CLARIFICATION AGREEMENT
For the
sake of clarification, as intended in the agreement between Premier Power
Renewable Energy, Inc. (“Premier”) and Genesis Capital Advisors, LLC and its
designated FINRA licensed Broker Dealer (“Genesis”) dated October 31, 2008
(“Genesis Agreement”), Premier shall pay Genesis a cash fee equal to 6% (which
may be reduced to 5% upon mutual written agreement between the parties) of the
total consideration received by Premier or its affiliates related to solar power
plants built or sold, with respect to which Genesis has provided assistance in
the development, financing or sale of said plants or their related special
purpose entities. Such fee shall be paid by Premier at the time such
consideration is received. All terms of the Genesis Agreement remain
in full force and effect.
IN
WITNESS WHEREOF, the parties hereto have executed this agreement as of April 28,
2010.
|
Genesis
Capital Advisors, LLC
|
||||
|
By:
|
/s/ Xxxx Xxxxx
|
By:
|
/s/ Xxxxxxx
Xxxxxxxx
|
|
| Xxxx Xxxxx | Xxxxxxx Xxxxxxxx | |||
| President | Managing Member | |||
