b) the provisions of Article 110 (Policy Covenants), Articles 121 to 124 (Indemnity), and Article
128 (Invalid Provisions) shall survive and continue in relation to an Investor as long as such
Investor holds any Investor Shares.

Preference Shares

61.

On the issue of redeemable preference shares the following provision shall take effect:

(a) No such shares shall be redeemed except out of the profits of the Company which would
otherwise be available for dividend or out of the proceeds of a fresh issue of shares made for
the purposes of the redemption.

(b) No such shares shall be redeemed unless they are fully paid.

( The premium, if any, payable on redemption shall be provided for out of the profits of the
Company or out of the Company's share premium account before the shares are redeemed.

(d) Where any such shares are redeemed otherwise than out of the proceeds of a fresh issue, there
shall, out of profits which would otherwise have been available for dividend be transferred to a
reserve account to be called, “The Capital Redemption Reserve Account” a sum equal to the
nominal amount of the shares redeemed and the provisions of the Act relating to the reduction
of the Share Capital of the company shall except as provided under Section 55 of the Act apply
as if the Capital Redemption Reserve Account were paid-up Share Capital of the Company.

(e) Subject to the provisions of Section 55 of the Act and these Articles, the redemption of
preference shares hereunder may be effected in accordance with the terms and conditions of
their issue and failing that in such manner as the Directors may think fit.

Variation of Rights, Voting Rights and Share Certificates

62.

63.

64.

Subject to the provisions of these Articles, the rights attached to the shares of any class may be varied
with the consent, in writing, of the holders of not less than three-fourths (3/4") of the issued shares of
that class or with the sanction of a Special Resolution passed at a separate meeting of the holders of the
issued shares of that class, provided that the variation of the rights and terms of the Investor Shares or
any shares or Share Equivalents held by the Investors shall require the prior written consent of the
Investors.

Each equity share shall carry one (1) vote on a poll.
If the share certificate is defaced, lost or destroyed, it may be renewed on such terms as the Board may

direct as to evidence and indemnity in investigation of such evidences. The expenses, if any, incurred by
the Company on such investigation shall be reimbursed on such terms as the Directors think fit.

Company's lien on shares partly paid-up

65.

The Company shall have a first and paramount lien for any moneys due from such Shareholder towards
calls made on shares, or for any debts, or liabilities due to the Company solely or jointly with any other
person, whether the period for the payment fulfillment or discharge thereof shall have actually become
due or not:

a. on all shares registered in his name; and

b. on all dividends and bonuses declared in respect of such shares.

*Restrictions on Transfer and transmission of shares

66.

The Board may, subject to the right of appeal conferred by the Section 58 of the Act decline to register,

@ the transfer of a share, not being a fully paid share, to a person of whom they do not approve;
or

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