WHEREAS iStructure PCC PLC (the “Issuer”) has issued ETI units named CrediTech Global Income GBP Asset Backed ETI, having ISIN GB00BYXBHJ53 (the “ETI Units”) in respect of cell 23 (the “Cell 23”).
WHEREAS the Board of Directors confirm that there are no investors subscribed to the ETI Units (apart from those held by the Collateral Obligor, i.e.ETl Luxembourg S.ar.l in respect of compartment 7).
WHEREAS the Board of Directors confirm that there are no investments held by Cell 23.
WHEREAS the Issuer wishes to enter into a redemption (in kind) agreement with the Collateral Obligor.
WHEREAS the Issuer wishes to terminate the ISIN issued by the Malta Stock Exchange subsequent to the redemption (in kind).
WHEREAS the Issuer wishes to close all and any bank accounts opened in the name of its Cell 23.
WHEREAS the Issuer wishes to close Cell 23 — CrediTech Global Income GBP Asset Backed ETl, having ISIN GB00BYXBHJ53.
It is hereby unanimously resolved:
1. To approve the Redemption (in kind) Agreement between Issuer in respect of cell 23 and the Collateral Obligor in respect of compartment 7 therewith they agree to redeem all the ETI Units and all the Bonds held by each respectively;
2. Subsequently to apply with CREST for the cancelation of the ISIN;
3. To cancel and disable all the ETI units;
4. To close all and any bank accounts held with any bank, in the name of the Issuer’s Cell 23;
5. To confirm that once any and all liabilities have been settled, to close the Issuer’s Cell 23;
6. To approve the submission of all and any necessary documentation required by any authority and / or bank in order to cancel the ISIN and finalise the closing of the above-mentioned.
7. To notify any other third party, as may be required, of the closure of the Cell 32.
This resolution may be executed in counterpart. Each counterpart is to be read as an original document and all such counterparts are to be deemed as representing the same document.