THE COMPANY MAY BY AN ORDINARY RESOLUTION REMOVE ANY DIRECTOR AND MAY BY AN ORDINARY RESOLUTION APPOINT ANOTHER PERSON IN HIS STEAD. THE PERSON SO APPOINTED SHALL BE SUBJECT TO RETIREMENT AT THE SAME TIME AS IF HE HAD BECOME A DIRECTOR ON THE DAY ON WHICH THE DIRECTOR IN WHOSE PLACE HE IS PAAOINTED WAS LAST ELECTED A DIRECTOR