EXHIBIT 10.1.10 AMENDMENT NO. 1 TO LOAN AGREEMENT DATED OCTOBER 1ST, 2003 BETWEEN ORMAT TECHNOLOGOES, INC. ("OTI") AND ORMAT INDUSTRIES LTD. ("OIL") WHEREAS Since the date of the Loan Agreement Lender has made additional advances under the agreement the Parties have agreed to amend the Loan Agreement effective as of June 30, 2004 as follows: 1. Schedule A is hereby replaced by Schedule A1 attached hereby. 2. Schedule B is hereby replaced by Schedule B1 attahced hereby. Other than the above, the original agreement remains in full force and effect. IN WITNESS THEREOF, the Parties hereto have signed this Amendment on September 20, 2004. ORMAT TECHNOLOGIES, INC. By: /s/ Connie Stechman -------------------------- Its: Vice President ------------------------- ORMAT INDUSTRIES LTD. By: /s/ Illegible -------------------------- Its: President ------------------------- 1 SCHEDULE A1 Advances to Ormat Technologies, Inc. By Ormat Industries Ltd. on: DATE LOAN AMOUNT 08.04.2003 12,000,000 16.4.2003 15,000,000 02.10.2003 5,000,000 30.11.2003 51,000,000 31.12.2003 43,339,468 23.01.2004 6,000,000 11.2.2004 10,847,532 TOTAL 143,187,000 2 SCHEDULE B1 - ----------------------------------------------------------------------------------- Date Aggregate Amount Advance # 1 Advance # 2 Advance # 3 - ----------------------------------------------------------------------------------- 2/28/05 7,000,000 2,400,000 3,000,000 1,000,000 - ----------------------------------------------------------------------------------- 12/31/05 15,046,750 - ----------------------------------------------------------------------------------- 2/28/06 7,000,000 2,400,000 3,000,000 1,000,000 - ----------------------------------------------------------------------------------- 6/5/06 9,600,000 - ----------------------------------------------------------------------------------- 12/31/06 15,046,750 - ----------------------------------------------------------------------------------- 2/28/07 7,000,000 2,400,000 3,000,000 1,000,000 - ----------------------------------------------------------------------------------- 6/5/07 9,600,000 - ----------------------------------------------------------------------------------- 12/31/07 15,046,750 - ----------------------------------------------------------------------------------- 2/28/08 7,000,000 2,400,000 3,000,000 1,000,000 - ----------------------------------------------------------------------------------- 6/5/08 9,600,000 - ----------------------------------------------------------------------------------- 12/31/08 15,046,750 - ----------------------------------------------------------------------------------- 2/28/09 7,000,000 2,400,000 3,000,000 1,000,000 - ----------------------------------------------------------------------------------- 6/5/09 9,600,000 - ----------------------------------------------------------------------------------- 6/5/10 9,600,000 - ----------------------------------------------------------------------------------- 143,187,000 12,000,000 15,000,000 5,000,000 - ----------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------- Date Advance # 4 Advance # 5 Advance # 6 Advance # 7 - ----------------------------------------------------------------------------------- 2/28/05 600,000 - ----------------------------------------------------------------------------------- 12/31/05 10,834,867 1,500,000 2,711,883 - ----------------------------------------------------------------------------------- 2/28/06 600,000 - ----------------------------------------------------------------------------------- 6/5/06 9,600,000 - ----------------------------------------------------------------------------------- 12/31/06 10,834,867 1,500,000 2,711,883 - ----------------------------------------------------------------------------------- 2/28/07 600,000 - ----------------------------------------------------------------------------------- 6/5/07 9,600,000 - ----------------------------------------------------------------------------------- 12/31/07 10,834,867 1,500,000 2,711,883 - ----------------------------------------------------------------------------------- 2/28/08 600,000 - ----------------------------------------------------------------------------------- 6/5/08 9,600,000 - ----------------------------------------------------------------------------------- 12/31/08 10,834,867 1,500,000 2,711,883 - ----------------------------------------------------------------------------------- 2/28/09 600,000 - ----------------------------------------------------------------------------------- 6/5/09 9,600,000 - ----------------------------------------------------------------------------------- 6/5/10 9,600,000 - ----------------------------------------------------------------------------------- 51,000,000 43,339,468 6,000,000 10,847,532 - ----------------------------------------------------------------------------------- 3
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S-1/A Filing
Ormat (ORA) S-1/AIPO registration (amended)
Filed: 28 Sep 04, 12:00am