¤ Committee meetings

The meetings of the Committee shall be presided over by the chairman of the Committee. Meetings of the Committee shall be held at least once every 6 (six) months and otherwise as often as circumstances require. Not less than 2 (two) such meetings shall be held in each financial year. All meetings of the Committee shall be conducted in English. The Company shall keep a minutes book containing the minutes of all meetings of the Committee in which there shall be recorded the time and place of such meeting, the names of those present and the proceedings thereof.

At least 3 (three) business days prior written notice of a meeting of the Committee shall be given to each member of the Committee. All notices for meetings of the Committee shall be in writing and shall specify the detailed agenda setting forth the business to be transacted, identifying in reasonable detail the issues to be considered by the members of the Committee at any such meeting. Further, copies of all relevant papers pertaining ot matters to be discussed at the meeting shall be distributed in advance of the proposed meeting, or in the case of a meeting on shorter notice, at least 24 (twenty four) hours in advance of the meeting to each of the Committee members. All notices shall be sent to each of the Committee members through email. The quorum for any meeting of the Committee shall be the presence, in person or through video conferencing, of a majority of the members of the Committee. No business shall be transacted at Committee meeting unless there is a valid quorum both at the time the meeting is called to order and throughout the meeting.

If within half an hour from the time appointed for a meeting of the Committee, a quorum is not present in accordance with the provisions of point 4 above, or if during the meeting there is no longer a quorum, the meeting shall be adjourned to take place 7 (Seven) days later (if such day is not a business day, then the next business day) at the same time and place as the original meeting. The agenda for an adjourned meeting shall be the same as the agenda for the original meeting. Decision Making: A decision shall be validly made at a meeting of the Committee only if passed at a validly constituted meeting by a simple majority of the members of the Committee. Each member shall be entitled to 1 (One) vote.