Exhibit 10.3(b)
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FIRST AMENDMENT TO
WINDSYSTEM MANAGEMENT AGREEMENT
This First Amendment to Windsystem Management Agreement (the "Amendment") is
made as of January 13, 2006 by and between Enron Wind Systems, LLC ("EWS") and
Zond Windsystem Partners, Ltd. Series 85-B, a California limited partnership
(the "Partnership").
RECITALS
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WHEREAS, EWS and the Partnership are parties to that certain Windsystem
Management Agreement dated as of September 9, 1985 (the "Windsystem Management
Agreement"), pursuant to which EWS performs certain management, administrative
and other services for the Partnership in connection with that certain wind
power project owned by the Partnership.
WHEREAS, the term of the Windsystem Management Agreement expires on December 31,
2005 (the "Windsystem Management Termination Date") and the parties desire to
extend the Windsystem Management 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, EWS and the Partnership agree as follows:
1. Amendments to Windsystem Management Agreement. The Windsystem Management
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Agreement is hereby amended by (a) deleting the text of Section 3 in its
entirety and replacing it with the following: "Unless sooner terminated as
set forth in Section 8, the term of this Agreement shall commence as of
September 9, 1985 and terminate on March 31, 2006" and (b) deleting the
subsection 8.2.5 in its entirety and replacing it with the following:
"8.2.5 Notice of Termination. The delivery by one Party to the other Party
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of a written notice of termination at least ten (10) days prior to the
proposed termination date."
2. Governing Law. The terms and provisions of this Amendment shall be governed
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by and construed in accordance with the laws of the state of California.
3. Counterparts. This Amendment may be executed in counterparts, each of which
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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 Windsystem
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Management Agreement shall be amended pursuant to this Amendment as of
December 31, 2005.
IN WITNESS WHEREOF, each of the parties to this Amendment have executed
this Amendment as of the date set forth above.
EWS Partnership
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Enron Wind Systems, LLC, Zond Windsystem Partners, Ltd. Series
85-B, a California limited partnership
By: Enron Wind LLC, By: Zond Windsystems Management
its sole member IV LLC, its General Partner
By: Enron Renewable Energy Corp., By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
its sole member ------------------------------------------
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: President and Chief Executive Officer
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By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: President and Chief Executive Officer
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