NC
GreenPower and Stoneville Solar LLC Generation Agreement


 


Stoneville Solar LLC


Attn: Mr. Jeff Alt


1107 Town Creek Road


Eden, NC 27288


 


Dear Mr. Alt:


 


We are pleased to inform you that you
have been selected to participate as a solar energy Supplier to the NC GreenPower program. As a result of this participation in
the program, NC GreenPower agrees to provide a premium of $0.15 per kWh for energy generated and supplied to the electric
grid by means of the 9.9 kW solar photovoltaic generator installed at 302 South Henry Street in Stoneville. NC GreenPower
agrees to provide this premium for up to 14,309 kWh per year.


 


Proof of system size is required prior
to submitting your first request for payment. Systems other than the above agreed size will be cause for adjustment of the agreement
terms. NC GreenPower reserves the right to inspect projects. By signing this agreement, Stoneville Solar LLC certifies
that a Power Purchase Agreement (PPA) with the local utility will be signed prior to submitting the first request for payment,
and that this generator is not net-metered.


 


The period of this agreement shall be
for five years from its commencement. This agreement will begin upon the date of the signing of this agreement, or the date of
commencement of generation to the grid, whichever occurs later. Generation to the grid is to commence by April 30, 2011, with
proof of generation being provided by June 30, 2011. If generation to the grid has not begun by April 30, 2011, this agreement
is voided and the owner will need to reapply to join the program under the terms available at that time. "Generating to the
grid" is defined as having completed the interconnection process with the local servicing utility AND being able to prove
through official documentation (e.g. - electric utility bill or statement) that generation has commenced and is being recorded
on or prior to April 30, 2011.


 


		·	The
                                                                                                           premium shall be paid
                                                                                                           by NC GreenPower within
                                                                                                           thirty (30) days of
                                                                                                           the receipt by NC GreenPower
                                                                                                           of official generation
                                                                                                           records supplied by
                                                                                                           the electric utility
                                                                                                           with which you have
                                                                                                           a current power purchase
                                                                                                           agreement (This
                                                                                                           information is usually
                                                                                                           noted on your monthly
                                                                                                           electric utility bill,
                                                                                                           a copy of which should
                                                                                                           be mailed, emailed,
                                                                                                           or faxed to NC GreenPower.)



 


		·	Utility
                                                                                                           statements should be
                                                                                                           submitted quarterly,
                                                                                                           with the exception
                                                                                                           that December statements
                                                                                                           should be sent in promptly
                                                                                                           for year-end reporting.



 


		·	NC
                                                                                                           GreenPower will withhold
                                                                                                           payment of monthly
                                                                                                           statements until the
                                                                                                           combined kilowatt hours
                                                                                                           reach a minimum premium
                                                                                                           of $10 due to the generator.



 


As a result of participation in the NC
GreenPower program, Stoneville Solar LLC will relinquish all rights to the ownership of any Renewable Energy Credits
("RECs" or "green tags") associated with the energy generation for which NC GreenPower pays a premium. NC
GreenPower will assume ownership of these Renewable Energy Credits upon payment of the NC GreenPower premium for the energy generation.


 


Payments can vary based on the fluctuating
level of contributions we receive from participants and governmental regulation of the NC GreenPower program and therefore we
reserve the right to adjust and or cancel the premium at any time.


 


In the event of any changes in the NC
GreenPower program, this agreement can be terminated by NCGP at any time without notice and without any liability to you. In all
events, NC GreenPower's aggregate liability to you for all causes of action related to or resulting from this agreement will not
exceed the amount owed to you by NC GreenPower for energy that you have provided pursuant to the terms and conditions of this
agreement.


 



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Stoneville Solar LLC may cancel
participation in the NC GreenPower program for any reason upon 30 days notice, either written or email. Renewable energy generators
participating in the NC GreenPower program are listed on the NCGP website. Your signature on this document will indicate your
agreement.


 


All official notices shall be delivered
(i) personally, (ii) by registered or certified mail, postage prepaid, or (iii) by overnight courier service to the following
address for NC GreenPower:


 


NC GreenPower Corporation


Attn: Maggy Inman


909 Capability Drive, Suite 2100


Raleigh, NC 27606-3870


 


In case any one or more of the provisions
of this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions contained herein shall not in any way be affected or impaired thereby.


 


This Agreement constitutes the entire
agreement between the parties concerning the subject matter hereof and supersedes all written or oral prior agreements or understandings
with respect thereto. No course of dealing or usage of trade shall be used to modify the terms hereof.


 


This Agreement may be executed in one
or more counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute the same
instrument.


 


This agreement is void unless signed
copies are returned to NC GreenPower within 30 days from January 25, 2011.


 


IN WITNESS WHEREOF, the parties have caused
this Agreement to be executed by their duly authorized officers as of the day and year first written below.


 


NC GreenPower Corporation


 


	 	By:	 	 
	 	 	 	 
	 	Printed Name:	Margaret A. Inman	 
	 	Title:	Vice President	 
	 	 	 	 
	 	Date:	 	 





 


Stoneville Solar LLC


 


	 	By:	/s/ Jeffery L. Alt	 
	 	 	 	 
	 	Printed Name:	JEFFERY L. ALT	 
	 	 	 	 
	 	Title:		 
	 	 	 	 
	 	Date:	2/3/11	 











 



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