Adlevo Capital Africa, LLC

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The project involves a $10 million investment, not to exceed 20% of total committed capital, in Adlevo Capital Africa LLC. Adlevo Capital Africa, LLC (“Adlevo” or the “Fund”) is a private equity fund that is seeking capital commitments of $75 – $100 million to take advantage of the growing opportunities for “ICT enabled” infrastructure and services investments in Sub-Saharan Africa with a focus on Nigeria and South Africa. The Fund’s objective is to make equity and equity-linked investments in growth stage companies that derive their competitive advantage through the development and exploitation of technology or technologically driven processes. Adlevo will also target Clean Technology opportunities. The Fund plans to take majority or significant minority positions of $3 – $10 million in 10 _x001E_ 15 companies.