THE KOURIS CENTRI TURBINE GENERATOR

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1 KOURISPOWER PTY.LTD. ACN T/A THE KOURIS CENTRI TURBINE GENERATOR KOURISPOWER PTY. LTD. KCT JOINT VENTURE OPPORTUNITY 1. The Opportunity Kourispower Pty. Ltd. is an Australian based hydro electric power company which controls and manages the intellectual property of, and the production of, The Kouris Centri Turbine Generator or KCT. The KCT is the world s first patented, in the river or in the reservoir, vortex turbine, operated using the spin as distinct from the fall of water. The KCT harnesses the energy in a vortex, it draws from the Coriolis Force and thus promises to supplement the energy created by conventional gravity fed generators. The KCT is currently commercialising in Australia with projects and trials underway. Kourispower are looking for partners to assist in the commercialisation of the KCT in world markets. These partners may be hydroelectricity companies, manufacturers to the hydro industry, or businesses connected to the power industry that can commercialise and identify projects for the KCT. There are 8 granted and 10 pending KCT Patents, a completed domestic pilot plant and discussions on foot to construct commercial pilot plants within Australia and off shore. An industry equity and joint venture partner is being sought, with the will and the means, to commercialise and globalise the KCT. The equity available and the business model for the J.V. are negotiable. 2. The KCT Team The Key KCT team members have strong legal, commercial, business and engineering expertise: Paul Kouris Inventor and Proprietor of the KCT. Managing Director of Kourispower Pty. Ltd. Member of the Royal Society of Science (Victoria), Member of the Australian Institute of Energy, Member of the Victorian Bar in continuous practice since Chris Thomson - Director of Kourispower Pty. Ltd., Member of the Victorian Bar in continuous practice since David Sattler - Principal Sattler Consulting Pty. Ltd, Managing Consultant Engineer for the KCT. Rob Holland - Managing Director, Alternative Power Systems Braeside, Licensed Manufacturer of the KCT. John D Arcy-Evans- Director Grant Thornton, Melbourne, Business Consultants for the KCT. Greg Munt - Partner, Griffith Hack, Melbourne, Patent Attorneys for the KCT. Damian Neylon - Partner, Russell Kennedy, Melbourne, Solicitors for the KCT Inventor, Proprietor & Managing Director: Paul S. Kouris Suite 618 Telephone: Owen Dixon Chambers (West) Facsimile: William Street, Melbourne, 3000 Mobile: Victoria, Australia paulkouris@lycos.com

2 3. Executive Summary The KCT is a revolutionary hydroelectric turbine, now patented in the U.S.A., Australia, New Zealand, Brazil, Mexico, Canada, Norway and Japan with 10 other International Patents Pending. Hydroelectricity represents approximately 19% of world energy requirements and approx 65% of all renewable energy. The world presently consumes approx. 3,800 billion-kilowatt hours of hydroelectricity per annum. The KCT is designed to increase output without cutting down any more trees or damming any more rivers by simply employing the water more efficiently; see accompanying New Product Submission Brochure diagrams below. The KCT Engineer had provisionally estimated that a vortex turbine would potentially increase output by 5%. However a Proof of Concept was constructed that provided increases in output of up to 27%. Thereafter a small vortex Pilot Plant was constructed that could power a conventional home with no interference to the flow rate of a river. Clearly 5% is conservative. Nevertheless in global terms even 5% would make a staggering difference. The KCT has the potential to provide the New Millennium with non-polluting free abundant energy. This is our vision.

3 4. KCT Development and Current Projects First domestic KCT Pilot Plant established in Australia 2008 (Victoria) Plant used only 110 litres/sec, a 2m vortex, a vortex depth or fall of only 60cm, generated more than 10 kwh per day (1 house equiv.), and did not interfere with the flow rate; see photographs below. Licence for Plant issued by Victorian Department of Sustainability and Environment with funding assistance from Sustainability Victoria. Site-specific commercial 20kw plants capable of powering 40 homes being planned. Discussions currently with Australian Hydro Company (Tasmanian Hydro) for the installation of a demonstration plant as an addition to existing hydro scheme. Initial discussions and planning for an irrigation canal demonstration plant in NSW Australia (Murray Irrigation); see concept drawing below. 5. KCT Agricultural Plant to be operating on rural property in NSW Australia (Collendina) in Relative Product Advantage The KCT is a unique rotational kinetic energy hydroelectric turbine generator that can operate efficiently with a fall of under 1m. Competitor s conventional turbines using head of pressure and lineal kinetic energy require a fall of 3 metres or more to operate efficiently. The KCT can be installed at sites unsuitable for other turbines. The KCT relies on spinning water when draining. It harnesses the energy in a vortex and requires flow not fall. The KCT can increase output when operated in conjunction with a conventional system. The KCT can be a retro fit into existing hydroelectric reservoirs at a fraction of the cost required to establish a new hydroelectric scheme. The KCT can be installed in waterways as a run of the river stand alone system to generate continuous and inexpensive clean, green power. Any number of KCT units can be placed along a waterway as there is no interference to the flow rate.

4 The KCT can be installed in desalination plants, sewerage systems, storm water systems, wherever there is flow and it can be directed into a vortex. The KCT is designed to increase output without environmental impact. It can produce more electricity with the same water. Globally, for fundamental economic, practical and environmental reasons, hydroelectricity is poised to challenge both nuclear and coal in importance. Solar, thermal power, wind power, geomass power and photo voltaic cells cannot realistically compete on the scale of hydroelectricity. 6. Relative Product/Service Costs The KCT s cost advantage is that it is placed in the dam or the waterway (not in the power plant), in a fall of less than 3 metres and if necessary less than 1m. A site-specific 20kw KCT system, powering 40 homes, with a 10m vortex chamber, a vortex depth or fall of only 1.5 metres and a flow rate of approx 2,000 litres/sec, is expected to cost around $AUS100,000 ($US 89,000) plus installation, based on initial trials in Australia with local manufacturer. A site-specific conventional 20kw turbine is expected to cost between $AUS ,000 viz. $5,000 - $7,000 kw, plus installation and is limited by its fall requirements. The KCT can be used as a stand-alone unit in micro or mini hydroelectric applications where conventional turbines cannot. The KCT can be placed in waterways to provide electricity for towns, farms and machinery simply by harnessing flow and the energy of a flowing vortex. 7. Market Attractiveness The KCT market is of course global. The world s thirst for energy regrettably increases exponentially. Last year, the world s power stations generated around 19,000 Billion kwh of electricity; nevertheless 1.6 billion people still have no access to electricity at all. Electricity supplies would have to triple by 2025, and double again to achieve the current OECD average of 9,000kwh for each of the world s 10 billion people in 2040! Clearly there is an energy crisis. The 21 st Century must become The Age of Renewable Energy and the top proven environmental and economic performer is hydroelectricity. The main attractiveness of the KCT is that it makes hydroelectricity more competitive and thereby avails itself of current Government regulatory incentives for the development of renewable energy. Furthermore, retrofitting the KCT at existing hydro facilities can in some jurisdictions substantially reduce the regulatory paperwork associated with new energy projects, as it is additional to the current facility. Presently in Australia Black Energy sold to the grid commands at least $.065c a kwh, and Renewable Energy Certificates (RECS) around $.035c a kwh. Therefore allowing around $AUS100 ($US89) a Mwh is realistic and expected to be much greater in the future. Globally, Clean Development Mechanisms (CDMs) and Certified Emission Reductions (CERs) thereunder, when combined with higher Black Energy prices, result in similarly attractive Mwh prices. As stated earlier the world currently consumes around 3,800 Billion kwh of hydroelectricity per annum. Therefore at a conservative $AUS 0.10c kwh, it spends approximately $AUS 1,000 million ($US 890 million) per day on hydroelectricity alone. A mere 5% increase in hydroelectric output globally represents approximately $AUS 50 million ($US 44.5 million) per day being redirected to renewable energy. 8. Market Competitivenes The KCT is the first patented in the dam or in the waterway Vortex System. Accordingly the KCT is not actually in competition with conventional turbines. It is designed to supplement and work in conjunction with them, either as a retro fit or as a stand-alone unit in dams or waterways. The KCT is an unconventional turbine that will breathe new life into hydroelectricity.

5 9. Profitability A 20kw KCT costing approx $AUS 100,000 ($US 89,000) depending upon the country of manufacture, and assuming installation at approx $AUS 50,000 ($US 44,500) per unit, would return approx $AUS 17,500 ($US 15,575) per annum, allowing around $AUS 100 ($US 89) Mwh. That s a return of over 11% pa on capital for a turbine that can be installed where the others cannot, can be placed in countless waterways of the world, and retrofit into its dams, reservoirs, and existing hydroelectric schemes with the price for renewable energy only likely to increase. 10. Commercialisation The KCT will be commercialised in Australia and overseas. Run of the river and canal installations are presently a priority for the Team. Discussions are currently underway. A Joint Venture Partner would be involved in and accelerate this commercialisation at all levels. The prospects for renewable energy, particularly hydroelectricity, in this energy-starved world in environmental crisis are limitless. More detailed KCT information is available upon the signing of a non-disclosure agreement. In the meantime the KCT Website can be found at Paul Kouris Managing Director Kourispower Pty. Ltd. 12 February 2010