BMI will issue 3 year non transferable corporate bonds to suitably qualified investors via their IFA. BMI will advance the proceeds of the bond issue in the form of a loan to the borrowing company, Agrofarm London Limited (‘All’), an English company. ALL will use the sums lent to it to fire up and run initially up to 9 biomass plants located throughout Italy through the purchasing of suitable feedstock, contacted via its subsidiary Agrofarm International AG. The remainder of the funds will be used to finance the reduction of bank debt that accumulated during the construction phase, and debt that is owed to the contractors who built the plats and the previous owners. A subsidiary of ALL, Greenworld Power SRL, that owns the 9 biomass plants will generate income by operating these plants and selling the combined heat and power to a number of blue chip clients including GSE a 100% subsidiary of ENEL (the Italian Stage Utility). The income made through the sale of heat and power will be more than sufficient for ALL to repay the interest on the loan and will allow the loan to the fully repaid which will in turn repay the bon interest and repay the bond investment monies. The supply of the feedstock, being vegetable oils (cotton seed and alternatives) and the price of the feedstock has been locked in for 10 years from April 2014.