Artikel XV

It is understood that a “bestuurder” or “commissaris” of a Netherlands company shall be considered to be a member of the board of directors as meant in Article 15. It is further understood that “bestuurder” or “commissaris” of a Netherlands company means persons who are nominated as such by the general meeting of shareholders or by any other competent body of such company and are charged with the general management of the company and the supervision thereof, respectively. In the case of Uganda a “managing director” or a “executive director” of an Ugandan company shall be considered to be a member of the board of directors as meant in Article 15.