**CONSULTANCY      AGREEMENT**

| 1. | Functions:                Operational and strategic consultant to SES                SA. |
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| 2. | Commencement                of the contract:                October 1, 2006. |
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| 3. | Missions: |
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| 4. | Place                of work:                SES and where necessary. |
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| 5. | Length:                at                least 40h/week of an experienced and high photo-voltaic technical                level                consultant will be contributed to                SES. |
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| 6. | Working                hours:                free, time sheet to fill out once a week (the list of missions defined                by                general management of SES to be                respected). |
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| 7. | Insurances:                not included, to be subscribed by                Flannel. |
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| 8. | Pension                fund:                SES participation shall be defined at latest after 3 months of                activity.  |
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| 9. | Remuneration: |
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|   | Base                  salary:         | CHF                  20’000/month, before taxes, payable monthly, the social security charges                  to be paid by Flannel Sàrl.                                                                                                                                                              |
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|   | Supplementary                  Bonus: | shall                  be decided by the Board of Directors of SES, within 6 months after                  the end                  of the fiscal year, in accordance with the overall results of SES                  and the                  contribution of Flannel Sàrl to such                  result. |

| 10. | Overtime:                not payable, unless special consent given on a case by case                basis. |
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| 11. | Direct                Expenses:                direct expenses (in relation with a project or a client) or indirect                expenses (authorized business development) shall be reimbursed within                the                month upon the presentation of evidences establishing the                expenses. |
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| 12. | Duration                of the contract: 10                years minimum; renewable with 2 months advance                notice. |
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| 13. | Indemnity                in case of early termination:                1                year of fees, before taxes, starting from the termination of the                contract,                for each year started and                terminated. |
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| 14. | Termination                for cause :                for cause in accordance with the Swiss Code of                Obligations. |
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| 15. | Non-competition:                Flannel Sàrl shall not accept to be mandated in the same area of activity                as SES during the whole period of its contractual relations with                SES. |
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| 16. | Confidentiality:                required for all the businesses and documents and vis-à-vis external                relations. |
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| 17. | Education:                if                the business allows it and if it is necessary, SES may assume the                cost of                the seminars and continuing education that will be provided                outside. |
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| 18. | Other                conditions:                Swiss Code of Obligations (contract of                mandate). |
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