TERRITORY OF THE BRITISH VIRGIN ISLANDS
THE INTERNATIONAL BUSINESS COMPANIES ACT (CAP. 291)

CERTIFICATE OF INCUMIBENCY

The Registered Agent
(Art. 39 of the Act)
of

FORRELL REAL ESTATE INQI
("the ll')

DOES HEREBY
ER I Y:

THAT the Company.r was duly incorporated in the British Virgin Islands on
September 2001 and is registeted under the registration No. 462057.

THAT the present appointed directors of the Company are Mr. Hasmukhrai Rawai
and Mrs. Kalpana Rawal, each of them with htdividual signature right.

THAT according to the records maintained at the Company's Registered Office. the
Company:

is validly existing and in good standing under the laws of the British Virgin
Islands.

there are no actions, pending or threatened, against the Company and no
resolutions have been passed for its voluntary winding up.

Dated this 26?h day of November, 2004.

. User
MOSSACK FUNSECA O. (BVI) LTD.
Registered nt'



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