Document:

SOCIETE
      D’ENERGIE SOLAIRE SA

    

    EMPLOYMENT
      CONTRACT

    

    between

    SES
      Société d’Energie Solaire SA, route de St-Julien 129, 1228
      Plan-les-Ouates,

    

    and

    

    Mr
      Daniel
      ERNE, route de Loex 176, 1233 Bernex

    

    1.
      Position :
      

    -
      Managing Director

    -
      Interim
      general manager

    

    2.
      Duration
      of contract:
      from
      October 1, 2006 to July 31, 2007

    

    3.
      Responsibilities :

    	-  	
            Manage
              SES

          

    	-  	
            Develop
              its sales / business figure and its
              margins

          

    	-  	
            Satisfy
              any legal commitment for the company

          

    	-  	
            Generate
              value for the shareholders

          

    	-  	
            Reports
              to: the Board of Directors

          

    

    	4.  	
            Place
              of work:
              SES

          

    

    	5.  	
            Work
              week:
              minimum 40 hours/week according to the legal conditions in
              effect.

          

    

    	6.  	
            Time
              schedule:
              free, time sheet by business to be filled out once per week (list of
              business activities defined with the general
              manager)

          

    

    	7.  	
            Vacation:
              5
              weeks/year

          

    

    	8.  	
            Insurances:
              Work-related and non-work related accidents and additional LAA ((Law
              governing labor/employment related accident insurance) by
              SES

          

    

    	9.  	
            Pension
              fund:
              that of SES

          

    

    	10.  	
            Compensation:

          

     

    Base
      salary: 10,000 CHF/month gross, plus a 13th
      month,
      with deduction of the legal
      social benefits.

     

    Additional
      bonus: to be decided by the SES board of directors within six
      months after
      the
      close of each fiscal year, according to the overall results of SES and the
      contribution
      of each to the good progress of business.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    	11.   	Overtime:
            unpaid, but can be taken as time off following agreement with
            general management
            but SES shall have priority.

    	 	 

    	12.
              	
             Direct
              expenses:
              Direct expenses (tied to a project or a client) or indirect expenses
              (authorized prospecting) shall be reimbursed the month following the
              monthly settlement with submittal of evidence.

          

    

    	13.
              	
             Duration
              of contract:
              10 months, at the expiration of the contract, the Board of Directors
              of
              SES shall make a decision for a new assignment within the
              company

          

    	 	 

    	14.   	Trial period:
            none

    	 	 

    	15.  
	Notice of breaking of contract or in case of financial
            layoff:
            2
            months by either party

    	 	 

    	16.  
	Confidentiality:
            required for all business and documents and towards outside
            relations

    	 	 

    	17.  
	Training:
            if the progress of the business permits or requires it, and according
            to
            needs, SES
            may absorb the cost of seminars and training that are given outside the
            company.

    	 	 

    	18.  
	Other conditions:
            Code of Swiss Obligations

    	 	 

    Read
      and
      approved

    Prepared
      in two copies in Plan les Ouates, on October 3, 2006

    

    SES
      Société d’Energnie Solaire SA

    Jean-Christophe
      Hadorn, President

    

    /unsigned/

    

    Daniel
      ERNE

    

    /unsigned/Unassociated Document

    SOCIETE
      D’ENERGIE SOLAIRE SA

    

    CONTRACT
      OF MANDATE

    

    between
      

    

    ES
      Société d’Energie Solaire SA, route de St-Julien 129, 1228
      Plan-les-Ouates,

    

    and

    

    Flannel
      Management sarl, rue de la Fontaine 2, 1204 Geneva

    

    
      	          
              1.	
              Position :
                Operational and strategic advice to SES
                SA

            

    

    

    
      	          
              2.	
              Starting
                date :
                October 1, 2006 

            

    

    

    
      	          
              3.	
              Responsibilities:

            

    

    
      	-  	
              Advise
                SES as to the progress of the business and strategic
                options

            

    

    
      	-  	
              Guide
                SES in its long-term business
                development

            

    

    
      	-  	
              Ensure
                the solar engineering projects of
                SES

            

    

    
      	-  	
              Reports
                to: the Board of Directors

            

    

    

    
      	4.  	
              Place
                of work:
                SES as needed

            

    

    

    
      	5.  	
              Work
                week:
                minimum 40 hours/week of an experienced high level technical photovoltaic
                consultant shall be assigned as a minimum to
                SES

            

    

    

    
      	6.  	
              Time
                schedule:
                free, time sheet by business to be filled out once per week (list
                of
                businesses
                defined with general management of SES, to be complied
                with)

            

    

    

    
      	7.  	
              Insurances:
                not included, to be taken out by
                Flannel

            

    

    

    
      	          
              8.	
              Pension
                fund:
                a
                contribution by SES shall be defined after 3 months of work
                latest

            

    

    

    
      	          
              9.	
              Fees:

            

    

     

    Monthly
      fees: 20,000 CHF excluding tax/month, legal social benefits to be borne by
      Flannel sarl, payable through monthly billing.

    

    Additional
      bonus: to be decided by the SES board of directors within six months after
      the
      close of each fiscal year, according to the overall results of SES and the
      contribution by Flannel sarl to this result.

    

    
      	        
              10.	
              Overtime:
                unpaid, except with a special agreement to be determined on a case
                by case
                basis. 

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	        
              11.	
              Direct
                expenses:
                Direct expenses (tied to a project or a client) or indirect expenses
                 (authorized
                prospecting) shall be reimbursed the month following the monthly
                settlement  with
                submittal of evidence. 

            

    

    

    
      	         12.	
              Duration
                of contract:
                10 years minimum, renewable with a 2 month
                notice.

            

    

    

    
      	        
              13.	
              Indemnities
                in case of early cancellation:
                1
                year of fees for
                each year cancelled.

            

    

    

    
      	        
              14.	
              Notice
                of breaking of contract:
                just motives, according to CO.

            

    

    

    
      	        
              15.	
              Non-competing
                clause:
                Flannel sarl shall not accept mandates pertaining to the same  field
                in which SES is active for the full duration of the contractual relations
                with SES.

            

    

    

    
      	        
              16.	
              Confidentiality:
                required for all business and documents and towards outside
                relations

            

    

    

    
      	        
              17.	
              Training:
                if the progress of the business permits or requires it, and according
                to
                needs,  SES
                may absorb the cost of seminars and training that are given outside
                the
                company.

            

    

    

    
      	        
              18.	
              Other
                conditions:
                Code of Swiss Obligations (mandate)

            

    

    

    Read
      and
      approved

    Prepared
      in two copies in Plan les Ouates, on October 3, 2006

    

    SES
      Société d’Energnie Solaire SA

    Jean-Christophe
      Hadorn, President

    

    /unsigned/

    

    Flannel
      Management sarl

    /unsigned/Banque
        Cantonale de Genève

       

      CONSTRUCTION
        CREDIT CONTRACT

       

      BCGE
        SIMPLISSIMMO

       

      Between

       

      SES
        Société d’Energie Solaire SA route de Saint-Julien 129, 1228
        Plan-les-Ouates

       

      
        	
                Joint
                  commitment :

              	
                In
                  case of several debtors, they shall be jointly liable, in accordance
                  with
                  art. 143ss CO.

              
	
                (hereinafter
                  the debtor(s))

              	 
	
                and
                  

              	 
	
                Banque
                  Cantonale de Genève,
                  Quai
                  de l’Ile 17, 1204 Geneva

              	 
	
                (hereinafter,
                  the bank)

              	 
	
                Purpose :

              	
                Financing
                  of the construction of a trades building located at chemin du
                  Champ-des-Filles 36, Plan-les-Ouates.

              
	
                Limit:

              	
                CHF
                  4,800,000 (Swiss francs - four million eight hundred
                  thousand)

              
	
                Use:

              	
                In
                  a current account for which the number will be communicated later
                  to the
                  debtor(s).

              
	
                Interest
                  rate:

              	
                3.250%
                  per year, for the credit limit, variable at any given time, according
                  to
                  market conditions.

              
	
                Commission:

              	
                0.250%
                  per trimester, calculated on the highest debt balance during the
                  period.

              
	
                Billing:

              	
                Interests,
                  commissions and expenses shall be calculated and entered into the
                  account
                  for each trimester.

              
	
                Case
                  expenses:

              	
                CHF
                  5,000.00 to be debited from the abovementioned current
                  account.

              
	
                Securities:

              	
                Fiduciary
                  assignment for the full property by the debtor(s) of a mortgage
                  note to
                  bearer of CHF 4,800,000, 1st
                  rank, without contest, on the distinct and permanent surface right
                  entered
                  on sheet 6786, granted for parcel no. 6708 of the town of Plan-les-Ouates,
                  according to the fiduciary assignment of property for surety purposes,
                  as
                  attached.

              
	 	
                The
                  debtor(s) to this contract expressly recognize(s) that they are
                  jointly
                  liable for the mortgage note, assigned in trust to the bank as
                  security
                  for the loan granted. Assignment by the debtor(s) in favor of the
                  bank of
                  the income produced by leasing the financed building, according
                  to the
                  attached lease assignment.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                Deadline:

              	
                At
                  the end of construction, but the latest on 6/30/2008, the bank
                  shall
                  examine on the basis of an export report and statement of end of
                  work, the
                  possible consolidation of this credit by making available financing
                  secured by mortgage notes.

              
	 	
                In
                  spite of the fixed deadline, this credit can be revoked at any
                  time, by
                  either one of the parties, in accordance with our general
                  conditions.

              
	
                Other
                  conditions:

              	
                For
                  the full duration of the works, the building under construction
                  shall be
                  sufficiently and constantly insured against fire and water damage
                  with a
                  company having its headquarters in Switzerland. The insurance shall
                  also
                  cover the civil liability risks. As such, the debtor(s) shall submit
                  a
                  copy of the progressive fire insurance policy covering the work
                  site. We
                  must be notified of any amendment to the contract or any delay
                  in payment
                  of a premium on the due date.

              
	 	
                The
                  amount of this credit is determined on the basis of a provisional
                  financing plan, of which a final copy must be submitted to the
                  bank,
                  stating a total cost of CHF 10,680,000. Owner’s equity/own funds shall be
                  for CHF 5,880,000 to be paid as a first entry into the current
                  account or
                  to be justified prior to using the financing.

              
	 	
                If
                  the project should undergo technical or financial modifications,
                  the Karl
                  Steiner SA company and the debtor(s) shall inform the bank as soon
                  as
                  possible.

              
	
                Miscellaneous:

              	
                The
                  amount of this credit shall certainly not be released if the construction
                  permit does not go into definitive effect, of which a copy shall
                  be
                  submitted to the bank.

              
	
                Release
                  of the funds:

              	
                This
                  credit shall be used as the works progress, by means of transfer
                  orders
                  established and signed by the debtor(s) in favor of Karl Steiner
                  SA, in
                  accordance with the general construction contract that the debtor(s)
                  shall
                  remit to the bank, in accordance with the project that has been
                  submitted
                  to it.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                Other
                  contractual bases:

              	
                For
                  the rest, this contract is governed by the documents attached that
                  form an
                  integral part thereof and are to be returned to the bank duly dated
                  and
                  signed:

              
	 	
                -
                  duplicate of this contract;

              
	 	
                -
                  general conditions;

              
	 	
                -
                  special conditions applicable to the business
                  guaranteed

              
	 	
                by
                  the building;

              
	 	
                -
                  fiduciary assignment of the property for security

              
	 	
                purposes;

              
	 	
                -
                  construction credit opening document;

              
	 	
                -
                  assignment of rents.

              
	
                Other
                  documents to be remitted to the bank:

              	
                -
                  copy of the final financial plan

              
	 	
                -
                  copy of the signed overall construction contract, with its
                  attachments

              
	 	
                -
                  copy of the fire insurance

              
	
                Other
                  provisions:

              	
                This
                  financing shall only be used after the valid putting in place of
                  the
                  securities required and compliance with all of the above
                  points.

              
	 	
                During
                  the release of the credit, the bank shall withdraw expenses for
                  the
                  administrative formalities that arise out of it.

              
	
                Acceptance
                  date:

              	
                To
                  go into effect, this contract must be returned to the bank signed
                  by
                  12/22/2006.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      The
        undersigned party or parties acknowledges/acknowledge that they have taken
        notice of all pages of this document, as well as of the general conditions
        of
        the bank, and state(s) that it/they accept all of the contractual conditions
        stated therein.

       

      Geneva,
        11/23/2006

       

      Banque
        Cantonale de Genève The
        debtor(s)

       

      
        	
                /signed/

              	
                /signed/

              	
                /signed/

              
	
                Luca
                  Zuchetti

              	
                Didier
                  Dupont

              	
                SES
                  Société d’Energie Solaire SA

              
	
                Manager

              	
                Manager

              	
                Plan-les-Ouates,
                  12/20/06

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