Certificate of the Registration of a Company

CERTIFICATE

Corporation Act 2001 Paragraph 127 2 b
This is to certify that

PARAMOUNT CAPITAL

Australian Company Number BN10704437

Is a registered company under the corporations Act 2001

The company is limited by shares.

The company is an investment company.

Issued by the
Australia Securities and Investment commission
on this day of  17th January 2007

Lachlan B. Thomas
Chief Executive officer