COWANS & COMPANY LTD. 95 Howard Ave. Oakville, ON L6J 3Y4Fiscal Consulting Agreement • July 8th, 2004 • Us Geothermal Inc • Ontario
Contract Type FiledJuly 8th, 2004 Company JurisdictionCowans & Company Ltd. ("Cowans") would be pleased to act on behalf of U.S. Geothermal Inc. and its successors (the "Company") to assist in developing relationships with analysts and institutional investors as follows: