LETTER OF INTENT

To : MR. GARY SANTOS Mulit Textile Cosporation Anabu, Imus, Cavite

From : ENGR. ABET CASALS Green Global Resources Advance Tech, Inc. Liza Compound, Sto. Tomas, Batangas

Subject : Solar PPA/BOT Agreement

Dear Mr. Santos ,

We, Green Global Resources Advance Tech, Inc, with official address located at 167 Liza Compound, Brgy. 4, Sto. Tomas, Batangas, hereby make this formal offer with full corporate authority and responsibility, that we are ready, willing and able to build a solar system in your campus.

It is with great pride that our 100 % Filipino owned company shall be able to provide to the Philippines the cleanest and greenest alternative source of Energy.

The objective of this Letter of Intent (LOI) is to identify and obtain your concurrence that the Customer desires to acquire, and GGR desires to supply, a Photo Voltaic solar project including the scope, system size and cost.

➢ No. of KW Solar System __________ (Solar Capacity) ➢ Installed Operational value of Php 000.00 Pesos __________ (System Amount) ➢ Annual savings based on FIT is Php 000.00 Pesos __________ (Annual Savings) ➢ Lifetime profit after ROI is Php 000.00 Pesos __________ (Savings After ROI)

Execution of this LOI will initiate GGR undertaking project development activities, including, but not limited to, feasibility studies, preliminary engineering documents, arrangements for financing and project management. As such, the Parties agree to:

a. Coordinate and cooperate in the conduction of preliminary and final design studies for a Hybrid Solar/Generator System for the generation of electricity to be constructed to meet the Customer’s requirements;

b. Provide the necessary audited (including years, 2011 & 2012) financial statements and other documents necessary to obtain financing for the project;

c. Upon execution of a definitive agreement, and pursuant to the relevant laws, rules and regulations, assist in the arrangement of the equity investment and required debt financing for the identified solar project’s successful implementation.

d. Upon execution of this agreement, both parties will assign project managers from both sides to perform end to end project management.

The scope of the duties and obligations within this project shall be subject to a more detailed definitive agreement. Agreement between GGR and Customer, as well as approval from the Financing organization, as applicable (These terms may be found on Lender Term Sheet, Commitment Letter or other formal bank acknowledgement giving written notice of Intent to Finance)..

Each of the Parties shall defend, indemnify and hold the other Party (and its Affiliates) harmless from any claim, demand, cause of action, loss, cost, expense, and other liabilities asserted against or incurred by the other Party (and/or its Affiliates) which results from or arises out of such Party’s negligence or willful misconduct in connection with this LOI. These indemnities shall survive the withdrawal or termination of a Party from its future obligations pursuant to this LOI and/or the termination of this LOI with respect to acts and omissions that occur prior to the effective date of withdrawal or termination, as the case may be.
In no event shall either Party indemnify the other Party for consequential, indirect or special damages under this LOI.

The Parties agree to work together and to pursue this LOI in utmost confidence, and without circumventing each other. However, suitable press releases may be issued with the approval of the other party, which shall not be unreasonably withheld.

The Parties hereby agree that any valuable information, including financial information, disclosed and/or received by either Party relative to this undertaking shall be kept confidential from third parties, excluding those third parties required to successfully execute this agreement (ie Lenders, Subcontractors, Consultants), except with prior consent of both parties. No amendment or supplement to this LOI, and no approval or consent constituting an amendment, shall be effective for any purpose unless made in writing and signed by a duly authorized officer from both Parties.

This LOI embodies the entire agreement between the Parties hereto related to the subject matter hereof. Any prior understanding, agreement, negotiation and representation among the Parties related to the subject matter hereof, whether oral or written, are hereby superseded.
Unless earlier terminated by any of the Parties, with or without cause, upon a thirty day written notice, this LOI shall become effective and binding for a period of sixty days (60) from the time it is signed by the Parties' duly authorized representatives, unless superseded by the execution of a definitive agreement. This LOI may be extended by written agreement of the Parties.

IN WITNESS WHEREOF, the Parties have acknowledged and accepted the referenced Green Global Resources Advance Tech, Inc. Proposal, and caused this Letter of Intent to be executed in the day, year and place first written above.

By:

Engr. Abet Z. Casals
General Manager / President

Green Global Resources Advance Tech, Inc.
167 Liza Compound, Brgy. 4,
Sto. Tomas, Batangas

By:

Mr. Gary Santos
President

Multi Textile Corporation
Anabu, Imus, Cavite

Solar Savings Forecast

Electricity Usage Estimated Monthly Electricity generated by SOLAR __________ Estimated Monthly Cost of Kwh production __________ Turn Key Installation __________ Average Price Per KwH __________ Required Solar System in Watts __________ Panel Size Include 3 years monitoring __________ BIR Tax Rate __________ MONTHLY SAVINGS AFTER SOLAR INSTALLATION __________ ANNUAL SAVINGS __________

Solar System Cost Breakdown Gross System cost Before Subsidies (PhP) __________ Net System Cost __________ Return on Investment in Years __________ Solar Lifetime Savings in 20 years __________

Property Appreciation Gross Added Value __________ NET ADDED PROPERTY VALUE __________

Solar Energy Cost Year 1 Year 2 – 25

Loan Amount __________ __________ Loan Interest Rate __________ __________ Amortization Period in Years __________ __________ Monthly Payment __________ __________ Additional Payment __________ __________ NET MONTHLY COST __________ __________

Estimated Necessary Open Land or Roof Area
In Square Meters __________

Number of Solar Panels __________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES) ) S. S.

BEFORE ME , a Notary Public for and in the above jurisdiction, this _____ day of ________ 2013, personally appeared:

Name Community Tax Certificate No. Date/Place of Issue

known to me and to me known to be the same persons who executed the foregoing instrument, and they acknowledged to me that the same is their own free and voluntary act and deed as well as the free and voluntary act and deed of the corporations represented herein, and that they are duly authorized to sign the same.

This instrument consisting of six (6) pages, including this page whereon the acknowledgement clause is written signed by the parties and their instrumental witnesses on each and every page hereof, sealed with my notarial seal, refers to a Memorandum of Agreement.

WITNESS MY HAND AND NOTARIAL SEAL on the date and place hereinabove mentioned.

Doc. No. ______________:
Page No. ______________:
Book No. ______________:
Series of 2013:

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167 Emerald St. Liza Compound, Brgy. 4, Sto. Tomas, Batangas Tel. No. (043) 784-3561 / 0917-8740807 Email Add: greenglobal.wwtc@gmail.com

GREEN GLOBAL RESOURCES ADVANCE TECH, INC.

Water and wastewater treatment, sewage treatment, chemical supplies and other commodities, water softener, reverse osmosis, filtrations, water recycling, enzymes, disinfections, tank fabrication, electrical, mechanical, civil works, biogas, LED lamps, solar panels, MBR, and others