3Power Energy Group Inc (PSPW)

[Gromet]

When is the next audit of Seawind?


PSP and Seawind will use commercially reasonable efforts to complete a mutually agreeable definitive Acquisition agreement containing customary representations, warranties, covenants and ancillary agreements as soon as reasonably possible. Rudana and the Seawind principals also intend to enter into a shareholders agreement. The closing of the Acquisition will also be subject to completion of satisfactory legal due diligence and completion of the 2010 audit of the Seawind financial statements.