Amendment to Project Transfer Agreement between Sanhe City Lucksky Electrical Engineering Co., Ltd and Binzhou Xintuo Natural Energy Power Engineering Co., Ltd
Sanhe City Lucksky Electrical Engineering Co., Ltd and Binzhou Xintuo Natural Energy Power Engineering Co., Ltd have amended their previous agreement regarding the transfer of the Lucksky Natural Energy Power Generation System. The amendment changes the agreed installation capacity from 12 MW to 6 MW and the total price from RMB 216,000,000 to RMB 84,000,000. This amendment is legally binding and forms part of the original agreement.
Exhibit 10.16
Amendment to Project Transfer Agreement
Party A: Sanhe City Lucksky Electrical Engineering Co., Ltd
Party B: Xianning Auspicious Day Air energy Power Company Limited
Party A and Party B reached an agreement on April 25, 2014 about transfer the Lucksky Natural Energy Power Generation System and signed the Agreement at the same day. The Item III-2 said “Party B decides to buy the electricity generation project from Party A; where the concerted installation capacity is 12 MW and the sum approximates RMB 216,000,000 Yuan (specific price is subject to the stipulation in the technical scheme both parties agree on). ”
Now According to this item and the technical scheme both partied agreed, change the agreed capacity to 6 MW and the sum to RMB 84,000,000 Yuan.
This statement as an annex of the "Agreement" has the same legal effect with the "Agreement".
Party A: Sanhe City Lucksky Electrical Engineering Co., Ltd
Party B: Binzhou Xintuo Natural Energy power Engineering Co., Ltd
Date: November 12, 2014
