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The Company also formed Elba Power Corp., an Alabama Corp. for the development of a Solar Assembly company. Elba Power Corp. had entered into a property purchase contract for approximately $3 million, which has expired The Company is currently in discussions with the property owner’s representative. The Company has obtained the approval for an inducement resolution for $50 million dollars from the State of Alabama, along with a 100% tax abatement on sales and use tax in support of the development of a solar assembly plant. Elba Power Corp is currently working with potential funders in support of the capitalization and development of the project.

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