EMISSION REDUCTION PURCHASE AGREEMENT(ERPA) [Chinese translation](ERPA) HCIC Project-Using Waste Heat from Gangue Brickkiln to Generate Power (WHR) [Chinese translation]

Contract Categories: Business Finance - Purchase Agreements
EX-10.14 15 exhibit1014.htm EXHIBIT 10.14 exhibit1014.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Emission Reduction Purchase Agreement                                                                                                         Page 1 of 16

Exhibit 10.14

EMISSION REDUCTION PURCHASE AGREEMENT(ERPA)
[Chinese translation](ERPA)

HCIC Project-Using Waste Heat from Gangue Brickkiln to Generate Power (WHR)
[Chinese translation]

Between

(the "Purchaser") /“[Chinese translation]”

ECOLOCAP SOLUTIONS (CANADA) INC (ECOLOCAP)

740 St Maurice suite 102
Montreal, Qc H3C1L5
Canada
Tel: 5148763907
Fax: 5148764080
Email: ***@***
President-CEO: Dr. Tri Vu Truong

(the " Seller"), henceforth “PROJECT PROPONENT” [Chinese translation]
Owner: Hebi Coal Industry (Group) CO., Ltd. (“HCIC”)/ [Chinese translation]

Address: No. 22, HeMei Street, Hebi City, Henan Province, China. Zip:458000 [Chinese translation] 
0392 ###-###-####, 13903922611 [Chinese translation]
[Chinese translation]/General Director: LI,Yongxin

 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                                    Page 2 of 16

Interpretation and Definitions/[Chinese translation] 
   In this Agreement, unless otherwise required by the context, all capitalized terms shall have the 
meaning set forth in the definitions below. 
   [Chinese translation]
 
Agreement/
[Chinese translation] 
Means this Emission Reduction Purchase Agreement(ERPA).
[Chinese translation] 
Annex B Countries/
[Chinese translation] 
Means the countries listed in Annex B to the Kyoto Protocol having
committed themselves to reduce or limit their GHG emissions.
[Chinese translation] 
Annex I Countries
[Chinese translation] 
Means the parties to the UNFCCC listed in Annex I thereto (Annex I
consists of industrial countries and countries in transition).
[Chinese translation] 
Baseline/
[Chinese translation]
Means the scenario that reasonably represents the anthropogenic
emissions of GHG that would occur in the Host Country in the absence of
the Project, determined in accordance with the Kyoto Rules.
[Chinese translation] 
 Business Day/ [Chinese
translation] 
Means a day on which banks are open for general business in China./
[Chinese translation] 
 Carbon Dioxide
Equivalent
[Chinese translation] 
Means a metric measure used to compare the emissions of various GHG
based upon their global warming potential.
[Chinese translation] 
Certification/
[Chinese translation]
Means the written confirmation by an Operational Entity of an Emission
Reduction resulting from a CDM project and having passed the
Verification procedure according to the Kyoto Rules.
/[Chinese translation] 
Certified Emission
Reduction (CER)
[Chinese translation]
Means a unit of Emission Reduction issued pursuant to Article 12 of the
Kyoto Protocol and the requirements of the Kyoto Rules (including
Certification), equal to one metric ton of Carbon Dioxide Equivalent
resulting from a CDM project.
[Chinese translation] 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                               Page 3 of 16

Clean Development
Mechanism (CDM)
[Chinese translation]
Means the flexible mechanism established by Article 12 of the Kyoto
Protocol providing for Annex I Countries to implement projects that
reduce emissions in non-Annex I Countries in return for CERs and assist
the non-Annex I Countries in achieving sustainable development and
contributing to the ultimate objective of the UNFCCC.
[Chinese translation] 
Crediting Period
[Chinese translation]
If Kyoto Protocol ceases to have effect or is terminated before the
expiration of any crediting period, the purchasing agreement will remain
valid for purchasing obligations prior to this termination date, however
purchasing obligations beyond this termination date will automatically
cease.
[Chinese translation] 
Emission Reduction
/[Chinese translation] 
Means reduction in emission of GHG achieved, calculated in accordance
with the Kyoto Rules.
[Chinese translation] 
Executive Board
[Chinese translation]
Means the international authority elected by the representatives of the
parties to the Kyoto Protocol responsible for monitoring the CDM
process.
[Chinese translation] 
First Commitment
Period/
[Chinese translation] 
Means July 20, 2008 until December 31, 2012.
[Chinese translation]
Force Majeure
[Chinese translation]
Means any circumstance or condition beyond the control of either party to
this Agreement affecting the performance of its obligations under this
Agreement including in particular wars, insurrection, natural disaster or
equivalent circumstances.
[Chinese translation] 
Greenhouse Gases
(GHG)
[Chinese translation] 
Means the six gases listed in Annex A to the Kyoto Protocol.
[Chinese translation]
Host Country/
[Chinese translation] 
China/[Chinese translation]
Kyoto Protocol
[Chinese translation] 
Means the protocol to the UNFCCC adopted at the third conference of the
parties to the UNFCCC in Kyoto, Japan, on December 11, 1997.
[Chinese translation] 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                                                Page 4 of 16

Kyoto Rules
[Chinese translation]
Means the UNFCCC, Kyoto Protocol, the Bonn agreement, the
Marrakech Accords, any relevant decisions, guidelines, modalities and
procedures made pursuant to them and/or any succeeding international
agreements as amended and/or supplemented from time to time and which
include those rules specifically required to be met for the issuing and
transfer of CERs. /UNFCCC
[Chinese translation] 
Letter of Approval
(LOA) [Chinese
translation] 
Means a binding approval of the Project by the DNA of the Host Country
together with an approval of the transfer of CERs.
[Chinese translation] 
Monitoring Report
[Chinese translation]
Means an annual report to be provided by Owner setting out the total
number of Emission Reductions generated by the Project during the
previous year according to the Kyoto Rules, international Monitoring
rules and the PDD.
[Chinese translation] 
Monitoring/
[Chinese translation]
Means the collection and record of data allowing the assessment of
reductions in GHG emissions resulting from the Project conducted in
accordance with the Kyoto Rules.
[Chinese translation] 
Designated
Operational
Entity(DOE)
[Chinese translation] 
Means an independent entity accredited by the Executive Board being the
executive body for CDM and inter alias responsible for determining
whether a project and the resulting Emission Reductions meet the
requirements of Article 12 of the Kyoto Protocol.
[Chinese translation] 
Project Design
Document (PDD)
[Chinese translation] 
Means a detailed description of the Project to be submitted for Validation
attached here in Annex []. The Purchaser will be responsible for providing
PDD development for Registration of the Project.
[Chinese translation] 
Project
/[Chinese translation]
Means the proposed CDM project described in the PDD and other
documents describing the implementation and economics of the Project
attached in Annex []
[Chinese translation] 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                                 Page 5 of 16

Registration
[Chinese translation] 
Means the official registration of a CDM project by the Executive Board
according to the Kyoto Rules.
[Chinese translation] 
UNFCCC Means the United Nations Framework Convention on Climate Change
adopted in New York on May 9, 1992.
[Chinese translation] 
Unit Price
/[Chinese translation]
Means the price payable by Purchaser to Project Proponent per Certified
Emission Reduction (CER) unit:
[Chinese translation]

The purchase unit price paid by EcoloCap Solutions Canada Inc to
Chinese Project Proponent for the CER is fixed at (9.5)Euro for the year
2009 to 2012; both parties will renegotiate the ERPA for the extension
period (2013 - 2026).
/[Chinese translation]

The amount paid to the Chinese Project Proponent for the total certified
CER generated from this project is fixed at (80)% of the total value of
CER at this above mentioned purchase price ((9.5)Euro) “Total revenues”
is defined as the amount of: (9.5)Euro x total CER. Ecolocap Solutions
Canada Inc. will get (20)% of the total revenues.
/[Chinese translation]

TERM:/ [Chinese translation]

Ecolocap Solutions inc will purchase certified CER generated by this
project for the year 2009 to 2012 with options of extension for another
two period of 7 years, the period 2013^2026, under same terms and
conditions(except for the price).
[Chinese translation] 
Validation
/[Chinese translation] 
Means the assessment of the PDD, including the Baseline, by an
Operational Entity, determining its compliance with the Kyoto Rules.
[Chinese translation] 

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Emission Reduction Purchase Agreement                                                                                       Page 6 of 16

Verification
[Chinese translation]
Means the periodic independent review and ex post determination of the
monitored reductions in GHG emissions that the Project has achieved
during a specified period of time by an Operational Entity in accordance
with the Kyoto Rules. The project's owner will be Responsible for
providing periodical monitoring.
[Chinese translation] 
 
  
Unless otherwise specified, references to clauses are to clauses of this Agreement, references to legal 
provisions are references to such provisions as in effect from time to time, use of a gender includes any 
gender and use of the plural includes the singular and vice versa where the context requires. 
[Chinese translation]
 
All headings and titles are inserted for convenience only and shall not be deemed part of this 
Agreement or taken into consideration in its interpretation. 
[Chinese translation]
 
 
1.   Preamble/[Chinese translation] 
 
    The Project is located on the territory of the Host Country. [Chinese translation] 
 
2.   Contractual Obligations/[Chinese translation] 
 
2.1.   Certified Emission Reductions/[Chinese translation] 
 
2.1.1.   The Purchaser will purchase the total certified emission reduction, the number of which is 
    monitored and accepted by the DOE. 
    [Chinese translation] 
 
2.1.2.   If the Project generates CERs, during the crediting period Project Proponent shall, to the 
    extent it is legally possible and permissible, exclusively transfer or cause to be transferred to 
    Purchaser all rights (and, to the extent legally possible and permissible, legal title) which 
    Project Proponent may have in the Anticipated Emission Reductions generated during the 
    Crediting Period to Purchaser. 
    [Chinese translation] 
 
2.1.3.   Purchaser shall pay to Project Proponent the Unit Price for each Certified Emission Reduction 
    generated by the Project and in which the Project Proponent's rights are transferred to 
    Purchaser in accordance with clause 3 below. 
    [Chinese translation] 
 
2.2.   Emission Reductions generated after the Crediting Period/[Chinese translation] 
 
    If the Project generates any Certified Emission Reductions after the Crediting Period, 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                                    Page 7 of 16

    Purchaser shall enter into negotiations with Project Proponent with a view to concluding an 
    agreement on the purchase of such Certified Emission Reductions based on the principles of 
    this Agreement but amended in order to reflect the international and/or national rules then 
    applicable. 
    [Chinese translation] 
 
3.   Transfer/[Chinese translation] 
 
    Transfer to Purchaser of all the rights (and, to the extent legally possible and permissible, legal 
    title) which Project Proponent may have in a Certified Emission Reduction shall have 
    occurred upon the transfer of a CER from the register of the Executive Board to a register in 
    favor of Purchaser or such other account or register Purchaser has notified to Project 
    Proponent in writing. 
    [Chinese translation] 
 
4.   Payment/[Chinese translation] 
 
4.1.   Payment for Certified Emission Reductions/[Chinese translation] 
 
4.1.1.   Payment by Purchaser to Project Proponent for the Certified Emission Reductions (the rights 
    in which are transferred pursuant to clause 3) shall be deposited in the project proponent’s 
    account within 60 Business Days after the CERs are delivered 
    [Chinese translation] 
 
4.1.2.   All payments shall be made to the accounts specified from time to time be notified to the 
    other party in writing. 
    [Chinese translation] 
 
4.1.3.   All payments shall be made in Euro. [Chinese translation] 
 
4.2. Costs and Expenses/[Chinese translation] 
 
4.2.1. Subject to clause 4.2.2 below, all taxes, fees, costs or other expenses in connection with the 
    generation of CERs by the Project and their Registration and transfer (including VAT in any 
    jurisdiction Purchaser duly notifies Project Proponent to transfer CERs as in Clause 3, if 
    applicable) shall be borne by Project Proponent and purchaser. 
    [Chinese translation] 
 
4.2.2.   The share of the proceeds from CERs generated by the Project to be used to cover 
    administrative expenses and to assist developing countries that are particularly vulnerable to 
    the adverse effects of climate change to meet the costs of adaptation according to the Kyoto 
    Rules shall be borne by the Purchaser. 
    [Chinese translation] 
 
    Project proponent shall pay all costs and fees in connection with the project-relevant 
    documents preparation for use in the host country, the submission, approval, construction, 
    operation, maintenance and monitoring of the project activities taking place in the host 
    country, including but not limited to the tax, costs and expenses levied by Chinese National 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                            Page 8 of 16

    Development and Reform Commission and other government authorities. 
    [Chinese translation] 
 
    Purchaser shall pay all the costs and fees in connection with the CDM project development 
    abroad, including but not limited to the obtaining of any approvals from the Canada 
    government as required under the CDM rules, the preparation of PIN (project idea 
    note)/PDD(project design document), the validation, the verification/certification, and the 
    registration with CDM Executive Board. 
    [Chinese translation] 
 
4.2.3.   All costs accrued to each of the Parties in negotiating, preparing, executing and carrying into 
    effect of this Agreement, shall be borne by each of the Parties themselves. 
    [Chinese translation] 
 
5.   Termination and Remedies/[Chinese translation] 
 
5.1.   Either party (the "Non-defaulting Party") shall be entitled to terminate this Agreement by 
    written notice to the other party with immediate effect if any of the following events occurs: 
    [Chinese translation] 
 
5.1.1.   In case the Project is not register as a valid CDM Project activity with the CDM EB within 
    eighteen (18) months upon execution of the ERPA, either party shall have the right to 
    terminate its rights and obligations under the ERPA. 
    [Chinese translation] 
 
5.1.2.  In any given Contract Period, if the verification of the Project’s CERs is delayed by 90 days 
    or more due to the Project Proponent ’s or Purchaser’s fault and/or misconduct, each of the 
    non-defaulting parties shall have the right to terminate its rights and obligations under the 
    ERPA. 
    [Chinese translation] 
 
5.1.3.   In case the project is not commissioned within eighteen (18) months following the date of the 
    ERPA, each Purchaser shall have the right to terminate its rights and obligations under the 
    ERPA. 
    [Chinese translation] 
 
5.1.4.   Upon occurrence of an event of default or any other termination event in respect of the Project 
    Proponent or of Purchaser as provided in the ERPA, each of the non-defaulting parties shall 
    have the right to terminate its rights and obligations under the ERPA. 
    [Chinese translation] 
 
 
5.2. . Force Majeure/[Chinese translation] 
 
    Should either party be impeded wholly or in part from fulfilling any of its obligations under 
    the Agreement for reasons of Force Majeure, such obligation shall be suspended to the extent 
    and for as long as such obligation is affected by Force Majeure and the impeded party shall be 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                                Page 9 of 16

    entitled to such extension of time as may be reasonably necessary. 
    [Chinese translation] 
 
    Either party shall notify the other party of the existence and date of beginning of an event of 
    Force Majeure that is likely to impede its performance under the Agreement within 5 
    Business Days after having obtained knowledge of any such event. Either party shall likewise 
    advise the other of the date when such event ended and shall also specify the re-determined 
    time by which the performance of its obligations hereunder is to be completed. 
    [Chinese translation] 
 
    Project Proponent and Purchaser shall consult with each other with a view of determining any 
    further appropriate action if a condition of Force Majeure is to continue after 20 Business 
    Days from the date of giving notice thereof. 
    [Chinese translation] 
 
    Neither party shall be liable for damages or have the right to terminate this Agreement for any 
    delay in performing hereunder if such delay is caused by Force Majeure; provided, however, 
    that the non-impeded party shall be entitled to terminate such part of the Agreement that 
    remains unfulfilled, if the condition of Force Majeure is to continue after 6 months from the 
    date of giving notice thereof. 
    [Chinese translation] 
 
6.   Change in Circumstances/[Chinese translation] 
 
    If any change in circumstances (i.e. a change of scientific basics or applicable standards 
    relating to the Baseline methodology and/or the applicable criteria for Verification and 
    Certification of the resulting Emission Reductions, or any changes related to 
    policy/regulations of the Chinese government) occurs which substantially affects the Project, 
    the parties to this Agreement shall enter into negotiations with a view to adapt the Project and 
    its implementation or any relevant provision of this Agreement, as may be necessary or 
    useful. A change in circumstances shall in no event be considered substantially affecting the 
    Project if at least 50% of the Anticipated Emission Reductions can be generated. 
    [Chinese translation] 
 
    The parties to this Agreement shall cooperate and make their best efforts to enable the 
    continuation of the Project in accordance with the new circumstances and to achieve the 
    generation and transfer of the Anticipated Emission Reductions. 
    [Chinese translation] 
 
    If any of the documents related to the Project and submitted at any time during the term of 
    this Agreement fails to be approved by such authority whose approval is required under the 
    Kyoto Rules or otherwise appears to be non-compliant with any relevant standards or 
    conditions of the Kyoto Rules, Project Proponent and Purchaser shall discuss whether or not 
    the relevant documents are to be revised and resubmitted. 
    [Chinese translation] 
 
7.   Conditions Precedent/[Chinese translation] 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                                           Page 10 of 16

    This Agreement shall enter into force upon satisfaction of the following conditions precedent: 
    [Chinese translation]  
 
    Conclusion of a binding agreement with the Host Country. 
    [Chinese translation] 
 
8.   Miscellaneous/[Chinese translation] 
 
8.1.   Assignment and subcontracting /[Chinese translation] 
    Project Proponent shall not, without the written consent of Purchaser, assign or transfer the 
    Agreement or the benefits or obligations thereof or any part thereof to any other person. 
    [Chinese translation] 
 
    Purchaser may transfer any of its rights or obligations under the ERPA to any third party 
    (“assignee”) without consent of Project Proponent. However, rights and obligations between 
    Purchaser and Project Proponent remain the same after the transfer. 
    [Chinese translation] 
 
8.2. Confidentiality and Disclosure/[Chinese translation] 
    The parties shall treat as confidential all information obtained as a result of entering into or 
    performing this Agreement which relates to the provisions of this Agreement, the negotiations 
    relating to this Agreement and the subject matter of this Agreement. 
    [Chinese translation] 
 
    No party shall disclose any such confidential information to any third party, except in those 
    circumstances where disclosure is required in order to comply with any laws or regulations, 
    including without limitations the Kyoto Rules. 
    [Chinese translation] 
 
8.3.   Notices/[Chinese translation] 
 
    Any communications to be made under or in connection with this Agreement shall be made in 
    writing (including by facsimile) to the address or facsimile number, from time to time 
    designated by the party to whom the communication is to be made to the other party for that 
    purpose. The address and facsimile number so designated are set out in Annex [] hereto. 
    [Chinese translation] 
 
    Communication will only be effected, if sent by mail, when delivered to or rejected by the 
    recipient, if sent by facsimile, when a transmission report shows that the facsimile has been 
    sent. 
    [Chinese translation] 
 
8.4.   Entire Agreement/[Chinese translation] 
 
    This Agreement embodies the whole and only agreement of the parties with respect to the 
    subject matter hereof, and no prior or contemporaneous oral or written agreement or 
    understanding shall be deemed to constitute a part of this Agreement, unless expressly 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                                     Page 11 of 16

    referred to herein, or attached hereto, or specifically incorporated by reference herein. The 
    Annexes and schedules to this Agreement constitute integral parts of this Agreement and shall 
    therefore be deemed part of this Agreement. 
    [Chinese translation] 
 
8.5.   Amendments/[Chinese translation] 
 
    This Agreement may only be amended with the written consent of the parties hereto. 
    [Chinese translation] 
 
8.6.   Severability/[Chinese translation] 
 
    If any part or provision of the Agreement is or becomes illegal, void or unenforceable in any 
    respect, the remaining parts or provisions shall not be affected or impaired. Any deficiency in 
    the Agreement resulting there from shall be amended by way of interpretation of the 
    Agreement having due regard to the parties intent. 
    [Chinese translation] 
 
8.7.   Governing law/[Chinese translation] 
 
    This Agreement shall be governed and construed in accordance with English law excluding 
    its rules on conflicts of laws. 
    [Chinese translation] 
 
8.8.   Jurisdiction/[Chinese translation] 
 
    Any dispute, claim or controversy arising out of or relating to this agreement will be settled 
    by arbitration at Hong Kong International Arbitration Center (“HKIAC”) in Hong Kong under 
    the UNCITRAL Arbitration Rules. The number of arbitrators will be three and the arbitrators 
    will be appointed in accordance with the UNCITRAL Rules and the HKIAC Procedures for 
    the Administration of international Arbitration (the “HKIAC Procedures”).The arbitration 
    proceeding will be administered by HKIAC in accordance with the HKIAC Procedures. The 
    legal place of the arbitration will be Hong Kong and the language to be used in the arbitral 
    proceedings will be English. All arbitration costs (including legal costs) will be borne by the 
    unsuccessful party unless otherwise determined by the arbitration tribunal. 
    [Chinese translation] 
 
8.8.   Counterparts/[Chinese translation] 
 
    This Agreement shall be executed in four counterparts with two copies for Project Proponent 
    and two for Purchaser. If there are any discrepancies between the English and the Chinese 
    version, the English version will prevail. 
    [Chinese translation] 

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]


Emission Reduction Purchase Agreement                                                                                                  Page 12 of 16

ANNEX I The salient features of XISC Coke Dry Quenching Project at Xiangtan, Hunan Province, China.
[Chinese translation]

ANNEX II Schedule for Project implementation
[Chinese translation]

Annex III Work flow of CDM Activity
[Chinese translation]

Annex [ ] Address designated
[Chinese translation]

 

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Emission Reduction Purchase Agreement                                                                                   Page 13 of 16

PARTIES TO THE AGREEMENT/[Chinese translation]

WHEREOF the parties have agreed to the terms and conditions of this agreement as outlined
above, this 20th day of July, 2008, in the presence of: [Chinese translation]

 

Purchaser:/ [Chinese translation]:   
 
ECOLOCAP SOLUTIONS (CANADA) INC   
(ECOLOCAP)   
 
 
  DR. TRI VU TRUONG 
  President-CEO: Dr. Tri Vu Truong 
 
 
Project Proponent:/ [Chinese translation]:   
 
Hebi Coal Industry (Group) CO., Ltd.   
(“HCIC”)   
/ [Chinese translation]   
  HAO, LINJIE 
  HAO,Linjie 
 
 
 
 

Witness No 1
[Chinese translation]

Witness No 2
[Chinese translation]

[Signature illegible]

 

  [Signature illegible]

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Emission Reduction Purchase Agreement                                                                                                       Page 14 of 16

ANNEX I The salient features of HCIC Project-Using Waste Heat from Gangue Brickkiln to
generate power (WHR) at Hebi, Henan Province, China.
[Chinese translation]
 
No  Parameters  Units Value
[Chinese translation]  m3/h  4X56000
[Chinese translation]  C 750-850
  [Chinese translation]  t/h 4 x14 
[Chinese translation]  MPa   
[Chinese translation]    [Chinese translation]  4
[Chinese translation]    [Chinese translation] 4
[Chinese translation]  kW 4x2000 
[Chinese translation]  h   
[Chinese translation]  106 kwh/year   
[Chinese translation]  106 kwh/year   
10  [Chinese translation]  ton Standard 
Coal/year
19600
11  CO2/[Chinese translation]  ton/year 51352
12  [Chinese translation]  month  
13  [Chinese translation]  [Chinese translation]  39200
14  [Chinese translation]  [Chinese translation]   
15  [Chinese translation]  [Chinese translation]    
16  [Chinese translation]  [Chinese translation]    
17  [Chinese translation]       
18  [Chinese translation]       
19  [Chinese translation]  year   
20  [Chinese translation]  year   

ANNEX II Schedule for Project implementation
[Chinese translation]

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Emission Reduction Purchase Agreement                                                                                  Page 15 of 16

Annex III      Work flow of CDM Activity
                          [Chinese translation]


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Emission Reduction Purchase Agreement                                                                                                                                 Page 16 of 16

Annex [ ] Address designated
[Chinese translation]

Purchaser:/ [Chinese translation]

ECOLOCAP SOLUTIONS (CANADA) INC (ECOLOCAP)

740 St Maurice suite 102
Montreal, Qc H3C1L5
Canada
Tel: 5148763907
Fax: 5148764080
Email: ***@***

Project Proponent:/ [Chinese translation]:

Hebi Coal Industry (Group) CO., Ltd. (“HCIC”) / [Chinese translation]

Address: No. 22, HeMei Street, Hebi City, Henan Province, China. Zip:458000
[Chinese translation] 
[Chinese translation] 0392 ###-###-####, 13903922611

HCIC Power Generation Pro. Using Waste Heat from Gangue Brickkiln (WHR) [Chinese translation]