Document:

Jesup & Lamont
                             SECURITIES CORPORATION

                                650 FIFTH AVENUE
                                                          NEW YORK, NY 10019

NASD                                                   TELEPHONE: (212) 307-2660
SIPC                                                   FAX:       (212) 757-7478

                                                                      Draft # 1a

August 4, 2000

W.Richard Lueck
CEO
Geotec Thermal Generators, Inc.
1615 S.Federal Highway
Suite 101
Boca Raton, FL 33432

Dear Mr. Lueck,

         The purpose of this letter agreement (the  "Agreement") is to set forth
the terms and conditions pursuant to which Jesup & Lamont Securities Corporation
("Jesup")  shall serve as an exclusive  placement  agent in connection  with the
offering (the  "Offering") of securities  (the  "Securities")  of Geotec Thermal
Generators,  Inc.  (the  "Company").  The gross  proceeds  from the  Offering is
expected  to be in excess of  $40,000,000.  The terms of such  Offering  and the
Securities shall be substantially in the form set forth in Exhibit D hereto.

         Upon the terms and subject to the  conditions  of this  Agreement,  the
parties hereto agree as follows:

         1.  Appointment.  Subject to the terms and conditions of this Agreement
hereinafter set forth, the Company hereby retains Jesup, and Jesup hereby agrees
to act as the  Company's  exclusive  placement  agent and  financial  advisor in
connection  with the  Offering,  effective  as of the date  hereof.  The Company
expressly  acknowledges and agrees that Jesup's  obligations  hereunder are on a
reasonable best efforts basis only and that the execution of this Agreement does
not  constitute a commitment  by Jesup to purchase the  Securities  and does not
ensure the successful  placement of the Securities or any portion thereof or the
success of Jesup with respect to securing  any other  financing on behalf of the
Company.

         2.  Fees and Compensation. In consideration  of the  services  rendered
by Jesup in connection  with the Offering,  the Company  agrees to pay Jesup the
following fees and other compensation:

        (a)    A total  cash fee equal to 10.00%  of any funds  received  by the
               Company  from any  investors or lenders  contacted  and listed in
               Exhibit  E by Jesup  while  this  Agreement  is in  effect.  Each
               contact of an investor or lender by Jesup while this Agreement is
               in  effect  shall  require  the  written  acknowledgement  of the
               Company.

        (b)    A  fee  consisting  of  10%  warrant  coverage  for  the  initial
               placement of at least  $2,500,000  and  additional fee of 500,000
               warrants (the Placement  Agents  Warrants")  once the Equity Line
               commitment is in place.  The  Placement  Agents  Warrants,  which
               shall be  satisfactory  in form and  substance  to Jesup  and its
               counsel, will expire three years from the date of issuance,  will
               be  non-callable  and will be  exercisable at 125% of the Closing
               Price  (120% of the  Closing  Price  for on the  Equity  Line) as
               reported by  Bloomberg  on the Closing  Date.  The holders of the
               Placement  Agent  Warrants  will  have  an  unlimited  number  of
               "piggyback" registration rights.

        (c)    1.00% expense allowance against money raised.

         3.  Terms of Retention.  Unless  extended  or  terminated in writing by
the parties hereto, this Agreement shall remain in effect until August 31, 2000.

         Notwithstanding  anything herein to the contrary, the obligation to pay
the Fees and  Compensation  described in Section 2, if any, and  paragraph 2, 6,
and 8 of Exhibit A and all of Exhibit B and  Exhibit C  attached  hereto,  shall
survive any  termination or expiration of the  Agreement,  should a closing take
place. Not withstanding the foregoing,  it is expressly understood and agreed by
the  parties  hereto  that any  private  financing,  whether  through  senior or
subordinated  debt or equity, of the Company within 18 months of the termination
of this Agreement,  with any qualified investors or lenders contacted and listed
in Exhibit E by Jesup while this  Agreement was in effect,  shall result in cash
fees due and  payable by the  Company to Jesup under the same terms of Section 2
above.

         4.  Due  Diligence. Jesup's role as the  placement  agent in connection
with the Offering is subject to its satisfactory  completion of due diligence of
the Company's business plans, future business and financial conditions. If Jesup
is unsatisfied with the results of its due diligence, Jesup shall give a written
notice of such to the  Company,  and upon  receipt of such notice by the Company
this Agreement will terminate and,  notwithstanding  the provisions of section 3
hereof the Company's obligation under sections 2 hereof shall be terminated.

         5.  Information. The Company recognizes and confirms that in completing
its engagement hereunder,  Jesup will be using and relying on publicly available
information and on data,  material and other  information  furnished to Jesup by
the Company.  It is understood that in performing under this  engagement,  Jesup
may assume and rely upon the accuracy and  completeness  of, and is not assuming
any  responsibility  for independent  verification  of, such publicly  available
information and the other information so furnished.

         6.  Intentionally Ommitted.

         7.  Offers and Sales Only to Institutional Accredited Investors. Offers
and sales of the Securities  will be made only to  institutional  investors that
are reasonably  believed to be "accredited  investors" as defined in Rule 501(a)
promulgated  under the Securities Act of 1933, as amended (the "Securities Act")
(each such institutional  investor being hereby referred to as an "Institutional
Accredited  Investor").  Jesup shall use  reasonable  care to ensure,  including
through the use of investor  questionnaires  and subscription  agreements,  that
purchasers acquire the Securities for their own account, for investment purposes
only, and not with a view to resale.

         8.  No General Solicitation.  The Securities will be  offered  only  by
approaching   prospective   purchasers  on  an  individual   basis.  No  general
solicitation or general  advertising in any form will be used in connection with
the offering of the Securities.

         9.  Miscellaneous. This Agreement constitutes the entire  understanding
and agreement  between the parties with respect to its subject  matter and there
are no agreements or understandings with respect to the subject matter which are
contained in this  Agreement.  This  Agreement  may be modified  only in writing
signed by the party to be charged hereunder.

         If the foregoing  correctly  sets forth our  agreement,  please confirm
this by signing and returning to us the duplicate copy of this letter  whereupon
it shall become a binding agreement between the Company and Jesup.

         We appreciate this opportunity to be of service and are looking forward
to working with you on this matter.

                                                    Very truly yours,
                                                    JESUP & LAMONT
                                                    SECURITIES CORPORATION

                                                    By:
                                                    ----------------------------
                                                    Howard F. Curd - President

         Agreed to and Accepted
         as of the Effective Date:

         Geotec Thermal Generators, Inc.

By:
         -------------------------------
         W.Richard Lueck
         CEO

<PAGE>

                                                                       EXHIBIT A

                          STANDARD TERMS AND CONDITIONS

1.       The Company shall promptly provide Jesup with all relevant  information
         about the Company (to the extent  available  to the Company in the case
         of parties other than the Company)  that shall be reasonably  requested
         or  required  by Jesup,  which  information  shall be  accurate  in all
         material respects at the time furnished.

2.       Jesup shall keep all  information  obtained  from the Company  strictly
         confidential  except:  (a)  information  which  is  otherwise  publicly
         available, (b) Jesup may disclose such information to its employees and
         attorneys, and to its other advisors and financial sources on a need to
         know basis only and shall  ensure that all such  employees,  attorneys,
         advisors  and  financial  sources will keep such  information  strictly
         confidential;  and (c)  pursuant  to any order of a court of  competent
         jurisdiction or other governmental body or as may otherwise be required
         by law.

3.       The Company  recognizes that in order for Jesup to perform properly its
         obligations  in a  professional  manner,  it is necessary that Jesup be
         informed of and, to the extent practicable, participate in meetings and
         discussions  between the  Company  and any third party  relating to the
         matters covered by the terms of Jesup's engagement.

4.       The  Company  agrees  that any  report  or  opinion,  oral or  written,
         delivered to it by Jesup is prepared  solely for its  confidential  use
         and shall not be reproduced,  summarized,  or referred to in any public
         document or given or  otherwise  divulged to any other  person  without
         Jesup's prior written consent,  except as may be required by applicable
         law or regulation,  which consent shall not be unreasonably withheld or
         delayed.

5.       No fee  payable  to Jesup  pursuant  to any  other  agreement  with the
         Company  or  payable  by the  Company  to any  lender  shall  reduce or
         otherwise  affect any fee  payable by the  Company to Jesup  under this
         Agreement.

6.       The Company  represents and warrants that: (a) it has full right, power
         and  authority to enter into this  agreement  and to perform all of its
         obligations hereunder;  (b) this Agreement has been duly authorized and
         executed and  constitutes a valid and binding  agreement of the Company
         enforceable  in  accordance  with its terms;  and (c) the execution and
         delivery of this  Agreement and the  consummation  of the  transactions
         contemplated hereby does not conflict with or result in a breach of (i)
         the  Company's  certificate  of  incorporation  or  by-laws or (ii) any
         agreement  to which  the  Company  is a party  or by  which  any of its
         property or assets is bound.

<PAGE>

                                                           EXHIBIT A (CONTINUED)

7.       Nothing  contained in this Agreement  shall be construed to place Jesup
         and the Company in the  relationship  of  partners or joint  venturers.
         Neither  Jesup nor the Company shall  represent  itself as the agent or
         legal  representative of the other for any purpose whatsoever nor shall
         either  have the  power to  obligate  or bind the  other in any  manner
         whatsoever.  Jesup, in performing its services hereunder,  shall at all
         times be an independent contractor.

8.       This Agreement has been and is made solely for the benefit of Jesup and
         the  Company  and each of the  persons,  agents,  employees,  officers,
         directors and  controlling  persons  referred to in Exhibit B and their
         respective heirs, executors,  personal representatives,  successors and
         assigns,  and nothing  contained  in this  Agreement  shall  confer any
         rights upon, nor shall this agreement be construed to create any rights
         in, any person  who is not party to such  agreement,  other than as set
         forth in this paragraph.

9.       The rights and obligations of either party under this Agreement may not
         be assigned without the prior written consent of the other party hereto
         and any other purported assignment shall be null and void.

         All communications  hereunder,  except as may be otherwise specifically
         provided  herein,  shall  be in  writing  and  shall  be  mailed,  hand
         delivered,  or telexed or telegraphed  and confirmed by letter,  to the
         party to whom it is addressed at the following  addresses or such other
         address as such party may advise the other in writing:

                           To the Company:
                           Geotec Thermal Generators, Inc.
                           1615 S.Federal Highway
                           Suite 101
                           Boca Raton, FL 33432
                           Attention:       W. Richard Lueck
                                            CEO
                           Telephone:       (561) 447-7370
                           Facsimile:       (561) 447-7371

                           To Jesup:
                           Jesup & Lamont Securities Corporation
                           650 Fifth Avenue
                           New York, NY  10019
                           Attention:       Howard F. Curd,
                                            President
                           Telephone:       (212) 307-2660
                           Facsimile:       (212) 757-7478

All notices  hereunder  shall be effective upon receipt by the party to which it
is addressed.

<PAGE>

                                                                       EXHIBIT B

                                 INDEMNIFICATION

         The Company agrees that it shall  indemnify and hold  harmless,  Jesup,
its  stockholders,   directors,  officers,  employees,  agents,  affiliates  and
controlling  persons within the meaning of Section 20 of the Securities Exchange
Act of 1934 and Section 15 of the Securities  Act of 1933,  each as amended (any
and all of whom are referred to as an "Indemnified Party"), from and against any
and all losses,  claims,  damages or  liabilities,  joint and  several,  and all
actions in respect  thereof  (including,  but not limited to, all legal or other
expenses  reasonably  incurred by an  Indemnified  Party in connection  with the
preparation  for or defense of any claim,  action or proceeding,  whether or not
resulting in any liability),  sustained or incurred by an Indemnified Party: (a)
arising out of, or in connection  with,  any untrue  statement or alleged untrue
statement  of a  material  fact  contained  in  any of the  financial  or  other
information  furnished  to Jesup by or on behalf of the Company or the  omission
(or  alleged  omission)  therefrom  of a  material  fact  necessary  to make the
statements  therein,  in light of the circumstances  under which they were made,
not  misleading;  or (b) actions by the Company with  respect to,  caused by, or
otherwise  arising  out of any  transaction  contemplated  by the  Agreement  or
Jesup's performing the services contemplated hereunder;  provided,  however, the
Company  will not be liable under clause (b) hereof to the extent that any loss,
claim,  damage  or  liability  is  found to have  resulted  from  Jesup's  gross
negligence  or bad faith in  performing  such  services  and  except or from any
breach  by Jesup  of any of its  agreements  contained  in this  Agreement;  and
provided further however that the Company shall be liable hereunder only up to a
maximum amount equal to the amount raised by Jesup under the Agreement.

         If the  indemnification  provided for herein is determined (by an entry
of final judgment by a court of competent  jurisdiction)  to be unenforceable by
an  Indemnified  Party  hereunder in respect to any losses,  claims,  damages or
liabilities  referred to therein  (except by reason of gross  negligence  or bad
faith  as  provided  above),  then the  Company,  in lieu of  indemnifying  such
Indemnified  Party,  shall  contribute  any  amounts  paid  or  payable  by such
Indemnified  Party in such  proportion as is appropriate and equitable under all
circumstances  taking into  account the  relative  benefits  received by and the
relative fault of each such party;  provided,  however,  in no event shall Jesup
and/or any  Indemnified  Party be required to  contribute an amount in excess of
net  compensation  received by Jesup and/or such  Indemnified  Party pursuant to
this Agreement.

         The foregoing  indemnification  and contribution  provisions are not in
lieu of, but in addition  to, any rights  which any  Indemnified  Party may have
hereunder or otherwise.

         Each of the parties  hereto agrees to notify the other  promptly of the
assertion  against it, or to its  knowledge  to any other person or any claim or
the  commencement  of  any  action  or  proceeding   relating  to  any  activity
contemplated by this Agreement;  provided, however, the failure to so notify the
other party shall not alter any parties'

                                                           EXHIBIT B (CONTINUED)

rights or  obligations  under  this  Agreement  unless  the  indemnifying  party
demonstrates prejudice thereby.

<PAGE>

                                                                       EXHIBIT C

                                  JURISDICTION

         The Company hereby irrevocably:  (a) submits to the jurisdiction of any
court of the State of New York or any federal  court sitting in the State of New
York for the purposes of any suit, action or other proceeding arising out of the
agreement  between  the  Company  and Jesup  which is brought by or against  the
Company by Jesup;  (b) agrees that all claims in respect of any suit,  action or
proceeding may be heard and determined in any such court;  and (c) to the extent
that the Company has  acquired,  or  hereafter  may acquire,  any immunity  from
jurisdiction  of any such court or from any legal process  therein,  the Company
hereby waives, to the fullest extent permitted by law, such immunity.

         The Company  waives,  and the Company  agrees not to assert in any such
suit,  action or proceeding,  in each case, to the fullest  extent  permitted by
applicable law, any claim that: (a) the Company is not personally subject to the
jurisdiction of any such court; (b) the Company is immune from any legal process
(whether through service or notice, attachment prior to judgement, attachment in
the  aid  of  execution,  execution  or  otherwise)  with  respect  to it or its
property;  (c) any such suit, action or proceeding is brought in an inconvenient
forum; (d) the venue of any such suit, action or proceeding is improper;  or (e)
this agreement may not be enforced in or by any such court.

         Any process  against the Company in, or in connection  with,  any suit,
action or proceeding  filed in the United States District Court for the Southern
District of New York or any other court of the State of New York, arising out of
or relating to this  Agreement  or any  transaction  or  agreement  contemplated
hereby,  may be served on  personally,  or by air mail (with the same  effect as
though  served  upon the  Company  personally)  addressed  to the Company at the
address set forth in the agreement between the Company and Jesup.

         Nothing in these  provisions  shall  effect any party's  right to serve
process in any manner permitted by law or limit its rights to bring a proceeding
in the competent  courts of any  jurisdiction or  jurisdictions or to enforce in
any  lawful  manner  a  judgement  obtained  in one  jurisdiction  in any  other
jurisdiction.

<PAGE>

                                                                       EXHIBIT D

[The term sheet will be mutually agreed upon by the Company and the investors]

<PAGE>

                                                                       EXHIBIT E

                                    INVESTORS

1.       Rhino Advisors
2.EXHIBIT A

                                ESCROW AGREEMENT

                  THIS ESCROW AGREEMENT (this  "Agreement") is made as of August
2,  2000,  by  and  among  Geotec  Thermal   Generators,   Inc.,  a  corporation
incorporated under the laws of the State of Florida, (the "Company"), Investwell
Investments  Limted,  a British Virgin  Islands  corporation  ("Investor"),  and
Epstein Becker & Green,  P.C., (the "Escrow Agent").  Capitalized terms used but
not defined  herein shall have the meanings set forth in the Private Equity Line
of Credit Agreement referred to in the first recital.

                              W I T N E S S E T H:

                  WHEREAS,  the Investor  will from time to time as requested by
the Company,  purchase shares of the Company's  Common Stock from the Company as
set forth in that certain Private Equity Line of Credit Agreement (the "Purchase
Agreement")  dated the date hereof  between the Investor and the Company,  which
will be  issued  as per the terms and  conditions  contained  herein  and in the
Purchase Agreement; and

                  WHEREAS,  the Company and the Investor have requested that the
Escrow  Agent hold in escrow  and then  distribute  the  initial  documents  and
certain  funds  which  are  conditions  precedent  to the  effectiveness  of the
Purchase Agreement, and have further requested that upon each exercise of a Put,
the Escrow Agent hold the relevant  documents and the applicable  purchase price
pending  receipt by the Investor of  certificates  representing  the  securities
issuable upon such Put;

                  NOW,  THEREFORE,  in consideration of the covenants and mutual
promises contained herein and other good and valuable consideration, the receipt
and legal  sufficiency  of which are hereby  acknowledged  and  intending  to be
legally bound hereby, the parties agree as follows:

ARTICLE 1

                   TERMS OF THE ESCROW FOR THE INITIAL CLOSING

1.1. The parties  hereby  agree to  establish an escrow  account with the Escrow
Agent  whereby  the Escrow  Agent shall hold the funds and  documents  which are
referenced in Section 7.2 of the Purchase Agreement.

1.2.      At the Initial Closing, the Company shall deliver to the Escrow Agent:

(i)       the  initial  original  Initial  Warrant  certificate  in  the form of
          Exhibit D to the Purchase Agreement;
          ---------

(ii)      the  original  executed  Registration Rights Agreement in the form of
          Exhibit C to the Purchase Agreement;
          ---------

(iii)     the  original  executed  opinion of Atlas,  Pearlman,  Trop & Borkson,
          P.A., counsel of the Company, in the form of Exhibit E to the purchase
          agreement;                                   ---------

(iv)     the sum of $25,000;

(v)      a warrant certificate to purchase up to 500,000 shares of common  stock
         issued to Jessup and Lamont Securities Corporation otherwise  identical
         in form to that of the Warrant (the "J&L Warrant");

(vi)     the original executed Company counterpart of this Escrow Agreement; and

(vii)    the original  executed  Company  counterpart of the Purchase Agreement.

1.3. Upon receipt of the foregoing,  and receipt of executed  counterparts  from
Investor of the Purchase  Agreement,  the Registration Rights Agreement and this
Escrow  Agreement,  the Escrow Agent shall  calculate the exercise  price of the
Initial  Warrant  and  the  J&L  Warrant  and  enter  the  exercise  price,  the
commencement date and termination date of such warrants on the faces thereof and
immediately  transfer  the sum of  Twenty-Five  Thousand  Dollars  ($25,000)  to
Epstein Becker & Green, P.C. ("EB&G"), 250 Park Avenue, New York, New York 10177
for the  Investor's  legal and  administrative  costs and the Escrow Agent shall
then arrange to have the Initial Warrant  certificate,  the Purchase  Agreement,
this Escrow  Agreement,  the  Registration  Rights  Agreement and the opinion of
counsel delivered to the Investor and the J&L Warrant  certificate  delivered to
Jesup & Lamont Securities Corporation.

                                   ARTICLE 2

                        TERMS OF THE ESCROW FOR EACH PUT

     2.1.  (a) Each time the Company  shall send a Put Notice to the Investor as
provided in the Purchase Agreement,  it shall send a copy, by facsimile,  to the
Escrow Agent.

(b) Each time the Investor shall purchase shares pursuant to a Put, the Investor
shall  send the  applicable  Investment  Amount of the Put  Shares to the Escrow
Agent on or before the Closing  Date for such Put. The Company  shall  promptly,
but no later than five (5) Trading Days after  receipt of notice from the Escrow
Agent that it has the funds for the  Investment  Amount cause its Transfer Agent
to deliver the Put Shares to Investor's  account  through the  Depository  Trust
Company, if possible,  or else to deliver such certificates to the Escrow Agent.
In the event that the  certificates  representing  the Put Shares are not in the
Investor's or the Escrow Agent's  possession within five (5) Trading Days of the
date of the Escrow Agent's notice, then Investor shall have the right to demand,
by notice,  the return of the  Investment  Amount,  and the Put Notice  shall be
deemed  cancelled.  The Escrow Agent shall within one (1) Trading Day of Closing
wire the Investment Amount per the written instructions of the Company net of:

(i)  a brokerage fee equal to ten percent (10%) of the Investment Amount of each
     Put, to Jesup & Lamont Securities Corporation; and

(ii) One Thousand Five Hundred Dollars ($1,500) as escrow expenses to the Escrow
     Agent.

The Escrow  Agent shall remit  Broker's  fee to Broker in  accordance  with wire
instructions that will be sent to Escrow Agent from Broker.

                                   ARTICLE 3

                                  MISCELLANEOUS

3.1. No waiver or any breach of any covenant or provision herein contained shall
be deemed a waiver of any  preceding or  succeeding  breach  thereof,  or of any
other  covenant  or  provision  herein  contained.  No  extension  of  time  for
performance  of any  obligation  or act shall be deemed an extension of the time
for performance of any other obligation or act.

All notices or other communications  required or permitted hereunder shall be in
writing,  and shall be sent by fax, overnight  courier,  registered or certified
mail, postage prepaid,  return receipt  requested,  and shall be deemed received
upon receipt thereof, as set forth in the Purchase Agreement.

3.2. This Escrow Agreement shall be binding upon and shall inure to  the benefit
of  the  permitted  successors  and  permitted  assigns  of  the parties hereto.

3.3. This Escrow  Agreement is the final  expression of, and contains the entire
agreement  between,  the parties with respect to the subject  matter  hereof and
supersedes all prior understandings with respect thereto.  This Escrow Agreement
may  not  be  modified,  changed,   supplemented  or  terminated,  nor  may  any
obligations  hereunder  be waived,  except by written  instrument  signed by the
parties to be charged or by their  respective  agents duly authorized in writing
or as otherwise expressly permitted herein.

3.4. Whenever   required by the context of this Escrow  Agreement,  the singular
shall include the plural and masculine  shall include the feminine.  This Escrow
Agreement  shall  not be  construed  as if it had  been  prepared  by one of the
parties,  but rather as if both parties had prepared the same.  Unless otherwise
indicated, all references to Articles are to this Escrow Agreement.

3.5. The parties  hereto  expressly  agree that this Escrow  Agreement  shall be
governed by, interpreted under and construed and enforced in accordance with the
laws of the State of New York. Except as expressly set forth herein,  any action
to enforce,  arising out of, or relating in any way to, any  provisions  of this
Escrow Agreement shall brought through the American  Arbitration  Association at
the  designated  locale of New York,  New York as is more fully set forth in the
Purchase Agreement.

3.6. The Escrow Agent's duties  hereunder may be altered,  amended,  modified or
revoked only by a writing  signed by the Company,  each  Investor and the Escrow
Agent.

3.7. The Escrow Agent shall be obligated only for the performance of such duties
as are  specifically  set forth  herein and may rely and shall be  protected  in
relying or refraining from acting on any instrument  reasonably  believed by the
Escrow  Agent to be genuine and to have been signed or  presented  by the proper
party or parties.  The Escrow Agent shall not be  personally  liable for any act
the Escrow Agent may do or omit to do hereunder as the Escrow Agent while acting
in good faith,  excepting only its own gross  negligence or willful  misconduct,
and any act done or omitted by the Escrow  Agent  pursuant  to the advice of the
Escrow  Agent's  attorneys-at-law  (other than  Escrow  Agent  itself)  shall be
conclusive evidence of such good faith.

3.8. The Escrow Agent is hereby  expressly  authorized  to disregard any and all
warnings  given  by  any  of the  parties  hereto  or by  any  other  person  or
corporation,  excepting  only  orders or  process of courts of law and is hereby
expressly authorized to comply with and obey orders, judgments or decrees of any
court. In case the Escrow Agent obeys or complies with any such order,  judgment
or decree,  the Escrow Agent shall not be liable to any of the parties hereto or
to any  other  person,  firm or  corporation  by  reason  of such  decree  being
subsequently reversed,  modified,  annulled, set aside, vacated or found to have
been entered without jurisdiction.

3.9. The  Escrow   Agent  shall not be liable in any  respect  on account of the
identity,  authorization  or rights of the parties  executing or  delivering  or
purporting  to execute or deliver the  Purchase  Agreement  or any  documents or
papers deposited or called for thereunder or hereunder.

3.10. The  Escrow Agent shall be entitled to employ such legal counsel and other
experts as the Escrow  Agent may deem  necessary  properly  to advise the Escrow
Agent in connection with the Escrow Agent's duties hereunder,  may rely upon the
advice  of such  counsel,  and  may pay  such  counsel  reasonable  compensation
therefor.  The Escrow Agent has acted as legal counsel for the Investor, and may
continue  to act  as  legal  counsel  for  the  Investor,  from  time  to  time,
notwithstanding  its duties as the Escrow Agent hereunder.  The Company consents
to the Escrow  Agent in such  capacity as legal  counsel for the  Investors  and
waives any claim that such  representation  represents a conflict of interest on
the part of the Escrow Agent. The Company  understands that the Investor and the
Escrow Agent are relying explicitly on the foregoing  provision in entering into
this Escrow Agreement.

3.11. The  Escrow  Agent's  responsibilities  as escrow  agent  hereunder  shall
terminate if the Escrow Agent shall resign by written  notice to the Company and
the  Investor.  In the  event of any such  resignation,  the  Investors  and the
Company shall appoint a successor Escrow Agent.

3.12. If the Escrow Agent  reasonably  requires other or further  instruments in
connection  with this Escrow  Agreement or  obligations in respect  hereto,  the
necessary parties hereto shall join in furnishing such instruments.

3.13. It is understood  and agreed that should any dispute arise with respect to
the delivery  and/or  ownership or right of  possession  of the documents or the
escrow funds held by the Escrow Agent hereunder,  the Escrow Agent is authorized
and directed in the Escrow  Agent's sole  discretion (1) to retain in the Escrow
Agent's possession without liability to anyone all or any part of said documents
or the escrow funds until such disputes shall have been settled either by mutual
written agreement of the parties concerned by a final order,  decree or judgment
or a court of competent  jurisdiction  after the time for appeal has expired and
no  appeal  has been  perfected,  but the  Escrow  Agent  shall be under no duty
whatsoever  to  institute or defend any such  proceedings  or (2) to deliver the
escrow  funds and any other  property  and  documents  held by the Escrow  Agent
hereunder  to  a  state  or  federal  court  having  competent   subject  matter
jurisdiction  and located in the State and City of New York in  accordance  with
the applicable procedure therefor.

3.14. The  Company and the Investor agree jointly and severally to indemnify and
hold  harmless  the  Escrow  Agent  and  its  partners,  employees,  agents  and
representatives from any and all claims,  liabilities,  costs or expenses in any
way arising  from or relating to the duties or  performance  of the Escrow Agent
hereunder or the transactions  contemplated  hereby or by the Purchase Agreement
other  than any such  claim,  liability,  cost or expense to the extent the same
shall  have  been  determined  by  final,  unappealable  judgment  of a court of
competent  jurisdiction  to have resulted  from the gross  negligence or willful
misconduct of the Escrow Agent.

<PAGE>

                  IN WITNESS  WHEREOF,  the parties  hereto have  executed  this
Agreement as of this __ day of August, 2000.

                           GEOTEC THERMAL GENERATORS, INC.
                           By:
                           -----------------------------------------------------
                           Daniel Pepe, President & COB

                           INVESTOR:

                           Investwell Investments Limted

                           By:
                           -----------------------------------------------------
                           Hans Gassner, Authorized Signatory

                           ESCROW AGENT

                           EPSTEIN BECKER & GREEN, P.C.

                           By:
                           -----------------------------------------------------
                           Robert F. Charron
                           Authorized Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}]]