Amendment #4 Page 228 of 868 JNr ,p tor mi. companies are usually Mort term in &moon typcaly ore year subject to annual extensions. Under China's Renewable Energy law. the grid convenes are otagated to accept all energy produced by dry lensed and teeming solar and wn:l energy projects In practice, however, solar and wind energy projects have teen subject to curtailment by gid corrpantes due to transmission capacity and other reastructure oonstrarts Solar and wind energy projects owned in whole or m part by foreign unties we also subject to the general (omen tnvestireM tegulalcry regime adminstered by the Minstry of Commerce, or 'MCPCOM: and State Administraton d Foreign Exchange. Foreign investment on the solar and vend power Misty a currently listed by LICPCOM as an *encouraged' teeny, Yawn means new solar or wit energy projects may te developed by a wholly foreign owned enterprise on the same basis es they may be developed by a domestic enterprise. However, if a foreign investor seeks to acquire a solar or wit project (whether cpentrg or under construction) it must obtain the approval of ether the national office of MOFCOM or its regorel offices (depending on the total monetary value of the project at structue of the acgasition) Under current Chnese law, acquisition of a solar or wind energy project bye foreign party does rot in itself require approval from State Admission of FOttncrl Exchange. Du ay foreign loans issued by * foreign party (including shareholder loans) must be registered with SAFE before they rnay be disbursed Brad The National Electnc Energy Agency. or ire 'ANEEL: and the Energy Research Company are ire predominant regulatory bodes governing electric energy chstribution in Rani These governmental agencies are responsible fa enacting rules and regulations related to, among others granting Meeses to enter the eiectreity generation rmrkd. Wing tariff rates regulating the auction process used to award energy production coded* and est