Agreement

The following agreement is reached by the shareholders of E Energy Service GmbH
during the course of the shareholders meeting on 12.01.2007

1.

We resolve to increase capital to € 1.000.000, 00 (in words: one million Euro)

The new issued shares will be divided in such manner that following the
increase, ENERTRAG will hold 75.1 % and Dewind Turbines Ltd. shares amount to
24.9 %.

The shareholders further conclude to provide the company with a cash injection
of a further amount of € 4.000.000, 00 (in words: four million Euro). The
shareholders will provide the company with these funds in a tax saving manner.

The provision of the above mentioned cash injection of € 4.000.000, 00 (in
words: four million Euro) will be executed proportionally to the shares held by
ENERTRAG (75.1%) and DeWind (24.9%).

2.

Previous liabilities of DeWind/ EU Energy Wind Ltd to E Energy Service GmbH up
until 31.12.2006 will be reckoned up against the long term loan of DeWind GmbH.

The sum of € 729.000,00 (in words: seven hundred twenty-nine thousand Euro) of
the so called Term Sheet Agreement between EU Energy Ltd and ENERTRAG AG in
accordance with fig. 1.1.1 of the mentioned Term Sheet Agreement will equally be
deducted from the long term loan.

The increase in capital / the provision of cash by DeWind Turbines Ltd. will be
financed by a loan of ENERTRAG and secured by the following measures:

-  
The „Cuxhaven Prototype D8.1 Turbine“(hereinafter the “Cuxhaven turbine”),
including all generated earnings, is to be transferred as security.

-  
The parties plan to enter into a licence contract for the D8. Should the parties
enter into this European Licence contract for a D8.1/D8 before the arrival of
funds from the Cuxhaven turbine, the security of the Cuxhaven turbine will be
released. The down payment of the licence contract will be reckoned up against
the settlement of the loan.

-  
Should the advanced financing loan of ENERTRAG not be returned by 31.03.2007,
ENERTRAG will then realise the surety - here the prototype turbine.

 

3.

ENERTRAG will implement the necessary steps in order to ensure the regular
conduct of business of E Energy Service GmbH.
 

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4.

The directors have been instructed by the shareholders to continue service
activities for DeWind immediately and to inform the customers of this with a
positively formulated letter.

5.

DeWind agrees, as far as possible, to transfer the service contracts which exist
between DeWind and its customers to the service company.

6.

It will be permitted for DeWind Turbines Ltd. to repurchase the company shares
of 25.1 %. For the repurchase of the above mentioned company shares, the value
of the purchase price will be determined by the value ENERETRAG is prepared to
pay for the remaining 24.9% company share.

7.

The agreement is based on the individual decisions of the supervisory boards
(panel) of the individual shareholders, as far as this is internally required
for execution of the individual clauses. The shareholders commit themselves, to
provide the decision of their panel at the soonest possible time, however no
later than 19.01.2007

Lübeck, …………………..     Lübeck, ……………………         ENERTRAG AG     DeWind Turbines
Ltd.                 /s/ Gerd Kuck     /s/ Jorg Kubitza

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Gerd Kück    

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Jörg Kubitza        

                /s/ Matthias Konig      

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Matthias König