AMENDED AND RESTATED OPERATING AGREEMENT
THIS AMENDED AND RESTATED OPERATING AGREEMENT (this "Amended and Restated
Agreement") of NTL (Triangle) LLC (the "Company") is dated as of this 3rd day of
April, 2000 and amends and restates the Operating Agreement (the "Agreement") of
the Company, dated as of the 14th day of November, 1999.
RECITAL
NTL Group Limited, the sole member of the Company (the "Member") pursuant
to a written consent, dated as of the date hereof and adopted in compliance with
Section 2.2(b) of the Agreement and Section 18-302(d) of the Delaware Limited
Liability Company Act and any successor statute, as amended from time to time
(the "Act") has approved the amendment and restatement of the Agreement.
ARTICLE 1
The Limited Liability Company
-----------------------------
1.1 Name. The name of the Company shall be "NTL (Triangle) LLC" and its
business shall be carried on in such name with such variations and changes as
the Board (as defined herein) shall determine or deem reasonably necessary to
comply with requirements of the jurisdictions in which the Company's operations
are conducted, have previously been conducted, or are expected to be conducted.
1.2 Business Purpose; Powers. The business purpose of the Company is to
engage in any lawful business or activity in which limited liability companies
are permitted to engage under the Act. The Company shall possess and may
exercise all the powers and privileges granted by the Act, by any other law or
by this Amended and Restated Agreement, together with any powers incidental
thereto, insofar as such powers and privileges are necessary, appropriate,
advisable, incidental or convenient to the conduct, promotion or attainment of
the business purposes or activities of the Company.
1.3 Registered Office and Agent. The Company shall maintain a registered
office in the State of Delaware. The name and address of the Company's
registered agent in the State of Delaware is, Corporation Service Company, 0000
Xxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxx 00000. The Board or a duly authorized
committee thereof may, from time to time, change the Company's registered office
and/or registered agent and shall forthwith amend the Certificate of Formation
to reflect such change(s).
1.4 Term. Subject to the provisions of Articles 7 and 9 below, the Company
shall have perpetual existence.
1.5 Principal Place of Business. The principal place of business of the
Company shall be at NTL House, Xxxxxxx Xxxx Xxxxxxxx Xxxx, Xxxx, Xxxxxxxxx XX00
0XX, Xxxxxx Xxxxxxx, or such other location as the Board may, from time to time,
select.
1.6 Title to Company Property. Legal title to all property of the Company
shall be held, and vested and conveyed in the name and on behalf of the Company
and no real or other property of the Company shall be deemed to be owned by the
Member individually. The Common Shares (as defined herein) held by the Member
shall constitute personal property.
1.7 Business Transactions of the Member with the Company. In accordance
with Section 18-107 of the Act, the Member and/or one or more Directors (as
defined herein) may transact business with the Company and, subject to
applicable law, shall have the same rights and obligations with respect to any
such matter as a person who is not a member or director of the Company.
1.8 Fiscal Year. The fiscal year of the Company for financial statement
purposes shall end on December 31 of each year.
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ARTICLE 2
The Member
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2.1 The Member. The name and address of the Member is as follows:
Name Address
---- -------
NTL Group Limited NTL House
Xxxxxxx Xxxx Xxxxxxxx Xxxx
Xxxx, Xxxxxxxxx XX00 0XX
Xxxxxx Xxxxxxx
2.2 Member Meetings.
(i) Actions by the Member; Meetings. The Member may approve a matter or
take any action at a meeting or without a meeting by the written consent of the
Member pursuant to subparagraph (ii) below. Meetings of the Member may be called
at any time by the Member.
(ii) Action by Written Consent. Any action may be taken by the Member
without a meeting if authorized by the written consent of the Member. In no
instance where action is authorized by written consent of the Member will a
meeting of the Member be called or notice be given. However, a copy of the
action taken by written consent of the Member shall be filed with the records of
the Company. The management of the Member shall not execute such written consent
while outside the United Kingdom.
(iii) Place of Meetings. The Board or a duly authorized committee thereof
may designate any place within the United Kingdom as the place of meeting for
any regular meeting or for any special meeting. If no designation is made, the
place of the regular or special meeting shall be NTL House, Xxxxxxx Xxxx
Xxxxxxxx Xxxx, Xxxx, Xxxxxxxxx XX00 0XX, Xxxxxx Xxxxxxx. The management of the
Member may participate in a meeting by means of conference telephone or similar
communication equipment by means of which all persons participating in the
meeting can hear each other, and any such participation in a meeting shall
constitute presence in person of such management personnel of the Member at such
meeting. Notwithstanding the previous sentence, the management of the Member
while outside the United Kingdom shall not act in matters regarding the
management and control of the Company when participating in any meeting of the
Member by means of conference telephone.
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(iv) Notice of Meetings. Written notice stating the place, day, and hour of
the meeting and, in the case of a special meeting, the purpose for which the
meeting is called shall be delivered not less than ten (10) days nor more than
sixty (60) days before the date of the meeting, either personally, by facsimile
or by mail, by or at the direction of any Director calling the meeting to the
Member of record of Common Shares entitled to vote at such meeting.
(v) Waiver of Notice. When any notice is required to be given to the Member
under the provisions of this Amended and Restated Agreement, a waiver thereof in
writing signed by the person entitled to such notice, whether before, at, or
after the time stated therein, shall be equivalent to the giving of such notice.
Attendance of the Member at the meeting is also a wavier of notice.
2.3 Liability of the Member. All debts, obligations and liabilities of the
Company, whether arising in contract, tort or otherwise, shall be solely the
debts, obligations and liabilities of the Company, and the Member shall not be
obligated personally for any such debt, obligation or liability of the Company
solely by reason of being a member.
2.4 Admission of Members. New members shall be admitted only upon the
approval of the Member.
ARTICLE 3
The Board of Directors
----------------------
3.1 Management By Board of Directors. Subject to such matters that are
expressly required by this Amended and Restated Agreement to be submitted to a
vote of the Member, the business and affairs of the Company shall be managed by
or under the direction of a Board of Directors (the "Board"). The Board shall
have substantially similar rights, duties, obligations, and responsibilities as
enumerated in Section 141 of the Delaware General Corporation Law. The Board
shall be deemed to be a board of managers, and each director shall be deemed to
be a "manager", for purposes of the Act. Other than rights and powers expressly
reserved to the Member and authority delegated to officers of the Company in
accordance with this Amended and Restated Agreement, the Board shall have full,
independent, exclusive and complete discretion to manage and control the
business and affairs of the Company, to make all decisions affecting the
business and affairs of the Company and to take all such actions as it deems
necessary or appropriate to accomplish the purposes of the Company as set forth
herein.
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3.2 Decisions Affecting Policy or Management of the Company. The Board
shall have the ultimate authority to make decisions on matters affecting the
policy or management of the Company including, but not restricted to, the
following:
(i) structuring or financing the operations of the Company, including debt
financing, issuing capital, and approving the transfer of Common Shares;
(ii) appointing officers, revoking of such appointments, and determining
the remuneration of officers and Directors;
(iii) discussing, negotiating and finalizing any material contracts,
including the sale or acquisition of Company assets or investments, whether
intra-group or with a third party;
(iv) approving any changes in the accounts of the Company, including the
payment of distributions to the Member; and
(v) entering into new business opportunities and reevaluating current
business relationships.
3.3 Composition of the Board of Directors. The Board shall consist of no
less than two (2) individuals, the exact number to be determined from time to
time by the resolution of the Board (collectively, the "Directors"). Directors
shall be elected by the Member and shall hold office until their successors have
been duly elected and qualified, subject, however, to a Director's earlier
death, resignation, retirement, disqualification or removal from office.
3.4 Meetings of the Board.
(i) The Board shall hold meetings, both regular and special, at such times
as may be necessary for the Company's business. Regular meetings of the Board
may be held without notice at such time as shall from time to time be determined
by the Board. Special meetings of the Board may be called on one (1) days'
notice to each Director upon the written request of any one (1) Director. A
quorum for a regular or special meeting shall exist when a majority of the
Directors are participating in the meeting either in person or by conference
telephone and such Directors are located in the United Kingdom at the time of
such meeting.
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(ii) Notice of any Board meeting may be waived by any Director before, at
or after such meeting. Attendance of a Director at a meeting is also a waiver of
notice by such Director.
(iii) All meetings of the Board of Directors shall only be held in the
United Kingdom. The Board or a duly authorized committee thereof shall have the
power to designate the specific place of all meetings.
(iv) All actions of the Board shall require the affirmative vote of a
majority of the Directors who constitute the quorum.
(v) At all meetings of the Board a full and accurate record shall be kept
by the Secretary or person charged with such duties.
(vi) Meetings of the Board may be conducted in person or by means of
conference telephone or similar communications equipment by means of which all
persons participating in the meeting can hear each other, and any such
participation in a meeting shall constitute presence in person of such Director
at such meeting. Notwithstanding the previous sentence, Directors while outside
the United Kingdom shall not act in matters regarding the management and control
of the Company when participating in any meeting of the Board by means of
conference telephone.
(vii) In accordance with Section 18-404(d) of the Act, any action required
or permitted to be taken at any meeting of the Board may be taken without a
meeting, without prior notice and without a vote if the number of Directors
having not less than the minimum number of votes that would be necessary to
authorize or take such action at a meeting of the Board or any committee thereof
consent thereto in writing. The writing or writings effectuating such written
consent must be filed with the minutes of proceedings of the Board. No Director
shall execute such written consent while outside the United Kingdom.
3.5 Power to Bind Company. No Director (acting in his capacity as such)
shall have any authority to bind the Company to any third party with respect to
any matter except pursuant to a resolution expressly authorizing such action
which resolution is duly adopted by the Board by the affirmative vote required
for such matter pursuant to this Amended and Restated Agreement.
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3.6 Vacancies. Any vacancies occurring on the Board may be filled by a
majority of the remaining Directors (even if less than a quorum) or by election
at a meeting of the Member called for that purpose. A Director chosen to fill a
vacancy shall serve the unexpired term of the Director's predecessor in office.
Any Director's position to be filled by reason of an increase in the number of
Directors shall be filled by a majority of the Directors then in office or by
election at any meeting of the Member called for that purpose. A Director chosen
to fill a position resulting from an increase in the number of Directors shall
hold, office until the Director's successor has been duly elected and qualified,
subject however, to a Director's earlier death, resignation, retirement,
disqualification or removal from office.
3.7 Resignation. Any Director may resign at any time by giving written
notice to the remaining Directors. The resignation of any Director shall take
effect upon receipt of written notice thereof or at such later time as shall be
specified in such written notice; and, unless otherwise specified therein, the
acceptance of such resignation shall not be necessary to make it effective.
3.8 Removal. At a Member's meeting called expressly for that purpose, all
Directors or any lesser number may be removed, with or without cause, by the
vote of the Member.
3.9 Committees. By resolution duly adopted by the Board, the Board may
designate two or more Directors to constitute a committee of the Board. Each
committee shall conduct its business in the same manner as the Board conducts
its business pursuant to this Amended and Restated Agreement. Each committee
will present reports and other findings at the request of the Board or pursuant
to the resolution authorizing such committee.
3.10 Qualification of Directors. All members of the Board shall be persons
who are residents of the United Kingdom for all purposes (at the time of their
appointment or election and during their initial term, any extension thereof or
any subsequent term) and who have the appropriate expertise and experience in
overseeing the business and affairs of an enterprise similar to the Company.
3.11 Liability of Directors. Except as set forth in Section 3.12, no
Director shall be personally liable for the debts, obligations or liabilities of
the Company, including any such debts, obligations or liabilities arising under
a judgment, decree or order of a court and shall not be required to lend or
advance any funds to the Company.
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3.12 Fiduciary Duties. Each Director shall have the same fiduciary duties
as a member of a board of directors of a Delaware corporation. Directors shall
be personally liable to the Company or the Member for monetary damages for
breach of fiduciary duty as a Director, in cases where the Directors (i) breach
the duty of loyalty to the Company or the Member, (ii) act or omit to act not in
good faith or carry out intentional misconduct or a knowing violation of law or
(iii) conduct transactions from which the Directors derived any improper
personal benefit.
3.13 Officers and Related Persons. Subject to the terms of any employment
agreements to which the Company is a party, the Board shall have the authority
to appoint and terminate officers of the Company and retain and terminate
employees, agents and consultants of the Company and to delegate such duties to
any such officers, employees, agents and consultants as the Board deems
appropriate, including the power, acting individually or jointly, to represent
and bind the Company in all matters, in accordance with the scope of their
respective duties. All officers of the Company shall be persons who are
residents of the United Kingdom for all purposes (at the time of their
appointment and during their initial term, any extension thereof or any
subsequent term) and who have appropriate expertise and experience in managing
the business and affairs of an enterprise similar to the Company.
ARTICLE 4
Capital Structure and Contributions
-----------------------------------
4.1 Capital Structure. Subject to the terms of this Amended and Restated
Agreement, the capital structure of the Company shall consist of one class of
common membership interest (the "Common Shares"). Common Shares shall constitute
the limited liability company interests under the Act. The total number of
Common Shares which the Company shall have the authority to issue is 800,000
with a par value of Pound Sterling 0.01 per share. All Common Shares shall be
identical with each other in every respect. The Board or a duly authorized
committee thereof is expressly authorized, by resolution or resolutions, to
create and to issue, out of unissued shares, different classes, groups or series
of shares and to fix for each such class, group or series such voting powers,
full or limited or no voting powers, and such designations, preferences and
relative participating, optional or other special rights and qualifications,
limitations or restrictions as determined by the Board or a duly authorized
committee thereof.
4.2 Capital Contributions. In accordance with Section 18-502 of the Act,
the Board may not request the Member to make capital contributions to the
Company.
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ARTICLE 5
Books of Account and Distributions
----------------------------------
5.1 Books of Account. For financial, accounting and tax purposes, the books
and records of the Company shall be determined on an annual basis in accordance
with the appropriate rules utilized for United Kingdom Generally Accepted
Accounting Principles. The books of account of the Company shall be closed after
the close of each calendar year, and there shall be prepared appropriate
financial statements.
5.2 Distributions. The Board shall determine if cash is available for
distribution and the amount, if any, to be distributed to the Member, and shall
authorize and distribute on the Common Shares, the determined amount, subject to
applicable law, when, as and if such distribution is declared by the Board.
5.3 Withholding Taxes. The Company is authorized to withhold from
distributions to the Member, or with respect to allocations to the Member, and
to pay over to a foreign, federal, state or local government, any amounts
required to be withheld pursuant to the Internal Revenue Code of 1986, as
amended (the "Code"), or any provisions of any other foreign, federal, state or
local law pursuant to Section 18-1107 of the Act. Any amounts so withheld shall
be treated as having been distributed to the Member under this Article 5 for all
purposes of this Agreement, and shall be offset against the current or next
amounts otherwise distributable to the Member.
ARTICLE 6
Company Records
---------------
The Board shall cause to be maintained at a designated place in the United
Kingdom complete and accurate records of the Company's affairs, including minute
books and documents required by governing statutes. If no designation is made,
the records shall be maintained at NTL House, Xxxxxxx Xxxx Xxxxxxxx Xxxx, Xxxx,
Xxxxxxxxx XX00 0XX, Xxxxxx Xxxxxxx. The books of account shall be kept on such
method of accounting as the Board shall select. The Company's accounting period
shall be as determined by the Board.
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ARTICLE 7
Events of Dissolution
---------------------
Subject to approval by the Board, the Company shall be dissolved upon the
occurrence of any of the following events (each, an "Event of Dissolution"):
(i) The Member votes for dissolution; or
(ii) A judicial dissolution of the Company under Section 18-802 of the Act.
ARTICLE 8
Transfer of Interests in the Company
------------------------------------
Subject to approval by the Board, the Member may sell, assign, transfer,
convey, gift, exchange or otherwise dispose of any or all of its Common Shares
and, upon receipt by the Company of a written agreement by the person or
business entity to whom such Common Shares are to be transferred agreeing to be
bound by the terms of this Amended and Restated Agreement, such person shall be
admitted as a member.
ARTICLE 9
Termination
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9.1 Liquidation. In the event that an Event of Dissolution shall occur,
then the Company shall be liquidated and its affairs shall be wound up. All
proceeds from such liquidation shall be distributed in accordance with the
provisions of Section 18-804 of the Act, and all Common Shares in the Company
shall be cancelled.
9.2 Final Accounting. In the event of the dissolution of the Company, prior
to any liquidation, a proper accounting shall be made to the Member from the
date of the last previous accounting to the date of dissolution.
9.3 Distribution in Kind. In accordance with Section 18-605 of the Act, all
or any portion of the Company's assets may be distributed in kind to the Member
in the event the Board determines that it is in the best interests of the
Company.
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9.4 Cancellation of Certificate. Upon the completion of the winding up of
the Company and the distribution of the Company's assets, the Company shall be
terminated and the Member shall cause the Company to execute and file a
Certificate of Cancellation in accordance with Section 18-203 of the Act.
ARTICLE 10
Exculpation and Indemnification
-------------------------------
10.1 Exculpation. Notwithstanding any other provision of this Amended and
Restated Agreement, whether express or implied, or obligation or duty at law or
in equity, none of the Member, Directors, or any officers, directors,
shareholders, consultants, employees, representatives or agents of any of the
foregoing, nor any officer, employee, representative or agent of the Company or
any of its affiliates (individually, a "Covered Person") shall be liable to the
Company or any other person for any act or omission (in relation to the Company,
this Amended and Restated Agreement, any related document or any transaction or
investment contemplated hereby or thereby) taken or omitted by a Covered Person
in the reasonable belief that such act or omission is in or is not contrary to
the best interests of the Company and is within the scope of authority granted
to such Covered Person by this Amended and Restated Agreement; provided such act
or omission does not constitute fraud, willful misconduct, bad faith or gross
negligence.
10.2 Indemnification. To the fullest extent permitted by law, the Company
shall indemnify and hold harmless each Covered Person from and against any and
all losses, claims, demands, liabilities, expenses, judgments, fines,
settlements and other amounts arising from any and all claims, demands, actions,
suits or proceedings, civil, criminal, administrative or investigative
(collectively, "Claims"), in which the Covered Person may be involved, or
threatened to be involved, as a party or otherwise, by reason of its management
of the business and affairs of the Company or which relates to or arises out of
the Company or its property, business or affairs. A Covered Person shall not be
entitled to indemnification under this Section 10.2 with respect to (i) any
Claim with respect to which such Covered Person has engaged in fraud, willful
misconduct, bad faith or gross negligence or (ii) any Claim initiated by such
Covered Person unless such Claim (or part thereof) (a) was brought to enforce
such Covered Person's rights to indemnification hereunder or (b) was authorized
or consented to by the Board prior to its initiation by the Covered Person.
Expenses incurred by a Covered Person in defending any Claim shall be paid by
the Company upon presentation to the Company of satisfactory documentation
evidencing such expenses and in advance of the final disposition of such Claim
upon receipt by the Company of an undertaking by or on behalf of such Covered
Person to repay any amounts advanced by the Company promptly, in full, if it
shall be ultimately determined that such Covered Person is not entitled to be
indemnified by the Company as authorized by this Article 10.
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10.3 Nonexclusive Remedy. The rights and remedies under this Article 10
shall not be deemed or considered exclusive of or (in any way) diminish, limit,
restrict, alter or otherwise adversely affect any other right to exculpation or
to indemnification or any other right or remedy available to any Covered Person
under this Amended and Restated Agreement, any other agreement, any vote of the
Board, any applicable law or otherwise, both with respect to acts or omissions
in an official capacity and acts or omissions in a separate capacity while
holding such official capacity.
10.4 Additional Covered Persons. The Board or a duly authorized committee
thereof may, in its sole and absolute discretion, provide the rights set forth
in this Article 10 to any employee, representative, consultant, advisor or agent
of the Company and in such case, such persons shall have all the rights and
entitlements of and be deemed to be a Covered Person as of the date determined
by the Board in its sole and absolute discretion.
10.5 Amendments. Any repeal or modification of this Article 10 by the
Member shall not adversely affect any rights of such Covered Person pursuant to
this Article 10, including the right to indemnification and to the advancement
of expenses of a Covered Person existing at the time of such repeal or
modification with respect to any acts or omissions occurring prior to such
repeal or modification.
ARTICLE 11
Amendment to Amended and Restated Agreement
-------------------------------------------
Amendments to this Amended and Restated Agreement and to the Certificate of
Formation of the Company shall be approved in writing by the Member. This
Amended and Restated Agreement may be amended at any time and from time to time.
An amendment shall become effective as of the date specified in the approval of
the Member or if none is specified as of the date of such approval or as
otherwise provided in the Act.
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ARTICLE 12
General Provisions
------------------
12.1 Signatory Authority over Bank Accounts. Only the Directors, officers,
or delegated persons under the control or direction of Directors and officers
who are residents of the United Kingdom shall have the sole signatory authority
over the Company's bank accounts.
12.2 Notices. Unless otherwise specifically provided in this Amended and
Restated Agreement, all notices and other communications required or permitted
to be given hereunder shall be in writing and shall be (i) delivered by hand,
(ii) delivered by a recognized commercial overnight delivery service, (iii)
mailed postage prepaid by first class mail in any such case directed or
addressed to the address set forth below or (iv) transmitted by facsimile to:
If to the Member, to: NTL Group Limited
Attention: Xxxxxx Xxxxxxxxx, Secretary
NTL House
Xxxxxxx Xxxx Xxxxxxxx Xxxx
Xxxx, Xxxxxxxxx XX00 0XX
Xxxxxx Xxxxxxx
Facsimile No.: 01256 752170
with a copy to: Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP
Attention: Xxxxxx X. Xxxxxxx, Esq.
Xxxx Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Xxxxxx Xxxxxx
Facsimile No.: (011) (000) 000-0000
Such notices shall be effective: (a) in the case of hand deliveries when
received; (b) in the case of a commercial overnight delivery service, on the
next business day after being placed in the possession of such delivery service,
with delivery charges prepaid; (c) in the case of mail, five (5) days after
deposit in the postal system, first class mail, postage prepaid; and (d) in the
case of facsimile notices, when electronic indication of receipt is received.
Any party may change its address and facsimile number by written notice to the
other given in accordance with this Section 12.2.
12.3 Construction Principles. As used in this Amended and Restated
Agreement words in any gender shall be deemed to include all other genders. The
singular shall be deemed to include the plural and vice versa. The captions and
article and section headings in this Amended and Restated Agreement are inserted
for convenience of reference only and are not intended to have significance for
the interpretation of or construction of the provisions of this Amended and
Restated Agreement.
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12.4 Severability. If any provision of this Amended and Restated Agreement
is held to be invalid or unenforceable for any reason, such provision shall be
ineffective to the extent of such invalidity or unenforceability; provided,
however, that the remaining provisions will continue in full force and effect
without being impaired or invalidated in any way unless such invalid or
unenforceable provision or clause shall be so significant as to materially
affect the expectations of the Member regarding this Amended and Restated
Agreement. Otherwise, any invalid or unenforceable provision shall be replaced
by the Member with a valid provision which most closely approximates the intent
and economic effect of the invalid or unenforceable provision.
12.5 Governing Law. This Amended and Restated Agreement shall be governed
by and construed in accordance with the laws of the State of Delaware without
regard to the principles of conflicts of laws thereof.
12.6 Binding Effect. This Amended and Restated Agreement shall be binding
upon, and inure to the benefit of, the Member and any person who is properly
admitted as a member pursuant to this Amended and Restated Agreement.
12.7 Additional Documents and Acts. The Member agrees to execute and
deliver such additional documents and instruments and to perform such additional
acts (including undertakings concerning appointment of an agent for service of
process in the Island of Bermuda (solely with respect to activities that
occurred on or prior to the conversion of the Company from a limited company to
a limited liability company) and the State of Delaware, the payment of filing
and other fees, the keeping of books and records, and making publications or
periodic filings) as may be necessary or appropriate to effectuate, carry out
and perform all of the terms, provisions, and conditions of this Amended and
Restated Agreement and of the transactions contemplated hereby.
12.8 No Third-Party Beneficiary. This Amended and Restated Agreement is
made solely for the benefit of the Member and any person who is properly
admitted as a member pursuant to this Amended and Restated Agreement and no
other person shall have any rights, interests, or claims hereunder or otherwise
be entitled to any benefits under or on account of this Amended and Restated
Agreement as a third-party beneficiary or otherwise.
12.9 Limited Liability Company. The Member intends to form a limited
liability company and does not intend to form a partnership under the laws of
the State of Delaware or any other laws.
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IN WITNESS WHEREOF, the undersigned authorized representative of the Member
has duly executed and delivered this Amended and Restated Agreement for and on
behalf of the Member as of the date first above written.
NTL GROUP LIMITED
By: /s/ Xxxxxx Xxxxxxxxx
-------------------------------
Name: Xxxxxx Xxxxxxxxx
Title: Director and Secretary
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