Supplementary Memorandum of Understanding
October 15, 2004
| Party A: | Hebei Weichang Man and Mongolia Minorities Autonomous County Government Yudaokou County Government |
Party B: | MFC Bancorp Ltd. and its assigned affiliates |
Based on the MOU dated on September 16th of 2004, Party A and Party B agree the following in this Supplementary MOU after negotiation:
| 1. | Based on the scope of longitude and latitude in the MOU dated on September 16th of 2004 confirmed by both parties, Party B wants to enlarge the proposed wind project area in Yudaokou County under the jurisdiction of Party A to approximately 15 square kilometers (which is about 116°50' to 116°58' of east longitude and 42°07' to 42°09' of west latitude). The exact figures will be confirmed by both parties within 60 days. |
| 2. | The method used for confirming the proposed wind project area is in accordance with what have been described in Term 2 to Term 15 in the MOU dated on September 16th of 2004. |
| 3. | This Supplementary MOU has equal authenticity with the MOU dated on September 16th of 2004. |
Signed by:
/s/ Yang Meng
Hebei Weichang Man & Mongolia Minorities Autonomous County Government
/s/ Huang Haipeng
Yudaokou County Government
/s/ Eugene Chen
MFC Bancorp
