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Cayman Islands: Winding Up order issued for Bateman & Company

screen-shot-2016-10-03-at-9-12-52-amIN THE GRAND COURT OF THE CAYMAN ISLANDS FINANCIAL SERVICES DIVISION

CAUSE NO: 123 OF 2016 (IMJ)

WINDING UP ORDER

UPON HEARING counsel for the Petitioner upon its petition dated 10th August 2016 (“the Petition”) for an Order that BATEMAN & COMPANY LTD (the “Company”) be wound up

AND UPON reading the Petition and the First and Second Affidavits of Christopher Johnson and Graham Robinson

IT IS ORDERED THAT:-

1. The appointment of Mr Christopher Johnson and Mr Graham Robinson as Joint
Provisional Liquidators of the Company be discharged.

2. The Company be wound up in accordance with the Companies Law (2013 Revision) (as amended) (the “Companies Law”).

3. Mr Christopher Johnson and Mr Graham Robinson both of Chris Johnson Associates Ltd, Elizabethan Square, Shedden Road, PO Box 2499, George Town, Cayman Islands KY1-1104 be appointed as joint official liquidators of the Company (the “JOLs”).

4. The JOLs be authorised to exercise the powers listed in paragraphs 2, 10 and 11 of PART I of the Third Schedule to the Companies Law without further sanction or intervention of the Court.

5. The JOLs be authorised to commence proceedings for the recognition of their appointment by the courts of the United States of America, Canada and the Commonwealth of the Bahamas and to retain local counsel for such purpose on such terms as they consider appropriate.

6. The JOLs be authorised to do any act or thing considered by them to be necessary or desirable in connection with the liquidation of the Company and the winding up of its affairs.

7. The JOLs do file with the Clerk of the Court a report in writing of the position of the Company and the progress which the liquidators have made with the winding up of the Company, with the realisation of its assets and in relation to any other matters

connected to the winding up of the Company, within three months of the date of this
Order.

8. The JOLs be at liberty to appoint such counsel, attorneys, professional advisors, whether in the Cayman Islands or elsewhere, as they may consider necessary to advise and assist them in the performance of their duties and on such terms as they may think fit and to remunerate them out of the assets of the Company.

9. No disposition of the Company’s property by or with the authority of the JOLs in carrying out their duties and functions and exercise of their powers under this Order shall be voided by virtue of section 99 of the Companies Law.

10. The JOLs and their staff be remunerated for their professional services and time in accordance with Part Ill of the Insolvency Practitioners Regulations 2008 (as amended).

11. The JOLs be at liberty to apply generally.

12. The remuneration and expenses of the Joint Provisional Liquidators be paid out of the assets of the Company as an expense of the official liquidation.

13. The costs of the Petition and the Petitioner be paid out of the assets of the Company on the indemnity basis.

Dated the 29th day of September 2016

Filed the 29th day of September 2016

(signed)

The Honourable Mrs Justice Mangatal

JUDGE OF THE GRAND COURT

This Order was filed by Higgs & Johnson, Attorneys-at-Law for the Petitioner, whose address for service is at 2nd Floor, Willow House, Cricket Square, PO Box 866, George Town, Grand Cayman, KY1-1103

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