Date:15 May 2009 Board resolution The following resolution was passed at the meeting of the board of directors

of XYZ Company held on 15th May 2009 It is hereby resolved at the meeting of board of directors that company will arrange for credit facilities from Abu Dhabi Commercial bank(ADCB) and MR. ABC is hereby solely authorized to open, close and operate bank account, request for credit facilities, to accept any such facilities and to sign all credit/security documents/ instruments, required for credit facilities. Further resolved that MR.ABC be and hereby authorized to sign all cheques, bill of exchange, promissory notes, request / agreement forms for letters of credit, borrowing facility and amendments thereto, request/counter indemnities for Guarantees and extension thereto, foreign exchange contracts and request for purchase of cheques/bills etc. singly on behalf of XYZ company. He can also further sub delegate any or all his power to any other person. FOR XYZ COMPANY ----------------------------------ENRICO CARLO FUMANGALI Designation -------------------------------------HRAIR KHACHATOURIAN DESIGNATION ----------------------------------------------GIORDANO COLOMBO DESIGNATION ------------------------------------------------FOR DAGOMIS LTD ITS REPRESENTATIVE

---------------------------------GIANLUCA BONFATI DESIGNATION

-----------------------------------------------KRISTIAN KHACHATOURIAN DESIGNATION

PLS NOTE: ALL THE ABOVE CONTENTS SHOULD BE IN COMPANY LETTER HEAD AND WHITE FUEL LTD COMPANY STAMP SHOULD BE THERE