Exhibit 10.3
________________________________ (________)
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________________________________
Telephone:  (_____) _______________
Facsimile: (_____) ________________

Attorney for St. George Investments, LLC

 

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IN THE CIRCUIT COURT OF COOK COUNTY, ILLINOIS
 
FIRST MUNICIPAL DISTRICT
 
COUNTY DEPARTMENT – LAW DIVISION

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ST. GEORGE INVESTMENTS, LLC, an Illinois limited liability company,
 
Plaintiff,
 
vs.
 
HELIX WIND, CORP., a Nevada  corporation,
 
Defendant.
 
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JUDGMENT BY CONFESSION
 
Case No.                                             
 
Judge                                             

Pursuant to 735 ILCS 5/2-1301(c) and the affidavit of counsel for St. George
Investments, LLC, an Illinois limited liability company, its successors or
assigns (“St. George Investments”), the Court hereby enters judgment against
Helix Wind, Corp., a Nevada corporation (“Defendant”), as follows:
 
1.           Defendant failed to comply with the terms of that certain
Convertible Promissory Note dated August 10, 2010, made by Defendant in favor of
St. George Investments and executed in Cook County, Illinois, attached hereto as
Exhibit A (the “Note”), in that Defendant failed to make a required payment or
payments thereunder.
 
 
 

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2.           By virtue of Defendant’s default and violation of the Note,
judgment in favor of St. George Investments is hereby entered against Defendant
in the amount of $72,500.00, plus costs and accrued and unpaid interest, less
any payments previously made by Defendant, which net amount is $50,000 (the
“Judgment Amount”).
 
3.           Interest shall accrue on the Judgment Amount at the rate of
eighteen percent (18%) per annum until all amounts due under the terms of this
Judgment by Confession are paid to St. George Investments.
 
4.           It is agreed that this Judgment by Confession shall not be filed or
recorded by St. George Investments unless and until Defendant fails to pay
amounts due, when due, under the Note.
 
DATED this ____day of ___________, 20___.
BY THE COURT

___________________________________
First Municipal District Court Judge
 
 
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CONSENT TO ENTRY OF JUDGMENT BY CONFESSION

 

__________________ COUNTY )    ) ss. STATE OF __________________ )

 
Defendant, Helix Wind, Corp., a Nevada corporation (“Defendant”), hereby
knowingly and voluntarily waives service of process and consents to the entry of
this Judgment by Confession at the request of counsel for St. George
Investments, LLC, an Illinois limited liability company, its successors or
assigns (“St. George Investments”), if an Event of Default or  a Trigger Event
(as those terms are defined in that certain Convertible Promissory Note made by
Defendant in favor of St. George Investments and dated of even date herewith
(the “Note”)) occurs.  The Judgment Amount (as defined in the Judgment by
Confession) shall be all unpaid amounts accrued and owing under the Note at the
time the Judgment by Confession is filed.  St. George Investments agrees it will
not file the Judgment by Confession unless and until an Event of Default or a
Trigger Event has occurred; provided, however, that upon an Event of Default or
a Liquidity Event, St. George Investments shall be entitled to immediately file
such Judgment by Confession in ex parte fashion.  Counsel to St. George
Investments shall provide the Court with an affidavit stating that Defendant has
failed to abide by and satisfy the terms of the Note and stating the Judgment
Amount.
 

 
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HELIX WIND, CORP.

By:
___________________________________                                                                                     Dated:                                                     
Name:  ________________________________
Title: _________________________________

Subscribed and sworn to before me by ________________ on this ___ day of August
2010.

____________________________________
Notary Public
 
 
 
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EXHIBIT A

CONVERTIBLE PROMISSORY NOTE
 
 
 
 
 
 

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