JUHL VALLEY VIEW, LLC
Exhibit 10.3
XXXX VALLEY VIEW, LLC
0000 00XX XXXXXX XX
XXXXXXXXX, XX 00000
November 29, 2011
Xxxxx Xxxxxxxx Trust
000 Xxxxxxxx Xxxx
Xxxxxxxx, XX 00000
Attn: Xxxxx Xxxxxxxx, Trustee
Re: Xxxx Valley View, LLC
Dear Trustee:
Reference is made to that certain letter agreement for a certain put right (“JVV Letter Agreement”) dated the date hereof issued by Xxxx Valley View, LLC (“JVV”) for the benefit of the Xxxxx Xxxxxxxx Trust (“Trust”). Xxxx Wind Asset Investment, Inc., the investment subsidiary of Xxxx Wind, Inc. (OTCQB:XXXX), hereby irrevocably and unconditionally guarantees, as primary obligor and not merely as surety, the timely payment to Trust of any and all amounts payable by JVV to the Trust pursuant to the terms of the JVV Letter Agreement or promissory note issued by JVV pursuant thereto. No further signature of Trust shall be required for the commitments set forth herein to be the separate, valid, binding and effective agreement of Xxxx Wind Asset Investment, Inc. to Trust.
This Agreement may not be amended, modified in any respect or assigned without the written consent of the parties hereto. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware without regard to the principles of conflict of laws.
Very truly yours, | |||
Xxxx Valley View, LLC | |||
By: | |||
Xxxx Xxxxxx, its Manager
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Xxxx Valley View, LLC, hereby acknowledges and agrees to the terms of the above Agreement, and further agrees that in the event that Xxxx Wind Asset Investment, Inc. is required to make any payments in accordance with this Agreement that any such payments shall be treated as a loan to Xxxx Valley View, LLC, and shall be evidenced by a promissory note from Xxxx Valley View, LLC to Xxxx Wind Asset Investment, Inc. in the form and on the terms as reasonably agreed to by the parties at the time of such payment.
Xxxx Valley View, LLC | |||
By: | |||
Xxxx Xxxxxx, its Manager
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