OBJECTS, POWERS AND LIMITATION OF LIABILITY 5. Objects The objects of the Company are to carry on activities which benefit the community and in particular (without limitation) to acquire a shareholding in the controlling entity of the Rangers Football Club (the “Club”) and to utilise this shareholding to repair, improve and enhance the engagement between the owners and the followers and supporters of the Club and otherwise to support and enhance the aspirations of Rangers supporters and followers for the well-being of their Club and its footballing success. The Club 1872 Companies are independent of the Club and the corporate entities which own the Club but shall work co-operatively with them to promote the well-being and success of the Club and to enhance the image and influence of Rangers followers and supporters. 6. Powers The Company may do all such lawful things as may further the Company’s objects and, in particular, but, without limitation, may borrow or raise and secure the payment of money for any purpose including for the purposes of investment or of raising funds provided that the Company shall not grant security or create any other form of encumbrance over its assets unless it has first secured approval to that step by a Special Resolution of its Donating Members