Section 81, Cap. 287

Each Director shall have power by an instrument in writing to Alternatenominate any person to act as alternate Director in his place and at his Director. discretion to remove such alternate Director; and on such appointment being made the alternate Director shall be subject in all respects to the terms and conditions affecting the other Directors. An alternate Director so appointed shall be entitled to attend and vote as a Director at any meetings of Directors at which the Director appointing him is not present and generally to exercise all the powers, rights, duties and authorities of the Director appointing him. Should an alternate Director also be a Director of the Company, all rights vested in him as an alternate Director (including the right of voting at meetings) shall be in addition to and not in substitution for his rights as a Director. Any instrument appointing an alternate Director shall be delivered to and retained by the Company. If the Director making any such appointment as aforesaid shall cease to be a Director, the person appointed by him shall cease to have any power or authority to act as an alternate Director. DIRECToRs' CoNTRACTs.