MINUTES OF ANNUAL GENERAL MEETING ENTERED ON PRESENT: The sole shareholder of the Company. IT WAS RESOLVED THAT: 1. THE company should not appoint an auditor. 2. THAT the company not hold Annual General Meetings until such time as requested by any member pursuant to S 92(6) of the International Companies Act 1981 - 82. TRUSTNET (COOK ISLANDS) LIMITED By its Nominee 2988-95statutory