erek-el Mann 21. :a)I5 end 2016 caenteed cm:1>oe' stgagnents awl-, tido') fat the Inge ThOnns ercle Wye:, 3: - 01`.. re: ••)l4 1,12,1,, rg:r$1.3 Honiton Energy %IL Holdings Limited and Honiton Energy BAV Holdings Limited unaudited condensed combined financial statements (Hercules Transaction) dAataittycana

bined Entity including the corwersion of the USS177,870 due to HECL as of March 31, 2015 no the snare capital of Hendon Energy (XIngiole) Co Ltd and Honiton Energy (Baotou) Co Ltd, as necessary On May 5. 2015. HECL entered to a share purchase agreement to eel all of 'begun,' interests in Fronton XL and Hondon

whichwas incorporated in 2008 in Hong Kong Speciel Parninistraticn Region gre 'Hong Kong' or SAR'), *vagn [heit ri-speedet whDlIticemed suteidanes. Honiton Energy (blresole) Co, Ud (Fkaton »aude -) and Mangan Energy (Bactou) Co., Ltd ("Hormon &mod) (colleouvely rederred to hereinalter as Me 'Cornbred Enter). a