Amendment No. 1 to Capital Note between Ormat Technologies Inc. and Ormat Industries Ltd.

Contract Categories: Business Finance › Note Agreements
Summary

This amendment updates the terms of a Capital Note originally issued by Ormat Technologies Inc. to Ormat Industries Ltd. It changes the repayment terms, allowing Ormat Technologies Inc. to repay the loan at any time after November 30, 2007, without interest, and requires full repayment by December 30, 2009. The amendment is signed by Ormat Technologies Inc. and reflects the agreement between the two companies regarding the revised loan terms.

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EX-10.1.12 21 file013.htm AMENDMENT NO. 1 TO CAPITAL NOTE 
  EXHIBIT 10.1.12 [ORMAT LOGO] ORMAT TECHNOLOGIES INC. 980 GREG STREET, SPARKS, NEVADA ###-###-####, USA AMENDMENT NUMBER 1 TO CAPITAL NOTE Sections 2 and 5 of the Capital Note dated December 22nd, 2003 are hereby replaced in their entirety by the following: 2. For Value Received and upon demand at any time after November 30th, 2007, Ormat Technologies Inc. hereby primises to repay the Loan to Ormat Industries Ltd. without any interest. 5. In any and all events, the Loan shall be repaid not later than December 30th, 2009. IN WITNESS WHEREOF, this amendment to the Capital Note has been duly signed on behalf of Ormat Technologies Inc. this 20 day of September, 2004 value of June 30, 2004. Ormat Technologies Inc. By: Connie Stechman ------------------------ Connie Stechman - --------------------------- Name Vice President - --------------------------- Title ORMAT TECHNOLOGIES, INC. 980 Greg Street o Sparks, NV ###-###-#### o Telephone ###-###-#### o Facsimile: (775) 356-9039