Letter of Intent Between Auxin Solar LLC and GIA Investments Corp. for Lao PDR Solar Project

Summary

Auxin Solar LLC and GIA Investments Corp. have signed a Letter of Intent to collaborate on a 20MW solar power plant project in Lao PDR. Auxin will secure 75% of the project funding through debt financing from the US EXIM Bank, while GIA will provide the remaining 25% as equity once the debt financing is confirmed. The Government of Lao will purchase the generated power at a fixed rate for 20 years, with a small annual price increase. This agreement outlines the parties' intentions and funding commitments for the project.

EX-1.1 2 giaexh1_1.htm GIA INVESTMENTS 8K, LETTER OF INTENT giaexh1_1.htm

Exhibit 1.1

Auxin Solar

5891 Rue Ferrari

San Jose, CA 95138, USA

+1 ###-###-#### (Phone)

+1 ###-###-#### (Fax)

Letter Of Intent (LOI)

Date: Feb. 26th , 2013

In regards to discussion between the Parties of Auxin Solar LLC (“Auxin”) and GIA Investments Corp. (“GIA”), (the Parties) concerning solar project development and solar installation in residential, commercial, and ground mount solar systems.

This is a Letter Of Intent between Auxin and GIA.

Auxin has secured a 20MW solar power plant project in Lao PDR (“Lao”). Auxin is working on securing 75% of project funding cost from US EXIM Bank (“EXIM”) for the debt financing. GIA will provide 25% of project funding cost for the equity financing. GIA will make its 25% investment once the 75% debt finance is in place from EXIM. The Government of Lao will purchase the power from the 20MW power plant at a rate of US$0.25/kWh for 20 years with an escalation of 2% annually.

For Auxin:	For GIA:
Auxin Solar LLC 5891 Rue Ferrari San Jose, CA 95138 USA ______________________________ By: Ms. Sherry Tai Its: CEO Dated: Feb. 26th , 2013	GIA Investments Corp. Rm. B1, 14F., No.85, Sec. 4, Ren’Ai Rd., Xinyi Dist., Taipei City 110, Taiwan (R.O.C.) ______________________________ By: Mr. Heer Hsiao Its: Director Dated: Feb. 26th , 2013

www.auxinsolar.com