Minutes of the Board of Directors Meeting

EVEN CONSTRUTORA E INCORPORADORA S.A.
Publicly Held Company
Company Registry (NIRE): 35.300.329.520
Corporate Taxpayers’ ID (CNPJ/MF) 43.470.988/0001-65
MINUTES OF BOARD OF DIRECTORS’ MEETING
HELD ON APRIL 4, 2011
1.
DATE, TIME AND VENUE: Held on April 4th, 2010 at 11:00 a.m. at the
headquarters of EVEN CONSTRUTORA E INCORPORADORA S.A. (“Company”), at Rua
Hungria nº 1400, 2 andar, Conjunto 21 CEP 01455-000, in the city and state of São
Paulo.
2. CALL NOTICE AND ATTENDANCE: The call notice was waived in view of the
presence of all the Board members, pursuant to article 16, sole paragraph, of the
Company’s Bylaws.
3. PRESIDING: Mr. CARLOS EDUARDO TEREPINS –
SINOPOLI LAFRAIA - Secretary.
Chairman and Ms. FLAVIA
4. AGENDA: Ratification of the resolution for the giving of a suretyship by the
Company on behalf of its subsidiary Sagittarius Even Empreendimentos Imobiliários
Ltda.
5. DECISIONS TAKEN
UNANIMOUSLY WITHOUT ANY RESTRICTIONS: After
examining and discussing the items on the agenda, the Board members unanimously
and without restrictions decided:
5.1 To ratify the authorization, in accordance with Subitem xxii, Article 20 of the
Company's Bylaws, of the giving by the Company of a suretyship on behalf of its
subsidiary SAGITTARIUS EVEN EMPREENDIMENTOS IMOBILIÁRIOS LTDA., a limited
liability company headquartered in the city and state of São Paulo at Rua Hungria, nº
1400, 2º andar, conjunto 21, sala 08 D, Jardim América, CEP 01455-000, inscribed in
the roll of corporate taxpayers (CNPJ/MF) under number 08.689.461/0001-25, with
articles of incorporation filed at the São Paulo State Commercial Registry under
registration (NIRE) number 35.221.176.062 (“SAGITTARIUS EVEN”), in accordance with
the financing agreement entered into with Banco Safra S.A. ("Banco Safra"), through
which it granted a loan to SAGITTARIUS EVEN in the amount of eighteen million dollars
(R$18,000,000.00).
5.2 The Company authorizes its Officers to perform all acts necessary for the
giving of the suretyship by the Company approved herein.
6.
CLOSURE: With no other items on the agenda, these minutes were drawn up,
read, unanimously approved and signed by all.
São Paulo, April 4, 2011.
__________________________________
Carlos Eduardo Terepins
Chairman
__________________________________
Flavia Sinopoli Lafraia
Secretary