Supplementary Agreement ofChangxing Chisen Electric Co., Ltd Relocation Project

 

Party A: Zhejiang Changxing Economic Development Zone Management Committee

Party B: Changxing Chisen Electric Co., Ltd

  

According to mutual agreement of <Compensation for acquisition and relocation of Corporation> signed between Party A and B on the 20th of August, 2010, the mutually agreed contents of the supplementary agreement is as following:

The content and clause of rule 6 for original agreement is: Party B should handover relevant certification documents of Jingyi Road to Party A within 30 days from the date of signing the original agreement. In addition, the relocation should be completed within 1 year from the date of signing the original agreement. Hereby modify as: Party B should handover relevant certification documents of Jingyi Road to Party A within 30 days after Party A and Changxing County Land Reserve Center assist Party B acquiring the land use right certificate of no. 1188 Taihu Road. In addition, the relocation should be completed within 1 year from the date of acquiring the land use right certificate of no. 1188 Taihu road.

This agreement is the supplementary of <Compensation for acquisition and relocation of Corporation>. There is equivalent legal force as if the original agreement. This agreement should be the basis if there is contradiction between the two agreements.

There are six copies for this agreement. The agreement becomes valid after it is signed by both representatives.

Party A: Zhejiang Changxing Economic Development Zone Management Committee

Statutory representative signature: /s/ Authorized Person

September 17, 2010

Party B: Changxing Chisen Electric Co., Ltd

Statutory representative signature:  /s/ Authorized Person

September 17, 2010