INTERNATIONAL LIMITED PARTNERSHIPS

An International Limited Partnership (pursuant to Part 2 of the International Business Act 1994) comprises a General Partner and one or more Limited Partners. Such a partnership is required to be registered in the Isle of Man under Part II of the Partnership Act 1909. The General Partner of a Limited Liability Partnership must be a company (other than one prescribed) which is resident, has a place of business in the Isle of Man and complies with any other requirements as may be prescribed. At least one director and the company secretary (who is suitably qualified) must reside in the Isle of Man. All Limited Partners, other than those, which are International Companies, must be resident outside the Isle of Man and not conduct any trade or business other than those, which are currently prescribed for an Exempt Company. The income and receipts of an International Limited Partnership should be derived from outside the Isle of Man, or from dealings with other International Companies or International Limited Partnerships, unless it arises from approved interest and dividend sources.

Crossman Trust Company Limited PO Box 1, Portland House, Station Road, Ballasalla, Isle of Man, IM99 6AB, British Islands. Telephone: +44 (0)1624 825805 or 822816, Fax: +44 (0)1624 824570, E-Mail: mail@crossmantrust.com