Common use of OTHER IMPORTANT MATTERS Clause in Contracts

OTHER IMPORTANT MATTERS. 1. Up to the deadline of the report, China Hydroelectric Fund Beijing Management Company plans to purchase all the equity of the company. The correlative work is ongoing. Other than this, we do not need to explain other important matters. 2. According to the Development Project Agreement signed on Nov. 7th, 2001 between the People’s Government of Lishui City and Guangsha Building Group Co., Ltd., within 5 years from the issuing day of the acceptance check expertise report of the first unit of power station, the government’s net income part of corporate income taxes, water resource costs and hydropower station management costs of the company should be given full allowance for the first 3 years and 50% allowance for the last 2 years. The allowance of the year will be paid before March of the next year to Guangsha Building Group Co., Ltd..