The membership of the American Business Council shall be understood to include entities lawfully engaged in Nigeria in the conduct of Business activities or other activities in furtherance support of the goals of the Company, and which are:

1. Wholly owned Nigerian subsidiaries of US corporations, firms, associations, institutions and other US organizations and entities
2. Corporations, firms, associations, or institutions substantially owned or controlled by Americans;iii.Corporations, firms, associations, or institutions which are members of a global network with a significant presence in the US and
3. Corporations, firms, associations, or institutions that are U.S subsidiaries or affiliates of foreign owners or are otherwise listed on a US stock exchange, which has both their significant and independent business interests in Nigeria.“American-controlled business” shall for the purpose of these Articles mean a business whose ownership  or decision-making organs, such as the Board of Directors and management, is or are controlled by American Corporations, firms, associations, institutions or individuals having at least a simple majority of ownership or representation and the related voting rights of the Business, and which applies American values, business principles and practices in its operation. A simple majority in this context shall mean 51%