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letter of intentrepresentative: xxxxxxparty b: gree electric appliances, inc. of zhuhai, with address as 6th, jinji rd, zhuhai city, guangdong province, china, tel: +86-756-8669500, fax: +86-756-8669623,contacts:1. general principleswith good wills and after business negotiation, both party a and party b as mentioned above, agree to start the cooperation on the air conditioning project , according to following terms and conditions.party b is mainly responsible for the design, select the equipment, supply the ac equipment and auxiliary material, technical service and support according the later formal contract for the mentioned project.2. obligations of both parties2.1. obligation of party a:2.1.1. prepare the responsible management structure for this project; update the project situation with party b;2.1.2. prepare invitation letter for party b,2.1.3. arrange the project pre-investigation local activities, and do the necessary assistance for persons from party b during their visiting to the project;2.1.4. arrange working permit or license of party b is necessary;2.1.5. arrange proper deposit (10% of quotation) to confirm the cooperation intention; this deposit is refundable if both parties failed to sign the formal contract.2.1.6. help to confirm the availability required on site working tools and appliances which are showed in on the listed issued by party b;2.2. obligation of party b:2.2.2 consider fully party as request and special condition of the project, provide professional suggestion and proposals for party a to choose the most propitiate one. party2.2.3 prepare and update project quotation, the quotation can be divided into several parts like ac equipment part, auxiliary material part and installation service; and make modification and optimism on the proposal according to the discussion with party a;2.2.4 setup the responsible management structure for this project;2.2.5 manage the deposit from party a properly, and refund it if both party failed to sign the formal contract;2.2.6 prepare an on-site working list of required tools and appliances;2.2.7 after pre-investigation trip, a fully detailed accurate contract has to be draft to party a.3. expenditure3.2 the other cost of building the project will be defined by formal cooperation contract afterwards;4. confidential terms4.1. during the effects of this letter of intent, both parties should take the responsibility of confidentiality, it is not allow any party releases information concerning the project quotation, technical documents to third part, or use it in another project which is not in this cooperation.5. event of defaultgive any party of the two causes loses to the other because of his failure of performing the responsibility and obligation stipulated herein, the other party has the right to claim, then both part should have a friendly negotiation firstly, and solve it by friendlythis letter of intent is the very beginning stage of cooperation for this project, other necessary relating issues that excluded should be negotiated and settled friendly by both parties. the amendment and modification made to the terms and conditions should be forwarded from one party to another one week advanced via email, and being considered as an inseparable part of this letter of intent and with the same validity after signed by both parties.7. effect and validity period of the letter of intent7.2 if both parties failed to setup the formal cooperation, this letter of intent will be invalid automatically.7.3 this letter of intent is made in duplicate, each party holding one with the same legal effects.party a party bauthorized signature authorized signature date: date:annex 1: project operation flow chartannex 2: estimated project time tableletter of intent letter of intentpossible seller(hereinafter party a):possible buyer(hereinafter party b):business:this is a non-binding letter of intent that contains provisions that are being discussed for from party a to party b. this is not a contract. this is not a legally binding agreement. this is merely an outline of possible contract terms for discussion purposes only. this is being signed in order to enable partya to for and . this letter of intent is confidential and shall not be disclosed to anyone other than the parties and attorneys and accountants and the possible land owner of party a. the terms of the transaction being discussed are attached hereto, but the terms are not binding unless and until they are set forth in a written contract signed by party a and party b. the word shall is used in the attached terms only as an example of how a contract might read, and it does not mean that the attached terms are or ever will be legally binding._ , (hereinafter party a) and (hereinafter party b) reached the following agreement for after friendly negotiations according to contract law of the peoples republic of china and other national laws:it has been agreed that party a and party b cooperate in . party b intends to lease a building party a in , party b intends to move the businessactivities C as described in the business license of party b (development and industrial production) C to this location and facility._project total investment will be approximate (rmb), party a must finance all the investment for this project without any financing support from party b. rights and obligations of both partiesparty a should start according to the agreement. _if party a can not make sure that finish according to the agreement , party b has the right to terminate the agreement._ party b has the right to terminate the agreement with notice in advance.party a must take all the cost caused by the according to the agreement.both parties reached, the project information is confidential and shall not be disclosed to anyone other than related government and departments, including corporation mode and financing data. both parties reached, the letter of intent is not able to be performed because of force majeure, both parties will not take responsibility. but one of the parties which effected by force majeure should provide official documents to another party timely._leasing fee: both parties reached the leasing fee will be by building area.the duration of lease will be .both parties will try to get approval by the respective boards of directors, detail issues will be discussed afterwards./ on behalf of party a/ stamp/ dateauthor: diehl/ad/ge qijun /on behalf of party b /stamp / date sample letter of intentsample letter of intent* streetcity, zipdecember *, 20*address:dear *:23representatives and advisors shall not disclose, shall keep confidential and shall not use in any manner any information or documents obtained from the other party concerning the business and properties of the such other party unless (i) use of such information or documents is required by applicable law, regulation or court or administrative order, (ii) use of such information or documents is reasonably required10. any amendment, supplement, modification or waiver of or to any provision of this letter agreement shall be effective only if it is made and given in a writing signed by isto and you and only in the specific instance and for the specific purpose for which made or given.letter agreement shall be governed by, and construed in accordance with, the laws of the state of new york without regard to the

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