Counterpart to the Purchase Agreement In satisfaction of the requirement of Section 8(x) of the Purchase Agreement (as defined below) and for the benefit of the Initial Purchaser thereunder, the undersigned hereby makes all of the representations and...

                      Counterpart to the Purchase Agreement

      In satisfaction of the requirement of Section 8(x) of the Purchase
Agreement (as defined below) and for the benefit of the Initial Purchaser
thereunder, the undersigned hereby makes all of the representations and
warranties, and assumes and is bound by all of the agreements and other
obligations, of the Guarantors under the Purchase Agreement, dated February 6,
2004, between Ormat Funding Corp., the other Guarantors and the Initial
Purchaser (as defined therein).

Date: February 13, 2004                 STEAMBOAT DEVELOPMENT CORP.

                                        By: /s/ Xxxxxx Xxxxxxxx
                                            -------------------------------
                                            Name:  Xxxxxx Xxxxxxxx
                                            Title: Assistant Secretary