APPOINTMENT OF THE FIRST OF Transmar Management Limited The undersigned, being the Subscriber to the Memorandum and Articles of Association of the above?named Company, incorporated under the International Business Companies Act, 1994 (Act 24 of 1994) of the Republic of Seychelles, hereby appoints: Mr. Ali Abu?Ragheb Mr. Nabii Barakat and Mr. awad Ai-Kassab each of them with individual signature right, the first Directors of the Company, to serve as such until their successors shall been elected or untii their resignation or removal; such election shall be effective immediately and without further quali?cation. Dated this 3?1 day of March, 2010. VALssiive Subscriber REPUBLIC OF SEYCHELLES The International Business Companies Act, 1994 (Act 24 of 1994) APPOINTMENT OF THE FIRST OF Transmar Management Limited