10/00 200: 10:53 FAX 0207030777: @003

RISOWTION Ol' SAPPHIRE HOLDING unmn
(?the Germany?)

In Lndersiqned Mr.
Kojo Arman, being the sole director, do hereby 30th the following on record:

RESOLVED: be and hereby purd'rase the Property known as.
SW3 SER (?the Property") with


RESOLVED: That

he purl-roused tn trim on behalf of the Company and purchase the
said advancefmm Bardays Bank

requisite time limit.

Adopted and signed this i?i'ihdayor fowl 2003



Annan, Diredaor