Exhibit 4.71
 BETWEEN
 YUNNAN MINFA HYDROELECTRIC DEVELOPMENT GROUP CO., LTD.
 XIAMEN MINRUI INVESTMENT CO., LTD.
 AND
 FUJIAN HUABANG HYDROELECTRIC INVESTMENT CO., LTD.
  SHARE TRANSFER CONTRACT

For
FUGONG COUNTY HENGDA HYDROPOWER GENERATION CO., LTD.   (ALUHE HYDROPOWER STATION&ZILENGHE HYDROPOWER STATION)
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CONTENTS
 CHAPTER I DEFINITIONS
    
    
    5Article 1 Definitions
    
    
    5CHAPTER II SALE EQUITY STAKE
    
    
    8Article 2 Sale Equity Stake
    
    
    8Article 3 Share Transfer Price
    
    
    8Article 4 Conditions Precedent for the Payment of the Transfer Price
    
    
    8Article 5 Payment
    
    
    10Article 6 Taxes Payable under the Transfer of the Sale Equity Stake
    
    
    13CHAPTER III REPRESENTATIONS AND WARRANTIES BY ALL PARTIES
    
    
    13Article 7 Representations and Warranties by All Parties
    
    
    13CHAPTER IV DISCLOSURES, REPRESENTATIONS AND WARRANTIES BY THE TRANSFERORS
    
    
    14Article 8 Disclosures, Representations and Warranties by the Transferors
    
    
    14Article 9 General Representations and Warranties by the Transferors
    
    
    16Article 10 Ownership
    
    
    16Article 11 The Company and the Hydroelectric Project
    
    
    18CHAPTER V DISCLOSURES, REPRESENTATIONS AND WARRANTIES BY TRANSFEREE
    
    
    28Article 12 Disclosures, Representations and Warranties by Transferee
    
    
    28CHAPTER VI DELIVERY
    
    
    29Article 13 Delivery
    
    
    29CHAPTER VII DEBT ARRANGEMENT AND EMPLOYEES RELOCATION
    
    
    32Article 14 Debts Arrangement
    
    
    32Article 15 Relocation of Employees
    
    
    33CHAPTER VIII CONFIDENTIALITY
    
    
    34Article 16 Confidentiality
    
    
    34CHAPTER IX BREACH OF CONTRACT
    
    
    35Article 17 Liability for Breach of a Representation or Warranty
    
    
    35Article 18 Liability for Breach of Contract
    
    
    36CHAPTER X FORCE MAJEURE
    
    
    37Article 19 Force Majeure
    
    
    37CHAPTER XI RESOLUTION OF DISPUTES
    
    
    38Article 20 Arbitration
    
    
    38Article 21 Validity of the Arbitration Award
    
    
    38Article 22 Continuation of Rights and Obligations
    
    
    38CHAPTER XII APPLICABLE LAW
    
    
    39Article 23 Applicable Law
    
    
    39CHAPTER XIII MISCELLANEOUS
    
    
    39
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Article 24 Waiver
    
    
    39Article 25 Transfer
    
    
    39Article 26 Amendment
    
    
    40Article 27 Severability
    
    
    40Article 28 Language
    
    
    40Article 29 Validity of the Text and Appendices
    
    
    40Article 30 Notification
    
    
    41Article 31 The Entire Agreement
    
    
    42APPENDIX I CONDITIONS PRECEDENT
    
    
    45APPENDIX II BANKING DEBTS OF THE COMPANYAPPENDIX III EXISTING SECURITIES OF THE COMPANYAPPENDIX IV LIST OF REAL ESTATE AND MOVABLE ASSETS
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SHARE TRANSFER CONTRACT
 this Contract
 (1)
    
    Party A: Fujian Huabang Hydroelectric Investment Co., Ltd.(hereinafter referred to as the
Transferee), a wholly foreign owned enterprise registered and established in accordance with
the laws of the Peoples Republic of China, with its registration number of 350000400003598
and registered address at the 3rdFloor of East Building A, No.349, Guangda Road,
Taijiang District, Fuzhou City, the legal representative of which is John Douglas Kuhns, whose
position is chairman and nationality is the United States of America;(2)
    
    Party B: Yunnan Minfa Hydroelectric Development Group Co., Ltd., a limited liability company
registered and established in accordance with the laws of the Peoples Republic of China, with
its registration number of 530000100030297 and its registered address at Room 201, 2nd Floor,
No. 147, West Renmin Road, Kunming City, the legal representative of which is Zhang Zimin,
whose nationality is the Peoples Republic of China; and(3)
    
    Party C: Xiamen Minrui Investment Co., Ltd., a limited liability company registered and
established in accordance with the laws of the Peoples Republic of China, with its
registration number of 350200200049718 and its registered address at West No. 10,
Room 3A, No. 57, South Hubin Road, Siming District, Xiamen City, the legal representative of
which is Mao Chengwen, whose nationality is the Peoples Republic of China.
 Transferors all Parties Party
 WHEREAS
 (1)
    
    Fugong County Hengda Hydroelectric Development Co., Ltd. (hereinafter referred to as the
Company) is a company incorporated in China for the purpose of
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hydroelectric generation and hydroelectric development, which currently owns and operates the
Aluhe Hydropower Station and Zilenghe Hydropower Station;
 (2)
    
    Party B owns ninety six percent (96%) of the equity stake of the Company, and can exercise
all of its full rights as a shareholder;(3)
    
    Party C owns four percent (4%) of the equity stake of the Company, and can exercise all of
its full rights as a shareholder;(4)
    
    Subject to the terms and conditions set out in this Contract, Party B is willing to transfer
ninety six percent (96%) of the equity stake of the Company held by it, Party C is willing to
transfer four percent (4%) of the equity stake of the Company held by it to the Transferee,
all of which represent one hundred percent (100%) of the equity stake of the Company;(5)
    
    The Transferee is willing to acquire one hundred percent (100%) of the equity stake of the
Company from the Transferors subject to the terms and conditions set out in this Contract.
 Company Law of the Peoples Republic of China, Contract Law of the Peoples
Republic of China
 Chapter I Definitions
 Article 1 Definitions
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The Company
 The Hydroelectric Project
 Sale Equity Stake
 New Articles of Association
 The PRC China
 Claims
 Signing Date
 Encumbrance
 (1)
    
    any interest or right granted or reserved in or over or affecting the Sale Equity
Stake; or
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(2)
    
    the interest or right created or otherwise arising in or over the Sale Equity
Stake under a fiduciary transfer, charge, lien, pledge, power of attorney or other form
of encumbrance; or(3)
    
    any security over the Sale Equity Stake for the payment of a debt or any other
monetary obligation or the performance of any other obligation.
 Examination and Approval Authority
 Material Adverse Change
 (1)
    
    investigations (which may cause the Company to be punished) and penalties upon
the Company by relevant governmental authorities;(2)
    
    involvement with any litigation, arbitration or any other judicial proceedings by
the Company which may have impact on the legal existence of the Company and/or the
Hydroelectric Project; or(3)
    
    any change which may have impact on the legal existence of the Company and/or the
Hydroelectric Project.
 RMB or Renminbi
 Payment Date
 Transferors Bank Accounts
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Delivery Completion Date
 Third Party
 Working Day
 Chapter II Sale Equity Stake
 Article 2 Sale Equity Stake
  Article 3 Share Transfer Price
 3.1
    
    The Transferors and the Transferee after consultations have finally determined that the
price for the Sale Equity Stake shall be agreed at RMB 65,000,000 (hereinafter referred to
as the Transfer Price). Specifically, the amount respectively payable to the Transferors
shall be as follows:Party B: RMB62,400,000;Party C: RMB2,600,000.
 Article 4 Conditions Precedent for the Payment of the Transfer Price
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4.1
    
    Under this Contract, the conditions precedent for the payment of the Transfer Price by
the Transferee are set out as follows:
 (1)
    
    The Transferors have completed all conditions precedent set out in Appendix
I to this Contract;(2)
    
    This Contract, the New Articles of Association and the transfer of the Sale
Equity Stake in this Contract have been approved in writing by the Examination and
Approval Authority, and the certificate of approval for establishment of foreign
invested enterprises has been issued;(3)
    
    The alteration registration with the competent administration for industry
and commerce for the Sale Equity Stake has been completed and the Sale Equity Stake
has been registered under the name of the Transferee;(4)
    
    The business license for foreign invested enterprises of the Company has
been issued;(5)
    
    The competent foreign exchange administration authority has approved the
transfer of the Transfer Price from the capital account of the Transferee to the
Transferors Bank Accounts; and(6)
    
    From the Signing Date to the Payment Date (as defined in Article 5.1),
there has been no Material Adverse Change to the Company.
 4.2
    
    In the event that any of the conditions set out in the aforesaid Article 4.1 has not
been fulfilled or satisfied, and the Transferee has not indicated its waiver of the said
conditions or any one of them in writing, the Transferee shall not be obliged to pay the
Transfer Price to the Transferors which shall not be deemed as breach of contract.4.3
    
    The Transferors and the Transferee shall use their best efforts to procure the timely
approvals of this Contract, the New Articles of Association and the transfer of the Sale
Equity Stake contemplated herein by the Examination and
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Approval Authority and to procure the certificate of approval for establishment of foreign
invested enterprises and the business license of foreign invested enterprise.
 Article 5 Payment
 5.1
    
    Prior to the signing of this Contract, the Transferee has paid a deposit in the amount
of RMB25,000,000 to the Transferors, of which, RMB12,500,000 shall be served as the deposit
for the Sale Equity Stake contemplated hereunder; the Transferee agrees to pay additional
deposit in the amount of RMB50,000,000 to the Transferors as the deposit for the Sale
Equity Stake within five (5) Working Days from the Signing Date. Thus, to acquire the Sale
Equity Stake, the Transferee has paid the deposit in the total amount of RMB62,500,000 to
the Transferors.5.2
    
    The Payment Date shall be within five (5) Working Days after all conditions precedent
set out in Article 4.1 hereof have been completed. The Transferors shall refund the deposit
in the amount of RMB62,500,000 to the bank account designated by the Transferee within
three (3) working days from the Payment Date.5.3
    
    The Transferors shall, within five (5) Working Days after the Signing Date of this
Contract, provide the Transferee in written form with the detailed information in relation
to the Transferors Bank Accounts, otherwise, in the event that the Transferee cannot pay
or cannot pay as scheduled the Transfer Price due to the Transferors failure to provide
the detailed information of the Transferors Bank Accounts in a timely fashion, or due to
the reason of the opening banks of the Transferors Bank Accounts, the Transferee shall not
assume any liability arising therefrom.5.4
    
    The Transferors shall issue to the Transferee the legal documents evidencing the
receipt of the Transfer Price within three (3) Working Days after receiving the Transfer
Price paid by the Transferee. In the event that the Transferors fail to issue the said
documents within the prescribed time limit to the Transferee,
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the Transferee shall be entitled to correspondingly delay its payment of the following
payable instalment of the Transfer Price, which shall not be deemed as breach of contract.
In the event that the said legal documents issued by the Transferors are not in compliance
with the PRC laws and regulations which cause the Transferee and/or the Company to suffer
from any damage or loss, the Transferors shall assume joint liability for the compensation
on the Transferee and/or the Company.
 5.5
    
    All Parties hereby confirm that all the profit of the Company shall be enjoyed by the
Transferee from the Payment Date (inclusive).5.6
    
    The Transferors shall remit RMB7,733,500 to the bank account designated by the
Transferee within three (3) Working Days from the arrival date of the Transfer Price paid
by the Transferee at the Transferors Bank Accounts, which shall be served as the guarantee
fund (hereinafter referred to as Guarantee Fund) for the performance of all the
obligations of the Transferors under this Contract. The guarantee duration shall commence
from the arrival date of such Guarantee Fund at the bank account designated by the
Transferee and terminate when all obligations provided in Article 5.7 hereof have been
fulfilled by the Transferors. Upon the expiration of the Guarantee Duration, the
Transferee shall remit the balance of the Guarantee Fund (if any) to the bank account
designated by Transferors without paying any interests.5.7
    
    Under this Contract, when all the following obligations have been fulfilled by the
Transferors, the Transferee shall refund the balance of the Guarantee Fund (if any) to the
bank account designated by Transferors within five (5) Working Days after all such
obligations have been fully fulfilled:
 (1)
    
    During the guarantee period, the Hydroelectric Project does not have any
quality problem and the Transferors do not have any behaviours or situations violating
any provisions of this Contract;(2)
    
    The Transferors shall, on their own expenses, procure the Water Drawing
Permits for Aluhe Hydropower Station and Zilenghe Hydropower Station
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registered under the name of the Company, and deliver the originals of the Water
Drawing Permits to the Transferee;
 (3)
    
    The Transferors shall, on their own expenses, enter into the Grid Connection
and Dispatching Agreement for Aluhe Hydropower Station and Zilenghe Hydropower Station
in the name of the Company with competent power grid corporation, and deliver the
original of such executed Grid Connection and Dispatching Agreement to the Transferee;(4)
    
    The Transferors shall, on their own expenses, procure the Social Insurance
Registration Certificate under the name of the Company, and deliver the original of
the Social Insurance Registration Certificate to the Transferee;(5)
    
    The Transferors shall, on their own expenses, extend the valid duration of
Yunnan Province Special Equipments Safe Use Permit (number: Q20070001) and deliver the
original of the same to the Transferee; and(6)
    
    The Transferors shall, on their own expenses, complete the tax clearance of
the Company in accordance with law before June 30, 2010 and deliver relevant
supporting documents for such full payment of relevant taxes in accordance with
relevant law.
 The Transferors hereby jointly and severally confirm and warrant that, in the event that
the Transferee and/or the Company incurs any fees or expenses or suffers from any loss or
damage due to any of the above-mentioned issues, the Transferee shall be entitled to
directly deduct the corresponding amount from the Guarantee Fund, which shall not be
required to be refunded to the Transferors; in addition, such compensation shall not
prejudice any other rights of the Transferee and/or the Company to claim for damages
against the Transferors in accordance with other provisions hereof and the laws and
regulations of the PRC.5.8
    
    The obligations of the Transferee shall be deemed as having been fully accomplished
upon the remittance of the Transfer Price to the Transferors
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Bank Accounts and the Transferee shall not take any responsibilities or obligations
thereafter.
 Article 6 Taxes Payable under the Transfer of the Sale Equity Stake
  Chapter III Representations and Warranties by All Parties
 Article 7 Representations and Warranties by All Parties
 7.1
    
    Prior to the signing of this Contract, the signing Party shall provide a power of
attorney which authorizes its representative to sign this Contract to the other Party.7.2
    
    At the time of signing this Contract, the Transferors and the Transferee hereby state
that the documents and information provided to the Party (ies) or their agencies
(including, without limitation, the lawyers, valuers, financial advisers, etc.) prior to
the Signing Date are still valid and authentic and confirm that, should discrepancies
appear between the latter and the terms of this Contract, this Contract shall prevail.7.3
    
    The Transferors and the Transferee hereby agree that the contracts or documents
pertaining to the transfer of Sale Equity Stake entered into among all Parties prior to
this Contract shall lapse automatically upon this Contract coming into effect.7.4
    
    All Parties to this Contract agree to strive jointly in coordinating all the work
pertaining to the transfer of the Sale Equity Stake, including but not limited to
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application for approvals, registration and filing for record, etc.,and the expenses
arising therefrom shall be borne by the Company.
 7.5
    
    All Parties hereby confirm that: in the event that the Sale Equity Stake is not
successfully transferred to the Transferee due to the Transferees reasons, then the
Transferors shall be entitled not to refund the deposit in the amount of RMB62,500,000 to
the Transferee; in the event that the Sale Equity Stake is not successfully transferred to
the Transferee due to the Transferors reasons, the Transferors shall refund twice of the
deposit in the amount of RMB62,500,000 to the bank account designated by the Transferee
within five (5) Working Days from the occurrence of such reason; in the event that the Sale
Equity Stake is not successfully transferred to the Transferee due to the reasons of the
Examination and Approval Authority, the Transferors shall refund the deposit in the amount
of RMB62,500,000 to the bank account designated by the Transferee within five (5) Working
Days from the occurrence of such reason.
 Chapter IV Disclosures, Representations and Warranties by the Transferors
 Article 8 Disclosures, Representations and Warranties by the Transferors
  8.1
    
    All information and facts relating to the Company that is in the possession of the
Transferors or is known to any of the Transferors which will have a substantive effect on
the Transferors abilities to fulfil any of their obligations in this Contract or when
disclosed to the Transferee shall have a substantive effect on the willingness of the
Transferee to sign and fulfil its obligations under this Contract, have been disclosed to
the Transferee and the information provided by the Transferors to the Transferee does not
contain any representation that is untrue or misleading.8.2
    
    No lawsuits, arbitrations, or other legal or administrative proceedings or governmental
investigations are on-going against the Transferors that will
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materially affect their abilities to sign this Contract or fulfil their obligations under
this Contract.
 8.3
    
    Up to the Signing Date, the Transferors have informed the whole matter of the transfer
of the Sale Equity Stake to all Third Parties relating to the Sale Equity Stake, the
Company and the Hydroelectric Project; in case of requiring the consent of such Third
Party, the Transferors have procured the written consent from the Third Party.8.4
    
    The Transferors hereby undertake that none of them will take any action after the
Signing Date that will cause any adverse impact on the Company/Hydroelectric Project.8.5
    
    Regarding the documents and information provided by the Transferors to the Transferee
and/or the Transferees agencies (including, without limitation, the lawyers, valuers,
financial advisers, etc.) prior to the Signing Date, the Transferors hereby undertake that:
 8.5.1
    
    all copies made from original documents are true and complete and that
such original documents are authentic and complete;8.5.2
    
    all documents supplied to the Transferee and/or the Transferees agencies
as originals are authentic and complete;8.5.3
    
    all signatures (stamps) appearing on documents supplied to the Transferee
and/or the Transferees agencies as originals or copies of originals are genuine; and8.5.4
    
    The Transferors have drawn to the attention of the Transferee and/or the
Transferees agencies all matters that are material for the Transferee to proceed
with the transaction as contemplated in this Contract.
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8.6
    
    The Transferors shall, at any moment upon the request by Transferee, on their own
expenses, carry out and/or conduct in a way which is satisfactory to the Transferee, or to
impel the Third Party to carry out and/or conduct in a way which is satisfactory to the
Transferee, any action and/or document which the Transferee reasonably deems requisite, in
order to realize the full effectiveness and implementation of this Contract, provided that
the aforesaid requests shall be fair and reasonable and in compliance with relevant laws,
administrative regulations and rules.
 Article 9 General Representations and Warranties by the Transferors
 9.1
    
    Party B and Party C are legal entities that have been duly established according to the
laws and regulations of China and they are validly and legally in existence and also
operating normally in accordance with the laws and regulations of China. Signing this
Contract and fulfilling all of their obligations stipulated herein by Party B and Party C
shall not contravene or result in the violation of or constitute a failure to fulfil or an
inability to fulfil any of the stipulations in any laws, regulations, stipulations, any
authorization or approval from any government body or department or the stipulations of any
contract or agreement that Party B or Party C is a party to or is bound by.
 Article 10 Ownership
 10.1
    
    The Transferors jointly and separately undertake and warrant that: the Transferors are
the legal owners of the Sale Equity Stake and have full authority and right to transfer the
Sale Equity Stake to the Transferee and the Sale Equity Stake does not involve any
state-owned assets and interests. In case that the Transferee and/or Company suffer from
any loss or damage due to the involvement of any state-owned assets and interests in the
Sale Equity Stake, the Transferors shall assume the joint liability and fully compensate
the Transferee and/or the Company.
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10.2
    
    The Transferors jointly and severally undertake and warrant that: up to the Delivery
Completion Date (inclusive), the Sale Equity Stake is not subject to any Claims or
Encumbrances (including but not limited to any form of option, acquisition right, mortgage,
pledge, guarantee, lien or any other form of Third Party rights); and there is no interest
present and no agreement or undertaking in existence that may result in or create any Claim
or Encumbrance on the Sale Equity Stake (including but not limited to the aforesaid option,
acquisition right, mortgage, pledge, guarantee, lien or any other form of third party
rights and interest).10.3
    
    The Transferors jointly and severally undertake and warrant that: all obligations as
the shareholders of the Company which shall be assumed by the Transferors for the benefit
of the Company and the Third Party have been fully fulfilled by the Transferors. Any Third
Party or any level of the governmental authorities of the PRC shall not, due to the
Transferors failure to fulfil their due obligations as the shareholders of the Company,
claim for rights against the Company or the Transferee or adopt administrative acts which
are unfavourable to the Company or the Transferee, including but not limited to imposing
fine, revoking the business license, requiring to make supplemental payment for the taxes
or compelling to stop production, etc.10.4
    
    The Transferors jointly and severally undertake and warrant that: no lawsuits,
arbitrations, or other legal or administrative proceedings or governmental investigations
are on-going against any party of the Transferors that will materially affect the
Transferors abilities to sign this Contract or fulfil the Transferors obligations under
this Contract.10.5
    
    The Transferors jointly and severally undertake and warrant to provide all relevant
materials which should be provided by the Transferors and are requisite for procuring the
written approvals to this Contract, New Articles of Association, the transfer of the Sale
Equity Stake stipulated in this Contract from the Examination and Approval Authority,
certificate of approval for establishment of foreign invested enterprises, and business
license for foreign invested enterprises of the Company, and conducting the alteration
registration
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of the Sale Equity Stake under the name of the Transferee with the competent administration
of industry and commerce.
 10.6
    
    In the event that the Transferee fails to procure the approvals issued by the
Examination and Approval Authority within the time limit prescribed in Article 12.4 hereof
due to the reasons of the Examination and Approval Authority, the Transferors agree to give
thirty-day grace period so as to enable the completion of the approval with the Examination
and Approval Authority by the Transferee.
 Article 11 The Company and the Hydroelectric Project
  11.1
    
    The Company is a legal entity that has been duly established according to the laws of
PRC and it is validly and legally in existence and also operating normally in accordance
with the laws and regulations of PRC.11.2
    
    The registered capital of this Company has been fully paid up on schedule. The
Transferors have completed their full obligations to contribute, and have procured valid
verifications for their contributions according to PRC laws. There is no withdrawal of the
registered capital by the Transferors.11.3
    
    The Company is the legal owner of the Hydroelectric Project, and has the full and
complete ownership, operation right and right to profit over the Hydroelectric Project.11.4
    
    The development, construction and operation of the Hydroelectric Project have been duly
granted by relevant governmental authorities all requisite approvals and are fully complied
with the PRC laws and regulations and the approvals and permits of relevant governmental
authorities, in no violation of PRC laws and regulations and approvals and permits of
relevant governmental authorities, without any condition that leads to or may leads to the
revocation or withdrawing of such approvals and permits. In the event that Transferee
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and/or the Company suffer from any damage or loss arising out of any violation and /or
revocation and/or withdrawing, the Transferors shall be jointly liable for the full
compensation on the Transferee and/or the Company.
 11.5
    
    Up to the Delivery Completion Date, every aspect of the Hydroelectric Project,
including but not limited to the hydrology, geology, water flow, water diversion canal,
water retaining dam, hydroelectric generator units and the affiliated facilitates, pressure
pipes, pressure forebay, power generation workshop, step-up substation, etc., is complied
with the requirements of power generation under normal situations and is free from any
defect or any other problem provided of the loss due to normal operation and usage. In the
event that Transferee and/or the Company suffer from any damage or loss arising out of any
defect or any other problem which already existed before the Delivery Completion Date, the
Transferors shall be jointly liable for the full compensation on the Transferee and/or the
Company.11.6
    
    Up to the Delivery Completion Date, the Company has never suffered and is not currently
suffering from any administrative investigations, prosecutions, arbitrations, disputes,
claims or other proceedings (ongoing, pending or threatened), nor the Company has been
punished or the Transferors can foresee any punishment to be made by any administrative
authorities of the PRC for the issues already existed before the share transfer. Up to the
Delivery Completion Date, the Transferors have fully disclosed to the Transferee all
information in respect of environmental protection, water and soil preservation, flood
prevention plan, utilization of land (woodland), wood cutting, power generation,
fire-prevention and work safety, etc. In addition, the Transferors hereby separately and
jointly warrant that all fees (including, without limitation, water resources fees, land
requisition and compensation fees, water and soil preservation facility compensation fees,
etc.), charges, penalties and expenses payable to or being required to pay to any PRC
governmental authority have been paid in full, and, as of the Delivery Completion Date,
there is no arrears of such fees, charges, penalties and expenses, nor is there any arrears
of costs and/or expenses being required by any PRC governmental authority to be paid for
any purpose of correcting defects and/or inappropriate
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actions of the Company. In the event that the Transferee and/or the Company suffer from any
penalty, damage, loss, etc. due to any such administrative investigations, prosecutions,
arbitrations, disputes, claims, penalties and/or other proceedings which existed before the
Delivery Completion Date, the Transferors shall assume joint liabilities and fully
compensate the Transferee and/or the Company.
 11.7
    
    The Company legally owns all requisite real estate (including but not limited to land,
buildings, water retaining dam, water diversion canal, pressure pipes, pressure forebay,
booster station, power transmission lines, structures and affiliated facilities) and
moveable assets (including but not limited to machineries, equipments, vehicles, furniture
and office supplies), and such real estate and movable assets shall be not less than those
real estate and movable assets listed out in Appendix IV to this Contract. The Company does
not provide any other security (including but not limited to mortgage, pledge and lien) or
other restrictions on the real estate and movable assets, except for those listed out in
Appendix III to this Contract. Up to the Delivery Completion Date, all material aspects of
the buildings, structures, machineries and equipments, vehicles and other assets owned by
the Company are in good, secure and operational conditions (excluding the reasonable usage
damage), which are anticipated not to need to be repaired (excluding the daily requisite
repairs), replaced or supplemented within twelve (12) months after the Signing Date due to
the issues before the Delivery Completion Date. The Transferors warrant and undertake that
commencing from the Signing Date, the above real estate and movable assets will not suffer
from any loss or damage resulting from the actions of the Transferors or any Third Party.
In case of any loss or damage suffered by the real estate and movable assets due to the
above mentioned causes, the Transferors shall assume the joint liability and fully
compensate Transferee and/or the Company.11.8
    
    The production, operation, construction and business of the Company are fully complied
with all the relevant PRC laws and regulations, including but not limited to those laws and
regulations in relation to hydropower generation, environmental protection, water and soil
preservation, flood prevention plan,
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design and construction of water resource project, invitation and submission of bids,
utilization of woodland, wood cutting, fire-prevention, work safety and relocation. The
Transferors warrant that the environmental protection authorities, water resource
authorities, power regulatory authorities, construction authorities, forestry authorities,
fire-prevention authorities, planning authorities, safe production authorities, development
and reform authorities and other governmental authorities will not punish the Company for
the problems of environmental protection, water and soil preservation, water fetching,
flood prevention planning, design and construction of water resources projects, invitation
and submission of bids, power generation, utilization of woodland, wood cutting,
fire-prevention, work safety and relocation, etc. which already existed before the Delivery
Completion Date. In the event that the Company suffers from any loss or damage due to the
punishment by local government, environmental protection authority, water resources
authority, electricity regulatory authority, forest authority, construction authority,
fire-prevention authority, planning authority, work safety authority, development and
reform authorities or other governmental authorities, the Transferors shall fully
compensate the Transferee and/or the Company so as to hold the Transferee and/or the
Company harmless.
 11.9
    
    The fire-prevention design of all construction projects of the Company are complied
with all relevant PRC laws and regulations and national fire-prevention standards.11.10
    
    Prior to the signing of this Contract, the Transferors have already disclosed all
information of the bank loans of the Company. As of the Payment Date, such information is
still complete, liable, accurate and true. As of the Signing Date, all bank loans of the
Company have been indicated in Appendix II to this Contract and as of the Delivery
Completion date, all due principal and interests of the debts set out in Appendix II hereto
have been fully paid off. The Transferors shall assume joint liabilities for any
undisclosed debts of the Company and any unpaid due principal and interests so as to hold
the Transferee and/or the Company harmless.
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11.11
    
    The Company can legally own the land use right and building ownership for all the land
and buildings currently occupied and used by the Company, and could not be involved in any
legal action, arbitration, penalty or suffer from any other damage or loss due to the land
and/or building issues. In the event that the Transferee and/the Company suffer from any
penalty, damage or loss, etc. due to the use of land or building, the Transferors shall
assume the joint liability to fully compensate Transferee and/or the Company.11.12
    
    The land use right (granted) currently occupied and procured by the Company with the
State-owned Land Use Right Certificates (the serial numbers of which are: Fu Guo Yong
[2010] No. 000007, Fu Guo Yong [2010] No. 000024) has covered all the land needed by the
Company and the Hydroelectric Project, and the procurement of such land use right has been
fully in compliance with the regulations of PRC laws and regulations, and relevant fees and
taxes (including but not limited to requisition compensation fees and land grant premium)
have been fully paid off in accordance with law. In the event that the Transferee and/or
the Company suffer from any penalty, damage or loss, etc. due to such land, the Transferor
shall assume joint liability and fully compensate the Transferee and/or the Company.11.13
    
    When relevant governmental authorities begin to carry out the business of Building
Ownership Certificate, the Transferors shall, on their own expenses, procure the Building
Ownership Certificates for all buildings of the Hydroelectric Project registered under the
name of the Company and deliver the originals of the same to the Transferee.11.14
    
    As of the Delivery Completion Date, the Company does not, neither as lessee nor as
lessor, lease any moveable assets and real estate such as land, buildings equipments and
facilities, etc.11.15
    
    The selection of the entities for the project survey and design, construction,
substantial equipments and materials purchases and project supervisor have been in
compliance with the regulations of all RPC laws and regulations without any violation, and
the competent water resource authority will not impose any administrative penalty on the
Transferee and/or the Company due
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to such selection. In the event the Transferee and/or the Company suffer from any penalty,
damage or loss, etc. due to such selection of the entities for the project survey and
design, construction, substantial equipments and materials purchases and project
supervisor, the Transferors shall assume the joint liability to fully compensate the
Transferee and/or the Company.
 11.16
    
    During the period between the Signing Date and the Delivery Completion Date
(inclusive), the Transferors shall normally operate and manage the Company and warrant that
there will not be any Material Adverse Change of the operation, business and conditions of
the Company.11.17
    
    As of the Delivery Completion Date, the Company does not have any equity investment or
other investment in any other companies, enterprises, and other economic organizations,
etc. In the event that the Company suffers from any damage or loss due to such undisclosed
equity investment or other investments, the Transferors shall assume joint liabilities and
fully compensate the Transferee and/or the Company.11.18
    
    As of the Delivery Completion Date, other than those securities set out in Appendix
III to this Contract, the Companys assets and rights are free from any other security
(including but not limited to mortgage, pledge and lien) or any other restrictions, neither
has the Company provided any security (including but not limited to mortgage, pledge and
guarantee, etc.) for any other companies, enterprises, economic entities or any
individuals. In the event that the Company suffers from any damage or loss due to such
undisclosed securities, the Transferors shall assume joint liabilities and fully compensate
the Transferee and/or the Company11.19
    
    As of the Delivery Completion Date, the electricity fees collection right of the
Company is free from any pledge or other restrictions. In the event that the Transferee
and/or the Company suffer from any damage or loss sue to such pledge or restriction, the
Transferors shall assume joint liability and fully compensate the Transferee and/or the
Company
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11.20
    
    The Company has completed relevant taxation registration effectively and obtained
valid taxation registration certificates, and conducted relevant taxation declaration in
accordance with PRC laws, with all contents declared being real and complete. As of June
30, 2010, the Company has fully paid up all taxes required by the PRC laws and regulations,
including but not limited to enterprise income tax, value-added tax, urban construction tax
and educational surcharges. The Transferors shall assume joint liabilities for any unpaid
tax and fine to the Transferee and/or the Company so as to hold the Transferee and/or the
Company harmless.11.21
    
    All construction projects (whether finished or under construction) of the Company have
obtained all requisite governmental approvals and permits and are strictly complied with
and without any violation of the approvals and permits issued by relevant governmental
authorities. In the event that the Company is punished or suffers from any damage or loss
after the completion of the share transfer by any governmental authority because of any
above issue, the Transferors shall assume joint liabilities and fully compensate the
Company and/or the Transferee.11.22
    
    The effectiveness of this Contract will not cause any Third Party to terminate the
contracts or agreements which are concluded with the Company prior to the effective date
(inclusive) of this Contract which are still effective on the effective date of this
Contract, and will not create any security or restriction in any other form favourable to
the Third Party on the assets and/or rights of the Company.11.23
    
    The effectiveness of this Contract will not cause any adverse effect on the
development, operation and assets of the Hydroelectric Project owned by the Company,
neither can or will cause the loss of the development right, operation right, ownership
right and right to profit of the Hydroelectric Project, which has been obtained by the
Company before the effective date of this Contract (inclusive).
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11.24
    
    The originals of all the material contacts (including, without limitation, the
contracts and relevant supplemental agreements concerning project development, investment
cooperation, land requisition, land compensation, woodland compensation, land lease, loan,
security, counter security, insurance, design, construction, procurement, project
supervisor, purchase, sales of certified emission reductions, grid connection and
dispatching agreement, power purchase and sale contracts and relevant supplemental
agreements, etc. ) concluded by the Company prior to the Signing Date of this Contract
(inclusive) have been preserved by the Company in complete form and there have been no
violations thereof, and as far as the Transferors know, there does not exist any condition
which may lead to the violation by the Company. In case of such circumstances, the
Transferors have disclosed to the Transferee in written form.11.25
    
    The Companys production technology and procedures are in full compliance with
relevant PRC laws, standards and norms, and there are no illegal actions of infringing upon
intellectual property rights of others, such as patent, know-how, etc. In the event that
the Company suffers from any punishment, damage or loss due to any above issue, the
Transferors shall assume joint liabilities and fully compensate the Company and/or
Transferee.11.26
    
    Labour Contracts between the Company and the employees who are still employed by the
Company upon the Signing Date of this Contract have been legally and validly concluded. The
various social insurance premiums, which shall be paid for the employees according to
relevant PRC laws and regulations, have been fully and timely paid up, and the Company has
not delayed any payment of the employees social insurance premiums, salaries, and other
welfares provided in PRC laws and the Companys internal regulations. As of the Delivery
Completion Date, the Company is free from any problem which may lead the employees to
initiate labour arbitrations or lawsuits against the Company. In the event that the Company
and/or Transferee suffer from any punishment, loss or damage due to the aforesaid reasons,
the Transferors shall be jointly liable for the full compensation on the Transferee and/or
the Company.
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11.27
    
    As of the Signing Date, relevant coordination fees, compensation fees and other
liabilities and obligations, which are payable and assumed by the Company to any Third
Party in accordance with relevant agreements for the purpose of the construction, land
occupation and other issues of the Hydroelectric Project, have been fully paid off or
implemented, and relevant originals of the payment evidences and implementation supporting
documents have been delivered to the Transferee. After the Signing Date, in the event that
the Company and/or the Transferee suffer from any loss or damage due to the aforesaid
reasons, the Transferors shall be jointly liable for the full compensation on Transferee
and/or the Company.11.28
    
    The Company and/or the Transferee will not suffer from any damage or loss as a result
of being involved of any legal action, arbitration, claim, etc. initiated by Carbon Asset
Management Sweden AB due to the Companys termination and/or non-performance and/or failure
to perform the Certified Emission Reduction Purchase and Sale Agreement for the Aluhe
Hydropower Station with the installed capacity of 12.6 MW entered into between the Company
and Carbon Asset Management Sweden AB on March 25, 2007 and/or the Certified Emission
Reduction Purchase and Sale Agreement for the Zilenghe Hydropower Station with the
installed capacity of 24 MW entered into between the Company and Carbon Asset Management
Sweden AB. In the event that the Company and/or Transferee suffer from any loss or damage
due to the aforesaid reason, the Transferors shall be jointly liable for the full
compensation on the Transferee and/or the Company. All Parties hereby confirm that all
revenues generated from the Certified Emission Reduction Purchase and Sale Agreement shall
be owned by the Transferors.11.29
    
    Due to the reasonable needs of its production and operation, the Company has taken out
requisite insurances which are usually purchased by other companies in the same industry,
with all the insurance policies are valid, all the mature insurance premiums have been paid
up, and all the other key conditions have been fully fulfilled and complied with. As of the
Delivery Completion Date, there are no conditions which have lead or may lead the aforesaid
insurance
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policies to be invalid. The aforesaid insurance policies are free from restrictions from
any special or unusual articles. As of the Delivery Completion Date, there are no
situations in which the Company may claim for compensations from the insurer according to
the aforesaid insurance policies.
 11.30
    
    All the accounts, books, ledgers and financial records of the Company have been
formulated in accordance with the accounting procedures and rules provided by PRC
accounting system, and have been fully, properly and accurately recorded and completed,
which do not involve any material mistake and deviation, and truly and precisely reflect
all transactions relating to the Company and show the financial, contractual and other
business conditions of the Company during every financial term.11.31
    
    Any representation and warranty made by the Transferors remain valid within
twenty-four months after the Delivery Completion Date.11.32
    
    In the event that the Transferors violate any representation or warranty hereof and
the Transferee incurs any damage or loss therefrom, the Transferee shall be entitled to
directly deduct relevant amount from the Guarantee Fund, the Transferors shall not request
the Transferee to refund such deducted amount and the such compensation shall not prejudice
any right enjoyed by the Company and/or the Transferee against the Transferors under the
PRC laws and regulations and other provisions of this Contract.11.33
    
    The Transferors undertake that they will use their best efforts to procure the
confirmation letter issued by Agricultural Bank of China, Kunming City Panjiawan
Sub-branch, confirming a) the bank has received the notice regarding the transfer of the
Sale Equity Stake and agreed on such transfer; b) the bank will not request the Company to
repay the loan in advance; c) the credit rating of the Company shall not be degraded due to
the deferred payment of the loan in the amount of RMB4,000 which was already due on January
18, 2010.11.34
    
    The Transferors undertake that their will use their best efforts to procure the
confirmation letter issued by the Agricultural Bank of China, Fugong County
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Sub-branch, confirming a) the bank has received the notice regarding the transfer of the
Sale Equity Stake and agreed on such transfer; b) the bank will not request the Company to
repay the loan in advance.
 Chapter V Disclosures, Representations and Warranties by Transferee
 Article 12 Disclosures, Representations and Warranties by Transferee
  12.1
    
    The Transferee is a limited liability company that has been duly established, validly
and legally in existence and also operated normally in accordance with the laws and
regulations of PRC.12.2
    
    The Transferee in signing this Contract and fulfilling all of its obligations
stipulated herein shall not contravene or result in the violation of or constitute a
failure to fulfil or an inability to fulfil any of the stipulations of Transferees
Articles of Association or its internal rules, any laws, regulations, stipulations, or any
authorizations or approvals from any government body or department or any contract or
agreement that Transferee is a party to or is bound by.12.3
    
    No lawsuits, arbitrations, or other legal or administrative proceedings or governmental
investigations are on-going against Transferee that will materially affect its ability to
sign this Contract or fulfil its obligations under this Contract.12.4
    
    The Transferee undertakes that it will do its best to procure the approvals issued by
the Examination and Approval Authority requisite for the transfer of the Sale Equity Stake
contemplated under this Contract prior to May 25, 2010.
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Chapter VI Delivery
 Article 13 Delivery
 13.1
    
    After the Signing Date, the Transferors and the Transferee shall immediately organize a
Delivery Team to make preparations for the delivery of the Company and the Hydroelectric
Project.13.2
    
    During the term from the Signing Date to the Delivery Completion Date:
 (1)
    
    The Transferors shall continue to operate the Company in general and usual
way; the Transferors shall not (or shall not agree to) require the Company to make
any payment to any Third Party, however, excluding the payment which needs to be made
for the general operation purpose and the determined expenditure programme (in the
event that such payment exceeds RMB 50,000, it shall be subject to the prior written
consent of the Transferee); the Transferors shall not terminate any agreements or
arrangements which have significant value to the Company, or give up any rights which
have significant value;(2)
    
    In the event that the Company intends to enter into any contract, agreement
or memorandum, etc., of which the price, value, liability or debt (including
contingent debt) exceeds the amount of RMB 50,000, the prior written consent from the
Transferee must be procured;(3)
    
    Without the prior written consent of the Transferee, the Transferors shall
not make any material amendments to the financing, loan or security arrangements of
the Company;(4)
    
    The Transferors shall take all reasonable actions to preserve and protect
the assets of the Company; and shall not create any pledge, mortgage and other type
of securities on the assets of the Company, or provide guarantee or other security to
any Third Party in the name of the Company;
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(5)
    
    The Transferors shall not, on behalf of the Company, settle, release or
terminate any material lawsuits, arbitrations or other legal proceedings, or any
material legal liabilities and claims, or give up the rights relating to the
foregoing;(6)
    
    The Transferors shall not release or write off any debt owed by the debtor
specified in the accounting books of the Company;(7)
    
    The Transferors shall ensure the Company will not enter into any
cooperation, joint venture or other forms of outward equity investment or debt
investment arrangements;(8)
    
    In case of any Material Adverse Change or other conditions which may cause
the representations, warranties or undertakings made by the Transferors to be false,
inaccurate, unrealizable or misleading, the Transferors shall inform the Transferee
in written form within twenty-four (24) hours and provide reasonable and detailed
information and explanation; and(9)
    
    The Transferors and/or the Company will not take any actions which may
violate the provisions of this Contract or may influence the fulfilment of the
obligations hereunder or the transfer of the Sale Equity Stake contemplated herein.
 13.3
    
    The Transferors shall warrant making a full and complete delivery and the Companys
movable assets and real estate delivered to the Transferee shall not be decreased or
damaged comparing with those listed in Appendix IV to this Contract. Otherwise, the
Transferors shall compensate the Transferee and/or the Company in full.13.4
    
    The delivery includes but not limited to:
 (1)
    
    The production, operation and management of the Company and the
Hydroelectric Project;
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(2)
    
    Delivery of financial affairs;(3)
    
    The Companys seals, such as the official seal, financial seal and
contract seal, etc. shall be delivered to the Transferee;(4)
    
    The originals of the accounts opening documents and seals for all the
bank accounts of the Company shall be delivered to the Transferee;(5)
    
    The Transferors and the Transferee shall check and verify all the
assets (including but not limited to the real estate and movable assets) of the
Company in accordance with the real estate and movable assets list of Appendix IV,
make a list of the Companys assets, and complete the delivery with the
representatives of both the Transferor and the Transferee signed and confirmed on
site; during the checking and verifying of the assets, the Transferor shall
compensate for the damaged assets by reference to the assessed value;(6)
    
    Originals of all approvals, certificates, licences, customer
information and other materials shall be delivered to the Transferee, which shall
be no less than those materials set out in the materials list delivered to and
confirmed by the Transferee as provided in Appendix I;(7)
    
    Originals of all the project drawings, contracts and agreements
(including but not limited to grid connection and dispatching agreement, power
purchase and sale contract, project contract, equipment contract, installation
contract, project supervisor contract, materials contract, loan contract and
mortgage contract) and other files shall be delivered to the Transferee;(8)
    
    Originals of all the financial accounting books, financial vouchers
and the fiscal files shall be delivered to the Transferee;
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(9)
    
    The Transferors shall deliver the specific technologies of the
parties to the Hydroelectric Project contracts, such as the parties of
construction, equipment manufacture, design, supervision, quality examination,
etc. to the Transferee; and(10)
    
    The delivery of other materials and files of the Company.
 13.5
    
    The delivery shall be completed within five (5) Working Days after the Payment Date,
the completion of which shall be confirmed in writing by the Transferee. The Delivery
Completion Date shall be the issuance date of the written confirmation by the Transferee.13.6
    
    After the completion of the delivery, as for the reasonable request of further delivery
by the Transferee in writing, the Transferors shall cooperate actively.13.7
    
    The Transferors shall make sure the continuity, stability and safety of the production
and operation of the Company during the process of the delivery.13.8
    
    The Transferors shall fully cooperate so as to complete the delivery. In the event that
the Transferee or the Company after the transfer of the Sale Equity Stake suffers from any
damage due to the Transferors non-cooperation, the Transferors shall be jointly liable for
the compensation in accordance with law.
 Chapter VII Debt Arrangement and Employees Relocation
 Article 14 Debts Arrangement
 14.1
    
    All Parties confirm that as of the Delivery Completion Date, the banking debts of the
Company shall be in the total amount of RMB 118,000,000, and the Company will continue to
undertake such loans after the completion of the transfer of the Sale Equity Stake. All
creditors right and other debts incurred prior to the Delivery Completion Date shall be
enjoyed and assumed by the
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Transferors and the Transferee and/or the Company shall not be liable unless otherwise
agreed by the Parties.14.2
    
    After the completion of the transfer of the Sale Equity Stake, except for the banking
debts in the amount of RMB 118,000,000 listed out in Article 14.1 above, the Transferee
shall not assume any other liabilities to the other banking debts of the Company incurred
before the Delivery Completion Date. In the event that the Company and/or the Transferee
suffer from any damage or loss due to such debts, the Transferors shall assume the joint
liability to fully compensate the Company and/or Transferee.
 Article 15 Relocation of Employees
 15.1
    
    Upon the completion of the transfer of the Sale Equity Stake, the Transferee shall be
entitled to choose to employ excellent employees from the current employees of the Company.
The terms and conditions of their employment shall be determined by reference to the
standards applied in the other domestic project companies currently owned by the Transferee
in principle and implemented in accordance with the Labour Law of the PRC, the Labour
Contract Law of the PRCand its implementation regulations and other relevant PRC laws and
regulations. The Company shall execute new labor contracts with the employees and the
Transferors shall be responsible for the relocation of those employees who are not
re-employed by the Company.15.2
    
    The Transferors undertake and warrant that they will properly relocate the employees
who are fired or not re-employed by the Company and shall ensure that such employees will
not make any trouble against the Company, nor will apply for arbitration, bring lawsuit or
any other administrative or judicial proceedings against the Company. The Transferors shall
make sure that the Company will not be punished by any competent governmental authority or
incur any other adverse effect due to the relocation of the aforesaid employees.15.3
    
    The Transferors undertake and warrant that all compensation, indemnity, costs and any
other expenses in connection with the relocation of the employees of the Company shall be
assumed by the Transferors themselves. In the event that
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the Company and/or the Transferee suffer from any damage or loss, the Transferors shall be
jointly liable for the full compensation on the Company and/or the Transferee.
 Chapter VIII Confidentiality
 Article 16 Confidentiality
 16.1
    
    Unless otherwise provided for in another relevant confidentiality agreement, with
regard to the confidential and exclusive information that have been disclosed to or may be
disclosed to the other Parties by any Party to this Contract pertaining to their respective
businesses, or financial situations and other confidential matters, all Parties to this
Contract which have received the aforesaid confidential information (including written
information and non-written information, hereinafter referred to as Confidential
Information) shall:
 16.1.1
    
    Keep the aforesaid Confidential Information confidential;16.1.2
    
    Save for the disclosure of the Confidential Information by a Party to this Contract to
its employees solely for the performance of their duties and responsibilities, none of
the Parties to this Contract shall disclose the Confidential Information to any Third
Party or any entity.
 16.2
    
    The provisions of the aforesaid Article 16.1 shall not apply to Confidential Information:
 16.2.1
    
    which was available to the receiving Party from the written records made by the
receiving Party and was approved to be known by the receiving Party by the written
records before the disclosing Party disclosed the information to the receiving Party;
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16.2.2
    
    which has become public information by means not attributable to any breach by the
receiving Party;16.2.3
    
    which was obtained, by the receiving Party from a Third Party not subject to any
confidentiality obligation to the said Confidential Information.
 16.3
    
    As far as any natural person or legal entity which is a Party to this Contract is
concerned, notwithstanding that it has ceased to be a Party to this Contract because of the
transfer of its rights and obligations pursuant to the terms of this Contract, the
stipulations set out in this Chapter VIII shall remain binding on it.
 Chapter IX Breach of Contract
 Article 17 Liability for Breach of a Representation or Warranty
 17.1
    
    If any representation or warranty made by any Party to this Contract is found to be an
error, or if any fact that has or is likely to have a major or substantial effect on the
signing of this Contract by any Party has been omitted, or if any representation or
warranty is found to be misleading or untrue in any respect, the non-breaching Party shall
be entitled to require the Party (ies) in breach for full compensation for any loss,
damage, cost or expense arising from the erroneous, misleading or untrue representation or
warranty of the Party (ies) in breach or arising from any other breach of any
representation and warranty given by the Party (ies) in breach.17.2
    
    Each representation and warranty set out in this Contract is to be construed
independently.17.3
    
    For the avoidance of doubt, the Transferors hereby unconditionally and irrevocably
agree and confirm that they shall be jointly liable for any liability for any breach of
representation or warranty.
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Article 18 Liability for Breach of Contract
 18.1
    
    In the event of a breach committed by any Party to this Contract, the said defaulting
Party shall be liable to the other Party (ies) for the losses and damages or any other
liabilities arising out of that defaulting Partys breach of contract in accordance with
the provisions of this Contract and the laws and regulations of PRC. In the event all
Parties commit the breach of contract, one Party shall assume the liability to compensate
the loss or damage or other obligations for the other Parties respectively.18.2
    
    In the event that the undisclosed issues by Transferors prior to the signing of this
Contract which may influence the legal existence of the Company and the Hydroelectric
Project, actually influence the legal existence of the Company or the Hydroelectric Project
after the share transfer hereunder, the Transferee is entitled to the termination of this
Contract and to require the Transferors to fully pay back the Transfer Price which has
already paid by the Transferee and three percent (3%) of the Transfer Price as liquidated
damages; in addition, the Transferee is entitled to resort to other claims in accordance
with the PRC laws.18.3
    
    Any violation of the obligations, representations and warranties under this Contract by
any Party of the Transferors and Transferee shall constitute a breach of contract, and the
defaulting Party (ies) shall assume the liability to compensate all the losses due to the
breach of contract to the other Party.18.4
    
    Any delayed performance of the obligations, representations and warranties under this
Contract by any Party of the Transferors or Transferee shall constitute a breach of
contract; however, the delayed performance or non-performance due to the other Partys
advance performance obligation shall not constitute a breach of contract.The defaulting Party with delay in performance of the Contract shall pay the
liquidated damages per day in the amount of the Transfer Price multiplied by the
one-year bank loan rate announced by the Peoples Bank of China to the
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non-defaulting Party (ies); in the event that the defaulting Party delays to perform the
Contract over thirty (30) Business Days, the non-defaulting Party (ies) is entitled to
terminate the Contract, and to require the defaulting Party to pay one percent (1%) of the
Transfer Price as liquidated damages. The procurement of the liquidated damages shall not
prejudice the non-defaulting Party (ies) right to claim for other legal remedies in
accordance with other provisions of this Contract and the PRC laws and regulations.
 18.5
    
    For the avoidance of doubt, Transferors hereby unconditionally and irrevocably agree
and confirm that they shall be jointly liable for any liability for any breach of this
Contract committed by any of Transferors.
 Chapter X Force Majeure
 Article 19 Force Majeure
 19.1
    
    Force Majeure refers to earthquake, typhoon, flood, fire, war, political unrest and
such special incidents or events that are deemed to be Force Majeureoccurrences under the
provisions of the relevant laws and regulations of PRC.19.2
    
    In the event of the occurrence of a Force Majeureevent, the obligations of the Party
to this Contract affected by this Force Majeureevent shall cease during the period of the
Force Majeureevent and any term or period set out in this Contract to which the affected
party is subject shall automatically be extended by a period equal to the term or period of
the Force Majeureevent, the period of extension shall be the same as the period of
cessation of the obligations by reason of the Force Majeureevent, and the said Party shall
not be liable for any losses and damages or any other liabilities arising out of a breach
of contract as provided for in this Contract for the duration of the Force Majeure.
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19.3
    
    The Party claiming the occurrence of a Force Majeureevent shall promptly inform the
other Party (ies) in writing, and within seven (7) days thereafter, it shall provide
sufficient evidence issued by the notary organization of the occurrence and the continuity
of the Force Majeureevent. It shall also do its best to eliminate the adverse effect of
the Force Majeureevent.
 Chapter XI Resolution of Disputes
 Article 20 Arbitration
 20.1
    
    Any dispute arising out of or in connection with this Contract between the Parties to
this Contract shall firstly be resolved through friendly consultation. In the event that
thirty (30) days after the commencement of the friendly consultations, the dispute cannot
be resolved through such means, either Party may submit the dispute to China International
Economic and Trade Arbitration Commission South China Sub-Commission for arbitration in
accordance with its prevailing valid arbitration rules. The place for arbitration shall be
in Shenzhen.20.2
    
    The arbitration tribunal shall consist of three (3) arbitrators and the arbitrators
shall be proficient in both English and Chinese Languages.
 Article 21 Validity of the Arbitration Award
  Article 22 Continuation of Rights and Obligations
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Chapter XII Applicable Law
 Article 23 Applicable Law
  Chapter XIII Miscellaneous
 Article 24 Waiver
  Article 25 Transfer
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Article 26 Amendment
 26.1
    
    This Contract has been executed for the benefit of all Parties to this Contract and
their respective lawful successor(s) and assignees, and shall have legal binding effect on
them.26.2
    
    This Contract may not be amended verbally. Only both of the written document signed by
all Parties indicating their consent to such amendment and the written approval of the
Examination and Approval Authority, shall any amendment to this Contract become effective.
 Article 27 Severability
  Article 28 Language
  Article 29 Validity of the Text and Appendices
 29.1
    
    This Contract, being executed by all Parties, shall become effective on the approval
date by the Examination and Approval Authority. The Chinese text of this Contract shall be
signed in six (6) sets of original. Each Party shall each hold one (1) set of original, and
one (1) set of original each shall be sent to the Examination and Approval Authority and
other governmental authorities as required. The remaining originals shall be filed and kept
by the Company.29.2
    
    The English text of this Contract shall be signed in six (6) sets of original and one
(1) set of original each shall be sent to the Examination and Approval
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Authority and other governmental authorities as required. The remaining originals shall be
filed and kept by the Company.
 29.3
    
    The Appendices to this Contract shall form an integral part of this Contract, and shall
have the same effect as this Contract.
 Article 30 Notification
 30.1
    
    Unless otherwise specified and prescribed, any Party issuing any notification or
written communication to the other Party (ies) according to the provisions of this Contract
shall have them written in the Chinese and English Language and shall send them as a letter
by a courier service company or by facsimile. Letters sent by a courier service company
will require a confirmation to be given seven (7) Working Days after handing over the
notification or communication to the courier service company. Any notification or written
communication sent in accordance with the stipulations of this Contract shall be deemed to
be effective on the date of receipt. If they are sent by facsimile, the date of receipt
shall be deemed to be three (3) Working Days after transmission, subject to a facsimile
confirmation report evidencing this.30.2
    
    All notifications and communications shall be sent to the following addresses, until
such time when the other Party (ies) issues a written notice of any change to its address:Transferees Address: 25B, New Poly Plaza, No.1 Chaoyangmen North St., Dongcheng District, Beijing
 Telephone Number:
    
    010-6492 8483Facsimile Number:
    
    010-6496 1540Addressee:
    
    Jin Lei
 The Address appointed by Transferors together:8th Floor, Minnan
Plaza, Hubin South Road, Xiamen City
 Telephone Number:
    
    0592-5831088Facsimile Number:
    
    0592-5831299
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Addressee:
    
    Mao Chengwen
 Article 31 The Entire Agreement
  (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)
 
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Party A:
    
    Fujian Huabang Hydroelectric Investment Co., Ltd.(Stamp)
 Authorized Representative (Signature) /s/ James Li
 /s/ Gan Wu
 Party B:
    
    Yunnan Minfa Hydroelectric Development Group Co., Ltd.(Stamp)
 Authorized Representative (Signature) /s/ Zhang Zimin
 Party C:
    
    Xiamen Minrui Investment Co., Ltd.(Stamp)
 Authorized Representative (Signature) /s/ Zhang Zimin
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Appendix I Conditions Precedent
 Conditions Precedent
  (1)
    
    To procure the confirmation letter issued by Agricultural Bank of China, Kunming City
Panjiawan Sub-branch, confirming that it has consented to the deferred payment of the loan
in the principal amount of RMB4,000,000 which was due on January 18, 2010 to the end of
2010, or to pay off such loan to Agricultural Bank of China, Kunming City Panjiawan
Sub-branch;(2)
    
    To enter into the extension agreement on the Power Purchase and Sale Contract on
Outbound Transmission to Provincial Grid Output (purchasers contract number: Yun Dian Nu
Ying Gou Shou Dian He Tong [2009] No.17/Power Wheeling Party Contract number: YH2009003)
with Yunnan Grid Corporation Nujiang Power Supply Bureau and Yunnan Nujiang Power Grid
Co., Ltd. and to enter into the extension agreement on the Power Purchase and Sale
Contract (contract number 2009003); or procure the confirmation letter respectively issued
by Yunnan Grid Corporation Nujiang Power Supply Bureau and Yunnan Nujiang Power Grid Co.,
Ltd., confirming the Power Purchase and Sale Contract on Outbound Transmission to
Provincial Grid Output (purchasers contract number: Yun Dian Nu Ying Gou Shou Dian He
Tong [2009] No.17/Power Wheeling Party Contract number: YH2009003) is still valid and they
will continue to perform such contract and to obtain the confirmation letter issued by
Yunnan Nujiang Power Grid Co., Ltd., confirming that the Power Purchase and Sale Contract
(contract number 2009003) is still valid and it will continue to perform such contract;(3)
    
    The Transferors shall deliver the list of all documents, vouchers and other materials
of the Company to the Transferee, including, without limitation, the financial vouchers,
accounting books, approvals, certificates, permits,
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customers information, all contracts and agreements signed by the Company, employees
materials, etc.;
 (4)
    
    To provide the preliminary design report of the Hydroelectric Project and relevant
approvals; and(5)
    
    To provide the overall completion acceptance report and relevant approvals.
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