I, Mr. Saadoon Abdulhasan Ali, the founder of the Company and the sole holder of all of its shares, have resolved the following on 12/01/2013 at the company’s premises located at Baghdad, Babylon Neighborhood, Mahala 929, Lane 25, D 25, at 11:00 am:

First: To relieve myself, I, Mr. Saadoon Abdulhasan Ali, from my position as the Company’s Managing Director.
Second: To relieve Mr. Thaer Mohsen Jaber from his position as the Deputy Managing Director.
Third: To appoint Mr. Thaer Mohsen Jaber as the Company’s Managing Director and grant him all powers of the Managing Director.