Document:

Exhibit 4.81

Exhibit
  4.81

 

FIRST AMENDMENT 

TO

CONTRIBUTION AGREEMENT

This FIRST AMENDMENT TO CONTRIBUTION AGREEMENT (this “Amendment”), dated as of October 12, 2007, by and among Nevada Geothermal Power Inc., a corporation registered in British Columbia (“NGP”), Nevada Geothermal Power Company, a Nevada corporation (“NGPC”), NGP Blue Mountain Holdco LLC, a Delaware limited liability company (“Holdco”), and NGP Blue Mountain I LLC, a Delaware limited liability company (“NGP1”), is entered into with reference to the following:

RECITALS:

NGP1 is a direct, wholly owned subsidiary of Holdco; Holdco is a direct, wholly owned subsidiary of NGPC; and NGPC is a direct, wholly owned subsidiary of NGP;

The parties entered into that certain Contribution Agreement (the “Contribution Agreement”), dated as of September 19, 2007, pursuant to which NGP and NGPC agreed to transfer and assign, indirectly through a series of capital contributions described therein, all of their interest in certain assets to NGP1; and

The parties desire to amend the Contribution Agreement as set forth herein.

AGREEMENT:

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this Amendment and other good and valuable consideration, the parties hereto, intending to be bound legally hereby, covenant and agree as follows:

1.

Amendment to Exhibit A.  Exhibit A to the Contribution Agreement is hereby amended by inserting the following text in sequential outline order at the end thereof:

“C.

SECURITY DEPOSITS

Security deposits and other credit support, including cash collateral, provided by or on behalf of NGPC pursuant to any of the foregoing agreements listed as Contributed Assets on this Exhibit A.”

2.

Further Assurances.  Each of NGP, NGPC, Holdco and NGP1 hereby agrees to execute and deliver all such instruments and to take all such action as may be necessary to effectuate fully the transactions contemplated by and the purposes of this Amendment.

3.

Counterparts.  This Amendment may be executed in multiple counterparts, each of which shall be deemed an original for all purposes, but all of which together shall constitute one and the same instrument.

4.

Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to conflict of law provisions.

[Signature Page Follows]

1

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized officers as of the day and year first above written.

		
	NEVADA GEOTHERMAL POWER INC.,

a corporation registered in British Columbia

	By: 

	/s/ Brian Fairbank

	

Name: Brian Fairbank

	

Title: President

 

 

		
	NEVADA GEOTHERMAL POWER COMPANY,

a Nevada corporation

	By: 

	/s/ Brian D. Fairbank

	

Name: Brian D. Fairbank

	

Title: President 

 

 

		
	NGP
        BLUE MOUNTAIN HOLDCO LLC, 

        a Delaware limited liability company
        

	By: 

	/s/ Andrew Studley

	

Name: Andrew Studley

	

Title: Chief Financial Officer and Secretary

 

 

		
	NGP
      BLUE MOUNTAIN HOLDCO LLC, 
 a
      Delaware limited liability company 
	By: 

	/s/ Andrew Studley

	

Name: Andrew Studley

	

Title: Chief Financial Officer and Secretary

 
 

  

 

 

 

 

S-1Exhibit 4.82

Exhibit 4.82

MEMBER INTEREST CERTIFICATE OF NGP BLUE MOUNTAIN I LLC 

Each limited liability company interest in the Company (defined below) shall constitute a “security” within the meaning of, and be governed by, Article 8 of the Uniform Commercial Code (including Section 8-102(a)(15) and Section 8-103(c) thereof).

The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be transferred or otherwise disposed of in the absence of an effective registration statement covering such securities under that Act and any applicable state securities laws, unless, in the opinion of counsel satisfactory to the Company, an exemption from registration thereunder is available.

			
	Certificate Number 1

	 
	100 % of Interests

NGP BLUE MOUNTAIN I LLC, a Delaware limited liability company (the “Company”), hereby certifies that NGP Blue Mountain Holdco LLC, a Delaware limited liability company (the “Holder”), is the registered owner of 100 % of the limited liability company interests in the Company (the “Interests”).  THE RIGHTS, POWERS, PREFERENCES, RESTRICTIONS (INCLUDING TRANSFER RESTRICTIONS) AND LIMITATIONS OF THE INTERESTS ARE SET FORTH IN, AND THIS CERTIFICATE AND THE INTERESTS REPRESENTED HEREBY ARE ISSUED AND SHALL IN ALL RESPECTS BE SUBJECT TO THE TERMS AND PROVISIONS OF, THE LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF THE COMPANY, DATED SEPTEMBER 19, 2007 (as amended and modified from time to time, the “Agreement”).  THE TRANSFER OF THIS CERTIFICATE AND THE INTERESTS REPRESENTED HEREBY IS RESTRICTED AS DESCRIBED IN THE AGREEMENT.  By acceptance of this Certificate, and as a condition to being entitled to any rights and/or benefits with respect to the Interests evidenced hereby, the Holder is deemed to have agreed to comply with and be bound by all the terms and conditions of the Agreement.  The Company will furnish a copy of the Agreement to the Holder without charge upon written request to the Company at its principal place of business.  The Company maintains books for the purpose of registering the transfer of Interests.

This Certificate shall be governed by, and construed in accordance with, the laws of the State of Delaware without regard to principles of conflicts of laws.

IN WITNESS WHEREOF, the Company has caused this Certificate to be executed by its authorized officer as of the date set forth below.

Dated: ______4-26-2007_______________

/s/ Brian Fairbank

Name: Brian Fairbank

Title: President & Chief Executive Officer

(REVERSE SIDE OF MEMBER INTEREST 

CERTIFICATE OF NGP BLUE MOUNTAIN 1 LLC)

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto _____________________________________________________ (print or typewrite name of Transferee), __________________ (insert Social Security or other taxpayer identification number of Transferee), the following specified percentage of Interests: ______________ (identify the percentage of Interests being transferred), and irrevocably constitutes and appoints __________________________, as attorney-in-fact, to transfer the same on the books and records of the Company, with full power of substitution in the premises.

Dated:

__________________________

Signature:   /s/ Brian Fairbank

(Transferor)

Address:

______________________________________

______________________________________Exhibit 4.83

 

Exhibit 4.83

INDEMNIFICATION LETTER

November 1, 2007

GLITNIR BANKI HF

222 E. 41st Street

New York, New
  York  10017 
Fax: (212) 922-0882

Attention: Charles J. Arrigo II

With a copy to:

GLITNIR BANKI HF

Kirkjusandur 2

155 Reykjavik,  Iceland

Fax: (354) 440-4520

Attention: Olafur Sveinsson, International Banking

NGP BLUE MOUNTAIN
  I LLC 

  1755 East Plumb Lane, Suite 220 

Reno, Nevada  89502

Attention: Max Walenciak

with two copies (one to each of the contacts listed in the attention line below) to:

NEVADA
  GEOTHERMAL POWER INC.

  Suite 900 - 409 Granville Street

Vancouver, BC V6C 1T2

Canada

Fax: (604) 688-5926

Attention: Brian Fairbank & Andrew Studley

Re:
  NGP Blue Mountain I LLC — Development Loan Agreement

Reference is hereby made to the Development Loan Agreement entered into on November 1, 2007 (the “Loan Agreement”) between NGP Blue Mountain I LLC (the “Borrower”) and Glitnir Banki hf (the “Lender”). Unless otherwise defined herein, capitalized terms used herein have the meanings provided in the Loan Agreement.

Nevada Geothermal Power Inc. (“StateplaceNevada Geothermal”) is an affiliate of the Borrower and will derive substantial benefit from the making of the Loans under the Loan Agreement. In order to induce the Lender to enter into the Loan Agreement, Nevada Geothermal hereby agrees to indemnify and hold the Borrower and the Lender and its respective owners, officers, directors, employees, representatives, agents, legal counsel, consultants, advisors and Affiliates harmless from and against any and all losses, claims, demands, suits, actions, investigations, proceedings, and damages, and all reasonable attorneys' fees and disbursements and other costs and expenses actually incurred in connection therewith (as and when they are incurred and irrespective of whether suit is brought), which are asserted against, imposed upon or incurred by any of them in connection with or as a result of or related to that certain dispute with a former drilling contractor Black Gold Equipment & Leasing, LLC regarding certain drilling services rendered for an

approximate amount of U.S.$900,000 submitted to binding arbitration under the laws of the State of StateplaceNevada.

In addition, Nevada Geothermal hereby further represents and warrants that all material work to be performed under the Expiring Drilling Contract has been performed prior to the date hereof and such Expiring Drilling Contract will not be renewed in accordance with the terms thereof except if such renewal is entered into with the Borrower in form and substance satisfactory to the Lender.

THIS INDEMNITY LETTER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO CONFLICT OF LAWS RULES OR CHOICE OF LAWS RULES THEREOF EXCEPT SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

 

[Signature Pages Follow]

 

	
	NEVADA GEOTHERMAL POWER INC.

    By: /s/ Andrew Studley

    Name:  Andrew Studley

    Title: CFO

 

 

AGREED AND ACKNOWLEDGED

	
	GLITNIR BANKI HF

    By: /s/ Charles J. Arrigo I

    Name: Charles J. Arrigo I

    Title: Director 

     

    By: /s/_________________

      Name:

      Title: Senior Manager
      

      

 

 

 

 

  

	
	
         NGP BLUE MOUNTAIN I LLC  

	By:
        /s/ Andrew Studley

        Name: Andrew Studley

        Title: CFO 

 

 

 

Signature Page to Indemnification Letter

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