helix_8k-ex1007.htm


    
      
        

      
Exhibit 10.7

    
 

    
      	
               

            	
               
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              Telephone:

            	
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              Facsimile:

            	
              
                
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    Attorney
for St. George Investments, LLC

    


    


     

      
        

      

    

    IN
THE CIRCUIT COURT OF COOK COUNTY, ILLINOIS

     

    FIRST
MUNICIPAL DISTRICT

     

    COUNTY
DEPARTMENT – LAW DIVISION

     

    
      	
               

              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 Secured


     

    
      
         


      

      
         


        
          

        

      

      
         


      

    

     

     

    Promissory
Note dated March 30, 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.

     

    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
$779,500.00, plus costs and accrued and unpaid interest, less any payments previously
made by Defendant, which net amount is $________________ (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

              	
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                STATE
      OF                                              
                  
      

              	
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    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 Liquidity Default (as those terms are
defined in that certain Convertible Secured 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 Liquidity Default 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 March 2010.

    


    


    
      
        	 
      	
                 

                
                  

                  Notary
      Public

                

              


      

    

    
 

    
      
         


      

      
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    EXHIBIT
A

    


    CONVERTIBLE
SECURED PROMISSORY NOTE

     

     

     

     

     

     

     

     

     

     


    
      
         


      

      
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