Delaware
|
20-4947667
|
|
(State
or other jurisdiction of
|
(I.R.S.
Employer
|
|
incorporation
or organization)
|
Identification
No.)
|
|
996
190th Avenue
|
||
Woodstock, Minnesota
|
56186
|
|
(Address
of principal executive offices)
|
(Zip
code)
|
Large
accelerated filer o
|
Accelerated
filer o
|
|
Non-accelerated
filer o
|
Smaller
reporting company x
|
PART
I - FINANCIAL INFORMATION
|
3
|
|
Item
1. Unaudited Financial Statements
|
3
|
|
Item
2. Management's Discussion and Analysis of Financial Condition and Results
of Operations
|
25
|
|
Item
3. Quantitative and Qualitative Analysis About Market Risk
|
37
|
|
Item
4. Controls and Procedures
|
37
|
|
PART
II - OTHER INFORMATION
|
38
|
|
Item
1. Legal Proceedings
|
38
|
|
Item
1A. Risk Factors
|
38
|
|
Item
2. Unregistered Sales of Equity Securities and Use of
Proceeds
|
38
|
|
Item
3. Defaults Upon Senior Securities
|
38
|
|
Item
4. Submission of Matters to a Vote of Security Holders
|
38
|
|
Item
5. Other Information
|
38
|
|
Item
6. Exhibits
|
40
|
|
Signatures
|
41
|
|
Exhibits
|
|
Item 1.
|
FINANCIAL STATEMENTS
(UNAUDITED)
|
MARCH 31
|
DECEMBER 31
|
|||||||
2010
|
2009
|
|||||||
(unaudited)
|
||||||||
ASSETS
|
||||||||
CURRENT
ASSETS
|
||||||||
Cash
|
$ | 2,180,679 | $ | 2,802,302 | ||||
Restricted
Cash
|
140,171 | 203,123 | ||||||
Accounts
Receivable - net of an allowance of $16,442 and $0 at March 31, 2010 and
December 31, 2009, respectively
|
1,139,869 | 1,617,974 | ||||||
Short
Term Investments and Accrued Interest Receivable
|
1,345,102 | 1,033,744 | ||||||
Short
Term Investments - Restricted
|
414,460 | 718,499 | ||||||
Unbilled
Receivables at Net Realizable Value
|
24,000 | 49,002 | ||||||
Promissory
Note Receivable, Including Interest
|
8,039,508 | 7,149,912 | ||||||
Inventory
|
318,298 | 352,410 | ||||||
Reimbursable
Project Costs
|
633,933 | 597,368 | ||||||
Costs
and Estimated Profits in Excess of Billings
|
667,574 | 769,070 | ||||||
Other
Current Assets
|
175,117 | 123,157 | ||||||
Current
Deferred Income Taxes
|
46,000 | 45,000 | ||||||
TOTAL
CURRENT ASSETS
|
15,124,711 | 15,461,561 | ||||||
PROPERTY
AND EQUIPMENT (Net)
|
427,485 | 430,039 | ||||||
OTHER
ASSETS
|
||||||||
Deferred
Income Tax Asset
|
702,000 | 614,000 | ||||||
Project
Development Costs
|
307,000 | 307,000 | ||||||
TOTAL
OTHER ASSETS
|
1,009,000 | 921,000 | ||||||
TOTAL
ASSETS
|
$ | 16,561,196 | $ | 16,812,600 | ||||
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
||||||||
CURRENT
LIABILITIES
|
||||||||
Accounts
Payable
|
$ | 1,578,873 | $ | 2,224,549 | ||||
Bank
Notes Payable
|
411,853 | 416,853 | ||||||
Accrued
Expenses
|
127,060 | 118,571 | ||||||
Customer
Deposits
|
116,000 | 383,000 | ||||||
Deferred
Revenue
|
952,089 | 774,057 | ||||||
Promissory
Note Payable, Including Interest
|
8,039,508 | 7,149,912 | ||||||
TOTAL
CURRENT LIABILITIES
|
11,225,383 | 11,066,942 | ||||||
STOCKHOLDERS'
EQUITY
|
||||||||
Series
A Convertible Preferred Stock - $.0001 par value, 4,820,000 issued and
outstanding
|
2,525,589 | 2,527,731 | ||||||
Series
B Convertible Preferred Stock - $.0001 par value, 6,567,006 issued and
outstanding
|
12,819,116 | 12,819,116 | ||||||
Common
Stock - $.0001 par value; 100,000,000 shares authorized, 21,039,526 and
20,982,860 issued and outstanding at March 31, 2010 and December 31, 2009,
respectively
|
2,104 | 2,098 | ||||||
Additional
Paid-In Capital
|
6,342,075 | 6,089,361 | ||||||
Accumulated
Deficit
|
(16,353,071 | ) | (15,692,648 | ) | ||||
TOTAL
STOCKHOLDERS' EQUITY
|
5,335,813 | 5,745,658 | ||||||
TOTAL
LIABILITIES AND STOCKHOLDERS' EQUITY
|
$ | 16,561,196 | $ | 16,812,600 |
2010
|
2009
|
|||||||||||||||
(unaudited)
|
(unaudited)
|
|||||||||||||||
REVENUE
|
||||||||||||||||
Wind
Farm Development and Management
|
$ | 76,808 | 4.7 | % | $ | 131,854 | 37.9 | % | ||||||||
Turbine
Sales & Service
|
636,632 | 38.9 | 193,708 | 55.6 | ||||||||||||
Related
Party Revenue
|
73,211 | 4.5 | 21,985 | 6.3 | ||||||||||||
Construction
Contract Revenue
|
848,054 | 51.9 | - | 0.0 | ||||||||||||
Other
Operating Income
|
- | 0.0 | 729 | 0.2 | ||||||||||||
TOTAL
REVENUE
|
1,634,705 | 100.0 | 348,276 | 100.0 | ||||||||||||
COST
OF GOODS SOLD
|
1,408,734 | 86.2 | 196,538 | 56.4 | ||||||||||||
GROSS
PROFIT
|
225,971 | 13.8 | 151,738 | 43.6 | ||||||||||||
OPERATING
EXPENSES
|
||||||||||||||||
General
and Administrative Expenses
|
272,840 | 16.7 | 440,188 | 126.4 | ||||||||||||
Investor
Relations Expenses
|
103,097 | 6.3 | 34,826 | 10.0 | ||||||||||||
Payroll
and Employee Benefits
|
490,405 | 30.0 | 395,848 | 113.7 | ||||||||||||
Windfarm
Management Expenses
|
23,084 | 1.4 | 102,127 | 29.3 | ||||||||||||
TOTAL
OPERATING EXPENSES
|
889,426 | 54.4 | 972,989 | 279.4 | ||||||||||||
OPERATING
LOSS
|
(663,455 | ) | (40.6 | ) | (821,251 | ) | (235.8 | ) | ||||||||
OTHER
INCOME (EXPENSE)
|
||||||||||||||||
Interest
Income
|
142,996 | 8.8 | 24,203 | 7.0 | ||||||||||||
Interest
Expense
|
(132,564 | ) | (8.1 | ) | (8,668 | ) | (2.5 | ) | ||||||||
Gain
in Fair Value Accounting Over Warrants
|
- | 0.0 | 1,349,705 | 387.5 | ||||||||||||
Other
Expense
|
- | 0.0 | 300 | 0.1 | ||||||||||||
TOTAL
OTHER INCOME (EXPENSE)
|
10,432 | 0.7 | 1,365,540 | 392.1 | ||||||||||||
INCOME
BEFORE INCOME TAXES
|
(653,023 | ) | (39.9 | ) | 544,289 | 156.3 | ||||||||||
INCOME
TAX PROVISION (BENEFIT )
|
(89,000 | ) | (5.4 | ) | - | - | ||||||||||
NET
INCOME (LOSS)
|
(564,023 | ) | (34.5 | )% | 544,289 | 156.3 | % | |||||||||
PREFERRED
DIVIDENDS
|
96,400 | 103,200 | ||||||||||||||
NET
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
(660,423 | ) | 441,089 | |||||||||||||
WEIGHTED AVERAGE SHARES
OUTSTANDING -
BASIC
|
21,037,637 | 20,285,637 | ||||||||||||||
NET
INCOME (LOSS) PER SHARE - BASIC
|
$ | (0.03 | ) | $ | 0.02 | |||||||||||
WEIGHTED AVERAGE SHARES
OUTSTANDING -
DILUTED
|
21,037,637 | 28,782,304 | ||||||||||||||
NET
INCOME (LOSS) PER SHARE - DILUTED
|
$ | (0.03 | ) | $ | 0.02 |
Convertible
|
Convertible
|
|||||||||||||||||||||||||||||||||||
Preferred Stock
|
Preferred Stock
|
Additional
|
Total
|
|||||||||||||||||||||||||||||||||
Common Stock
|
Series A
|
Series B
|
Paid-In
|
Accumulated
|
Stockholders'
|
|||||||||||||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
Capital
|
Deficit
|
Equity
|
||||||||||||||||||||||||||||
BALANCE
- December 31, 2009
|
20,982,860 | $ | 2,098 | 4,820,000 | $ | 2,527,731 | 6,567,006 | $ | 12,819,116 | $ | 6,089,361 | $ | (15,692,648 | ) | $ | 5,745,658 | ||||||||||||||||||||
Net
loss
|
- | - | - | - | - | - | - | (564,023 | ) | (564,023 | ) | |||||||||||||||||||||||||
Stock-based
compensation
|
- | - | - | - | - | - | 154,178 | - | 154,178 | |||||||||||||||||||||||||||
Series
A Preferred Stock dividend paid in common stock
|
56,666 | 6 | - | (98,542 | ) | - | - | 98,536 | - | - | ||||||||||||||||||||||||||
Series
A Preferred dividends
|
- | - | - | 96,400 | - | - | - | (96,400 | ) | - | ||||||||||||||||||||||||||
BALANCE
- March 31, 2010 (unaudited)
|
21,039,526 | $ | 2,104 | 4,820,000 | $ | 2,525,589 | 6,567,006 | $ | 12,819,116 | $ | 6,342,075 | $ | (16,353,071 | ) | $ | 5,335,813 |
2010
|
2009
|
|||||||
(unaudited)
|
(unaudited)
|
|||||||
CASH
FLOWS FROM OPERATING ACTIVITIES
|
||||||||
Net
Income (Loss)
|
$ | (564,023 | ) | $ | 544,289 | |||
Adjustments
to Reconcile Net Income to Net Cash Provided by Operating
Activities:
|
||||||||
Depreciation
and Amortization
|
11,533 | 69,826 | ||||||
Stock-Based
Compensation to Employees
|
154,178 | 93,538 | ||||||
Provision
for Uncollectible Accounts
|
16,442 | - | ||||||
Gain
on Warrant Liability Fair Value
|
- | (1,349,705 | ) | |||||
Change
in assets and liabilities:
|
||||||||
Accounts
Receivable
|
461,663 | (5,541 | ) | |||||
Unbilled
Receivable
|
25,002 | 34,275 | ||||||
Inventory
|
34,112 | 81,540 | ||||||
Reimbursable
Project Costs
|
(36,565 | ) | 68,181 | |||||
Other
Current Assets
|
(51,960 | ) | 65,178 | |||||
Interest
receivable on Short Term Investments
|
(83 | ) | (19,217 | ) | ||||
Costs
and Estimated Earnings in Excess of Billings
|
101,496 | - | ||||||
Accounts
Payable
|
(645,676 | ) | 273,549 | |||||
Accrued
Expenses
|
8,489 | 7,786 | ||||||
Deferred
Income Taxes
|
(89,000 | ) | - | |||||
Customer
Deposits
|
(267,000 | ) | - | |||||
Deferred
Revenue
|
178,032 | (27,373 | ) | |||||
NET
CASH USED IN OPERATING ACTIVITIES
|
(663,360 | ) | (163,674 | ) | ||||
CASH
FLOWS FROM INVESTING ACTIVITIES
|
||||||||
Payments
for short-term investments
|
(7,236 | ) | - | |||||
Payments
for property and equipment
|
(8,979 | ) | (38,136 | ) | ||||
NET
CASH USED IN INVESTING ACTIVITIES
|
(16,215 | ) | (38,136 | ) | ||||
CASH
FLOWS FROM FINANCING ACTIVITIES
|
||||||||
Change
in restricted cash
|
62,952 | 34,541 | ||||||
Proceeds
from Notes Payable
|
- | 50,000 | ||||||
Principal
Payments on Notes Payable
|
(5,000 | ) | - | |||||
NET
CASH FROM FINANCING ACTIVITIES
|
57,952 | 84,541 | ||||||
NET
DECREASE IN CASH
|
(621,623 | ) | (117,269 | ) | ||||
CASH
BEGINNING OF THE PERIOD
|
2,802,302 | 1,310,789 | ||||||
CASH
END OF THE PERIOD
|
$ | 2,180,679 | $ | 1,193,520 | ||||
NONCASH
INVESTING ACTIVITY
|
||||||||
Series
A preferred stock dividend
|
$ | 96,400 | $ | 103,200 | ||||
Warrant
liability recognition upon adoption of accounting standard
|
$ | - | $ | 12,576,816 | ||||
Promissory
note receivable and payable on wind farm for construction
financing
|
$ | 889,596 | $ | - | ||||
Preferred
dividend payment in common stock
|
$ | (98,542 | ) | $ | - |
Building
and Improvements
|
7-39
Years
|
|
Vehicles
|
5
Years
|
|
Machinery
and Shop Equipment
|
|
5-7
Years
|
·
|
Proceeds received
upon the signing of a Development Services Agreement (generally 10% of the
total expected development fee) are amortized over the expected period of
the development process, which is generally three years. The amortization
period is re-assessed by management as new timelines are established for
the project in-service date, and the amortization period is
adjusted.
|
·
|
The
remaining proceeds are allocated to the following deliverables based on
vendor specific objective evidence of each item: 1) achievement of a
signed Power Purchase Agreement (“PPA”) with an electrical utility, and 2)
final commissioning of the wind farm turbines. Management has
determined that these deliverables have stand-alone value, and performance
of the undelivered services are considered probable and in the control of
the Company.
|
3.
|
PRIVATE
PLACEMENT OF SERIES A 8% CONVERTIBLE PREFERRED STOCK AND COMMON STOCK
WARRANTS
|
4.
|
ISSUANCE
OF SERIES B CONVERTIBLE PREFERRED
STOCK
|
5.
|
WARRANT
LIABILITY
|
6.
|
PROMISSORY
NOTE RECEIVABLE
|
7.
|
CONCENTRATIONS,
RISKS AND UNCERTANTIES
|
8.
|
ACCOUNTS
RECEIVABLE
|
March 31,
2010
|
December 31,
2009 *
|
|||||||
Wind
farm development/management
|
$
|
38,252
|
$
|
310,108
|
||||
Construction
|
49,285
|
-
|
||||||
Turbine
sales and service
|
1,068,774
|
1,307,866
|
||||||
Subtotal
|
1,156,311
|
1,617,974
|
||||||
Less:
allowance for doubtful accounts
|
(16,442
|
) |
-
|
|||||
Total
|
$
|
1,139,869
|
$
|
1,617,974
|
9.
|
INVENTORIES
|
March 31,
2010
|
December 31,
2009*
|
|||||||
Materials
and supplies
|
$
|
268,598
|
$
|
298,145
|
||||
Work
–in-progress
|
49,700
|
54,265
|
||||||
$
|
318,298
|
$
|
352,410
|
10.
|
PROPERTY
AND EQUIPMENT
|
March
31, 2010
|
December 31,
2009*
|
|||||||
Land
|
$
|
17,500
|
$
|
17,500
|
||||
Building
and improvements
|
268,525
|
238,120
|
||||||
Equipment,
including vehicles
|
390,460
|
380,856
|
||||||
Construction
in process
|
-
|
31,030
|
||||||
Subtotal
|
676,485
|
667,506
|
||||||
Less
Accumulated depreciation
|
(249,000
|
)
|
(237,467
|
)
|
||||
Total
|
$
|
427,485
|
$
|
430,039
|
11.
|
CONSTRUCTION
CONTRACTS
|
Costs
incurred on uncompleted contracts
|
$
|
9,753,285
|
||
Deferred
turbine costs
|
8,078
|
|||
Estimated
earnings recognized
|
439,659
|
|||
Less: billings
to-date
|
(9,533,448
|
)
|
||
Totals
|
$
|
667,574
|
||
Included
in the accompanying balance sheet under the following
captions:
|
||||
Costs
and estimated earnings in excess of billings
|
$
|
667,574
|
||
Billings
in excess of costs and estimated earnings
|
-
|
|||
Totals
|
$
|
667,574
|
12.
|
INCOME
TAXES
|
2010
|
2009
|
|||||||
Current
|
$
|
-
|
$
|
-
|
||||
Deferred
|
(89,000
|
)
|
-
|
|||||
Total
|
$
|
(89,000
|
)
|
$
|
-
|
2010
|
2009*
|
|||||||
Current
deferred income tax asset:
|
||||||||
Accrued
vacation and officer’s compensation
|
$
|
17,000
|
$
|
12,000
|
||||
Liquidated
damages provision
|
0
|
0
|
||||||
Reserves
for warranty and doubtful accounts
|
33,000
|
26,000
|
||||||
Net
operating loss carryforward
|
440,000
|
440,000
|
||||||
Less
valuation allowance
|
(268,000
|
)
|
(268,000
|
) | ||||
Total
|
$
|
222,000
|
$
|
210,000
|
||||
Non-current
deferred income tax asset:
|
||||||||
Stock
compensation expense
|
$
|
493,000
|
$
|
431,000
|
||||
Deferred
revenue/other
|
283,000
|
224,000
|
||||||
Net
operating loss carryforward
|
446,000
|
310,000
|
||||||
Less
valuation allowance
|
(490,000
|
)
|
(320,000
|
) | ||||
Total
|
$
|
732,000
|
$
|
645,000
|
||||
Current
deferred income tax liability:
|
||||||||
Completed
contract accounting
|
$
|
176,000
|
$
|
165,000
|
||||
Non-current
deferred income tax liability
|
||||||||
Depreciation
|
$
|
30,000
|
$
|
31,000
|
2010
|
2009*
|
|||||||
Current
assets
|
$
|
46,000
|
$
|
45,000
|
||||
Noncurrent
assets
|
702,000
|
614,000
|
||||||
Total
|
$
|
748,000
|
$
|
659,000
|
Statutory
tax rate
|
$
|
(222,028
|
)
|
34.0
|
%
|
|||
States
taxes, net of federal benefit
|
(39,181
|
)
|
6.0
|
|||||
Nondeductible
income/expenses
|
954
|
(.2
|
)
|
|||||
Other,
net
|
1,256
|
(.2
|
)
|
|||||
Increase
in valuation allowance
|
170,000
|
(26.0
|
)
|
|||||
$
|
(89,000
|
)
|
13.6
|
%
|
13.
|
PROMISSORY
NOTE PAYABLE
|
14.
|
STOCK-BASED
COMPENSATION
|
Outstanding
at January 1, 2010
|
1,745,000 | |||
Granted
|
— | |||
Exercised
|
— | |||
Expired
|
— | |||
Forfeited
|
— | |||
Outstanding
at March 31, 2010
|
1,745,000 | |||
Options
exercisable at the end of the period
|
582,891 |
Issue date
|
Number of warrants
|
Expiration Date
|
Exercise Price per
share
|
|||||
December
2008
|
50,000 |
June
2013
|
$7.00
- $10.00
|
|||||
December
2009
|
100,000 |
December
2014
|
$1.25
|
|||||
Total
|
150,000 |
15.
|
LICENSING
ARRANGEMENT
|
16.
|
BUSINESS
SEGMENTS
|
Wind Farm
Development
and
Management
|
Consumer-
Owned
Renewable
Energy
|
Consolidated
|
||||||||||
For
the Three-Month Period Ended March 31, 2010
|
||||||||||||
Wind
farm development/mgmt
|
$
|
74,408
|
$
|
2,400
|
$
|
76,808
|
||||||
Turbine
sales and service
|
243,463
|
393,169
|
636,632
|
|||||||||
Related
party revenue
|
73,211
|
-
|
73,211
|
|||||||||
Construction
contract revenue
|
843,504
|
4,550
|
848,054
|
|||||||||
Total
revenue
|
$
|
1,234,586
|
$
|
400,119
|
$
|
1,634,705
|
||||||
Loss
from operations
|
$
|
(642,202
|
)
|
$
|
(21,253
|
)
|
$
|
(663,455
|
)
|
|||
Other
income (loss), net
|
16,118
|
(5,686
|
)
|
10,432
|
||||||||
Loss
before income tax benefit
|
$
|
(626,084
|
) |
$
|
(26,939
|
) |
$
|
(653,023
|
) | |||
Identifiable
assets at March 31, 2010
|
$
|
11,184,739
|
$
|
754,591
|
$
|
11,939,330
|
||||||
Corporate
assets
|
4,621,866
|
|||||||||||
Total
assets at March 31, 2010
|
$
|
16,561,196
|
Wind Farm
Development
and
Management
|
Consumer-
Owned
Renewable
Energy
|
Consolidated
|
||||||||||
For
the Three-Month Period Ended March 31, 2009
|
||||||||||||
Wind
farm development/management
|
$
|
131,854
|
$
|
-
|
$
|
131,854
|
||||||
Turbine
Sales and Service
|
-
|
193,708
|
193,708
|
|||||||||
Related
party revenue
|
21,985
|
-
|
21,985
|
|||||||||
Other
|
729
|
-
|
729
|
|||||||||
Total
revenue
|
$
|
154,568
|
$
|
193,708
|
$
|
$ 348,276
|
||||||
Income
(loss) from operations
|
$
|
(739,781
|
) |
$
|
(81,470
|
) |
$
|
(821,251
|
) | |||
Other
income (loss), net
|
1,371,021
|
(5,481
|
) |
1,365,540
|
||||||||
Income
(loss) before income taxes
|
$
|
631,240
|
$
|
(86,951
|
) |
$
|
544,289
|
|||||
Identifiable
assets at March 31, 2009
|
$
|
1,466,351
|
$
|
788,226
|
$
|
2,254,577
|
||||||
Corporate
assets
|
3,245,101
|
|||||||||||
Total
assets at March 31, 2009
|
$
|
5,499,678
|
17.
|
TRANSACTIONS
WITH RELATED PARTIES
|
18.
|
COMMITMENTS
AND CONTINGENCIES
|
19.
|
NON-CONSOLIDATED
VARIABLE INTEREST ENTITIES
|
Asset types
|
Purpose
|
Book Value
|
||||
Promissory
note receivable
|
Construction
contract note with owners
|
$ | 8,039,508 | |||
Reimbursable
project costs
|
Cost
advances to wind farm project
|
136,736 | ||||
Costs
and profits in excess of billings
|
Construction
contract
|
612,159 | ||||
Promissory
note payable
|
Construction
contract note with subcontractor
|
(8,039,508 | ) |
20.
|
SUBSEQUENT
EVENT
|
Item
2.
|
MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
|
·
|
ongoing increases in electricity
demand due to population growth and growth in energy consuming devices
such as computers, televisions and air conditioning
systems,
|
·
|
the increasing cost of the
predominant fuels required to drive the existing fleet of conventional
electric generation such as coal, natural gas, nuclear and
oil,
|
·
|
the increasing cost and
difficulty faced in the construction of conventional electric generation
plants,
|
·
|
existing and growing legislative
and regulatory mandates for “cleaner” forms of electric generation,
including state renewable portfolio standards and the U.S. federal tax
incentives for wind and solar generation, including the Recovery and
Reinvestment Act enacted in February
2009,
|
·
|
ongoing improvements to wind
power systems making them more cost effective and improving availability
to meet demand, and
|
·
|
worldwide concern over greenhouse
gas emissions and calls to reduce global warming due to the carbon dioxide
produced by conventional electric
generation.
|
Item 3.
|
QUANTITATIVE AND QUALITATIVE
ANALYSIS ABOUT MARKET RISK
|
Item 4T.
|
CONTROLS AND
PROCEDURES
|
a)
|
None
|
b)
|
None
|
1.
|
The name and residential address
of the proposed nominee and of each notifying
stockholder;
|
2.
|
The principal occupation of the
proposed nominee;
|
3.
|
A
representation that the notifying stockholder intends to appear in person
or by proxy at the meeting to nominate the person specified in the
notice;
|
4.
|
The total number of our shares
owned by the notifying
stockholder;
|
5.
|
A description of all arrangements
or understandings between the notifying stockholder and the proposed
nominee and any other person or persons pursuant to which the nomination
is to be made by the notifying
stockholder;
|
6.
|
Any other information regarding
the nominee that would be required to be included in a proxy statement
filed with the SEC; and
|
7.
|
The consent of the nominee to
serve as one of our directors, if
elected.
|
No.
|
Description
|
|
3.1
|
Articles
of Incorporation of the Company 1
|
|
3.2
|
Certificate
of Amendment to Certificate of Incorporation amending, among other things,
the name of MH & SC, Incorporated to Juhl Wind, Inc. filed June 20,
2008, and effective June 24, 2008, with the Delaware Secretary of State
2
|
|
3.3 | Amended and Restated Certificate of Designation of Preferences, Rights and Limitations of Series A 8% Convertible Stock of Juhl Wind, Inc. filed June 11, 2009 with the Delaware Secretary of State.4 | |
3.4
|
Amended
and Restated Certificate of Designation of Preferences, Rights and
Limitations of Series B Convertible Preferred Stock of Juhl Wind, Inc.
filed September 28, 2009, with the Delaware Secretary of State3
|
|
3.5
|
Bylaws
of the Company1
|
|
31.1
|
Certification
of Principal Executive Officer Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
|
|
31.2
|
Certification
of Principal Financial Officer Pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
|
|
32.1
|
Certification
of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as
Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|
|
32.2
|
Certification
of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as
Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|
|
99.1
|
Audit
Committee Charter, adopted April 8, 2010
|
|
99.2
|
Nominations
and Corporate Governance Committee Charter, adopted April 8,
2010
|
JUHL WIND, INC.
|
|
(Registrant)
|
|
Date: May
17, 2010
|
/s/
John Mitola
|
John
Mitola
|
|
President
|