Pursuant to an agreement dated August 1, 2006 between Infinity Environmental Group Limited (“Infinity”) and the
Company, the Company was granted an A Power Technology Licence with a condition that the Company required
to pay the licence fee covering 500 units of APM as performance payment to Infinity on or before July 31, 2008.
This licence allows the Company to develop service, manage and supply A Power Technology Farms in the PRC
using the A Power Technology, but subject to a condition that the Company is required to pay licence fee to Infinity
once the Company sold the licence to his customer. Under the said licence, the Company has the right to authorize
developers and/or joint venture partners to develop A Power Technology Farms in the PRC. Infinity is a company
incorporated in Australia.
