Exhibit 10.2
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AMENDMENT TO
RESERVATION OF RIGHTS AGREEMENT
This Amendment to Reservation of Rights Agreement (this "Amendment") is
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made by and between PAMC Management Corporation, a Colorado corporation
("PAMC"), and Zond-PanAero Windsystem Partners I, a California limited
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partnership (the "Partnership").
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RECITALS
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A. WHEREAS, PAMC and the Partnership are parties to that certain
Reservation of Rights Agreement dated as of June 23, 2005 (the "Reservation
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of Rights Agreement"), pursuant to which PAMC has reserved to the
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Partnership (i) a portion of the entitlement to sell power to Southern
California Edison Company ("SCE") under that certain Reformed Standard
Offer I As-Available Capacity and Energy Power Purchase Agreement dated
June 23, 2005 by and between PAMC and SCE and (ii) a portion of the
entitlement to reserve and interconnect to SCE's transmission system under
that certain Interconnection Facilities Agreement dated June 23, 2005 by
and between PAMC and SCE.
B. WHEREAS, the term of the Reservation of Rights Agreement expires on
December 31, 2005 (the "Reservation of Rights Termination Date"), and the
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parties desire to extend the Reservation of Rights Termination Date until
March 31, 2006.
AGREEMENT
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NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, PAMC and the Partnership agree
as follows:
1. Amendment to Reservation of Rights Agreement. Section 4 of the
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Reservation of Rights Agreement is hereby amended to delete the date
"December 31, 2005" that appears therein and replace it in its
entirety with the date "March 31, 2006".
2. Governing Law. The terms and provisions of this Amendment shall be
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governed by and construed in accordance with the laws of the State of
California.
3. Counterparts. This Amendment may be executed in counterparts, each of
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which shall be deemed an original and all of which, when taken
together, shall constitute one and the same document.
4. Effective Date. This Amendment shall be effective and the Reservation
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of Rights Agreement shall be amended pursuant to this Amendment as of
December 31, 2005.
IN WITNESS WHEREOF, each of the parties to this Amendment has executed this
Amendment on the date first set forth below.
PAMC Partnership
PAMC Management Corporation, Zond-PanAero Windsystem Partners I,
a Colorado corporation a California limited partnership
By: Zond Windsystems Management LLC,
its General Partner
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx
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Title: President Title: President
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Dated: March 7, 2006 Dated: March 8, 2006
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