South Negros Biopower, Inc.

South Negros BioPower, Inc. (“SNBP”) was duly incorporated under Philippine
law on August 15, 2012, for the purpose of carrying on the business of exploring,
developing, and utilizing renewable energy sources including operating,
managing, maintaining and rehabilitating energy systems and services for
steam and electricity, including bulk procurement, marketing and setting up
of arrangements and brokerage of the same energy systems as necessary for
the generation, transmission, distribution and sale and delivery of electricity
to domestic, commercial, industrial users or distribution companies, and
the acquisition and/or lease of franchises from private and/or government
entities and such other rights and activities incidental thereto.