Exhibit 10.3

                  INVESTMENT LETTER AND SUBSCRIPTION AGREEMENT

                                               $________ Promissory Note

                                                ________ Shares of Common Stock

                                               $________ Total Purchase Price

Board of Directors
Renewable Energy Acquisition Corp.
10935 57th Ave. No.
Plymouth, Minnesota 55442

Gentlemen:

I desire to purchase from Renewable  Energy  Acquisition  Corp.  ("the Company")
_______ common shares (the  "Shares") and a promissory  note ("the Note") in the
principal amount of $________, due and payable without interest upon the earlier
of one year from the date  hereof,  or upon the  closing  of an  Initial  Public
Offering of the Company's common shares, upon the terms and conditions set forth
below:

     THE COMMON STOCK OF RENEWABLE ENERGY ACQUISITION  CORP.,  DESCRIBED IN THIS
SUBSCRIPTION  AGREEMENT (this  "Agreement")  HAS NOT BEEN  REGISTERED  UNDER THE
SECURITIES  ACT OF 1933,  AS  AMENDED  ("Act"),  OR  QUALIFIED  UNDER  THE STATE
SECURITIES  LAWS OF ANY STATE.  THE  SECURITIES  ARE BEING SOLD IN  RELIANCE  ON
EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION REQUIREMENTS. THE SECURITIES
AND RIGHTS PURSUANT TO THIS AGREEMENT CANNOT BE SOLD, TRANSFERRED,  ASSIGNED, OR
OTHERWISE  DISPOSED OF, EXCEPT IN COMPLIANCE WITH  APPLICABLE  FEDERAL AND STATE
SECURITIES LAWS, INCLUDING REGULATION S PROMULGATED UNDER THE ACT.

     This Agreement shall constitute the irrevocable offer of the undersigned to
purchase,  in the amounts and subject to the terms set forth in this  Agreement,
the Note and Shares of Renewable Energy  Acquisition Corp., a Nevada corporation
(the "Company"),  at a purchase price of $______.  On execution by both parties,
this  Agreement  shall  become  a  bilateral   agreement  binding  on  both  the
undersigned  and the Company.  Each part of this  Agreement must be completed by
the undersigned  and, by execution  below, I acknowledge  that I understand that
the Company is relying on the accuracy and completeness hereof in complying with
my obligations under applicable securities laws.

     On the foregoing, I am hereby agreed as follows:

     1.  SUBSCRIPTION.  I hereby  irrevocably  subscribe for the purchase of the
Note and Shares for $_______. I am tendering to the Company:

     (a) one signed copy of this Agreement; and

     (b) a check made payable to  "Renewable  Energy  Acquisition  Corp." in the
amount of  $________  for the Note and Shares  (collectively  the  "Securities")
subscribed for above.
<PAGE>
     2. GENERAL  REPRESENTATIONS OF SUBSCRIBER.  I hereby represent and warrants
as follows:

     (a) I am over the age of 18 years;

     (b) I acknowledge  that neither the United States  Securities  and Exchange
Commission  nor the  securities  commission of any state or other federal agency
has made any determination as to the merits of purchasing the Securities;

     (c) I understand an investment in the Securities is highly  speculative and
involves a high degree of risk.

     (d) I have been fully informed to my complete  satisfaction  concerning the
organizational aspects,  business,  current operations,  finances, and all other
matters  which I consider  significant  for the purpose of making an  investment
decision with respect to the Company.  I have had the  opportunity of discussing
the  Company and its affairs  with  members of  management,  of  reviewing  such
documents  and  records  as  I  consider  appropriate,  and  have  received  all
information  which I have requested  with respect to the Company.  I am aware of
the Company's current limited cash position,  and I am aware that the Company is
in the early developmental stage and has suffered substantial losses. I am fully
aware of all of the risks involved in this investment.

     (e) I understand that the Company has generated no profits to date and that
there is no assurance that the Company will be profitable in the future.  I have
been  afforded  access to such  information  concerning  the Company as has been
requested  and such  materials  were  sufficient  to  enable  me to  arrive at a
reasoned investment decision with respect to an investment in the Securities.

     (f) I, either alone or with the assistance of one or more advisers  engaged
by me, have such knowledge and experience in business and financial matters that
it or they is capable of evaluating the Company,  its business  operations,  and
the risks and merits of an investment in the Company;

     (g) I have no present  intention of dividing any of the  securities  or the
rights under this Agreement  with others or of reselling or otherwise  disposing
of any portion of the  securities,  either  currently  or after the passage of a
fixed or determinable  period of time or on the occurrence or  nonoccurrence  of
any predetermined event or circumstance;

     (h) I was at no time solicited by any leaflet,  public promotional meeting,
circular,  newspaper or magazine article, radio or television advertisement,  or
any other form of general  advertising or  solicitation  in connection  with the
offer, sale, or purchase of the securities through this Agreement;

     (i) I have  adequate  means of providing for its current needs and possible
contingencies  and has no need now and  anticipates  no need in the  foreseeable
future, to sell any portion of the securities for which I hereby subscribe. I am
able to bear the economic risks of this  investment and,  consequently,  without
limiting the generality of the foregoing,  is able to hold the securities for an
indefinite  period of time,  and has a sufficient net worth to sustain a loss of
the entire investment, in the event such loss should occur; and

     (j) I acknowledge  that this Agreement may be accepted or rejected in whole
or in part by the  Company  and that,  to the  extent  the  subscription  may be
rejected, the accompanying  subscription payment may be refunded without payment
of interest and without deduction of expenses.

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<PAGE>
     3.  REPRESENTATIONS  REGARDING  EXEMPTIONS AND RESTRICTIONS ON TRANSFER.  I
represent  that the  securities  are being  acquired  without a view to, or for,
resale in connection  with any  distribution  of the  securities or any interest
therein without  registration or other compliance under the Act, and that I have
no  direct  or  indirect  participation  in  any  such  undertaking  or  in  the
underwriting of such an  undertaking.  I understand that the securities have not
been registered,  but are being acquired by reason of a specific exemption under
the Act as well as under certain state  statutes for  transactions  by an issuer
not involving any public  offering and that any  disposition  of the  securities
may, under certain  circumstances,  be inconsistent  with this exemption and may
make me an  "underwriter"  within the meaning of the Act. I acknowledge that the
securities must be held and may not be sold, transferred,  or otherwise disposed
of for  value  unless  they  are  subsequently  registered  under  the Act or an
exemption  from  such  registration  is  available.  The  Company  is  under  no
obligation to register the  securities  under the Act or under Section 12 of the
Securities  Exchange Act of 1934, as amended,  except as may be expressly agreed
to by it in writing.  The  certificates  representing the securities will bear a
legend  restricting  transfer,  except in compliance with applicable federal and
state securities statutes.

     4.  ACCREDITED  INVESTOR  STATUS.  I  represent  and  warrant  that I am an
"accredited  Investor"  within  the  meaning  of Rule  501(a)  of  Regulation  D
promulgated under the Securities Act of 1933.

     5.  INDEMNITY.  I hereby  agree to  indemnify  the  Company  and any person
participating in the offering and to hold them harmless from and against any and
all  liability,  damage,  cost,  or  expense  (including,  but not  limited  to,
reasonable attorney's fees) incurred on account of or arising out of:

     (a) any inaccuracy in my declarations,  representations, and warranties set
forth herein or made by me to the Company in connection with my subscription;

     (b) the disposition of any portion of the securities which it will receive,
contrary to my declarations,  representations,  and warranties set forth herein;
and

     (c) any  action,  suit,  or  proceeding  based on (i) the  claim  that said
declarations,  representations  or warranties  were  inaccurate or misleading or
otherwise cause for obtaining  damages or redress from the Company,  or (ii) the
disposition of any of the securities or any part hereof.

     6. MISCELLANEOUS. I further understand, acknowledge, and agree that:

     (a) This  Agreement is  registered  in the name of the  undersigned  on the
books of the Company at its principal  offices,  and no transfer hereof shall be
valid and binding on the Company  unless made at such offices by the  registered
holder or the holder's  attorney-in-fact duly authorized in writing. The Company
may deem and treat the person in whose name this  Agreement is registered as the
absolute  owner  hereof for the purpose of  receiving  any  securities  issuable
pursuant hereto and for all other purposes.

     (b) This  Agreement  shall be construed in accordance  with and governed by
the laws of the state of Minnesota.

     (c) This Agreement  constitutes  the entire  agreement  between the parties
respecting the subject matter hereof.

     (d)    Notwithstanding    any   of   the    representations,    warranties,
acknowledgments,  or agreements made herein by the undersigned,  the undersigned
does not waive any rights  granted to the  undersigned  under  federal and state
securities laws.

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<PAGE>
     (e) The undersigned will hold title to the securities as follows:

     ____  Community Property                             ____ Tenants in Common

     ____  Joint Tenants, with Right of Survivorship      ____ Separate Property

     ____  Other ______________________________________________________
                (Single Person, Trust, Corporation, Etc., Please Indicate)

     DATED this _____ day of _____________ 2007.


---------------------------------   --------------------------------------------
Tax Identification Number or        Type or Print Name of Subscriber(s) in exact
Social Security Number              Form to be used on Records of the Company

Address:

---------------------------------   --------------------------------------------
Number and Street                   Signature

---------------------------------   --------------------------------------------
City, State, and Postal Code        Signature of Joint Subscriber, If Any

                                    Date:
---------------------------------   --------------------------------------------
Country

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                           ACCEPTANCE OF SUBSCRIPTION

     The foregoing is hereby accepted this ______ day of ___________________
2007.

                                 RENEWABLE ENERGY ACQUISITION CORP.


                                 By___________________________________
                                       Duly Authorized Officer


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