COMPOSITION
| (a) | The Committee shall be appointed by the Board from amongst the Directors of the Company and shall consist of not less than three (3) members. The appointment terminates when a member ceases to be a Director. |
| (b) | The members of the Committee must be majority of Independent Directors. |
| (c) | No Alternate Director shall be appointed as a member of the Committee. |
| (d) | The members of the Committee shall elect a Chairman from amongst their number. |
| (e) | In the event of any vacancy in the Committee resulting in the number of members being reduced to below three (3), the Board shall, within 3 months fill the vacancy. |
| (f) | The Board shall have the discretion as it deems fit to rescind and/or revoke the appointment of any person(s) in the Committee. |
| (g) | Members of the Committee may relinquish their membership in the Committee with prior written notice to the Company Secretary. |