Re: Letter Amendment to Lease Assignment Agreement Dated as of September 10, 2010

October 13, 2010

Mr. ▇▇▇▇ ▇▇▇▇▇▇
President and CEO
Iceland America Energy, Inc.
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Dear ▇▇▇▇:

Reference is made to that certain Lease Assignment Agreement by and between Iceland America energy, inc. and ORNI 5, LLC dated as of September 10, 2010 as amended by that certain letter agreement dates September 24, 2010 (the "Agreement"). Pursuant to this letter, the parties wish to amend the Agreement as follows:

	1.	Section 3.2.2 is amended to state that the parties shall use reasonable commercial efforts to cause the Closing to occur on or before October 27, 2010.
	2.	All other terms and conditions of the Agreement shall remain in full force and effect

If you in agreement with the above please sign, date and return an executed copy to me.

Sincerely,

/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇

▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇
Land Department/Manager

Agreed and accepted by Iceland America Energy, Inc. this 13^th day of October, 2010.

/s/ ▇▇▇▇ ▇▇▇▇▇▇

▇▇▇▇ ▇▇▇▇▇▇
President and CEO

ORMAT TECHNOLOGIES, INC.
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