EXHIBIT 10.1.10
ORMAT(R) [ORMAT LOGO OMITTED]
GUARANTEE FEE AGREEMENT
BETWEEN
Ormat Technologies, Inc. (OTI)
and
Ormat Industries Ltd. (OIL)
Effective as of January 1, 1999
At OTI's request OIL has agreed to issue certain Standby letters of Credit on
behalf of OTI, as well as guarantees in forms acceptable to the end customers.
o A fee on Standby Letters of Credit and on corporate guarantees will be
calculated each quarter at a rate of 1% (one percent) per annum, on all
amounts effective during that quarter.
o All out of pocket expenses will be billed at cost.
The billing will be issued at the end of each quarter for the current quarter
and due upon receipt.
This Agreement is the entire agreement between the parties hereto with respect
to the subject matter hereof, and supersedes all prior agreements,
understandings and discussions between them with respect to such subject matter.
/s/ Indecipherable /s/ Xxxxxxx Xxxxxxxx
------------------------------------- --------------------------------------
Ormat Industries Ltd. Ormat Technologies Inc.
ORMAT INDUSTRIES LTD
XXX XXXXXXXXXX XXXX, X.X.X. 00 XXXXX 00000, XXXXXX o TELEPHONE 000-0-0000000
o FACSIMILE 000-0-0000000
