Common use of INTERESTS IN OTHER BUSINESSES Clause in Contracts

INTERESTS IN OTHER BUSINESSES. 12.1 You shall disclose promptly in writing to the Company all your interests and those of your spouse and dependent children, in any business other than the business of the Company and its Subsidiaries and Associates and, save with the written consent of the Company (such consent not to be unreasonably withheld), you will not during the continuance of your employment accept any public office nor will you hold any directorship nor will you be engaged or interested (except as the holder for passive investment purposes of any shares or other securities quoted or dealt in on the London Stock Exchange, any other recognised stock exchange or NASDAQ not exceeding, in any case, 3 per cent of the class of securities of the company concerned) either directly or indirectly in any business or commercial occupation other than the business of the Company and its Subsidiaries and Associates. 12.2 In relation to dealing in shares, debentures or other securities of the Companies, its Subsidiaries or Associates and unpublished price sensitive information affecting the shares, debentures or other securities of any other company, you shall comply where relevant with every rule of law, every regulation of the UKLA, The London Stock Exchange and every regulation of the Company from time to time in force including compliance with the spirit as well as the letter of the rules for the time being applicable to the relevant stock exchanges on which shares of the Companies, its Subsidiaries or Associates are for the time being listed or traded. In relation to overseas dealings, you will also comply with all laws of the state and all regulations of the stock exchange, market or dealing system in which such dealings take place; and you will not (and will procure so far as you are able that your spouse and children do not) deal or become or cease to be interested (within the meaning of Part 1 of Schedule XIII to the Companies Act 1985) in any securities of the Company except in accordance with any rules or guidelines from time to time relating to securities transactions by senior executives of the Company.

INTERESTS IN OTHER BUSINESSES. 12.1 You Save with the prior written consent of the Chairman of the Board (consent not to be unreasonably withheld and it being acknowledged that the Executive shall disclose promptly not hold more than three non-executive directorships at any one time), the Executive shall not during the continuance of his employment be engaged or interested (except: i) as the holder for investment of up to 5% of any class of securities which are quoted or dealt in writing on a Recognised Investment Exchange which are not the securities of any company which competes or proposes to compete with the business of the Company all your interests and or any of its Associates; or ii) in relation to securities which are not quoted or dealt in on a Recognised Investment Exchange, where: a) those securities are not securities of your spouse and dependent childrenany company which competes or proposes to compete with the business of the Company or any of its Associates; or b) those securities, which are securities of any company which competes or proposes to compete with the business of the Company or any of its Associates, have been expressly agreed to by the Chairman in writing), nor make preparations to be engaged or interested either directly or indirectly in any business or occupation (excluding any charitable work) other than the business of the Company and its Subsidiaries Associates. Consent is hereby given in relation to the Executive's non-executive directorships with Solarcentury Holdings Ltd, Joh. Xxxxxxxxx Xxxxxxx AG and Associates andLucis Technologies Ltd. The Board and the Executive shall periodically review the Executive’s non-executive directorships, save and where the Board and the Executive come to the view that the Executive’s non-executive directorships conflict (or are reasonably likely to conflict) or unreasonably interfere with the written consent proper performance of the Company (such consent not to be unreasonably withheld)Executive's roles as CEO or director, you will not during the continuance of your employment accept any public office nor will you hold any directorship nor will you be engaged or interested (except as Board and the holder for passive investment purposes of any shares or other securities quoted or dealt Executive shall agree upon an appropriate solution in on the London Stock Exchange, any other recognised stock exchange or NASDAQ not exceeding, in any case, 3 per cent respect of the class of securities of the company concerned) either directly or indirectly in any business or commercial occupation other than the business of the Company and its Subsidiaries and AssociatesExecutive’s non- executive directorships. 12.2 In relation to dealing in shares, debentures or other securities of the Companies, its Subsidiaries or Associates and unpublished price sensitive information affecting the shares, debentures or other securities of any other company, you shall comply where relevant with every rule of law, every regulation of the UKLA, The London Stock Exchange and every regulation of the Company from time to time in force including compliance with the spirit as well as the letter of the rules for the time being applicable to the relevant stock exchanges on which shares of the Companies, its Subsidiaries or Associates are for the time being listed or traded. In relation to overseas dealings, you will also comply with all laws of the state and all regulations of the stock exchange, market or dealing system in which such dealings take place; and you will not (and will procure so far as you are able that your spouse and children do not) deal or become or cease to be interested (within the meaning of Part 1 of Schedule XIII to the Companies Act 1985) in any securities of the Company except in accordance with any rules or guidelines from time to time relating to securities transactions by senior executives of the Company.