Contract signed on 4 August per 10Q:
On August 4, 2008 the Company’s wholly owned subsidiary signed a turbine supply agreement with Energy Farming Ontario for the purchase of 10 units of DeWind 90 meter hub version of the D8.2 2 megawatt turbine which is expected to be ready for commercial delivery in the third calendar quarter of 2009 and is expected to be called the D9.2. The agreement calls for payment of $2,355,000 per turbine unit and additional services of $300,000 for a total contract value of $23,850,000. Each turbine unit consists of a D9.2 turbine nacelle and a D9.2 blade set. The agreement calls for a 1% payment upon signature of the contract and an additional 9% payment to be received by September, 2008. Additional cash payments are called for beginning in 2009.
