Ormat Funding Corp. Watch

from S-4 1 page Counterpart to the Purchase Agreement in Satisfaction of the Requirement of Section 8(x) of the Purchase Agreement (As Defined Below) and for the Benefit of the Initial Purchaser Thereunder, the Undersigned Hereby Makes All of the Representations and Warranties, and Assumes and Is Bound by All of the Agreements and Other Obligations, of the Guarantors Under the Purchase Agreement, Dated February 6, 2004, Between Ormat Funding Corp., the Other Guarantors and the Initial Purchaser (As Defined Therein). Date: February 13, 2004 Steamboat Development Corp. By: /S/ Connie Stechman Name: Connie Stechman Title: Assistant Secretary

from S-4 ~20 pages Note Purchase Agmt Dated 2/6/04