Date: -26th December, 2008

ABSTRACT OF MEETING ON 26thDECEMBER, 2008 AT SECTOR-3 NOIDA

Deliberations were made on following points and action requested as below:-

Sr. No. / Particulars / Action to be taken / Target Date
1. / ZAMBIA ISSUES / ASSIGNMENTS COMPLETED
A. / Opinion of Seth Dua & Associates / Sent to Mr. Manoj Singh
B. / Copy of Letters from All 3 Companies / Sent to Mr. Ajay Mishra & Mr. Sanjay Bhatia
C. / Copy of Agreement of All 3 Companies / Sent to Mr. Sanjay Bhatia to Organize signed copies / 5th Jan’09
D. / Mr. Nayak to Resigned form Zambia Company ( Voice Real Tech) / Action Already Taken
2. / INDUNI- ERA JOINT VENTURE
A. / Main Objects to Be Made / Sent to Mr. Manoj Singh
B. / New Company to Be Incorporated / 15th Jan ‘09
C. / Income Tax & Balance Sheet Matters of M/s Induni / To be Handled by Mr. Joy Saxena with Mr. Manoj Singh
3. / ARK
A. / Finalization of Balance Sheet of all 3
Companies / Mr. S. Nayak / 31st Dec’08
B. / Infusion of Equity Capital of Mr. N.V. Singh / To Be Discussed & Finalized by Mr.P.C. Bindal
C. / NOC from Axis Bank And Creditors List / Mr. Nayak , Mr. Joy Saxena / 31 Dec’08
4. / Carbon Credit Certifying Agency / Deloitte has been appointed / 31 Dec’08
5. / To Apply for Extension of Nagpur Land for 1 year / Mr. Ajay Mishra / 31 Dec’08
6. / POWER PLANT LAND AT M.P.
A. / Govt. Land Work ( Rs. 3.36 Crore to verify BG/LC / Mr. Ajay Mishra / 2nd Week Of January ‘09
B. / Private Land Work-Extension & Other Formalities ( Trust’s Land) / Mr. Ajay Mishra / 2nd Week Of January ‘09
C. / Miscellaneous Expenses Demand & Cash Flow / Mr. Ajay Mishra / 2nd Week Of January ‘09
7. / NEW BUSINESS DEVELOPMENT / Mr. Ajay Mishra/ Mr. Sanjay Bhatia
For Indian business:-To Submit Business Plan
For Zambia Business :- To Submit Business Plan
Investment to be Considered between 1-5 Crores and L/C requirements / Before 31st Dec.’08
Before 20th Jan’09
8. / KMB-ERA
A. / To Decide on Formation of New Company / Mr. P.C.Bindal / Mr. Joy Saxena / Done
B. / Infusion of Equity in Joint Venture/ Company / To be Advised by Mr. P.C. Bindal / Done
C. / Name to be Applied on ROC / After Decision by Mr. P.C. Bindal/ Mr. Joy Saxena / Done
9. / HYDRO PROJECTS IN UTTRANCHAL / ALPS INDUSTRIES
A / Name of The Company / To Mr.Goyal / Mr. Joy Saxena / 22nd Dec’08
B. / Net worth of 20Crore + Infrastructure Projects / Mr. Joy Saxena / Done
10. / LISTING OF SHARES OF ERA INFRA (55 LACS WARRANTS)
A. / Certificate form Auditors / Sent to Mr. K.C. Gupta / Done
B. / Listing Of Applications / Sent to Mr. Bhatia on 15th Dec’08 / Completed
C. / ILFS and MOTILAL OSWAL for releasing of shares / Sent to Mr.Yogesh Gupta / 25th Dec’08
11. / PROCESS MANUAL FOR ARK TO BE MADE / Mr. Raj Sharma
COMMERCIAL PAPER RATING / Mr. Yogesh Gupta
CENTRAL GOVT. APPROVAL FOR MR. AJAY MISHRA REMUNERATION / Mr. R. S. Bhatia
SERVICE TAX & TDS ISSUE LYING UNUTILIZED IN EMD
BALANCE SHEET OF ERA LANDMARKS & M/S PRASANDI / To be discussed for Financial year between Mr. Joy Saxena, Mr. Rajesh Jain , Mr. Deepak Aggarwal, Mr. P. K. Aggarwal / Discussed