required by section 90(1); and

  

	 	(b)	subject to paragraph (a) of this clause and Schedule 2(12) of the Act, is responsible for the general conduct of the meeting and to ascertain the sense of the meeting
concerning the business transacted at it and for these purposes may, without limitation: 

  

	 	(i)	prescribe procedures and make rulings, in each case finally and conclusively; 

  

 19. 

	 	(ii)	in addition to other powers to adjourn, adjourn the meeting or any item of business of the meeting without the concurrence of the meeting if the chairman determines it is desirable
for the orderly conduct of the meeting or the conduct of a poll; and 

  

	 	(iii)	determine conclusively any dispute concerning the admission, validity or rejection of a vote. 

  

	12.7	Method of voting 

  
 In the case of a meeting of Shareholders held under clause 11.1(a) unless a poll is demanded, voting at the meeting shall be by whichever of the following
methods is determined by the chairman of the meeting: 
  

	 	(a)	voting by voice; or 

  

	 	(b)	voting by show of hands, 

  
 and in the case of a meeting of Shareholders held under clause 11.1(b) unless a poll is demanded, voting at the meeting shall be by the Shareholders
signifying individually their assent or dissent by voice. 
  

	12.8	Declaration by chairman 

  
 A declaration by the chairman of the meeting that a resolution is carried by the requisite majority is conclusive evidence of that fact unless a poll is
demanded in accordance with clause 12.9. 
  

	12.9	Demand for poll 

  
 At a meeting of Shareholders a poll may be demanded by - 
  

	 	(a)	not less than five Shareholders having the right to vote at the meeting; or 

  

	 	(b)	a Shareholder or Shareholders representing not less than 10% of the total voting rights of all Shareholders having the right to vote at the meeting; or 

  

	 	(c)	by a Shareholder or Shareholders holding Shares in the Company that confer a right to vote at the meeting and on which the aggregate amount paid up is not less than 10% of the total
amount paid up on all Shares that confer that right. 

  

 20. 

	12.10	Time for demanding a poll 

  
 A poll may be demanded either before or after the vote is taken on a resolution. 
  

	12.11	Votes on a poll 

  
 Where a poll is taken, votes shall be counted according to the votes attached to the Shares of each Shareholder present in person or by proxy, attorney or
representative and voting. 
  

	12.12	Authority of proxy etc on a poll 

  
 The instrument appointing a proxy, attorney or representative to vote at a meeting of the Company confers authority to demand or join in demanding a poll
and a demand by a person as proxy, attorney or representative for a Shareholder has the same effect as a demand by the Shareholder. 
  

	12.13	Effect and withdrawal of demand for poll 

  
 The demand for a poll: 
  

	 	(a)	does not prevent the continuance of a meeting of Shareholders for the transaction of any business except in respect of the resolution for which the poll is demanded; and

  

	 	(b)	may be withdrawn. 

  

	12.14	Conduct of poll 

  
 If a poll is properly demanded for the voting on a resolution: 
  

	 	(a)	if the resolution is for the adjournment of the meeting of Shareholders, the poll must be taken immediately at the place and in the manner that the chairman of the meeting
determines and declares to the meeting; 

  

	 	(b)	in all other cases, the poll must be taken at the time and place and in the manner that the chairman of the meeting of Shareholders determines and declares to the meeting; and

  

	 	(c)	the result of the poll, as disclosed by the chairman of the meeting of Shareholders at which the result is declared, is a resolution of the meeting at which the poll is demanded.

  

	12.15	Resolutions determined by majority 

  

	 	(a)	Both on a snow of hands and on a poll, an ordinary resolution is passed if (and only if) both: 

  

	 	(i)	the proportion that the number of votes cast in favour of that resolution bears to the total number of votes cast on the resolution is greater than one half; and

  

	 	(ii)	more than one half of the Classes vote in favour of that resolution, 

  

 21. 

 and for the purpose of paragraph (b), a Class votes in favour of a resolution if, and only if, the
proportion that the number of votes cast in favour of that resolution cast in respect of Shares of that Class by Shareholders holding those Shares bears to the total number of votes cast on the resolution by all those Shareholders in respect of
those Shares is greater than one half. 
  

	 	(b)	Under no circumstances does a chairman of a meeting of Shareholders have a casting vote. 

  

	12.16	Written resolutions 

  
 For the purposes of section 103, two or more documents in identical terms, each signed by one or more Shareholders (or such Shareholders’ attorneys
or representatives, as the case may be) are to be treated as one document provided that: 
  

	 	(a)	each document is delivered to the registered office of the Company or a legible copy of it is received there by facsimile transmission; and 

  

	 	(b)	where more than one Shareholder, representative or attorney signs the document the date of execution of the document by each Shareholder, attorney or representative is set out,

  
 and the date of the resolution is the last date
of execution of any of those documents by a shareholder or its attorney or representative. 
  

	12.17	Minutes to be kept 

  
 The Board shall ensure that minutes are kept of all proceedings at meetings of Shareholders. 
  

	12.18	Signed minutes 

  
 Minutes which have been signed correct by the Chairman of the meeting are prima facie evidence of the proceedings. 
  

	13.	ENTITLEMENTS TO ATTEND AND VOTE 

  

	13.1	Entitlement to attend 

  
 Subject to this constitution (including, without limitation, clauses 5.5 and any terms of issue of any Share, each Shareholder and each Director is
entitled to notice of each meeting and to be present and to speak at that meeting. 
  

	13.2	Entitlement to vote 

  
 Subject to this constitution (including, without limitation, clauses 5.5 and 12.15) and the terms of issue of any Share issued after the date of adoption
of this constitution, on a show of hands or on a poll, and notwithstanding that the Shareholders may hold unequal numbers of Shares, the A Class Shareholder and the B Class Shareholder have an equal number of votes. 
  

 22. 

	13.3	Votes of joint holders 

  
 Where two or more persons are registered as the holder of a share, the vote of the person named first in the Register and voting on a matter shall be
accepted to the exclusion of the votes of the other joint holders. 
  

	13.4	Entitlement to vote by proxy etc 

  
 A Shareholder may exercise the right to vote either by being present in person or by proxy, attorney or representative. 
  

	13.5	Entitlement of proxy etc 

  
 A proxy, attorney or representative for a Shareholder is entitled to attend and be heard at a meeting of Shareholders as if the proxy, attorney or
representative was the Shareholder. 
  

	13.6	Appointment of proxy 

  
 A proxy shall be appointed by notice in writing signed by the Shareholder, the notice shall state whether the appointment is for a particular meeting or a
specified term not exceeding one year and the notice may be in the form of Schedule 2. 
  

	13.7	Production of proxy etc 

  
 Any appointment of a proxy, attorney or representative is effective in respect of a particular meeting of Shareholders if, and only if, the following
instruments are actually received (which includes receipt of a copy of those instruments by legible facsimile transmission) by the Company at its address for service or registered office (or another place notified by the Board) at least 48 hours
before the time notified for that meeting: 
  

	 	(a)	in the case of a proxy, the instrument of proxy and, if it is executed by an attorney, the relevant power of attorney or an office copy or notarially certified copy of the power of
attorney; 

  

	 	(b)	in the case of an attorney, the power of attorney or an office copy or notarially certified copy of the power of attorney; and 

  

	 	(c)	in the case of a representative of a body corporate, an instrument of appointment executed under the common seal of the body corporate and, if it is executed by an attorney, the
relevant power of attorney or an office copy or notarially certified copy of the power of attorney executed under the common seal of the body corporate, or other evidence satisfactory to the Board. 

  

 23. 

	13.8	Effect of incomplete proxy form 

  
 An instrument of proxy is not invalid or ineffective merely if any or all of the following applies: 
  

	 	(a)	it does not contain the address of the Shareholder giving it; 

  

	 	(b)	it does not contain the address of the person appointed by it; 

  

	 	(c)	it is not dated; and 

  

	 	(d)	it does not contain a direction to the appointee as to how to vote on any or all items of business. 

  

	13.9	Effect of the appointment 

  
 An instrument of proxy which is valid and effective except that it does not specify an appointee in respect of any of the Shares of the relevant
Shareholder is to be treated as validly appointing the chairman of the meeting of Shareholders to which it relates in respect of all of the Shares of that Shareholder. 
  

	13.10	Proxy must vote as directed 

  
 Where a Shareholder in a valid instrument of proxy directs the appointee to vote in a specified way in respect of a particular item of business at the
relevant meeting of Shareholders: 
  

	 	(a)	the appointee must cast or abstain from casting (as the case may be) a vote on that item of business; and 

  

	 	(b)	the appointee must, on a poll, cast the votes as to which a direction is given by the instrument of proxy in accordance with that direction, 

  
 but, if in respect of any vote in respect of that item of business, the
Shareholder does not on the instrument of proxy indicate how the appointee is to cast that vote, the appointee may cast, or abstain from casting, that vote as the appointee determines. 
  

	13.11	Corporate bodies may act by representatives 

  
 A body corporate which is a Shareholder may appoint a representative to attend a meeting of Shareholders on its behalf in the same manner as that in which
it could appoint a proxy. 
  

	13.12	Multiple appointments 

  
 Where the Company has received an instrument of proxy in respect of a Share from a Shareholder the appointment made by that instrument is and remains
valid and effective, except that where the Company subsequently receives: 
  

	 	(a)	a power of attorney or office copy or notarially certified copy of a power of attorney entitling the attorney to attend and vote at the meeting, the appointment is revoked;

  

 24. 

	 	(b)	intimation in writing either of the revocation of the appointment under the instrument of proxy or of the death of the Shareholder, the appointment is revoked; and

  

	 	(c)	another instrument of proxy from the Shareholder in respect of that Share, the instrument of proxy bearing the later date (or if the instruments bear the same date, the instrument
later received by the Company) is an intimation in writing of the revocation of the appointment under the other instrument. 

  

	13.13	Presence of Shareholder 

  
 If a Shareholder is present in person at a meeting of Shareholders and a person appointed by that Shareholder as proxy or attorney is also present at that
meeting, that person may not exercise the rights conferred by the instrument of proxy or power of attorney while the Shareholder is present. 
  

	13.14	Ruling on entitlements and votes 

  
 An objection may be raised with the chairman of a meeting of Shareholders as to the qualification of a purported voter or the admission or rejection of a
vote by any person present and entitled (or claiming to be entitled) to vote but that objection may be made only at the meeting of Shareholders or adjourned meeting at which the purported voter wishes to vote or the vote objected to is given or
tendered and, in relation to that objection: 
  

	 	(a)	the decision of the chairman is final and conclusive; and 

  

	 	(b)	a vote not disallowed as a result is valid and effective for all purposes. 

  

	14.	SHAREHOLDER PROPOSALS 

  

	14.1	Notice to the Board 

  
 A Shareholder may give written notice to the Board of a matter the Shareholder proposes to raise for discussion or resolution at the next meeting of
Shareholders at which the Shareholder is entitled to vote. 
  

	14.2	Notice to Shareholders at Company’s expense 

  
 Where the notice is received by the Board not less than one month before the last day on which notice of the relevant meeting of Shareholders is required
to be given by the Board, the Board shall, at the expense of the Company, give notice of the Shareholder proposal and the text of any proposed resolution to all Shareholders entitled to receive notice of the meeting. 
  

 25. 

	14.3	Notice to Shareholders at proposing Shareholder’s expense 

  
 Where the notice is received by the Board not less than seven days and not more than one month before the last day on which notice of the relevant meeting
of Shareholders is required to be given by the Board, the Board shall, at the expense of the Shareholder, give notice of the Shareholder proposal and the text of any proposed resolution to all Shareholders entitled to receive notice of the meeting.

  

	14.4	Late notice 

  
 Where the notice is received by the Board less than seven days before the last day on which notice of the relevant meeting of Shareholders is required to
be given by the Board, the Board may, if practicable, and at the expense of the Shareholder, give notice or the Shareholder proposal and the text of any proposed resolution to all Shareholders entitled to receive notice of the meeting. 

 

	14.5	Proposing Shareholder’s written statement 

  
 Where the Directors intend that Shareholders may vote on the proposal by proxy, they shall give the proposing Shareholder the right to include in or with
the notice given by the Board a statement of not more than 1,000 words prepared by the proposing Shareholder in support of the proposal, together with the name and address of the proposing Shareholder. 
  

	14.6	Defamatory statements etc 

  
 The Board is not required to include in or with the notice given by the Board a statement prepared by a Shareholder which the Directors consider to be
defamatory, frivolous, or vexatious. 
  

	14.7	Deposit of costs 

  
 Where the costs of giving notice of the Shareholder proposal and the text of any proposed resolution are required to be met by the proposing Shareholder,
the proposing Shareholder shall, on giving notice to the Board, deposit with the Company or tender to the Company a sum sufficient to meet those costs. 
  

	15.	DIRECTORS 

  

	15.1	Number of Directors 

  
 Until the Shareholders otherwise determine by ordinary resolution the number of the Directors (excluding Alternate Directors) must be not less than two
nor more than six. 
  

 26. 

	15.2	Continuing Directors 

  
 The Directors holding office at the date of adoption of this constitution continue in office subject to this constitution. 
  

	15.3	Appointment of Directors 

  
 Each Class of Shareholders has the right by notice in writing to the Company to appoint the Prescribed Number of Directors as determined by clause 15.4.

  

	15.4	Prescribed Number of Directors 

  
 The Prescribed Number of Directors at any time is the number obtained by dividing the maximum number of Directors specified in or pursuant to clause 15.1
by the number of Classes on issue at that time, or, if that is not a whole number, the next lowest whole number. 
  

	15.5	Removal of Directors 

  
 Each Class of Shareholders has the right to remove any of the corresponding Class of Directors in the same way as such Directors can be appointed under
clause 15.3. 
  

	15.6	Casual vacancy 

  
 If at any time a casual vacancy occurs on the Board, the Director whose office is vacated may be replaced by the Class of Shareholders who appointed the
Director, and not in any other way. 
  

	15.7	Qualification of Directors 

  
 A Director need not be a Shareholder. 
  

	15.3	Vacation of office 

  
 The office of a Director automatically becomes vacant if the Director: 
  

	 	(a)	becomes a bankrupt; 

  

	 	(b)	is not permitted by the Act (or an order made under the Act) to be a Director; 

  

	 	(c)	becomes of unsound mind; 

  

	 	(d)	is removed as a Director under the Act of this constitution; 

  

	 	(e)	either personally or by an Alternate Director fails to attend Board meetings for a continuous period of six months without leave of absence from the Board; or

  

	 	(f)	resigns by notice in writing in accordance with the Act. 

  

 27. 

	16.	DIRECTORS’ REMUNERATION 

  

	16.1	Fees of Non-executive Directors 

  
 The fees of the Directors (excluding any Executive Directors): 
  

	 	(a)	may not in any period of 12 months starting at the end of a financial year of the Company (a “year”) exceed in aggregate the amount last fixed before the end of
that year for those fees by ordinary resolution; 

  

	 	(b)	are to be allocated to those Directors as determined by the Board (including those Directors), or, if there is no such determination in any year, equally between them; and

  

	 	(c)	accrue from day to day. 

  

	16.2	Additional remuneration for extra services 

  
 If a Director having been requested to do so by the Board, either performs extra services or makes any special exertions for the Company (including,
without limitation, going or living abroad), the Company may remunerate that Director by the payment of a fixed sum determined by the Board and that remuneration may be either in addition to or in substitution for any remuneration to which that
Director may be entitled under clause 16.1. 
  

	16.3	Expenses of Directors 

  
 The Company must pay a Director (in addition to any other remuneration) all reasonable expenses including, without limitation, any travelling and
accommodation expenses incurred by the Director: 
  

	 	(a)	in attending meetings of the Board or a committee of the Board; 

  

	 	(b)	on the business of the Company; or 

  

	 	(c)	in carrying out that Director’s duties as a Director. 

  

	17.	DIRECTORS’ MATERIAL INTERESTS AND DUTIES 

  

	17.1	Definition of Material Interest 

  
 “Material Interest” means for the purposes of this clause 17, in relation to a Director, but subject to clause 17.6, any interest (other than an
interest in relation to which the Act provides that a director is not, or is not to be taken to be, interested including, without limitation, an interest to which section 117(2) applies) which would result in the Director being
“interested” for the purposes of section 117(1) of the Act. 
  

	17.2	Disclosure of Material Interest 

  
 Where a Director has a Material Interest the Director shall comply with section 118 by causing an entry to be made in the interests register. 

 

 28. 

	17.3	Failure to disclose Material Interest 

  
 Where a Director with a Material Interest: 
  

	 	(a)	does not comply with section 118; and 

  

	 	(b)	exercises any of the powers referred to in section 122, 

  
 the Director is in breach of his duty to the Company. 
  

	17.4	Powers of Directors with Material Interest 

  
 A Director with a Material Interest may do any of the things and exercise all or any of the powers provided for in section 122. 
  

	17.5	Director may hold office of Company 

  
 Subject to clause 20.4, the Company may appoint a Director: 
  

	 	(a)	to hold any office in, or place of profit in respect of, the Company (except that of Auditor) on terms determined by the Board; or 

  

	 	(b)	alone or by a firm of which the Director is a member, to act in any professional capacity and the Director or that firm may be remunerated for so acting as if the Director were not
a Director. 

  

	17.6	Application to Alternate Directors 

  
 The provisions of this clause 17 apply to the Material Interests of an Alternate Director, but an Alternate Director does not have a Material Interest
solely by reason of the fact that the Director who has appointed the Alternate Director has a Material Interest and vice versa. 
  

	17.7	Directors may act in interests of Shareholder 

  
 The Shareholders acknowledge that the Company has been incorporated to carry out a joint venture between the Shareholders and each Director may, when
exercising powers or performing duties as a Director in connection with the carrying out of the joint venture, act in a manner which the Director believes is in the best interests of a Shareholder or Shareholders even though it may not be in the
best interests of the Company. 
  

	17.8	Directors duties - subsidiaries 

  
 Where: 
  

	 	(a)	the Company is a subsidiary, but not a wholly owned subsidiary, of another company; and 

  

	 	(b)	the Shareholders, other than the holding company, have given their prior agreement, 

  

 29. 

	  	each Director may, when exercising powers or duties as a Director, act in a manner which the Director believes is in the best interests of the Company’s holding company or
another company within the same group of companies even though it may not be in the best interests of the Company. 

  

	18.	ALTERNATE DIRECTORS 

  

	18.1	Power to appoint Alternate Director 

  

	  	A Director (but not an Alternate Director) may from time to time in accordance with the procedures set out in clause 18.2 appoint any person eligible to be a Director to be the
Alternate Director of the Appointor whether for a specified period or until the appointment is revoked. 

  

	18.2	Method of appointment 

  

	  	An Alternate Director is appointed as such where: 

  

	 	(a)	the Appointor gives notice in writing (including, without limitation, by facsimile transmission) to the Company in the form of schedule 3 or in any other form that the Board may
from time to time prescribe or accept; and 

  

	 	(b)	the Board (excluding the Appointor from voting) approves the person specified to be the Alternate Director of the Appointor. 

  

	18.3	Termination of appointment 

  

	  	The Appointor, at any time and regardless of whether the appointment is for a specified period, may revoke the appointment of a person as the Appointor’s Alternate Director by
notice in writing (including, without limitation, by facsimile transmission) to the Company to that effect and the appointment is automatically revoked if the Appointor ceases to be a Director. 

  

	18.4	Entitlements of Alternate Director 

  

	  	An Alternate Director by reason of being appointed as such: 

  

	 	(a)	is not entitled to receive notice of meetings of the Board unless the Appointor has by notice in writing (including, without limitation, by facsimile transmission) to the Company
required it to do so; 

  

	 	(b)	if the Appointor is not present at a meeting of the Board, may attend and vote at that meeting in place of the Appointor; 

  

	 	(c)	if also a Director, may vote both as a Director and as an Alternate Director; 

  

 30. 

	 	(d)	and when acting as such, is an officer of the Company and not an agent of the Appointor and, in those circumstances, is subject to all the duties and has all the powers and rights
of the Appointor as a Director; and 

  

	 	(e)	may not be remunerated except out of the remuneration which would otherwise be available to be paid to the Appointor and, in respect of that remuneration, the Alternate
Director’s only rights (if any) are against the Appointor and not the Company. 

  

	19.	MANAGING DIRECTOR AND OTHER EXECUTIVE DIRECTORS 

  

	19.1	Appointment of Managing Director 

  

	  	The Board may from time to time appoint one or more of the Directors to be a Managing Director either for a fixed term (but not for life) or without fixing a term and on any terms
and conditions that it determines. 

  

	19.2	Termination of appointment of Managing Director 

  

	  	The appointment of the Managing Director terminates if: 

  

	 	(a)	the Managing Director ceases for any reason to be a Director; or 

  

	 	(b)	the Board revokes the appointment (which this paragraph empowers it to do). 

  

	19.3	Remuneration of Executive Directors 

  

	  	The Board may fix the remuneration of each Executive Director and that remuneration may comprise any or all of: 

  

	 	(a)	salary; 

  

	 	(b)	commission on profits or Dividends; or 

  

	 	(c)	participation in profits. 

  

	19.4	Powers of Executive Directors 

  

	  	Subject to the Act, and in particular section 111, the Board may, by resolution passed with no Class of Directors voting against it, from time to time and upon any terms and
conditions and subject to any restrictions that it considers appropriate: 

  

	 	(a)	Under on an Executive Director any or all of the powers of the Board (which powers may be conferred so as to be concurrent with, but not to the exclusion of, the powers of the
Board); and 

  

	 	(b)	withdraw or alter any of those powers. 

  

 31. 

	20.	POWERS OF THE BOARD 

  

	20.1	Powers generally 

  

	  	Except as otherwise required by the Act, in particular section 110, or any other applicable law or another provision of this constitution: 

  

	 	(a)	the business and affairs of the Company shall be managed by, or under the direction or supervision of, the Board; and 

  

	 	(b)	the Board has all the necessary powers for managing, and for directing and supervising the management of, the business and affairs of the Company, 

  

	  	to the exclusion of any meeting of Shareholders and the Shareholders. 

  

	20.2	Appointment of attorney 

  

	  	Subject to the Act, and in particular section 111, the Board may by unanimous resolution by power of attorney appoint any person to be an attorney of the Company for the purposes,
with the powers (being powers of the Board), for the period and subject to the conditions determined by it. 

  

	20.3	Contents of power of attorney 

  

	  	A power of attorney under clause 20.2 may, without limitation: 

  

	 	(a)	contain any provisions for the protection and convenience of persons dealing with the attorney as the Board determines; and 

  

	 	(b)	authorise the attorney to delegate any or all of the powers vested in the attorney. 

  

	20.4	Reservation of powers to the Company 

  

	  	The Board may only change the principal business of the Company with the consent of Shareholders. 

  

	21.	PROCEEDINGS OF THE BOARD 

  

	21.1	Mode of meeting 

  

	  	The Board may meet in person or by telephone or other instantaneous means of conferring for the dispatch of business (or by any combination of those means) which allows each person
present to hear and be heard by each other person present, and adjourn and otherwise regulate its meetings as it determines. 

  

 32. 

	21.2	Quorum 

  

	  	The quorum of Directors present at a meeting of the Board necessary for the transaction of business at the meeting is one of each Class of Director and for the purposes of this
clause and clauses 21.4 and 21.10, a Director is treated as present at the meeting by telephone or other instantaneous means of conferring if the Director is able to hear the entire meeting and be heard by all others attending the meeting.

  

	21.3	Notice of meeting 

  

	  	Notice of each meeting of the Board: 

  

	 	(a)	must be given to each Director (and each Alternate Director in respect of whom the Appointor has given notice to the Company requiring notice to be given to that Alternate
Director); and 

  

	 	(b)	may be given by telephone or facsimile message, 

  

	  	but the non-receipt of any notice of a Board meeting by a Director does not affect the validity of the convening of the meeting. 

  

	21.4	Place of meeting 

  

	  	Where the Board holds a meeting solely or partly by telephone or other instantaneous means of conferring, the meeting is to be treated as held at the place at which at least one of
the Directors present at the meeting is physically located as is agreed by those Directors present at the meeting. 

  

	21.5	Convening of Board meeting 

  

	  	The Board may determine the period of notice (unless waived by a majority of the Directors to whom notice of a particular meeting is sent) for each meeting of the Board which, until
otherwise determined, is 5 days. 

  

	21.6	Convening of Board meeting 

  

	  	A Director may at anytime, and the Secretary must on request from a Director, convene a meeting of the Board. 

  

	21.7	Appointment of Chairman 

  

	  	Unless otherwise determined by special resolution, the Shareholder Directors may appoint one Director as Chairman and one Director as Deputy Chairman each year on a rotating basis

  

 33. 

	21.8	Chairman of Board meetings 

  
 Where the Board holds a meeting and: 
  

	 	(a)	a Chairman has not been appointed under clause 21.7 or the Chairman is not present within 15 minutes of the time appointed for the holding of the meeting or is unwilling or unable
to act; and 

  

	 	(b)	a Deputy Chairman has not been appointed under clause 21.7 or the Deputy Chairman is not present within 15 minutes of the time appointed for the holding of the meeting or is
unwilling or unable to act, 

  
 the Directors
present at the meeting may choose one of their number to be chairman of that meeting. 
  

	21.9	Majority decisions 

  
 Except as otherwise provide by this constitution, and in particular clause 21.10, every question arising and resolution dealt with at a meeting of the
Board is to be decided by a majority of votes of the Directors present and voting on the question or resolution, but so that, regardless of the number of Directors present, each Class of Directors has collectively only one vote. 
  

	21.10	Votes for Directors 

  
 Subject to this constitution (and in particular but without limitation, clause 21.9): 
  

	 	(a)	each Director (including a person who is only a Director by reason of being an Alternate Director) present at a meeting of the Board has a right to participate in the voting on
every question or resolution put to a vote at that meeting; and 

  

	 	(b)	under no circumstances at a meeting of the Board, does the chairman have a casting vote. 

  

	21.11	Exercise of powers by Board 

  
 A power of the Board is exercisable only: 
  

	 	(a)	by resolution at a meeting of the Board at which a quorum is present; or 

  

	 	(b)	by a resolution of the Directors under clause 21.14. 

  

	21.12	Delegation to committee 

  
 The Board may, by resolution passed with no Class of Directors voting against it, delegate any of its powers (which powers may be delegated so as to be
concurrent with, but not to the exclusion of, the powers of the Board) to a committee consisting of an equal number of Directors from each Class of Directors. 
  

 34. 

	21.13	Committee powers and meetings 

  
 Where the Board has appointed a committee under clause 21.12: 
  

	 	(a)	that committee must exercise the powers delegated to it under clause 21.12 in accordance with any directions of the Board; 

  

	 	(b)	a power so delegated when exercised by the committee in accordance with clause 21.13(a) and ratified by the Board is treated as exercised by the Board; 

  

	 	(c)	the members of the committee may elect a chairman from among those members who are Class A Directors; 

  

	 	(d)	where a committee holds a meeting and: 

  

	 	(i)	has not elected a chairman under paragraph (c) of this clause; or 

  

	 	(ii)	the chairman so elected is not present at the meeting within 15 minutes of the time appointed for the holding of the meeting or is unwilling or unable to act,

  
 the members of the committee present at the
meeting may choose one of their number to be chairman of the meeting; 
  

	 	(e)	the committee may meet in person or by telephone or other instantaneous means of conferring for the dispatch of business (or by any combination of those means) and adjourn and
otherwise regulate its meetings as it may determine; 

  

	 	(f)	every question arising and resolution to be dealt with at a meeting of a committee is to be decided by a majority of votes of the members present and voting on the question or
resolution, but so that, regardless of the number of members present, the members representing each Class of Directors have collectively only one vote; 

  

	 	(g)	subject to this constitution (and in particular but without limitation, clause 21.13(f)) each member present at a meeting of a committee has a right to participate in the voting on
every question or resolution put to a vote at that meeting; 

  

	 	(h)	the chairman has a casting vote: and 

  

	 	(i)	the committee meetings are otherwise governed by the provisions of this constitution which regulate the meetings and procedures of the Board to the greatest extent practicable.

  

 35. 

	21.14	Written resolution of Directors 

  
 If all the Directors entitled to receive notice of a meeting of the Board and to vote on a resolution sign a document to the effect that they support the
resolution (the terms of which are set out in the document), a resolution in those terms is for all purposes treated as having been passed at a duly convened meeting of the Board held on the date and at the time when the last Director signed the
document. 
  

	21.15	Several documents suffice 

  
 For the purpose of clause 21.14: 
  

	 	(a)	two or more separate documents in identical terms each of which is signed by one or more Directors are treated as one document; 

  

	 	(b)	the signature by an Alternate Director of a document is not required if the Appointor of that Alternate Director has signed the document; 

  

	 	(c)	the signature by the Appointor of an Alternate Director of a document is not required if that Alternate Director has signed the document; and 

  

	 	(d)	a telex, telegram or facsimile message containing the text of the document expressed to have been signed by a Director and sent to the Company is a document signed by that Director
at the time of its receipt by the Company. 

  

	21.16	Validity of acts of Directors 

  
 Each resolution passed or act or thing performed or done by, or with the participation of, a person acting as a Director or member of a committee in
respect of whom it is later discovered there was some defect in appointment to, or continuation in, office of that person or that the person was disqualified or not entitled to perform, vote on or do, the resolution, act or thing, is as valid and
effective as if that Director or member of committee had been validly appointed, had validly continued in office, had not been disqualified and was entitled so to perform, vote or do. 
  

	21.17	Other procedures 

  
 Except as provided in this clause 21, the Board may determine its own procedures. 
  

	21.18	Fourth Schedule not to apply 

  
 Except to the extent that any such provision may be expressly adopted in this constitution, the provisions of the Fourth Schedule to the Act shall not
apply to proceedings of the Board. 
  

 36. 

	22.	SECRETARY 

  

	22.1	Appointment of Secretary 

  
 The Board may: 
  

	 	(a)	appoint any person nominated by Steamships Pty Limited to be the Secretary of the Company; 

  

	 	(b)	determine the term of appointment, powers, duties and remuneration of that person as a Secretary; 

  

	 	(c)	vary any determination so made; and 

  

	 	(d)	terminate or suspend any appointment of a person as a Secretary. 

  

	23.	COMPANY ADMINISTRATION 

  

	23.1	Minutes to be made 

  
 The Board must cause minutes to be made: 
  

	 	(a)	the names of the Directors present at each Board meeting; 

  

	 	(b)	the names of the committee members present at each meeting of a committee appointed under clause 21.12; 

  

	 	(c)	the proceedings and resolutions of each meeting of Shareholders; 

  

	 	(d)	the proceedings and resolutions of each Board meeting; and 

  

	 	(e)	the proceedings and resolutions of each meeting of a committee appointed under clause 21.12. 

  

	23.2	Minutes to be entered 

  
 The Board must cause all minutes made under clause 23.1 to be entered in the relevant minute book of the Company. 
  

	23.3	Signature of minutes 

  
 The minutes of a meeting made under clause 23.1, if appearing on their face to be signed by the Chairman of the meeting or the Chairman of the next
succeeding meeting of the relevant body, are sufficient but (except where this constitution otherwise provides) not conclusive evidence without proof of any further facts of the matter stated in them. 
  

	23.4	Custody of Common Seal 

  
 The Board must provide for the safe custody of the Common Seal. 
  

 37. 

	23.5	Use of Common Seal 

  
 The Common Seal may only be used with the authority of either: 
  

	 	(a)	the Board; or 

  

	 	(b)	a committee appointed under clause 21.12 empowered to authorise the use of the Common Seal. 

  

	23.6	Mode of execution by Common Seal 

  
 An instrument is validly executed under the Common Seal where the Common Seal is affixed to it in the presence of: 
  

	 	(a)	at least one Director from each Class of Directors; or 

  

	 	(b)	two persons appointed by the Board for the purpose, 

  
 who each sign the instrument to attest the affixing of the Common Seal. 
  

	23.7	Official Seal 

  
 The Company may have, for use in any place outside Papua New Guinea a duplicate common seal (known as the Official Seal for that place) which shall be a
facsimile of the Common Seal but with the addition on its face of the name of the place where it is to be used. 
  

	23.8	Authority to affix an Official Seal 

  
 The Company may by instrument under the Common Seal authorise any person either generally or in specified circumstances to affix the Official Seal for a
particular place in that place to any instrument to which the Company is a party and determine any manner required for the affixing by that person of that Official Seal in that place. 
  

	23.9	Effect of Official Seal 

  
 Where an Official Seal is affixed to an instrument in the place to which it relates by a person authorised and in the circumstances authorised for that
person under clause 23.11 in the manner described in clause 23.11 (if any), that instrument is to be treated for all purposes as having been validly executed under the Common Seal. 
  

	23.10	Execution of bills and cheques 

  
 All cheques, bills of exchange and other negotiable instruments, all orders for payment and all receipts for money paid to the Company, may only be signed
for and on behalf of the Company in the manner (which may include the use of facsimile signatures) determined, and by the persons appointed for the purpose, by the Board from time to time. 
  

 38. 

	24.	DIVIDENDS AND OTHER DISTRIBUTIONS 

  

	24.1	Declaration of Dividends 

  

	  	Subject to the Act, in particular section 50 and clause 2.5, the Board may authorise the distribution of a Dividend to be distributed to the Shareholders according to their
respective rights and interests, determine the property to constitute the Dividend and fix the time for distribution. 

  

	24.2	No interest on Dividends 

  

	  	No Dividend (whether in money or otherwise) bears interest as against the Company. 

  

	24.3	Obligation to distribute 

  

	  	Where the Board declares a Dividend under clause 24.1 the obligation of the Company to make the distribution only arises where the Board fixes the time for distribution and that
time has arrived and, if the Dividend is a distribution of money, no debt arises in respect of the Dividend until that time. 

  

	24.4	Payment of Dividend in specie 

  

	  	Without limiting clause 24.1 but subject to section 52, where the Board authorises the distribution of a Dividend by a distribution of money it may also decide that all or any part
of that Dividend be paid and satisfied by the distribution of specific assets (including, without limitation, paid up shares or other securities of the Company or of any other body corporate). 

  

	24.5	Deductions from Dividends 

  

	  	The Board may deduct from any Dividend which is a distribution of money payable to a Shareholder any money presently payable by the Shareholder to the Company in respect of which a
lien then exists under clause 7. 

  

	24.6	Retention of Dividends 

  

	  	The Board may retain any Dividend in respect of which the Company has a lien and: 

  

	 	(a)	if the Dividend is a distribution of property other than money, realise that property so that it is represented by money; and 

  

	 	(b)	apply the Dividend in or towards the satisfaction of the debts or liabilities in respect of which the lien exists. 

  

	24.7	Settlement of difficulties 

  

	  	Subject to clause 2.5, the Board may settle any difficulty that may arise in respect of any distribution under clauses 24.1 to 24.6 (inclusive) as it considers desirable to adjust
the rights of all parties and, in particular, may (without limitation): 

  

	 	(a)	round or disregard any fractional entitlement; 

  

 39. 

	 	(b)	set the value of each asset to be distributed; 

  

	 	(c)	determine that money to be paid to any Shareholder instead of a particular distribution; 

  

	 	(d)	vest any property in trustees for any Shareholder; and 

  

	 	(e)	appoint a person to execute as agent or attorney on behalf of each Shareholder entitled to a Dividend to be distributed otherwise than as money any instrument of transfer or other
document necessary to vest in the Shareholder full legal and equitable title to the property the subject of the Dividend. 

  

	24.8	Joint holders’ entitlement to Dividend 

  

	  	Where more than one person holds a Share, any one of those joint holders may give an effective receipt for any Dividend, in relation to that Share. 

  

	24.9	Unclaimed Dividend 

  

	  	All Dividends declared but unclaimed may: 

  

	 	(a)	in the case of Dividends not to be distributed as money, be realised into money; and 

  

	 	(b)	in any case, be invested for the benefit of the Company until claimed or until required to be dealt with under any applicable law dealing with unclaimed money.

  

	25.	NOTICES 

  

	25.1	Service 

  

	  	Any document required to be served by or on the Company may be served in accordance with the provisions of the Act. 

  

	25.2	Notices to joint holders 

  

	  	Where more than one person holds a Share, a notice required or permitted to be given to the holder of that Share is effectively given when given to the person whose name first
appears in the Register in respect of that Share. 

  

	25.3	Notices when Shareholder dies 

  

	  	Any notice or document given in accordance with the Act, notwithstanding that the Share in respect of which it is given is then subject to clause 10.1, is to be treated as validly
given to each person entitled to be registered in respect of the Share and all persons who claim through such person. 

  

 40. 

	25.4	Binding on others 

  

	  	Any person entitled to a Share (whether by transfer, operation of law or otherwise) is to be treated as having duly received every notice in respect of that Share which was duly
given to the person from whom that person derives that entitlement before the person entitled is entered in the Register as the holder of the Share. 

  

	25.5	Signature of notice 

  

	  	The signature to any notice given by the Company may be written or affixed in any way. 

  

	25.6	Certificate of Director or Secretary 

  

	  	If a Director or Secretary signs a certificate that a notice was given in the manner set out in the certificate, that certificate is prima facie evidence of the accuracy of the
matters set out in it. 

  

	26.	INSPECTION AND SECRECY 

  

	26.1	No right to inspect 

  

	  	No Shareholder is entitled to require discovery of, inspection of, or any information concerning the affairs of the Company, except as provided by the Act or as permitted by the
Board. 

  

	26.2	Board may permit inspection 

  

	  	Subject to the Act, the Board may determine whether any of the books, accounts and other information of the Company is to be available for inspection by Shareholders and, if so, the
extent, time, place and conditions of inspection so permitted. 

  

	26.3	Obligation of secrecy 

  

	  	Every officer of the Company must: 

  

	 	(a)	keep strictly secret all transactions and affairs of, the accounts of and all information concerning the Company; and 

  

	 	(b)	if so required by the Board, sign a declaration accepting the obligation of secrecy and undertaking not to disclose any information within the officer’s knowledge the subject
of that obligation to any person, except in the proper course and performance of the officer’s duties, as required by law or as required by the Board. 

  

 41. 

	27.	LIQUIDATION 

  

	27.1	Power of Board 

  

	  	The Board may by unanimous resolution authorise the making of an application by the Company for the appointment by the Court of a liquidator to the Company.

  

	27.2	Distribution if insufficient assets 

  

	  	Subject to the terms of issue of a Share, if the Company is in liquidation and the assets available for distribution among the Shareholders (in that capacity) are insufficient to
repay all the paid up capital, those assets will be distributed so that, to the greatest possible extent, the amount distributed to a Shareholder in respect of each Share is proportional to the amount paid up (or which at the commencement of the
liquidation ought to have been paid up) on that Share compared with the total paid up capital of the Company. 

  

	27.3	Distribution of surplus assets 

  

	  	Subject to the terms of issue of a Share, if the Company is in liquidation and after distribution of assets to repay paid up capital there remain assets available for distribution
to the Shareholders (in that capacity), those assets will be distributed so that, to the greatest possible extent, the amount distributed to a Shareholder in respect of each Share is proportional to the amount paid up (or which at the commencement
of the liquidation ought to have been paid up) on that Share compared with the total paid up capital of the Company. 

  

	28.	MISCELLANEOUS 

  

	28.1	Indemnity 

  

	  	The Company is authorised to indemnify and shall indemnify to the fullest extent permitted by the Act each Director and employee of the Company or a related company:

  

	 	(a)	for any costs incurred by that person in any proceeding of the kind described in section 140(3); and 

  

	 	(b)	for any: 

  

	 	(i)	liability to any person other than the Company or a related company for any act or omission in that person’s capacity as a Director or employee; and 

 

	 	(ii)	costs incurred by that person in defending or settling any claim or proceeding relating to any such liability; 

  

	 	  	not being criminal liability or liability in respect of a breach, in the case of a Director, of the duty specified in section 112 or, in the case of an employee, of any fiduciary
duty owed to the Company or a related company. 

  

 42. 

	28.2	Insurance 

  

	  	The Company is authorised with the prior approval of the Board, to effect insurance for each Director and employee of the Company or a related company in respect of:

  

	 	(a)	liability, not being criminal liability, for any act or omission in his capacity as a Director or employee; 

  

	 	(b)	costs incurred by that Director or employee in defending or settling any claim or proceeding relating to any such liability; and 

  

	 	(c)	costs incurred by that Director or employee in defending any criminal proceedings in which he is acquitted. 

  

	28.3	Interpretation 

  

	  	Words having extended meanings by section 140(9) shall have those extended meanings in clauses 28.1 and 28.2. 

  

	28.4	General authorisation 

  

	  	Where the Act authorises or permits a company to do any thing if so authorised by its constitution, the Company is authorised by this clause to do that thing.

  

	28.5	Acts of Class of Shareholders 

  

	  	Any act or thing which may pursuant to this constitution be done by a Class of Shareholders may be done: 

  

	 	(a)	where a Shareholder holds in excess of one half of the issued Shares of the relevant Class, by that Shareholder; or 

  

	 	(b)	in any other case, by Shareholders of that Class who hold, in aggregate, more than one half of the issued Shares of that Class. 

  

 43. 

 SCHEDULE 1 
  
 (clause 2.2) 
  
 PREFERENCE SHARES 
  

	1.	In this schedule, unless the context otherwise requires: 

  
 “Dividend Date” means, in relation to a Preference Share, a date specified in the Issue Resolution on which a Dividend in respect of that
Preference Share is payable; 
  
 “Dividend Rate”
means, in relation to a Preference Share, the terms specified in the Issue Resolution for the calculation of the amount of Dividend to be paid in respect of that Preference Share on any Dividend Date, which calculation may be wholly or partly
established by reference to an algebraic formula; 
  
 “Issue Resolution” means the resolution specified in clause 4 of this schedule; 
  
 “Preference Share” means a Share issued under this Schedule 1; 
  
 “Redeemable Preference Share” means a Preference Share which the Issue Resolution specifies as being, or
being at the option of the Company to be, liable to be redeemed; 
  
 “Redemption Amount” means, in relation to a Redeemable Preference Share, the amount specified to be paid on redemption of the Redeemable Preference Share; 
  
 “Redemption Date” means, in relation to a Redeemable Preference Share, the date specified in the Issue
Resolution for the redemption of that Preference Share; and 
  

	2.	Each Preference Share confers upon its holder: 

  

	 	(a)	the right on liquidation of the Company to payment in cash of the capital (including any premium) then paid up on it, and any arrears of Dividend in respect of that Preference
Share, in priority to any other Class of Shares; 

  

	 	(b)	the right in priority to any payment of Dividend to any other Class of Shares to a cumulative preferential Dividend payable on each Dividend Date in relation to that Preference
Share calculated in accordance with the Dividend Rate in relation to that Preference Share; and 

  

	 	(c)	no right to participate beyond the extent elsewhere specified in clause 2 of this schedule in surplus assets or profits of the Company, whether on a liquidation of the Company or
otherwise. 

  

 44. 

	3.	Each Preference Share also confers upon its holder the same rights as the holders of ordinary Shares to receive notices, reports and audited accounts of the Company and to attend
meetings of Shareholders but does not confer upon its holder the right to vote at any meeting of Shareholders of the Company unless either: 

  

	 	(a)	at the date of the notice convening the meeting any Dividend payable in respect of the Preference Share is in arrears or the Company is in liquidation; or 

 

	 	(b)	the business of the meeting includes a proposal to appoint a liquidator of the Company, a proposal that affects rights attached to the Preference Share, a proposal for the disposal
of the whole of the Company’s property, business and undertaking or a proposal that the terms of a buy back agreement be approved, 

  
 but in the latter case the holder of that Preference Share is not entitled to vote generally at that meeting, but only on the resolutions in respect of
which that Preference Share confers a vote on its holder. 
  

	4.	The Board may only allot a Preference Share where by resolution it specifies the Dividend Date, the Dividend Rate, and whether the Preference Share is or is not, or at the option of
the Company is to be, liable to be redeemed, and, if the Preference Share is a Redeemable Preference Share, the Redemption Amount and Redemption Date for that Redeemable Preference Share and any other terms and conditions to apply to that Preference
Share. 

  

	5.	The Issue Resolution in establishing the Dividend Rate for a Preference Share may specify that the Dividend is to be one of: 

  

	 	(a)	fixed; 

  

	 	(b)	variable depending upon any variation of the respective values of any factors in an algebraic formula specified in the Issue Resolution; or 

  

	 	(c)	variable depending upon such other factors as the Board may specify in the Issue Resolution. 

  

	6.	Subject to the Act, the Company must redeem a Redeemable Preference Share on issue: 

  

	 	(a)	on the specified date where the Company, at least 15 Business Days before that date, has given a notice to the holder of that Redeemable Preference Share stating that the Redeemable
Preference Share will be so redeemed on the specified date, and 

  

	 	(b)	in any event, on the Redemption Date, 

  

 45. 

 but no Redeemable Preference Share may be redeemed and no notice of redemption may be given before the
second anniversary of the date upon which that Redeemable Preference Share is issued. 
  

	7.	The certificate issued by the Company in relation to any Preference Share must specify in relation to that Preference Share: 

  

	 	(a)	the date of issue of the Preference Share; 

  

	 	(b)	the Dividend Rate and Dividend Dates; 

  

	 	(c)	whether the Preference Share is a Redeemable Preference Share and if it is: 

  

	 	(i)	the Redemption Amount and Redemption Date; and 

  

	 	(ii)	the conditions of redemption (if any); 

  

	 	(d)	the conditions of participation (if any) in respect of the Preference Share set out in clause 3 of this schedule; and 

  

	 	(e)	any other matter the Board determines. 

  

	8.	On redemption of a Redeemable Preference Share, the Company, after the holder has surrendered to the Company the certificate in respect of that Redeemable Preference Share, must pay
to the holder the Redemption Amount in cash, by cheque or in any other form that the holder agrees to in writing. 

  

 46. 

 SCHEDULE 2 
  
 (Clause 13.6) 
  
 Datec (PNG) Limited 
  
 Proxy Form 
  
 (Name of shareholder or shareholders) 
  
 of 
  
 (Address of shareholder or shareholders) 
  
 (The “Shareholder”), a shareholder of Datec (PNG) Limited, appoints 
  
 (Name of proxy) 
  
 of 
  
 (Address of proxy) 
  
 or, failing that person, the Chairman of the meeting as the Shareholder’s proxy to vote for the Shareholder and on the
Shareholder’s behalf at the [special] meeting of Shareholders of the Company to be held on[                    ] at
[            ] am/pm and at any adjournment of that meeting [of until
[                    ] being not more than one year from the date of appointment]. 
  
 The proxy is directed to vote in the following manner: 
  
 Resolution #: 
  
 (A mark should be placed in the appropriate box if the Shareholder wishes to direct the proxy to vote in a specified way in relation to the above resolution[s]. If no
direction is given, the proxy may vote or not as the proxy sees fit.) 
  
 This form must be signed by the Shareholder (in the case of a body corporate under is common seal) or by an attorney of the Shareholder. 
  

 - 47 - 

 SCHEDULE 3 
  
 (clause 18.2) 
  
 FORM OF APPOINTMENT OF ALTERNATE DIRECTOR 
  
 I, the undersigned, a Director of Datec (PNG) Limited, exercise the power given to me by the constitution of that company and appoint, subject to the approval of the
Board, [insert name] of [insert address] to act as Alternate Director for me. 
  
 This appointment takes effect *immediately/*on [insert date] and extends until *[insert date]/*revoked by me. 
  
 Notice of meeting of the Board *is/*is not be given to the person appointed by this notice. 
  
 Dated: 
  
 (Signature) 
  
 (Name printed) 
  

	*	Delete and complete as required 

  
 Dated: 
  
 Signed 

	
	
	  

	
	  

  

 - 48 - 

					
	 SIGNED for and on behalf of the
	 	)	    	 
	 Shareholder specified above by its
	 	)	    	 
	duly appointed attorney in the presence of:	 	)	    	  

	 	 	 	    	 Attorney

			
	 	 	 	    	 Name (printed):

			
	  

	 	 	    	 Date of Power of Attorney:

	 Witness
  
 Name (printed):
	 	 	    	 

  

							
	THE COMMON SEAL of the	 	)	 	 	    	 
	Shareholder (being a body corporate)	 	)	 	 	    	 
	specified above was affixed in the	 	)	 	 	    	 
	presence of, and the sealing is attested by:	 	)	 	 	    	 
	 	 	 	 	 	    	

	  

	 	 	 	 	    	 Director

	 Secretary
  
 Name (printed):
	 	 	 	 	    	 Name (printed):

  

 49. 

 SCHEDULE 4 
  
 (clause 9.3) 
  
 RESTRICTIONS ON DEALINGS IN RESPECT OF SHARES - PRE EMPTIVE RIGHTS 
  

	1.	Definitions 

  
 In this schedule, unless the context otherwise requires: 
  
 “Change in Control”, in relation to a Corporation, means any circumstance under, or as a result of, which: 
  

	 	(a)	a person who does not have a Controlling Interest in the Corporation will have a Controlling Interest in the Corporation; 

  

	 	(b)	a person who has a Controlling Interest in the Corporation will cease to have a Controlling Interest in the Corporation; or 

  

	 	(c)	a person who has a Controlling Interest in the Corporation will continue to have a Controlling Interest in that Corporation but the Controlling Interest after that circumstance will
differ in either or both nature and extent from the Controlling Interest before that circumstance, 

  
 and includes any agreement, arrangement or understanding which would give rise to that circumstance; 
  
 “Controlling Interest”, in relation to a Corporation, means
each of: 
  

	 	(a)	an Interest in 20 per cent or more of the issued shares in the Corporation; and 

  

	 	(b)	any right or interest which entitles a person to control 20 per cent or more of the voting power in the Corporation, 

  
 and where the Corporation is a subsidiary of another Corporation also means
each of: 
  

	 	(c)	an Interest in 20 per cent or more of the issued shares in a holding company of that Corporation; and 

  

	 	(d)	any right or interest which entitles a person to control 20 per cent or more of the voting power in a holding company of that Corporation; 

  
 “Corporation” means any body corporate wherever
incorporated, and includes a company and an overseas company; 
  

 50. 

 “Deal” means dispose in any way (other than by will) and includes (without limitation)
assign, assure, declare a trust, mortgage, transfer and sell and also includes agree to do any of those things; 
  
 “Fair Value” means: 
  

	 	(a)	where a Proposed Dealing Notice specifies a proposed sale price for the sale of the Shares to which it relates, which is a cash price per Share, the price so specified; and

  

	 	(b)	otherwise, the Independently Determined Fair Value; 

  
 “Independently Determined Fair Value” means the value, expressed as a cash price per Share, of the Sale Shares determined by the Auditor
or, if there is no Auditor, by an independent qualified person selected by the Board, as the fair sale price of the Sale Shares as a parcel as between a willing, but not anxious, vendor and a willing, but not anxious, purchaser negotiating with each
other at arm’s length; 
  
 “Interest”, in
relation to a Share, means: 
  

	 	(a)	the Share; 

  

	 	(b)	any legal or equitable right or interest in or in respect of the Share, other than a right to vote in respect of the share conferred by a proxy or appointment of representative that
is not given for valuable consideration; and 

  

	 	(c)	an option or other right to acquire the Share or such a right or interest; 

  

	  	“mortgage” includes charge and hypothecation of any kind; 

  
 “Other Shareholders” means the Shareholders other than the Transferring Shareholder; 
  
 “Person Entitled”, in relation to a Share, means each of:

  

	 	(a)	the Shareholder who holds the Share; 

  

	 	(b)	a beneficial owner of, an Interest in the Share (other than a person who is only a beneficial owner of that Interest as a result of the operation of this constitution); and

  

	 	(c)	a person entitled to an Interest in the Share by contract (other than this constitution) or by operation of law; 

  
 “Proposed Dealing” means each of: 
  

	 	(a)	a proposed Dealing with an Interest in a Share the subject of a Proposed Dealing Notice; and 

  

 51. 

	 	(b)	a Purported Dealing; 

  
 “Proposed Dealing Notice” means a notice given under, and complying with, clause 5 of this schedule; 
  
 “purchase” in relation to a Share means the acquisition of
the beneficial ownership of the Share for valuable consideration; 
  
 “Purchasing Shareholder” means each of the Other Shareholders which gives notice to the Company under clause 17 of this schedule that it wishes to exercise the right to purchase Sale Shares; 
  
 “Purported Dealing” means a purported Dealing with an
Interest in a Share otherwise than in strict compliance with the provisions of this schedule; 
  
 “sale” in relation to a Share means the disposition of the beneficial ownership of the Share for valuable consideration; 
  
 “Sale Shares” means: 
  

	 	(a)	where a Proposed Dealing Notice is given, the Shares the subject of the Proposed Dealing; 

  

	 	(b)	where there is a Purported Dealing and a Proposed Dealing Notice is not given, the Shares to which the Purported Dealing relates; and 

  

	 	(c)	where there is a Change in Control in relation to a Corporation which is a Person Entitled to a Share, the Shares in which that Corporation has an Interest.

  
 “Sale Terms and Conditions”
means: 
  

	 	(a)	where a Proposed Dealing Notice specifies terms and conditions for the proposed sale of Sale Shares, those terms and conditions; and 

  

	 	(b)	otherwise, the terms and conditions for the sale of Sale Shares that the Board considers fair in the circumstances; 

  
 “share” includes “Share”; 
  
 “Transferring Shareholder” means: 
  

	 	(a)	in the case of a Proposed Dealing, the Shareholder who holds a Share to which the Proposed Dealing relates; and 

  

	 	(b)	in the case of a Change in Control in relation to a Corporation which is a Person Entitled to a Share, the holder of that Share; and 

  
 “Transfer Notice” means a notice complying with clause 13
of this schedule. 
  

 52. 

	2.	Restriction on Dealing 

  
 A Shareholder may not Deal with an Interest in a Share and an attempt (whether by a Shareholder or by any other person) to Deal with an Interest in a
Share is not effective: 
  

	 	(a)	as between the Transferring Shareholder and the Other Shareholders, or as between the Shareholders or any of them; 

  

	 	(b)	as between the Transferring Shareholder and the Company; or 

  

	 	(c)	as between the parties to it, 

  
 unless it is made in strict compliance with the provisions of this schedule. 
  

	3.	Pre-Emptive Rights 

  
 Subject to clauses 4 and 23 of this schedule, the Other Shareholders have the prior right provided in this schedule to purchase: 
  

	 	(a)	the Shares to which a Proposed Dealing relates; or 

  

	 	(b)	the Shares to which a person which is a Corporation subject to a Change in Control is Entitled. 

  

	4.	Exempt Transactions 

  
 This schedule does not apply to a Dealing in an Interest in a Share, or to a Change in Control in relation to a Corporation which is a Person Entitled to
a Share to which all the Shareholders have consented in writing. 
  

	5.	Proposed Dealing Notice 

  
 A Person Entitled to a Share who proposes to Deal with an Interest in the Share may only do so if it gives notice to the Company (which may not be
withdrawn except with the consent of the Board) setting out particulars of the Proposed Dealing including, without limitation: 
  

	 	(a)	the Shares proposed to be the subject of the Proposed Dealing; 

  

	 	(b)	the Interest proposed to be the subject of the Proposed Dealing; 

  

	 	(c)	the proposed nature and the proposed terms and conditions of, parties to, and date of, the Proposed Dealing; 

  

	 	(d)	if the Person Entitled wishes to specify the Fair Value of those Shares, that Fair Value; and 

  

	 	(e)	any other particulars that the Board reasonably requires. 

  

 53. 

	6.	Receipt of Proposed Dealing Notice 

  
 Where the Company receives a Proposed Dealing Notice, the Board must promptly give a copy of it to each of the Other Shareholders. 
  

	7.	Withdrawal of Proposed Dealing Notice 

  
 If a Proposed Dealing Notice is withdrawn with the consent of the Board: 
  

	 	(a)	clauses 8 and 9 of this schedule (as applicable) do not, or cease to, operate as a result of that Proposed Dealing Notice; and 

  

	 	(b)	the Board must promptly give written notice to each of the Other Shareholders of that withdrawal. 

  

	8.	Proposed Dealings - Sales 

  
 If a Proposed Dealing is a sale of a Share, other than the sale of a Share from a Corporation to a related body corporate of it, and the Board has not
determined that clause 9 of this schedule is to apply to that sale the Board must: 
  

	 	(a)	not more than 15 Business Days after the Company receives the Proposed Dealing Notice or the Board becomes aware of the Purported Dealing; or 

  

	 	(b)	if the Fair Value that must be stated in the Transfer Notice relating to the Proposed Dealing is the Independently Determined Fair Value, not more than 15 Business Days after the
Board is informed of that value, 

  
 give a
Transfer Notice in respect of the Sale Shares to the Other Shareholders and the Proposed Dealing may only be effected, subject to the right of the Other Shareholders to purchase the Sale Shares, in accordance with clause 23 of this schedule.

  

	9.	Other Proposed Dealings 

  
 If a Proposed Dealing is not a sale of a Share, or is a sale of a Share from a Corporation to a related body corporate of it, or is a sale of a Share in
respect of which the Board has determined that this clause is to apply, the Proposed Dealing: 
  

	 	(a)	may only be effected with the consent of the Board (which consent may be subject to any terms and conditions that the Board considers appropriate); or 

  

	 	(b)	if it does not have the consent of the Board (or is not effected in accordance with the terms and conditions of the Board’s consent), the Board may give a Transfer Notice in
respect of the Sale Shares to the Other Shareholders: 

  

	 	(i)	not more than 15 Business Days after the Company receives the Proposed Dealing Notice or the Board becomes aware of the Purported Dealing or of the failure of the Proposed Dealing
to be effected in accordance with those terms and conditions (as the case may be); or 

  

 54. 

	 	(ii)	if the Fair Value that must be stated in the Transfer Notice relating to the Proposed Dealing is the Independently Determined Fair Value, not more than 15 Business Days after the
Board is informed of that value, 

  
 and the
Proposed Dealing may only be effected, subject to the right of the Other Shareholders to purchase the Sale Shares, in accordance with clause 23 of this schedule. 
  

	10.	Notice of Change in Control 

  
 A Corporation which is a Person Entitled to a Share must promptly give to the Company notice of any Change in Control in relation to that Corporation
setting out full particulars of the Change in Control. 
  

	11.	Consequence of Change in Control 

  
 When the Board becomes aware of a Change in Control in relation to a Corporation which is a Person Entitled to a Share (whether as a result of a notice
under clause 10 of this schedule or otherwise), the Board may give a Transfer Notice (in which the Fair Value must be the Independently Determined Fair Value) in respect of the Sale Shares to the Other Shareholders not more than 15 Business Days
after the Board is informed of the Independently Determined Fair Value. 
  

	12.	Board’s Exercise of Discretion 

  
 In determining whether or not to consent to a Proposed Dealing, to exercise its discretion to give a Transfer Notice to the Other Shareholders or to make
a determination as to whether clause 9 of this schedule is to apply to a Proposed Dealing which is a sale of a Share, the Board must act reasonably in the interests of the Company having regard to: 
  

	 	(a)	the substance and effect (including, without limitation, its effect on the Company) of the Proposed Dealing or the Change in Control in relation to a Corporation which is a Person
Entitled to a Share; 

  

	 	(b)	the purpose of this schedule of conferring upon Shareholders an effective right of first refusal in respect of the purchase of Shares to which a Proposed Dealing relates or to which
a person, which is a Corporation subject to a Change in Control is Entitled; and 

  

 55. 

	 	(c)	the desirability of the proposed disponee of the Interest in a Share having that Interest, or the Corporation which is a Person Entitled to a Share, continuing to be a Person
Entitled to a Share following the Change in Control. 

  

	13.	Transfer Notices 

  
 A Transfer Notice: 
  

	 	(a)	must state the holder and number of the Shares the subject of the Transfer Notice, the Fair Value and the Sale Terms and Conditions; 

  

	 	(b)	if the Company has received a Proposed Dealing Notice, must attach a copy of that Proposed Dealing Notice; 

  

	 	(c)	if the Company has not received a Proposed Dealing Notice must contain a summary of the circumstances giving rise to the Transfer Notice; 

  

	 	(d)	must contain a summary of the provisions of clauses 15 to 23 of this schedule that the Board considers appropriate; and 

  

	 	(e)	may contain any other matters that the Board considers appropriate. 

  

	14.	Independently Determined Fair Value 

  
 If the Fair Value that must be stated in the Transfer Notice relating to a Proposed Dealing or a Change in Control of a Corporation is the Independently
Determined Fair Value, the Board must cause the Independently Determined Fair Value to be determined as soon as possible after it determines that a Transfer Notice is to be given. The person determining the Independently Determined Fair Value (the
“Expert”) does so as an expert and not as an arbitrator and the determination of the Expert is final and binding on all persons. The reasonable costs and expenses of the Expert are to be paid by the Shareholder holding the Sale Shares but
the Expert is to be retained by the Board on the basis that the person acts for, and is responsible to, the Company and each Shareholder. 
  

	15.	Right of First Refusal 

  
 On receiving a Transfer Notice the Other Shareholders may purchase the Sale Shares at the Fair Value, on the Sale Terms and Conditions, and otherwise in
accordance with this schedule. 
  

	16.	Effect of Right of First Refusal 

  
 The rights to purchase the Sale Shares conferred by clauses 15,17,18 and 19 of this schedule are each subject to all of the Sale Shares being agreed to be
purchased by the Other Shareholders under those clauses and, if not all of the Sale Shares are agreed to be purchased by Other Shareholders under those clauses, clause 23 of this schedule applies. 
  

 56. 

	17.	Initial Right to Proportion 

  
 Each of the Other Shareholders has the right to agree to purchase up to number of the Sale Shares as is represented by the following formula: 

 

			
	 N  =
	 	S * H
	 	 	 T - S

  
 where: 
  
 N is the number of the Sale Shares which the Other Shareholder has the right
to purchase under this clause (the “Entitlement”); 
  
 S is the number of the Sale Shares; 
  
 H is the number
of the Shares of the same Class as the Sale Shares held by the Other Shareholder on the date of the Transfer Notice; and 
  
 T is the number of the issued Shares of the same Class as the Sale Shares on the date of the Transfer Notice. 
  
 Fractions must be dealt with as determined by the Board. 
  

	18.	Acceptance 

  
 Each of the Other Shareholders which wishes to purchase Sale Shares must give a notice (“Acceptance Notice”) to the Company not more than
15 Business Days after the Transfer Notice is given, or any longer period that the Board specifies in the Transfer Notice: 
  

	 	(a)	setting out the number of Sale Shares up to that Shareholder’s Entitlement it agrees to purchase; and 

  

	 	(b)	accompanied (unless the Board otherwise provides in the Transfer Notice or allows in a particular case) by the purchase consideration for those Sale Shares.

  
 Any Purchasing Shareholder which wishes to
purchase Sale Shares in excess of its Entitlement (“Excess Sale Shares”) must also state in its Acceptance Notice the maximum number of Excess Sale Shares it agrees to purchase (which must not exceed the difference between the number of
the Sale Shares and that Shareholder’s Entitlement) and that Acceptance Notice must be accompanied (unless the Board otherwise provides in the Transfer Notice or allows in a particular case) by the purchase consideration for those Excess Sale
Shares. Subject to clause 16 of this schedule, the Acceptance Notice binds the Purchasing Shareholder giving it to purchase up to the number of Sale Shares specified in it at the Fair Value and on the Sale Terms and Conditions and to execute any
documents that the Board requires to give effect to its purchase of Sale Shares, and may not be withdrawn. 
  

 57. 

	19.	Remaining Sale Shares 

  
 If not all of the Sale Shares are agreed to be purchased in response to Transfer Notices by Other Shareholders exercising in full their Entitlements and
if the number of the Sale Shares remaining (“Remaining Sale Shares”) is not greater in number than the total of the maximum numbers of Excess Sale Shares which all Purchasing Shareholders specified in their Acceptance Notices (the
“Total Purchased Excess Shares”), the Remaining Sale Shares must be sold to the Purchasing Shareholders who have agreed to purchase Excess Sale Shares for the Fair Value on the Sale Terms and Conditions, and the number of those
Remaining Sale Shares which are to be sold to each Purchasing Shareholder is: 
  

	 	(a)	if the number of the Total Purchased Excess Shares is equal to the number of the Remaining Sale Shares, the maximum number of Excess Sale Shares which the Purchasing Shareholder
specified in its Acceptance Notice; and 

  

	 	(b)	if the number of the Total Purchased Excess Shares is greater than the number of the Remaining Sale Shares, is determined by the following formula: 

  

			
	 N  =
	 	R x E
	 	 	    T

  
 where: 
  
 N is the number of the Remaining Sale Shares to be sold to that Purchasing
Shareholder; 
  
 R is the number of the Remaining Sale Shares;

  
 E is the maximum numbers of Excess Sale Shares which the
Purchasing Shareholder specified in its Acceptance Notice; and 
  
 T is the number of the Total Purchased Excess Shares. 
  
 Fractions must be dealt with as determined by the Board, and the Board must promptly return to a Purchasing Shareholder any of the purchase consideration given by that Purchasing Shareholder not used to buy Sale Shares. 
  

 58. 

	20.	Transfer 

  

	  	Not more than 15 Business Days after the Board receives the purchase consideration for the Sale Shares, the Board must: 

  

	 	(a)	if all of the Sale Shares have been agreed to be purchased by Purchasing Shareholders: 

  

	 	(i)	pay to the Transferring Shareholder the purchase consideration (after payment of all money secured by any mortgage over the Sale Shares of which the Board has notice) and that
payment fully discharges all rights that the Transferring Shareholder, or any other person, may have in respect of the Sale Shares; and 

  

	 	(ii)	cause the Company, as attorney for the Transferring Shareholder, to execute transfers of the Sale Shares to the Purchasing Shareholders and execute any other documents that the
Board requires to give effect to the purchase and transfer of the Sale Shares; and 

  

	 	(b)	in any case, return to each Purchasing Shareholder any of the purchase consideration provided by that Purchasing Shareholder not used to purchase Sale Shares.

  

	21.	Attorney 

  

	  	Each Shareholder appoints the Company as its attorney to sell and transfer Sale Shares in accordance with this schedule. 

  

	22.	Title 

  

	  	The sale and transfer of Sale Shares to a Purchasing Shareholder in accordance with this schedule is effective to vest the Sale Shares in the Purchasing Shareholder free from all
adverse interests or claims. 

  

	23.	Unpurchased Shares 

  

	  	If any Sale Shares are not agreed to be purchased by Other Shareholders under clauses 15 to 19 of this schedule, none of the Sale Shares may be sold to the Purchasing Shareholders
under those clauses and the Transferring Shareholder, within three months after the last day that an Other Shareholder may give an Acceptance Notice, may sell and transfer all (and only all) those Shares to the person named in the Transferring
Shareholder’s Proposed Dealing Notice as the proposed purchaser of the Sale Shares, or otherwise to a person approved to hold Shares of the Company by the Board in its reasonable discretion, at a price not less than the Fair Value on terms of
conditions not more favourable to the purchaser than the Sale Terms and Conditions. 

  

	24.	Certificates of Title 

  

	  	The certificates of title to Shares must contain a prominent statement that the Shares evidenced by it are subject to the restrictions contained in this schedule and any summary of
the provisions of this schedule that the Board considers appropriate. 

  

 59.

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