Article 20 - Appointment by Secured Creditor

(1) A Secured Creditor may appoint an Administrator of the Company provided:
A) he has given at least two business days' written notice to the holder or holders of a Security Interest with priority over his own (within the meaning of Part 5 of the QFC Security Regulations); and
(B) the holder(s) of such Security Interest has consented in writing to the making of the appointment.
(2) An Administrator appointed under this Article has a duty to act in good faith and to take proper care to act in the best interests of all the creditors of the Company whilst seeking to achieve repayment of the debts owed by the Company to the Secured Creditor.