UNDER PARAGRAPH 64 OF SCHEDULE B1 TO THE Insolvency ACT 1986

Pursuant to paragraph 64 of Schedule B1 to the Insolvency Act 1986 (IA 1986), [insert names of the administrators] (the Joint Administrators), the joint administrators of [insert name of company] (the Company), hereby consent to the exercise of the powers set out below by the directors of the Company (the Directors).

The Joint Administrators have only provided their consent to the exercise of these powers on the basis that they have certified that the Administration is reasonably likely to achieve the rescue of the Company as a going concern. The Joint Administrators are also reasonably satisfied that the Company has sufficient funding to pay essential key post-administration costs such as rent, employee salaries, utilities and suppliers on an ongoing basis. The Joint Administrators do not consent to the exercise of any other powers by the Directors, although they remain willing to consider any additional requests for further consents that may be required to achieve