Exhibit 10.1(l)  Rental
agreement  1.Landlord Limited
company Grundstenen 114927 (uät SKR Släggan AB), org.no 556720-8805, c/o NCC
Contruction Sverige AB, Vallgatan 3, 170 80 Solna (Landlord) when the building
is finished.  2.Tenant Sauer-Danfoss (Älmhult) AB, org.no 556496-9177,
Stålgatan 1, 343 34 Älmhult (Tenant)  3.Object All
buildings and all land within property Älmhult Släggan 3 and plus eventually
settled land, and plants, installations, equipment and decoration as will be
the result with the carry out of the contract program with NCC Construction
Sverige AB (Property). Contract program should be an appendix to this agreement
(Contract program) Appendix 1.  4.Rented
buildings, size and scope The
rented buildings size, position and scope of the total rented area is clear of
the contract program.  I
eventual changes of buildings, area and standards etc according to contract
program as of the tenants prescribed changes- and additional work effect total
production cost according to Contract program should the rental fee change
according to: of additional costs should these be turned over to rental fee
with translation 8%. Leaving costs should be deducted on rental fee with 8%.
Those changes and additional work should be approved by Landlord and Tenant jointly
and in writing. In such written approval should the parts inform and approved
the new re-calculated rental fee as of increase/decrease of costs.  5.Usage
of the object The
object should be used for the Tenants business that is development, testing and
manufacturing of electronic products.  6.The
objects condition, administration and maintenance The
object refers to new build premises and is hired in the condition as stated in
the Contract program. The Tenant is responsible for the objects all administration-
and maintenance costs, both indoor and outdoor. This means the Tenant is
responsible for all caring, all maintenance and all changes that are necessary
during rental time. The Tenant should together with the Landlord make
maintenance plans, who should be carried out on the Tenants expense. Would it
not be possible for the parts to agree about the content in the maintenance
plan should the plan be stated of an expert that is appointed together of the
parts. Is it not possible for the parts to agree about this expert could one of  1


the
parts ask Stockholms Handelskammare Stockholm chamber of commerce appoint
expert. The tenant should pay the expence for this expert. The Landlord should
once a year be given opportunity to self or by representativeinspect the
object in purpose to keep himself updated in respect of the objects condition.  In
case of the Tenant not follow the maintenance plan or on other case not maintain
the object in a way that could cause the landlord damage, has the landlord the
right to on the Tenants expense self make necessary measure. Suchmeasure should
be done within the rules regarding as example for information and deadlines.  7.Rental
time Admission
time has been decided to 2008-04-01 Rental
time is fifteen (15) years from admission time  The
Tenant obliges to, without demands of reduction of rental fee or damage approve
the constructor to carry out actions or inspection observations. In cases of
faults or delays in construction according to Contract Program cause the Tenant
obstacles, disadvantages or damages should the Landlord superintend the
eventually penalties that could obtain from the Landlord, from third party
according to Contract Program be paid direct to the Tenant. Above this should
the Tenant not have right to compensation for shortages or delays in the
construction according to Contract Program.  The
tenant should above this approve the arrangements, adjustments, paintingwork and
similar to be done after start of usage of the object. The Landlord should in
connection with the mentioned work pay attention tosecurity aspects in
connection to the tenants business. This work should if possible be finished
when the tenant taken possession of the object and carry on with the business
in the rented building.  8.Notice
of termination and lengthening of contract Notice
of termination of this contract should be done in writing at least 18 months before
the agreed rental time close. If notice of termination not is done within prescribed
time should the contract be extended with not change of conditions in successive
five year periods with the same time for notice of termination.  9.Renal
fee, payment Rental fee should be paid from the day of
possession.Base rental fee is
3 700.000 kronor and should to 100% be adjusted upwards with changes for
KPI (consumer price index  total index with 1980 as base). Base should be the
index for October month 2007. This mean addition to base rental fee should
follow with a certain percentage as follows.  Should the index any of following month of October has
increased in relation tobase
index, should addition follow with the percentage with the index change in  2


relation to base index. Further
on should the addition come out from index changes, as from the rental fee
changes be calculated as of the base of the percentage change from base index
and the index in respective October months.The rental fee should never be
lower then the base rental fee and if the change of KPI is below 1,5%, should
the rental fee even though increase with 1,5% yearly. The rental change should
always start from the 1th January after October index has resulted
in re-calculation.  Example for calculation: Calculate the difference between current October index
and base index. If the difference is positive should the calculated difference
be divided with the baseindex.
The quota that becomes the result should be multiplied with the base rental fee
and this calculation would give the additional rental fee for the year.  To
the base rental fee come additions according to this agreement.  Payment
period is every calendar quarter (every third month). Current rental feeshould be
advised by the landlord at least 30 days before due payment day. Therental fee
should be at the landlord no later then the last workday before every payment
period beginning. The rental fee should be paid in advance.  Year
15 of the rental period should the tenant in addition pay a one time amount
corresponding base rental fee for year 15 (adjusted upwards with KPI as above)
and 1 500 000 kronor (together removal compensation). The removal
compensation should be paid no later then the last work day of the rental
period and be invoiced by the landlord no later then 30 days before rental
period ending.  The
landlord obliges to offer the tenant lengthening of the contract on the same conditions
in at least five years after the rental period ending. Of tenant before end of
period choose to accept this offer of lengthening should no removal compensation
be issued. The tenant dispose herewith independent over the possibility to
lengthening the agreement with no change of conditions and with that not be
obliged to removal compensation.  10.Real estate tax If
real estate tax should be paid for the property should the tenant as additional
to the rental fee in paragraph 9 pay on the objects share on every occasion
real estate tax. The object share is 199%.  11.Unforeseen expenses Should
after the contract signed unforeseen expenses occur for the object on reason
of:  3


Aintroduction or
change of special for the property tax, fee or duty from parliament, government
or other authority resolved or Brebuilding or
similar on the object as the landlord is command to make from the reason of the
tenants activities in the building asof decision of parliament,
government or township or authority  Should
the tenant from cost change set in pay compensation to the landlord on forthe objects
share of the total yearly cost change for the property. Thecompensation is
to be compared with on all conditions with rental fee and shouldbe paid
according to rules of payment of rental fee. It is to the landlord to
openlyaccount for the reasonability to the tenant and in those cases the cost
change takewith decrease of costs for the landlord put on credit the tenant the
cost decrease.  Re-building
activities according to b) above should according to time, costs andmethods be accounted
to the tenant and total costs, time plans and rental feechanges should
be agreed before start. The tenant has no right to decrease ofrental fee for
such disadvantage or obstacle in the usage as normal follow of fromlandlords
re-building activities.  12.Interest, collection letters With
late rental payment should the tenant pay, interest according to interest lawand
compensation for written collection letter according to the law aboutcollection of
debts. Compensation for reminder will be with amount as with alloccasions
should be according to ordinance of compensation of collection costs.  13.VAT The
rental is within VAT rules. The tenant is appropriated noticed that thelandlord will
registration for VAT for the actual rental according to theregulations for
VAT. Has this been through and do the rental stop fully or partlyto be within
VAT rules should if the reason is to the tenant the tenant pay to thelandlord the
amount as the landlord according to the VAT regulations should payto the government
and is to be assignable the object and keep the landlord withoutdebt.  14.Transfer and grant in second hand The
tenant is not allowed without written approval from the landlord to transfer orgrant in second
hand make available the rental right to the property or part of.  The
tenant is in agree with rental in second hand of the object unintended renttribunal
agreement only is to be done to tenant who manage VAT business in theobject.  15.Expansion or rebuilding The
landlord is positive to cooperate to expansion and/or rebuilding is to be done
on the property. In case the Tenant wish an expansion and/or rebuilding should  4


the
tenant not later then three (3) months before the desired realization in
writing send to the Landlord an inquiry and necessary documentation to allow
the Landlord to take decision  If the Landlord not has
the possibility to cooperate to such activity and the activity not mean any
decrease of value of the property could the tenant alone make the current
expansion or rebuilding. If the tenant make the change alone have the tenant at
move the right to either (i) leave the building as in the possession of
the landlord should be the building and could be of use for other tenant then
the Tenant and then go to the landlord and eventually compensation should be
paid to the tenant as of this paragraph item 3 below, or (ii) remove the
expansion/re-building and restore the building to the same status as before the
expansion/re-building and repair eventually damages on the building that has
become from the removal.  If the tenant when removal leave the building and this
go to the landlordaccording
to this paragraph 15 item 2(i) above should the landlord pay marketcompensation
for the building as of following. Compensations should only comeif the landlord
makes a rental agreement regarding the building within one yearafter the
tenants removal and the building according to one of the parts incommon
appointed claims assessor follow that the landlord received higher rentalfee according
to the new agreement. The compensation that should be paid to thetenant should
correspond to the higher rental fee the landlord received accordingto the claim
assessors opinion, though at most an amount corresponding to thebuildings book
value at the time of the tenants remove. If the parts not are able toagree about the
claim assessors as of this paragraph 15 has the part to as toStockhom
chamber of commerce to appoint such claim assessor, The tenantshould pay for
the claim assessor.  16.General
agreement 1.The parts
should keep each other informed about changes in organizationas change or
owners (paragraph 14) or authorization to sign for thecompany. If the
tenant not in writing gives notice other is the addressbelow the
address that the landlord should send the tenant notice oftermination and
messages accordingrental state.  Sauer-Danfoss (Älmhult) AB Stålgatan 1 343 34 Älmhult  2The tenant does
not have the right to have deduction of rental fee forobstacle in
usage of the object as of the landlord make the object as agreedor for the
tenant (as described in paragraph 6) make maintenance of theobject .  5


3Incase of
tenant wich the landlord to make re-building or changes in theobject should
the landlord oblige the tenants wishes due to the parts agreeabout costs
alternative adjustment of rental fee as of this.  The
landlord has the right to refuse to make re-building and changes onlyif the work
gives essential inconvenience for the landlord or is made inopponent to
current building and security rules or collective contract.  4It is to the tenant on own
responsibility and expense make the measures as after moving in from insurance
company or environmental- and reason of health, fire protection or other
authorities demand or could come to demand to be able to use the object as of
concern. From the time to the entrance is the contract valid. The tenant should
consult with the landlord before any actions are taken.  5The landlord should in good
time (not later then one month) before moving out call one for the tenant and
landlord common inspection of the object. With the view of the condition that
is acceptable with respect to the objects condition on entrance day, time of
rental and the plans for maintenance that has been made should the objects
actual condition be judged and documented in notes. The inspection should be
signed by both parts and all divergences from acceptable condition should of
the tenant be done something about before moving out.  6With moving out or after
should, if not other has been agreed, investment in the building that has been
paid of the tenant go to the landlord if the landlord not ordered the tenant to
remove the asset and restore the building. The tenant has always the right and
duty to remove of the tenant belonging asset and restore the building.  7The tenant ahs the right to
after the landlords written approval add outdoor arrangements as front sign,
sun blinds, antennas etc. It is to the tenant to get necessary approvals from
authorities. The landlord has the right to deny the tenant to add necessary
arrangements only if the work gives an essential disadvantage for the landlord.  8The landlord release himself
from the duty to fulfill his part of the agreement and from obligation to pay
damages if his undertaking not at all or only to abnormal high expense can be
fulfilled as of war or riot, as of strike, blockade, fire, explosion or
interference from authorities as the landlord not could counsel or foresee.  9The landlord has no
responsibility for the tenant for obstacles in the usage of the object that
comes from circumstance the landlord not has influence for. As such obstacle
means also obstacle to use the building as of prohibition or action from
authorities as of tenant or the business of the tenant. Obstacle for usage as
of above circumstances will not mean freeing for the tenants obligation for
rental fee payment or other obligations within this agreement.  10The tenant is
obliged to within the object keep necessary equipment for fire protection and
life saving in fire or other accident. The tenant is obliged to take the
actions within the object as needed for prevent fire and limit damages as of
fire. The landlord has duty to document fire protection  6


actions within the building and report to community fire protection
authority. The tenant has from this the duty to not later then two weeks from
entrance day every year 1 June to the landlord and two weeks after request
give a written documentation over the tenants fire protection. The
documentation should have the content as of the state räddningsverks allmänna
råd and comments for systematic fire protection work.  11The tenant is
responsible for only for all by law and/or other suggested regulations as of
the usage of the building for the business. The tenant should keep the landlord
indemnify for what the landlord could be forced to give as of the tenants not
fulfill obligations. The tenants obligations should contain also företagsbot
fees, fines and penalties that could come to landlord as of owner of the
property.  12The tenant is
responsible for all business related damages on the property as not would be
normal wearing and caused by tenants personnel and/or visitors or other as has
been allowed entrance to the property ( not the landlords personnel or from the
landlord applied personnel) in case this damages not enclosed by the landlords
insurance. This responsibility enclose also damage on parts that enclose of
tenants responsibility for maintenance and change of the damage come from
causing from tenant of other as of tenants responsibility. It is the tenant to
make announcement to insurance company in case of damage and to landlord.  13It is to the
tenant to observe what needed for good order and good condition within the
building and fulfill instructions of order and other obligations as from time
to other is instructed general or special for the usage of the building.1  17Insurance The
landlord makes sure that insurance regarding the property is signed in aSwedish
insurance company and the insurance is kept during the rental period.The tenant
should, in addition to rental fee pay the landlords all insurancepremium
according insurance during rental period. The landlord should alone beentitled to
collect given insurance compensation. The tenant should pay excess incases of damage
made of tenant or someone within the tenants responsibility. As of damage
included in insurance should the tenant pay the landlord excess,though at most
30 BB, if the damage is included of tenants responsibility as ofno 16 and no 11
above.  18Conditions This agreement is to be valid dependent of  The
Landlord no later then       2007 has an
agreement with NCC Construction Sverige AB regarding carrying through the
contract program and  7


The
Landlord not later then         acquires
and entered upon the property Älmhult Släggan 3.  19Dispute Disputes as of this agreement should be handled by
common court.  For
this agreement is above mentioned regulations and what sanctioned by 12 chapter
jordabalken (rental law)  This
contract has been made in two copies whom the parts has one each.  Stockholm             May 2007
  Älmhult          May 2007Aktiebolaget
  Grundstenen 114927
  Sauer-Danfoss
  (Älmhult) AB  8


For
the full carry out of Sauer-Danfoss (Älmhult) ABs commitment according to this
agreement do Sauer-Danfoss Holding ApS guarantee as of own debt.  Sauer-Danfoss
Holding ApS guarantees, as for its own debt, the accurate fulfillment of any
and all of Sauer-Danfoss (Älmhult) AB:s obligations under this Lease Agreement  Nordborg
on          May 2007 Sauer-Danfoss
Holding ApS  9