letterofintent

representative:xxxxxx

partyb:greeelectricappliances,inc.ofzhuhai,withaddressas6th,jinjird,zhuhaicity,guangdongprovince,china,tel:+86-,fax:+86-,

contacts:

generalprinciples

withgoodwillsandafterbusinessnegotiation,bothpartyaandpartybasmentionedabove,agreetostartthecooperationontheairconditioningproject,accordingtofollowingtermsandconditions.

partybismainlyresponsibleforthedesign,selecttheequipment,supplytheacequipmentandauxiliarymaterial,technicalserviceandsupportaccordingthelaterformalcontractforthementionedproject.

obligationsofbothparties

obligationofpartya:

preparetheresponsiblemanagementstructureforthisproject;updatetheprojectsituationwithpartyb;

prepareinvitationletterforpartyb,

arrangetheprojectpre-investigationlocalactivities,anddothenecessaryassistanceforpersonsfrompartybduringtheirvisitingtotheproject;

arrangeworkingpermitorlicenseofpartybisnecessary;

arrangeproperdeposit(10%ofquotation)toconfirmthecooperationintention;thisdepositisrefundableifbothpartiesfailedtosigntheformalcontract.

helptoconfirmtheavailabilityrequiredonsiteworkingtoolsandapplianceswhichareshowedinonthelistedissuedbypartyb;

obligationofpartyb:

2.2.2considerfullypartya?ˉsrequestandspecialconditionoftheproject,provideprofessionalsuggestionandproposalsforpartyatochoosethemostpropitiateone.party

2.2.3prepareandupdateprojectquotation,thequotationcanbedividedintoseveralpartslikeacequipmentpart,auxiliarymaterialpartandinstallationservice;andmakemodificationandoptimismontheproposalaccordingtothediscussionwithpartya;

2.2.4setuptheresponsiblemanagementstructureforthisproject;

2.2.5managethedepositfrompartyaproperly,andrefunditifbothpartyfailedtosigntheformalcontract;

2.2.6prepareanon-siteworkinglistofrequiredtoolsandappliances;

2.2.7afterpre-investigationtrip,afullydetailedaccuratecontracthastobedrafttopartya.

expenditure

3.2theothercostofbuildingtheprojectwillbedefinedbyformalcooperationcontractafterwards;

confidentialterms

duringtheeffectsofthisletterofintent,bothpartiesshouldtaketheresponsibilityofconfidentiality,itisnotallowanypartyreleasesinformationconcerningtheprojectquotation,technicaldocumentstothirdpart,oruseitinanotherprojectwhichisnotinthiscooperation.

eventofdefault

giveanypartyofthetwocauseslosestotheotherbecauseofhisfailureofperformingtheresponsibilityandobligationstipulatedherein,theotherpartyhastherighttoclaim,thenbothpartshouldhaveafriendlynegotiationfirstly,andsolveitbyfriendly

thisletterofintentistheverybeginningstageofcooperationforthisproject,othernecessaryrelatingissuesthatexcludedshouldbenegotiatedandsettledfriendlybybothparties.theamendmentandmodificationmadetothetermsandconditionsshouldbeforwardedfromonepartytoanotheroneweekadvancedviaemail,andbeingconsideredasaninseparablepartofthisletterofintentandwiththesamevalidityaftersignedbybothparties.

7.effectandvalidityperiodoftheletterofintent

7.2ifbothpartiesfailedtosetuptheformalcooperation,thisletterofintentwillbeinvalidautomatically.

7.3thisletterofintentismadeinduplicate,eachpartyholdingonewiththesamelegaleffects.

partyapartyb

￡¨authorizedsignature￡?￡¨authorizedsignature￡?date:date:

annex1:projectoperationflowchart

annex2:estimatedprojecttimetable?a?t￡oo?×÷òa?òêéletterofintent?aèy￡oletterofintentòa?òêé·?±?

????o?×÷òa?òêé

?±?ú??·?￡¨ò????ò3??×·?￡?￡o

possibleseller(hereinafterpartya):

?±?ú?ò·?￡¨ò????ò3?òò·?￡?￡o

possiblebuyer(hereinafterpartyb):

??ò×ê???￡o

business:

±?òa?òêé2???óD??ê?á|￡??ù°üo???ì???óD′yé?ê??×·?ó?òò·??í??DD′èéì?￡±?òa?òêé2?ó|±?êó?aè?o?o?í??￠?ò??óD·¨?é??ê?á|μ?D-òé￡???ó|êó×÷???a′èéì????μ?????á￠μ?óD1?±?òa?òêé?????é?ü′?3é??o?í?μ?ì?????ê??￡??êe±?òa?òêé????μ?ê??aá??ü1?±?óú?×·??í?????￡??·?ó|??±?òa?òêé???úèY±￡?ü￡??ò3yá?±?òa?òêé??????·??°???éê|?￠?á??ê|oí?×·????±?úíáμ??ùóD·???ía￡?2?μ??òè?o?????μúèy·?í????￡±?′?′èéì????ò×ì?????????oó￡?μ?ê?3y·??ò?±μ??×òò??·???êeêé??D-òé￡??aD?ì?????2???óD??ê?á|?￡????ì????D?°ó|???±ò?′ê???ao?í????á??1?ày￡?2￠2?òa????????ì?????óD?ò??òa??óD·¨?é??ê?á|?￡

thisisanon-bindingletterofintentthatcontainsprovisionsthatarebeingdiscussedforfrompartyatopartyb.thisisnotacontract.thisisnotalegallybindingagreement.thisismerelyanoutlineofpossiblecontracttermsfordiscussionpurposesonly.thisisbeingsignedinordertoenableparty

atoforand.thisletterofintentisconfidentialandshallnotbedisclosedtoanyoneotherthanthepartiesandattorneysandaccountantsandthepossiblelandownerofpartya.thetermsofthetransactionbeingdiscussedareattachedhereto,butthetermsarenotbindingunlessanduntiltheyaresetforthinawrittencontractsignedbypartyaandpartyb.thewordshallisusedintheattachedtermsonlyasanexampleofhowacontractmightread,anditdoesnotmeanthattheattachedtermsareoreverwillbelegallybinding.

￡?￡¨ò????ò3??×·?￡?￡?￡¨ò????ò3?òò·?￡?￡??ù?Y???D?aè???12oí1úo?í?·¨?·oí????·¨1?μ?1??¨￡?±?×???μè?￥à?μ??-?ò￡??í___________????ê?ò???DDá?ó?o?D-éì￡?′?3éòa?òè???￡o,(hereinafterpartya)and(hereinafterpartyb)reachedthefollowingagreementforafterfriendlynegotiationsaccordingto?°contractlawofthepeople?ˉsrepublicofchina?±andothernationallaws:

ò??￠?×?￠òòá?·????í?????a?1o?×÷￡??×·???è?μ?×ù??óú×aáT??òò·??￡òò·????-óa(chǎn)·??§?úDí?éμ?éú2ú?°?-óa(chǎn)???ˉ°á?¨?áé?ê?μ??·?￡

ithasbeenagreedthatpartyaandpartybcooperatein.partybintendstoleaseabuildingpartyain,partybintendstomovethebusiness

activities¨Casdescribedinthebusinesslicenseofpartyb(developmentandindustrialproduction)¨Ctothislocationandfacility.

?t?￠????×üí?×ê??___________íò￡¨è???±ò￡??￡è?2??¨éè×ê?eóé?×·?×?3??￡

projecttotalinvestmentwillbeapproximate(rmb),partyamustfinancealltheinvestmentforthisprojectwithoutanyfinancingsupportfrompartyb.

èy?￠?????úèY°üo?è???￡o???￠??·?è¨à?oíò???

rightsandobligationsofbothparties

?×·??ù?Y±?òa?òêé?ùè·?¨μ??????úèYó|???ì???ˉ±??????ùDèμ??￡

partyashouldstartaccordingtotheagreement.è?òò?×·??ú±?òa?òêé??????è??e___________?ú?T·¨è·?¨íê3é?ù±?Dèμ?______________________￡?òò·??é???1±?òa?òêé?￡

ifpartyacannotmakesurethatfinishaccordingtotheagreement,partybhastherighttoterminatetheagreement.

òò·?óDè¨?úìá?°___________í¨?aáíò?·?μ??é???????1±?òa?òêé￡???2?Dè3Dμ￡è?o?·¨?é?eè??￡partybhastherighttoterminatetheagreementwithnoticeinadvance.

?×·??ù?Y±?òa?òêé?ùè·?¨μ??????úèY?ú°ìàí1y3ì?D?ù2úéúμ?ò??D·?ó?óé?×·?×?DD3Dμ￡?￡

partyamusttakeallthecostcausedbytheaccordingtotheagreement.

??·????¨￡?±?′?o?×÷μ??à1?ê?ò?￡?3y?t???à1?2????°°ìàí?à1?ê?D?μ?μ￥??ía￡?ó|?ò????è?o??T1?μ￥???ò??è?±￡?ü￡?è???·?μ?o?×÷D?ê?oí2???êy?Yμè?￡

bothpartiesreached,theprojectinformationisconfidentialandshallnotbedisclosedtoanyoneotherthanrelatedgovernmentanddepartments,includingcorporationmodeandfinancingdata.

??·????¨￡?òò2??é?1?üμ?òò??￡¨è?1ú?ò?t2?±??ˉ?￠???ù?￠μ??e?￠쨷?μè￡?￡??ì3é±?òa?òêéD??ó3ù?ò???1?′DDê±￡???·??ù2?3Dμ￡?￥???eè?￡?μ??aó?2??é?1á|òò??ó°?ìμ?ò?·?￡?ó|ò?êé??D?ê??òáíò?·??μ?÷ê?ì??é??￡?2￠?°ê±ìá????óD·¨?é?ù?Yμ??¤?÷???t?￡

bothpartiesreached,theletterofintentisnotabletobeperformedbecauseofforcemajeure,bothpartieswillnottakeresponsibility.butoneofthepartieswhicheffectedbyforcemajeureshouldprovideofficialdocumentstoanotherpartytimely.

???￠×aáT????￡o°′????·?D-éì￡?×aáT?????Y°′???¨?t???y___________?￡

leasingfee:bothpartiesreachedtheleasingfeewillbebybuildingarea.

áù?￠×aáT?ú?T￡o?Y?¨?￡

thedurationofleasewillbe.

???￠??·????ú?÷·?1????ú×?oó￡??ùDD??ì?D-éìóD1??ê??ê?ò??￡

bothpartieswilltrytogetapprovalbytherespectiveboardsofdirectors,detailissueswillbediscussedafterwards.

°??￠±?òa?òêé?-??·???×?????oóéúD§￡??×òò??·??÷?′ò?·Y±?2é?￡

?×·?′ú±í/onbehalfofpartya￡o

????/stamp￡o

è??ú/date￡o

author:diehl/ad/geqijunòò·?′ú±í/onbehalfofpartyb￡o????/stamp￡oè??ú/date￡o?a??￡oó￠??o?×÷òa?òêésampleletterofintent

sampleletterofintent

***street

city,zip

december**,20**

address

:

dear***:

2

3

representativesandadvisorsshallnotdisclose,shallkeepconfidentialandshallnotuseinanymanneranyinformationordocumentsobtainedfromtheotherpartyconcerningthebusinessandpropertiesofthesuchotherpartyunless(i)useofsuchinformationordocumentsisrequiredbyapplicablelaw,regulationorcourtoradministrativeorder,(ii)useofsuchinformationordocumentsisreasonablyrequired

10.anyamendment,supplement,modificationorwaiverofortoanyprovisionofthisletteragreementshallbeeffectiveonlyifitismadeandgiveninawritingsignedbyistoandyouandonlyinthespecificinstanceandforthespecificpurposeforwhichmadeorgiven.

letteragreementshallbegovernedby,andconstruedinaccordancewith,thelawsofthestateofnewyorkwithoutregardtotheconflictsoflawprinciplesthereof.

12.thisletteragreementmaybeexecutedinanynumberofcounterparts,eachofwhichwhensoexecutedshallbedeemedtobeanoriginalandallofwhichtakentogethershallconstituteoneandthesameagreement.ifthetermsofthisletteragreementareacceptabletoyou,pleasesoindicatebysigningtheenclosedcopyofthisletteragreementattheappropriateplacebelowandreturningittotheundersignedonorpriortotheterminationdate.

4

sincerelyyours,

agreedandacceptedonthis

31stdayofdecember,2023:micheletaverna

formofbudgettobeattached.

2-name:robertmacleantitle:chiefexecutiveofficer?a??￡o?3?31¤3ì×ü3D°üo?í?òa?òêé

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