nominal value of which different amounts have been paid up shall not be deemed to fall under the same
class.

Directors may extend time

33. The Board may, from time to time, at its discretion, extend the time fixed for the payment of any call
and may extend such time as to all or any of the members who on account of the residence at a distance
or other cause, which the Board may deem fairly entitled to such extension, but no member shall be
entitled to such extension save as a matter of grace and favour.

Calls to carry interest

34. If any Member fails to pay any call due from him on the day appointed for payment thereof, or any
such extension thereof as aforesaid, he shall be liable to pay interest on the same from the day
appointed for the payment thereof to the time of actual payment at such rate as shall from time to time
be fixed by the Board not exceeding 10% per annum but nothing in this Article shall render it
obligatory for the Board to demand or recover any interest from any such member.

Sums deemed to be calls

35. If by the terms of issue of any share or otherwise any amount is made payable at any fixed time or by
instalments at fixed time (whether on account of the amount of the share or by way of premium) every
such amount or instalment shall be payable as if it were a call duly made by the Directors and of which
due notice has been given and all the provisions herein contained in respect of calls shall apply to such
amount or instalment accordingly.

Proof on trial of suit for money due on shares

36. On the trial or hearing of any action or suit brought by the Company against any Member or his
representatives for the recovery of any money claimed to be due to the Company in respect of his
shares, if shall be sufficient to prove that the name of the Member in respect of whose shares the money
is sought to be recovered, appears entered on the Register of Members as the holder, at or subsequent to
the date at which the money is sought to be recovered is alleged to have become due on the share in
respect of which such money is sought to be recovered in the Minute Books; and that notice of such
call was duly given to the Member or his representatives used in pursuance of these Articles; and that it
shall not be necessary to prove the appointment of the Directors who made such call, nor that a quorum
of Directors was present at the Board at which any call was made was duly convened or constituted nor
any other matters whatsoever, but the proof of the matters aforesaid shall be conclusive evidence of the
debt.

Judgment, decree, partial payment not to proceed for forfeiture

37. Neither a judgment nor a decree in favour of the Company for calls or other moneys due in respect of
any shares nor any part payment or satisfaction thereunder nor the receipt by the Company of a portion
of any money which shall from time to time be due from any Member of the Company in respect of his
shares, either by way of principal or interest, nor any indulgence granted by the Company in respect of
the payment of any such money, shall preclude the Company from thereafter proceeding to enforce
forfeiture of such shares as hereinafter provided.

Payments in anticipation of calls may carry interest

38.a. | The Board may, if it thinks fit (subject to the provisions of the Act), agree to and receive from any
Member willing to advance the same, the whole or any part of the money due upon the shares held by
him beyond the sums actually called up, and upon the moneys so paid or satisfied in advance, or so
much thereof, as from time to time, and at any time thereafter as exceeds the amount of the calls then
made upon and due in respect of the shares on account of which such advances are made the Company
may pay interest, at such rate as the Member paying the sum in advance and the Board agree upon. The
Board may agree to repay at any time any amount so advanced or may at any time repay the same upon
giving to the Member three months’ notice in writing: provided that moneys paid in advance of calls on
shares may carry interest but shall not confer a right to dividend or to participate in profits.

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