ECT 12.5% 0.4¢ environmental clean technologies limited.

Ann: Shareholder Update India Project and Bond Strategy, page-33

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    Q.In what circumstance would the bond be called up?
    A. One can only assume on collapse of ECT

    Q. If ECT collapse what value would the escrowed share be to the project partners?
    A. $0

    Q. If you were a project partner would you agree to escrowed shares making up a significant portion of the bond?
    A. .....
 
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