ergy Projects Notes to the combined financial statements 1. Organization and nature of business BeTherm Energy Projects Otte -Germany) consists of Klipheuwel.Dassetonten Wnd Energy Facility (RF) Propretary Lotted. Sevenstonee 159 (RF) Proprietary Limited and Umarco 77 (RF) Proprietary Limited These Conver

s of the EPC Contract The fee charged et a fixed lee escalated annually at South African Inflaton rate The fee in 2014 was SO 7M SO 4M and 50 4M for Klipheuwel.Dasseforiern Wnd Energy Facility (RF) Proprietary Lasted, Sevenatones 159 (RF) Proprietary Limited and LiMarco 77 (RF) FIcaielaiy lorded respectivel