PHILANTHROPIC POLICY STATEMENT

Phoenix Park Gas Processors Limited, as a good corporate citizen, desires to support the community through financial and resource support. It is the company’s philosophy to assist those less fortunate, support non profit organizations from which we benefit, and generally serve the community.

The Philanthropic philosophy of PPGPL will be a mechanism for both employee and community participation for support of projects which exhibit a commitment to being long-term, measurable, financially accountable and of broad community benefit.

PPGPL’s commitment will generally be for one year or less or until the end of a program or project.

Notwithstanding the altruistic benefits of these contributions, this expenditure will be considered an investment in corporate image enhancement from which maximum returns in terms of public goodwill will be sought.

PHILANTHROPIC PROGRAM FOCUS

The company’s philanthropic contributions program will focus on areas which correspond to our company’s established strengths and interests and will address the community’s concerns. Thus, the company’s contributions will be to support programs and activities where the focus is safety issues as they pertain to community development, as well as education and preservation of our environment. Also included will be financial assistance/donations to established charitable organizations and reactive community support.

The company’s focus will be proactive whereby financial contributions will primarily be initiated by the company to assist the community and charitable organizations. We will strive for maximum employee involvement and pursue larger scale projects through networking with other corporations and the community.

WEIGHTING OF THE PHILANTHROPIC BUDGET

In keeping with our philosophy, PPGPL will weight each area of giving annually consistent with its assessment of community needs and the reciprocal goodwill that will result from the contribution. Thus, each year the Philanthropic budget will be shared in accordance with the percentage allocations for that year.

Health and Safety – PPGPL's giving will reflect our strength in safety. The focus will be on sensitizing the community to safety awareness/practices, initially starting in the schools.

Education – Given the state of disrepair of schools in the area, PPGPL will contribute physically and financially to repairs and replacement of certain aspects of the physical structures of these schools.

Preservation of the Environment – PPGPL will adopt a particular environmental problem within our area and seek to return the problem to its best natural state. This effort will be supported through employee and community projects.

Registered Charities – In keeping with our philosophy of helping the less fortunate, part of the philanthropic budget will be used to support selected registered charities, for example, the Hope Centre.

Reactive Community Support – Reactive community support will be given to unsolicited requests which do not fall under the general areas above. This support will be limited in nature as indicated by its weighting and will not be generally encouraged.

LIMITATION TO THE PHILANTHROPIC BUDGET

In keeping with the general policy guide of PPGPL and to ensure that philanthropic contributions given by the company are not construed as gifts for favours, the company will NOT make any contribution to the following:

• Political organizations
• Individuals
• Trade Unions
• Organisations and/or activities that limit participation to selected groups or individuals

Notwithstanding the above broad generalization, the Philanthropic Contribution Committee (PCC) will be guided by the following criteria:

• Is the project under consideration for public benefit
• Is it controversial or politically inclined
• Is the organization well managed
• What attempt is the organization making to be self sufficient
• Should PPGPL be associated with this type of activity
• What section of the public will the proposed project serve
• Are there any other available donors
• Do we have the funds

OPERATION OF THE COMMITTEE

The Philanthropic Committee will be made up of four or five members of the company and the committee will report to the President.

The committee will meet once per month to carry on its business and to report on actions taken with respect to on-going projects.

The committee will recommend annually the support of registered charities that are national in scope and impact upon community development.

The Administrative Coordinator will provide secretarial help to the committee and will respond to all requests.

QUANTUM OF ASSISTANCE

The committee will decide the quantum of financial assistance to be provided on a case by case basis. Wherever possible and in order to take advantage of tax benefits, a Deed of Covenant will be entered into for donations over $5,000.00

FINANCIAL REPORTING

The Administrative Coordinator will document all philanthropic giving and will present a monthly report to the Managing Director.