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Ormat Technologies, Inc. – ‘10-K’ for 12/31/20 – ‘EX-10.13’

On:  Friday, 2/26/21, at 5:22pm ET   ·   For:  12/31/20   ·   Accession #:  1437749-21-4274   ·   File #:  1-32347

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/26/21  Ormat Technologies, Inc.          10-K       12/31/20  144:33M                                    RDG Filings/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.23M 
 2: EX-4.4      Instrument Defining the Rights of Security Holders  HTML     52K 
 3: EX-10.10    Material Contract                                   HTML    125K 
 4: EX-10.13    Material Contract                                   HTML    165K 
 5: EX-10.34    Material Contract                                   HTML    876K 
 6: EX-10.35    Material Contract                                   HTML     71K 
 7: EX-10.36    Material Contract                                   HTML    172K 
 8: EX-21.1     Subsidiaries List                                   HTML     41K 
 9: EX-23.1     Consent of Expert or Counsel                        HTML     40K 
10: EX-31.1     Certification -- §302 - SOA'02                      HTML     43K 
11: EX-31.2     Certification -- §302 - SOA'02                      HTML     44K 
12: EX-32.1     Certification -- §906 - SOA'02                      HTML     41K 
13: EX-32.2     Certification -- §906 - SOA'02                      HTML     41K 
20: R1          Document And Entity Information                     HTML    101K 
21: R2          Consolidated Balance Sheets                         HTML    199K 
22: R3          Consolidated Balance Sheets (Parentheticals)        HTML     71K 
23: R4          Consolidated Statements of Operations and           HTML    179K 
                Comprehensive Income (Loss)                                      
24: R5          Consolidated Statements of Equity                   HTML    185K 
25: R6          Consolidated Statements of Equity (Parentheticals)  HTML     52K 
26: R7          Consolidated Statements of Cash Flows               HTML    195K 
27: R8          Note 1 - Business and Significant Accounting        HTML    278K 
                Policies                                                         
28: R9          Note 2 - Business Acquisitions and Others           HTML     77K 
29: R10         Note 3 - Inventories                                HTML     49K 
30: R11         Note 4 - Cost and Estimated Earnings on             HTML     58K 
                Uncompleted Contracts                                            
31: R12         Note 5 - Investment in Unconsolidated Companies     HTML     58K 
32: R13         Note 6 - Variable Interest Entities                 HTML     86K 
33: R14         Note 7 - Fair Value of Financial Instruments        HTML    268K 
34: R15         Note 8 - Property, Plant and Equipment and          HTML    149K 
                Construction-in-process                                          
35: R16         Note 9 - Intangible Assets and Goodwill             HTML     62K 
36: R17         Note 10 - Accounts Payable and Accrued Expenses     HTML     59K 
37: R18         Note 11 - Long-term Debt, Credit Agreements and     HTML    250K 
                Commercial Paper                                                 
38: R19         Note 12 - Puna Power Plant Transactions             HTML     47K 
39: R20         Note 13 - Tax Monetization Transactions             HTML     59K 
40: R21         Note 14 - Asset Retirement Obligation               HTML     52K 
41: R22         Note 15 - Stock-based Compensation                  HTML    271K 
42: R23         Note 16 - Interest Expense, Net                     HTML     53K 
43: R24         Note 17 - Income Taxes                              HTML    189K 
44: R25         Note 18 - Business Segments                         HTML    204K 
45: R26         Note 19 - Transactions With Related Entities        HTML     44K 
46: R27         Note 20 - Employee Benefit Plan                     HTML     59K 
47: R28         Note 21 - Commitments and Contingencies             HTML     63K 
48: R29         Note 22 - Leases                                    HTML     91K 
49: R30         Note 23 - Quarterly Financial Information           HTML    189K 
                (Unaudited)                                                      
50: R31         Note 24 - Subsequent Events                         HTML     49K 
51: R32         Significant Accounting Policies (Policies)          HTML    347K 
52: R33         Note 1 - Business and Significant Accounting        HTML    150K 
                Policies (Tables)                                                
53: R34         Note 2 - Business Acquisitions and Others (Tables)  HTML     66K 
54: R35         Note 3 - Inventories (Tables)                       HTML     50K 
55: R36         Note 4 - Cost and Estimated Earnings on             HTML     57K 
                Uncompleted Contracts (Tables)                                   
56: R37         Note 5 - Investment in Unconsolidated Companies     HTML     55K 
                (Tables)                                                         
57: R38         Note 6 - Variable Interest Entities (Tables)        HTML     79K 
58: R39         Note 7 - Fair Value of Financial Instruments        HTML    261K 
                (Tables)                                                         
59: R40         Note 8 - Property, Plant and Equipment and          HTML    143K 
                Construction-in-process (Tables)                                 
60: R41         Note 9 - Intangible Assets and Goodwill (Tables)    HTML     58K 
61: R42         Note 10 - Accounts Payable and Accrued Expenses     HTML     58K 
                (Tables)                                                         
62: R43         Note 11 - Long-term Debt, Credit Agreements and     HTML    186K 
                Commercial Paper (Tables)                                        
63: R44         Note 14 - Asset Retirement Obligation (Tables)      HTML     51K 
64: R45         Note 15 - Stock-based Compensation (Tables)         HTML    256K 
65: R46         Note 16 - Interest Expense, Net (Tables)            HTML     53K 
66: R47         Note 17 - Income Taxes (Tables)                     HTML    174K 
67: R48         Note 18 - Business Segments (Tables)                HTML    200K 
68: R49         Note 20 - Employee Benefit Plan (Tables)            HTML     50K 
69: R50         Note 22 - Leases (Tables)                           HTML     90K 
70: R51         Note 23 - Quarterly Financial Information           HTML    188K 
                (Unaudited) (Tables)                                             
71: R52         Note 1 - Business and Significant Accounting        HTML    181K 
                Policies 1 (Details Textual)                                     
72: R53         Note 1 - Business and Significant Accounting        HTML     46K 
                Policies 2 (Details Textual)                                     
73: R54         Note 1 - Business and Significant Accounting        HTML     49K 
                Policies - Cash and Restricted Cash and Cash                     
                Equivalents (Details)                                            
74: R55         Note 1 - Business and Significant Accounting        HTML     61K 
                Policies - Property, Plant, and Equipment                        
                Estimated Useful Life (Details)                                  
75: R56         Note 1 - Business and Significant Accounting        HTML     58K 
                Policies - Contract Assets (Liabilities) (Details)               
76: R57         Note 1 - Business and Significant Accounting        HTML     96K 
                Policies - Impact of Adoption (Details)                          
77: R58         Note 1 - Business and Significant Accounting        HTML     46K 
                Policies - ROU Assets Useful Life (Details)                      
78: R59         Note 1 - Business and Significant Accounting        HTML     49K 
                Policies - Shares Used to Calculate Earnings Per                 
                Share (Details)                                                  
79: R60         Note 1 - Business and Significant Accounting        HTML     49K 
                Policies - Redeemable Noncontrolling Interest                    
                (Details)                                                        
80: R61         Note 1 - Business and Significant Accounting        HTML     47K 
                Policies - Changes in the Allowance for Expected                 
                Credit Losses (Details)                                          
81: R62         Note 2 - Business Acquisitions and Others (Details  HTML    107K 
                Textual)                                                         
82: R63         Note 2 - Business Acquisitions and Others - Fair    HTML     80K 
                Value of Amounts of Identified Assets and                        
                Liabilities Assumed in a Business Combination                    
                (Details)                                                        
83: R64         Note 2 - Business Acquisitions and Others -         HTML     46K 
                Summary of Pro Forma Information Related to a                    
                Business Combination (Details)                                   
84: R65         Note 3 - Inventories - Inventories, Current         HTML     47K 
                (Details)                                                        
85: R66         Note 4 - Cost and Estimated Earnings on             HTML     46K 
                Uncompleted Contracts - Cost and Estimated                       
                Earnings on Uncompleted Contracts (Details)                      
86: R67         Note 4 - Cost and Estimated Earnings on             HTML     47K 
                Uncompleted Contracts - Cost and Estimated                       
                Earnings on Uncompleted Contracts Included in                    
                Consolidated Balance Sheets (Details)                            
87: R68         Note 5 - Investment in Unconsolidated Companies     HTML     58K 
                (Details Textual)                                                
88: R69         Note 5 - Investment in Unconsolidated Companies -   HTML     45K 
                Unconsolidated Investments Mainly in Power Plants                
                (Details)                                                        
89: R70         Note 5 - Investment in Unconsolidated Companies -   HTML     44K 
                Unrealized Gain (Loss) on Derivative Instruments                 
                (Details)                                                        
90: R71         Note 6 - Variable Interest Entities - Assets and    HTML    114K 
                Liabilities for the Company's 2015 Variable                      
                Interest Entity (Details)                                        
91: R72         Note 7 - Fair Value of Financial Instruments        HTML     47K 
                (Details Textual)                                                
92: R73         Note 7 - Fair Value of Financial Instruments -      HTML     91K 
                Financial Assets and Liabilities at Fair Value                   
                (Details)                                                        
93: R74         Note 7 - Fair Value of Financial Instruments -      HTML     53K 
                Amounts of Gain (Loss) Recognized in Condensed                   
                Consolidated Statements on Derivative Instruments                
                Not Designated as Hedges (Details)                               
94: R75         Note 7 - Fair Value of Financial Instruments -      HTML     59K 
                Derivative Instruments in Other Comprehensive                    
                Income (Loss) (Details)                                          
95: R76         Note 7 - Fair Value of Financial Instruments -      HTML     90K 
                Fair Value of Long-term Debt Approximates Its                    
                Carrying Amount, Exceptions (Details)                            
96: R77         Note 7 - Fair Value of Financial Instruments -      HTML    116K 
                Fair Value of Financial Instruments (Details)                    
97: R78         Note 8 - Property, Plant and Equipment and          HTML     75K 
                Construction-in-process (Details Textual)                        
98: R79         Note 8 - Property, Plant and Equipment and          HTML     65K 
                Construction-in-process - Property, Plant and                    
                Equipment, Net (Details)                                         
99: R80         Note 8 - Property, Plant and Equipment and          HTML     55K 
                Construction-in-process - Construction-in-process                
                (Details)                                                        
100: R81         Note 8 - Property, Plant and Equipment and          HTML    104K  
                Construction-in-process - Activity in Construction               
                and Development (Details)                                        
101: R82         Note 9 - Intangible Assets and Goodwill (Details    HTML     63K  
                Textual)                                                         
102: R83         Note 9 - Intangible Assets and Goodwill -           HTML     55K  
                Estimated Future Amortization Expense (Details)                  
103: R84         Note 9 - Intangible Assets and Goodwill - Goodwill  HTML     47K  
                (Details)                                                        
104: R85         Note 10 - Accounts Payable and Accrued Expenses -   HTML     68K  
                Accounts Payable and Accrued Expenses (Details)                  
105: R86         Note 11 - Long-term Debt, Credit Agreements and     HTML    438K  
                Commercial Paper (Details Textual)                               
106: R87         Note 11 - Long-term Debt, Credit Agreements and     HTML    204K  
                Commercial Paper - Long-term Debt (Details)                      
107: R88         Note 11 - Long-term Debt, Credit Agreements and     HTML     58K  
                Commercial Paper - Future Minimum Payments Under                 
                Long-term Obligations (Details)                                  
108: R89         Note 12 - Puna Power Plant Transactions (Details    HTML     54K  
                Textual)                                                         
109: R90         Note 13 - Tax Monetization Transactions (Details    HTML    112K  
                Textual)                                                         
110: R91         Note 14 - Asset Retirement Obligations -            HTML     49K  
                Reconciliation of the Beginning and Ending                       
                Aggregate Carrying Amount of Asset Retirement                    
                Obligation (Details)                                             
111: R92         Note 15 - Stock-based Compensation (Details         HTML    177K  
                Textual)                                                         
112: R93         Note 15 - Stock-based Compensation - Compensation   HTML     52K  
                Related to Stock-based Awards (Details)                          
113: R94         Note 15 - Stock-based Compensation - Fair Value of  HTML     81K  
                Stock-based Award on the Date of Grant (Details)                 
114: R95         Note 15 - Stock-based Compensation - Fair Value of  HTML     58K  
                Stock-based Award Using Exercise Multiple-based                  
                Lattice SAR Pricing Model Assumptions (Details)                  
115: R96         Note 15 - Stock-based Compensation - Summary of     HTML     89K  
                the Status of the 2012 Incentive Plan (Details)                  
116: R97         Note 15 - Stock-based Compensation - Summary of     HTML    139K  
                Information About Stock-based Awards Outstanding                 
                (Details)                                                        
117: R98         Note 16 - Interest Expense, Net - Components of     HTML     49K  
                Interest Expense (Details)                                       
118: R99         Note 17 - Income Taxes (Details Textual)            HTML    176K  
119: R100        Note 17 - Income Taxes - Income From Continuing     HTML     50K  
                Operations Before Income Taxes and Equity in                     
                Income (Losses) of Investees (Details)                           
120: R101        Note 17 - Income Taxes - Components of Income Tax   HTML     73K  
                Provision (Details)                                              
121: R102        Note 17 - Income Taxes - Difference Between US      HTML     80K  
                Federal Statutory Tax Rate and Company's Effective               
                Tax Rate (Details)                                               
122: R103        Note 17 - Income Taxes - Net Deferred Tax Assets    HTML     82K  
                and Liabilities (Details)                                        
123: R104        Note 17 - Income Taxes - Reconciliation of          HTML     45K  
                Beginning and Ending Valuation Allowance (Details)               
124: R105        Note 17 - Income Taxes - Balance Sheet              HTML     51K  
                Presentation of Deferred Taxes (Details)                         
125: R106        Note 17 - Income Taxes - Reconciliation of          HTML     48K  
                Beginning and Ending Amounts of Unrecognized Tax                 
                Benefits (Details)                                               
126: R107        Note 17 - Income Taxes - Foreign Subsidiaries       HTML     53K  
                Income Tax Years Open to Examination (Details)                   
127: R108        Note 18 - Business Segments (Details Textual)       HTML     59K  
128: R109        Note 18 - Business Segments - Summarized Financial  HTML    112K  
                Information Concerning Reportable Segments                       
                (Details)                                                        
129: R110        Note 18 - Business Segments - Reconciling           HTML     74K  
                Information Between Reportable Segments and                      
                Consolidated Totals (Details)                                    
130: R111        Note 18 - Business Segments - Revenues as Reported  HTML     62K  
                in the Geographic Area (Details)                                 
131: R112        Note 18 - Business Segments - Long Lived Assets     HTML     46K  
                (Details)                                                        
132: R113        Note 18 - Business Segments - Revenue From Major    HTML     54K  
                Customers (Details)                                              
133: R114        Note 20 - Employee Benefit Plan (Details Textual)   HTML     54K  
134: R115        Note 20 - Employee Benefit Plan - Expected Future   HTML     53K  
                Benefit Payments (Details)                                       
135: R116        Note 21 - Commitments and Contingencies (Details    HTML     69K  
                Textual)                                                         
136: R117        Note 22 - Leases - Lessee's Total Lease Cost        HTML     74K  
                (Details)                                                        
137: R118        Note 22 - Leases - Lessee Future Minimum Lease      HTML     78K  
                Payments (Details)                                               
138: R119        Note 22 - Leases - Lease Income Recognized          HTML     41K  
                (Details)                                                        
139: R120        Note 23 - Quarterly Financial Information           HTML    150K  
                (Unaudited) - Quarterly Financial Information                    
                (Details)                                                        
140: R121        Note 24 - Subsequent Events (Details Textual)       HTML     52K  
142: XML         IDEA XML File -- Filing Summary                      XML    280K  
19: XML         XBRL Instance -- ora20201231_10k_htm                 XML   7.41M 
141: EXCEL       IDEA Workbook of Financial Reports                  XLSX    213K  
15: EX-101.CAL  XBRL Calculations -- ora-20201231_cal                XML    331K 
16: EX-101.DEF  XBRL Definitions -- ora-20201231_def                 XML   3.09M 
17: EX-101.LAB  XBRL Labels -- ora-20201231_lab                      XML   2.50M 
18: EX-101.PRE  XBRL Presentations -- ora-20201231_pre               XML   3.13M 
14: EX-101.SCH  XBRL Schema -- ora-20201231                          XSD    506K 
143: JSON        XBRL Instance as JSON Data -- MetaLinks              721±  1.22M  
144: ZIP         XBRL Zipped Folder -- 0001437749-21-004274-xbrl      Zip   1.88M  


‘EX-10.13’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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Exhibit 10.13

 

 

 

 

 

 

 

 

 

 

 

 

                                   LAND COURT

Return By [X] Mail [ ] Pickup

To: REGULAR SYSTEM

 

 

Gibson, Dunn & Crutcher

800 Newport Center Drive

Newport Beach, California 92660

Attention:     Claudia Kihano Parker, Esq.

 

 

 

SUPPLEMENT TO GEOTHERMAL RESOURCES
MINING LEASE NO. R-2

 

 

 

THIS SUPPLEMENT is made as of the 9th day of July, 1990, by the STATE OF HAWAII, acting by its Board of Land and Natural Resources, as Lessor, and KAPOHO LAND PARTNERSHIP, a Hawaii Limited partnership, whose business and mailing address is P.O. Box 374, Hilo, Hawaii 96720, as Lessee;

 

 

WITNESSETH:

 

 

 

WHEREAS, pursuant to that certain unrecorded Geothermal Resources Mining Lease No. R-2, dated February 20, 1981, a short form of which was recorded in the Bureau substantially concurrently herewith (“State Lease”), Lessor leased to Lessee certain rights with respect to geothermal resources and geothermal by-products in and under that certain real property described in Exhibit “A” thereto; and

 

WHEREAS, Lessee has recently caused an updated survey to be taken of such real property, which survey more accurately defines the boundaries of such real property; and

 

 

 

WHEREAS, Lessor and Lessee desire to supplement the State Lease as set forth herein.

 

NOW, TH EREFORE, in consideration of the premises, the parties hereto agree as follows:

 

1.     The State Lease is hereby supplemented by deleting the original Exhibit “A” thereto and substituting in lieu thereof the new Exhibit “A” attached hereto and hereby incorporated herein.

 

2.     This document may be executed in any number of counterparts, each of which shall be an original and all of which shall constitute one and the same instrument, with the same effect as if the signatures were upon the same instrument.

 

 

 

3.     Except as supplemented herein, the State Lease remains otherwise unmodified and in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have duly executed this instrument as of the date and year first above written.

 

 

STATE OF HAWAII

 

By its Board of Land and Natural Resources

 
     
     
     
 

Chairperson and Member of the Board of Land and

Natural Resources

 

 

 

KAPOHO LAND PARTNERSHIP, a Hawaii limited partnership

 

 

 

 

 

By:

KAPOHO MANAGEMENT CO., INC.,

a Hawaii corporation,

Its General Partner

 

 

 

 

 

    By:     
      Its: Chairman  
         
    By:     
      Its: President  
         
    By:     
      Its: Vice President  

 

 

 

APPROVED AS TO FORM:

 

 

 

Deputy Attorney General

 

 

      July 10, 1990

Approved by the Chairperson of

The Board of Land and Natural

Resources at Its Meeting Held

On ____________, 1990

Dated: _________________

 

 

 

 

     

STATE OF HAWAII

 

COUNT OF HONOLULU

)

 )  SS.

)

 

 

On this 9th day of July, 1990, before me personally appeared C. ARTHUR LYMAN, ALBERT LONO LYMAN and JANE T. K. LYMAN, to me known, who, being by me duly sworn, did say that they are the Chairman, President and Vice President, respectively, of KAPOHO MANAGEMENT CO., INC., a Hawaii corporation, the General Partner of KAPOHO LAND PARTNERSHIP, a Hawaii limited partnership; that the seal affixed to the foregoing instrument is the corporate seal of said corporation; that said instrument was signed and sealed on behalf of said corporation by authority of its Board of Directors; and said officers acknowledged said instrument to be the free act and deed of said corporation and said partnership.

 

 

 

 

 

 

 

 

Notary Public, State of Hawaii

 

My commission expires: 08-02-91

 

 

 

 

EXHIBIT “A

 

 

 

 

 

 

 

 

 

 

 

(1) Lot 1 (Power Plant), Being a portion of L.P. 8177 and R.P. 4497 .

L.C. Aw. 8559, Apana 5 to C. Kanaina, Kapoho, Puna, Island of Hawaii, Hawaii, more particularly described as follows:

 

Beginning at the northwest corner of this parcel of land and on the southerly side of Kapoho-Pahoa Road, the coordinates of said point of beginning referred to Government Survey Triangulation Station “KALIU” being 11,468.94 feet North and 8,724.33 feet East and running by azimuths measured clockwise from True South:

     
  1.     241°     46’     24”     71.21 feet along Kapoho-Pahoa Road; Thence along Lot 2, the remainder of L.P. 8177 and R.P. 4497, L.C. Aw. 8559, Apana 5 to C. Kanaina for the next thirty-five (35) courses, the azimuths and distances between points being:
 

 

     
  2.     Following along a curve to the left having a radiusof 20.00 feet, the chord azimuth and distance being:
 

11° 28’ 45°                                30.77 feet;

   
  3.     321° 11'     1234.51 feet;
   
 

4.     Thence along a curve to the left having a radius of 1985.00 feet, the chord azimuth and distance being: 315° 53’ 30” 366.14 feet;

 

 

 

 

5.

310°

36'

 

258.68

feet;

             
 

6.

302°

52’

 

413.75

feet;

             
 

7.

305°

20’

30’

29.52

feet;

             
 

8.

11’

30”

149.78

feet;

             
 

9.

256°

34’

30**

173.94

feet;

             
 

10.

305°

20’

30”

45.58

feet;

             
 

11.

215°

20’

30’

35.00

feet;

             
 

12.

305°

20’

30”

208.56

feet;

             
 

13.

245°

48’

 

52.93

feet;

             
 

14.

335°

48’

 

186.32

feet;

             
 

15.

245’

48’

 

100.00

feet;

             
 

16.

335°

48’

 

288.68

feet;

             
 

17.

65°

48’

 

164.00

feet;

             
 

18.

335°

48’

 

150.00

feet;

             
 

19.

65°

48’

 

200.00

feet;

             
 

20.

155°

48’

 

150.00

feet;

             
 

21.

65°

48’

 

412.78

feet;

             
 

22.

67°

50’

04”

250.00

feet;

             
 

23.

155°

48’

 

49.10

feet;

             
 

24.

68°

18’

50'*

114.52

feet;

             
 

25.

155°

48'

 

50.00

feet;

             
 

26.

248°

18’

50”

296.32

feet;

             
 

27.

155°

48’

 

191.00

feet;

             
 

28.

245°

48’

 

124.00

feet;

             
 

29.

155°

48’

 

219.00

feet;

             
 

30.

245°

48’

 

28.81

feet;

             
 

31.

186°

11’

30”

412.91

feet;

 

 

 

 

 

32.     122° 52’     232.94 feet;

 

33.     130° 36’     409.32 feet;

 

34.     Thence along a curve to the left having a radius of

2015.00 feet, the chord azimuth and distance being:

135° 53’ 30”    371.67 feet;

 

35.     141° 11’     1247.59 feet;

 

36.     Thence along a curve to the left having a radius of

20.00 feet, the chord azimuth and distance being:

101° 28’ 42”     25.55 feet to

the point of beginning and containing an area of 13.709 acres.

     
(2)         

Lot 2. being a portion of L.P. 8177 and R.P. 4497, L.C. Aw. 8559, Apana 5 to C. Kanaina, Kapoho, Puna, Island of Hawaii, Hawaii,

 

Beginning at a point at the southwest corner of this parcel of land on the east side of Pohoiki Road being also the northwest corner of Hawaii Geothermal Research Project Site, the coordinates of said point of beginning referred to Government Survey Triangulation Station “KALIU” being 7,328.44 feet North and 8,606.67 feet East and running by azimuths measured clockwise from True South:

     
 

1.     160°     03’     24”     251.79 feet along the easterly side

of Pohoikl Road;

 

2.     Thence along the easterly side of Pohoiki Road,

along a curve to the right having a radius of 432.00 feet, the chord azimuth and distance being:

178°   16’ 24”       270.10 feet;

 

3.     196°     29’     24”“     249.92 feet along the easterly side

of Pohoiki Road;

 

4.     Thence along the easterly side of Pohoiki Road,

along a curve to the left having a radius of 182.00 feet, the chord azimuth and distance being:

158°    55’    64”    221.88 feet;

 

5.     121°     22’     24”     2031.38 feet along the easterly side

of Pohoiki Road;

 

Page 2 of 12

 

 

6.

126°

06’

54”

1404.95

feet along the easterly side of Pohoiki Road;

             
 

7.

141°

35’

04”

 113.00

 

feet along the easterly side of Pohoiki Road;

             
 

8.

211°

55’

54”

75.32

feet along the southerly side of Kapoho-Pahoa Road;

             
 

9.

256°

55’

54”

1010.01

feet along the southerly side of Kapoho-Pahoa Road;

             
 

10.

346°

55’

54”

100.00

feet along HELCO sub-station site;

             
 

11.

256°

55’

54”

150.00

feet along HELCO sub-station site;

             
 

12.

166°

55’

54”

100.00

feet along HELCO sub-station site;

             
 

13.

256°

55’

54”

303.02

feet along the southerly side of Kapoho-Pahoa Road (Proj. No. A-132-01-60);

             
 

14.     Thence along the southerly side of Kapoho-Pahoa Road

(Proj. No. A-132-01-60). along a curve to the left having a radius of 2321.83 feet, the chord azimuth and distance being: 249° 21’ 09” 612.48 feet;

 

15.     241° 46'     24”     1273.36 feet along the southerly

side of Kapoho-Pahoa Road

(Proj. No. A-132-01-60);

 

16.     Thence -along Lot 1, the remainder of L.P. 8177 and

R.P. 4497. L.C. Aw. 8559, Apana 5 to C. Kanaina, along a curve to the right having a radius of 20.00 feet, the chord azimuth and distance being:

281° 28’     42”     25.55 feet;

 

Thence along Lot 1. the remainder of L.P. 8177 and R.P. 4497. L.C. Aw. 8559. Apana 5 to C. Kanaina for the next thirty four (34) courses, the azimuths and distances being:

 

Page 3 of 12

 

 

17.

321°

11’

 

1247.59

feet;

 

 

18. Thence along a curve to the left having a radius of

2015.00 feet, the chord azimuth and distance being:

315°     53’   30”     371.67 feet;

             
 

19.

310°

36'

 

409.32

feet;

             
 

20.

302°

52’

 

232.94

feet;

             
 

21.

11’

30”

412.91

feet;

             
 

22.

65°

48

 

28.81

feet;

             
 

23.

335°

48’

 

219.00

feet;

             
 

24.

65°

48’

 

124.00

feet;

             
 

25.

335°

48’

 

191.00

feet;

             
 

26.

68°

18’

50”

296.32

feet;

             
 

27.

335°

48’

 

50.00

feet;

             
 

28.

248°

18’

50”

114.52

feet;

             
 

29.

335°

48’

 

49.10

feet;

             
 

30.

247°

50’

04”

250.00

feet;

             
 

31.

245°

48’ 

 

412.78

feet;

             
 

32.

335°

48’

 

150.00

feet;

             
 

33.

245°

48’

 

200.00

feet;

             
 

34.

155°

48’

 

150.00

feet;

             
 

35.

245°

48’

 

164.00

feet;

             
 

36.

155°

48’

 

288.68

feet;

             
 

37.

65°

48’

 

100.00

feet;

             
 

38.

155°

48'

 

186.32

feet;

             
 

39.

65°

48'

 

52.93

feet;

             
 

40.

125°

20’

30”

208.56

feet;

             
 

41.

35°

20’

30”

 

35.00

feet;

 

Page 4 of 12

 

 

42.

125°

20’

30”

45.58

feet;

             
 

43.

76

34’

30”

173.94

feet;

             
 

44.

186°

11’

30”

149.78

feet;

             
 

45.

125°

20’

30”

29.52

feet;

             
 

46.

122°

52’

 

413.75

feet;

             
 

47.

130°

36’

 

258.68

feet;

             
 

48.

Thence along a curve to the

right haying a radius of 1985.00 feet, the chord azimuth and distance being:

135°53’30”    366.14 feet;

             
 

49.

141°

11’

   

1234.51 feet;

             
 

50.

Thence along a curve to the

right having a radius of

20.00 feet, the chord azimuth and distance being:

191°28’45”30.77 feet;

             
 

51.

241°

46’

24”

411.07

feet along Kapoho-Pahoa Road;

             
 

52.

331°

46’

24”

5.00

feet along a jog in

Kapoho-Pahoa Road (Proj. No.

A-132-01-60);

             
 

53.

241°

46’

24”

75.00

feet along the southerly side of Kapoho-Pahoa Road (Proj. No. A-132-01-60);

             
 

54.

151°

46’

24”

5.00

feet along a jog in Kapoho-Pahoa Road (Proj. No. A-132-01-60);

             
 

55.

241°

46’

24”

105.65

feet along the southerly side of Kapoho-Pahoa Road (Proj. No. A-132-01-60);

 

Page 5 of 12

 

 

56.     Thence along the southerly side of Kapoho-Pahoa Road

(Proj. No. A-132-01-60), along a curve to the left having a radius of 2321.83 feet, the chord azimuth and distance being:

 

235° 16' 24”    525.68 feet;

 

57.     228°      46’    24”     224.35 feet along the southerly

side of Kapoho-Pahoa Road (Proj. No. A-132-01-60);

 

58.     228°      46’      24”     279.17 feet along the southerly

side of Kapoho-Pahoa Road (Proj. No. S-0132(1)).

 

59.     Thence along the southerly side of Kapoho-Pahoa Road

(Proj. No. S-0132(1)), along a curve to the right having a radius of 1607.02 feet, the chord azimuth and distance being:

236°     46’     24”     447.31 feet;

 

60.     244°     46’     24”     2650.28 feet along the southerly

side of Kapoho-Pahoa Road (Proj. No. S-0132(1));

 

61.     Thence along the southerly side of Kapoho-Pahoa Road

(Proj. No. S-0132(1)), along a curve to the right having a radius of 1498.15 feet the chord azimuth and distance being:

248°     31’     24”     195.97 feet;

 

62.     Thence continuing along the southerly side of

Kapoho-Road (Proj. No. 5-0132(1)), along a curve to the right having a radius of 1115.92 feet, the chord azimuth and distance being:

259°     35*     24”     284.23 feet;

 

63.     Thence continuing along the southerly side of

Kapoho-Pahoa Road (Proj. No. S-0132(1)), along a curve to the right having a radius of 1498.15 feet, the chord azimuth and distance being:

269°     04'     13”     113.12 feet;

 

64.     277°     15'     54”     450.36 feet along the southerly

side of Kapoho-Pahoa Road (Proj. No. S-0132(1));

 

Page 6 of 12

 

 

65.     Thence along the remainder of L.P. 8177 and R.P.

4497, L.C. Aw. 8559, Apana 5 to C. Kanaina, along a curve to the right having a radius of 40.00 feet, the chord azimuth and distance being: 7°     20'     04”“     34.24 feet;

 

Thence along the remainder of L.P. 8177 and R.P. 4497,

 

L.C. Aw. 8559. Apana 5 to C. Kanalna for the next thirty nine (39) courses, the azimuths and distances being:

 

 

66.

302°

40’

24”

5.00

feet;

             
 

67.

32°

40’

24”

26.67

feet;

             
 

68.

52°

37’

24”

135.95

feet;

             
 

69.

38°

26’

24”

225.17

feet;

             
 

70.

54°

45’

24”

36.60

feet;

             
 

71.

31°

45’

24”

252.93

feet;

             
 

72.

15°

05’

24”

6.79

feet;

             
 

73.

77°

02’

24”

350.29

feet;

             
 

74.

83°

45’

24”

132.20

feet;

             
 

75.

74°

49’

24”

97.93

feet;

             
 

76.

41°

26’

24”

65.32

feet;

             
 

77.

27°

14’

24”

546.76

feet;

             
 

78.

306°

32’

24”

343.25

feet;

             
 

79.

61°

23’

24”

958.61

feet;

             
 

80.

64°

54'

24”

354.14

feet;

             
 

81.

62°

49’

24”

285.05

feet;

             
 

82.

64°

32’

24”

197.17

feet;

             
 

83.

344°

04’

54”

816.37

feet;

             
 

84.

55°

17’

24”

68.36

feet;

             
 

85.

18°

50’

24”

23.76

feet;

             
 

86.

342°

23'

24”

428.66

feet;

             
 

87.

322°

39’

24” 

121.88

feet;

 

Page 7 of 12

 

 

88.

304°

14’

24”

180.13

feet;

             
 

89.

294°

18’

24”

291.64

feet;

 

Page 8 of 12

 

 

90.

270°

59’

24”

235.52

feet;

             
 

91.

266°

59’

24”

234.48

feet;

             
 

92.

210°

11’

24”

209.22

feet;

             
 

93.

221°

37’

24”

75.90

feet;

             
 

94.

235°

37’

24”

84.79

feet;

             
 

95.

248°

41’

24”

92.41

feet;

             
 

96.

263°

16’

24”

164.85

feet;

             
 

97.

258°

40’

24”

240.44

feet;

             
 

98.

249°

45’

24”

154.26

feet;

             
 

99.

254°

20’

24”

124.75

feet;

             
 

100.

245°

20’

24”

119.50

feet;

             
 

101.

253°

52’

24”

114.86

feet;

             
 

102.

26’

24”

157.53

feet;

             
 

103.

343°

45’

24”

196.61

feet;

             
 

104.

20’

57”

1108.69

feet

             
 

105.

60°

30’

00”

700.65

feet along Lot 3-A-3, portion of Grant 3209 to Robert Rycroft;

             
 

106.

60°

42’

20”

2187.60

feet along Lots 8-2 and B-l and Lanipuna Gardens, Increment 1 (File Plan 1340);

             
 

107.

73°

10’

00”

1942.14

feet along Lanipuna Gardens, Increment 1 (File Plan 1340);

             
 

108.

163°

10’

00”

342.45

feet along Hawaii Geothermal Research Project Site;

             
 

109.

73°

10’

00”

610.52

feet along Hawaii Geothermal Research Project Site to the point of beginning and

containing an Area of 557.18 Acres.

 

Page 9 of 12

 

 

 

(3)           

Being a portion of L.P. 8177 and R.P. 4497, L.C. Aw. 8559. Apana 5 to C. Kanaina, Kapoho, Puna, Hawaii,

   
  Beginning at the southwest corner of this parcel of land, being also the northeast corner of Grant 3209 to Robert Rycroft and the west corner of Grant 6845 to Robert Napalapalai, the coordinates of said point of beginning referred to Government Survey Triangulation Station “KALIU” being 9,155.29 feet North and 13,666.78 feet East and running by azimuths measured clockwise from True South:

 

 

1.

186°

20’

57”

1108.69 feet along the remainder of L.P. 8177 and R.P. 4497, Apana 5 to C. Kanaina;

           
 

2.

242°

04’

24”

694.21 feet along the southeasterly side of 20 feet road;

           
 

3.

235°

34’

24”

676.73 feet along the southeasterly side of 20 feet road;

 

Thence along the remainder of L.P. 8177 and R.P. 4497. Apana 5 to C. Kanaina for the next ten (10) courses, the azimuths and distances being:

 

4.

296°

41’

24”

89.16

feet;

 
               
 

5.

290°

49’

24”

265.76

feet;

 
               
 

6.

264°

10’

24”

372.80

feet;

 
               
 

7.

198°

23'

54”

1150.00

feet;

 
               
 

8.

273°

29'

24”

451.14

feet;

 
               
 

9.

240°

22'

24”

240.00

feet;

 
               
 

10.

182°

02’

24”

100.00

feet;

 
               
 

11.

243°

53'

54”

483.40

feet;

 
               
 

12.

233°

48’

24”

226.80

feet;

 
               
 

13.

223°

02’

24”

648.90

feet;

 
               
 

14.

163°

07’

24”

259.15

feet along the northeast

side of road;

 
               
 

15.

146°

57’

24”

415.75

feet along the northeast

side of 20 feet road;

 
  16. 121° 57'   54”  307.04

feet along the northeast side of 20 feet road;

 
     
 

17. Thence along the southeast side of Kapoho-Pahoa Road

(Project No. ERP ER 3(1)), along a curve to the left having a radius of 2894.79 feet, the chord azimuth and distance being:

256     55'    48.2” 224.46 feet;

 

 

Page 10 of 12

 

     
  Thence along the remainder of L.P. 8177 and R.P. 4497, Apana 5 to C. Kanaina for the next seven (7) courses, the azimuths and distances being;
     
 

18.

289°

01’

24”

107.97

feet;

             
 

19.

281°

27’ 

24”

705.00

feet;

             
 

20.

302°

47’

24”

966.32

feet;

             
 

21.

354°

37’

24”

233.00

feet;

             
 

22.

328°

07’

24”

 66.00

feet;

             
 

23.

281°

32’

24**

292.00

feet;

             
 

24.

263°

00’

24”

88.00

feet;

             
 

25.

34°

12’

24**

381.63

feet along the westerly side

           

 of 20 feet road;

 

26.

32°

08’

24”

120.81

feet along the westerly side

           

of 20 feet road;

 

27.

25°

39’

24”

 88.76

feet along the westerly side

           

of 20 feet road;

 

28.

18°

18’

24”

82.03

feet along the westerly side

 

of 20 feet road;

 

 

29.     Thence along the westerly side of 20 feet road.

along a curve to the right having a radius of 20.00 feet, the chord azimuth and distance being:

61°     27’    24”     27.36 feet;

 

  30.  104°  36’ 24” 250.78 feet along the northerly side of 20 feet road;
             
Page 11 of 12

 

 

31.

90°

28’

54”

123.58 feet along the northerly side of 20 feet road;

           
 

32.

21°

44’

24”

71.08 feet along the westerly side of 20 feet road;

           
 

33.

359°

55’

24”

410.82 feet along the westerly side of 20 feet road;

           
 

34.

352°

32'

24”

137.09 feet along the westerly side of 20 feet road;

           
 

35.

318°

 05’

24”

521.10 feet along the westerly side of 20 feet road;

           
 

36.

346°

25'

24”

93.15 feet along the westerly side of 20 feet road;

           
 

37.

59'

24”

284.02 feet along the westerly side of 20 feet road;

           
 

38.

43'

24”

140.76 feet along the westerly side of 20 feet road;

           
 

39.

73°

44'

04”

   5556.04 feet along Grant 6845 to

           
          Robert Napalapalai to the point of beginning and containing an area of 240.76 Acres.
           

(4)       

Being portions of L.P. 8177 and R.P. 4497, L.C. Aw. 8559, Apana 5 to C. Kanaina, Kapoho, Puna, Island of Hawaii, Hawaii,

 

Beginning at the northerly corner of this parcel of land on the southwest side of Pohoiki Road, the coordinates of said point of beginning referred to Government Survey Triangulation Station “KALIU” being 10,013.20 feet North and 5,757.20 feet East and running by azimuths measured clockwise from True South:

 

 

 

1.

306°

06’

54”

1086.26 feet along Pohoiki Road to a 1/2” pipe (found);

           
 

  2.

36°

06’

54”

300.00 feet along the remainder of L.P. 8177 and R.P. 4497, L.C; Aw. 8559, Apana 5 to C. Kanaina;

         

 

 

 

  3.

141°

33’

14”

1126.93 feet along Grant 13156 to Kapoho Land Development Company, Limited to the point of beginning and containing an area of 3.741 Acres.

 

 

Page 12 of 12

3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/24  Ormat Technologies, Inc.          10-K       12/31/23  139:27M                                    RDG Filings/FA
 2/24/23  Ormat Technologies, Inc.          10-K       12/31/22  140:25M                                    RDG Filings/FA
 2/25/22  Ormat Technologies, Inc.          10-K       12/31/21  143:66M                                    RDG Filings/FA


30 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/21/20  Ormat Technologies, Inc.          8-K:5,9    12/16/20   12:244K                                   RDG Filings/FA
 8/06/20  Ormat Technologies, Inc.          10-Q        6/30/20   69:9.3M                                   RDG Filings/FA
 7/06/20  Ormat Technologies, Inc.          8-K:5,9     7/02/20   12:1.3M                                   RDG Filings/FA
 7/01/20  Ormat Technologies, Inc.          8-K:1,2,9   6/25/20   13:1.1M                                   RDG Filings/FA
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11/12/19  Ormat Technologies, Inc.          8-K/A:5,9  11/06/19   15:896K                                   RDG Filings/FA
 5/08/19  Ormat Technologies, Inc.          10-Q        3/31/19   71:7.4M                                   RDG Filings/FA
 3/01/19  Ormat Technologies, Inc.          10-K       12/31/18  135:23M                                    RDG Filings/FA
11/08/18  Ormat Technologies, Inc.          10-Q        9/30/18   72:9.5M                                   RDG Filings/FA
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 3/27/18  Ormat Technologies, Inc.          DEF 14A     3/27/18    1:868K                                   Z-K Global Ltd./FA
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11/09/17  Ormat Technologies, Inc.          8-K:5,8,9  11/07/17    2:120K                                   RDG Filings/FA
 6/01/17  Ormat Technologies, Inc.          8-K:1,8,9   5/25/17    3:1.8M                                   RDG Filings/FA
 5/04/17  Ormat Technologies, Inc.          8-K:1,5,8,9 5/04/17    7:579K                                   RDG Filings/FA
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12/06/16  Ormat Technologies, Inc.          8-K/A:1,2,911/29/16    2:1.3M                                   RDG Filings/FA
 2/29/16  Ormat Technologies, Inc.          8-K:5,9     2/23/16    2:84K                                    RDG Filings/FA
 5/07/15  Ormat Technologies, Inc.          10-Q        3/31/15   62:9.2M                                   RDG Filings/FA
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 2/11/14  Ormat Technologies, Inc.          8-K:5,9     2/11/14    4:346K                                   RDG Filings/FA
11/08/12  Ormat Technologies, Inc.          10-Q        9/30/12   69:7.2M                                   Donnelley … Solutions/FA
11/04/11  Ormat Technologies, Inc.          10-Q        9/30/11   82:8.7M                                   Donnelley … Solutions/FA
10/22/04  Ormat Technologies, Inc.          S-1/A                 21:8.3M                                   Capital Systems 01/FA
 9/28/04  Ormat Technologies, Inc.          S-1/A                 90:15M                                    Capital Systems 01/FA
 7/21/04  Ormat Technologies, Inc.          S-1                   89:11M                                    Capital Systems 01/FA
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