Room 1702-1703 17th floor Robinson's

Equitable Tower, ADB Street, Ortigas Center,

Pasig, Philippines

LETTER OF INTENT

Date: February 06, 2023

To: The Management Team
Attention:
Subject: INTENT TO DEVELOP SOLAR POWER PLANT

Dear Sir/ Madam,

Greetings!

We are MAONENG PHILIPPINES INTERNATIONAL CORPORATION a subsidiary of Maoneng Group with its
main office in Australia. We started as an EPC Contractor for utility scale, commercial and industrial Solar PV
Ground-mount and Rooftop projects throughout the Asia Pacific and in the Philippines. We own, develop, invest
and manage Utility Scale Solar PV plants. We have recently team up with ISQUARED CAPITAL, a world
renowned infrastructure investor for our Power Purchase Agreement (PPA) to further expand our services.

With the company’s Solar PV experience and expertise, we would like to express our INTEREST TO DEVELOP
A SOLAR POWER PLANT to your company through a Power Purchase Agreement (PPA), the benefits are:

· Zero Capital Expense

· Free Operation and Maintenance up to 25 years
· Lowest Rate in the market, lower than your RES supplier
· Fixed Rate or Variable Rate options
· Flexible Term Contract
· Advanced Solar Energy Technology and All Tier 1 Components

In line with this, we would like to request a meeting at your convenience to discuss about this intent.

We look forward to meeting with you very soon! Thank you and keep safe.

Best regards,

Arnold M. Romerosa
Contact number: 0917-624-4973

Our Top Clients