Asset Capital Finance N.A. Inc.

EXHIBIT B

PROJECT CATEGORIES ELIGIBLE FOR BANK GUARANTEE

1.0 TRANSPORT: Highways, Railways, Airlines, Shipping, Bridges, Waterways, Ports, Wharf

2.0 ENERGY: Oil and Natural Gas, Refining, Pipelines Electric Power Generation Projects, including Hydro, Thermal, Geothermal New Technologies, as well as Transmission and Distribution Projects

3.0 TELECOMMUNICATIONS: Modernization and Expansion of Basic Telephone Networks Cellular and Satellite Communications Systems Production of Delivery Communications Equipment

4.0 WATER: Water Supply, Waste Water Management, Sanitation

5.0 MINING: Metals, Ore, Fuel, Minerals (such as Coal)

6.0 MANUFACTURING: Automotive Industries, Industrial Equipment, Construction Materials (such as Cement Plant), Fertilizer, Pulp & Paper, Textile, Timber (Wood Products), Chemical, Petrochemical

7.0 AGRI- BUSINESS: Sugar Mills, Banana Plantation, Fish - Farming

8.0 FOOD PROCESSING: Frozen Food, Canned Food (such as Tuna, Sardine, Shrimp, Mushroom, Baby Corn, etc.)

9.0 TOURISM: Hotel (catered to promote tourism)

10.0 MEDICAL: Hospital, Pharmaceutical

11.0 OTHERS: Which relate to General Manufacturing, Industrial, Infrastructure, Agri-Business

NOTE: COMMERCIAL REAL ESTATE, SUCH AS SHOPPING MALLS, HIGH-RISE OFFICE BUILDINGS, RESIDENTIAL APARTMENTS ARE NOT ELIGIBLE FOR BANK GUARANTEE, UNLESS BACKED UP BY COLLATERAL.

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