OIC Number: 2011 - 109

Date of Order: Mar 22, 2011

Statute: Nova Scotia Business Incorporated Act

OIC Text: The Governor in Council on the report and recommendation of the Minister of Economic and Rural Development and Tourism dated February 22, 2011, and pursuant to

Section 9 of the Nova Scotia Business Incorporated Financial Assistance Regulations, N.S. Reg 133/2001, made pursuant to

Chapter 30 of the Acts of 2000, the Nova Scotia Business Incorporated Act, is pleased to: (

a) consent to Nova Scotia Business Incorporated Board of Directors' decision to provide financial assistance to Cherubini Metal Works Limited by way of a term loan in an amount not to exceed Fifteen Million One Hundred Thousand Dollars ($15,100,000.00) on terms and conditions generally as outlined in

Schedule "A" attached to and forming part of the Report and Recommendation of the Minister of Economic and Rural Development and Tourism dated February 22, 2011; and (

b) authorize the Minister of Economic and Rural Development and Tourism to execute such agreements, documents and instruments as may be required to give effect to this order.

Department(s): Economic and Rural Development and Tourism (2011-2015)