Business.

2. The business of the Company shall include the business mentioned in the Memorandum of Association or such part thereof as the Board may from time to time think fit, subject, however, to any directions of any general meeting.

3. The Directors shall be at liberty to commence and carry on the business of the Company as soon as they shall think fit, and notwithstanding that the whole of the capital shall not have been subscribed for or issued, and may defray out of any moneys of the Company all expenses preliminary to, or connected with, the formation or promotion of the Company.