Document:

Unassociated Document

    

    

    MAKE
      GOOD ESCROW AGREEMENT

     

    This
      Make
      Good Escrow Agreement (the "Make Good Agreement"), dated effective as of
      February 25, 2008, is entered into by and among China Solar & Clean Energy
      Solutions, Inc., a Nevada corporation (the "Company"), the Investors (as defined
      below), Roth Capital Partners, LLC ("Roth") and Tri-State Title & Escrow,
      LLC, as escrow agent ("Escrow Agent"). 

     

    WHEREAS,
      each of the investors in the private offering of securities of the Company
      (the
      "Investors") has entered into a Securities Purchase Agreement, dated February
      ___, 2008 (the "SPA"), evidencing their participation in the Company's private
      offering (the "Offering")
      of
      securities. As an inducement to the Investors to participate in the Offering
      and
      as set forth in the SPA, the Company has agreed to place certain shares of
      the
      Company’s common stock, par value $0.001 per share (the “Common Stock”) into
      escrow for the benefit of the Investors in the event the Company fails to
      satisfy certain financial thresholds.

     

    WHEREAS,
      pursuant to the requirements of the SPA, the Company has agreed to establish
      an
      escrow on the terms and conditions set forth in this Make Good
      Agreement.

     

    WHEREAS,
      the Escrow Agent has agreed to act as escrow agent pursuant to the terms and
      conditions of this Make Good Agreement.

     

    WHEREAS,
      all capitalized terms used but not defined herein shall have the meanings
      assigned them in the SPA.

     

    NOW,
      THEREFORE, in consideration of the mutual promises of the parties and the terms
      and conditions hereof, the parties hereby agree as follows: 

     

    1.
      Appointment of Escrow Agent.
      The
      Company hereby appoints Escrow Agent to act as the as escrow agent in accordance
      with the terms of this Make Good Agreement, and the Escrow Agent hereby accepts
      such appointment. 

     

    2.
      Establishment of Escrow.
      By the
      Closing Date, the Company shall deliver, or cause to be delivered, to the Escrow
      Agent certificates evidencing an aggregate of 2,000,000 shares
      of
      the Company’s Common Stock (as equitably adjusted for any stock splits, stock
      combinations, stock dividends or similar transactions) (the "Escrow Shares"),
      along with bank signature stamped stock powers executed in blank (or such other
      signed instrument of transfer acceptable to the Company’s Transfer Agent). As
      used in this Make Good Agreement, “Transfer Agent” means Securities Transfer
      Corporation, or such other entity hereafter retained by the Company as its
      stock
      transfer agent as specified in a writing from the Company to the Escrow Agent.
      The Company understands and agrees that the Investors’ right to receive 2008
      Make Good Shares (as defined below) and 2009 Make Good Shares (as defined below)
      pursuant to Section 4.11 of the SPA and this Make Good Agreement shall continue
      to run to the benefit of each Investor even if such Investor shall have
      transferred or sold all or any portion of its Shares, and that each Investor
      shall have the right to assign its rights to receive all or any such shares
      of
      Common Stock to other Persons in conjunction with negotiated sales or transfers
      of any of its Shares. The Company hereby irrevocably agrees that other than
      in
      accordance with Section 4.11 of the SPA and this Make Good Agreement, the
      Company will not offer, pledge, sell, contract to sell, sell any option or
      contract to purchase, purchase any option or contract to sell, grant any option,
      right or warrant to purchase or otherwise transfer or dispose of, directly
      or
      indirectly, or announce the offering of any of the Escrow Shares (including
      any
      securities convertible into, or exchangeable for, or representing the rights
      to
      receive Escrow Shares). In furtherance thereof, the Company will (x) place
      a
      stop order on all Escrow Shares covered by any registration statements, (y)
      notify the Transfer Agent in writing of the stop order and the restrictions
      on
      such Escrow Shares under this Make Good Agreement and direct the Transfer Agent
      not to process any attempts to resell or transfer any Escrow Shares under such
      registration statements or otherwise in violation of Section 4.11 of the SPA
      and
      this Make Good Agreement. The Company shall notify the Investors as soon as
      the
      Escrow Shares have been deposited with the Escrow Agent.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. Representations
      of the Company.
      The
      Company hereby represents and warrants to the Investors as follows:

     

    (i)
      All
      of the Escrow Shares are validly issued, fully paid and nonassessable shares
      of
      the Company, and free and clear of all pledges, liens and encumbrances. Upon
      any
      transfer of Escrow Shares to Investors hereunder, Investors will receive full
      right, title and authority to such shares as holders of Common Stock of the
      Company.

     

    (ii) Performance
      of this Make Good Agreement and compliance with the provisions hereof will
      not
      violate any provision of any applicable law and will not conflict with or result
      in any breach of any of the terms, conditions or provisions of, or constitute
      a
      default under, or result in the creation or imposition of any lien, charge
      or
      encumbrance upon, any of the properties or assets of the Company pursuant to
      the
      terms of any indenture, mortgage, deed of trust or other agreement or instrument
      binding upon the Company, other than such breaches, defaults or liens which
      would not have a material adverse effect taken as a whole. 

     

    (iii)
      The
      Company has carefully considered and understands its obligations and rights
      under Section 4.11 of the SPA and this Make Good Agreement, and in furtherance
      thereof (x) has consulted with its legal and other advisors with respect thereto
      and (y) hereby forever waives and agrees that it may not assert any equitable
      defenses in any Proceeding involving the Escrow Shares.

     

    
      
        
        

      

      
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    4.
      Disbursement of Escrow Shares. 

     

    a. The
      Company agrees that in the event that the After Tax Net Income (as defined
      below) reported in the Annual Report of the Company for the fiscal year ending
      December 31, 2008, as filed with the Commission on Form 10-K (or such other
      form
      appropriate for such purpose as promulgated by the Commission) (the “2008
      Annual Report”),
      is
      less than $4,800,000 (the “2008
      Guaranteed ATNI”),
      the
      Company will transfer to each Investor on a pro-rata basis (determined by
      dividing each Investor’s Investment Amount by the aggregate of all Investment
      Amounts delivered to the Company by the Investors hereunder) for no
      consideration other than their respective Investment Amounts paid to the Company
      at Closing, the 2008 Make Good Shares. The “2008
      Make Good Shares”
means
      the 1,000,000 shares of Common Stock (as equitably adjusted for any stock
      splits, stock combinations, stock dividends or similar transactions) required
      to
      be deposited with the Make Good Escrow Agent pursuant to the Make Good Escrow
      Agreement. 

     

    b. In
      the
      event that the After Tax Net Income reported in the Annual Report of the Company
      for the fiscal year ending December 31, 2009, as filed with the Commission
      on
      Form 10-K (or such other form appropriate for such purpose as promulgated by
      the
      Commission) (the “2009
      Annual Report”)
      is less
      than $8,000,000 (the “2009
      Guaranteed ATNI”),
      the
      Company will transfer to each Investor on a pro-rata basis (determined by
      dividing each Investor’s Investment Amount by the aggregate of all Investment
      Amounts delivered to the Company by the Investors hereunder) for no
      consideration other than their respective Investment Amounts paid to the Company
      at Closing, the 2009 Make Good Shares. The “2009
      Make Good Shares”
means
      the 1,000,000 shares of Common Stock (as equitably adjusted for any stock
      splits, stock combinations, stock dividends or similar transactions) required
      to
      be deposited with the Make Good Escrow Agent pursuant to the Make Good Escrow
      Agreement. In the event that the After Tax Net Income reported in the 2008
      Annual Report is equal to or greater than the 2008 Guaranteed ATNI, no transfer
      of the 2008 Make Good Shares shall be required by the Company to the Investors
      and such 2008 Make Good Shares shall be returned to the Company in accordance
      with this Make Good Agreement. In the event that the After Tax Net Income
      reported in the 2009 Annual Report is equal to or greater than the 2009
      Guaranteed ATNI, no transfer of the 2009 Make Good Shares shall be required
      by
      the Company to the Investors and such 2009 Make Good Shares shall be returned
      to
      the Company in accordance with this Make Good Agreement. 

     

    c. Any
      required transfer of 2008 Make Good Shares or 2009 Make Good Shares shall be
      made to the Investors or the Company, as applicable, within 10 Business Days
      after the date which the 2008 Annual Report or 2009 Annual Report, as
      applicable, is filed. 

     

    d. Notwithstanding
      anything to the contrary contained herein, in determining whether the Company
      has achieved either the 2008 Guaranteed ATNI or 2009 Guaranteed ATNI, the
      Company may disregard any compensation charge or expense required to be
      recognized by the Company under GAAP resulting from the release of the 2008
      Make
      Good Shares or 2009 Make Good Shares (as relevant) to the Company if and to
      the
      extent such charge or expense is specified in the Company’s independent
      auditor’s report for the relevant year, as filed with the Commission. In
      determining whether the Company has achieved either the 2008 Guaranteed ATNI
      or
      2009 Guaranteed ATNI (as the case may be), any liquidated damages payable
      pursuant to the Transaction Documents shall not be included as expenses of
      the
      Company. If prior to the third anniversary of the filing of either of the 2008
      Annual Report or the 2009 Annual Report (as the case may be), the Company or
      their auditors report or recognize that the financial statements contained
      in
      such report are subject to amendment or restatement such that the Company would
      recognize or report adjusted After Tax Net Income of less than either of the
      2008 Guarantee ATNI or the 2009 Guaranteed ATNI (as the case may be), then
      notwithstanding any prior return of 2008 Make Good Shares or 2009 Make Good
      Shares to the Company, the Company will, within 10 Business Days following
      the
      earlier of the filing of such amendment or restatement or recognition, deliver
      the relevant 2008 Make Good Shares or 2009 Make Good Shares to the Investors.
      “After
      Tax Net Income”
shall
      mean the Company’s income after taxes for the fiscal year ending December 31,
      2008 or December 31, 2009 (as the case may be) in each case determined in
      accordance with GAAP as reported in the 2008 Annual Report or 2009 Annual Report
      (as relevant).

     

    
      
        
        

      

      
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    e. In
      the
      event that the After Tax Net Income reported in the 2008 Annual Report is less
      than the 2008 Guaranteed ATNI, the Company has agreed that Roth will provide
      prompt written instruction to the Escrow Agent with regard to the distribution
      of the 2008 Make Good Shares in an amount to each Investor as determined as
      set
      forth above. In the event that the After Tax Net Income reported in the 2009
      Annual Report is less than the 2009 Guaranteed ATNI, the Company has agreed
      that
      Roth will provide prompt written instruction to the Escrow Agent with regard
      to
      the distribution of the 2009 Make Good Shares in an amount to each Investor
      as
      determined as set forth above. The Escrow Agent need only rely on the letter
      of
      instruction from Roth in this regard and notwithstanding anything to the
      contrary contained herein will disregard any contrary instructions. In the
      event
      that the After Tax Net Income reported in the 2008 Annual Report is equal to
      or
      greater than the 2008 Guaranteed ATNI, Roth shall provide prompt written
      instructions to the Escrow Agent for the release of the 2008 Make Good Shares
      to
      the Company. In the event that the After Tax Net Income reported in the 2009
      Annual Report is equal to or greater than the 2009 Guaranteed ATNI, Roth shall
      provide prompt written instructions to the Escrow Agent for the release of
      the
      2009 Make Good Shares to the Company. 

     

    f. Pursuant
      to Section 4(a), if Roth delivers a notice to the Escrow Agent that the Escrow
      Shares are to be transferred to the Investors, then the Escrow Agent shall
      immediately forward either the 2008 Make Good Shares or 2009 Make Good Shares,
      as the case may be, to the Company’s Transfer Agent for reissuance to the
      Investors as determined as set forth above and otherwise in accordance with
      this
      Make Good Agreement. The Company covenants and agrees that upon any transfer
      of
      2008 Make Good Shares or 2009 Make Good Shares to the Investors in accordance
      with this Make Good Agreement, the Company shall promptly instruct its Transfer
      Agent to reissue such 2008 Make Good Shares or 2009 Make Good Shares in the
      applicable Investor’s name and deliver the same as directed by such Investor in
      an amount to each Investor as set forth on Exhibit
      A
      attached
      hereto. If the Company does not promptly provide such instructions to the
      Transfer Agent of the Company, then Roth is hereby authorized to give such
      re-issuance instruction to the Transfer Agent of the Company. If a notice from
      Roth pursuant to Section 4(a) indicates that the Escrow Shares are to be
      returned to the Company, then the Escrow Agent will promptly deliver either
      the
      2008 Make Good Shares or 2009 Make Good Shares, as the case may be, to the
      Company.

     

    
      
        
        

      

      
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    g. The
      Company covenants and agrees to provide the Escrow Agent with certified tax
      identification numbers by furnishing appropriate forms W-9 or W-8 and such
      other
      forms and documents that the Escrow Agent may request, including appropriate
      W-9
      or W-8 forms for each Investor. The Company understands that if such tax
      reporting documentation is not provided and certified to the Escrow Agent,
      the
      Escrow Agent may be required by the Internal Revenue Code of 1986, as amended,
      and the Regulations promulgated thereunder, to withhold a portion of any
      interest or other income earned on the investment of the Escrow Property.

     

    5.
      Duration.
      This
      Make Good Agreement shall terminate upon the distribution of all the Escrow
      Shares in accordance with the terms of this Make Good Agreement. The Company
      agrees to promptly provide the Escrow Agent written notice of the filing with
      the Commission of any financial statements or reports referenced
      herein.

     

    6.
      Escrow Shares.
      If any
      Escrow Shares are deliverable to the Investors pursuant to the SPA and in
      accordance with this Make Good Agreement, (i) the Company covenants and agrees
      to execute all such instruments of transfer (including stock powers and
      assignment documents) as are customarily executed to evidence and consummate
      the
      transfer of the Escrow Shares from the Company to the Investors, to the extent
      not done so in accordance with Section 2, and (ii) following its receipt of
      the
      documents referenced in Section 6(i), the Company and Escrow Agent covenant
      and
      agree to cooperate with the Transfer Agent so that the Transfer Agent promptly
      reissues such Escrow Shares in the applicable Investor’s name and delivers the
      same as directed by such Investor. Until such time as (if at all) the Escrow
      Shares are required to be delivered pursuant to the SPA and in accordance with
      this Make Good Agreement, any dividends payable in respect of the Escrow Shares
      and all voting rights applicable to the Escrow Shares shall be retained by
      the
      Company. Should the Escrow Agent receive dividends or voting materials, such
      items shall not be held by the Escrow Agent, but shall be passed immediately
      on
      to the Company and shall not be invested or held for any time longer than is
      needed to effectively re-route such items to the Company. In the event that
      the Escrow Agent receives a communication requiring the conversion
      of the Escrow Shares to cash or the exchange of the Escrow Shares for that
      of an acquiring company, the Escrow Agent shall solicit and follow the
      written instructions of the Company; provided,
      that
      the cash or exchanged shares are instructed to be redeposited into the Escrow
      Account. The Company shall be responsible for all taxes resulting from any
      such
      conversion or exchange.

     

    7.
      Interpleader. 
      Should
      any controversy arise among the parties hereto with respect to this Make Good
      Agreement or with respect to the right to receive the Escrow Shares, Escrow
      Agent and/or Roth shall have the right to consult and hire counsel and/or to
      institute an appropriate interpleader action to determine the rights of the
      parties. Escrow Agent and/or Roth are also each hereby authorized to institute
      an appropriate interpleader action upon receipt of a written letter of direction
      executed by the parties so directing either Escrow Agent or Roth. If Escrow
      Agent or Roth is directed to institute an appropriate interpleader action,
      it
      shall institute such action not prior to thirty (30) days after receipt of
      such
      letter of direction and not later than sixty (60) days after such date. Any
      interpleader action instituted in accordance with this Section 7 shall be filed
      in any court of competent jurisdiction in the State of Virginia, and the Escrow
      Shares in dispute shall be deposited with the court and in such event Escrow
      Agent and Roth shall be relieved of and discharged from any and all obligations
      and liabilities under and pursuant to this Make Good Agreement with respect
      to
      the Escrow Shares and any other obligations hereunder. 

     

    
      
        
        

      

      
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    8. Exculpation
      and Indemnification of Escrow Agent and Roth. 

     

    a. Escrow
      Agent is not a party to, and is not bound by or charged with notice of any
      agreement out of which this escrow may arise. Escrow Agent acts under this
      Make
      Good Agreement as a depositary only and is not responsible or liable in any
      manner whatsoever for the sufficiency, correctness, genuineness or validity
      of
      the subject matter of the escrow, or any part thereof, or for the form or
      execution of any notice given by any other party hereunder, or for the identity
      or authority of any person executing any such notice. Escrow Agent will have
      no
      duties or responsibilities other than those expressly set forth herein. Escrow
      Agent will be under no liability to anyone by reason of any failure on the
      part
      of any party hereto (other than Escrow Agent) or any maker, endorser or other
      signatory of any document to perform such person's or entity's obligations
      hereunder or under any such document. Except for this Make Good Agreement and
      instructions to Escrow Agent pursuant to the terms of this Make Good Agreement,
      Escrow Agent will not be obligated to recognize any agreement between or among
      any or all of the persons or entities referred to herein, notwithstanding its
      knowledge thereof. Roth’s sole obligation under this Make Good Agreement is to
      provide written instruction to Escrow Agent (following such time as the Company
      files certain periodic financial reports as specified in Section 4 hereof)
      directing the distribution of the Escrow Shares. Roth will provide such written
      instructions upon review of the relevant earnings per share and/or after-tax
      net
      income amount reported in such periodic financial reports as specified in
      Section 4 hereof. Roth is not charged with any obligation to conduct any
      investigation into the financial reports or make any other investigation related
      thereto. In the event of any actual or alleged mistake or fraud of the Company,
      its auditors or any other person (other than Roth) in connection with such
      financial reports of the Company, Roth shall have no obligation or liability
      to
      any party hereunder.

     

    b. Escrow
      Agent will not be liable for any action taken or omitted by it, or any action
      suffered by it to be taken or omitted, absent gross negligence or willful
      misconduct. Escrow Agent may rely conclusively on, and will be protected in
      acting upon, any order, notice, demand, certificate, or opinion or advice of
      counsel (including counsel chosen by Escrow Agent), statement, instrument,
      report or other paper or document (not only as to its due execution and the
      validity and effectiveness of its provisions, but also as to the truth and
      acceptability of any information therein contained) which is reasonably believed
      by Escrow Agent to be genuine and to be signed or presented by the proper person
      or persons. The duties and responsibilities of the Escrow Agent hereunder shall
      be determined solely by the express provisions of this Make Good Agreement
      and
      no other or further duties or responsibilities shall be implied, including,
      but
      not limited to, any obligation under or imposed by any laws of the State of
      Virginia upon fiduciaries. THE
      ESCROW AGENT SHALL NOT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY (I) DAMAGES,
      LOSSES OR EXPENSES ARISING OUT OF THE SERVICES PROVIDED HEREUNDER, OTHER THAN
      DAMAGES, LOSSES OR EXPENSES WHICH HAVE BEEN FINALLY ADJUDICATED TO HAVE DIRECTLY
      RESULTED FROM THE ESCROW AGENT’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, OR (II)
      SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR LOSSES OF ANY KIND WHATSOEVER
      (INCLUDING, WITHOUT LIMITATION, LOST PROFITS), EVEN IF THE ESCROW AGENT HAS
      BEEN
      ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE
      FORM
      OF ACTION.

     

    
      
        
        

      

      
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    c. The
      Company hereby indemnifies and holds harmless each of Escrow Agent, Roth and
      any
      of their principals, partners, agents, employees and affiliates from
      and
      against any expenses, including reasonable attorneys' fees and disbursements,
      damages or losses suffered by Escrow Agent or Roth in connection with any claim
      or demand, which, in any way, directly or indirectly, arises out of or relates
      to this Make Good Agreement or the services of Escrow Agent or Roth hereunder;
      except, that if Escrow Agent or Roth is guilty of willful misconduct or gross
      negligence under this Make Good Agreement, then Escrow Agent or Roth, as the
      case may be, will bear all losses, damages and expenses arising as a result
      of
      its own willful misconduct or gross negligence. Promptly after the receipt
      by
      Escrow Agent or Roth of notice of any such demand or claim or the commencement
      of any action, suit or proceeding relating to such demand or claim, Escrow
      Agent
      or Roth, as the case may be, will notify the other parties hereto in writing.
      For the purposes hereof, the terms "expense" and "loss" will include all amounts
      paid or payable to satisfy any such claim or demand, or in settlement of any
      such claim, demand, action, suit or proceeding settled with the express written
      consent of the parties hereto, and all costs and expenses, including, but not
      limited to, reasonable attorneys' fees and disbursements, paid or incurred
      in
      investigating or defending against any such claim, demand, action, suit or
      proceeding. The provisions of this Section 8 shall survive the termination
      of
      this Make Good Agreement, and the resignation or removal of the Escrow Agent.
      

     

    9.
      Compensation of Escrow Agent.
      Escrow
      Agent shall be entitled to compensation for its services as stated in the fee
      schedule attached hereto as Exhibit
      B,
      which
      compensation shall be paid by the Company. The fee agreed upon for the services
      rendered hereunder is intended as full compensation for Escrow Agent's services
      as contemplated by this Make Good Agreement; provided,
      however,
      that in
      the event that Escrow Agent renders any material service not contemplated in
      this Make Good Agreement, or there is any assignment of interest in the subject
      matter of this Make Good Agreement, or any material modification hereof, or
      if
      any material controversy arises hereunder, or Escrow Agent is made a party
      to
      any litigation pertaining to this Make Good Agreement, or the subject matter
      hereof, then Escrow Agent shall be reasonably compensated by the Company for
      such extraordinary services and reimbursed for all costs and expenses, including
      reasonable attorney's fees, occasioned by any delay, controversy, litigation
      or
      event, and the same shall be recoverable from the Company. Prior
      to
      incurring any costs and/or expenses in connection with the foregoing sentence,
      Escrow Agent shall be required to provide written notice to the Company of
      such
      costs and/or expenses and the relevancy thereof and Escrow Agent shall not
      be
      permitted to incur any such costs and/or expenses which are not related to
      litigation prior to receiving written approval from the Company, which approval
      shall not be unreasonably withheld.

     

    
      
        
        

      

      
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    10.
      Resignation of Escrow Agent.
      At any
      time, upon ten (10) Business Days’ written notice to the Company and the
      Investors, Escrow Agent may resign and be discharged from its duties as Escrow
      Agent hereunder. As soon as practicable after its resignation, Escrow Agent
      will
      promptly turn over to a successor escrow agent appointed by the Company the
      Escrow Shares held hereunder upon presentation of a document appointing the
      new
      escrow agent and evidencing its acceptance thereof. If, by the end of the 10
      Business Day period following the giving of notice of resignation by Escrow
      Agent, the Company shall have failed to appoint a successor escrow agent, Escrow
      Agent shall deposit the Escrow Shares as directed by Roth with the understanding
      that such Escrow Shares will continue to be subject to the provisions of this
      Make Good Agreement. 

     

    11.
      Records.
      Escrow
      Agent shall maintain accurate records of all transactions hereunder. Promptly
      after the termination of this Make Good Agreement or as may reasonably be
      requested by the parties hereto from time to time before such termination,
      Escrow Agent shall provide the parties hereto, as the case may be, with a
      complete copy of such records, certified by Escrow Agent to be a complete and
      accurate account of all such transactions. The authorized representatives of
      each of the parties hereto shall have access to such books and records at all
      reasonable times during normal business hours upon reasonable notice to Escrow
      Agent and at the requesting party’s expense. 

     

    12.
      Notice.
      All
      notices, communications and instructions required or desired to be given under
      this Make Good Agreement must be in writing and shall be deemed to be duly
      given
      if sent by registered or certified mail, return receipt requested, or overnight
      courier, to the addresses listed on the signature pages hereto.

     

    13.
      Execution in Counterparts.
      This
      Make Good Agreement may be executed in counterparts, each of which shall be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument. 

     

    14.
      Assignment and Modification.
      This
      Make Good Agreement and the rights and obligations hereunder of the Company
      may
      not be assigned. This Make Good Agreement and the rights and obligations
      hereunder of the Escrow Agent may be assigned by the Escrow Agent only with
      the
      prior consent of the Company and Roth. An Investor may assign its rights under
      this Make Good Agreement without any consent from any other party. This Make
      Good Agreement may not be changed orally or modified, amended or supplemented
      without an express written agreement executed by the Escrow Agent, the Company,
      Investors representing a majority in interest of the Shares and Roth. This
      Make
      Good Agreement is binding upon and intended to be for the sole benefit of the
      parties hereto and their respective successors, heirs and permitted assigns,
      and
      none of the provisions of this Make Good Agreement are intended to be, nor
      shall
      they be construed to be, for the benefit of any third person. No portion of
      the
      Escrow Shares shall be subject to interference or control by any creditor of
      any
      party hereto, or be subject to being taken or reached by any legal or equitable
      process in satisfaction of any debt or other liability of any such party hereto
      prior to the disbursement thereof to such party hereto in accordance with the
      provisions of this Make Good Agreement. 

     

    
      
        
        

      

      
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    15.
      Applicable Law.
      This
      Make Good Agreement shall be governed by, and construed in accordance with,
      the
      internal laws of the State of Virginia. The representations and warranties
      contained in this Make Good Agreement shall survive the execution and delivery
      hereof and any investigations made by any party. Each party agrees that all
      legal proceedings concerning the interpretations, enforcement and defense of
      the
      transactions contemplated by this Make Good Agreement shall be commenced
      exclusively in the state and federal courts sitting in the City of New York,
      Borough of Manhattan (the “New York Courts”). Each party hereto hereby
      irrevocably submits to the exclusive jurisdiction of the New York Courts for
      the
      adjudication of any dispute hereunder or in connection, and hereby irrevocably
      waives, and agrees not to assert in any such proceeding, any claim that it
      is
      not personally subject to the jurisdiction of any such New York Court, or that
      such proceeding has been commenced in an improper or inconvenient forum. Each
      party hereto hereby irrevocably waives personal service of process and consents
      to process being served in any such proceeding by mailing a copy thereof via
      registered or certified mail or overnight delivery (with evidence of delivery)
      to such party at the address in effect for notices to it under this Make Good
      Agreement and agrees that such service shall constitute good and sufficient
      service of process and notice thereof. Nothing contained herein shall be deemed
      to limit in any way any right to serve process in any manner permitted by
      law.

     

    16.
      Headings.
      The
      headings contained in this Make Good Agreement are for convenience of reference
      only and shall not affect the construction of this Make Good Agreement.

     

    17.
      Attorneys' Fees.
      If any
      action at law or in equity, including an action for declaratory relief, is
      brought to enforce or interpret the provisions of this Make Good Agreement,
      the
      prevailing party shall be entitled to recover reasonable attorneys' fees from
      the other party (unless such other party is the Escrow Agent), which fees may
      be
      set by the court in the trial of such action or may be enforced in a separate
      action brought for that purpose, and which fees shall be in addition to any
      other relief that may be awarded.

     

    18.
      Merger or Consolidation.
      Any
      corporation or association into which the Escrow Agent may be converted or
      merged, or with which it may be consolidated, or to which it may sell or
      transfer all or substantially all of its corporate trust business and assets
      as
      a whole or substantially as a whole, or any corporation or association resulting
      from any such conversion, sale, merger, consolidation or transfer to which
      the
      Escrow Agent is a party, shall be and become the successor escrow agent under
      this Make Good Agreement and shall have and succeed to the rights, powers,
      duties, immunities and privileges as its predecessor, without the execution
      or
      filing of any instrument or paper or the performance of any further act.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have duly executed this Make Good Agreement as
      of
      the date set forth opposite their respective names.

     

    
      	 	 	 
	 	COMPANY:
	 	 
	 	CHINA SOLAR & CLEAN ENERGY
              SOLUTIONS, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title 

    

    
      	 	 	 
	 	Address:	 
	 	 	 
	 	Facsimile:	 
	 	Attn.:	 

    

     

    
      
        	 	 	 
	 	ESCROW
                AGENT:
	 	 
	 	
                TRI-STATE TITLE & ESCROW, LLC,
                  

                as
                  Escrow Agent

              
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title 

      

      
        	 	 	 
	 	Address:	 
	 	 	 
	 	Facsimile:	 
	 	Attn.:	 

      

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      
        	 	 	 
	 	ROTH
                CAPITAL PARTNERS, LLC
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title 

      

      
        	 	 	 
	 	Address:	 
	 	 	 
	 	Facsimile:	 
	 	Attn.:	 

      

       

      
        
          	 	 	 
	 	INVESTORS:
	 
 	 
 	 
 
	 	By:  	 
	 	
                  
Name:
	 	Title 

        

        
          	 	 	 
	 	Address:	 
	 	 	 
	 	Facsimile:	 
	 	Attn.:	 

        

      

       

    

    
      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

    

    Exhibit
      A
      (attached as a MS Excel spreadsheet)

    

    
      	
              Investor’s
                Legal Name

            	
              Investor’s
                Investment Amount

            
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    Exhibit
      B

    

    

    
      
        
        

      

      
        13Unassociated Document

    
      

    ESCROW
      AGREEMENT

     

    This
      Escrow Agreement, dated as of February 25, 2008 (this “Agreement”),
      is
      entered into by and between China Solar & Clean Energy Solutions, Inc., a
      Nevada corporation (the "Company"),
      Roth
      Capital Partners, LLC (the "Placement
      Agent")
      and
      TRISTATE TITLE & ESCROW, LLC, with its principal offices located at 360 Main
      Street, Washington, VA 22747 (the “Escrow
      Agent”).
      The
      Placement Agent and the Company are sometimes referred to herein as the
      Escrowing Parties.

    

    WITNESSETH:

    

    WHEREAS,
      the Company, through the Placement Agent, proposes to make a private offering
      pursuant to Rule 506 of Regulation D of the Securities Act of 1933, as amended
      (the “Offering”
and
      the
“Act,”
      respectively) of approximately Fifteen Million Dollars ($15,000,000) Dollars
      (the “Offering
      Amount”)
      of
      shares of its $.001 par value common stock ("Common
      Stock")
      pursuant to a Subscription Agreement and Summary, such offering to be made
      solely to accredited investors, as that term is defined in the Securities Act
      of
      1933, as amended; and

    

    WHEREAS,
      the Company and the Placement Agent desire to deposit all proceeds received
      from
      subscriptions for the Securities in the Offering (the “Escrowed
      Funds”)
      with
      the Escrow Agent, to be held in escrow until joint written instructions are
      received by the Escrow Agent from the Company and the Placement Agent, from
      time
      to time, at which time the Escrow Agent will disburse the Escrowed Funds in
      accordance with the instructions (a “Closing”);
      and

    

    WHEREAS,
      Escrow Agent is willing to hold the Escrowed Funds in escrow in subject to
      the
      terms and conditions of this Agreement.

    

    NOW,
      THEREFORE, in consideration of the mutual promises herein contained and
      intending to be legally bound, the parties hereby agree as follows:

    

    1.
      Appointment
      of Escrow Agent.
      The
      Company and the Placement Agent hereby appoint Escrow Agent as escrow agent
      in
      accordance with the terms and conditions set forth herein and the Escrow Agent
      hereby accepts such appointment.

    

    2.
      Delivery
      of the Escrowed Funds. 

    

    2.1
       The
      Placement Agent and/or the Company will direct subscribers in the Offering
      to
      deliver the Escrowed Funds to the Escrow Agent, addressed to the following
      account of the Escrow Agent:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Account
      Name: Tri-State Title & Escrow, LLC

    Bank:
      Access National Bank, Reston, VA 20191

    Account
      No.: 2681757

    ABA
      No:
      056009039

    

    2.2 (a)
      All
      Subscribers’ checks shall be made payable to “TRI-STATE TITLE & ESCROW, LLC"
      and shall be delivered to the Escrow Agent at the address set forth on
Exhibit
      A
      hereto
      and shall be
      accompanied by a written account of subscription in the form attached hereto
      as
Exhibit
      B
      (the “Subscription
      Information”)
      The
      Escrow
      Agent shall, upon receipt of a Subscription, together with the related Purchase
      Price therefore, deposit the related Purchase Price of said Subscription in
      the
      Escrow Account for collection; or (b) all funds to be wired shall be wired
      to
      the account set forth in Section 2.1 above and written Subscription Information
      shall be faxed or emailed to the Escrow Agent in accordance with the information
      provided on Exhibit
      A.

    

    2.3 Any
      checks which are received by Escrow Agent that are made payable to a party
      other
      than the Escrow Agent shall be returned directly to the Placement Agent together
      with any documents delivered therewith. Simultaneously with each deposit, the
      Placement Agent shall provide the Escrow Agent with the Subscription Information
      to include the name, address and taxpayer identification number of each
      Subscriber and of the aggregate principal amount of Securities subscribed for
      by
      such Subscriber. The Escrow Agent is not obligated, and may refuse, to accept
      checks that are not accompanied by a Subscription containing the requisite
      information.

    

    2.4 In
      the
      event a wire transfer is received by the Escrow Agent and the Escrow Agent
      has
      not received Subscription Information, the Escrow Agent shall notify the
      Placement Agent. If the Escrow Agent does not receive the Subscription
      Information by such Subscriber prior to close of business on the third business
      day (days other than a Saturday or Sunday or other day on which the Escrow
      Agent
      is not open for business in the State of Virginia) after notifying Placement
      Agent of receipt of said wire, the Escrow Agent shall return the funds to the
      prospective purchaser.

    

    3.
      Escrow
      Agent to Hold and Disburse Escrowed Funds.
      The
      Escrow Agent will hold and disburse the Escrowed Funds received by it pursuant
      to the terms of this Escrow Agreement, as follows: 

    

    3.1 Upon
      receipt of joint instructions from the Company and the Placement Agent, in
      substantially the form of Exhibit
      C
      hereto,
      the Escrow Agent shall release the Escrowed Funds as directed in such
      instructions. 

    

    3.2 In
      the
      event this Agreement, the Escrowed Funds or the Escrow Agent becomes the subject
      of litigation, or if the Escrow Agent shall desire to do so for any other
      reason, the Company authorizes the Escrow Agent, at its option, to deposit
      the
      Escrowed Funds with the clerk of the court in which the litigation is pending,
      or a court of competent jurisdiction if no litigation is pending, and thereupon
      the Escrow Agent shall be fully relieved and discharged of any further
      responsibility with regard thereto. The Company also authorizes the Escrow
      Agent, if it receives conflicting claims to the Escrow Funds, is threatened
      with
      litigation or if the Escrow Agent shall desire to do so for any other reason,
      to
      interplead all interested parties in any court of competent jurisdiction and
      to
      deposit the Escrowed Funds with the clerk of that court and thereupon the Escrow
      Agent shall be fully relieved and discharged of any further responsibility
      hereunder to the parties from which they were received.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    3.3 In
      the
      event that the Escrow Agent does not receive any instructions by a date that
      is
      90 days from the date of this Agreement (the “Escrow Termination Date”), all
      Escrowed Funds shall be returned to the parties from which they were received,
      without interest thereon or deduction therefrom.

    

    4.
       Exculpation
      and Indemnification of Escrow Agent.

    

    4.1
       The
      Escrow Agent shall haven no duties or responsibilities other than those
      expressly set forth herein. The Escrow Agent shall have no duty to enforce
      any
      obligation of any person to make any payment or delivery, or to direct or cause
      any payment or delivery to be made, or to enforce any obligation of any person
      to perform any other act. The Escrow Agent shall be under no liability to the
      other parties hereto or anyone else, by reason of any failure, on the part
      of
      any party hereto or any maker, guarantor, endorser or other signatory of a
      document or any other person, to perform such person’s obligations under any
      such document. Except for amendments to this Escrow Agreement referenced below,
      and except for written instructions given to the Escrow Agent by the Escrowing
      Parties relating to the Escrowed funds, the Escrow Agent shall not be obligated
      to recognize any agreement between or among any of the Escrowing Parties,
      notwithstanding that references hereto may be made herein and whether or not
      it
      has knowledge thereof. 

    

    4.2 The
      Escrow Agent shall not be liable to the Company, the Placement Agent or to
      anyone else for any action taken or omitted by it, or any action suffered by
      it
      to be taken or omitted, in good faith and acting upon any order, notice, demand,
      certificate, opinion or advice of counsel (including counsel chosen by the
      Escrow Agent), statement, instrument, report, or other paper or document (not
      only as to its due execution and the validity and effectiveness of its
      provisions, but also as to the truth and acceptability of any information
      therein contained), which is believed by the Escrow Agent to be genuine and
      to
      be signed or presented by the proper person or persons. The Escrow Agent shall
      not be bound by any of the terms thereof, unless evidenced by written notice
      delivered to the Escrow Agent signed by the proper party or parties and, if
      the
      duties or rights of the Escrow Agent are affected, unless it shall give its
      prior written consent thereto.

    

    4.3 The
      Escrow Agent shall not be responsible for the sufficiency or accuracy of the
      form, or of the execution, validity, value or genuineness of, any document
      or
      property received, held or delivered to it hereunder, or of any signature or
      endorsement thereon, or for any lack of endorsement thereon, or for any
      description therein; nor shall the Escrow Agent be responsible or liable to
      the
      Company, the Placement Agent or to anyone else in any respect on account of
      the
      identity, authority or rights, of the person executing or delivering or
      purporting to execute or deliver any document or property or this Escrow
      Agreement. The Escrow Agent shall have no responsibility with respect to the
      use
      or application of the Escrowed Funds pursuant to the provisions
      hereof.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    4.4 The
      Escrow Agent shall have the right to assume, in the absence of written notice
      to
      the contrary from the proper person or persons, that a fact or an event, by
      reason of which an action would or might be taken by the Escrow Agent, does
      not
      exist or has not occurred, without incurring liability to the Company, the
      Placement Agent or to anyone else for any action taken or omitted to be taken
      or
      omitted, in good faith and in the exercise of its own best judgment, in reliance
      upon such assumption.

    

    4.5 To
      the
      extent that the Escrow Agent becomes liable for the payment of taxes, including
      withholding taxes, in respect of income derived from the investment of the
      Escrowed Funds, or any payment made hereunder, the Escrow Agent may pay such
      taxes; and the Escrow Agent may withhold from any payment of the Escrowed Funds
      such amount as the Escrow Agent estimates to be sufficient to provide for the
      payment of such taxes not yet paid, and may use the sum withheld for that
      purpose. The Escrow Agent shall be indemnified and held harmless against any
      liability for taxes and for any penalties in respect of taxes, on such
      investment income or payments in the manner provided in Section 4.6

    

    4.6 The
      Escrow Agent will be indemnified and held harmless by the Company from and
      against all expenses, including all counsel fees and disbursements, or loss
      suffered by the Escrow Agent in connection with any action, suit or proceedings
      involving any claim, or in connection with any claim or demand, which in any
      way, directly or indirectly, arises out of or relates to this Escrow Agreement,
      the services of the Escrow Agent hereunder, except for claims relating to gross
      negligence by Escrow Agent or breach of this Escrow Agreement by the Escrow
      Agent, or the monies or other property held by it hereunder. Promptly after
      the
      receipt of the Escrow Agent of notice of any demand or claim or the commencement
      of any action, suit or proceeding, the Escrow Agent shall, if a claim in respect
      thereof is to be made against an Escrowing Party, notify each of them thereof
      in
      writing, but the failure by the Escrow Agent to give such notice shall not
      relieve any such party from any liability which an Escrowing Party may have
      to
      the Escrow Agent hereunder. 

    

    4.7 For
      purposes hereof, the term “expense or loss” shall include all amounts paid or
      payable to satisfy any claim, demand or liability, or in settlement of any
      claim, demand, action, suit or proceeding settled with the express written
      consent of the Escrow Agent, and all costs and expenses, including, but not
      limited to, counsel fees and disbursements, paid or incurred in investigating
      or
      defending against any such claim, demand, action, suit or proceeding.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    5.
       Termination
      of Agreement and Resignation of Escrow Agent.

    

    5.1 This
      Escrow Agreement shall terminate upon disbursement of all of the Escrowed Funds,
      provided that the rights of the Escrow Agent and the obligations of the Company
      and the Placement Agent under Section 4 shall survive the termination
      hereof.

    

    5.2 The
      Escrow Agent may resign at any time and be discharged from its duties as Escrow
      Agent hereunder by giving the Company and the Placement Agent at least five
      (5)
      business days written notice thereof (the “Notice
      Period”).
      As
      soon as practicable after its resignation, the Escrow Agent shall, if it
      receives notice from the Company and the Placement Agent within the Notice
      Period, turn over to a successor escrow agent appointed by the Company and
      the
      Placement Agent all Escrowed Funds (less such amount as the Escrow Agent is
      entitled to retain pursuant to Section 7) upon presentation of the document
      appointing the new escrow agent and its acceptance thereof. If no new agent
      is
      so appointed within the Notice Period, the Escrow Agent shall return the
      Escrowed Funds to the parties from which they were received without interest
      or
      decoction. 

    

    6.
       Form
      of Payments by Escrow Agent.

    

    6.1 Any
      payments of the Escrowed Funds by the Escrow Agent pursuant to the terms of
      this
      Escrow Agreement shall be made by wire transfer unless directed to be made
      by
      check by the Escrowing Parties.

    

    6.2
       All
      amounts referred to herein are expressed in United States Dollars and all
      payments by the Escrow Agent shall be made in such dollars.

    

    7. Compensation.
      Escrow
      Agent shall be entitled to the following compensation from the
      Company:

     

    7.1 Documentation
      Fee:
      The
      Company shall pay a documentation fee to the Escrow Agent of $___________,
      out
      of the Closing. 

    

    7.2 Closing
      Fee:
      The
      Company shall pay a fee of $_____ to the Escrow Agent at each Closing. For
      purposes of this Section 7.2, a Closing shall mean each time the Escrow Agent
      receives joint instructions from the Company and the Placement Agent to disburse
      Escrowed Funds in accordance with the terms of this Agreement. 

    

    7.3 Interest :
      The
      Company hereby agrees that Escrow Agent shall retain 100% of the interest earned
      during the time the Escrowed Funds are held in escrow hereunder.

    

    8. Notices.
      All
      notices, requests, demands, and other communications provided herein shall
      be in
      writing, shall be delivered by hand or by first-class mail, shall be deemed
      given when received and shall be addressed to parties hereto at their respective
      addresses first set forth on Exhibit
      A
      hereto.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    9. Further
      Assurances.
      From
      time to time on and after the date hereof, the Company and the Placement Agent
      shall deliver or cause to be delivered to the Escrow Agent such further
      documents and instruments and shall do and cause to be done such further acts
      as
      the Escrow Agent shall reasonably request (it being understood that the Escrow
      Agent shall have no obligation to make any such request) to carry out more
      effectively the provisions and purposes of this Escrow Agreement, to evidence
      compliance herewith or to assure itself that it is protected in acting
      hereunder.

    

    10. Consent
      to Service of Process.
      The
      Company and the Placement Agent hereby irrevocably consent to the jurisdiction
      of the courts of the State of Virginia and of any Federal court located in
      such
      state in connection with any action, suit or proceedings arising out of or
      relating to this Escrow Agreement or any action taken or omitted hereunder,
      and
      waives personal service of any summons, complaint or other process and agrees
      that the service thereof may be made by
      certified or registered mail directed to it at the address listed on Exhibit
      A
      hereto.

    

    11. Miscellaneous.

    

    11.1 This
      Escrow Agreement shall be construed without regard to any presumption or other
      rule requiring construction against the party causing such instrument to be
      drafted. The terms “hereby,” “hereof,” “hereunder,” and any similar terms, as
      used in this Escrow Agreement, refer to the Escrow Agreement in its entirety
      and
      not only to the particular portion of this Escrow Agreement where the term
      is
      used. The word “person” shall mean any natural person, partnership, corporation,
      government and any other form of business of legal entity. All words or terms
      used in this Escrow Agreement, regardless of the number or gender in which
      they
      were used, shall be deemed to include any other number and any other gender
      as
      the context may require. This Escrow Agreement shall not be admissible in
      evidence to construe the provisions of any prior agreement. 

    

    11.2 This
      Escrow Agreement and the rights and obligations hereunder of the Company and
      Placement Agent may not be assigned. This Escrow Agreement and the rights and
      obligations hereunder of the Escrow Agent may be assigned by the Escrow Agent.
      This Escrow Agreement shall be binding upon and inure to the benefit of each
      party’s respective successors, heirs and permitted assigns. No other person
      shall acquire or have any rights under or by virtue of this Escrow Agreement.
      This Escrow Agreement may not be changed orally or modified, amended or
      supplemented without an express written agreement executed by the Escrow Agent
      and all Escrowing Parties. This Escrow Agreement is intended to be for the
      sole
      benefit of the parties hereto and their respective successors, heirs and
      permitted assigns, and none of the provisions of this Escrow Agreement are
      intended to be, nor shall they be construed to be, for the benefit of any third
      person.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    11.3 This
      Escrow Agreement shall be governed by, and construed in accordance with, the
      internal laws of the State of Virginia. The representations and warranties
      contained in this Escrow Agreement shall survive the execution and delivery
      hereof and any investigations made by any party. The headings in this Escrow
      Agreement are for purposes of reference only and shall not limit or otherwise
      affect any of the terms thereof. 

    

    12.
       Execution
      of Counterparts.
      This
      Escrow Agreement may be executed in a number of counterparts, by facsimile,
      each
      of which shall be deemed to be an original as of those whose signature appears
      thereon, and all of which shall together constitute one and the same instrument.
      This Escrow Agreement shall become binding when one or more of the counterparts
      hereof, individually or taken together, are signed by all the
      parties.

    

    IN
      WITNESS WHEREOF, the parties have executed and delivered this Escrow Agreement
      on the day and year first above written.

    

    ESCROW
      AGENT:

    

    TRI-STATE
      TITLE & ESCROW, LLC

    

    By:
      ______________________________

    Guy
      W.
      Turner, President

     

    COMPANY:

     

    CHINA
      SOLAR & CLEAN ENERGY SOLUTIONS, INC.

     

    By:_______________________________

     
      Name: 

     
      Title: 

     

    PLACEMENT
      AGENT:

     

    ROTH
      CAPITAL PARTNERS, LLC

     

    By:_______________________________

     
      Name: 

     
      Title: 

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    PARTIES
      TO AGREEMENT

    

    Company
      Name: China Solar & Clean Energy Solutions, Inc.

    Attention:
      

    Address:
      

    City
      & State:

    Telephone:

    Fax:

    Email:
      

    

    

    ____________________________________ 

    (Signature)    

    

    Tri-State
      Title & Escrow, LLC

    360
      Main
      Street

    P.O.
      Box
      391 

    Washington,
      VA 22747

    Telephone:
      (800) 984-2155 

    Attention:
      Johnnie L. Zarecor

    Telephone:
      (540) 675-2155 Fax: (540) 675-3155

    Email
      escrow@tristatetitle.net

    

    

    ____________________________

    Guy
      W.
      Turner, President

    

    

    Roth
      Capital Partners, LLC

    24
      Corporate Plaza

    Newport
      Beach, CA 92660

    Telephone:

    Fax:

    Email:

    

    ____________________________

    (Signature)
      

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      B

    

    SUBCRIPTION
      INFORMATION

    

     

    

    
      	Name
              of
              Subscriber	 	 
	 	 	 
	Address
              of Subscriber	 	 
	 	 	 
	 	 	 
	 	 	 
	
              $
                Amount of Securities Subscribed 

            	 	 
	 	 	 
	
              Subscription
                Amount Submitted
                Herewith

            	 	 
	 	 	 
	
              Taxpayer
                ID Number/Social
                Security Number

            	 	 

    

       

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

    

    DISBURSEMENT
      REQUEST

    

    Pursuant
      to that certain Subscription Agreement and Summary by and among China Solar
      & Clean Energy Solutions, Inc., Roth Capital Partners, LLC and TRISTATE
      TITLE & ESCROW, LLC, the Company and Placement Agent hereby requests
      disbursement of funds in the amount and manner described below from Cardinal
      Bank account number 0560024931, styled Tri-State Title & Escrow, LLC Escrow
      Account.

     

    
      
        	Please
                disburse to:	 	 
	 	 	 
	Amount
                to disburse:	 	 
	 	 	 
	Form
                of distribution:	 	 
	 	 	 
	Payee:	 	 
	 	 	 
	 	Name:	 	 
	 	Address:	 	 
	 	City/State:	 	 
	 	Zip:	 	 
	 	 	 
	 	 	 
	Please
                disburse to:	 	 
	 	 	 
	
                Amount
                  to disburse:

              	 	 
	 	 	 
	
                Form
                  of distribution:

              	 	 
	 	 	 
	
                Payee:

              	 	 
	 	Name:	 	 
	 	Address:	 	 
	 	City/State:	 	 
	 	Zip:	 	 

      

       

    

    Subscriptions
      Accepted From

     

    
      
        	Subscriber	 	Amount
	 	 	 
	 
	 	 
	 	 	 
	 
	 	 
	 	 	 
	 	 	 
	
                Total:

              	 	 

      

       

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

         

    
      	 	
              Statement
                of event or condition which calls for
                this request for disbursement:

            	 
	 	 	 
	 	 	 
	 	 	 

    

    

    
      
        	 	 	 
	 	Company
                Name
	 
 	 
 	 
 
	 	By:	 
                
	 	Name:	 
	 	Date:	 

      

      

      
        
          	 	 	 
	 	By:	 
                  
	 	Name:	 
	 	Title:	 
	 	Date:	 

        

         

        
          
            
            

          

          
            11

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