14 June 2012

STRICTLY PRIVATE & CONFIDENTIAL

CONFIDENTIALITY AGREEMENT
In connection with the review by XXXXXXXXXXXXXXXXXX the Investor/the broker of a potential investment in 6 photovoltaic projects of 1MW each in Ferrandina the Project and for such purpose only, the Investor requests certain information concerning the project provided by AELUS SGPS S.A. (AELUS). As a condition to, and in consideration of being furnished with such information, the Investor/the broker agrees to treat any information concerning the Project or any study or report produced on the basis of, or referring to, such information which is furnished to the Investor by or on behalf of the AELUS (herein collectively referred to as the Confidential Information) in accordance with the provisions of this letter. The term Confidential Information does not include information which: (i) was within possession or was known by the Investor/the broker, prior to it being furnished to the Investor/the broker by or on behalf of the AELUS pursuant hereto, provided that such information is not known to the Investor to be subject to another confidentiality agreement with the AELUS; (ii) or thereafter becomes generally available to the public other then as a result of a breach of this letter by the investor/the broker or its directors, officers, employees, AELUS or advisors; (iii) is or becomes available to the Investor/the broker from a source other than AELUS or its advisors, provided that such source is not known by the Investor to be bound by a confidentiality agreement with the AELUS; (iv) is prepared or developed independently by the Investor/the broker without recourse to the information furnished to the Investor by or on behalf of AELUS; (v) (vi) has been approved for release by written authorization of AELUS; or is disclosed in order to comply with laws or legal process.

AELUS hereby represents and warrants that it has full power and authority to provide the Confidential Information to the Investor/the broker and that the provision of the Confidential Information to the Investor/the broker does not and will not constitute a breach of any obligation to

1/2

14 June 2012

which AELUS is subject or any agreement by which AELUS is bound. The Investor/the broker hereby agrees that the Confidential Information is and shall remain proprietary to AELUS and that will use the Confidential Information solely for the purpose of considering an investment in the Project. In the event that the Investor/the broker or any of its agents receive a request to disclose any Confidential Information under any law or pursuant to any legal process the Investor shall, to the extent practically and legally permissible, provide AELUS with notice of such request or disclosure order with respect to such information. The term law(s) or legal process as used in this letter shall be deemed to refer to and include, without limitation, any judicial action, legal process, law, governmental order or regulation. The parties agree that unless and until a definitive agreement between AELUS and the Investor/the broker with respect to any transaction referred to in the first paragraph of this letter has been executed and delivered, neither of the parties will be under any legal obligation whatsoever with respect to such a transaction by or with any of AELUS or the Investors/the brokers directors, officers, employees, representatives or its advisors except, in the case of this letter, for the matters specifically agreed to herein. The obligations in this letter will terminate after one calendar year from the date stated herein. This letter shall be governed by, and construed in accordance with, the laws of Portugal and the parties submit to the non-exclusive jurisdiction of the Portuguese courts.

Yours faithfully, Confirmed and agreed:

AELUS S.G.P.S. SA Name: Jorge Oliveira Title: Administrator

XXXXXXXXXXXXXXXXXXX Name: Title:

2/2