Confirmation of Effectiveness of EPC Agreement Between Zentric (HK) Limited and Matinee Energy Inc.

Contract Categories: Business Operations › Development Agreements
Summary

Zentric (HK) Limited and Matinee Energy Inc. confirm that their Engineering, Procurement, and Construction (EPC) Agreement, originally dated January 7, 2012, is now effective as of March 20, 2012. The agreement had been suspended pending confirmation of solar module supply from China, which has now been secured for the first 20 MW of modules. Both parties have agreed to issue a joint press release, and Zentric Inc. will file the required SEC disclosure. The project will proceed according to the agreed schedule.

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EX-10.1 2 zntr_ex101.htm EPC CONTRACT zntr_ex101.htm
EXHIBIT 10.1
 
 
 
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  ZENTRIC (HK) LIMITED
 
Suite 17, B1.1, 63-85 Turner Street
Port Melbourne, Victoria 3207
Voice: +613 9646 6641
Facsimile: +613 9012 4404
Email: ***@***
   
  Date: March 20, 2012
 
REF:           ZNTR-HK-MEI-EPC-120320
 
To:
Mr. S. Chin KIM, CEO MATINEE ENERGY INC.
335 Wilmot Drive, Ste 200
Tucson, Arizona, 85711
USA
 
Dear Mr. Kim,
 
RE:           CONFIRMATION TO ISSUE PRESS RELEASE AS PER OUR EPC AGREEMENT DATED JANUARY 7, 2012
 
The EPC agreement dated January 7, 2012 was suspended until further confirmation on the Chinese solar module supplier’s confirmation of stock for delivery from China for our project in US.
 
We have now received confirmation from the solar module supplier’s schedule, thus meeting our commitment for solar module supply for the first 20 MW solar modules as specify on this EPC agreement, thus this EPC Agreement becomes effective as of March 20, 2012 after meeting the conditions as stated on the EPC Agreement dated January 7, 2012.
 
We have received your permission on March 16, 2012 based on item 11 under the heading, Publicity of the EPC Agreement dated January 2012 to issue a jointly approved press release ZenHK-PR-307[v2][1] V3- EDITED (attached in this letter as an attachment) on March 20, 2012 at 0900 hours New York, USA.
 
As this is a significant event in our company, our holding company, Zentric Inc. (OTCBB: ZNTR) will comply under the SEC requirement in issuing an 8K filing today on the EPC Agreement.
 
We are looking forward to the success completion of this project within the time frame scheduled on this agreement.
 
 
Yours sincerely,  
 
William Tien  
President  
ZENTRIC (HK) LIMITED
  
 
 
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