BP (BP)

Powers of the Directors in connection with sums due in respect of shares

34     (A)     The Directors may on the issue of shares differentiate between the holders as to the amount of calls to be paid and the times of payment.

(B)     The Directors may if they think fit receive from any member willing to advance the same all or any part of the moneys (whether on account of the nominal value of the shares or by way of premium) uncalled and unpaid upon the shares held by him and such payment in advance of calls shall extinguish pro tanto the liability upon the shares in respect of which it is made and upon the money so received (until and to the extent that the same would but for such advance become payable) the Company may pay interest at such rate (not exceeding twelve per cent. per annum) as the member paying such sum and the Directors may agree.

(C)     Whenever any law for the time being of any country, state or place imposes or purports to impose any immediate or future or possible liability upon the Company to make any payment or empowers any government or taxing authority or government official to require the Company to make any payment in respect of any shares registered in any of the Company’s registers as held either jointly or solely by any member or in respect of any dividends, bonuses or other moneys due or payable or accruing due or which may become due or payable to such member by the Company on or in respect of any shares registered as aforesaid or for or on account or in respect of any member and whether in consequence of:

(i)     the death of such member;

(ii)     the non-payment of any income tax or other tax by such member;

(iii)     the non-payment of any estate, probate, succession, death, stamp, or other duty by the executor or administrator of such member or by or out of his estate; or

(iv)     any other act or thing,

Powers
of the Directors in connection with sums due in respect of shares

34     (A)     The
Directors may on the issue of shares differentiate between the holders as to the amount of calls to be paid and the times of payment.

(B)     The
Directors may if they think fit receive from any member willing to advance the same all or any part of the moneys (whether on account
of the nominal value of the shares or by way of premium) uncalled and unpaid upon the shares held by him and such payment in advance
of calls shall extinguish pro tanto the liability
upon the shares in respect of which it is made and upon the money so received (until and to the extent that the same would but for
such advance become payable) the Company may pay interest at such rate (not exceeding twelve per cent. per annum) as the member
paying such sum and the Directors may agree.

(C)     Whenever
any law for the time being of any country, state or place imposes or purports to impose any immediate or future or possible liability
upon the Company to make any payment or empowers any government or taxing authority or government official to require the Company to
make any payment in respect of any shares registered in any of the Company’s registers as held either jointly or solely by any
member or in respect of any dividends, bonuses or other moneys due or payable or accruing due or which may become due or payable to
such member by the Company on or in respect of any shares registered as aforesaid or for or on account or in respect of any member
and whether in consequence of:

(i)     the
death of such member;

(ii)     the
non-payment of any income tax or other tax by such member;

(iii)     the
non-payment of any estate, probate, succession, death, stamp, or other duty by the executor or administrator of such member or by or
out of his estate; or

(iv)     any
other act or thing,