The PowerSource Group


April 2002:	Formation of The PowerSource Group LLC.
2002-2003:	International survey off-grid communities in Southeast Asia, Sub-Saharan Africa and South America to refine off-grid distributed generation business model.
August 2003:	Formation of PowerSource Philippines, Inc. (later "PowerSource Microgrid Operations,Inc.").
September 2003:	Philippines Department of Energy initial endorsement of PowerSource Microgrid community eletrification model and pilot project in Barangay Rio Tuba, Palawan Province, Philippines.
October 2004:	Securing of first-ever Franchise Waiver from the Palawan Electric Cooperative ("PALECO") for the Barangay Rio Tuba Microgrid community electrification pilot project.
April 2005	Commissioning of Barangay Rio Tuba Microgrid community electrification pilot project and commencement of commercial operations (Project#1).
November 2005:	Initial request by SM Group largest mall developer in the Philippines) to devise supply-side energy solution for a pilot SM mall in Agana, Guam, USA.
May 2006:	Approval of initial US$2.5 million credit facility by the Overseas Private Investment Corporation, U.S. Department of the Treasury.
June 2006:	Execution of Energy Savings Performance Agreement for cogeneration project with SM Group Agana Shopping Center.
September 2007:	Formation of PowerSource Energy Services, Inc..
September 2007:	Approval of US$25 million convertible debt facility by Credit Suisse for implementation of Energy Services business model.
December 2007:	Approval of initialUS$90,000 credit facility by E+CO for implementation of initial biogasification pilot project at Baragany Rio Tuba.
April 2008:	Securing of first-ever US Environmental Protection Agency/Guam Environmental Protection Permit to Operate SM Group Agana Shopping Center Project.
May 2008:	Execution of Energy Services Agreement for trigeneration project with the Guam Reef Hotel, Turmon, Guam, USA.
June 2008:	Execution of Joint Development Agreement for multisite community electrification program with the Provincial Government of Palawan, Philippines.
July 2008:	Securing of Franchise Waiver from the Cebu Electrical Cooperative ("CEBECO") for the Malapascua Island Microgrid community electrification project.
August 2008:	Execution of Term Sheet for trigeneration project with Hyatt Regency Saipan Hotel, Saipan, CNMI, USA.
August 2008:	Execution of Qualified Third Party program agreements with the National Power Corporation and the Department of Energy, Philippines for service in Rio Tuba, Palawan and other sites.
February 2009:	Approval of further US$850,000 by E+Co for construction of Malapascua Island, Cebu Province, Philippines Microgrid community electrification project.
April 2009:	Execution of Energy Service Agreement for cogeneration project with the Saipan Aqua Resort Club Hotel, Saipan, CNMI, USA.
December 2009:	Commissioning of Malapascua Island Microgrid community electrification project and commencement of commercial operations (Project #2).
March 2010:	Commencement of Operating Period at first Energy Service project, SM Group Agana Shopping Center (Project #3).
June 2010:	Agreement for Joint Market Development of Demand-side and Supply-side Energy Services in the Philippines with Davies Energy Systems, Inc.
July 2010:	Execution of Energy Services Agreement with Pepsi Cola Philippines Inc., for Cagayan de Oro Bottling Plant trigeneration project.
August 2010:	Approval of further US$1.13 million by E+Co for Barangay Liminangcong, Palawan Province, Philippines Microgrid community electrification project.
September 2010:	Execution of Term Sheet with Pepsi Cola Philippines Inc., for Zamboanga Bottling Plant trigeneration project
October 2010:	Securing of Franchise Waiver from the Palawan Electrical Cooperative for the Barangay Liminangcong Microgrid community electrification project.
December 2010:	Approval of further US$1.3 million by E+Co for Pepsi Cola Philippines Bottling Plant cogeneration project in Zamboanga, Philippines.
December 2010:	Commencement of Operating Period at second Energy Services project, Saipan Aqua Resort Club (Project #4)
February 2011:	Execution of Long-Term Biomass Fuel Supply Agreements with Jasaan Coconut Farmers Multi-Purpose Cooperative and Gingoog Federation of Agricultural Cooperatives, Mindanao
February 2011:	Breaking of ground for commencement of civil/structural works at the Pepsi Cola Philippines Cagayan de Oro Bottling Plant trigeneration project.
March 2011:	Commencement of Operating period at third Energy Services project, Guam Reef Hotel (Project #5).
March 2011:	Execution of Project Alliance Agreement for Project Operations & Maintenance and Project-Based Equity Investment with GDF Suez/Cofely
April 2011:	Commisioning of Barangay Liminangcong Microgrid community electrification project and commencement of commercial operations (Project #6).
April 2011:	Execution of Strategic Alliance and Project Agreement with Clenergen, Inc. for a 3MW Biomass Power Plant and Plantation to serve the Rio Tuba Nickel Mine and to accomodate load growth in Rio Tuba.