Preliminary Provisions Incorporation Memorandum and Articles Company Names Capacity and Powers Shares Issue of Shares Transfer of Shares Share Distributions Immobilisation of Bearer Shares Members Registered Office and Agent Company Records Administration General Provisions Management by Directors Appointment and Resignation Duties of Directors Proceedings of Directors Segregated Portfolio Companies Approval and Registration Attributes and Requirements Liquidation and Administration SPC General Provisions Registration of Charges Merger and Sale of Assets Continuation Members Remedies Foreign Companies Liquidation Insolvent Company Liquidation Striking Off and Dissolution Investigation of Companies Administration and General Transitional & Misellaneous Provisions Schedule 1, Part I: Fees Schedule 1, Part II: Penalties Schedule 1: Additional Provisions Schedule 2: Transitional Provisions Schedule 2, Part II: Reregistration Schedule 2: Automatic Reregistration Schedule 2, Part IV Schedule 2, Part V

BVI Business Companies Act, 2004

SCHEDULE 2

[Section 248]

TRANSITIONAL PROVISIONS

PART I - PRELIMINARY

Interpretation.

1. In this Schedule, “the transition period” means the period from 1st January 2005 to 31st December 2006.