Transfer Agreement of CDQ & Waste Heat Power Generation Project of Tangshan RongfengTransfer Agreement • November 20th, 2015 • China Recycling Energy Corp • Services-business services, nec
Whereas, Party A entered into a CDQ Power Generation Energy Management Cooperative Agreement with Party B on December 12, 2013 (“Rongfeng Agreement”); Pursuant to the Rongfeng Agreement, Party A entered into an EPC Contract for the CDQ Waste Heat Power Generation Project (the “Project”) with Party C on December 25, 2013 (“Huaxin Agreement”). Pursuant to the Huaxin Agreement, Party C undertakes the construction of the Project. As of October 31, 2015, Party A has paid Party C RMB 165,200,000 construction fee according to the Huaxin Agreement. The ownership of assets of the Project under construction belongs to Party A.
