Assistant

Oval

criminal action, it having been noticeo that a former employee's si9nature had been forged on a Corporation's document; and

RESOLVEP, that the meeting of Ganton India scheduled for January 10, 2012 is clearly in violation of the letter of Jitendra Garq of January 8, 2012, stating that there must be twenty-one days notice for a meeting of an Indian company; and

RESOLVED, that the Chairman hereby r~vokes all powers of attorney, instructions and authorization for Ravi Chauhan to resolve the Noida case are hereby revoked, canceled and null and void as of the date above; and

RESOLVED, that the Secretary not~fy ~hishek Verma, Ravi Chauhan, Gili dolan, Vikki Choudhry, Sam Lal, Sam Surve, Fred Shemla, Apca Neacsu and all other employees, consul~ant~ and perS9n affiliated with Ganton India or Ganton Projects to cea~e and desist from any possible transfer, sale, hypothecation of the current asset~, cash and cash equivalents, short-term investments, receivables, inventory, prepaid expenses, marketable securities; long term investments including investments in securities, bonds, common stock or long term notes, investments in fixed assets including land held for sale or development, investments in special funds or pension funds, property, plant and equipment; intangible assets including patents, copyrights, franchises, goodwill, trademarks, trade names and contract rights be th~y short or 10n9 term; and.

RESOLVED, that the Secretary be and he is hereby instructed to notify the persons listed above not to attempt to encumber the assets of Ganton India or Ganton Projects and to refrain from attempting to issue or issuing shares, debentures, notes or other im5tru.rnents in an attempt to reduce the Corporation's 99.99% interest in Ganton India and 100% interest in Ganton Projects; and

RESOLVED, that the Secretary be instructed to reQuire that Messrs. C andC Associates who represented the Corporation in the said Neida action, Case 254/2011, be required to send all court documents, briefs -nct memoranda to the Corporation by email and Federal Express; and

RESOLVED, that the Secretary be instructed to require J. K. Jain to provide a signed copy of the Financial $tatements for the period ending March 31, 2010 and su.bmit drafts of the Financial Statements for the periOd ending March 31, 2011 to the Corporation as the parent company of Ganton India and Ganton Projects; and

RESOLVED, that the Secretary of the Corporation be and he hereby is authorized and instructed to notify the High Court of Delhi of its findings as to fraud in the Noida transaction, Case 254/2011; and to request the Court to adjudicate any further action concerning the settlement which was negotiated without consultation with the Chairman.

The Chairman instructed the Secretary of the Meeting to

3

.--.......... -.------------"""'T"