Replies to post #3890 on Clear Skies Solar, Inc.(fka CSKH)

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egads

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Here's one pig who lives at the trough

COMPENSATION AGREEMENT


This First Amended Compensation Agreement is dated as of September 15, 2010 (the “Amended Agreement”) between Clear Skies Solar, Inc., a Delaware corporation (the “Company”), and Harvey Kesner (the “Consultant”).


WHEREAS, the Company and the Consultant have previously entered into a consulting agreement dated as of March 22, 2010 (the “Original Agreement”), whereby the Consultant would provide the Company with certain SEC related legal services in connection with their business (the “’34 Act Work”) on a fixed fee basis (paid in shares of the Company’s common stock) for the twelve month period beginning on April 1, 2010; and


WHEREAS, the Company included 1,200,000 shares of the Company’s common stock under the Original Agreement and wishes to increase said number by an additional 3,000,000 shares of its common stock to satisfy future payments;


NOW THEREFORE, in consideration of the mutual covenants hereinafter stated, it is agreed as follows:


1.

The Company shall issue to the Consultant, as consideration for the ’34 Act Work, $12,000 worth of the Company’s Common Stock, par value $0.001 per share, each month for the twelve month period beginning on April 1, 2010 (the “Shares”). The Shares to be issued shall be valued at 75% (discounted shares) of the ten (10) day trading average closing price prior to the first of each month and shall be delivered within ten (10) business days following the first of each month.


2.

The Company shall register the additional 3,000,000 shares of its common stock on a Form S-8 to cover the issuances under this Amended Agreement. The registration statement shall be filed promptly following the execution of this Amended Agreement.

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Solar Gains Traction — Thanks to Subsidies
Wall Street Journal

* BUSINESS
* MARCH 31, 2011

GLENDALE, Ariz.—Falling solar-panel prices, generous government subsidies and rising power costs are creating a new breed of solar enthusiasts: people who are installing panels on their roof because they see it as a good investment, not because they are out to save the world.

more...

http://online.wsj.com/article/SB10001424052748703662804576188641442134306.html?mod=googlenews_wsj

"The economics of solar have improved significantly," says Vishal Shah, a solar equity analyst for Barclays Capital. He expects panel prices to continue heading down, as increasing competition among manufacturers squeeze profit margins and permitting costs decrease.

In the past three years, the wholesale price of panels has fallen 60% to about $1.70 per watt, he says. As they keep falling, solar power will get more competitive and require fewer subsidies. When they reach $1 per watt, "you don't even need a 30% [federal] tax credit" for a project in states with the highest electric rates to be economic. In other words, subsidies may not be needed in a few years, Mr. Shah says.