Common use of Written Resolution Clause in Contracts

Written Resolution. By notice and copy to all ------------------ Directors, resolutions may be adopted in writing by (i) in the case of matters other than those specified in Section 5.5 and, to the extent permitted by Hong Kong law, a majority of Directors, including at least one Director nominated by IWC and one Director nominated by STHL or (ii) in the case of matters specified in Section 5.5, all Directors.

Written Resolution. By notice and copy to all ------------------ Directors, resolutions may be adopted in writing by (i) in the case of matters other than those specified in Section 5.5 and, to the extent permitted by Hong Kong law, a majority of Directors, including at least one Director nominated by IWC and one Director nominated by STHL or (ii) in the case of matters specified in Section 5.5, all Directors.