Document:

GE
      PACKAGED POWER, INC.

     

    CONTRACT

     

     

     

    FOR
      U.S. BASED SALE OF

     

    EQUIPMENT
      & SERVICES

     

     

     

    MMC
      Energy Inc

     

    Chula
      Vista

     

    Energy
      Upgrade Project

     

    

     

     

    25
      January 2008

     

    GE
      AEP Contract Form Rev. 1 (February 10 2003); JEA Rev Dec. 5,
      2005

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      
        	
                1.0

              	 	
                Table
                  of Contents

              	 	
                i

              
	
                 

                Article
                  1

              	 	
                 

                Definitions

              	 	
                 

                1

              
	
                 

                Article
                  2

              	 	
                 

                Scope
                  of Supply

              	
              	
                1

              
	 	 	 	 	 
	
                Article
                  3

              	 	
                Price

              	 	
                 

                1

              
	
                 

                Article
                  4

              	 	
                 

                Options

              	 	
                2

              
	
                 

                Article
                  5

                 

              	 	
                 

                Payments

                 

              	 	
                 

                3

                 

              
	
                5.1

              	 	
                Payment
                  Schedule

              	 	
                3

              
	
                5.2

              	 	
                Effect
                  of Changes in Contract Price

              	 	
                3

              
	
                5.3

              	 	
                No
                  Offset

              	 	
                3

              
	
                5.4

              	 	
                Further
                  Assurances

              	 	
                4

              
	 	 	 	 	 
	
                Article
                  6

              	 	
                Termination
                  by Purchaser for Convenience

              	
              	
                4

              
	
                 

                Article
                  7

                 

              	 	
                 

                Title
                  Transfer, Delivery, Risk of Loss, Shipment to Storage

                 

              	 	
                 

                4

                 

              
	
                7.1

              	 	
                Passage
                  of Title

              	 	
                4

              
	
                7.2

              	 	
                Lien
                  Waiver

              	 	
                4

              
	
                7.3

              	 	
                Delivery
                  and Delivery Point

              	 	
                5

              
	
                7.4

              	 	
                Passage
                  of Risk of Loss

              	 	
                5

              
	
                7.5

              	 	
                Shipment
                  to Storage

              	 	
                5

              
	
                7.6

              	 	
                Seller’s
                  Transportation Service

              	 	
                6

              
	
                 

                Article
                  8

                 

              	 	
                 

                Schedule

                 

              	 	
                 

                7

                 

              
	
                 

                Article
                  9

                 

              	 	
                 

                Performance
                  Guarantees

                 

              	 	
                 

                8

                 

              
	
                 

                Article
                  10

                 

              	 	
                 

                Aggregate
                  Limitation on Liquidated Damages

                 

              	 	
                 

                10

                 

              
	
                 

                Article
                  11

                 

              	 	
                 

                Performance
                  Guarantee Testing

                 

              	 	
                 

                10

                 

              
	
                11.1

              	 	
                Performance
                  Tests

              	 	
                10

              
	
                11.2

              	 	
                Performance
                  Testing

              	 	
                10

              
	
                11.3

              	 	
                Emissions
                  Testing

              	 	
                10

              
	
                11.4

              	 	
                Cure
                  Period

              	 	
                11

              
	
                11.5

              	 	
                Cost
                  of Tests and Re-Tests

              	 	
                11

              
	
                11.6

              	 	
                Degradation

              	 	
                12

              
	
                 

                Article
                  12

              	
              	
                 

                Inspection
                  and Factory Tests

              	 	
                 

                12

              

      

       

      
        
          
            
              MMC
                Energy/ Chula Vista / Revision 6 / 25 January
                2008

            

          

          
            Page
              i

            
              

              GE
                AEPU.S. Contract Form Rev. 1 (February 10, 2003)
                ; JEA
                Rev Dec. 5, 2005

               

            

          

          
            
              Contract
                For U.S. Based Sale of Equipment and Services

              
                

              

               

            

          

        

      

       

      
        	
                12.1

              	 	
                Inspections
                  and Tests at Seller’s Facilities

              	 	
                12

              
	
                12.2

              	 	
                Inspections
                  and Tests at Suppliers’ Facilities

              	 	
                12

              
	
                12.3

              	 	
                Inspection
                  Not Acceptance

              	 	
                12

              
	
                 

                Article
                  13

                 

              	 	
                 

                Warranty
                  Period

                 

              	 	
                 

                12

                 

              
	
                 

                Article
                  14

                 

              	 	
                 

                Warranty

                 

              	 	
                 

                13

                 

              
	
                14.1

              	 	
                Warranty

              	 	
                13

              
	
                14.2

              	 	
                Remedy

              	 	
                13

              
	
                14.3

              	 	
                Warranty
                  on Remedial Work

              	 	
                14

              
	
                14.4

              	 	
                Exclusions

              	 	
                14

              
	
                14.5

              	 	
                Exclusive
                  Remedies and Warranties

              	 	
                14

              
	
                 

                Article
                  15

                 

              	 	
                 

                Taxes

                 

              	 	
                 

                15

                 

              
	
                15.1

              	 	
                Seller
                  Taxes

              	 	
                15

              
	
                15.2

              	 	
                Purchaser
                  Taxes

              	 	
                15

              
	
                Article
                  16

              	 	
                EEO
                  and Compliance with Laws

              	 	
                15

              
	
                Article
                  17

              	 	
                Pricing
                  and Scope Assumptions

              	 	
                16

              
	
                17.1

              	 	
                Original
                  Equipment Definition

              	 	
                16

              
	
                17.2

              	 	
                Pricing
                  Assumptions

              	 	
                16

              
	
                17.3

              	 	
                Changes
                  to Codes and Standards or to Federal Laws

              	 	
                16

              
	
                17.4

              	 	
                Other
                  Changes to Equipment Scope or Configuration, State or Local Laws,
                  Ambient
                  Site Conditions and Site Requirements

              	 	
                16

              
	
                17.5

              	 	
                Order
                  Definition Meeting

              	 	
                17

              
	
                17.6

              	 	
                Project
                  Manager

              	 	
                17

              
	
                17.7

              	 	
                Automatic
                  Release

              	 	
                17

              
	
                17.8

              	 	
                Permitting
                  Support

              	 	
                17

              
	
                17.9

              	 	
                Global
                  Sourcing.

              	 	
                17

              
	
                17.10

              	 	
                Electronic
                  Communication

              	 	
                18

              
	
                 

                Article
                  18

                 

              	 	
                 

                Changes

                 

              	 	
                 

                18

                 

              
	
                18.1

              	 	
                Purchaser-Initiated
                  Changes

              	 	
                18

              
	
                18.2

              	 	
                Seller-Initiated
                  Changes

              	 	
                18

              
	
                18.3

              	 	
                Contents
                  of Draft Change Order

              	 	
                18

              
	
                18.4

              	 	
                Process
                  for Concluding Change Order

              	 	
                19

              
	
                18.5

              	 	
                Agreement
                  Required

              	 	
                19

              
	
                18.6

              	 	
                Changes
                  to Equipment Not Practicable

              	 	
                19

              
	
                 

                Article
                  19

                 

              	 	
                 

                Excusable
                  Delays

                 

              	 	
                 

                19

                 

              
	
                 

                Article
                  20

                 

              	 	
                 

                Patents

                 

              	 	
                 

                20

                 

              

      

       

      
        
          
            
              MMC
                Energy/ Chula Vista / Revision 6 / 25 January
                2008

            

          

          
            Page
              ii

            
              

              GE
                AEPU.S. Contract Form Rev. 1 (February 10, 2003)
                ; JEA
                Rev Dec. 5, 2005

               

            

          

          
            
              Contract
                For U.S. Based Sale of Equipment and Services

              
                

              

               

            

          

        

      

       

      
        	
                20.1

              	 	
                Patent
                  Indemnity

              	 	
                20

              
	
                20.2

              	 	
                Exclusions

              	 	
                21

              
	
                 

                Article
                  21

                 

              	 	
                 

                General
                  Indemnity

                 

              	 	
                 

                21

                 

              
	
                21.1

              	 	
                Seller’s
                  Indemnity

              	 	
                21

              
	
                21.2

              	 	
                Purchaser’s
                  Indemnity

              	 	
                21

              
	
                 

                Article
                  22

                 

              	 	
                 

                Insurance

                 

              	 	
                 

                22

                 

              
	
                22.1

              	 	
                Comprehensive
                  General Liability

              	 	
                22

              
	
                22.2

              	 	
                Automobile
                  Liability

              	 	
                22

              
	
                22.3

              	 	
                Worker’s
                  Compensation

              	 	
                22

              
	
                22.4

              	 	
                Certificates
                  of Insurance

              	 	
                22

              
	
                22.5

              	 	
                Purchaser’s
                  Insurance

              	 	
                23

              
	
                 

                Article
                  23

                 

              	 	
                 

                Termination
                  for Cause; Suspension

                 

              	 	
                 

                23

                 

              
	
                23.1

              	 	
                Grounds
                  for Termination by Purchaser

              	 	
                23

              
	
                23.2

              	 	
                Remedy
                  in the Event of Termination by Purchaser

              	 	
                23

              
	
                23.3

              	 	
                Suspension
                  by Purchaser

              	 	
                24

              
	
                23.4

              	 	
                Grounds
                  for Termination by Seller

              	 	
                24

              
	
                23.5

              	 	
                Remedy
                  in the Event of Termination by Seller

              	 	
                25

              
	
                23.6

              	 	
                Suspension
                  by Seller

              	 	
                25

              
	
                 

                Article
                  24

                 

              	 	
                 

                Limitation
                  of Liability

                 

              	 	
                 

                25

                 

              
	
                24.1

              	 	
                Limitation

              	 	
                25

              
	
                24.2

              	 	
                Exclusion
                  of Consequential Damages

              	 	
                25

              
	
                24.3

              	 	
                Subsequent
                  Purchasers

              	 	
                25

              
	
                24.4

              	 	
                Gratuitous
                  Advice

              	 	
                26

              
	
                24.5

              	 	
                “Seller”
                  Defined

              	 	
                26

              
	
                24.6

              	 	
                Limitations
                  to Prevail

              	 	
                26

              
	
                 

                Article
                  25

                 

              	 	
                 

                Proprietary
                  Information

                 

              	 	
                 

                26

                 

              
	
                25.1

              	 	
                Confidentiality

              	 	
                26

              
	
                25.2

              	 	
                Exclusions

              	 	
                27

              
	
                 

                Article
                  26

                 

              	 	
                 

                Assignment
                  and Change in Control

                 

              	 	
                 

                28

                 

              
	
                26.1

              	 	
                Eligible
                  Assignees

              	 	
                28

              
	
                26.2

              	 	
                Purchaser’s
                  Right to Assign to Eligible Assignees

              	 	
                28

              
	
                26.3

              	 	
                Collateral
                  Assignment

              	 	
                29

              
	
                26.4

              	 	
                All
                  Other Assignments and Transfers by Purchaser

              	 	
                29

              
	
                26.5

              	 	
                Seller’s
                  Right to Assign

              	 	
                29

              
	
                26.6

              	 	
                Conditions

              	 	
                29

              
	
                26.7

              	 	
                Change
                  in Control of Purchaser

              	 	
                29

              
	
                 

                Article
                  27

                 

              	 	
                 

                Dispute
                  Resolution

                 

              	 	
                 

                29

                 

              

      

       

      
        
          
            
              MMC
                Energy/ Chula Vista / Revision 6 / 25 January
                2008

            

          

          
            Page
              iii

            
              

              GE
                AEPU.S. Contract Form Rev. 1 (February 10, 2003)
                ; JEA
                Rev Dec. 5, 2005

               

            

          

          
            
              Contract
                For U.S. Based Sale of Equipment and Services

              
                

              

               

            

          

        

      

       

      
        	
                27.1

              	 	
                Referral
                  to Senior Management

              	 	
                29

              
	
                27.2

              	 	
                Arbitration

              	 	
                30

              
	
                 

                Article
                  28

                 

              	 	
                 

                Governing
                  Law

                 

              	 	
                 

                31

                 

              
	
                 

                Article
                  29

                 

              	 	
                 

                Software
                  License

                 

              	 	
                 

                31

                 

              
	
                29.1

              	 	
                Grant
                  of License

              	 	
                31

              
	
                29.2

              	 	
                Distribution
                  and Derivative Works

              	 	
                32

              
	
                29.3

              	 	
                Upgrades

              	 	
                32

              
	
                 

                Article
                  30

                 

              	 	
                 

                Contract
                  Documents

                 

              	 	
                 

                32

                 

              
	
                 

                Article
                  31

                 

              	 	
                 

                Effective
                  Date

                 

              	 	
                 

                32

                 

              
	
                 

                Article
                  32

                 

              	 	
                 

                Entire
                  Agreement

                 

              	 	
                 

                33

                 

              
	
                 

                Article
                  33

                 

              	 	
                 

                Miscellaneous
                  Provisions

                 

              	 	
                 

                33

                 

              
	
                33.1

              	 	
                Third-Party
                  Beneficiaries

              	 	
                33

              
	
                33.2

              	 	
                Export
                  Control

              	 	
                33

              
	
                33.3

              	 	
                Survival

              	 	
                33

              
	
                33.4

              	 	
                Non-Waiver

              	 	
                33

              
	
                33.5

              	 	
                Invalidity

              	 	
                33

              
	
                33.6

              	 	
                No
                  Nuclear Use

              	 	
                34

              
	
                33.7

              	 	
                Changes
                  and Improvements Beyond Scope

              	 	
                34

              
	
                33.8

              	 	
                Counterparts

              	 	
                34

              
	
                 

                Attachment
                  1

                 

              	
                 

                Defined
                  Terms

                 

              	 	
                 

                36

                 

              
	
                 

                Attachment
                  2

                 

              	
                 

                Scope
                  of Supply

                 

              	 	
                 

                40

                 

              
	
                1.1

              	 	
                Basic
                  Scope Description

              	 	
                40

              
	
                1.1.1

              	 	
                Gas
                  Turbine

              	 	
                40

              
	
                1.1.2

              	 	
                Generator

              	 	
                40

              
	
                1.1.3

              	 	
                Unit
                  Enclosure

              	 	
                40

              
	
                1.1.4

              	 	
                Gas
                  Turbine / Generator Baseplate

              	 	
                40

              
	
                1.1.5

              	 	
                Air
                  Inlet System

              	 	
                41

              
	
                1.1.6

              	 	
                Turbine
                  Exhaust

              	 	
                41

              

      

       

      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            iv

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA
              Rev Dec. 5, 2005

          

        

        
           
            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

       

      
        	
                1.1.7

              	 	
                Fuel
                  System

              	 	
                41

              
	
                1.1.8

              	 	
                Lube
                  Oil Systems

              	 	
                41

              
	
                1.1.9

              	 	
                Electro-Hydraulic
                  Start System

              	 	
                42

              
	
                1.1.10

              	 	
                Fire
                  Protection System

              	 	
                42

              
	
                1.1.11

              	 	
                Digital
                  Control System

              	 	
                42

              
	
                1.1.12

              	 	
                Generator
                  Protective Relays

              	 	
                42

              
	
                1.1.13

              	 	
                Soak
                  Wash System

              	 	
                43

              
	
                1.1.14

              	 	
                Component
                  Testing and Package Full Load Test

              	 	
                43

              
	
                1.1.15

              	 	
                Drawings,
                  Data and Manuals

              	 	
                43

              
	
                1.1.16

              	 	
                Training

              	 	
                44

              
	
                1.1.17

              	 	
                Improvements
                  and Changes

              	 	
                44

              
	
                1.2

              	 	
                Optional
                  Equipment and Services Checklist and Descriptions

              	 	
                45

              
	
                1.2.1

              	 	
                Factory
                  Options

              	 	
                45

              
	
                1.2.2

              	 	
                Extended
                  Scope Equipment Options

              	 	
                45

              
	
                1.2.3

              	 	
                Service
                  Options

              	 	
                45

              
	
                1.2.4

              	 	
                Factory
                  Options Descriptions

              	 	
                46

              
	
                1.2.5

              	 	
                Extended
                  Scope Equipment Options Descriptions

              	 	
                48

              
	
                1.2.6

              	 	
                Extended
                  Scope Equipment and Service Options Descriptions

              	 	
                48

              
	
                1.3

              	 	
                Limits
                  of Seller Scope & Exclusions

              	 	
                50

              
	
                1.3.1

              	 	
                Limits
                  of Seller Scope

              	 	
                50

              
	
                1.3.2

              	 	
                Exclusions

              	 	
                51

              

      

       

      
        
          
            
              MMC
                Energy/ Chula Vista / Revision 6 / 25 January
                2008

            

          

          
            Page
              v

            
              

              GE
                AEPU.S. Contract Form Rev. 1 (February 10, 2003)
                ; JEA
                Rev Dec. 5, 2005

            

          

          
            
               

              Contract
                For U.S. Based Sale of Equipment and Services

              
                

              

               

            

          

        

      

       

      
        	
                1.3.3

              	 	
                Codes
                  and Standards

              	 	
                52

              
	
                1.4

              	 	
                Design
                  Criteria

              	 	
                55

              
	
                 

                Attachment
                  3

                 

              	
                 

                Payment
                  Schedule

                 

              	 	
                 

                56

                 

              
	
                 

                Attachment
                  4

                 

              	
                 

                Schedule
                  of Options

                 

              	 	
                 

                57

                 

              
	
                 

                Attachment
                  5

                 

              	
                 

                Termination
                  Schedule

                 

              	 	
                 

                58

                 

              
	
                 

                Attachment
                  6

                 

              	
                 

                Lien
                  Waiver Form

                 

              	 	
                 

                59

                 

              
	
                 

                Attachment
                  7

                 

              	
                 

                Scheduled
                  RTS Date(s)

                 

              	 	
                 

                60

                 

              
	
                 

                Attachment
                  8

                 

              	
                 

                Test
                  Procedures and Protocol

                 

              	 	
                 

                61

                 

              
	
                 

                Attachment
                  9

                 

              	
                 

                Stamped
                  Guarantee Sheet

                 

              	 	
                 

                62

                 

              
	
                 

                Attachment
                  10

                 

              	
                 

                Seller
                  Equal Employment Opportunity Certificate

                 

              	 	
                 

                63

                 

              
	
                 

                Attachment
                  11

                 

              	
                 

                Typical
                  Document List and Schedule

                 

              	 	
                 

                64

                 

              
	
                 

                Attachment
                  12

                 

              	
                 

                Special
                  Conditions for On-site Services

                 

              	 	
                 

                68

                 

              
	
                 

                Attachment
                  13

                 

              	
                 

                Special
                  Conditions for Training Services

                 

              	 	
                 

                72

                 

              
	
                 

                Attachment
                  14

                 

              	
                 

                GE
                  Parent Company Guarantee Template

                 

              	 	
                 

                75

                 

              
	
                 

                Attachment
                  15

                 

              	
                 

                TYPICAL
                  Spare Parts Lists

                 

              	 	
                 

                78

                 

              

      

       

      
        
          
            
              MMC
                Energy/ Chula Vista / Revision 6 / 25 January
                2008

            

          

          
            Page
              vi

            
              

              GE
                AEPU.S. Contract Form Rev. 1 (February 10, 2003)
                ; JEA
                Rev Dec. 5, 2005

            

          

          
            
               

              Contract
                For U.S. Based Sale of Equipment and Services

              
                

              

               

            

          

        

      

       

      
        	
                 

                Attachment
                  16

                 

              	
                 

                GE
                  Specifications

                 

              	 	
                 

                79

                 

              
	
                 

                Attachment
                  17

                 

              	
                 

                GE
                  2008 Field Service Rates

                 

              	 	
                 

                80

                 

              

      

    

     

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          vii

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA
            Rev Dec. 5, 2005

        

      

      
        
           

          Contract
            For U.S. Based Sale of Equipment and Services

          
            

          

           

        

      

    

     

    THIS
      AGREEMENT (“Contract”)
      is entered into as of the Effective Date by and between:

     

    GE
      PACKAGED POWER, INC.,
      a
      Delaware corporation, having a principal place of business at 1333 West Loop
      South, Houston, Texas 77027 USA (the “Seller”); and MMC Energy, Inc., a New York
      corporation, having a principal place of business at 26
      Broadway, Suite 960, NY, NY, 10004
      (the
“Purchaser”).

     

    The
      Purchaser and the Seller are referred to herein individually as a “Party” and
      collectively as the “Parties”.

     

    Recitals

     

    WHEREAS,
      the
      Seller is engaged in the business of manufacturing and delivering various kinds
      of power plant equipment and of providing services and training in support
      of
      the installation and use thereof; and

     

    WHEREAS,
      the
      Purchaser desires to purchase, and the Seller desires to sell the Equipment,
      together with certain installation support and training Services in connection
      with Purchaser’s Project located at 3497
      Main
      St, Chula Vista, CA,
      all
      subject to the terms set forth herein;

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual promises stated herein, the receipt and sufficiency
      of which is hereby acknowledged, the Parties agree as follows:

     

    
      	
              Article
                1

            	
              Definitions

            

    

     

    Defined
      terms are set forth in Attachment
      1
      to this
      Contract.

     

    
      	
              Article
                2

            	
              Scope
                of Supply

            

    

     

    The
      Seller shall manufacture and deliver the Equipment and perform the associated
      Services as more fully described in Attachment
      2,
      subject
      to the terms and conditions as set forth in this Contract. The Equipment
      includes two
      (2)
      LM6000PC
      classic
Units
      and
      associated skids and auxiliary equipment as listed in Article 3
      below.

     

    
      	
              Article
                3

            	
              Price

            

    

     

    The
      Purchaser shall pay to the Seller the following “Contract Price” in
      consideration of the Equipment and Services (except Technical Advisory Services
      which shall be priced accordingly to Attachment
      12,
      and
      transportation which shall be priced according to Article 7.6
      below):

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          1

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA Rev Dec. 5, 2005

        

      

      
        
           

          Contract
            For U.S. Based Sale of Equipment and Services

          
            

          

           

        

      

    

     

     

    
      	
               

              Description

            	 	
              Price
                EACH

              (USD)

            	 	
               

              QTY

            	 	
              EXT
                Price

              (USD)

            	 
	 	 	 	 	 	 	 	 
	Gas
              Turbine
              Generator Set with:	 	
              $

            	
              14,910,000.

            	 	 	
              2

            	 	
              $

            	
              29,820,000.

            	 
	 	 	 	 	 	 	 	 	 	 	 
	
              Option
                A SPRINT®
                Power Augmentation

            	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	
              Option
                B NOx
                Control - Water Injection System

            	 	
              
              

               

            	
               

            	
            	
            	
               

            	
            	
              
              

               

            	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 
	
              Option
                C Inlet
                Air Cooling - Evaporative Cooling

            	 	
              
              

              $

            	
              
              

              402,580.

            	 	
            	
              
              

              2

            	 	
              
              

              $

            	
              
              

              805,160.

            	 
	 	 	 	 	 	 	 	 	 	 	 
	
              Option
                D Lube
                Oil Cooler - Fin/FanNOTE
                1

            	 	
              
              

              $

            	
              
              

              44,920.

            	 	 	
              
              

              2

            	 	
              
              

              $

            	
              
              

              89,840.

            	 
	 	 	 	 	 	 	 	 	 	 	 
	
              Option
                H DC
                Backup Lighting

            	 	
              
              

              $

            	
              
              

              18,770.

            	 	 	
              
              

              2

            	 	
              
              

              $

            	
              
              

              37,540.

            	 
	 	 	 	 	 	 	 	 	 	 	 
	
              Auxiliary
                Skid Enclosure

            	 	
              
              

              $

            	
              
              

              125,000.

            	
            	
            	
              
              

              2

            	 	
              
              

              $

            	
              
              

              250,000.

            	
            

    

     

    NOTE
      1:
      Pricing shown is the ADDER to substitute the fin/fan lube oil cooler in place
      of
      the standard shell and tube cooler.

     

    The
      above
      Contract Price includes
      all options known and exercised at the Contract Effective Date. The Contract
      Price shall
      be
      adjusted as necessary to take into account:

     

    
      	
              (i.)

            	
              Change
                Orders, including those related to the exercise of Options (as defined
                in
                Article
                4)
                that may be exercised after the Contract Effective Date,
                and

            

    

     

    
      	
              (ii.)

            	
              Other
                adjustments specifically provided for in this Contract. Payment shall
                be
                made in accordance with the Payment Schedule set forth in Attachment
                3
                and in accordance with the payment terms and conditions set forth
                in
                Article
                5
                of
                this Contract.

            

    

     

    Estimated
      Prices shown below for Technical Supervision are INDICATIVE ONLY and provided
      for reference based on scope described in Attachment
      2
      under
Option
      AAA
      and on
      current effective rates (see Attachment
      17).
      Actual
      costs to be billed based on rates in effect at time of service.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            2

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	
               

              Description

               

            	
               

              INDICATIVE
                Estimated Price

               

            
	
               

              Option
                AAA Technical
                Supervision
                (2-Unit Site)

               

            	
               

              $745,700.

               

            

    

     

    
      	
              Article
                4

            	
              Options

            

    

     

    The
      Purchaser shall have the right to exercise options to purchase the additional
      Equipment or Services which have been previously and specifically quoted to
      Purchaser and which are described in the Attachment
      4,
      within
      the times and at the prices therein stated. If any Option is exercised in
      writing prior to the option exercise deadline(s) set forth in Attachment
      4,
      the
      Contract Price will be automatically adjusted as set forth in the Attachment
      4
      and the
      associated Payment Schedule and RTS Schedule shall be set forth in a mutually
      executed Change Order.

     

    
      	
              Article
                5

            	
              Payments

            

    

     

    
      	 	
              5.1

            	
              Payment
                Schedule

            

    

     

    Payments
      shall be made in accordance with the Payment Schedule set forth in Attachment
      3
      hereto.
      Payments shall be remitted via wire transfer in compliance with the wire
      transfer instructions provided on each invoice. Late payments shall be subject
      to an interest charge equal to two percent in excess of the prime rate as
      published in the Wall Street Journal, calculated from the payment due date
      to
      the date upon which the payment is actually received by the Seller.

     

    
      	 	
              5.2

            	
              Effect
                of Changes in Contract Price

            

    

     

    If
      any
      adjustment results in an increase to the Contract Price, Purchaser shall pay
      for
      the increase in accordance with the corresponding invoice submitted by Seller.
      If any adjustment results in a decrease in the Contract Price, payments
      previously made shall be retained by the Seller and will be applied to
      subsequent payments as they become due.

     

    
      	 	
              5.3

            	
              No
                Offset

            

    

     

    Seller
      shall not be responsible for backcharges or field modifications performed by
      Purchaser unless Seller authorizes such charges in writing prior to the
      incurrence thereof and Purchaser specifically waives any right of set-off
      relating to such charges. Upon written notification from Purchaser, Seller
      shall
      respond within five (5) business days with approval of the proposed
      modifications or with a plan for the review of the proposed modifications.
      Seller shall not unnecessarily withhold approval of said field modifications
      or
      unnecessarily delay the review process. Any claim or set-off for backcharges
      shall be accompanied by a copy of such written authorization.

     

    In
      no
      event shall Purchaser offset any amounts due under this Contract by amounts
      that
      may be due Purchaser from Seller or any of its Affiliates under any other
      agreement, judgment or order.

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          3

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA Rev Dec. 5, 2005

        

      

      
        
           

          Contract
            For U.S. Based Sale of Equipment and Services

          
            

          

           

        

      

       

    

    
      	 	
              5.4

            	
              Further
                Assurances

            

    

     

    If
      requested by Seller at any time, Purchaser will demonstrate its financial
      capability to continue to carry out its obligations under this Contract. This
      demonstration may require that Purchaser furnish adequate payment security
      (which may include a letter of credit, parent guaranty or surety bond in a
      form
      and amount reasonably acceptable to Seller).

     

    
      	
              Article
                6

            	
              Termination
                by Purchaser for
                Convenience

            

    

     

    The
      Purchaser shall have the right to terminate this Contract, at any time for
      its
      convenience, and this termination for convenience shall be effective
      upon:

     

    
      	
              (i.)

            	
              Receipt
                by the Seller of written notice of
                termination

            

    

     

     

    
      	
              (ii.)

            	
              Receipt
                by the Seller of termination charges in accordance with the Termination
                Schedule attached to this Contract as Attachment
                5.
                If Purchaser’s payment of the termination charges occurs after Seller
                receives Purchaser’s termination notice, Seller shall have the right to
                suspend performance upon receipt of the termination notice and await
                the
                payment of termination charges without penalty to Seller. Termination
                for
                Cause is addressed in Article
                23
                of
                this Contract.

            

    

     

    
      	
              Article
                7

            	
              Title
                Transfer, Delivery, Risk of Loss, Shipment to
                Storage

            

    

     

    
      	 	
              7.1

            	
              Passage
                of Title

            

    

     

    Title
      to
      each item of Equipment or materials to be shipped from within the United States
      to a Site within the United States shall pass to the Purchaser when the Seller
      issues its Notice of RTS indicating that the Equipment is available for shipment
      from the relevant warehouse or factory. Title to the Equipment or materials
      to
      be shipped from a country other than the United States to a Site within the
      United States shall pass to the Purchaser at the port of export immediately
      after the Equipment or materials have been cleared for export. Title to Services
      shall pass to the Purchaser as performed. This Contract assumes that the Site
      will be located in the United States. In the event that, for any reason, the
      Buyer proposes to use the Equipment at a Site located outside of the United
      States, Seller may request that the Parties enter into a written amendment
      of
      this Contract allowing for high seas title transfer.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            4

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    
      	 	
              7.2

            	
              Lien
                Waiver

            

    

     

    Prior
      to
      remittance of Purchaser’s final payment for the Equipment or Services, Purchaser
      will request that Seller issue a final (one-time) lien waiver in the form of
      Attachment
      6
      to this
      Contract.

     

    
      	 	
              7.3

            	
              Delivery
                and Delivery Point

            

    

     

    If
      Purchaser does not elect to use transportation service described in Article
      7.6
      below,
      Seller shall accomplish Delivery of the Equipment to Purchaser at the relevant
      manufacturing facility or warehouse upon Notice of RTS (the “Delivery Point”).
      Terms of Delivery of the Seller Supplied equipment will be EX-Works, relevant
      warehouse or manufacturer’s facility (EXW as per Incoterms 2000). 

     

    If
      Purchaser elects to use the transportation service described in Article
7.6
      below,
      the Delivery Point instead shall be defined to be the Purchaser’s Site, and
      Delivery shall be deemed to have been accomplished by Seller upon arrival of
      the
      transport carrier at the Site but prior to unloading (which shall be the
      responsibility of Purchaser). If this Option is selected, terms of Delivery
      of
      the Seller Supplied equipment will be Cost and Insurance Paid to Owner’s jobsite
      (CIP as per Incoterms 2000). The Parties recognize that, in either case,
      Delivery may be deemed to have occurred in the event of a storage situation
      as
      set forth in Article 7.5
      below.

     

    
      	 	
              7.4

            	
              Passage
                of Risk of Loss

            

    

     

    Seller
      shall remain responsible for risk of loss or damage to the Equipment and
      materials incorporated therein until delivered to the Delivery Point (as defined
      above, depending upon whether Purchaser elects to use the transportation service
      described in Article 7.6
      below or
      make its own transportation arrangements). If, however, Purchaser is unable
      to
      accept the Equipment upon Seller’s Notice of RTS and a storage situation is
      triggered in accordance with Article 7.5
      below,
      Seller shall retain risk of loss for the Equipment during the storage period
      only if Seller is directly responsible for storage.

    
      
        
          
          

        

        
          Page
            5

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              7.5

            	
              Shipment
                to Storage

            

    

     

    If
      any
      part of the Equipment cannot be shipped to the Purchaser when ready due to
      any
      cause not attributable to the Seller, the Seller may ship such Equipment to
      storage. If the Equipment is placed in storage, including storage at the
      facility where it is manufactured, the following conditions shall
      apply:

     

    
      	 	
              (i.)

            	
              Title
                and risk of loss (including responsibility for insurance coverage)
                shall
                thereupon pass to the Purchaser if it had not already
                passed;

            

    

     

    
      	 	
              (ii.)

            	
              Any
                amounts otherwise payable to the Seller upon Delivery or title transfer
                shall be payable upon presentation of the Seller’s invoice(s) and
                certification of cause for storage;

            

    

     

    
      	 	
              (iii.)

            	
              All
                expenses incurred by the Seller, such as for preparation for and
                placement
                into storage, handling, inspection, preservation, insurance, storage,
                removal charges and any taxes shall be payable on a monthly basis
                by the
                Purchaser upon submission of the Seller’s
                invoice(s);

            

    

     

    
      	 	
              (iv.)

            	
              The
                Services provided herein shall be subsequently changed to the rate
                prevailing at the time of actual use and the Purchaser shall pay
                the net
                increase;

            

    

     

    
      	 	
              (v.)

            	
              Seller
                shall be deemed to have accomplished Delivery of the Equipment per
                Article
                7.3
                above

            

    

     

    
      	 	
              (vi.)

            	
              If
                Purchaser has elected to use the transportation services described
                in
                Article 7.6
                below, upon Purchaser’s notice of its ability to accept Delivery of the
                Equipment and payment of all amounts due hereunder, the Seller shall
                resume transportation of the Equipment to the Delivery
                Point.

            

    

     

    
      	 	
              7.6

            	
              Seller’s
                Transportation Service

            

    

     

    As
      of the
      Effective Date of this Contract, Purchaser has elected this Option. Purchaser
      shall pay Seller for:

     

    
      	 	
              (i.)

            	
              All
                fees and expenses including, but not limited to, those covering
                preparation of consular documents, freight, storage and
                warehouse-to-warehouse insurance (collectively, “Transport Costs”) plus
                

            

    

     

    
      	 	
              (ii.)

            	
              A
                shipping management fee in the amount of
                either:

            

    

     

    
      	 	
              a.)

            	
              10%
                of all Transport Costs actually incurred (if Seller receives Purchaser’s
                election of this Option at least ninety (90) days’ prior to the first
                Scheduled RTS Date) or

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            6

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              b.)

            	
              15%
                of all Transport Costs actually incurred (if Seller receives Purchaser’s
                election of this Option less than ninety (90) days prior to the first
                Scheduled RTS Date).

            

    

     

    These
      costs shall be invoiced separately. In performing such service, Seller will
      comply with any reasonable instructions of Purchaser or, in the absence thereof,
      shall act according to its best judgment. In acting on Purchaser’s behalf
      hereunder, Seller shall retain risk of loss for the Equipment during
      transportation, subject to Article
      24
      of this
      Contract, but shall not be liable or otherwise held responsible under this
      Article or this Contract for any delay in performance of the transportation
      service or arrival of the Equipment. Seller’s sole and exclusive schedule
      obligations are set forth in Article
      8.
      Claims
      against Seller for shortages or errors in shipment must be made within 30 days
      after receipt of the Equipment by Purchaser and be accompanied by necessary
      documentation to substantiate the claim. Purchaser may not return Equipment
      without first receiving written permission from Seller and agreeing with Seller
      on the terms to cover such return.

     

    
      	
              Article
                8

            	
              Schedule

            

    

     

    The
      Seller shall provide the Notice of RTS for each Major Component by the date(s)
      set forth in the Scheduled RTS Date(s) schedule attached to this Contract as
      Attachment
      7
      (each, a
      "Scheduled RTS Date"). Partial shipments will be allowed.

     

    If
      any
      Major Component is not ready to ship on or before the relevant Scheduled RTS
      Date(s) for reasons attributable to the Seller and not excused elsewhere in
      this
      Contract, the Seller shall pay as liquidated damages, and not as a penalty,
      a
      sum calculated in accordance with the table below, until actual Notice of RTS
      for such Major Component:

     

    
      	
               

              Delay
                Liquidated Damage Period

               

            	
               

              Amount
                of Delay Liquidated Damages

               

            
	
               

              Delay
                periods below, expiring on the earlier of the date upon which (a)
                the
                delay liquidated damages cap is reached or (b) Seller delivers Notice
                of
                RTS

               

            	
               

              Rate
                per day per delayed Major Component (not including separately shipped
                components) during the Delay Liquidated Damage Period

               

            
	
               

              Days
                1-15

               

            	
               

              $5,000
                

               

            
	
               

              Days
                16-30

               

            	
               

              $10,000

               

            
	
               

              Days
                31+

               

            	
               

              $20,000

               

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            7

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    No
      grace
      period will apply to Liquidated Damages for equipment that is not delivered
      in
      accordance with the Scheduled RTS Dates in Attachment
      7
      unless
      mutually agreed by Buyer and Seller. Liquidated
      damage computations shall disregard any accessory to the Major Component that
      is
      shipped separately. For
      purposes of computation of Liquidated Damages, Major Components shall be defined
      as follows:

     

    Combustion
      Turbine

    Combustion
      Turbine Enclosure

    Turbine
      Control Panel

    Generator

    Generator
      Enclosure

    Sprint
      Skid

    Auxiliary
      Skid

    Water
      Injection Skid

    Fin-Fan
      Cooler Skid

    Inlet
      Air
      Housing and associated components

     

    Minor
      Components that make up the remainder of the material shipped direct, less
      small
      minor items, shall be delivered within 30 days after the Major Components ship
      date. Minor Component ship dates and deliveries are not subject to Delay
      Liquidated Damages, as part of this Agreement. Minor
      Component Equipment shall be defined as follows:

     

    Skid
      Interconnection piping and tubing

    CO2
      bottle
      fire protection skid

    Equipment
      that is not considered integral to the operation of the Unit, such as
      miscellaneous components that are typically shipped via box (fasteners, filters,
      etc.)

     

    The
      Seller's liability hereunder for delay liquidated damages shall not exceed
      seven
      and one half percent (7.5%) of the Unit Price for the Unit giving rise to such
      claim. The liquidated damages for delay in Notice of RTS shall be the
      Purchaser’s exclusive remedy for and the Seller’s sole obligation arising out of
      delayed Equipment.

     

    Notwithstanding
      the foregoing, the Seller shall have no liability to the Purchaser for
      liquidated damages for delay with respect to any Unit unless, in the reasonable
      discretion of Purchaser, the delay in providing Notice of RTS for such Unit
      is
      the direct cause of an actual delay in the initial commercial operation of
      the
      Project.

     

    If
      any
      drawing set to which drawing delay liquidated damages apply, excluding as-built
      drawings, is not submitted on or before the relevant submittal date indicated
      in
Attachment
      11
      for
      reasons attributable to the Seller and not excused elsewhere in this Contract,
      the Seller shall pay as liquidated damages, and not as a penalty, $500 per
      day
      of delay per drawing set, until actual submittal of such drawing set.
The
      Seller's liability hereunder for drawing delay liquidated damages shall not
      exceed $150,000. The liquidated damages for delay in delivery of drawings shall
      be the Purchaser's exclusive remedy for and the Seller's sole obligation arising
      out of delayed delivery of the drawings or data, excluding as-built
      drawings.

    

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            8

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    
      	
              Article
                9

            	
              Performance
                Guarantees

            

    

     

    When
      tested in accordance with Attachment
      8
      and
      subject to the conditions specified in Attachment
      8
      and
Attachment
      9,
      the
      Seller guarantees that the Equipment will achieve the output, heat rate and
      NOx
      emissions level set forth in the Stamped Guarantee Sheet attached hereto as
      Attachment
      9.
      If the
      average performance of all Unit(s) fails to achieve the output or heat rate
      Performance Guarantees after the final performance test provided for in
Article
      11
      below,
      the Seller shall pay to the Purchaser as liquidated damages, and not as a
      penalty, a sum calculated in accordance with the table below for each Unit
      that
      fails to achieve the output or heat rate Performance Guarantees:

    

     

    
      	
               

              Criterion

               

            	
               

              Test
                Measurement Point

               

            	
               

              Liquidated
                Damages

               

            
	
               

              Output

               

            	
               

              At
                Generator Terminals

               

            	
               

              $1,000
                for each kW below the applicable Performance Guarantee

               

            
	
               

              Heat
                Rate 

               

            	
               

              At
                Turbine Fuel Meter

               

            	
               

              $5,000
                for each btu/kWh (LHV) above the applicable Performance
                Guarantee

               

            
	
               

              NOx,
                CO, VOC Emissions

               

            	
               

              At
                Turbine Exhaust Flange

               

            	
               

              Liquidated
                damages not applicable. In lieu of any damages, Seller has a one-time
                duty
                to adjust and repair the Unit until the Performance Guarantee for
                NOx, CO,
                and VOC is met. (Must Meet Remedy).

               

            

    

     

    The
      Seller's aggregate liability hereunder for liquidated damages for failure to
      achieve the output Performance Guarantee shall not exceed seven and one half
      percent (7.5%) of the Unit Price of the Unit(s) giving rise to such claim.
      The
      Seller’s aggregate liability hereunder for liquidated damages for failure to
      achieve the heat rate Performance Guarantee shall not exceed seven and one
      half
      percent (7.5%) of the Unit Price of the Unit(s) giving rise to such claim.
      The
      liquidated damages for failure to achieve the Performance Guarantees and the
      corrective action to be taken by the Seller for deficiencies in performance
      shall be the Purchaser’s exclusive remedies for and the Seller’s sole
      obligations arising out of such deficiencies.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            9

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    In
      addition to the Performance Guarantees for output and heat rate, when tested
      in
      accordance with Attachment
      8
      and
      subject to the conditions set forth in Attachment
      8
      and
Attachment
      9,
      the
      Seller guarantees that each Unit will meet the Minimum Performance Criteria.
      If
      when first so tested, the Unit fails to meet the Minimum Performance Criteria,
      in lieu of liquidated damages, the Seller shall have a one-time duty to adjust
      and repair the Unit until the Minimum Performance Criteria is met (Must Meet
      Remedy).

     

    Notwithstanding
      the foregoing, the Seller shall have no liability to the Purchaser for
      liquidated damages for failure to achieve the Performance Guarantees with
      respect to any Unit unless the Purchaser suffers economic harm as a result
      of
      the failure of such Unit to achieve the Performance Guarantees.

     

    If
      the
      average performance of all Unit(s) exceeds the Performance Guarantees for either
      output or heat rate, then the Purchaser shall pay to the Seller as a bonus
      an
      amount calculated in accordance with the table below:

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          10

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA Rev Dec. 5, 2005

        

      

      
        
           

          Contract
            For U.S. Based Sale of Equipment and Services

          
            

          

           

        

      

    

     

    
      	
               

              Criterion

               

            	
               

              Bonus

               

            
	
               

              Output

               

            	
               

              50%
                of the Liquidated Damage rate for output for each kW below the applicable
                Performance Guarantee for output

               

            
	
               

              Heat
                Rate

               

            	
               

              50%
                of the Liquidated Damage rate for heat rate for each btu/kWh (LHV)
                above
                the applicable Performance Guarantee for heat rate

               

            

    

     

    For
      avoidance of doubt, liquidated damages and/or bonus for output and heat rate
      shall be calculated on an individual Unit basis at each respective Site only,
      and not in the aggregate.

     

    
      	
              Article
                10

            	
              Aggregate
                Limitation on Liquidated
                Damages

            

    

     

    The
      Seller's overall aggregate liability hereunder for all forms of liquidated
      damages provided for in this Contract shall not exceed fifteen percent (15%)
      of
      the Unit Price of the Unit(s) giving rise to such claims. The Parties agree
      that
      the amount of liquidated damages set forth above are reasonable in light of
      the
      anticipated harm caused by the breach of duty related thereto and the
      difficulties of proof of loss and inconvenience or non-feasibility of obtaining
      any adequate remedy and the Parties are stopped from contesting the validity
      or
      enforceability of such liquidated damages. 

     

     

    
      	
              Article
                11

            	
              Performance
                Guarantee Testing

            

    

     

    
      	 	
              11.1

            	
              Performance
                Tests

            

    

     

    The
      performance tests shall be arranged and conducted by the Purchaser or its
      designee unless specifically stated below.

     

    
      	 	
              11.2

            	
              Performance
                Testing

            

    

     

    The
      tests
      for output and heat rate shall be performed using the testing procedures and
      protocol set forth in Attachment
      8
      and
      subject to conditions set forth in Attachment
      8
      and
Attachment
      9,
      and
      shall be conducted immediately following the start-up period after the Seller
      has conducted final check-out of the Unit. If the output and heat rate tests
      are
      not conducted within the first 200 fired hours, degradation shall be applied
      in
      accordance with Article 11.6.
      

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          11

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA Rev Dec. 5, 2005

        

      

      
        
           

          Contract
            For U.S. Based Sale of Equipment and Services

          
            

          

           

        

      

       

    

    
      	 	
              11.3

            	
              Emissions
                Testing

            

    

     

    If
      required, Purchaser or its designee shall conduct the emissions tests at the
      engine exhaust. Purchaser shall provide Seller a copy of the initial compliance
      test report, as submitted to the relevant air quality management
      agency.

     

    
      	 	
              11.4

            	
              Cure
                Period

            

    

     

    If
      when
      first tested, the Unit(s) does (do) not meet the heat rate or output Performance
      Guarantees or the NOx and CO emissions guarantees, the Seller shall be afforded
      sixty (60) calendar days, plus Delay Days if any, of access to the Unit(s)
      to
      undertake corrective action. During this period, Seller’s access to the
      Equipment will not impact dispatch or revenue opportunities and all Seller
      activities shall be coordinated with the Purchaser. If the Seller requests
      access to the machine to correct the non-compliance and the Purchaser does
      not
      provide access to the machine due to revenue opportunities or any other reason
      as may be required by the Purchaser, the Seller shall be afforded, on a day
      per
      day basis, the number of days equal to the delay which shall be defined as
      a
      Delay Day. The Unit(s) will be re-tested when the Seller so requests, but in
      any
      event at the end of this cure period. The degradation correction provided in
      section 11.6
      below
      will be in effect during the hours of Purchaser operation.

     

    For
      the
      purpose of the cure period for VOC emissions, if when first tested, the Unit(s)
      does (do) not meet the VOC emissions guarantee, the Seller shall be afforded
      sixty (60) calendar days, plus Delay Days if any, of access to the Unit(s)
      to
      undertake corrective action. During this period, Seller’s access to the
      Equipment will not impact dispatch or revenue opportunities and all Seller
      activities shall be coordinated with the Purchaser. If the Seller requests
      access to the machine to correct the non-compliance and the Purchaser does
      not
      provide access to the machine due to revenue opportunities or any other reason
      as may be required by the Purchaser, the Seller shall be afforded, on a day
      per
      day basis, the number of days equal to the delay which shall be defined as
      a
      Delay Day. The Unit(s) will be re-tested when the Seller so requests, but in
      any
      event at the end of this cure period. 

     

    
      	 	
              11.5

            	
              Cost
                of Tests and Re-Tests

            

    

     

    The
      Purchaser shall perform the initial performance tests at its cost. The Seller
      shall be notified of, and shall be represented at all such tests. If a re-test
      is required and to the extent the Seller was the cause of such re-test, the
      actual cost of the retest will be borne by the Seller. The actual cost of the
      re-test shall mean:

     

    
      	 	
              (i.)

            	
              Cost
                of special test personnel or special operating personnel provided
                by the
                Purchaser

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            12

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              (ii.)

            	
              Cost
                of special instrumentation and equipment (including rental cost)
                and
                including required calibration of the
                instrumentation

            

    

     

    
      	 	
              (iii.)

            	
              The
                Seller’s personnel cost, but in no event whatsoever will the Seller be
                responsible for the cost of fuel or other consumables, normal operating
                personnel, or any other such cost typically borne by the
                Purchaser.

            

    

     

    
      	 	
              11.6

            	
              Degradation

            

    

     

    In
      conducting the initial performance test or re-tests, the performance of the
      Unit
      shall not be adjusted for degradation until such Unit has operated in excess
      of
      two hundred (200) hours. The Seller’s degradation curve shall be used to
      determine the adjustment for Unit output and Unit heat rate.

     

    
      	
              Article
                12

            	
              Inspection
                and Factory Tests

            

    

     

    
      	 	
              12.1

            	
              Inspections
                and Tests at Seller’s Facilities

            

    

     

    Upon
      the
      Purchaser’s request and with the Seller’s prior written consent, the Purchaser’s
      inspector shall be provided access to the Seller’s facilities to obtain
      information on production progress and make inspections. Such access will be
      limited to areas concerned with the Equipment and shall not include restricted
      areas where work of a proprietary nature is being conducted. The Seller shall,
      in its sole discretion, determine the extent of the Purchaser’s access to the
      Seller’s facilities and the extent of factory testing to be conducted on the
      Equipment during normal business hours. 

     

    
      	 	
              12.2

            	
              Inspections
                and Tests at Suppliers’ Facilities

            

    

     

    Subject
      to the conditions set forth in the foregoing paragraph, the Seller will make
      reasonable efforts to obtain for the Purchaser’s access to its Suppliers’
facilities for the purposes described in the paragraph above.

     

    
      	 	
              12.3

            	
              Inspection
                Not Acceptance

            

    

     

    The
      Purchaser’s inspection of the Equipment or its failure to inspect does not
      relieve the Seller of its obligation to fulfill the requirements of this
      Contract, nor is it to be construed as acceptance by the Purchaser.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            13

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    
      	
              Article
                13

            	
              Warranty
                Period

            

    

     

    The
      Seller shall warrant the Equipment and the Services on the terms set forth
      in
Article
      14
      below
      for twelve (12) months following the date fuel is first combusted in the Unit
      at
      the Site, 4,000 operating hours or eighteen (18) months following the date
      of
      Seller’s Notice of RTS, whichever period shall first expire (the “Warranty
      Period”), provided, however, that the warranty applicable to the Training
      Services shall be solely as set forth in Article
      14
      below.

     

    
      	
              Article
                14

            	
              Warranty

            

    

     

    
      	 	
              14.1

            	
              Warranty

            

    

     

    The
      Seller warrants to the Purchaser that:

     

    
      	 	
              (i.)

            	
              The
                Equipment to be delivered
                hereunder:

            

    

     

    
      	 	
              a.)

            	
              shall
                be fit for the purpose of generating electric power when operated
                in
                accordance with the Seller’s specific written operation instructions and,
                in the absence thereof, in accordance with generally accepted operation
                practices of the electric power producing industry
                and

            

    

     

    
      	 	
              b.)

            	
              shall
                be free from defects in material, workmanship and
                title;

            

    

     

    
      	 	
              (ii.)

            	
              The
                Services shall be performed in a competent, diligent
                manner.

            

    

     

    
      	 	
              14.2

            	
              Remedy

            

    

     

    If
      the
      Equipment delivered or Services performed hereunder do not meet the above
      warranties during the Warranty Period set forth in Article
      13
      of this
      Contract, the Purchaser shall promptly notify the Seller in writing and make
      the
      Equipment available promptly for correction. The Seller shall thereupon correct
      any defect, at its option by:

     

    
      	 	
              (i.)

            	
              Reperforming
                the defective Services

            

    

     

    
      	 	
              (ii.)

            	
              Repairing
                the defective part of the Equipment

            

    

     

    
      	 	
              (iii.)

            	
              Providing
                necessary replacement parts, including shipment of parts to Owner’s
                site

            

    

     

    Purchaser
      shall, at Seller’s option, return any defective part that is replaced by Seller
      at Seller’s expense to Seller’s facility within thirty (30) days from the date
      of written instruction by Seller. The Seller shall provide technical advisory
      Services reasonably necessary for any such repair of the Equipment, but the
      Seller shall not be responsible for:

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            14

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    
      	 	
              (iv.)

            	
              Removal
                or replacement of structures or other parts of the facility
                and

            

    

     

    
      	 	
              (v.)

            	
              Site
                labor for installation of parts or
                components.

            

    

     

    If
      a
      defect in the Equipment or part thereof identified during the warranty period
      cannot be corrected by the Seller’s reasonable efforts,
      upon
      mutual agreement by both Parties, the Parties
      will negotiate an equitable adjustment in price with respect to such Equipment
      or part thereof. The condition of any tests shall be mutually agreed upon and
      the Seller shall be notified of and may be represented at, all tests that may
      be
      made

     

    
      	 	
              14.3

            	
              Warranty
                on Remedial Work

            

    

     

    Any
      re-performed service or repaired or replacement part furnished under this
      warranty shall carry warranties on the same terms as set forth above in
Article
      13.
      

     

    
      	 	
              (i.)

            	
              The
                remainder of the original Warranty Period or

            

    

     

    
      	 	
              (ii.)

            	
              Six
                (6) months from the date of such re-performance, repair or
                replacement.

            

    

     

    In
      any
      event the repair/replacement warranty period and the Seller’s responsibilities
      set forth herein for such repaired or replacement part shall end no later than
      six (6) months after expiration of the original Warranty Period. 

     

    
      	 	
              14.4

            	
              Exclusions

            

    

     

    The
      Seller does not warrant the Equipment or any repaired or replacement parts
      against normal wear and tear, including that due to environment or operation,
      including excessive operation at peak capability, frequent starting, type of
      fuel, detrimental air inlet conditions or erosion, corrosion or material
      deposits from fluids. The warranties and remedies set forth herein are further
      conditioned upon:

     

    
      	 	
              (i.)

            	
              The
                proper storage, installation, operation, and maintenance of the Equipment
                and conformance with the operation instruction manuals (including
                revisions thereto) provided by the Seller and/or its Subcontractors
                or
                Suppliers, as applicable (including any required warranty preservation
                services in the event of long term storage) and

            

    

     

    
      	 	
              (ii.)

            	
              Repair
                or modification pursuant to the Seller’s instructions or approval.
                

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            15

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    The
      Purchaser shall keep proper records of operation and maintenance during the
      Warranty Period. These records shall be kept in the form of logsheets and copies
      shall be submitted to the Seller upon its request.

     

    
      	 	
              14.5

            	
              Exclusive
                Remedies and Warranties

            

    

     

    Except
      for:

     

    
      	 	
              (i.)

            	
              The
                performance liquidated damages for output and heat rate
                and

            

    

     

    
      	 	
              (ii.)

            	
              If
                applicable, any one-time Must Meet Remedy set forth in Article
                9,
                the preceding paragraphs of this Article set forth the sole and exclusive
                remedies for all claims based on failure of or defect in the Equipment
                and
                Services provided under this Contract, whether the failure or defect
                arises before or during the Warranty Period and whether a claim,
                however
                instituted, is based on contract, indemnity, warranty, tort (including
                negligence), strict liability or
                otherwise.

            

    

     

    The
      foregoing warranties are exclusive and are in lieu of all other warranties
      and
      guarantees whether written, oral, implied or statutory. NO IMPLIED STATUTORY
      WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE SHALL
      APPLY.

     

    
      	
              Article
                15

            	
              Taxes

            

    

     

    
      	 	
              15.1

            	
              Seller
                Taxes

            

    

     

    The
      Contract Price includes applicable corporate and individual taxes that are
      measured by net income or profit and are imposed by any governmental authority
      of any country on the Seller, its employees, Subcontractors or Suppliers due
      to
      the execution or performance of this Contract.

     

    
      	 	
              15.2

            	
              Purchaser
                Taxes

            

    

     

    The
      Contract Price excludes any sales, use, excise, value added, gross receipts,
      consumption, franchise, property, or similar taxes imposed by any federal,
      state, or local government. All such taxes shall be for the account of and
      shall
      be paid directly by the Purchaser. If Purchaser is exempt from any such taxes,
      Purchaser will provide Seller adequate documentation of exemption in accordance
      with the taxing authority requirements prior to title transfer. If Purchaser
      is
      exempt from any Purchaser Taxes, Purchaser will provide Seller adequate
      documentation of exemption in accordance with the taxing authority regulations
      at least sixty (60) days prior to the Scheduled RTS Date of the
      Equipment.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            16

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    
      	
              Article
                16

            	
              EEO
                and Compliance with Laws

            

    

     

    The
      Seller shall perform its obligations hereunder in compliance with the legal
      requirements set forth in the Equal Employment Opportunity Certificate attached
      hereto as Attachment
      10.

     

    
      	
              Article
                17

            	
              Pricing
                and Scope Assumptions

            

    

     

    
      	 	
              17.1

            	
              Original
                Equipment Definition

            

    

     

    The
      original Equipment definition is established in Attachment
      2.

     

    
      	 	
              17.2

            	
              Pricing
                Assumptions

            

    

     

    The
      Contract Price is based on the engineering and manufacture of the Equipment
      in
      accordance with the Seller’s design criteria, manufacturing processes and
      procedures and quality assurance programs, so as to comply with:

     

    
      	 	
              (i.)

            	
              Those
                portions of the codes and standards identified in Attachment
                2
                which the Seller has deemed applicable to the Equipment (“Codes and
                Standards”)

            

    

     

    
      	 	
              (ii.)

            	
              The
                applicable United States Federal Laws in effect as of the Notice
                to
                Proceed (“Federal Laws”)

            

    

     

    
      	 	
              (iii.)

            	
              The
                ambient site conditions (including temperature, humidity, elevation
                and
                any seismic or wind-loading requirements) identified by Purchaser
                prior to
                Notice to Proceed and set forth in Attachment
                2
                (“Ambient Site Conditions”)

            

    

     

    
      	 	
              (iv.)

            	
              Those
                site-specific environmental requirements (including those governing
                emissions and noise) identified by Purchaser prior to Notice to Proceed
                and set forth in Attachment
                2
                (“Site Requirements”)

            

    

     

    
      	 	
              (v.)

            	
              Those
                State and Local Laws identified by Purchaser in Attachment
                2.

            

    

     

    
      	 	
              17.3

            	
              Changes
                to Codes and Standards or to Federal
                Laws

            

    

     

    If
      any
      change to the Codes and Standards or any change in Federal Law requires a change
      to the Equipment, the Seller shall be entitled to a Change Order that includes
      equitable adjustments to the Contract Price, Scheduled RTS Date(s) and other
      provisions of the Contract that are impacted. In addition, during the
      manufacturing process at its discretion, Seller may make minor changes to the
      Equipment without entering into a Change Order, provided that such minor changes
      do not alter the Contract Price or Scheduled RTS Date(s).

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            17

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              17.4

            	
              Other
                Changes to Equipment Scope or Configuration, State or Local Laws,
                Ambient
                Site Conditions and Site
                Requirements

            

    

     

    Except
      as
      set forth in this Article, changes to the Equipment and Services can be made
      only as provided in Article
      18.

     

    
      	 	
              17.5

            	
              Order
                Definition Meeting

            

    

     

    Unless
      otherwise agreed, the Seller will schedule an Order Definition Meeting within
      thirty (30) days of execution of this Contract. The Seller will advise the
      Purchaser of the final drawing delivery schedule during the Order Definition
      Meeting.

     

    
      	 	
              17.6

            	
              Project
                Manager

            

    

     

    No
      later
      than the date of the Order Definition Meeting, the Purchaser will appoint an
      individual person as its Project Manager, will authorize that person to act
      on
      its behalf and will identify that person to the Seller. The Purchaser hereby
      represents to the Seller that the person so identified will be authorized to
      act
      on behalf of the Purchaser in matters connected with this Contract or the
      Project.

     

    
      	 	
              17.7

            	
              Automatic
                Release

            

    

     

    If
      the
      Purchaser fails to provide any information required by this Article within
      the
      times herein specified, or if the Parties are not able to reach agreement as
      to
      the substance of a Change Order to which the Seller is entitled pursuant to
      this
      Article by the conclusion of the Order Definition Meeting, the Seller will
      deliver the Equipment as originally described in Attachment
      2.

     

    
      	 	
              17.8

            	
              Permitting
                Support

            

    

     

    Purchaser
      shall have sole responsibility for, and risk associated with, application for
      and maintenance of all permits, including but not limited to site-related,
      construction and environmental permits. The Seller shall provide reasonable
      assistance to the Purchaser in its endeavors relating to the permitting of
      the
      Site and cooperate by providing information for the purpose of obtaining the
      permits. In undertaking such assistance, the Seller shall not be obligated
      to
      incur out-of-pocket costs and expenses without reimbursement from the
      Purchaser.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            18

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

      

    

     

    
      	 	
              17.9

            	
              Global
                Sourcing.

            

    

     

    The
      Seller reserves the right in its discretion to obtain, source, subcontract,
      manufacture, fabricate and assemble the Equipment and any of its components
      and
      systems outside the United States or from non-domestic concerns, or both; it
      being understood that the quality standards and warranties of the Seller under
      the Contract shall be adhered to in all cases irrespective of source. Seller
      shall be responsible for those direct costs associated with its global sourcing
      and manufacturing activities that occur prior to title transfer to
      Purchaser.

     

    
      	 	
              17.10

            	
              Electronic
                Communication

            

    

     

    The
      Parties agree to use the Seller’s Customer Collaboration System as the primary
      medium for the storage and transmittal of drawings, specifications and project
      reports. The current Customer Collaboration System is Project Net. Selected
      individuals of the Purchaser and the Purchaser’s Engineer shall have access to
      Project Net such that drawings and documents can be accessed and downloaded
      at
      any time by either party. Registration instructions and link for access to
      Project Net by the Purchaser and the Purchaser’s Engineer shall be available
      within 10 working days following the conclusion of the Order Definition
      Meeting.

     

    
      	
              Article
                18

            	
              Changes

            

    

     

    
      	 	
              18.1

            	
              Purchaser-Initiated
                Changes

            

    

     

    The
      Purchaser shall have the right to request that the Seller consider changes
      to
      the Equipment or the Services, including modifications, alterations or
      additions. If the Purchaser wishes to request such a change, the Purchaser
      shall
      notify the Seller in writing. Within fifteen (15) days after receipt of such
      notice (unless otherwise extended by mutual agreement), the Seller shall advise
      the Purchaser of the feasibility of the requested change, and shall submit
      to
      the Purchaser a draft Change Order, unless the matter requires further
      investigation and research in which case Seller will provide an estimate of
      the
      time frame in which Seller will be able to submit a detailed response to
      Purchaser.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            19

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              18.2

            	
              Seller-Initiated
                Changes

            

    

     

    If
      the
      Seller wishes to propose a change, or if the Seller is entitled to a Change
      Order pursuant to the provisions of this Contract, the Seller shall submit
      to
      the Purchaser a draft Change Order.

     

    
      	 	
              18.3

            	
              Contents
                of Draft Change Order

            

    

     

    The
      draft
      Change Order shall include:

     

    
      	 	
              (i.)

            	
              A
                technical description of the proposed change in such detail as the
                Purchaser may reasonably require,

            

    

     

    
      	 	
              (ii.)

            	
              A
                lump sum firm price adjustment (increase or decrease) in the Contract
                Price, if any, caused by the proposed
                change

            

    

     

    
      	 	
              (iii.)

            	
              All
                potential effect(s), if any, on the Scheduled RTS Date(s), or any
                other
                schedule or date for performance by the Seller
                hereunder

            

    

     

    
      	 	
              (iv.)

            	
              All
                potential effect(s), if any, on the Seller's ability to comply with
                any of
                its obligations hereunder, including the Seller's warranties and
                Performance Guarantees.

            

    

     

    
      	 	
              18.4

            	
              Process
                for Concluding Change Order

            

    

     

    The
      Purchaser shall, within ten (10) days from the date of receipt of such
      information, either approve or disapprove the draft Change Order in writing
      or
      request additional time to consider the draft Change Order. If the Purchaser
      approves the Change Order, the Purchaser and the Seller shall then sign the
      Change Order that shall operate as an amendment to this Contract.

     

    
      	 	
              18.5

            	
              Agreement
                Required

            

    

     

    All
      changes under this contract shall be subject to mutual agreement, and no Change
      Order will be effective until signed by both Parties.

     

    
      	 	
              18.6

            	
              Changes
                to Equipment Not Practicable

            

    

     

    If
      the
      Seller determines that any change to the Equipment contemplated in the
      immediately preceding paragraphs is not practicable, the Seller will so notify
      the Purchaser and the Purchaser:

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            20

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              (i.)

            	
              May
                terminate this Contract in accordance with Article
                6
                of
                this Contract.

            

    

     

    
      	 	
              (ii.)

            	
              May
                direct completion without change.

            

    

     

    
      	
              Article
                19

            	
              Excusable Delays

            

    

     

    The
      Seller shall not have any liability or be considered to be in breach or default
      of its obligations under this Contract to the extent that performance of such
      obligations is delayed or prevented, directly or indirectly, due
      to:

     

    
      	 	
              (i)

            	
              Causes
                beyond its reasonable control; or

            

    

     

    
      	 	
              (ii)

            	
              Acts
                of God, acts (or failures to act) of governmental authorities, fires,
                severe weather conditions, earthquakes, strikes or other labor
                disturbances, floods, war (declared or undeclared), epidemics, civil
                unrest, riots, delays or accidents in transportation and car or
                transporter shortages; or

            

    

     

    
      	 	
              (iii)

            	
              Acts
                (or omissions) of the Purchaser including failure to
                promptly:

            

    

     

    
      	 	
              (a.)

            	
              Provide
                the Seller with information and approvals necessary to permit the
                Seller
                to proceed with work immediately and without interruption,
                or

            

    

     

    
      	 	
              (b.)

            	
              Comply
                with the terms of payment; or

            

    

     

    
      	 	
              (iv)

            	
              Shipment
                to storage in accordance with Article 7.5
                above.

            

    

     

    The
      Seller shall notify the Purchaser of any such delay and strive to mitigate
      the
      delay to the extent practicable. The Scheduled RTS Date(s) or other date of
      performance shall be extended for a period of time necessary to overcome the
      effect of such excusable delay. If the Seller is delayed by acts or omissions
      of
      the Purchaser, or by the prerequisite work of the Purchaser’s other contractors
      or suppliers, the Seller shall also be entitled to an equitable price
      adjustment.

     

    
      	
              Article
                20

            	
              Patents

            

    

     

    
      	 	
              20.1

            	
              Patent
                Indemnity

            

    

     

    The
      Seller agrees to indemnify and hold harmless the Purchaser from any rightful
      claim of any third party that any Equipment manufactured by the Seller and
      furnished hereunder infringes any United States registered patent. If the
      Purchaser notifies the Seller promptly of the receipt of any such claim, does
      not take any position adverse to the Seller regarding such claim and gives
      the
      Seller information, assistance and exclusive authority to settle and defend
      the
      claim, the Seller shall, at its own expense and option, either:

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          21

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA Rev Dec. 5, 2005

        

      

      
        
           

          Contract
            For U.S. Based Sale of Equipment and Services

          
            

          

           

        

      

    

     

    
      	 	
              (i.)

            	
              Settle
                or defend the claim or any suit or proceeding and pay all damages
                and
                costs awarded in it against the Purchaser,
                or

            

    

     

    
      	 	
              (ii.)

            	
              Procure
                for the Purchaser the right to continue using the Equipment,
                or

            

    

     

    
      	 	
              (iii.)

            	
              Modify
                the Equipment so that it becomes non-infringing,
                or

            

    

     

    
      	 	
              (iv.)

            	
              Replace
                the Equipment with non-infringing Equipment;
                or

            

    

     

    
      	 	
              (v.)

            	
              Remove
                the infringing product and refund the
                price.

            

    

     

    If,
      in
      any suit arising from such a claim, the continued use of the Equipment for
      the
      purpose intended is forbidden by any court of competent jurisdiction, the Seller
      shall at its option take one or more of the actions under (ii.),
      (iii.),
      (iv.),
      or
(v.)
      above.
      The foregoing states the entire liability of the Seller for patent infringement
      of any Equipment.

     

    
      	 	
              20.2

            	
              Exclusions

            

    

     

    The
      above
      paragraph shall not apply to:

     

    
      	 	
              (i.)

            	
              Any
                Equipment which is manufactured to the Purchaser’s design
                or

            

    

     

    
      	 	
              (ii.)

            	
              The
                use of any equipment furnished under this Contract in conjunction
                with any
                other apparatus or material not furnished by Seller, the combined
                use of
                which in and of itself gives rise to a claim of
                infringement.

            

    

     

    As
      to any
      Equipment or use described in the preceding sentence, the Seller assumes no
      liability whosoever for patent infringement.

     

    
      	
              Article
                21

            	
              General
                Indemnity

            

    

     

    
      	 	
              21.1

            	
              Seller’s
                Indemnity

            

    

     

    Subject
      to Article
      24
      the
      Seller agrees to indemnify and hold harmless the Purchaser from:

     

    
      	 	
              (i.)

            	
              Any
                physical damage to the property of third parties
                or

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            22

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              (ii.)

            	
              Injury
                to persons, including death, to the extent resulting directly from
                the
                negligence of the Seller or its officers, servants, agents, employees,
                and/or assigns while engaged in activities under this
                Contract.

            

    

     

    
      	 	
              21.2

            	
              Purchaser’s
                Indemnity

            

    

     

    The
      Purchaser shall likewise indemnify and hold harmless the Seller
      from:

     

    
      	 	
              (i.)

            	
              Any
                physical damage to property of third parties
                or

            

    

     

    
      	 	
              (ii.)

            	
              Injury
                to persons, including death, to the extent resulting directly from
                the
                negligence of the Purchaser, its officers, servants, agents, employees,
                and/or assigns while engaged in activities relating to this
                Contract.

            

    

     

    
      	 	
              21.3

            	
              Concurrent
                Liability

            

    

     

    In
      the
      event such damage or injury is caused by the joint or concurrent negligence
      of
      the Seller and the Purchaser, the loss shall be borne by each Party in
      proportion to its negligence.

     

    
      	 	
              21.4

            	
              Limitation

            

    

     

    For
      purposes of this Article, “third parties” shall not include:

     

    
      	 	
              (i)

            	
              The
                Purchaser or the Owner;

            

    

     

    
      	 	
              (ii)

            	
              The
                subsidiaries, parents, Affiliates, agents, successors or assigns
                of the
                Purchaser or the Owner, including any operation or maintenance contractor;
                or 

            

    

     

    
      	 	
              (iii)

            	
              Any
                party:

            

    

     

    
      	 	
              (a.)

            	
              With
                any equity interest in the foregoing entities, or
                

            

    

     

    
      	 	
              (b.)

            	
              With
                a security interest of any nature in any such entity’s assets or property,
                or

            

    

     

    
      	 	
              (c.)

            	
              Which
                claims or seeks to claim any of the rights, powers or privileges
                of the
                Purchaser or Owner under this Contract or claims or seeks to claim
                as a
                third party beneficiary of the Purchaser or Owner under this
                Contract.

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            23

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	
              Article
                22

            	
              Insurance

            

    

     

    
      	 	
              22.1

            	
              Comprehensive
                General Liability

            

    

     

    The
      Seller shall furnish and maintain Comprehensive General Liability insurance
      with
      limits of not less than $1,000,000 per occurrence for bodily injury or death,
      and $1,000,000 per occurrence property damage plus Contractual Liability
      coverage.

     

    
      	 	
              22.2

            	
              Automobile
                Liability

            

    

     

    The
      Seller shall furnish and maintain automobile liability insurance with limits
      of
      not less than $1,000,000 for each person, $1,000,000 for each occurrence and
      $1,000,000 for property damages.

     

    
      	 	
              22.3

            	
              Worker’s
                Compensation

            

    

     

    The
      Seller will comply with all federal and state workers compensation or similar
      laws that might impose any charge or liability on the Purchaser in connection
      with this Contract.

     

    
      	 	
              22.4

            	
              Certificates
                of Insurance

            

    

     

    Upon
      written request by the Purchaser, the Seller shall furnish the Purchaser with
      certificates of insurance evidencing that insurance has been provided to meet
      the above requirements. Such certificates shall state that no material change
      or
      cancellation can be effected without thirty (30) days prior written notice
      to
      the Purchaser.

     

    
      	 	
              22.5

            	
              Purchaser’s
                Insurance

            

    

     

    The
      Seller shall be included as an additional insured on the Purchaser’s or Owner’s
      All Risk/Builder's Risk Insurance Policy, which will include a waiver of rights
      of subrogation against the Seller. The deductible under this policy shall be
      for
      Purchaser’s account.

     

    
      	
              Article
                23

            	
              Termination
                for Cause; Suspension

            

    

     

    
      	 	
              23.1

            	
              Grounds
                for Termination by Purchaser

            

    

     

    The
      Purchaser shall have the right to terminate this Contract for cause in the
      event
      that the Seller:

     

    
      	 	
              (i)

            	
              Becomes
                insolvent, makes an assignment for the benefit of its creditors,
                has a
                receiver or trustee appointed for the benefit of its creditors, or
                files
                for protection from creditors under any bankruptcy or insolvency
                laws;
                or

            

    

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          24

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA Rev Dec. 5, 2005

        

      

      
        
           

          Contract
            For U.S. Based Sale of Equipment and Services

          
            

          

        

      

    

     

    
      	 	
              (ii)

            	
              Substantially
                breaches and fails to comply or perform its material obligations
                hereunder
                (but only with respect to a material obligation for which this Contract
                does not provide exclusive remedies), provided
                that:

            

    

     

    
      	 	
              (a.)

            	
              The
                Purchaser shall first have provided the Seller with written notice
                of the
                nature of such breach and of the Purchaser’s intention to terminate the
                Contract as a result of such breach,
                and

            

    

     

    
      	 	
              (b.)

            	
              The
                Seller shall have failed within thirty (30) days after receipt of
                such
                notice (or such extended period as is considered reasonable by the
                Parties) either

            

    

     

    
      	 	
              i.

            	
              To
                commence to cure such breach and diligently thereafter to pursue
                such
                cure, or

            

    

     

    
      	 	
              ii.

            	
              To
                provide reasonable evidence that no such breach has
                occurred.

            

    

     

    
      	 	
              23.2

            	
              Remedy
                in the Event of Termination by
                Purchaser

            

    

     

    If
      the
      Purchaser terminates this Contract as provided above, the Purchaser shall pay
      the Seller that portion of the Contract Price allocable to the Equipment title
      transferred or Services performed prior to the termination notice. If the
      payments received by the Seller as of the date of such termination are in excess
      of such portion of the Contract Price, the Seller shall return the excess of
      such payments to the Purchaser. To the extent that Purchaser has paid for
      Equipment that has not yet been title transferred to Purchaser as of the date
      of
      the termination notice, Purchaser may elect to either:

     

    
      	 	
              (i.)

            	
              Continue
                to receive delivery of the Equipment upon full and complete payment
                for
                the Equipment or

            

    

     

    
      	 	
              (ii.)

            	
              Forego
                delivery and title transfer of the Equipment in exchange for a refund
                of
                the portion of the Contract Price allocable to the Equipment that
                has not
                been title transferred to Purchaser (in which case Seller shall retain
                title to such Equipment).

            

    

     

    
      	 	
              23.3

            	
              Suspension
                by Purchaser

            

    

     

    It
      is
      expressly agreed that the Purchaser shall have no right to suspend manufacture
      of the Equipment except to the extent that Purchaser elects to exercise its
      rights hereunder to terminate this Contract for convenience or Seller
      default.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            25

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    
      	 	
              23.4

            	
              Grounds
                for Termination by Seller

            

    

     

    The
      Seller shall have the right to terminate this Contract for cause in the event
      that the Purchaser:

     

    
      	 	
              (i)

            	
              Becomes
                insolvent, makes an assignment for the benefit of its creditors,
                has a
                receiver or trustee appointed for the benefit of its creditors, or
                files
                for protection from creditors under any bankruptcy or insolvency
                laws;
                or

            

    

     

    
      	 	
              (ii)

            	
              Fails
                to make any payment when due or to fulfill any payment conditions
                as set
                forth in the Contract, provided
                that:

            

    

     

    
      	 	
              (a.)

            	
              The
                Seller shall first have provided the Purchaser with written notice
                of the
                nature of such failure and of the Seller’s intention to terminate the
                Contract as a result of such failure,
                and

            

    

     

    
      	 	
              (b.)

            	
              The
                Purchaser shall have failed within thirty days after receipt of such
                notice to correct such failure. 

            

    

     

    
      	 	
              23.5

            	
              Remedy
                in the Event of Termination by
                Seller

            

    

     

    If
      the
      Seller terminates this Contract as provided above, the Purchaser shall pay
      to
      the Seller the charges set forth in the Termination Schedule.

     

    
      	 	
              23.6

            	
              Suspension
                by Seller

            

    

     

    The
      Seller shall have the right to suspend all work on the Equipment or Services
      immediately upon the failure of the Purchaser to make any payment when due.
      The
      Seller shall further have the right to suspend any shipment of the Equipment
      if
      all payments due prior to the applicable Scheduled RTS Date have not been made.
      Any cost incurred by the Seller in accordance with any such suspension
      (including storage costs) shall be payable by the Purchaser upon submission
      of
      the Seller’s invoice(s). Performance of the Seller’s obligations shall be
      extended for a period of time reasonably necessary to overcome the effects
      of
      such suspension, except that Seller’s suspension shall not be deemed to extend
      the Warranty Period hereunder.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            26

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	
              Article
                24

            	
              Limitation
                of Liability

            

    

     

    
      	 	
              24.1

            	
              Limitation

            

    

     

    The
      total
      liability of the Seller, on all claims of any kind, whether in contract,
      warranty, indemnity, tort (including negligence), strict liability, or
      otherwise, arising out of the performance or breach of the Contract or use
      of
      any Equipment shall not exceed the portion of the Contract Price allocable
      to
      the portion of the Equipment giving rise to the claim. All liability under
      this
      Contract shall terminate two (2) years after the Notice of RTS for the last
      Unit
      giving rise to the claim.

     

    
      	 	
              24.2

            	
              Exclusion
                of Consequential Damages

            

    

     

    In
      no
      event, whether as a result of breach of contract, warranty, indemnity, tort
      (including negligence), strict liability, or otherwise, shall the Seller or
      its
      Subcontractors or Suppliers be liable for loss of profit or revenues, loss
      of
      use of the Equipment or any associated equipment, cost of capital, cost of
      substitute equipment, facilities, services or replacement power, downtime costs,
      fines or penalties charged to Purchaser for failure to meet permits, claims
      of
      the Purchaser’s and/or Owner’s customers for such damages, or for any special,
      consequential, incidental, indirect or exemplary damages and the Purchaser
      shall
      indemnify the Seller against such claims of the Purchaser’s and/or Owner’s
      customers.

     

    
      	 	
              24.3

            	
              Subsequent
                Purchasers

            

    

     

    The
      Purchaser covenants and agrees that, in the event it seeks to transfer or assign
      the Equipment and Services to any other third party, it shall, as a condition
      to
      such transfer or assignment, cause such third party to acknowledge and accept
      the restrictions and limitations afforded under this Contract for the benefit
      of
      the Seller and its Subcontractors and Suppliers, including the provisions of
      this Article. If the Purchaser fails to obtain acknowledgement from the
      subsequent purchasers, the Purchaser shall indemnify, defend and hold the Seller
      harmless from and against any and all claims in excess of these restrictions
      and
      limitations made by any subsequent purchasers of the Equipment or Services
      against the Seller for loss or damage arising out of the performance or
      non-performance of the Equipment or Services provided under this
      Contract.

     

    
      	 	
              24.4

            	
              Gratuitous
                Advice

            

    

     

    If
      the
      Seller furnishes the Purchaser with advice or assistance concerning any
      products, systems or work which is not required pursuant to this Contract,
      the
      furnishing of such advice or assistance will not subject the Seller to any
      liability, whether in contract, warranty, indemnity, tort (including
      negligence), strict liability or otherwise.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            27

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              24.5

            	
              “Seller”
                Defined

            

    

     

    For
      the
      purposes of this Article, the term "Seller" shall mean the Seller, its
      Affiliates, Subcontractors and Suppliers of any tier, and their respective
      agents and employees, whether individually or collectively.

     

    
      	 	
              24.6

            	
              Limitations
                to Prevail

            

    

     

    The
      provisions of this Article shall prevail over any conflicting or inconsistent
      provisions contained in any of the documents comprising this Contract, except
      to
      the extent that such provisions further restrict the Seller's
      liability.

     

    
      	
              Article
                25

            	
              Proprietary
                Information

            

    

     

    
      	 	
              25.1

            	
              Confidentiality

            

    

     

    At
      the
      time of furnishing confidential or proprietary information, the Parties shall
      expressly designate by label, stamp, or other written communication that the
      information or documentation furnished is confidential. The receiving Party
      agrees:

     

    
      	 	
              (i.)

            	
              To
                treat such information as
                confidential,

            

    

     

    
      	 	
              (ii.)

            	
              To
                restrict the use of such information to matters relating to performance
                of
                the Contract, and

            

    

     

    
      	 	
              (iii.)

            	
              To
                restrict access to such information to its employees whose access
                is
                necessary in the implementation of the
                Contract.

            

    

     

    The
      receiving Party may release confidential Information to its agents, consultants
      and Affiliates (“Representatives”), provided that these
      Representatives:

     

    
      	 	
              (i.)

            	
              Are
                informed of the confidential and proprietary nature of the confidential
                information and agree to be bound by the same standard of care as
                the
                receiving Party,

            

    

     

    
      	 	
              (ii.)

            	
              Have
                a need to know the confidential
                information,

            

    

     

    
      	 	
              (iii.)

            	
              Limit
                their use of the confidential information solely to purposes related
                to
                the Project and

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            28

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              (iv.)

            	
              Are
                not competitors of Seller.

            

    

     

    Confidential
      information will not be reproduced without the other Party’s prior written
      consent, and all copies of written information will be returned upon request
      except to the extent that such information is to be retained by the receiving
      Party pursuant to the Contract.

     

    
      	 	
              25.2

            	
              Exclusions

            

    

     

    The
      foregoing restrictions do not apply to information which is:

     

    
      	 	
              (i.)

            	
              Contained
                in a printed publication which was released to the public by the
                disclosing Party prior to the date of the
                Contract;

            

    

     

    
      	 	
              (ii.)

            	
              Or
                becomes, publicly known otherwise than through a wrongful act of
                the
                receiving Party, its employees, or
                agents;

            

    

     

    
      	 	
              (iii.)

            	
              In
                possession of the receiving Party, its employees, or agents prior
                to
                receipt from the disclosing Party, provided that the person or persons
                providing the same have not had access to the
                information;

            

    

     

    
      	 	
              (iv.)

            	
              Furnished
                to others by the disclosing Party without restrictions similar to
                those
                herein on the right of the receiving party to use or
                disclose;

            

    

     

    
      	 	
              (v.)

            	
              Approved
                in writing by the disclosing Party for disclosure by the receiving
                Party,
                its agents or employees to a third party
                or

            

    

     

    
      	 	
              (vi.)

            	
              Provided
                to Purchaser’s financing party under notice and requirement of
                confidentiality.

            

    

     

    Upon
      receipt of a demand or request for the disclosure of confidential information,
      the receiving Party shall promptly notify the other Party and afford the Party
      an opportunity to seek a protective order or other appropriate form of security
      or remedy. In the event that the Parties fail to obtain a protective order
      or
      similar protection, the Party receiving the demand or request for disclosure
      of
      confidential information shall furnish only that portion of the confidential
      information that is legally required to be furnished and will exercise
      reasonable efforts to obtain reliable assurance that confidential treatment
      will
      be afforded the confidential information.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            29

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	
              Article
                26

            	
              Assignment
                and Change in Control

            

    

     

    
      	 	
              26.1

            	
              Eligible
                Assignees

            

    

     

    An
      Eligible Assignee is an:

     

    
      	 	
              (i.)

            	
              Affiliate
                of the Purchaser, or

            

    

     

    
      	 	
              (ii.)

            	
              Engineering
                or construction contractor under contract with the Purchaser for
                the
                installation of the Equipment, provided that the Eligible Assignee
                offers
                Purchaser satisfactory evidence of its ability (both financial and
                otherwise) to fulfill the obligations of Purchaser
                hereunder.

            

    

     

    
      	 	
              26.2

            	
              Purchaser’s
                Right to Assign to Eligible
                Assignees

            

    

     

    The
      Purchaser may once assign its rights and delegate its obligations under this
      Contract to an Eligible Assignee, provided that:

     

    
      	 	
              (i)

            	
              The
                Purchaser shall notify the Seller of its intent to assign no less
                than ten
                business days prior to the execution of any such
                assignment;

            

    

     

    
      	 	
              (ii)

            	
              The
                Purchaser shall either:

            

    

     

    
      	 	
              (a.)

            	
              Guarantee
                the obligations of the assignee by executing a guaranty in a form
                acceptable to Seller or

            

    

     

    
      	 	
              (b.)

            	
              Retain
                its obligations under any payment, indemnity and bonus provisions
                of the
                Contract;

            

    

     

    
      	 	
              (iii)

            	
              The
                first assignee may not further assign or delegate any rights or
                obligations hereunder except to the original Purchaser;
                and

            

    

     

    
      	 	
              (iv)

            	
              The
                Purchaser shall in no event assign to its engineering or construction
                contractor the right to receive liquidated damages under this
                Contract.

            

    

     

    
      	 	
              26.3

            	
              Collateral
                Assignment

            

    

     

    The
      Purchaser may also assign a collateral interest in the Contract to a lender
      who
      is not an Eligible Assignee as collateral security for a loan for the
      acquisition of the Equipment, provided however, that Purchaser and Lender agree
      that any future assignment to the Lender shall occur only as the result of
      the
      exercise by Lender of its remedies under the loan agreements relative to a
      bankruptcy or liquidation of Purchaser. Under no circumstances, however, shall
      a
      collateral assignment require Seller to deliver Equipment to Purchaser or an
      assignee if Seller has not been fully paid for such Equipment.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            30

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              26.4

            	
              All
                Other Assignments and Transfers by
                Purchaser

            

    

     

    All
      other
      assignments or transfers by Purchaser of any or all of its duties or rights
      under this Contract (by operation of law or otherwise) are subject to Seller’s
      prior written consent. Further, Purchaser agrees that, until Purchaser receives
      title to the Equipment as set forth herein, Purchaser shall not, directly or
      indirectly sell, offer to sell or otherwise broker the Equipment.

     

    
      	 	
              26.5

            	
              Seller’s
                Right to Assign

            

    

     

    The
      Seller may assign its rights and delegate its obligations under this Contract
      to
      any Affiliate or subsidiary company. Seller may assign its rights and
      obligations to other parties with the prior written consent of
      Purchaser.

     

    
      	 	
              26.6

            	
              Conditions

            

    

     

    Any
      assignment shall be subject to all limitations of liability contained in the
      Contract. The Purchaser may not assign this Contract except in accordance with
      this Article. Any purported assignment not in accordance with this Article
      shall
      be void and without effect.

     

    
      	 	
              26.7

            	
              Change
                in Control of Purchaser

            

    

     

    If
      the
      Seller believes that a change in the ownership or control of the Purchaser
      prejudices the Seller’s ability to enforce its rights under this Contract, the
      Purchaser shall furnish such additional security as the Seller shall reasonably
      require.

     

    
      	
              Article
                27

            	
              Dispute
                Resolution

            

    

     

    
      	 	
              27.1

            	
              Referral
                to Senior Management

            

    

     

    Any
      and
      all controversies, disputes or differences between the Parties to this Contract,
      if not amicably settled by the Parties with thirty (30) days following written
      notice of dispute, shall be referred to senior management of the Parties for
      resolution. In the event the dispute has not been resolved within forty-five
      (45) days following referral to senior management, or such longer period as
      the
      Parties may mutually agree, then either Party may, upon ten (10) days notice
      to
      the other party, institute arbitration in accordance with the following
      paragraphs.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            31

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              27.2

            	
              Arbitration

            

    

     

    Any
      and
      all controversies, disputes or differences between the Parties to this Contract,
      if not resolved by referral to Senior Management, shall be resolved by
      arbitration pursuant to the Rules of the Center for Public Resources ("CPR")
      for
      Non-Administered Arbitration of Business Disputes as in effect at the time
      of
      the arbitration. The parties consent to a single, consolidated arbitration
      for
      all Disputes for which arbitration is permitted. The neutral organization for
      purposes of the CPR rules will be the CPR. The arbitral tribunal shall be
      composed of one arbitrator selected by agreement of the parties or, in the
      absence of such agreement within 60 days after either party first proposes
      an
      arbitrator, by the CPR. The arbitration shall be conducted in Houston. Both
      Parties shall have the right to present documentary evidence and witnesses
      and
      the right to cross-examine witnesses. On request of either Party, a transcript
      of the hearings shall be prepared and made available to the Parties. The
      arbitrators shall determine the Dispute in accordance with the Governing Law
      without giving effect to any conflict of law rules or other rules that might
      render such law inapplicable or unavailable, and shall apply this Agreement
      according to its terms. While recognizing that the Rules of the CPR govern
      any
      arbitration hereunder, the parties hereby specifically authorize the arbitrator
      to grant dispositive or partially dispositive motions where such relief would
      be
      warranted under the Federal Rules of Civil Procedure, and such relief should
      be
      granted where appropriate. The arbitrators shall not, however, have the power
      to:

     

    
      	 	
              (i.)

            	
              Impose
                obligations involving the limitations of liability or applicable
                remedies
                other than those set forth in and permitted by this
                Contract;

            

    

     

    
      	 	
              (ii.)

            	
              Award
                any damages excluded by Article 24.2
                of
                this Contract or

            

    

     

    
      	 	
              (iii.)

            	
              Otherwise
                award damages inconsistent with the terms of the
                contract.

            

    

     

    The
      Arbitrators shall be instructed to provide a detailed written opinion, in the
      English language, setting forth the basis for each of their findings. Reasonable
      expenses of the arbitration shall be borne in accordance with the decision
      of
      the arbitration.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            32

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

         

      

    

    The
      written decision of the arbitrators shall be final and binding upon both
      Parties. In the context of an attempt by either party to enforce an arbitral
      award or order, any defenses relating to the parties' capacity or the validity
      of this Agreement or any related agreement under any law are hereby waived;
      and
      judgment on any award or order resulting from an arbitration conducted under
      this paragraph may be entered and enforced in any court, in any country, having
      jurisdiction thereof or having jurisdiction over any of the parties or any
      of
      their assets. Except as expressly permitted by this Agreement, no party will
      commence or voluntarily participate in any court action or proceeding concerning
      a Dispute, except:

     

    
      	 	
              (i.)

            	
              For
                enforcement of an arbitral award,
                or

            

    

     

    
      	 	
              (ii.)

            	
              To
                restrict or vacate an arbitral decision based on the grounds specified
                under applicable law and not waived
                above.

            

    

     

    Article
      28      Governing
      Law

     

    This
      Contract shall be construed and interpreted in accordance with the laws of
      the
      State of New York, excluding its conflict of law rules (the “Governing Law of
      the Contract”), provided that any provision of such law invalidating any
      provision of this Contract or modifying the intent of the Parties as expressed
      in the terms of this Contract shall not apply.

     

    
      	
              Article
                29

            	
              Software
                License

            

    

     

    
      	 	
              29.1

            	
              Grant
                of License

            

    

     

    Purchaser
      is granted a limited license for any Software within the Scope of Supply. All
      Software is protected by the copyright laws of the United States and by
      applicable international treaties. No rights under copyrights are transferred
      to
      Purchaser, except as specifically provided herein. All Software provided by
      Seller remains Seller’s property. If Purchaser receives Software that renders
      Software that Purchaser then has redundant, Purchaser must return the redundant
      Software to Seller or certify in writing that Purchaser has erased all copies
      of
      it. This license allows Purchaser to:

     

    
      	 	
              (i.)

            	
              Use
                the Software only on the Equipment on which it is installed at the
                time of
                delivery or, if Software is supplied separately, in connection with
                Equipment supplied by Seller. Purchaser must obtain a supplementary
                license from Seller (which Seller may or may not grant in its sole
                discretion) before using the Software in connection with any other
                equipment or for any other purpose.

            

    

     

    
      	 	
              (ii.)

            	
              Make
                one copy of the Software in machine-readable form solely for backup
                purposes. Purchaser must reproduce on each copy the copyright notice
                and
                any other proprietary legends that were on the original
                copy.

            

    

     

    
      	 	
              (iii.)

            	
              Transfer
                the Software and all rights under this license to another party as
                part of
                the sale of the Equipment with which it is used, but only if the
                other
                Party agrees in writing to be bound by the terms of this Article
                and the
                other provisions of the Contract.

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            33

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	 	
              29.2

            	
              Distribution
                and Derivative Works

            

    

     

    Purchaser
      may not distribute copies of the Software to others or electronically transfer
      the Software from one computer to another over a network. The Software contains
      trade secrets. In order to protect them Purchaser may not decompile, reverse
      engineer, disassemble, or otherwise reduce the Software to a human-perceivable
      form. PURCHASER MAY NOT MODIFY, ADAPT, TRANSLATE, RENT, LEASE, LOAN, RESELL
      FOR
      PROFIT, DISTRIBUTE, NETWORK, OR CREATE DERIVATIVE WORKS BASED UPON THE SOFTWARE
      OR ANY PART THEREOF.

     

    
      	 	
              29.3

            	
              Upgrades

            

    

     

    Nothing
      herein shall be deemed to create an obligation on the part of Seller to provide
      any upgrade or revision to any Software other than pursuant to a specific
      written obligation to do so.

     

    
      	
              Article
                30

            	
              Contract
                Documents

            

    

     

    The
      following documents shall comprise the Contract, and shall together be referred
      to as the “Contract”:

     

    
      	
              (i.)

            	
              This
                Contract, and

            

    

     

    
      	
              (ii.)

            	
              The
                enumerated Appendices hereto (all of which shall be incorporated
                herein by
                this reference)

            

    

     

    
      	
              Article
                31

            	
              Effective
                Date

            

    

     

    The
      Effective Date of this Contract shall be the last to occur of the:

     

    
      	
              (i.)

            	
              Date
                when it has been signed by both Parties
                and

            

    

     

    
      	
              (ii.)

            	
              Last
                date when any other conditions to effectiveness set forth in Attachment
                3
                have been met.

            

    

     

    Notice
      to
      Proceed shall be deemed to have been given by Purchaser to Seller upon Seller’s
      receipt of the first payment listed on Attachment
      3.

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            34

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	
              Article
                32

            	
              Entire
                Agreement

            

    

     

    This
      Contract represents the entire agreement between the Parties and no
      modification, amendment, rescission, waiver or other change shall be binding
      on
      either Party unless assented to in writing by the Party’s authorized
      representative. This Contract supersedes all previous written or verbal
      agreements regarding the Project, including any previous proposal,
      Agreement-in-Principle or Memorandum of Understanding. Any oral or written
      representation, warranty, course of dealing or trade usage not contained or
      referenced herein shall not be binding on either Party. Each Party agrees that
      it has not relied on, or been induced by, any representations of the other
      Party
      not contained in this Contract.

     

    
      	
              Article
                33

            	
              Miscellaneous
                Provisions

            

    

     

    
      	 	
              33.1

            	
              Third-Party
                Beneficiaries

            

    

     

    Except
      as
      provided in the Article
      24,
      these
      provisions are for the benefit of the Parties hereto and not for any other
      third
      party.

     

    
      	 	
              33.2

            	
              Export
                Control

            

    

     

    All
      sales
      hereunder of U.S.-origin goods and related technical data (including software)
      shall at all times be subject to the export control laws and regulations of
      the
      U.S. Government and any amendments thereof. The Purchaser agrees that it shall
      not make any disposition by way of transshipment, export, diversion or
      otherwise, except as said laws and regulations may expressly permit, of
      U.S.-origin goods and related technical data (including software) supplied
      by
      the Seller.

     

    
      	 	
              33.3

            	
              Survival

            

    

     

    The
      Articles with the following titles shall survive termination of this Contract:
      Taxes, Warranty, Patents, General Indemnity, Limitation of Liability,
      Proprietary Information and Miscellaneous Provisions.

     

    
      	 	
              33.4

            	
              Non-Waiver

            

    

     

    Waiver
      by
      either Party of any right under this Contract shall not be deemed a waiver
      by
      such Party of any other right hereunder.

     

    
      	 	
              33.5

            	
              Invalidity

            

    

     

    The
      invalidity in whole or in part of any part of this Contract shall not affect
      the
      validity of the remainder of the Contract.

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          35

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA Rev Dec. 5, 2005

        

      

      
        
           

          Contract
            For U.S. Based Sale of Equipment and Services

          
            

          

           

        

      

    

     

     

    
      	 	
              33.6

            	
              No
                Nuclear Use

            

    

     

    The
      Equipment and Services sold hereunder are not intended for application (and
      shall not be used) in connection with any nuclear installation or activity
      and
      Purchaser warrants that it shall not use the Equipment and Services for such
      purposes, or permit others to use or permit others to use the Equipment or
      Services for any such purposes. If, in breach of the foregoing, any such use
      occurs, Seller shall have no liability for any nuclear or other damage, injury
      or contamination, and Purchaser shall indemnify Seller, its Affiliates and
      suppliers of every type and tier against any such liability, whether arising
      as
      a result of breach of contract, warranty, indemnity, tort (including
      negligence), strict liability or otherwise.

     

    
      	 	
              33.7

            	
              Changes
                and Improvements Beyond Scope

            

    

     

    It
      is
      understood that Seller has the right to make changes in product design and
      add
      improvements to products or services at any time without incurring any
      obligations to install the same on or in connection with the Equipment and
      Services provided hereunder.

     

    
      	 	
              33.8

            	
              Counterparts

            

    

     

    This
      Contract may be signed in any number of counterparts, each of which shall
      constitute one and the same instrument.

     

    
      
         
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            36

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
          

        

        Contract
          For U.S. Based Sale of Equipment and Services

        
          

        

         

      

    

     

     

    IN
      WITNESS WHEREOF
      the
      Parties have caused this document to be executed by their authorized
      representatives as of the Effective Date.

     

     

    

     

    
      	
              Seller

               

              GE
                PACKAGED POWER, INC.

            	
              Purchaser

               

              MMC
                ENERGY, INC.

            
	
              By:

            	
               

              /S/Andrew
                Morton

              (Signature)

               

              Andrew
                Morton

              (Printed
                Name)

               

              Regional
                Sales Manager

              (Title)

               

              January
                25, 2008

              (Date)

            	
              By:

            	
               

              /s/
                Denis Gagnon

              (Signature)

               

              Denis
                Gagnon

              (Printed
                Name)

               

              Chief
                Financial Officer

              (Title)

               

              January
                25, 2008

              (Date)

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            37

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

    Attachment
      1 
      Defined
      Terms

     

     

    The
      following defined terms will be used throughout this Contract:

     

    
      	
              a)

            	
              “Affiliate”
                shall mean any entity that directly or indirectly controls, is controlled
                by or is under common control with a Party. For the purposes of this
                definition, "control" means the possession, directly or indirectly,
                of the
                power to direct or cause the direction of the management and policies
                of
                the controlled entity, whether through the ownership of voting securities
                or partnership or other ownership interests or by contract or
                otherwise.

            

    

     

    
      	
              b)

            	
              “Ambient
                Site Conditions”
                shall have the meaning ascribed in Article 17.2.

            

    

     

    
      	
              c)

            	
              “Change
                in Laws”
                or shall mean a change to a Law, or a change in the interpretation
                or
                application of a Law by the cognizant executive or judicial authorities
                occurring after the date of Seller’s original proposal to Purchaser.
                

            

    

     

    
      	
              d)

            	
              “Change
                Order”
                shall mean a written agreement to change the Equipment or Services
                which
                describes the change, identifies the writing as a Change Order, sets
                out
                adjustments, if any, in the Contract Price or Unit Price(s) and any
                other
                provision of this Contract which is affected, and is signed by both
                Parties.

            

    

     

    
      	
              e)

            	
              “Codes
                and Standards”
                shall have the meaning ascribed in Article 17.2.

            

    

     

    
      	
              f)

            	
              “Contract
                Documents”
                shall have the meaning ascribed in Article
                30.

            

    

     

    
      	
              g)

            	
              “Contract
                Price”
                shall mean the total firm price as consideration for the Equipment
                and the
                Services, as set forth in Article
                3
                and as may be adjusted from time to time in accordance with this
                Contract.

            

    

     

    
      	
              h)

            	
              “Customer
                Collaboration System”
                shall have the meaning ascribed in Article 17.10.

            

    

     

    
      	
              i)

            	
              “Delivery”
                of the Equipment shall occur upon the event described in Article
                8.

            

    

     

    
      	
              j)

            	
              “Delivery
                Point”
                shall have the meaning ascribed in Article 7.3.

            

    

     

    
      	
              k)

            	
              “Effective
                Date”
                shall mean the date described in Article
                31.

            

    

     

    
      	
              l)

            	
              “Equipment”
                shall mean all of the equipment described in the “Equipment” portion of
                Attachment
                2.

            

    

     

    
      	
              m)

            	
              “Eligible
                Assignee”
                shall have the meaning ascribed in Article 26.1.

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            38

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	
              n)

            	
              “Federal
                Laws”
                shall have the meaning ascribed in Article 17.2.

            

    

     

    
      	
              o)

            	
              “Governing
                Law of the Contract”
                shall have the meaning ascribed in Article
                28.

            

    

     

    
      	
              p)

            	
              “Law”
                or “Laws”
                shall mean those laws, regulations, decrees or similar orders with
                mandatory effect issued by the legislative, judicial or executive
                branch
                of the relevant government, in effect as of the date of Seller’s original
                proposal to Purchaser, to the extent such laws, regulations, decrees
                or
                similar orders are applicable to the scope of this
                Contract.

            

    

     

    
      	
              q)

            	
              “Local
                Laws”
                shall be those local Laws that are (a) identified by Purchaser in
                Attachment
                2,
                (b) in effect as of the Notice to Proceed and (c) agreed to be
                incorporated into the manufacturing of the Unit(s) by Seller. If
                no Local
                Laws are set forth in Attachment
                2
                and agreed to by Seller, the manufacturing process shall not incorporate
                any consideration of Local Laws.

            

    

     

    
      	
              r)

            	
              “Major
                Components”
                shall have the meaning set forth in Article
                8.

            

    

     

    
      	
              s)

            	
              “Minimum
                Performance Criteria”
                shall mean 95% of the Performance Guarantee for output and 105% of
                the
                Performance Guarantee for heat
                rate.

            

    

     

    
      	
              t)

            	
              “Minor
                Components”
                shall have the meaning set forth in Article
                8.

            

    

     

    
      	
              u)

            	
              “Must
                Meet Remedy”
                is
                a one-time rather than continuing obligation on the part of Seller
                to
                repair or replace the Equipment so that the Equipment meets a designated
                performance criteria (e.g., the Minimum Performance Criteria). A
                Must Meet
                Remedy is offered in lieu of other remedies such as liquidated damages
                or
                warranty.

            

    

     

    
      	
              v)

            	
              “Notice
                of RTS”
                shall mean Seller’s notice of readiness to ship the Equipment, or relevant
                portion thereof, from the relevant factory or
                warehouse.

            

    

     

    
      	
              w)

            	
              “Notice
                to Proceed”
                shall have the meaning ascribed in Article
                31.

            

    

     

    
      	
              x)

            	
              “On-Site
                Services”
                are described in Attachment
                12.

            

    

     

    
      	
              y)

            	
              “Order
                Definition Meeting”
                shall
                mean a project kick-off meeting between the Seller's project execution
                team and the Purchaser's project
                team.

            

    

     

    
      	
              z)

            	
              “Options”
                shall have the meaning ascribed in Article
                4.

            

    

     

    
      	
              aa)

            	
              “Owner”
                shall mean that corporation, partnership, or individual which owns
                the
                facility in which the Equipment will be
                installed.

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            39

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	
              bb)

            	
              “Party”
                and "Parties”
                shall have the meanings ascribed in the foreword to this
                Contract.

            

    

     

    
      	
              cc)

            	
              “Payment
                Schedule”
                shall mean the schedule of payments attached to this Contract as
                Attachment
                3.

            

    

     

    
      	
              dd)

            	
              “Performance
                Guarantees”
                shall mean the guaranteed values identified in the Stamped Guarantee
                Sheet
                attached hereto as Attachment
                9.

            

    

     

    
      	
              ee)

            	
              “Project”
                shall mean Purchaser’s power generation
                project.

            

    

     

    
      	
              ff)

            	
              “Purchaser”
                shall mean the entity so identified in the foreword to this
                Contract.

            

    

     

    
      	
              gg)

            	
              “Scheduled
                RTS Date(s)”
                shall mean the date(s) by which Seller will provide Notice of RTS
                for the
                relevant Unit(s), as set forth in Attachment
                7
                hereto.

            

    

     

    
      	
              hh)

            	
              “Scope
                of Supply”
                shall mean the Equipment plus the Services, as set forth in Attachment
                2.

            

    

     

    
      	
              ii)

            	
              “Seller”
                shall mean the entity so identified in the foreword to this Contract.
                

            

    

     

    
      	
              jj)

            	
              “Services”
                shall mean all of the those services described in the “Services” portion
                of Attachment
                2.

            

    

     

    
      	
              kk)

            	
              “Site”
                shall mean the location of the Project and place where the Equipment
                will
                be installed, as indicated in the Recitals to this
                Contract.

            

    

     

    
      	
              ll)

            	
              “Site
                Requirements”
                shall have the meaning ascribed in Article
                17.

            

    

     

    
      	
              mm)

            	
              “Software”
                means a computer program or compilation of data that is fixed in
                any
                tangible medium of expression, or any storage medium from which the
                program may be perceived, reproduced or otherwise communicated, either
                directly or with the aid of a machine or device, and shall include
                without
                limitation any of Seller’s proprietary operating Software, provided for
                the ordinary operation of the Equipment, any optional Software to
                enhance
                the operation of the Equipment, as well as any upgrades or revisions
                of
                this material the Seller provides in fulfillment of a specific written
                commitment or otherwise.

            

    

     

    
      	
              nn)

            	
              “State
                Laws”
                shall be those state Laws that are (a) identified by Purchaser in
                Attachment
                2,
                (b) in effect as of the Notice to Proceed and (c) agreed to be
                incorporated into the manufacturing of the Unit(s) by Seller. If
                no State
                Laws are set forth in Attachment
                2
                and agreed to by Seller, the manufacturing process shall not incorporate
                any consideration of State Laws.

            

    

     

    
      
        
          
            MMC
              Energy/ Chula Vista / Revision 6 / 25 January
              2008

          

        

        
          Page
            40

          
            

            GE
              AEPU.S. Contract Form Rev. 1 (February 10, 2003)
              ; JEA Rev Dec. 5, 2005

          

        

        
          
             

            Contract
              For U.S. Based Sale of Equipment and Services

            
              

            

             

          

        

      

    

     

    
      	
              oo)

            	
              “Subcontractor(s)”
                shall mean any corporation, partnership, or individual having a contract
                with the Seller to supply labor or other services to be performed
                at the
                Site in connection with this
                Contract.

            

    

     

    
      	
              pp)

            	
              “Supplier(s)”
                shall mean any corporation, partnership, or individual having a contract
                with the Seller to supply material, equipment, labor, goods, or services
                to the Seller in connection with its obligations under this Contract,
                other than contracts labor or other services to be performed at the
                Site.

            

    

     

    
      	
              qq)

            	
              “Termination
                Schedule”
                shall mean the schedule of termination charges attached to this Contract
                as Attachment
                5.

            

    

     

    
      	
              rr)

            	
              “Training
                Services”
                are described in Attachment
                13.

            

    

     

    
      	
              ss)

            	
              “Unit”
                shall mean a single gas turbine and its associated generator, together
                with those accessories associated only with that gas
                turbine.

            

    

     

    
      	
              tt)

            	
              “Unit
                Price”
                shall have the meaning ascribed in Article
                3.

            

    

     

    
      	
              uu)

            	
              “Warranty
                Period”
                shall have the meaning ascribed in Article
                13.

            

    

     

     

    
      
        
          MMC
            Energy/ Chula Vista / Revision 6 / 25 January
            2008

        

      

      
        Page
          41

        
          

          GE
            AEPU.S. Contract Form Rev. 1 (February 10, 2003)
            ; JEA Rev Dec. 5, 2005Unassociated Document

    MMC
      Energy, Inc.

    26
      Broadway, Suite 960

    New
      York, New York 10004

    

    February
      7, 2008

    

    Karl
      W.
      Miller

    411
      Bradley Creek Point Road

    Wilmington,
      North Carolina 28403

    

    Re: Separation
      Agreement

    

    Dear
      Karl:

     

    This
      will
      confirm the agreement (the “Agreement”) that has been reached with you in
      connection with your separation of employment from MMC
      Energy, Inc. (the “Company”). 

     

    
      	1.	
              Your
                last day of employment with the Company was December
                18, 2007. You and the Company agree that your duties as Chief Executive
                Officer ceased upon the Board of Directors of the Company removing
                you
                from such position on December 9, 2007, and that after December 18,
                2007,
                you no longer served as an officer of the Company, or any of its
                subsidiaries, divisions, joint ventures or other affiliates. Moreover,
                you
                hereby confirm your resignations from any and all of your positions
                as a
                director of the Company, and any of its subsidiaries, divisions,
                joint
                ventures or other affiliates, effective as of the Payment Date (as
                defined
                in Paragraph 2 below), and
                agree that (a) you shall take such further actions as requested by
                the
                Company to effectuate the foregoing, and (b) such resignation was
                not
                because of a disagreement with the Company on any matter relating
                to the
                Company’s operations, policies or
                practices.

            

    

     

    
      	2.	
              (a)
                In consideration of your obligations set forth in this Agreement,
                including, but not limited to your consent to the General Release
                set
                forth in paragraph 8 below, the Company hereby agrees to pay you
                (i) One
                Million One Hundred Thousand dollars ($1,100,000) (gross)
                and (ii) Twenty One Thousand, Seven Hundred Sixty-Two dollars ($21,762)
                (gross), less all applicable federal, state and local withholding
                taxes
                and deductions (collectively, the "Severance Payment"), which amount
                shall
                be paid in a lump sum, pursuant to wire transfer instructions designated
                by you, no later than five (5) business days following the Effective
                Date
                of this Agreement (as defined in paragraph 13 below) (the "Payment
                Date").

            

    

    
       

      
        	 	
                (b)
                  In further consideration of your obligations set forth in this
                  Agreement,
                  in the event that you elect to receive continuation coverage in
                  the
                  Company's medical plan pursuant to the provisions of the Consolidated
                  Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"),
                  the
                  Company agrees to pay for the cost of such continuation coverage
                  for
                  eighteen (18) months. COBRA continuation coverage shall in all
                  respects be
                  subject to the requirements, conditions and limitations of COBRA
                  and of
                  the medical plan of the Company, which may be amended from time
                  to time.
                  You have notified the Company of your intention to elect COBRA
                  continuation coverage and will sign such paperwork as is necessary
to
                  effectuate same.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

    

    
      	
              3.

            	
              You
                acknowledge that the Severance Payment is in lieu of and in full
                satisfaction of any amounts that might otherwise be payable under
                any
                contract, plan, policy or practice, past or present, of the Company,
                or
                any of its subsidiaries and affiliates, including but not limited
                to your
                employment agreement of May 2006 (the "Employment Agreement"). You
                shall
                not be eligible to receive benefits under any employee benefit plans
                or
                compensation arrangements of the Company, or any of its subsidiaries
                or
                affiliates, subsequent to December 18, 2007, with the exception of
                (a)
                your right to elect COBRA continuation coverage, and (b) any vested
                benefits you may have in the Company's 401(k) plan as of December
                18, 2007
                (together with any accrued earnings in
                the 401(k) plan to
                date). For the avoidance of doubt, the Severance Payment shall not
                count
                towards your 401(k) contributions.

            

    

     

    
      	4.	
              In
                consideration of the premises and covenants set forth herein, and
                for
                other good and valuable consideration, the receipt and sufficiency
                of
                which are hereby acknowledged, you hereby assign, convey, or otherwise
                transfer to the Company, all rights, title, and interest in any and
                all
                Intellectual Property Rights, acquired, obtained, created or maintained
                in
                connection with your employment by or association with the Company,
                including, without limitation, Intellectual Property Rights obtained
                or
                created prior to formation of the Company and subsequently used by
                the
                Company. For the purpose of this Agreement, "Intellectual Property
                Rights"
                means: (1) any U.S. or foreign patents, utility models and industrial
                designs, and applications (whether provisional or otherwise) therefor
                of
                all countries of the world (including any and all divisions, requests
                for
                continued reexamination, continued prosecution applications,
                continuations-in-part, reissues, and re-examinations thereof); (2)
                any
                copyrights and copyrighted works of any country, whether registered
                or
                unregistered, including website content: (3) any U.S. or foreign
                trademarks, whether registered or unregistered, maskworks, trade
                dress,
                trade names, business names, service marks, brands, marks slogans,
                Internet domain names, including but not limited to the names MMC
                Energy,
                Inc. and MMC Energy, LLC, as well as
                other uses specifically directed to the use of the name MMC
                Energy (and all variations thereof), and the Internet domain names
                www.mmcenergy.com
                and www.mmcnorthamerica.com,
                icons, and logos, and registrations and applications therefor, including
                all common law rights and all goodwill associated with any of the
                foregoing; (4) any protectible or proprietary interest, whether registered
                or unregistered in know-how, trade secrets, database rights, invention
                disclosures and applications, software (including source and object
                code),
                operating manufacturing procedures, designs, specifications and the
                like;
                (5) any protectible or proprietary interest in any similar intangible
                asset of a technical, scientific or creative nature; and (6) any
                protectible or proprietary interests in or to any documents or other
                tangible media containing any of the foregoing. Upon the Company's
                request, you agree that you shall assist the Company or anyone it
                designates in filing patent, trademark or copyright applications
                worldwide
                relating to the Intellectual Property Rights. You are delivering
                herewith
                executed transfer documentation to cause the transfer to the Company,
                as
                of the Effective Date, of the domains www.mmcenergy.com
                and www.mmcnorthamerica.com
                and you further agree that you shall execute all papers and take
                all other
                actions necessary and advisable, in the Company's opinion, to file
                and
                prosecute such applications and to transfer to the Company all Internet
                domain names including but not limited to www.mmcenergy.com
                and www.mmcnorthamerica.com.
                You represent and warrant that you: (1) have the power and authority
                to
                assign, convey or otherwise transfer full and complete ownership
                of such
                Intellectual Property Rights to the Company, in accordance with this
                Agreement; and (2) have no obligations to any third party (whether
                by law
                or by contract) that could in any way prohibit or limit you from
                assigning, conveying or otherwise transferring full and complete
                ownership
                to the Intellectual Property Rights, provided
                that,
                to your knowledge, another entity currently uses the MMC Energy name
                in
                Europe (see http://www.mmcenergy-europe.com/ ), and you represent
                that you
                have no rights in connection with that entity’s use of the name MMC Energy
                and therefore cannot assign or convey any such rights in connection
                with
                that entity’s use of the name MMC
                Energy.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	5.	
              All
                documents (electronic, paper or otherwise), records (electronic,
                paper or
                otherwise), materials, software, equipment, and other physical property,
                and all copies of the foregoing, whether or not otherwise containing
                Confidential Information (as defined in Section 12 of the Employment
                Agreement), that have come into your possession or been produced
                by you in
                connection with your employment (“Property”), have been and remain the
                sole property of the Company or its subsidiaries or affiliates, as
                applicable. You agree that you have returned all such Property to
                the
                Company (or, to the extent that you have not, that you immediately
                will do
                so). Without limitation, pursuant to the foregoing paragraph you
                shall
                return any and all of the Company's computer back-up tapes and other
                storage devices (e.g., disk drives, flash drives, CD-Roms, DVD's,
                computer
                disks, etc.) within two business days after execution of this Agreement
                and shall not retain in your possession any copies, duplicates,
                reproduction or excerpts of the same. Notwithstanding the foregoing,
                the
                Company acknowledges that (i) you may retain the Dell laptop computer
                currently in your possession and the Dell desktop computer currently
                in
                your possession, and (ii) the Company agrees to send to you, and
                you may
                retain, any hard copies and electronic files in its possession relating
                to
                Newmarket Power Company and MMC Energy Fund, provided
                that
                the Company reserves the right to retain in its sole discretion any
                copies
                of the same.

            

    

     

    
      	6.	
              You
                agree to keep the terms of this Agreement confidential and not to
                disclose
                the Agreement or the terms thereof to any person, except (a) to your
                immediate family (including Joseph Hearne) and as may be required
                for
                obtaining legal or tax advice; (b) for the filing of income tax returns
                or
                required financial disclosures; (c) to a prospective employer from
                whom
                you are seeking subsequent employment; or (d) as may be required
                by law or
                in any proceeding to enforce this Agreement. In the case of any disclosure
                to immediate family or a legal or tax advisor, you shall require
                any
                person receiving such information to maintain its confidentiality.
                You
                acknowledge that the Company is a reporting company under the Securities
                Exchange Act of 1934 and will be required to make disclosure of the
                terms
                of this Agreement and/or file this agreement as an exhibit to its
                public
                filings.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	7.	
              You
                agree not to make, or knowingly cause to be made, any statement or
                communication, written or oral, with the intention of (a) disparaging
                or
                otherwise impugning the business or management of the Company or
                any of
                its subsidiaries or affiliates, or any of their respective officers,
                directors, agents, counsel, representatives or employees, or (b)
                interfering with, impairing or disrupting the normal operations of
                the
                Company or any of its subsidiaries or affiliates. The Company agrees
                that
                it will not knowingly permit its senior officers and directors to
                make, or
                knowingly cause to be made, any statement or communication, written
                or
                oral, with the intention of disparaging or otherwise impugning you,
                your
                business or your reputation and the Company shall advise its senior
                officers and directors of this
                obligation.

            

    

     

    
      	8.	
              (a)
                You, your heirs, successors, and assigns, hereby knowingly and voluntarily
                remise, release and forever discharge the Company and its subsidiaries
                and
                affiliates, together with all of their respective current and former
                officers, directors, partners, shareholders, employees, representatives,
                attorneys, agents, and each of their predecessors, successors and
                assigns,
                and any and all employee pension or welfare benefits plans of the
                Company,
                including current and former trustees and administrators of these
                plans,
                and each of their predecessors, successors and assigns (collectively,
                the
                "Releasees"), from any and all debts, demands, actions, causes of
                actions,
                accounts, covenants, contracts, agreements, claims, damages, omissions,
                promises, and any and all claims and liabilities whatsoever, of every
                name
                and nature, known or unknown, suspected or unsuspected, both in law
                and
                equity (“Claims”), which you ever had, now have, or may hereafter claim to
                have against the Releasees by reason of any matter, cause or thing
                whatsoever arising from the beginning of time to the time you sign
                this
                Agreement (the "General Release"). This General Release of Claims
                shall
                apply to any Claim of any type, including, without limitation, any
                and all
                Claims of any type that you may have arising under the common law,
                under
                Title VII of the Civil Rights Act of 1964, the Civil Rights Act of
                1991,
                the Age Discrimination in Employment Act of 1967, the Older Workers
                Benefit Protection Act, the Americans With Disabilities Act of 1990,
                the
                Family and Medical Leave Act of 1993, the Employee Retirement Income
                Security Act of 1974, the Sarbanes-Oxley Act of 2002, the Equal Pay
                Act,
                the Rehabilitation Act of 1973, the New York State and City Human
                Rights
                laws, and the New York Labor Law, each as amended, and any other
                federal,
                state or local statutes, regulations, ordinances or common law,
                or under any policy, agreement, contract, understanding or promise,
                written or oral, formal or informal, between any of the Releasees
                and you,
                including but not limited to the Employment Agreement, and shall
                further
                apply, without limitation, to any and all Claims in connection with,
                related to or arising out of your employment, or the termination
                of your
                employment, with the Company, and all Claims for alleged tortious,
                defamatory or fraudulent conduct; provided,
                however,
                that nothing contained in this Agreement shall (i) impair any vested
                benefits you may have in the Company's 401(k) plan as of December
                18, 2007
                (together with any accrued earnings in the 401(k) plan to
                date);
                or
                (ii) be construed to prohibit you from bringing appropriate proceedings
                to
                enforce this Agreement. You hereby represent and warrant that you
                have not
                filed or caused to be filed any complaints, charges or lawsuits against
                the Company or any of the Releasees, and that no such complaints,
                charges
                or lawsuits are pending. By signing this General Release, you further
                represent that you will not be entitled to any personal recovery
                in any
                action or proceeding that may be commenced on your behalf arising
                out of
                the matters released hereby. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        	 	
                
                  (b)
                    The Company, on behalf of itself and its subsidiaries, hereby
                    knowingly
                    and voluntarily remises, releases and forever discharges you,
                    your heirs,
                    successors and assigns, from any and all Claims, which it ever
                    had, now
                    has, or may hereafter claim to have against you by reason of
                    any matter,
                    cause or thing whatsoever arising from the beginning of time
                    to the time
                    you sign this Agreement, including, without limitation, any and
                    all Claims
                    of any type that it may have arising under any federal, state
                    or local
                    statutes, regulations, ordinances or common law, or under any
                    policy,
                    agreement, contract, understanding or promise, written or oral,
                    formal or
                    informal, between the Company or any of its subsidiaries and
                    you, and
                    shall further apply, without limitation, to any and all Claims
                    in
                    connection with, related to or arising out of your employment,
                    or the
                    termination of your employment, with the Company, and
                    all Claims for alleged tortious or defamatory conduct;
                    provided,
                    however,
                    that nothing contained in this Agreement (i) shall release you
                    from any
                    Claims for fraud, theft, embezzlement or intentional breach of
                    fiduciary
                    duty, or contribution action(s) in connection with any such Claims,
                    whether brought by the Company or any other entity or person;
                    or (ii) be
                    construed to prohibit the Company from bringing appropriate proceedings
                    to
                    enforce this Agreement. The Company acknowledges that it has
                    no present
                    intention to bring any Claims against you, including any Claims
                    of the
                    nature described in clause (i) above.

                

              

      

       

    

    
      	
              9.

            	
              You
                hereby represent and warrant that, with the exception of Louis Zehil
                of
                McGuireWoods LLP, former attorneys for the Company, you do not have
                knowledge of any illegal actions or omissions by any current or former
                officer, director, employee, agent, attorney, consultant or representative
                of the Company (including yourself) through the date of the execution
                of
                this Agreement that were (individually or collectively) in any way
                knowingly or intentionally improper, harmful or detrimental to the
                Company, its business and/or its shareholders, including, without
                limitation, violations of any laws, regulations or accounting policies
                or
                principles, the taking of unreasonable tax positions, or the furnishing
                of
                inaccurate statements, invoices or other reports to any person or
                entity.

            

    

     

    
      	10.	
              You
                agree to cooperate fully with the Company and its subsidiaries and
                affiliates concerning reasonable requests for information about the
                business of the Company or its subsidiaries or affiliates or your
                involvement and participation therein, and any information required
                to be
                disclosed in the Company’s public filings; the defense or prosecution of
                any claims or actions now in existence or which may be brought in
                the
                future against or on behalf of the Company or its subsidiaries or
                affiliates which relate to events or occurrences that transpired
                while you
                were employed by the Company; and in connection with any investigation
                or
                review by any federal, state or local regulatory, quasi-regulatory
                or
                self-governing authority (including, without limitation, the Securities
                and Exchange Commission) as any such investigation or review relates
                to
                events or occurrences relating to business matters or other work-related
                issues that transpired while you were employed by the Company, including
                but not limited to (i) the potential FERC filing against the CAISO
                in
                regards to the Company's ability to provide spinning reserve services,
                including providing a sworn affidavit as to your direct involvement
                in
                this matter, following up with Company's FERC counsel and, if required,
                testifying at FERC; and (ii) the Company's obligations pursuant to
                subpoenas issued in the action captioned Securities
                and Exchange Commission v. Zehil,
                et al., 07 Civ 1439 (LAP). Your full cooperation shall include, but
                not be
                limited to, being available to meet and speak with officers or employees
                of the Company and/or its counsel at reasonable times and locations,
                executing accurate and truthful documents and taking such other actions
                as
                may reasonably be requested by the Company and/or its counsel to
                effectuate the foregoing. The Company shall notify you in writing
                as
                promptly as practicable and at least ten (10) business days prior
                to the
                requested date of your consultation or providing documentation (or,
                if
                such notice is not possible under the circumstances, with as much
                prior
                notice as is possible). A copy of any such notification shall be
                sent to
                Chadbourne & Parke LLP, attention of Edward P. Smith, 30 Rockefeller
                Plaza, New York, NY 10112. The Company further agrees to reimburse
                you for
                any reasonable, out-of-pocket travel, hotel and meal expenses incurred
                in
                connection with your performance of obligations pursuant to this
                paragraph
                for which you have obtained prior, written approval from the Company;
                provided
                that
                if
                you have submitted a request for prior, written approval to the Company
                and the Company has not responded to such request, your obligations
                under
                this paragraph 10 relating to such reimbursement request will not
                be
                required to be performed unless and until you receive a response
                from the
                Company. In the event that you provide your services for a total
                of more
                than fifteen (15) days, the Company shall pay you for your services
                for
                each additional day in excess of fifteen (15) days an amount equal
                to the
                daily equivalent of your $225,000 per
                annum
                base salary in effect on your last day of employment, provided
                that
                you notify the Company in writing at such time as you believe that
                you
                have provided in excess of fifteen (15) days, and not to incur any
                additional time unless (i) approved in writing by the Company, or
                (ii) if
                compelled to by legal/administrative
                process.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	11.	
              Nothing
                in this Agreement is intended to or shall preclude you from providing
                truthful testimony on any non-privileged subject matter in response
                to a
                valid subpoena, court order, regulatory request or other judicial,
                administrative or legal process or otherwise as required by law,
                in which
                event you shall notify the Company in writing as promptly as practicable
                after receiving any such request of the anticipated testimony and
                at least
                ten (10) business days prior to providing such testimony (or, if
                such
                notice is not possible under the circumstances, with as much prior
                notice
                as is possible) so that the Company may seek a protective order or
                other
                appropriate remedy, and you agree to cooperate with the Company in
                any
                effort the Company undertakes to obtain a protective order or other
                remedy. If such a protective order or other remedy is not obtained,
                or the
                Company waives compliance with this Agreement, you shall furnish
                only that
                portion of such subject matter that is legally required and shall
                exercise
                all reasonable efforts to obtain reliable assurance that confidential
                treatment will be accorded to the subject matter to be
                disclosed.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	12.	
              The
                Company has advised you to consult with an attorney (including tax
                counsel) of your choosing prior to signing this Agreement, and you
                have
                availed yourself of such right. You understand and agree that you
                have the
                right and have been given the opportunity to review this Agreement
                and,
                specifically, the General Release in paragraph 8 above, with an attorney,
                and in this regard you have consulted with Chadbourne & Parke LLP in
                connection with your signature of this Agreement. You also understand
                and
                agree that the Company is under no obligation to offer you this Agreement
                and that you are under no obligation to consent to the General Release.
                You acknowledge and agree that the payment offered by the Company
                and set
                forth in paragraph 2 above and other consideration set forth in this
                Agreement is sufficient consideration to require you to abide with
                your
                obligations under this Agreement, including but not limited to the
                General
                Release. You represent that you have read this Agreement, including
                the
                General Release set forth in paragraph 8, and understand its terms
                and
                that you enter into this Agreement freely, voluntarily, and without
                coercion. The Company acknowledges and agrees that the resolution
                of the
                matters under the Employment Agreement and your obligations set forth
                in
                this Agreement are sufficient consideration to require the Company
                to
                abide by its obligations under this
                Agreement.

            

    

     

    
      	13.	
              You
                acknowledge and represent that you have been given at least twenty-one
                (21) days during which to review and consider the provisions of this
                Agreement and, specifically, the General Release set forth in paragraph
                8
                above, although you may sign and return it sooner if you so desire.
                You
                further acknowledge and represent that you have been advised by the
                Company that you have the right to revoke this Agreement for a period
                of
                seven (7) days after signing it. You acknowledge and agree that,
                if you
                wish to revoke this Agreement, you must do so in a writing, signed
                by you
                and received by the Company no later than 5:00 p.m. Eastern Time
                on the
                seventh (7th) day of the revocation period. If no such revocation
                occurs,
                the General Release and this Agreement shall become effective on
                the
                eighth (8th) day following your execution of this Agreement (the
                “Effective Date”). You further acknowledge and agree that, in the event
                that you revoke this Agreement, it shall have no force or effect,
                and you
                shall have no right to receive any of the payments or benefits provided
                for hereunder.

            

    

     

    
      	14.	
              The
                Company confirms and you acknowledge that you were granted options
                to
                purchase shares of the Company ("Options") pursuant to the Company's
                2006
                Stock Option Plan, as amended or restated from time to time (the
                "Option
                Plan"), and that this Agreement is not intended to enlarge, reduce,
                modify
                or otherwise alter any and all rights and/or obligations you may
                have with
                respect to the exercise of such Options in accordance with the terms
                and
                conditions of the Option Plan. The Company further confirms that
                your
                separation of employment shall be treated like a termination for
                "Good
                Reason" for purposes of Section 9(d)(iv)(B) of the Employment Agreement.
                To the extent permitted by law and applicable regulations, on the
                third
                month anniversary of the Payment Date, the Company shall cause to
                be
                removed the restrictive transfer legend on the following shares held
                by
                you: MMC Energy, Inc., Certificate #671, 25,000 shares; MMC Energy,
                Inc.,
                Certificate #585, 24,291 shares; MMC Energy, Inc., Certificate #640,
                461,534 shares.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	15.	
              It
                is the desire and intent of the parties that the provisions of this
                Agreement shall be enforced to the fullest extent permissible under
                the
                laws and public policies applied in each jurisdiction in which enforcement
                is sought. In the event that any one or more of the provisions of
                this
                Agreement shall be held to be invalid, illegal or unenforceable,
                the
                validity, legality and enforceability of the remaining provisions
                shall
                not in any way be affected or impaired thereby. Moreover, if any
                one or
                more of the provisions contained in this Agreement shall be held
                to be
                excessively broad as to duration, scope, activity or subject, such
                provisions shall be construed by limiting or reducing them so as
                to be
                enforceable to the maximum extent compatible with applicable
                law.

            

    

     

    
      	16.	
              No
                waiver by either party of any breach by the other party of any condition
                or provision of this Agreement to be performed by such other party
                shall
                be deemed a waiver of any other provision or condition at the time
                or at
                any prior or subsequent time. This Agreement and the provisions contained
                in it shall not be construed or interpreted for or against either
                party
                because that party drafted or caused that party's legal representative
                to
                draft any of its provisions.

            

    

     

    
      	17.	
              You
                and the Company shall enter into the Indemnity Agreement in the form
                attached as Exhibit A hereto, provided
                that
                the amount of directors and officers liability coverage for you shall
                not
                be less than $5,000,000.

            

    

     

    
      	18.	
              The
                terms described in this Agreement set forth the entire agreement
                and
                understanding of the parties and supersede all prior agreements,
                arrangements and understandings, written or oral, between the parties,
                including but not limited to the Employment Agreement, provided,
                however, that
                Sections 9(d)(iv)(B) (Termination of Service; Accelerated Vesting),
                12
                (Confidential Information), 13 (Non-Competition And Non-Solicitation),
                14
                (Dispute Resolution), 15 (Notice), 16 (Personal Guaranty) and 17
                (Miscellaneous) of the Employment Agreement shall not be superseded
                but
                rather shall remain in full force and effect as if restated
                herein. You
                acknowledge and agree that you are not relying on any representations
                or
                promises by any representative of the Company concerning the meaning
                or
                any aspect of this Agreement. This Agreement may not be altered or
                modified other than in writing signed by you and an authorized
                representative of the Company, and shall be governed by and construed
                and
                enforced in accordance with the laws of New York, without reference
                to its
                choice of law rules.

            

    

     

    
      	19.	
              The
                Company’s offer to you of this Agreement is not, and shall not be
                construed as, any admission
                of liability or of any improper conduct on the part of the Company
                or any of the Releasees, all of which the Company specifically
                denies.

            

    

     

    
      	20.	
              This
                Agreement may be executed in counterparts, each of which shall be
                deemed
                an original but all of which together shall constitute one and the
                same
                instrument.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    If
      the
      above sets forth our agreement as you understand it and consent to it, please
      so
      signify by executing the enclosed copy of this letter and return it to me at
      the
      address listed above.

     

    
      	 	 	 
	 	
              Very
                truly yours,

              MMC
                Energy, Inc.

            
	 
 	 
 	 
 
	 	/s/
              Denis
              Gagnon                   
              
	 	By:
              Denis Gagnon
	 	Title:
              Chief Financial Officer

    

     

     

    Agreed
      to
      and Accepted:

    

    /s/
      Karl W.
      Miller             

    Karl
      W.
      Miller

    Dated:
      2/7/08

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