Document:

REGISTRATION
      RIGHTS AGREEMENT

     

    REGISTRATION
      RIGHTS AGREEMENT
      (this
      "Agreement"),
      dated
      as of June 18, 2007, by and among Composite Technology Corporation, a Nevada
      corporation (the "Company"),
      and
      the undersigned buyers (each, a "Buyer",
      and
      collectively, the "Buyers").

     

    WHEREAS:

     

    A. In
      connection with the Securities Purchase Agreement by and among the parties
      hereto dated June 18, 2007 (the "Securities
      Purchase Agreement"),
      the
      Company, has agreed, upon the terms and subject to the conditions set forth
      in
      the Securities Purchase Agreement, to issue and sell to each Buyer Units (the
      “Units”)
      of the
      Company with each Unit comprised of one share of the Company’s common stock, par
      value $0.001 per share (the “Common
      Stock”),
      and
      1/4th
      of a
      warrant (the “Warrants”)
      to
      purchase one share of Common Stock (as exercised, collectively, the
“Warrant
      Shares”).

     

    B. To
      induce
      the Buyers to execute and deliver the Securities Purchase Agreement, the Company
      has agreed to provide certain registration rights under the Securities Act
      of
      1933, as amended, and the rules and regulations thereunder, or any similar
      successor statute (collectively, the "1933
      Act"),
      and
      applicable state securities laws.

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants contained herein and
      other good and valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, the Company and each of the Buyers hereby agree as
      follows:

     

    1. Definitions.
      

     

    Capitalized
      terms used herein and not otherwise defined herein shall have the respective
      meanings set forth in the Securities Purchase Agreement. As used in this
      Agreement, the following terms shall have the following meanings:

     

    a. "Business
      Day"
      means
      any day other than Saturday, Sunday or any other day on which commercial banks
      in the City of New York are authorized or required by law to remain
      closed.

     

    b. "Closing
      Date"
      shall
      have the meaning set forth in the Securities Purchase Agreement.

     

    c. "Effective
      Date"
      means
      the date the Registration Statement has been declared effective by the
      SEC.

     

    d. "Effectiveness
      Deadline"
      means,
      with respect to the First Registration Statement, the date which is 90 days
      after the Filing Deadline of the First Registration Statement, or if there
      is a
      review of such Registration Statement by the SEC, 120 days after the Filing
      Deadline of the First Registration Statement; and, with respect to the Second
      Registration Statement, the date which is 90 days after the Filing Deadline
      of
      the Second Registration Statement, or if there is a review of such Registration
      Statement by the SEC, 120 days after the Filing Deadline of the Second
      Registration Statement;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    e. “Eligible
      Market”
means
      the Principal Market, The New York Stock Exchange, Inc., the American Stock
      Exchange, the Nasdaq National Market or The Nasdaq Capital Market. 

     

    f. "Filing
      Date"
      means
      the date the applicable Registration Statement has been filed with the SEC.
      

     

    g. "Filing
      Deadline"
      means,
      with respect to the First Registration Statement, 30 Business Days after the
      date hereof; and with respect to the Second Registration Statement, no more
      than
      15 Business Days after the First Registration Statement has been declared
      effective.

     

    h. "Investor"
      means a
      Buyer or any transferee or assignee thereof to whom a Buyer assigns its rights
      under this Agreement and who agrees to become bound by the provisions of this
      Agreement in accordance with Section 9 and any transferee or assignee thereof
      to
      whom a transferee or assignee assigns its rights under this Agreement and who
      agrees to become bound by the provisions of this Agreement in accordance with
      Section 9.

     

    i. "Person"
      means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization and a government or any
      department or agency thereof.

     

    j. “Principal
      Market”
means
      the OTC Bulletin Board.

     

    k. "register,"
      "registered,"
      and
      "registration"
      refer
      to a registration effected by preparing and filing one or more Registration
      Statements (as defined below) in compliance with the 1933 Act and pursuant
      to
      Rule 415 and the declaration or ordering of effectiveness of such Registration
      Statement(s) by the SEC.

     

    l. "Registrable
      Securities"
      means
      (i) the Common Stock, (ii) the Warrant Shares issued or issuable upon
      exercise of the Warrants, and (iii) any shares of capital stock of the Company
      issued or issuable with respect to the Warrant Shares and the Warrants as a
      result of any stock split, stock dividend, recapitalization, exchange or similar
      event or otherwise, without regard to any limitations on exercises of the
      Warrants.

     

    m. "Registration
      Statement"
      means a
      registration statement or registration statements of the Company filed under
      the
      1933 Act covering the Registrable Securities.

     

    n. "Required
      Holders"
      means
      the holders of at least a majority of the Registrable Securities.

     

    
      
         

      

      
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    o. "Required
      Registration Amount"
      for the
      Registration Statement means the sum of (i) 100% of the number of Common Stock
      as of the trading day immediately preceding the applicable date of
      determination, and (ii) 100% the number of Warrant Shares issued and issuable
      pursuant to the Warrants as of the trading day immediately preceding the
      applicable date of determination, all subject to adjustment as provided in
      Section 2(b), without regard to any limitations on exercise of the Warrants;
      provided, however, that the 100% of the number of Warrant Shares shall be
      reduced to the extent necessary in the event the SEC will not declare the
      Registration Statement effective without such reduction.

     

    p."Rule
      415"
      means
      Rule 415 under the 1933 Act or any successor rule providing for offering
      securities on a continuous or delayed basis.

     

    q. "SEC"
      means
      the United States Securities and Exchange Commission.

     

    2. Registration.

     

    a. Mandatory
      Registration.
      

     

    (i)
      First Registration Statement.
      The
      Company shall prepare, and, as soon as practicable but in no event later than
      the Filing Deadline, file with the SEC a Registration Statement on Form S-1
      or
      Form S-3 covering the resale of all of the Registrable Securities (excluding
      the
      Warrant Shares), all of which shall constitute Common Stock (“First
      Registration Statement”).
      In
      the event that Form S-1 or Form S-3 is unavailable for such a registration,
      the
      Company shall use such other form as is available for such a registration on
      another appropriate form reasonably acceptable to the Required Holders, subject
      to the provisions of Section 2(d).

     

    (ii)
      Second
      Registration Statement.
      Promptly after the First Registration Statement has been declared effective
      by
      the Securities and Exchange Commission, the Company shall prepare, and, as
      soon
      as practicable but in no event later than the Filing Deadline, file with the
      SEC
      the Registration Statement on Form S-1 or Form S-3 covering the resale of the
      Warrant Shares and the balance of the Required Registration Amount, if any.
      In
      the event that Form S-1 or Form S-3 is unavailable for such a registration,
      the
      Company shall use such other form as is available for such a registration on
      another appropriate form reasonably acceptable to the Required Holders, subject
      to the provisions of Section 2(d). 

     

    (iii)
      Both Registration Statements shall contain (except if otherwise directed by
      the
      Required Holders) the “Plan
      of Distribution”
section
      in substantially the form attached hereto as Exhibit
      A.
      The
      Company shall use its best efforts to have the Registration Statement declared
      effective by the SEC as soon as practicable, but in no event later than sooner
      of the Effectiveness Deadline or within three (3) Business Days of receipt
      by
      the Company of a written or oral communication from the SEC that the
      Registration Statement will not be reviewed or that the SEC has no further
      comments. The Company shall cause such Registration Statements to remain
      effective during the Registration Period. 

     

    
      
         

      

      
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    b. Sufficient
      Number of Shares Registered.
      In the
      event the number of shares available under a Registration Statement filed
      pursuant to Section 2(a) is insufficient to cover all of the Registrable
      Securities required under Section 2(a)(ii) to be covered by such Registration
      Statement, the Company shall amend the applicable Registration Statement, or
      file a new Registration Statement, or both, so as to cover at least the Required
      Registration Amount as of the trading day immediately preceding the date of
      the
      filing of such amendment or new Registration Statement, in each case, as soon
      as
      practicable, but in any event not later than thirty (30) days after the
      necessity therefor arises. The Company shall use its best efforts to cause
      such
      amendment and/or new Registration Statement to become effective as soon as
      practicable following the filing thereof, but no later than three (3) Business
      Days of receipt by the Company of a written or oral communication from the
      SEC
      that such Registration Statement will not be reviewed or that the SEC has no
      further comments. For purposes of the foregoing provision, the number of shares
      available under a Registration Statement shall be deemed “insufficient to cover
      all of the Registrable Securities” if at any time the number of shares of Common
      Stock available for resale under the Registration Statement is less than the
      Required Registration Amount. 

     

    c. Effect
      of Failure to File and Obtain and Maintain Effectiveness of Registration
      Statement.
      If (i)
      a Registration Statement covering all of the Registrable Securities required
      to
      be covered thereby (as determined on the date of this Agreement) and required
      to
      be filed by the Company pursuant to Section 2(a) or (b) of this Agreement is
      (A)
      not filed with the SEC on or before the Filing Deadline (a "Filing
      Failure")
      or (B)
      not declared effective by the SEC on or before the earlier of (x) the
      Effectiveness Deadline or (y) three (3) Business Days of receipt by the Company
      of a written or oral communication from the SEC that the Registration Statement
      will not be reviewed or that the SEC has no further comments (an "Effectiveness
      Failure")
      or (C)
      the Company does not file a request for acceleration of effectiveness of such
      Registration Statement to a time and date not later than 48 hours after the
      submission of such request within two (2) Business Days after the Company learns
      that no review of a particular Registration Statement will be made by the staff
      of the SEC or that the staff has no further comments on a particular
      Registration Statement and the National Association of Securities Dealers,
      Inc.
      (the “NASD”)
      shall
      have cleared such Registration Statement pursuant to the Rule 2710 of the NASD,
      (ii) on any day after the Effective Date and before the Termination Date, sales
      of all of the Registrable Securities required to be included on such
      Registration Statement cannot be made (other than during a Grace Period (as
      defined in Section 3(l)) pursuant to such Registration Statement (including,
      without limitation, because of a failure to keep such Registration Statement
      effective, to disclose such information as is necessary for sales to be made
      pursuant to such Registration Statement or to register a sufficient number
      of
      shares of Common Stock) (a "Maintenance
      Failure")
      then,
      as partial relief for the damages to any holder by reason of any such delay
      in
      or reduction of its ability to sell the underlying shares of Common Stock (which
      remedy shall not be exclusive of any other remedies available at law or in
      equity), the Company shall pay to each holder of Registrable Securities relating
      to such Registration Statement an amount in cash equal to one percent (1.0%)
      of
      the Purchase Amount of such Investor's unregistered Registrable Securities
      (“Purchase Amount”), the Registrable Securities attributable to which are
      required to be included in such Registration Statement on each of the following
      dates: (i) the day of a Filing Failure and on every thirtieth day after a Filing
      Failure until such Filing Failure is cured; (ii) the day of an Effectiveness
      Failure and on every thirtieth day after an Effectiveness Failure until such
      Effectiveness Failure is cured; and (iii) the initial day of a Maintenance
      Failure and on every thirtieth day (or partial period) after a Maintenance
      Failure until such Maintenance Failure is cured; provided,
      however,
      the
      aggregate amount of Registration Delay Payments shall not exceed twelve percent
      (12%) of such Purchase Amount; provided,
      further,
      that
      amounts payable as Registration Delay Payments shall cease when the Investor
      no
      longer holds any Common Stock and Warrants or in the event the Investor’s Common
      Stock or Warrant Shares can be immediately sold by the Investor in reliance
      on
      Rule 144(k) without any volume restrictions and the Company has removed legends
      restricting resale from the Warrant Shares and the Common Stock.
      The
      payments to which a holder shall be entitled pursuant to this Section 2(c)
      are
      referred to herein as "Registration
      Delay Payments."
      

     

    
      
         

      

      
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    d. Piggyback
      Registration.
      After
      the date hereof, if the Company proposes to register (including for this purpose
      a registration statement effected by the Company for stockholders ) any of
      its
      stock or other securities under the 1933 Act (other than a registration relating
      solely to the sale of securities to participants in a Company employee stock
      or
      similar plan on Form S-8 and an exchange registration on Form S-4), the Company
      shall, at such time, promptly give each holder of Registrable Securities written
      notice of such registration. Upon the written request of each holder of
      Registrable Securities given within twenty (20) days after mailing of such
      notice by the Company, the Company shall, cause in such registration to be
      registered under the 1933 Act all of the Registrable Securities that each such
      holder has requested to be registered. 

     

    3. Related
      Obligations.

     

    At
      such
      time as the Company is obligated to file a Registration Statement with the
      SEC
      pursuant to Section 2(a), the Company will use its best efforts to effect the
      registration of the Registrable Securities in accordance with the intended
      method of disposition thereof and, pursuant thereto, the Company shall have
      the
      following obligations:

     

    a. The
      Company shall submit to the SEC, within two (2) Business Days after the Company
      learns that no review of a particular Registration Statement will be made by
      the
      staff of the SEC or that the staff has no further comments on a particular
      Registration Statement, as the case may be, a request for acceleration of
      effectiveness of such Registration Statement to a time and date not later than
      48 hours after the submission of such request. The Company shall keep each
      Registration Statement effective pursuant to Rule 415 at all times until the
      earlier of (i) the date as of which the Investors may sell all of the
      Registrable Securities covered by such Registration Statement without
      restriction pursuant to Rule 144(k) (or any successor thereto) promulgated
      under
      the 1933 Act or (ii) the date on which the Investors shall have sold all of
      the
      Registrable Securities covered by such Registration Statement (the "Registration
      Period").
      The
      Company shall ensure that each Registration Statement (including any amendments
      or supplements thereto and prospectuses contained therein) shall not contain
      any
      untrue statement of a material fact or omit to state a material fact required
      to
      be stated therein, or necessary to make the statements therein (in the case
      of
      prospectuses, in the light of the circumstances in which they were made) not
      misleading.

     

    b. The
      Company shall prepare and file (electronically on EDGAR) with the SEC such
      amendments (including post-effective amendments) and supplements to a
      Registration Statement and the prospectus used in connection with such
      Registration Statement, which prospectus is to be filed pursuant to Rule 424
      promulgated under the 1933 Act, as may be necessary to keep such Registration
      Statement effective at all times during the Registration Period, and, during
      such period, comply with the provisions of the 1933 Act with respect to the
      disposition of all Registrable Securities of the Company covered by such
      Registration Statement until such time as all of such Registrable Securities
      shall have been disposed of in accordance with the intended methods of
      disposition by the seller or sellers thereof as set forth in such Registration
      Statement. 

     

    
      
         

      

      
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    c. Provide
      copies to and permit counsel designated by the Investors to review each
      Registration Statement and all amendments and supplements thereto prior to
      their
      filing with the SEC and not file any document to which such counsel reasonably
      objects.

     

    d. Upon
      reasonable request, the Company shall furnish to the Investors and their legal
      counsel, without charge, (i) copies of any correspondence from the SEC or the
      staff of the SEC to the Company or its representatives relating to any
      Registration Statement, (ii) promptly after the same is prepared and filed
      with
      the SEC, one copy of any Registration Statement and any amendment(s) thereto,
      including financial statements and schedules, all documents incorporated therein
      by reference, if requested by an Investor, and all exhibits and (iii) upon
      the
      effectiveness of any Registration Statement, one copy of the prospectus included
      in such Registration Statement and all amendments and supplements thereto.
      

     

    e. Upon
      request, the Company shall furnish to each Investor whose Registrable Securities
      are included in any Registration Statement, without charge, (i) promptly after
      the same is prepared and filed with the SEC, at least one copy of such
      Registration Statement and any amendment(s) thereto, including financial
      statements and schedules, all documents incorporated therein by reference,
      if
      requested by an Investor, all exhibits and each preliminary prospectus, (ii)
      upon the effectiveness of any Registration Statement, ten (10) copies of the
      prospectus included in such Registration Statement and all amendments and
      supplements thereto (or such other number of copies as such Investor may
      reasonably request) and (iii) such other documents, including copies of any
      preliminary or final prospectus, as such Investor may reasonably request from
      time to time in order to facilitate the disposition of the Registrable
      Securities owned by such Investor.

     

    f. The
      Company shall notify each Investor in writing of the happening of any event,
      as
      promptly as practicable after becoming aware of such event, as a result of
      which
      the prospectus included in a Registration Statement, as then in effect, includes
      an untrue statement of a material fact or omission to state a material fact
      required to be stated therein or necessary to make the statements therein,
      in
      the light of the circumstances under which they were made, not misleading
      (provided that in no event shall such notice contain any material, nonpublic
      information), and, promptly prepare a supplement or amendment to such
      Registration Statement to correct such untrue statement or omission.

     

    g. The
      Company shall use its best efforts to prevent the issuance of any stop order
      or
      other suspension of effectiveness of a Registration Statement, or the suspension
      of the qualification of any of the Registrable Securities for sale in any
      jurisdiction and, if such an order or suspension is issued, to obtain the
      withdrawal of such order or suspension at the earliest possible moment and
      to
      notify each Investor who holds Registrable Securities being sold of the issuance
      of such order and the resolution thereof or its receipt of actual notice of
      the
      initiation or threat of any proceeding for such purpose. The Company shall
      notify each Investor of a pending proceeding against the Company under Section
      8A of the Securities Act in connection with the offering of the Registrable
      Securities.

     

    
      
         

      

      
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    h. The
      Company shall use its best efforts to maintain the authorization for quotation
      of the Company's Common Stock on the Principal Market or any Eligible
      Market.

     

    i. The
      Company shall cooperate with the Investors who hold Registrable Securities
      being
      offered and, to the extent applicable, facilitate the timely preparation and
      delivery of certificates (not bearing any restrictive legend) representing
      the
      Registrable Securities to be offered pursuant to a Registration Statement and
      enable such certificates to be in such denominations or amounts, as the case
      may
      be, as the Investors may reasonably request and registered in such names as
      the
      Investors may request.

     

    j. The
      Company shall use its best efforts to cause the Registrable Securities covered
      by a Registration Statement to be registered with or approved by such other
      governmental agencies or authorities as may be necessary to consummate the
      disposition of such Registrable Securities.

     

    k. The
      Company shall otherwise use its best efforts to comply with all applicable
      rules
      and regulations of the SEC in connection with any registration
      hereunder.

     

    l. Notwithstanding
      anything to the contrary herein, at any time after the Effective Date, for
      not
      more than twenty (20) consecutive days or for a total of not more than
      forty-five (45) days in any twelve (12) month period, the Company may delay
      the
      disclosure of material, non-public information concerning the Company (A) the
      disclosure of which at the time is not, in the good faith opinion of the Board
      of Directors of the Company and its outside legal counsel, in the best interest
      of the Company and, in the opinion of counsel to the Company, otherwise required
      or (B) to the extent the Company is required to file a post-effective amendment
      to the Registration Statement (a "Grace
      Period");
      provided, that the Company shall promptly (a) notify the Investors in writing
      of
      the existence of (but in no event, without the prior written consent of a
      Investor, shall the Company disclose to such Investor any of the facts or
      circumstances regarding) material non-public information giving rise to a Grace
      Period, (b) advise the Investors in writing to cease all sales under the
      Registration Statement until the end of the Grace Period and (c) use
      commercially reasonable efforts to terminate a Grace Period as promptly as
      practicable.

     

    4. Obligations
      of the Investors.

     

    a. At
      least
      four (4) Business Days prior to the first anticipated filing date of a
      Registration Statement, the Company shall notify each Investor in writing of
      the
      information the Company requires from each such Investor if such Investor elects
      to have any of such Investor's Registrable Securities included in such
      Registration Statement. It shall be a condition precedent to the obligations
      of
      the Company to complete the registration pursuant to this Agreement with respect
      to the Registrable Securities of a particular Investor that such Investor shall
      furnish to the Company such information regarding itself, the Registrable
      Securities held by it and the intended method of disposition of the Registrable
      Securities held by it as shall be reasonably required to effect the
      effectiveness of the registration of such Registrable Securities and shall
      execute such documents in connection with such registration as the Company
      may
      reasonably request. 

     

    
      
         

      

      
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    b. Each
      Investor, by such Investor's acceptance of the Registrable Securities, agrees
      to
      cooperate with the Company as reasonably requested by the Company in connection
      with the preparation and filing of any Registration Statement hereunder, unless
      such Investor has notified the Company in writing of such Investor's election
      to
      exclude all of such Investor's Registrable Securities from such Registration
      Statement.

     

    c. Each
      Investor agrees that, upon receipt of any notice from the Company of the
      happening of any event of the kind described in Section 3(f) or 3(g), such
      Investor will immediately discontinue disposition of Registrable Securities
      pursuant to any Registration Statement(s) covering such Registrable Securities
      until such Investor's receipt of the copies of the supplemented or amended
      prospectus or receipt of notice that no supplement or amendment is required.
      

     

    d. Each
      Investor covenants and agrees that it will comply with the prospectus delivery
      requirements of the 1933 Act as applicable to it or an exemption therefrom
      in
      connection with sales of Registrable
      Securities pursuant to the Registration Statement.

     

    5. Expenses
      of Registration.

     

    All
      reasonable expenses, other than underwriting discounts and commissions, incurred
      in connection with registrations, filings or qualifications pursuant to Sections
      2 and 3, including, without limitation, all registration, listing and
      qualifications fees, printers and accounting fees, and fees and disbursements
      of
      legal counsel for the Company. 

     

    
      
         

      

      
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    6. Indemnification.

     

    In
      the
      event any Registrable Securities are included in a Registration Statement under
      this Agreement:

     

    a. To
      the
      fullest extent permitted by law, the Company will, and hereby does, indemnify,
      hold harmless and defend each Investor, the directors, officers, members,
      partners, employees, agents, representatives of, and each Person, if any, who
      controls any Investor within the meaning of the 1933 Act or the 1934 Act (each,
      an "Indemnified
      Person"),
      against any losses, claims, damages, liabilities, judgments, fines, penalties,
      charges, costs, reasonable attorneys' fees, amounts paid in settlement or
      expenses, joint or several, (collectively, "Claims")
      incurred in investigating, preparing or defending any action, claim, suit,
      inquiry, proceeding, investigation or appeal taken from the foregoing by or
      before any court or governmental, administrative or other regulatory agency,
      body or the SEC, whether pending or threatened, whether or not an indemnified
      party is or may be a party thereto ("Indemnified
      Damages"),
      to
      which any of them may become subject insofar as such Claims (or actions or
      proceedings, whether commenced or threatened, in respect thereof) arise out
      of
      or are based upon: (i) any untrue statement or alleged untrue statement of
      a
      material fact in a Registration Statement or any post-effective amendment
      thereto or in any filing made in connection with the qualification of the
      offering under the securities or other "blue sky" laws of any jurisdiction
      in
      which Registrable Securities are offered ("Blue
      Sky Filing"),
      or
      the omission or alleged omission to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading, (ii) any
      untrue statement or alleged untrue statement of a material fact contained in
      any
      preliminary prospectus if used prior to the effective date of such Registration
      Statement, or contained in the final prospectus (as amended or supplemented,
      if
      the Company files any amendment thereof or supplement thereto with the SEC)
      or
      the omission or alleged omission to state therein any material fact necessary
      to
      make the statements made therein, in the light of the circumstances under which
      the statements therein were made, not misleading, (iii) any violation or alleged
      violation by the Company of the 1933 Act, the 1934 Act, any other law,
      including, without limitation, any state securities law, or any rule or
      regulation thereunder relating to the offer or sale of the Registrable
      Securities pursuant to a Registration Statement or (iv) any violation of this
      Agreement (the matters in the foregoing clauses (i) through (iv) being,
      collectively, "Violations").
      Subject to Section 6(c), the Company shall reimburse the Indemnified Persons,
      promptly as such expenses are incurred and are due and payable, for any legal
      fees or other reasonable expenses incurred by them in connection with
      investigating or defending any such Claim. Notwithstanding anything to the
      contrary contained herein, the indemnification agreement contained in this
      Section 6(a): (i) shall not apply to a Claim by an Indemnified Person arising
      out of or based upon a Violation which occurs in reliance upon and in conformity
      with information furnished in writing to the Company by such Indemnified Person
      for such Indemnified Person expressly for use in connection with the preparation
      of the Registration Statement or any such amendment thereof or supplement
      thereto, if such prospectus was timely made available by the Company pursuant
      to
      Section 3(e) and (ii) shall not apply to amounts paid in settlement of any
      Claim
      if such settlement is effected without the prior written consent of the Company,
      which consent shall not be unreasonably withheld or delayed. Such indemnity
      shall remain in full force and effect regardless of any investigation made
      by or
      on behalf of the Indemnified Person and shall survive the transfer of the
      Registrable Securities by the Investors pursuant to Section 9.

     

    b. In
      connection with any Registration Statement in which an Investor is
      participating, each such Investor agrees to severally and not jointly indemnify,
      hold harmless and defend, to the same extent and in the same manner as is set
      forth in Section 6(a), the Company, each of its directors, each of its officers
      who signs the Registration Statement and each Person, if any, who controls
      the
      Company within the meaning of the 1933 Act or the 1934 Act (each, an
      "Indemnified
      Party"),
      against any Claim or Indemnified Damages to which any of them may become
      subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim
      or
      Indemnified Damages arise out of or are based upon any Violation, in each case
      to the extent, and only to the extent, that such Violation occurs in reliance
      upon and in conformity with written information furnished to the Company by
      such
      Investor expressly for use in connection with such Registration Statement;
      and,
      subject to Section 6(c), such Investor will reimburse any legal or other
      expenses reasonably incurred by an Indemnified Party in connection with
      investigating or defending any such Claim; provided, however, that the indemnity
      agreement contained in this Section 6(b) and the agreement with respect to
      contribution contained in Section 7 shall not apply to amounts paid in
      settlement of any Claim if such settlement is effected without the prior written
      consent of such Investor, which consent shall not be unreasonably withheld
      or
      delayed; provided, further, however, that the Investor shall be liable under
      this Section 6(b) for only that amount of a Claim or Indemnified Damages as
      does
      not exceed the gross proceeds to such Investor as a result of the sale of
      Registrable Securities pursuant to such Registration Statement. Such indemnity
      shall remain in full force and effect regardless of any investigation made
      by or
      on behalf of such Indemnified Party and shall survive the transfer of the
      Registrable Securities by the Investors pursuant to Section 9. Notwithstanding
      anything to the contrary contained herein, the indemnification agreement
      contained in this Section 6(b) with respect to any preliminary prospectus shall
      not inure to the benefit of any Indemnified Party if the untrue statement or
      omission of material fact contained in the preliminary prospectus was corrected
      on a timely basis in the prospectus, as then amended or
      supplemented.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    c. Promptly
      after receipt by an Indemnified Person or Indemnified Party under this Section
      6
      of notice of the commencement of any action or proceeding (including any
      governmental action or proceeding) involving a Claim, such Indemnified Person
      or
      Indemnified Party shall, if a Claim in respect thereof is to be made against
      any
      indemnifying party under this Section 6, deliver to the indemnifying party
      a
      written notice of the commencement thereof, and the indemnifying party shall
      have the right to participate in, and, to the extent the indemnifying party
      so
      desires, jointly with any other indemnifying party similarly noticed, to assume
      control of the defense thereof with counsel mutually satisfactory to the
      indemnifying party and the Indemnified Person or the Indemnified Party, as
      the
      case may be; provided, however, that an Indemnified Person or Indemnified Party
      shall have the right to retain its own legal counsel at the expense of such
      Indemnified Person or Indemnified Party. The Indemnified Party or Indemnified
      Person shall cooperate fully with the indemnifying party in connection with
      any
      negotiation or defense of any such action or Claim by the indemnifying party
      and
      shall furnish to the indemnifying party all information reasonably available
      to
      the Indemnified Party or Indemnified Person which relates to such action or
      Claim. The indemnifying party shall keep the Indemnified Party or Indemnified
      Person reasonably apprised at all times as to the status of the defense or
      any
      settlement negotiations with respect thereto. No indemnifying party shall be
      liable for any settlement of any action, claim or proceeding effected without
      its prior written consent, provided, however, that the indemnifying party shall
      not unreasonably withhold, delay or condition its consent. No indemnifying
      party
      shall, without the prior written consent of the Indemnified Party or Indemnified
      Person, consent to entry of any judgment or enter into any settlement or other
      compromise which does not include as an unconditional term thereof the giving
      by
      the claimant or plaintiff to such Indemnified Party or Indemnified Person of
      a
      release from all liability in respect to such Claim or litigation, and such
      settlement shall not include any admission as to fault on the part of the
      Indemnified Party. Following indemnification as provided for hereunder, the
      indemnifying party shall be subrogated to all rights of the Indemnified Party
      or
      Indemnified Person with respect to all third parties, firms or corporations
      relating to the matter for which indemnification has been made. The failure
      to
      deliver written notice to the indemnifying party within a reasonable time of
      the
      commencement of any such action shall not relieve such indemnifying party of
      any
      liability to the Indemnified Person or Indemnified Party under this Section
      6,
      except to the extent that the indemnifying party is prejudiced in its ability
      to
      defend such action.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    d. The
      indemnification required by this Section 6 shall be made by periodic payments
      of
      the amount thereof during the course of the investigation or defense, as and
      when bills are received or Indemnified Damages are incurred.

     

    e. The
      indemnity agreements contained herein shall be in addition to (i) any cause
      of
      action or similar right of the Indemnified Party or Indemnified Person against
      the indemnifying party or others, and (ii) any liabilities the indemnifying
      party may be subject to pursuant to the law.

     

    7. Contribution.

     

    To
      the
      extent any indemnification by an indemnifying party is prohibited or limited
      by
      law, the indemnifying party agrees to make the maximum contribution with respect
      to any amounts for which it would otherwise be liable under Section 6 to the
      fullest extent permitted by law; provided, however, that: (i) no Person involved
      in the sale of Registrable Securities which Person is guilty of fraudulent
      misrepresentation (within the meaning of Section 11(f) of the 1933 Act) in
      connection with such sale shall be entitled to contribution from any Person
      involved in such sale of Registrable Securities who was not guilty of fraudulent
      misrepresentation; and (ii) contribution by any seller of Registrable Securities
      shall be limited in amount to the net amount of proceeds received by such seller
      from the sale of such Registrable Securities pursuant to such Registration
      Statement.

     

    8. Reports
      Under the 1934 Act.
      

     

    With
      a
      view to making available to the Investors the benefits of Rule 144 promulgated
      under the 1933 Act or any other similar rule or regulation of the SEC that
      may
      at any time permit the Investors to sell securities of the Company to the public
      without registration ("Rule
      144"),
      the
      Company agrees to:

     

    a. make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

     

    b. file
      with
      the SEC all reports and other documents required of the Company under the 1933
      Act and the 1934 Act so long as the Company remains subject to such requirements
      and the filing of such reports and other documents is required for the
      applicable provisions of Rule 144; and

     

    c. furnish
      to each Investor so long as such Investor owns Registrable Securities, promptly
      upon request, (i) a written statement by the Company, if true, that it has
      complied with the reporting requirements of Rule 144, the 1933 Act and the
      1934
      Act, (ii) a copy of the most recent annual report of the Company and such other
      reports and documents so filed by the Company, and (iii) such other information
      as may be reasonably requested to permit the Investors to sell such securities
      pursuant to Rule 144 without registration.

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    9. Assignment
      of Registration Rights.
      

     

    Prior
      to
      the initial declaration by the SEC of the effectiveness of the applicable
      Registration Statement, the rights under this Agreement shall be automatically
      assignable by the Investors to any transferee of all or any portion of such
      Investor's Registrable Securities if: (i) the Investor agrees in writing with
      the transferee or assignee to assign such rights, and a copy of such agreement
      is furnished to the Company within a reasonable time after such assignment;
      (ii)
      the Company is, within a reasonable time after such transfer or assignment,
      furnished with written notice of (a) the name and address of such transferee
      or
      assignee, and (b) the securities with respect to which such registration rights
      are being transferred or assigned; (iii) immediately following such transfer
      or
      assignment the further disposition of such securities by the transferee or
      assignee is restricted under the 1933 Act or applicable state securities laws;
      (iv) at or before the time the Company receives the written notice contemplated
      by clause (ii) of this sentence the transferee or assignee agrees in writing
      with the Company to be bound by all of the provisions contained herein; and
      (v)
      such transfer shall have been made in accordance with the applicable
      requirements of the Securities Purchase Agreement. After the initial declaration
      by the SEC of the effectiveness of the Registration Statement that registers
      such Registrable Securities, this Agreement shall not be assignable by the
      Investors. 

     

    10. Amendment
      of Registration Rights.

     

    Provisions
      of this Agreement may be amended and the observance thereof may be waived
      (either generally or in a particular instance and either retroactively or
      prospectively), only with the written consent of the Company and the holders
      of
      a majority of outstanding common stock issued through this offering (the
“Holders”) provided that no Holder may be disproportionately adversely affected
      by such amendment or waiver without such Holder’s consent, except as a result of
      Holder holding a greater percentage of Registrable Securities. Any amendment
      or
      waiver effected in accordance with this Section 10 shall be binding upon each
      Investor and the Company. No such amendment shall be effective to the extent
      that it applies to less than all of the holders of the Registrable Securities.
      

     

    11. Miscellaneous.

     

    a. A
      Person
      is deemed to be a holder of Registrable Securities whenever such Person owns
      or
      is deemed to own of record such Registrable Securities. If the Company receives
      conflicting instructions, notices or elections from two or more Persons with
      respect to the same Registrable Securities, the Company shall act upon the
      basis
      of instructions, notice or election received from the such record owner of
      such
      Registrable Securities.

     

    b. Any
      notices, consents, waivers or other communications required or permitted to
      be
      given under the terms of this Agreement must be in writing and will be deemed
      to
      have been delivered: (i) upon receipt, when delivered personally; (ii) upon
      receipt, when sent by facsimile (provided confirmation of transmission is
      mechanically or electronically generated and kept on file by the sending party);
      or (iii) one Business Day after deposit with a nationally recognized overnight
      delivery service, in each case properly addressed to the party to receive the
      same. The addresses and facsimile numbers for such communications shall as
      set
      forth in Section 9(f) of the Securities Purchase Agreement.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    If
      to a
      Buyer, to its address and facsimile number set forth on the Schedule of Buyers
      attached hereto, with copies to such Buyer's representatives as set forth on
      the
      Schedule of Buyers, or to such other address and/or facsimile number and/or
      to
      the attention of such other Person as the recipient party has specified by
      written notice given to each other party five (5) days prior to the
      effectiveness of such change. Written confirmation of receipt (A) given by
      the
      recipient of such notice, consent, waiver or other communication, (B)
      mechanically or electronically generated by the sender's facsimile machine
      containing the time, date, recipient facsimile number and an image of the first
      page of such transmission or (C) provided by a courier or overnight courier
      service shall be rebuttable evidence of personal service, receipt by facsimile
      or receipt from a nationally recognized overnight delivery service in accordance
      with clause (i), (ii) or (iii) above, respectively.

     

    c. Failure
      of any party to exercise any right or remedy under this Agreement or otherwise,
      or delay by a party in exercising such right or remedy, shall not operate as
      a
      waiver thereof.

     

    d. This
      Agreement shall be governed by, and construed in accordance with, the internal
      laws of the State of New York without regard to the choice of law principles
      thereof. Each of the parties hereto irrevocably submits to the exclusive
      jurisdiction of the courts of the State of New York located in New York County
      and the United States District Court for the Southern District of New York
      for
      the purpose of any suit, action, proceeding or judgment relating to or arising
      out of this Agreement and the transactions contemplated hereby. Service of
      process in connection with any such suit, action or proceeding may be served
      on
      each party hereto anywhere in the world by the same methods as are specified
      for
      the giving of notices under this Agreement. Each of the parties hereto
      irrevocably consents to the jurisdiction of any such court in any such suit,
      action or proceeding and to the laying of venue in such court. Each party hereto
      irrevocably waives any objection to the laying of venue of any such suit, action
      or proceeding brought in such courts and irrevocably waives any claim that
      any
      such suit, action or proceeding brought in any such court has been brought
      in an
      inconvenient forum. EACH
      OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY
      LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN
      CONSULTED SPECIFICALLY AS TO THIS WAIVER.

     

    e. This
      Agreement, the other Transaction Documents (as defined in the Securities
      Purchase Agreement) and the instruments referenced herein and therein constitute
      the entire agreement among the parties hereto with respect to the subject matter
      hereof and thereof. There are no restrictions, promises, warranties or
      undertakings, other than those set forth or referred to herein and therein.
      This
      Agreement, the other Transaction Documents and the instruments referenced herein
      and therein supersede all prior agreements and understandings among the parties
      hereto with respect to the subject matter hereof and thereof.

     

    f. Subject
      to the requirements of Section 9, this Agreement shall inure to the benefit
      of
      and be binding upon the permitted successors and assigns of each of the parties
      hereto.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    g. The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    h. This
      Agreement may be executed in identical counterparts, each of which shall be
      deemed an original but all of which shall constitute one and the same agreement.
      This Agreement, once executed by a party, may be delivered to the other party
      hereto by facsimile transmission of a copy of this Agreement bearing the
      signature of the party so delivering this Agreement.

     

    i. Each
      party shall do and perform, or cause to be done and performed, all such further
      acts and things, and shall execute and deliver all such other agreements,
      certificates, instruments and documents, as any other party may reasonably
      request in order to carry out the intent and accomplish the purposes of this
      Agreement and the consummation of the transactions contemplated
      hereby.

     

    j. All
      consents and other determinations required to be made by the Investors pursuant
      to this Agreement shall be made, unless otherwise specified in this Agreement,
      by the Required Holders.

     

    k. The
      language used in this Agreement will be deemed to be the language chosen by
      the
      parties to express their mutual intent and no rules of strict construction
      will
      be applied against any party. 

     

    l. This
      Agreement is intended for the benefit of the parties hereto and their respective
      permitted successors and assigns, and is not for the benefit of, nor may any
      provision hereof be enforced by, any other Person. The rights of each Buyer
      under this Agreement may be transferred upon a transfer of Buyer’s Securities in
      a private resale transaction exempt from registration under Section 4(1) of
      the
      Securities Act; provided that, such transferee shall execute this Agreement
      and
      that the Company shall be relieved of any damages for failure to maintain
      effectiveness of any registration statement required to be filed in connection
      with any lapse in effectiveness of the registration statement caused by the
      filing of any post-effectiveness amendment to such registration statement filed,
      in part or in whole, to update the selling shareholder table to include such
      transferee. 

     

    m. The
      obligations of each Buyer hereunder are several and not joint with the
      obligations of any other Buyer, and no provision of this Agreement is intended
      to confer any obligations on any Buyer vis-à-vis any other Buyer. Nothing
      contained herein, and no action taken by any Buyer pursuant hereto, shall be
      deemed to constitute the Buyers as a partnership, an association, a joint
      venture or any other kind of entity, or create a presumption that the Buyers
      are
      in any way acting in concert or as a group with respect to such obligations
      or
      the transactions contemplated herein.

     

    *
      * * * *
      *

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      each
      Buyer and the Company have caused their respective signature page to this
      Registration Rights Agreement to be duly executed as of the date first written
      above.

    
      	 	 	 
	 	
              COMPANY:

            
	 	 
	 	
              COMPOSITE
                TECHNOLOGY CORPORATION

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Benton
                H Wilcoxon

              Chief
                Executive Officer

            

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      each
      Buyer and the Company have caused their respective signature page to this
      Registration Rights Agreement to be duly executed as of the date first written
      above.

    
      	 	 	 	 
	 	 	 	
              BUYERS:

            
	
            	 	 	
            
	 	 	 	 
	
            	 	 	
              

              Buyer

            
	 	 	 	 
	 	 	 	 
	
            	 	 	
              

              Signature

            
	 	 	 	 
	 	 	 	 
	 	 	 	
              

              Authorized
                Representative

            
	 	 	 	 
	 	 	 	 
	 	 	 	
              

              Title

            

    

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    

    PLAN
      OF DISTRIBUTION

     

    We
      are
      registering the shares of Common Stock and Common Stock issuable upon exercise
      of the Warrants to permit the resale of these shares of Common Stock by the
      holders of the Common Stock and warrants from time to time after the date of
      this prospectus. We will not receive any of the proceeds from the sale by the
      selling stockholders of the shares of Common Stock. We will bear all fees and
      expenses incident to our obligation to register the shares of Common
      Stock.

     

    The
      selling stockholders may sell all or a portion of the shares of Common Stock
      beneficially owned by them and offered hereby from time to time directly or
      through one or more underwriters, broker-dealers or agents. If the shares of
      Common Stock are sold through underwriters or broker-dealers, the selling
      stockholders will be responsible for underwriting discounts or commissions
      or
      agent’s commissions. The shares of Common Stock may be sold in one or more
      transactions at fixed prices, at prevailing market prices at the time of the
      sale, at varying prices determined at the time of sale, or at negotiated prices.
      These sales may be effected in transactions, which may involve crosses or block
      transactions, 

     

    
      	
            	·	
              on
                any national securities exchange or quotation service on which the
                securities may be listed or quoted at the time of
                sale;

            

    

     

    
      	
            	·	
              in
                the over-the-counter market;

            

    

     

    
      	
            	·	
              in
                transactions otherwise than on these exchanges or systems or in the
                over-the-counter market;

            

    

     

    
      	
            	·	
              through
                the writing of options, whether such options are listed on an options
                exchange or otherwise;

            

    

     

    
      	
            	·	
              ordinary
                brokerage transactions and transactions in which the broker-dealer
                solicits purchasers;

            

    

     

    
      	
            	·	
              block
                trades in which the broker-dealer will attempt to sell the shares
                as agent
                but may position and resell a portion of the block as principal to
                facilitate the transaction;

            

    

     

    
      	
            	·	
              purchases
                by a broker-dealer as principal and resale by the broker-dealer for
                its
                account;

            

    

     

    
      	
            	·	
              an
                exchange distribution in accordance with the rules of the applicable
                exchange;

            

    

     

    
      	
            	·	
              privately
                negotiated transactions;

            

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    
      	
            	·	
              short
                sales;

            

    

     

    
      	
            	·	
              sales
                pursuant to Rule 144;

            

    

     

    
      	
            	·	
              broker-dealers
                may agree with the selling stockholders to sell a specified number
                of such
                shares at a stipulated price per
                share;

            

    

     

    
      	
            	·	
              a
                combination of any such methods of sale;
                and

            

    

     

    
      	
            	·	
              any
                other method permitted pursuant to applicable
                law.

            

    

     

    If
      the
      selling stockholders effect such transactions by selling shares of Common Stock
      to or through underwriters, broker-dealers or agents, such underwriters,
      broker-dealers or agents may receive commissions in the form of discounts,
      concessions or commissions from the selling stockholders or commissions from
      purchasers of the shares of Common Stock for whom they may act as agent or
      to
      whom they may sell as principal (which discounts, concessions or commissions
      as
      to particular underwriters, broker-dealers or agents may be in excess of those
      customary in the types of transactions involved). In connection with sales
      of
      the shares of Common Stock or otherwise, the selling stockholders may enter
      into
      hedging transactions with broker-dealers, which may in turn engage in short
      sales of the shares of Common Stock in the course of hedging in positions they
      assume. The selling stockholders may also sell shares of Common Stock short
      and
      deliver shares of Common Stock covered by this prospectus to close out short
      positions and to return borrowed shares in connection with such short sales.
      The
      selling stockholders may also loan or pledge shares of Common Stock to
      broker-dealers that in turn may sell such shares. The selling stockholders
      may
      also enter into option or other transactions with broker-dealers or other
      financial institutions or the creation of one or more derivative securities
      which require the delivery to such broker-dealer or other financial institution
      of shares offered by this prospectus, which shares such broker-dealer or other
      financial institution may resell pursuant to this prospectus (as supplemented
      or
      amended to reflect such transaction). 

     

    The
      selling stockholders may pledge or grant a security interest in some or all
      of
      the Warrants or shares of Common Stock owned by them and, if they default in
      the
      performance of their secured obligations, the pledgees or secured parties may
      offer and sell the shares of Common Stock from time to time pursuant to this
      prospectus or any amendment to this prospectus under Rule 424(b)(3) or other
      applicable provision of the Securities Act of 1933, as amended, amending, if
      necessary, the list of selling stockholders to include the pledgee, transferee
      or other successors in interest as selling stockholders under this prospectus.
      The selling stockholders also may transfer and donate the shares of Common
      Stock
      in other circumstances in which case the transferees, donees, pledgees or other
      successors in interest will be the selling beneficial owners for purposes of
      this prospectus.

     

    The
      selling stockholders and any broker-dealer participating in the distribution
      of
      the shares of Common Stock may be deemed to be “underwriters” within the meaning
      of the Securities Act, and any commission paid, or any discounts or concessions
      allowed to, any such broker-dealer may be deemed to be underwriting commissions
      or discounts under the Securities Act. At the time a particular offering of
      the
      shares of Common Stock is made, a prospectus supplement, if required, will
      be
      distributed which will set forth the aggregate amount of shares of Common Stock
      being offered and the terms of the offering, including the name or names of
      any
      broker-dealers or agents, any discounts, commissions and other terms
      constituting compensation from the selling stockholders and any discounts,
      commissions or concessions allowed or reallowed or paid to
      broker-dealers.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    Under
      the
      securities laws of some states, the shares of Common Stock may be sold in such
      states only through registered or licensed brokers or dealers. In addition,
      in
      some states the shares of Common Stock may not be sold unless such shares have
      been registered or qualified for sale in such state or an exemption from
      registration or qualification is available and is complied with.

     

    There
      can
      be no assurance that any selling stockholder will sell any or all of the shares
      of Common Stock registered pursuant to the shelf registration statement, of
      which this prospectus forms a part.

     

    The
      selling stockholders and any other person participating in such distribution
      will be subject to applicable provisions of the Securities Exchange Act of
      1934,
      as amended, and the rules and regulations thereunder, including, without
      limitation, Regulation M of the Exchange Act, which may limit the timing of
      purchases and sales of any of the shares of Common Stock by the selling
      stockholders and any other participating person. Regulation M may also restrict
      the ability of any person engaged in the distribution of the shares of Common
      Stock to engage in market-making activities with respect to the shares of Common
      Stock. All of the foregoing may affect the marketability of the shares of Common
      Stock and the ability of any person or entity to engage in market-making
      activities with respect to the shares of Common Stock.

     

    We
      will
      pay all expenses of the registration of the shares of Common Stock pursuant
      to
the registration rights agreement, estimated to be
      $[     ] in total, including, without limitation,
      Securities and Exchange Commission filing fees and expenses of compliance with
      state securities or “blue sky” laws; provided, however, that a selling
      stockholder will pay all underwriting discounts and selling commissions, if
      any.
      We will indemnify the selling stockholders against liabilities, including some
      liabilities under the Securities Act, in accordance with the registration rights
      agreements, or the selling stockholders will be entitled to contribution. We
      may
      be indemnified by the selling stockholders against civil liabilities, including
      liabilities under the Securities Act, that may arise from any written
      information furnished to us by the selling stockholder specifically for use
      in
      this prospectus, in accordance with the related registration rights agreements,
      or we may be entitled to contribution.

     

    Once
      sold
      under the shelf registration statement, of which this prospectus forms a part,
      the shares of Common Stock will be freely tradable in the hands of persons
      other
      than our affiliates.WIND
      TURBINE SUPPLY AGREEMENT

    Reference:
      SW/DW/02

    REVISION:
      1.3

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Table
      of Contents

     

    
      	
              1.
                Recitals

            	
              4

            
	
              2.
                Definitions

            	
              4

            
	
              3.
                Duties and Obligations of Contractor

            	
              11

            
	
              4.
                Duties and Obligations of Owner

            	
              14

            
	
              5.
                Schedule

            	
              17

            
	
              6.
                Mechanical, commissioning, facility substantial and final
                completion

            	
              18

            
	
              7.
                Excusable events

            	
              22

            
	
              8.
                Change Orders

            	
              24

            
	
              9.
                Hazardous Substances

            	
              24

            
	
              10.
                Limitation of Liability

            	
              25

            
	
              11. Contract
                Price and Payment

            	
              25

            
	
              12.
                Representations and warranties of the Parties

            	
              27

            
	
              13.
                Mutual indemnity and indemnification for infringement

            	
              28

            
	
              14.
                Insurance

            	
              28

            
	
              15.
                Default, cure, remedies

            	
              28

            
	
              16.
                Additional termination rights

            	
              30

            
	
              17.
                Confidentiality and intellectual property

            	
              31

            
	
              18.
                Governing law

            	
              32

            
	
              19.
                General provisions

            	
              33

            
	
              Exhibit
                A: WTG and SCADA Specifications

            	
              34

            
	
              Exhibit
                B: Project Site

            	
              34

            
	
              Exhibit
                C: Milestone Schedule

            	
              34

            
	
              Exhibit
                D: Contractor’s Account for Progress Payments

            	
              34

            
	
              Exhibit
                F: Insurance Coverage

            	
              34

            
	
              Exhibit
                G: Commissioning Test and Inspection Procedures

            	
              34

            
	
              Exhibit
                H: Deleted

            	
              34

            
	
              Exhibit
                I: Unloading, Crane and Access Road Requirements

            	
              34

            
	
              Exhibit
                J: Notice to Proceed

            	
              34

            
	
              Exhibit
                K: Mechanical Completion Checklist

            	
              34

            
	
              Exhibit
                L: Form of Certificate of Mechanical Completion

            	
              34

            
	
              Exhibit
                M: Form of Certification of Commissioning

            	
              34

            
	
              Exhibit
                N: Form of Certificate of Facility Substantial Completion

            	
              34

            
	
              Exhibit
                O: Form of Certificate of Final Completion

            	
              34

            
	
              Exhibit
                P: Owners’ Scope of Supply

            	
              34

            
	
              Exhibit
                Q: Site Environmental Conditions

            	
              34

            
	
              Exhibit
                R: Parent Company Guarantee

            	
              34

            
	
              Exhibit
                S: Power Curve

            	
              34

            
	
              Exhibit
                T: Availability Guarantee

            	
              34

            
	
              Exhibit
                U: Parent Company Operating Guarantee

            	
              34

            
	
              Exhibit
                V: Warranty

            	
              34

            

    

     

    
      
        
        

      

      
        Page
          2 of
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    This
      wind
      turbine generator (“WTG”) supply and installation agreement with all exhibits
      (the “Agreement”) is made and entered into as of 12th
      June,
      2007

    

    By
      and
      between

    

    DeWind
      Inc.

    2026
      McGaw Avenue

    Irvine,
      CA 92614

     

    (hereinafter
      “Contractor”)

    

    and
      

    

    Enerserve
      Limited 

    Registered
      number: E.35196

    PO
      Box
      560

    Butterfield
      Square

    Providenciales

    Turks
      & Caicos Islands

    

    (hereinafter
      “Owner”)

    

    (Each
      a
“Party” and collectively the “Parties”)

     

    
      
        
        

      

      
        Page
          3 of
          34

        
          

        

      

      
        
        

      

    

     

    
      	
              1.

            	
              Recitals

            

    

     

    
      	
              1.1.

            	
              Whereas:

            

    

    

    
      	
              1.1.1.

            	
              Owner
                desires to purchase 5 (five) D8 wind turbines, controllers, and all
                other
                equipment identified in the WTG and Supervisory Control and Data
                Acquisition (“SCADA”) Specifications (collectively, the “Wind Turbines”),
                and all associated equipment and materials as are specifically described
                in Exhibit
                A: WTG and SCADA Specifications
                (“Turbine Equipment”); which Turbine Equipment shall be used in a wind
                power farm being developed by the Owner on behalf on its client in
                Punta
                Colorada, Chile (the “Project”);

            

    

    

    
      	
              1.1.2.

            	
              Contractor
                desires to manufacture, deliver to dock, supervise the installation
                and
                commission the Turbine Equipment for the Project; the parties agree
                that
                the Contractor will not deliver towers. Towers, Foundations, and
                Balance
                of Plant will be supplied by the
                Owner.

            

    

    

    
      	
              1.1.3.

            	
              Contractor
                and Owner wish to enter into this Agreement, pursuant to which Owner
                agrees to engage Contractor to engineer, deliver to dock, supervise
                the
                installation and commission the Turbine Equipment, all as more
                particularly described in this
                Agreement;

            

    

    

    Now,
      therefore,
      Contractor and Owner, intending to be legally bound, hereby agree as
      follows:

     

    
      	
              2.

            	
              Definitions

            

    

     

    
      	
              2.1.

            	
              In
                this Agreement capitalized terms shall have the meaning specified
                below:

            

    

    

    
      	
              “Agreement”

            	 	
              has
                the meaning given in the Preamble of this Agreement.

            
	 	 	 
	
              “Balance
                of Plant”

            	 	
              has
                the meaning given in Section 4.1
                of
                this Agreement.

            
	 	 	 
	
              “Blades”

            	 	
              means
                three (3) separate rotor blades.

            
	 	 	 
	
              “Business
                Day”

            	 	
              means
                any day other than a Saturday or Sunday or a day on which commercial
                banks
                are closed in the country of the Project Site.

            
	 	 	 
	
              “Certificate
                of Commissioning”

            	 	
              has
                the meaning given in Section 6.2.1.3
                of
                this Agreement.

            
	 	 	 
	
              “Certificate
                of Facility Substantial Completion”

            	 	
              has
                the meaning given in Section 6.3.3
                of
                this Agreement.

            

    

     

    
      
        
        

      

      
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              “Certificate
                of Final Completion”

            	 	
              has
                the meaning given in Section 6.4.3
                of
                this Agreement.

            
	 	 	 
	
              “Certificate
                of Mechanical Completion”

            	 	
              has
                the meaning given in Section 6.1.4
                of
                this Agreement.

            
	 	 	 
	
              “Change
                in Law”

            	 	
              means
                and refer to the enactment, adoption, promulgation, amendment,
                modification, repeal or change in interpretation after the date of
                this
                Agreement of any law, statute, act, ordinance, regulation, code,
                rule,
                order, decree, permit etc.

            
	 	 	 
	
              “Change
                Order”

            	 	
              has
                the meaning given in Section 8.1
                of
                this Agreement.

            
	 	 	 
	
              “Client”

            	 	
              Compañía
                Barrick Chile Generación Ltda.

              Avda.
                Ricardo Lyon 222, 8th Floor

              Santiago,
                Chile 

            
	 	 	 
	
              “Client’s
                Supervisor”

            	 	
              Means
                the representative of the Contractor at the Project
                Site.

            
	 	 	 
	
              “Commencement
                Date”

            	 	
              has
                the meaning given in Section 5.1
                of
                this Agreement.

            
	 	 	 
	
              “Commission(ing)”

            	 	
              means
                the start-up and commissioning of a Wind Turbine in accordance with
                the
                Commissioning Test and Inspection Procedures.

            
	 	 	 
	
              “Commissioning
                Test and Inspection Procedures”

            	 	
              means
                those procedures set forth in Exhibit
                G: Commissioning Test and Inspection Procedures.

            
	 	 	 
	
              “Contract
                Price”

            	 	
              has
                the meaning given in Section 11.1
                of
                this Agreement.

            
	 	 	 
	
              “Contractor”

            	 	
              includes
                the named Contractor identified in the Preamble to this Agreement
                and its
                successors and permitted assigns.

            
	 	 	 
	
              “Contractor’s
                Supervisor”

            	 	
              means
                the representative of the Contractor at the Project
                Site.

            
	 	 	 
	
              “Contractor’s
                Manager”

            	 	
              has
                the meaning given in Section 3.4
                of
                this Agreement.

            

    

     

    
      
        
        

      

      
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          34

        
          

        

      

      
        
        

      

       

    

    
      	
              “Delivery
                Deadline”

            	 	
              has
                the meaning given in Section 5.2
                of
                this Agreement.

            
	 	 	 
	
              “Delayed
                Delivery Costs”

            	 	
              has
                the meaning given in Section 5.2.1
                of
                this Agreement.

            
	 	 	 
	
              “Excusable
                Event”

            	 	
              has
                the meaning given in Section 7.1
                of
                this Agreement.

            
	 	 	 
	
              “Facility
                Substantial Completion”

            	 	
              shall
                be deemed to have occurred when Commissioning of the Wind Turbine
                has been
                completed and the Wind Turbine is capable of generating continuous
                electrical energy.

            
	 	 	 
	
              “Facility
                Substantial Completion Date”

            	 	
              means
                the date upon which Facility Substantial Completions is deemed to
                have
                been achieved under this Agreement.

            
	 	 	 
	
              “Final
                Completion”

            	 	
              shall
                be deemed to have occurred when (i) Facility Substantial Completion
                has
                occurred, (ii) all items on the Punch List have been completed, (iii)
                all
                of Contractor’s tools, equipment and debris have been removed from the
                Project Site.

            
	 	 	 
	
              “Final
                Completion Date”

            	 	
              means
                the date upon which Final Completion is deemed to have been achieved
                under
                this Agreement.

            
	 	 	 
	
              “Force
                Majeure”

            	 	
              means
                occurrences and events that are beyond the reasonable control of
                a party
                hereto, including, but not limited to, acts of God, acts of the public
                enemy, explosions, natural disasters, vandalism, acts or omissions
                of any
                court, legislative, judicial or executive body, or other governmental
                authority (such as a taking by condemnation or power of eminent domain),
                any expropriation or confiscation of facilities, compliance with
                any order
                of any governmental authority, changes of law, blockades, acts of
                war,
                civil commotions, riots insurrection, rebellion or sabotage, fires,
                floods, earthquakes, excessive wind speeds (which means in excess
                of 25
                meters/second following the Mechanical Completion Date), lack of
                sufficient wind, riots, strikes, lockouts and other labor disturbances
                which are national in scope, casualties, lightning or unusual inclement
                weather (including, but not limited to, rain or snow which falls
                earlier
                in the year, or in greater amounts, or for longer periods than has
                historically been experienced in the area of the Project Site). Force
                Majeure shall not include a party’s financial inability to perform under
                this Agreement, or any loss of equipment or materials while being
                transported (while at sea or otherwise) unless due to a Force Majeure
                occurrence or event.

            

    

     

    
      
        
        

      

      
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              “Hazardous
                Substance”

            	 	
              means
                (A) any substance which is listed, defined, designated or classified
                under
                any environmental law as a (i) hazardous material, substance, constituent
                or waste, (ii) toxic material, substance, constituent or waste, (iii)
                radioactive material, substance, constituent or waste, (iv) dangerous
                material, substance, constituent or waste, (v) pollutant, (vi)
                contaminant, or (vii) special waste; (B) any material, substance,
                constituent or waste regulated under any environmental laws; or (C)
                petroleum, petroleum products, radioactive matters, polychlorinated
                biphenyl, pesticides, asbestos, or asbestos-containing
                materials.

            
	 	 	 
	
              “Hub”

            	 	
              means
                the component at which the rotor blades are attached to the main
                shaft of
                the Wind Turbine

            
	 	 	 
	
              “Intellectual
                Property Rights” 

            	 	
              shall
                mean and refer to all patents, copyrights, trademarks, service marks,
                trade secrets and all similar and related intellectual property rights
                protected under any statutes, laws, codes, rules or
                regulations.

            
	 	 	 
	
              “Interconnection
                Facilities”

            	 	
              means
                all the land rights, materials, equipment and facilities to be installed
                by the Owner for the purpose of interconnecting the Turbine Equipment
                to
                the Project’s substation so as to permit the delivery of electrical energy
                generated by the Turbine Equipment to the interconnection point within
                the
                Project’s substation, which shall include, but shall not be limited to,
                electrical interconnection, switching, metering, relaying, communication
                and safety equipment.

            

    

     

    
      
        
        

      

      
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              “Licensed
                Materials”

            	 	
              has
                the meaning given in Section 17.1
                of
                this Agreement.

            
	 	 	 
	
              “Manuals”
                

            	 	
              means
                the DeWind Inc. Maintenance Manual, DeWind Inc. Operation Manual
                and
                DeWind Inc. Installation Manual.

            
	 	 	 
	
              “Mechanical
                Completion”

            	 	
              shall
                be deemed to have occurred to the Wind Turbine when (i) the Wind
                Turbine
                has been assembled, installed and erected in substantial compliance
                with
                the WTG Specifications and the Mechanical Completion Checklist and
                (ii)
                the Wind Turbine is ready to commence Commissioning.

            
	 	 	 
	
              “Mechanical
                Completion Checklist”

            	 	
              means
                the checklist for determining Mechanical Completion of a Wind Turbine
                as
                set forth in Exhibit
                K: Mechanical Completion Checklist
                of
                this Agreement.

            
	 	 	 
	
              “Mechanical
                Completion Date”

            	 	
              means
                the date upon which a Wind Turbine is Mechanically
                Complete.

            
	 	 	 
	
              “Milestone
                Payment”

            	 	
              has
                the meaning given in Section 11.2
                of
                this Agreement.

            
	 	 	 
	
              “Milestones”

            	 	
              means
                those milestones related to the Work to be performed hereunder by
                Contractor, as identified on the Milestone Schedule.

            
	 	 	 
	
              “Milestone
                Schedule”

            	 	
              shall
                mean that schedule of milestones set forth in Exhibit
                C: Milestone Schedule
                of
                this Agreement.

            
	 	 	 
	
              “Nacelle”

            	 	
              Shall
                mean a Wind Turbine Nacelle.

            
	 	 	 
	
              “Notice
                to Proceed”

            	 	
              has
                the meaning given in Section 5.1
                of
                this Agreement.

            

    

     

    
      
        
        

      

      
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              “Owner”

            	 	
              includes
                the named Owner identified in the Preamble to this Agreement and
                its
                successors and permitted assigns.

            
	 	 	 
	
              “Owner’s
                Appointed Representative”

            	 	
              means
                the person(s) or organization appointed from time to time by the
                Owner to
                represent the Owner. The Owner shall advise the Contractor in writing
                of
                the scope, authority and terms of reference of its appointed
                representatives and their intended role under the terms of this contract.
                

            
	 	 	 
	
              “Owner’s
                Manager”

            	 	
              has
                the meaning given in Section 4.12
                of
                this Agreement.

            
	 	 	 
	
              “Owners’
                Scope of Supply”

            	 	
              means
                the work, services and items identified on Exhibit
                P: Owners’ Scope of Supply.

            
	 	 	 
	
              “Project”

            	 	
              has
                the meaning given in Section 1.1.1
                of
                this Agreement.

            
	 	 	 
	
              “Project
                Site”

            	 	
              means
                the site described in Exhibit
                B: Project Site
                of
                this Agreement.

            
	 	 	 
	
              “Project
                Site Operator”

            	 	
              the
                named Operator of the project site and its successors and permitted
                assigns.

               

              Compañía
                Barrick Chile Generación Ltda.

              Avda.
                Ricardo Lyon 222, 8th Floor

              Santiago,
                Chile

            
	 	 	 
	
              “Prudent
                Wind Industry Practices”

            	 	
              means
                the implementation and exercise of those practices, methods and standards
                in accordance with the degree of judgment and skill that is ordinarily
                possessed and exercised by (and generally accepted as being appropriate
                for) organizations who are performing services for electric wind
                industry
                projects which are of similar scope, nature and complexity as the
                project
                described in this Agreement.

            
	 	 	 
	
              “Punch
                List”

            	 	
              shall
                mean and refer to a comprehensive list initially prepared upon Mechanical
                Completion and then updated upon Facility Substantial Completion
                of the
                Wind Turbine identifying those insubstantial details of construction
                and
                mechanical adjustment which require repair, completion, correction
                or
                re-execution.

            

    

     

    
      
        
        

      

      
        Page
          9 of
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              “Scheduled
                Facility Substantial Completion Date”

            	 	
              means
                the date identified in the Milestone Schedule for completion of Facility
                Substantial Completion; which date may be adjusted pursuant to
                the terms and provisions
                of
                this Agreement.

            
	 	 	 
	
              “Scheduled
                Final Completion Date”

            	 	
              means
                the date which is ninety (90) days after the Facility Substantial
                Completion Date; which date may be adjusted pursuant to the terms
                and
                provisions of this Agreement.

            
	 	 	 
	
              “Tower”

            	 	
              has
                the meaning given in Section 1.1.1
                of
                this Agreement.

            
	 	 	 
	
              “Turbine
                Equipment”

            	 	
              has
                the meaning given in Section 1.1.1
                of
                this Agreement.

            
	 	 	 
	
              “Unloading,
                Crane and Access Road Requirements”

            	 	
              Means
                those specifications given for unloading, crane and access road
                requirements given in Exhibit
                I: Unloading, Crane and Access Road Requirements.

            
	 	 	 
	
              “Warranty
                Period” 

            	 	
              has
                the meaning given in Section 4.13
                of
                this Agreement.

            
	 	 	 
	
              “Wind
                Turbine”

            	 	
              has
                the meaning given in the Section 1.1.1
                of
                this Agreement.

            
	 	 	 
	
              “Work”

            	 	
              has
                the meaning given in Section 3.1
                of
                this Agreement.

            
	 	 	 
	
              “WTG
                Specifications”

            	 	
              means
                those specifications for the Wind Turbine set forth in Exhibit
                A: WTG and SCADA Specifications
                of
                this Agreement.

            

    

    
       

      
        
          
          

        

        
          Page
            10
            of 34

          
            

          

        

        
          
          

        

         

      

      
        	
                3.

              	Duties and Obligations of
                Contractor

      

       

    

    
      	
              3.1.

            	
              The
                Contractor hereby covenants and agrees that it shall manufacture
                and
                deliver the Turbine Equipment: blades FOB Hamburg (Germany) Dock
                or
                location to be specified; and, nacelle and hub FOB TECO Dock, Round
                Rock,
                Texas. The Owner shall transport, deliver, unload at the site and
                install
                the Turbine Equipment (with supervision of the installation and
                commissioning by Contractor pursuant to the terms and provisions
                of this
                Agreement) and carry out any other work and services reasonably necessary
                to supply and install the Turbine Equipment in accordance with this
                Agreement (collectively, the “Work”). Except as otherwise specifically
                provided in this Agreement, the Contractor’s scope of Work shall terminate
                at the top (yaw bearings) of the Wind Turbine Tower and at the circuit
                breaker/controller in the Wind Turbine Tower.

            

    

    

    
      	
              3.2.

            	
              For
                a period of twenty (20) years following the Facility Substantial
                Completion Date, Contractor agrees to sell to Owner such spare parts
                as
                Owner may require for the Turbine Equipment at commercially reasonable
                and
                market-competitive pricing, terms and conditions (including reasonable
                delivery times); provided that such spare parts requested by Owner
                are
                still being manufactured as of the date such spare parts are ordered
                by
                Owner. To cover the eventuality that the Contractor or its subcontractors
                cease to trade the Contractor will, at Owners expense, place in an
                escrow
                account manufacturing details of key wind turbine components relating
                to
                this sale. The Owner will be provided with a copy of the safekeeping
                instructions which will lay out details governing access to the
                information that is stored in this account.

            

    

    

    
      	
              3.3.

            	
              Title
                to the Turbine Equipment shall transfer to the Owner upon Owner’s payment
                of the entire Contract Price to Contractor. Regardless
                of the passage of title, upon the delivery of each component or part
                of
                the Turbine Equipment: blades FOB to Hamburg (Germany) Dock or location
                to
                be specified; and, nacelle and hub FOB to TECO Dock, Round Rock,
                Texas,
                care, custody and control of, and risk of loss or damage to, such
                component or part shall thereupon transfer to the
                Owner.

            

    

    

    
      	
              3.4.

            	
              Contractor
                shall appoint a single representative to act as its manager and as
                the
                coordinator of the Agreement on Contractor’s behalf (the “Contractor’s
                Manager”). The Contractor’s Manager shall act as the liaison for the
                Contractor’s communications with Owner and shall be responsible for
                providing all reports due under the Agreement to the Owner. The
                Contractor’s Manager shall coordinate all activities of Contractor,
                including but not limited to, reporting activities, communication
                activities, and insurance procurement and
                administration.

            

    

    

    
      
        
        

      

      
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          11
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              3.5.

            	
              Contractor
                shall deliver the Turbine Equipment to the port of Hamburg (Germany)
                or
                TECO Dock, Round Rock, Texas as appropriate, by the corresponding
                Delivery
                Deadline (as identified in the Milestone Schedule). All other Milestones
                referenced in the Milestone Schedule which are applicable to the
                Contractor are included therein solely for information purposes and
                any
                failure of the Contractor to achieve any such Milestone(s) by any
                specific
                date(s) shall not be a breach or default under this
                Agreement.

            

    

    

    
      	
              3.6.

            	
              The
                Contractor guarantees the following performance parameters for the
                Wind
                Turbines: the actual computed energy yield derived from measurements
                made
                in accordance with IEC 61400-12 at the generator terminals will be
                no less
                than 95% of the theoretical energy yield derived from the warranted
                power
                curve (attached in Exhibit
                S power curve).
                The target generating availability of each Wind Turbine will be no
                less
                than 95% in each calendar year, following a ramp up period of 6 months,
                subject to the terms and conditions within the availability guarantee
                (attached in Exhibit
                T Availability Guarantee).
                The design lifespan of each Wind Turbine will be 20 years under normal
                conditions as prescribed under IEC Class
                III.

            

    

    

    
      	
              3.7.

            	
              The
                contractor, based of the environmental data for the site provided
                by the
                owner through May 30, 2007, has determined that the WTG to be supplied
                is
                expected to be suitable and safe to fully operate in the Site
                environmental Conditions as specified in Exhibit
                Q Site Environmental Conditions.

            

    

    

    
      	
              3.8.

            	
              The
                Contractor will provide the Owner with a full set of manufacturing
                drawings for the tubular steel Tower, which represent a tower that
                has
                been certified by a German certification agency for a design life
                of at
                least 20 years under standard (IEC, GL or DIbt) design conditions,
                that
                are equal to or exceed the Site environmental Conditions as specified
                in
                Exhibit
                Q Site Environmental Conditions.
                The Owner will review the design and provide the Contractor with
                written
                approval within 4 weeks of receipt of the drawings. In the event
                that the
                design proves inadequate for the specific seismic requirements for
                the
                site, the Owner will sponsor an appropriate party, after consultation
                with
                the Contractor, to incorporate the necessary modifications into the
                drawings. Such modifications, if required, will be subject to the
                change
                order procedure specified in this contract. Any changes to warranty
                as a
                result of change order will be detailed in the change
                order.

            

    

    

    
      
        
        

      

      
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          12
          of 34

        
          

        

      

      
        
        

      

       

    

    
      	
              3.9.

            	
              The
                Contractor will, at Owner’s expense, support the Owner in the development
                of a design for the earthing system for the WTG, after the Owner
                has
                supplied all necessary site specific information. Contractor will
                specify
                the required information. Should this information not be received
                within
                30 days of receipt by Owner of the specification, then a standard
                lightning protection system will be presented to the
                Owner.

            

    

    

    
      	
              3.10.

            	
              The
                Contractor will provide the Owner with such engineering assistance
                and
                necessary data as is reasonably required by the Owner to obtain the
                Chilean authorities permitting approvals and for the Owner or its
                subcontractors to develop the transportation and erection methodologies.
                This will be limited to the provision of the following documentation.
                Any
                additional support or documentation development will be at Owners
                expense.
                

            

    

    

    
      	
              Item

            	 	
              Target
                delivery date

            
	
              Earthing
                design and specification as described in section 3.9

            	 	
              TBC

            
	
              A
                standard foundation design that meets or exceeds the site conditions,
                excluding seismic considerations

            	 	
              TBC

            
	
              Tower
                design, excluding seismic considerations as described in section
                3.8.

            	 	
              TBC

            
	
              Supporting
                calculations and load cases for foundation and tower to enable seismic
                analysis and Chilean design approval to commence, should this be
                required.

            	 	
              TBC

            
	
              Lighting
                protection specification

            	 	
              TBC

            
	
              WTG
                weights and lifting data

            	 	
              TBC

            
	
              WTG
                installation manual

            	 	
              TBC

            
	
              WTG
                operating manual

            	 	
              TBC

            
	
              WYG
                maintenance manual

            	 	
              TBC

            
	
              Specification
                of site information requirements for earthing design

            	 	
              TBC

            
	
              Specification
                of soil investigation requirements

            	 	
              TBC

            

    

     

    
      
        
        

      

      
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                4.

              	Duties and Obligations of
                Owner

      

       

    

    
      	
              4.1.

            	
              The
                Owner shall, at its sole cost and expense, cause the Balance of Plant
                to
                be completed, and shall do so in accordance with the Milestone Schedule.
                “Balance of Plant” means all items and services necessary to complete the
                Project. The Balance of Plant includes, but is not limited to, civil
                design and construction work; site facilities; grading, excavation
                and
                other preparation of the Project Site; design, engineering, procurement,
                installation and construction of roads, meteorological stations,
                foundations (including those for transformers, met masts and Wind
                Turbines, but excluding the design of a standard WTG foundation),
                Interconnection Facilities, switchgear and transformer, substation,
                grid
                interconnection, electrical works, control works, cable and pipe
                ducting,
                and interface hardware apart from the SCADA equipment delivered by
                the
                Contractor, maintenance buildings and fiber-optic cabling between
                Wind
                Turbine, substation and other points of surveillance; supply, design
                and
                construction of those facilities included in (and compliance with)
                the
                Exhibit
                I: Unloading, Crane and Access Road Requirements;
                supply and installation of met mast if such is deemed necessary by
                the
                Owner; transportation from the port of Hamburg or TECO Dock, Round
                Rock,
                Texas as applicable to the Project Site; unloading of all Turbine
                Equipment at the Project Site, erection and installation of all Turbine
                Equipment in accordance with instructions given by the Contractor’s
                Supervisor and with the Manuals, achieving Mechanical Completion
                as to the
                Wind Turbine, connecting the Project to the transmission grid, energizing
                the Project; and all other items and services necessary to complete
                the
                Project (excluding the Work) in accordance with Prudent Wind Industry
                Practices. The
                Owner shall furthermore supply the tower of the wind
                turbine.

            

    

    

    
      	
              4.2.

            	
              Owner
                acknowledges that, concurrent with the duration of this Agreement,
                Owner
                (and/or its contractor(s)) will be supplying, constructing, installing,
                commissioning and testing the Balance of Plant. In connection therewith,
                Owner shall (and shall cause its contractors) to cooperate with Contractor
                to the extent reasonably required to achieve the performance of both
                the
                Balance of Plant and permit the Contractor to commission the Turbine
                Equipment as contemplated under this
                Agreement.

            

    

    

    
      
        
        

      

      
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              4.3.

            	
              The
                Owner represents and warrants that it will thoroughly review the
                Foundation Load Data as provided by the Contractor, and covenants
                that it
                shall install and construct the Project foundation such that this
                satisfies the performance and related specifications identified in
                such
                Foundation Load Data. Owner acknowledges responsibility for any problems
                arising out of any changes to soil bearing properties that arise
                out of
                the construction phase and will take all good faith steps to ensure
                that
                the geotechnical assessment of the soil is not invalidated by disruption
                caused during foundation
                construction.

            

    

    

    
      	
              4.4.

            	
              Owner
                shall secure and pay for all permits, licenses and governmental approvals,
                certifications and inspections necessary for the execution and completion
                of the Work
                and the Contractor shall cooperate with the Owner in the Owner’s efforts
                to obtain such items.

            

    

    

    
      	
              4.5.

            	
              Owner
                shall comply with, and otherwise provide all service and items required
                by, Exhibit
                I: Unloading, Crane and Access Road Requirements 

            

    

    

    
      	
              4.6.

            	
              Upon
                delivery of any Turbine Equipment FOB to the port of Hamburg (Germany)
                and
                the TECO Dock, Round Rock, Texas, the Owner shall take responsibility
                for
                all the Turbine Equipment and exercise its best efforts to cause
                such
                Turbine Equipment to be transported to the site as soon as possible.
                In
                the event that the Owner fails to take responsibility of the Turbine
                Equipment within two Business Days after delivery of the same to
                either
                port, Contractor may (at Contractor’s option) arrange to keep such
                equipment stored in a safe and secured storage facility. All costs
                and
                expenses associated with Owner’s failure to timely take responsibility of
                the Turbine Equipment (including, without limitation, all unloading,
                storage, demurrage and insurance costs) shall be borne solely by
                Owner,
                and Owner shall reimburse Contractor for all such costs and expenses
                within thirty (30) days of Owner’s receipt of an invoice for the same from
                Contractor.
                In
                the event that the Turbine Equipment arrives more than two Business
                Days
                in advance of the agreed delivery date to one of the specified ports,
                the
                Owner may take responsibility of the Turbine Equipment, but is under
                no
                obligation to do so until the agreed milestone delivery date and
                all costs
                and expenses associated with the early arrival shall be borne by
                Contractor.

            

    

    

    
      	
              4.7.

            	
              The
                Owner shall install and erect all of the Turbine Equipment and shall
                do so
                in accordance with the Manuals
                and the instructions given by Contractor’s Supervisor and Prudent Wind
                Industry Practice.

            

    

    

    
      
        
        

      

      
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              4.8.

            	
              The
                Owner expressly acknowledges and agrees (i) that the presence of
                the
                Contractor’s Supervisor during the installation and the provision of the
                Manuals to Owner shall not relieve Owner of its responsibility to
                properly
                and timely erect, install and Mechanically Complete the Turbine Equipment,
                and (ii) that, despite the presence of the Contractor’s Supervisor and the
                provision of such Manuals, (iii) Contractor shall not be deemed to
                have
                provided any guaranty, warranty or covenant that the Turbine Equipment
                will be erected, installed or Mechanically Completed properly or
                timely,
                and (iv) Contractor shall not be responsible for any errors, omissions,
                defects, deficiencies or delays in reference to the erection, installation
                or Mechanical Completion of the Turbine Equipment, unless if the
                error,
                omission, defect, deficiency or delay is attributable to an act or
                instruction from the Contractor’s Supervisor or the provided
                Manuals.

            

    

    

    
      	
              4.9.

            	
              In
                the event that the Wind Turbine achieves Mechanical Completion and
                grid
                energizing of the Project is not available for more than twenty-four
                (24)
                consecutive hours thereafter, the Owner shall (promptly after the
                expiration of such twenty-four (24) hour period) retain and secure
                such
                personnel, equipment and generators as are necessary to spin the
                Wind
                Turbine to prevent fretting, corrosion and other deterioration (which
                spinning the Owner shall also commence promptly after the expiration
                of
                any such twenty-four (24) hour
                period).

            

    

    

    
      	
              4.10.

            	
              In
                the event the Contractor
                is
                unable
                to deliver any Turbine Equipment to the port of Hamburg (Germany)
                or TECO
                Dock, Round Rock, Texas as a result of any act or omission by Owner,
                its
                contractors or others from whom Owner may be responsible for
                all costs and expenses incurred in connection with storing such Turbine
                Equipment at other locations until delivery to the port of Hamburg
                (Germany) or TECO Dock, Round Rock, Texas is possible, including,
                without
                limitation, all rental charges and all transportation and
                loading/unloading fees. 

            

    

    

    
      	
              4.11.

            	
              Owner
                hereby grants to Contractor, its Subcontractors, and to such other
                persons
                or entities as Contractor may designate, full right of access to
                the
                Project Site during performance of the Work hereunder, subject to
                permissions and procedures of the Project Site Operator.
                If
                full right of access, regardless of the reason hereof is not granted
                to
                Contractor, then the turbine is considered taken over by Owner and
                the
                Contractor will be relieved from all responsibilities under this
                Agreement
                and any outstanding payment shall be due and payable at the time
                full
                right of access is not granted.

            

    

     

    
      
        
        

      

      
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              4.12.

            	
              Owner
                shall appoint a representative to act as its manager and as the
                coordinator of the Agreement on Owner’s behalf (the “Owner’s Manager”).
                The Owner’s Manager shall be the Owner’s authorized representative, and
                who shall receive and initiate all communications from and with the
                Contractor and be authorized to render binding decisions related
                to the
                Project.

            

    

    

    
      	
              4.13.

            	
              Provided
                that the Owner maintains and services the Wind Turbine in accordance
                with
                the Manuals, Prudent Wind Industry Practice and the instructions
                of the
                Contractor, the Contractor warrants for a period of two (2) years
                (the
                Warranty Period) following the Facility Substantial Completion that
                the
                Turbine Equipment will be free from defects and deficiencies, as
                described
                in Exhibit V: Warranty. If at any time prior to the expiry of the
                Warranty
                Period, Owner discovers any failure or breach of a non consumable
                item and
                notifies the Contractor in writing of such failure, Contractor at
                its
                cost, shall within a reasonable period of time, deliver and install
                replacement parts at Project Site.
                The Contractor may at its sole discretion decide to change parts
                that the
                Contractor deems can be done by persons other than authorized service
                persons from Contractor. 

            

    

     

    
      	
              5.

            	
              Schedule

            

    

     

    
      	
              5.1.

            	
              The
                Contractor shall commence the performance of its obligations under
                this
                Agreement upon its receipt of a written notice to proceed from the
                Owner
                in the form attached to this Agreement as Exhibit
                J: Notice to Proceed
                (the “Notice to Proceed”); it being acknowledged and agreed by Owner that
                it shall deliver the Notice of Proceed to Contractor within a period
                of
                fifteen (15) business days from the date of this agreement. The date
                of
                receipt by Contractor of the Notice to Proceed shall be deemed the
                “Commencement Date”.

            

    

    

    
      	
              5.2.

            	
              The
                Contractor shall deliver the Wind Turbines: blades to the port of
                Hamburg
                (Germany), nacelle and hub to the TECO Dock, Round Rock, Texas by
                the
                “Delivery Deadline” corresponding to the Milestone
                Schedule.

            

    

    

    
      	
              5.2.1.

            	
              If
                the Contractor fails to deliver the Wind Turbine to the port of Hamburg
                (Germany)/TECO Dock, Round Rock, Texas by the corresponding Deadline
                Delivery Date, then the Owner shall be entitled to recover from the
                Contractor any reasonable additional project construction costs (the
                “Delayed Delivery Costs”) caused by such delay, and not as a penalty. The
                Owner agrees that no costs associated with consequential production
                loss
                of the Wind Turbine will be recovered from the Contractor. The Delayed
                Delivery Costs so claimed shall constitute Owner’s sole and exclusive
                remedy should the Contractor fail to deliver the Wind Turbine to
                the port
                of Hamburg (Germany)/TECO Dock, Round Rock, Texas by the Corresponding
                Delivery Deadline. 

            

    

    

    
      
        
        

      

      
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              5.2.2.

            	
              The
                Contractor’s aggregate liability for any and all Delayed Delivery Costs as
                set forth in Section 5.2.1
                shall be limited to a maximum of five
                percent (5%) of the Contract
                Price.

            

    

    

    
      	
              5.3.

            	
              As
                otherwise indicated in this Agreement, the Owner shall be responsible
                for
                erecting and installing the Turbine Equipment and achieving Mechanical
                Completion with respect to the Wind Turbine. The Owner
                shall exercise reasonable efforts to achieve Mechanical Completion
                of the
                Wind Turbine by the corresponding dates
                provided in the Milestone Schedule.
                However, failure by the Owner
                to
                achieve Mechanical Completion of the Wind Turbine on or before any
                specific date shall not be a breach or default under this
                Agreement.

            

    

    

    
      	
              5.4.

            	
              As
                soon as commercially practicable after the Owner achieves Mechanical
                Completion as to the Wind Turbine, the Contractor shall take care
                of
                Commissioning of the Wind Turbine.

            

    

    

    
      	
              5.5.

            	
              The
                Contractor shall exercise reasonable efforts to
                achieve Facility Substantial Completion by the Scheduled
                Facility Substantial Completion Date. However, failure by the Contractor
                to achieve
                Facility Substantial Completion by the Scheduled
                Facility Substantial Completion Date shall not be a breach or default
                under this Agreement.

            

    

    

    
      	
              5.6.

            	
              The
                Contractor shall exercise reasonable efforts to achieve Final Completion
                by the Scheduled Final Completion Date. However, failure by the Contractor
                to achieve Final Completion by the Scheduled Final Completion Date
                shall
                not be a breach or default under this
                Agreement.

            

    

     

    
      	
              6.

            	
              Mechanical,
                commissioning, facility substantial and final
                completion

            

    

     

    
      	
              6.1.

            	
              Mechanical
                Completion

            

    

    

    
      	
              6.1.1.

            	
              When
                the Owner has erected and installed any of the Wind Turbine according
                to
                the instructions in the installation manuals and as instructed by
                the
                Contractor’s supervisor, completed the procedures as to this Wind Turbine
                which is outlined in the Mechanical Completion Checklist and believes
                that
                it has achieved Mechanical Completion as to that Wind Turbine, the
                Owner
                shall so notify the Client’s Supervisor. Immediately thereafter, the
                Client’s Supervisor shall conduct those investigations and inspections as
                he deems necessary or appropriate to determine if Mechanical Completion
                of
                the Wind Turbine has in fact been achieved.

            

    

    

    
      
        
        

      

      
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              6.1.2.

            	
              Within
                one (1) Business Days after the receipt of the Client notice by the
                Contractor’s Supervisor, the Client’s Supervisor shall either (i) notify
                the Owner that Mechanical Completion of the Wind Turbine has been
                achieved, or (ii) notify the Owner that Mechanical Completion of
                the Wind
                Turbine has not been achieved and stating the reasons therefore.
                Should
                the Client fail to respond to the Owner’s notice within one (1) Business
                Day period, the corresponding Wind Turbine shall be deemed Mechanically
                Complete. 

            

    

    

    
      	
              6.1.3.

            	
              In
                the event the Client’s Supervisor provides timely notice that Mechanical
                Completion of the Wind Turbine has not been achieved, the Owner shall
                immediately correct and/or remedy the defects, deficiencies and other
                conditions which so prevent Mechanical Completion of the Wind Turbine.
                Upon completion of such corrective and/or remedial actions, the Owner
                shall resubmit its notice stating that it believes Mechanical Completion
                of the Wind Turbine has been achieved and the foregoing procedures
                shall
                be repeated until Mechanical Completion of the Wind Turbine has in
                fact
                been achieved.

            

    

    

    
      	
              6.1.4.

            	
              Once
                the Wind Turbine is deemed to have achieved Mechanical Completion,
                the
                Contractor and the Owner shall execute a “Certificate of Mechanical
                Completion” (in the form attached hereto as Exhibit
                L Form of Certification of Mechanical Completion)
                establishing and identifying the Mechanical Completion Date of the
                Wind
                Turbine, which date shall be the date the Owner sent the notice to
                Client
                indicating achievement of Mechanical Completion. 

            

    

    

    
      	
              6.2.

            	
              Commissioning

            

    

    

    
      	
              6.2.1.

            	
              After
                the Mechanical Completion of the Wind Turbine, the Contractor shall
                commence the initial operation of such Wind Turbine (i.e., the
                Commissioning of the Wind Turbine) and shall continue with such operation
                until the Facility Substantial Completion Date. All costs incurred
                for the
                Commissioning of a Wind Turbine shall be borne by
                Contractor.

            

    

    

    
      
        
        

      

      
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              6.2.1.1.

            	
              When
                the Contractor has completed the procedures as to the Wind Turbine
                outlined in the Commissioning Test and Inspection Procedures and
                believes
                that it has achieved Commissioning to said Wind Turbine, the Contractor’s
                Supervisor shall so notify the Owner. Immediately thereafter, the
                Owner
                (or the Owner’s Appointed Representative) shall conduct those
                investigations and inspections as it deems necessary or appropriate
                to
                determine if Commissioning of the Wind Turbine has in fact been achieved.
                Within one Business Day after the receipt of the Contractor’s notice by
                the Owner, the Owner (or the Owner’s Appointed Representative) shall
                either (i) notify the Contractor’s Supervisor that Commissioning of the
                Wind Turbine has been achieved, or (ii) notify the Contractor’s Supervisor
                that Commissioning of the Wind Turbine has not been achieved and
                stating
                the reasons therefore. Should the Owner (or the Owner’s Appointed
                Representative) fail to respond to the Contractor’s notice within such One
                Business Day period, the corresponding Wind Turbine shall be deemed
                Commissioned. 

            

    

    

    
      	
              6.2.1.2.

            	
              In
                the event the Owner (or the Owner’s Appointed Representative) provides
                timely notice that Commissioning of the Wind Turbine has not been
                achieved, the Contractor shall immediately correct and/or remedy
                the
                defects, deficiencies and other conditions which so prevent Commissioning
                of the Wind Turbine. Upon completion of such corrective and/or remedial
                actions, the Contractor shall resubmit its notice stating that it
                believes
                Commissioning of the Wind Turbine has been achieved and the foregoing
                procedures shall be repeated until Commissioning of the Wind Turbine
                has
                in fact been achieved.

            

    

    

    
      	
              6.2.1.3.

            	
              Once
                the Wind Turbine is deemed Commissioned, the Contractor and the Owner
                shall thereafter execute a “Certificate of Commissioning” (in the form
                attached hereto as Exhibit
                M: Form of Certification of Commissioning)
                establishing and identifying the Commissioning date of the Wind Turbine,
                which date shall be the date the Contractor sent the notice to Owner
                indicating achievement of Commissioning. 

            

    

    

    
      	
              6.3.

            	
              Facility
                Substantial Completion

            

    

     

    
      
        
        

      

      
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              6.3.1.

            	
              When
                the Contractor believes that it has achieved its responsibilities
                with
                respect to Facility Substantial Completion, the Contractor’s Supervisor
                shall so notify the Owner. Immediately thereafter, the Owner (or
                the
                Owner’s Appointed Representative) shall conduct those investigations and
                inspections as it deems necessary or appropriate to determine if
                the
                Contractors responsibilities with respect to Facility Substantial
                Completion has in fact been achieved. Within one Business Day after
                the
                receipt of the Contractor’s Supervisors notice by the Owner, the Owner (or
                the Owner’s Appointed Representative) shall either (i) notify the
                Contractor that Facility Substantial Completion has been achieved,
                or (ii)
                notify the Contractor that its responsibilities with respect to Facility
                Substantial Completion has not been achieved and stating the reasons
                therefore. Should the Owner (or the Owner’s Appointed Representative) fail
                to respond to the Contractor’s notice within one Business Day period,
                Facility Substantial Completion shall be deemed to have been achieved.
                

            

    

    

    
      	
              6.3.2.

            	
              In
                the event the Owner (or the Owner’s Appointed Representative) provides
                timely notice that Facility Substantial Completion has not been achieved,
                the Contractor shall immediately initiate steps to correct and/or
                remedy
                the defects, deficiencies and other conditions which so prevent Facility
                Substantial Completion associated with the turbines and their
                commissioning. The foregoing procedures shall be repeated until the
                date
                Facility Substantial Completion has in fact been
                achieved.

            

    

    

    
      	
              6.3.3.

            	
              Once
                Facility Substantial Completion is deemed to have been achieved,
                the
                Contractor and the Owner shall execute a “Certificate of Facility
                Substantial Completion” (in the form attached hereto as Exhibit
                N: Form of Certificate of Facility Substantial Completion
                establishing and identifying the Facility Substantial Completion
                Date,
                which date shall be the date the Contractor sent the notice to Owner
                indicating achievement of Facility Substantial Completion. 

            

    

    

    
      	
              6.3.4.

            	
              From
                the Facility Substantial Completion Date and throughout the lifetime
                of
                the Wind Turbine, the Contractor is granted the right to monitor
                the Wind
                Turbine in order for the Contractor to obtain operating data for
                reference
                purposes. All or any raw data so gathered shall be made available
                to the
                Owner if requested. 

            

    

    

    
      	
              6.4.

            	
              Final
                Completion

            

    

    

    
      
        
        

      

      
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              6.4.1.

            	
              When
                the Contractor believes that it has achieved Final Completion with
                respect
                to its responsibilities, the Contractor’s Supervisor shall so notify the
                Owner. Immediately thereafter, the Owner (or the Owner’s Appointed
                Representative) shall conduct those investigations and inspections
                as it
                deems necessary or appropriate to determine if Final Completion with
                respect to the Contractor’s responsibilities has in fact been achieved.
                Within one Business Day after the receipt of the Contractor’s notice by
                the Owner, the Owner shall either (i) notify the Contractor that
                Final
                Completion has been achieved, or (ii) notify the Contractor that
                Final
                Completion has not been achieved and stating the reasons therefore.
                Should
                the Owner fail to respond to the Contractor’s notice within such one
                Business Day period, Final Completion shall be deemed to have been
                achieved. 

            

    

    

    
      	
              6.4.2.

            	
              In
                the event the Owner (or the Owner’s Appointed Representative) provides
                timely notice that Final Completion has not been achieved, the Contractor
                shall, at its sole cost and expense, immediately take steps to correct
                and/or remedy the defects, deficiencies and other conditions which
                so
                prevent Final Completion associated with the turbines and their
                commissioning. Upon completion of such corrective and/or remedial
                actions,
                the Contractor’s Supervisor shall resubmit its notice stating that it
                believes Final Completion has been achieved and the foregoing procedures
                shall be repeated until Final Completion has in fact been
                achieved.

            

    

    

    
      	
              6.4.3.

            	
              Once
                Final Completion is deemed to have been achieved, the Contractor
                and the
                Owner shall thereafter execute a “Certificate of Final Completion” (in the
                form attached hereto as Exhibit
                O: Form of Certificate of Final Completion)
                establishing and identifying the Final Completion Date, which date
                shall
                be the date the Contractor sent the notice to Owner indicating achievement
                of Final Completion. 

            

    

     

    
      	
              7.

            	
              Excusable
                events 

            

    

     

    
      	
              7.1.

            	
              Contractor
                shall be entitled to an equitable adjustment in the Contract Price
                and the
                Milestone Schedule (including, without limitation, the Delivery Deadline)
                upon the occurrence of an Excusable Event. For purposes of this Agreement,
                an “Excusable Event” shall mean and refer
                to:

            

    

    

    
      	
              7.1.1.

            	
              Delays
                or interference with the Work resulting from the acts or omissions
                of
                Owner, its contractors, subcontractors, employees or other parties
                for
                whom the Owner may be liable (including, without limitation, any
                contractors or subcontractors performing the Balance of
                Plant);

            

    

    

    
      	
              7.1.2.

            	
              The
                occurrence of a Force Majeure
                event;

            

    

    

    
      
        
        

      

      
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              7.1.3.

            	
              The
                discovery of concealed or unknown physical conditions at the Project
                Site;

            

    

    

    
      	
              7.1.4.

            	
              The
                discovery of any Hazardous Substances at the Project Site for which
                the
                Contractor is not responsible as provided in this
                Agreement;

            

    

    

    
      	
              7.1.5.

            	
              A
                Change in Law;

            

    

    

    
      	
              7.1.6.

            	
              The
                failure of the Owner to acquire any of the permits or other items
                which
                the Owner is required to obtain pursuant to Section 4.4,
                including, without limitation, the failure to acquire such permits
                in a
                timely fashion so that Contractor may perform the
                Work;

            

    

    

    
      	
              7.1.7.

            	
              The
                suspension of the Work in whole or in part by the Owner pursuant
                to the
                terms of this Agreement;

            

    

    

    
      	
              7.1.8.

            	
              Stoppages
                in the Work which occur pursuant to the terms and provisions of Section
                15.4;

            

    

    

    
      	
              7.1.9.

            	
              Failure
                of the Owner to: 

            

    

    

    
      	
              7.1.9.1.

            	
              Complete
                any portion of the Balance of Plant by the corresponding deadline
                provided
                in the Milestone Schedule;

            

    

    

    
      	
              7.1.9.2.

            	
              Supply
                the tower of the wind turbine;

            

    

    

    
      	
              7.1.9.3.

            	
              Supply
                of the foundation;

            

    

    

    
      	
              7.1.9.4.

            	
              Comply
                with Exhibit
                I: Unloading, Crane and Access Road Requirements.

            

    

    

    
      	
              7.1.9.5.

            	
              To
                install the Interconnection Facilities and to energize the Project
                by the
                dates set forth in the Milestone Schedule as a result of any acts
                or
                omissions by Owner, its contractors or others for whom Owner may
                be
                responsible.

            

    

    

    
      	
              7.1.9.6.

            	
              To
                properly and timely complete any portion of the Balance of Plant,
                including without limitation, the failure to erect, install and
                Mechanically Complete the Turbine Equipment in accordance with the
                Manuals
                and the instructions given by Contactor’s Supervisor or
                

            

    

    

    
      	
              7.1.9.7.

            	
              Deliver
                the Notice to Proceed to the Contractor within a period of fifteen
                (15)
                business days from the date of this
                agreement.

            

    

    

    
      
        
        

      

      
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              7.2.

            	
              Once
                the Parties have mutually agreed as to the adjustment in the Contract
                Price and/or the Milestone Schedule, if any, due to the occurrence
                of an
                Excusable Event, they shall enter into a Change Order reflecting
                their
                agreement as to the same.

            

    

     

    
      	
              8.

            	
              Change
                Orders

            

    

     

    
      	
              8.1.

            	
              A
                “Change Order” is a written instrument signed by the Owner and Contractor,
                stating their mutual agreement upon all of the following: (i) a change
                in
                the Work; (ii) the amount of the adjustment in the Contract Price,
                if any
                (iii) the adjustment to warranties given, if any; and (iv) the extent
                of
                the adjustment in the Milestone Schedule, if
                any.

            

    

    

    
      	
              8.2.

            	
              Notwithstanding
                anything to the contrary contained in this Agreement, the Contractor
                shall
                not be obligated to proceed with any change in the Work requested
                by Owner
                unless and until a Change Order is executed by the Parties in relation
                to
                such change. Further, the Contractor shall not be required to implement
                a
                requested change in the Work by Owner if Contractor reasonably believes
                the implementation of such change could impair its ability to achieve
                any
                of the performance guarantees, warranties or covenants set forth
                in this
                Agreement.

            

    

     

    
      	
              9.

            	
              Hazardous
                Substances

            

    

     

    
      	
              9.1.

            	
              Owner
                shall bear all costs and expenses and shall be solely liable for
                any
                response, removal, investigation, cleanup, or other remedial action
                required by applicable environmental laws related to any Hazardous
                Substance introduced to the Project Site by any party other than
                the
                Contractor or its Subcontractors.

            

    

    

    
      	
              9.2.

            	
              To
                the fullest extent permitted by law, Owner shall
                indemnify, defend and hold harmless the Contractor, and its parent
                company, officers, directors, employees, agents, affiliates, and
                representatives, from and against any and all claims, demands, suits,
                liabilities, fines, injuries (personal or bodily), property damage,
                causes
                of action, losses, costs, expenses, damages or penalties, including,
                without limitation, court costs and reasonable attorneys’ fees, arising
                out of, or resulting from, or occasioned by or in connection with
                any
                Hazardous Substance, existing at, in, on or under the Project Site,
                unless
                the same is introduced to the Project Site by any party other than
                the
                Contractor or its Subcontractors. 

            

    

     

    
      
        
        

      

      
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          24
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                10.

              	
                Limitation
                  of Liability

              

      

       

    

    
      	
              10.1.

            	
              Notwithstanding
                anything to the contrary contained in this Agreement, in no event
                shall
                Contractor, its parent company, affiliates, contractors, subcontractors,
                consultants, vendors, Contractors and agents be liable, alone or
                in the
                aggregate, to Owner for any damages, claims, demands, suits, causes
                of
                action, losses, costs, expenses and/or liabilities related in any
                manner
                to this Agreement in excess of an amount equal to fifteen percent
                (15%) of
                the Contract Price, regardless of whether such liability arises out
                of
                breach of contract, guarantee or warranty, tort, product liability,
                indemnity, contribution, strict liability or any other legal theory;
                provided, however, the preceding limitation of liability shall not
                apply
                to, and no credit shall be issued against such liability for, Contractor’s
                indemnity obligations set forth in Sections 13.1
                solely as they relate to claims by third parties for bodily injury
                or
                property damage.

            

    

    

    
      	
              10.2.

            	
              Notwithstanding
                anything to the contrary contained in this Agreement, Owner and Contractor
                waive all claims against each other (and against each other’s parent
                company, affiliates, contractors, subcontractors, consultants, vendors,
                Contractors and agents) for any consequential, incidental, indirect,
                special, exemplary or punitive damages (including, but not limited
                to,
                loss of actual or anticipated profits, revenues or product; loss
                by reason
                of shutdown or non-operation; increased expense of operation, borrowing
                or
                financing; loss of use or productivity; or increased cost of capital),
                and
                regardless of whether any such claim arises out of breach of contract
                or
                guarantee, tort, product liability, indemnity, contribution, strict
                liability or any other legal theory. Any consequential, incidental,
                indirect, special, and exemplary or punitive damages incurred by
                the
                Contractor or Owner in relation to a third party shall, for all purposes
                of this Agreement, be deemed consequential, incidental, indirect,
                special,
                and exemplary or punitive damages in relation to any claim brought
                by the
                Contractor or Owner against the other party to this Agreement. Any
                liquidated damages payable by Contractor under this Agreement shall
                not be
                deemed consequential damages for purposes of this
                Agreement.

            

    

     

    
      	
              11.

            	
              Contract
                Price and Payment

            

    

     

    
      	
              11.1.

            	
              The
                Owner shall pay the Contractor for the due, proper and complete
                performance of the Work as required hereunder, the “Contract Price” of
                [***] subject
                to additions and deductions by Change Order as provided in this Agreement.
                The Contract Price shall be paid to the Contractor in US$. 

            

    

    

    
      	
              11.2.

            	
              Upon
                completion of the following Milestones, the corresponding portion
                of the
                Contract Price shall be due and payable to Contractor (each, a “Milestone
                Payment”):

            

    

     

      
        

      

    

    [***]   This
      material has been omitted pursuant to a request for confidential treatment
      and
      filed separately with the Securities and Exchange Commission.

     

    
      
        
        

      

      
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          25
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              Milestone

            	 	
              Milestone
                Payment

            
	 	 	 
	
              Signing
                of this Agreement

            	 	
              [***]

            
	 	 	 
	
              Issue
                of Notice to Proceed

            	 	
              [***]

            
	 	 	 
	
              Delivery
                of Turbine Equipment FOB Hamburg / FOB TECO

            	 	
              [***]

            
	 	 	 
	
              the
                date upon which Facility
                Substantial Completion
                is
                achieved

            	 	
              [***]

            
	 	 	 
	
              the
                date upon which Final
                Completion
                is
                achieved

            	 	
              [***]

            

    

     

    
      	
              11.2.1.

            	
              The
                contractor is to provide all Wind Turbine components as one consignment
                for import into Chile except the tower which is supplied by the Owner.
                In
                the event that components are shipped or delivered as multiple
                consignments of more than two, the Owner will be entitled to recover
                any
                additional costs associated with accepting the multiple consignments
                from
                the Contractor. 

            

    

    

    
      	
              11.2.2.

            	
              The
                Delivery deadline date for consignments to the port of Hamburg and
                TECO
                Dock, Round Rock, Texas will be April 30th,
                2008.

            

    

    

    
      	
              11.2.3.

            	
              Within
                fifteen (15) business days after receipt of each application for
                Payment,
                the Owner shall pay directly to the account of Contractor, as identified
                in Exhibit
                D: Contractor’s Account for Progress Payments,
                the amount properly due with respect to each such application. The
                Notice
                to Proceed will be issued by the Owner to the Contractor within a
                period
                of fifteen (15) business days from the date of this
                agreement.

            

    

     

    
      
        

      

      [***]   This
        material has been omitted pursuant to a request for confidential treatment
        and
        filed separately with the Securities and Exchange Commission.

       

      
        
          
          

        

        
          Page
            26
            of 34

          
            

          

        

        
          
          

        

         

      

    

    
      	
              11.2.4.

            	
              Contractor
                will provide Owner with a Parent Company Guarantee in the form attached
                to
                this agreement as Exhibit
                R Parent Company Guarantee
                to
                cover any advance payments prior to delivery FOB Hamburg / FOB TECO
                which
                shall expire on such delivery. Contractor
                will then replace the Parent Company Guarantee as attached in Exhibit
                R
                with a Parent Company Operating Guarantee (as attached in Exhibit
                U
                Contractor’s Parent Company Operating Guarantee) for the sole benefit of
                Owner to a value of USD 500,000 to remain in effect until expiry
                of the
                Turbine Manufacturer’s warranty.

            

    

    

    
      	
              11.2.5.

            	
              Not
                more than five (5) business days from the date the Turbine Equipment
                leaves the factory for the Port of Hamburg/ TECO Dock, Round Rock,
                Texas,
                Contractor will provide Owner with proof of loading onto
                transport.

            

    

    

    
      	
              11.2.6.

            	
              Should
                the Owner fail to pay any undisputed amount to Contractor when the
                same is
                due, Contractor may, without prejudice to any other rights or remedies
                it
                may have under this Agreement, stop its performance of the Work,
                subject
                to giving the Owner 14 days notice in writing of the intention to
                suspend
                the works, until payment of the amount owing has been received by
                Contractor. In the event that such action is subsequently found to
                be a
                result of default by the Contractor, the Owner shall be entitled
                to
                recover any reasonable costs incurred as a result of the Contractor’s
                decision to suspend the works.

            

    

     

    
      	
              12.

            	
              Representations
                and warranties of the Parties 

            

    

     

    The
      Parties hereby represent and warrant as follows:

    

    
      	
              12.1.

            	
              The
                Contractor is a corporation duly organized, validly existing and
                in good
                standing under the laws of the State of Nevada,
                USA.

            

    

    

    
      	
              12.2.

            	
              The
                execution, delivery and performance of this Agreement by the Parties
                have
                been duly authorized by all necessary corporate action on the part
                of the
                Parties and do not and will not require the consent of any trustee
                or
                holder of any indebtedness or other obligation of the Parties or
                any other
                party to any other agreement with the
                Parties.

            

    

    

    
      	
              12.3.

            	
              This
                Agreement has been duly executed and delivered by the Parties. This
                Agreement constitutes the legal, valid, binding and enforceable obligation
                of the Parties, except to the extent that its enforceability may
                be
                limited by bankruptcy, insolvency, reorganization, moratorium or
                other
                similar laws affecting the rights of creditors generally or by principles
                of equity.

            

    

    

    
      
        
        

      

      
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          27
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              12.4.

            	
              No
                governmental authorization, approval, order, license, permit, franchise
                or
                consent, and no registration, declaration or filing with any governmental
                authority is required on the part of Parties in connection with the
                execution, delivery and performance of this Agreement, except those
                which
                have already been obtained or which Parties anticipates will be timely
                obtained in the ordinary course of performance of this
                Agreement. 

            

    

     

    
      	
              13.

            	
              Mutual
                indemnity and indemnification for
                infringement

            

    

     

    
      	
              13.1.

            	
              Owner,
                as one party, and Contractor, as the other party, agree to defend,
                indemnify and hold each other, and each other’s lenders, parent company,
                affiliates, officers, directors, agents and employees, harmless from
                and
                against any claims, losses, damages or liabilities (including, but
                not
                limited to, reasonable attorneys’ fees and court costs, but excluding
                consequential damages) on account of any claim by a third party for
                bodily
                injury or property damage against the indemnified party caused by
                the
                negligent act or omission, or willful misconduct, of the indemnifying
                party or the indemnifying party’s employees, contractors, subcontractors
                or agents, in connection with the performance of their respective
                obligations under this Agreement. 

            

    

     

    
      	
              14.

            	
              Insurance

            

    

     

    
      	
              14.1.

            	
              The
                Owner and the Contractor shall each procure and maintain the insurance
                coverage identified in Exhibit
                F: Insurance Coverage,
                and shall do so in accordance with the terms and conditions of such
                Exhibit.

            

    

     

    
      	
              15.

            	
              Default,
                cure,
                remedies

            

    

     

    Contractor
      Default

    

    
      	
              15.1.

            	
              The
                occurrence of any one or more of the following matters constitutes
                a
                default by the Contractor under this Agreement: 

            

    

    

    
      	
              15.1.1.

            	
              Contractor
                becomes insolvent, or generally does not pay its debts as they become
                due,
                or admits in writing its inability to pay its
                debts;

            

    

    

    
      	
              15.1.2.

            	
              Contractor
                makes a general assignment for the benefit of creditors;
                

            

    

    

    
      	
              15.1.3.

            	
              Insolvency,
                receivership, reorganization, or bankruptcy proceedings are commenced
                by
                or against Contractor;

            

    

    

    
      	
              15.1.4.

            	
              Contractor
                assigns or transfers the Agreement or any right or interest herein,
                except
                as expressly permitted herein (as in Section 19.2 of this Agreement);
                

            

    

    

    
      
        
        

      

      
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          28
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              15.1.5.

            	
              Any
                material representation or warranty made by Contractor herein was
                false or
                intentionally misleading when made;
                or

            

    

    

    
      	
              15.1.6.

            	
              Contractor
                fails to perform any material term or provision of this Agreement,
                and
                such failure continues for thirty (30) days following receipt of
                written
                notice from Owner to cure such failure; provided, however, if such
                failure
                cannot with due diligence be remedied by Contractor within such thirty
                (30) day period, and the Contractor shall have diligently prosecuted
                the
                remedying of such failure within such thirty (30) days, such period
                shall
                be extended by such additional time period as may be reasonably required
                by Contractor to cure such failure;
                or

            

    

    

    
      	
              15.2.

            	
              In
                the event Contractor is in default pursuant to Section 15.1,
                Owner shall have the following rights and remedies, in addition to
                those
                rights and remedies that may be available to Owner at law or in equity,
                and Contractor shall have the following
                obligations:

            

    

    

    
      	
              15.2.1.

            	
              Owner,
                without prejudice to any of its other rights or remedies, may terminate
                this Agreement forthwith by delivery of a written notice of termination
                to
                Contractor;

            

    

    

    
      	
              15.2.2.

            	
              Upon
                termination of this Agreement following a default by Contractor,
                Contractor shall withdraw from the Project Site, shall assign to
                Owner
                Contractor’s subcontracts, and shall remove any debris or waste materials
                generated by Contractor in the performance of the Work hereunder;
                and.

            

    

    

    
      	
              15.2.3.

            	
              Owner
                shall thereupon have the right to have the Work hereunder
                completed.

            

    

    

    
      	
              15.3.

            	
              Upon
                the occurrence of a Contractor Default, the Owner may, without prejudice
                to any other right or remedy the Owner may have under this Agreement
                or at
                law and/or in equity, terminate the Agreement and/or the Contractor’s
                right to perform the Work.

            

    

    

    Owner
      Default

    

    
      	
              15.4.

            	
              The
                occurrence of any one or more of the following matters constitutes
                a
                default by the Owner under this
                Agreement:

            

    

    

    
      	
              15.4.1.

            	
              Owner
                becomes insolvent, or generally does not pay its debts as they become
                due,
                or admits in writing its inability to pay its
                debts;

            

    

    

    
      	
              15.4.2.

            	
              Owner
                makes a general assignment for the benefit of creditors;
                

            

    

    

    
      
        
        

      

      
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          29
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              15.4.3.

            	
              Insolvency,
                receivership, reorganization or bankruptcy proceedings are commenced
                by or
                against Owner; 

            

    

    

    
      	
              15.4.4.

            	
              Owner
                assigns or transfers this Agreement or any right or interest therein,
                except as otherwise expressly permitted hereunder;
                

            

    

    

    
      	
              15.4.5.

            	
              Any
                material representation or warranty made by the Owner herein was
                false or
                intentionally misleading when made;

            

    

    

    
      	
              15.4.6.

            	
              Owner
                fails to make any payment to Contractor when due pursuant to the
                terms of
                this Agreement, and such failure continues for thirty (30) days following
                receipt of written notice from Contractor to cure such failure;
                or

            

    

    

    
      	
              15.4.7.

            	
              Owner
                fails to perform any material term or provision of this Agreement
                (excluding its payment obligations as addressed in the preceding
                subsection 15.4.6)
                and such failure continues for thirty (30) following receipt of written
                notice from Contractor to cure such failure; provided, however, if
                such
                failure cannot with due diligence be remedied by Owner within such
                thirty
                (30) day period, and the Owner shall have diligently prosecuted the
                remedying of such failure within such thirty (30) days, such period
                shall
                be extended by such additional time period as may be reasonably required
                by Owner to cure such failure; 

            

    

    

    
      	
              15.5.

            	
              In
                the event that Owner is in default pursuant to Section 15.4,
                Contractor may, without prejudice to any other rights or remedies
                it may
                have under this Agreement or at law or in equity, elect to terminate
                this
                Agreement by giving written notice of termination to Owner. In addition
                thereto, Contractor shall have all other rights and remedies to which
                it
                is entitled under this Agreement and/or at law or in equity.

            

    

     

    
      	
              16.

            	
              Additional
                termination rights

            

    

     

    
      	
              16.1.

            	
              If
                the Work, or a material portion thereof, is suspended by the Owner
                for
                more than twelve (12) consecutive months pursuant to the terms of
                Section
                16.2
                or
                is delayed or interrupted for more than twelve (12) consecutive months
                by
                reason of a Force Majeure event, the Contractor may, in either such
                case,
                terminate this Agreement by providing written notice thereof to Owner.
                In
                the event this Agreement is so terminated, the Contractor shall be
                entitled to payment from Owner for all Work performed by Contractor
                to the
                date of termination and reimbursement for all demobilization costs
                incurred by Contractor and for all cancellation charges payable by
                Contractor to its Subcontractors.

            

    

    

    
      
        
        

      

      
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          30
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              16.2.

            	
              The
                Owner may, without cause, order the Contractor to suspend the Work
                in
                whole or in part for such period of time as the Owner may determine.
                Any
                such suspension shall commence on the fifth (5) day after Contractor’s
                receipt of written notice thereof from Owner. The Contractor shall
                resume
                any suspended Work within ten (10) days of Owner’s written notice
                directing the same. In the event the Work is so suspended, the Contractor
                shall be entitled to payment from Owner for all Work performed by
                Contractor to the date of suspension and reimbursement for all costs
                incurred by Contractor and for all cancellation or suspension charges
                payable by Contractor to its Subcontractors.

            

    

     

    
      	
              17.

            	
              Confidentiality
                and intellectual property

            

    

     

    
      	
              17.1.

            	
              The
                WTG Specifications and any other drawings, specifications, designs,
                plans,
                other documents and software prepared by or on behalf of the Contractor
                and/or Subcontractors in connection with the Turbine Equipment or
                the Work
                (collectively, the “Licensed Materials”), and all Intellectual Property
                Rights, if any, relating to the Licensed Materials or the contents
                of or
                concepts embodied in the Licensed Materials, are and shall remain
                the
                exclusive property of the Contractor or the Subcontractors, as the
                case
                may be. Subject to the Owner’s payment of the entire Contract Price, the
                Contractor hereby grants and will cause to be granted and delivered
                to the
                Owner from Subcontractors, whichever is appropriate, a paid-up,
                non-exclusive, world-wide license for the Owner to use, reproduce
                and have
                reproduced such Licensed Materials for use as set forth in this Agreement
                subject to the restrictions set forth below: 

            

    

    

    
      	
              17.1.1.

            	
              All
                Intellectual Property Rights in or relating to any of the Licensed
                Materials shall remain the property of the Contractor or the appropriate
                Subcontractor, whether or not the Turbine Equipment is installed;
                and

            

    

    

    
      	
              17.1.2.

            	
              The
                Owner shall not, without the prior written consent of the Contractor,
                use
                such Licensed Materials, in whole or in part, in relation to any
                project
                other than the Project. The Owner may only use such Licensed Materials
                for
                the operation, maintenance and repair of the Turbine Equipment after
                Final
                Completion.

            

    

    

    
      	
              17.1.3.

            	
              The
                Owner shall not modify, change or alter the Licensed
                Materials.

            

    

    

    
      	
              17.1.4.

            	
              The
                Owner shall indemnify, defend and hold harmless the Contractor and
                its
                Subcontractors for any costs, expenses or liabilities incurred by
                the
                Contractor or its Subcontractors by reason of any misuse or incorrect
                use
                by the Owner of the Licensed
                Materials.

            

    

    

    
      
        
        

      

      
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          31
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              17.2.

            	
              The
                Owner and the Contractor each agree to keep confidential the terms
                and
                provisions of this Agreement and the Licensed Material, upon receipt
                from
                the other party, any documentation or information which is supplied
                in
                written form or orally (collectively the “Confidential Information”). The
                Parties will grant access to such documentation and information only
                to
                their respective employees and authorized operators, subcontractors
                and
                agents whose access is necessary to fulfill the terms of this Agreement,
                who shall be bound by the terms and provisions of this
                Section.

            

    

    

    
      	
              17.3.

            	
              The
                Contractor shall keep confidential all details of the Project and
                any of
                the Parties involved. Publication in any form of information relating
                to
                the Project or its Parties will be subject to Owner’s written approval.
                

            

    

    

    
      	
              17.4.

            	
              The
                Owner may use Confidential Information of the Contractor for the
                repair,
                operation and maintenance of the Turbine Equipment, provided that
                the
                Owner makes any third party with which such confidential information
                is
                shared subject to a written confidentiality provision with terms
                identical
                to those set forth herein. Each Party shall be liable for the disclosure
                of Confidential Information by any of its respective employees,
                contractors, subcontractors, representatives or agents. In addition,
                the
                Parties shall have no obligation with respect to any such documentation
                or
                information which (i) is or becomes publicly known through no act
                of the
                receiving Party, (ii) is approved for release by written authorization
                of
                the disclosing Party, (iii) is required to be disclosed by the receiving
                Party pursuant to a legal process (provided that the receiving party
                uses
                commercially reasonably efforts to avoid disclosure of such Confidential
                Information and prior to furnishing such Confidential Information,
                the
                receiving party notifies the disclosing party and gives the disclosing
                party the opportunity to object to the disclosure and/or seek a protective
                order or (iv) has been rightfully furnished to the receiving Party
                without
                any restriction on use or disclosure and not in violation of the
                rights of
                the other Party. Nothing in this Agreement shall bar the right of
                either
                Party to seek and obtain from any court injunctive relief against
                conduct
                or threatened conduct which violates this
                Section.

            

    

     

    
      	
              18.

            	
              Governing
                law

            

    

     

    
      	
              18.1.

            	
              This
                Agreement shall be governed by, and shall be construed in accordance
                with
                the laws of the State of California,
                USA.

            

    

     

    
      	
              18.2.

            	
              Any
                dispute in connection with this Agreement shall be finally settled
                by
                arbitration in accordance with the rules of the American Arbitration
                Association. The arbitration procedure shall take place in Los Angeles,
                California and shall be carried out in the English
                Language.

            

    

     

    
      
        
        

      

      
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          32
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              19.

            	
              General
                provisions

            

    

     

    
      	
              19.1.

            	
              No
                delay or omission by the Parties hereto in exercising any right or
                remedy
                provided for herein shall constitute a waiver of such right or remedy
                nor
                shall it be construed as a bar to or waiver of any such right or
                remedy on
                any future occasion.

            

    

    

    
      	
              19.2.

            	
              Neither
                Contractor nor Owner may assign, convey or transfer this Agreement,
                in
                whole or in part, except upon the prior written consent of the other
                party
                hereto, which consent shall not be unreasonably
                withheld.

            

    

    

    
      	
              19.3.

            	
              Notwithstanding
                anything to the contrary contained in this Agreement, Owner covenants
                and
                agrees that, after the Final Completion Date, Owner will not assert
                against Contractor any claims or causes of action of any nature whatsoever
                (whether stated in contract, tort or other legal theory) arising
                out of
                this Agreement and/or the performance of the Work by Contractor
                hereunder.

            

    

    
      	
              19.4.

            	
              This
                Agreement may be modified or amended only by an instrument in writing
                signed by the Parties hereto.

            

    

    

    
      	
              19.5.

            	
              In
                the event any provision of this Agreement is found to be invalid
                or
                unenforceable, the Parties agree that this shall affect neither the
                validity of this Agreement nor the remaining provisions herein, and
                the
                provision in question shall be deemed to be replaced with a valid
                and
                enforceable provision most closely reflecting the intent and purpose
                of
                the original provision.

            

    

    

    
      	
              19.6.

            	
              This
                Agreement replaces all previous agreements or statements, both oral
                and
                written, relating to the subject matter
                hereof.

            

    

     

    
      	
              19.7.

            	
              Any
                document, manual, certificate or notice required or authorized to
                be given
                hereunder for the operation of the
                Project shall be provided in the English
                language.

            

    

    

    
      	
              19.8.

            	
              This
                Agreement may be executed by the Parties in one or more counterparts,
                all
                of which taken together, shall constitute one and the same
                instrument.

            

    

     

    
      	DeWind Inc.	 	
              Enerserve
                Limited

            
	 	
               

               

            	 	 	
               

               

            
	By: 	/s/
              Benton
              Wilcoxon	 	By: 	/s/
              Tim
              Adams
	 	
              

              Name:
                Benton Wilcoxon

            	 	 	
              
Name:
              Tim Adams
	 	
              Title:
                President

            	 	 	
              Title:
                Managing Director

            

    

     

    
      
        
        

      

      
        Page
          33
          of 34

        
          

        

      

      
        
        

      

    

     

    Exhibit
      A: WTG and SCADA Specifications

     

    Exhibit
      B: Project Site

     

    Exhibit
      C: Milestone Schedule

     

    Exhibit
      D: Contractor’s Account for Progress Payments

     

    Exhibit
      F: Insurance Coverage

     

    Exhibit
      G: Commissioning Test and Inspection Procedures

     

    Exhibit
      H: Deleted

     

    Exhibit
      I: Unloading, Crane and Access Road Requirements

     

    Exhibit
      J: Notice to Proceed

     

    Exhibit
      K: Mechanical Completion Checklist

     

    Exhibit
      L: Form of Certificate of Mechanical Completion

     

    Exhibit
      M: Form of Certification of Commissioning

     

    Exhibit
      N: Form of Certificate of Facility Substantial Completion

     

    Exhibit
      O: Form of Certificate of Final Completion

     

    Exhibit
      P: Owners’ Scope of Supply

     

    Exhibit
      Q: Site Environmental Conditions

     

    Exhibit
      R: Parent Company Guarantee

     

    Exhibit
      S: Power Curve

     

    Exhibit
      T: Availability Guarantee

     

    Exhibit
      U: Parent Company Operating Guarantee

     

    Exhibit
      V: Warranty

     

    
      
        
        

      

      
        Page
          34
          of 34

        
          

        

      

      
        
        

      

    

     

    
      	 	 

    

     

    Exhibit
      A - Wind Turbine Generator and SCADA Specification

    
       

      
        
          
          

        

        
          
          

          
            
2026
            McGaw Avenue, Irvine, California, 92614,
            USA

        

        
          
          

        

      

      	 	 

    

     

    Technical
      Specification

    

    DeWind
      D8

    

    2000kW
      Wind Turbine

    

    
      
        
        

      

      
        Page
          2
          of  2

        
          

        

      

      
        
        

      

    

     

    
      
        	 	 

      

       

    

    
      	
              1

            	
              Design
                of the wind
                turbine

            

    

    

    The
      DeWind D8 is a three-blade upwind turbine with pitch control and horizontal
      axis. The turbine has a rated power of 2000 kW and can be supplied with
      different hub heights to suit the particular site conditions and planning
      requirements.

    

    The
      outstanding features of the DeWind D8 are effective utilisation of the available
      wind, quiet operation, good grid compatibility, longevity and attractive design.
      The turbine operates with variable rotor speed and is thus capable of producing
      electric power efficiently at low wind speeds, and utilising the energy of
      gusts
      without overloading the grid or turbine components. The combination of a
      double-fed asynchronous generator with a state of the art IGBT converter
      isolates grid voltage and frequency from the generator speed thus enabling
      connection of the turbine to most power supply networks. 

     

    Table
      1. General
      technical data

     

    
      
        	
              	 	
                Unit

              	 	
                Value

              
	
                Type

                 

              	 	
              	 	
                Variable
                  speed horizontal axis wind turbine with 3-blade rotor, double-fed
                  asynchronous generator and pitch control 

              
	
                Rated
                  power

              	 	
                kW

              	 	
                2000

              
	
                Rotor
                  diameter

              	 	
                m

              	 	
                80

              
	
                Hub
                  height

              	 	
                m

              	 	
                60/80

              	
                100

              
	
                Wind
                  zone DIBT

              	 	
              	 	
                III

              	
                II

              
	
                Wind
                  class GL

              	 	
              	 	
                II

              	
                III

              
	
                Power
                  control

              	 	
              	 	
                via
                  common pitch control

              
	
                Cut-in
                  wind speed

              	 	
                m/s

              	 	
                3

              
	
                Nominal
                  wind speed

              	 	
                m/s

              	 	
                13.5

              
	
                Shutdown
                  wind speed

              	 	
                m/s

              	 	
                25

              
	
                Survival
                  wind speed

              	 	
                m/s

              	 	
                57.4

              	
                49.8

              
	
                Rated
                  speed rotor

              	 	
                1/min

              	 	
                18.0

              
	
                Speed
                  range rotor

              	 	
                1/min

              	 	
                11.1
                  - 20.7

              
	
                Speed
                  control

              	 	
              	 	
                via
                  common pitch control

              
	
                Speed
                  limitation

              	 	
              	 	
                Common
                  pitch control and single blade pitch control

              
	
                Main
                  braking system

                 

              	 	
              	 	
                2
                  separate safety systems consisting of common pitch control and
                  single
                  blade pitch control

              
	
                Service
                  brake

              	 	
              	 	
                Disc
                  brake

              
	
                Lightning
                  protection

              	 	 	 	
                Lightning
                  arrestor built into the rotor
                  blades

              

      

    

     

    
      	
              Note:
                

            	
              Our
                range of products is subject to a programme of continuous development;
                the
                equipment supplied may vary in detail from this
                specification.

            

    

     

    
      
        
        

      

      
        Page
          3
          of  3

        
          

        

      

      
        
        

      

    

    
       

      
        	 	 

      

       

      
        Main
          Nacelle Components

      

       

    

    
      
        	
                1

              	
                2

              	
                3

              	
                4

              	
                5

              	
                6

              	
                7

              	
                8

              

      

      

      

      

      
        	
                9

              	
                10

              	
                11

              	
                12

              	
                13

              	
                14

              	
                15

              	
                16

              

      

       

      
        	
                1

              	
                Rotor
                  Locking Device

              	
                9

              	
                Yaw
                  Drive

              
	
                2

              	
                Main
                  Bearing

              	
                10

              	
                Yaw
                  Bearing

              
	
                3

              	
                Rotor
                  Shaft

              	
                11

              	
                Base
                  Frame (front part)

              
	
                4

              	
                Gearbox

              	
                12

              	
                Base
                  Frame (rear part)

              
	
                5

              	
                Coupling
                  and Brake

              	
                13

              	
                Nacelle
                  Entrance

              
	
                6

              	
                Generator
                  with Heat Exchanger

              	
                14

              	
                Hydraulic
                  Unit

              
	
                7

              	
                Nacelle
                  wind measuring mast

              	
                15

              	
                Control
                  Cabinet

              
	
                8

              	
                Nacelle
                  Housing

              	
                16

              	
                Heat
                  Exchanger Gearbox

              

      

       

      
        
          
          

        

        
          Page
            4
            of  4

          
            

          

        

        
          
          

        

      

       

      
        
          	 	 

        

         

      

      
        	
                2

              	
                Main
                  shaft

              

      

      

      The
        main
        shaft of the DeWind D8 is forged of high-grade heat-treated steel and supported
        at the shaft end by a robust spherical roller bearing that absorbs all rotor
        forces. Connection to the gearbox is by a clamp ring. Within the gearbox,
        the
        main shaft is mounted in a cylindrical roller bearing. 

      

      The
        main
        shaft is hollow inside. The pressure and return piping for the pitch cylinders
        in the rotor hub as well as the electrical connections to the pitch angle
        limit
        switches are installed through the middle of the main shaft.

      

      
        	3	
                Rotor

              

      

      

      The
        rotor
        consists of a highly tensile cast iron hub to which are fixed three rotor
        blades
        pivoted about their longitudinal axis. The equipment for the hydraulic pitch
        control system is accommodated inside the rotor hub. 

      

      The
        aerodynamically and acoustically optimised rotor blades are manufactured
        of
        carbon and glass fibre reinforced plastics and have an integrated lightning
        protection of laminated aluminium section. They are bolted to the rotor hub.
        The
        hub is protected against environmental influences by a GRP spinner. Both
        spinner
        and hub are painted Light Grey (RAL 7035). The blades are painted Traffic
        White
        (RAL 9016).

       

      Table
        2. Technical
        data - rotor

      

      
        	
                 

              	 	
                Unit

              	 	
                
                

                Value

              	 
	
                Rotor
                  diameter

              	 	
                
                

                m

              	 	
                
                

                80

              	 
	
                Number
                  of rotor blades

              	 	
                
                

                piece

              	 	
                
                

                3

              	 
	
                Swept
                  area

              	 	
                
                

                m2

              	 	
                
                

                5027

              	 
	
                Length
                  of blades

              	 	
                
                

                m

              	 	
                
                

                39,1

              	 
	
                Hub
                  material

              	 	
              	 	
                
                

                Ductile
                  cast iron

              	 
	
                Blade
                  material

              	 	 	 	
                
                

                CFP
                  / GFP

              	 
	
                Weight
                  per blade

              	 	
                
                

                t

              	 	
                
                

                6.65

              	 
	
                Weight
                  of the complete hub without blades

              	 	
                
                

                t

              	 	
                
                

                20.7

              	 

      

      

      
        	4	
                Pitch
                  system

              

      

      

      The
        task
        of the pitch control system is to match the rotor blade position to match
        the
        available wind. Thus, aerodynamically flow conditions are always optimised
        on
        the rotor blades; a prerequisite for quiet and effective operation minimising
        wind turbine structural loadings. At and above nominal rated wind speed,
        the
        power output is limited to rated power. At high wind speeds, the pitch system
        acts as the aerodynamic main brake.

      

      Two
        hydraulic systems that are independent of each other control the adjustment
        of
        the blades. The first system is for common pitch control. It consists of
        three
        hydraulic cylinders arranged in the hub, which move the rotor blades together
        via a linking mechanism. Hydraulic accumulators accommodated in the nacelle
        give
        a back-up operational capability of the braking system in the unlikely event
        of
        failure of the hydraulic unit. 

      

      The
        second system is for single pitch control. To accomplish this, each rotor
        blade
        uses its own adjusting cylinder (safety cylinder) that moves the rotor blade
        independently of the other pitch cylinders. Each of these safety cylinders
        is
        backed up by its own hydraulic accumulator so that in the event of failure
        of
        the main hydraulic system the blade can always be moved into the feathered
        position. 

       

      
        
          
          

        

        
          Page
            5
            of  5

          
            

          

        

        
          
          

        

      

       

      
        	 	 

      

       

      Table
        3. Technical
        data - pitch system

       

      
        	 	 	
                Unit

              	 	
                Value

              
	
                Arrangement

              	 	 	 	
                in
                  the centre of the rotor hub

              
	
                Drive

              	 	 	 	
                hydraulic

              
	
                Function

              	 	 	 	
                Single
                  pitch control and central pitch control

              
	
                Maximum
                  pitch control speed single
                  pitch control

              	 	
                °/s

              	 	 
	
                Maximum
                  pitch angle single pitch control

              	 	
                °

              	 	
                46

              
	
                Maximum
                  pitch control speed common
                  pitch control

              	 	
                °/s

              	 	 
	
                Maximum
                  pitch angle common pitch control

              	 	
                °

              	 	
                45

              
	
                Maximum
                  pitch control speed in total

              	 	
                °/s

              	 	 
	
                Maximum
                  pitch angle in total

              	 	
                °

              	 	
                91

              

      

      

      
        	5	
                Gearbox

              

      

      

      The
        D8
        wind turbine is equipped with a three-step high performance gearbox. The
        first
        step is a planetary gear; the two other steps are spur gears. Using this
        combination ensures, compact construction and high efficiency. The helical
        gearing minimises the noise level. The noise is reduced further by using
        rubber
        mountings to isolate the structure-borne noise of the gearbox from the
        mainframe. 

      

      In
        order
        to maintain the temperature of the gear oil within an optimum range, it is
        cooled during operation. The gear oil is also passed through a full-flow
        filter
        to ISO/DIS 4406 15/12 in order to minimise wear. 

      

      The
        gear
        oil is preheated ready for start-up in cold weather by an immersion heater
        rated
        at 1.5 kW.

       

      Table
        4. Technical
        data - gearbox

       

      
        	 	 	
                Unit

              	 	
                Value

              
	
                Construction

              	 	 	 	
                Three-step
                  planetary gear with helical gearing

              
	
                Reduction
                  ratio

              	 	 	 	
                1:94.4

              
	
                Nominal
                  mechanical power

              	 	
                kW

              	 	
                2,160

              
	
                Rated
                  input torque

              	 	
                kNm

              	 	
                1,120

              
	
                Rated
                  output torque

              	 	
                Nm

              	 	
                11,800

              
	
                Max.
                  braking torque

              	 	
                Nm

              	 	
                16,940

              
	
                Lubrication

              	 	 	 	
                Force-feed
                  and oil bath lubrication

              
	
                Amount
                  of oil

              	 	
                l

              	 	
                approx.
                  420

              
	
                Weight

              	 	
                t

              	 	
                19.0

              

      

       

      
        
          
            	6	
                    Generator

                  

          

        

      

       

      The
        DeWind D8 is equipped with a double-fed asynchronous generator coupled with
        a
        frequency converter using IGBT technology. This enables the wind turbine
        to
        operate with variable speeds within a wide slip range. Power fluctuations,
        such
        as those caused by gusts, are almost completely avoided and the mechanical
        components are exposed to less stress. 

      

      The
        generator is enclosed and cooled by an air/air heat exchanger. Slip rings
        and
        brush holders are accommodated in a separate enclosure. 

       

      
        
          
          

        

        
          Page
            6
            of  6

          
            

          

        

        
          
          

        

      

       

      
        
          	 	 

        

         

      

      Table
        5. Technical
        data - generator

       

      
        	 	 	
                Unit

              	 	
                Value

              
	
                Rated
                  power

              	 	
                kW

              	 	
                2000

              
	
                Construction

              	 	 	 	
                Double-fed
                  4-pole asynchronous generator 

              
	
                Cooling

              	 	 	 	
                Air/Air
                  Heat exchanger

              
	
                Rated
                  voltage

              	 	
                V

              	 	
                690

              
	
                Rated
                  current In

                 

              	 	
                A

              	 	
                1675

              
	
                Frequency

              	 	
                Hz

              	 	
                50
                  / 60

              
	
                Synchronous
                  speed

              	 	
                1/min

              	 	
                1500

              
	
                Slip
                  range

              	 	
                %

              	 	
                ±
                  30

              
	
                Speed
                  range

              	 	
                1/min

              	 	
                500
                  - 1950

              
	
                Operating
                  mode

              	 	 	 	
                S1

              
	
                Protection
                  class generator

              	 	 	 	
                IP
                  54

              
	
                Protection
                  class rotor sliprings

              	 	 	 	
                IP
                  23

              
	
                Weight

              	 	
                t

              	 	
                8

              

      

      

      
        	7	
                Converter

              

      

      

      The
        air-cooled IGBT converter operates in a four-quadrant mode. Output voltage
        and
        frequency of the generator/converter system are regulated by controlling
        the
        exciting current and frequency of the rotor winding. This is achieved by
        a
        microprocessor controlled power electronic controller, which triggers the
        IGBT
        elements using a pulse width modulation technique so that an almost pure
        sinusoidal voltage is produced at the output. 

       

      Table
        6. Technical
        data - converter

       

      
        	 	 	
                Unit

              	 	
                Value

              	 
	
                Construction

              	 	 	 	
                IGBT
                  converter

              	 
	
                Type
                  of modulation

              	 	 	 	
                Pulse
                  width modulation

              	 
	
                Operating
                  mode

              	 	 	 	
                Four-quadrant
                  operation

              	 
	
                Kimax
                  =
                  Imax
                  /
                  Ing

                 

              	 	 	 	
                1.1

                 

              	 
	
                Flicker
                  coefficient

              	 	 	 	
                approx.
                  <10

              	 
	
                Harmonic
                  distortion factor

              	 	
                %

              	 	
                approx.
                  1

              	 

      

      

      
        	8	
                Grid
                  connection

              

      

      

      The
        generator output at 690V is stepped up for grid connection by an output
        transformer. The output transformer provides the connection to the required
        collector network.

      

      The
        transformer is of the hermetically sealed, liquid immersed type constructed
        to
        IEC 60076. The coolant comprises a synthetic oil that is non-toxic and
        biodegradable, having a low flammability characteristic. 

      

      Connection
        of the system to the grid is made after synchronisation through a power switch
        that also includes protective functions in the event of overload or
        short-circuit. 

      

      A
        three-phase mains monitoring relay is used to monitor voltage and frequency
        deviations. Power surge and undervoltage, over-frequency and under-frequency,
        brief interruptions, current asymmetry and phase relationships are monitored.
        In
        the event of deviations, the wind turbine will be automatically disconnected
        from the grid and reconnected as required to meet the local requirements.
        

      

      
        
          	9	
                  Braking
                    system

                

        

      

      

      The
        pitch
        control system acts as the speed control method and also as the main aerodynamic
        brake of the DeWind D8. By turning the rotor blades out of the wind, the
        turbine
        will be slowed down as part of the shutdown procedure as necessary in case
        of
        failure. Two pitch systems that are independent of each other are
        used.

       

      
        
          
          

        

        
          Page
            7
            of  7

          
            

          

        

        
          
          

        

      

       

      
        
          
            	 	 

          

           

        

      

      The
        first
        braking system is the common pitch control. This system adjusts the three
        rotor
        blades simultaneously via a linking mechanism. It is backed up by accumulators
        located in the nacelle so that in case of failure of the main hydraulic pumps
        the wind turbine can be brought to a safe condition. 

      

      The
        second braking system is by single blade pitch control. It consists of three
        hydraulic cylinders that each move one blade. The three cylinders operate
        independently of each other so that also in case of failure of one cylinder
        the
        remaining ones can still operate. Each cylinder is protected by its own
        accumulator so that the wind turbine can be slowed down if the hydraulic
        system
        of the wind turbine should fail.

      

      A
        hydraulically actuated disc brake mounted on the high-speed shaft between
        gearbox and generator acts as a service brake. It can be used at wind speeds
        up
        to 15 m/s (10 min mean value) in order to support the braking effect of the
        hydraulic braking systems. The disc brake is also used to lock the rotor
        during
        inspection and service operations.

       

      
        	10	
                Hydraulic
                  system 

              

      

       

      A
        hydraulic unit supplies oil at high pressure to the pitch control systems,
        the
        yaw brakes and the service brake. 

      

      The
        hydraulic system comprises the oil tank, pumps, distribution unit, hydraulic
        piping, valves, filters, cylinders and accumulators. The supply lines of
        the
        pitch cylinder are led through the hollow main shaft with a rotating union
        for
        the transition of the hydraulic pipelines from the fixed to the rotating
        part of
        the shaft.

      

      In
        order
        to maintain the high degree of purity of the hydraulic oil, a pressure filter
        is
        provided in the supply piping to the pitch systems. Additionally, the oil
        circuits are flushed periodically and before each start, so that fresh filtered
        oil is pumped from the tank into the oil circuits of the pitch control system.
        

      

      The
        pumps
        used are two gear wheel pumps driven by electric motors, one pump each supplying
        one of the pitch systems. The power supply for the pumps is not shutdown
        under
        fault conditions i.e. they will not be switched off following an emergency
        stop
        of the wind turbine so that the hydraulic system remains operational.

      

      The
        hydraulic system is equipped with several accumulators that are independent
        of
        each other in order to bring the wind turbine into a safe condition in case
        of
        power failure. Accumulators in the nacelle supply the common pitch control,
        the
        yaw brakes and the service brake. Three further accumulators are accommodated
        inside the rotor hub to protect the single blade pitch control system.

      

      The
        valves are controlled electrically by the operation monitoring system. The
        oil
        pressure in the hydraulic system is continuously measured and monitored by
        the
        control system. 

      

      Two
        pumps
        with a maximum output of 98 l/min provide a maximum pressure of 165 bar;
        the
        hydraulic system contains 300 l in total. The combination of the main filter
        system and a bypass filter system for the hydraulic oil exceeds the requirements
        of ISO 4406 class 17/15/12.

      

      
        	11	
                Nacelle

              

      

      

      The
        nacelle consists of the mainframe and the panelling. The main components
        of the
        system are mounted onto the mainframe. These are the drive train, with bearing,
        the shaft and the gearbox, the generator, cooling system, hydraulic system,
        yaw
        drives, brakes and the control electronic cabinets. The mainframe of the
        DeWind
        D8 is a combination of light ductile cast iron and a welded steel structure.
        This ensures high stiffness and light weight. Elastomeric damping elements
        separate the main system components from the mainframe and act as
        structure-borne sound isolators. 

       

      
        
          
          

        

        
          Page
            8
            of  8

          
            

          

        

        
          
          

        

      

      
         

        
          
            
              	 	 

            

             

          

        

      

      Access
        panels in the nacelle roof can be opened for access to the rotor hub and
        the
        meteorological measurement sensors for servicing. 

      

      The
        nacelle was designed by Porsche Design in Germany. The nacelle housing is
        painted Light Grey, RAL 7035, the nacelle cover Silver Grey, RAL
        7001.

       

      
        	11.1	
                Nacelle
                  Entrance

              

      

       

      The
        top
        platform of the tower is located directly underneath the nacelle. From this
        platform it is possible to access the nacelle via a short ladder without
        using
        safety belts. 

       

      
        
          	11.2	
                  Nacelle
                    crane

                

        

      

       

      A
        chain
        hoist is fitted inside the roof in the rear area of the nacelle. Loads handled
        by this hoist can be raised from or lowered to ground level through a trap
        door
        in the nacelle base. 

       

      Table
        7. Technical
        data - mainframe

       

      
        	 	 	
                Unit

              	 	
                Value

              
	
                Construction

              	 	 	 	
                Welded
                  box construction/ductile cast iron

              
	
                Material

              	 	 	 	
                Steel

              
	
                Weight

              	 	
                t

              	 	
                8.9

              

      

      

      Table
        8. Technical
        data - nacelle panelling

       

      
        	 	 	
                Unit

              	 	
                Value

              
	
                Material

              	 	 	 	
                GFP

              
	
                Weight

              	 	
                t

              	 	
                2.3

              

      

       

      
        
          	12	
                  Yaw System

                

        

         

      

      Two
        wind
        vanes on the nacelle roof measure the wind direction and transmit the measured
        values to the control system. As soon as the position of the nacelle deviates
        from the actual wind direction by a certain amount depending on the wind
        speed,
        the yaw drives will be activated. There are four electrically operated gear
        motors, meshed with a fixed sprocket wheel on the top of the tower, that
        adjust
        the nacelle to follow the actual wind direction. 

      

      Shaft
        brakes are integrated in the yaw drives. These act permanently when the yaw
        drives are not in use and are only released when the yaw drives are energised.
        In addition, hydraulic brakes are fitted independent of the yaw motor brakes.
        

      

      Two
        sensors in the tower top record the number of revolutions of the nacelle
        in one
        direction. Once the nacelle has performed more than 2 revolutions in one
        direction, the turbine will be shut down, the nacelle turned back and the
        turbine restarted. This prevents excessive twisting of the power and control
        cables.

       

      Table
        9. Technical
        data - yaw system

       

      
        	 	 	
                Unit

              	 	
                Value

              
	
                Yaw
                  bearing

              	 	 	 	
                Ball
                  bearing (four-point bearing)

              
	
                Weight

              	 	
                t

              	 	
                1.5

              
	
                Yaw
                  drives

              	 	 	 	
                4
                  electrical gear motors

              
	
                Adjusting
                  speed

              	 	
                °/s

              	 	
                0.5

              
	
                Number
                  of brakes

              	 	 	 	
                10

              

      

       

      
        
          
          

        

        
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            9
            of  9

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                	 	 

              

               

            

          

        

      

      
        	13	
                Tower

              

      

      

      The
        towers of the D8 series consist of several steel sections that are connected
        together by bolted flanges. A climbing system is installed enabling safe
        climbing of the ladders inside the tower. The electrical and control cables
        are
        installed from the nacelle to ground level inside the tower.

      

      Externally,
        a three-coat anti-corrosion protection painting system to DIN EN ISO 12944
        is
        used. Inside the tower, a two-coat system is used. The colour of the coating
        is
        Light Grey (RAL 7035).

      

      
        	14	
                Electric
                  installation

              

      

      

      Lighting
        systems, power sockets, and if required, aircraft warning light(s), are
        installed in the D8 wind turbine. Electrical distribution for tower auxiliaries
        is located in the tower base control panel. 

      

      Electrical
        distribution for auxiliaries within the nacelle is included in the nacelle
        control panel. 

      

      
        	15	
                Foundation

              

      

      

      The
        DeWind D8 uses foundations which are designed to suit the local ground
        conditions. 

      

      
        	16	
                Control

              

      

      

      The
        wind
        turbine is equipped with an operation and monitoring computer that carries
        out
        all monitoring, control and regulation tasks. This computer is an industrial
        PC
        using a conventional MS Windows® operating system. 

      

      Ethernet
        connections using optical fibre cables are mainly used for data transmission
        in
        the wind turbine and within the wind farm. The wind turbine is always maintained
        in an optimum operating state, the system components and the operating
        parameters being continuously monitored. 

      

      Some
        basic functions, such as start, shutdown and yaw can also be carried out
        locally
        by an operator or via remote data transmission. Access to the control functions
        is protected by means of a security system. Different access levels are
        protected by passwords. 

      

      Two
        Displays to monitor the turbine are installed, one in the nacelle and one
        in the
        bottom of the tower.

      

      The
        protection class of the Control Cabinet is IP 54.

       

      
        	17	
                SCADA
                  System

              

      

      

      The
        SCADA
        system is performed with the eOS Framework. It consists of a set of applications
        for user dependent turbine data access and visualisation. The framework consists
        of the usage of standard data transfer and communication technologies (TCP/IP,
        XML, Web Services). 

      

      The
        eOS
        Framework supports the application of virtual private networks (VPNs) or
        SSL for
        remote access control via internet and user authentication /
        authorisation.

      

      eOS
        View
        is the framework’s core component for user are turbine data visualisation,
        instant alarming (email independent, TCP/IP based direct messaging) and turbine
        fault data analysis. 

      

      Additional
        framework components for message forwarding and message assignment build
        up the
        internet based instant alarming network and provide also standardized interfaces
        for turbine historian data supply.

      

      The
        control system itself is based on modern I/O terminals. 

       

      
        	17.1	
                Reporting

              

      

       

      SCADA
        supported standard interface (e.g. like MS Excel) which provides of Real-time
        and Analytical Data.

       

      
        
          
          

        

        
          Page
            10
            of  10

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                	 	 

              

               

            

          

        

      

      Permanent
        and event driven turbine data recording of:

       

      	·  	
              Currents,
                Voltages, Power

            

       

      	·  	
              Temperatures
                (Locations, Components)

            

       

      	·  	
              Pressures
                (Control/Safety Loop)

            

       

      	·  	
              Meteorological
                Values (Temperatures, Wind, Air Pressure)

            

       

      	·  	
              Oszillation
                (Tower, XY, Torsion)

            

       

      	·  	
              Div
                Digital Events

            

       

      
        	17.2	
                SCADA
                  Features

              

      

       

      	1.  	
              Internet
                based communication 

            

       

      	2.  	
              Mulitlingual
                (English, German)

            

       

      	3.  	
              User
                dependent turbine access 

            

       

      	4.  	
              Simultaneous
                multi-user access 

            

       

      	5.  	
              Alarming
                

            

       

      	6.  	
              Error
                Analysis (approx. 50 analogue channels in different sample resolutions
                (e.g. 10ms, 200ms, 1s) and approx. 200 digital channels)
                

            

       

      	7.  	
              Data
                visualisation via component oriented hierarchical menu structure,
                user
                dependent view 

            

       

      	8.  	
              Turbine
                data analysis (e.g. Production, Consumption, Reactive Power, Turbine
                Operation Mode, Performance Curve, 10-Minutes-Mean-Values for more
                than 45
                channels, Statuscode history, Availability calculation)
                

            

       

      	9.  	
              Turbine
                parameter history incl. old/new values and detected user name
                

            

       

      
        
          
            
              
                	
                         

                      

              

               

              
                
                  
                  

                

                
                  Page
                    11
                    of  11

                  
                    

                  

                

                
                  
                  

                

              

            

          

        

      

       

      
        
          
            
              
                
                  	 	 

                

                 

              

            

          

        

      

      
        	
                18

              	
                Lightning
                  protection

              

      

      

      Lightning
        protection of the DeWind D8 is by a discharge system. If lightning should
        strike
        a rotor blade, the lightning arrestors integrated in the blades will lead
        the
        energy via a combination of sliding contacts and air gaps via the spinner
        directly onto the nacelle and by a similar arrangement on to the earthed
        steel
        tower and to the ground. 

      

      
        	19	
                Dimensions
                  and
                  weights 

              

      

       

      Table
        10. Dimensions
        and weights  

       

      
        	 	 	
                Unit

              	 	
                Value

              
	
                Hub
                  height

              	 	
                m

              	 	
                80

              
	
                Tower
                  height

              	 	
                m

              	 	
                76

              
	
                Tower
                  base diameter

              	 	
                m

              	 	
                4.2

              
	
                Tower
                  top diameter

              	 	
                m

              	 	
                3.0

              
	
                Tower
                  weight

              	 	
                t

              	 	
                155.21

              
	
                Weight
                  of complete rotor

              	 	
                t

              	 	
                35.75

              
	
                Weight
                  of complete nacelle

              	 	
                t

              	 	
                98.95

              

      

       

      
        	
                Note:
                  

              	
                Our
                  range of products is subject to a programme of continuous development;
                  the
                  equipment supplied may vary in detail from this
                  specification.

              

      

    

     

    
      
        
        

      

      
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                 PUNTA
                  COLORADA PROJECT - CHILE

              	
                

                 

              
	
                 DRAFT

              

      

    

    
      

    

     

    EXHIBIT
      B - PROJECT SITE

     

    
      	 	
              1

            	
              
                PROJECT
                  LOCATION

              

            

    

     

    The
      ‘Punta Colorada’ site is situated approximately 80 Km north of Santiago by road
      in an area known as Los Choros. The Pan American Highway and a 110 KV power
      line
      runs across the north of the site.

     

    The
      area
      that is being considered for wind development is at the end of a winding valley
      that runs from the coast in the west and opens up into a relatively flat area.
      The sides of the valley that leads to Punta Colorada rise between 500 and 600m
      from the valley floor on both sides. To the east of the Punta Colorada site
      are
      the foot hills of the Andes.

     

    

     

    The
      north
      of the site is a dry riverbed which runs from East to West and to the West
      a
      river which runs South to North. These old river beds join at the North West
      of
      the area being considered. The site is 27 km from the coast line and the
      elevation across the site varies between 350 and 450 m above sea
      level.

     

    The
      Village of Punta Colorada is to the North East of the site and has a population
      of approximately 300 persons. The valley which leads into Punta Colorada from
      the West supports trees and smaller vegetation. Access to the site is good
      with
      almost all of the area available for inspection by vehicle.

     

    
      
        
        

      

      
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                     PUNTA
                      COLORADA PROJECT - CHILE

                  	
                    

                     

                  
	
                     DRAFT

                  

          

        

        
          

        

         

      

    

    
      	 	
              2

            	
              TURBINE
                ARRAY

            

    

     

    The
      turbine array layout for the 5 turbines is as follows:

     

    Coordinates
      (in PSAD56):

     

    
      	
              ID

            	 	
              Easting

            	 	
              Northing

            
	
              Turbine
                1

            	 	
              301336

            	 	
              6750259

            
	
              Turbine
                2

            	 	
              300674

            	 	
              6750038

            
	
              Turbine
                3

            	 	
              301962

            	 	
              6750199

            
	
              Turbine
                4

            	 	
              302095

            	 	
              6749804

            
	
              Turbine
                5

            	 	
              301404

            	 	
              6749684

            

    

     

     

    

     

     

    

    
      
        
        

      

      
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              PUNTA
                COLORADA PROJECT - CHILE

            	
              

            

    

    
      
        

      

    

     

    EXHIBIT
      C - MILESTONE SCHEDULE

     

    
      	
              Milestone

            	 	
              Responsible

            	
               

            	
              Completion
                Date

            	 
	
              Notice
                To Proceed

            	 	 	
              Owner

            	 	 	
              18/06/07

            	 
	
              Delivery
                FOB Turbine Equipment

            	 	 	
              Contractor

            	 	 	
              31/04/08

            	 

    

     

    
 

    
      
        
        

      

      
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    Exhibit
      D - Contractor Account for Progress Payments:

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              For
                the Account of:

            	
              EU
                North America/DeWind, Inc.

            
	 	
              2026
                McGaw Avenue

            
	 	
              Irvine,
                CA 92614

            
	 	 
	
              Bank
                routing # 

            	
              121002042

            
	
              Account
                # 

            	
              3510126331

            
	 	 
	
              Bank
                Name: 

            	
              California
                Bank & Trust

            
	 	
              19200
                Von Karman Ave., Suite 140

            
	 	
              Irvine,
                CA 92612

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        	
                PUNTA
                  COLORADA PROJECT - CHILE

              	
                

              

      

      
        
          

        

      

       

    

    EXHIBIT
      F - INSURANCE REQUIREMENTS

     

    The
      Parties have agreed on the following insurances:

    

    The
      Contractor undertakes to insure:

    

    Insurance
      of transport of goods

    

    Covers
      wind turbines and components.

    Limits
      of
      sum insured per conveyance: US$3,000,000 any on vessel/ferry/truck/sending
      by
      post/shipment by air or during intermediate stays for the transport to
      Ports.

    Extraordinary
      storage at the port of charge.

    Sum:
      Replacement value

     

    General
      Third Party Liability Insurance including Property Liability (commercial general
      liability insurance)

    

    The
      insured is contractor and/or subsidiaries

    Coverage
      sum: US$5,000,000 for each occurrence of bodily injury and/or property damage
      and an annual aggregate of liability of not less than US$5,000,000 for bodily
      injury and/or property damage, and an annual aggregate of liability of not
      less
      than US$10,000,000 for Completed Operations and Products Liability per insurance
      year for bodily injury and/or damage to property.

    

    Employer’s
      Liability / Workman’s Compensation

    Contractor
      will take out an insurance covering all of his employees in relation to the
      project

    The
      insurance will be in accordance with local law with coverage stipulated by
      the
      local authorities.

    

    The
      Owner
      undertakes to insure:

    

    Insurance
      of transport of goods

    

    Covers
      transport of all other goods supplied by other suppliers than the
      Contractor

    Sum:
      Replacement value

     

    
      
        
        

      

      
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                  PUNTA
                    COLORADA PROJECT - CHILE

                	
                  

                

        

        
          
            

          

        

         

      

    

    Employer’s
      Liability / Workman’s Compensation

    Owner
      will take out an insurance covering all of his employees in relation to the
      project

    The
      insurance will be in accordance with local law with coverage stipulated by
      the
      local authorities.

    Contractors
      All Risk (CAR) insurance

    

    Insured
      party is Contractor together with all contractors and sub-contractors involved
      with the erection.

     

    The
      policy provides cover from the start of the work on site and until the earlier
      of (i) Facility Substantial Completion Date, or (ii) transfer of risk of loss
      or
      damage to the Owner, however not beyond 18 months from the date of commencement
      of installation, followed by an extended maintenance period of 24
      month.

     

    All
      risk
      sum of US$50,000,000 for material damages.

     

    Areas
      with an earthquake risk on Munich Re. Zone 4 or higher can not be covered by
      insurance for natural hazards.

     

    Deductible
      of US$25,000.

    

    General
      requirements

    

    Each
      party shall upon request from the other party provide each other before shipment
      with evidence that the insurance coverage required under this exhibit is in
      full
      force and effect. In the event that any such policies of insurance are renewed
      or terminated during any time prior to the expiration of the relevant time
      period, the party whose policies have expired shall promptly provide the other
      part with evidence that such coverage has been renewed or replaced with
      insurance that complies with the provisions of this exhibit. Such evidence
      of
      insurance shall be in the form of a standard Certificate of Insurance and shall
      contain sufficient information to allow the party that is in receipt of such
      certificate to determine whether such insurance is in compliance with the
      provisions of this exhibit.

     

    
      
        
        

      

      
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                  PUNTA
                    COLORADA PROJECT - CHILE

                	
                  

                

        

        
          
            

          

        

         

      

    

    EXHIBIT
      J - NOTICE TO PROCEED

     

    Reference
      is made to that certain Supply and Installation Agreement reference SW/DW/02
      dated as of [date],
      2007 by
      and between Owner and Contractor (the “Agreement”). Capitalized terms used, but
      not defined, herein shall have the meanings set forth in the
      Agreement.

     

    This
      Notice to Proceed is hereby delivered to Contractor pursuant to the Agreement,
      and the Commencement Date shall be deemed the date Contractor receives this
      Notice to Proceed. 

     

     

    
      	
              OWNER

            	
              CONTRACTOR

            
	 	 
	By: 	By: 
	 	 
	Name: _________________________	Name: _________________________
	 	 
	Title: _________________________	Title: _________________________
	 	 
	Date
              Issued: _________________________	Date
              Received: _________________________
	 	 
	
              Signature: _________________________

            	
              Signature: _________________________

            

    

     

     

    
      
        
        

      

      
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              PUNTA
                COLORADA PROJECT - CHILE

            	
              

            

    

    
      
        

      

    

     

    EXHIBIT
      L - CERTIFICATE OF MECHANICAL COMPLETION

     

    Reference
      is made to that certain Supply and Installation Agreement reference SW/DW/02
      dated as of [date],
      2007 by
      and between Owner and Contractor (the “Agreement”). Capitalized terms used, but
      not defined, herein shall have the meanings set forth in the
      Agreement.

     

    The
      undersigned, Contractor, does hereby certify and represent as follows to Owner
      with respect to WTG No. ____ of 5 Wind Turbines:

     

    1. Such
      Wind
      Turbine has been assembled, installed and erected such that it satisfies the
      criteria in the Mechanical Completion Checklist; and

     

    2. The
      Wind
      Turbine is ready to commence Commissioning activities. 

     

    Executed
      and delivered to Owner 
      __________, 200___.

    
      	 	 	 	 
	 	 	 	 
	
              CONTRACTOR

            	 	 	
              ACCEPTED
                BY OWNER

            
	 	 	 	 
	By:	 	 	By:
	 	 	 	 
	Name:	 	 	Name:
	
              
                

              

            	 	 	
              
                

              

            
	Title:	 	 	Title:
	
              
                

              

            	 	 	
              
                

              

            
	Signature:	 	 	Signature:
	
              
                
 

            	 	 	
              
                
 

            

    

     

    
      
        
        

      

      
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                PUNTA
                  COLORADA PROJECT - CHILE

              	
                

              

      

      
        
          

        

      

       

    

    EXHIBIT
      M - CERTIFICATE OF COMMISSIONING

     

    Reference
      is made to that certain Supply and Installation Agreement reference SW/DW/02
      dated as of [date],
      2007 by
      and between Owner and Contractor (the “Agreement”). Capitalized terms used, but
      not defined, herein shall have the meanings set forth in the
      Agreement.

     

    The
      undersigned, Contractor, does hereby certify and represent as follows to Owner
      with respect to WTG No. _____ of 5 Wind Turbines:

     

    
      	 	
              1.

            	
              The
                Wind Turbine has achieved Mechanical Completion;
                and

            

    

     

    
      	 	
              2.

            	
              The
                start-up and commissioning activities set forth in the Commissioning
                Test
                and Inspection Procedures with respect to such Wind Turbine have
                been
                successfully conducted. 

            

    

     

    Executed
      and delivered to Owner  _________,
      200____.

     

     

    
      	
              CONTRACTOR

            	 	
              ACCEPTED
                BY OWNER  

            
	 	
               

               

            	 	 	 
	By:	
               

              
                
 

            	 	By: 	
               

              
                
 

            
	Name:	
               

              
                
 

            	 	Name:	
               

              
                
 

            
	Title:	
               

              
                
  

            	 	Title:	
               

              
                
 

            
	Signature: 	
               

              
                
  

            	 	Signature: 	
               

              
                
  

            

    

     

    
      
        
        

      

      
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          1 of
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                  PUNTA
                    COLORADA PROJECT - CHILE

                	
                  

                

        

        
          
            

          

        

         

      

    

    
      EXHIBIT
        N - CERTIFICATE OF FACILITY SUBSTANTIAL COMPLETION

    

     

    Reference
      is made to that certain Supply and Installation Agreement reference SW/DW/02
      dated as of [date],
      2007 by
      and between Owner and Contractor (the “Agreement”). Capitalized terms used, but
      not defined, herein shall have the meanings set forth in the
      Agreement.

     

    The
      undersigned, Contractor, does hereby certify and represent as follows to Owner
      with respect to WTG No. _____ of 5 Wind Turbines:

     

    
      	 	
              1.

            	
              All
                of the Wind Turbines have achieved Mechanical Completion;
                and

            

    

     

    
      	 	
              2.

            	
              commissioning
                of the Wind Turbine has been completed, stating that the Wind Turbine
                is
                capable of generating continuous electrical
                energy.

            

    

     

    Executed
      and delivered to Owner  _______,
      200___.

     

     

    
      	
              CONTRACTOR

            	 	
              ACCEPTED
                BY OWNER

            
	
               

               

              By: 

              
                

              

              Name:

              
                

              

              Title: 

              
                

              

              Signature: 

              
                
 

            	 	
              
                
                   

                   

                  By: 

                  
                    

                  

                  Name:

                  
                    

                  

                  Title: 

                  
                    

                  

                  Signature: 

                  
                    

                  

                

              

            

    

     

    
      
         

      

      
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                    PUNTA
                      COLORADA PROJECT - CHILE

                  	
                    

                  

          

          
            
              

            

          

        

         

      

    

    EXHIBIT
      O - CERTIFICATE OF FINAL COMPLETION

     

    
      	
              Project
                name:

            	
              Punta
                Colorada Project - Chile

            
	 	 
	
              Owner:

            	
              Seawind
                Services Limited

            
	 	 
	
              Contractor:

            	
              DeWind
                Inc.

            
	 	 
	
              Test
                Start Date:

            	
              [date]

            
	 	 
	
              Test
                Completion Date:

            	
              [date]

            

    

     

    The
      Contractor and the Owner hereby agree that the Project described above meets
      the
      Final Completion criteria specified in the Supply and Installation Agreement
      between the Parties.

     

    From
      the
      above test completion date onwards the Project stands at the Owner’s risk and
      insurance.

     

    Minor
      items, if any, which do no adversely affect the operation of the Project in
      its
      basic intended function, are listed in the separate attachment hereto. The
      Contractor agrees to correct such items without any unnecessary
      delay.

     

    
      	
              OWNER

            	
              CONTRACTOR

            
	 	 
	
              By:

            	
              By:

            
	 	 
	
              Name: _________________________

            	
              Name: _________________________

            
	 	 
	
              Title: _________________________

            	
              Title: _________________________

            
	 	 
	
              Date
                Issued: _________________________

            	
              Date
                Received: ____________________

            
	 	 
	
              Signature: _________________________

            	
              Signature: _________________________

            

    

     

    

    
      
        
        

      

      
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                    PUNTA
                      COLORADA PROJECT - CHILE

                  	
                    

                  

          

          
            
              

            

          

        

         

      

    

    Separate
      Attachment to Certificate of Final Completion

     

    Minor
      items: 

     

    
      	
              No.

            	 	
              Subject

            
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

    

     

     

    
      
        
        

      

      
        Page
          2 of 2

        
          

        

      

      
        
        

      

    

    
       

      
        	
                PUNTA
                  COLORADA PROJECT - CHILE

              	
                

              

      

      
        
          

        

      

    

     

    EXHIBIT
      P - OWNER’S SCOPE OF SUPPLY

     

    DELIVERIES
      AND WORKS TO BE SUPPLIED AND EXCECUTED BY THE OWNER

     

    The
      following is a summary of Owner’s work under the Contract:

     

    
      	1)	
              Crane
                hard standing and lay down areas;

            

    

     

    
      	2)	
              Seismic
                analysis of tower and foundation;

            

    

     

    
      	3)	
              Soil
                investigation and reporting;

            

    

     

    
      	4)	
              Transport
                of the tower foundation parts from factory to the site and
                unloading;

            

    

     

    
      	5)	
              Supply
                of the tower and transport of the tower from factory to the site
                and
                unloading;

            

    

     

    
      	6)	
              Transport
                of the WTGs components from the ports of exit to the Project
                Site;

            

    

     

    
      	7)	
              Foundation
                for the Wind Turbine Generators and its
                transformers;

            

    

     

    
      	8)	
              Supply
                and installation of one permanent meteorological station (if needed)
                including foundation (if any);

            

    

     

    
      	9)	
              Service
                building and maintenance facilities (if required);
                

            

    

     

    
      	10)	
              Fencing
                of substation areas, general site security fences and relocation
                and
                reinstatement of rural fences (if
                required);

            

    

     

    
      	11)	
              Cable
                trenches;

            

    

     

    
      	12)	
              Installation
                of the Wind Turbine Generators; (under the supervision of the
                Contractor).

            

    

     

    
      	13)	
              Upgrading,
                maintenance during construction and reinstatement after construction
                of
                off-site public roads, as and if required, which are used as access
                roads
                for all construction traffic;

            

    

     

    
      	14)	
              Establishment
                of necessary temporary and permanent access roads to the Wind Turbine
                Generators, maintenance facilities and if required parking
                spaces;

            

    

     

    
      	15)	
              Re-establishment
                of the Site after the construction and implementation of the Wind
                Turbine
                Generators is completed;

            

    

     

    
      
        
        

      

      
        Page
          1 of
          1

        
          

        

      

      
        
        

      

      
         

        
          	
                  PUNTA
                    COLORADA PROJECT - CHILE

                	
                  

                

        

        
          
            

          

        

         

      

    

    
      	16)	
              Temporary
                office and welfare accommodation, workplace health and safety facilities,
                telephone services and electricity supply for the Contractor’s use during
                the performance of the work under the
                Contract;

            

    

     

    
      	17)	
              Installation
                of switchgear, cabling, protection and signalling equipment for MV
                electrical collection system of the Wind turbine Generators, including
                all
                equipment necessary to make a connection to the connection point;
                (under
                the supervision of the Contractor).

            

    

     

    
      	18)	
              Provision
                of SCADA cabling and connection points external to the WTGs and connection
                to the WTGs control system; (under the supervision of the
                Contractor).

            

    

     

    
      	19)	
              Coordination
                and commissioning associated with linking the Wind Turbine Generators
                to
                the Grid; (under the supervision of the
                Contractor).

            

    

     

    
      
        
        

      

      
        Page
          2 of
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                DeWind
                  Turbine Suitability Review Information Requirements
                  List

              	 	 
	
                Request
                  form version

              	
                1.1

              	
                5-May-07

              	 
	 	 	 	 
	
                Notes:

              	 	 	 
	 	 	 	 
	
                Due
                  to the critical importance of wind data, DeWind recommend that
                  a
                  consulting meteorologist is used to reduce site data and complete
                  this
                  information request. 

              
	 
	
                DeWind
                  reserve the right to seek more information and to update this request
                  form
                  at any time.  

              
	 
	
                Please
                  provide as much of the highlighted information as possible so that
                  the
                  suitability of the DeWind turbines can be properly evaluated for
                  this
                  particular site.

              
	 
	
                The
                  examples provided should be emulated to the greatest extent possible
                  but
                  equivalent data is acceptable if that is all that is
                  available.

              
	 
	
                DeWind
                  can only evaluate turbine suitability based on the information
                  provided
                  and as such the quality and completeness of the data is very
                  important.

              

      

      
        	 	 	 	 	 
	
                Please
                  provide the following in addition to filling out each of the
                  worsheets:

              	 	
                Topo
                  map showing turbines and details of surrounding area – including any
                  neighboring wind turbines (within 20 D), tall trees, large buildings
                  etc

              	 	 

      

       

      
        	
                Please
                  complete Temperature versus Windspeed "joint frequency distribution"
                  worksheet if extreme temperatures are exected to be less than -10°C or
                  greater than +35°C

              
	 	 	 	 
	
                the
                  following files have been attached:

              	 	 	 
	
                5
                  turbines visual: shows the approximate location of the units and
                  the
                  surrounding terrain. The only feature is the overhead electric
                  line (show
                  on the drawings)

              	 	 	 
	
                complete
                  area overview - 25m gridlines

              	 	 	 
	
                site
                  detail - 25m gridlines

              	 	 	 
	
                turbine
                  layout with detailed topo: the location of the turbines on a topo
                  map with
                  gridlines at 0.25m intervals.

              	 	 	 
	
                Exhibit
                  B: project site description

              	 	 	 
	
                view
                  of turbine area

              	 	 	 

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        	 	
                Completed
                  by:

              	 	
                Pieter
                  D'haen

              
	 	 	 	
                Unit
                  2, endeavour House, 

                Parkway
                  Court, Marsh Mills 

                Plymouth,

                4
                  7LJ

                UK

              
	 	 	 	
                tel
                  01752 268 835

              
	 	 	 	
                p.dhaen@seawind.uk.com

              
	 	 	 	 
	 	
                Date
                  of completion

              	 	
                24-May-07

              
	 	 	 	
                 

              
	 	
                Project
                  Name

              	 	
                Punta
                  Colorada

              
	 	
                Project
                  Developer

              	 	
                Seawind

              
	 	
                Project
                  Owner

              	 	
                Seawind

              
	 	 	 	
                 

              
	 	
                Approximate
                  geographical location

              	 	
                29d22'6''S
                  71d2'52''W (WGS 84)

              
	 	
                Project
                  Life (years)

              	 	
                20

              
	 	
                Number
                  of turbines

              	 	
                5

              
	 	
                Hub
                  height (m)

              	 	
                80

              
	 	
                Expected
                  annual average wind speed range at height

              	 	
                5.9
                  to 6.8 m/s at 80 m

              
	 	 	 	 
	 	
                Any
                  special production constraints / grid connection
                  requirements

              	 	
                The
                  turbines will connect to a common busbar of 11kV with a heavy fuel
                  oil
                  generating plant of 17MW and must be able to operate in parallel
                  without
                  affecting the HFO plant.

              
	 	 	 	 
	 	
                Any
                  special environmental concerns (e.g. likelihood of exposure to
                  salt spray
                  or other corrosive environment, relative humidity, dust conditions,
                  hail,
                  icing, or any seasonal accessibility limits /
                  constraints.)

              	 	
                No
                  known issues.

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Please
        provide background information regarding the source of the data used to complete
        this information request 

      (Add
        to
        the form as appropriate)

      
        	 	
                Meteorological
                  mast (designation/name)

              	 	
                PC1

              	 
	 	
                Measurement
                  heights

              	 	
                10,
                  30 and 50m

              	 
	 	
                Averaging
                  rate

              	 	
                10
                  min

              	 
	 	
                Location
                  of met mast

              	 	
                300897
                  E, 6750033 N

              	 
	 	
                Coordinate
                  system used

              	 	
                PSAD56

              	 
	 	
                Period
                  of collection

              	 	
                26/09/07
                  - ongoing

              	 
	 	
                Data
                  recovery (%)

              	 	
                99.6

              	 
	 	
                Any
                  adjustements made

              	 	
                none

              	 
	 	 	 	 	 
	 	
                Other
                  comments

              	 	 	 
	 	 	 	 	 
	 	
                Meteorological
                  mast (designation/name)

              	 	
                PC2

              	 
	 	
                Measurement
                  heights

              	 	
                10,
                  30 and 50m

              	 
	 	
                Averaging
                  rate

              	 	
                10
                  min

              	 
	 	
                Location
                  of met mast

              	 	
                302644
                  E, 6750133 N

              	 
	 	
                Coordinate
                  system used

              	 	
                PSAD56

              	 
	 	
                Period
                  of collection

              	 	
                6/04/07
                  - ongoing

              	 
	 	
                Data
                  recovery (%)

              	 	
                100

              	 
	 	
                Any
                  adjustements made

              	 	
                none

              	 
	 	 	 	 	 
	 	
                Other
                  comments

              	 	 	 

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Coordinate
                system used:

            	 	
              PSAD56

            

    

    
       

      
        	 	
                Turbine
                  ID

              	 	
                Easting
                  (m)

              	 	
                Northing
                  (m)

              	
                 

              	
                Met
                  Tower ID

              	 	
                Easting

                (m)

              	 	
                Northing
                  

                (m)

              	 	
                Sensor
                  1 Level (m)

              	 	
                Sensor
                  2 Level

                (m)

              	 	
                Sensor
                  3 Level

                (m)

              
	 	
                T1

              	 	
                301336

              	 	
                6750259

              	 	
                PC1

              	 	
                300897

              	 	
                6750033

              	 	
                10

              	 	
                30

              	 	
                50

              
	 	
                T2

              	 	
                300674

              	 	
                6750038

              	 	
                PC2

              	 	
                302644

              	 	
                6750133

              	 	
                10

              	 	
                30

              	 	
                50

              
	 	
                T3

              	 	
                301962

              	 	
                6750199

              	 	 	 	 	 	 	 	 	 	 	 	 
	 	
                T4

              	 	
                302095

              	 	
                6749804

              	 	 	 	 	 	 	 	 	 	 	 	 
	 	
                T5

              	 	
                301404

              	 	
                6749684

              	 	 	 	 	 	 	 	 	 	 	 	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      

        
          	 	
                  Height
                    at which extreme conditions have been estimated

                	 	
                  hub
                    ht

                
	 	 	 	 
	 	
                  Estimated
                    annual average wind speed at most energetic turbine (m/s)

                	 	
                  6.6

                
	 	
                  Most
                    energetic turbine

                	 	
                  T3

                
	 	
                  Estimated
                    50 year return wind speed - 10 minute average (m/s)

                	 	
                  TBC

                
	 	
                  Estimated
                    50 year return wind speed - 3 second average (m/s)

                	 	
                  TBC

                
	 	
                  Basis
                    of estimate

                	 	
                  the
                    maximum wind speed will be determined from the Chilean design
                    standards

                
	 	 	 	
                   

                
	 	
                  Annual
                    Average Air Density (kg/m3):

                	 	
                  1.187

                
	 	
                  Annual
                    average power law vertical wind shear exponent

                	 	
                  0.0426

                
	 	
                  Minimum
                    power law vertical wind shear exponent measured

                	 	
                   

                
	 	
                  Maximum
                    power law vertical wind shear exponent measured

                	 	
                   

                
	 	 	 	 
	 	
                  HIghest
                    site recorded 3 sec gust (m/s)

                	 	
                  22

                
	 	
                  Highest
                    site recorded temperature (°C)

                	 	
                  32

                
	 	
                  Lowest
                    site recorded temperature (°C)

                	 	
                  3.5

                
	 	
                  Period
                    of site records (years)

                	 	
                  0.75

                
	 	 	 	 
	 	
                  Ideally
                    provide a tabulation of number of hours at a particular wind
                    shear versus
                    wind speed

                

        

      

    

     

    
      
        	
              
	
                Wind
                  speed

              	
                 

              	
                power
                  law exponent

              
	
                3.50

              	
                 

              	
                0.0585

              
	
                4.50

              	
                 

              	
                0.0521

              
	
                5.50

              	
                 

              	
                0.0501

              
	
                6.50

              	
                 

              	
                0.0494

              
	
                7.50

              	
                 

              	
                0.0508

              
	
                8.50

              	
                 

              	
                0.0522

              
	
                9.50

              	
                 

              	
                0.0484

              
	
                10.50

              	
                 

              	
                0.0472

              
	
                11.50

              	
                 

              	
                0.0483

              
	
                12.50

              	
                 

              	
                0.0489

              
	
                13.50

              	
                 

              	
                0.0520

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Please
        provide a representative wind rose for the site or multiple wind roses
        representing clearly identified groups of turbines

       

      Windroses
        divided up into 10 degree sectors, as below, are ideal but 22 or 30 degree
        direction sectors are acceptable.

       

      SEE
        SEPARATELY PROVIDED OBSERVED WIND CLIMATE REPORT

      Wind
        Speed (m/s)

      
        	
                Direction

              	
                0

              	
                1

              	
                2

              	
                3

              	
                4

              	
                5

              	
                6

              	
                7

              	
                8

              	
                9

              	
                10

              	
                11

              	
                12

              	
                13

              	
                14

              	
                15

              	
                16

              	
                17

              	
                18

              	
                19

              	
                20

              	
                21

              	
                22

              	
                23

              	
                24

              	
                25+

              	
                Total

              
	
                0

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0.0

              
	
                10

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                20

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                30

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                40

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                50

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                60

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                70

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                80

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                90

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                100

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                110

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                120

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                130

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                140

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                150

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                160

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                170

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                180

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                190

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                200

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                210

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                220

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                230

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                240

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                250

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                260

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                270

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                280

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                290

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                300

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                310

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                320

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                330

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                340

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                350

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                Total

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              	
                0

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        	
                Averaging
                  time 

              	 	 	
                10
                  min

              
	
                Correction
                  factor used to ajust to hub height

              	 	
                0.85

              

      

       

      
        	
                Speed
                  (m/s)

              	 	
                Number
                  of samples

              	 	
                Mean
                  turbulence (TI)

              	 	
                Std
                  Dev

              	 	
                Mean
                  TI + 1 Std Dev

              	 	
                TI
                  

                Maximum

              
	
                0

              	 	
                2714

              	 	
                13.5

              	 	
                0.1

              	 	
                0.2

              	 	
                0.7

              
	
                1

              	 	
                4441

              	 	
                49.0

              	 	
                0.4

              	 	
                0.9

              	 	
                1.0

              
	
                2

              	 	
                2950

              	 	
                24.5

              	 	
                0.5

              	 	
                0.7

              	 	
                1.0

              
	
                3

              	 	
                2202

              	 	
                17.3

              	 	
                0.5

              	 	
                0.7

              	 	
                0.8

              
	
                4

              	 	
                2221

              	 	
                14.0

              	 	
                0.6

              	 	
                0.7

              	 	
                0.7

              
	
                5

              	 	
                2172

              	 	
                12.3

              	 	
                0.6

              	 	
                0.7

              	 	
                0.5

              
	
                6

              	 	
                1938

              	 	
                11.7

              	 	
                0.7

              	 	
                0.8

              	 	
                0.7

              
	
                7

              	 	
                1860

              	 	
                10.9

              	 	
                0.8

              	 	
                0.9

              	 	
                0.4

              
	
                8

              	 	
                1861

              	 	
                10.3

              	 	
                0.8

              	 	
                0.9

              	 	
                0.3

              
	
                9

              	 	
                2473

              	 	
                10.3

              	 	
                0.9

              	 	
                1.0

              	 	
                0.3

              
	
                10

              	 	
                3481

              	 	
                10.3

              	 	
                1.0

              	 	
                1.1

              	 	
                0.2

              
	
                11

              	 	
                3249

              	 	
                9.8

              	 	
                1.1

              	 	
                1.2

              	 	
                0.2

              
	
                12

              	 	
                1788

              	 	
                9.2

              	 	
                1.1

              	 	
                1.2

              	 	
                0.2

              
	
                13

              	 	
                526

              	 	
                8.6

              	 	
                1.1

              	 	
                1.2

              	 	
                0.2

              
	
                14

              	 	
                67

              	 	
                7.8

              	 	
                1.1

              	 	
                1.1

              	 	
                0.1

              
	
                15

              	 	
                10

              	 	
                9.7

              	 	
                1.5

              	 	
                1.6

              	 	
                0.1

              
	
                16

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                17

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                18

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                19

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                20

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                21

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                22

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                23

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                24

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              
	
                25

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              	 	
                 

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Inert
        number of hours spent at particular wind speed for each of the temperature
        ranges

      
        	
                Wind
                  Speed (m/s)

              	
                 

              	
                less
                  than -40°C

              	
                 

              	
                -35.1
                  to -40

              	
                 

              	
                -30.1
                  to -35

              	
                 

              	
                -25.1
                  to -30

              	
                 

              	
                -20.1
                  to -25

              	
                 

              	
                -10.1
                  to -20

              	
                 

              	
                0
                  to -10

              	
                 

              	
                0.1
                  to 10

              	
                 

              	
                10.1
                  to 20

              	
                 

              	
                20.1
                  to 30

              	
                 

              	
                30.1
                  to 40

              	
                 

              	
                >40
                  °C

              	
                 

              	
                Total
                  per w/s bin

              
	
                0

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                1

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                2

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                3

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                4

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                5

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                6

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                7

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                8

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                9

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                10

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                11

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                12

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                13

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                14

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                15

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                16

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                17

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                18

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                19

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                20

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                21

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                22

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                23

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                24

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                25

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                >25

              	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
                0

              
	
                Total
                  (hrs)

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              	 	
                0

              
	
                Percent

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              	 	
                #DIV/0!

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      R:

     

    PARENT
      COMPANY GUARANTEE FOR ADVANCE PAYMENTS

     

    PARENT
      COMPANY GUARANTEE

     

    THIS
      PARENT COMPANY GUARANTEE (“Guarantee”)
      is given as of this June 15, 2007, by Composite Technology Corporation
      Incorporated, whose registered office is at 2026 McGaw Avenue, Irvine,
      California 92614, United States, (the “GUARANTOR”); in favor of Compañía Barrick
      Chile Generación Ltda., whose office is at Avda. Ricardo Lyon 222, 8th Floor,
      Santiago, Chile, (the “CUSTOMER”, which term shall include its successors and
      assignees).

     

    WHEREAS,
      Seawind
      Services Ltd. (“SEAWIND”) and DeWind Inc. (“DEWIND”) are parties to that certain
      agreement dated June 15, 2007 (the “DEWIND Agreement”) wherein DEWIND is to
      supply wind turbines and perform certain services (the “DEWIND Services”) in
      accordance with the terms and conditions of the DEWIND Agreement.

     

    WHEREAS,
      SEAWIND
      and CUSTOMER are parties to that certain Agreement
      for the
Supply
      of
      Five
      Wind Turbines at
      Punta
      Colorada, Chile
      (the
“SEAWIND Agreement”) wherein SEAWIND is to supply wind turbines and perform
      certain services (the “SEAWIND Services”) in accordance with the terms and
      conditions of the SEAWIND Agreement.

     

    WHEREAS,
      as
      a
      condition precedent to CUSTOMER entering into the SEAWIND Agreement, CUSTOMER
      is
      requiring that GUARANTOR enter into this Guarantee for the benefit of
      CUSTOMER.

     

    WHEREAS,
      GUARANTOR is the parent company of DEWIND and will derive a substantial benefit
      from the transactions contemplated by the DEWIND Agreement and the SEAWIND
      Agreement.

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing premises and for other good and valuable
      consideration, the receipt and adequacy of which are hereby acknowledged,
      GUARANTOR hereby covenants and agrees with CUSTOMER as follows:

     

    1. GUARANTOR
      hereby absolutely irrevocably and unconditionally guarantees to CUSTOMER the
      prompt and full repayment of the advanced payments made by CUSTOMER if (i)
      SEAWIND fails to deliver the wind turbines to CUSTOMER in accordance with
      paragraph 5.2 of the SEAWIND Agreement, and (ii) CUSTOMER has given GUARANTOR
      not less than thirty (30) days to remedy such failure. GUARANTOR shall pay
      all
      amounts due hereunder to CUSTOMER within thirty (30) days after demand
      therefor.

     

    2. Notwithstanding
      anything herein to the contrary, GUARANTOR’s obligations hereunder shall not
      exceed US$4,712,500. Except as provided herein, GUARANTOR
      shall not be liable for additional
      losses,
      damages, expenses, liabilities, claims, costs or proceedings which the CUSTOMER
      may suffer or incur by reason of the said failure or breach.

     

    3. GUARANTOR
      shall be, and continue to be, liable under this Guarantee even if the DEWIND
      Agreement or the SEAWIND Agreement (collectively, the “Supply Agreements”) is or
      becomes for any reason not binding on, or unenforceable against, DEWIND or
      SEAWIND, as applicable, for any reason whatsoever. Except as provided in
      paragraph 2 above, no amendment or modification to the Supply Agreements or
      the
      obligations thereunder, no extension of time, forbearance or forgiveness, nor
      any act, matter or thing whatsoever (except an express release by the CUSTOMER)
      shall in any way release or reduce any liability of GUARANTOR hereunder.
      References to the Supply Agreements in this Guarantee shall include all
      amendments, modifications, variations and additions, whether made before or
      after the date hereof.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4. This
      Guarantee shall expire upon delivery of the wind turbines to CUSTOMER in
      accordance with paragraph 5.2 of the SEAWIND Agreement (the
“Term”).

     

    5. This
      Guarantee shall remain in full force and effect for the Term of this Guarantee,
      notwithstanding the following:

     

    (a) the
      insolvency or liquidation of the GUARANTOR, DEWIND, SEAWIND or any other
      person;

     

    (b) any
      disclaimer of (i) the Supply Agreements by a liquidator of DEWIND or SEAWIND,
      as
      applicable, or any provision thereof, (ii) the negotiations that occurred prior
      to entering into the Supply Agreements, or (iii) the performance of the Supply
      Agreements, making it ineffective or unenforceable.

     

    6. Until
      the
      expiration of the Term, in no event shall GUARANTOR by virtue of any performance
      or payment made by it or otherwise:

     

    (a) be
      subrogated to any rights, security or moneys held or received or receivable
      by
      CUSTOMER; or

     

    (b) be
      entitled to exercise any right of contribution from any co-surety in respect
      of
      such performance and liabilities under any other guarantee, security or
      agreement; or

     

    (c) exercise
      any right of set-off or counterclaim against DEWIND or SEAWIND, as applicable,
      or any such co-surety; or

     

    (d) receive,
      claim or have the benefit of any payment, distribution, security or indemnity
      from DEWIND or SEAWIND, as applicable, or any such co-surety; or

     

    (e) unless
      so
      directed by CUSTOMER (whereupon the collected funds shall be delivered to
      CUSTOMER as directed by CUSTOMER), claim to be a creditor of DEWIND or SEAWIND,
      as applicable, or any such co-surety in competition with CUSTOMER.

     

    7. No
      delay
      or omission of CUSTOMER in exercising any right, power or privilege hereunder
      shall impair such right, power or privilege or be construed as a waiver of
      such
      right, power or privilege nor shall any single or partial exercise of any such
      right, power or privilege preclude any further exercise thereof or the exercise
      of any other right, power or privilege. GUARANTOR waives, as a condition
      precedent to the performance of its obligations hereunder, (a) notice of
      acceptance hereof, (b) any and all presentment, demand, protest or notice of
      any
      kind, including notice of any alterations, modifications, amendments, waivers,
      or extension of time made by DEWIND, SEAWIND and CUSTOMER.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    8. A
      waiver
      given or consent granted by CUSTOMER under this Guarantee shall be effective
      only if given in writing and then only in the instance and for the purpose
      for
      which it is given.

     

    9. All
      notices shall be in writing and shall be sent by either personal delivery,
      a
      reputable overnight courier which keeps receipts of delivery (such as UPS or
      Federal Express), or by first class post, postage prepaid, certified or
      registered mail, return receipt requested. Any such notice shall be effective
      upon delivery, if delivered by personal delivery or overnight courier, and
      seventy-two (72) hours after dispatch, if sent by first class post in accordance
      with the above. Notices to the respective parties shall be sent to the following
      addresses unless written notice of a change of address has been previously
      given
      pursuant hereto:

     

    
      	Customer:	Guarantor:
	 	 
	Compañía Barrick
              Chile Generación Ltda.	Composite
              Technology
              Corporation Incorporated
	Avda. Ricardo
              Lyon
              222, 8th Floor	2026 McGaw
              Avenue
	
              Santiago,
                Chile

            	
              Irvine,
                California

              92614

              United
                States

            

    

    10. Nothing
      in this Guarantee, express or implied, is intended to confer any rights upon
      any
      person or entity other than the parties and their successors and assigns. No
      other party may enforce any term or provision of this Guarantee.

     

    11. If
      CUSTOMER is required to pursue any remedy against GUARANTOR hereunder, CUSTOMER
      shall be entitled to recover from GUARANTOR, the reasonable attorneys’ fees and
      expenses of CUSTOMER incurred in connection therewith.

     

    12. This
      Guarantee shall be governed by and construed in accordance with the laws of
      the
      State of Florida, without giving effect to conflicts of law principles.
      GUARANTOR hereby expressly and irrevocably agrees CUSTOMER may bring any action
      or claim to enforce the provisions of this Guarantee in the state and federal
      courts located within the State of Florida, and the GUARANTOR irrevocably
      consents to personal jurisdiction in the State of Florida for the purposes
      of
      any such action or claim. 

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    IN
      WITNESS WHEREOF, GUARANTOR has duly executed and delivered this Guarantee and
      CUSTOMER has executed its acceptance of this Guarantee effective on the date
      written above.

    
      	 	 	 
	 	Composite
              Technology Corporation Incorporated
	 	 
	
            	By:  	__________________________
	 	Name:   	__________________________
	 	Title:	__________________________
	 	 	 

    

     

    Accepted:

    

    Compañía
      Barrick Chile Generación Ltda.

    

    By:
      ______________________________

    Name:
      ____________________________

    Title:
      _____________________________

    

     

    By:
      ______________________________

    Name:
      ____________________________

    Title:
      _____________________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
      T

     

    Availability
      Guarantee 

     

    The
      following defines Availability for purposes of the Turbine Supply Agreement
      between DeWind, Inc. and Enerserve Ltd. to which this Exhibit T is attached
      (the
“Agreement”), the benefits of which shall be assignable in full to the Ultimate
      equipment Purchaser, Barrick Generacion Limitada.

     

    The
      formula for the calculation of Availability for a single Wind Turbine during
      any
      applicable time period is as follows:

     

    
      	
              

            	
               x
                100,
                where:

            	 

    

     

    
      	
            	A	
              Availability.
                Availability of the Turbine in percent
                (%).

            

    

     

    
      	
            	P	
              Accounting
                Period.
                Every hour of the applicable time period, as described in Section
                10.6 of
                the Agreement.

            

    

     

    
      	
            	T	
              Total
                Down Time.
                Total of the Turbine down time as defined
                below

            

    

     

    
      	
            	N	
              Non-Supplier
                Liable Down Time.
                Total of the Turbine down time which Supplier cannot be held liable
                for as
                defined below

            

    

     

    Definition
      of T (Total Down Time)

     

    T
      is
      defined as the total of all down times (i.e., Turbine is not producing power
      for
      whatever reason) during the Accounting Period P with the exclusion of the
      following modes which are part of normal operation of a Turbine:

     

    
      	
            	·	
              Automatic
                Turbine system check

            

    

     

    
      	
            	·	
              Voltage
                build up during starting sequence

            

    

     

    
      	
            	·	
              Hydraulic
                warming up period

            

    

     

    
      	
            	·	
              Unwinding
                of power cables

            

    

     

    Definition
      of N (Non Supplier liable Down Time)

     

    N
      is
      defined as the total of any Down Time for the following reasons and
      circumstances:

     

    
      	
            	·	
              Grid
                failure or interruptions outside the applicable network/grid
                parameters

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	·	
              Failure
                of the Turbine to be dispatched into the grid, either by the grid
                operator, the power purchaser, any governmental agency or other authority
                

            

    

     

    
      	
            	·	
              Any
                grid shut-down

            

    

     

    
      	
            	·	
              Failure
                of a continuous interconnection to the
                grid

            

    

     

    
      	
            	·	
              Any
                failure of the operator to perform in accordance with the Wind Turbine
                Specifications, Prudent Wind Industry Practices and the
                Agreement

            

    

     

    
      	
            	·	
              Any
                failure to meet the warranty exclusions set forth in Section 10.9
                of the
                Agreement. 

            

    

     

    
      	
            	·	
              Maintenance
                work (max. 48 h / year)

            

    

     

    
      	
            	·	
              Wind
                speed is outside the specified operational limits of the
                Turbine

            

    

     

    
      	
            	·	
              Wind
                Turbine shut-down for any reason not attributable to Seller’s failure to
                comply with the Warranty

            

    

     

    
      	
            	·	
              Failures
                due to problems with telecommunications unless relating to the portion
                of
                the SCADA supplied by Seller

            

    

     

    
      	
            	·	
              Time
                taken for a crane to be bought to project site to change a
                component

            

    

     

    
      	
            	·	
              Time
                taken for a component not stock at project site to be shipped to
                site

            

    

     

    
      
        	
              	·	
                Time
                  taken taken
                  for qualified technician to arrive at project site to undertake
                  warranty
                  work

              

      

    

     

    
      	
            	·	
              Other
                delays that could stop contractor performing his duties under this
                agreement

            

    

     

    
      	
            	·	
              Force
                Majeure

            

    

     

    “Availability”
      shall be calculated as the arithmetical average during the applicable period
      of
“A” for all Wind Turbines.

     

    Rights
      and Remedies

     

    In
      the
      event that generating availability determined in accordance with this guarantee
      is not achieved as required by clause 3.5 of the Supply agreement, the Supplier
      shall be liable to the Ultimate Equipment Purchaser for the payment of
      liquidated damages to be payable at the rate of USD 1000 per 24 hours period
      per
      turbine, or pro rata thereof.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      U:

     

    PARENT
      COMPANY OPERATING GUARANTEE

     

    PARENT
      COMPANY GUARANTEE

     

    THIS
      PARENT COMPANY GUARANTEE (“Guarantee”)
      is given as of this June 15, 2007, by Composite Technology Corporation
      Incorporated, whose registered office is at 2026 McGaw Avenue, Irvine,
      California 92614, United States, (the “GUARANTOR”); in favor of Compañía Barrick
      Chile Generación Ltda., whose office is at Avda. Ricardo Lyon 222, 8th Floor,
      Santiago, Chile, (the “CUSTOMER”, which term shall include its successors and
      assignees).

     

    WHEREAS,
      Seawind
      Services Ltd. (“SEAWIND”) and DeWind Inc. (“DEWIND”) are parties to that certain
      agreement dated June 15, 2007 (the “DEWIND Agreement”) wherein DEWIND is to
      supply wind turbines and perform certain services (the “DEWIND Services”) in
      accordance with the terms and conditions of the DEWIND Agreement.

     

    WHEREAS,
      SEAWIND
      and CUSTOMER are parties to that certain Agreement
      for the
Supply
      of
      Five
      Wind Turbines at
      Punta
      Colorada, Chile
      (the
“SEAWIND Agreement”) wherein SEAWIND is to supply wind turbines and perform
      certain services (the “SEAWIND Services”) in accordance with the terms and
      conditions of the SEAWIND Agreement.

     

    WHEREAS,
      as
      a
      condition precedent to CUSTOMER entering into the SEAWIND Agreement, CUSTOMER
      is
      requiring that GUARANTOR enter into this Guarantee for the benefit of
      CUSTOMER.

     

    WHEREAS,
      GUARANTOR is the parent company of DEWIND and will derive a substantial benefit
      from the transactions contemplated by the DEWIND Agreement and the SEAWIND
      Agreement.

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing premises and for other good and valuable
      consideration, the receipt and adequacy of which are hereby acknowledged,
      GUARANTOR hereby covenants and agrees with CUSTOMER as follows:

     

    1. GUARANTOR
      hereby absolutely irrevocably and unconditionally guarantees to CUSTOMER the
      prompt and full repayment of the reasonable costs and expenses incurred by
      CUSTOMER if SEAWIND fails to (i) timely and completely perform the required
      warranty services described in Exhibit T: Warranty of the SEAWIND Agreement,
      or
      (ii) pay the liquidated damages that may be owing because the generating
      availability is not achieved as described in Exhibit K: Availability Guarantee
      of the SEAWIND Agreement. GUARANTOR shall pay all amounts due hereunder to
      CUSTOMER within sixty (60) days after demand therefor.

     

    2. Notwithstanding
      anything herein to the contrary, GUARANTOR’s obligations hereunder shall not
      exceed US$500,000. Except as provided herein, GUARANTOR
      shall not be liable for additional
      losses,
      damages, expenses, liabilities, claims, costs or proceedings which the CUSTOMER
      may suffer or incur by reason of the said failure or breach.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. GUARANTOR
      shall be, and continue to be, liable under this Guarantee even if the DEWIND
      Agreement or the SEAWIND Agreement (collectively, the “Supply Agreements”) is or
      becomes for any reason not binding on, or unenforceable against, DEWIND or
      SEAWIND, as applicable, for any reason whatsoever. Except as provided in
      paragraph 2 above, no amendment or modification to the Supply Agreements or
      the
      obligations thereunder, no extension of time, forbearance or forgiveness, nor
      any act, matter or thing whatsoever (except an express release by the CUSTOMER)
      shall in any way release or reduce any liability of GUARANTOR hereunder.
      References to the Supply Agreements in this Guarantee shall include all
      amendments, modifications, variations and additions, whether made before or
      after the date hereof.

     

    4. This
      Guarantee shall expire at the end of the warranty period described in described
      in Exhibit T: Warranty of the SEAWIND Agreement (the “Term”).

     

    5. This
      Guarantee shall remain in full force and effect for the Term of this Guarantee,
      notwithstanding the following:

     

    (a) the
      insolvency or liquidation of the GUARANTOR, DEWIND, SEAWIND or any other
      person;

     

    (b) any
      disclaimer of (i) the Supply Agreements by a liquidator of DEWIND or SEAWIND,
      as
      applicable, or any provision thereof, (ii) the negotiations that occurred prior
      to entering into the Supply Agreements, or (iii) the performance of the Supply
      Agreements, making it ineffective or unenforceable.

     

    6. Until
      the
      expiration of the Term, in no event shall GUARANTOR by virtue of any performance
      or payment made by it or otherwise:

     

    (a) be
      subrogated to any rights, security or moneys held or received or receivable
      by
      CUSTOMER; or

     

    (b) be
      entitled to exercise any right of contribution from any co-surety in respect
      of
      such performance and liabilities under any other guarantee, security or
      agreement; or

     

    (c) exercise
      any right of set-off or counterclaim against DEWIND or SEAWIND, as applicable,
      or any such co-surety; or

     

    (d) receive,
      claim or have the benefit of any payment, distribution, security or indemnity
      from DEWIND or SEAWIND, as applicable, or any such co-surety; or

     

    (e) unless
      so
      directed by CUSTOMER (whereupon the collected funds shall be delivered to
      CUSTOMER as directed by CUSTOMER), claim to be a creditor of DEWIND or SEAWIND,
      as applicable, or any such co-surety in competition with CUSTOMER.

     

    7. No
      delay
      or omission of CUSTOMER in exercising any right, power or privilege hereunder
      shall impair such right, power or privilege or be construed as a waiver of
      such
      right, power or privilege nor shall any single or partial exercise of any such
      right, power or privilege preclude any further exercise thereof or the exercise
      of any other right, power or privilege. GUARANTOR waives, as a condition
      precedent to the performance of its obligations hereunder, (a) notice of
      acceptance hereof, (b) any and all presentment, demand, protest or notice of
      any
      kind, including notice of any alterations, modifications, amendments, waivers,
      or extension of time made by DEWIND, SEAWIND and CUSTOMER.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    8. A
      waiver
      given or consent granted by CUSTOMER under this Guarantee shall be effective
      only if given in writing and then only in the instance and for the purpose
      for
      which it is given.

     

    9. All
      notices shall be in writing and shall be sent by either personal delivery,
      a
      reputable overnight courier which keeps receipts of delivery (such as UPS or
      Federal Express), or by first class post, postage prepaid, certified or
      registered mail, return receipt requested. Any such notice shall be effective
      upon delivery, if delivered by personal delivery or overnight courier, and
      seventy-two (72) hours after dispatch, if sent by first class post in accordance
      with the above. Notices to the respective parties shall be sent to the following
      addresses unless written notice of a change of address has been previously
      given
      pursuant hereto:

     

    
      	
              Customer:

               

              Compañía
                Barrick Chile Generación Ltda.

              Avda.
                Ricardo Lyon 222, 8th Floor

              Santiago,
                Chile

            	
              Guarantor:

               

              Composite
                Technology Corporation Incorporated

              2026
                McGaw Avenue

              Irvine,
                California

              92614

              United
                States

               

            

    

    10. Nothing
      in this Guarantee, express or implied, is intended to confer any rights upon
      any
      person or entity other than the parties and their successors and assigns. No
      other party may enforce any term or provision of this Guarantee.

     

    11. If
      CUSTOMER is required to pursue any remedy against GUARANTOR hereunder, CUSTOMER
      shall be entitled to recover from GUARANTOR, the reasonable attorneys’ fees and
      expenses of CUSTOMER incurred in connection therewith.

     

    12. This
      Guarantee shall be governed by and construed in accordance with the laws of
      the
      State of Florida, without giving effect to conflicts of law principles.
      GUARANTOR hereby expressly and irrevocably agrees CUSTOMER may bring any action
      or claim to enforce the provisions of this Guarantee in the state and federal
      courts located within the State of Florida, and the GUARANTOR irrevocably
      consents to personal jurisdiction in the State of Florida for the purposes
      of
      any such action or claim. 

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, GUARANTOR has duly executed and delivered this Guarantee and
      CUSTOMER has executed its acceptance of this Guarantee effective on the date
      written above.

    

    Composite
      Technology Corporation Incorporated

    

    By:
      ______________________________

    Name:
       ____________________________

    Title:
       _____________________________

    

    Accepted:

    

    Compañía
      Barrick Chile Generación Ltda.

    

    By:
      ______________________________

    Name:
      ____________________________

    Title:
      _____________________________

    

     

    By:
      ______________________________

    Name:
      ____________________________

    Title:
      _____________________________

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      V: WARRANTY

    

    6.1 Warranty.
      Supplier
      warrants that the Turbine Equipment shall be (i) made of new materials in
      compliance with the terms of this Agreement, Prudent Industry Practices and
      the
      Technical Specifications, (ii) free of all material defects in design,
      engineering, materials, manufacture, assembly and workmanship, and in compliance
      with the Technical Specifications under the climatic and normal operating
      conditions described in the Technical Specifications, and (iii) free of liens
      and encumbrances except as otherwise permitted in this Agreement (the
“Equipment
      Warranty”).
      Any
      portion of the Turbine Equipment or other services required of Supplier under
      this Agreement which fail to meet this standard shall be deemed “Defective
      Work”.
      Further, Supplier warrants that Commissioning work shall be performed in a
      good
      and workmanlike manner and in accordance with the requirements of this
      Agreement

    

    6.2 Warranty
      Period.
      The
      Equipment Warranty shall continue for a period (the “Warranty
      Period”)
      that
      commences on the Final Acceptance Date and ends on the date that is the second
      (2nd) anniversary of the Final Acceptance Date. 

    

    Owner
      must execute a Maintenance and Service Agreement with Supplier for a term that
      coincides with the Warranty Period. The warranty coverage provided under this
      Section 6 shall immediately cease if at any time the Maintenance and Services
      Agreement between Supplier and Owner expires or terminates.

    

    6.3 Correction
      of Deficiencies. 

    

    6.3.1 Supplier
      shall, after discovery of any Defective Work, at its sole cost and expense
      (including the cost of labor and equipment), use all commercially reasonable
      efforts to correct the Defective Work and repair or replace any defective part
      or equipment with materials of new and good quality (the “Warranty
      Service”).
      If
      Supplier fails to complete the correction of any defect of which it has been
      notified or which it has discovered, including the repair or replacement of
      defective parts or equipment, within a reasonable period of time, which shall
      not in any case be less than 8 weeks, Owner may notify Supplier in writing
      that
      it intends to initiate required repairs one week after the date of notice.
      If
      Supplier fails to promptly initiate the required Warranty Service after such
      notice, Owner may proceed to have the necessary repairs made and Supplier shall
      be responsible for the reasonable costs and expenses incurred by Owner for
      such
      repairs. Any part or equipment that is repaired or replaced under the Equipment
      Warranty and all associated labor shall be covered by the Equipment Warranty
      for
      a term equal to the greater of one (1) year or the remaining Warranty
      Period.

    

    6.4 Conformance
      of Warranty Service to Specifications.
      Supplier
      warrants in favor of Owner that all Warranty Service, including all repaired
      or
      replace parts or equipment, shall meet and conform to the requirements of the
      Technical Specifications, Prudent Industry Practices and this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    6.5 Warranty
      Service at Supplier's Cost; Survival.
      Supplier
      shall perform all Warranty Service at its own cost and expense. Supplier's
      obligation to correct, repair, replace or re-perform Defective Work pursuant
      to
      this Section 6 shall survive the termination or expiration of this Agreement,
      so
      long as the Defective Work was identified to Supplier in accordance with the
      provisions of this Section 6 and within the Warranty Period.

    

    6.6 Availability
      Warranty.
      During
      the Warranty Period, Supplier warrants that the Turbines, when installed in
      accordance with the Installation Manual, will, on average, be capable of
      collectively operating at a level of no less than ninety (90) percent
      availability for the six-month period after the Final Acceptance Date and no
      less than ninety-five (95) percent availability for the six month period
      thereafter, and each of the subsequent years of the Warranty Period
      (“Guaranteed
      Average Availability”).
      Availability shall be measured in accordance with Exhibit
      K.
      To the
      extent the Turbines fail to be capable of collectively operating at the required
      minimum level during any applicable period, Supplier agrees and acknowledges
      that Owner will suffer damages in the form of lost revenues and income and
      agrees to pay Owner damages in amounts calculated in the manner set forth in
      Exhibit
      K..
      The
      parties agree that the Availability Liquidated Damages are a reasonable
      approximation of the losses and damages likely to be suffered by Owner and
      are
      not intended to be punitive or excessive, and shall be payable notwithstanding
      any provision of this Agreement otherwise limiting consequential damages.
      Supplier’s aggregate liability for liquidated damages under this Section 6.6
      shall not exceed an amount equal to ten percent (10%) of the Contract Price
      actually paid by Owner to Supplier. 

    

    6.7 Noise
      Warranty.

    

    6.7.1 Supplier
      warrants that the noise created by each Turbine, measured at the nacelle, shall
      not at any time exceed a sound power level of 106 dB(A) at a wind speed of
      10
      meters per second. In addition, the Turbine Equipment shall emit no pure tones
      (all such requirements the “Noise
      Warranty”).
      

     

    6.7.2 The
      first
      test of noise levels at any one or more Turbines shall be conducted by a
      qualified expert at Owner’s expense. Testing protocols shall be as set forth in
      IEC 61400-11. Ed. 12-2002, amended and revised.

     

    6.7.3 If
      testing reveals that any Turbine fails to meet the Noise Warranty established
      in
      Section 6.7.1, Supplier shall undertake, at its expense, to make such
      improvements to the applicable Turbine(s) as are necessary to cause each such
      Turbine to meet the warranted noise level. Supplier shall make its improvements
      as soon as practicable. Supplier shall be responsible for the subsequent noise
      testing of any such Turbines until compliance is attained with the Noise
      Warranty, and all related expenses.

    

    6.8 Power
      Curve Guarantee.
      Supplier
      hereby guarantees (the “Power
      Curve Guarantee”),
      based
      on the performance of a Power Curve Test and at the time thereof, that the
      Turbine Measured Energy Yield of the Turbines collectively will be not less
      than
      ninety-five percent (95%) of the Turbine Guaranteed Energy Yield. Supplier
      warrants that the power curve for the Turbines is set forth in Exhibit
      S.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    6.8.1 Performance
      of Power Curve Test.
      Owner
      may retain a third party, qualified engineer acceptable to Supplier to perform
      the Power Curve Test in accordance with IEC 61400-12-1 on one (1) Turbine
      designated by Supplier and Owner. Owner shall pay all costs of any such Power
      Curve Test if the Turbine passes the test, and Supplier shall pay the costs
      of
      any such Power Curve Test if the Turbine fails the test. The Power Curve Test
      shall be performed under normal operating conditions in accordance with the
      Power Curve Test Procedures. If Owner elects to conduct the Power Curve Test,
      it
      shall begin no earlier than Final Acceptance of the all Turbine Equipment,
      and
      shall be concluded no later than twelve (12) months after the Final Acceptance
      Date. Owner will give Supplier at least twenty eight (28) days prior written
      notice of its intent to perform any Power Curve Test. No later than fourteen
      (14) days following the administration of the initial Power Curve Test, Owner
      shall notify Supplier in writing whether the Turbines have met or failed the
      Power Curve Test. Supplier shall have the right to be present at each Power
      Curve Test. If not nominated Turbine passes the Power Curve Test, all Turbines
      shall be deemed to have satisfied the Power Curve Guarantee.

    

    6.8.2 Failure
      to Perform the Power Curve Test.
      If Owner
      does not complete the Power Curve Test on the Turbines on or before the end
      of
      the period specified in Section 6.8.1, the Turbines shall be deemed to have
      satisfied the Power Curve Test and Owner will not be entitled to any damages
      as
      a result of any failure of the Turbines to meet the Power Curve Guarantee.
      

    

    6.8.3 Procedures
      on Power Curve Test Failure.
      If the
      Turbines fail the initial Power Curve Test, then for up to ninety (90) days
      after Owner notifies Supplier of such failure, Supplier shall have the right
      to
      cause repairs or replacements to be made to the Turbine Equipment designed
      to
      cause the Turbines to pass the Power Curve Test, at Supplier’s expense. Supplier
      may request in writing at any time during such ninety (90) day period that
      Owner
      cause an additional Power Curve Test to be conducted as soon as practicable
      following the expiration of such ninety (90) day period. If the Turbines fail
      any such second Power Curve Test, then for up to ninety (90) days after Owner
      notifies Supplier of such failure, Supplier shall have the right to cause
      repairs or replacements to be made to the Turbine Equipment designed to cause
      the Turbines to pass the Power Curve Test, at Supplier’s expense. Any such
      repairs or replacements elected to be made by Supplier shall be made as soon
      as
      is practicable. Upon completion of such repairs and replacements, Supplier
      may
      (within 90 days of the failure of the second Power Curve Test) request Owner
      to
      conduct a third Power Curve Test. Each Power Curve Test shall be conducted
      in
      accordance with the requirements of this section and IEC 61400-12-1 , and shall
      be conducted by the same engineer as conducted the first Power Curve Test.
      Not
      later than twenty-one (21) days following the completion of the third Power
      Curve Test, Owner shall notify Supplier in writing whether the Turbines have
      passed or failed to pass the Power Curve Test. If Supplier fails to request
      a
      second or third Power Curve Test within the applicable ninety (90) day period,
      then no later than ten (10) Business Days following the expiration of the
      applicable ninety (90) day period, Supplier shall pay to Owner the Power Curve
      Liquidated Damages in accordance with the provisions of Section 6.8.4 based
      on
      the results of the immediately preceding Power Curve Test. If a second or third
      Power Curve Test is conducted at Supplier’s request, and the Turbines fail the
      second Power Curve Test (and Supplier does not timely exercise its right for
      a
      third Power Curve Test) or the Turbines fail the third Power Curve Test, then
      Supplier shall pay to Owner, no later than thirty (30) Business Days following
      receipt of notice of such failure, the Power Curve Liquidated Damages due to
      Owner in accordance with the provisions of Section 6.8.4 based on the results
      of
      the second or third, as applicable, Power Curve Test. If the nominated Turbine
      passes the second or third Power Curve Test, Supplier shall perform the same
      repair to all other Turbines having the same defect, but no further testing
      of
      the Turbines shall be required.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    6.8.4 Damages
      for Failure to Achieve Power Curve Guarantees.
      If the
      Turbine Measured Energy Yield (as defined in Exhibit
      S)
      for the
      Turbines with respect to the applicable Power Curve Test is less than 95% of
      the
      Turbine Guaranteed Energy Yield (as defined in Exhibit
      S),
      Supplier shall pay Owner, subject to the limitation set forth below and as
      liquidated damages, US$___________ for each percent, pro-rated for each fraction
      of a percent (to one one-thousandth of a percent), that the Turbine Measured
      Energy Yield is less than 95% of the Turbine Guaranteed Energy Yield (the
“Power
      Curve Liquidated Damages”).
      The
      Power Curve Liquidated Damages shall be based on the applicable Power Curve
      Test
      referenced in Section 6.8.3. This Section 6.8.4 represents Owner’s sole and
      exclusive remedy for Supplier’s failure to achieve the Power Curve Guarantee.
      Supplier’s aggregate liability hereunder for Power Curve Liquidated Damages
      shall not exceed an amount equal to ten percent (10%) of the Contract Price
      actually paid by Owner to Supplier..

    

    6.9 Limitations.
      The
      duties, liabilities and obligations of Supplier under Sections 6.1 through
      6.8
      apply only to failures relating to the applicable warranties and do not extend
      to any correction, repair or replacement caused or necessitated by: (a) the
      failure of the Turbine Equipment to be constructed and installed by Owner at
      the
      Project Site in accordance with the Technical Specifications and Installation
      Manual; (b) the failure of the Necessary Infrastructure to be installed or
      constructed in accordance with Prudent Industry Practices; (c) the failure
      by
      Owner to operate and maintain the Turbine Equipment in accordance with the
      Installation Manual and the Service Manual; and/or (d) any changes in the
      Permits and/or Applicable Laws that occur or take effect after the Effective
      Date. In connection with satisfaction of the Equipment Warranty or Availability
      Warranty, Supplier shall be given an opportunity to make such diagnostic tests
      and perform such remedial services as Supplier deems appropriate in connection
      with the satisfaction of any warranty claim made by Owner hereunder; provided
      that any such tests and services shall not permit Supplier to delay or avoid
      its
      correction obligations under Section 6.3, and the results of any such tests
      shall be shared with Owner. 

    

    6.10 
      WARRANTY DISCLAIMER.
      OWNER
      ACKNOWLEDGES AND AGREES THAT SUPPLIER’S WARRANTIES SET FORTH IN THIS AGREEMENT
      ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES, EXPRESS, IMPLIED OR
      STATUTORY, FOR TITLE, PERFORMANCE, MERCHANTABILITY, FITNESS FOR A PARTICULAR
      PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR OTHERWISE. ON THAT BASIS,
      THERE ARE NO OTHER WARRANTIES, AGREEMENTS, ORAL OR WRITTEN, OR UNDERSTANDINGS
      WHICH EXTEND BEYOND THOSE SET FORTH IN THIS AGREEMENT WITH RESPECT TO THE
      MATERIALS, EQUIPMENT AND SERVICES PROVIDED BY SUPPLIER.

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