| 1.        | 20      MWSolar      Plant: Sunovia proposes to build and develop a 20 MW solar facility      using concentrator photovoltaic (CPV) solar energy technology, by the end      of year 2012, with up to an additional 80      MW (for a total of 100 MW) within the 12 months following its start      date. The start date shall be concreted by Sunovia upon the successful      conclusion of the tasks described in the Project Study Outline during the      provisional concession period. The evaluation and prospection studies      necessary for the installation and development of the Solar Plant shall      initiate as soon as Sunovia deems it practicable, once the Commission has      granted the provisional concession to thatend. |
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| 2.        | The      Space:  The Parque will provide Sunovia the land and/or      space necessary for the installation of the Solar Plant within the      perimeter of the Parque Cibernetico, at no cost, for a minimum of twenty      five (25) years starting at the end of the provisional concession period,      with subsequent 5-year automatic extensions provided certain parameters to      be agreed upon by the Parties in the definitive agreement, are met. The      geographical coordinates of the land/or space where the Solar Plant is      going to be installed will be determined in the definitive agreement. The      Parque hereby authorizes Sunovia to start using the Land in order to carry      out the studies, analysis, prospections, and in general, everything that      is required to explore the feasibility of the installation and development      of the Solar Plant, within the provisional concession period. The "Parque"      will fully cooperate with Sunovia so that Sunovia can obtain all that is      necessary to meet the Solar Plant required standards, in accordance with      the Project Study Outline. |
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|           3.     | The      Facility:  The "Parque" agrees to provide a twenty five      thousand (25,000) square feet facility satisfactory to Sunovia, within the      perimeter of the Parque Cibernetico, for a minimum five years term      beginning January 1st, 2011,      at a competitive market rate that is mutually agreeable to the parties,      for the assembly of the solar systems and potentially, LED lighting      fixtures. |
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|          4.         | Marketing      and      Sale. The "Parque" will be responsible for marketing and selling,      on a non-exclusive basis, the solar energy generated by the Solar Plant to      its Customers as well as to Customers outside the perimeter of the Park      (collectively, "the Customers); and guarantees to Sunovia that any and all      energy generated by the Solar Plant will be purchased and paid for by the      Customers. |
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|           5.     | Profit      Distribution: Sunovia and the "Parque" have agreed to a profit      distribution of fifty percent (50%) each, of the net income to be      eventually generated by the Solar Plant directly from the sale of solar      energy to Customers, provided that any Financing required will have to be      serviced prior to any profit split and provided such profit split will be      for the; same term of the use of the land and/or space. The financing      requirement will be determined by The Parties prior to the execution of      the final agreement. The "Parque" and Sunovia will define the legal      instrument that best fits the profit distribution agreement, whether it is      a Company, a shareholders agreement, a commercial agreement, among      others. |
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|           6.        | Conditions      Precedent to a Definitive Agreement. The parties shall promptly      commence negotiation of: a) the definitive agreement regarding the land      or/and space where the Solar Plant is to be installed; b) the definitive      agreement regarding the 25,000 square feet facility; c) the determination      of the financial requirements and the profit distribution agreement      provided it is done separately and any other contract or agreement that      needs to be drafted to cover the issues negotiated. The execution of such      agreements shall be contingent upon (a) granting of the provisional      concession specified in Article 1 Letter i) and Article 16 of the      Renewable Energy Law by the Commission to Sunovia; and b) such agreements      indicated in letters a) b) and c) being satisfactory in form and substance      to the Parties. Whether or not the Parties enter into the definitive      agreements with respect to the proposed transaction, each of the parties      hereto will pay its own out-of-pocket expenses in connection with the      proposed transaction. |
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|           7. |  Termination.      It is of great importance for Sunovia to benefit from the      incentives established by the Renewable Energy Law and its regulation.      Therefore, it is acknowledged by the "Parque" that Sunovia will apply      before the Commission for the provisional concession to carry out the      evaluation necessary for the construction of the Solar Plant, and later      on, based on the results of such evaluation, it will apply for the      definitive concession that will entitle Sunovia to benefit from the      incentives created by the Renewable Energy Law an its regulation. In the      event that Sunovia does not obtain the concessions and permits from the      Comision Nacional de Energia |
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| 8.        | Counterparts:      This letter of intent may be executed in two or more counterparts,      each of which may bear the execution of some or all of the parties but all      of which, taken together, shall constitute a single      instrument. |
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| 9.        | Applicable      Law and Jurisdiction: The terms of this Letter of Intent shall be      governed by the laws of the Dominican Republic. In the event any conflict      arises with regard to the construction, interpretation, enforcement,      termination or any cause related directly to this Letter of Intent and/or      its subsequent definitive agreements, the Parties agree to submit the      litigation to binding arbitration, in accordance with the Ruling of      Arbitration of the Consejo de Conciliacion y Arbitraje de la Camara de      Comercio de Santo Domingo, Inc. |
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