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Summary of the Meeting of the Board of Directors

Thursday, April 3, 2008
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Wednesday, April 16, 2008

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS APRIL 3, 2008

ITEM NO 1 Minutes of March 20, 2008, Board Meeting to be approved
Board Decision: Approved

ITEM NO 2
Country NIGERIA AP083377XX
Request for FINAL COMMITMENT

Applicant HSBC BANK PLC, LONDON E14 UNITED KINGDOM
Borrower GZ INDUSTRIES, LTD, IKOYI, LAGOS NIGERIA
Guarantor FIDELITY BANK PLC, VICTORIA ISLAND, LAGOS NIGERIA
Buyer GZ INDUSTRIES, LTD, IKOYI, LAGOS NIGERIA
End-user GZ INDUSTRIES, LTD, IKOYI, LAGOS NIGERIA
Exporter HSBC SECURITIES INC, NEW YORK NY
Exporter ROESLEIN & ASSOCIATES, INC., SAINT LOUIS MO
Supplier HSBC BANK PLC, LONDON E14 UNITED KINGDOM
Supplier INTERNATIONAL THERMAL SYSTEMS LLC, MILWAUKEE WI
Supplier ADDITIONAL SUPPLIERS
Gteed Lender HSBC BANK PLC, LONDON E14 UNITED KINGDOM
Cofin ECA EXPORT CREDITS GUARANTEE DEPT. (ECGD), LONDON UNITED KINGDOM

Project Name GZ INDUSTRIES ALUMINUM CAN PLANT
Project Description ALUMINUM CAN MANUFACTURING FACILITY
Product Description CAN MFG, PROJECT MGMT, SHIPPING
Financed Amount $ 26,376,905
Repayment Term 5 YEARS

Board Decision APPROVED