IOM

Mike Simpson Correspondence to Edwin Coe 14/05/09

Dear Mr Greene,

KSFIOM

Thank you for your e-mail dated 13th May 2009. I have no objection to you
writing to me direct, although I would be grateful if you would copy your
letters to Seth Caine.

Dealing with the points raised in your e-mail, I would respond as follows,
using your paragraph numbering for ease of reference:-

  1. I have now received the proxies. Thank you.

IOM Companies Act 1931 Amended April 2004

Please see X for reference to Scheme of Arrangement as a 'compromise agreement'

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