Decision

RESOLVED: That the 2 items below be clarified prior to the amended Articles being agreed:

·         legal clarification be sought on the question of the ability to prevent the transfer of shares if the Shareholder Committee wished to do so, and

·         whether capitalisation of profits - para 17- is the right intention for the company, without approval of the Shareholders.

Reason for Decision

To enable West Norfolk Property to file the updated Articles of Association with Companies House.