| I . | The above recitals are true in substance and in fact. |
|-----|-------------------------------------------------------|

| 2. | Effective from and after the 1st day of August,2011, the Lease shall be and is hereby amended as follows: |
|----|-----------------------------------------------------------------------------------------------------------|

|   | a) | Section 3.01 is hereby deleted and replace with the following: |
|--------|----|----------------------------------------------------------------|

----

|   | b) | Section 4.01 shall be amended by adding the following: |
|--------|----|--------------------------------------------------------|

| Period of Term                                                  | Annual Basic Rent | Monthly Basic Rent | Annual Rate Per Sq. Ft of Rentable Area |
|-----------------------------------------------------------------|-------------------|--------------------|-----------------------------------------|
| Lease Years 14-18Commencing Aug 01, 2011. Ending July 31, 2016. | $20,401.50        | $1,700.13          | $14.50                                  |

|   | c) | The Landlord's address in Section 4.05 shall be deleted and replaced with the following: 37 Hartford TrailBrampton, ONL6W 4K2 |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------|

| 3. | The Landlord and the Tenant hereby acknowledge, confirm and agree that in all other respects the terms of the Lease are to remain in full force and effect, unchanged and unmodified except in accordance with this Agreement. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Except as specifically stated in this Agreement, any expression used in this Agreement has the same meaning as the corresponding expression in the Lease. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | This Agreement shall ensure to the benefit of and be binding upon the parties hereto and their respective permitted successors and permitted assigns. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Tenant:PIONEER TRANSFORMERS LTD.  |                        |
|--------|----------------------------------------|-----------------------------|
|   |                                   |                        |   |
|   | Per:                              | /s/ James A. Wilkins        |   |
|   |                                   | Name: James A. Wilkins |   |
|   |                                   | Title: Vice-President       |   |

|   |       |                      |   |
|--------|------------|---------------------------|--------|
|   | Per:  | /s/ Raymond Haddad        |   |
|   |       | Name: Raymond Haddad |   |
|   |       | Title: Secretary          |   |

|   | I/We have authority to bind the Corporation Landlord:1713277 ONTARIO INC. |                       |
|--------|--------------------------------------------------------------------------------|----------------------------|
|   |                                                                           |                       |   |
|   | Per:                                                                      | /s/ Torrence Ernest        |   |
|   |                                                                           | Name: Torrence Ernest |   |
|   |                                                                           | Title: President           |   |
|   |                                                                           |                       |
|   | I/We have authority to bind the Corporation                                    |                       |
|   |                                                                           |                       |   |

----

| Tenant: | Pioneer Transformers Ltd. |
|---------|---------------------------|

| Landlord: | 2600 Skymark Investments Inc. |
|-----------|-------------------------------|

| Property: | 2600 Skymark Avenue |
|-----------|---------------------|

| Unit: | Bldg 5, Suite 102 |
|-------|-------------------|

| StartDate    | EndDate       | PerAnnum   | Minimum Rent Per Month | PSF    | Additional Rent 2006 |
|--------------|---------------|------------|------------------------|--------|----------------------|
|         |          |       |                   |   |                 |
| Aug. 1,2006  | July 31, 2009 | $18,995.85 | $1,582.99              | $13.50 | $11.90               |
| Aug. 1, 2009 | July 31, 2011 | $20,401.50 | $1,700.13              | $14.50 |                 |

| Lease Term:      | Five (5) years                 |           |    |
|------------------|--------------------------------|----------------|---------|
|             |                           |           |    |
| Area:            | 1,407                          | Building Area: | 120,656 |
|             |                           |           |    |
| Pro rata:        | 1.17%                          |           |    |
|             |                           |           |    |
| Renewal Option:  | N / A                          |           |    |
|             |                           |           |    |
| Deposit:         | $2,485.14                      |           |    |
|             |                           |           |    |
|             |                           |           |    |
|             |                           |           |    |
| Contact Summary  |                           |           |    |
|             |                           |           |    |
| Contact:         | Christine Dalpe                |           |    |
|             |                           |           |    |
| Mailing Address: | same as above                  |           |    |
|             |                           |           |    |
|             |                           |           |    |
|             |                           |           |    |
| Phone Number:    | 905.625.0868                   |           |    |
|             |                           |           |    |
| Fax Number:      | 905.625.6589                   |           |    |
|             |                           |           |    |
| Email:           | ______@pioneertransformers.com |           |

----

| Unit | Building 5, Suite 102 |
|------|-----------------------|

| Property | 2600 Skymark Avenue Mississauga, OntarioL4W 5B2 |
|----------|-------------------------------------------------|

| Period | January 1, 2011 to July 31, 2011 |
|--------|----------------------------------|

| Minimum Rent    |   | $ | 1 700.13 |   |
|-----------------|--------|---|----------|--------|
| Additional Rent |   | $ | 1 485.40 |   |
|            |   | $ | 3 185.53 |   |
| HST (13%)       |   | $ | 414.12   |   |
| Total           |   | $ | 3 599.65 |   |