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ZBB Energy Corporation

ZBB Energy Corporation 11-Oct-05 Has entered into letter of understanding agreement with Wharton Equity Partners, LLC and Wharton Energy Partners 1, LLC (collectively Wharton)for the acquisition by ZBB of Wharton’s existing energy storage investment and the investment into ZBB of new capital of not less than US$5,000,000 from Wharton sources.

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