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Minutes of the Board of Directors‘ Meeting - HELD ON MAY 6, 2011


EZ TEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A.
Corporate Taxpayer’s ID (CNPJ/MF).° 08.312.229/0001-73
Company Registry NIRE 35.300.334.345

Publicly-Held Company

Minutes of the Board of Directors‘ Meeting
HELD ON MAY 6, 2011

DATE, TIME AND VENUE: On May 6, 2011 at 9a.m., at the Company’s headquarters located in the City and State of São Paulo.

CALL NOTICE AND ATTENDANCE: The call notice was waived in view of the presence of all the members of the Company’s Board of Directors.

PRESIDING: Chairman - Ernesto Zarzur; Secretary - Antonio Emílio C. Fugazza.

AGENDA: (i) (i) approve the results of the Company‘s operations in the first quarter of fiscal year 2011, and (ii) approve the conditions for investment in real estate projects in the total amount of fifty-three million Brazilian reais (R$53,000,000.00).

RESOLUTIONS : After examination and discussion, the members of the Board of Directors resolved, by unanimous vote, (i) to approve the results of the Company‘s operations in the first quarter of the 2011 fiscal year, and (ii) in accordance with Article 17, items XXII and XXIII of the Company‘s Bylaws, to approve the realization of real estate investments through the acquisition of lots by companies controlled by the Company, with the Company also authorized to transfer, partially, its interest in the companies owning the lots, so that the resulting commitments do not exceed the total amount of fifty-three million Brazilian reais (R$53,000,000.00), as per the details discussed and approved by the board members, which are described in the material filed at the headquarters. The Executive Officers are also authorized to acquire mechanisms to expand construction potential (grants or Additional Construction Potential Certificates - CEPACs) by a sufficient area for the realization of these real estate projects.

CLARIFICATIONS: : Authorization was given for the drawing up of these minutes in summary form, pursuant to Article 130, Paragraph 1 of Law 6404/76.

CLOSURE, DRAWING UP, APPROVAL AND SIGNATURE OF THE MINUTES: There being no further business to discuss, these minutes were read, approved and signed by all those present. Signatures: Chair: Ernesto Zarzur - Chairman, Antonio Emilio C. Fugazza - Secretary, Board Members: Ernesto Zarzur, Samir Zakkhour El Tayar, Nelson de Sampaio Bastos, Mario Guy de Faria Mariz, Massimo Bauducco and Gustavo Junqueira.

São Paulo, May 6, 2011.

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Telephone: +55 11 5056 8313
E-mail: ri@eztec.com.br