Wulatehou Qi Project – (binding Letter of Intent) with Tianlanhengfeng Electrical Power Corporation of Hohhot, Inner Mongolia (the "Owner") in order to jointly develop and operate a wind farm project located in Wulatehou Qi, Inner Mongolia, China (the "Project").

The Mongolian project is planned for a total capacity of 300MW with a first phase of 50MW. Development plans call for a total of 6 phases at 50MW each. The Owner has obtained all the necessary approvals and permits from the local government and has commenced construction.

Far East and the owner plan to establish a Joint Venture (JV) in order to develop the first 50MW collectively and then aim to proceed with ongoing phases to completion. Details regarding the establishment of the JV will be announced upon completion of negotiations.