ASTUTE PMC SERVICES FZCO

Memorandum of Association of ASTUTE PMC SERVICES - FZCO.1. The name is ASTUTE PMC SERVICES - FZCO (the “FZCO”).2. The registered office of the FZCO will be situated in the IFZA Dubai area within Dubai Silicon Oasis (”IFZA Dubai”).3. The objects for which the FZCO is established are:a. To carry on all such business within the area of in the IFZA Dubai in the Free Zone as the Dubai Silicon Oasis Authority (the “Authority”) may permit under the terms of the License issued in respect of the FZCO.b. To carry on any other trade or business which can, in the opinion of the board of Directors, and subject to the Authority’s approval, be advantageously carried on by the FZCO in connection with or as ancillary to any of the above business or the general business of the FZCO.4. The Shareholders of the FZCO shall consist of not less than one (1) person and not more than ten (10) persons, and subject to such rules and regulations amended and/or issued by the Authority from time to time.5. The liability of a Shareholder shall be limited to the unpaid contribution towards the shares held by the Shareholder in the FZCO.6. Any provisions of clauses of this Memorandum of Association may be amended, modified, varied, altered, changed or substituted by shareholders resolution.7. The FZCO shall have a separate legal personality wholly distinct from that of its shareholders and any liability of the Shareholders for the debts or obligations of the FZCO shall be limited to a Shareholder’s unpaid contribution towards the shares held in the FZCO by that shareholder.8. If Articles of Association of the FZCO are not registered, the Implementing Regulations No. (1 /2006) Issued pursuant to Law No. (7) of 2004 as amended by Law No. (16) of 2005 by H.H Maktoum Bin Rashid Al Maktoum, Ruler of Dubai, and the UAE Federal Law No. (2) of 2015 Regarding Commercial Companies and its Amendments will govern and regulate the FZCO.