Exhibit 10.5 ------------ TERMINATION OF RESERVATION OF RIGHTS AGREEMENT ---------------------------------------------- THIS TERMINATION OF RESERVATION OF RIGHTS AGREEMENT is entered into effective as of the 31st day of August, 2006 (the "Effective Date"), by and -------------- between ENRON WIND SYSTEMS, LLC, a California limited liability company ("EWS"), --- and ZOND WINDSYSTEM PARTNERS, LTD. SERIES 85-B, A CALIFORNIA LIMITED PARTNERSHIP ("ZWP 85-B" and, together with EWS, the "Parties"). -------- ------- RECITALS A. As of February 15, 2006, EWS and ZWP 85-B entered into that certain Reservation of Rights Agreement (the "Agreement"). --------- B. The Parties desire to terminate the Agreement. AGREEMENT 1. In consideration of the premises and covenants herein set forth, the Parties hereby terminate the Agreement effective as of the Effective Date. 2. All of the covenants, terms and conditions set forth herein shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. EXECUTED as of the Effective Date. PARTIES: ENRON WIND SYSTEMS, LLC, a California limited liability company By: Enron Wind LLC, its sole member By: Enron Renewable Energy Corp., its sole member By: /s/ Jesse E. Neyman ------------------------------- Jesse E. Neyman, President and Chief Executive Officer ZOND WINDSYSTEM PARTNERS, LTD. SERIES 85-B, A CALIFORNIA LIMITED PARTNERSHIP By: Zond Windsystems Management IV LLC, its general partner By: /s/ Jesse E. Neyman ------------------------------------ Jesse E. Neyman, President 2