Ormat Technologies, Inc.
Director’s Compensation

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[spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] Fees [spacer.gif]
[spacer.gif] In U.S.Dollars Director Retainer [spacer.gif] [spacer.gif] $25,000
Board meeting fee [spacer.gif] [spacer.gif]   -        In person [spacer.gif]
[spacer.gif] $2,500 -        Joining by telephone to an ‘‘in person’’ meeting
[spacer.gif] [spacer.gif] $1,000 -        Telephonic [spacer.gif] [spacer.gif]
$500 Committee meeting fee [spacer.gif] [spacer.gif]   -        In person
[spacer.gif] [spacer.gif] $1,500 -        Telephonic [spacer.gif] [spacer.gif]
$500 Committee Chair [spacer.gif] [spacer.gif]   Audit Committee [spacer.gif]
[spacer.gif] $7,500 Expense Reimbursement [spacer.gif] [spacer.gif]  
Reimbursement of travel and lodging expenses for Board Meetings [spacer.gif]
[spacer.gif]   Options Grants      [spacer.gif] [spacer.gif]  
        -    Initial Grant [spacer.gif] [spacer.gif] 7,500         -    Annually
from second year [spacer.gif] [spacer.gif]   Options are exercisable 12 months
from date of grant. The exercise price will be the closing market price on the
date of grant, unless Financial statements are released on such date, in which
case the exercise price will be the closing price on the day following the date
of the release. [spacer.gif] [spacer.gif] 7,500 [spacer.gif]

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